Epstein Secrets

To: "dirty E." <jcszacaliangsautiLuan> Richard Kahn HBRK Associates Inc. 575 Losing= Avenue 4th Floor CC Begin forwarded message: From: 'Ens. Amanda" Subject: BAML Spotlfy Cheat Sheet - UPDATE Date: March 7.2018 at 2:09:53 PM EST To: *ricahn"‹ Reply-To: "Ens, Amanda' <image001.png> Trodtng Co

lling shareholders & inability to source a locate Historical Mute Share Trading • 2017: $37.50 to $125 • 1/1/18 to 2/22/18: $90 to $132.50 (excl Tencent transaction( Some conf &skin on shore pekes as secondary market pikes ore currently '$5000/shore. Everything in prospectus reflects o 00-to-one shor

NY 10022 <https://maps.google.com/?q=575+Lexingt=n+Avenue,+4th+Floor+New+York,+NY+10022&entry=gmail&source=g> Begin forwarde= message: From: "E=s, Amanda" Date: June 14, 2018 at 9:04:20 AM =DT To: "Rich Kahn Subject:=/b> BAML Insight: NASPERS discount, XOM inflection, PCG scenarios, AMX =osted CEO,

sue is the 45% discount NAV never seems to close (chart 1). Pa=t 3 months Naspers crystallized over $12bn realizing impressive returns =3D 5,500x on Tencent and 3.7x on Flipkart. Zero impact on the discount for=2 reasons 1) limited visibility on use of proceeds and no buybacks 2) flow= have not been help

5=5 Lexington Avenue, 4th Floor New Y=rk, NY 10022 Phone 212-971-1306 Fax 646-350-0954 Cell 917.414-7584 Begin forwarded mess=ge: From: "Ens, Amanda" =ate: June 14, 2018 at 9:04:20 AM EDT To: "Rich Kahn' =ubject: BAML Insight: NASPERS discount, XOM inflection, PCG scenario=, AMX hosted CEO, REN

E editing, GDPR idea, S=G short. Reply-To: "Ens, Amanda" Holding compan= with stakes in high quality Internet properties around the world including=Tencent, Mail.ru chttp://Mail.ru> and Delivery Hero. Key issu= is the 45% discount NAV never seems to close (chart 1). Past 3 months Nasp=rs crystallized o

TE Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 tel fax cell Begin forwarded message: From: =/b>"Ens, Amanda" < Subject: =/b>BAML Spotify =heat Sheet - UPDATE Date: =/b>March 7, 2018 at 2:09:53 PM =ST To: = Reply-To: =/b>"Ens, Amanda" < Trading =ommenta

selling shareholders & inability to source a locate Historical Private Share =rading 2017: $37.50 to $125 1/1/18 to 2/22/18: $90 to =132.50 (excl Tencent transaction) Some confusion on share =rices as secondary market =rices are currently -55000/share. Everything in =rospectus reflects a 40-to-one sh

com» Subject= BAML Sootily Cheat Sheet - UPDATE </=iv> Date: March=7, 2018 at 2:09:53 PM EST To: "rkahn" mailto:a &g=; Reply-To: </r=pan>"Ens, Amanda" < <mailto > =u> Trading Commentary (Not a product of BAML Research and=should not viewed as a research report) <=span> S=otify: Stockholm-based

y to source a locate=/span> Historical Private Share Trading</riv> aspan>2017: $37.50 to $125 • * =/span>1/1/18 to 2/22=18: $90 to $132.50 (excl Tencent transaction) Some confusion on s=are prices as secondary market prices are currently -$5000=share. 4=pan>Everything in prospectus reflects a 40-to-

> 10022 <https://maps.google.comfiq=57S+Lexington+Avenue+4th+Floor+New+York,+NY+100228zentry=gmail&sourcerg> Begin forwarded message: From: "Ens, Amanda" <[email protected] <mailto:amanda.ens@bamIcom» EFTA_R1_01647199 EFTA02513876 Subject: BAML Spotify Cheat Sheet - UPDATE Date: March 7, 2018 a

g shareholders & inability to source a locate Historical Private Share Trading • 2017: $37.50 to $125 • 1/1/18 to 2/22/18: $90 to $132.50 (excl Tencent transaction) Some confusion on share prices as secondary market prices are currently —55000/share. Everything in prospectus reflects a 40-to-one sh