: 29 juillet 2015 12:57:40 UTC+2 Destinataire: "A. de Rothschild" c Objet: discussion with JFL wrote: >, "TOBIANO, Cynthia" Positive reaction of Juerg Zeltner (Group Head of WM ex US)who is, in principle, ok to be a minority stake holder. 2 important points for them: 1) Structure of the call option. They

: 29 juillet 2015 12:57:40 UTC+2 Destinataire: "A. de Rothschild" c Objet: discussion with JFL wrote: >, "TOBIANO, Cynthia" Positive reaction of Juerg Zeltner (Group Head of WM ex US)who is, in principle, ok to be a minority stake holder. 2 important points for them: 1) Structure of the call option. They

Destinataire: "A. de Rothschild" < Objet: Confidential >, "TOBIANO, Cynthia" < Call with Jakob Stott — Head of Europe for UBS WM. Jakob reports to Juerg Zeltner. He hired JFdL in to UBS 3 years ago. In short: nothing new... • They are very exciting at the idea of working with us • They see it as a great

rtners USA Turkey Turkey World Economic Forum Annual Meeting EFTA_R1_02011040 EFTA02686166 Ernesto Zedillo Ponce de Leon Robert S. Zeigler Juerg Zeltner Jane Zhang Zhang Weiying Zhang Xin John Zhao Robert Zimmer Jonathan Zittrain Jaime Augusto Zobel de Ayala Fernando Zobel de Ayala Alois Zw

ire: "A. de Rothschild" >,="TOBIANO, Cynthia" < target=» Objet: Con=idential Call with Jakob Stott —=Head of Europe for UBS WM. Jakob reports to Juerg Zeltner. He hired JFdL i= to UBS 3 years ago. In short: nothing new...<=> * • They are very exciting at the ide= of working with us * • They see it as