- November target close You seem surprised . .. From: Matt Glassman Sent: Thursday, November 02, 2017 5:14 PM To: Stewart Oldfield Subject: RE: KCP Structured Finance - Senior/ Junior Financing of German Real Estate in Stuttgart - Up to EUR 75 Mio Senior at 13%] / 45 Mio. Junior at 19%) / Notes 4NC3 - November target close Trying to get approvals to send this o

i ; Yael Rabinowitz >; ; Shivani >; Alastair >; Bobby Abraham KCP-Americas < >; Matt Glassman >; Xavier Avila < Jaerg Oestreich • Subject: KCP Structured Finance - Senior/ Junior Financing of German Real Estate in Stuttgart - Up to EUR 75 Mio Senior at (3%J / 45 Mio. Junior at [9%) / Notes 4NC3 - November target close - Internal Only — Dear all, Please

vals to send this out in the US. What. A. Process. From: Stewart Oldfield Sent: Thursday, November 02 2017 1:54 PM To: Matt Glassman Subject: FW: KCP Structured Finance - Senior/ Junior Financing of German Real Estate in Stuttgart - Up to EUR 75 Mio Senior at 13%] / 45 Mio. Junior at 19%) / Notes 4NC3 - November target close Lauren Pressman Brooks Blak Gene Lyn

s < Martin Zeman ; Mathew N ; Matt Glassman Oliver Rothauser ; Xavier Avila C , Joerg Oestreich Cc: Andreas Stamm Clement Jacquesson Subject: KCP Structured Finance - Senior/ Junior Financing of German Real Estate in Stuttgart - Up to EUR 75 Mio Senior at 13%] / 45 Mio. Junior at 19%] / Notes 4NC3 - November target close - Internal Only — Dear all, Please