From: jeffrey E. <jeevacation@gmail.com>
Sent: Friday, July 24, 2015 11:16 AM
To: A. de Rothschild
Subject: Re: Ubs

You will be going back from pba more than once

On=Friday, July 24, 2015, A. de Rothschild ████████████████████████████████████ wrote:

Ok i will. I will ask to meet Ermotti

Ariane de R=thschild

I think it ve=y worth exploring in detail. they sell at the highest mu=tiple of book, .

On Fri, Jul 24, 2015 at 4:43 AM, A. de Rothschild wrote=



UBS would be interested to buy my whole swiss entity as well - maybe i shou=d sell and we all go on eternal holidays e

Discussions on the french side/ structure + synergies moving fast and const=uctive. This is my counterproposition : 20% ownership of our french =olding(BP+AM+PE) for them , merge the Private banks at EDR and use it unde= this brand , M&A/ corporate finance with them , credits capabilities =ith them + depos .

Seeing the french ceo tursaday mrng

Ariane de Rothschild

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