Statement of Daniel A. Pollack, Special Master in Argentina Debt Litigation

NEW YORK, July 25, 2014 /PRNewswire/ -- Daniel A. Pollack, the Special Master appointed by Judge Thomas P. Griesa to conduct and preside over settlement negotiations between the Republic of Argentina and its Bondholders, issued the following Statement today:

"I had a brief follow-up meeting this morning with the delegation from the Republic of Argentina.   They will be returning to Buenos Aires tonight to confer with and seek further instructions from their Government.   The Bondholders were not present this morning, but I briefed  them subsequently by telephone.  They reiterated to me their availability  and willingness to meet with me,  and, indeed, with representatives of the Republic, at any time.  No resolution of the impasse between the parties has been reached. Consistent with Judge Griesa's direction of earlier this week in open Court, I anticipate that there will be further communications with the parties prior to the Default date (July 30)."

Mr. Pollack said that he would make no further statement publically at this time.

SOURCE Daniel A. Pollack

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