<table><tr><th>From:</th><th>David Stern</th></tr><tr><td>Sent:</td><td>Tuesday, August 2, 2011 9:01 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>confidential</td></tr></table>

Allied Irish Bank US property portfolio: US$ 10 billion Met with Reuben family today, they are putting in a bid: US$ 1.5 billion =quity, US$ 5 billion debt financing (term sheet in place).

They will bid US$6.5bn for about US$8bn of the portfolio.

All the big houses are competitors (Blackstone, Paulson, Goldman) so =hey think their chances are not very high.

They would like a strong partner for the bid, to increase it and to bid =or the total US$10bn.

More information I can not get as its confidential.

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