Lehman Brothers is committed to safeguarding the private information entrusted to us by our clients and visitors to our Web site. We will never sell or trade your personal or financial information. To provide you with better service, we may provide certain information about you on a limited basis to entities within Lehman Brothers, including our affiliates and certain third parties, which perform services for our customers or us.

Sites Covered by this Privacy Statement
This privacy statement applies to the information collected via this Web site. It does not apply to any linked sites, including those of Lehman Brothers affiliates. To learn about the privacy policies of any linked sites, please refer to the privacy statements on those sites.

Types of Information Collected and Used
While you are in the public areas of this Web site, you are anonymous. You need not supply us with any personally identifiable information. We will, however, automatically collect such information as:

•	Internet domain and Internet protocol (IP) address from which you access our Web site
•	Internet browser you are using (e.g., Microsoft® Explorer®)
•	Operating system you are using (e.g., Microsoft® Windows XP®)
•	Date and time of your visit
•	Address of the Web site that referred you to our site if applicable
•	Search engine that referred you to our site if applicable

We consider this information to be private; it is only collected for our internal purposes, which we may use to improve our Web site, or to help us provide better products and services to you.

Cookies
Cookies are small packets of information that Web sites store on your computer's hard drive so that your computer will remember information about your visit. They do not contain any personal data, such as passwords. Our Web site may utilize cookies to enhance your experience when you visit. If you do not want our Web site to place a cookie on your hard drive, you may be able to turn that feature off on your computer. Please consult your Internet browser's documentation for information on how to disable cookies.

Security
We are committed to providing a safe and secure online environment. To that end, we maintain physical, electronic and procedural safeguards to protect information, which comply with all applicable laws. We employ secure socket layer (SSL) encryption to further enhance your security, and strictly limit access to your personal and financial data to those personnel at Lehman Brothers who have a bona fide need for this information. We require independent contractors and other third parties who work with us to adhere to strict privacy standards through their contracts with us.

Children's Privacy Online
This Web site is not directed toward children. We do not knowingly collect or post information from children under the age of 13. To learn more about children's privacy and the Children's Online Privacy Protection Act (COPPA), visit the Federal Trade Commission's Web site: http://www.ftc.gov/bcp/online/edcams/kidsprivacy/index.html.

Effective Date
This privacy statement is effective as of November 2006. We reserve the right to change this statement. Any revision to this statement will be effective as of the date of posting.

This privacy statement does not supersede the Terms of Use that govern your use of this site. Any conflict between the two shall be determined in favor of the Terms of Use. If you would like more information about this online privacy statement, please e-mail us at privacy@lehman.com.