Lehman Brothers Holdings Inc ("LBHI") Bar Date Application Update

Guarantee and Assignment Documents

The Joint Administrators of Lehman Brothers International (Europe) (in administration) ("LBIE") previously advised creditors of a motion filed by Weil, Gotshal & Manges LLP with the US Bankruptcy Court requesting that an order be made for a bar date of 24 August 2009 to be set for filing proofs of claim against LBHI (including those claims based on guarantees and other promises made by LBHI), as well as a number of other US Lehman Brothers entities in chapter 11.

A hearing in relation to the bar date application was due to take place on 17 June 2009, but was postponed following numerous objections being filed in the Bankruptcy Court by creditors.  The hearing will now take place on Wednesday 24 June 2009.

Set out below are copies of three documents which have come to the attention of the Joint Administrators and which may be of interest to creditors in the context of the forthcoming bar date applicable in LBHI's bankruptcy proceedings.  A copy of LBHI's Board resolution dated 9 June 2005 setting forth its guarantee of the obligations of various subsidiaries has been posted on this website previously.  Creditors of LBIE and other persons may have claims against LBHI pursuant to these documents.  Each creditor should make its own assessment of the relevance of these documents to it and take its own legal advice.  Neither LBIE nor the Joint Administrators make any representation, express or implied, to any creditor or to any other person as to the effect of these documents.

• LBHI Board Resolution dated 21 August 2000 and guarantee of obligations of Lehman Brothers (Luxembourg)
• LBHI Board Resolution dated 9 June 2005 setting forth its guarantee of the obligations of various subsidiaries
• Note from LBHI to Standard and Poor's Rating Service dated 4 January 2008 regarding its guarantee of LBIE's obligations