<table><tr><th>From:</th><th>Jeffrey Epstein &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, October 31, 2013 1:32 PM</td></tr><tr><td>To:</td><td>Tazia Smith</td></tr><tr><td>Subject:</td><td>Re: FB down despite solid earnings, ARIA down 50%, EURUSD down -1.365 (C]</td></tr></table>

yes to fb calls but lets not get called away. . no=A0

On T=u, Oct 31, 2013 at 9:25 AM, Tazia Smith

wrote:

Classification: Co=fidential

Good Morning Jeffrey -

EURUSD sold off on the FOMC announcement (or rather absence thereof ?). Thoughts on a knock-in? Indicative levels from DB FX: a 6mo 1.3650 Vanilla Euro put costs — $30k per Euro 1mm. vs the 6mo 1.3650 Euro Put with a KI at 1.3900 costs - $13k per Euro 1mm. (indicative levels only, subject to market movement)

ARIA - down 50% ('$2.30 - in pre) on reports that the co is discontinuing Iclusig marketing in the US

FB —$46.66 (down 4.5%) posted solid Q3 EPS of $0.25 vs. $0.19 cons. Stock was volatile in the aftermarket, dropping - 15% after the CFO suggested ads-per-user growth was tapped out. Shares recovered to —$49 in the pre this morning as bulls point to pricing and continued successful mobile growth as the forward earnings drivers. DB's analyst remains positive but suggests FB mgmt removed the "dr=am scenario" that he thought would continue for a couple more years. (DB = Buy, $61tgt).

Recall, you own 17.5k shares of FB. Dec calls?

Speak with you soon,
Tazia

Source: Bloomberg, Streetaccount, DB Global Markets Research 10/31/13
https://ger.gm.ci=.intranet.db.com/ger/document/pdf/0900b8c08775b75e.pdf
<https://ger.gm.cib.intranet.db.com/ger/document/pdf/0900b8c0=775b75e.pdf>

Tazia Smith
Director | Key Client Partners - US

Deutsche Bank Securities Inc

Deutsche Asset & Wealth Management
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