<SEC-DOCUMENT>0001193125-23-143467.txt : 20230512
<SEC-HEADER>0001193125-23-143467.hdr.sgml : 20230512
<ACCEPTANCE-DATETIME>20230512160723
ACCESSION NUMBER:		0001193125-23-143467
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230512
DATE AS OF CHANGE:		20230512

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WisdomTree, Inc.
		CENTRAL INDEX KEY:			0000880631
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				133487784
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10932
		FILM NUMBER:		23915675

	BUSINESS ADDRESS:	
		STREET 1:		250 WEST 34TH STREET
		STREET 2:		3RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119
		BUSINESS PHONE:		212-801-2080

	MAIL ADDRESS:	
		STREET 1:		250 WEST 34TH STREET
		STREET 2:		3RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WisdomTree Investments, Inc.
		DATE OF NAME CHANGE:	20090401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INDEX DEVELOPMENT PARTNERS INC
		DATE OF NAME CHANGE:	20020812

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FINANCIAL DATA SYSTEMS
		DATE OF NAME CHANGE:	19951120
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>d487892ddefa14a.htm
<DESCRIPTION>DEFA14A
<TEXT>
<HTML><HEAD>
<TITLE>DEFA14A</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Proxy Statement Pursuant to Section&nbsp;14(a) of the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>(Amendment No.&nbsp;&nbsp;&nbsp;&nbsp;) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filed by the
Registrant&nbsp;&nbsp;&#9746; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filed by a Party other than the Registrant&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Preliminary Proxy Statement </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9744;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Definitive Proxy Statement </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9746;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Definitive Additional Materials </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting Material Pursuant to &#167;240.14a-12 </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>WisdomTree, Inc. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Name
of Registrant as Specified In Its Charter) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Person(s) Filing Proxy Statement, if other than the Registrant) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Copies to: </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Sean M.
Donahue </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Andrew H. Goodman </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Goodwin Procter LLP </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>1900
N Street NW </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Washington, DC 20036 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(202) 346-4207 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Payment of Filing Fee
(Check all boxes that apply) </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9746;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">No fee required. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Fee paid previously with preliminary materials. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules
<FONT STYLE="white-space:nowrap">14a-6(i)(1)</FONT> and 0-11. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On May&nbsp;12, 2023, WisdomTree, Inc. (&#147;WisdomTree&#148;) issued a press release
announcing that it has sent a second letter to its stockholders regarding WisdomTree&#146;s 2023 annual meeting of stockholders. A copy of the press release and the letter are set forth below. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g487892g41i71.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>WisdomTree Says Graham Tuckwell and His Nominees are Wrong for WisdomTree &#150; Just Look at the Facts
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>Courts Have Found That Mr.&nbsp;Tuckwell Violated His Fiduciary Duties as Chairman of ETF Securities, Mistreated Minority
Stockholders and Forced Out Independent Directors </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>Mr.&nbsp;Tuckwell Recently Negotiated Against WisdomTree&#146;s
Stockholders and Encouraged Our Largest Creditor, the World Gold Council, to Seek a Higher Price From Us Solely to Justify a Higher Valuation For Himself </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>Mr.&nbsp;Tuckwell Has Disqualifying and Unresolved Conflicts of Interest That Make Him Unsuitable as a WisdomTree Director </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>Mr.&nbsp;Tuckwell&#146;s Nominees Do Not Bring Any New Skills or Competencies That Our Collective Board Does Not Already Possess &#150;
Our Nominees Are More Capable and Better Qualified </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">NEW YORK, May&nbsp;12, 2023 &#150; WisdomTree, Inc. (NYSE: WT) (&#147;WisdomTree&#148; or the
&#147;Company&#148;), a global financial innovator, today issued the following letter to its stockholders in connection with WisdomTree&#146;s 2023 Annual Meeting of Stockholders (&#147;2023 Annual Meeting&#148;), which is scheduled to be held on
June&nbsp;16, 2023. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fellow WisdomTree stockholders: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are
writing again to ask you to protect your investment in WisdomTree, Inc. (&#147;WisdomTree&#148; or the &#147;Company&#148;) and support your Board at the upcoming 2023 Annual Meeting of Stockholders (&#147;2023 Annual Meeting&#148;) by voting the
<B><U>WHITE</U></B> proxy card <B>TODAY</B> <B>&#147;FOR&#148;</B> <B>ALL SIX</B> of WisdomTree&#146;s highly qualified director nominees &#150; <B>Lynn S. Blake, Daniela Mielke, Shamla Naidoo, Win Neuger, Frank Salerno and Jonathan Steinberg</B>.
We urge you to <B>&#147;WITHHOLD&#148;</B> on all three of ETFS Capital&#146;s nominees and to <B>NOT</B> sign <B>ANY </B>proxy card or voting instruction form sent to you by ETFS Capital. You can find out more by visiting
<B><U>https://ir.wisdomtree.com/2023-annual-meeting-proxy-vote</U>.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As we explained in our <B><U>first letter</U></B>, dissident stockholder ETFS
Capital Limited (&#147;ETFS Capital&#148;) seeks to elect its chairman Graham Tuckwell and two other unqualified candidates, Bruce E. Aust and Tonia Pankopf, to the WisdomTree Board. <B>The</B> <B>five directors that we have appointed since 2021
make up a majority of our nine-person Board. </B>Our<B> </B>Board refreshment process is systematic and thorough, and as part of that process, we have focused on candidates who possess the right set of skills to oversee WisdomTree&#146;s strategy.
We have reviewed many candidates &#150; including Mr.&nbsp;Tuckwell &#150; and have always been open-minded in considering those who would be suitable for the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Mr.</B><B></B><B>&nbsp;Tuckwell&#146;s conflicts of interest and documented track record of mistreating stockholders disqualify him from serving on the
WisdomTree Board</B>. The other candidates he has proposed would not enhance our Board or advance our strategy. In this letter, we explain why Graham Tuckwell and the ETFS Capital slate are not the right directors for all WisdomTree stockholders.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COURTS HAVE FOUND THAT MR. TUCKWELL VIOLATED HIS FIDUCIARY DUTIES AS CHAIRMAN OF ETF SECURITIES, MISTREATED MINORITY STOCKHOLDERS AND
FORCED OUT INDEPENDENT DIRECTORS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A clear legal record demonstrates that Mr.&nbsp;Tuckwell has violated his fiduciary duties to stockholders at his
own company. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">In 2019, three private equity firms &#150; which were minority investors in ETF Securities Limited (now ETFS
Capital) at the time the European asset management business of ETF Securities was sold to WisdomTree &#150; filed a lawsuit in the Island of Jersey against Mr.&nbsp;Tuckwell and ETF Securities, seeking to receive their fair share of the sale
proceeds. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g487892g41i71.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Royal Court of the Island of Jersey (the &#147;Royal Court&#148;) ruled in the minority investors&#146; favor
and ordered that their shares be purchased at a fair price, concluding that <B>Mr.&nbsp;Tuckwell &#147;pursued a scheme designed to drive the Plaintiffs out of the Company at the best possible price for Mr.&nbsp;Tuckwell and not at a fair price to
the Plaintiffs.&#148;<SUP STYLE="font-size:75%; vertical-align:top">1</SUP></B> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Royal Court also found that <B>Mr.</B><B></B><B>&nbsp;Tuckwell threatened and ultimately removed the
independent directors of ETF Securities who were calling for the fair and equal treatment of stockholders.</B> Not only did he neglect his own fiduciary responsibilities to stockholders, but he also removed the directors who <I>were </I>fulfilling
their obligations. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Mr.&nbsp;Tuckwell himself admitted to the Royal Court that he did so to prevent the independent directors from
outvoting him and to ensure that he could distribute funds to stockholders as he alone saw fit. He <B>deliberately misled stockholders and his own board of directors</B> about his intentions for the distribution of funds and sidelined his board from
critical conversations about this significant transaction, making decisions unilaterally and pushing out anyone who stood in his way. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Royal Court found that Mr.&nbsp;Tuckwell, in his capacity as Chairman, <B>&#147;breached his duty to act in
the best interests of the Company as a whole,&#148;</B> and an Appellate Court confirmed that he had <B>&#147;exercised those powers for the substantial purpose of benefiting himself and exacting revenge on shareholders he had come to resent.&#148;<SUP
STYLE="font-size:75%; vertical-align:top">2</SUP></B> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Other examples of Mr.&nbsp;Tuckwell&#146;s high-handed, self-serving conduct
and his violations of corporate governance practices abound in the proceedings of the Royal Court, including the following: </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">He decided to unilaterally change the nature of the company, converting it to a family office with the full
knowledge that the minority stockholders and independent directors would not have agreed to this change. The Royal Court stated that in doing so, <B>&#147;Mr.&nbsp;Tuckwell drove the Plaintiffs into a corner, and that was his design.&#148;<SUP
STYLE="font-size:75%; vertical-align:top">3</SUP></B> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Mr.&nbsp;Tuckwell awarded himself shares of ETF Securities under the company&#146;s long-term incentive plan
<B>without seeking the board&#146;s approval</B> and to enrich himself at the expense of his fellow stockholders. The board ultimately cancelled this inappropriate share allocation. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Mr.&nbsp;Tuckwell transferred company shares to his family&#146;s charitable foundation and then repurchased them
via a family office he jointly owned with his wife, to provide liquidity to his foundation and avoid capital gains tax. He did this without alerting the board or seeking board approval, and <B>in breach of the company&#146;s shareholders&#146;
agreement.</B> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Mr.&nbsp;Tuckwell also <B>breached his own contract with ETF Securities</B> by relocating to Australia without
informing his board, despite potential negative tax implications for the company, an action the Royal Court called <B>&#147;reckless.&#148;<SUP STYLE="font-size:75%; vertical-align:top">4</SUP></B> </P></TD></TR></TABLE>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Royal Court, Financial Technology Ventures II L.P., Millennium Technology Value Partners II L.P., Sig Growth
Equity Fund II L.L.L.P, v. ETFS Capital Limited, Graham Tuckwell (January 26, 2021) </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Court of Appeal, Financial Technology Ventures II (Q), LP&nbsp;&amp; Others v. ETFS Capital Limited, Graham
Tuckwell (June 29, 2021) </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">3</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Royal Court, see note 1. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">4</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Royal Court, see note 1. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g487892g41i71.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Royal Court stated that at a 2019 board meeting, Mr.&nbsp;Tuckwell became so &#147;irate&#148; when board
observers from the private equity firms were asking questions that he muted their phone lines, an act the Royal Court described as &#147;<B>grossly inappropriate</B>.&#148;<SUP STYLE="font-size:75%; vertical-align:top">5</SUP> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Someone like Mr.&nbsp;Tuckwell, who has previously violated his fiduciary duties to stockholders on multiple occasions at other companies, should not be on
the Board of your Company. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MR. TUCKWELL RECENTLY NEGOTIATED AGAINST WISDOMTREE&#146;S STOCKHOLDERS AND ENCOURAGED OUR LARGEST
CREDITOR, THE WORLD GOLD COUNCIL, TO SEEK A HIGHER PRICE FROM US SOLELY TO JUSTIFY A HIGHER VALUATION FOR HIMSELF </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">When WisdomTree acquired the
European asset management business of ETF Securities Limited in 2018, we assumed an obligation for fixed payments to ETFS Capital, the personal investment vehicle of Graham Tuckwell, with a subsidiary of the World Gold Council (the &#147;WGC&#148;)
as the ultimate recipient of <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the payment (the &#147;Contractual Gold Payment&#148;). With this obligation, <B>the WGC became</B> <B>WisdomTree&#146;s single largest creditor</B> and the recipient
of a fixed payment of physical gold bullion equating to 6,333 ounces of gold per year (representing <FONT STYLE="white-space:nowrap">two-thirds</FONT> of the 9,500 ounce Contractual Gold Payment) <B>continuing into perpetuity. </B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We had long sought to resolve the Contractual Gold Payment, which has been an overhang for our Company and our stockholders &#150;<B> </B>the Contractual Gold
Payment expense was approximately $17.1&nbsp;million during the year ended December&nbsp;31, 2022, and approximately $4.5&nbsp;million during the quarter ended March&nbsp;31, 2023. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Make no mistake &#150; the recent resolution of the Contractual Gold Payment obligation is a positive outcome for WisdomTree stockholders, which is 15%
accretive to 2023 consensus EPS estimates and expands our operating margin by 530 basis points. WisdomTree resolved this obligation for a consideration of only $137&nbsp;million, which compares to the $180&nbsp;million value we most recently
recorded on our balance sheet. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">After we had aligned with the WGC on price, <B>Mr.</B><B></B><B>&nbsp;Tuckwell attempted to raise the price WisdomTree
would pay to the WGC to enrich himself, at the same moment he proposed himself as a director of your Company with a fiduciary duty to protect your interests.</B> When his attempts to negotiate a higher price with our largest creditor failed, he then
attempted to take credit for this favorable outcome. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">His actions only underscore the depth of the conflict of interest Mr.&nbsp;Tuckwell has had for so
many years, with financial incentives not just different from those of other WisdomTree stockholders but diametrically opposed, <B>demonstrating yet again why he is wholly unsuited to serve as a fiduciary for stockholders other than himself.</B>
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MR. TUCKWELL HAS DISQUALIFYING AND UNRESOLVED CONFLICTS OF INTEREST THAT MAKE HIM UNSUITABLE AS A WISDOMTREE DIRECTOR </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Among the numerous reasons why we have consistently rejected Mr.&nbsp;Tuckwell&#146;s repeated demands to be added to the WisdomTree Board are his
significant, unresolvable conflicts of interest that in and of themselves disqualify him as a WisdomTree director. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">ETFS Capital is an investor in 21Shares, <B><I>a direct competitor of WisdomTree</I></B>, which offers 28 crypto
ETPs across Europe. On multiple occasions, Mr. Tuckwell has directly advised the WisdomTree Board that we should shut down our European crypto ETP business, which directly competes with 21Shares, an action that would benefit him but would hardly be
in the best interests of our other stockholders that do not also invest in direct competitors. <B>Mr. Tuckwell should not be involved in important and strategic decisions at WisdomTree while he has significant skin in the game at one of our major
competitors in Europe.</B> </P></TD></TR></TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">5</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Royal Court, see note 1. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g487892g41i71.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Mr.&nbsp;Tuckwell also owns several online industry publications, including ETF.com and ETFStream.com, that have
actively covered his multi-year campaign against WisdomTree in a flattering light and without seeking comment from WisdomTree, flouting journalistic best practices. <B>It is inherently a conflict of interest for publications owned by
Mr.</B><B></B><B>&nbsp;Tuckwell to cover his engagement with WisdomTree and business activities without stating their affiliation with him.</B> These articles provide stockholders and the public with a partial story and misinformed information,
misleading them into thinking these articles are written by an impartial media source, rather than a publication whose owner has a vested interest in this matter. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Mr.&nbsp;Tuckwell&#146;s obsessive desire to attack our Board and management has itself become a conflict of
interest, as he chose to respond to the Company&#146;s stellar first quarter performance by launching an unhinged attack on our earnings release. He&#146;s willing to foster a negative market perception of WisdomTree and to help push our stock price
down, all so that he can claim he can help it go up. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Lion Point Capital (&#147;Lion Point&#148;), an activist hedge fund that partnered
with ETFS Capital last year in his campaign against WisdomTree and has since disbanded their partnership, described working with Mr.&nbsp;Tuckwell as &#147;<B>getting into a cage with a tiger</B>,&#148; indicating <B>how difficult it is to work in
collaboration with Mr.</B><B></B><B>&nbsp;Tuckwell</B> &#150; and perhaps showing why Mr.&nbsp;Tuckwell lacks a partner this year. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Last year, at the last possible moment, Mr.&nbsp;Tuckwell attempted to unravel a cooperation agreement with
WisdomTree that had been thoroughly negotiated by both him and Lion Point. After every term had been hammered out and our respective counsels had exchanged signature pages, he and Lion Point instead issued a press release grossly mischaracterizing
both the agreement and the nature of the negotiations leading up to the agreement. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Given the constructive and positive nature of our negotiations with Lion Point, we can only conclude that it was
Mr.&nbsp;Tuckwell who deliberately derailed this agreement, placing his own personal agenda above the interests of other stockholders, including his fellow activist. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Conflicts of interest have long been a problem for Mr.&nbsp;Tuckwell. Even when he owned and ran ETF Securities,<B> </B>he was personally extracting millions
of dollars in gold payments from that company, which could have been used to diversify or grow the business and gone into the pockets of all stockholders through increased dividends or stock value. <B>Instead, this profit went into the pockets of
one single stockholder, Mr.</B><B></B><B>&nbsp;Tuckwell,</B> who as chairman of the company should have been serving the interests of all stockholders, and not just his own. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Mr.&nbsp;Tuckwell has proven himself to be incapable of putting his numerous and deep conflicts aside and representing the interests of stockholders other
than himself. These conflicts disqualify him from serving on WisdomTree&#146;s Board. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MR. TUCKWELL&#146;S NOMINEES DO NOT BRING ANY
NEW SKILLS OR COMPETENCIES THAT OUR COLLECTIVE BOARD DOES NOT ALREADY POSSESS &#150; OUR NOMINEES ARE MORE CAPABLE AND BETTER QUALIFIED </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Despite his
reputation for self-serving conduct and his failure to retain his partner from last year, Mr.&nbsp;Tuckwell has recruited two other individuals for this proxy contest and paid them to serve on his slate &#150; Bruce E. Aust and Tonia Pankopf. These
candidates do not have necessary experience relevant to WisdomTree or strong track records, nor do they bring expertise that the Board collectively does not already have.<B> Neither Mr.</B><B></B><B>&nbsp;Aust nor Ms.</B><B></B><B>&nbsp;Pankopf
bring any public company <FONT STYLE="white-space:nowrap">C-suite</FONT> experience or </B>ETF operational experience, or any experience related to digital and technology, which is a skillset we need on our Board. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g487892g41i71.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Specifically, our newest director Daniela Mielke and our new nominee Shamla Naidoo offer robust technology
expertise to our Board. All of our recently appointed directors and Ms.&nbsp;Naidoo demonstrate the caliber of director and the qualifications and skillsets that WisdomTree is actively seeking and appointing. Mr.&nbsp;Aust, Ms.&nbsp;Pankopf and
Mr.&nbsp;Tuckwell simply do not measure up. Further, given Mr.&nbsp;Tuckwell&#146;s conflicts of interest, behavior and questionable character, <B>we have to wonder why Mr.</B><B></B><B>&nbsp;Aust and Ms.</B><B></B><B>&nbsp;Pankopf would choose to
associate with him, beyond the fact that they are being paid.</B> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The belligerence Mr.&nbsp;Tuckwell regularly demonstrates could undermine
WisdomTree&#146;s strong and healthy culture and disrupt the functioning of our Board.</B> One recent example: in 2022, Mr.&nbsp;Tuckwell lashed out publicly at the Australian Securities Exchange (the &#147;Exchange&#148;), accusing it of
anti-competitive behavior for allegedly delaying the clearance of ETF Securities&#146; cryptocurrency funds while the Exchange developed its own products. In reality, Mr.&nbsp;Tuckwell&#146;s cryptocurrency funds had not met &#147;a basic
requirement&#148; for listing investment products on the Exchange, according to a spokesperson for the Exchange.<SUP STYLE="font-size:75%; vertical-align:top">6</SUP> <B>It seems that Mr.&nbsp;Tuckwell believes that contractual obligations,
corporate governance practices and the rule of law apply to other people, but not to him.</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have been dealing with Mr.&nbsp;Tuckwell for years, as
have many current and former employees of our European business.<B> </B>The reputation he earned during his tenure for creating a toxic workplace lingers and we fear that we would face<B> high levels of employee turnover and dissatisfaction,
particularly within our European business, should he play any role in leading this Company forward. </B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Moreover, we have a highly collaborative Board
that values a lively and meaningful discourse conducted in a respectful manner. Our Board thinks critically, embraces differing perspectives and backgrounds and adheres to a code of business conduct and ethics that applies to all our employees,
officers and directors. We&#146;re not just concerned that Mr.&nbsp;Tuckwell&#146;s ideas about WisdomTree and our strategy are different than ours &#150; we are concerned that if somehow elected to the Board, <B>he would be toxic to our boardroom
and disrupt our ability to execute on our strategy, rendering it all but impossible for the Board to do its job and act in the best interests of stockholders.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PROTECT YOUR INVESTMENT IN WISDOMTREE. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REJECT GRAHAM TUCKWELL AND VOTE THE <U>WHITE</U> PROXY CARD TODAY &#147;FOR&#148; <U>ALL SIX</U> OF WISDOMTREE&#146;S HIGHLY QUALIFIED
CANDIDATES </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">WisdomTree stockholders do not need Mr.&nbsp;Tuckwell or his paid nominees to enhance our Board. <B>We have the right strategy and the
right Board to oversee it</B>. Your vote for our six director nominees is essential so that we can continue our proven growth strategy and provide the benefits of that strategy to our stockholders. &nbsp;&nbsp;&nbsp;&nbsp; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sincerely, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Lynn S. Blake, Anthony Bossone, Smita Conjeevaram,
Daniela Mielke, Win Neuger, Frank Salerno, Harold Singleton III, Jonathan Steinberg </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About WisdomTree </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">WisdomTree is a global financial innovator, offering a well-diversified suite of exchange-traded products (ETPs), models and solutions. We empower investors to
shape their future and support financial professionals to better serve their clients and grow their businesses. WisdomTree is leveraging the latest financial infrastructure to create products that provide access, transparency and an enhanced user
experience. Building on our heritage of innovation, we are also developing next-generation digital products and structures, including digital funds and tokenized assets, as well as our blockchain-native digital wallet, WisdomTree Prime<SUP
STYLE="font-size:75%; vertical-align:top">&#153;</SUP>. </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">6</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Australian Financial Review:</I> &#147;ASX accused of delaying crypto ETFs on rival <FONT
STYLE="white-space:nowrap">Chi-X&#148;</FONT> </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g487892g41i71.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">WisdomTree currently has approximately $91.2&nbsp;billion in assets under management globally. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">WisdomTree<SUP STYLE="font-size:75%; vertical-align:top">&reg;</SUP>&nbsp;is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cautionary Statement Regarding Forward-Looking Statements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any statements contained in this letter that do not describe historical facts may constitute forward-looking statements within the meaning of Section&nbsp;27A
of the Securities Act of 1933, as amended, and Section&nbsp;21E of the Securities Exchange Act of 1934, as amended. Such statements are identified by use of the words &#147;anticipates,&#148; &#147;believes,&#148; &#147;estimates,&#148;
&#147;expects,&#148; &#147;intends,&#148; &#147;plans,&#148; &#147;predicts,&#148; &#147;projects,&#148; &#147;should,&#148; &#147;views,&#148; and similar expressions. Any forward-looking statements contained herein are based on current
expectations, but are subject to risks and uncertainties that could cause actual results to differ materially from those indicated, including, but not limited to, the impact and contributions of the slate of director nominees WisdomTree has
nominated, the effectiveness of the Company&#146;s board refreshment process in identifying candidates with the set of skills to oversee the Company&#146;s strategy, the ability of the candidates proposed by Mr.&nbsp;Tuckwell to enhance
WisdomTree&#146;s board or enhance its strategy, and WisdomTree&#146;s ability to achieve its financial and business plans, goals and objectives and drive stockholder value, including with respect to its ability to successfully implement its
strategy relating to WisdomTree Prime<SUP STYLE="font-size:75%; vertical-align:top">&#153;</SUP>, and other risk factors discussed from time to time in WisdomTree&#146;s filings with the SEC, including those factors discussed under the caption
&#147;Risk Factors&#148; in its most recent annual report on Form <FONT STYLE="white-space:nowrap">10-K,</FONT> filed with the SEC on February&nbsp;28, 2023, and in subsequent reports filed with or furnished to the SEC. WisdomTree assumes no
obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today&#146;s date. <B>Important Additional Information and Where to Find It</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">WisdomTree filed a proxy statement on Schedule 14A, an accompanying <B><U>WHITE</U></B> proxy card and other relevant documents with the SEC in connection
with such solicitation of proxies from WisdomTree stockholders for WisdomTree&#146;s 2023 Annual Meeting. <B>WISDOMTREE STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ WISDOMTREE&#146;S DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR
SUPPLEMENTS THERETO), ACCOMPANYING WHITE PROXY CARD, AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. </B>Investors and stockholders may obtain a copy of the definitive proxy
statement, an accompanying <B><U>WHITE</U></B> proxy card, any amendments or supplements to the definitive proxy statement and other documents that WisdomTree files with the SEC at no charge at the SEC&#146;s website at <U>www.sec.gov</U>. Copies
will also be available at no charge on WisdomTree&#146;s Investor Relations website at <U><FONT STYLE="white-space:nowrap">https://ir.wisdomtree.com/sec-filings</FONT></U> or by contacting Jeremy Campbell, Head of Investor Relations, at
<U>jeremy.campbell@wisdomtree.com</U>, as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investors and stockholders can find out more about the proxy vote at the 2023 Annual Meeting by visiting the WisdomTree investor relations website and
navigating to the page entitled &#147;2023 Annual Meeting&#148;: <U>https://ir.wisdomtree.com/2023-annual-meeting-proxy-vote</U>. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Disclaimer </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">WisdomTree has neither sought nor obtained the consent from any third party to use any statements or information contained in this letter that have been
obtained or derived from statements made or published by such third parties. Any such statements or information should not be viewed as indicating the support of such third parties for the views expressed herein. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g487892g41i71.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Contact Information </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investor Relations </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">WisdomTree, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jeremy Campbell </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">+1.646.522.2602 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Jeremy.campbell@wisdomtree.com </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Innisfree M&amp;A Incorporated </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jonathan Salzberger / Scott
Winter </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">+1.212.750.5833 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>jsalzberger@innisfreema.com /
swinter@innisfreema.com</U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Media Relations </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">WisdomTree,
Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jessica Zaloom </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">+1.917.267.3735 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>jzaloom@wisdomtree.com / wisdomtree@fullyvested.com</U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">H/Advisors Abernathy </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jeremy Jacobs / Dana Gorman </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">+1.202.774.5600 / +1.212.371.5999 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U><FONT
STYLE="white-space:nowrap">jeremy.jacobs@h-advisors.global</FONT> / <FONT STYLE="white-space:nowrap">dana.gorman@h-advisors.global</FONT></U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Category:
Business Update </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g487892g41i71.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g487892g41i71.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M1O#VJVVE7:7$EB^H@"8+VR4(SZ$CKB@#[A3Q?\080J?\*M41*, 0Z];\?@5
MH NP>-_%B ?;OAKK$8_Z8:C92_SE6@"_%XZN>EWX/\2VQ][>*0#_ +]R-0!M
M:?XAM[^6.);>_@E<9"7%G+'^I&/UH UZ "@ H * #.* "@"AK.D6VNZ7=Z=?
MA_L]S&8W,;E&&1C(8<@CL10!\_?#GQ-K-M\"V\,B]D'CBRU2X\(_:I69W%T)
M647#$\G$)$Q/?:: )].\4:EXP^!NG^'=5N)U\83:BOA"^F1V61+F*39--N!R
M#Y,;3 CU% 'HVD>);VR\;^)?"MI8P-I6@:1:7EJD6XSRM(9AY99B0?\ 4\'J
M2W- $?PY\:ZEXZ\.)X@M]0T::SN+4DV]O#();"Z'WH9<MR5Z$$*<CI@T 8_A
MSQUX]UWX7Z-XVL-,T34+B[LA?2Z/#YL#NN"2D4I9AOP.-R@$]QUH U;;XK0^
M*!X1M_ J13W?B>P;58GNP0MI:KLW/(HY+;I%0*".<\@+0!+?^--:\(>+?#FC
M^+([*ZTOQ',UE::C9QM$8+H(T@CEC9F^5U1]K ]5P1R#0!-X*^)<7BKQ?XP\
M-3VWV6]T&ZV0D]+NW("^:OKB19$;T*CUH R= UO2/C3>^)+#4[*X73O#>JI'
M:[+B2+[8I@5EF.PC*$N^T=" #0!Q7PY\ :-XC\9?%W3-7&HRV.FZQ%:62?VG
M<C[-&;2%R$/F<?,[-]30!T&N_%#Q/H!\=3V5AIU_8>$;ZUMA:!9%N+N*6.)C
MM?<1Y@\T #;AB.V: .G\>>-]3\->*_!VD6,NE6]IKSW4<MUJ"L1 8H3(I&'4
M<X(P30!5\6>.M:\.2> +=+G0BWB&[-G=WCAS F+>27?'\XX)CP 3_%UH N:9
M=^-[KQ1IDLDVE7/AN2VS/-9@>6[\_,A)+>G'(H ]!H 0]#B@#RS1OA5<:5\9
M=>\8&Z0Z)?0QW,-@O\%^8_)EF(]X411_O-0 FD_"FXTOXT:SXP2Z3^PKV!+F
M/3Q_!J!3R9)\>\*(OU+4 :,'AKQ!9?$OQ=XCM(;,VNHZ/:VED9)CS/"TS?O%
M X4F51D$G@\4 4_#/@G4+?QOKOB]])MM%FU735M;JPM[D2"]N%8D3R$ *& )
M0-C<0>>@% %'P#H/COPO\+]&\(#3=+M=5L+$67]I&\,L*$#'F! H9CCG:<<\
M9[T )_PJ6Z\'R>!]2^'DL,E[X5T]])DM;Y]BZC:/L+@NH.R0/&K@X(R2",'(
M -V^\,ZOXU\1>&M2\2V<.G:9X>N3J$-DDXFEGN?+:-&9@ JHJNY &221T P0
M#E+CX1Z_J-EI=];ZA!HWB2WU*_-S<1,91+87DS-+$" #O"F-E)X5XQVH ZSP
MIX,O?"OC_P 37MI;VR^'-4L[&.W6.4[X'MT>,J5Q]TJ8\'/\)H J_#GPCKGA
MKQK\1]3U>"V6P\1ZG'?6;0S[V55@CB(<8&"?+SP3UH P;[X07^M^(/'FIS-#
MI>I:A?VVH:'JUO)YDEM)# B*9$P R[D;*$D%6(X/0 MZ_P"&_&'B#6? .LZM
MH.CSW&@-=&_M([S]U,TD/EJT6].F23A@"!W- %KQ;X4U[67^'MY::%I3#0;Y
M[J[TTW.V-$-O)$J1G9AB/,!Y 'RGVH ] \.QW$.CVT=YIUKILB@@6=J^^.%<
KG:H( '3'0 9H U* "@ H * "@ H * "@ H * "@ H * "@ H * "@#__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
