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Lehman Brothers Private Equity Partners amends liquidity enhancement agreement

Lehman Brothers Private Equity Partners has announced an amendment to the liquidity enhancement agreement of 21 July which granted the London branch of ABN Amro Bank sole discretion, in

Lehman Brothers Private Equity Partners has announced an amendment to the liquidity enhancement agreement of 21 July which granted the London branch of ABN Amro Bank sole discretion, in the name and for the account of LBPE, to effect repurchases and sales out of treasury of its class A ordinary shares on Euronext Amsterdam.
 
The maximum aggregate number of shares which may be repurchased in accordance with the agreement (inclusive of any shares repurchased prior to the date of this announcement) has been increased from 2,710,500 shares to 4,065,750 shares, representing 7.5 per cent of the total number of shares in issue as of 21 July 2008.
 
The agreement shall remain in force until 15 April 2009, subject to extension at the election of LBPE but may be terminated at any time by either LBPE or ABN Amro.
 
From the commencement of the agreement in July 2008 through 31 December 2008, LBPE repurchased an aggregate 1,712,137 shares, or 3.2 per cent of the total shares in issue.

In December, 881,264 shares, or 1.6 per cent of the total shares in issue, were repurchased.
 
LBPE will continue to provide regular updates regarding share repurchases in each monthly report.

In addition, in accordance with regulatory requirements, LBPE will notify the public if and when LBPE has repurchased five per cent or more of the total shares in issue.

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