Ares Acquisition III ^{Filed Terms, NYSE: AAC.U}

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. Consistent with our strategy, we have identified the following general criteria and guidelines that we believe will be important in evaluating prospective target businesses. We will target one or more businesses that we believe have the following core attributes: a differentiated and sustainable business model with a defensible market position; strong people, processes and culture; attractive growth prospects, including an ability to capitalize on positive secular tailwinds and impactful macro-level trends; a strong customer base; sufficient scale and resources to achieve a successful transition into the public market; will benefit from having a public currency to enhance its ability to grow organically and/or through M&A; and will benefit from Ares’ relationships and deep value creation capabilities. We may pursue an initial business combination target in any business or industry.