PRESS RELEASE FOR IMMEDIATE RELEASE
12 JANUARY 2009
POTENTIAL ACQUISITION OF AN INTEREST IN THE PRIVATE EQUITY OPERATIONS FORMERLY OWNED BY LEHMAN BROTHERS AND ASSUMPTION OF UNFUNDED INVESTMENT COMMITMENTS
Reinet Investments SCA (‘Reinet’) confirms that it is in negotiation with the Lehman Brothers’ bankruptcy estate with a view to participating in the partial buy-out of the former Lehman Brothers private equity business, Lehman Brothers Merchant Banking (‘LBMB’). Negotiations are continuing with the bankruptcy estate and investors in the funds managed by LBMB. No formal agreement has been reached at this time.
If effected, the transaction is not expected to materially impact the net asset value or operating results of Reinet.
A further announcement will be made in due course.
Reinet Investments Manager SA
for and on behalf of Reinet Investments SCA
Mr. Alan Grieve
Tel: +352 22 7252
Reinet Investments SCA is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35 Boulevard Prince Henri, L 1724 Luxembourg. Reinet’s net asset value is currently in excess of € 2 000 million.
Reinet shares are listed on the Luxembourg Stock Exchange and Reinet South African Depository Receipts are listed in Johannesburg on the exchange operated by the JSE Limited. Reinet shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg exchange and the South African Depositary Receipts are included in the JSE ‘Top 40’ Share Index.
REINET INVESTMENTS S.C.A.
REGISTERED OFFICE: 35, BOULEVARD PRINCE HENRI, L-1724 LUXEMBOURG
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