Epstein Secrets

7/25/2018 9:02:28 AM Paul Barrett Martin Zeman ; Stewart 0ldfield Trade Details --> 7/25/18 / Naspers [CI Classification: Confidential Paul, Richard Kahn : Davide-A Sferrazza In SFLLC: You sold 2,000 shares of Naspers OWN S.I) at 3335.0004 ZAR. Thank you, Liam Liam O'Sullivan AVP I Key Client Pa

[CI Classification: Confidential Paul, Richard Kahn : Davide-A Sferrazza In SFLLC: You sold 2,000

Trade Details --> 7/25/18 / Naspers [CI Classification: Confidential Paul, Richard Kahn : Davide-A Sferrazza In SFLLC: You sold 2,000 shares of Naspers OWN S.I) at 3335.0004 ZAR. Thank you, Liam Liam O'Sullivan AVP I Key Client Partners - US DB Securities Inc Deutsche Bank Wealth Management 34

From: Paul Barrett < Sent: Tuesday, July 24, 2018 3:40 PM To: Jeffrey E. Cc: Richard Kahn Subject: Trade Ideas Jeffrey 1. We own $2.5MM of Tencent. The stock is down 20% from the highs in lan=ary. A lot of that has to do with its wei

y 24, 2018 3:40 PM To: Jeffrey E. Cc: Richard Kahn Subject: Trade Ideas Jeffrey 1. We own $2.5M

stock is down 20% from the highs in lan=ary. A lot of that has to do with its weight in the Chinese and EM ETFs. • I think we should add $2MM. • Naspers has now caught up and outperformed Tencent =ince I bought Naspers. Let's also switch Naspers back into Tencent.<=:p> a. Downward revisions to thei

From: jeffrey E. <[email protected]> Sent: Thursday, June 14, 2018 1:29 PM To: Richard Kahn; Paul Barrett Subject: Re: BAML Insight: NASPERS discount, XOM inflection, PCG scenarios, AMX hosted CEO, RENAULT spec-sit, ACC upgrade, GENE edit

t: Thursday, June 14, 2018 1:29 PM To: Richard Kahn; Paul Barrett Subject: Re: BAML Insight: NASPER

imited visibility on use of proceeds and no buybacks 2) flow= have not been helpful as South African investors materially reduced their=ownership in Naspers. Why Buy now? 3 upcoming catalysts. 1) We think the c=mpany will change mgmt. incentive compensation at AGM August 2018 similar =o the strategy Alta