Premier Investor Presentation — November 2019

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First -Quarter Fiscal 2020

Financial Results and Update

November 5, 2019Forward- looking statements and non-GAAP financial measures

2Forward -looking statements –Statements made in this presentation that are not statements of historical or current facts, such as those related to

the current market environment and uncertainties, market competition and the potential for incrementally higher administrative fee share trends over

time, expected financial performance, non- GAAP free cash flow generation, share repurchases, if any, under our current and futur e stock

repurchase program, the success of our incremental investments in growth opportunities and the statements related to fiscal 2020 outlook and

guidance and the assumptions underlying such guidance, are “forward- looking statements” within the meaning of the Private Securi ties Litigation

Reform Act of 1995. Forward- looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual

results, performance or achievements of Premier to be materially different from historical results or from any future results orprojections expressed

or implied by such forward- looking statements. Accordingly, readers should not place undue reliance on any forward- looking statements. In addition

to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that

include terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and f orward-looking. Forward-

looking statements may include comments as to Premier’s beliefs and expectations as to future events and trends affecting its business and are

necessarily subject to uncertainties, many of which are outside Premier’s control. More information on potential factors that could affect Premier’s