-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BTKld35xYzEA3AlqIqi6lL5RSVjMgQYfCdCBfffZpZ7H+wzn2PDcJ+GSPSuh84C1 ytsOlDjGO/+LVEQTjw/b1Q== 0000928475-07-000054.txt : 20070216 0000928475-07-000054.hdr.sgml : 20070216 20070216155235 ACCESSION NUMBER: 0000928475-07-000054 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070216 DATE AS OF CHANGE: 20070216 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TEMPLE INLAND INC CENTRAL INDEX KEY: 0000731939 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD MILLS [2631] IRS NUMBER: 751903917 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34674 FILM NUMBER: 07631351 BUSINESS ADDRESS: STREET 1: 1300 MOPAC EXPRESSWAY SOUTH CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: 5124345800 MAIL ADDRESS: STREET 1: 1300 MOPAC EXPRESSWAY SOUTH CITY: AUSTIN STATE: TX ZIP: 78746 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ICAHN CARL C ET AL CENTRAL INDEX KEY: 0000921669 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O ICAHN ASSOCIATES CORP. STREET 2: 767 FIFTH AVE., SUITE 4700 CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2127024300 MAIL ADDRESS: STREET 1: C/O ICAHN ASSOCIATES CORP. STREET 2: 767 FIFTH AVE., SUITE 4700 CITY: NEW YORK STATE: NY ZIP: 10153 SC 13D/A 1 sch13damd1021607.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* Temple-Inland Inc. (Name of Issuer) Common Stock, Par Value $1.00 (Title of Class of Securities) 879868107 (CUSIP Number) Marc Weitzen, Esq. General Counsel Icahn Associates Corp. & affiliated companies 767 Fifth Avenue, 47th Floor New York, New York 10153 (212) 702-4388 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 16, 2007 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box / /. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D Item 1. Security and Issuer The Schedule 13D filed with the Securities and Exchange Commission on January 22, 2007 (the "Initial 13D"), by the Reporting Persons with respect to the shares of Common Stock, $1.00 par value (the "Shares"), issued by Temple-Inland Inc. (the "Issuer"), is hereby amended to furnish the additional information set forth herein. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Initial 13D. Item 4. Purpose of Transaction Item 4 of the Initial 13D is hereby amended by the addition of the following: On February 16, 2007, the Reporting Persons delivered a letter to the Issuer (the "Notification Letter"), notifying the Issuer that the Reporting Persons intend to appear at the 2007 annual meeting of the Issuer's stockholders, in person or by proxy, to nominate and seek to elect individuals as members of the board of directors of the Issuer. A copy of the Notification Letter is filed herewith as an exhibit and incorporated herein by reference, and any descriptions herein of the Notification Letter are qualified in their entirety by reference to the Notification Letter. Item 6. Contracts, Arrangements, Understandings or Relationship with Respect to Securities of the Issuer The information set forth above in Item 4 is incorporated herein by reference. Item 7. Material to be Filed as Exhibits 1 Notification Letter SIGNATURE After reasonable inquiry and to the best of each of the undersigned knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: February 16, 2007 HIGH RIVER LIMITED PARTNERSHIP By: Hopper Investments LLC, general partner By: Barberry Corp., sole member By: /s/ Edward E. Mattner --------------------- Name: Edward E. Mattner Title: Authorized Signatory HOPPER INVESTMENTS LLC By: Barberry Corp., sole member By: /s/ Edward E.Mattner -------------------- Name: Edward E. Mattner Title: Authorized Signatory BARBERRY CORP. By: /s/ Edward E. Mattner --------------------- Name: Edward E. Mattner Title: Authorized Signatory ICAHN PARTNERS MASTER FUND LP By: /s/ Edward E. Mattner --------------------- Name: Edward E. Mattner Title: Authorized Signatory ICAHN OFFSHORE LP By: /s/ Edward E. Mattner --------------------- Name: Edward E. Mattner Title: Authorized Signatory CCI OFFSHORE CORP. By: /s/ Keith A. Meister -------------------- Name: Keith A. Meister Title: Vice President ICAHN PARTNERS LP By: /s/ Edward E. Mattner --------------------- Name: Edward E. Mattner Title: Authorized Signatory ICAHN ONSHORE LP By: /s/ Edward E. Mattner --------------------- Name: Edward E. Mattner Title: Authorized Signatory CCI ONSHORE CORP. By: /s/ Keith A. Meister -------------------- Name: Keith A. Meister Title: Vice President /s/ Carl C. Icahn - ----------------- CARL C. ICAHN [Signature Page of Amendment No. 1 to Schedule 13D - Temple-Inland Inc.] EX-99 2 sch13damd1021607ex.txt ICAHN PARTNERS LP ICAHN PARTNERS MASTER FUND LP HIGH RIVER LIMITED PARTNERSHIP c/o Icahn Associates Corp. 767 Fifth Avenue, 47th Floor New York, NY 10153 February 16, 2007 VIA FACSIMILE, HAND DELIVERY, U.S. MAIL AND FEDERAL EXPRESS Temple-Inland Inc. 1300 MoPac Expressway South Austin, Texas 78746 Attention: Kenneth M. Jastrow, II, Chief Executive Officer Morris Davis, Esq., General Counsel Randall D. Levy, Chief Financial Officer Leslie K. O'Neal, Corporate Secretary Re: Stockholders' Notice of Intent to Nominate Persons for Election as Directors of Temple-Inland Inc. (the "Corporation") ------------------------------------------------------------------- Ladies and Gentlemen: Icahn Partners LP, a Delaware limited partnership ("Icahn Partners"), Icahn Partners Master Fund LP, a Cayman Islands exempted limited partnership ("Icahn Master"), and High River Limited Partnership, a Delaware limited partnership ("High River" and together with Icahn Partners and Icahn Master, the "Record Holders" and each of them a "Record Holder") hereby submit this notice (this "Notice") on the date hereof pursuant to the requirements (the "Bylaw Requirements") set forth in Article III, Section 3 of the By-laws of the Corporation, revised as of May 23, 2002, attached as Exhibit 3.1 to the Form 10-Q filed by the Corporation with the Securities and Exchange Commission (the "SEC") on November 12, 2002 (the "Bylaws"). The address of Icahn Partners is 767 Fifth Avenue, 47th Floor, New York, NY 10153. The address of Icahn Master is c/o Walkers SPV Limited, P.O. Box 908GT, 87 Mary Street, George Town, Grand Cayman, Cayman Islands. The address of High River is White Plains Plaza, 445 Hamilton Avenue - Suite 1210, White Plains, NY 10601. Each of the Record Holders is the record owner(1) of 1000 shares of Common Stock of the Corporation ("Shares"). - ------------------ (1) Please note that (i) High River's stock certificate was issued in the name of "High River LP;" and (ii) the following address is set forth on each such stock certificate of each Record Holder as the record address on the books of the Corporation: 767 Fifth Avenue, 47th Floor, New York, New York 10153. Each of the Record Holders hereby represents that it: (i) is a stockholder of record of Shares entitled to vote in the election of directors at the 2007 annual meeting of stockholders of the Corporation (the "Annual Meeting"), (ii) intends to deliver a proxy statement and/or form of proxy to holders of at least the percentage of the Corporation's outstanding voting stock required to elect the Nominees (as hereafter defined) and/or otherwise solicit proxies from stockholders of the Corporation in support of such nomination, and (iii) intends to appear in person or by proxy at the Annual Meeting to nominate for election as directors of the Corporation the following persons (each, a "Nominee" and collectively, the "Slate"): Jose Maria Alapont Ambassador John R. Bolton Keith A. Meister James J. Unger As of the date hereof, to the knowledge of the Record Holders, based on information contained in the Bylaws, the Corporation's Web site and the Corporation's Proxy Statement on Schedule 14A, filed with the SEC on March 22, 2006, the current Board of Directors of the Corporation ("Board") consists of 13 directors and the Board has adopted a policy that its size should be in the range of 10 to 12 members. Based on the current size of the Board, the Record Holders are submitting this Notice based on the assumption that 4 directors are to be elected at the Annual Meeting. If, for any reason, more than 4 directors are to be elected at the Annual Meeting, the Record Holders reserve the right to nominate additional persons to be so elected (each, an "Additional Nominee"). Additionally, if, for any reason, any Nominee or Additional Nominee is unable to stand for election at the Annual Meeting, the Record Holders intend to nominate a person in the place of such Nominee or Additional Nominee (a "Substitute"). Finally, if fewer than 4 directors are to be elected at the Annual Meeting, the Record Holders will designate which of the Nominees will be placed in nomination. In any of those events, the Record Holders at the earliest practicable time will give notice to the Corporation of any Additional Nominee, the Substitute or the Nominees who will be placed in nomination. Pursuant to the Bylaw Requirements: (i) certain information relating to the Record Holders is set forth in the body of this Notice and Annex A; (ii) certain information relating to each Nominee is set forth in the body of this Notice and Annex B; and (iii) the written consent of each Nominee to being named in the proxy statement as a nominee and to serve as a director of the Corporation if elected is attached as Annex C. Each nominee (other than Keith A. Meister) is also party to an agreement substantially in the form attached hereto as Annex D, pursuant to which the Record Holders have agreed to pay certain fees to the Nominees and to indemnify the Nominees with respect to certain costs incurred by the Nominees in connection with the proxy contest relating to the Annual Meeting (the "Nominee Agreement"). Each Nominee has an interest in the election of directors at the Annual Meeting: (i) indirectly through the beneficial ownership (if any) of Shares, as described on the applicable attachment to Annex A; and (ii) pursuant to the Nominee Agreement (if applicable to such Nominee). With respect to each Nominee, other than as disclosed in this Notice, (i) such Nominee is not, nor was he within the past year, a party to any contract, arrangement or understanding with any person with respect to any securities of the Corporation, including, but not limited to, joint ventures, loan or option arrangements, puts or calls, guarantees against loss or guarantees of profit, division of losses or profits, or the giving or withholding of proxies; and (ii) neither the Nominee nor any of his associates have any arrangement or understanding with any person with respect to (A) any future employment by the Corporation or its affiliates or (B) any future transactions to which the Corporation or any of its affiliates will or may be a party. With respect to each Nominee, the Nominee would not be barred from being considered independent under (i) the applicable standards of the New York Stock Exchange and (ii) the independence standards applicable to the Corporation under paragraph (a)(1) of Item 407 of Regulation S-K under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Annexes and all attachments thereto are hereby incorporated into and made a part of this Notice. Accordingly, all matters disclosed in any part of this Notice, including the Annexes and all attachments thereto should be deemed disclosed for all purposes of this Notice. All upper case terms appearing in the Annexes and all attachments thereto that are not defined in such Annexes and attachments shall have the meanings given in the body of this Notice or the Annexes, as applicable. The Record Holders have filed a Schedule 13D under the Exchange Act, with the SEC relating to the Corporation (the "Filing"). The Filing, all attachments thereto and all future amendments thereto, are hereby incorporated into and made a part of this Notice (but only to the extent that the information disclosed therein constitutes information regarding the Record Holders that is required to be set forth in this Notice pursuant to the Bylaw Requirements). Accordingly, all such matters disclosed in any part of the Filing, including all attachments thereto, should be deemed disclosed for all purposes of this Notice. The Filing, a copy of which was previously delivered to the Corporation pursuant to Rule 13d-7 under the Exchange Act, is available at no charge at the SEC's website at http://www.sec.gov. If the Corporation requests additional copies of the Filing, the Record Holders will provide them. Information is set forth herein as of the date hereof and neither the delivery of this Notice in accordance with the Bylaw Requirements nor any delivery by any Record Holder of additional information to the Corporation from and after the date hereof shall be deemed to constitute an admission by any Record Holder or any of their respective affiliates that such delivery is required or that each and every item of information is required by the Bylaws or as to the legality or enforceability of the Bylaws or any other matter, or a waiver by any Record Holder or any of their respective affiliates of their right to contest or challenge, in any way, the validity or enforceability of the Bylaws or any other matter (including actions taken by the Board in anticipation of or following receipt of this Notice). [Signature page follows] Very truly yours, ICAHN PARTNERS LP By: /s/ Edward E. Mattner --------------------- Name: Edward E. Mattner Title: Authorized Signatory ICAHN PARTNERS MASTER FUND LP By: /s/ Edward E. Mattner --------------------- Name: Edward E. Mattner Title: Authorized Signatory HIGH RIVER LIMITED PARTNERSHIP By: Hopper Investments LLC, its general partner By: Barberry Corp., its sole member By: /s/ Edward E. Mattner -------------------------- Name: Edward E. Mattner Title: Authorized Signatory [Signature page to Stockholders' Notice of Intent to Nominate Persons for Election as Directors of Temple-Inland Inc.] ANNEX A INFORMATION ABOUT THE RECORD HOLDERS PURSUANT TO ARTICLE III, SECTION 3 OF THE BYLAWS
SECURITY OWNERSHIP OF RECORD HOLDERS (1) Title of (2) Name of (3) Amount and Nature of (4) Percent of Class (2) Beneficial of Beneficial Class (5) Owner(3) Ownership (4) - ----------------- ---------------- --------------------------- ----------------- Common Stock High River 1,440,387 1.35% - ----------------- ---------------- --------------------------- ----------------- Common Stock Icahn Master 3,285,356 3.07% - ----------------- ---------------- --------------------------- ----------------- Common Stock Icahn Partners 2,476,196 2.31%
BENEFICIAL OWNERSHIP Barberry Corp., a Delaware corporation ("Barberry"), is the sole member of Hopper Investments LLC, a Delaware limited liability company ("Hopper"), which is the general partner of High River. CCI Offshore Corp., a Delaware corporation ("CCI Offshore"), is the General partner of Icahn Offshore LP, a Delaware limited partnership ("Icahn Offshore"), which is the general partner of Icahn Master. CCI Onshore Corp., a Delaware corporation ("CCI Onshore"), is the general partner of Icahn Onshore LP, a Delaware limited partnership ("Icahn Onshore"), which is the general partner of Icahn Partners. Each of Barberry, CCI Offshore and CCI Onshore is 100 percent owned by Carl C. Icahn. As such, Mr. Icahn is in a position indirectly to determine the investment and voting decisions made by each of the Record Holders. The Record Holders may be deemed to beneficially own, in the aggregate, 7,201,939 Shares(6), representing approximately 6.73%(7) of the Corporation's outstanding Shares (based upon the 106,984,201 Shares stated to be outstanding as of September 30, 2006 by the Corporation in the Corporation's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 7, 2006 (the "Form 10-Q")). - -------------- (2) Please note that: (i) in addition to Common Stock, Icahn Master also purchased certain call options on Shares as described on Attachment 1to this Annex A; and (ii) the Record Holders are or have been party to certain (A) cash settled derivative agreements relating to Shares, commonly known as Total Return Swaps, as described on Attachment 2 to this Annex A and (B) cash settled derivative agreements relating to certain debt securities of the Corporation, commonly known as Credit Default Swaps, as described on Attachment 3 to this Annex A. (3) Please note that each Record Holder listed above is the direct beneficial owner of Shares set forth under the heading "(3) Amount and Nature of Beneficial Ownership" and that indirect beneficial ownership of Shares is described in the text of this Annex A under the heading "Beneficial Ownership." (4) Please note that amounts of Shares set forth in this column: (i) include the respective amounts of Shares underlying call options purchased by the respective Record Holders, as described on Attachment 1 to this Annex A; and (ii) do not include the respective amounts of Shares referenced in the derivative agreements described on Attachment 2 to this Annex A. (5) Please note that percentages of ownership set forth in this column: (i) take into account the respective amounts of Shares underlying call options purchased by the respective Record Holders, as described on Attachment 1 to this Annex A; (ii) do not take into account the respective amounts of Shares referenced in the derivative agreements described on Attachment 2 to this Annex A; and (iii) were calculated based on the amount of Shares stated to be outstanding in the Form 10-Q. (6) Please note this amount of Shares: (i) includes the aggregate amount of Shares underlying call options described on Attachment 1 to this Annex A; and (ii) does not include the aggregate amount of Shares referenced in the derivative agreements described on Attachment 2 to this Annex A. (7) Please note this percentage of ownership: (i) takes into account the aggregate amount of Shares underlying call options described on Attachment 1 to this Annex A; and (ii) does not take into account the aggregate amount of Shares referenced in the derivative agreements described on Attachment 2 to this Annex A. High River has sole voting power and sole dispositive power with regard to 1,440,387 Shares(8). Each of Hopper, Barberry and Carl C. Icahn has shared voting power and shared dispositive power with regard to such Shares. Icahn Master has sole voting power and sole dispositive power with regard to 3,285,356 Shares(9). Each of Icahn Offshore, CCI Offshore and Carl C. Icahn has shared voting power and shared dispositive power with regard to such Shares. Icahn Partners has sole voting power and sole dispositive power with regard to 2,476,196 Shares(10). Each of Icahn Onshore, CCI Onshore and Carl C. Icahn has shared voting power and shared dispositive power with regard to such Shares. Each of Hopper, Barberry and Mr. Icahn, by virtue of their relationships to High River, may be deemed to indirectly beneficially own the Shares which High River directly beneficially owns. Each of Icahn Offshore, CCI Offshore and Mr. Icahn, by virtue of their relationships to Icahn Master, may be deemed to indirectly beneficially own the Shares which Icahn Master directly beneficially owns. Each of Icahn Onshore, CCI Onshore and Mr. Icahn, by virtue of their relationships to Icahn Partners, may be deemed to indirectly beneficially own the Shares which Icahn Partners directly beneficially owns. TWO YEARS SUMMARY TABLES The following tables indicate the date of each purchase and sale of Shares by Mr. Icahn and his affiliates within the past two years, and the number of shares in each such purchase or sale.(11) - ----------------- (8) Please note this amount of Shares does not include Shares referenced in the derivative agreements described on Attachment 2 to this Annex A to which High River is a party. (9) Please note this amount of Shares: (i) includes Shares underlying call options purchased by Icahn Master as described on Attachment 1to this Annex A; and (ii) does not include Shares referenced in the derivative agreements described on Attachment 2 to this Annex A to which Icahn Master is a party. (10) Please note this amount of Shares does not include Shares referenced in the derivative agreements described on Attachment 2 to this Annex A to which Icahn Partners is a party. (11) Please refer to Attachment 1 to this Annex A for a description of certain call options on Shares purchased by Icahn Master. Please refer to Attachment 2 to this Annex A for a description of certain cash settled derivative agreements relating to Shares entered into by the respective Record Holders. Please refer to Attachment 3 to this Annex A for a description of certain cash settled derivative agreements relating to certain debt securities of the Corporation entered into by the respective Record Holders. HIGH RIVER PURCHASES - --------------------
No. of Shares Name Date Purchased - ---- ---- --------- High River 5/10/2005 84,596 - ------------------- ---------------- ------------------- High River 5/11/2005 42,000 - ------------------- ---------------- ------------------- High River 5/12/2005 137,150 - ------------------- ---------------- ------------------- High River 5/13/2005 98,200 - ------------------- ---------------- ------------------- High River 5/16/2005 12,100 - ------------------- ---------------- ------------------- High River 5/17/2005 24,160 - ------------------- ---------------- ------------------- High River 5/19/2005 64,080 - ------------------- ---------------- ------------------- High River 5/20/2005 10,020 - ------------------- ---------------- ------------------- High River 5/24/2005 120,000 - ------------------- ---------------- ------------------- High River 5/25/2005 95,400 - ------------------- ---------------- ------------------- High River 5/26/2005 16,300 - ------------------- ---------------- ------------------- High River 5/27/2005 38,460 - ------------------- ---------------- ------------------- High River 6/1/2005 53,100 - ------------------- ---------------- ------------------- High River 6/2/2005 8,260 - ------------------- ---------------- ------------------- High River 6/3/2005 4,300 - ------------------- ---------------- ------------------- High River 6/6/2005 1,200 - ------------------- ---------------- ------------------- High River 6/9/2005 3,140 - ------------------- ---------------- ------------------- High River 6/23/2005 7,780 - ------------------- ---------------- ------------------- High River 6/24/2005 27,020 - ------------------- ---------------- ------------------- High River 6/27/2005 38,760 - ------------------- ---------------- ------------------- High River 7/5/2005 3,900 - ------------------- ---------------- ------------------- High River 7/6/2005 9,800 - ------------------- ---------------- ------------------- High River 7/7/2005 13,200 - ------------------- ---------------- ------------------- High River 8/23/2005 86,700 - ------------------- ---------------- ------------------- High River 10/12/2005 380 - ------------------- ---------------- ------------------- High River 10/13/2005 4,620 - ------------------- ---------------- ------------------- High River 10/27/2005 20,000 - ------------------- ---------------- ------------------- High River 10/28/2005 10,200 - ------------------- ---------------- ------------------- High River 10/31/2005 26,600 - ------------------- ---------------- ------------------- High River 11/1/2005 18,300 - ------------------- ---------------- ------------------- High River 11/4/2005 10,000 - ------------------- ---------------- ------------------- High River 11/9/2005 23,840 - ------------------- ---------------- ------------------- High River 11/6/2006 40,000 - ------------------- ---------------- ------------------- High River 11/7/2006 36,000 - ------------------- ---------------- ------------------- High River 11/8/2006 20,760 - ------------------- ---------------- ------------------- High River 11/9/2006 20,000 - ------------------- ---------------- ------------------- High River 11/10/2006 40,000 - ------------------- ---------------- ------------------- High River 11/13/2006 40,000 - ------------------- ---------------- ------------------- High River 11/15/2006 83,840 - ------------------- ---------------- ------------------- High River 11/16/2006 40,000 - ------------------- ---------------- ------------------- High River 11/17/2006 45,240 - ------------------- ---------------- ------------------- High River 11/20/2006 60,000 - ------------------- ---------------- ------------------- High River 11/21/2006 36,400 - ------------------- ---------------- ------------------- High River 11/22/2006 28,800 - ------------------- ---------------- ------------------- High River 11/24/2006 10,620 - ------------------- ---------------- ------------------- High River 11/27/2006 72,660 - ------------------- ---------------- ------------------- High River 11/28/2006 100,000 - ------------------- ---------------- ------------------- High River 11/29/2006 80,000 - ------------------- ---------------- ------------------- High River 11/30/2006 34,000 - ------------------- ---------------- ------------------- High River 12/1/2006 27,160 - ------------------- ---------------- ------------------- High River 12/5/2006 54,000 - ------------------- ---------------- ------------------- High River 12/6/2006 24,700 - ------------------- ---------------- ------------------- High River 12/7/2006 20,000 - ------------------- ---------------- ------------------- High River 12/8/2006 920 - ------------------- ---------------- ------------------- High River 12/11/2006 2,860 - ------------------- ---------------- ------------------- High River 12/12/2006 33,000 - ------------------- ---------------- ------------------- High River 12/13/2006 24,000 - ------------------- ---------------- ------------------- High River 12/14/2006 44,500 - ------------------- ---------------- ------------------- High River 12/18/2006 5,000 - ------------------- ---------------- ------------------- High River 12/19/2006 20,000 - ------------------- ---------------- ------------------- High River 12/21/2006 15,540 - ------------------- ---------------- ------------------- High River 1/12/2007 35,216 - ------------------- ---------------- ------------------- High River 1/16/2007 25,220 - ------------------- ---------------- ------------------- High River 1/17/2007 5,203 - ------------------- ---------------- ------------------- High River 1/18/2007 134,898 - ------------------- ---------------- ------------------- High River 1/19/2007 56,050 - ------------------- ---------------- ------------------- High River 1/22/2007 123,800
Part of the purchase price of Shares purchased by High River was obtained through margin borrowing. Shares purchased by High River are maintained in a margin account that includes positions in securities in addition to Shares. The indebtedness of the margin account as of the date hereof is approximately $306,741,430. HIGH RIVER SALES - ----------------
Name Date No. of Shares Sold - ---- ---- ------------------ High River 12/1/2005 28,800 - ------------------- ---------------- ------------------- High River 12/2/2005 28,600 - ------------------- ---------------- ------------------- High River 12/5/2005 12,600 - ------------------- ---------------- ------------------- High River 12/6/2005 40,000 - ------------------- ---------------- ------------------- High River 12/7/2005 26,680 - ------------------- ---------------- ------------------- High River 12/8/2005 42,380 - ------------------- ---------------- ------------------- High River 12/9/2005 12,340 - ------------------- ---------------- ------------------- High River 12/12/2005 17,940 - ------------------- ---------------- ------------------- High River 12/13/2005 28,060 - ------------------- ---------------- ------------------- High River 12/14/2005 11,620 - ------------------- ---------------- ------------------- High River 12/15/2005 37,480 - ------------------- ---------------- ------------------- High River 12/16/2005 12,700 - ------------------- ---------------- ------------------- High River 12/19/2005 20,440 - ------------------- ---------------- ------------------- High River 12/20/2005 15,440 - ------------------- ---------------- ------------------- High River 12/21/2005 27,040 - ------------------- ---------------- ------------------- High River 12/22/2005 18,980 - ------------------- ---------------- ------------------- High River 12/23/2005 11,360 - ------------------- ---------------- ------------------- High River 12/27/2005 6,000 - ------------------- ---------------- ------------------- High River 12/28/2005 20,000 - ------------------- ---------------- ------------------- High River 12/29/2005 19,380 - ------------------- ---------------- ------------------- High River 12/30/2005 11,260 - ------------------- ---------------- ------------------- High River 1/3/2006 26,031 - ------------------- ---------------- ------------------- High River 1/4/2006 36,760 - ------------------- ---------------- ------------------- High River 1/5/2006 8,840 - ------------------- ---------------- ------------------- High River 1/6/2006 5,860 - ------------------- ---------------- ------------------- High River 1/9/2006 10,560 - ------------------- ---------------- ------------------ High River 1/10/2006 26,820 - ------------------- ---------------- ------------------- High River 1/11/2006 24,000 - ------------------- ---------------- ------------------- High River 1/12/2006 16,960 - ------------------- ---------------- ------------------- High River 1/13/2006 9,780 - ------------------- ---------------- ------------------- High River 1/17/2006 11,300 - ------------------- ---------------- ------------------- High River 1/18/2006 10,280 - ------------------- ---------------- ------------------- High River 1/19/2006 23,540 - ------------------- ---------------- ------------------- High River 1/20/2006 4,080 - ------------------- ---------------- ------------------- High River 1/23/2006 52,480 - ------------------- ---------------- ------------------- High River 1/24/2006 28,720 - ------------------- ---------------- ------------------- High River 1/25/2006 22,180 - ------------------- ---------------- ------------------- High River 1/26/2006 19,100 - ------------------- ---------------- ------------------- High River 1/27/2006 4,560 - ------------------- ---------------- ------------------- High River 1/31/2006 14,940 - ------------------- ---------------- ------------------- High River 2/1/2006 30,180 - ------------------- ---------------- ------------------- High River 2/2/2006 7,760 - ------------------- ---------------- ------------------- High River 2/3/2006 60 - ------------------- ---------------- ------------------- High River 2/6/2006 12,300 - ------------------- ---------------- ------------------- High River 2/7/2006 6,060 - ------------------- ---------------- ------------------- High River 2/8/2006 8,100 - ------------------- ---------------- ------------------- High River 2/9/2006 19,860 - ------------------- ---------------- ------------------- High River 2/10/2006 34,540 - ------------------- ---------------- ------------------- High River 2/13/2006 53,900 - ------------------- ---------------- ------------------- High River 2/14/2006 85,920 - ------------------- ---------------- ------------------- High River 2/15/2006 1,300 - ------------------- ---------------- ------------------- High River 2/17/2006 1,400 - ------------------- ---------------- ------------------- High River 2/21/2006 8,140 - ------------------- ---------------- ------------------- High River 2/22/2006 10,000 - ------------------- ---------------- ------------------- High River 2/23/2006 7,360 - ------------------- ---------------- ------------------- High River 2/24/2006 12,080 - ------------------- ---------------- ------------------- High River 2/27/2006 8,715
ICAHN PARTNERS PURCHASES - ------------------------
Name Date No. of Shares Purchsed - ---- ---- ---------------------- Icahn Partners 2/17/2005 58,555 - ---------------------- ----------------- ------------------- 2:1 SPLIT ON 4/1/05 - ---------------------- ----------------- ------------------- Icahn Partners 5/10/2005 169,193 - ---------------------- ----------------- ------------------- Icahn Partners 5/11/2005 84,000 - ---------------------- ----------------- ------------------- Icahn Partners 5/12/2005 274,300 - ---------------------- ----------------- ------------------- Icahn Partners 5/13/2005 196,400 - ---------------------- ----------------- ------------------- Icahn Partners 5/16/2005 24,200 - ---------------------- ----------------- ------------------- Icahn Partners 5/17/2005 48,320 - ---------------------- ----------------- ------------------- Icahn Partners 5/19/2005 128,160 - ---------------------- ----------------- ------------------- Icahn Partners 5/20/2005 20,040 - ---------------------- ----------------- ------------------- Icahn Partners 5/24/2005 235,200 - ---------------------- ----------------- ------------------- Icahn Partners 5/25/2005 186,984 - ---------------------- ----------------- ------------------- Icahn Partners 5/26/2005 31,948 - ---------------------- ----------------- ------------------- Icahn Partners 5/27/2005 75,382 - ---------------------- ----------------- ------------------- Icahn Partners 6/1/2005 104,076 - ---------------------- ----------------- ------------------- Icahn Partners 6/2/2005 16,190 - ---------------------- ----------------- ------------------- Icahn Partners 6/3/2005 8,428 - ---------------------- ----------------- ------------------- Icahn Partners 6/6/2005 2,352 - ---------------------- ----------------- ------------------- Icahn Partners 6/9/2005 6,154 - ---------------------- ----------------- ------------------- Icahn Partners 6/23/2005 15,249 - ---------------------- ----------------- ------------------- Icahn Partners 6/24/2005 52,959 - ---------------------- ----------------- ------------------- Icahn Partners 6/27/2005 75,970 - ---------------------- ----------------- ------------------- Icahn Partners 7/5/2005 7,644 - ---------------------- ----------------- ------------------- Icahn Partners 7/6/2005 18,816 - ---------------------- ----------------- ------------------- Icahn Partners 7/7/2005 25,344 - ---------------------- ----------------- ------------------- Icahn Partners 8/23/2005 166,464 - ---------------------- ----------------- ------------------- Icahn Partners 10/12/2005 669 - ---------------------- ----------------- ------------------- Icahn Partners 10/13/2005 8,131 - ---------------------- ----------------- ------------------- Icahn Partners 10/27/2005 35,200 - ---------------------- ----------------- ------------------- Icahn Partners 10/28/2005 17,952 - ---------------------- ----------------- ------------------- Icahn Partners 10/31/2005 46,816 - ---------------------- ----------------- ------------------- Icahn Partners 11/6/2006 68,648 - ---------------------- ----------------- ------------------- Icahn Partners 11/7/2006 61,784 - ---------------------- ----------------- ------------------- Icahn Partners 11/8/2006 35,629 - ---------------------- ----------------- ------------------- Icahn Partners 11/9/2006 34,324 - ---------------------- ----------------- ------------------- Icahn Partners 11/10/2006 68,648 - ---------------------- ----------------- ------------------- Icahn Partners 11/13/2006 68,649 - ---------------------- ----------------- ------------------- Icahn Partners 11/15/2006 143,887 - ---------------------- ----------------- ------------------- Icahn Partners 11/16/2006 68,648 - ---------------------- ----------------- ------------------- Icahn Partners 11/17/2006 77,642 - ---------------------- ----------------- ------------------- Icahn Partners 11/20/2006 102,973 - ---------------------- ----------------- ------------------- Icahn Partners 11/21/2006 62,470 - ---------------------- ----------------- ------------------- Icahn Partners 11/22/2006 49,427 - ---------------------- ----------------- ------------------- Icahn Partners 11/24/2006 18,226 - ---------------------- ----------------- ------------------- Icahn Partners 11/27/2006 124,700 - ---------------------- ----------------- ------------------- Icahn Partners 11/28/2006 171,621 - ---------------------- ----------------- ------------------- Icahn Partners 11/29/2006 137,297 - ---------------------- ----------------- ------------------- Icahn Partners 11/30/2006 58,351 - ---------------------- ----------------- ------------------- Icahn Partners 12/1/2006 44,318 - ---------------------- ----------------- ------------------- Icahn Partners 12/5/2006 92,524 - ---------------------- ----------------- ------------------- Icahn Partners 12/6/2006 42,321 - ---------------------- ----------------- ------------------- Icahn Partners 12/7/2006 34,268 - ---------------------- ----------------- ------------------- Icahn Partners 12/8/2006 1,576 - ---------------------- ----------------- ------------------- Icahn Partners 12/11/2006 4,900 - ---------------------- ----------------- ------------------- Icahn Partners 12/12/2006 56,542 - ---------------------- ----------------- ------------------- Icahn Partners 12/13/2006 41,122 - ---------------------- ----------------- ------------------- Icahn Partners 12/14/2006 75,071 - ---------------------- ----------------- ------------------- Icahn Partners 12/18/2006 8,561 - ---------------------- ----------------- ------------------- Icahn Partners 12/19/2006 34,245 - ---------------------- ----------------- ------------------- Icahn Partners 12/21/2006 26,609 - ---------------------- ----------------- ------------------- Icahn Partners 1/12/2007 60,864 - ---------------------- ----------------- ------------------- Icahn Partners 1/16/2007 42,880 - ---------------------- ----------------- ------------------- Icahn Partners 1/17/2007 8,868 - ---------------------- ----------------- ------------------- Icahn Partners 1/18/2007 234,830 - ---------------------- ----------------- ------------------- Icahn Partners 1/19/2007 97,573 - ---------------------- ----------------- ------------------- Icahn Partners 1/22/2007 216,200
ICAHN PARTNERS SALES - --------------------
Name Date No. of Shares Sold - ---- ---- ------------------ Icahn Partners 2/14/2005 55,200 - ---------------------- ----------------- ------------------ Icahn Partners 2/15/2005 86,160 - ---------------------- ----------------- ------------------ Icahn Partners 2/16/2005 14,400 - ---------------------- ----------------- ------------------ Icahn Partners 2/18/2005 550,820 - ---------------------- ----------------- ------------------ Icahn Partners 2/22/2005 52,185 - ---------------------- ----------------- ------------------ Icahn Partners 3/24/2005 39,500 - ---------------------- ----------------- ------------------ 2:1 SPLIT ON 4/1/05 - ---------------------- ----------------- ------------------ Icahn Partners 12/1/2005 53,860 - ---------------------- ----------------- ------------------ Icahn Partners 12/2/2005 53,486 - ---------------------- ----------------- ------------------ Icahn Partners 12/5/2005 23,688 - ---------------------- ----------------- ------------------ Icahn Partners 12/6/2005 74,806 - ---------------------- ----------------- ------------------ Icahn Partners 12/7/2005 49,896 - ---------------------- ----------------- ------------------ Icahn Partners 12/8/2005 79,257 - ---------------------- ----------------- ------------------ Icahn Partners 12/9/2005 23,078 - ---------------------- ----------------- ------------------ Icahn Partners 12/12/2005 33,551 - ---------------------- ----------------- ------------------ Icahn Partners 12/13/2005 52,473 - ---------------------- ----------------- ------------------ Icahn Partners 12/14/2005 21,730 - ---------------------- ----------------- ------------------ Icahn Partners 12/15/2005 70,088 - ---------------------- ----------------- ------------------ Icahn Partners 12/16/2005 23,749 - ---------------------- ----------------- ------------------ Icahn Partners 12/19/2005 38,223 - ---------------------- ----------------- ------------------ Icahn Partners 12/20/2005 28,873 - ---------------------- ----------------- ------------------ Icahn Partners 12/21/2005 50,565 - ---------------------- ----------------- ------------------ Icahn Partners 12/22/2005 35,493 - ---------------------- ----------------- ------------------ Icahn Partners 12/23/2005 21,243 - ---------------------- ----------------- ------------------ Icahn Partners 12/27/2005 11,220 - ---------------------- ----------------- ------------------ Icahn Partners 12/28/2005 37,400 - ---------------------- ----------------- ------------------ Icahn Partners 12/29/2005 36,241 - ---------------------- ----------------- ------------------ Icahn Partners 12/30/2005 21,056 - ---------------------- ----------------- ------------------ Icahn Partners 1/3/2006 48,677 - ---------------------- ----------------- ------------------ Icahn Partners 1/4/2006 68,742 - ---------------------- ----------------- ------------------ Icahn Partners 1/5/2006 16,531 - ---------------------- ----------------- ------------------ Icahn Partners 1/6/2006 10,958 - ---------------------- ----------------- ------------------ Icahn Partners 1/9/2006 19,747 - ---------------------- ----------------- ------------------ Icahn Partners 1/10/2006 50,154 - ---------------------- ----------------- ------------------ Icahn Partners 1/11/2006 44,880 - ---------------------- ----------------- ------------------ Icahn Partners 1/12/2006 31,715 - ---------------------- ----------------- ------------------ Icahn Partners 1/13/2006 18,289 - ---------------------- ----------------- ------------------ Icahn Partners 1/17/2006 21,131 - ---------------------- ----------------- ------------------ Icahn Partners 1/18/2006 19,224 - ---------------------- ----------------- ------------------ Icahn Partners 1/19/2006 44,020 - ---------------------- ----------------- ------------------ Icahn Partners 1/20/2006 7,630 - ---------------------- ----------------- ------------------ Icahn Partners 1/23/2006 98,139 - ---------------------- ----------------- ------------------ Icahn Partners 1/24/2006 53,707 - ---------------------- ----------------- ------------------ Icahn Partners 1/25/2006 41,477 - ---------------------- ----------------- ------------------ Icahn Partners 1/26/2006 35,717 - ---------------------- ----------------- ------------------ Icahn Partners 1/27/2006 8,527 - ---------------------- ----------------- ------------------ Icahn Partners 1/31/2006 27,938 - ---------------------- ----------------- ------------------ Icahn Partners 2/1/2006 56,437 - ---------------------- ----------------- ------------------ Icahn Partners 2/2/2006 14,511 - ---------------------- ----------------- ------------------ Icahn Partners 2/3/2006 112 - ---------------------- ----------------- ------------------ Icahn Partners 2/6/2006 23,001 - ---------------------- ----------------- ------------------ Icahn Partners 2/7/2006 11,332 - ---------------------- ----------------- ------------------ Icahn Partners 2/8/2006 15,147 - ---------------------- ----------------- ------------------ Icahn Partners 2/9/2006 37,139 - ---------------------- ----------------- ------------------ Icahn Partners 2/10/2006 64,591 - ---------------------- ----------------- ------------------ Icahn Partners 2/13/2006 100,795 - ---------------------- ----------------- ------------------ Icahn Partners 2/14/2006 160,673 - ---------------------- ----------------- ------------------ Icahn Partners 2/15/2006 2,431 - ---------------------- ----------------- ------------------ Icahn Partners 2/17/2006 2,618 - ---------------------- ----------------- ------------------ Icahn Partners 2/21/2006 15,222 - ---------------------- ----------------- ------------------ Icahn Partners 2/22/2006 18,700 - ---------------------- ----------------- ------------------ Icahn Partners 2/23/2006 13,763 - ---------------------- ----------------- ------------------ Icahn Partners 2/24/2006 22,590 - ---------------------- ----------------- ------------------ Icahn Partners 2/27/2006 16,300
ICAHN MASTER PURCHASES - ----------------------
No. of Shares Name Date Purchased - ---- ---- --------- Icahn Master 2/17/2005 60,945 - --------------------- ---------------- ------------------- 2:1 SPLIT ON 4/1/05 - --------------------- ---------------- ------------------- Icahn Master 5/10/2005 169,192 - --------------------- ---------------- ------------------- Icahn Master 5/11/2005 84,000 - --------------------- ---------------- ------------------- Icahn Master 5/12/2005 274,300 - --------------------- ---------------- ------------------- Icahn Master 5/13/2005 196,400 - --------------------- ---------------- ------------------- Icahn Master 5/16/2005 24,200 - --------------------- ---------------- ------------------- Icahn Master 5/17/2005 48,320 - --------------------- ---------------- ------------------- Icahn Master 5/19/2005 128,160 - --------------------- ---------------- ------------------- Icahn Master 5/20/2005 20,040 - --------------------- ---------------- ------------------- Icahn Master 5/24/2005 244,800 - --------------------- ---------------- ------------------- Icahn Master 5/25/2005 194,616 - --------------------- ---------------- ------------------- Icahn Master 5/26/2005 33,252 - --------------------- ---------------- ------------------- Icahn Master 5/27/2005 78,458 - --------------------- ---------------- ------------------- Icahn Master 6/1/2005 108,324 - --------------------- ---------------- ------------------- Icahn Master 6/2/2005 16,850 - --------------------- ---------------- ------------------- Icahn Master 6/3/2005 8,772 - --------------------- ---------------- ------------------- Icahn Master 6/6/2005 2,448 - --------------------- ---------------- ------------------- Icahn Master 6/9/2005 6,406 - --------------------- ---------------- ------------------- Icahn Master 6/23/2005 15,871 - --------------------- ---------------- ------------------- Icahn Master 6/24/2005 55,121 - --------------------- ---------------- ------------------- Icahn Master 6/27/2005 79,070 - --------------------- ---------------- ------------------- Icahn Master 7/5/2005 7,956 - --------------------- ---------------- ------------------- Icahn Master 7/6/2005 20,384 - --------------------- ---------------- ------------------- Icahn Master 7/7/2005 27,456 - --------------------- ---------------- ------------------- Icahn Master 8/23/2005 180,336 - --------------------- ---------------- ------------------- Icahn Master 10/12/2005 851 - --------------------- ---------------- ------------------- Icahn Master 10/13/2005 10,349 - --------------------- ---------------- ------------------- Icahn Master 10/27/2005 44,800 - --------------------- ---------------- ------------------- Icahn Master 10/28/2005 22,848 - --------------------- ---------------- ------------------- Icahn Master 10/31/2005 59,584 - --------------------- ---------------- ------------------- Icahn Master 11/1/2005 73,200 - --------------------- ---------------- ------------------- Icahn Master 11/4/2005 40,000 - --------------------- ---------------- ------------------- Icahn Master 11/9/2005 95,360 - --------------------- ---------------- ------------------- Icahn Master 11/6/2006 91,352 - --------------------- ---------------- ------------------- Icahn Master 11/7/2006 82,216 - --------------------- ---------------- ------------------- Icahn Master 11/8/2006 47,411 - --------------------- ---------------- ------------------- Icahn Master 11/9/2006 45,676 - --------------------- ---------------- ------------------- Icahn Master 11/10/2006 91,352 - --------------------- ---------------- ------------------- Icahn Master 11/13/2006 91,351 - --------------------- ---------------- ------------------- Icahn Master 11/15/2006 191,473 - --------------------- ---------------- ------------------- Icahn Master 11/16/2006 91,352 - --------------------- ---------------- ------------------- Icahn Master 11/17/2006 103,318 - --------------------- ---------------- ------------------- Icahn Master 11/20/2006 137,027 - --------------------- ---------------- ------------------- Icahn Master 11/21/2006 83,130 - --------------------- ---------------- ------------------- Icahn Master 11/22/2006 65,773 - --------------------- ---------------- ------------------- Icahn Master 11/24/2006 24,254 - --------------------- ---------------- ------------------- Icahn Master 11/27/2006 165,940 - --------------------- ---------------- ------------------- Icahn Master 11/28/2006 228,379 - --------------------- ---------------- ------------------- Icahn Master 11/29/2006 182,703 - --------------------- ---------------- ------------------- Icahn Master 11/30/2006 77,649 - --------------------- ---------------- ------------------- Icahn Master 12/1/2006 64,322 - --------------------- ---------------- ------------------- Icahn Master 12/5/2006 123,476 - --------------------- ---------------- ------------------- Icahn Master 12/6/2006 56,479 - --------------------- ---------------- ------------------- Icahn Master 12/7/2006 45,732 - --------------------- ---------------- ------------------- Icahn Master 12/8/2006 2,104 - --------------------- ---------------- ------------------- Icahn Master 12/11/2006 6,540 - --------------------- ---------------- ------------------- Icahn Master 12/12/2006 75,458 - --------------------- ---------------- ------------------- Icahn Master 12/13/2006 54,878 - --------------------- ---------------- ------------------- Icahn Master 12/14/2006 102,929 - --------------------- ---------------- ------------------- Icahn Master 12/18/2006 11,439 - --------------------- ---------------- ------------------- Icahn Master 12/19/2006 45,755 - --------------------- ---------------- ------------------- Icahn Master 12/21/2006 35,551
ICAHN MASTER SALES - ------------------
No. of Shares Name Date Sold - ---- ---- ---- Icahn Master 2/14/2005 59,800 - --------------------- -------------- ----------------- Icahn Master 2/15/2005 93,340 - --------------------- -------------- ----------------- Icahn Master 2/16/2005 15,600 - --------------------- -------------- ----------------- Icahn Master 2/18/2005 577,180 - --------------------- -------------- ----------------- Icahn Master 2/22/2005 54,315 - --------------------- -------------- ----------------- Icahn Master 3/24/2005 40,500 - --------------------- -------------- ----------------- 2:1 SPLIT ON 4/1/05 - --------------------- -------------- ----------------- Icahn Master 12/1/2005 61,340 - --------------------- -------------- ----------------- Icahn Master 12/2/2005 60,914 - --------------------- -------------- ----------------- Icahn Master 12/5/2005 26,712 - --------------------- -------------- ----------------- Icahn Master 12/6/2005 85,194 - --------------------- -------------- ----------------- Icahn Master 12/7/2005 56,824 - --------------------- -------------- ----------------- Icahn Master 12/8/2005 90,263 - --------------------- -------------- ----------------- Icahn Master 12/9/2005 26,282 - --------------------- -------------- ----------------- Icahn Master 12/12/2005 38,209 - --------------------- -------------- ----------------- Icahn Master 12/13/2005 59,767 - --------------------- -------------- ----------------- Icahn Master 12/14/2005 24,750 - --------------------- -------------- ----------------- Icahn Master 12/15/2005 79,832 - --------------------- -------------- ----------------- Icahn Master 12/16/2005 27,051 - --------------------- -------------- ----------------- Icahn Master 12/19/2005 43,537 - --------------------- -------------- ----------------- Icahn Master 12/20/2005 32,887 - --------------------- -------------- ----------------- Icahn Master 12/21/2005 57,595 - --------------------- -------------- ----------------- Icahn Master 12/22/2005 40,427 - --------------------- -------------- ----------------- Icahn Master 12/23/2005 24,197 - --------------------- -------------- ----------------- Icahn Master 12/27/2005 12,780 - --------------------- -------------- ----------------- Icahn Master 12/28/2005 42,600 - --------------------- -------------- ----------------- Icahn Master 12/29/2005 41,279 - --------------------- -------------- ----------------- Icahn Master 12/30/2005 23,984 - --------------------- -------------- ----------------- Icahn Master 1/3/2006 55,445 - --------------------- -------------- ----------------- Icahn Master 1/4/2006 78,298 - --------------------- -------------- ----------------- Icahn Master 1/5/2006 18,829 - --------------------- -------------- ----------------- Icahn Master 1/6/2006 12,482 - --------------------- -------------- ----------------- Icahn Master 1/9/2006 22,493 - --------------------- -------------- ----------------- Icahn Master 1/10/2006 57,126 - --------------------- -------------- ----------------- Icahn Master 1/11/2006 51,120 - --------------------- -------------- ----------------- Icahn Master 1/12/2006 36,125 - --------------------- -------------- ----------------- Icahn Master 1/13/2006 20,831 - --------------------- -------------- ----------------- Icahn Master 1/17/2006 24,069 - --------------------- -------------- ----------------- Icahn Master 1/18/2006 21,896 - --------------------- -------------- ----------------- Icahn Master 1/19/2006 50,140 - --------------------- -------------- ----------------- Icahn Master 1/20/2006 8,690 - --------------------- -------------- ----------------- Icahn Master 1/23/2006 111,781 - --------------------- -------------- ----------------- Icahn Master 1/24/2006 61,173 - --------------------- -------------- ----------------- Icahn Master 1/25/2006 47,243 - --------------------- -------------- ----------------- Icahn Master 1/26/2006 40,683 - --------------------- -------------- ----------------- Icahn Master 1/27/2006 9,713 - --------------------- -------------- ----------------- Icahn Master 1/31/2006 31,822 - --------------------- -------------- ----------------- Icahn Master 2/1/2006 64,283 - --------------------- -------------- ----------------- Icahn Master 2/2/2006 16,529 - --------------------- -------------- ----------------- Icahn Master 2/3/2006 128 - --------------------- -------------- ----------------- Icahn Master 2/6/2006 26,199 - --------------------- -------------- ----------------- Icahn Master 2/7/2006 12,908 - --------------------- -------------- ----------------- Icahn Master 2/8/2006 17,253 - --------------------- -------------- ----------------- Icahn Master 2/9/2006 42,301 - --------------------- -------------- ----------------- Icahn Master 2/10/2006 73,569 - --------------------- -------------- ----------------- Icahn Master 2/13/2006 114,805 - --------------------- -------------- ----------------- Icahn Master 2/14/2006 183,007 - --------------------- -------------- ----------------- Icahn Master 2/15/2006 2,769 - --------------------- -------------- ----------------- Icahn Master 2/17/2006 2,982 - --------------------- -------------- ----------------- Icahn Master 2/21/2006 17,338 - --------------------- -------------- ----------------- Icahn Master 2/22/2006 21,300 - --------------------- -------------- ----------------- Icahn Master 2/23/2006 15,677 - --------------------- -------------- ----------------- Icahn Master 2/24/2006 25,730 - --------------------- -------------- ----------------- Icahn Master 2/27/2006 18,563
ATTACHMENT 1 TO ANNEX A American call options purchased by Icahn Master, which were written by Morgan Stanley and have a $23.00 strike price, an expiration date of 4/20/07 and provide for a physical settlement (unless Icahn Master opts for a cash settlement), are further described in the chart set forth below. This chart contains information with respect to all option trades relating to the Shares by Mr. Icahn and his affiliates within the past two years.
Number of Shares Subject Option Trade Date to Option Premium ($) ---------- --------- ----------- 1/12/2007 80,000 1,856,928.00 - ---------------- ---------------- ----------------------- 1/16/2007 58,000 1,358,534.00 - ---------------- ---------------- ----------------------- 1/17/2007 11,945 280,142.50 - ---------------- ---------------- ----------------------- 1/18/2007 304,762 7,379,171.83 - ---------------- ---------------- ----------------------- 1/19/2007 126,630 3,063,470.95 - ---------------- ---------------- ----------------------- 1/22/2007 279,000 6,642,432.00
ATTACHMENT 2 TO ANNEX A The Record Holders have entered into a number of derivative agreements, commonly known as Total Return Swaps, with Morgan Stanley, which agreements provide that the profit to the Record Holders shall be based upon the increase in value of the Shares and the loss to the Record Holders shall be based upon the decrease in the value of the Shares, during the period from inception of the applicable agreement to its termination. The agreements provide that they settle in cash. In addition to the Shares which they beneficially own, as shown in Annex A above, the Record Holders currently have long economic exposure to an aggregate of 3,382,600 Shares through such agreements. These agreements do not give the Record Holders direct or indirect voting, investment or dispositive control over the Shares to which these agreements relate and, accordingly: (i) Shares referenced in such agreements are not included in the tables set forth above on Annex A; and (ii) the Record Holders disclaim any beneficial ownership in the Shares to which these agreements relate. The following tables indicate the date of each Total Return Swap trade (each representing the establishment of a long economic exposure position) by Mr. Icahn and his affiliates within the past two years, and the number of Shares referenced in each such trade. HIGH RIVER - ----------
No. of Shares Name Date Referenced - ---- ---- ---------- High River 12/22/2006 72,460 - ------------------- -------------- ------------------ High River 12/26/2006 960 - ------------------- -------------- ------------------ High River 1/3/2007 44,000 - ------------------- -------------- ------------------ High River 1/4/2007 103,160 - ------------------- -------------- ------------------ High River 1/5/2007 65,220 - ------------------- -------------- ------------------ High River 1/8/2007 70,000 - ------------------- -------------- ------------------ High River 1/9/2007 40,720 - ------------------- -------------- ------------------ High River 1/10/2007 100,000 - ------------------- -------------- ------------------ High River 1/11/2007 180,000
ICAHN PARTNERS - --------------
No. of Shares Name Date Referenced - ---- ---- ---------- Icahn Partners 12/22/2006 124,069 - ------------------ ----------------- ------------------ Icahn Partners 12/26/2006 1,644 - ------------------ ----------------- ------------------ Icahn Partners 1/3/2007 89,112 - ------------------ ----------------- ------------------ Icahn Partners 1/4/2007 178,235 - ------------------ ----------------- ------------------ Icahn Partners 1/5/2007 134,529 - ------------------ ----------------- ------------------ Icahn Partners 1/8/2007 121,845 - ------------------ ----------------- ------------------ Icahn Partners 1/9/2007 70,880 - ------------------ ----------------- ------------------ Icahn Partners 1/10/2007 174,065 - ------------------ ----------------- ------------------ Icahn Partners 1/11/2007 313,317
ICAHN MASTER - ------------
No. of Shares Name Date Referenced - ---- ---- ---------- Icahn Master 12/22/2006 165,771 - ---------------- -------------- ------------------ Icahn Master 12/26/2006 2,196 - ---------------- -------------- ------------------ Icahn Master 1/3/2007 86,888 - ---------------- -------------- ------------------ Icahn Master 1/4/2007 234,405 - ---------------- -------------- ------------------ Icahn Master 1/5/2007 126,351 - ---------------- -------------- ------------------ Icahn Master 1/8/2007 158,155 - ---------------- -------------- ------------------ Icahn Master 1/9/2007 92,000 - ---------------- -------------- ------------------ Icahn Master 1/10/2007 225,935 - ---------------- -------------- ------------------ Icahn Master 1/11/2007 406,683
ATTACHMENT 3 TO ANNEX A The Record Holders have entered into a number of derivative agreements, commonly known as Credit Default Swaps, with Morgan Stanley and Bear Stearns, which agreements provide that the profit or loss to the Record Holders shall be based upon the increase or decrease in value of the referenced debt obligation of the Corporation. All such agreements have been terminated. The following tables indicate the date and details of each Credit Default Swap trade by Mr. Icahn and his affiliates within the past two years. Credit Default Swap Transactions (Reference Obligation: 7.875% Senior Notes due 2012) HIGH RIVER - ----------
Name Date Trade Calculation Amount ---- ---- ----- ------------------ High River 8/5/2005 Buy protection $2,000,000 - ------------------- --------------- -------------------- ---------------------- High River 8/8/2005 Buy protection 2,000,000 - ------------------- --------------- -------------------- ---------------------- High River 8/10/2005 Buy protection 2,000,000 - ------------------- --------------- -------------------- ---------------------- High River 12/1/2005 Close *(4,000,000) - ------------------- --------------- -------------------- ---------------------- High River 2/15/2006 Close **(2,000,000)
ICAHN PARTNERS - --------------
Name Date Trade Calculation Amount ---- ---- ----- ------------------ Icahn Partners 8/5/2005 Buy protection $3,840,000 - ----------------- --------------- --------------------- -------------------- Icahn Partners 8/8/2005 Buy protection 3,840,000 - ----------------- --------------- --------------------- -------------------- Icahn Partners 8/10/2005 Buy protection 3,840,000 - ----------------- --------------- --------------------- -------------------- Icahn Partners 12/1/2005 Close *(7,680,000) - ----------------- --------------- --------------------- -------------------- Icahn Partners 2/15/2006 Close **(3,840,000)
ICAHN MASTER - ------------
Name Date Trade Calculation Amount ---- ---- ----- ------------------ Icahn Master 8/5/2005 Buy protection $4,160,000 - ---------------- ------------ ------------------ ---------------------- Icahn Master 8/8/2005 Buy protection 4,160,000 - ---------------- ------------ ------------------ ---------------------- Icahn Master 8/10/2005 Buy protection 4,160,000 - ---------------- ------------ ------------------ ---------------------- Icahn Master 12/1/2005 Close *(8,320,000) - ---------------- ------------ ------------------ ---------------------- Icahn Master 2/15/2006 Close **(4,160,000)
* Termination of 8/5/05 and 8/8/05 transactions ** Termination of 8/10/05 transaction ANNEX B Certain information about each Nominee is set forth in the attachments to this Annex B. ANNEX B ATTACHMENT 1 INFORMATION ABOUT NOMINEE PURSUANT TO ARTICLE III, SECTION 13 OF THE BYLAWS Name: Jose Maria Alapont Age: 56 Business Address: 26555 Northwestern Highway Southfield, MI 48033 Residence Address: 1772 Heron Ridge Drive, Bloomfield Hills, MI 48302 Mr. Alapont has, since June of 2005, served as chairman of the board of directors of Federal-Mogul Corporation ("FMO"), a global supplier of products to the automotive, light commercial, heavy-duty truck, off-highway, agricultural, marine, rail and industrial markets, as well as president and chief executive officer and a member of the board of FMO since March of 2005. FMO is currently restructuring its business under chapter 11 of the United States Bankruptcy Code. Entities controlled by Carl C. Icahn own a majority of FMO's unsecured bonds and, pursuant to FMO's proposed plan of reorganization (the "Plan"), will have an option to purchase shares of FMO from the FMO asbestos trust to be established pursuant to Section 524(g) of the Bankruptcy Code following the effective date of the Plan. If such option is exercised, the shares held by Icahn entities (including shares proposed to be distributed in respect of FMO's unsecured bonds) would constitute a majority of the equity of reorganized FMO. Prior to joining FMO, Mr. Alapont was chief executive officer and a member of the board of directors of IVECO, the commercial vehicle company of the Fiat Group. From 1997 to 2003, Mr. Alapont served in various key executive positions at Delphi Automotive Systems. From 1990 to 1997, Mr. Alapont served in several executive roles at Valeo, a global automotive supplier. Mr. Alapont began his automotive career in 1974 with Ford Motor Company and over the course of 15 years worked in different management positions - from engineer at Ford Spain to powertrain manager at Ford Europe. Mr. Alapont earned degrees in industrial engineering from the Technical School of Valencia and in philology from the University of Valencia, in Spain. ANNEX B ATTACHMENT 2 INFORMATION ABOUT NOMINEE PURSUANT TO ARTICLE III, SECTION 13 OF THE BYLAWS Name: Ambassador John R. Bolton Age: 58 Business Address: 1150 Seventeenth Street, NW Washington, DC 20036 Residence Address: 9107 Fernwood Road, Bethesda, MD 20817 Since January 30, 2007, Ambassador Bolton has been a director of Diamond Offshore Drilling, Inc., a NYSE-listed provider of contract drilling services to the energy industry. Ambassador Bolton also currently serves as a Senior Fellow at the American Enterprise Institute (AEI). His portfolio includes Foreign Policy and International Organizations. Ambassador Bolton served as the United States Permanent Representative to the United Nations from August 1, 2005 to December 9, 2006. From May 2001 to May 2005, Ambassador Bolton served as Under Secretary of State for Arms Control and International Security, also in the Bush Administration. Prior to this, Ambassador Bolton was Senior Vice President of the AEI. He supervised the AEI research program, financial oversight, dissemination of the AEI research and publications, public affairs and general management. Ambassador Bolton has spent many years of his career in public service. Previous positions he has held are Assistant Secretary for International Organization Affairs at the Department of State, 1989-1993; Assistant Attorney General, Department of Justice, 1985-1989; Assistant Administrator for Program and Policy Coordination, U.S. Agency for International Development, 1982-1983; General Counsel, U.S. Agency for International Development, 1981-1982. Ambassador Bolton is also an attorney. He was an associate at the Washington office of Covington & Burling, and then a member of the firm from 1983-1985, after public service at the U.S. Agency for International Development. Bolton graduated Phi Beta Kappa, summa cum laude from Yale College (1970), and received his J.D. from Yale Law School (1974), where he was editor of the Yale Law Journal. ANNEX B ATTACHMENT 3 INFORMATION ABOUT NOMINEE PURSUANT TO ARTICLE III, SECTION 13 OF THE BYLAWS Name: Keith A. Meister Age: 33 Business Address: 767 Fifth Avenue, 47th Floor New York, New York 10153 Residence Address: 525 W. 22nd Street, Apt. # 2A, New York, NY 10011 Since March 2006, Mr. Meister has served as Principal Executive Officer and Vice Chairman of the Board of American Property Investors, Inc. ("API"), the general partner of American Real Estate Partners, L.P. ("AREP"). Mr. Meister served as President of API from August 2003 until July 2005 and as Chief Executive Officer of API from August 2003 until March 2006. AREP is a NYSE-listed diversified holding company engaged in a variety of businesses that is majority-owned by various entities controlled by Carl C. Icahn. Mr. Meister also serves as a director and/or officer of various direct and indirect subsidiaries of AREP. Mr. Meister is also a Managing Director of Icahn Partners LP, Icahn Partners Master Fund LP and Icahn Partners Master Fund II LP, which are private investment funds controlled by Mr. Icahn. From March 2000 through 2001, Mr. Meister served as co-president of J Net Ventures, a venture capital fund that he co-founded, focused on investments in information technology and enterprise software businesses. From 1997 through 1999, Mr. Meister served as an investment professional at Northstar Capital Partners, an opportunistic real estate investment partnership. Prior to Northstar, Mr. Meister served as an investment analyst in the investment banking group at Lazard Freres. He also serves on the Boards of Directors of the following companies: XO Holdings, Inc., a telecommunications company that is majority-owned by various entities controlled by Mr. Icahn; American Railcar Industries, Inc., a company primarily engaged in the business of manufacturing covered hopper and tank railcars that is majority-owned by various entities controlled by Mr. Icahn; and BKF Capital Group, Inc., an investment management firm in which Mr. Icahn's entities are stockholders. Mr. Meister received an A.B. in government, cum laude, from Harvard College in 1995. In connection with his employment by Mr. Icahn and his affiliated companies, Mr. Meister, among other employees, has a participatory interest in the profits and fees derived by Mr. Icahn and/or his affiliated entities from Icahn Partners LP and Icahn Partners Master Fund LP (the "Funds"). Because only a portion of such profit interests are distributed and because of his other investments in the Funds, Mr. Meister also has capital accounts in the Funds. In the aggregate, Mr. Meister's profit interests and capital accounts in the Funds entitle him to less than 2% of the profits generated by the Funds. ANNEX B ATTACHMENT 4 INFORMATION ABOUT NOMINEE PURSUANT TO ARTICLE III, SECTION 13 OF THE BYLAWS Name: James J. Unger Age: 58 Business Address: 100 Clark Street St. Charles, Missouri 63301 Residence Address: 26 Baxter Lane, Chesterfield, MO 63017 Mr. Unger has served as President, Chief Executive Officer and director of American Railcar Industries, Inc. ("ARI") since March 1995. ARI is a NYSE-listed company of which Carl C. Icahn is a principal beneficial stockholder that is primarily engaged in the business of manufacturing covered hopper and tank railcars. Prior to joining ARI, he served as president of ACF Industries, Inc., a manufacturer of railcar components controlled by Mr. Icahn, from 1988 to 1995, as its senior vice president and chief financial officer from 1984 to 1988 and on its board of directors from August 1993 to March 2005. After he joined ARI in 1995, Mr. Unger simultaneously continued to serve as the vice chairman of ACF until March 2005. Mr. Unger has served as president of Ohio Castings, a joint venture in which ARI has a one-third interest, since June 2003. Mr. Unger has been on the board of directors of Aspen Resources Group, an oil and gas exploration company since May 2002. Mr. Unger participates in several industry organizations, including as an executive committee member for the Railway Supply Institute, Inc., or "RSI". He also is a board member of the American Railway Car Institute, a member of the project review committee for the RSI-AAR Railroad Tank Car Safety Research Test Project, a steering committee member of the RSI Committee on Tank Railcars, and a member of the National Freight and Transportation Association. Mr. Unger served as a member of the board of directors of Ranken Technical College from 1990 to 2002. Mr. Unger received a B.S. in accounting from the University of Missouri, Columbia and is a certified public accountant. ANNEX C The written consent of each Nominee to being named in the proxy statement as a nominee for election as a director of the Corporation and to serve as a director if elected is attached to this Annex C. If the Corporation requests original signed statements of consents, the Record Holders will provide them. CONSENT OF NOMINEE The undersigned hereby consents to being named as a nominee for election as a director of Temple-Inland Inc. (the "Company"), in the proxy statement to be filed with the Securities and Exchange Commission and distributed to stockholders of the Company by Icahn Partners LP ("Icahn Partners"), Icahn Partners Master Fund LP ("Icahn Master") and High River Limited Partnership ("High River" and together with Icahn Partners and Icahn Master, the "Record Holders") and in other materials in connection with the solicitation of proxies by the Record Holders from stockholders of the Company to be voted at the 2007 annual meeting of stockholders of the Company and any adjournment thereof, and further consents to serve as a director of the Company, if elected. Dated: February 14, 2007 /s/ Jose Maria Alapont - ---------------------- Name: Jose Maria Alapont CONSENT OF NOMINEE The undersigned hereby consents to being named as a nominee for election as a director of Temple-Inland Inc. (the "Company"), in the proxy statement to be filed with the Securities and Exchange Commission and distributed to stockholders of the Company by Icahn Partners LP ("Icahn Partners"), Icahn Partners Master Fund LP ("Icahn Master") and High River Limited Partnership ("High River" and together with Icahn Partners and Icahn Master, the "Record Holders") and in other materials in connection with the solicitation of proxies by the Record Holders from stockholders of the Company to be voted at the 2007 annual meeting of stockholders of the Company and any adjournment thereof, and further consents to serve as a director of the Company, if elected. Dated: February 14, 2007 /s/ John R. Bolton - ------------------ Name: John R. Bolton CONSENT OF NOMINEE The undersigned hereby consents to being named as a nominee for election as a director of Temple-Inland Inc. (the "Company"), in the proxy statement to be filed with the Securities and Exchange Commission and distributed to stockholders of the Company by Icahn Partners LP ("Icahn Partners"), Icahn Partners Master Fund LP ("Icahn Master") and High River Limited Partnership ("High River" and together with Icahn Partners and Icahn Master, the "Record Holders") and in other materials in connection with the solicitation of proxies by the Record Holders from stockholders of the Company to be voted at the 2007 annual meeting of stockholders of the Company and any adjournment thereof, and further consents to serve as a director of the Company, if elected. Dated: February 14, 2007 /s/ Keith A. Meister - -------------------- Name: Keith A. Meister CONSENT OF NOMINEE The undersigned hereby consents to being named as a nominee for election as a director of Temple-Inland Inc. (the "Company"), in the proxy statement to be filed with the Securities and Exchange Commission and distributed to stockholders of the Company by Icahn Partners LP ("Icahn Partners"), Icahn Partners Master Fund LP ("Icahn Master") and High River Limited Partnership ("High River" and together with Icahn Partners and Icahn Master, the "Record Holders") and in other materials in connection with the solicitation of proxies by the Record Holders from stockholders of the Company to be voted at the 2007 annual meeting of stockholders of the Company and any adjournment thereof, and further consents to serve as a director of the Company, if elected. Dated: February 14, 2007 /s/ James J. Unger - ------------------ Name: James J. Unger ANNEX D Attached to this Annex D is the form of agreement pursuant to which the Record Holders have agreed to pay certain fees to certain of the Nominees and to indemnify such Nominees with respect to certain costs incurred by such Nominees in connection with the proxy contest relating to the Annual Meeting. ICAHN PARTNERS LP ICAHN MASTER FUND LP HIGH RIVER LIMITED PARTNERSHIP February 14, 2007 [NOMINEE] Dear Mr. [___________]: This will confirm our understanding as follows: You agree that you are willing, should we so elect, to become a member of a slate of nominees (the "Slate") to stand for election as directors of Temple-Inland Inc. ("Temple-Inland") in connection with a proxy contest with management of Temple-Inland in respect of the election of directors of Temple-Inland at the 2007 Annual Meeting of Stockholders of Temple-Inland (the "Annual Meeting"), expected to be held in May 2007, or a special meeting of stockholders of Temple-Inland called for a similar purpose (the "Proxy Contest"). The undersigned agree to pay the costs of the Proxy Contest. In addition, upon our filing of a preliminary proxy statement with the SEC, which indicates that the undersigned intend to nominate you for election at the Annual Meeting, you will be paid $25,000 by the undersigned. You understand that, pursuant to the By-Laws of Temple-Inland, it may be difficult, if not impossible, to replace nominees who, such as yourself, have agreed to serve on the Slate and later change their minds and determine not to seek election. Accordingly, the Slate is relying upon your agreement to seek election. In that connection, you are being supplied with a questionnaire in which you will provide the undersigned with information necessary for the undersigned to make appropriate disclosure both to Temple-Inland and for use in creating the proxy material to be sent to stockholders of Temple-Inland and to be filed with the Securities and Exchange Commission. You have agreed that (i) you will immediately complete and sign the questionnaire and return it to Jesse Lynn, Counsel, Icahn Associates Corp., 767 Fifth Avenue, Suite 4700, New York, NY 10153, Tel: (212) 702-4331, Fax: (212) 688-1158, Email: jlynn@sfire.com, and (ii) your responses to the questions contained therein will be true and correct in all respects. In addition, you have agreed that, concurrently with your execution of this letter, you will execute the attached instrument directed to Temple-Inland informing Temple-Inland that you consent to being nominated by the undersigned for election as a director of Temple-Inland and, if elected, consent to serving as a director of Temple-Inland. Upon being notified that we have chosen you, we may forward that consent and your completed questionnaire (or summaries thereof) to Temple-Inland. The undersigned hereby agree that, so long as you actually serve on the Slate, the undersigned will defend, indemnify and hold you harmless from and against any and all losses, claims, damages, penalties, judgments, awards, liabilities, costs, expenses and disbursements (including, without limitation, reasonable attorneys' fees, costs, expenses and disbursements) incurred by you in the event that you become a party, or are threatened to be made a party, to any civil, criminal, administrative or arbitrative action, suit or proceeding, and any appeal thereof relating solely to your role as a nominee for director of Temple-Inland on the Slate. Your right of indemnification hereunder shall continue after the election has taken place but only for events which occur prior to such election and subsequent to the date hereof. Anything to the contrary herein notwithstanding, the undersigned is not indemnifying you for any action taken by you or on your behalf which occurs prior to the date hereof or subsequent to the Annual Meeting or such earlier time as you are no longer a nominee of the Slate for election to Temple-Inland's Board of Directors or for any actions taken by you as a director of Temple-Inland, if you are elected. Nothing herein shall be construed to provide you an indemnity: (i) in the event you are found to have engaged in a violation of any provision of state or federal law in connection with the Proxy Contest unless you demonstrate that your action was taken in good faith and in a manner you reasonably believed to be in or not opposed to the best interests of electing the Slate; or (ii) if you acted in a manner which constitutes gross negligence or willful misconduct. In the event that you shall make any claim for indemnification hereunder, you shall promptly notify the undersigned in the event of any third-party claims actually made against you or known by you to be threatened. In addition, with respect to any such claim, the undersigned shall be entitled to control your defense with counsel chosen by the undersigned. The undersigned shall not be responsible for any settlement of any claim against you covered by this indemnity without its prior written consent. However, the undersigned may not enter into any settlement of any such claim without your consent unless such settlement includes a release of you from any and all liability in respect of such claim. Each of us recognizes that should you be elected to the Board of Directors of Temple-Inland all of your activities and decisions as a director will be governed by applicable law and subject to your fiduciary duty to the stockholders of Temple-Inland and, as a result, that there is, and can be, no agreement between you and the undersigned which governs the decisions which you will make as a director of Temple-Inland. Should the foregoing agree with your understanding, please so indicate in the space provided below, whereupon this letter will become a binding agreement between us. Very truly yours, ICAHN PARTNERS LP By: _________________________ Name: Edward E. Mattner Its: Authorized Signatory ICAHN PARTNERS MASTER FUND LP By: _________________________ Name: Edward E. Mattner Its: Authorized Signatory HIGH RIVER LIMITED PARTNERSHIP By: Hopper Investments LLC, its general partner By: Barberry Corp., its sole member By: _________________________ Name: Edward E. Mattner Its: Authorized Signatory Agreed to and Accepted as of the date first above written: - -------------------------- Name: CONSENT OF NOMINEE The undersigned hereby consents to being named as a nominee for election as a director of Temple-Inland Inc. (the "Company"), in the proxy statement to be filed with the Securities and Exchange Commission and distributed to stockholders of the Company by Icahn Partners LP ("Icahn Partners"), Icahn Partners Master Fund LP ("Icahn Master") and High River Limited Partnership ("High River" and together with Icahn Partners and Icahn Master, the "Record Holders") and in other materials in connection with the solicitation of proxies by the Record Holders from stockholders of the Company to be voted at the 2007 annual meeting of stockholders of the Company and any adjournment thereof, and further consents to serve as a director of the Company, if elected. Dated: February 14, 2007 - ------------------------ Name: -----END PRIVACY-ENHANCED MESSAGE-----