Epstein Secrets

3 EFTA00299523 Detailed Presentation SUMMARY EFTA00299524 Leon D. and Debra R. Black Overview of Estate Plan as of June 30, 2016 On Death of Leon D. Black On Death of Debra R. Black Assets Available For Children After Death of LDS and DRB _ LDB Gross Estate 3,837,952,896 Marital Trusts 1,464,161

Overview of Estate Plan of Leon D. and Debra R. Black As of June 30. 2016 Apollo Global Management $1

ets Cash U.S. Trust Cash Account JP Morgan Cash Account BRH Holdings, LP (48.2%) AOG Units (92,727,166 Units @$15.15) Tax Receivable Agreement Financial Investments Marketable Securities AP Alternative Assets LP (AAA-AS) - $31.56 Apollo Related Investments Private Equity and Restricted Stock Investment Partn

WALKING STICKS 0.54 JEWELRY 46.62 2.112.20 BLACK FAMILY PARTNERS, LP (LOOK THRU) CASH 0.57 NON-

Y) 6.79 APOLLO OPERATING GROUP - BRH HOLDINGS 265.01 APOLLO OPERATING GROUP - TRA 2007 8.56 APOLLO OPERATING GROUP - TRA FUTURE 34.88 341.21 Financial Investments GRAT ANNUITIES RECEIVABLE 1.599.32 MARKETABLE SECURITIES 7.44 AP ALTERNATIVE ASSETS 21.66 APOLLO RELATED INVESTMENTS 2.50 INVESTMENT PARTNER

ASH/MARKETABLE SECURITIES 7.766.000 71,028.000 BLACK FAMILY PARTNERS, LP (LOOK THRU) APOLLO OPERATING

33.127.000 NON-BRH INVESTMENTS 25.194.000 APOLLO OPERATING GROUP - TRA 2007 9.484.000 INTERCO REC (PAY) 6.653.000 CASH 573.000 341,207.000 Financial Investments GRAT ANNUITIES RECEIVABLE 1.574.452.000 AP ALTERNATIVE ASSETS 22.214.000 MARKETABLE SECURITIES 7.426.000 PRIVATE EQUITY & ILLIQUIDS 5.031.000

BLACK FAMILY GROUP ENTITY LOOK THRU Global Balance Sh

ENTITY LOOK THRU Global Balance Sheet Apr 30,2014 Assets Cash U.S. TRUST 98.032.293 JPM CASH/MARKETABLE SECURITIES 30.393.126 128,425.419 Financial Investments APOLLO RELATED INVESTMENTS 149.808,867 INVESTMENT PARTNERSHIPS 107.846,965 PRIVATE EQUITY & ILLIOUIDS 140.710,336 AP ALTERNATIVE ASSETS 23.17

BLACK FAMILY GROUP ENTITY LOOK THRU Global Balance Sh

ENTITY LOOK THRU Global Balance Sheet Apr 30,2014 Assets Cash U.S. TRUST 98.032.293 JPM CASH/MARKETABLE SECURITIES 30.393.126 128,425.419 Financial Investments APOLLO RELATED INVESTMENTS 149.808,867 INVESTMENT PARTNERSHIPS 107.846,965 PRIVATE EQUITY & ILLIOUIDS 140.710,336 AP ALTERNATIVE ASSETS 23.17

ASH/MARKETABLE SECURITIES 7.766.000 71.028.000 BLACK FAMILY PARTNERS, LP (LOOK THRU) - 0.10538172 APO

25.162.000 APOLLO OPERATING GROUP • TRA 2007 9.472.000 INTERCO REC (PAY) 6.644.000 DUE FROM BRH - HERITAGE 261.000 CASH 572.000 335.175.000 Financial Investments GRAT ANNUITIES RECEIVABLE 1.574.452.000 AP ALTERNATIVE ASSETS 22.214.000 MARKETABLE SECURITIES 7.426.000 PRIVATE EQUITY & ILLIQUIDS 5.031.000