MAPLEWOOD (dpa-AFX) - 3M Co. (MMM) announced Tuesday that more than 99% of
claimants are participating in the settlement as of the final registration date
for the Combat Arms Earplug settlement agreement.

Out of a total of more than 293,000 claims, more than 249,000 claimants have
registered to participate in the settlement. In addition, more than 41,000
claims have been dismissed by the courts administering the agreements.

Once all the settlement registrations that have been submitted by claimants have
been processed and validated, 3M anticipates that the settlement will have
achieved a more than 99.9% participation level.

Under the terms of the agreement, 3M will pay a total amount of up to $6.0
billion, between 2023 to 2029, to resolve the litigation, provided all
participation thresholds are met. This represents a total pre-tax present value
of $5.3 billion, for which the company has previously recorded reserves.

Aearo and 3M are actively engaged in insurance recovery activities to offset a
portion of the settlement payments. The formal recovery processes are underway
through a lawsuit filed in Delaware, as well as arbitration proceedings.



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