Client Assets Update - Final Reminder for Bar Date Submission by 19 March 2010

This update concerns the Joint Administrators' application (the "Application") made to the High Court, regarding certain assets held on trust by Lehman Brothers International (Europe) (in administration) ("LBIE"). Further details in relation to the Application were set out in the update posted on 27 November 2009 and updated on 11 December 2009.  

On 15 December 2009, the High Court of England and Wales made an Order protecting LBIE and its Joint Administrators from potential claims in respect of any breach of trust which arises in circumstances where they distribute certain assets to clients and counterparties of LBIE after 19 March 2010 (the "Bar Date") on the basis of the information then available to them (including information sent to them by clients prior to the Bar Date). A copy of the Order may be viewed here. For further information on the Bar Date, please click here to view the 15 December Client Asset update.

Pursuant to the terms of the Order, clients and counterparties of LBIE are hereby notified that they should, by 5.00pm (London time) on 19 March 2010 ,submit full details of any claims (other than claims by "Security Interest Claimants", as defined in the Order) they wish to assert to Trust Assets held by or on behalf of LBIE.

If you are a LBIE client with a claim to Trust Assets, please consult your Updated Position and Balance Statement ("UPBS") via the Client Information Portal (using the log on information sent to you). If you believe that your UPBS accurately reflects your claim to Trust Assets (and you are content that you have provided all supporting documentation), please accept the UPBS via the Client Information Portal in advance of the Bar Date. If you believe that your UPBS does not accurately reflect your claim to Trust Assets, please amend each position and submit all supporting evidence for all revisions via the Client Information Portal in advance of the Bar Date.

**Please note, your claim is not submitted until you have reconciled all positions and returned to the main screen and pressed "Submit Asset Positions for Review".**

If you believe you have a claim to Trust Assets but do not have access to the client asset section of the Client Information Portal, please submit details of your claim, in advance of the Bar Date (regardless of whether you have done so previously), to generalqueries@lbia-eu.com, using the prescribed form which can be accessed here (attaching all supporting documentation).

If you fail to submit your claim to Trust Assets by the Bar Date, and LBIE does not have a record of any entitlement in its books and records, you may lose your ability to share in any distributions of relevant assets.

You are referred to the Order for full details of the claims to which the Bar Date applies.

Any general queries in relation to this notice should be directed to generalqueries@lbia-eu.com. You should, however, consult your own legal advisers for advice in relation to the scope and effect of this notice and the Order.