As a result of the Chapter 11 filing, Garrett is expected to be delisted from the New York Stock Exchange and will operate as a private company upon completion of the sale process. Garrett’s plan is to distribute to stockholders all of the sale proceeds after payment of creditors. However, the amount of recovery (if any) could vary dramatically with the outcome of the case and the litigation, and distributions could be delayed until the litigation is resolved or settled. --- Joseph Bunning KCC Director > Corporate Restructuring T +1 310 751 1793 M +1 310 291 0488 222 N Pacific Coast Highway, 3rd Floor, El Segundo, CA 90245 kccllc.com