FOR MORE INFORMATION, PLEASE CONTACT: Masahiko Fukasawa Managing Director, Co-Head of Asia Business Unit & Co-Japan Representative mfukasawa@alixpartners.com +81 3 5533 4850 Mike Murphy Managing Director & Leader of Asia-Pacific Restructuring and Financial Advisory Services Practice mmurphy@alixpartners.com +852 2236 3500 Steve Maurer Managing Director smaurer@alixpartners.com +86 21 6171 7584 Yung Chung Managing Director & Korea Representative   ychung@alixpartners.com +82 2 3782 4541 ABOUT ALIXPARTNERS AlixPartners is a leading global business-advisory firm of resultsoriented professionals who specialize in creating value and restoring performance at every stage of the business life cycle. We thrive on our ability to make a difference in high-impact situations and deliver sustainable, bottom-line results. The firm’s expertise covers a wide range of businesses and industries, whether they are healthy, challenged, or distressed. Since 1981, we have taken a unique, small-team, action-oriented approach to helping corporate boards and management, law firms, investment banks, and investors to respond to crucial business issues. For more information, visit alixpartners.com. AlixPartners. When it really matters. The opinions expressed are those of the author and do not necessarily reflect the views of AlixPartners, LLP, its affiliates, or any of its or their respective professionals or clients. This article is the property of AlixPartners, and neither the article nor any of its contents may be copied, used, or distributed to any third party without the prior written consent of AlixPartners. The article was prepared by AlixPartners for general information and distribution on a strictly confidential and nonreliance basis. No one in possession of this article may rely on any portion of the article.

The article may be based in whole or in part on projections or forecasts of future events. A forecast by its nature is speculative and includes estimates and assumptions that may prove to be wrong. Actual results may and frequently do differ from those projected or forecast.

The information in this article reflects conditions and our views as of this date, all of which are subject to change. We undertake no obligation to update or provide any revisions to the article. North America  Boston / Chicago / Dallas / Detroit / Los Angeles / Nashville / New York / San Francisco / Washington, DC EMEA  Dubai / Düsseldorf / London / Milan / Munich / Paris  Asia  Hong Kong / Seoul / Shanghai / Tokyo © 2015 AlixPartners, LLP www.alixpartners.com .