Martin S. Friedman - 29 Mar 2022 Form 4/A - Amendment Insider Report for Randolph Bancorp, Inc.

Footnote F1

Martin S Friedman ("Reporting Person") is the managing member of FJ Capital Management LLC ("FJ Capital"), which is the managing member of and investment adviser to Financial Opportunity Fund LLC ("FOF"), Financial Hybrid Opportunity Fund LLC ("FHOF"), and Financial Hybrid Opportunity SPV 1 LLC ("HSPV"), (FOF, FHOF and HSPV, collectively, the "Funds") and investment adviser to a separately managed account ("SMA"), each of which beneficially owns shares of common stock of the Issuer ("Shares). FOF holds 223,712 Shares, (ii) FHOF holds 136,909 Shares, (iii) HSPV holds 171,604 Shares, and (iv) the SMA holds 10,101 Shares, which, in the aggregate, beneficially own 542,326 or more than 10% of the Shares.

Footnote F2

FJ Capital sold (a) 114,138 Shares on behalf of FOF; and (b) 5,154 Shares on behalf of the SMA (together with the Shares sold on behalf of FOF, collectively, the "Disposed Shares"). As a consequence of the sale of the Disposed Shares, FJ Capital's aggregate beneficial ownership is 423,034 of the issued and outstanding Shares or less than 10% of the Shares.

Footnote F3

The Reporting Person, in his capacity as Managing Member of FJ Capital, has voting and dispositive power over the Shares held by the Funds and the SMA. Mr. Friedman disclaims beneficial ownership of the Shares reported herein, and this report shall not be deemed an admission of beneficial ownership of such Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.