June 3, 2014

STATEMENT OF DETROIT BANKRUPTCY MEDIATORS

The Detroit Bankruptcy Mediators wish to provide further information about
developments in the Detroit bankruptcy.

The Mediators are pleased to announce that the Skillman Foundation will contribute
$3.5 million to offset post retirement health benefit costs, also known as OPEB, for the
benefit of retirees from the City of Detroit. OPEB benefits have historically come in the
form of health and life insurance benefits and supplement death benefits. This
remarkably generous contribution of the Skillman Foundation, together with the
contributions already announced, brings the total commitment of the Foundation
community to this plan to approximately $370 million. The Skillman Foundation,
founded in Detroit in December, 1960 by Rose Skillman, has as its primary mission to
improve the lives of Detroit children and to provide resources for them. In making this
very meaningful and inspiring commitment, the Skillman Foundation is focused on
putting kids first and preserving health care benefits for Detroit families with children and
grandchildren.

The Mediators wish to express their deepest appreciation to the Board and President of
the Skillman Foundation for this important contribution. Along with the contributions of
the other Foundations, the Skillman Foundations commitment today inspires the
mediation team to continue its work toward facilitating agreements among as many of
the parties to the Detroit bankruptcy as possible, agreements which can become part of
a larger, balanced agreed upon Plan of Adjustment designed to provide Detroit with a
prompt and successful exit from the bankruptcy and to move us toward a revitalized and
renewed city and region.

Updates will be provided when and if appropriate. Contact Rod Hansen, Media
Information Officer, at 313-234-5421.

UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF MICHIGAN DIVISIONAL OFFICES
THEODORE LEVIN UNITED STATES COURTHOUSE ANN ARBOR
231 W. LAFAYETTE BOULEVARD BAY CITY
DETROIT, MICHIGAN 48226 FLINT
PORT HURON