Central European Distribution Corp. (fka CEDCQ)

[ArtieB]

At the closing of the transaction, which eliminates approximately $665.2 million of debt from the balance sheets of CEDC and its U.S. subsidiaries, the Company will make a cash payment to holders of its 2013 Convertible Notes and certain of its 2016 Senior Secured Notes and issue new notes to holders of its 2016 Senior Secured Notes and new shares to RTL, cancelling all previously issued 2013 Convertible Notes and 2016 Senior Secured Notes and shares of outstanding CEDC common stock. As a result of the cancellation of CEDC’s common stock, as at the day of closing of the transaction CEDC will cease to be a public company in the U.S. and in Poland and anticipates that its common stock will no longer be subject to listing and trading on the Warsaw Stock Exchange. RTL, owned by Mr. Tariko, will receive 100% of the outstanding stock of the reorganized Company in exchange for funding CEDC’s cash payments under the Plan and the cancellation of CEDC’s existing debt obligations to RTL.

VC