We recently met with Apollo's management We recently met with Apollo Co-Founder Josh Harris and CFO Martin Kelly, who were optimistic about the growth opportunities for the firm and the recurring fee outlook, although they expect meaningful upside in DE (distrib

ons. Best, Suzanne Wong I Apollo Global Management L.L.C. 730 Fi Office mailto From: Chris Weidler Sent: Thursday, March 03, 2016 5:02 PM To: Martin Kelly; Marc Rowan Cc: Suzanne Wong Subject: TRA Valuation Process Marc, Please see below for how the deferred tax asset (`DTA') and tax receivable agre

more. Add $5mm non- apollo as per rich j and you have 56-61mm. Schedule D "mock-up" to come from rj. Sent from my Verizon Wireless BlackBerry From: Martin Kelly Date: Thu, 10 Dec 2015 23:35:46 +0000 To: Brad Wechsler >; Leon Black < >; Melanie Spinella Subject: Leon tax estimates Attached lays out the m

more. Add $5mm non- apollo as per rich j and you have 56-61mm. Schedule D "mock-up" to come from rj. Sent from my Verizon Wireless BlackBerry From: Martin Kelly Date: Thu, 10 Dec 2015 23:35:46 +0000 To: Brad Wechsler >; Leon Black < >; Melanie Spinella Subject: Leon tax estimates Attached lays out the m

Dec 2015 01:37:40 +0000 Attachments: Leon's reconciliation.pdf Attachment below from martin kelly Sent from my Verizon Wireless BlackBerry From: Martin Kelly Date: Thu, 10 Dec 2015 23:35:46 +0000 To: Brad Wechsler Melanie Spinella Subject: Leon tax estimates >; Leon Black< Attached lays out the moving

38% EXECUTIVES ****** * * * Chairman of the Board: Leon Black, Chb-Ceo Chief Executive Officer: Leon Black, Chb-Ceo Chief Financial Officer: Martin Kelly, Cfo Chief Legal Officer: John Suydam, Clo Chief Administrative Officer: Robert Macgoey, Cao Director: Joshua Harris, Sr Mng Dir Marc Rowan,

31:05 PM Subject: FW: catch up I called Tom — He was checking as they had some "questions with Apollo" I mentioned to him the meeting last week of Martin Kelly with Josh re Heritage adjustment. Also spoke to him about his plane — he said they are "getting up to speed" and looking into Apollo reimbursements

To: From: Sent: Thur 1/18/2018 8:30:30 PM Subject: Reminder of Phone Date at 4:30 w/Martin Kelly (in one hour) Reminder of Phone Date at 4:30 w/Martin Kelly (in one hour) 4:30pm PHONE DATE w/Martin Kell EFTA_R1_00995779 EFTA02235392

To: Jeffrey Epsteinijeevacationegmailcomj From: Lesley Groff Sent Thur 1/18/2018 4:44:09 PM Subject Re: Martin Kelly We are confirmed for a 4:30pm call today with Martin Kelly..we will call him. On Jan 18, 2018, at 11:38 AM, jetirey E. <[email protected]> wrot

To: Jeffrey Epstein[jeevacation@gmaiicoml From: Lesley Groff Sent: Thur 1/18/2018 9:24:17 PM Subject: 4:30pm PHONE DATE w/Martin Kelly 4:30pm PHONE DATE w/Martin Kelly EFTA_R1_00996466 EFTA02235648

To: From: Subject: Alert - 4:30pm PHONE DATE w/Martin Kelly January 18, 2018 3:30 PM : 4:30pm PHONE DATE w/Martin Kelly EFTA_R1_00995648 EFTA02235346

To: From: e y . Sent Thur 1 /18/2018 4:38:45 PM Subject: Re: Martin Kelly 4-5 On Thu, Jan 18, 2018 at 11:38 AM, wrote: Martin is on the phone...I am being asked if you can set a time...either between I-2pm, 4- 5pm or af

Apollo Global Management L.L.C. 730 Fifth Avenue, New York, New York 10019 Office From: Chris Weidler Sent: Thursday, March 03, 2016 5:02 PM To: Martin Kelly; Marc Rowan Cc: Suzanne Wong Subject: TRA Valuation Process Marc, Please see below for how the deferred tax asset ('DTA') and tax receiva=le agre

avionetta summary.pdf This was vetted with E= and ID. Given that Josh has been reviewing his plane arrangements, I spec=late that he may have asked Martin Kelly to review the relatively "l=w" Apollo re-imbursement rate From: Richard Joslin Sent: Friday, September 19, 2014 1:15 PM To: 'Melanie Spinella' Cc