Epstein Secrets

upon =nclusion Trades =90m/ day based on bottleneck liquidity • Tradable on swap at lml.+90bps, std comm applies; also =ccessible on fully funded Luxembourg-listed warrant (MERRI1DT LX) 10 single stock names to own in Saudi. • Al Rajhi: BAML Top pick for 2018» =argest bank in Saudi » Reflation trade b

sitioning short/underweight. Positive =ews flow for Italy and Spain causing a squeeze in peripheral bonds and =quities Long equal =eighted basket of Telefonica; lberdrola; Enel; Unicredit & Santander 26/10/2017 15/02/2018 97.8 92.9 X Rates market =ontinues to re-price ECB. lyly Eonia is almost back at

n 27238 145,411 18.7% DirecTV USA 785 55,918 1.4% Axiata Malaysia 580 20,809 2.8% FSS Vimpelcom Netherlands 6,797 39210 173% SES Luxembourg $1,011 518,391 53% Etisalat UAE 2,191 25,045 8.7% Intelsat Luxembourg 2.388 17,301 13.8% Telenor Norway 5,962 45,015 13.2% TeliaSo

,991 102,552 42.9% DBS Bharti Airtel India 3,013 32,732 9.2% America Movil Mexico 9,433 118,679 7.9% Dish USA $3,297 $30,234 10.9% Telefonica Spain 27238 145,411 18.7% DirecTV USA 785 55,918 1.4% Axiata Malaysia 580 20,809 2.8% FSS Vimpelcom Netherlands 6,797 39210 173%

27,238 145,411 18.7% DirecTV USA 785 55,918 1.4% Axiata Malaysia 580 20,809 2.8% O.2 Vimpelcom Netherlands 6,797 39,210 17.3% SES Luxembourg $1,011 518,391 55% F.tisalat UAE 2,191 25.045 8.7% Intelsat Luxembourg 238.8 17,301 13.8% Te'mar Norway 5,962 45,015 132% TeliaSon

43,991 102,552 42.9% DBS Bharti Airtel India 3,013 32.732 9.2% Dish America Movil Mexico 9,433 118,679 7.9% USA $3297 530234 10.9% Telefonica Spain 27,238 145,411 18.7% DirecTV USA 785 55,918 1.4% Axiata Malaysia 580 20,809 2.8% O.2 Vimpelcom Netherlands 6,797 39,210 17.