calculated on a calendar year basis. Your account's standing instructions use a FIRST IN, FIRST OUT method for relieving assets from your position J. P. M organ Account Page 9 of 12 Consolidated Statement Page 12 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0029220 CONFIDENTIAL SDNY_G

urftles Purchased 8/1 Pumhase JPM HIGH YIELD ED - SEL FUND 3580 REINVESTED la 1,552.408 8.13 (12,621.08) 811 8.13 PER SHARE (ID: 481=0-80-3) J. P. M organ Account Page 11 of 12 Consolidated Statement Page 14 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0029222 CONFIDENTIAL SDNY_

ur behalf. Interest will be charged on any debit balance; the method of calculating interest is described in a letter sent to all margin customers. J. P. M organ Disclosures Page 3 of 4 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0029228 CONFIDENTIAL SDNY_GM_00175412 EFTA01344099

rs until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. J. P. M organ Account Page 6 of 12 Consolidated Statement Page 9 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0029217 CONFIDENTIAL SDNY_GM

Eye on the Market I March 10.2011 J. P. M organ Please join us next Tuesday, March 15, at 11:00 am EST for a conference call on the "Ides of March" topics discussed last week (see box). Val

65 60 55 50 45 40 35 - 30 Dec-08 Dec-09 Dec-10 Jan-08 —Japan —US — Europe —China — Brazil Dec-11 Source: Bloomberg As of: 1/9/12 J. P. M org,an EFTA_R1_02049743 EFTA02696365 Macro Markets Are Pricing In A Lot Of Bad News TOP OPPORTUNISTIC INVESTMENT THEMES FOR 1O 2012 Source: Fa