Platinum Eagle and Target Lodging to Participate at the Credit Suisse Industrials Conference on November 29, 2018

LOS ANGELES THE WOODLANDS, Texas–(BUSINESS WIRE)–Platinum Eagle Acquisition Corp. (Nasdaq:EAGL) (“Platinum Eagle”), a
publicly traded special purpose acquisition company and Target Logistics
Management, LLC (“Target Lodging”), the largest provider of turnkey
accommodations in the U.S., announced today that Target Lodging’s
President and Chief Executive Officer, Brad Archer, Chief Financial
Officer, Andy Aberdale and Chief Commercial Officer, Troy Schrenk, will
participate at the Credit Suisse Industrials Conference in Palm Beach,
Florida on Thursday, November 29, 2018.

Presentation materials will be available through the Investors section
of Target Lodging’s website at www.targetlodging.com.

As previously announced on November 13, 2018, Platinum Eagle and Target
Lodging, along with RL Signor Holdings, LLC (“Signor Lodging”) entered
into definitive merger agreements for a business combination (the
“business combination”) to create the largest provider of specialty
rental accommodations with premium catering and value-add hospitality
services in the U.S. The combined company will be well-positioned to
capitalize on strong demand drivers for fully-integrated accommodation,
hospitality and culinary solutions across a range of geographic and
sector end markets. The combined company will be poised to benefit from
increased scale and density in served markets, enhanced
vertically-integrated solutions for customers, greater financial
strength, and expanded value-creation opportunities. The combined
company will be led by Target Lodging’s highly experienced management
team, including President and Chief Executive Officer Brad Archer, Chief
Financial Officer Andy Aberdale and Chief Commercial Officer Troy
Schrenk, who are expected to continue to serve in their respective roles.

Upon the expected closing of the proposed transactions in the first
quarter of 2019, Target Lodging and Signor Lodging will become
wholly-owned subsidiaries of Platinum Eagle, which intends to change its
name to Target Hospitality Corp. (“Target Hospitality”) and remain
Nasdaq-listed under a new ticker symbol.

Additional Information about the Transaction and Where to Find It

In connection with the proposed business combination, Platinum Eagle has
filed a registration statement on Form S-4 (the “Registration
Statement”) with the SEC, which will include a proxy
statement/prospectus, that will be both the proxy statement to be
distributed to holders of Platinum Eagle’s ordinary shares in connection
with Platinum Eagle’s solicitation of proxies for the vote by Platinum
Eagle’s shareholders with respect to the business combination and other
matters as may be described in the Registration Statement, as well as
the prospectus relating to the offer and sale of the securities to be
issued in the business combination. After the Registration Statement is
declared effective, Platinum Eagle will mail a definitive proxy
statement/prospectus and other relevant documents to its shareholders.
Platinum Eagle’s shareholders and other interested persons are advised
to read, when available, the preliminary proxy statement/prospectus
included in the Registration Statement and the amendments thereto and
the definitive proxy statement/prospectus, as these materials will
contain important information about Target Lodging, Signor Lodging,
Platinum Eagle and the business combination. The definitive proxy
statement/prospectus will be mailed to shareholders of Platinum Eagle as
of a record date to be established for voting on the business
combination. Shareholders will also be able to obtain copies of the
proxy statement/prospectus and other documents filed with the SEC that
will be incorporated by reference in the proxy statement/prospectus,
without charge, once available, at the SEC’s web site at www.sec.gov,
or by directing a request to: Platinum Eagle Acquisition Corp., 2121
Avenue of the Stars, Suite 2300, Los Angeles, California, Attention: Eli
Baker, President, Chief Financial Officer and Secretary, (310) 209-7280.

Participants in the Solicitation

Platinum Eagle and its directors and executive officers may be deemed
participants in the solicitation of proxies from Platinum Eagle’s
shareholders with respect to the business combination. A list of the
names of those directors and executive officers and a description of
their interests in Platinum Eagle is contained in the Platinum Eagle’s
registration statement on Form S-1, which was filed with the SEC and is
available free of charge at the SEC’s web site at www.sec.gov,
or by directing a request to Platinum Eagle Acquisition Corp., 2121
Avenue of the Stars, Suite 2300, Los Angeles, California, Attention: Eli
Baker, President, Chief Financial Officer and Secretary, (310) 209-7280.
Additional information regarding the interests of such participants are
contained in the proxy statement/prospectus for the business combination.

Each of Target Lodging and Signor Lodging and its directors and
executive officers may also be deemed to be participants in the
solicitation of proxies from the shareholders of Platinum Eagle in
connection with the business combination. A list of the names of such
directors and executive officers and information regarding their
interests in the business combination are contained in the proxy
statement/prospectus for the business combination.

About Platinum Eagle Acquisition Corp.

Platinum Eagle was formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses. Platinum Eagle raised
$325 million in its initial public offering and began trading on Nasdaq
in January 2018. Its Class A ordinary shares, units and warrants trade
under the ticker symbols EAGL, EAGLU and EAGLW, respectively.

About Target Lodging

Founded in 1978, Target Lodging is the largest vertically integrated
specialty rental and hospitality services company in the United
States. The company is principally focused on building, owning and
operating housing communities across several end markets, including oil,
gas, energy infrastructure and government. Target Lodging provides
cost-effective and customized specialty rental accommodations, culinary
services, and hospitality solutions, including site design,
construction, operations, security, housekeeping, catering, concierge
services, and health and recreation facilities as part of its integrated
housing and hospitality communities. Target Lodging was named by Inc.
magazine in 2012 and 2013 as one of “America’s Fastest Growing Private
Companies.” Target Lodging has been an Algeco company since 2013.

About Signor Lodging

Signor Lodging, founded in 1990, specializes in superior remote
workforce housing serving oil and gas customers throughout the Permian
and Eagle Ford Basins. Signor Lodging operates nine properties across
West Texas, Southeast New Mexico and Oklahoma.

Forward-Looking Statements

Certain statements made in this release are “forward looking statements”
within the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. When used in this
press release, the words “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,”
“may,” “will,” “should,” “future,” “propose” and variations of these
words or similar expressions (or the negative versions of such words or
expressions) are intended to identify forward-looking statements. These
forward-looking statements are not guarantees of future performance,
conditions or results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of which
are outside Platinum Eagle’s, Target Lodging’s or Signor Lodging’s
control, that could cause actual results or outcomes to differ
materially from those discussed in the forward-looking statements.
Important factors, among others, that may affect actual results or
outcomes include the inability to complete the business combination
(including due to the failure to receive required shareholder approvals,
or the failure of other closing conditions); the inability to recognize
the anticipated benefits of the proposed business combination; the
inability to meet Nasdaq listing standards; costs related to the
business combination; Target Hospitality’s ability to manage growth;
Target Hospitality’s ability to execute its business plan and meet its
projections; Target Hospitality’s ability to identify, consummate and
integrate acquisitions; rising costs adversely affecting Target
Hospitality’s profitability; potential litigation involving Platinum
Eagle, Target Lodging, Signor Lodging, or after the closing, Target
Hospitality, and general economic and market conditions impacting demand
for Target Lodging’s products and services, and in particular economic
and market conditions in the oil industry in the markets in which Target
Hospitality operates. None of Platinum Eagle, Target Lodging or Signor
Lodging undertakes any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.

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