Fortress Investment Group LLC, et al.-Intra-Corporate Family Transaction Exemption

, LLC, which has changed its name to The Wheeling Holding Company LLC (Wheeling HoldCo), and which controls six Class III rail carriers: (1) Union Railroad Company, LLC; (2) Gary Railway Company, LLC; (3) Delray Connecting Railroad Company; (4) Texas & Northern Railway Company, LLC; (5) The Lake Terminal Railroad Company, LLC; and (6) East Ohio Valley Railway LLC.\1\ --------------------------------------------------------------------------- \1\ Wheeling HoldCo also controls a private switching railroad, Fairfield Southern Company LLC, and an equipment leasing corporation, Birmingham Southern Railroad. --------------------------------------------------------------------------- According to the verified notice, the proposed transaction will transfer direct control of Wheeling Corp. (which owns and control W&LE and ABC) from FIPRR2 to Wheeling HoldCo. Fortress will continue to manage FTAI, which will continue to indirectly control FIPRR2 as follows: FTAI will continue to control Transtar Holdings, which will continue to control FIPRR HoldCo, which will continue to control FIPRR Holdings, which will continue to control FIPRR2, which will continue to control Wheeling HoldCo, which will then control Wheeling Corp. Fortress Parties state that the proposed transfer will promote management and operational efficiencies by placing all of the operating railroads within the corporate famil