0.000 EXELA INTERMED/EXELA FIN 10.000% 7/15/2023 7/15/2020 10.91% $97.025 96.125 $5,479 $1,986,389 ($18,000) ($12,521) 10/31/17 2.000.000 JBS INVESTMENTS GMBH 7.250% 4/3/2024 4/3/2019 7.45% $99.065 99.6 $1,192 $2,005,694 $10,700 $11,892 TOTAL FIXED INCOME CLOSED FIXED INCOME POSITIONS 9/26/17

ON OF 11/08/18. + THE COMPANY IS NOT PROVIDING ANY PHYSICAL MATERIAL FOR MAILING. THUS, NO MAILING WILL BE MADE TO HOLDERS. + GENERAL OFFER TERMS: JBS INVESTMENTS GMBH HEREBY OFFERS TO PURCHASE ANY ANDALL OF THE OUTSTANDING 7.750 PERCENT SENIOR NOTES DUE 2020 AT A PURCHASE PRICE OF USD 993.13 PER USD 1,000 PRINCIPA

OMMUNICATION CO SENIOR NOTE MAN 7.125% 03+1 5/2019 EXELA INTERMEDIATE 30162RAA9 3.000 102.00 1060.000.00 LLC SR SEC GLBL 23 10% 07/15/2023 JBS INVESTMENTS GMBH A29866A85 2,000 103.301 2,066,020.00 SR GLBL REGS 24 7.25% 04/03/2024 page 3 o19 CONFIDENTIAL Unrealized Gain(Loss) Estimated Income Yiel

ccount Activit Description Symbol) CUSIP Quantity Price Amount Balance $0.83 PURCHASE FDIC INSURED $ 0.00 $ (0.83) 0.00 DEPOSIT ACCOUNT JBS INVESTMENTS GMBH A29866AB5 0.00 72.500.00 72,500.00 SR PRIVATE PLACEMENT CLBL MW 7.25%0410312024 Payable: 0410312019 Taxable Int Crecited72500.00 PURCHASE F