A WORD FROM THE FRONT OFFICE

To our valued bondholders, season-ticket members, the Greater Marlinsburg Civic Improvement Trust, and the four (4) holders of record of the Class B Founder Preference shares:

The Board of Directors of the Marlinsburg Hellbenders Baseball Club, Inc. (hereafter "the Club") is pleased to report that Q2 paid attendance figures have exceeded forecast by 4.1%, owing in no small part to the successful rollout of $1 Hot Dog Tuesdays and the Mid-Atlantic Bottling Co.'s renewed signage commitment along the right-field wall. EBITDA, while modest, remains favorable.

Prior to the certification of our half-year financials by Hench, Munger & Brindle, LLP, however, the Operations Committee has identified seven (7) Club-owned material assets presently unaccounted for, following the May 14th rain delay. Per Section IV.b of the Stakeholder Engagement Charter, members are kindly invited to participate in the reconciliation effort outlined in Exhibit B, below.

EXHIBIT A · Q2 PERFORMANCE FIGURES (UNAUDITED)

EXHIBIT B · ASSET RECONCILIATION ACTIVITY

Stakeholders are respectfully requested to assist in locating the following items within the aerial survey of Cyrus T. Marlin Memorial Field (rendered below). Click each item upon discovery. Reconciliation activity is non-binding and shall not constitute a fiduciary relationship between the participant and the Club.

1. General Manager Burdette's lucky bottle cap (Diet Rite, '88)
2. A spare rosin bag (1 of an inventory of 5)
3. The detached head of Hank the Hellbender (mascot, ©1981)
4. A foul ball autographed by P. "Two-Bag" Wozniak
5. The 1987 Pioneer League Pennant rally towel
6. One (1) misplaced grounds-crew rake
7. Treasurer Mavis Quill's tortoiseshell reading spectacles

RECONCILIATION STATUS · 0 / 7 items located.

EXHIBIT C · NOTES TO THE COMMUNIQUÉ

1. Reference to "the May 14th rain delay" pertains to the seven-hour weather event during which several Club-owned items were temporarily relocated by enthusiastic minors. The Club affirms no civil action shall be pursued.
2. The Club's projection for Q3 paid attendance reflects the introduction of Bring Your Cousin Night, scheduled for August 9th, and a planned reissue of the popular Bobblehead of the Skipper giveaway.
3. The Office of Franchise Operations wishes to thank P. Wozniak for resuming pre-game stretches following the early-season hamstring incident, and to wish a speedy recovery to bullpen catcher M. "Pudding" Fawcett.
4. The Price-to-Earnings ratio is not applicable. The Club is closely held by the Marlin Family Trust and the aforementioned four (4) Class B holders.
5. The phrase "Hellbenders" refers to a regionally beloved aquatic salamander and shall not be construed to imply ill will toward any party, salamander or otherwise.