Avenue Capital Group Issues Statement

                    Avenue Capital Group Issues Statement

PR Newswire

NEW YORK, July 31, 2013

NEW YORK, July 31, 2013 /PRNewswire/ --Avenue Capital Group today issued the
following statement:

The Form 4 filed at approximately 3:19 pm ET today by Marc Lasry and Avenue
Capital Management II, L.P. reporting the purchase of YRC Worldwide Inc.
common shares on July 29, 2013 contained an inaccurate transaction amount in
Item 4 of Table I. The error was the result of a clerical inaccuracy in the
computerized form filing. The ownership amount reported in Item 5 of Table I
of the Form 4 was correct. Mr. Lasry and Avenue Capital Management II, L.P.
have since filed an amended Form 4 which reflects the accurate transaction
amount in Item 4 of Table I.

About Avenue Capital Group
Avenue Capital Group is a global investment firm focused on undervalued
opportunities in the private and public debt, equity and real estate markets
in the U.S., Europe and Asia. As of June 30, 2013, Avenue oversees
approximately $12.2 billion of assets under management.

Contact: Todd Fogarty
         Kekst and Company
         212-521-4854
         todd-fogarty@kekst.com

SOURCE Avenue Capital Group
 
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