Sieve Capital Initiates Public Campaign To Remove Americold Realty Trust Chairman Mark Patterson From His Role

Sieve Capital LLC (collectively with its affiliates, "Sieve" or "we"), a shareholder of Americold Realty Trust, Inc. ("Americold" or the "Company"), today announced that it is reluctantly initiating a public campaign focused on Chairman Mark Patterson and his boardroom allies. Last week, in a private letter that the Board of Directors (the "Board")1 has not acknowledged, Sieve detailed its serious concerns pertaining to Mr. Patterson's documented history of apparently problematic boardroom behavior and poor strategic decisions at Paramount Group2, Digital Realty3 and Americold4. In the correspondence, Sieve specifically asked the Board to strip Mr. Patterson of his Chairman position and not nominate him for re-election at Americold's upcoming Annual Meeting of Shareholders (the "Annual Meeting").