OTICE REGARDING OUTCOME OF CERTAIN NEW YORK STATE LITIGATION On January 14, 2025, the Court of Appeals of the State of New York denied a motion of Lehman Brothers International (Europe) (in Administration) (“LBIE”) for leave to appeal a decision of the Appellate Division of the Supreme Court of the State of New York that affirmed a decision of the New York Supreme Court in favor of AG Financial Products Inc. against LBIE. See Lehman Bros. Int’l (Eur.) v. AG Fin. Prods., Inc., No. 2024-634, 2025 WL 84273 (N.Y. Jan. 14, 2025). This litigation outcome will have a material adverse effect on the “Maximum Potential Recoveries” but not the “Estimated Recoveries” from Non-Controlled Affiliates disclosed in Lehman Brothers Holdings Inc.’s most recently filed quarterly financial report. See Quarterly Financial Report as of October 3, 2024, ECF No. 61695 at pp. 8, 13.
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