I loldings Ltd. (now known as Scottish Re Group Limited) ("Scottish Re") (hereinafter collectively referred to as "the Issuers"). The shares of the Issuers were traded on the New York Stock Exchange throughout the period of the Wylys' scheme. 3. The apparatus of the fraud was an elaborate sham system

C Holders on a semiannual basis an update of the Net Asset Value of the Fund on a per- SVC basis. This information shall be publicly reported on the Issuers website: www.andracapital.com. Except as set forth in a TPA or this offering memorandum or otherwise required by applicable law, regulation or rule

iliates may trade for their own accounts as market maker, block positloner, dealer, specialist, arbitrageur or speculator In any of the securities of Issuers mentioned in this material. When trading for proprietary accounts, ML and its affiliates may consider the material in their trading decisions, as ap

uld be recaptured, either from the initial recipieN, such as the Issuer. or from subsequent transferees of such payments. such as the holders of the Issuers securities. THE FOREGOING RISK FACTORS DO NOT PURPORT TO BE A COMPLETE OR CONCLUSIVE DISCUSSION OF THE RISKS RELATED TO AN INVESTMENT IN THE Preferr

uld be recaptured, either from the initial recipieN, such as the Issuer. or from subsequent transferees of such payments. such as the holders of the Issuers securities. THE FOREGOING RISK FACTORS DO NOT PURPORT TO BE A COMPLETE OR CONCLUSIVE DISCUSSION OF THE RISKS RELATED TO AN INVESTMENT IN THE Preferr

ings LLC and Safeway Inc. (as successor by merger to Saturn Acquisition Merger Sub, Inc.) (collectively, the "Issuers"), certain subsidiaries of the Issuers, as guarantors and Wilmington Trust, National Association, as trustee and collateral agent 4.12' Indenture, dated May 1, 1992, between New Alberts

ings LLC and Safeway Inc. (as successor by merger to Saturn Acquisition Merger Sub, Inc.) (collectively, the "Issuers"), certain subsidiaries of the Issuers, as guarantors and Wilmington Trust, National Association, as trustee and collateral agent 4.12' Indenture, dated May 1, 1992, between New Alberts

nds, WOOcher inveStMentS are held in you UEISFinandal Welces kx. CUBS Fs) [voters:, account. The positions reported below reflect the records of the Issuers, and PBS FS Wel not giarantee the &curacy of the Information The value SUOMI Is not necessanly the wive you world peceive frcm the issuer if you so