Press Release

DBRS Releases Report on Lehman Brothers Holdings Inc. and Related Entities

Non-Bank Financial Institutions
October 27, 2006

Dominion Bond Rating Service (DBRS) has today released a report on Lehman Brothers Holdings Inc. (the Company) and related entities that provides further detail on the September 28, 2006, trend change to Positive from Stable for the Company’s long-term ratings. At the same time, DBRS confirmed the short-term ratings at R-1 (middle) with Stable trends.

To obtain a copy of the full report or the September 28, 2006, press release, please click on the link below or contact us at info@dbrs.com.