No securities are beneficially owned.
Mr. Shoan is a managing director at Ontario Teachers' Pension Plan Board ("OTPP") and is a member of the board of directors of Traeger, Inc. (the "Issuer"). OTPP and its subsidiary, 2594868 Ontario Ltd., have filed a separate Form 3 reporting securities of the Issuer that they may be deemed to beneficially own. The President and Chief Executive Officer of OTPP has delegated to each of Mr. Shoan and Mr. Kevin Mansfield the authority to implement disposition decisions with respect to the shares of common stock that are held by or may be acquired by 2594868; however, approval of such decisions are made by senior personnel within the capital markets group of OTPP in accordance with internal portfolio guidelines. Voting decisions are made by OTPP in accordance with internal proxy voting guidelines. As such, each of Mr. Shoan and Mr. Mansfield expressly disclaims beneficial ownership of the shares of Common Stock that are held by or may be acquired by 2594868 or OTPP.