Credit Suisse Securities (USA) LLC is serving as the exclusive financial advisor to Sunrun and Cooley LLP and Axinn, Veltrop & Harkrider LLP are
serving as legal counsel. Morgan Stanley & Co. LLC is serving as the lead financial advisor to Vivint Solar, BofA Securities, Inc. is serving as a financial advisor to Vivint Solar and Simpson Thacher & Bartlett LLP and Wilson
Sonsini Goodrich & Rosati are serving as legal counsel.
Management Conference Call Information
Sunrun and Vivint Solar are hosting a joint conference call for analysts, investors and media to discuss the definitive transaction agreement at 8:30 a.m.
Eastern time on Tuesday, July 7, 2020. A live audio webcast of the conference call along with supplemental information will be accessible on the Investor Relations section of Sunruns website at
https://investors.sunrun.com in addition to Vivint Solars website at http://investors.vivintsolar.com. The conference call can also be accessed live over the phone by dialing 877-485-3106 (toll-free) or 201-689-8575 (international). An audio replay will be available following the call on the Sunrun
Investor Relations website for approximately one month.
Sunrun Inc. (Nasdaq: RUN) is the nations leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar
service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunruns innovative home battery solution, Brightbox, brings families affordable, resilient, and reliable energy. The company can also manage
and share stored solar energy from the batteries to provide benefits to households, utilities, and the electric grid while reducing our reliance on polluting energy sources. For more information, please visit www.sunrun.com.
About Vivint Solar
Vivint Solar, Inc. (NYSE: VSLR) is a
leading full-service residential solar provider in the United States. With the help of Vivint Solar, homeowners can power their homes with clean, renewable energy, typically achieving significant financial savings over time. Vivint Solar designs and
installs solar energy systems for homeowners and offers monitoring and maintenance services. In addition to being able to purchase a solar energy system outright, homeowners may benefit from Vivint Solars affordable, flexible financing
options, including power purchase agreements, or lease agreements, where available. Vivint Solar also offers solar plus storage systems with LG Chem home batteries and electric vehicle chargers with ChargePoint Home. For more information, visit
www.vivintsolar.com or follow @VivintSolar on Twitter.
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited
to, statements based upon or relating to Sunrun Inc.s, a Delaware corporation (Sunrun) and Vivint Solar, Inc.s, a Delaware corporation (Vivint Solar) expectations or predictions of future financial or business
performance or conditions. Forward-looking statements generally relate to future events or future financial or operating performance. In some cases, you can identify forward-looking statements by terms such as may, will,
should, would, expects, plans, anticipates, could, intends, target, projects, contemplates, believes,
estimates, predicts, potential, will be, will likely result or continue or the negative of these words or other similar terms or expressions that concern our expectations,
strategy, plans or intentions. Forward-looking statements may include, but are not limited to, statements concerning the expected benefits of the transaction; cost synergies and opportunities resulting from the transaction; Sunruns leadership
position in the industry; the availability of rebates, tax credits and other financial incentives including solar renewable energy certificates, or SRECs, and federal and state incentives; regulations and policies related to net metering and
interconnection limits or caps and decreases to federal solar tax credits; determinations by the Internal Revenue Service of the fair market value of Sunruns and Vivint Solars solar energy systems; changes in regulations, tariffs and
other trade barriers and tax policy; the retail price of utility-generated electricity or electricity from other energy sources; federal, state and local regulations and policies governing the electric utility industry and developments or changes
with respect to such regulations and policies; the ability of Sunrun and Vivint Solar to manage their supply chains (including the availability and price of solar panels and other system components and raw materials) and distribution channels and
the impact of natural disasters and other events beyond their control; the ability of Sunrun and Vivint Solar and their industry to manage recent and future growth, product offering mix, and costs (including, but not limited to, equipment costs)
effectively, including attracting, training and