Osaka Securities Exchange: Completion Of Close-out Transactions For Lehman Brothers Japan Inc.

  Osaka Securities Exchange (OSE) has completed transactions required to close out unsettled clearing futures and options positions of Lehman Brothers Japan Inc. (Lehman Brothers) by offsetting transactions or position transfers as announced in OSE News dated September 16, 2008.

  The amount required for processing such transactions were within the settlement amount withheld from Lehman Brothers by OSE. Therefore no requirements are necessary for using margins that Lehman Brothers deposited with OSE.

  Please note that completion of the transactions stated above were between Lehman Brothers and OSE only. Transactions among Lehman Brothers and its customers are to be executed separately.