Concordia International Corp.
Canadian Securities Litigation Class Action Settlement

This claims administration website was updated on June 22, 2021

PLEASE READ THE ENTIRE UPDATE IN REGARDS TO THE
DISTRIBUTION OF PAYMENTS TO AUTHORIZED CLAIMANTS AND
CLAIM FORMS FILED PAST THE CLAIMS BAR DEADLINE

Click here to log in to the Portal

AUTHORIZED CLAIMANTS

“Authorized Claimant” means a Class Member who: (i) submitted a properly completed Claim Form and all required supporting documentation to the Administrator prior to the Claims Bar Deadline; and (ii) is eligible to receive a Distribution from the Compensation Fund;

Please note that we have resent the latest batch of cheques returned to our post office box as of June 22, 2021.

ALL cheques must be cashed within six (6) months from the date of the cheque or July 13, 2021. No cheques will be reissued.

AUTHORIZED LATE CLAIMANTS

Authorized Late Claimant”: The Claim Forms of Authorized Late Claimants, identified as “Late-With Permission” and “Late-Without Permission” in the Affidavit of Paul Battaglia, (President, Trilogy Class Action Services, “Administrator”) are to be treated as if they had been received prior to the Claims Bar Deadline.

Thank you for your patience as we navigate working out of the office during the Stay-at-Home Order imposed in Ontario on April 8th, 2021. Please accept our apology as we are approximately thirty (30) days behind schedule as a result.

All Authorized Late Claimants should have received their Claim Determination Notice as of May 31, 2021. If you have not received your Claim Determination Notice, please contact us at or call 1-877-400-1211.

We are currently processing the cheques for mailing. All cheques should be mailed out by the end of June 2021.

You may review your Claim status and Pro Rate Payment amount directly in the online claims administration portal at https://lates.concordiasettlement.com/admin/login

We are mailing the cheque to the address you provided on your Claim Form. If you have moved since you completed your Claim Form, please update your mailing address immediately. Please contact us at or call 1-877-400-1211.

All Authorized Late Claimants are being treated equally as Authorized Claimants and as if they filed the Claim Form prior to the Claims Bar Deadline. Please see DISTRIBUTION OF COMPENSATION FUNDS below.

Please note that the Pro Rata Payment is the only cheque you will be receiving from the Net Compensation Fund. We have verified, a minimum of two times, that the amount on the cheque is correct.

Please continue to monitor the website for further updates. https://www.concordiasettlement.com/

DISTRIBUTION OF COMPENSATION FUNDS Pursuant to the Court approved Plan of Allocation:

Please note that the Pro Rata Payment is the only cheque you will be receiving from the Net Compensation Fund. We have verified, a minimum of two times, that the amount on the cheque is correct.

As per the explanation posted in the January 13, 2021 update (see below), the Claims Administrator approved a total of $139,366,232.84 in Maximum Entitlement Claims out of the $220,796,760.40 total amount of Maximum Entitlement filed. The Net Compensation Fund allocated to Authorized Claimants is $9,543,298.06. The Pro Rata payment is based on the calculation of the amount allocated to Authorized Claimants ($9,543,298.06) and the total in Maximum Entitlements approved ($139,366,232.84).

Please refer to the Claim Determine Notice that the Claims Administrator provided when your Claim was approved. There was an important explanation with regards to the calculation of the distribution for Authorized Claimants. In that Claim Determination Notice, you were advise that your Pro Rata Distribution payment would be calculated after all Claims Forms for Authorized Claimants were approved. Please see some of that explanation below.

Please note that the original draft of our recommendations to the Courts was prepared in February 2020. We submitted our revised recommendations to the Court in Ontario in July 2020 and then to the Court in Quebec in November 2020. Based on these submissions, the Ontario and Quebec Courts approved a pro rata distribution of 6.59%.

Subsequently, due to some Institutional Claimants requesting their Claims be withdrawn and further interest earned on the trust funds that were invested, the Claims Administrator has added $365,993.63 to the Compensation Fund for Authorized Claimants. Therefore, we are pleased to report that the pro rata payment increased from 6.59% to 6.85%

Calculation of the Distribution shall be calculated as follows and after all Authorized Claimants have been approved:

“The Distribution for each Authorized Claimant will be calculated by the Administrator by dividing the Compensation Fund by the total number of Qualified Shares for all Authorized Claimants to arrive at a per Qualified Share distribution amount defined herein as the “Pro Rata Distribution”;

The Administrator will then multiply the Pro Rata Distribution by the number of Qualified Shares held by an Authorized Claimant to arrive at the Distribution to be paid to each Authorized Claimant;”

Total Number of Claim Forms Filed: 5,719
Total Maximum Entitlement Amount Filed: $220,796,760.40
Total Number of Claim Forms Approved: 3,360
Total Maximum Entitlement Amount Approved: $139,366,232.84

Compensation Fund Total: $10,043,298.06
Compensation Fund allocated to Late Claim Forms: $500,000 (filed past the Claims Bar Deadline - “Late with Permission” and “Late Without Permission”)
Compensation Fund allocated to Authorized Claimants: $9,543,298.06

Pursuant to the Plan of Allocation, paragraph 19:
“Once the Administrator determines a Claimant’s Authorized Claimant status, the respective number of his, her or its Qualified Shares and his, her or its Pro Rata Distribution from the Compensation Fund, the Administrator shall advise the Claimant of the Administrator’s decision by posting it on the Claimant’s online claim file.”

The Distribution for each Authorized Claimant will be calculated by the Administrator by dividing the Compensation Fund by the total number of Qualified Shares for all Authorized Claimants to arrive at a per Qualified Share distribution amount defined herein as the “Pro Rata Distribution”;

The Administrator will then multiply the Pro Rata Distribution by the number of Qualified Shares held by an Authorized Claimant to arrive at the Distribution to be paid to each Authorized Claimant;

Once the Administrator determines a Claimant’s Authorized Claimant status, the respective number of his, her or its Qualified Shares and his, her or its Pro Rata Distribution from the Compensation Fund, the Administrator shall advise the Claimant of the Administrator’s decision by posting it on the Claimant’s online claim file.

“Qualified Shares” means Shares purchased or acquired during the Class Period and held until after August 12, 2016. For the purposes of determining whether or not Shares purchased or acquired during the Class Period were held until after August 12, 2016, LIFO will be used;

“Distribution” means payment to Authorized Claimants in accordance with this Plan of Allocation, the Agreement and any order of the Courts;

“Distribution List” means a list containing the name and address of each Authorized Claimant, the calculation of his/her/its net loss and the calculation of the Authorized Claimant’s pro rata share of the Compensation Fund;

“Pro Rata Distribution” means the Distribution per Qualified Share;

“Maximum Entitlement” means an Authorized Claimant’s actual loss on Qualified Shares, as calculated pursuant to the formula set forth in paragraph 8 of the Plan of Allocation.

If you require assistance, please contact and we will gladly assist you.

Thank you for your continued understanding and patience as we complete this phase of the class action.

Paul Battaglia, President,
Trilogy Class Action Services,
117 Queen Street, P.O. BOX 1000,
Niagara-on-the-Lake, ON, L0S 1J0

PASSWORD RESET FOR THE ONLINE CLAIMS ADMINISTRATION PORTAL

If you have forgotten your password, please follow the steps below:

• Click on Forgot your password on the Login Page.

• Enter the email address you used to register for the portal, or the one you put on your paper Claim Form that was submitted via fax or postal mail. Press “Recover Account”. A password reset email will be sent to your inbox with instructions on how to change your password. Please check your junk/spam folder if you do not see the email in your inbox within 10 minutes.