www.logancapital.com Logan Capital Management, Inc. Performance Results: LCV Composite January 1, 1996 through March 31, 2016 Year YTD 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 Total Return Total Return Net of Fees Gross of Fees Russell 200 (%) (%) Value (%) 5.0% 5.2% 0.6% 4.0% 4.9% -3.4% 4.9% 5.7% 12.9% 22.3% 23.3% 32.1% 8.4% 9.2% 17.0% 18.7% 19.7% 1.1% 12.5% 13.5% 11.7% 8.5% 9.5% 14.6% -22.9% -22.3% -36.1% -0.6% 0.3% 0.2% 23.9% 24.8% 23.0% -0.4% 0.4% 4.6% 11.4% 12.1% 13.3% 19.2% 20.0% 26.8% -10.0% -9.4% -18.0% -0.8% -0.2% -8.8% 8.9% 9.6% 2.3% -4.5% -3.8% 10.9% 28.0% 29.0% 21.2% 37.6% 38.8% 35.5% 17.4% 18.6% 22.3% Composite Dispersion Composite Russell 200 Russell 1000 Composite 3- Assets in Russell Value 3-Yr Value 3-Yr Yr Sharpe Composite % of Firm Firm Assets 1000 Value Number of Gross of Fees 3-Yr Std Accounts (%) Dev (%) Std Dev (%) Std Dev (%) Ratio (%) ($millions) Assets ($millions) (%) 1.6% 51 0.3% 12.6% 11.5% 11.3% 0.8% $17.7 1.3% $1,383 -3.8% 53 1.0% 11.9% 10.6% 10.7% 0.9% $12.2 0.9% $1,402 13.5% 49 0.4% 9.3% 9.2% 9.2% 1.4% $14.6 0.8% $1,816 32.5% 52 0.3% 9.8% 12.4% 12.7% 1.8% $17.7 0.9% $2,061 17.5% 47 0.4% 12.6% 15.1% 15.5% 1.1% $9.7 0.5% $1,932 0.4% 46 0.3% 18.2% 20.1% 20.7% 0.8% $11.0 0.6% $1,873 15.5% 30 0.4% 19.8% 22.0% 23.2% -0.1% $5.8 0.3% $1,769 19.7% 23 0.3% 17.9% 20.1% 21.1% -0.4% $6.0 0.4% $1,539 -36.8% 24 0.6% 11.7% 14.5% 15.4% -0.4% $6.3 0.5% $1,240 -0.2% 34 0.3% 7.3% 8.1% 8.1% 0.5% $10.8 0.7% $1,658 22.2% 34 0.4% 6.8% 6.4% 6.7% 1.3% $10.6 0.8% $1,333 7.1% 41 0.3% 10.2% 9.3% 9.5% 0.8% $20.1 1.8% $1,123 16.5% 61 0.3% 15.0% 15.4% 14.8% 0.4% $32.7 3.1% $1,066 30.0% 83 0.5% 15.4% 16.6% 16.0% 0.1% $45.2 4.5% $1,006 -15.5% 70 0.3% 18.3% 17.6% 17.0% -0.2% $34.0 4.0% $861 -5.6% 71 0.4% 17.0% 15.1% 14.7% -0.2% $35.8 3.9% $912 7.0% 58 1.1% 18.7% 17.9% 17.3% 0.3% $28.2 2.7% $1,027 7.3% 95 0.8% 14.9% 16.6% 16.1% 1.0% $32.0 3.4% $873 15.6% 34 0.7% 11.9% 15.6% 15.1% 2.0% $13.0 1.8% $648 35.2% 19 0.6% N/A N/A N/A N/A $4.4 0.8% $512 21.6% 3 N.M. N/A N/A N/A N/A $0.5 0.2% $276 UMA Assets ^* $ 166 $ 207 $ 229 $ 115 $ 82 $ 21 $ 13 $ $ $ $ $ $ $ $ $ $ $ $ $ $ - Firm + UMA Assets^ $ 1,549 $ 1,609 $ 2,045 $ 2,176 $ 2,014 $ 1,894 $ 1,782 $ 1,539 $ 1,240 $ 1,658 $ 1,333 $ 1,123 $ 1,066 $ 1,006 $ 861 $ 912 $ 1,027 $ 873 $ 648 $ 512 $ 276 ^Information is supplemental to a fully GIPS compliant presentation N.M. - Information is not statistically meaningful due to an insufficient number of portfolios in the composite for the entire year. N/A - Data is not available for time period. The 3 year annualized ex-post standard deviations are not presented from 1996-1997 because 36 months of returns are not available. ^*UMA assets as of 2/29/16 Portfolio Performance Quarter-to-Date Year-to-Date 1 Year 3 Years 5 Years Total Return Net of Fees Total Return Gross of Fees Annualized Returns (as of 3/31/16) 5.0% 5.2% 5.0% 5.2% 8.3% 9.2% 8.6% 9.5% 11.0% 11.9% Russell 200 Value Russell 1000 Value 0.6% 0.6% -0.7% 9.2% 10.1% 1.6% 1.6% -1.5% 9.4% 10.3% 10 Years 7.4% 8.2% 5.1% 5.7% Since Inception † 8.6% 9.5% 7.6% 8.5% †Inception of 12/31/1995 Please reference the performance disclosure below. Logan Concentrated Value (LCV) Composite contains fully discretionary large cap value equity accounts, measured against the Russell 1000 Value and Russell 200 Value benchmarks. The Russell 1000 Value Index is an unmanaged index that measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth rates.

The Russell 200 Value Index is an unmanaged index that measures the performance of the largest 200 companies within the Russell 3000 Index with a less-than-average growth orientation. The benchmarks selected include the reinvestment of dividends and income, but do not reflect fees, brokerage commissions, withholding taxes, or other expenses of investing. These benchmarks are used for comparative purposes only and generally reflect the risk and investment style of the composite. The strategy invests in 10-12 very large cap stocks with strong balance sheets, strong cash flows and relatively high dividend yields.

ADR’s may be included in the portfolio (generally less than 20%). Turnover is typically 30-50% annually. Only accounts paying commission fees are included.

As of September 30, 2014 the minimum account size for the composite is $75,000. Prior to this date there was no minimum account size. Logan Capital Management, Inc. claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards.

Logan Capital Management, Inc. has been independently verified for the periods April 1, 1994 through September 30, 2015 by Ashland Partners & Company LLP. A copy of the verification report(s) is/are available upon request. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards.

Verification does not ensure the accuracy of any specific composite disclosure presentation. Logan Capital Management, Inc. is a privately owned registered investment adviser. The firm maintains a complete list and description of composites, which is available upon request. The U.S.

Dollar is the currency used to express performance. Returns are presented gross and net of management fees and include the reinvestment of all income. Gross of fee returns do not reflect the deduction of investment advisory fees.

Gross of fee returns have, however, been reduced by all actual trading expenses. Net of fee returns are calculated net of actual investment management fees & actual trading expenses. The annual composite dispersion presented is an asset-weighted standard deviation calculated for the accounts in the composite the entire year.

Additional information regarding the policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. Past performance is not indicative of future results. The investment management fee schedule for accounts over $10 million is as follows: 80 basis points on the first $25 million, 70 basis points on the next $25 million, 50 basis points on the next $25 million and 45 basis points on the $25 million thereafter. The investment advisory fees charged for accounts whose market value exceeds $100 million are negotiable.

Accounts under $10 million will be charged a flat 1.00% per annum. Actual investment advisory fees incurred by clients may vary. The Logan Concentrated Value (LCV) Commission Composite was created August 1, 2000. Performance presented prior to August 1, 2000 represents that of Berwind Investment Management, L.P. Six Coulter Avenue • Suite 2000 • Suburban Square • Ardmore, PA 19003 • 800.215.1100 • 610.642.7100 fax .