<table><tr><th>From:</th><th>Richard Kahn &lt;</th></tr><tr><td>Sent:</td><td>Thursday, December 10, 2015 1:42 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>APO</td></tr></table>

http://www.moneyflowindex.org/apollo-global-management-apo-is-initiated-by-jefferies-to-hold-price-target-at-19/3205906/

Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
tel 212-971-1306
fax 646-350.0954
cell 917-414-7584