Lernout & Hauspie Speech Products N.V. Advises Creditors Of November 21, 2001 Deadline For Filing Claims Set By Ieper, Belgium Commercial Court.

Business/Technology Editors

IEPER, Belgium & BURLINGTON, Mass.--(BUSINESS WIRE)--Nov. 14, 2001

Lernout & Hauspie Speech Products N.V. ("L&H NV" or the "Company") wishes to advise creditors that, pursuant to the Judgment dated October 24, 2001, of the Ieper, Belgium Commercial Court, creditors wishing to assert claims as part of the Belgian bankruptcy liquidation proceeding of L&H NV must file their declaration of receivables with the clerk's office of the Commercial Court at Ieper, Grote Markt 10, Ieper, Belgium, on or before November 21, 2001. The prior filing of a proof of claim with the United States Bankruptcy Court for the District of Delaware in connection with Lernout & Hauspie Speech Products N.V.'s chapter 11 bankruptcy case or the filing of a declaration of receivables with the Ieper Commercial Court in connection with the Company's prior concordat proceeding is not a substitute for filing a claim with the Ieper, Belgium Commercial Court as part of the Company's Belgian bankruptcy liquidation proceeding.

Creditors that wish to assert claims against Lernout & Hauspie Speech Products N.V. should consult their counsel to determine the advisability of filing such claims in the Belgian bankruptcy liquidation proceeding. Creditors of Dictaphone Corporation and L&H Holdings USA, Inc. (both of which also have chapter 11 bankruptcy cases pending before the United States Bankruptcy Court for the District of Delaware) are not required to file claims with the Ieper, Belgium Commercial Court in the Belgian bankruptcy liquidation proceeding unless they specifically are asserting claims against Lernout & Hauspie Speech Products N.V.