Holdings of New GM Securities

At June 30, 2015, the Holdings of New GM Securities, at fair value, consisted of the following:


	Number		Fair Value (in thousands)
New GM Common Stock		11,388,041	$	379,563
New GM Series A Warrants		10,352,556		246,081
New GM Series B Warrants		10,352,556		165,123

Total			$	790,767

As described in Note 4, as of June 30, 2015, the GUC Trust had accrued liquidating distributions payable aggregating $14.6 million, consisting of $14.2 million in respect of New GM Securities and cash of $0.4 million then distributable. As a result, the numbers of New GM Securities reflected above include shares and warrants for which liquidating distributions were then pending. As of June 30, 2015, these securities for which distributions were then pending aggregated 204,336 shares of New GM Common Stock, 185,686 Series A Warrants and 185,686 Series B Warrants.

As of June 30, 2015, the number of common stock shares and warrants in the table above also includes New GM Securities aggregating $53.5 million (excluding related Dividend Cash) reserved, or set aside, for projected GUC Trust fees, costs and expenses to be incurred beyond 2015 (including $7.4 million for projected Dividend Taxes) and $252.4 million (excluding related Dividend Cash) of New GM Securities reserved, or set aside, for potential Taxes on Distribution. As a result, as of June 30, 2015, the numbers of New GM Securities in the table above include an aggregate of 4,406,295 shares of New GM Common Stock, 4,005,697 New GM Series A Warrants, and 4,005,697 New GM Series B Warrants which have been so set aside.

Set forth below are the aggregate number and fair value of all such shares and warrants which were pending distribution or were reserved, or set aside, and were not available for distribution at June 30, 2015.


	Number		Fair Value (in thousands)
New GM Common Stock		4,610,631	$	153,672
New GM Series A Warrants		4,191,383		99,629
New GM Series B Warrants		4,191,383		66,853

Total			$	320,154

As described in Note 1, during July and August 2015, the GUC Trust liquidated all of its holdings of New GM Securities for gross and net proceeds of $742.5 million and $741.7 million, respectively. The table below presents pro forma net assets in liquidation at June 30, 2015, and the pro forma decrease in net assets in liquidation for the three months ended June 30, 2015, as if the liquidation of the New GM Securities occurred during the three months ended June 30, 2015. The pro forma adjustment reflects the loss on the liquidation of the New GM Securities as measured by the excess of the fair value of the New GM Securities at June 30, 2015 over the gross proceeds from the liquidation of such securities during July and August 2015. The pro forma adjustment reflects the gross proceeds in calculating such loss because the expected costs of liquidation of the New GM Securities were included in the reserve for expected costs of liquidation recognized at June 30, 2015.


	Net Assets in Liquidation - June 30, 2015 (in thousands)			Net Decrease in Net Assets in Liquidation - Three months ended June 30, 2015 (in thousands)
As reported	$	786,385		$	(158,351	)

Pro forma adjustment – loss on liquidation of New GM Securities in July and August 2015		(48,221	)		(48,221	)

Pro forma as adjusted	$	738,164		$	(206,572	)