Garrett Motion to convert all Series A Preferred into common on June 12, 2023

Garrett Motion Inc.

Certificate of Designations amendment effective and Series A Repurchase expected to close on June 6, 2023.
Each Series A Preferred share converts into one share of common stock automatically at 5:00 p.m. EDT on June 12, 2023.
Preferred holders receive $0.144375 cash plus approx. 0.104379 common shares per share as accrued dividends through Sept. 30, 2023.
Dividend payment made on or before June 20, 2023; fractional shares settled in cash.

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