From: A. de Rothschild
Sent: Thursday, September 18, 2014 5:57 PM
To: jeffrey E.
Subject: Re:

84 i need them to give in on the brands . Yves spoke to Kathy . He was fuming against Pillsbury and wants to stop using them

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On 18 sept. 2014, at 19:09, "jeffrey E." <jeevacation@gmail.com <mailto:jeevacation@gmail.com> > wrote:

yes, lye gone through all their numbers and have spoken to friends. i see no problem for you, and in fact if i were to sell them your stock i woudl make it at a price that reflected the movement over the next two years. ( the term of the new directors. ) so see the 5.3 million shares at the hightest 5 day average over the next two years. 17 50 now. plus balance .

On Thu, Sep 18, 2014 at 12:38 PM, A. de Rothschild > > wrote:

I doubt...but if it s the case better for me

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On 18 Sept. 2014, at 18:17, "jeffrey E." <jeevacation@gmail.com <mailtojeevacation@gmail.com» wrote:

so they are raising debt in an attempt to get their stock price up. its a good move

<u>On</u> Thu, Sep 18, 2014 at 12:00 PM, A. de Rothschild
<mailto > wrote:

Yes they can buy back up to10% of their shares at max price 35 on the mkt. If i sell to them it sat current mkt price 17.40

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On 18 sept. 2014, at 17:49, "jeffrey E." <jeevacation@gmail.com <mailto:jeevacation@gmail.com> > wrote:

but they have asked for for permission to buy in common shares. up to 35 e , each; so do i understnd correctly that you could sell your 5 imllion shares to anyone?

On Thu, Sep 18, 2014 at 11:40 AM, A. de Rothschild

<mailto: > wrote:

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:

you own. sale transfer etc.

maybe , with jardine, but doubtful, -- do you have restrictions on the shares.

On Thu, Sep 18, 2014 at 10:49 AM, A. de Rothschild

<mailto: > 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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<mailto:jeevacation@gmail.com>, and

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<mailto:jeevacation@gmail.com>, and

destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

please note

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<mailto:jeevacation@gmail.com>, and

destroy this communication and all copies thereof,

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please note

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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

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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

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