4 inches Location: New York, New York William Turner Goldau, 1843 Watercolor with scraping out 12 x 18 1/2 inches Location: New York, New York Raffaello Sanzio (called Raphael) head of Muse, black chalk over pounce marks, 12 x 8 3/4 inches (urbino 1483-1520 Rome) Location: New York, New York EFTA_R1_0001

Noel Caleb LLC 760 Park Avenue New York, NY 10021 25 June 2010 Dear Sirs Re: Handcarry of the Raffaello Sanzio, called Raphael (Urbino 1483-1520 Rome); Head of a muse bought by you on 8 December 2009 in Sale 7782 (the "Drawing") You hereby confirm that you a