<table><tr><th>From: </th><th></th></tr><tr><td>Sent:</td><td>Monday, December 4, 2017 1:27 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

No prob - Lets speak tomorrow as you re on the us tax bill My "peers"seem to have a lot of time to waste commenting on Cynthia or Emmanuel ...

If it reassures them , whatever happens, we will always respect Edmond s written will to never sell to the cousins . Plenty of other offers .

Lets speak tom if you can . Which time suits you best ? Ariane de Rothschild

On 4 Dec 2017, at 12:56, Jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmail.com> > wrote:

1. If you like to speak. lets try to set a time. ( the U S tax bill is taking up my day )/ I always have time for you. 2 . You deserve, my truly held views. They often sound tough. I m sorry, . however I am incapable of telling people only what they want to hear. . I am firmly on your team. and that is unshakable. I m not sure how you get feedback in finance re your thoughts. In a high level meeting last week, a group of your peers referred to cynthia as" her housekeeper. " and were laughing that emanuele coudl be called the footman ,but footman have more dignity and poise. The speculation was that if something happened to you benj would have to sell out to the cousins. . horrible to hear

2. As you are aware I am a great believer in women and their power in the marketplace. I think it would be a shame for alice to return to europe. she has yet to expereince all of america. and the education in europe is s0000 old it is meaningless in tomoorrws biz world. There will be china , america. europe. Like biotech or robots or Al. . alice is at the edge of a great revolution.

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