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ER Cfl File LAST STATEMENT June 29.2007 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is a

ment should be retained for our records. See reverse side for important information. 06,300707M 001 VOII EFTA00201084 CLEARED THROUGH ITS Ym0uY ORIVED SLISSICHAAv Seal. SleanIS SMARR. Cv0. One Mewled, Conk. North 9roStlin. Nov York 11201.3859 JEFFREY EPSTEIN 2 of e STATEMENT BACKER IS PRINTED

AMMER On File LAST MAMIE& June 29.2007 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is a

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SER On File LAST STATEMENT June 29.2007 Equities & Options The research ratings for Bear Steams (BSC) are shown for certain securities covered by the BSC Equity Research Department. The first rating represents the stock's total return relative to the other stocks covered by that Analyst. The key for the stock rating values is a

and," shod Madrat vain. MO 000.111a1 potatoes is clawed Korn Se atsokso inatkOt WI.F0 OF ,0,1 actilono. EFTA00197037 CLEARED THROUGH ITS YMOLLv ORIVED SUBSIDIARY BEAR STEARNS CPHOE SERVICING YOUR AC/OriNT Bear. Stearns & Co. Inc. 383 Madison Avenue New YY New York 10179 4 Your Portfolio Hol