Starboard Delivers Letter to Zayo CEO and Board of Directors

NEW YORK, March 7, 2019 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of Zayo Group Holdings, Inc. (NYSE: ZAYO) ("Zayo" or the "Company"), with an ownership interest of approximately 4.0% of the Company's outstanding shares, today announced that it has delivered a letter to Dan Caruso, Zayo's Chairman and Chief Executive Officer, with copies to the Company's Board of Directors (the "Board").

The full text of Starboard's letter to the CEO and Board can be viewed at the following link:

http://www.starboardvalue.com/wp-content/uploads/Starboard_Value_LP_Letter_to_ZAYO_CEO_and_Board_03.07.2019.pdf

About Starboard Value LPStarboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded U.S. companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.

Investor contacts:Peter Feld, (212) 201-4878Tom Cusack, (212) 201-4814www.starboardvalue.com

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SOURCE Starboard Value LP