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t your convenience 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
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
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
uppercase text 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 A
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
convenience 212 250 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
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
ive me a call back at your convenience. Thanks, Vahe From: Richard Kahn [mailto: Sent: Thursday, February 25, 2016 9:02 AM To: Ariane Dwyer Cc: Vahe Stepanian; Daniel Sabba; Paul Morris Subject: Re: LBG Capital Tender Offer in meetings all morning please send proceeds of what mr epstein would receive no
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
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
Begin forwarded message: 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 Cap
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 Vahe Stepanian and Recall Southern Financial

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