Second Interim Client Money Distribution Update – 11 June 2014

The Joint Administrators plan to make a second interim client money distribution (the ‘Second Interim Client Money Distribution’) on or around Friday 27 June 2014 to all eligible beneficiaries.

The increased rate recognises –

Additional recoveries to the Client Money Pool: predominantly as a result of the settlement achieved with regards to $1.0bn of pre-Administration Client Money held by LBB. Further smaller recoveries were made from LBIE Seoul and from other sources since the first interim distribution.

Settlements with Client Money beneficiaries: further settlements with Client Money beneficiaries have led to the crystallisation of their CME and as a result, the release of reserves.

If you believe that you have a CME and we are not currently discussing it with you please contact clientpositionresponses@lbia-eu.com.

Queries

If you have any questions with regard to this update please contact the Communications and Counterparty Management Team by emailing clientpositionresponses@lbia-eu.com.