Carl C. Icahn Issues Open Letter to Stockholders of Southwest Gas

CARL C. ICAHN

16690 Collins Avenue, Suite PH-1

Sunny Isles Beach, FL 33160

Dear Fellow SWX Stockholders:

It was fascinating to listen to the latest earnings call led by John Hester. In almost every sentence he proclaims he is going to do “what is right for stockholders.” Abraham Lincoln once said, “you can fool some of the people all the time, you can fool …