TESORO CORPORATION
Proposal 1.
TO APPROVE THE ISSUANCE OF SHARES OF TESORO COMMON STOCK IN CONNECTION WITH THE MERGER AS CONTEMPLATED BY THE AGREEMENT AND PLAN OF MERGER, DATED AS OF NOVEMBER 16, 2016, AMONG WESTERN REFINING, INC., TESORO CORPORATION, TAHOE MERGER SUB 1, INC. AND TAHOE MERGER SUB 2, LLC, AS SUCH AGREEMENT MAY BE AMENDED FROM TIME TO TIME.
Caisse vote:
For
Applicable policy or principle:
PR_03
Proposal 2.
TO ADOPT AN AMENDMENT TO THE TESORO CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF TESORO COMMON STOCK FROM 200 MILLION TO 300 MILLION.
Caisse vote:
For
Applicable policy or principle:
PR_03
Proposal 3.
TO ADJOURN THE SPECIAL MEETING, IF NECESSARY OR APPROPRIATE, TO SOLICIT ADDITIONAL PROXIES IN THE EVENT THERE ARE NOT SUFFICIENT VOTES AT THE TIME OF THE SPECIAL MEETING TO APPROVE PROPOSAL 1.
Caisse vote:
Against
Applicable policy or principle:
PR_14