Dear Full Season Ticket Licensee:

As we prepare for the second half of the 2012 season, we are pleased to announce that your Full Season Ticket License Plan Renewal price (inclusive of your Ticket, License and Food and Beverage fee, where applicable) for the 2013 regular season will remain unchanged.

In response to feedback from Full Season Ticket Licensees, we are also introducing more flexible payment options for the 2012 postseason and 2013 regular season. These new options have been created to ease the payment process when you renew or pay for your Full Season Suite Ticket License. The payment options are outlined on the following page. Please read the options carefully.

We anticipate that 2012 postseason and 2013 Full Season Ticket and Suite (along with Food and Beverage, where applicable) License invoices will be mailed to you next month along with further information about your payment options and how to sign up for auto charge.

In addition, please see the enclosed preview literature on the Yankees Legacy Club, launching for the 2013 season. This new program provides exclusive benefits and experiences to Full Season Ticket Licensees to compliment existing Premium Benefits.

Should you have any questions, please do not hesitate to contact your Season Ticket Sales and Service Account Executive or visit www.yankees.com/licensees.

We hope to be a part of your legacy for 2013 and beyond.

Sincerely,

The New York Yankees