BK61 Thames Wuf 34

RNS Number:1091S
Lehman Brothers Holdings PLC
27 February 2002


Letter to Company Announcements Office
Dated 26 February 2002


This is to inform you that for value 17th March 2002 we are redeeming the Note
indicated below issued pursuant the Euro Medium-Term Note Program of Lehman
Brothers Holdings Inc, Lehman Brothers Holdings Plc and Lehman Brothers Treasury
Co B.V.:

Description of Notes              Principal Amount           Amount Retired
 
Lehman Brothers Holdings PLC       USD 50,000,000            USD 50,000,000
USD 50,000,000 Subordinated
Floating Rate Notes due
17 March 2007 Series No 374

Lehman Brothers Holdings PLC exercised its right in accordance with paragraph
23(a) of the above pricing supplement (Notes series 374), to redeem the Notes
in whole at par on the Interest Payment Date falling in March 2002.


From Lehman Brothers Holdings PLC


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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