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able FRE, return, & dist outlook - BUY - United =tates Date: =/b>February 6, 2017 at 9:21:23 AM =ST To: qb>"Rich Kahn" Reply-To: =/b>"Ens, Amanda" Global Research 1 EFTA_R1_01406697 EFTA02386542 Apollo Global Management Upgrading to Buy on positive results and = more favorable FRE, return, & dist outlook

al Management: Rating Change - Upgrading to Buy on positive results and a more favorable FRE, return, & dist outlook - BUY - United States Richard =ahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York. NY 10022 Begin forwarded message: From: =/b>"Ens, Amanda" Subject: =/b>APO US: Apollo =lobal Management

s likely if =xpense pattern holds - BUY - United States Date: =/b>February 2, 2017 at 9:06:14 AM =ST To: =/b>"Rich Reply-To: =/b>"Ens, Amanda" < Global Research EFTA_R1_01414365 EFTA02389702 Facebook Beat and raise, and more raises likely if =xpense pattern holds Reiterate Rating: BUY PO: 165.00 USD I

tock own 17,500 shares from =nbsp;IPO 5/17/2012 at 538 per share stock =remarket 133.5 unrealized gain 1,671,250 position value 2,336,250 Richard =ahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 tel fax cell = Begin forwarded message: From: qb>"Ens, Amanda" < Subject: =/b>FB US: Facebo

[email protected]> Reply-To: =/b>"Ens, Amanda" <[email protected]> EFTA_R1_01328859 EFTA02350939 Rich, as an update in case =ou still hold Global Research General Motors Company GM produces solid 4Q16, taxes drive beat, =onstructive outlook maintained — first take Maintain Rating: NEUTRAL PO: 42.00 US

; purchase =ate—> 12/9/10 97,525 shares Cost basis 36.77 Dividend yield 4.13% stock at 9:38am =nbsp;35.45 unrealized loss (128,686) Richard =ahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York NY 10022 Begin forwarded message: From: =/b>"Ens, Amanda" <[email protected]> Subject: =/b>GM US: Gene

- NEUTRAL - United States Date: =/b>February 3, 2017 at 9:25:48 AM =ST To: =/b>"Rich Kahn"< Reply-To: =/b>"Ens, Amanda" Rich, just as an =pdate Global Research Apollo Global Management EFTA_R1_01910963 EFTA02662226 Revenue beat, with good performance and =mproving distribution Maintain Rating: NEUTRAL

Subject: Fwd: APO US: Apollo Global Management - Revenue beat, with good performance and improving distribution - NEUTRAL - United States Richard =ahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 Begin forwarded message: From: =/b>"Ens, Amanda" Subject: =/b>APO US: Apollo =lobal Management