ANNOUNCEMENT DATED 07 MARCH 2007 Bear Stearns Global Asset Holdings, Ltd. (Incorporated with limited liability in the Cayman Islands) Issue of up to SEK 1,000,000,000 Notes Linked to a Multi Asset Multi Strategy Portfolio of Indices and Commodities due 2011 (the "Notes") ISIN Code: XS0280818716 Guaranteed by The Bear Stearns Companies Inc. under the U.S.$30,000,000,000 Euro Medium Term Note Programme This announcement replaces and supersedes the announcement dated 05 March 2007 in respect of the Notes. 1. NOTICE OF ISSUE AMOUNT The offer period for the Notes (described above) ended at 5:00pm (Central European Time) on 14 February 2007. Pursuant to the Prospectus for the issue of the Notes dated 15 January 2007, the Aggregate Nominal Amount of the Notes to be issued on 08 March 2007 will be SEK 75,500,000. 2. SERIES NUMBER Pursuant to condition 19.2 of the Eleventh Supplemental Trust Deed, paragraph 2 of the Terms of the Notes should be deleted in its entirety and replaced as follows: "2. Series Number: 5553." Enquiries: Transaction Management Group Bear, Stearns International Limited One Canada Square London E14 5AD Tel: +44 20 7516 6817 Fax: +44 20 7516 5001 ---END OF MESSAGE---