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Lehman Brothers International (Europe) - New Member Of The Copenhagen Stock Exchanges

Date 19/12/2002

" That Lehman Brothers has chosen to become a member of both the Copenhagen Stock Exchange and Oslo Børs confirms how important the NOREX Alliance is for an international development of the stock exchanges in the Nordic region. The market shares by foreign members on the Danish equity market have this year gone from 8 per cent to 17 per cent, which is a clear indication that foreign investors are becoming more interested in Danish shares," said President and CEO Hans-Ole Jochumsen.

" Lehman Brothers is pleased to become a Remote Member of the Danish and Norwegian stock exchanges in 2003. Remote membership will allow us to continue to provide our clients with the most efficient service and rapid execution available," said Andrew Wells, Business Manager of Equities Trading, Lehman Brothers.

Lehman Brothers is a global investment bank with leadership positions in fixed income trading and broking, money broking and corporate finance. The Firm expects to begin trading in Danish shares at the end of the first half of 2003.

Lehman Brothers International (Europe) is a member of the following European stock exchanges:

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Borsa Italiana

Helsinki Stock Exchange – HEX

Deutsche Börse

London Stock Exchange

Euronext Amsterdam

Stockholmsbörsen

Euronext Brussels

Swiss Exchange – SWX

Euronext Paris

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