RNS Number:7605C
Lehman Bros Holdings Inc
21 October 2002


Letter to RNS 

This is to inform you that for value 24th October 2002 we have bought back the
Note indicated below issued pursuant the Euro Medium-Term Note Program of Lehman
Brothers Holdings Inc and Lehman Brothers Treasury Co B.V.:
 
Description of Notes                Principal Amount       Amount Bought Back
 
Lehman Brothers Holdings Inc ITL    EUR 25,822,884         EUR 8,500,000
50,000,000,000 Senior/Zero         (ITL 50,000,000,000)   (ITL 16,458,295,000)
Coupon/Original Issue Discount 
Notes due 6th December 2027 
Series No 451

The notes were redeemed for the above value date.

From Lehman Brothers Holdings Inc
 
                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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