WMI Liquidating Trust Announces Distribution

                 WMI Liquidating Trust Announces Distribution

WMI Liquidating Trust to Distribute Approximately $88 Million

PR Newswire

SEATTLE, Oct. 31, 2012

SEATTLE, Oct. 31, 2012 /PRNewswire/ -- WMI Liquidating Trust (the "Liquidating
Trust"), formed pursuant to the confirmed Seventh Amended Joint Plan of
Affiliated Debtors under Chapter 11 of the United States Bankruptcy Code (as
modified, the "Plan") of Washington Mutual, Inc. ("WMI"), today announced that
it will make a distribution (the "Distribution"), as required under the Plan,
of approximately $88 million to beneficiaries of the Liquidating Trust in a
manner consistent with the Plan.

In accordance with the priority of payments described in Exhibit H to the
Plan, the Distribution will be allocated to claimants in "Tranche 2" and
"Tranche 3" in the following amounts: $9 million to holders of Allowed Senior
Notes Claims; $37 million to holders of Allowed Senior Subordinated Notes
Claims; $3 million to holders of General Unsecured Claims; and $39 million to
holders of CCB Guarantees Claims.After the Distribution, Senior Notes Claims
and Senior Subordinated Notes Claims will have been paid entirely.

For purposes of the Plan, the Distribution Date will be November 1, 2012;
however, due to factors including potential systemic disruptions attributable
to Hurricane Sandy, actual payments on account of the Distribution will not be
initiated until Monday, November 5, 2012. Additionally, the Liquidating Trust
is cognizant that finalizing the Distribution also could be subject to delay
as a result of such disruptions. More detail associated with this
Distribution will be reflected in the next Quarterly Summary Report (the
"QSR") to be filed by the Liquidating Trust with the United States Bankruptcy
Court for the District of Delaware (the "Bankruptcy Court") for the period
ending September 30, 2012 (which QSR expected to be filed on or about October
31, 2012).

The Distribution is possible primarily as a result of orders entered by the
Bankruptcy Court disallowing certain claims, and thereby, permitting the
release of a claim reserve of approximately $78 million that has been
established in conjunction with various disputed claims, as well as
approximately $10 million for amounts received on account of other activities,
including the Liquidating Trust's interest in certain debt securities issued
by WMI Holdings Corp. and remaining cash amounts held at subsidiaries.

Further information about WMI Liquidating Trust can be found at
www.wmitrust.com.

SOURCE WMI Liquidating Trust

Website: http://www.wmitrust.com
Contact: Andrew Siegel, Jed Repko, or Aaron Palash, all of Joele Frank,
Wilkinson Brimmer Katcher, +1-212-355-4449
 
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