Redemption of Stock

RNS Number:1098S
Lehman Brothers Holdings PLC
27 February 2002


Letter to Company Announcements Office
Dated 26 February 2002


This is to inform you that for value 5th 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 4,000,000          USD 4,000,000
USD 4,000,000 Subordinated Floating 
Rate Notes due 5 March 2007 
Series No 358
 
Lehman Brothers Holdings PLC exercised its right in accordance with paragraph
23(a) of the above pricing supplement (Notes series 358), to redeem the Notes in
whole at par on the Interest Payment Date falling in March 2002.


From Lehman Brothers Holdings PLC


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