Epstein Secrets

02686137 Monique F. Leroux Aharon Leshno-Yaar Rich Lesser Peter Levene Richard C. Levin Alison Le

ve Officer Group Communications Director Founder and Chief Executive Officer Chairman, Board of Directors Chief Executive Officer PKN ORLEN SA GE Energy The New York Times Alstom Environmental Defense Fund Kudelski Group Poland USA USA France USA Switzerland UNEPNVuppertal Institute German

sh Lerner Monique F. Leroux Aharon Leshno-Yaar Rich Lesser Yves Leterme Doris Leuthard Lord Levene

.o. Poland Kotak Mahindra Bank Ltd India PlanetRead APCO Worldwide Inc. Arizona State University Kohlberg Kravis Roberts & Co. PKN ORLEN SA GE Energy The New York Times Alstom Environmental Defense Fund Kudelski Group India USA USA USA Poland USA USA France USA Switzerland UNERWuppe

sh Lerner Monique F. Leroux Aharon Leshno-Yaar Rich Lesser Yves Leterme Doris Leuthard Lord Levene

.o. Poland Kotak Mahindra Bank Ltd India PlanetRead APCO Worldwide Inc. Arizona State University Kohlberg Kravis Roberts & Co. PKN ORLEN SA GE Energy The New York Times Alstom Environmental Defense Fund Kudelski Group India USA USA USA Poland USA USA France USA Switzerland UNERWuppe

| Corporation Sp.zo.o. Kotak Mahindra Bank Ltd PlanetRead APCO Worldwide Inc. Arizona State University Kohlberg Kravis Roberts & Co. PKN ORLEN SA GE Energy The New York Times Alstom Environmental Defense Fund Kudelski Group UNEP/Wuppertal Institute Collaborating Centre on Sustainable Consumption and

sh Lerner Monique F. Leroux Aharon Leshno-Yaar Rich Lesser Yves Leterme Doris Leuthard Lord Levene

~~ _ = —N N N N N N N N N 0 85 25885852825 mum Tech (MO Financials oo nk? i > > > 2 > = ~~ ) Discretionary (QW Industrials TONNE NNN NN NN i Staples GE Energy ems |_argest sector weight in the S&P500 = === Current = 95th %-ile A1B(RHS) ===—=S8P Value (SVX) (B) ====S&P Growth (SGX) (A) Source: BofA Merrill L

ation trade. Cheapen Financials upside by selling rich Utilities and Staples vol & expensive correl. Hi