Client Money Update - Client Money Application - Representative Respondent Sought - 20/10/09

This update concerns the application issued by the Joint Administrators on 1 May 2009 seeking directions from the Court concerning LBIE's obligations in relation to the handling of client money received prior to the time of administration (the "Client Money Application").

A number of representative respondents have been appointed as parties to the Client Money Application. These representative respondents will put forward arguments on behalf of the different classes of client money claimants or creditors that they represent.

No representative respondent is currently appointed to represent clients for whom LBIE had segregated some but not enough client money at the time of administration (termed "undersegregated client money claimants").  For this reason, the Joint Administrators are urgently seeking to identify a client of LBIE who fits the necessary fact position to take on this role.  If you believe you may be an undersegregated client money claimant and are interested in being appointed as a representative respondent for this class, please contact clientpositionresponses@lbia-eu.com as soon as possible.

The Joint Administrators will continue to communication with creditors through the PwC Lehman Brothers International (Europe) (in administration) website.  Please continue to check the website for information on client money and other matters relating to the administration of LBIE.

Please direct any questions you may have to our client management team at clientpositionresponses@lbia-eu.com.