Judge approves bulk transfer to MFGI customers

November 17, 2011 – New York, New York – James W. Giddens, the Trustee for the liquidation of MF Global Inc., is pleased that U.S. Bankruptcy Judge Martin Glenn today approved the Trustee’s request to allow the bulk transfer of 60% of the cash attributable to approximately 23,300 commodities clients of MF Global holding only unencumbered cash, or cash equivalents, in their accounts on October 31, 2011. The cash transfer could be approximately $520 million. Previously, approximately 14,500 commodity customer accounts with open positions, along with approximately $1.5 billion in collateral associated with those positions, which is approximately 60% of the collateral that had been associated with these positions at the time of the bankruptcy, were transferred to other future commodities merchants. It is the Trustee’s goal to, as promptly as facts and circumstances permit, ensure that all customers receive approximately 60% of their account values. The Trustee hopes to make additional distributions as additional assets of the MF Global Inc. estate are identified and under the estate’s control. The Trustee has a pending motion before Judge Glenn, which will be heard on Tuesday, November 22, to establish a claims process, which, if approved, would be put into place shortly thereafter. November 17, 2011 – New York, New York – James W. Giddens, the Trustee for the liquidation of MF Global Inc., is pleased that U.S. Bankruptcy Judge Martin Glenn today approved the Trustee’s request to allow the bulk transfer of 60% of the cash attributable to approximately 23,300 commodities clients of MF Global holding only unencumbered cash, or cash equivalents, in their accounts on October 31, 2011. The cash transfer could be approximately $520 million. Previously, approximately 14,500 commodity customer accounts with open positions, along with approximately $1.

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