Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Simpler to say below that we are going to pay LBHI's LBH subdebt claim(s) or "LBHI as the holders of relevant subordinated liabilities."

This statement makes me think about CTs' payments: "LBHI as the holders of relevant subordinated liabilities."

In February 2014 LBHI sent out a CTs' Notice/FAQ and used the language "relevant" to describe the CTs' subordinated liabilities.

A distribution in respect of the Company’s unsecured, non-preferential subordinated
liabilities in accordance with the Framework Agreement recently entered into by, amongst
others, the Company and LB GP No1 Limited (in liquidation), Lehman Brothers UK Capital
Funding LP, Lehman Brothers UK Capital Funding II LP, Lehman Brothers UK Capital
Funding III LP and LBHI as the holders of relevant subordinated liabilities.