Creditor Co-Proponents And JPMorgan Chase Agree To Amended Joint Plan Of Liquidation Of MF Global Holdings Ltd.

   Creditor Co-Proponents And JPMorgan Chase Agree To Amended Joint Plan Of
                    Liquidation Of MF Global Holdings Ltd.

--Confirmation Hearing scheduled for April 5, 2013

PR Newswire

NEW YORK, March 5, 2013

NEW YORK, March 5, 2013 /PRNewswire/ -- Louis J. Freeh, the Court appointed
Chapter 11 Trustee of MF Global Holdings Ltd. ("Holdings Ltd."), is pleased to
announce that JPMorgan Chase Bank, N.A., as Agent for the $1.2 billion
revolving credit facility ("JPM") and the Creditor Co-Proponents of the
Amended Joint Plan of Liquidation (the "Plan") have reached an agreement to
modify the Plan to resolve the objections of JPM.

The settlement, reached through court ordered mediation, provides that the
"Interco Settlement" in the Plan will be adjusted to include the subordination
of $275 million of the $1.887 billion intercompany claim of Holdings Ltd.
against MF Global Finance USA Inc., to the lenders' claims under the
approximately $1.2 billion revolving credit facility and a distribution of all
recoveries under the plan on such subordinated claim to the lenders under the
facility. The settlement will result in a slightly modified distribution
range for unsecured creditors, which will be filed shortly with the Bankruptcy
Court. Creditors have until March 25, 2013 to vote on the Plan.

"The settlement is in the best interest of creditors as it removes a major
hurdle to confirmation of the Plan. I applaud the efforts of the parties
involved in resolving this dispute through mediation rather than litigation,"
noted Freeh.

The confirmation hearing is currently scheduled for April 5, 2013.

MEDIA CONTACTS
Jeffrey Goldberger/Lewis Goldberg
KCSA Strategic Communications
212-896-1249 / 212-896-1216

SOURCE MF Global Holdings Ltd.
 
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