CarVal Investors is a Leading Global Alternative Investment Manager




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*** CONSENT TO COMMUNICATE SCHEDULE K-1 ELECTRONICALLY ***
Effective February 13, 2012, the Internal Revenue Service issued Revenue Procedure 2012-17, providing that partnerships may communicate Schedule K-1's electronically upon receipt of written consent from the partner. By selecting "Login," you are consenting to receive your Schedule K-1 electronically. You may elect to withdrawal your consent at any time by sending a written request to carvalreporting@carval.com. Upon receipt of your withdrawal for consent, CarVal Investors will provide you with a paper copy of the Schedule K-1.