Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

WITHOUT PREJUDICE SAVE AS TO COSTS
SUBJECT TO CONTRACT
LEGAL02/44871304v9
Reserve and Reimbursement Agreement and 7(f) Application Settlement shall
remain in full force and effect without amendment or variation.
Clause 8 of the Framework Agreement shall be amended to record that the
Effective Date occurred on 8 October 2023.
Binding terms: Confidentiality:
All drafts of and the substance of all negotiations in connection with this Term
Sheet are confidential to the Parties and their advisers, who shall not disclose or
otherwise communicate them to any third party without the written consent of
the other Parties other than:
a) the final agreed term sheet may be sent to ECAPS Account Holders and
Beneficial ECAPS Interest Holders who are not party thereto and in that
process may also be circulated by the JLs via RNS;
b) the final agreed term sheet may be sent by DB or Whitefort to ECAPS
Account Holders and Beneficial ECAPS Interest Holders with a view to
obtaining Letters of Support;
c) to the Parties' respective auditors, insurers (and their
insurers/reinsurers), firm (in the case of the JLs and PLC
Administrators), and their respective advisors, and lawyers on terms
which preserve confidentiality;
d) pursuant to an order of a court of competent jurisdiction, or pursuant
to any proper order or demand made by any competent authority or
body where they are under a legal or regulatory obligation to make
such a disclosure;
e) the final agreed term sheet may be disclosed by the PLC Administrators
or the JLs to the extent they reasonably consider necessary or
appropriate in the performance of their functions as office holders;
f) pursuant to any express requirement under the rules of any listing
authority or stock exchange on which a Party's shares are traded; or
g) LBHI may publish the final agreed term sheet, and final settlement
documentation (including the Amendment and Restatement
Agreement and relevant consent orders), on the Bankruptcy Court
docket and report and refer to the settlement terms in its quarterly
reporting and discuss its terms with LBHI’s creditors and investors.
Costs and expenses:
All Parties will pay their own costs and expenses (including legal fees) incurred in
connection with the preparation, negotiation and execution of the Amendment
and Restatement Agreement, and the settlement agreement in respect of the
Partial Discharge Issue, whether or not those agreements are signed or come
into effect (and without prejudice to (i) the PLC Administrators’ costs and
expenses being paid from the PLC estate; or (ii) the JLs’ costs and expenses being
paid from GP1 and/or the ECAPS Issuers; or (iii) the Reserve and Reimbursement
Agreement).
Without Prejudice:

Thanks,

dhyan40

Re: None

Friday, 09/20/2024 6:58:05 AM

Lehman Brothers UK Capital Funding IV LP: Notice to the Holders of the Preferred Securities
https://finance.yahoo.com/news/lehman-brothers-uk-capital-funding-121200926.html
LONDON, Sept. 19, 2024 (GLOBE NEWSWIRE) --

NOTICE TO THE HOLDERS OF:

EUR 200,000,000 EURO FIXED RATE ENHANCED CAPITAL ADVANTAGED PREFERRED SECURITIES ("LP IV ECAPS")

ISSUER: LEHMAN BROTHERS UK CAPITAL FUNDING IV LP ("LP IV")

ISIN: XS0282978666

LIQUIDATION OF LB GP NO.1 LTD ("the Company") AND IMPLICATIONS FOR HOLDERS OF LP IV ECAPS

Your attention is drawn to the formal notice contained in the PDF link below concerning the Company, LP IV and the LP IV ECAPS. In order to view the formal notice, it is recommended that you copy and paste the link into your browser.

http://www.rns-pdf.londonstockexchange.com/rns/8664E_1-2024-9-19.pdf