EFTA00200731

Statements EFTA00200731 CLEARED THRCOGH nS meekly 0He.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stowe& SOC‘ritiet 000. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Nage York 10179 Ore Monica+ Center North Beccidon. New Yelt 112014559 STEARNS JEFFREY EPSTEIN STATEMENT PERIOD NOveniter 29.2003 ACCOUNT EXECUTIVE GCHERMAN.IRA TELEPHONE THROUGH December 31.2003 VISIT OUR WEBSITE 67A\ uearstearns.com ACCOUNT NUMBER What's In This Statement 11111111111111111 11 TAXPAYER IMMER On File LAST STATEMENT Novernter 28. 2003 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 3 CIO FINANCIAL TRUST COMPANY Transaction Detail 5 ATTN JEANNE BRENAN Your Messages 6 6100 RED HOOK (WATER B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message 11 any information regarding TOTAL VALUE OF SECURITIES THIS PERIOD' 4,004,413 Cash & Equvalent 4g $69.695 $55.575 2003interest. dividends. miscellaneous income. NET CREDIT BALANCE 69,695 III$3ttti6OOJ4i4713 gross proceeds or original Equities — issue discount is required to be reported to the IRS for NET EQUITY THIS PERIOD $4,074,108 this account, a Current market yak* Consolidated Form 1099 NET EQUITY LAST STATEMENT 3,902,362 EN Last statements market Sue will be mailed to you by February 2,2004 or a 1042S CHANGE SINCE LAST STATEMENT 171,746 by March 15,2004. 'MS pOOtOliO oidudOS CM or mm unpaid MOMS°. rat No not MiOned r. Me Taal Vale of Stowe., ara he Nee Cave/ THs Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. P1050 loped oaf cliteronoo a contacted of &Ca or MOCKS. old1C0100 as &Orate to 'to. Ate/. tin mowNITY N ter miOrmatnel Wiens Grey A H not derided as a ta. loon e to Clem Sanion at 800611142e: a swim to Clam SONIC.. M Bow. Steam &comas The staternere should be retailed for your records See mem We for modem stomata, Cap.. Doe lActolece Cooke North. BrooNyn NY II2014059 027 01,0104:12:54 001 VS is EFTA00200732 CLEARED 1HROUGH RS YrisekLY 0"E0 S0BSIDIARY 848r. SZeirns SON, t44 COO. Ceol.letioloch Contot North Broeklln• New Ye* 11201.3859 JEFFREY EPSTEIN 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 01,01,00:12:54 001 Y818 EFTA00200733 CLEARED THROUGH ITS niCkLY O‘P.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. Saea•ns SOC,nbtl GOO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 OtoLlebelech Center North Becck/on. New Ye* I1201.38S9 STEARNS JEFFREY EPSTEIN 3 ci STATEMENT PERK* November 29.2003 THROUGH December 31.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AVAMER On Foe DC PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT November 28.2003 Opening Balance $55.574.84 Dividends 14,094.36 96,064.38 Other Dividends 0.00 3,162.50 Dividends Interest 14.119.80 Muni Bond Int. 0.00 9,162.43 Amount Credited $14.119.80 Credit Balance Int. 25.44 548.95 Total $14,119.80 $108,938.26 Net Cash Activity 14.119.80 ClosingBatance $69,694.64 Portfolio Composition CashiCash Equivalent 69.695 Cash Balance Summary Equities 4.004.413 OPENING CLOSING Cash 55,574.84 69,694.64 Total $4.074,108 Your Portfolio Net Cash Balance $55.574.84 $69,694.64 Allocation Cash 8 Equrisa!eni IPv Your Portfolio Holdings CASH 8 CASH EQUIVALENTS MARRS ESTIMATED CARMEN! DESORPTION SOABOL'OUSIP OUANTITY PRICE VALUE uuvu.v. INCOME VELD ri.) CASH BALANCE 69.695 TOTAL CASH & CASH EQUIVALENTS $69,695 — Equities 99% UnsPadatl options deo* debt Ammo, 'not, Pal meet vacs. Tie alpabs percernar is clewed Item to absolute marital Vale 01 ITS polio" 027 01/01.134:12:54 001 Y818 EFTA00200734 CLEARED THROUGH ITS WNW? 0\11,.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Steams Seefeber Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 OtoLletsolech Corder North Brock//n. New Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 4 c, STATEMENT PERK* November 29.2003 THROUGH December 31.2003 Your Portfolio Holdings (continued) ACCOUNT NUMBER EQUITIES TAXPAYER WEISER De File LAST STATEMENT November 28.2003 Equities & Options Abel MARKET ESTIMATED DiFIRSVT DESORPTION S1MBOUWSIP TFE OuANTITY PRCE YALU( MIMS WORE TEO) 1%) CANHORN CHEMICAL CORP CNCPF CASH 19 Unedited FELCOR LODGING TRUST INC FCH CASH 2.000 11.0800 22.160 GLENBOROUGH REALTY TRUST INC GI B CASH 2.000 19.9500 39.900 2.800 7.0175 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 22.3800 44.760 3.846 8.5925 HRPT PROPERTIES TR-SBI HRP CASH 10.000 10.0900 100.900 8.000 7.9286 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 41.2800 82.560 5.760 6.9767 S8I JOHNSON& JOHNSON JNJ CASH 57.800 51.6600 2.985.948 55.488 1.8583 KRAMONT REALTY TRUST KRT CASH 2.000 18.1000 36.200 2.600 7.1823 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 47.6500 20.775 889 4.2792 INC PENNSYLVANIA REAL ESTATE PEI CASH 1.794 36.3000 65,122 3.875 5.9504 INVESTMENT TRUST-SBI RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 28.3000 339.600 20.160 5.9364 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 3.1600 3.160 TOO INC TOO CASH 15.600 16.8800 263,328 Total Equities& Options $4.004.413 $103,418 TOTAL EQUITIES $4.004.413 $103,418 027 01,0104:12:54 001 Y818 EFTA00200735 CLEARED THRWGH ITS niCkLY OWAEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeon Seontel Corp. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Mevolech Center North Beccidon. New Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 5 c/ STATEMENT PERIOD Noventter 29.2003 THROUGH December 31.2003 ACCOUNT NUMBER TAXPAYER MASSER Cn File LAST STATEMENT November 28.2003 Your Portfolio Holdings (continued) YOUR TOTAL ESTIMATED ANNUAL INCOME $103.418 YOUR PRICED PORTFOLIOHOLDINGS $4.074.108 Transaction Detail DIVIDENDS DA'E DESCRIPTION SYMBOLACVSIP ITAJANTiTe RATE IS) DEETT AMOUNT MOO AMOUNT 12i09/03 JOHNSON& JOHNSON JNJ 57.800 0.2400 13.872.00 REC 11/18/03 PAY 12/09/03 12/15/03 PAN PACIFIC RETAIL PROPERTIES PNP 436 0.5100 222.36 INC REC 1U28/03 PAY 12/5.03 TOTAL $14.094.36 INTEREST DATE OESCRETION STAA8CtIOUSIP CANNTITY RATE 154 ceevr AMOUNT CREDIT AMOUNT 12/22/03 INTE EDIT BALANCE 25.44 Amiss AT 00. 1,21 - 12120 TOTAL $25.44 027 01,0104:125: 001 Y818 EFTA00200736 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N,14,1 Dap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 CcoMetsclech Cantm North Beccidon. New Ye* 11201.3559 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD November 29.2003 THROUGH December 31.2003 ACCCUNT NUMBER TAXPAYER KAMER OTI Foe Your messages LAST STATEMENT November 28.2003 Florida residents who own, manage, or control stocks, bonds, money market or As part of the National Association of Securities Dealers (NASD) Investor mutual funds having a value of $20,000 or more for individuals or $40,000 Education Program, you may obtain information on the NASD's Public for married couples filing jointly must pay a tax on these items, called Disclosure Program by contacting the NASD at telephone number (800) "Intangible Tax', by June 30 to avoid increased penalties. For Tax Returns and 289.9999 or via the intemet address which is www,nasdr,com, In addition, a information, call the Department of Revenue at 1.800.352.3671, brochure explaining the Public Disclosure Program is available from the NASD upon request. Bar Excess SIPC Account Protection Update Bear, Steams Securities Corp. ('BSSC'), a member of the Securities Investor Protection Corporation (SIPC"), provides account protection for the net equity of a customer's funds and securities positions, SIPC provides $500,000 of primary net equity protection, including $100,000 for claims for cash ("SIPC Coverage"). Visit vnvw,sipc,org for more information about SIPC Coverage. BSSC provides the additional protection ("Excess SIPC") through a commercial insurer, Effective February 16, 2004, the commercial insurer for Excess SIPC will change to Customer Asset Protection Company ("CAPCO"), a licensed New York insurance company. Account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to its securities customers, but does not apply to losses from the rise or fall in the market value of investments or to SIPC ineligible assets such as options, futures, foreign exchange transactions, or any investment contracts that are not registered as securities. End of Statement 027 01,01,04:12:54 001 YSIS EFTA00200737 CLEARED THROWN ITS YiHMV OME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZ8trn5 Sec , t4,1 Cal‘ Bear. Stearns & 00. Inc. BEAR 383 Madison Avenue New York. New York 10179 Ore Mos oI cc h Comm North Becck/on. New Yuk 112014859 STEARNS JEFFREY EPSTEIN STATEMENT PER100 Noventer 1.2003 ACCOUNT EXECUTIVE LICHERMAN.IRA TELEPHONE THROWN Noventer 28.2003 VISIT OUR WEBSITE IA1 uearstearns.com ACCOUNT NUMBER What's In This Statement 1111,111111111111 II TAXPAYER NUMBER On Fee LAST STATEMENT °MOW 31.2003 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 4 CrO FINANCIAL TRUST COMPANY Transaction Detail 5 ATTN JEANNE BRENAN 6100 RED HOOK WATER B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD' 3.846,787 Cash & Eqwealent 4g $55.576 851.021 NET CREDIT BALANCE 55,575 EquWes $3.846.787 33.840.881 NET EQUITY THIS PERIOD $3,902,362 Current market vote NET EQUITY LAST STATEMENT 3,891,902 isig Last statements market value CHANGE SINCE LAST STATEMENT 10,460 Mt portfolio ouluclas cm or mm unpoco0 000urbos tat are not related ., ft Taal Yaks. of Socwbeo and the Oki &SHY Tlie Paka There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Ploza ropai oaf Ortoronoo a nantactig ol teas or stocks. calcolal as doltroral to you. g ir TNE anTMTY for ON088008Mwoeses My. I Is cm Mended as a tat dcanws lo Cleni Sone*. 01 800834.1428: a yet lo Clem Santos a Boat &oar@ &curries Tres statement errata ta retained for your records. See rearm sea for resonate nfamarse Cap.. One Mflolali Coolly Horth. Ormobri, NY lizobsess 027 114903:08:43 001 V8Is EFTA00200738 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns Seca0k1 COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.3859 JEFFREY EPSTEIN 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11,2803:08:43 001 Y818 EFTA00200739 CLEARED TNROOOH nS vnMOUv O"EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns S0C,nkti Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cc* Mem:leen Centec North Beccidon. New Ire* 11201.3859 STEARNS JEFFREY EPSTEIN 3 STATEMENT PERI0D Novemter 1.2003 THROUGH Noventer 28.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File RC PERIOD YEAR TO DATE This PERICO LAST STATEMENT COMO& 31.2003 Opening Balance $51.020.75 Dividends 4,515.00 81,970.02 Other Dividends 0.00 3,162.50 Dividends/Interest 4,537.19 Muni Bond Int. 0.00 9,162.43 Miscellaneous 16.90 Credit Balance Int. 22.19 523.51 Amount Credited $4,554.09 Total $4,537.19 $94,818.46 Net Cash Activity 4,554.09 Closing Balance $55.574.84 Portfolio Composition Cash/Cash Equivalent 55.575 Equities 3.846.787 Cash Balance Summary CLOSING Total $3.902.362 Cash 51.020.75 55,574.84 Your Portfolio Allocation Net Cash Balance 551.020.75 $55,574.84 Cash 8 Equica'e- t 1% — Equities 99% Un*oded demons den* debt Wane" anew OM Rance yews. The Omar, percernar clrked kern to ',wove /whet value of evc. palkno 027 11t29O3:O8:43 001 Y818 EFTA00200740 CLEARED THROUGH ITS vrisekLY OM V,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, 14,1 COO. Bear. Stearns & Co. Inc. BUR 383 Madison Avenue New YY New York 10179 Cc* Neboloch Cora og North BrodCon. New VC* I1201.3SS9 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD Noventer 1.2003 THROUGH Novernter 28.2003 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WESER On File LAST STATEMENT OCTObef 31.2003 MOMS ESTIMATED CURPENT DESORPTION SYMBOLOUSIP DUMMY PRICE VALUE !MS INCOME YIELD I%4 CASH BALANCE 55.575 TOTAL CASH & CASH EQUIVALENTS $55.575 EQUITIES Equities & Options AOCT IMFO(E1 ESTIMATED CURRENT DESORPTION SIMBOUOUSIP TYPE OUAHTITY PRICE VALUE ANNUAL INCOME VELD I%) CANHORN CHEMICAL CORP CNCPF CASH 19 IMprkted FELCOR LODGING TRUST INC FCH CASH 2.000 10.5700 21.140 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 19.6500 39.300 2.800 7.1247 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 21.8100 43.620 3.846 8.8171 HRPT PROPERTIES TR-SBI HRP CASH 10.000 9.7000 97.000 8.000 8.2474 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 39.5500 79.100 5.760 7.2819 S81 JOHNSON& JOHNSON JNJ CASH 57.800 49.2900 2.848.962 55.488 1.9477 KRAMONT REALTY TRUST KRT CASH 2.000 18.0800 36.160 2.600 7.1903 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 46.4500 20.252 889 4.3897 INC PENNSYLVANIA REAL ESTATE PS CASH 1.794 34.5000 61.893 3,875 6.2608 INVESTMENT TROST-Sal MASCO GERSHENSON PROPERTIES RPT CASH 12.000 26.0500 312.600 20.160 6.4491 TRUST-MD 027 11,29,03,0B:43 001 Vale EFTA00200741 CLEARED THRWGH ITS vniCkLY 0MhE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 0-41km:tech Center North aro:kW% New York 112013959 STEARNS JEFFREY EPSTEIN 5 or STATEMENT PERIOD NOveMEef 1.2003 THROUGH Novernter 28.2003 Your Portfolio Holdings (continued) ACCCUNT NUMBER TAXPAYER WEBER Ofl File LAST STATEMENT WOW 31.2003 Equities & Options (continued) ACC, MARKET ESTIMATED CURRENT DESORPTION SYMBOU0150. TPE OLIANTITT PACE VALLE ANMJAL INCOME yap nu SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 2.0600 2.060 TOO INC TOO CASH 15,600 18.2500 284.700 Total Equities& Options $3.846.787 $103.418 TOTAL EQUITIES $3.846.787 $103,418 YOUR TOTAL ESTIMATED ANNUAL INCOME $103.418 YOUR PRICED PORTFOLIOHOLDINGS $3.902.362 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT MADE DATE DATE TRANSACDON DESCRIPTION ST/AGO-CUSP ov.wrir, PRCE DE8iT AMOUNT CREPT AMOUNT 11/21/03 EXCHANGE CROWN AMERICAN REALTY TRUST -5.000 C621722 TO MERGER Cp. REAL 11/21/03 EXCHANGE PENNSYLVANIA REAL ESTATE PEI 1.794 Nr TRUST-Sal FROM C621722 0.3589 PENN REAL TOTAL 027 II.2103:08:43 001 %EIS EFTA00200742 CLEARED THROUGH ITS ?mem.? 0" ED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. Neon Seonmr Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Cc* Metsolech Center North 0eock11n. New Ye* 11201 3959 STEARNS JEFFREY EPSTEIN 6 c/ STATEMENT PERIOD NOYEMINN 1.2003 THROUGH November 28.2003 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WEBER OR File DIVIDENDS LAST STATEMENT October 31.2003 DATE DESCRPTION SYMBCL.CuSe CAAMMT, RATE (SI DEBIT AVOW DIEM AMOUNT 11/07/03 CROWN AMERICAN REALTY TRUST 5.000 0.2150 1,075.00 REC 10/27103 PAY 11/07/03 11/20/03 HOSPITALITY PROPERTIES TRUST HPT 2.000 0.7200 1.440.00 SBI REC 10/28/03 PAY 11/20/03 11/21/03 HRPT PROPERTIES TR-SBI HRP 10.000 0.2000 2.000.00 REC 10122/03 PAY 11/21103 TOTAL $4,515.00 INTEREST DA'E CESCP PION STMEICIAUSIP OUPARITT RATE I%4 CEBU AMOUNT CREDIT AMOUNT 11/21103 INTEREST ON CREDIT BALANCE 0.5000 22.19 AT 0 1:21/4 111'21 THRU 11:20 TOTAL $22.19 MISCELLANEOUS DATE ma OM TRANSACTOR DESCRIPTOR DEBIT AMOUNT CREPT ANOLINT 11/21/03 CASH.LIEU PENNSYLVANIA REM. ESTATE 16.90 INVESTMENT TRUST-SBI MERGER 6%3589 PENN REAL TOTAL $16.90 027 11,2303:06:43 001 7919 EFTA00200743 CLEARED IHRCOGH ITS ViHOU.Y OWED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Baia. DeernS Sauget Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. Nen York 10179 One Matrotech Ceara North Brodern. New York 1120/3859 STEARNS JEFFREY EPSTEIN STATEMENT PERIOD OCIOter 1.2003 ACCOUNT EXECUTIVE Z:CHERMAN.IRA TELEPECCE THROUGH Octoter 31.2003 VISIT OUR WEBSITE riIA1 uearstearns.com ACCCUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER On File LAST STATEMENT Sepleater 30.2003 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 3 CIO FINANCIAL TRUST COMPANY Transaction Detail 5 ATTN JEANNE BRENAN 6100 RED HOOK OUATER B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Eqievalent $51.021 TOTAL VALUE OF SECURITIES THIS PERIOD' 3.840.881 343.651 NET CREDIT BALANCE 51.021 Equines — 13.840.881 .... $3.773.562 NET EQUITY THIS PERIOD $3.891.902 Current market vibe NET EOUITY LAST STATEMENT 3.817.213 EN Last statements market value CHANGE SINCE LAST STATEMENT 74.689 p0(110110 newts ao or mot urpescoa socurnos tat mo non relined nix Taal Yea of Smarms and ine Na Cady Qin Pend There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Ple.mo road oar diroronoe a ror.rooligof toss or MOCKS. norm.] as dolicoroa to au. lo aunt Swan of 800611.1428: a ono lo Clom SONIC.. at Bow. Smarm Smarms Car.. One Mainotun Case Nora. BrooUrn, NY. I12014059. ST Tin SOT.Tani a Scembrel prepases ally. Risme Mended asa doomed Gm arm ee shodd be retained for your records Set memSofa rowan aroma= 027 11001 S:14:02 001 flit EFTA00200744 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Ye* 11201.3859 JEFFREY EPSTEIN 2 oi STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11)01,03:14:02 001 Y818 EFTA00200745 CLEARED THRWGH ITS CMP.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Stea•ns SON, I*1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 1O179 Ore Mebelech Center North Becck/on. Hew Pe* 1201.3869 STEARNS JEFFREY EPSTEIN 3 cis STATEMENT PER100 October 1.2003 THROUGH October 31.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER KAMER On File TIC PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT September 30.2003 Opening Balance $43,65O.82 Dividends 7,351.6O 77,455.O2 Other Dividends O.OO 3,162.50 Dividends Interest 7,369.93 Muni Bond Int. O.OO 9,162.43 Amount Credited $7,369.93 Credit Balance Int. 18.33 5O1.32 Total $7,369.93 $90,281.27 Net Cash Activity 7,369.93 ClosingBalance $51,O2O.75 Portfolio Composition CashiCash Equivalent 51,O21 Cash Balance Summary Equities 3.84O,881 OM. r,G CLOSPIG Cash 43.65e82 51,020.75 Total $3.891.9O2 Your Portfolio Net Cash Balance $43.65O.82 $51,020.75 Allocation Cash & Equrisa!enl • Your Portfolio Holdings CASH & CASH EQUIVALENTS MARNE, ESTIMATED CURRENT CIESCRIn011 SYMBOL'CUSIP OUANTITY PRICE VALUE ;AMU. INCOME 'MIDI%) CASH BALANCE 51.O21 TOTAL CASH & CASH EQUIVALENTS $51,021 — Equities 99% Unshaded portions deo* debt Wane" emit, OM market vacs. Ths Omar, serer:re is clewed Item te absolute marital value of ITS patio" 027 11)01MS:14:02 001 EFTA00200746 CLEARED THROUGH ITS YrisCLLY 0WLE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 CAP. Bear. Stearns & Co. Inc. BUR 383 Madison Avenue New YY New York 10179 Ore Metsolech Contof North Becck/on. New Year 11201.3859 STEARNS JEFFREY EPSTEIN 4 STATEMENT PER100 October 1.2003 THROUGH October 31.2003 Your Portfolio Holdings (continued) ACCOUNT NUMBER EQUITIES TAXPAYER KAMER On File LAST STATEMENT September 30.2003 Equities & Options ACCT MARKET ESTIMATED CURFENT DESLRa'ititi SYMB0UCUSIP TYPE 0UANIITT PRCE VALLE ANNUAL INCOME YEW DA/ CANFORN CHEMICAL CORP CNCPF CASH 19 Unpviced CROWN AMERICAN REALTY TRUST CNN CASH 5,000 11.9800 59.900 4,300 7.1786 FELCOR LODGING TRUST INC FCH CASH 2,000 10.1900 20.380 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 19.5000 39.000 2,800 7.1795 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 21.1800 42.360 3,846 9.0793 HRPT PROPERTIES TR-SBI HRP CASH 10.000 9.3600 93.600 8.000 8.5470 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 36.6700 73.340 5.760 7.8538 581 JOHNSON& JOHNSON JNJ CASH 57.800 50.3300 2.909.074 55.488 1.9074 KRAMONT REALTY TRUST KRT CASH 2.000 17.1700 34.340 2.600 7.5713 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 44.3500 19.337 889 4.5974 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 24.1500 289.800 20.160 6.9565 TRUST-MD SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 2.3500 2.350 TOO INC TOO CASH 15.600 16.5000 257.400 Total Equities& Options 53.840.881 $103.843 TOTAL EQUITIES 53.840.881 $103.843 YOUR TOTAL ESTIMATED ANNUAL INCOME $103,843 YOUR PRICEDPORTFOLIOHOLDINGS $3,891,902 027 11)01,03:14:02 001 Y818 EFTA00200747 CLEARED THRWGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Stea•ns SOC,A44,1 Gory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 0-4 Mem:1W+ Center North 8A5:100n. New TA* 11201.3859 STEARNS JEFFREY EPSTEIN 5 vi STATEMENT PER100 OCIOter 1.2003 THROUGH October 31.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER /AMBER On File DIVIDENDS LAST STATEMENT SepteMber 30.2003 ME DESORPTION SYMBOAVSiP amarrny RATE (51 DEBIT AMOUNT OTED11 AMOUNT 10/15/03 GLENBOROUGH REALTY TRUST INC GLB 2.000 0.3500 700.00 REC 10/01103 PAY 10/15103 10/15/03 GLIMCHER REALTY TRUSTSBI GRT 2.000 0.4808 961.60 REC 09130/03 PAY 10/15/03 10/21/03 RAMO GERSHENSON PROPERTIES RPT 12.000 0.4200 5640.00 TRUST-MD S81 AEC 09/38103 PAY 1621/03 10/22/03 KRAMONT REALTY TRUST KAT 2.000 0.3250 650.00 REC 09129/03 PAY 10/22/03 TOTAL 57,351.60 INTEREST DATE OESORPTION SYMBOL/1:1)51P OUNODY RATE IOU SEEP AMOUNT CREDIT AMOUNT 10/21/03 INTEREST ON CREDIT BALANCE 0.5000 18.33 AT 0 1/2% 09121 THRU 10/20 TOTAL $18.33 End of Statement 027 11/01/03;14:02 001 VS1S EFTA00200748 CLEARED THRIXIGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Eleer. SOMAS SOOdellitd Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York Nee York 10179 Ono Mettotech Center Noah Eatodin. New Vod( 11201.3859 STEARNS JEFFREY EPSTEIN ACCOUNT EXECUTIVE ZI3HERMAN.IRA STATEHEHT PERIOD August 30.2003 TELEPICCE THROUGH September 30.2003 VISIT OUR WEBSITE 61AV .uca'stear,•.s.00711 ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER WEISER On File LAST STATEMENT August 29.2003 Financial Summary 3 JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings 3 ATTN JEANNE BRENAN Transaction Detail 5 6100 RED HOOK OUATER B-3 Your Messages 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Bear Stearns is pleased to Cash a Egumalent 1 $43.651 announce our conversion to TOTAL VALUE OF SECURITIES THIS PERIOD' 3.773.562 328.467 a calendar month.end NET CREDIT BALANCE 43.651 53.773.562 statement. Effective this Equities — $3.779.512 month, your account statement reflects alt NET EQUITY THIS PERIOD $3.817.213 activity and account Current market vaLue valuation up to and ME Last statements market value including the last business NET EOUITY LAST STATEMENT 3.807.979 day of the month. CHANGE SINCE LAST STATEMENT 9.234 •ThIS petite,* dieludOS ono or mom owned SOCutIMS mat MO Ace "elected rt re TON YOU, of Seciabes and We Net (poly lin Period There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.mo noon oaf dfforonoo or powwow of teas or mocks. moron! as &Orono io you. stooTent s for ellededronol poem calyltera "'eroded as <Monet lo Deno Sonion of 800134-1428: or yam to nom SONIC.. a Bow. Steam &comes Tin scatetnero shield be retard for your records Soo revers* ode for wooden IIVOCIllatKa Cop One lAttoIecl, Carle, Norm. Breelbn. N.Y. 112014859 027 1001,03:11:21 001 Y813 EFTA00200749 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns SON, t4,1 COO. Ceol.letioloch Cantot North Becck/on. New Volt 1120/3859 JEFFREY EPSTEIN 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 027 10NI.D3:11:21 001 Y813 EFTA00200750 CLEARED 1HRWGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns S0C,nbel COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 OtoLlebelech Cella North Becck/on. New Ye.* I i201.38S9 STEARNS JEFFREY EPSTEIN 3 cI STATEMENT PER100 August 30.2003 THROUGH Septeinter 30.2003 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER NouSER On File THIS PERI00 16 PERIOD YEAR TO DATE LAST STATEMENT August 29.2003 Opening Balance $28,466.85 Dividends 15,169.36 70,103.42 Other Dividends 0.00 3,162.50 Dividends/Interest 15183.97 Muni Bond Int. 0.00 9,162.43 Amount Credited $15.183.97 Credit Balance Int. 14.61 482.99 Total $15,183.97 $82,911.34 Net Cash Activity 15,183.97 ClosingBatance $43,650.82 Portfolio Composition CashiCash Equivalent 43,651 Cash Balance Summary Equities 3.773,562 OPENING CLOSING Cash 28.466.85 43,650.82 Total $3.817,213 Your Portfolio Net Cash Balance $28.466.85 $43,650.82 Allocation Cash & Equrisa!eni IPv Your Portfolio Holdings CASH & CASH EQUIVALENTS MAKE! ESTIMATED CURREN! COMPTON SYMBONCUSIP OUANTITY PRICE VALUE ANNUAL INCOME VELD I%) CASH BALANCE 43.651 TOTAL CASH & CASH EQUIVALENTS $43,651 — Equities 99% UnsPadatl potions deo* debt Wane" omit, OM menet vacs. he almalxin percernar is clewed corn to absolute marital value of >TYf palkno 027 10.131A33:11:21 001 V813 EFTA00200751 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearns SOC.,44.1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mosolech Cantu North Beo:kron. New Ye* 11201.3559 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERM AuCmS1 30.2003 THROUGH Septeorbar 30.2003 Your Portfolio Holdings (continued) ACCCUNT water, EQUITIES TAXPAYER AILIMER OR File LAST STATEMENT August 29.2003 Equities & Options ACCT MARKET ESTIMATED CURRENT Dt.:..LP .UN SYMBOUCUSIP 7YPE OUANIITT PRICE VALLE ANNUAL /COME YEW DA/ CANICRN CHEMICAL CORP CNCPF CASH 19 Unpviced CROWN AMERICAN REALTY TRUST CNN CASH 5,000 11.9000 59.500 4,300 7.2269 FELCOR LODGING TRUST INC FCH CASH 2,000 10.3600 20,720 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 18.8600 37,720 2,800 7.4231 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 21.0700 42.140 3,846 9.1267 HRPT PROPERTIES TR-SBI HRP CASH 10.000 9.1400 91.400 8.000 8.7527 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 35.0800 70.160 5.760 8.2098 581 JOHNSON& JOHNSON JNJ CASH 57.800 49.5200 2.862.256 55.488 1.9386 KRAMONT REALTY TRUST KRT CASH 2.000 16.9500 33.900 2.600 7.6696 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 43.0000 18.748 889 4.7418 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 25.4500 305.400 20.160 6.6012 TRUST-MD S8I SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.8300 1.830 TOO INC TOO CASH 15.600 14.7300 229.788 Total Equities& Options $3,773,562 $103,843 TOTAL EQUITIES $3,773,562 $103,843 YOUR TOTAL ESTIMATED ANNUAL INCOME $103,843 YOUR PRICEDPORTFOLIOHOLDINGS $3,817,213 027 1013103:11:21 001 11513 EFTA00200752 CLEARED THRWGH ITS Putty, 0Oh.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC.,44.1 GNP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 0-4 Mevolech Canto North Beceicon. New Tot 11201.3559 STEARNS JEFFREY EPSTEIN 5 STATEMENT PER100 AuguS1 30.2003 THROUGH Septenter 30.2003 Transaction Detail ACCCUNT NUMBER TAXPAYER KAMER On FIk DIVIDENDS LAST STATEMENT August 29.2003 DVE DESORPTION STMEICUCUSIP OUMFTITT RATE (DI DEBIT AMOUNT CREDO AMOUNT 09/09/03 JOHNSON& JOHNSON JNJ 57,800 0.2400 13,872.00 REC 08/I 9103 PAY 09/09/03 09/12/03 CROWN AMERICAN REALTY TRUST CWN 5.000 0.2150 1,075.00 REC 08/29/03 PAY 09/1203 09/15/03 PAN PACIFIC RETAIL PROPERTIES PNP 436 0.5100 222.36 INC REC 08/29/03 PAY 0911903 TOTAL $15.169.36 INTEREST DATE DESORPTION STMEICIAUSIP OWARITT RATE ITO ceen AMOUNT CREDO AMOUNT 09/22/03 INTEREST ON CREDIT BALANCE 0.5000 14.61 AT 0 1/2% 08121 THRU 09/20 TOTAL $14.61 027 10.01.133:11:21 001 PSIS EFTA00200753 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Dap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 CeoLlevalech Cella North Beccioon. New re* 11201.3559 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD August 30.2003 THROUGH Septemter 30.2003 ACCCUNT NUMBER TAXPAYER WESER On File Your messages LAST STATEMENT August 29.2003 Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: Securities and other assets in your account are the firm's collateral for any margin loan made to you. If the securities and other assets in your account At May 31, 2003 and July 31, 2003, the Company's net capital of decline in value, so does the value of the collateral supporting your loan, and, approximately $2.4 billion and $3.0 billion was approximately 6% and 7% of as a result, the firm can take action, such as issue a margin call and/or sell aggregate debit items and exceeded the minimum regulatory net capital securities or other assets in any of your accounts held with the member, in requirement of approximately $799.5 million and $904.4 million by order to maintain the required equity in the account. It is important that you approximately $1.6 billion and $2.1 billion, all respectively. fully understand the risks involved in trading securities on margin. These risks include the following: A complete copy of the Bear, Steams Securities Corp. Statement of Financial Condition is available on the web site wmv.bearstearns.com. Alternatively, to You can lose more funds than you deposit in the margin account. request a free printed copy please call • toll free 1.666.299.9331. The firm can force the sale of securities or other assets in you account(s), The firm can sell your securities or other assets without contacting you. You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. The firm can increase its 'house" maintenance margin requirements at any time and is not required to provide you advance written notice. You are not entitled to an extension of time on a margin call. 027 latIA33:11:21 001 Y813 EFTA00200754 CLEARED THROUGH ITS YrisekLY 0"E0 SUBSIDIARY OFFICE SERI/ICING YOUR ACCOUNT Beer. Szeiree Secvehti Dap. Bear. Stearns 8 Co. Inc. BUR 383 Madison Avenue New YY New York 10179 CcoMetioloch Contm North BrodCon. New Ye* 11201.3559 STEARNS JEFFREY EPSTEIN 7 STATEMENT PERIOD August 30.2003 THROUGH Septeinter 30.2003 ACCCUNT water, TAXPAYER WESER Cfl File LAST STATEMENT August 29.2003 This statement is provided to explain Bear, Steams & Co, Ina (BSC') payment for order flow practices. fige Pursuant to SEC Rule 11Ac1.6, please note the following: BSC routes a majority of orders for customer securities transactions to the Bear. Steams & Co. Inc. will post its quarterly routing statistics at the following primary market for such securities, Orders may also be routed to other market web link: http://wvm,bearsteams,comf, Click on Individual Investor. Click on service vendors that assure executions pursuant to complex mathematical Equities, Click on Order Routing Practices. formulas at better than the national best bid or best offer (NBB0). BSC receives no cash payment or other consideration for such order routing other Customers of Bear, Steams & Co, Inc, may request information on any order than favorable executions or executions of limit orders at no additional charge. executed within the prior six months from the time of the request. Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders. End of Statement 027 ICU01103:11:21 001 YS13 EFTA00200755 CLEARED THROUGH ITS WNW.? ON6EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. StArt. SOC‘rititt CaP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Mem:leen Cornet North Becck/on. Hew Yak 11201.3859 STEARNS JEFFREY EPSTEIN STATEMENT PERK* Jug 26.2003 ACCOUNT EXECUTNE ZICHERMAN.IRA TELEPHONE THROUGH August 29.2003 VISIT OUR WEBSITE 61AV uearstearns.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER On File Last STATEMENT .1U/t 25. 2003 Financial Summary 3 JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings 3 ATTN JEANNE BRENAN Transaction Detail 5 6100 RED HOOK MATER B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Bear Stearns is pleased to Cash a fawnlent $28.467 TOTAL VALUE OF SECURITIES THIS PERIOD' 3.779,512 $26.016 announce our conversion to a calendar month-end NET CREDIT BALANCE 28,467 $3.779.612 statement. Effective Equities $3.976.848 September 2003.your account statement will NET EQUITY THIS PERIOD $3,807,979 reflect all activity and Current market vote account valuation up to and NET EQUITY LAST STATEMENT 4,001,864 tog Last statements matket value including the last business day of the month. CHANGE SINCE LAST STATEMENT -193,885 'Ms ocean melodies ore or mm unpeRod iooreos Jl we not reacted mix Taal Yana, of Sew0es and the Net Eclat/ This Porta There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plaza ropan ant delcommeo a castoceire of toes or stocks. mellealod as cliOcorod to p5u. lo Gent Sonia. al B00611.1428 a vat to ChM Smokes a Bow. Steam &conies Cap. One lAaliolock Cala North. Bnedbn, NY. I1201-3059. St TM, WITAXPi formfemmatMmal frames oNy is not "landed natal downers Ilvs statenwro should be retailed for your records Soo reverse Sr for main nkenatom 027 083003:13:45 001 vat2 EFTA00200756 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. SZeirns Secallkl COO. 0 -4 1.1evolech Contot North Brocklln• New VC* 11201.3859 JEFFREY EPSTEIN 2 oi STATEMENT BACKER IS PRINTED ON THIS PAGE 027 089003:10:45 001 Y812 EFTA00200757 CLEARED THRO00H ITS ?DIM? ODP.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns SOC,nbtf COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Mebolech Center North Becck/on. New Tuft 11201.3859 STEARNS JEFFREY EPSTEIN 3 cis STATEMENT PERt00 Jug 26.2003 THROUGH August 29.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MAKER On File THIS PER00 116 PERIOD YEAS TO DATE LAST STATEMENT JuD 25. 2003 Opening Balance Dividends 3,440.00 54,934.06 $25,016.08 Other Dividends 0.00 3,162.50 Dividends/Interest 3.450.77 Muni Bond Int. 0.00 9,162.43 Amount Credited 53.450.77 Credit Balance Int. 10.77 468.38 Total $3,450.77 $67,727.37 Net Cash Activity 3.450.77 ClosingBatance $28.466.85 Portfolio Composition CashiCash Equivalent 28,467 Cash Balance Summary Equities 3.779,512 OPENING CLOSING Cash 25.01&08 28.46&85 Total $3.807,979 Your Portfolio Net Cash Balance $25.016.08 $28.466.85 Allocation Cash & Equiyalenl • <1% Your Portfolio Holdings CASH & CASH EQUIVALENTS MONET ESTIMATED CURREN! DESCRSTON SYMBOL'CUSIP OLIANTITY PRICE VALUE ;Antal INC0NE YELD IT4 CASH BALANCE 28.467 TOTAL CASH & CASH EQUIVALENTS $28,467 I— Equities 99% UnsPaded potions deo* debt Wane" omit, OM meet vacs. he alocabon perceenne is de•ued Item to absolute marital value palkno 027 093DO3:13:45 001 Y812 EFTA00200758 CLEARED THROUGH ITS niCkLY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.,44.1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mosolech Cantu North Beo:kron. New Ye* 11201.3559 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD JuN 26.2003 THROUGH August 29.2003 Your Portfolio Holdings (continued) ACCCUNT NUMBER EQUITIES TAXPAYER AILIN3ER OR File LAST STATEMENT Jo& 25.2003 Equities & Options ACCT MARKET ESTIMATED CURFEW Dt.:..LP .UN SYMBOUCUSIP 7YPE OUANIITY PRCE VALLE ANNUAL /COME YEW I/4 CANFORN CHEMICAL CORP CNCPF CASH 19 Unpviced CROWN AMERICAN REALTY TRUST CNN CASH 5,000 11.2800 56.400 4,300 7.6241 FELCOR LODGING TRUST INC FCH CASH 2,000 9.6400 19.280 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 18.3500 36.700 3,440 9.3733 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 20.6600 41.320 3,846 9.3078 HRPT PROPERTIES TR-SBI HRP CASH 10.000 9.0700 90.700 8,000 8.8203 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 31.1400 62,280 5,760 9.2486 581 JOHNSON& JOHNSON JNJ CASH 57.800 49.5800 2.865.724 55.488 1.9363 KRAMONT REALTY TRUST KRT CASH 2.000 17.1500 34.300 2.600 7.5802 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 42.1000 18.356 889 4.8431 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 24.9800 299.760 20.160 6.7254 TRUST-MD S8I SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.6600 1.660 TOO INC TOO CASH 15.600 16.2200 253,032 Total Equities& Options $3,779,512 $104,483 TOTAL EQUITIES $3,779,512 $104,483 YOUR TOTAL ESTIMATED ANNUAL INCOME $104,483 YOUR RRICEDPORTFOLIOHOLDINGS $3,807,979 027 02.30.61:13:46 001 MBI2 EFTA00200759 CLEARED THRWGH ITS 0%P.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SeN•PRI COP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York Nee York 10179 OtoMetiotech Centp North Beccidon. New VC* 112013959 STEARNS JEFFREY EPSTEIN 5 vi STATEMENT PERM Jul/ 26.2003 THROUGH August 29.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER WIPER CO File DIVIDENDS LAST STATEMENT Jul/ 25. 2003 DATE DESORPTION STLIBOAUSW arivany RATE (S/ DEBIT AMOUNT MEDD AMOUNT 08/21/03 HOSPITALITY PROPERTIES TRUST HPT 2.000 0.7200 1,440.00 881 REC 07/23/03 PAY 08121/03 08/25/03 HRPT PROPERTIES TR•SBI HRP 10.000 0.2000 2,000.00 REC 07/25/03 PAY 08125/03 TOTAL $3.440.00 INTEREST De-e DESORPTION SYMECLOiree CCANTITI RATE 14 CENT AVOW!' VRECIT MAC(1141 0S'21/03 INTEREST ON CREDIT BALANCE 0.5000 10.77 AT 0 ii2k, 07:21 THRU 08:20 TOTAL $10.77 End of Statement 027 0820.03:13:45 001 1,112 EFTA00200760 CLEARED THROUGH ITS WHOU.Y 01W.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Steams SeCoolKel Corp. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 hm Metrotech Cooler North Elecck/on, No* Tom 112013859 STEARNS JEFFREY EPSTEIN ZIC,REHMAN.IRA STATEMENT PERK* June 28.2003 ACCOUNT EXECUTIVE TELEPHONE THROUGH Jul/ 25.2003 VISIT OUR WEBSITE www.Dea'slear,'s.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER On File LAST STATEMENT June 27.2003 Financial Summary 3 JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings 3 ATTN JEANNE BRENAN Transaction Detail 5 6100 RED HOOK OUATER B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equivalent 1 $25.016 TOTAL VALUE OF SECURITIES THIS PERIOD' 3.976.848 $17.496 NET CREDIT BALANCE 25.016 Equines 13.976.848 $3.927.477 NET EQUITY THIS PERIOD $4.001.864 Current market value Of Last statement's market value NET EOU(TY LAST STATEMENT 3,944.973 CHANGE SINCE LAST STATEMENT 56.891 'Tea portfolio melodies ono or moro unpileod soouttios Tar No net relented r Be Taal Woe of Samisen erd the Na Egoly nn Ported There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.mo mood ono drforomoo a rontocolel of crocks or stocks. milicolod as doltcorod to pou. Sit an sm•amerY s for Weema0MMI passes** It IS notMended as a tat d0Ciallirt To MHO Sone*. of 800611-1128: a ono lo ChM Santos a Boat. Room Securnos Statement ORA hi retailed to, ye:WIS.:Or& Set Warn S. kr inwlart igenirdlln Coo.. One lAelmIoce Cameo North. BrotAbn, NY 112014884 027 177/26,0310:09 001 2811 EFTA00200761 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, 14,1 COO. Ceol.letioloch Cantot North Broeklln• New Ye* 11201.3859 JEFFREY EPSTEIN 2 oi STATEMENT BACKER IS PRINTED ON THIS PAGE 021 074103:10:09 001 11811 EFTA00200762 CLEARED 1HRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. SZeirns SON,14,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cc* Mebolech Center North Beccidon. Hew Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 3 cis STATEMENT PERIOD June 28.2003 THROUGH Juy 25.2003 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File THIS PERIOD TINe PERIOD YEAR TO DATE LAST STATEMENT June 27.2003 Opening Balance $17.496.11 Dividends 7,511.60 51,494.06 Other Dividends 0.00 3,162.50 Dividends Interest 7,519.97 Muni Bond Int. 0.00 9,162.43 Amount Credited $7.519.97 Credit Balance Int. 8.37 457.61 Total $7,519.97 $64,276.60 Net Cash Activity 7,519.97 ClosingBalance $25,016.08 Portfolio Composition CashiCash Equivalent 25,016 Cash Balance Summary Equities 3.976,848 OPENING CLOSING Cash 17.496.11 25,016.06 Total $4,001,864 Your Portfolio Net Cash Balance $17.496.11 $25.016.08 Allocation Cash & Equivalent • <1% Your Portfolio Holdings CASH & CASH EQUIVALENTS MARRS ESTIMATED CURRENT DESORPTION SIMBOLDJSIP OUANTITY PRICE VALUE MN.NL INCOME YELO I%1 CASH BALANCE 25.016 TOTAL CASH & CASH EQUIVALENTS $25,016 I— Equities 99% UnsPaded potion deo* debt Wane" emit, OM market vacs. Tie Moab", perform,' is de•ued Item te absolute marital value of pad,» 027 074103:10:09 001 V811 EFTA00200763 CLEARED THROUGH ns mom," °MED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, 14,1 CO,P. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cc* Mem:tech Contm North BecciOon. New Teitt 112014869 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD June 28.2003 THROUGH Juy 25.2003 Your Portfolio Holdings (continued) ACCCUNT NUMBER EQUITIES TAXPAYER IMIUSER On File LAST STATEMENT June 27.2003 Equities & Options ACCT MARKET ESTIMATED CURRENT DESI.J.: , "Qt/ SYMBOUCUSIP 7YPE *MOTT PRCE VALUE ANNUAL NCOME YEW DA/ CANFORN CHEMICAL CORP CNCPF CASH 19 Unpviced CROWN AMERICAN REALTY TRUST CNN CASH 5,000 11.2300 56.150 4,300 7.6581 FELCOR LODGING TRUST INC FCH CASH 2,000 8.5900 17.180 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 19.9000 39.800 3,440 8.6432 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 20.9000 41.800 3,846 9.2010 HRPT PROPERTIES TR-SBI HRP CASH 10.000 9.2600 92.600 8.000 8.6393 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 30.7500 61.500 5.760 9.3659 581 JOHNSON& JOHNSON JNJ CASH 57.800 52.2300 3.018.894 55.488 1.8380 KRAMONT REALTY TRUST KRT CASH 2.000 16.9500 33.900 2.600 7.6696 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 41.7000 18.181 889 4.8897 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 24.2900 291.480 20.160 6.9164 TRUST-MD S8I SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.6310 1.631 TOO INC TOO CASH 15.600 19.4700 303,732 Total Equities& Options $3,976,848 $104,483 TOTAL EQUITIES $3,976,848 $104,483 YOUR TOTAL ESTIMATED ANNUAL INCOME $104,483 YOUR PRICEDPORTFOLIOHOLDINGS $4,001,864 027 074103:10:09 001 V811 EFTA00200764 CLEARED THROUGH ITS niCkLY CA1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. szeirns socv,ht, Gory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cc* Mevolech Centec NOM Beccidon. New VC* T12014869 STEARNS JEFFREY EPSTEIN 5 STATEMENT PERIOD June 28.2003 THROUGH Juk 25.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER ERASER OR File DIVIDENDS LAST STATEMENT June 27.2003 DATE CESCRPTION SYMBOJCVSIP QUANTITY RATE (ST DEBIT AMOUNT MEDD AMOUNT 07/15/03 GLENBOROUGH REALTY TRUST INC GLB 2,000 0.4300 860.00 REC 07/01103 PAY 07/16/03 07/15/03 GLIMCHER REALTY TRUST-Sal GRT 2,000 0.4808 961.60 REC 06/30l03 PAY 07/15/03 07/15/03 RAMCO GERSHENSON PROPERTIES RPT 12.000 0.4200 5.040.00 TRUST-MD 581 REC 06/30/03 PAY 07/15103 07/18/03 KRAMONT REALTY TRUST KRT 2.000 0.3250 650.00 REC 06/26/03 PAY 07/18103 TOTAL $7,511.60 INTEREST DATE DESORPTION SYME/CIJOICIP QUANTITY RATE I%) DEBT AMOUNT OREM AMOUNT 07/21/03 INTEREST ON CREDIT BALANCE 0.7500 1.45 AT 0 3/4% 06/21 THRU 06124 07/21/03 INTEREST ON CREDIT BALANCE 0.5000 6.92 AT 0 1/2% 06125 THRU 07120 TOTAL $8.37 End of Statement 027 07/26/03;10:09 001 nil EFTA00200765 CLEARED THROUGH ITS scisCirl 096E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szarns Se8ratl CaP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Ore Metsolcoh Center North 8rookron. Nee Year 11201.1859 STEARNS New York, New York 10179 JEFFREY EPSTEIN STATEMENT PERIOD May 31.2003 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEPHONE THROUGH June 27.2003 VISIT OUR WEEISITE 674 \1 bearstearns.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER On File LAST STATEMENT May 30.2003 Financial Summary 3 JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings 4 ATTN JEANNE BRENAN Transaction Detail 5 6100 RED HOOK (WATER B-3 Fund Activity 6 ST THOMAS VI 00802 Your Messages 8 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Confirmation: Unless we Cash & Egwvalent 4,-A 174 96 hear from you to the TOTAL VAWE OF SECURITIES THIS PERIOD' 3.927,477 ri:trn1:1 $546.819 contrary. it is our NET CREDIT BALANCE 17.496 93.927.477 understanding that any free Equities ............ •••••. . ........ $4.051.448 credit balances in your account are being NET EQUITY THIS PERIOD $3,944,973 Flied maintained to facilitate Income 1.200.000 your intention to invest NET EQUITY LAST STATEMENT 5,799,343 such amounts through us. CHANGE SINCE LAST STATEMENT -1,854,370 MI Current market value NM Last statements market value Mu portfolio adobes Oro or mw unposed moan out we not related a te. Taal Yana of Setabes and the Hee Eclat/ Die 15. 8911 There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza loped oaf drforonoe a easfactis of ChICkS Of MOCKS. Oldlanal as 6210303a 10 yell. to deal Swam at 800611.1128: a tort HI Clam Sonnets a Bow. Smarr@ &comas Cap.. One lAttoltai Coolie Halls Brodbri, N Y 112014859 St THS summary n fa mfOenlaanel psrPosts only Ikea derided inlet downent Ilvs =tonere should be released for your records See reverses.* fanatic< agamalca 027 06280312:00 001 11808 EFTA00200766 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Brocklln• New VC* 11201.0858 JEFFREY EPSTEIN 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0028.132:12:00 001 Y808 EFTA00200767 CLEARED THROUGH ITS vniCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. SZetrns S0N, t4,1 Dap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue OtoLlebetech Cella North Becck/on. Hew Ye* 11201.3859 STEARNS New YY New York 10179 JEFFREY EPSTEIN 3 STATEMENT PERO) May 31.2003 THROUGH June 27.2003 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WEBER On File RC PERIOD YEAS TO DATE THIS PERIOD LAST STATEMENT May 30.2003 Dividends 15.169.36 43,982.46 Opening Balance 5123.298.47 Other Dividends 583.22 3,162.50 Securities Sold 1.200.000.00 Muni Bond Int. 1,842.74 9,162.43 Money Fund 424,487.67 Credit Balance Int. 81.52 449.24 Dividends/Interest 17,093.62 Total $17,676.84 $56.756.63 Amount Credited $1.641.581.29 Money Fund -383.65 Funds Withdrawn -1/47.000.00 Portfolio Composition Amount Debited $-1 747 383.65 Cash/Cash Equivalent 17.496 Equities 3.927.477 Net Cash Activity -105.802.36 Total 53.944.973 ClosingBalance $17 496 11 Your Portfolio Allocation Cash Balance Summary OPENING CUZISINO Cash 8, Equivalent -• <1% Cash 123.298.47 17,496.11 Net Cash Balance $123.298.47 $17.496.11 I— Equities 99% UnsPadatl ',oceans deo* debt Wane" emit, ;hal market vetca. Tie decay, percenwie is clewed Item to absolute marital value of lw palioo 027 0628.131:12:00 001 V808 EFTA00200768 CLEARED 'THROUGH RS ?mow, OMIE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szea•ns SON, t4,1 COP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Cc* Mevolech Cantor North acedCon. New Ye* I I201.38S9 STEARNS JEFFREY EPSTEIN 4 ri STATEMENT PER100 May 31.2003 THROUGH June 27.2003 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER KAMER On Flk LAST STATEMENT May 30.2003 IMRKE1 ESTIMATED CUAPENT DESCRIPTION SIMBOLCUSIP QUANTITY PACE VALUE NVUAL MCCUE VE101'4) CASH BALANCE 17.496 TOTAL CASH & CASH EQUIVALENTS $17,496 EQUITIES Equities & Options ACCT MATOCET ESTMATED CURRENT DESCRIPTION SYMBOUCUSIP TOE QUANTITY PRCE VALUE ANNUAL tiCOME VELD PM CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN CASH 5.000 10.4800 52.400 4.300 8.2061 FELCOR LODGING TRUST INC FCH CASH 2.000 7.8000 15.600 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 19.4800 38.960 3.440 8.8296 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 22.5100 45.020 3.846 8.5429 HRPT PROPERTIES TR-SBI HRP CASH 10.000 9.2000 92,000 8.000 8.6957 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 31.1400 62,280 5.760 9.2486 S8I JOHNSON& JOHNSON JNJ CASH 57.800 51.5400 2.979.012 55.488 1.8626 KRAMONT REALTY TRUST KRT CASH 2.000 16.8800 33.760 2.600 7.7014 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 39.6900 17,305 889 5.1372 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 23.1900 278,280 20.160 7.2445 TRUST-MD S8I SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.6400 1.640 027 0612843:12:00 001 Y808 EFTA00200769 CLEARED THROUGH DS vngkiv OME0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Metselech Car:1N North Becci0on. New VC* 11201.38S9 STEARNS JEFFREY EPSTEIN 5 vi STATEMENT PERIOD May 31.2003 THROUGH June 27.2003 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER WESER On FOE LAST STATEMENT May 30.2003 Equities & Options (continued) ACCT MARKET ESTIMATED CURFEW DESCRPTION S1MBOUCLISIP TYPE OUAMITT ?PIE VALLE ANNUAL INCOME YE1D1/4 TOO INC TOO CASH 15,600 19.9500 311.220 Total Equities& Options $3.927.477 $104,483 TOTAL EQUITIES $3.927.477 $104,483 YOUR TOTAL ESTIMATED ANNUAL INCOME $104.483 YOUR PRICED PORTFOLIOHOLDINGS 53,944.973 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSAC110/1 CESCRPTION STM80..CuSP OVANTITY viva DEBIT AMOUNT CREPT M.VUNT 06/18/03 06/18/03 SOLD METROPOLITAN TRANSN AUTH N Y -1,200,000 100.00000 1,200,000.00 REV FFDO-SER D-2 DUE 11(01/2032 01.000% ACCR. INT. 540.82 SUBJ TO EXTRA ORD CALL FF OPT PUT 7D YIELD 1,000 %TO MATURITY TOTAL $1,200,540.82 027 002/1031:12:00 001 YS09 EFTA00200770 CLEARED THRWGH ITS ?RIMY CA1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs S0C,r44,1 Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 0-41km:tech Center North Beccidon. New VC* I1201.38S9 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD May 31.2003 THROUGH June 27.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER On File DEPOSITS AND WITHDRAWALS LAST STATEMENT May 30.2003 DVE PANS44,1' DESCRPTIoN DEMI AMOUNT CREDIT AMOUNT 06/18/03 FND WIRED WIRED TO 1,047,000.00 06/19/03 FND WIRED WIRED TO 700.000.00 TOTAL s-1.747.000.00 MONEY FUND ACTIVITY DATE MODAY TRANSACTION DESCRIPTION SYMEadtt/SIP PRICE DEBIT AMOUNT CREDIT AMOUNT 05/31/03 OPENINGBALANCE 423.520.80 06102/03 DIVIDEND DREYFUS TAX EXEMPT CASH DEIXX 383.65 MANAGEMENT INSTL SH MONTHLY DIVIDEND 0602/03 REINVEST DREYFUS TAX EXEMPT CASH DEIXX 383.65 383.65 MANAGEMENT INSTL SH DIVIDEND REINVESTED 06/19/03 SOLD DREYFUS TAX EXEMPT CASH DEIXX -423,904.45 1.0000 423.904.45 MANAGEMENT INSTL SH 06/20/03 DIVIDEND DREYFUS TAX EXEMPT CASH DEIXX 199.57 MANAGEMENT INSTL SH DINS 06/27/03 CLOSINGBALANCE 0.00 TOTAL 5-383.65 5424.487.67 027 002(031:12:00 001 V808 EFTA00200771 CLEARED THRWGH ITS VIIleklY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. Saea•ns S0N, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Meesetech Cella North 0eock11n. New Yak 11201.3859 STEARNS JEFFREY EPSTEIN 7 vi STATEMENT PERIOD May 31.2003 THROUGH June 27.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER CO File DIVIDENDS LAST STATEMENT May 30.2003 DATE DESORPTION STMEICUOUSIP CAMAIMY RATE (5) DEBIT AMOUN' MEM AMOUNT 06/10103 JOHNSON& JOHNSON JNJ 57.800 0.2400 13,872.00 REC 05/20+03 PAY 06/10/03 0613/03 CROWN AMERICAN REALTY TRUST CWN 5.000 0.2150 1,075.00 REC 06432/03 PAY 06/303 06/13/03 PAN PACIFIC RETAIL PROPERTIES PNP 436 0.5100 222.36 INC REC 05/23/03 PAY 06/303 TOTAL $15.169.36 INTEREST DATE OESCRETION SYMOCUCUSIP MAMMY RATE l%4 CUM AMOUNT CREDIT AMOUNT 06/02/03 METROPOLITAN TRANSN AUTH N Y 1,200,000 1.301.92 REV Rpoo-sER D-2 DUE 11/01/2032 1.150 REG INT ON 1200000 MD REC 05130/03 PAY 06/02/03 06/23/03 INTEREST ON CREDIT BALANCE 0.7500 81.52 AT 0 3!4% 05/21 THRU 06/20 TOTAL $1.383.44 027 OW843:12:00 001 Y808 EFTA00200772 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Ne9•n5 Seceet.1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 CeoLletsolech Cant“ North BecciOon. New Ye* II2DI.38S9 STEARNS JEFFREY EPSTEIN 8 vi STATEMENT PERO) May 31.2003 THROUGH June 27.2003 ACCCUNT NUMBER TAXPAYER WESER Cfl File Your messages LAST STATEMENT May 30.2003 With interest rates at their lowest in 45 years, income oriented clients are reminded of the risks inherent in attempting to maintain or increase the average yield on a fixed income portfolio, Generally, securities carrying a higher yield come with some combination of added credit risk, extended maturities, reduced liquidity, or special call features. Rising interest rates can cause a decline in the market value of your portfolio, which will impact your principal if securities are sold prior to maturity. Please consult your Bear Stearns account executive if you would like to discuss your fixed income portfolio. As a leader in Fixed Income, Bear Steams can analyze any portfolio, held here or elsewhere and make recommendations such that your portfolio is aligned within your tolerance for risk. End of Statement 027 0228.133:12:00 001 Y808 EFTA00200773 CLEARED THROWN ITS YiHMV CAM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Stairn5 SON, 081 Cap. Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue O-4 Metsolech Gorda North Secck/on, New Tait 11201'3859 STEARNS New York Nen York 10179 JEFFREY EPSTEIN STATEMENT PERIOD April 26.2003 ACCOUNT EXECUTIVE CHERMAN.IRA TELEPHONE THROUGH May 30.2003 VISIT OUR WEBSITE 0.M% uearstearrts.com ACCOUNT NUMBER What's In This Statement lilt' 111lI II TAXPAYER MAISER On File LAST STATEMENT April 25.2003 Financial Summary 3 JEFFREY EPSTEIN 4 CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings ATTN JEANNE BRENAN Transaction Detail 6 6100 RED HOOK MATER B-3 Fund Activity 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash 8 Equivalent $546.819 TOTAL VALUE OF SECURITIES THIS PERIOD' 5,251,448 $541.749 LONG ACCRUED INTEREST 1,076 $4,05 I .448 Equities — $4.138.756 NET CREDIT BALANCE 123,298 MONEY MARKET FUND BALANCE 423,521 Fixed SI.200.030 Income SI .200.000 NET EQUITY THIS PERIOD $5,799,343 ME Current market value ma Last statement's market value NET EQUITY LAST STATEMENT 5,881,585 CHANGE SINCE LAST STATEMENT -82,242 •TNs poach, ncludas cm or man urmikocl 000aos rat we not Mooted V, to Total VatJo 01 Socurtios arc no Not soggy TM Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza copal ant Mama a rawilazia ol ctoclm or socks. nelicalal as doltraoti lo you. 10 Olool &onion 01 80O611.1128: a yrnto 10 Clad Santos at Boot Stow@ SauMos Caw.. One lActolali Coma North. BrooN,n, NY I I201.9Bee St //18 RATRUP/to W ITT0TITMO0wal rams only a asta canard as a'am tbaniet Tin statnrc ORM be maned for your words See mons Ws to npxon riconKan 027 0531,03:IS:SO 001 EFTA00200774 CLEARED 1HROUGH NS vriseklY O"EO S0BSIDIARY 808r. Saee•ns S0N, t4,1 COO. CeolActsolech Cantot North Broeklln• New Tuft 11201.3859 JEFFREY EPSTEIN 2 or 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 O53103:15:30 001 V644 EFTA00200775 CLEARED THRO00H ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. Screams SON, t4,1 Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Meesetech Cella North BecciOon. New Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 3 STATEMENT PERIOD PPr8 26.2003 THROUGH May 30.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WEBER On File RC PERIOD YEAS TO DATE THIS PERIO0 LAST STATEMENT *11 25.2003 Opening Balance $118,592.07 Dividends 3,440.00 28,813.10 Other Dividends 363.57 2,579.28 Money Fund 363.57 Muni Bond Int. 1.191.78 7,319.69 Dividends Interest 4,706.40 Credit Balance Int. 74.62 367.72 Amount Credited $5.069.97 Total $5,069.97 $39,079.79 Money Fund -363.57 Amount Debited $-363.57 Net Cash Activity 4.706.40 Portfolio Composition Cash/Cash Equivalent 546,819 ClosingBalance $123.298.47 Equities 4.051,448 Fixed Income 1.200,000 Total $5,798,267 Your Portfolio Cash Balance Summary Allocation 02Et. AO OL06IN0 Cash 118.592.07 123.298.47 Cash & Equivalent — Net Cash Balance $118,592.07 $123.298.47 9% uno-oos pororis oeno* oa0r lnio, ce onto* 001 male wives Tha elotrahri certenur is pe•aed Irynlv 0t0e.te morket 00,), 01 ycv 00000 027 0531,03:15:30 001 Y644 EFTA00200776 CLEARED THRouGH Ns mucky? Omn.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szeirns SOC.r.t4.1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 0-4 Metsdech Comer North Becdoon. New Tom 11201 3559 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD *11 26. 2003 THROUGH May 30.2003 Your Portfolio Holdings AcccuNT NUMBER TAXPAYER WEISER On File CASH & CASH EQUIVALENTS LAST sTATEmENT *11 25.2003 MIMS ESTIMAIE0 CLARENT DESCRPTION S/MBOL,CuSiP OUANTIN PRICE VALUE NO.VAL INCOME 03.0 1%) CASH BALANCE 123,298 DREYFUS TAX EXEMPT CASH 0El/et 423,520.80 1.0000 423,521 4,235 1.0000 MANAGEMENT INSTL SH EST 30 DAY AVG WELD 10400% TOTAL CASH & CASH EQUIVALENTS $546,819 $4,235 EQUITIES Equities & Options ACCT WW1 ESTIME0 CURRENT DESCRPTION S1MBOLUSIP TIPS *JAUNTY PRICE VALLE ANMJAL INCOME yiEU:11%) CANMORN CHEMICAL CORP CNCPF CASH 19 Unprioed CROWN AMERICAN REALTY TRUST CWN CASH 5.000 10.0400 50.200 4.300 8.5657 FELCOR LODGING TRUST INC FCH CASH 2.000 8.4900 16.980 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 18.6500 37,300 3.440 9.2225 GLIMCHER REALTY TRUST-Sal GRT CASH 2,000 21.8200 43,640 3.846 8.8130 HRPT PROPERTIES TR-SBI HRP CASH 10,000 9.4900 94,900 8,000 8.4299 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 31.5900 63,180 5.760 9.1168 S81 JOHNSON& JOHNSON JNJ CASH 57,800 54.3500 3,141,430 55.488 1.7663 KRAMONT REALTY TRUST KRT CASH 2,000 16.2500 32,500 2,600 8.0000 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 39.2900 17.130 889 5.1897 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 23.3900 280.680 20.160 7.1826 TRUST-MD MI 027 0531,03:15:30 001 V644 EFTA00200777 CLEARED THROUGH ITS niCkLY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Retires Seceet.1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Nee York 10179 OtoMetsclech Car:Ng NOM BecciOon. New Ye* I I2DI.38S9 STEARNS JEFFREY EPSTEIN 5 vi STATEMENT PERIOD PPOI 26. 2003 THROUGH May 30.2003 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER AVUSER On File LAST STATEMENT *11 25.2003 Equities & Options (continued) ACC! MARKET ESTMATED CURIeff DESORPTION SYMBatuSie 119E PACE VALUE ANNUAL INCOIAE YELD NG SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.6000 1.600 TOO INC TOO CASH 15.600 17.4300 271,908 Total Equities& Options $4.051.448 $104.483 TOTAL EQUITIES $4.051.448 $104,483 FIXED INCOME Municipal Bonds ACCT ACCRUED IMED MINIM DESORPTION SVIMOUCLISP TYPE GUMMY PRICE MARKET VALLE INTEREST ANIMM AL INCOME YEW IV METROPOLITAN TRANSN AUTH NY CASH 1.200,000 100.0000 1.200.000 1,076 13,800 1.1500 REV RFOG-SER D-2 DATED DATE 05+30102 BOOK ENTRY ONLY FSA INSURED DUE 11/01/2032 1.150% RATING: S&P A-1+ Total MunicipalBonds 51.200.000 $1.076 $13.800 TOTAL FIXED INCOME $1.200.000 $1.076 $13.800 YOUR TOTAL ACCRUED INTEREST $1,076 YOUR TOTAL ESTIMATED ANNUAL INCOME $122.518 YOUR PRICED PORTFOLIOHOLDINGS $5,798,267 02T 05.3i,03:i50.0 001 EFTA00200778 CLEARED THROUGH ns ?mow, CAM,;(0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cc* Meesetech Cella North Beccidon. New Yak 11201.3859 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD APM 26. 2003 THROUGH May 30.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER AVNEER Cel File MONEY FUND ACTIVITY LAST STATEMENT April 25.2003 DATE MOAT TRANSIC1KN DESCRIPTION SYMEOUCUSIP OUPARRY PRISE DEBIT mom CREDIT AMOUNT 04/26/03 OPENINGBALANCE 423,157.23 05/01/03 DIVIDEND DE)X 363.57 iiMaktitS CASH MONTHLY DIVIDEND 05/01/03 REINVEST EXEMPT CASH DE)X 363.57 363.57 MANAGEMENT INSR SH DIVIDEND REINVESTED 05/30/03 CLOSINGBALANCE 423,520.80 TOTAL $363.57 $363.57 DIVIDENDS DVE DESCTG'TION STMEIClittISIP OVANIITY RATE IS) DENT AMOUNT OTEDII AMOUNT 05/27_103 HOSPITALITY PROPERTIES TRUST HPT 2,000 0.7200 1,440.00 58I REC 04/23/03 PAY 0522/03 05/23/03 HRPT PROPERTIES TR-SBI HRP 10,000 0.2000 2,000.00 REC 04/23103 PAY 05123/03 TOTAL $3,440.00 INTEREST DATE DESCRIPTION STEICIOIJCLISIP OUANTITY RATE I%) CENT AMOUNT MEDD AMOUNT 05/01/03 METROPOLITAN TRANSN AUTH N Y 1,200,000 1,191 78 or)? oda% REC 04/30.103 PAY 05:0103 027 M31,03:15:30 001 1184A EFTA00200779 CLEARED TNRO00H ITS niCkLY OW•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 OtoMetsclech Cerra North Beccidon. New Ye* 11201.3555 STEARNS JEFFREY EPSTEIN 7 STATEMENT PERI00 PPM 26. 2003 THROUGH May 30.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER Cfl File INTEREST (continued) LAST STATEMENT *11 25.2003 D4-E DESCRIPTION SYMBCIAUSIP PAUCITY RATE I%) DEBIT AMOUNT CREW AMOUNT 05/21/03 INTEREST ONCREDIT BALANCE 0.7500 70.62 AT 0 3/4% 04/21 THRU05/20 TOTAL $1,266.40 Endo( Statement 027 05,31003:15,30 001 V644 EFTA00200780 CLEARED THROUGH ITS V/HMV CAM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SOWN. Ellewititl Cap. Bear. Stearns 8 CO. Inc. BEAR 383 Madison Avenue Ore Metsolech Canter North Secck/on. New To* 112013859 STEARNS New York Nee York 10179 JEFFREY EPSTEIN STATEMENT PERIOD Muth 29.2003 ACCOUNT EXECUTIVE ZICHERMAN,IRA TELEPHONE THROUGH April 25.2003 VISIT OUR WEBSITE wuw.bearstearns.com ACCOUNT NUMBER What's In This Statement lllllll lull, 11.11 II TAXPAYER MASER On File LAST STATEMENT March 28.2003 Financial Summary 3 JEFFREY EPSTEIN 4 CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings ATTN JEANNE BRENAN Transaction Detail 6 6100 RED HOOK MATER B-3 Fund Activity 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio $541.749 Cash 8 Equivalent TOTAL VALUE OF SECURITIES THIS PERIOD* 5,338,756 LONG ACCRUED INTEREST 1,080 54.138,756 Equities — $4.165.479 NET CREDIT BALANCE 118,592 MONEY MARKET FUND BALANCE 423,157 Fixed Si .200000 Income xt.:S.Si' SI .200.000 NET EQUITY THIS PERIOD $5,881,585 Mil Current market vale NET EQUITY LAST STATEMENT 5,899,263 gg Last statement's market value CHANGE SINCE LAST STATEMENT -17,678 'This patrol* ficludas ow or mon urmaco0 socuraits rat an not Modal V, Iv Total VatJa of Socuttos ars Ma Not epoxy This Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza coon ant clIforonoo a Doormat( of chocks or stocks. •Micalod as diltrotod to pou. to Clioni &onion al 800611.1128: a woe* to nom SONIC.). M Boat. Steam SccuMos Caw.. One lAttokwl, Coolly Houk 8rooNyn. NY. 112014859 et annITT TOI dOraradol palms** N is ta sintled as a fa. dponrc *as Ratan shard bandana; for your records See worts We fa mpaure dynamo 027 01,2603:12:12 001 1643 EFTA00200781 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letioloch Cantot North Broeklln• New Volt 11201.3859 JEFFREY EPSTEIN 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 042603:12:12 001 EFTA00200782 CLEARED 1HRWGH ITS wriCkLY Ot1O.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Screams SONobtl Cat. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 OtoMettoloch Cola North Becck/on. Hew Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 3 al STATEMENT PERIOD March 29.2003 THROUGH April 25.2003 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File PEN00 YEAR TO DATE THIS PERICO LAST STATEMENT March 28.2003 Opening Balance $109,974.19 Dividends 7.511.60 25,373.10 Other Dividends 349.64 2,215.71 Money Fund 349.64 Muni Bond Int. 1.033.97 6,127.91 Dividends Interest 8,617.88 Credit Balance Int. 72.31 293.10 Amount Credited $8,967.52 Total $8,967.52 $34,009.82 Money Fund -349.64 Amount Debited 6-349.64 Net Cash Activity 8,617.88 Portfolio Composition Cash/Cash Equivalent 541,749 ClosingBalance $118.592.07 Equities 4,138.756 Fixed Income 1,200.000 Total $5,880.505 Your Portfolio Cash Balance Summary Allocation Off?. No CLOSING Cash 109.974.19 118.592.07 Cash & Equivalent — Net Cash Balance $109.974.19 $118,592.07 9% Axed Income 20% — Equities 71% Untortlecl prow,' °tome oa0r Nano, oat., scar male wive, Tb olorahr ;events-0 to awed ham Va 00101.te market rat), or >ov patio" 027 042605:12:12 001 Y643 EFTA00200783 CLEARED THRWGH ITS niCkLY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,,,t4,1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 0-4 Mem:tech Comer North Beccmon. New VC* 11201.3559 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD Minh 29.2003 THROUGH April 25.2003 Your Portfolio Holdings ACCCUNT NUMBER TAXPAYER MASER CRAW CASH & CASH EQUIVALENTS LAST STATEMENT Mardi 28.2003 PAAPRET ESTIMATED CURRENT DUCE:PROS SIMBOLCUSiP QUANTITY PRICE VALUE !AWOL INCONE yea au CASH BALANCE 118,592 DREYFUS TAX EXEMPT CASH DEI) 423,157.23 1.0000 423,157 4,232 1.0001 MANAGEMENT INSTL SH EST 30 DAY AVG YIELD 1 1400% TOTAL CASH & CASH EQUIVALENTS $541,749 $4,232 EQUITIES Equities & Options ACCT PAANCET ESTIAME0 CURRENT DESCRPTION SYMBOLCUSIP TIPS OUANTITT PRICE VALUE ANMJAL INCOME YIELD 1%) CANHORN CHEMICAL CORP CNCPF CASH 19 Unpnoed CROWN AMERICAN REALTY TRUST CWN CASH 5.000 10.2300 51.150 4.250 8.3089 FELCOR LODGING TRUST INC FCH CASH 2.000 7.1100 14.220 GLEN8OROUGH REALTY TRUST INC GLB CASH 2,000 16.5100 33,020 3.440 10.4179 GLIMCHER REALTY TRUST-SBI GRT CASH 2,000 20.4800 40,960 3,846 9.3896 HRPT PROPERTIES TIISBI HRP CASH 10,000 8.9100 89.100 8,000 8.9787 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 28.5500 57.100 5,760 10.0876 S81 JOHNSON& JOHNSON JNJ CASH 57,800 56.2100 3.248.938 55.488 1.7079 KRAMONT REALTY TRUST KRT CASH 2,000 15.4000 30,800 2,600 8.4416 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 39.1000 17,048 872 5.1150 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 22.9100 274.920 20.160 7.3330 TRUST-MD 027 Ot2B03:12:12 001 MSC EFTA00200784 CLEARED THROUGH ITS 0%1P.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. Szeirns SOC.P.t4.1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Metsciech Center North Beccitun. New Ye* 11201.3559 STEARNS JEFFREY EPSTEIN 5 v. STATEMENT PERIOD Minh 29.2003 THROUGH AprIl 25.2003 Your Portfolio Holdings (continued) ACCCUST NUMBER TAXPAYER MAUSER On File LAST STATEMENT March 28.2003 Equities & Options (continued) ACCT MARKET ESTATAT9) CUR EM DESCRIPTION SYMBOL CuSiP TEE 04ATITI PUCE VALLE ANNUAL INCOIAE YELD 1141 SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 0.7000 700 TOO INC TOO CASH 15.600 18.0000 280,800 Total Equities& Options $4.138.756 $104.416 TOTAL EQUITIES $4.138.756 $104.416 FIXED INCOME Municipal Bonds ACCT ACCRUED ESTSAMED CURTIN,' DESORPTION STIMOUCUSP TYPE OUAMITY PRICE MARKET VALLE INTEFEST ANNUAL MOM( YEID METROPOLITAN TRANSN AUTH NY CASH 1.200,000 100.0000 1.200.000 1,080 16,200 1.3500 REV RFDG-SER D-2 DATED DATE 05/30,02 BOOK ENTRY ONLY FSA INSURED DUE 11!01/2032 1.350% RATING: S&P A-1+ Total MunicIpalBonds 91.200.000 $1.080 $16.200 TOTAL FIXED INCOME 91.200.000 $1.080 $16.200 YOUR TOTAL ACCRUED INTEREST $1.080 YOUR TOTAL ESTIMATED ANNUAL INCOME $124.848 YOUR PRICED PORTFOLIOHOLDINGS 95.880.505 027 0426.0312:12 001 5543 EFTA00200785 CLEARED THROUGH ITS ?RICO.? CAM.EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. szeirns socv,ht, Cap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Ore Mevolech Contm North Beccidon. New VC* 112012559 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD March 29.2003 THROUGH Apra 25.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER KINSER Cfl FIk MONEY FUND ACTIVITY LAST STATEMENT Manth 28.2003 DATE mow TRANSACION DESCRIPTICN SYMBOUCUSIP mammy PRICE DEBIT AMOUNT CREDIT AMOUNT 03/29/03 OPENINGBALANCE 422.807.59 04/01/03 DIVIDEND iiMaktittg CASH DEIX 349.64 MONTHLY DIVIDEND 04/01/03 REINVEST EXEMPT CASH DER IX 349.64 349.64 MANAGEMENT INSR SH DIVIDEND REINVESTED 04/25/03 CLOSINGBALANCE 423.157.23 TOTAL 5-349.64 $349.64 DIVIDENDS DA'E DESCRPTION STME/CIAUSIP PAUCITY RATE IS) DEBIT AMOUNT CREDIT AMOUNT 04/15/03 GLENBORDUGH REALTY TRUST INC GLB 2,000 0.4300 860.00 REC 04/01103 PAY 04/15/03 64risai atlikiftrlitrN YAtgrall 6.4656 441.60 REC 03131103 PAY 04/15103 04/15/03 RAMCO GERSHENSON PROPERTIES RPT 12.000 0.4200 5.04000 TRUST-MD REC 03/31103 PAY 04/15.03 04/21/03 KRAMONT REALTY TRUST KEIT 2.000 0.3250 650.00 REC 03,31/03 PAY 04/18/03 TOTAL $7.511.60 027 01,2643:12:12 001 YE13 EFTA00200786 CLEARED THROUGH ITS CMBPO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZPAns SOC,APRI COP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Non York 10179 Ore Mevolech Cardp North Beccioon. Hew Ye* 112014869 STEARNS JEFFREY EPSTEIN 7 v, STATEMENT PER100 March 29.2003 THROUGH April 25.2003 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WIPER On File INTEREST LAST STATEMENT Mardi 28.2003 DArE DESORPTION SYMECRAOUSIP OUANMY RATE I%4 DEBIT AMOUNT MEDD AMOUNT 04/01/03 METROPOLITAN TRANSN AUTH N Y 1.200.000 1,033.97 RFD:GgSER 0-2(00 REVe 19 04/21/03 INTEREST ON CREDIT BALANCE 0.7500 72.31 AT 0 3/4% 03/21 THRU 04/20 TOTAL $1,106.28 End el Statement 027 0412103:12:12 001 Y643 EFTA00200787 CLEARED THROUGH nS YiHMV ChM.EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. St8a•nt. SON•itRI COrP Bear. Stearns & CO. Inc. BEAR 383 Madison Avenue New York Nee York 10179 Cc* Metsolech Cantor North Becck/on. New Tuft 1120/3959 STEARNS JEFFREY EPSTEIN STATEMENT PERIOO WWII 1.2003 ACCOUNT EXECUTIVE ZICHERMAN,IRA TELEPHONE THROUGH March 28.2003 VISIT OUR WEBSITE emv.bearsteams.com AGLOW! NUMBER What's In This Statement 11111111111111111 II TAXPAYER NULI3ER On Ale LAST STATEMENT February 28.2003 Financial Summary 3 JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings 4 ATTN JEANNE BRENAN Transaction Detail 6 6100 RED HOOK (WATER B-3 Fund Activity 6 ST THOMAS VI 00802 Your Messages 8 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent $532,782 TOTAL VALUE OF SECURITIES THIS PERIOD* 5,365,479 ,.e<ZIE:::M 6618.125 LONG ACCRUED INTEREST 1,002 $4 165 479 NET CREDIT BALANCE 109,974 Equines (=> = 63.847A04 MONEY MARKET ELAND BALANCE 422,808 Fixed 41200.000 Income $1.600.000 NET EQUITY THIS PERIOD $5,899,263 MO Current market value al Last statements market value NET EQUITY LAST STATEMENT 6,O66,943 CHANGE SINCE LAST STATEMENT •167,68O 'This poach, (dudes coo or awe urmitco0 socutelos rat we not Mooted V, to Total VatJo of Swags anitho Not Scotty TM Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. CThis unimarY H la nrennarenal tarpons status re franchd as a tar downers Roza rood oaf clIforonoo a nontocelat of duds or stocks. calcolocl as clothatott to you. 10 Chool Sone*. of 800614.142B: a veto to ChM SoNkos M Soot Steam Sccurnos Coy.. Coo 1.1floloch Couto. North. BrooRri, NY 112014959 SV The stalwart should be waned Sc. year records Sae Nara Wt kr ripwart ricernatcA 027 0329003:11:19 001 5642 EFTA00200788 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ore Momloch Cantot North Broeklln• New Ye* 11201.3859 JEFFREY EPSTEIN 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 012903:11:19 001 VS02 EFTA00200789 CLEARED 1HRWGH nG OW•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. SZeirns S0C,M*1 Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue OtoLlevelech Center North Beccidon. New To* 11201.3859 STEARNS New YY New York 10179 JEFFREY EPSTEIN 3 STATEMENT PERIOD Mardi 1.2003 THROUGH March 28.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER MASER On File DC FUSCO YEAR TO DATE INIS PERIOD LAST STATEMENT February 28.2003 Opening Balance 9195,638.74 Dividends 12,911.50 17,861.50 Other Dividends 321.74 1,866.07 Securities Sold 400,000.00 Muni Bond Int. 1.335.87 5,093.94 Money Fund 321.74 Credit Balance Int. 88.08 220.79 Dividends Interest 14,335.45 Total $14,657.19 $25,042.30 Amount Credited $414,657.19 Money Fund -321.74 Funds Withdrawn -500.000.00 Portfolio Composition Amount Debited $-500.321.74 Cash,Cash Equivalent 532.782 Equities 4.165.479 Net Cash Activity -85.664.55 Fixed Income 1.200.000 Closing Balance $109,974.19 Total $5.898,261 Your Portfolio Allocation Cash Balance Summary .;;FP.LG CLOSING Cash & Equivalent 9% Cash 195.638.74 109.974.19 Axed Income Net Cash Balance $195.638.74 $109.974.19 20% Equities 71% Untatlecl poroo” oeno* oat Nano, Jnow OM male vela, The elocahr certetwar Ormecl ham to 001,01.te market rat), 01 >ev palloo 027 012903:11:19 001 VE02 EFTA00200790 CLEARED IHRWOH ITS witCkLY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, 14,1 Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 1O179 Ore Mem:leen Center North Beccidon. New VC* 11201.3859 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD Myth 1.2003 THROUGH March 28.2003 Your Portfolio Holdings ACCCUNT NUMBER TAXPAYER KISSER OR File CASH & CASH EQUIVALENTS LAST STATEMENT Pthrulluy 28.2003 MARKET ESTILMIED CURPINT DESCREMON SIMBOLCUSiP QUANTITY ;ACE VALUE ANNUAL INCOME VELD I%) CASH BALANCE 1O9.974 DREYFUS TAX EXEMPT CASH DEI) 422.8O7.59 1.OOOO 422.8O8 3,8O5 O.8999 MANAGEMENT INSTL SH ESL 30 DAY AVG YIELD 1.0200% TOTAL CASH & CASH EQUIVALENTS $532,782 $3.8O5 EQUITIES Equities & Options ADC! IMRI(E1 ESTMATED CAIRROVI DESCRCION SYMBOLCUSIP TYPE CILIANDTT PACE VALLE ANNUAL INCOME YIELD I%) CANISORN CHEMICAL CORP CNCPF CASH 19 Unprioed CROWN AMERICAN REALTY TRUST CWN CASH 5.OOO 9.8000 49.OOO 4.25O 8.6735 FELCOR LODGING TRUST INC FCH CASH 2.OOO 6.0600 12,12O 1.2OO 9.9O1O GLENBOROUGH REALTY TRUST INC GLB CASH 2,OOO 15.5600 31,12O 3.44O 11.O54O GLIMCHER REALTY TRUST-SBI GRT CASH 2,000 19.2700 38,54O 3.846 9.9792 HRPT PROPERTIES TR-SBI HRP CASH 10,000 8.6500 86.5OO 8,OOO 9.2486 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 3O.95OO 61.9OO 5,76O 9.3O53 S81 JOHNSON& JOHNSON JNJ CASH 57,800 57.38OO 3.316.564 47.396 1.4291 KRAMONT REALTY TRUST KRT CASH 2,000 15.1OOO 3O.2OO 2,6OO 8.6O93 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 38.13OO 16.625 872 5.2451 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 21.68OO 26O.16O 2O.16O 7.7491 TRUST-MD SIN 027 03,29.03:11:19 001 V642 EFTA00200791 CLEARED THRWGH ITS YrisekLY CAM,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, New York 10179 Ore Metsolech Contm North Becck/on. New Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 5 vi STATEMENT PERIOD Minh 1.2003 THROUGH Match 28.2003 Your Portfolio Holdings (continued) ACCCUNT mom., TAXPAYER AMBER On File LAST STATEMENT PeDruEuy 28.2003 Equities & Options (continued) ACCT IMPKET ESTRUM) CURREN' DESCRPTION SYMBWCUSIP 04ATETI PRCE VALUE ANNUAL INCOIAE YELD NG SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 0.6700 670 TOO INC TOO CASH 15.600 16.8000 262,080 Total Equities& Options $4.165.479 $97.524 TOTAL EQUITIES $4,165,479 $97.524 FIXED INCOME Municipal Bonds ACCT ACCRUED IMED MINIM DESCRIPTION VINSOUCUSP TYPE OUANTRY PRICE IAARXET VALLE MTEFEST ANIMAL M INCOME YEW ITN METROPOLITAN TRANSN AUTH NY CASH 1.200,000 100.0000 1.200.000 1,002 13,800 1.1500 REV RFDG-SER D-2 DATED DATE 05/30,02 BOOK ENTRY ONLY FSA INSURED DUE 1n01/2032 1.150% RATING: S&P A-1+ Total MunicIpalBonds $1.200.000 $1.002 $13.800 TOTAL FIXED INCOME $1.200.000 $1.002 $13.800 YOUR TOTAL ACCRUED INTEREST $1.002 YOUR TOTAL ESTIMATED ANNUAL INCOME $115,129 YOUR PRICED PORTFOLIOHOLDINGS $5.898.261 027 012903:11:19 001 1542 EFTA00200792 CLEARED IHRWOH ITS CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Cap. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 Cc* Metscilech Contec North Beccidon. New VC* 11201.3859 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD Mardi 1.2003 Timms Mardi 28.2003 Transaction Detail ACCOUNT NUMBER TAXPAYER WESER On PIM INVESTMENT ACTIVITY LAST STATEMENT February 28.2003 SETTLEMENT TRADE DATE DATE TRANSACIVN OESCFOPTION SY1A3OUCUSIP OW/My ARSE DEINTAMAUNT CREPT AMOUNT 03/07/03 03/07/03 SOLD METROPOLITAN TRANSN AUTH N Y -400,000 100.00000 400,000.00 REV RFOG-SER D-2 ACCR. INT. 47.12 DUE 11/01/2032 01.000% SUBJ TO EXTRA ORD CALL THIS SECURITY HAS PUT FEATURES ADDITIONAL INFORMATION WILL BE PROVIDED UPON REOUEST '11 A_ $400,047.12 DEPOSITS AND WITHDRAWALS DATE TILALAACTIOn. DESCRPTION DEBIT AMOUNT CREDIT AMOUNT 03/07/03 FND WIRED WIRED TO 500,000.00 TOTAL S-500.000.00 MONEY FUND ACTIVITY DATE won TRANSACTION DESCRIPTION SYMOOLCUSIP OUANTITY MCC Cell AMOUNT CREDO AlACut/T 03/01/03 OPENINGBALANCE 422.485.85 03/03/03 DIVIDEND ammaawihreg MONTHLY DIVIDEND CASH DEIXX 321.74 03/03433 REINVEST DEIXX 321.74 321.74 BMWANCIABM CASH DIVIDEND REINVESTED 027 03,29.03:T1:T9 ODI EFTA00200793 CLEARED THROUGH ITS wHOM.Y CA1P.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns SOC,P44,1 C.00. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York, Nee York 10179 Cc* klevalech Cont“ North Beccidon. New Ye* 11201.3869 STEARNS JEFFREY EPSTEIN 7 ctn STATEMENT PERIOD Minh 1.2003 THROUGH Mardi 28.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER KAMER OR File MONEY FUND ACTIVITY (continued) LAST STATEMENT FebruEuy 28.2003 DATE 113.DAY TRANS:CRON DESCRIPTION SYMBCCOUSIP CVANTry PACE DEBIT AMOUNT CREDIT AMOUNT 03/28/03 CLOSINGBALANCE 422.807.59 TOTAL $.321.74 $321.74 DIVIDENDS DATE DESORPTION PPM:CUSP CUANTilY RATE IS' DEBIT AMOUNT (SECT AMOUNT 0311;03 JOHNSON& JOHNSON JNJ 57.800 0.2050 11.849.00 REC 02/1843 PAY 03/11/03 03/14;03 CROWN AMERICAN REALTY TRUST CWN 5.000 0.2125 1,062.50 REC 03/03/03 PAY 03/14/03 TOTAL $12.911.50 INTEREST DATE DESCRIPTION SYMBOSUSIP OUANTITY RATE I14 CEINT AMOUNT CREW /MOUNT 03/03/03 METROPOLITAN TRANSN AUTH N Y 1..600.000 1,288.75 l)e- D-2 100009Mi REC 02/28;03 PAY 03/03103 03/21/03 INTEREST ON CREDIT BALANCE 0.7500 88.08 AT 0 3/4% 02/21 THRU 03/20 TOTAL $1,376.83 027 OG.2903:11:19 001 VS02 EFTA00200794 CLEARED THROUGH ITS ?RIMY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs S0C,r44,1 Dap. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 0 -41km:tech Centm North Beccidon. New VC* 11201.3859 STEARNS JEFFREY EPSTEIN 8 STATEMENT PERIOD Minh 1.2003 THROUGH March 28.2003 ACCCUNT NUMBER TAXPAYER At/USER On File Your messages LAST STATEMENT Fearing 28.2003 Bear, Stearns Securities Corp. Net Capital and Net Capital Pursuant to SEC Rule 11Ac1.6, please note the following: Requirements: Bear Steams & Co. Inc. will post its quarterly routing statistics at the At November 30, 2002 and January 31, 2003, the Company's net following web link: http://wvnv.bearsteams.comf, capital of approximately $2.4 billion and $2.4 billion was approximately 7% and 7% of aggregate debit items and exceeded Customers of Bear, Steams & Co. Inc. may request information on any the minimum regulatory net capital requirement of approximately order executed within the prior six months from the time of the request, $716.3 million and $684.1 million by approximately $1.7 billion and Specifically, you may request the identity of the venue to which the $1.7 billion, all respectively. identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that A complete copy of the Bear, Stearns Securities Corp. Statement resulted from such orders. of Financial Condition is available on the web site ww.v bearstearns.com Alternatively, to request a free printed copy please call • toll free - 1.866.299.9331. End of Statement 027 012903:11:19 001 Y602 EFTA00200795 CLEARED THRCOGH nS V/HMV OW•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Steirns SON•Iliti corp. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York Net, York 10179 Cc* Metsolech Center North Beccidon. New you 11201.3859 STEARNS JEFFREY EPSTEIN STATEMENT PERU/ FADMIIP/ 1, 2003 ACCOUNT EXECUME ZICHaRMAN.IRA TELEPHONE THROUGH February 28.2003 VISIT OUR WEBSITE 67AV.uearstearns.com ACCOUNT NUMBER What's In This Statement 1111,111111111111 II TAXPAYER NUMBER On File LAST STATEMENT January 31.2003 Financial Summary 3 JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings 4 ATTN JEANNE BRENAN Transaction Detail 6 6100 RED HOOK (WATER B-3 Fund Activity 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent $618.125 TOTAL VALUE OF SECURMES THIS PERIOD' 5,447,404 $511.271 LONG ACCRUED INTEREST 1,414 $3.847.404 Equities NET CREDIT BALANCE 195,639 63.928.546 MONEY MARKET FUND BALANCE 422,486 FITS $1.600 000 Income $2.000.000 NET EQUITY THIS PERIOD $6,066,943 IN Current market value IN Last statements market value NET EQUITY LAST STATEMENT 6.441,591 CHANGE SINCE LAST STATEMENT -374,649 peatOM Model CM or MOO) uMOCOO mutes fat we not 10100O20 II to TOW %WM of Socunfos and ono Not early TN& Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. F1050 coon ant clIforonoo a nontoctiot of Ones or MOCKS, eldicolod as cloltrotod to p5u. Tie Wing n fa SOTITRBOwal exposes caly els ra Worst, as a lam cloo.meic to Oeni Sonic*. of 800614.1428: a veto lo deal SOMMS a BOO/. SWIM SI:CuTOS Cup.. Co. I.Ittolocli Carlo. North. BrooRri, N Y II2014,50. St The staternec should be Maned for you rosy& Se /not ST Sr onward recnnaoan 027 0101(01:13:32 001 EFTA00200796 CLEARED 1HROUGH RS YrisekLY 0"E0 S0BSIDIARY 848r. Saee•ns SON, t4,1 Dap. Ceol.letioloch Cantot North Broeklln• New Volt 11201.3859 JEFFREY EPSTEIN 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0101,01:11:02 001 VS41 EFTA00200797 CLEARED THROUGH ITS YrisekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. SZeirns S0N, t4,1 Cap. Bear. Steams 8 Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Metsolech Contm North Beccidon. New Tuft 11201.3859 STEARNS JEFFREY EPSTEIN 3 STATEMENT PERIOD February 1.2003 THROUGH February 28.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER OR File 11.8S PERIOD YEAR TO DATE THIS PEFICO LAST STATEMENT January 31.2003 Opening Balance $90,329.37 Dividends 3,440.00 4,950.00 Other Dividends 1,544.33 1,544.33 Securities Sold 400,000.00 Muni Bond Int. 1,789.58 3,758.07 Money Fund 1,544.33 Credit Balance Int. 79.79 132.71 Dividends Interest 5.309.37 Total $6,853.70 $10,385.11 Amount Credited $406.853.70 Money Fund -1.544.33 Funds Withdrawn -30900900 Portfolio Composition Amount Debited $-301.544.33 CaslvCash Equivalent 618.125 Equities 3.847.404 Net Cash Activity 105,309.37 Fixed Income 1.600.000 Closing Balance $195.638.74 Total $6.065.529 Your Portfolio Allocation Cash Balance Summary .,,u,r,c CLOSING Cash & Equivalent 10% Cash 90.32937 195,638.74 Net Cash Balance $90,329.37 $195.638.74 Fixed Incom 26% Equities 64% Untatled pony,' 0en,* 0a0t ara aneo *o•I maga aye, il.o elocahr reventar is awed from ov otnol.te market rat), of )Tv palkno 027 0101.133:13:32 001 veal EFTA00200798 CLEARED THROUGH ITS 0Y1T.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZeirhs SOC,r44,1 COP. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New YY New York 10179 0-4 Mem:tech Cella North Beccidon. New Ye* 112014859 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD ReiNUSP/ 1.2003 THROUGH February 28.2003 Your Portfolio Holdings ACCCUNT NUMBER TAXPAYER NURSER On Foe CASH & CASH EQUIVALENTS LAST STATEMENT January 31.2003 MARXE7 ESTIMAIED CURRENT DESCRPTION SYMBOLCUSiP QUANTITY PRICE VALUE NNJM. INCOME VOID I%) CASH BALANCE 195,639 DREYFUS TAX EXEMPT CASH DEDC< 422485.85 1.0000 422,486 4,225 1.0000 MANAGEMENT INSTL SH ESL 30 DAY AVG YIELD .9800% TOTAL CASH & CASH EQUIVALENTS $618.125 $4,225 EQUITIES Equities & Options ADC! MARIO FEMME° CURRENT DESCRPTIOH SYMBOL:CUSP TYPE OLIMITITT PACE VALLE ANNUAL INCOME YEW 1%) CANIORN CHEMICAL CORP CNCPF CASH 19 Wonted CROWN AMERICAN REALTY TRUST CWN CASH 5.000 9.5800 47.900 4.250 8.8727 FELCOR LODGING TRUST INC FCH CASH 2.000 6.8700 13.740 1.200 8.7336 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 16.2000 32,400 3.440 10.6173 GLIMCHER REALTY TRUST-SBI GRT CASH 2,000 18.8700 37,740 3.846 10.1908 HRPT PROPERTIES TR.SBI HRP CASH 10,000 8.5100 85,100 8,000 9.4007 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 30.5600 61,120 5,760 9.4241 SBI JOHNSON& JOHNSON JNJ CASH 57,800 52.4500 3,031.610 47.396 1.5634 KRAMONT REALTY TRUST KRT CASH 2,000 14.9500 29,900 2,600 8.6957 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 37.6000 16,394 872 5.3190 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 21.0700 252.840 20.160 7.9734 TRUST-MD SBI 027 030103:13:32 001 VE41 EFTA00200799 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. Saea•ns SOC,r44,1 Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Ore Mem:tech Contm north BecciOon. New Ye* I I20I.38S9 STEARNS JEFFREY EPSTEIN 5 cl STATEMENT PERIOD February 1.2003 THROUGH February 28.2003 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT January 31.2003 Equities & Options (continued) ACCT IAMIKET ESTRU) CURFOR DESORPTION SYMBOLUSIA 119E OLIAMITY PRCE VALLE ANNUAL INCOIAE Tan NI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 0.7600 760 TOO INC TOO CASH 15.600 15.2500 237,900 Total Equities& Options $3.847,404 $97.524 TOTAL EQUITIES $3.847.404 $97.524 FIXED INCOME Municipal Bonds ACCT ACCRUED MIMED CURRIM DESORPTION STIMOUCUSP TYPE OUAMITY PFICE IAARXET VALLE INTEFEST ANIMAL INCOME YEW nq METROPOLITAN TRANSN AUTH NY CASH 1.600,000 100.0000 1.600.000 1,414 17,600 1.1000 REV RFDG-SER 0-2 DATED DATE 05/3002 BOOK ENTRY ONLY PAR CALL 03+24/2003 FSA INSURED DUE 11/01/2032 1.100% RATING: S&P Al+ Total MunicipalBonds $1.600.000 $1.414 $17.600 TOTAL FIXED INCOME $1.600.000 $1.414 $17.600 YOUR TOTAL ACCRUED INTEREST $1,414 YOUR TOTAL ESTIMATED ANNUAL INCOME $119.349 YOUR PRICED PORTFOLIOHOLDINGS $6.065.529 02? 030] 03.ICE32 091 VS41 EFTA00200800 CLEARED THROUGH ITS CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,r44,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 0-41km:tech Cantec North Becemon. New Ye* 112013859 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD February 1.2003 THROUGH February 28.2003 Transaction Detail ACCCUNT NUMBER TAXPAYER MUMMER On File INVESTMENT ACTIVITY LAST STATEMENT January 31.2003 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOL:CUSP OVANTITY awcs DEBIT AMOUNT CR= AMOUNT 02/11/03 02711/03 SOLD METROPOLITAN TRANSN AUTH N Y -400.000 100.00000 400,000.00 REV RFDG-SER D-2 ACC/. INT. 90.96 DUE 11/01/2032 01.000% SUBJ TO EXTRA ORD CALL THIS SECURITY HAS PUT FEATURES ADDITIONAL IAFORMATION WILL BE PROVIDED UPON REQUEST o $400,090.96 DEPOSITS AND WITHDRAWALS DATE IFIAMSACTION DESCRPTION DEBIT AMOUNT CREDIT AMOUNT 0201/03 FND WIRED WIRED TO 300,000.00 TOTAL 9-300,000.00 MONEY FUND ACTIVITY DATE MOAT TRANSACTION DESCRIPTION SYMEWCUSIP DUMMY PRICE DEBIT AMOUNT CREDIT AMOUNT 02/01/03 OPENINGBALANCE 420,941.52 02/03/03 DIVIDEND DEIXX 1.54433 aNUANIEtci CASH MONTHLY DIVIDEND 02/03/03 REINVEST DEIXX 1.54493 1.544.33 MAN CIMFTVET H CASH DIVIDEND REINVESTED 027 0101,03:13:32 001 VC41 EFTA00200801 CLEARED IHR000H ITS 095.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZPaRs S08,449 Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cc* Momtech Center North &Wort New Tcot 11201.3859 STEARNS JEFFREY EPSTEIN 7 o STATEMENT PERIOD February 1.2003 THROUGH February 28.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NURSER OR File MONEY FUND ACTIVITY (continued) LAST STATEMENT January 31.2003 DATE Won TRANSACTION DESCRIPTION SYMBCCCUSiP ccmlry PACE DEBIT AMOUNT CREDIT AMOUNT 0228/03 CLOSINGBALANCE 422,485.85 TOTAL $.1.544.33 51.544.33 DIVIDENDS DATE CESCRPTKIN SYMEMCVSIP IX/AMU RATE Ifs CEBIT AMOUNT CREDIT AMOUNT 02/20/03 HOSPITALITY PROPERTIES TRUST HPT 2.000 0.7200 1.440.00 SRI REC 01/23/03 PAY 02/20/03 02/21/03 HRPT PROPERTIES TR-SBI HRP 10.000 0.2000 2.00000 REC 01/17/03 PAY 02/21/03 TOTAL $3.440.00 INTEREST DATE MEGRIMS:IN SYMBO_CvStP CVANTITY RATE NI CEBIT AMOUNT CREDIT AMOUNT 0203/03 METROPOLITAN TRANSN AUTH N Y 2,000,000 1.698.62 1 FAP-2 0,000 RE 01%3/103PAYMBE 02/21/03 INTEREST ONCREDIT BALANCE 0.7500 79.79 AT 0 3,4% 01121 THRU 02.20 TOTAL $1,778.41 027 0.3131t03:13:32 001 V841 EFTA00200802 CLEARED THROUGH ITS witMY CA1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearns Seewitiel COrP. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York. New York 10179 Coo Mcoolesh Center HMO BCCCi001. New VC* 112014859 STEARNS JEFFREY EPSTEIN STATEMENT PERIOD January 1.2003 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEPHONE THROUGH January 31.2003 VISIT OUR WEBSITE iTIA1 uearstearns.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUSI3ER OR File LAST STATEMENT December 31.2002 Financial Summary 3 JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings 4 ATTN JEANNE BRENAN Transaction Detail 6 6100 RED HOOK MATER B-3 Fund Activity 6 ST THOMAS VI 00802 Your Messages 8 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURMES THIS PERM* 5,928,546 Cash 8 Equvalent —NW / 51 Cr-CM) $3.498.171 LONG ACCRUED INTEREST 1,774 $3.928.548 Equines — NET CREDIT BALANCE 90,329 ... $4.046.710 MONEY MARKET FUND BALANCE 420,942 Fixed $2.000.000 Income “O- $2.000.000 NET EQUITY THIS PERIOD $6,441,591 IN Current market value Last statements market value NET EQUITY LAST STATEMENT 9,547,300 CHANGE SINCE LAST STATEMENT -3,105,709 'Tin portfolio anucles an or moro unpaid socursos rat we not Moan in to Total YHA of Sowings ad the Not Em my Thls Porod There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Mono ropmi any Mann a contostiot of [NCI% or stocks, calcolod as dolicoma to you. INS SmYnSTY fc• tfOrnIneoel summits only It rateland natal &WW1 to Clem Sonion at 800611.1128: a -IM to Clam SONICOS M Som. Swann Sccumos Cal). Doe lAtreoloch Cools( Korth. BroeUri, NY 112014858 Sit Tin staternere should be manors, your records e1 momenta, mown nano, 027 0201.03:15:38 001 v640 EFTA00200803 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.levolech Cella North Brocklln• New VC* 11201.3859 JEFFREY EPSTEIN 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0201,03:15:36 001 V840 EFTA00200804 CLEARED 1HRWGH na vmOUv 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 COrP Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 0 -4 Mevolech Center North BrodCon. New Tuft II201.3SS9 STEARNS JEFFREY EPSTEIN 3 v. .” STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER KISSER On FIN PERIOD YEAS TO DATE THIS PERIOD LAST STATEMENT December 31.2002 Opening Balance $80,376.36 Dividends 1.510.00 1.510.00 Muni Bond Int. 1.968.49 1.968.49 Money Fund 3,003,146.58 Credit Balance Int. 52.92 52.92 Dividends Interest 9.953.01 Total $3,531.41 $3,531.41 Amount Credited $3.013.099.59 Money Fund -3.146.58 Funds Withdrawn -3,000.000.00 Portfolio Composition Amount Debited $.3 003 146.58 CashICash Equivalent 511,271 Net Cash Activity 9.953.01 Equities 3.928.546 Fixed Income 2.000.000 ClosingBalance $90,329.37 Total $6,439,817 Your Portfolio Allocation Cash Balance Summary CPO, r,G CLOSING Cash 80.376.36 90,329.37 Cash 8 Equivalent 7% Net Cash Balance $80.376.36 $90,329.37 Fixed Incom 31St Equities 62% I./nevem, pone, ' coma oar Dee, ce onto* Or, male aye, The ol000m ;events,' to awed from to otwol.te market rat), 01 Kv patio" 027 0201,01:16:36 001 V640 EFTA00200805 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC,M*1 Cory. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue Ore Momtech Center North BredCon. New VC* 112014869 STEARNS New Y New York 10179 JEFFREY EPSTEIN 4 STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER MASSER On File CASH & CASH EQUIVALENTS LAST STATEMENT December 31.2002 MARKET ESTIMATED CURPENT DESCRPTION SYMBOLCUSiP QUANTITY PRICE VALUE ANNJAL PONE VELD I%4 CASH BALANCE 90,329 DREYFUS TAX EXEMPT CASH DEI) 420,941.52 1.0000 420,942 4.630 1.0999 MANAGEMENT INSTL SH ESL 30 DAY AVG YIELD 10400% TOTAL CASH & CASH EQUIVALENTS $511,271 $4.630 EQUITIES Equities & Options SOOT MARKET Gummi) clIFIF6VT DESORPTION SYMBOLCUSIP TIPS OUANTITT PACE VALLE ANTOJAL INCOIAE YIELD 1%) CANHORN CHEMICAL CORP CNCPF CASH 19 Unprioed CROWN AMERICAN REALTY TRUST CWN CASH 5.000 9.0500 45.250 4.250 9.3923 FELCOR LODGING TRUST INC FCH CASH 2.000 10.4500 20.900 1.200 5.7416 GLENBOROUGH REALTY TRUST INC GLB CASH 2,000 16.7800 33.560 3.440 10.2503 GLIMCHER REALTY TRUSTSBI GRT CASH 2,000 17.5300 35,060 3.846 10.9698 HRPT PROPERTIES TR-SBI HRP CASH 10,000 8.3900 83.900 8,000 9.5352 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 32.4000 64.800 5,760 8.8889 881 JOHNSON& JOHNSON JNJ CASH 57,800 53.6100 3.098.658 47.396 1.5296 KRAMONT REALTY TRUST KRT CASH 2,000 14.9000 29,800 2,600 8.7248 PAN PACIFIC RETAIL PROPERTIES PNP CASH 436 36.6000 15.958 872 5.4643 INC RAMCO GERSHENSON PROPERTIES RPT CASH 12.000 19.9800 239.760 20.160 8.4084 TRUST-MD SBI 027 020143:16:36 001 V640 EFTA00200806 CLEARED THROUGH ns ?mow, °ME° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Best. Stows Soc.nker Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue 10179 O-4 Metselech Center North BecciOon. New VC* 11201.3859 STEARNS New York New York JEFFREY EPSTEIN 5 0 .” STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER MASSER On File LAST STATEMENT December 31.2002 Equities & Options (continued) ACCT MARKET ESTMATED CURIeff DESCRPTION SvkiBa,CuSik 119E OUANTITY PACE VALLE ANNUAL INCO1AE YELD NI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.1600 1.160 TOO INC TOO CASH 15.600 16.6500 259,740 Total Equities& Options $3.928.546 $97.524 TOTAL EQUITIES $3,928,546 $97.524 FIXED INCOME Municipal Bonds ACCT ACCFIUED =leg DESCRPRON SV14301)CLISP TYPE DUMMY PFICE MARKET VALLE INTEREST ANIMAL ESTIAMED INCOME YEW (14 METROPOLITAN TRANSN AUTH N Y CASH 2.000,000 100.0000 2.000.000 1,774 22,000 1.1000 REV RFDG-SER 0-2 DATED DATE 05/3002 BOOK ENTRY ONLY PAR CALL 02/27/2003 FSA INSURED DUE 11/01/2032 1.100% RATING: S&P A-1+ Total MunicipalBonds $2.000.000 $1.774 $22.000 TOTAL FIXED INCOME $2.000.000 $1.774 $22.000 YOUR TOTAL ACCRUED INTEREST $1,774 YOUR TOTAL ESTIMATED ANNUAL INCOME $124.154 YOUR PRICED PORTFOLIOHOLDINGS $6.439.817 027 0201,03:15:36 001 VE40 EFTA00200807 CLEARED THROUGH ITS 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON•PRI COP Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New Y New York 10179 Ore Metsolech Contp North Beano. New re* 1120/3969 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 Transaction Detail ACCCUNT NUMBER TAXPAYER WIPER On File INVESTMENT ACTIVITY LAST STATEMENT December 31, 2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION STME/OLCUSP OVANTITY emu DEBIT AMOUNT CHEM MONO 01/22/03 EXCHANGE CENTER TR INC -2,000 C009597 TO P004271 MERGERO,218 PAN PACIFIC 01/22/03 EXCHANGE PAN PACIFIC RETAIL PROPERTIES PNP 436 INC P004271 FROM 0009597 MERGER@,218 PAN PACIFIC TOTAL DEPOSITS AND WITHDRAWALS DATE TRANSACTI3N DiSCRVICN DEBIT AMOUNT CREDIT AMOUNT 01/08!03 FND WIREDTO 2.000.000.00 01/31/03 FND WIRED WIRED 10 1.000.000.00 TOTAL $-3.000.000.00 MONEY FUND ACTIVITY DATE MODAT TRYISACTIEN DESCRIPTION STIADOLOUSIP OUNIRITT PRCE MIT AMOUNT CREDIT AMOUNT 01/01/03 OPENINGBALANCE 3,417,794.94 01/02/03 REINVEST DREYFUS TM EXEMPT CASH DEIXX 3,146.58 3.146.58 MANAGEMENT INSTL SH DIVIDEND REINVESTED 027 0201,01:16:36 001 V640 EFTA00200808 CLEARED THROUGH ns vniotty OW,;(0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZeirns SON, t4,1 COO. Bear. Stearns & Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cc* Momtech Center North 0eock11n. New VC* 11201.3859 STEARNS JEFFREY EPSTEIN 7 c. STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER MAWR OT1FIle MONEY FUND ACTIVITY (continued) LAST STATEMENT December 31.2002 DATE thaDAT TRANSACTK81 DESCRIPTON SYMEWCVSIP awry PRICE DEBIT AMOUNT CREDIT AMOUNT 01/02/03 DIVIDEND DEW( 3,146.58 aNUAII/fIMTVEH CASH AMT INCWOED IN 2002 - 1099 01/08/03 SOLD DEll0( -2.000.000 1.0000 2,000,000.00 aNUAN CIMFTVET H CASH 01/31/03 SOLD DREYFUS TAX EXEMPT CASH DEW -1.000.000 1.0000 1,000,000.00 MANAGEMENT INSTL SH 01/31/03 CLOSINGBALANCE 420,941.52 TOTAL $-3,146.58 $3.003.146.58 DIVIDENDS DATE DESORPTION STMEICUCVSIP OWAFFITY RATE (S) DENT AMOUNT CREDIT AMOUNT 01/15/03 GLENBOROUGH REALTY TRUST INC GLB 2.000 0.4300 860.00 REC 01/01103 PAY 01/15/03 01/15/03 GLIMCHER REALTY TRUST-SRI GRT 961.60 CASH DIV ON 2000 SHS REC 12/31/02 PAY 01/1503 AMOUNT INCLUDED ON 2002-1099 01/17/03 CENTER TR INC 120.00 CASH DIV ON 2000 SHS REC 12/31/02 PAY 01/17103 AMOUNT INCLUDED ON 2002-1099 grifi761"VVENTAEXLIVYNUAT 2.000 0.3250 650.00 REC 01/0203 PAY 01/2003 01/21/03 RAMCO GERSHENSON PROPERTIES RPT 5.040.00 TRUST-MD Sal CASH DIV ON 12000 SHS REC 12/31/02 PAY 01/21103 AMOUNT INCLUDED ON 2002-1099 027 D201.03:15:36 001 VC,40 EFTA00200809 CLEARED IHRWOH ITS niCkly OW•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns Sec , t44 Cory. Bear. Stearns 8 Co. Inc. BEAR 383 Madison Avenue New York New York 10179 Cc* Mevolech Center North &Wort New Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 8 o STATEMENT PERIOD January 1.2003 THROUGH January 31.2003 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUUSER CO File DIVIDENDS (continued) LAST STATEMENT December 31.2002 DATE DESGRPTION SYMEICILICVSIP QUANTITY RATE tel DEBIT AMOUNT CREDO AMOUNT 01/31/03 FELCOR LODGING TRUST INC POI 300.00 CASH DN ON 2000 SHS REC 12/31/02 PAY 01/31/03 AMOUNT INCLUDED ON 2002-1099 TOTAL $7.931.60 INTEREST DATE OESCRVTION STME/CIAUSIP DUMMY RATE I% DEBT AMOUNT CREDO AMOUNT 01/02/03 METROPOLITAN TRANSN AUTH N Y 2,000,000 1.5000 1,968.49 Me d* FEY RRIG-SER D-2 01/21/03 INTEREST ON CREDIT BALANCE 0.7500 16.74 AT 0 3/4% 12/21 THRU 12/30 01121/03 INTEREST ON CREDIT BALANCE 0.7500 36.18 AT 0 3(4% 12/31 THRU 01/20 TOTAL $2.021.41 Your messages I1W during The interest, if any, charged to your account December 2002 was computed on the net debit balance through December 30, The interest, it any, charged to your account during January 2003 is computed from December 31, 2002, 027 0201,03:16:34 001 VB40 EFTA00200810