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(MMC) USA DST Global Advisors Limited Russian Federation BMO Financial Group Eton Park Capital Management LP Guggenheim Partners LLC PepsiCo Greater China Region Christian Aid The Economist Otkritie Financial Corporation JSC Permanent Mission of South Africa Canada USA USA People's Republic o

,714.61 2,836.01 4,200.36 9266.71 8,361.67 54,93122 62,651.64 1,101.71 176,823.64 21,5(6.51 30,35632 1.240 Og Travel:AJZ 390.00 390.00 MorganStariley SmithBarney 115 EFTA00284457 Mortimer B. Zuckerman MBZ Personal Expenses - As of December 31, 2011 Category January bebruary March April

ntrol equity investments in established, cash-generative businesses in the Asia Pacific region. CVC Asia focuses on buyouts and investment in Japan, Greater China, South Korea and Australia. They have a well-established local presence and proven execution capability in all key markets. CVC Asia's senior manage

ional-manufacturing Chinese industries vs. the country’s current strategic emphasis on tech and consumer/retail. Despite having only a 4% exposure to Greater China (includes Hong Kong), EWBC benefits from its unique positioning, both as industry experts in parallel industries and as a relationship bank. Investor

integration risks. Upside risks to our price objective are better than expected equity markets, performance, or flows, or an accretive acquisition. Morgan Stanley (MS) We value the brokers based on the relationship between ROE (return on equity} and PB (price to book), which has a high historical correlation. Ou