Lehman Brothers International (Europe) (in administration) - client money and assets update 15/10/08 (as amended 24/3/09)

This update follows statements made by the Administrators on 21 and 26 September, and 7 October 2008.

As part of the Court approved process for the identification and return of Client Money and Assets, the Administrators have now written to counterparties, who they currently consider may have Trust Claims, to obtain from them full details of the rights and claims they believe they have in relation to all forms of Trust Property.

The confirmation will be used by the Administrators as part of the process of individually reviewing all accounts and positions with clients of LBIE. The letters tailored to Institutional clients and Private Investment Management clients are attached below:

LBIE Institutional clients - confirmation of balances request.pdf

LBIE Private Investment Management clients - confirmation of balances request.pdf

If you believe you have assets or money held by LBIE, please submit your positions and balances by email only on a standardised MS Excel form (see below for link). In doing so, please ensure that you complete all sections fully, including account name and account number.  Use a separate form for each account you hold with LBIE.  Failure to complete the form or provide full information may result in a need to resubmit again and further delay our review of your positions and balances.  In addition to the standardised form for positions and balances, please also provide electronic copies of any written contracts you have with LBIE as well as any other relevant documentation.

The standardised MS Excel forms (one for Institutional Clients and one for Private Investment Management clients) can be found using the following links:

LBIE Institutional clients - confirmation of balances appendix.xls

LBIE Private Investment Management clients - confirmation of balances appendix.xls

Any information on positions or queries relating to the process should be directed to the following email address:
clientpositionresponses@lbia-eu.com

The Administrators may need to request further information from clients or make contact with them to obtain clarification particular issues arising from information provided. We will continue to keep you advised of developments.