Trustee Giddens Achieves Milestone: Final 100 Percent Distribution to All Former MF Global Inc. Customers Begins April 4, 2014

  Trustee Giddens Achieves Milestone: Final 100 Percent Distribution to All
             Former MF Global Inc. Customers Begins April 4, 2014

PR Newswire

NEW YORK, April 3, 2014

NEW YORK, April 3, 2014 /PRNewswire/ --James W. Giddens, Trustee for the
Securities Investor Protection Act (SIPA) liquidation of MF Global Inc.
(MFGI), today announced the final, 100 percent distribution to fully satisfy
all claims of former MFGI public customers. With this distribution, a total
of $6.7 billion will have been returned to over 26,000 securities customers
and commodities futures customers. Distributions will commence on Friday,
April 4, 2014, and will continue for several weeks.

"It gives me great pleasure to say that checks are going in the mail that will
make all public customers of MF Global Inc. 100 percent whole," Giddens said.
"When MF Global failed more than two years ago, few thought a way could be
found to make customers whole. This is the result of Herculean efforts by
many professionals, including Hughes Hubbard & Reed LLP and Deloitte & Touche

The distribution is possible because of a number of innovative steps,
including a temporary loan of general estate property and an assignment and
subrogation of rights approved by the Honorable Bankruptcy Court Judge Martin
Glenn and confirmed on appeal by the Honorable District Court Judge Victor
Marrero. As a result of earlier agreements also approved by the Court, it is
anticipated that additional funds will be received from MF Global UK, Ltd.,
which is being administered by Richard Heis at KPMG LLP.

Setting the stage for full customer distribution started on October 31, 2011,
when the Trustee and his staff began working around the clock to identify
customer property through exhaustive investigation and forensic accounting,
including tracing the more than $105 billion in transactions made in and out
of MFGI in the last week before bankruptcy. Once identified, efforts to
marshal customer property often required litigation and complex negotiation.

The Trustee is grateful for the guidance of the Securities Investor Protection
Corporation and the assistance and cooperation of the Securities and Exchange
Commission and the Commodity Futures Trading Commission.

The 100 percent customer recovery does not diminish the consequences of the
unprecedented customer property segregation failure that led to MFGI's
liquidation, including the length of time customers have been without their

Additional Information

  oNumber of 4d customers: 24,020
  o4d customer property returned: $5.4 billion

  oNumber of 30.7 customers: 2,047
  o30.7 customer property returned: $880 million

  oNumber of securities customers: 428
  oSecurities customer property returned: $376 million

The information in this statement does not apply to any other MF Global
entity, including separate insolvency proceedings involving the parent
company, MF Global Holdings Ltd.

SOURCE Office of the Trustee for the Liquidation of MF Global Inc.

Contact: Kent Jarrell, 202-230-1833; or Jake Sargent, 202-569-5086; both for
MF Global Inc. Trustee
Press spacebar to pause and continue. Press esc to stop.