<table><tr><th>From:</th><th>A. de Rothschild-2</th></tr><tr><td>Sent:</td><td>Tuesday, July 28, 2015 11:44 AM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

From what i hear they paid 1,050 bin in 2009. 700mi1 direct+300 depending on earn out. They just sold their insurance business So we would think around 700 to 750 mil but

Ariane de Rothschild

Le 28 juil. 2015 a 13:07, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmail.com» a Sit :

hamad thought his book value was around 1.2 b . I have no idea of yours do you?

please note

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE

Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved