Epstein Secrets

ack of Marketability Discount Aggregate Fair Market Value Partners Pro Rata Interest Pro Rata Fair Market Value Pro Rata FMV Contribution % Apollo Management aci 10% 30 30.35% SO 0.00% Apollo Management IV, 32.071.933 10% 31.864.739 30.35% 3565.948 0.07% Aga Management V, 38.097.961 15% 36,883,

rtnors Capital $206,700,000 • Gordon Growth MOdel (Horizon Net Income x (l+growth rate) / (capitalization rale + exIM SA] EFTA00625002 L AMU. I APOLLO VIF MANAGEMENT, LP DISCOUNTED FUTURE EARNINGS AS OF APRIL 16, 2007 Assets Under Management HISTORY 2006 PROJECT 2007 PROJECT 2008 PROJECT 2009 PROJECT

00 So so 50 Pro Rata Share of NV III held by Apollo Co-Investors II 5.6% (b) 513.364.120 $5,832.253 $0 $0 SO Total Pro Rata Cash flows to Apollo Co-Investors III (aria+ b) 513,354,120 $6.537,238 $0 SO 50 Discount Rate 16% Days 207 572 937 1,302 1,667 Present Value Factors (d) 0.9193 0.7925 0

ldings, LLC Lion Advisors, LP AIF IV Management, Inc.2 Hamlet ControlNote Company3 2 AIF IV Management Inc., the administrative general partner of Apollo Management IV, ■., exists solely to hold the split dollar life insurance policy for LB and LB is the sole shareholder of the entity. AIF IV Management Inc.'s int

dco,tP APOLLO CO4NVESTMENTWHICLES AIC Co-Investors, LLC Apollo SVF Co-Investors, LLC Apollo DIF Co-Investors, LLC Apollo SOMA Co-Investors, LLC Apollo Co-Investors III, LLC, Apollo Co-Investors LV, LLC, Apollo Co-Investors V, LLC, and Apollo Co-Investors LLC. Apollo Co-Investors VI (EH-A), M. Apollo Co-Inve

ngs, LLC Lion Advisors, LP AIF IV Management, Inc.2 Hamlet ControlNote Company3 2 1 AIF IV Management Inc., the administrative general partner of Apollo Management IV, L.P., exists solely to hold the split-dollar life insurance policy for LB and LB is the sole shareholder of the entity. AIF IV Management Inc.'s i

LP APOLLO CO-INVESTMENT VEHICLES AIC Co-Investors, LLC Apollo SVF Co-Investors, LLC Apollo DIF Co-Investors, LLC Apollo SOMA Co-Investors, LLC Apollo Co-Investors III, LLC, Apollo Co-Investors IV, LLC, Apollo Co-Investors V, LLC, and Apollo Co-Investors V (EH), LLC. Apollo Co-Investors VI (EH-A), L.P. Apollo C

ldings, LLC Lion Advisors, LP AIF IV Management, Inc.2 Hamlet ControlNote Company3 2 AIF IV Management Inc., the administrative general partner of Apollo Management IV, L.P., exists solely to hold the split-dollar life insurance policy for LB and LB is the sole shareholder of the entity. AIF IV Management Inc.'s i

LP APOLLO CO-INVESTMENT VEHICLES AIC Co-Investors, LLC Apollo SVF Co-Investors, LLC Apollo DIF Co-Investors, LLC Apollo SOMA Co-Investors, LLC Apollo Co-Investors III, LLC, Apollo Co-Investors IV, LLC, Apollo Co-Investors V, LLC, and Apollo Co-Investors V (EH), LLC. Apollo Co-Investors VI (EH-A), L.P. Apollo C