On November 19, 2019, Driver Management Company LLC issued a letter to shareholders First United Corporation regarding its upcoming nomination of 3 independent candidates, Michael J. Driscoll, Ethan C. Elzen, and Lisa Narrell-Mead for election to First United’s Board of Directors at the Company’s 2020 annual meeting of shareholders. In the letter, Driver Management detailed the case for urgent change at First United, highlights concern that the board’s stale composition, problematic corporate governance practices and unwavering opposition to a sale process put shareholders at risk, viewed that the upcoming election as a referendum on a board that continues to ignore large shareholders’ concerns and refuses to explore a sale process that can unlock significant value, identifies slate of 3 independent director candidates that Driver Management will seek shareholder support to elect at the 2020 annual meeting on the white proxy card. Driver Management also invited shareholders to visit www.RenovateMyBank.com to learn more about Driver’s case for change.