AMSTERDAM–(BUSINESS WIRE)–In connection with its previously announced partial wind-down, Lehman
Brothers Treasury Co. B.V. in liquidation (“LBT”), through its
U.S. counsel Kramer Levin Naftalis & Frankel LLP, announced that its
placement agent, Seaport Loan Products LLC, successfully concluded an
auction of a US$10,475,844,413 portion of LBT’s US$34,548,000,000
intercompany claim (the “Intercompany Claim”) against Lehman Brothers
Holdings Inc. for a total gross purchase price of US$179,472,166. The
sale is expected to close during the first week of April 2019. The net
proceeds of the sale (after deducting various sale-related costs and
expenses), together with certain available cash, will be used to fund a
final distribution to creditors of LBT who do not receive substitute
notes as a result of LBT’s prior solicitation process.

For more information on the partial wind-down, including information
about the Intercompany Claim sale, the final cash distribution, and
anticipated timelines, an Information Notice has been posted to LBT’s
website at www.lehmanbrotherstreasury.com.

Contacts

Daniel Eggermann, Kramer Levin Naftalis & Frankel LLP
Tel: +
1-212-715-9495