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B&W Asbestos Trust was organized to process, liquidate, and pay all valid asbestos personal injury claims for which B&W has legal responsibility. The Trust was created February 22, 2006 as a result of the confirmation of The Babcock & Wilcox Company (“B&W”) Chapter 11 Joint Plan of Reorganization (the “Plan”). The purpose of the Trust is to provide fair, equitable and substantially similar treatment for all PI Trust claims that may presently exist or may arise in the future in substantially the same manner

The Trust Distribution Procedures (TDP) approved by the bankruptcy court provide for resolving all asbestos-related personal injury and death claims caused by conduct of, and/or exposure to products for which B&W is responsible.