Lehman Brothers Financial SA (LEHNQ)

[marina123]

IS IT FULL MONTY?



lEHMAN BROTHERS UK CAPITAL FUNDING lP ("lP I")

EUR 225,000,000 FIXED RATE TO CMS-LiNKED GUARANTEED NON-VOTING, NON-CUMULATIVE PERPETUAL PREFERRED SECURITIES ("lP I PREFERRED SECURITIES")

ISIN XS0215349357

3.8.1 LP 1- EUR 225,000,000 Fixed Rate to CMS-Linked Guaranteed Non-voting, Non-Cumulative Perpetual Preferred Securities;

3.8.2 LP II - EUR 250,000,000 Euro Fixed Rate Guaranteed Non-voting, Non- cumulative Perpetual Preferred Securities;

3.8.3 LP III - EUR 500,000,000 Fixed / Floating Rate Enhanced Capital Advantaged Preferred Securities;

3.8.4 LP IV - EUR 200,000,000 Euro Fixed Rate Enhanced Capital Advantaged Preferred Securities; and

3.8.5 LP V - USD 500,000,000 Fixed Rate Enhanced Capital Advantaged Preferred Securities.



Although this specific notice is addressed and has been distributed (to the extent possible) to the holders of the LP I Preferred Securities with lSIN XS0215349357 issued by LP I, this notice contains information relevant to each of the Partnerships and is therefore to be read as a composite update to enable holders of Securities issued by each of the Partnerships to understand the position applicable to all of the Partnerships. Separate notices (in materially the same form) have been distributed to holders of Securities issued by each of the Partnerships.


IMO...Read this morning...Make your own DD.....The earlier $2.53 per CT($25) calculation) need to be reviewed...

GLTA