On January 2, 2018, the Board of Directors of Fortress Transportation and Infrastructure Investors LLC increased the size of the Board from five to seven members and appointed Judith A. Hannaway and A. Andrew Levison as independent directors of the company, effective immediately. Ms. Hannaway will serve as a Class II Director with a term expiring at the 2020 annual meeting of the shareholders of the company, and Mr. Levison will serve as a Class III Director with a term expiring at the 2018 annual meeting of the shareholders of the company. The Board also appointed Ms. Hannaway as a member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of the Board, and Mr. Levison as a member of the Compensation Committee of the Board.