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The Class Representatives and their attorneys, appointed by the Court to serve as Class Counsel, believe that the Settlements are
<br />best for all members of the Class. If the Settlements are approved by the Court and the Court's approval order becomes final, the
<br />Settlement Amounts will be paid into the settlement fund in exchange for dismissal and resolution of the claims against them.
<br />These Defendants are the last remaining Defendants in the case. However, if any one of these Settlements with a particular
<br />Defendant is not approved, the litigation will proceed against that Defendant. If you participate in these Settlements, you will
<br />keep your rights to participate or exclude yourself from any other class that may be certified by the Court in this lawsuit as a
<br />' result of Plaintiffs' motion for certification of such a class or as a result of a settlement with one or more of the other Defendants.
<br />WHO IS AFFECTED BYTHE SETTLEMENT?
<br />To see if you are affected by the Settlements, you first have to determine if you are a member of the Class.
<br />8. How:do'I know if I am a�memlier of the Class? _
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<br />Included in the Class are state, local and municipal government entities, independent government agencies, quasi -government,
<br />and private entities that purchased municipal derivative transactions through negotiation, competitive bidding, or auction:
<br />• From any Alleged Provider Defendant or Alleged Co -Conspirator or brokered by any Alleged Broker. Defendant or Alleged
<br />Co -Conspirator described in Question 4 (a complete list is available at www MunicipalDerivativesSettlement.com);
<br />• At any time from January 1, 1992, through August 18, 2011; and
<br />• In the United States and its territories or for delivery in the United States and its territories.
<br />�9 Are tii� °e'exc th eer -
<br />n�o°b`` -
<br />•uic ' tided tin � `e'.Cl s.
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<br />Excluded from) the Class are:
<br />• UBS AG, Societe Generale S.A., Natixis Funding Corp., Piper Jaffray & Co., National Westminster Bank Plc, George K.
<br />Baum & Co �, and their affiliates, and any of their officers, directors or employees.
<br />• Any judge, justice or judicial officer presiding over this matter and the members of their immediate families and judicial staffs.
<br />• Any AllegedlProvider or Broker Defendant or Alleged Co -Conspirator.
<br />10?l7ta<;I:m= till:•n= _ :4 _,,:
<br />,S 4.t�st�re�if'I?ln'in�ii�ded�in:the•�C
<br />-,.._e.,-..,....._....�, „"._...-,.� ,....d...,..,-..__ ... ... .. _ - - - .,.{kyr=t`ty- dig-i_i��':.,;• If you are not sure whether you are a member of the Class, you may visit the Municipal Derivatives Settlement website at
<br />www.MunidpalDerivativesSettlement.com, call toll-free 1-877-310-0512, or write to Municipal Derivatives Settlement,
<br />c/o Rust Consulting, P.O. Box 2500, Faribault, MN 55021-9500.
<br />You may also want to call your broker(s) to see if you purchased municipal derivative transactions from January 1, 1992, to
<br />August 18,201!1.
<br />THE SETTLEMENT BENEFITS
<br />;11:' atd'oFs:tlre}Se`-
<br />Under the Settlement, the Settlement Amounts are as follows:
<br />• UBS AG $ 32 million
<br />• Natixis Funding Corp. $ 28.4525 million
<br />• Societe Generale S.A. $ 25.4125 million
<br />• Piper Jaffray & Co. $ 9.75 million
<br />• National Westminster Bank Plc $ 3.5 million
<br />• George K. Baum & Co. $ 1.4 million
<br />UBS AG, Societe Generale S.A., Natixis Funding Corp., Piper Jaffray & Co., and George K. Baum & Co., will also provide
<br />reasonable cooperation to Class Plaintiffs' Counsel (to the extent necessary if any of the settlements are not finally approved),
<br />as described in the Settlement Agreements. In addition, UBS AG, Societe Generale S.A., Natixis Funding Corp., Piper
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