Shenandoah Telecommunications Company announced that On April 30, 2024, following the Annual Meeting and the effectiveness of the Board Size Amendment and the Bylaw Amendment (as defined below), the Board increased the size of the Board from 8 to 10 and appointed (i) James F. DiMola to serve as a Class 3 Director for a term expiring at the Company?s 2025 Annual Meeting of Shareholders (the ?2025 Annual Meeting?) or until his successor has been elected and qualified, or until his earlier resignation, removal from office, death or incapacity and (ii) Matthew S. DeNichilo to serve as a Class 1 Director for a term expiring at the 2025 Annual Meeting or until his successor has been elected and qualified, or until his earlier resignation, removal from office, death or incapacity. The Board appointed Mr. DiMola to serve on the Company?s Nominating and Corporate Governance Committee and appointed Mr. DeNichilo to serve on the Company?s Audit Committee. Mr. DiMola was appointed to the Board pursuant to the Investor Rights Agreement, dated April 1, 2024 (the ?Investor Rights Agreement?), between the Company and an investment fund managed by affiliates of GCM Grosvenor (?GCM Grosvenor?).

Mr. DiMola serves as a Managing Director at GCM Grosvenor.