Accentro - comment

The SSN holders ended up with 86.6%, and five of those SSN holders now have 68% of the equity. Ownership of the SSNs was even more concentrated than we expected.

In order of size, the equity holders are:

- LMR Master Fund 22.42% 

- Faros Point 15.72%

- System 2 Fund 14.33%

- Adler Real Estate 10.10% (not an SSN investor)

- Pearlstone 11.07%

- Whitebox 4.71%

- Brookline 2.9% (not an SSN investor)

- Free Float 0.4% (not an SSN investor)

- Other SSN investors collectively 18.35%