Statement of Daniel A. Pollack, Court-Appointed Special Master, July 6, 2016

NEW YORK, July 6, 2016 /PRNewswire/ -- Daniel A. Pollack, Special Master presiding over settlement negotiations between the Republic of Argentina and its "holdout" Bondholders, issued the following statement today:

"The Republic of Argentina continues to settle claims of bondholders who have come forward with defaulted bonds.  This past week the Republic reached settlements with 21 individuals and institutions, for a total of approximately $95 million in payments to the bondholders.  The settlements were all within the terms of the February 5  Propuesta. As part of the settlements, those bondholders who held bonds with time-barred interest payments surrendered those bonds without compensation. I will have no further statement on these settlements at this time."

SOURCE Daniel A. Pollack