Epstein Secrets

cton w Etrawen ar SenfneOurirdrpnApol • pub•0001 In our view, brownfield spend is likely to benefit from local currency devaluations. If we look at Norway as a example, our FX team forecasts a NOK to USD exchange rate of 8.2 for 2015 a drop of -25% in the value of the Krone YoY. If we assume that 20%

-cycle brownfield spending is expected to be curtailed tar less In. Ice 140 120 ICO 00 CO 40 20 0 Figure 27: While a new deeper trough in Greenfield spending is expected this time around, it's worth noting that prior cycle's SUBSEA demand tell only -7% as brownfield activity replaced greenfield

31 May 2015 Integrated Oil US Integrated Oils Figure 26: Greenfield spending will undoubtedly be challenged through 2015; however, offshore short-cycle brownfield spending is expected to be curtailed tar less In.

yMiner, the threat was discovered last week, when it started launching massive attacks on web servers in the United States, Germany, United Kingdom, Norway, and Sweden. Within a single day, the attackers behind this malware attempted to compromise nearly one third of networks globally. • The purpose of

variant of SamSam that infected Allscripts was a new variant unrelated to the version of SamSam that infected systems at Hancock Health Hospital in Greenfield, Indiana and Adams Memorial Hospital in Decatur, Indiana. EFTA00162779 Malware: 1 - MaMi Malware Targets Mac OS X DNS Settings http://www.zdnet.

6,797 39210 173% SES Luxembourg $1,011 518,391 53% Etisalat UAE 2,191 25,045 8.7% Intelsat Luxembourg 2.388 17,301 13.8% Telenor Norway 5,962 45,015 13.2% TeliaSonera Sweden 1,252 45,521 2.8% Other Sirius XM Deutsche Telekom Germany 48,476 141,020 34,4% USA 52,084 $2

014 EFTA_R1_02095948 EFTA02705504 Summary of Valuation Methodologies Ucscriptiun Spectrum Value • Industry standard valuation methodology (AKA "Greenfield Approach") • • Primary methodology used in the absence of "good" comps IRR Analysis • Google's review and endorsement of the financial projection

6,797 39,210 17.3% SES Luxembourg $1,011 518,391 55% F.tisalat UAE 2,191 25.045 8.7% Intelsat Luxembourg 238.8 17,301 13.8% Te'mar Norway 5,962 45,015 132% TeliaSontra Sweden 1,252 45521 2.8% Other Sirius XXI Deutsche Telekom Germany 48,476 141,020 344% USA $2,084 $25,

02096504 EFTA02705694 Summary of Valuation Methodologies )escri Spectrum Value - Sem. ,et C ase • Industry standard valuation methodology (AKA "Greenfield Approach") • • Primary methodology used in the absence of "good" comps IRR Analysis • Google's review and endorsement of the financial projection