NEW YORK, Sept. 8 /PRNewswire-FirstCall/ -- Lehman Brothers Holdings Inc. (NYSE: LEH) plans to announce its third quarter fiscal 2008 results as well as key strategic initiatives for the Firm on Thursday, September 18, 2008 in a press release that will be issued at approximately 4:00 p.m. ET. The press release will also be available on the Firm's Web site, http://www.lehman.com.

A conference call to discuss the Firm's financial results, outlook and strategy will be held at 4:30 p.m. ET that day. The call will be open to the public.

Members of the public who would like to access the conference call should dial 800-369-1721 (domestic) or 517-308-9232 (international) at least ten minutes prior to the start of the conference call. The pass code for all callers is 7561430. The conference call will also be accessible through the "Shareholders" section of the Firm's Web site under the subcategory "Webcasts." For those unable to listen to the live broadcast, a replay will be available on the Firm's Web site or by dialing 866-501-2959 (domestic) or 203-369-1827 (international). The replay will be available approximately one hour after the event and will remain available on the Lehman Brothers Web site and by phone until 11:59 p.m. ET on October 18, 2008.

Please direct any questions regarding the conference call to Shaun Butler at 212-526-8381, sbutler@lehman.com.

Lehman Brothers (ticker symbol: LEH), an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients and high net worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. The Firm is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world. For further information about Lehman Brothers' services, products and recruitment opportunities, visit the Firm's Web site at www.lehman.com.

SOURCE Lehman Brothers Holdings Inc.