CBLAQ - Washington Prime's Reorganization Plan Was Amended Giving Larger Recoveries For Equity Holders

• Amended WPG plan and disclosure statement were filed very late on August 24.
• Preferred shareholders' cash recovery increases from about $2.52 to $4.41 per share and new equity increases to 6.0625% from 3.0625%.
• Common shareholders electing to receive new equity are now allowed to participate in a rights offer, but cash remains the same.
• The announcement of an amended plan was during a status conference regarding the disbandment of the Official Unsecured Creditor Committee.
• Confirmation hearing was reset again to September 3 from August 30.

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