Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

LBHI2's Sixth Declaration from November 2023:

PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT
T: [phone], F: [phone], www.pwc.co.uk
PricewaterhouseCoopers LLP is a limited liability partnership registered in England with registered number OC303525. The registered office of
PricewaterhouseCoopers LLP is 1 Embankment Place, London WC2N 6RH. PricewaterhouseCoopers LLP is authorised and regulated by the Financial Conduct Authority for designated
investment business.
To all known creditors
13 November 2023
Our ref: GEB/AM
Dear Sirs
LB Holdings Intermediate 2 Limited - in Administration (“LBHI2”)
I am pleased to be able to declare a sixth interim dividend to unsecured creditors.
In accordance with Rule 14.35 of the Insolvency (England and Wales) Rules 2016, I enclose for your
attention the receipts and payments account from the commencement of the Administration on 14
January 2009 to 2 November 2023. This provides details of the amounts realised from LBHI2’s
assets and the payments made in the Administration, up until and including 2 November 2023. In
calculating this dividend, I have made a provision for anticipated future costs of the Administration.
For the avoidance of doubt, this sixth interim dividend is in partial settlement of the principal
amount of LBHI2’s unsecured, subordinated claims. No part of these distributions was in
settlement, partial or otherwise, of any post-Administration, statutory interest entitlement.
A sum of £86,000,000 is being distributed by way of dividend on or around 13 November 2023 in
respect of admitted subordinated claims.
If you have any queries, please do not hesitate to send these to [e-mail].
For and on behalf of LB Holdings Intermediate 2 Limited
GE Bruce
Joint Administrator
GE Bruce, DJ Kelly and EJ Macnamara, were appointed as Joint Administrators of LB Holdings Intermediate 2 Limited to
manage its affairs, business and property as agents without personal liability. The Joint Administrators are licensed in the
United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales. The Joint
Administrators are bound by the Insolvency Code of Ethics which can be found
at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.
The Joint Administrators may act as controllers of personal data as defined by UK data protection law depending upon the
specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint
Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators’
appointment. Further details are available in the privacy statement on the PwC.co.uk website or by contacting the Joint
Administrators.