LEGAL NOTICE BY ORDER OF THE COURT To victims of Nazi persecution and their heirs who may have claims against Swiss Banks or other Swiss entities relating to the Holocaust: Swiss banks agreed to pay $1.25 billion US. dollars to settle legal claims relat- ing to the World War II era conduct of Swiss banks, Swiss businesses, and the Swiss government ("Swiss Entities'). The United States District Court for the Eastern District of New York (the "Court') will hold a hearing on Novem- ber 29, 1999, to decide whether the Settle- ment should be given final approval All Settlement Classes include heirs and suc- cessors of the persons and entities described above. not have to personally pay the Court ap- pointed attorneys. Certain attorneys will ap- ply to the Court for reimbursement of their costs, up to about .2% of the Fund. Certain Plaintiffs' attorneys will also apply for fees, up to at most 1.8% of the Fund. The Court may award a lower amount. Most attorneys will not apply for fees, and counsel for the WJRO will not apply for fees or costs. Even if you're not sure whether you are a member of one of the Settlement Classes, you should request a Mailed Notice and Ini- tial Questionnaire. For example, if you per- formed slave labor, you may not know whether revenue or proceeds of that labor were deposited with Swiss Entities; you may still be a Settlement Class member. How and When Claims will be Paid No claims process or Plan of Allocation has yet been established. The Mailed Notice ex- plains how you can make suggestions. Getting More Information To learn more, fill out the request form be- low, call toll free 1-888-635-5483, or visit the website http://www.swissbankclaims.com r Send me the Mailed Notice and Initial Questionnaire. Note that you may be included even if you did not have a Swiss bank accoun4 and that this Settlement is different from To receive further notice of a claims process, and ensure that you are able to file a claim, the Swiss Humanitarian Fund Who Is Affected by the Settlement You are affected by the Settlement if you fit into one of the following five Settlement Classes. Four Classes consist of "Victims or Targets of Nazi Persecution" (any individual, business or group persecuted or targeted for persecution by the Nazi Regime or its agents, because they were or were believed to be Jewish, Romani, Jehovah's Witness, homo- sexual, or physically or mentally disabled or handicapped), AND who: 1. Had assets on deposit with any Swiss bank, investment fund, or other custo- dian, prior to May 9, 1945, OR 2. May have claims against Swiss Entities relating to assets looted or taken by the Nazi Regime*, OR 3. Performed slave labor for entities that may have deposited the revenues or pro- ceeds of that labor with or transacted that profit through Swiss Entities, OR 4. Unsuccessfully sought entry into Switzer- land to avoid Nazi persecution, or after gaining entry, were mistreated,_and may have related claims against any Swiss Entity. The fifth Settlement Class includes any in- dividual, whether or not a Victim or Target of Nazi Persecution, who performed slave labor in a work site, wherever located, owned or controlled by a Swiss Entity. 1 I I Name you must either mail a request for such no- tice to the address below, or complete and return the Initial Questionnaire attached to the Mailed Notice. Address 1 city If the Court gives final approval of the Settle- ment, a Plan of Allocation will be adopted and the Fund will be disbursed. Not all Settlement Class members who apply will be eligible to receive payments. If You Do Not Want to Participate If you do not wish to participate in or be bound by the Settlement, you must exclude yourself by writing a letter so indicating, to the address given in the Mailed Notice, by October 22, 1999. If you do not, you will be barred from prosecuting any legal action against Swiss Entities relating to the settled disputes. If you exclude yourself, you will NOT be able to claim a portion of the Fund. How to Comment or Object You may comment on the terms of the Settle- ment by October 22, 1999. The Mailed No- tice describes how to submit comments or objections. You have the right to appear at the November 29, 1999 hearing in person or through counsel, although you do not have to. Who Represents You The Court appointed attorneys as Settlement Class Counsel, and appointed Settlement Class Representatives, including Holocaust survivors, the World Jewish Restitution Or- ganization ("WJRO"), and the World Coun- dl of Orthodox Jewish Communities. You do State ZipCode Country I Preferred Language I This is NOT a Claim Form. Please mail this to: I Information 1 Holocaust Victim Assets Litigation I P.O. Box 8300 I San Francisco, CA 94128-8300 USA I US-ENG-DTJN NM NM WIM MN !MI WM NM WWI WM IMP 1-888-635-5483 wwvv.swissbankdaims.com Scope of Release The Settlement of this case (In re Holocaust Victim Assets Litigation, Master File No. CV-96-4849) concludes all legal actions and disputes against Swiss Entities relating to the Holocaust, World War II Victims or Targets of Nazi Perse- cution, the Nazi Regime, treatment of refu&ees, or any re- lated thing. The term "Swiss Entities" (or Releasees' ) in- cludes Credit Suisse and UBS AG (successor to Union Bank of Switzerland and Swiss Bank Corporation), and their former and current corporate parents, subsidiaries, affiliates, and branches; the Swiss National Bank; other Swiss Banks; the Swiss Bankers Association; the Swiss Confederation (in- cluding the Swiss government); all business concerns head- quartered, organized or incorporated in Switzerland as of October 3, 1996; and certain other affiliates of Swiss con- cems described in the Mailed Notice. Certain claims against various Swiss insurance companies listed in the Mailed Notice are not included in this Settlement. , * The second Settlement Class also includes claims against Swiss Entities relating to "Cloaked Assets," which are as- sets disguised by a Swiss Entity for the benefit of an Axis company or person associated with the Nazi Regime, be- tween 1933 and 1946. Detroit Jewish News /1 / 9 19 6 1999 35