1260.000 29,579.76 30,114.00 (534.24) P DIAGEO PLC SPONS ADR NEW 252430-20-5 DEO 119.30 80.000 9,544.00 9,456.78 8722 229.76 2.41 % P GDF SUEZ SPONS ADR 361606-10-5 GDFZ P GLAXOSMITHKLINE PLC SPONS ADR 37733W-10-5 GSK 20.51 720.000 14,767.20 14,960.95 (193.75) 1,517.76 10.28% 45.6

260.000 28,308.42 30,114.00 (1,805.58) DIAGEO PLC SPONS ADR NEW 252430-20.5 DEO 11911 40.000 4,788.40 4,728.39 60.01 11400 40.58 2.38% GDF SUEZ SPONS ADR 361606.105 GOFZ Y 18.93 720.000 13,629.60 14,960.95 (1,331.35) 1,517.76 11.14% GLAXOSIITHKUNE PLC SPONS ADR 37733W-10-5 GSK 44

.000 29,083.32 30,114.00 (1,030.68) DIAGEO PLC SPONS ADR NEW 25243Q-20-5 DEO 125.84 40.000 5,033.60 4,728.39 305.21 114.00 40.58 2.26% GDF SUEZ SPONS ADR 361808.105 G0FZ Y 19.29 720.000 13,886.64 14,960.95 (1,074.31) 1,51718 10.93% GLAXOSMITHKUNE PLC SPONS ADR 37733W-10-5 GSK 46.

47.34) DEUTSCHE POST AG 23.78 1,980.000 47,038.88 48,372.75 666.11 SPONS ADR DPSG Y P DIAGEO P L C 122.20 0.00 2.31% SPONS ADR NEW DEO GDF SUEZ 21.49 1 100 000 23,639.00 22,910.32 728.68 1,457.50 6.17% SPONS ADR 671.32 GDF2 Y GLAXOSMTFIKUNE PLC 51 64 895 000 46,217.80 42,083.88

47.34) DEUTSCHE POST AG 23.78 1,980.000 47,038.88 48,372.75 666.11 SPONS ADR DPSG Y P DIAGEO P L C 122.20 0.00 2.31% SPONS ADR NEW DEO GDF SUEZ 21.49 1 100 000 23,639.00 22,910.32 728.68 1,457.50 6.17% SPONS ADR 671.32 GDF2 Y GLAXOSMTFIKUNE PLC 51 64 895 000 46,217.80 42,083.88

486.47 629.50 6.02% DEUTSCHE POST AG SPONS ADR 25157Y-20-2 DPSG Y 25.35 1,980.000 50,193.00 46,372.75 3,820.25 1,758.28 1,283.85 3.50% GDF SUEZ SPONS ADR 361608.105 GOFZ Y 20.41 1,100.000 22,453.20 22,910.32 (457.12) 1,448.70 6.45% GLAXOSMTHKLINE PLC SPONS ADR 37733W-10-5 GSK 51.

8 9,975.21 486.47 629.50 6.02% DEUTSCHE POST AG SPONS ADR DPSG Y 25.35 1,980.000 50,193.00 48,372.75 3,820.25 1,758.26 1,283.85 3.50% GDF SUEZ SPONS ADR GDFZ Y 20.41 1,100.000 22,453.20 22,910.32 (457.12) 1,448.70 6.45% GLAXOSPARNKLINE PLC SPONS ADR GSK 51.77 895.000 46,334.15

ING PFD 204409-60-1 CIG NA /P-2 DEUTSCHE POST AG 24.82 1,980.000 49,145.58 46,372.75 2,772.83 1,756.28 3.57% SPONS ADR 25157Y-20-2 DPSG Y GDF SUEZ 19.56 1,100.000 21,511.60 22,910.32 (1,398.72) 1,448.70 6.73% SPONS ADR 361608.105 GOFZ Y GLAXOSMTHKLINE PLC 49.97 895.000 44,723.15 42

ING PFO 204409-60-1 CIG NA /P-2 DEUTSCHE POST AG 24.82 1,980.000 49,145.58 48,372.75 2.772.83 1,756.26 3.57% SPONS ADR 25157Y-20-2 DPSG Y GDF SUEZ 19.58 1,100.000 21,511.80 22,910.32 (1,396.72) 1648.70 8.73% SPONS ADR 361130B-104 GDFZ Y GLAXOSMITHKLINE PLC 49.97 895.000 44,72315 42

Equity DEUTSCHE POST AG SPONS ADR DPSG Y 27.98 2,015.000 56,375.67 47,293.82 9,081.85 1,787.30 1,731 85 3.17% 6.29% 4.65% 4.05% 5.04% GDF SUEZ SPONS ADR GDFZ Y 20.94 1,315.000 27,536.10 27,241.29 294.81 GLAXOSMITHKUNE PLC SPONS ADR GSK 50.96 56.75 66.89 1,015.000 51,724.40 48

Cost Accrued Div. EAFE Equity DEUTSCHE POST AG 27.98 2,015.000 56,375.67 47,293.82 9,081.85 1,787.30 3.17% SPONS ADR 25157Y-20-2 DPSG Y GDF SUEZ 20.94 1,315.000 27,536.10 27,241.29 294.81 1,731.85 6.29% SPONS ADR 36160B-10-5 GDFZ Y GL/UCOSMITHKLINE PLC 50.96 1,015.000 51,724.40 4

NS ADR 721.68 110448-10-7 BT1 DEUTSCHE POST AG 28.83 2,015.000 58,082.38 47,293.82 10,788.56 1,787.30 3.08% SPONS ADR 25157Y-20-2 DPSG V GDF SUEZ 21.63 1,980.000 42,817.50 42,100.10 717.40 2,665.08 6.22% SPONS ADR 361608.10-5 GDFZ V GLAXOSMTHKL1NE PLC 50.89 1.015 000 51.653.35 48,

SPONS ADR 251566-10-5 DTEG 't DEUTSCHE POST AG 33.21 2,015.000 66,908.08 47,293.82 19,614 26 1,787.30 2.67% SPONS ADR 25157Y-20-2 DPSG Y GDF SUEZ 25.14 1.980 000 49.771 26 42,100.10 7.671.16 2.665.08 5.35% SPONS ADR 36160B-10-5 GDFZ Y GLAXOSMIHKIJNE PLC 50.17 1,015 000 50,922 55 4

90 58,928.15 8.836.75 3.825.92 5.65% SPONS ADR DEUTSCHE POST AG 35.48 2.015.000 71,492.20 47.293.82 24,198.38 1,787.30 2.50% SPONS ADR GDF SUEZ 23.24 1,980.000 46,015.20 42,100.10 3.915.10 2,665.08 5.79% 1,651.24 52.92 1,015.000 53,713.80 48,412.36 5,301.44 2,445.13 4.55% 582.

SPONS ADR 251566-10-5 DTEG Y DEUTSCHE POST AG 38.70 2,015.000 73,950.50 47,293.82 26,856.68 1,787.30 2.42% SPONS ADR 25157Y-20-2 DPSG Y GDF SUEZ 23.67 1 980 000 46,886.60 42,100.10 4,766.50 2,684.88 5.73% SPONS ADR 38160B-10-5 GDFZ Y GLAXOSMTHICIJNE PLC 53.39 1.015 000 54,190.85

SPONS ADR 251566-10-5 DTEG Y DEUTSCHE POST AG 34.55 1,360.000 46,988.00 31,554.75 15,433.25 1,206.32 2.57% SPONS ADR 25157Y-20-2 DPSG Y GDF SUEZ 22.19 1,980.000 43,938.20 42,100.10 1,838.10 2,684.88 8.11% SPONS ADR 36160E1-10-5 GDFZ Y GLAXOSMITHKLINE PLC 51.54 1615.000 52,313.10

SEDOL BIVNSX3 G2904K-92-9 GBP ERICSSON LM-B SHS 10.27 793.000 8,143.85 10,052.84 (1,909.19) MIN SE0000108656 SEDOL 5959378 VV26049-91-1 SEK GDF SUEZ 27.42 289 000 7,923.49 9,914.97 (1,991.46) ISIN FR0010208488 SEDOL BOC2CQ3 36827E-91-4 EUR 2.000 JAPAN TOBACCO INC 4.704.96 9,409.93 8,93

0 SEDOL 7171589 H36980-934 CHF ERICSSON LM•B SHS 9.29 793 000 7,365.88 10,052.84 (2,686.96) ISIN SE0000108656 SEDOL 5959378 W26049-91.1 SEK GDF SUEZ 27.16 289 000 7,850.05 9,914.97 (2,064.92) MIN FR0010208488 SEDOL BOC2CO3 36827E-91-4 EUR JP Morgan Page 7 of 50 Confidential Treatment Req

SEDOL 7171589 H36980-93-0 CHF ERICSSON LM-B SHS 10 11 793.000 8,013.57 10,052.84 (2.039.27) ISIN SE0000108656 SEDOL 5959378 W26049.91.1 SO< GDF SUEZ 26 05 289 000 7,527.01 9,914.97 (2.387 96) ISIN FR0010208488 SEDOL BOC2CO3 36827E-91-4 EUR JFE HOLDINGS INC 21.63 200.000 4,326.66 5,219.

1,280.000 29,579.78 30,114.00 (534.24) P DIAGEO PLC SPONS ADR NEW 252430-20-5 DEO 119.30 80.000 9,544.00 9.456.78 87.22 229.76 2.41% P GDF SUEZ SPONS ADR 361608-10-5 GDFZ P GLAXOSPAITHKLINE PLC SPONS ADR 37733W-10-5 GSK 20.51 45.61 720.000 330.000 14,767 20 15.051 30 14,960.95 1s.o