| 30.12.2009 - Jersey/Vienna – The Board of Directors announced today an
update to the information provided to certificate holders at the Annual General Meeting held in Vienna on 7 October 2009. The initial guidance regarding the range of potential outcomes provided to Certificate Holders on 16th June 2009 and updated as part of the AGM on 7th October 2009 continues to be appropriate in the view of the Board of Directors (a total payout of between EUR 7.00 and EUR 8.10 per certificate inclusive of the EUR 6.90 per certificate already distributed to Certificate Holders). The Board of Directors is making no announcement regarding further cash distributions to Certificate Holders at this time.
The Board of Directors further confirmed today that it continues to work withrepresentatives of Meinl Bank toward reaching a definitive binding agreement forthe settlement of all outstanding claims and litigation together with the sale ofcertain of its development assets. The Board of Directors will provide further details to Certificate Holders if and when a definitive binding agreement is reached andreminds Certificate Holders that until such time, there is only a non-binding agreement in place.
Finally, the Board of Directors announced that it continues to progress further discussions with certain interested parties regarding the sale of PI‘s interests in its remaining assets.
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