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dependent third-party reviews Millennium Management is a market leader in providing transparency through independent service providers Independent GlobeOp Financial Services administrator • Custodial oversight and review • Position verification and valuation Independent risk analyses • NAVs • Registrar and transfer
arch 31, 2011 are those of Millennum USA LP and are net of the 20% incentive allocation to the Mdknnium General Partner, costs of Millennium USA and Millennium USA's pro rata share of costs incurred by Millennium Master Fund The incentive Notation is generally allocated at the end of the year. However, to calcula
any subscription for Offered Interests, each prospective purchaser will be required to complete, to the satisfaction of Millennium Management and GlobeOp Financial Services LLC, herein referred to as the "Administrator," a signed subscription agreement ("Subscription Agreement") certifying these and other matters,
n Millennium USA does not constitute a complete investment program, and (iii) that fully understand and are willing to assume the risks involved in Millennium USA's investment program. Millennium USA's investment practices, by their nature, may be considered to involve a substantial degree of risk. (See "Certa
morandum. The Administrator Millennium USA has entered into an agreement (the "Services Agreement") with an independent third-party administrator, GlobeOp Financial Services LLC (the "Administrator"). Pursuant to the Services Agreement, the Administrator is responsible, under the overall supervision of Millennium Manage
stimates and assumptions that the Millennium Management Group believes are reasonable and appropriate, but which may be imprecise and may result in Millennium USA's bearing a larger portion of such expenses than if they were calculated in a different manner. Assets of the Millennium Management Group, including,
any subscription for Offered Interests, each prospective purchaser will be required to complete, to the satisfaction of Millennium Management and GlobeOp Financial Services LLC, herein referred to as the "Administrator," a signed subscription agreement ("Subscription Agreement") certifying these and other matters,
n Millennium USA does not constitute a complete investment program, and (iii) that fully understand and are willing to assume the risks involved in Millennium USA's investment program. Millennium USA's investment practices, by their nature, may be considered to involve a substantial degree of risk. (See "Certa
morandum. The Administrator Millennium USA has entered into an agreement (the "Services Agreement") with an independent third-party administrator, GlobeOp Financial Services LLC (the "Administrator"). Pursuant to the Services Agreement, the Administrator is responsible, under the overall supervision of Millennium Manage
stimates and assumptions that the Millennium Management Group believes are reasonable and appropriate, but which may be imprecise and may result in Millennium USA's bearing a larger portion of such expenses than if they were calculated in a different manner. Assets of the Millennium Management Group, including,
Entities connected to both GlobeOp Financial Services and Millennium USA's

United States
LOCATIONMillennium International, Ltd.
ORGANIZATION
Millennium
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONCayman
LOCATIONthe U.S. Investment Company Act
ORGANIZATIONManagement of Millennium USA
ORGANIZATION
New York
LOCATION
Ghislaine Maxwell
PERSONErnst & Young LLP
ORGANIZATIONMillennium Partners
ORGANIZATION
U.S. Treasury
ORGANIZATIONThe Master Partnership's Organization
ORGANIZATIONKeogh
ORGANIZATIONTrigger Event
ORGANIZATIONMillennium Offshore Intermediate
ORGANIZATIONCapital Structure
ORGANIZATIONMaster-Feeder Relationship
ORGANIZATIONIndependent Public Accountants
ORGANIZATIONQuarterly Interests
ORGANIZATION