<table><tr><th>From:</th><th>A. de Rothschild</th></tr><tr><td>Sent:</td><td>Thursday, September 18, 2014 3:41 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

No not jardine- they hate each . I have no restrictions. I re-read their motions : 70 mio capital+ 300mio additionnal debt - Very heavy on their balance sheet. No clarity,no description of fund use and asking for entire powers to be given to mgt .

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On 18 sept. 2014, at 17:26, "jeffrey E." <jeevacation@gmail.com <mailto:jeevacation@gmail.com> > wrote:

maybe , with jardine, but doubtful, -- do you have restrictions on the shares. you own. sale transfer etc.

On Thu, Sep 18, 2014 at 10:49 AM, A. de Rothschil > wrote:

Its looks more like thst they re preparing their group for a merger

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On 18 sept. 2014, at 14:02, "jeffrey E." <jeevacation@gmail.com <mailto:jeevacation@gmail.com> > wrote:

I dont think they are going to sell. i think they are buying back, shares and issuing new ones. i see no real problem for you, none

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