31 C ONFIDENTIAL NO T F OR DIS TR IB UTIO N Co ncerns Rais ed by St akehol ders Timin g of roll out propo sed launc h date of Jan 2016 not enough time for industry to fully re view implica tions of cla im conversion MND M resp onse ex tending launc h date to sprin g 20 17 adding approx 15 mo nths to pre pare fo r cla im conver sio n cla im holders wo uld have more than two and half ye ars to re view their cla im holdings and pre pare Di scussi on pu rpo ses on ly no t for di stribu tion 31