Five Point Holdings, LLC — Director's Dealing 2017

May 16, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Five Point Holdings, LLC (FPH)
CIK: 0001574197
Period of Report: 2017-05-15

Reporting Person: TCO Fund, L.P. (10% Owner)
Reporting Person: TCO Investors, L.P. (10% Owner)
Reporting Person: TCO Fund GP, L.P. (10% Owner)
Reporting Person: Castlelake I, L.P. (10% Owner)
Reporting Person: TCS Diamond Solutions, LLC (10% Owner)
Reporting Person: Castlelake I GP, L.P. (10% Owner)
Reporting Person: TCS II REO USA, LLC (10% Owner)
Reporting Person: HPSCP Opportunities, L.P. (10% Owner)
Reporting Person: Castlelake II GP, L.P. (10% Owner)
Reporting Person: HFET Opportunities, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-15	Class A Common Shares	P	1785714	$14.00	Acquired	5696572	Indirect

Footnotes

F1: Represents securities held directly by: TCO Fund, L.P. ("TCO"), TCO Investors, L.P. ("TCOI"), Castlelake I, L.P. ("Castlelake I"), TCS Diamond Solutions, LLC ("Diamond Solutions"), TCS II REO USA, LLC ("TCSII REO"), HPSCP Opportunities, L.P. ("HPSCP), HFET Opportunities, LLC ("HFET") Castlelake II, L.P. ("Castlelake II") Castlelake II Opportunities, L.P. ("Opportunities II") and Castlelake III, L.P. ("Castlelake III"). TCO Fund GP, L.P. ("TCO GP" and, together with TCO and TCOI, the "TCO Fund Entities") is the general partner of TCO and TCOI, and in such capacity may be deemed to share beneficial ownership of the securities held by TCO and TCOI. Castlelake I GP, L.P. ("Castlelake I GP" and, together with Castlelake I and Diamond Solutions, the "Castlelake I Fund Entities"), is the general partner of Castlelake I and the managing member of Diamond Solutions, and in such capacity may be deemed to share beneficial ownership of the securities held by Castlelake I and Diamond Solutions.

F2: Castlelake II GP, L.P. ("Castlelake II GP" and, together with TCSII REO, HPSCP, Castlelake II and Opportunities II, the "Castlelake II Fund Entities") is the general partner of TCSII REO, HPSCP, Castlelake II and Opportunities II and in such capacity may be deemed to share beneficial ownership of the securities held by such entities. Castlelake III GP, L.P. ("Castlelake III GP" and, together with HFET and Castlelake III, the "Castlelake III Fund Entities"), is the managing member of HFET and the general partner of Castlelake III, and in such capacities may be deemed to share beneficial ownership of the securities held by HFET and Castlelake III.

F3: Castlelake, L.P. ("Castlelake") is the investment manager of the TCO Fund Entities, the Castlelake I Fund Entities, the Castlelake II Fund Entities and the Castlelake III Fund Entities, and in such capacity may be deemed to share beneficial ownership of the securities beneficially owned by such entities. Rory O'Neill is the managing partner and chief executive officer of Castlelake. Castlelake, Mr. O'Neill, TCO GP, Castlelake I GP, Castlelake II GP, HFET REO and Castlelake III GP disclaim beneficial ownership of the securities reported herein except to the extent of any pecuniary interest therein.