Company Profile For Lehman Brothers Holdings Inc.

Lehman Brothers Holdings Inc. serves the financial needs of corporations, governments and municipalities, institutional clients and high-net-worth individuals. It provides a range of services in equity and fixed income sales, trading and research, investment banking, asset management, private investment management and private equity. It has three segments: Capital Markets, Investment Banking and Investment Management. On September 15, 2008, it filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of New York. On September 22, 2008, Barclays PLC completed the acquisition of Lehman Brothers North American investment banking and capital markets operations. On October 7, 2008, Nomura Holdings, Inc. announced the acquisition of three affiliates of Lehman Brothers in India, including the business process outsourcing unit. In October 2008, BTG Fund acquired local assets of the Company.

BRIEF: For the nine months ended 31 August 2008, Lehman Brothers Holdings Inc.'s revenues fell 52% to $21.01B. Net loss applicable to Common totaled $6.5B, vs. an income of $3.3B. Revenues reflect lower income from principal transactions due to negative valuation adjustments made on certain components of capital markets inventory. Net loss reflects increased brokerage, clearance & distribution fees expense and higher other expenses.