<table><tr><th>From:</th><th>Barrett, Paul S &lt;paul.s.barrett@jpmorgan.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, January 24, 2013 1:24 PM</td></tr><tr><td>To:</td><td>Epstein, Jeffrey (jeevacation@gmail.com)</td></tr><tr><td>Cc:</td><td>Ens, Amanda; Weissend, Renee E</td></tr><tr><td>Subject:</td><td>To Do</td></tr></table>

Jeffrey=/o:p>

We should se=l:

Our HC= 6.50% 2016 bonds have rallied from 102 to 110. Yield is now down to 3=. We own 1.5MM face — all in profit including interest is 241K=2E

=0:p>

We =hould buy:

1.5MM of the ServiceMaster 8%2020 ytw 6.50% (ytc 7.35%)

<=span>

Let me know.</=p>

Paul

=/p>

=0D

Paul Barrett I Managing Director I Global Investment Opportunities Gr=up j J.P. Morgan Private Bank I =OA

320 Park Avenue, 14th Floor, New Y=rk, <u>NY 10022</u> I | F: (212) 310-0108 I

=0D

This email is confidential an= subject to important disclaimers and conditions including on offers for t=e purchase or sale of securities, accuracy and completeness of information= viruses, confidentiality, legal privilege, and legal entity disclaimers, =vailable at http://www.jpmorgan.com/pages/disclosures/email. =/span>