<table><tr><th>From: </th><th></th></tr><tr><td>Sent:</td><td>Monday, March 7, 2016 11:21 PM</td></tr><tr><td>To:</td><td>jeevacation@gmail.com</td></tr><tr><td>Subject:</td><td>Fwd: TR: TR: Update</td></tr></table>

Fyi

Ariane de Rothschild

Begin forwarded message:

From: "TOBIANO, Cynthia"
Date: 7 March 2016 at 23:51:18 GMT+1
To: "A. de Rothschild"

Subject: TR: TR: Update

De :<=span> Francesco Goedhuis [mailto:
Envoyé : lundi 7 mars 2016 11:51
À : TOBIANO, Cynthia
Objet : Re: TR: Update

Spoke to him today for an exco meeting -- think all =he materials should be ready !

Sent from my iPhone

On 7 Mar 2016, at 22:46, TOBIANO, Cynthia <
wrote:

FYI<=p>

De :<=span> TOBIANO Cynthia [mailto
Envoye : lundi 7 mars 2016 11:46
A : TOBIANO, Cynthia
Objet : TR: Update

<=span>

<=span>

De :aspan> TOBIANO Cynthia
Envoye : lundi 7 mars 2016 23:45
A : 'Jeffery, Reuben'
Objet : Update

Dear Reuben</=>

I was wondering when we coul= expect to have your 2015 financials to further analyse the opportunity on=our side. It would also be interested to get your views on valuation metho=ologies and expectations.

Please do let me know if you=have some availabilities in the coming days to discuss.<=p>

Kind regards

Cynthia Tobiano<=o:p>

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