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and Millennium USA has been structured, among other reasons, to give U.S. taxpayers an opportunity to invest in the Master Partnership indirectly. Capital Structure Millennium International and Millennium USA have, and Millennium Strategic Capital and any other feeder funds that may be formed in the future may
hip"). Millennium International, Ltd. ("Millennium International"), accepts investments from outside investors and primarily invests its capital in Millennium Offshore Intermediate, L.P., a Cayman Islands exempted limited partnership (the "Intermediate Partnership"), which, in turn, invests all or substantially all of its capi
ct or indirect subsidiaries that may trade in their own names and are generally consolidated into the financial reports of the Master Partnership. Capital Structure The equity ownership of the Master Partnership is divided into general partner interests and limited partner interests. The interests differ in the
ty company that was formed in 1994. The General Partner also serves as the sole general partner of Millennium USA, Millennium Strategic Capital and Millennium Offshore Intermediate. The General Partner is considered to be under the ultimate control of Israel Englander. The business address and telephone number of the General
and Millennium USA has been structured, among other reasons, to give U.S. taxpayers an opportunity to invest in the Master Partnership indirectly. Capital Structure Millennium International and Millennium USA have, and Millennium Strategic Capital and any other feeder funds that may be formed in the future may
hip"). Millennium International, Ltd. ("Millennium International"), accepts investments from outside investors and primarily invests its capital in Millennium Offshore Intermediate, •., a Cayman Islands exempted limited partnership (the "Intermediate Partnership"), which, in turn, invests all or substantially all of its capita
ct or indirect subsidiaries that may trade in their own names and are generally consolidated into the financial reports of the Master Partnership. Capital Structure The equity ownership of the Master Partnership is divided into general partner interests and limited partner interests. The interests differ in the
ty company that was formed in 1994. The General Partner also serves as the sole general partner of Millennium USA, Millennium Strategic Capital and Millennium Offshore Intermediate. The General Partner is considered to be under the ultimate control of Israel Englander. The business address and telephone number of the General
Entities connected to both Capital Structure and Millennium Offshore Intermediate

U.S. Treasury
ORGANIZATIONErnst & Young LLP
ORGANIZATION
New York
LOCATIONManagement of Millennium USA
ORGANIZATIONCayman
LOCATIONMillennium Partners
ORGANIZATIONThe Master Partnership's Organization
ORGANIZATIONMillennium USA's
LOCATIONMillennium International, Ltd.
ORGANIZATION
Millennium
ORGANIZATIONthe U.S. Investment Company Act
ORGANIZATIONTrigger Event
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONKeogh
ORGANIZATION
United States
LOCATIONIndependent Public Accountants
ORGANIZATIONMaster-Feeder Relationship
ORGANIZATION
Ghislaine Maxwell
PERSONQuarterly Interests
ORGANIZATIONGlobeOp Financial Services
ORGANIZATION