Stakeholders were issued beneficial interests in the WMI Liquidating Trust in exchange for their unpaid claims against or equity interests in the Debtors (“Liquidating Trust Interests” or “LTI’s”). The LTI’s are not transferable except by will, intestate succession, or operation of law ---------------------------------------------------------------------------------------- The following chart summarizes distributions to creditors and equity interest holders in both the Initial Distribution and as represented by the transfer to the WMI Liquidating Trust http://bankrupt.com/misc/washingtonmutual_febmor.pdf ----------------------------------------------------------------------------------------- WHAT DOES IT MEAN?.