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23.Wh'at.'s.the differenceaietween oli'eet i" :to'th'e'S.ettlement and excludin m self from.tlle Class> p q p Objecting is si imply telling the Court that you don't agree with something about the Settlements.You can object to the Settlements only if you stay in the Class.Excluding yourself is telling the Court that you don't want to be part of the Class. If you exclude yourself,you have no basis to object because the Settlements no longer affect you. i E THE COURT'S FAIRNESS HEARING C - en n l `r d` w r:` v errients. - 29:Wh a d w e e:wilhtlie`Cout deet e,.. �ietlie _to`a ro a the Se"ttl = The Court has I scheduled a Fairness Hearing on July 8, 2016, at 2:00 p.m. at the United States District Court for the Southern District of New York,500 Pearl Street,New York,NY 10007.At the Fairness Hearing,Judge Marrero will consider whether the Settlements and plan of allocation are fair,reasonable and adequate.The Court will consider any objections and whether to approve Class Counsel's request for reimbursement of litigation fees and expenses.The Court may change the time and date of the Fairness Hearing.If so,notice of any change will be posted at the courthouse or on the Court's website. The change willialso be posted at www.MunicipalDerivativesSettlement.com.You should confirm the time and location of the Fairness Hei ng if you plan to attend. - •,ri.? - - d<f. 7pLa�a=i' -:!',S tf' - - _- _ -. _ .. _ - - s;$`_-_ <iir_; .p. -ZS.Do`I-have:fo�co�"e�to the he - - 111 aIIA �.Y,•h`� ''''t'� -.:`i� - -- .[:�:^:::•i '. :. _ -.._. _ ....r.:. .... :'••. .-[.. .. it.i:".i• .:.Y:.•..r No.At the Fairness Hearing,Class Counsel will represent all the Class.However,you or your attorney may attend at your own expense.If.you send an objection,you don't have to come to Court to talk about it.As long as you mailed a.written objection meetirig the requirements set forth in Question 22,the Court will consider it. I N." -- - _ _ �,-:'+Y--wry. .vj�.' �;:F_:a:t4:ii;f`.:�i:jy �;�"%� -:Y.: _ _- .. .:y�y.v.�. -_ 26:1VI^". I. alt at:•tlitn Yes.If you don't exclude yourself from the Class,you may ask the Court for permission for you or your attorney to speak at the Fairness Hearing at your expense.To do so,however,no later than June 20,2016 you must: (1) File a written notice of your intention to appear,along with any other papers or briefs supporting your objection,with the Clerk of Court at the address listed in Question 22; and (2) Mail or deliver copies of the notice and any supporting papers or briefs to the addressees listed in Question 22. The notice must be accompanied by; (a) A signed statement indicating your position on the Settlement(s);and (b) Proof of your membership in the Class (such as documents showing that you purchased municipal derivative transactions from or through one or more of the Defendants or Alleged Co-Conspirators from January 1, 1992,to August 181 2011). IFYOU DO NOTHING I You do not need to do anything to remain in the Class.You are automatically a Class member if you fit the definition in Question 8.You will be bound by all Court orders,good or bad,and you give up your right to sue UBS AG,Societe Generale S.A.,Natixis Funding Corp.,Piper Jaffray&Co.,National Westminster Bank Plc,and George K.Baum &Co.,about the issues in this case if you do not exclude yourself. As explained in Question 13, to be considered for payment, your Claim must be submitted online (at www. MunicivalDerivativesSettlement.com),OR mail it by July 28,2016.If you previously submitted a Claim Form,and you do not have any changes to make to it,you do not need to do anything—your previous Claim Form will be used for these settlements. GETTING MORE INFORMATION 28.Are.there riror�e.deia ls�a :sit tlre:S'ettle&en$?` r,MMrMM�ll11 This notice only I ummarizes the Settlements.More details and the full controlling terms are in the Settlement Agreements between the Plaintiffs and Defendants. You can get a copy of each of the Settlement Agreements by visiting www.73 MunicipalDerivativesSettlement.com. -9-