Epstein Secrets

LOWES,WILLIAM T JOYCE,MARIA MORAN,JOHN A KELLY JR,EDWARD J GENDELMAN,

SNYDER,BARRY KASPER,CYNTHIA DAVIE,BEDFORD MINKER,JULES S LIPPER JR,AR

na Swetra I T: 800-634-1318 I F: 888-731-6607 EFTA01595055 To ensure a prompt response, please direct your reply to our team: pb-ervic3 1 6,',IE' iqmOrgan corn T: 800-634-131R I F: 888-731-6607 Young, Janet E From: PaLiv Sent: Mooday, June 13, 2011 8:45 AM To: PB-Seroce1318; Young, JarRt E Subject;

a property in london-- It should be addiessed to Mr. Paul Davies In care of Underwood Solicitors LLP, 40 Welbeck Street, London, WIG 8LN Dear Mr Davies This is to confirm that our institution is currently has on deposit in excess of 12,000,000 dollars US which can EFTA01595056 be used to fund a

ll property types. Mr. Harper previously worked for Blackstone in both New York and Los Angeles. Prior to joining Blackstone, Mr. Harper worked for Morgan Stanley's real estate private equity group in Los Angeles and San Francisco. Mr. Harper received a BS from the McIntire School of Commerce at the University

nagement Schools (CEMS). Simon Davies is a Managing Director in the Real Estate group and is based in London. Since joining Blackstone in 2007, Mr. Davies has been involved with tax structuring and compliance matters relating to Blackstone Real Estate Partners' Europe funds. Before joining Blackstone,

est In innovations projects that are self-funded. Davis noted that given the importance of innovation, it

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