Investment Banking

Lehman Brothers' Investment Banking Division provides comprehensive financial advisory and capital raising services to corporations and governments worldwide. Lehman Brothers takes an integrated approach to client coverage, organizing bankers into industry, product and geographic groups. This structure provides clients with bankers who have industry- and geography-specific expertise across all investment banking products. The Firm's bankers work with product specialists in M&A and Capital Markets to help clients meet their strategic and financial objectives.

Notable Recent Transactions*
ABN AMRO Holding N.V.:   Financial advisor on $98.2 billion sale to RBS, Fortis and Santander — largest-ever global financial institutions transaction
Altria Group:   Financial advisor on $61.5 billion spinoff of Kraft Foods — largest global spinoff in history
Aluminum Corp. of China (Chinalco):   Lead financial advisor on $14.3 billion acquisition of a 12% stake in Rio Tinto
China Petroleum & Chemical Corp. (Sinopec):   Global Coordinator on HK$11.7 billion zero-coupon convertible bond offering — largest international convertible bond offering by an Asia ex-Japan issuer
DLF Ltd.:   Senior bookrunning lead manager for $2.3 billion initial public offering (IPO) — largest-ever IPO in the Indian capital markets
Emirates Bank International:   Financial advisor on $3.7 billion merger with National Bank of Dubai (pending) — will create the Gulf Cooperation Council's largest bank
Endesa, S.A.:   Financial advisor on €19.4 billion acquisition by a consortium of Enel S.p.A. and Acciona, S.A.
General Electric Co.:   Financial advisor on $11.6 billion sale of GE Plastics to Saudi Basic Industries Corp.
GlaxoSmithKline:   Joint bookrunner on €3.5 billion dual-tranche fixed-rate benchmark and £1.0 billion 35-year fixed-rate benchmark notes
London Stock Exchange:   Financial advisor on €1.6 billion merger with Borsa Italiana
Rexel:   Joint bookrunner on €1.0 billion IPO — largest French financial sponsor-backed IPO
Tele Atlas N.V.:   Financial advisor on €2.5 billion acquisition by TomTom (pending)
Triad Hospitals:   Financial advisor on $6.4 billion merger with Community Health Systems — creates the largest publicly traded hospital company in the U.S.
As of February 2008. This announcement is for informational purposes only and is not an offer of securities.
  Global Industry Groups
  Communications
  Consumer/Retail
  Financial Institutions
  Financial Sponsors
  Healthcare
  Industrial
  Media
  Natural Resources
  Power
  Real Estate
  Technology
  Global Product Groups
  Mergers and Acquisitions
• Restructuring
  Equity Capital Markets
  Debt Capital Markets
  Leveraged Finance
  Private Capital Markets
  Global Presence
  Americas
  Europe and the Middle East
  Asia-Pacific