Lehman Brothers Financial SA (LEHNQ)

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The Citibank Deal (buyin or buyout)

Docket 56305 - Citibank Settlement Agreement

1) LBHI Receives:

a) $1.7 Billion plus in cash from Lehman known (7) bank accounts (Citibank will look for additional Lehman bank accounts or cash)

b) $1.854 Billion from nine assigned Citibank claims against Lehman Debtors valued at ($200 million x 8) + $254 million.

c) $2.188 Billion surogated claim against Lehman Brothers Commercial Corporation Asia Limited 441B0047*

2) Citibank Receives:

a)What? Action in the new Lehman? Citibank caused Lehman a great deal of pain in the court room. What did they receive for it? A punitive damage settlement or a stake in the new Lehman?

b) Instructions on how to help LBHI collect more cash from the Citibank assigned and subrogated claims. Citibank can receive any cash prior to the turnover date on these claims.