Epstein Secrets

Officer Chief Executive Officer, Zurich Switzerland Chief Executive Officer President and Chief Executive Officer EMEA Chief Executive Officer Telenor Asia (ROH) Ltd Eurasia Group Norwegian Red Cross EQT Partners Beteiligungsberatung GmbH CM COFRA Holding AG Accel Partners AMEC Plc Russia T

ve Officer Group Communications Director Founder and Chief Executive Officer Chairman, Board of Directors Chief Executive Officer PKN ORLEN SA GE Energy The New York Times Alstom Environmental Defense Fund Kudelski Group Poland USA USA France USA Switzerland UNEPNVuppertal Institute German

SABIC Innovative Plastics USA LLC Marcus W. Brauchli Executive Editor The Washington Post USA Company Sigve Brekke Executive Vice-President, Telenor Telenor Asia (ROH) Ltd Thailand Group and Head of Asia Region Ian Bremmer President Eurasia Group USA Berge Brende Secretary-General Norweg

.o. Poland Kotak Mahindra Bank Ltd India PlanetRead APCO Worldwide Inc. Arizona State University Kohlberg Kravis Roberts & Co. PKN ORLEN SA GE Energy The New York Times Alstom Environmental Defense Fund Kudelski Group India USA USA USA Poland USA USA France USA Switzerland UNERWuppe

SABIC Innovative Plastics USA LLC Marcus W. Brauchli Executive Editor The Washington Post USA Company Sigve Brekke Executive Vice-President, Telenor Telenor Asia (ROH) Ltd Thailand Group and Head of Asia Region Ian Bremmer President Eurasia Group USA Berge Brende Secretary-General Norweg

.o. Poland Kotak Mahindra Bank Ltd India PlanetRead APCO Worldwide Inc. Arizona State University Kohlberg Kravis Roberts & Co. PKN ORLEN SA GE Energy The New York Times Alstom Environmental Defense Fund Kudelski Group India USA USA USA Poland USA USA France USA Switzerland UNERWuppe

f the Board Member of the Board President and Chief Executive Officer Executive Manager, Manufacturing Executive Editor Executive Vice-President, Telenor Group and Head of Asia Region President Secretary-General Senior Partner Chairman of the Supervisory Board Director Partner Chief Executive Offi

| Corporation Sp.zo.o. Kotak Mahindra Bank Ltd PlanetRead APCO Worldwide Inc. Arizona State University Kohlberg Kravis Roberts & Co. PKN ORLEN SA GE Energy The New York Times Alstom Environmental Defense Fund Kudelski Group UNEP/Wuppertal Institute Collaborating Centre on Sustainable Consumption and

~~ _ = —N N N N N N N N N 0 85 25885852825 mum Tech (MO Financials oo nk? i > > > 2 > = ~~ ) Discretionary (QW Industrials TONNE NNN NN NN i Staples GE Energy ems |_argest sector weight in the S&P500 = === Current = 95th %-ile A1B(RHS) ===—=S8P Value (SVX) (B) ====S&P Growth (SGX) (A) Source: BofA Merrill L

TIT IM David Wright Telefonica SA TEFOF TEF SM David Wright Telefonica SA TEF TEF US David Wright Telenet Group Holding NV TLGHF TNET BB David Wright Telenor TELNF TEL NO Sunil P. Pate Telenor TELNY TELNY US Sunil P. Pate NEUTRAL Bouygues BOUYF EN FP Frederic Boulan, CFA Deutsche Telekom DTEGY DTEGY US Fre