Epstein Secrets

A SS, Numis downgrade 117 LN Berenberg downgrade VOD LN, Berenberg downgrade LG FP, CS downgrade ELI1V FH CS upgrade TDC DC, Exane upgrade DELB BB, BofAML upgrade PFG SJ, Akros cuts BMPS IM HSBC upgrade DEB LN, Citi initiate UU/ LN (b), JEFF upgrade GFS LN, Nomura upgrade MC FP UBS cuts RSL LN, Raja i

From: Ike Groff Subject: Early Tour 11.28.12 Date: Wed, 28 Nov 2012 11:10:13 +0000 Inline-Images: iinage001.jpg: image002.png :"Description: Description: Good

BK GY, ULVR LN • JPM upgrade ACA FP, HYDR RM, IRAO RM, initiate DCC LN (n), Nordea upgrade PNDORA DC • RBC downgrade WOS LN, Citi downgrade EDP PL, BofAML upgrade RICHT HB, Libr u/g PURE LN EFTA00390483 • SocGen downgrade MERY FP, BP IM, upgrade SVT LN, MS upgrade BG/ LN, Numis downgrade CIU LN • Na

From: Ike Groff Subject: Early Tour 5.15.13 Date: Wed, 15 May 2013 09:56:01 +0000 Inline-Images: image001.jpg; image002.png L,,:pescription: Description: Good M

BBY (buy), GS upgrades UNH, Baird cuts YUM, Jeff cuts EQRIAVB Europe Key Research: • MS prefers Japanese equities to European, UBS upgrade BBVA SM, BofAML downgrade CNA LN, RI FP • JPM initiate MSTT RU (ow), CON GR (ow), upgrade ALR PW, Barc downgrade JMT PL, -ye Fl IM ••• Nomura upgrade DLG LN, downg

From: Ike Groff Subject: Early Tour 2.5.13 Date: Tue, 05 Feb 2013 11:03:32 +0000 Inline-Images: image001.jpg: image002.png L,,pescription: Description: Good Mo

•• Citi upgrade SESG FP,UBS upgrade GFC FP, downgrade LAD LN, CS downgrade LRE LN, upgrade TSCO LN ••• GS upgrade SPM IM, EMGS NO, downgrade ANA SM, BofAML downgrade ASELS TI, Shorcap upgrade TSCO LN EFTA00394117 • SocGen upgrade YKBNK TI, initiate GIB GY (b), Natixis downgrade EDP PL, upgrade MPI LN,

From: Ike Groff Subject: Early Tour 3.6.13 Date: Wed, 06 Mar 2013 11:03:06 +0000 Inline-Images: image00 1 .jpg; image002.png Description: Description: Good Mor

grade KNIN VX, -ve NOK1V FH, upgrade TCG LN EFTA00397051 ••• JPM initiate VSVS (ow), upgrade IAG LN, GS downgrade NAUR NO, add FLUG AV to CL buy, BofAML adds BAY GY to Europe list ••• Commerzbank Steel Sector: (downgrade SZG GY & VOE AV), Barclays downgrades FUM1V FH, VER AV, SPM IM & upgrades TEC

From: Ike Groff Subject: Early Tour 1.25.13 Date: Fri, 25 Jan 2013 10:51:44 +0000 Inline-Images: image00 1 jpg; image002.png Description: Description: Good Mor

N ••• UBS make AVV LN most pref stock — replaces FENR LN, HSV LN least pref stock — replaces RSW LN ••• MS resume LSE LN (ow), DB downgrade ADS GY, BofAML upgrade UHR VX, Numis downgrade DOM LN ••• JPM downgrade BMW GY, APPC AB, upgrade PETROCH AB, NOK1V FH, Exane downgrade FME GY • Nomura upgrade ELI

From: Ike Groff Subject: Early Tour 7.3.13 Date: Wed, 03 Jul 2013 09:41:59 +0000 Inline-Images: image001.jpg: image002.png La.:Description: Description: Good Mo

oved, upgrade TCELL TI, TRMK RM, PHOR RM, SZG GY, downgrade TAVHL TI, SHI LN • Barc initiate KYG ID (ow), Citi upgrade TNET BB, CS downgrade SW FP, BofAML remove SOLB BB from Europe 1 list e DB upgrade UBSN VX, BNP FP, GS add MC FP, BRBY LN, REE SM, ITX SM to cony buy list — SFER IM removed • HSBC upg

From: Ike Groff Subject: Early Tour 4.19.13 Date: Fri, 19 Apr 2013 09:39:26 +0000 Inline-Images: image00 1 jpg; image002.png Description: Description: Good Mor