Icahn Conversion to T. Rowe Price

IT’S ABOUT BEING THERE.

DaVita Inc. Conversion to T. Rowe Price

Overview

October 2009 November 2009 December 2009 January 2010 February 2010

Test valuation from Fidelity

Plan sponsor approval

DaV

ita,

Inc

Tea

m

DaV

ita,

Inc

Par

ticip

ant

Initial planningsession w/TRP

Communications audit

Conference calls

Formalize investment strategy

Begin production

Announcementletter mailed

Prepare service agreement

Conversion brochure & SOX notice distributed

Follow-up with Fidelity

Information kits sent Phone lines open

Employee meetings

ƒ

Service agreementfinalized and executed

Conversion data to TRP

Full services

begin

Create participantdata base

Submit test data

ƒ

Conversion money to TRP

TR

P C

onve

rsio

nT

eam

TRP to submit test salary deferral & loan extract file

ƒ

Plan features and resume on system

ƒPost conversion

Window period turned on for auto investment

ƒ

Approve administrative procedures

Send live start-up files

Begin sending live maintenance files

First conference calls with Fidelity

DaV

ita,

Inc

TR

PP

artic

ipan

t

October Objectives

TRP Team:– Review Plan documents/

Summary Plan Description– Prepare implementation manual– Prepare communication audit

document– Identify key decisions and

outstanding questions– Prepare administrative procedures

for review with DaVita, Inc

DaVita, Inc Team:– Deliver Plan documents/

Summary Plan Description– Identify internal resources– Notify Fidelity– Select investment menu– Identify employee meeting needs– Finalize plan design

Combined Team:– Conduct initial planning meeting

– Plan design– Services– Determine payroll required files– Determine payroll file layouts– Determine payroll file testing timing

– Conduct communication audit– Identify processing time frames and due dates– Establish communications success criteria– Conduct regularly scheduled status meeting

conference calls

October 2009Milestones 10/7

Plan Sponsor selects investment menu

10/15 Initial planning session/Communication audit (Discuss plan design/payroll services)

DaV

ita,

Inc

TR

PP

artic

ipan

t

November Objectives

11/2Conference calls with Fidelity

November 2009Milestones

11/5Concept presentation for communication strategy

11/12 Finalize communication strategy concept

11/25 Announcement letter mailed

TRP Team:– Prepare conversion brochures and

SOX notices for review– Prepare service agreement and Trust

agreement– Review and evaluate data feed

for contribution/maintenance files– Setting up the plan features

on the recordkeeping system– Concept presentation for

communications strategy

DaVita, Inc Team:– Review service agreement

and provide comments– Review administrative procedures– Provide final approval for

communications strategy concept

Combined Team:– Conduct regularly scheduled

status meeting conference calls– Announcement letter distributed– Conference calls with Fidelity

DaV

ita,

Inc

TR

PP

artic

ipan

t

TRP Team:– Set up system for employees to obtain

general plan information and fund information

– Develop and review plan text for phone representatives

– Fidelity to send test valuation file– Reconcile test conversion from Fidelity– Identify data/assets issue– Prepare test salary deferral and loan

extract file– Review test data for contribution and

maintenance

December Objectives

Combined Team:– Conduct regularly scheduled

status meeting conference calls– Follow-up call with Fidelity

DaVita, Inc Team:– Prepare live start-up file– Prepare test data for

contribution/maintenance– Review comments on test

results– Review and provide

comments on test salary deferral and loan extract

– Review and approve conversion brochures and SOX notices

December 2009Milestones

12/28Submit live start-up

12/15Follow up call with Fidelity

12/18 Conversion brochure and SOX notice distributed

12/1 Submit test data (indicative data and contribution)

12/7 Test valuation from Fidelity

12/11TRP to submit test salary deferral and loan extract files

DaV

ita,

Inc

TR

PP

artic

ipan

t

January 2010Milestones

TRP Team:– Post live start-up to populate participant data

base on TRP recordkeeping system– Conduct employee meetings– Window period turned on for auto

investment opt out– Finalize and execute service agreements– Finalize administrative procedures– Post first live maintenance file– Open phone lines for plan & fund information

DaVita, Inc Team:– Review and finalize

service agreements– Finalize administrative

procedures– Prepare first live

maintenance file to TRP

January Objectives

1/15Execute service agreements

Combined Team:– Conduct regularly scheduled

status meeting conference calls

1/1Information kits sent

1/7-1/21Window period turned on for auto investment opt out

1/7-1/18Conduct employee meetings

1/2Live start-up data posted to create participant database

1/9Live maintenance files begin

1/4Phone lines open for plan and fund information

DaV

ita,

Inc

TR

PP

artic

ipan

t

February 2010Milestones

TRP Team:– Conversion money to TRP– Conversion data to TRP– Post conversions– Set up participant’s statement format– Post first contribution files

DaVita, Inc Team:– Review and authorize posting

of conversion– Review and approve

participant’s statements– Prepare first contribution feed

for transmission to TRP

February Objectives

Combined Team:– Conduct regularly scheduled status

meeting conference calls– Finalize any outstanding conversion items– Transition to day-to-day team

2/8 Fidelity sends conversion data to TRP 2/11-2/15

Authorize posting of conversion

2/4 Invest assets

2/11-2/15Reconcile and post conversion

2/16Full service begins

Overview

October 2009 November 2009 December 2009 January 2010 February 2010

Test valuation from Fidelity

Plan sponsor approval

DaV

ita,

Inc

Tea

m

DaV

ita,

Inc

Par

ticip

ant

Initial planningsession w/TRP

Communications audit

Conference calls

Formalize investment strategy

Begin production

Announcementletter mailed

Prepare service agreement

Conversion brochure & SOX notice distributed

Follow-up with Fidelity

Information kits sent Phone lines open

Employee meetings

ƒ

Service agreementfinalized and executed

Conversion data to TRP

Full services

begin

Create participantdata base

Submit test data

ƒ

Conversion money to TRP

TR

P C

onve

rsio

nT

eam

TRP to submit test salary deferral & loan extract file

ƒ

Plan features and resume on system

ƒPost conversion

Window period turned on for auto investment

ƒ

Approve administrative procedures

Send live start-up files

Begin sending live maintenance files

First conference calls with Fidelity

Successful conversion of the plan!