Intelsat S.A. (fka INTEQ)

[DeadBatBounce]

(a) Classification: Class J3 consists of all Interests in Intelsat.

(b) Treatment: No distributions shall be made under the Plan in respect of Interests in Intelsat. On the Effective Date, Holders of Interests in Intelsat shall have their Interests in Intelsat diluted and extinguished by the equity distributions made pursuant to the Plan and shall receive no distribution on account of their Interests. Holders of Interests may receive a de minimis Cash payment in lieu of any fractional interest retained.

(c) Voting: Class J3 is Impaired under the Plan. Holders of Allowed Interests are conclusively presumed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code. Holders of Allowed Interests in Intelsat are not entitled to vote to accept or reject the Plan.

Your old shares will be wiped out; you will receive new shares in place of your old ones at the diluted rate. Example, if you own 1000 shares they may take 1/3 of those for the dilution rate. You're left with 666 shares of the new company. The fractional shares would be in cash (de-minimis or of little value), as a fractional share would be worthless. It may take years to recover your losses; but there is still hope.