In principle settlement with KPMG - refer to IMF's ASX previous...

In principle settlement with KPMG - refer to IMF's ASX previous general announcements to participating investors which you should have received by email or mail.
The PIF AG is not privy to what figures are being negotiated by our lawyers in the class action against KPMG. Remember, the PIF AG are not the "applicants" to the class action. Several of our members initially became the applicants and since then it was reduced to a single applicant for efficiency. The lawyers and the sole applicant have not advised any specific details of any settlement offers to the best of our knowledge. We suspect, at this stage, neither would they. Regardless, any agreement has to be decided upon by the judge assigned to the final evaluation even after any settlement is agreed to.
The members of the CA are called "participants" and are being advised as our CA lawyers and IMF (CA funder) determine is warranted. A previous communication from our lawyers to participants (which you should have received) advised that certain claims in the CA against KPMG were being challenged by KPMG lawyers possibly suggesting a reduction in our claims, which has caused some investors to reduce their expectations. Your PIF AG President has tried to gain clarification on this matter but to little avail.

The estimated completion date of our class action on the Bentham IMF website is approx June 2015. Nonetheless, the finalisation of the Class Action is dependent upon the relevant court's determination and agreement between parties. As a consequence no concrete finalisation date or distribution date is available.