Lehman Bros.Hldgs. - FRN Variable Rate Fix
July 01 1997 - 5:52AM
UK Regulatory
RNS No 7628c
LEHMAN BROTHERS HOLDINGS INC/PLC
1st July 1997
RE: LEHMAN BROTHERS EURO MEDIUM TERM NOTES
PRINCIPAL AMOUNT ITL 1,500,000,000
ORIGINAL ISSUE DATE 291295
MATURITY DATE 020198
COMMON CODE 6251340-2
WITH REFERENCE TO THE ABOVE NOTE ISSUE THE INTEREST RATE HAS
BEEN SET FOR 6 MONTHS AS FOLLOWS
INTEREST RATE CALCULATION
INTEREST PERIOD 020797 TO 020198
6 MONTH ITL LIBOR RATE 6.71875
PLUS SPREAD (PLUS)0.20
INTEREST RATE FOR PERIOD 6.91875 UNLESS A CREDIT EVENT OCCURS
IN WHICH CASE THE RATE WILL BE ZERO
NO OF DAYS 184
INTEREST DUE AT NEXT
INTEREST PAYMENT DATE ITL 53,043,750
END