The Firm is a Delaware limited partnership formed in 2013 in connection with the merger of Select Equity Group, Inc. (“SEGI”) and its affiliate, Select Offshore Advisors, LLC (“SOA”), into a single investment advisory entity. The Firm is employee owned. We provide investment management services to individual and private fund clients, and sub-advisory services to certain Undertakings for Collective Investments in Transferable Securities (“UCITS”) sub-funds, Collective Investment Trusts (“COLs”) and registered investment companies (“1940 Act Funds”). The Firm’s general partner is Select Equity GP, LLC, a Delaware limited liability company (the “General Partner”). George S. Loening is the controlling member of the General Partner. On November 26, 2013, the Firm succeeded to the registrations of SEGI, which was registered with the U.S. Securities and Exchange Commission (the “SEC”) in 1992, and SOA, which was registered with the SEC in 2006. Types of Advisory Services For Our Individual Clients For Our Individual Clients in Our U.S. Long-Only Strategy We offer a long-only equity management program that utilizes fundamental analysis to select stocks, with a view towards capital appreciation. The Firm will generally maintain cash positions for accounts in this strategy when, in its opinion, market conditions limit investment opportunities meeting the standards it has established for investments, however, money market reserves have typically ranged between 0% and 20%, depending on market conditions. Clients may terminate an investment advisory contract at any time subject to any applicable notice provisions. Though client accounts are managed independently, we use a similar investment approach in substantially all our separately managed accounts in this strategy. In addition, we generally limit our portfolio of securities to fewer than forty stocks in each account. We believe this approach allows for the continuous and thorough evaluation of all accounts and all equities held. As a general matter, we do not attempt to “time” the market or to predict overall macro-economic trends. Instead, we seek to make investments in good businesses with strong managements that we believe to be inefficiently valued by the markets. Typically, these companies are profitable, have growing sales and stable or expanding profit margins and healthy or rapidly improving balance sheets. We may from time to time sell securities in client accounts to capture losses and seek to create tax efficiencies. We offer the foregoing services in conjunction with several fee arrangements at the option of the client. Certain fee arrangements are based on a percentage of assets under management; others include an asset-based fee and a performance-based fee. The performance-based fee arrangements are available only to clients who meet certain financial and/or sophistication requirements, as hereinafter described. The fees charged to such individual clients are discussed in Item 5 below. For Our Individual Clients in Other Strategies We also offer other strategies with different or negotiated fee schedules and other terms, including accounts that are similar

in strategy to certain of the Private Funds, as defined below. General Our individual clients may request restrictions on investing in certain securities or types of securities. The Firm may accept such restrictions provided that it believes the restrictions can be accommodated operationally and the portfolio can be managed consistent with those restrictions. For Our “Private Fund” Clients The Firm also serves as investment manager to certain private funds (each a “Private Fund”), which are managed in accordance with the applicable investment strategy described below in Item 8 and the methodology described in its confidential private offering memorandum (“Offering Memorandum”). The general partner of each Private Fund that is organized as a limited partnership is an affiliate of the Firm. Furthermore, an affiliate of the Firm serves on the Board of Directors of each Private Fund that is organized as a Cayman Islands exempted company. Private Funds may have multiple classes of limited partnership interests or shares. The classes may differ in terms of fees, liquidity rights or other features as described in the Offering Memorandum for the Private Fund. The Private Funds may, without notice to other investors, enter into (and have entered into) “side letter” agreements with certain prospective or existing investors granting them, among other things, special liquidity rights, performance compensation waivers or reductions, hurdle rate modifications, management fee reductions or modifications, withdrawal or redemption fee waivers or reductions, and/or other more favorable investment terms than the terms that are described in the applicable Offering Memorandum. The granting of preferred terms to certain investors is solely at the discretion of the Firm, an affiliate that serves as general partner of the Private Fund or the Board of Directors of the Private Fund, as applicable, and the Private Funds shall have no obligation to offer such differing or additional rights, terms or conditions to all investors. We also offer Private Fund strategies as separately managed accounts to individual clients who meet certain financial and/or sophistication requirements with different or negotiated fee schedules and other terms. The fees charged to Private Funds are discussed in Item 5 below. Sub-Advisory Services We offer sub-advisory services to certain registered commingled investment vehicles, including UCITS sub-funds, COLs sub-funds and 1940 Act funds (collectively, “Sub-Advisory Clients”). The investment strategies offered to our Sub-Advisory Clients may be similar to our Private Fund strategies; provided that they will be subject to any regulatory requirements applicable to, or other investment restrictions imposed by, such Sub-Advisory Clients. The fees charged to Sub-Advisory Clients are discussed in Item 5 below. Assets Under Management All individual client accounts (subject to any agreed upon client guidelines or restrictions), Private Funds and Sub- Advisory Client accounts are managed on a discretionary basis. As of December 31, 2022, we manage approximately $45,142,182,503 (gross) on a discretionary basis and $0.00 on a non-discretionary basis.