Lehman Brothers Announces Global Index Enhancements

Canadian corporate securities are scheduled to be included in the Global Aggregate Index beginning January 1, 2003 and a new Danish Mortgage Index will be launched on December 1, 2002.

Lehman Brothers will be working with Scotia Capital to provide data on the Canadian dollar index.    Canadian corporate bonds must have the equivalent of US $300 million par amount outstanding, for inclusion in the index.

Approximately 128 corporate and agency bonds with a market value of US $108 billion will be added to the 40 Canadian Treasury bonds, with a market value of US$173 billion, already contributing to the index.

The Danish Mortgage Index is intended to act on a stand-alone basis.   It will include investment grade, fixed rate mortgages with a minimum maturity of one year, issued by Realkredit Danmark, Nykredit, BRFkredit, Nordea Kredit, Danske Kredit, and Totalkredit.

Only securities denominated in Danish krone with at least €300 million par amount outstanding will be included.   The initial estimated market value of the index is €108 million.