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the EIU, and Standard & Poor's Industry Surveys. CONFIDENTIAL I WTAS LLC 17 EFTA00307412 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie so, 2011 HOUSING MARKET Since 2008, the subprime debt crisis has placed downward pressure on economic growth as significant losses from subprime l
i Ile Inca. Omni. nfloi 0.9•19 0w1.O (II int. tit lbw BA.. Nanda liwywie. ht.1/4 ....I1ø.ø. Cleumua ai Hannah:et te ',maw aelChnnute d lined Canna." fl it( Euntne ~ca. hasilan Dinnfir and Matta el linerd Carve...inn( maw. rotn0(9 40.4 Do-Nix fl eet Finswal 5mø. Prat era ACOntlill niliM atdSmi
sasamti.5 EL9Lba 1M111 ((e salon. Afrem pt. slure 44..0 Curnali Pau i4.2911) 525.30 51444.4 MIA 4/9941•9 MOA 6: Ren! Let el AttOtt AAM Ika! Canna, Slanes 533.994 Mark, Caplullzadna 51341119 P/g. roti (bb 00 P/g. Mannis 5143 00 Phs 00 lausgul caplid Vake 511411114 149 eub Eysnaleu e
the EIU, and Standard & Poor's Industry Surveys. CONFIDENTIAL I WTAS LLC 17 EFTA00307311 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie so, 2011 HOUSING MARKET Since 2008, the subprime debt crisis has placed downward pressure on economic growth as significant losses from subprime l
i Ile Inca. Omni. nfloi 0.9•19 0w1.O (II int. tit lbw BA.. Nanda liwywie. ht.1/4 ....I1ø.ø. Cleumua ai Hannah:et te ',maw aelChnnute d lined Canna." fl it( Euntne ~ca. hasilan Dinnfir and Matta el linerd Carve...inn( maw. rotn0(9 40.4 Do-Nix fl eet Finswal 5mø. Prat era ACOntlill niliM atdSmi
sasamti.5 EL9Lba 1M111 ((e salon. Afrem pt. slure 44..0 Curnali Pau i4.2911) 525.30 51444.4 MIA 4/9941•9 MOA 6: Ren! Let el AttOtt AAM Ika! Canna, Slanes 533.994 Mark, Caplullzadna 51341119 P/g. roti (bb 00 P/g. Mannis 5143 00 Phs 00 lausgul caplid Vake 511411114 149 eub Eysnaleu e
the EIU, and Standard & Poor's Industry Surveys. CONFIDENTIAL I WTAS LLC 17 EFTA00307210 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie so, 2011 HOUSING MARKET Since 2008, the subprime debt crisis has placed downward pressure on economic growth as significant losses from subprime l
i Ile Inca. Omni. nfloi 0.9•19 0w1.O (II int. tit lbw BA.. Nanda liwywie. ht.1/4 ....I1ø.ø. Cleumua ai Hannah:et te ',maw aelChnnute d lined Canna." fl it( Euntne ~ca. hasilan Dinnfir and Matta el linerd Carve...inn( maw. rotn0(9 40.4 Do-Nix fl eet Finswal 5mø. Prat era ACOntlill niliM atdSmi
sasamti.5 EL9Lba 1M111 ((e salon. Afrem pt. slure 44..0 Curnali Pau i4.2911) 525.30 51444.4 MIA 4/9941•9 MOA 6: Ren! Let el AttOtt AAM Ika! Canna, Slanes 533.994 Mark, Caplullzadna 51341119 P/g. roti (bb 00 P/g. Mannis 5143 00 Phs 00 lausgul caplid Vake 511411114 149 eub Eysnaleu e
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