Statement of Legislative Council Subcommittee to Study Issues Arising from Lehman Brothers-related Minibonds and Structured Financial Products
**********************************************************

The following is issued on behalf of the Legislative Council Secretariat:

     It has come to the attention of the Legislative Council Subcommittee to Study Issues Arising from Lehman Brothers-related Minibonds and Structured Financial Products (the Subcommittee) that a report appearing to have disclosed the contents of the Subcommittee's draft report and details of the Subcommittee's internal deliberations was published by a local newspaper on March 4, 2012.  The Subcommittee expresses grave concern about the matter.  As the Subcommittee is still at the stage of drafting its report, it has yet to finalise its views on the matters under study.  In order not to prejudice the impartiality of the work of the Subcommittee and bring unfairness to the witnesses concerned, the Subcommittee hereby makes this statement for the purpose of clarification.

Ends/Monday, March 5, 2012
Issued at HKT 17:24

NNNN