First Interim Client Money Distribution Update - 26 March 2013

Further to the recently published Client Money updates regarding the first interim client money distribution (the ‘First Interim Client Money Distribution’); the Joint Administrators would like to inform you that the deadline for eligible beneficiaries to have executed a formal legal agreement in order to participate in the First Interim Client Money Distribution has passed.

The Joint Administrators plan to make this distribution to eligible beneficiaries that have executed a formal legal agreement, opting to retain their Client Money Entitlement (“CME”), on or around Tuesday 23 April 2013.

Eligible Beneficiaries Participating in the First Interim Client Money Distribution

If you have not done so already, please provide your standard settlement instructions (“SSIs”) for a USD bank account as soon as possible and no later than Friday 05 April 2013. SSIs should be submitted in the SSI Portal, which is located on the Client Information Portal (“CIP”) home page. Should you have any queries regarding the submission of SSIs, please contact SSI@lbia-eu.com.

We will require all eligible beneficiaries participating in the First Interim Client Money Distribution to provide confirmation of legal ownership of the their retained CME and other information on the LBIE Client Money Portal which can be found via the CIP.

Please note that any Transfer Notices in respect of eligible beneficiaries will be processed after the First Interim Client Money Distribution, which will be paid to the Client Money beneficiaries according to LBIE’s records as at 22 March 2013.

Eligible Beneficiaries Not Participating in the First Interim Client Money Distribution

The Joint Administrators are planning for regular catch-up distributions for those eligible beneficiaries that have not been able to meet the timelines for the First Interim Client Money Distribution. The first catch-up payment will be made on or around 31 May 2013, and the cut-off date for claims agreements to be eligible for the catch-up payment is 30 April 2013. Future dates will be published in the next LBIE progress report.

The Joint Administrators would encourage you to refer to the required actions highlighted in the 06 March 2013 update in order to agree your CME and participate in a future catch up distribution.

Queries

If you have any questions with regard to this update please contact the Communications and Counterparty Management Team by emailing clientpositionresponses@lbia-eu.com.