Important Dates for First Interim Client Money Distribution – 06 February 2013

Further to the Client Money Updates published in December 2012 and January 2013, the Joint Administrators can now confirm that the first interim client money distribution (the ‘First Interim Client Money Distribution’) will take place during April 2013.

In order to be eligible to participate in the First Interim Client Money Distribution, beneficiaries must have executed a formal legal agreement to agree their client money entitlement with LBIE by no later than Friday 22 March 2013.

Action required

Client Money Entitlement Assigned, Waived or Abandoned

A number of counterparties have executed agreements (including the Small Claims Settlement Offer) with LBIE in which they have assigned or waived their entitlement to Client Money, or have abandoned their Client Money entitlement. You are not required to take any further action.

Claims Determination Deed Executed with a Client Money Entitlement

Counterparties who have already executed a Claims Determination Deed agreeing and retaining their client money entitlement are requested to provide standard settlement instructions (“SSIs”) for a USD bank account by selecting the “USD Cash SSI” option in the Standard Settlement Instruction Portal via the LBIE Client Information Portal (the “CIP”).

In contact with Administration - Claims Determination Deed or Debtor Settlement Deed (as appropriate) Not Yet Executed

Members of the Joint Administrators’ team are in contact with the majority of those counterparties where LBIE has determined that the counterparty has a client money entitlement. Those counterparties who have not yet executed a Claims Determination Deed, or Debtor Settlement Deed (as appropriate) should continue the dialogue with their existing contact.

Not in contact with Administration - Client Money Entitlement

If you believe that you have a client money entitlement and we are not currently discussing it with you please contact clientpositionresponses@lbia-eu.com.

Queries

Should you require logon credentials to access the CIP please contact the logons@lbia-eu.com mailbox providing the legal entity name and GAC number (if known).

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