Exhibit 99.1

EX-99.1 2 d305778dex991.htm EXHIBIT 99.1 Exhibit 99.1

Exhibit 99.1

MLC GUC Trust

2017 (Calendar Year) Administrative Costs Budget

December 2016


*$ in thousands*	QE 3.31		QE 6.30		QE 9.30		QE 12.31		Total Budget CY 2017
Governance Costs
Trust Monitor (FTI Consulting)	$	227.0	$	227.0	$	182.0	$	182.0	$	818.0
Trust Administrator (Wilmington Trust)		357.7		357.7		357.7		357.7		1,430.8

*Subtotal for Governance Costs*		*584.7*		*584.7*		*539.7*		*539.7*		*2,248.8*

Financial Reporting & Claims Resolution
Alix Partners		96.0		96.0		96.0		96.0		384.0
ADR Legal Counsel		12.5		12.5		12.5		12.5		50.0
Claims Agent (Garden City Group)		34.0		36.0		30.0		32.0		132.0
Trust Corporate Counsel (Gibson Dunn) (Wind Down)		150.0		150.0		150.0		150.0		600.0
Trust Recall Matter Counsel (Gibson Dunn) (a)		500.0		500.0		500.0		500.0		2000.0

*Subtotal for Financial Reporting & Claims Resolution*		*792.5*		*794.5*		*788.5*		*790.5*		*3,166.0*

Investment, Accounting & Tax Advisors
Investment Management Services (Wilmington Trust)		85.0		85.0		85.0		85.0		340.0
External Auditor (Plante Moran)		22.0		110.0		5.0		5.0		142.0
Tax Advisor (Rick Zablocki)		12.0		20.0		20.0		13.0		65.0

*Subtotal for Investment, Accounting & Tax Advisors*		*119.0*		*215.0*		*110.0*		*103.0*		*547.0*

Other Expenses
Insurance Expense		62.2		62.2		62.2		62.2		248.8
US Trustee Fees		13.0		13.0		13.0		13.0		52.0
Contingency		500.0		500.0		500.0		500.0		2,000.0

*Subtotal for Other Expenses*		*575.2*		*575.2*		*575.2*		*575.2*		*2,300.8*

*Total Wind Down Expense*	$	*2,071.4*	$	*2,169.4*	$	*2,013.4*	$	*2,008.4*	$	*8,262.6*

(a)	Line items attributable solely to additional costs incurred, and anticipated to be incurred, in connection with litigation arising from the recalls by General Motors company of certain ignition switch and other defects in cars manufactured under the “General Motors” brand names.

MLC GUC Trust

2017 (Calendar Year) Reporting Costs Budget

December 2016


*$ in thousands*	QE 3.31		QE 6.30		QE 9.30		QE 12.31		Total Budget CY 2017
Governance Costs
Trust Monitor (FTI Consulting)	$	125.0	$	125.0	$	125.0	$	125.0	$	500.0
Trust Administrator (Wilmington Trust)		325.0		325.0		325.0		325.0		1,300.0

*Subtotal for Governance Costs*		*450.0*		*450.0*		*450.0*		*450.0*		*1,800.0*

Trust Professionals
AlixPartners		306.0		306.0		306.0		306.0		1,224.0
Frazier & Deeter		49.0		49.0		60.0		42.0		200.0
Gibson Dunn		187.5		187.5		187.5		187.5		750.0
CohnReznick		31.9		58.4		15.5		73.1		178.9
Plante Moran		30.0		22.0		30.0		30.0		112.0
Crowell Moring		105.0		105.0		105.0		105.0		420.0

*Subtotal for Trust Professionals*		*709.4*		*727.9*		*704.0*		*743.6*		*2,884.9*

Other Expenses
RR Donnelly		25.0		25.0		25.0		25.0		100.0
Contingency		125.0		125.0		125.0		125.0		500.0

*Subtotal for Other Expenses*		*150.0*		*150.0*		*150.0*		*150.0*		*600.0*

*Total Reporting Costs*	$	*1,309.4*	$	*1,327.9*	$	*1,304.0*	$	*1,343.6*	$	*5,284.9*