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Press Release of AMCM (Supplement to Solution Relating to the Lehman Brothers Mini-bond Series)

Monetary Authority of Macao
2009-08-03 19:01
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After consultation with Macao distributor banks, supplement to the repurchase proposal announced earlier is as follows:

1. Eligible customers who are under 65 years old will receive repurchase proceeds equivalent to 60% of initial investment amount, while eligible customers who are 65 years of age or over will receive repurchase proceeds equivalent to 70% of initial investment amount.

2. In the event that the distributor bank has received proceeds arising from realization of underlying collaterals, an eligible investor who is under 65 years of age will be entitled to, depending on the amount realized, an additional amount up to 10% of initial investment amount until the total amount of repurchase proceeds is equal to the amount received by an eligible customer who is 65 or above, namely, 70%.

3. Subsequently, if the amount realized exceeds 70% of initial investment amount, an eligible customer will be entitled to such excess.

4. A customer who has arrived at an agreement with the distributor bank beforehand will be entitled to the difference between the amount he has received under the previous agreement and the amount calculated under this proposal, should the latter amount be higher. In the event that the amount received under the previous agreement is higher than what is arrived at under this proposal, the difference needs not be surrendered to the bank concerned.


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