From: jeffrey E. <jeevacation@gmail.com>
Sent: Thursday, September 18, 2014 5:09 PM
To: A. de Rothschild
Subject: Re:

yes, lye gone through all their numbers and have spo=en 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 t=at reflected the movement over the next two years. ( the term =f 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, Se= 18, 2014 at 12:38 PM, A. de Rothschild ██████████████████████████ wro=e:

I doubt...but =f it s the case better for me

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On 18 sept. 2014, at 18:17, "jeffrey E." | wrote:

Yes they can buy back up to10% of their shares at max price 35 on t=e mkt. If i sell to them it sat current mkt price 1=A0

Sent from my iPhone

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

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

On Thu, Se= 18, 2014 at 11:40 AM, A. de Rothschild <██████████████████████████

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

Sent from my iPhone

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

shares. you own= sale transfer etc.

maybe , with jardine, but doubtful, =C2 -- do you have restrictions on the

> wrote:

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

It s looks more like thst they re preparing their group fo= a merger

Sent from my iPhone

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

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

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destroy t=is communication and all copies thereof, including all attachments. cop=right -all rights reserved

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