http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130611:nBw116429a
   Plan Confirmed With Overwhelming Support from Creditors and ShareholdersMANAMA, Bahrain--(Business Wire)--Arcapita Bank B.S.C.(c), the international investment firm headquartered inBahrain, announced today that the US court has confirmed its Plan ofReorganization. As part of the confirmation process, the Plan receivedoverwhelming support from Arcapita`s creditors, with 99% of those who votedvoting in favor of the Plan and also received strong support from shareholders.Confirmation will enable Arcapita to complete its reorganization and emerge fromChapter 11 shortly. Under the Plan, Arcapita`s existing management team will manage Arcapita`sinvestment portfolio. This ensures continuity of management expertise andportfolio knowledge which will assist in delivering maximum value to allstakeholders. Arcapita and its investors will make decisions to exit investmentson a coordinated basis designed to maximize value. Atif A. Abdulmalik, Chief Executive Officer of Arcapita said, "Reorganizing ourbusiness under Chapter 11 in the United States has been a challenging process,but it provided an effective framework to enable us to restructure the firm forthe benefit of our investors, creditors, and other stakeholders. We are pleasedto have completed very constructive negotiations with our creditors through atransparent and public process, which has resulted in overwhelming support forthe Plan." Abdulaziz Al Jomaih, Vice Chairman of Arcapita`s Board of Directors, added, "Inthe face of actions by certain non-bank creditors that could have destroyedsignificant value for all stakeholders, the Board made the difficult decision toseek the protection provided by Chapter 11 in the United States. We appreciatethe strong support that we have received from our stakeholders for the Plan ofReorganization." Arcapita`s Plan of Reorganization will be effective upon satisfaction of allclosing conditions. A $350 million financing facility to be provided by GoldmanSachs Group at emergence will be utilized to pay down debtor-in-possessionfinancing, administrative claims and other financings and to fund operating cashflow post-emergence. Arcapita`s advisors are Gibson Dunn & Crutcher, Rothschild and Alvarez andMarsal. NOTES TO EDITORSAbout ArcapitaHeadquartered in Bahrain with offices in Atlanta, London and Singapore,Arcapita`s four principal lines of business are private equity, real estate,infrastructure and venture capital. Further details on Arcapita can be found at
  www.arcapita.com
   Jon Earl, FTI Consulting Middle EastMobile: +971 (0) 50 4941178orStephanie Ellis, FTI Consulting New YorkMobile: + 1 (917) 326-9564orMohammed Chowdhury, Arcapita Bank B.S.C.(c)Mobile: +973 39 68 0922 Copyright Business Wire 2013