4th Annual Carroll Shelby Tribute & Car Show To Honor 50 Years Of Shelby Performance May 6, 2016 Carroll Shelby Foundation, News GARDENA, Calif. – May 3, 2016 – Carroll Shelby International and the Carroll Shelby Foundation will host the fourth annual Carroll Shelby Tribute and Car Show on Saturday, May, 21, at the organization’s headquarters in Gardena, California. This family-friendly event will celebrate Carroll Shelby’s life and legacy by showcasing the Shelby Hertz “Rent-A-Racers,” the Shelby G.T.350 and the Ford GT. A tribute to Shelby’s fun- loving lifestyle will include a Terlingua-inspired chili bar with Shelby craft beer. “The Shelby Hertz cars, Ford GT and Shelby G.T.350 earned legendary reputations globally,” said Joe Conway, Co-CEO of Carroll Shelby International, CEO of Shelby American, Co-Trustee of the Carroll Hall Shelby Trust and Board member of the Carroll Shelby Foundation. “Our salute to these vehicles will celebrate Shelby’s deep involvement and impact on Ford history. Shelby changed the way American automotive performance was viewed by the world, which is why our cars are still so desirable today.” Gates open to the public free-of-charge at 9 a.m. PDT; while free admission walk-ins are welcome, a $10 donation to the Foundation includes a special souvenir show decal. All Shelby and Ford performance car owners interested in displaying their vehicles at the show can register on the Carroll Shelby Tribute website for a $40 donation. “Carroll’s legacy will be celebrated with exciting cars and the enthusiasts who love them,” said Neil Cummings, Co-CEO of Carroll Shelby International, CEO of Carroll Shelby Licensing, Co-Trustee of the Carroll Hall Shelby Trust and Board member of the Carroll Shelby Foundation. “Each year, we gather to pay tribute to this great automotive legacy. From the cars to the comradery and memories of Carroll, it is a wonderful place for Shelby enthusiasts to gather.” Attendees will feast their eyes on some of the rarest Shelby and Ford cars from the past five decades. Shelby American will display its latest lineup of performance vehicles including the all-new Shelby Terlingua and Shelby Super Snake. Carroll Shelby’s Store will open with its latest line of merchandise for high-octane enthusiasts. Enthusiasts across the globe are invited and encouraged to join the “Rev Your Engine” salute to uniquely honor the life and astonishing legacy of Carroll Shelby at 1 p.m. PDT. With the recent loss of Carroll Shelby’s nine-year-old great grandson, Lloyd Randall Shelby, the Foundation will make a special presentation in his honor at the event. Lloyd was a huge fan of both his great grandfather and the Shelby cars he created. “We were deeply saddened by the loss of Carroll’s great grandson Lloyd Shelby,” said Jenni Shreeves, Executive Director, Carroll Shelby Foundation. “It was truly a tragedy. As a double organ transplant recipient, Carroll founded the charity to help children who needed a transplant. Lloyd’s parents donated their son’s organs in an effort to help others. I know that Carroll would have appreciated their decision. The Shelby family has also chosen to celebrate the lives of both Lloyd and Carroll by helping the Foundation support young people in the race for life.” To learn more about the 2016 Carroll Shelby Tribute and Car Show or the Carroll Shelby Foundation, please visit www.carrollshelbytribute.com or www.carrollshelbyfoundation.org. About The Carroll Shelby Foundation The Carroll Shelby Foundation was created by legendary racer and automotive manufacturer Carroll Shelby. Headquartered in Gardena, Calif., the Foundation is dedicated to providing medical assistance for those in need, including children, educational opportunities for young people through automotive and other training programs and benefitting the Shelby Automotive Museum. For more information, visit www.shelby.com. About Shelby American, Inc. and Carroll Shelby Licensing Shelby American (www.shelby.com), a subsidiary of Carroll Shelby International, Inc., manufactures high performance vehicles created by automotive entrepreneur Carroll Shelby. The company is involved in vehicle manufacturing, design and engineering projects under a license agreement with Carroll Shelby Licensing, Inc. Carroll Shelby founded his licensing company in 1988 and Carroll Shelby Licensing, Inc., is the exclusive holder of Shelby’s trademarks and vehicle design rights for all automotive products, which include some of the world’s most famous muscle cars and high- performance vehicles, including the car that brought home to the U.S. its first and only FIA World Manufacturers Championship in 1965, the famous Shelby Cobra Daytona Coupe. It also licenses Shelby-branded apparel, accessories and collectibles for all things automotive. For additional information, call (310) 914-1843, fax (310) 538-8189, write Carroll Shelby Licensing, Inc., 19021 S Figueroa St., Gardena, CA, 90248, or visit www.shelby.com. Safe Harbor Statement The statements contained in this press release that are not purely historical, including statements regarding the Company’s expectations, hopes, beliefs, intentions, or strategies regarding the future, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially from those expected because of various known and unknown risks and uncertainties, including, but not limited to, the continuing effects of the U.S. recession and global credit environment, other changes in general economic and industry conditions, the award or loss of significant client assignments, timing of contracts, recruiting and new business solicitation efforts, currency fluctuations, and other factors affecting the financial health of our clients. These and other risks are described in the Company’s most recent annual report on Form 10-K and subsequent reports filed with or furnished to the U.S. Securities and Exchange Commission. The forward-looking statements included in this press release are based on information available to the Company on the date hereof, and the Company assumes no obligation to update any such forward-looking statements.