Starboard Sends Letter to CEO and Board of Brink's and Discloses Increased 12.4% Ownership Stake

Cites Concerns over Brink's Long Track Record of Poor Performance and Failed Turnaround Attempts

Believes There Is an Opportunity to Significantly Improve Profit Margins to Levels In-Line with or Better Than its Direct Peers

Outlines the Components of a Comprehensive Operational Turnaround to Substantially Increase Shareholder Value

News provided by

Starboard Value LP

Oct 05, 2015, 08:17 ET

NEW YORK, Oct. 5, 2015 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), the largest shareholder of The Brink's Company (NYSE: BCO) ("Brink's" or the "Company"), today announced that it has increased its ownership stake in Brink's to approximately 12.4% and has delivered a letter to Brink's CEO, CFO and Board of Directors (the "Board"). In the letter, Starboard outlines Brink's history of poor performance and missed execution as well as the compelling opportunity to improve operating performance and create substantial shareholder value. Starboard looks forward to continuing a constructive dialogue and cooperative relationship with senior management and the Board.

The full text of Starboard's Letter to Brink's is available for viewing at the following link:
http://www.starboardvalue.com/publications/Starboard_Value_LP_Letter_to_BCO_10.05.15.pdf

About Starboard Value LP

Starboard Value LP is a New York-based investment adviser with a focused and fundamental approach to investing in publicly traded U.S. companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.

Investor contacts:

Peter Feld, (212) 201-4878
Gavin Molinelli, (212) 201-4828
www.starboardvalue.com

SOURCE Starboard Value LP