Important Creditor Update 31 January 2013 Deadline for Transfer Notices for catch-up unsecured distribution – 28/01/2013

The last date for agreement of claims for inclusion in the catch-up payment of the first interim unsecured distribution is 31 January 2013.

In order to give LBIE sufficient time to arrange the necessary payments, unsecured creditors who are to be paid the catch-up distribution and who wish to transfer their claims in accordance with the transfer provisions of an executed claims determination deed must send a Transfer Notice executed by both the Transferor and Transferee (each, as defined in the claims determination deed) to be received by LBIE no later than 31 January 2013.

Transfer Notices should be sent to claimsdeed@lbia-eu.com and by post to Lehman Brothers International (Europe) (in administration), Level 23, 25 Canada Square, E14 5LQ, marked for the attention of the In House Legal Team.

Unsecured creditors who are to be paid the catch-up distribution and potential Transferees should note that any Transfer Notices received by LBIE after 31 January 2013 will not be countersigned by LBIE in time for the catch-up first interim distribution and LBIE will proceed to pay the catch-up first interim distribution to the unsecured creditor of record according to LBIE’s records as at 31 January 2013.

Any such Transfer Notices received after 31 January 2013 will be processed following payment of the catch-up first interim distribution (currently expected to be on, or around, 28 February 2013). Until LBIE countersigns the Transfer Notice, LBIE will continue make any payments to, and otherwise deal with, the unsecured creditor of record.

Please note that the above deadline does not affect creditors who were paid the first interim distribution on or around 30 November 2012. For those creditors, LBIE will continue to process and countersign Transfer Notices as normal during February 2013.

Should you have any queries regarding the content of this update please contact your existing LBIE contact or the Communications and Counterparty Management team at unsecuredcreditors@lbia-eu.com.