Green Equity Investors VII, L.P. - 21 Jun 2021 Form 4 Insider Report for CLARIVATE Plc (CLVT)

Footnote F1

In connection with a series of related reorganization transactions, which were effected on June 21, 2021, the Ordinary Shares of Clarivate Plc (the "Issuer") held by Capri Acquisitions Topco Limited ("Topco") indirectly for the benefit of GEI VII Capri Holdings, LLC ("Holdings") on behalf of certain of the Reporting Persons named herein were transferred to be held directly by Holdings on behalf of certain of the Reporting Persons named herein.

Footnote F2

Represents Ordinary Shares held by Topco on behalf of Green Equity Investors VII, L.P. ("GEI VII") through Holdings, of which GEI VII is a member.

Footnote F3

GEI Capital VII, LLC ("Capital") is the general partner of GEI VII, Green Equity Investors Side VII, L.P. ("GEI Side VII"), and GEI VII Capri AIV, L.P. ("AIV"). Leonard Green & Partners, L.P. ("LGP") is the management company of GEI VII and GEI Side VII, and an affiliate of Capital. LGP Management, Inc. ("LGPM") is the general partner of LGP. LGPM is the manager of GEI Capri VII, LLC ("Capri VII"), which is a member of Holdings. Peridot Coinvest Manager LLC ("Peridot") is the manager of Holdings, the management company of each of LGP Associates VII-A LLC ("Associates VII-A") and LGP Associates VII-B LLC ("Associates VII-B"), and the general partner of Capri Coinvest LP ("Coinvest").

Footnote F4

Each of GEI VII, GEI Side VII, AIV, Coinvest, Associates VII-A, Associates VII-B, Topco, Holdings, Capital, Capri VII, LGP, LGPM, and Peridot, directly (whether through ownership or position), or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of some or all of the Ordinary Shares held by Topco ultimately on behalf of GEI VII, GEI Side VII, AIV, Coinvest, Associates VII-A, and Associates VII-B (together, the "Investors") and, therefore, a "ten percent holder" hereunder.

Footnote F5

Each of the Reporting Persons disclaims beneficial ownership of the Ordinary Shares reported herein and not held for record by such Reporting Person, except to the extent of its pecuniary interest therein. This report shall not otherwise be deemed an admission that the Reporting Persons are the beneficial owners of such securities not held of record by the respective Reporting Person, for purposes of Section 16 or for any other purpose.

Footnote F6

Represents Ordinary Shares held by Holdings on behalf of GEI VII.

Footnote F7

Represents Ordinary Shares held by Topco on behalf of GEI Side VII through Holdings, of which GEI Side VII is a member.

Footnote F8

Represents Ordinary Shares held by Holdings on behalf of GEI Side VII.

Footnote F9

Represents Ordinary Shares held by Topco on behalf of AIV through Holdings, of which AIV is a member.

Footnote F10

Represents Ordinary Shares held by Holdings on behalf of AIV.

Footnote F11

Represents Ordinary Shares held by Topco on behalf of Coinvest through Holdings, of which Coinvest is a member.

Footnote F12

Represents Ordinary Shares held by Holdings on behalf of Coinvest.

Footnote F13

Represents Ordinary Shares held by Topco on behalf of Associates VII-A through Holdings, of which Associates VII-A is a member.

Footnote F14

Represents Ordinary Shares held by Holdings on behalf of Associates VII-A.

Footnote F15

Represents Ordinary Shares held by Topco on behalf of Associates VII-B through Holdings, of which Associates VII-B is a member.

Footnote F16

Represents Ordinary Shares held by Holdings on behalf of Associates VII-B.