Newcastle Investment Corp (NCT): Former Third Point PM Bradley Radoff Dumping Shares

Page 12 of 16 – SEC Filing

Percentage: Approximately 2.5%

(b)

1. Sole power to vote or direct vote: 1,648,000

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 1,648,000

4. Shared power to dispose or direct the disposition: 0

(c)

FMLP has not entered into any transactions in the Shares during the past sixty days.  The transactions in the Shares on behalf of BLR Partners during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

F.	Radoff Foundation

(a)

As of the close of business on December 19, 2016, Radoff Foundation beneficially owned 180,000 Shares.

Percentage: Less than 1%

(b)

1. Sole power to vote or direct vote: 180,000

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 180,000

4. Shared power to dispose or direct the disposition: 0

(c)

Radoff Foundation has not entered into any transactions in the Shares during the past sixty days.

G.	Mr. Radoff

(a)

As of the close of business on December 19, 2016, Mr. Radoff directly owned 1,211,000 Shares. Mr. Radoff, as the sole shareholder and sole director of each of BLRGP and FMLP and a director of Radoff Foundation, may be deemed the beneficial owner of the (i) 1,648,000 Shares owned by BLR Partners and (ii) 180,000 Shares owned by Radoff Foundation.

Percentage: Approximately 4.6%

(b)

1. Sole power to vote or direct vote: 3,039,000

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 3,039,000

4. Shared power to dispose or direct the disposition: 0

(c)

Mr. Radoff has not entered into any transactions in the Shares during the past sixty days.  The transactions in the Shares on behalf of BLR Partners during the past sixty days are set forth in Schedule A and are incorporated herein by reference

H.	Mr. Schechter:

(a)

As of the close of business on December 19, 2016, Mr. Schechter directly owned 6,000 Shares.

Percentage: Less than 1%