On January 20, 2023, Driver Management Company LLC delivered a letter by email and mail to AmeriServ Financial, Inc.?s Chief Executive Officer, Jeffrey Stopko. In the letter, Driver Management stated that pursuant to 15 Pa. C.S. § 1508(b), Driver Management is hereby exercising its right to inspect certain books and records and demands to inspect documents.

Driver Management stated that the Corporation has 5 business days from recepit of this demand to reply substantively to this demand. Driver Management added that please advise the undersigned as promptly as practicable when and where the books and records covered by this demand would be made available to Driver Management. Driver Management stated that to the extent the Corporation wishes to provide Driver Management with copies of the books and records covered by this demand, Driver Management would bear the reasonable out of pocket costs incurred by the Corporation in copying and delivering those books and records to Driver Management.

In the absence of such prompt notice, Driver Management would assume that this demand complies in all respects with the requirements of 15 Pa. C.S. § 1508(b).