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UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK
<br /> IfYou Purchased Municipal Derivative Transactions
<br /> from January 1, 1992, to August 18,2011
<br /> You Could Get a Payment from a Class Action Settlement with
<br /> UBS AG,Societe Generale S.A.,Natixis Funding Corp.,Piper Jaffray&Co.,
<br /> National Westminster Bank Plc,and George K.Baum&Co.
<br /> AFederal Court authorized this notice.It is not a sohotation from a lawyer.
<br /> • A class action lawsuit called In re Municipal Derivatives Antitrust Litigation is pending in the United States-District Court
<br /> for the Southern District of New York.The lawsuit alleges price-fixing in the sale of municipal derivative transactions by
<br /> UBS AG, Societe Generale S.A., Natixis Funding Corp., Piper Jaffray &Co., National Westminster Bank Plc, George
<br /> K. Baum & Co., and other companies (which together are called the "Defendants"). Each Defendant has denied and
<br /> continues to deny(1) each and all of the claims and allegations of wrongdoing made by Class Plaintiffs in the Action and
<br /> maintains that it has meritorious defenses; (2) all charges of wrongdoing or liability against it arising out of any of the
<br /> conduct,statements,acts,or omissions alleged,or that could have been alleged,in the Action,and contends that the factual
<br /> allegations made in the Action relating to it are materially inaccurate; and (3) that Class Plaintiffs or any Class Member
<br /> were harmed by any conduct of Defendant alleged in the Action or otherwise. Each Defendant agreed to enter into this
<br /> Agreement.solely to avoid further the expense,inconvenience,and the distraction of burdensome and protracted litigation.
<br /> • Proposed sl ttlements of that class action lawsuit ("Settlements") have been reached with UBS AG, Societe Generale
<br /> S.A.,Natixis Funding Corp.,Piper Jaffray&Co.,National Westminster Bank Plc,and George K.Baum &Co.("Settling
<br /> Defendants"),Defendants in the above litigation.To resolve the claims against them,the Settling Defendants have entered
<br /> into separate Settlements,and have agreed to pay settlement amounts in the aggregate over$100 million (the"Settlement
<br /> Amounts") as detailed within this notice,subject to the terms and conditions of the Settlement Agreements for the benefit
<br /> of the Class (defined below),and,in some instances,to provide reasonable cooperation,including discovery cooperation,
<br /> to Class Plaintiffs'Counsel for the benefit of the Class.Co-Lead Counsel,jointly with Certain State Attorneys General,
<br /> reached the settlements with Societe Generale SA and Natixis Funding Corporation that are addressed within this Notice.
<br /> • The Settlement must be approved by the Court to become final.The Court will hold a hearing on July 8,2016,at 2:00 p.m.
<br /> to consider whether the Settlements should be approved as fair,reasonable,and adequate to the Class("Fairness Hearing").
<br /> YOUR OPTIONS FORTHE
<br /> This is the only way to be eligible to get a payment from the
<br /> STAY I i`PTIEsSettlement Amount from the settlements with Defendants. No action required
<br /> ... - _ =i _ q
<br /> -to - This payment will be made at a later time.
<br /> You will ~4 -
<br /> {'..;.` get no payment from the Settlement Amount.
<br /> Excluding yourse
<br /> CClf from the Class is the only way to keep
<br /> .F: LID 1�0 )RFTr
<br /> the right to sue Defendants,at your own expense,or be part May 17,2016
<br /> of any other lawsuit against Defendants,for the same legal
<br /> claims alleged in this lawsuit.See Question 16.
<br /> I�_II�GTake no position on the Settlements.You are automatically
<br /> DO <aN0'I II ?.
<br /> a member of the Class if you fit within the definition of the
<br /> ti:C�.AIIr` OR1s!I= July 28,2016 (claim deadline)
<br /> Class.See Question 8.You will claim form to
<br /> need to file a
<br /> 0
<br /> receive anpayment.See Questi n 13.
<br /> QOBJiEC ''; - Write to the Court about whyyou don't like the Settlements.
<br /> ` y June 20,2016
<br /> See Question 22.
<br /> ..a
<br /> °Y Tr Ask to speak to the Court,on your own or through a lawyer
<br /> tJ: �T0�1' :;,:,.,_.. • y g July 8,2016 at 2:00 .m.
<br /> at and 26. � P
<br /> j.;_.? ,- .vF ;ri'- •.:-: ;-.- your expense.See Questions 22 '
<br /> PLEASE READ THIS ENTIRE NOTICE CAREFULLY.
<br /> IT EXPLAINS YOUR RIGHTS AND OPTIONS REGARDING THE SETTLEMENT
<br /> AND STATES THE DEADLINES FOR EXERCISING THEM 62
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