Smart Sand, Provider of High Quality Proppant to the Oil and Gas Industry, Announces Major Investment in Oakdale …

FAIRLESS HILLS, Pa. SANTA MONICA, Calif.–(BUSINESS WIRE–

Smart ("Smart Sand" or the "Company" and Clearlake Capital
Group, L.P. ("" today announced a major investment in the
Company's state-of-the-art facility in . The
facility, located on more than 1,100 acres, has an initial processing
capacity of over one million tons per year, an extensive base of
in-place permitted frac sand reserves, and is expected to be operational
later this month.

Smart Sand was founded in 2010 to supply much-needed high-quality
proppant to the unconventional oil and gas industry. The Oakdale
facility is strategically located on a major rail line, which will
enable reliable, cost-effective delivery of large volumes of premium
Northern White frac sand direct to key producing regions, including the
Bakken and Eagle Ford formations, and the Utica and Marcellus shales.
Smart Sand's extensive reserve base will allow it to produce a wide
range of products for the production of unconventional oil and gas
including 20/40, 30/50, and 40/70 mesh sizes.

Charles Young, founder, president and board member of Smart Sand, said,
"We are very pleased to announce the construction of this facility,
which will provide reliable supplies of high-quality frac sand to our
industry partners. With an extensive reserve base, Smart Sand will be
able to easily expand its processing capacity and adjust its production
mix to accommodate customer needs in the highly dynamic unconventional
oil and gas market. Smart Sand’s value proposition and logistical
advantages are clear, and we are also pleased to announce that we have
already committed a significant portion of our initial production
capacity."

Clearlake first invested in Smart Sand in September 2011, partnering
with existing management and committing up to $75 million. José E.
Feliciano, founding partner at Clearlake and chairman of the Smart Sand
board of directors stated, "Smart Sand is an exciting company that is
well-positioned to deliver an essential, consumable product to the
growing unconventional oil and gas industry. We believe the quality of
the sand and the company's superior access to rail and transportation
logistics, plus its extensive reserve base and its ability to further
expand capacity, will make the company a low-cost producer and a key
supplier to the hydraulic fracturing supply chain. "

Andrew Speaker, chief executive officer and board member of Smart Sand,
said, "Smart Sand is also pleased to partner with Clearlake, a sponsor
with strong financial resources and deep energy sector expertise. We
look forward to building on this exciting start as we seek to become the
supplier of choice in the industry."

Colin Leonard, a vice president at Clearlake, also serves on Smart
Sand's board of directors.

Smart Sand, Inc. provides high-quality proppant to the oil and gas
industry. The company has more than 1,100 acres at its main facility in
Oakdale, Wisconsin. Smart Sand's facilities are located near major rail
transport lines, ensuring reliable, cost-effective delivery to major
North American shale plays. The company was founded in 2010. For more
information, please visit www.smartsand.net.

Clearlake is a private investment firm focused on special situations
private equity such as corporate divestitures, recapitalizations,
buyouts, restructurings, turnarounds and other equity investments.
Clearlake seeks to partner with world-class management teams by
providing patient, long-term capital and operational expertise to invest
in businesses going through change. Clearlake's founding principals have
led over 50 investments totaling more than $3 billion of capital in the
firm's core target sectors: industrials and energy, technology and
business services, and consumer and healthcare. For more information,
please visit www.clearlakecapital.com.

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