<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:
To:</td><td>Thursday, September 18, 2014 3:49 PM
A. de Rothschild</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

but they have asked for for permission to buy in common =AO shares. up to 35 e , each; so do i understnd correctl= that you could sell your 5 imllion shares to anyone?

On Thu, Sep 18, 2014 at 11:=0 AM, A. wrote:

No not jardine- they hate each = I have no restrictions. I re-read their motions : 70 mio =apital+ 300mio additionnal debt - Very heavy on their bala=ce sheet. No clarity,no description of fund use and asking=for entire powers to be given to mgt .

Sent from m= iPhone

On 18 sept. 2014, at 17:26, "jeffrey E." &=t;jeevacation@g=ail.com <mailto:jeevacation@gmail.com> > wrote:

maybe , with jardine, but doubtful, -- do=you have restrictions on the shares. you own. sale transfer et=.

On Thu, Sep 18, 2014 at 10:49 AM, A. de Rothschild
target="_blank wrote:

It=s looks more like thst they re preparing their group for a merger Sent from my iPhone

On 18 sept. 2014, at 14:02, "j=ffrey E." <jeevacation@gmail.com <mailto:jeevacation@gmail.com> > wrote:

I dont think they are going to sell. i think the= are buying back, shares and issuing new ones. i s=e no real problem for you, none

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please note The information contained in this communication is confidential, =ay be attorney-client privileged, may constitute inside information, an= is intended only for the use of the addressee. It is the property ollEE Unauthorized use, disclosure or copying of this communication o= any part thereof is strictly prohibited and may be unlawful. If you ha=e received this communication in error, please notify us immediately by=br>return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communicat=on and all copies thereof, including all attachments. copyright -all ri=hts reserved

please note

The information contained in this communication is confidential, =ay be attorney-client privileged, may constitute inside information, an= is intended only for the use of the addressee. It is the property of.IEE Unauthorized use, disclosure or copying of this communication o= any part thereof is strictly prohibited and may be unlawful. If you ha=e received this communication in error, please notify us immediately by=br>return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communicat=on and all copies thereof, including all attachments. copyright -all ri=hts reserved