X0201 3 2003-07-28 0 0000912926 GB HOLDINGS INC GBH 0001233563 HARBERT DISTRESSED INVESTMENT MASTER FUND LTD C/O INTERNATIONAL FUND SERVICES (IRELAND THIRD FLOOR, BISHOP'S SQUARE REDMOND'S HILL, DUBLIN 2 L2 IRELAND 0 0 1 0 0001224055 HMC DISTRESSED INVESTMENT OFFSHORE MANAGER LLC 555 MADISON AVENU NEW YORK NY 10022 0 0 1 0 0001233566 HMC INVESTORS LLC 555 MADISON AVENUE NEW YORK NY 10022 0 0 1 0 0001233569 FALCONE PHILIP 555 MADISON AVENUE NEW YORK NY 10022 0 0 1 0 0001233571 HARBERT RAYMOND J 555 MADISON AVENUE NEW YORK NY 10022 0 0 1 0 0001233573 LUCE MICHAEL D 555 MADISON AVENUE NEW YORK NY 10022 0 0 1 0 Common Stock 1356811 D Common Stock 1356811 I By Harbert Distressed Investment Master Fund, Ltd. Common Stock 42735 I By PCMG Trading Partners XII, L.P. Common Stock 24925 I By Alpha US Sub Fund VI, LLC These securities are owned by Harbert Distressed Investment Master Fund, Ltd., which is a Reporting Person. These securities may be deemed to be beneficially owned by HMC Distressed Investment Offshore Manager, L.L.C. ("HMC Management"), the investment manager of Harbert Distressed Investment Master Fund, Ltd., HMC Investors, L.L.C., its managing member ("HMC Investors"), Philip Falcone, a member of HMC Management and the portfolio manager of Harbert Distressed Investment Master Fund, Ltd., Raymond J. Harbert, a member of HMC Investors, and Michael D. Luce, a member of HMC Investors. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. These securities may be deemed to be beneficially owned by HMC Investors, Philip Falcone, who is the portfolio manager of PCMG Trading Partners XII, L.P., Raymond J. Harbert and Michael D. Luce. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuinary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. These securities may be deemed to be beneficially owned by HMC Investors, Philip Falcone, who is the portfolio manager of Alpha US Sub Fund VI, LLC, Raymond J. Harbert and Michael D. Luce. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuinary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Harbert Distressed Investment Master Fund, Ltd. By: /s/ Joel B. Piassick 2003-08-06 HMC Distressed Investment Offshoe Manager, LLC By: HMC Investors, LLC by /s/ Joel Piassick 2003-08-06 HMC Investors, LLC By: /s/ Joel Piassick 2003-08-06 /s/ Philip Falcone 2003-08-06 /s/ Raymond J. Harbert 2003-08-06 /s Michael D. Luce 2003-08-06