Getty Images:Trillium proposal not ‘sufficiently credible’ to warrant engagement

The Board of Directors of Getty Images Holdings is committed to maximizing the long-term success of Getty Images for all shareholders. Consistent with its fiduciary obligations, the Board of Getty Images will draw upon its collective and extensive experience to engage with and evaluate credible and constructive proposals if presented. The Board of Getty Images acknowledges an unsolicited, non-binding and highly conditioned proposal from Trillium Capital to acquire an unstated volume of outstanding shares of Getty Images for $10 per share announced via press release on April 24, . Trillium Capital has not provided the Board of Getty Images or its advisors with any evidence that it, its managing partner or its non-binding, highly conditional proposal are sufficiently credible to warrant engagement by the Board of Getty Images. Absent further details and the demonstration of credibility by Trillium Capital , the Board of Getty Images believes the current management team and company strategy represent the best path forward to maximize the long-term shareholder value.