Ezra Holdings Limited along with its affiliates, filed joint plan reorganization with related disclosure statement in the US Bankruptcy Court on March 1, 2018. As per the plan filed, administrative claims, priority tax claims and professional fee claims will be paid in full in cash. Priority Non-Tax claims against Ezra Holdings, EMITS and Ezra Marine will be paid in cash. MCST claims against Ezra Holdings amount to $2 million will be paid in full in cash. STLF claims against Ezra Holdings amount to $13 million will be paid in full in cash. Bondholder claims against Ezra Holdings amount to $6 million will be paid in full in cash. Other Secured claims against Ezra Holdings will be paid in full in cash. OCBC Marine Base claim against Ezra Marine amount to $29 million will be paid in full in cash. UOB Vehicle claim against Ezra Marine amount to $0. General Unsecured claims against Ezra Holdings amount to $1,672 million will have estimated recovery of 2% under the proposed plan and shall receive its pro rata share of the distribution enhancement, consisting in aggregate New Ezra shares and shares of Holding Company representing the ownership percentage of 4% of the issued and paid-up share capital of New Ezra. Subordinated claims against Ezra Holdings amount to $16 million will have no recovery under the proposed plan. General Unsecured claims against EMITS amount to $4 million will have an estimated recovery of 34% and shall receive its pro rata share of the EMITS Net Cash. Subordinated claims Against EMITS amount to $9 million will have an estimated recovery between 13% but will not receive any distribution under the Plan until all Holders of Allowed Class 11 general unsecured claims are paid in full. General Unsecured claims against Ezra Marine amount to $80 million will have an estimated recovery between 1% and will be paid in cash in full and final settlement. Interests in Ezra Holdings shall receive no distribution under the plan and will retain pro rata share of New Ezra of 4% of the reorganized Ezra Holdings. Interests in EMITS and Interests in Ezra Marine shall not receive any property or interest in property on account of its Interests, which shall be transferred to the Creditor Trust upon the occurrence of the effective date. The plan will be funded by cash in hand, sale of assets, $25 million of new money investment in the Holding Company and issuance of the new equity.