Resignation and replacement of Joint Administrators - 16 July 2018

The approval of the Scheme of arrangement, pursuant to Part 26 of the Companies Act 2006 and the retirement of Tony Lomas from PwC LLP provided an opportunity for the named office-holders to be reviewed in LBIE and elsewhere in UK Lehman Brothers' affiliates. Accordingly, an application to court was made to make certain changes.

Pursuant to a court order dated 2 July 2018, it was ordered that Anthony Victor Lomas and Steven Anthony Pearson (the "Outgoing Office-Holders") each be removed as Joint Administrators of LBIE. Both have made a very significant contribution to the success of the administration over many years.

The Outgoing Office-Holders will be replaced with Gillian Eleanor Bruce and Edward John MacNamara to take effect on 16 July 2018. Russell Downs and Julian Guy Parr will remain in office as Joint Administrators.