January 18, 2003

Jenner & Block has been selected to represent the Official Trust Originated Preferred Holders Creditors’ Committee in the ongoing Chapter 11 bankruptcy proceedings involving Conseco Inc. Along with co-counsel, Saul Ewing LLP of Delaware, Jenner & Block was selected as counsel for the Committee appointed by the U.S. Trustee which represents $1.9 billion in Conseco debt. The Committee’s decision to select Jenner & Block and Saul Ewing is expected to be presented to the Bankruptcy Court in Chicago for its approval on Jan. 14.

The Indianapolis-based insurance and financial services giant is believed to be the third largest concern to have filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code. Among other things, the Conseco Creditors’ Committee is charged under the Code with representing the class of Trust Originated Preferred Holders, consulting with the debtor still in possession of its assets, reviewing and gathering information about the debtor’s activities and financial condition, and participating in the formulation and negotiation of a Chapter 11 plan of reorganization.

The Jenner & Block attorneys who will be working on behalf of the Conseco Creditors’ Committee include Daniel R. Murray, Co-Chair of the Firm’s Bankruptcy/Corporate Restructuring Practice, and Partners Jeff J. Marwil, Catherine L. Steege and Mark K. Thomas.