Epstein Secrets

ahrain Notice to Investors in the Kingdom of Bahrain This offer is a private placement. It is not subjxt to the regulations of the Central Bank of Bahrain that apply to public offerings of securities and the extensive disclosure requirements and other protections that these regulations contain. This Me

Securities Markets Act (ammaperimarkkinalaki. 26.5.1989/495, as amended the "SMA"), based on the exemptions set forth in Decree 452/2005 issued by the Ministry of Finance, the offering of interests in the Fund would be exempted from the prospectus requirements of the SMA (based on the limited number of Finnish offeree

rity for Culture have been created. The Department of Zakat and Income Tax was renamed the General Authority for Zakat and Income, and will report to the Ministry of Finance. New Central Bank Governor maintains commitment to USD peg Saudi Arabian Monetary Agency (SAMA) Governor Al-Mubarak has been replaced in his post b

Foreign securities 55 61 66 7 85 85 87 97 98 Source: Haver, SAMA, IMF, SFD, BofA Merrill Lynch Global Research. Middle East oil exporters consist of Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. OS merrill Lynch GEMs Paper #26 | 30 June 2016 9 HOUSE_OVERSIGHT_01611

ues and weak competitiveness of major exporters are hurting the Japanese economy and PMls have disappointed. We therefore think the Bank of Japan and Ministry of Finance will maintain an expansive policy bias and continue trying to weaken the JPY. We are underweight JPY. ¢ For commodity currencies, the AUD and NZD co

amas) Ltd and is not intended for distribution to persons designated as a Bahamian citizen or residen under the Bahamas Exchange Control Regulations. Bahrain: UBS AG is a Swiss bank not licensed, supervised or regulated in Bahrain by the Central Bank of Bahrain and does not undertake banking or investment