EMERITUS CORP

CUSIP: 291005106 Class: COMMON STOCK

WATER ISLAND CAPITAL LLC's Holding History (CIK: 0001222765)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014
Shares 4,846,297 Value ($000) $153,385,300 Avg Close — Range —
Q1 2014
Shares 2,312,212 Value ($000) $72,695 Avg Close — Range —