Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Real or Mistake? The letter is dated October 25, 2023. The letter mentions the distribution below. We need to wait a few days and collect some data on this letter.

LBHI CTs' Subordinated liabilities would be my only link to this letter unless it is a mistake:

"... and LBHI as the holders of the relevant subordinated liabilities."

On 8 October 2023, amongst others, the Company, LBH, LBHI and DB entered into the Framework
Agreement and other related agreements to enable the implementation of the Proposed Terms. Following
the execution of the Framework Agreement it is anticipated that the Administrators of LBH will make a
significant distribution to LP I, LP II and LP III in relation to the Tier X distribution as set out in the Proposed
Terms. The Tier X distribution totals £187.2m and from that sum £172.2m is due to LP I, LP II and LP III
under the Sub-Notes. The Administrators of LBH issued a Notice of Intended Dividend in relation to the Tier
X distribution on 25 October 2023.

https://www.globenewswire.com/news-release/2023/10/26/2767732/0/en/Lehman-Brothers-UK-Capital-Funding-LP-Notice-of-Proposed-Interim-Payment.html