Public Company Information: NASDAQ: ADSK SAN RAFAEL, Calif.–(BUSINESS WIRE)–Autodesk, Inc. (NASDAQ: ADSK) has just announced that they’ve come to settlement agreements with both Sachem Head Capital Management LP ("Sachem Head") and Eminence Capital, LP ("Eminence"). As part of these settlements, Autodesk has appointed Scott Ferguson, Rick Hill, and Jeff Clarke to its Board of Directors. "We're thrilled to have Scott, Rick, and Jeff join our board," said Crawford W. Beveridge, non-executive chairman of Autodesk's Board of Directors. "The entire board and management team are dedicated to executing a clear strategic plan and transitioning our business model, which we believe will maximize growth and deliver value to both our shareholders and customers. We’re proud of the progress we've made so far and are excited to continue moving forward with these new additions." Scott Ferguson, managing partner at Sachem Head, will serve as a director and a member of the Board’s Compensation & Human Resources Committee. Rick Hill, chairman of Tessera Technologies, Inc., will also serve as a director and be part of the Corporate Governance & Nominating Committee. Jeff Clarke, CEO of Kodak, will join as a director and serve on the Board’s Audit Committee. "I'm incredibly excited to be part of Autodesk's board," Ferguson expressed. "The actions taken by the company show a strong alignment between the current board and shareholders regarding the path forward, which will drive long-term shareholder value. I look forward to working with the full board to help the company reach its full potential." Ricky Sandler, CEO of Eminence, noted, "We're happy to have reached a constructive agreement with the board and believe that adding these directors will create significant value for all shareholders. As long-term investors, we fully support Autodesk's shift to a cloud-based business model." Upon the appointments of Ferguson, Hill, and Clarke, the Board of Directors will initially consist of 13 members, but this number will reduce to 11 following the 2016 annual meeting when two current Board members won’t seek re-election. Under the settlement agreements, Sachem Head and Eminence Capital have agreed to certain standstill and voting provisions. The complete settlement agreements between the company and Sachem Head Capital and Eminence Capital will be included as exhibits in a Current Report on Form 8-K filed with the Securities and Exchange Commission. About Scott Ferguson: Scott Ferguson is the Managing Partner and Portfolio Manager of Sachem Head. Before founding Sachem Head, he spent nine years as a Partner at Pershing Square Capital Management, where he was the firm’s first investment professional. Prior to Pershing Square, Scott earned an M.B.A. from Harvard Business School in 2003 and worked at American Industrial Partners and McKinsey & Company. Scott graduated from Stanford University in 1996 with an A.B. in Public Policy. He serves on the Leadership Council of the Robin Hood Foundation and the Boards of the Henry Street Settlement and Episcopal Charities, two social service agencies based in New York. About Rick Hill: Richard S. Hill currently serves as Chairman of the Board of Tessera Technologies, Inc. and is also a member of the Boards of Directors of Arrow Electronics, Inc., and Cabot Microelectronics Corporation. He acted as Tessera’s Interim Chief Executive Officer from April 2013 until May 2013. Previously, he served as the CEO and a Board member of Novellus Systems Inc., until its acquisition by Lam Research Corporation in June 2012 for more than $3 billion. During his nearly 20 years at Novellus Systems, Rick grew annual revenues from approximately $100 million to over $1 billion. Before joining Novellus in 1993, Rick spent 12 years with Tektronix Corporation and also held various engineering and management roles at General Electric, Motorola, and Hughes Aircraft Company. He received a B.S. in Bioengineering from the University of Illinois in Chicago and an M.B.A. from Syracuse University. About Jeff Clarke: Jeff Clarke is the CEO and a Board member of Kodak. Prior to joining Kodak, Jeff was a Managing Partner at Augusta Columbia Capital (ACC), a private investment firm he co-founded in 2012. From 2012 to 2014, he was the Chairman of Travelport, Inc., a private travel technology firm, where he served as CEO from 2006 to 2011, after leading its sale from Cendant Corporation to the Blackstone Group for $4.3 billion in 2006. Before that, Jeff was the COO of CA, Inc., an enterprise software company, EVP of Global Operations at HP, and CFO of Compaq Computer. Jeff has been on the Board of Directors of Red Hat, Inc. since 2008 and also served as a director of Compuware Corporation from 2013 to 2014. He chaired Orbitz Worldwide, a global online travel agency, from 2007 to 2014. Jeff earned an MBA from Northeastern University, where he serves as a Trustee. He holds a B.A. in Economics from SUNY Geneseo. About Autodesk: Autodesk helps people imagine, design, and create a better world. Professionals across industries—designers, engineers, architects, digital artists, students, and hobbyists—use Autodesk software to unleash their creativity and tackle key challenges. Learn more at autodesk.com or follow @autodesk. Safe Harbor Statement: This press release contains forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements carry risks and uncertainties that could lead to significant differences from projections, especially regarding the appointments of Messrs. Ferguson, Hill, and Clarke to the Board of Directors and their impact on Autodesk, Inc. ("the Company"). Key factors that might cause actual outcomes to vary include management and organizational changes, our ability to transition to a subscription and cloud-based business model, the execution of strategic plans, and overall market and industry conditions. Other considerations include our competitive landscape, long-term financial goals, the effect of restructuring efforts, and the performance of specific geographies. You should not overly rely on these forward-looking statements, which reflect the situation as of the release date. For more details on risks affecting the Company, see the SEC filings, including the Annual Report on Form 10-K for the fiscal year ended January 31, 2015, and the Form 10-Q for the quarter ended October 31, 2015. The Company assumes no obligation to update the information in this press release, and its continued availability doesn't imply reaffirmation or confirmation of any content within. © 2016 Autodesk, Inc. All rights reserved. Contact: Autodesk, Inc. Noah Cole, 415-580-3535 noah.

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