s heavily biased to the downside relative to this figure. slj Stephen L Jen Managing Director of Macroeconomics and Currencies BLUEGOLD BlueGold Capital Management LLP 4 Sloane Terrace, SW1X 9DQ London, UK 71 F: M: E: W: www.blueaoldcao.com Authorised and regulated by the Financial Services Authority Confid

pment Clock. Stephen L Jen and Kieran Fontaine, July 17, 2009. DISCLAIMER This email has been prepared by BlueGold Capital Management LIP. BlueGold Capital Management LLP is authorised and regulated by the FM in the UK. The distribution of this email may be restricted in certain jurisdictions and is not intended for

biased to the downside relative t= this figure. slj=/p> Stephen L Je= Managing Director of Macroeconomics and Currencies =br> <=trong> BlueGold Capital Management LLP 4 Sloane Terrace, SW1X 9DQ London, UK Authorised and regulated by the Financial Services Authority Confiden=iality Notice Copyright material and