Lehman Brothers Recognized in Euromoney's 2008 Foreign Exchange (FX) Poll

May 2008
Lehman Brothers ranked 8th in Overall Market Share in Euromoney's 2008 Foreign Exchange (FX) Poll, up from 11th in 2007. This is a record performance for the Firm.

This year, our market share rose to 3.6% from 2.7% in 2007 and 1.8% in 2006. Our continued momentum in FX demonstrates our commitment to strengthening the business.

The Firm's FX franchise experienced impressive results across the poll:

• eTrading Market Share
  Ranked 4th for Single Dealer Platforms (FXLive), up from 6th in 2007 and 15th in 2006. This reflects the significant momentum built around FXLive, our electronic FX trading platform, and firmly positions Lehman Brothers in the top five of a competitive and profitable segment
• Market Share by Region
  Ranked 4th in Asia (up from 10th in 2007), 7th in North America (up from 11th) and 10th in Western Europe (up from 11th)
• Market Share by Account Size
  Ranked in the top 10 in all categories by account size from $5 billion upwards

Lehman Brothers FX also received awards for:

• Fastest Growing Market Share in Asia
  Reflects the significant investment in this region
• Fastest Growing Market Share for Non-Financial Corporations
  Ranked 9th up from 27th last year, which is evidence of our strong relationship with our banking partners

The transactions mentioned herein appear as a matter of record only.