General notification of the Effective Date (in relation to TA Offerees)

On 24 November 2009, Lehman Brothers International (Europe) (in administration) ("LBIE") announced the offer (the "Offer") to certain of its clients and counterparties to enter into the Claim Resolution Agreement (the "Agreement"). LBIE has received valid acceptances of the Offer in relation to not less than 90 per cent of the Acceptance Value of the Acceptance Threshold Claims in aggregate (as these terms are defined in the Offer). The Acceptance Condition was therefore satisfied and the Offer was declared unconditional as to acceptances on 29 December 2009.

LBIE hereby confirms that the other conditions to the Offer in relation to the TA Offerees have also been satisfied and LBIE has declared that 29 December 2009 is the Effective Date of the Agreement in relation to the TA Offerees (as defined in the Offer). LBIE will send an email to all TA Offerees who have validly accepted the Offer to confirm that they are party to the Agreement in accordance with the terms of the Offer. If you are an Eligible Offeree and you do not receive such an email from LBIE, you will not be treated as party to the Agreement.