Tenth Announcement in respect of the settlement of the Omnibus Claim - 26/9/2013

The first interim distribution amounting to $7.80bn was paid from the Omnibus Trust today. This represents a gross dividend of 100% of Best Claim and it is being distributed to over 95% by value of the Consenting Beneficiaries (230 clients). As part of this distribution the House estate will receive $2.02bn from debtor recoveries, fees and claim assignments, $0.95bn will be deposited with the IRS to cover potential withholding tax liabilities and payments totalling $4.83bn will be made to beneficiaries of the Trust.

The 10th Progress report which will be published in October will provide further detail on the Omnibus Trust including indicative final outcomes, the status of claims from Non Consenting Beneficiaries, reserves and an update on taxes.

Important Disclaimer

The information and contents of this update communication are being provided to you by LBIE for discussion purposes only. This update does not constitute a commitment or offer on the part of LBIE or its Joint Administrators, and should not be construed as such, nor does it constitute any form of advice to the recipients. The contents of this communication are based on analysis by LBIE, which has not been audited and LBIE reserves the right without specifying any reasons to amend all or part of this communication.

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