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ce Best, Ari From: Richard Kahn [mailto:richardkahn12@cimailcoml Sent: Thursday, February 25, 2016 8:41 AM To: Ariane Dwyer Cc: Vahe Stepanian; Daniel Sabba Subject: Re: LBG Capital Tender Offer > wrote: can you please respond with sales proceeds mr epstein would receive from this offer thank you Ric
ing a voluntary offer for Southern Financial. LBG is offering to purchase any and all of the LBG Capital No 1 PLC 144A notes per the below details. Recall Southern Financial holds 1,200,000 of the notes, position details also below. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 120512 CONFIDENTIAL SDNY_GM
From: Richard Kahn Sent: Thursday, February 25, 2016 8:41 AM To: Ariane Dwyer Cc: Vahe Stepanian; Daniel Sabba Subject: Re: LBG Capital Tender Offer can you please respond with sales proceeds mr epstein would receive from this offer thank you Richard Kahn
ing a voluntary offer for Southern Financial. LBG is offering to purchase any and all of the LBG Capital No 1 PLC 144A notes per the below details. Recall Southern Financial holds 1,200,000 of the notes, position details also below. <image001.jpg> <image002.jpg> If you have any questions please reach out directly to th
in the screenshot below. Best, Ari From: Richard Kahn [mailto: Sent: Wednesday, February 24, 2016 5:33 PM To: Ariane Dwyer Cc: Vahe Stepanian; Daniel Sabba Subject: Re: LBG Capital Tender Offer please advise on price of offer thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floo
ing a voluntary offer for Southern Financial. LBG is offering to purchase any and all of the LBG Capital No 1 PLC 144A notes per the below details. Recall Southern Financial holds 1,200,000 of the notes, position details also below. <image001.jpg> CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 120522 CONFI
250 3228. Best, Ari From: Richard Kahn PliellleilliMPOIMINNISSmia Sent: Thursday, February 25, 2016 8:41 AM To: Ariane Dwyer Cc: Vahe Stepanian; Daniel Sabba Subject: Re: LBG Capital Tender Offer can you please respond with sales proceeds mr epstein would receive from this offer thank you Richard Kahn
ing a voluntary offer for Southern Financial. LBG is offering to purchase any and all of the LBG Capital No 1 PLC 144A notes per the below details. Recall Southern Financial holds 1,200,000 of the notes, position details also below. <image001.jpg> <image002.jpg> If you have any questions please reach out directly to th
Subject: RE: LBG Capital Tender Offer [I] From: Vahe Stepanian Date: Thu, 25 Feb 2016 09:17:23 -0500 To: Paul Morris Cc: Daniel Sabba Ariane Dwyer Classification: For internal use only Paul — just called you RE: below. Give me a call back at your convenience. Thanks, Vahe From
ing a voluntary offer for Southern Financial. LBG is offering to purchase any and all of the LBG Capital No 1 PLC 144A notes per the below details. Recall Southern Financial holds 1,200,000 of the notes, position details also below. <image001.1pq> <image002.1pq> If you have any questions please reach out directly to t
Subject: Re: LBG Capital Tender Offer From: Richard Kahn e > Date: Thu, 25 Feb 2016 09:01:42 -0500 To: Ariane Dwyer Cc: Vahe Stepanian Daniel Sabba Paul V Morris in meetings all morningplease send proceeds of what mr epstein would receive not sure why that is so difficult for you to answer th
ing a voluntary offer for Southern Financial. LBG is offering to purchase any and all of the LBG Capital No 1 PLC 144A notes per the below details. Recall Southern Financial holds 1,200,000 of the notes, position details also below. <image001.jpg> <image002.jpg> EFTA01477445 If you have any questions please reach ou
ssage: From: =/b>Ariane Dwyer a> Subject: =/b>LBG Capital =ender Offer Date: February 24, 2016 at 2:53:58 PM EST To: =/b> Cc: Vahe Stepanian >, Daniel Sabba Hi Rich, I am =mailing regarding a voluntary offer for Southern Financial. LBG is =ffering to purchase any and all of the LBG Capital No 1 PLC 144
ding a voluntary offer for Southern Financial. LBG is =ffering to purchase any and all of the LBG Capital No 1 PLC 144A notes =er the below details. Recall Southern Financial holds 1,200,000 of the notes, position details also below. EFTA_R1_01580075 EFTA02469560 If you have any questions please =each out directly to
Entities connected to both Daniel Sabba and Recall Southern Financial

Richard Kahn
PERSONVahe Stepanian
PERSON
Ariane de Rothschild
PERSON
Ariane Dwyer
PERSONDeutsche Bank Securities Inc.
ORGANIZATION
Marc Rich
PERSONBeneficial
ORGANIZATIONLucid Issuer Services
ORGANIZATION