Epstein Secrets

150% S 16.4 3 18.7 -12% 5 216 -24% Feb-08 Falcon 2000EX Dassault 6% 11 12 -8% 3 267% 525.6 333.8 -24% 5 355 -28% Mar-09 Legacy 600 Embraer 13% 20 20 0% 2 900% 19.3 3 20.0 -4% 5 245 -21% Dec-07 Medium Large Challenger 300 embattle( 8% 22 22 0% 7 214% 18.1 3 24.8 -27%

009 and UBS esbmales for future periods. TXT PE multiple for the current period Sects our 2010 imamate. Source: UBS eslimales UBS 3 EFTA00775618 UBS Business Jet Update 10 June 2009 Available Inventory Levels We estimate 3,057 business jet aircraft available for sale at the end of May (including 2,878 used

concerns over the shape of the recovery at Cessna, given significant oversupply, fractional weakness, and increased competition at the low-mid end (Embraer). Of the suppliers. Buy rated COL is our preferred play on business jets. Global Equity Research Americas Aerospace Sector Comment 24 March 2010

of this report. Investors should consider this report as only a single factor in making their investment decision. EFTA_R1_01473294 EFTA02411799 UBS Business Jet Survey 24 Mach 2010 Business Jet Market Survey Our UBS Business Jet Market Survey is designed to provide timely market data supplied directly by i

through September 8, 2006 the percentage band criteria used in the rating system was 10%. Additional Prices: Bombardier Inc., C$4.72 (01 Feb 2012); Embraer, US$28.64 (01 Feb 2012); Source: UBS. All prices as of local market close. UBS 12 EFTA_R1_00225659 EFTA01840660 UBS Business Jet Survey 2 Febni

s corn .1412413 3321 4; fl $7 .' 7 a' ingagtg.tgl 7.73 3. .7 ' Simple average B8BGOTTX3 Mock price performance index 'static. to SSP 500 Sawa: UBS Business Jet Survey Source. UBS Business Jet Survey This report has been prepared by UBS Securities LLC ANALYST CERTIFICATION AND REQUIRED DISCLOSURES BEGIN ON

concerns over the shape of the recovery at Cessna, given significant oversupply, fractional weakness, and increased competition at the low-mid end (Embraer). Of the suppliers. Buy rated COL is our preferred play on business jets. Global Equity Research Americas Aerospace Sector Comment 24 March 2010

of this report. Investors should consider this report as only a single factor in making their investment decision. EFTA_R1_01519443 EFTA02443877 UBS Business Jet Survey 24 Mach 2010 Business Jet Market Survey Our UBS Business Jet Market Survey is designed to provide timely market data supplied directly by i