On May 1, 2018, Gebr. Knauf KG issued a press release commenting on USG Corporation’s willingness to enter into a confidentiality agreement to facilitate discussions regarding Gebr. Knauf’s $42 per share cash offer. Gebr. Knauf issued a statement to the Company. In the statement, Gebr. Knauf stated that it is encouraged that the Company’s Board has authorized management to enter into discussions regarding its $42 per share cash offer. Gebr. Knauf stated that it continues to view that its offer reflects full and fair value relative to intrinsic long-term sustainable value through the cycle. Gebr. Knauf also stated that it looks forward to receiving additional information about the company. Gebr. Knauf stated that the board has acknowledged shareholders want to see a transaction. Gebr. Knauf stated that signing a confidentiality agreement and entering into discussion is the next natural step. Gebr. Knauf also stated that there can be no assurance any transaction would result from these discussions.