Under the merger agreement, effective following the closing of the merger, First Community Corporation was to appoint three specified members of Savannah River's board of directors to join the boards of directors of First Community Corporation and First Community Bank (collectively, the board). Effective February 3, 2014, the Board increased the number of directors from 13 to 16 and appointed J. Randolph Potter as a Class I director, Paul S. Simon as a Class II director, and E. Leland Reynolds as a Class III director. Each of Mssrs.

Potter, Simon, and Reynolds are anticipated to be nominated as a Board nominee for election by the shareholders to the Board at the 2014 annual meeting of shareholders of First Community. Mr. Simon is the former Chairman of Savannah River's board of directors, and Mr. Potter is the former Chief Executive Officer of Savannah River. No committee assignments have been made yet for Mssrs.

Potter, Simon, and Reynolds.