EFTA00200645

Statements EFTA00200645 CLEARED THROUGH ITS wHDLLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Sterns SOC‘rititl COO. Bear. Stearns & Co. Inc. BEAR New York. Nen York 10179 Cc* Metntech Conte( HORN Becck/on. New Tuft 112014559 STEARNS JEFFREY EPSTEIN STATEMENT PER100 Nanette( 30.2002 ACCOUNT EXECUTIVE LICHERMAKIRA TELEPHONE THROUGH December 31.2002 VISIT OUR WESSITE eintearsteams.com ACCOUNT NUMBER What's In This Statement Illlllllllllll III II TAXPAYER NUMBER On File LAST STATEMENT NOTernter 29. 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 7 Your Portfolio at a Glance Market Value of Your Portfolio Important Message II any information regarding Cash a Equvalent $3.498.171 2002interest. dividends. TOTAL VALUE OF SECURITIES THIS PERM' 6,046,710 $3,479,960 miscellaneous income. LONG ACCRUED INTEREST 2,419 gross proceeds or original Equities $4.046.710 issue discount is required NET CREDIT BALANCE 80,376 .. . ...... .::::= 'c'rn L?. $4,328.256 to be reported to the IRS for $2.000.000 this account, a MONEY MARKET FUND BALANCE 3,417,795 Fixed Consolidated Form 1099 Income $2.000.000 will be mailed to you by NET EQUITY THIS PERIOD $9,547,300 January 31.2O03or a IN Current market value 1042Sby March 17,2003. (SE Last statements market value NET EQUITY LAST STATEMENT 9.810,083 CHANGE SINCE LAST STATEMENT -262,783 'Ms portfolio odudits cm or mw uniton moons Mat an not Moan n to Total YHA 01 Sedans an! tho Not Elgin Res Pored There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza coon oaf drtoronn a roofocelot ol tees or stocks. calcolod as doltrototi to pau. 1/15 euTRNTY for derencael prawn only Risen entitled aca tai doan,n 10 Mot Ronan al 800614.1428: a y.oto to ChM SONICOS a Boat Steam &cones Cap.. Co. Innloch Cooke North. Brooilin, NY 112014559 Sit Tin statemore should be retailed for nor records Sea warn We for nporlare neonatal 027 OI.01.0309:30 001 VS39 EFTA00200646 CLEARED 1HROUGH RS YI110QY 0"E0 SUBSIDIARY Beer. Saea•ns Seca0k1 Dap. Ceol.letioloch Cantot North Broeklln• New Volt 11201.38$9 JEFFREY EPSTEIN 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 01,01,03:09:30 001 VS39 EFTA00200647 CLEARED THRO00H ONnEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC.r.htl Cap. Bear. Stearns & Co. Inc. BEAR New York. New York 10179 Cc* Mevolech Cella North Bt kiln. New Tuft 11201.3859 STEARNS JEFFREY EPSTEIN 3 ci STATEMENT PERIOD November 30.2002 THROUGH December 31.2002 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WEBER 011File MS PERIOD YEAR TO DATE THIS PERIOD LAST STATEMENT NOYeMte 29.2002 Opening Balance $64,926.08 Dividends 12.911.50 89,213.30 Other Dividends 2,760.53 42,794.94 Money Fund 2.760.53 Muni Bond Int. 2,494.52 5,352.05 Dividends Interest 15,450.28 Credit Balance Int. 44.26 1,849.01 Amount Credited $18.210.81 Total $18.210.81 $139.209.30 Money Fund -2.760.53 Bond Purchase Int. 0.00 -1,375.34 Margin Int. Paid 0.00 -6,516.67 Amount Debited $-2.760.53 Net Cash Activity 15.450.28 ClosingBatance $80.376.36 Portfolio Composition Cash/Cash Equivalent 3.498,171 Equities 4.046,710 Your Portfolio Fixed Income 2.000,000 Cash Balance Summary Allocation Mt. hG CLOSING Total $9,544,881 Cash 64.926.08 80.376.36 Net Cash Balance 364.926.08 $80,376.36 Cash 8 Equivalent 37% Equities 43% Fued Income—J 20% Undaded preens Canoe oat 014n.• *NW Or, woke, vetoes Tha elocalm revemar ts clewed Iron, Ua ebsoLte market rat), el >v., patkno 027 0UDUO3A9:30 001 V639 EFTA00200648 CLEARED THROUGH ITS vniCkLY OW•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,M*1 Cap. Bear. Stearns 8 Co. Inc. BEAR New YY New York 10179 Ore Metselech Cella North BecciOon. New VC* 112014869 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD November 30.2002 THROUGH December 31.2002 Your Portfolio Holdings ACCOUNT NUMBER TAXPAYER NUMBER On FIN CASH & CASH EQUIVALENTS LAST STATEMENT November 29.2002 MARKET ESTIMATED CURPENT DESCRPTION S•SIECL C.SLP QUANTITY PRICE VALUE AA.N.W. PUNE VELD IN4 CASH BALANCE 80,376 DREYFUS TAX EXEMPT CASH DEDC< 3,417,794.94 1.0000 3,417,795 44.431 1.3000 MANAGEMENT INSTL SH ESL 30 DAY AVG YIELD 13600% TOTAL CASH & CASH EQUIVALENTS $3,498,171 $44.431 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRPTION SYMBOL:CUSP DPE GUMMY PACE VALUE ANNUAL INCOLAE YELDN) CENTER TR INC CTA CASH 2,000 7.8000 15.600 480 3.0769 CANKIRN CHEMICAL CORP CNCPF CASH 19 Unprioed CROWN AMERICAN REALTY TRUST CWN CASH 5.000 9.2000 46.000 4.250 9.2391 FELCOR LODGING TRUST INC FCH CASH 2.000 11.4400 22,880 1,200 5.2448 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 17.8200 35,640 3,440 9.6521 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 17.7500 35,500 3,846 10.8338 HRPT PROPERTIES TR-SBI HRP CASH 10.000 8.2400 82.400 8,000 9.7087 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 35.2000 70.400 5,760 8.1818 SBI JOHNSON& JOHNSON JNJ CASH 57,800 53.7100 3.104.438 47,396 1.5267 KRAMONT REALTY TRUST KRT CASH 2,000 14.6500 29.300 2,600 8.8737 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 19.7500 237.000 20.160 8.5063 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 0.6400 640 027 01,01,0303:30 001 VE39 EFTA00200649 CLEARED THROUGH ITS ?mem.? CAM,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SOC‘r44,1 Cory. Bear. Stearns 8 Co. Inc. BEAR New York. New York 10179 0-41km:tech Contm North Bt kiln, New Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 5 c/ STATEMENT PERIOD NOYEMINN 30.2002 THROUGH December 31.2002 Your Portfolio Holdings (continued) ACCCUNT NUMBER TAXPAYER WESER ON File LAST STATEMENT NOYernte 29.2002 Equities & Options (continued) ACCT MARKET ESTEM79:, CURMSNIT DESCRPTION SYMBOUCUSIP DOE DUAMITY PACE VALUE ANNUAL INCOME YEW ITL/ TOO INC TOO CASH 15,600 23.5200 366,912 Total Equities& Options $4,046,710 $97,132 TOTAL EQUITIES $4,046,710 $97,132 FIXED INCOME Municipal Bonds ACCT ACCRUED ESTIMATED DARROW DESCRPRON SWMOLCI.ISP TYPE GUMMY PRICE MARKET VALUE liDEFEST ANKIAL INCOME YEW iv4 METROPOLITAN TRANSN AUTH NY CASH 2.000.000 100.0000 2.000.000 2,419 30.000 1.5000 REV RFDG-SER D-2 DATED DATE 05130/02 BOOK ENTRY ONLY PAR CALL 01/30/2003 FSA INSURED DUE 11/01/2032 1.500% RATING: S&P A-1+ Total MunicipalBonds $2,000,000 $2,419 $30,000 TOTAL FIXED INCOME $2.000.000 $2.419 $30,000 YOUR TOTAL ACCRUED INTEREST $2.419 YOUR TOTAL ESTIMATED ANNUAL INCOME $171,563 YOUR PRICEDPORTFOLIOHOLDINGS $9.544.881 02? 010103:09:30 031 yam EFTA00200650 CLEARED THRWGH ITS wisCALY OMB.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZAIrns SON, BRI COO Bear. Stearns & Co. Inc. BEAR New YY New York 10179 Ore Metscimh Centm North Beccioon. New TA* 11201.3859 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD November 30.2002 THROUGH December 31.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER KAMER On FOB MONEY FUND ACTIVITY LAST STATEMENT NOYEMOM 29.2002 DATE LODAY TRAN,StCION DESCRIPTON SYMBOLMUSIP WANTITY APACE DEBIT AMOUNT CREDIT AMOUNT 11/30/02 OPENINGBALANCE 3.415.034.41 12/02/02 DIVIDEND DEEM 2,760.53 igaRAM FTVET H CASH MONTHLY DIVIDEND 12/02/02 REINVEST DREYFUS TAX EXEMPT CASH DE1XX 2.760.53 2.760.53 MANAGEMENT INSTL SH DIVIDEND REINVESTED 12/31/02 CLOSINGBALANCE 3.417.794.94 TOTAL $-2.760.53 $2/60.53 DIVIDENDS D4-E DESORPTION STMEIMAUSIP OVANTITT RATE lOI DEBIT AMOUNT can't Amount 12/10/02 JOHNSON& JOHNSON JNJ 57500 0.2050 11549.00 REC 11/19/02 PAY 12/10/02 12/20/02 CROWN AMERICAN REALTY TRUST CWN 5.000 0.2125 1.062.50 REC 12+09/02 PAY 12+20/02 TOTAL $12.911.50 INTEREST DATE DESCRIPTOR STAIDOLCUSIP 0 -AMITY RATE CEBU AVOW CREW /MCUHT 12/02/02 METROPOLITAN TRANSN AUTH N Y 2,000,000 2.494.52 FEY RRIG-SER D-2 RP-8 V iNg30000nCISb REC 11+29102 PAY 12102102 07/ 01 01 03:3930 OCT vi;39 EFTA00200651 CLEARED THROUGH ITS 1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Steers SeerTer Dap. Bear. Stearns 8 Co. Inc. BEAR 0 -41km:tech Contm North Bt kiln. New Ye* 112014859 STEARNS New York. New York 10179 JEFFREY EPSTEIN 7 CI STATEMENT PERIOD November 30.2002 THROUGH December 31.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER OR File INTEREST (continued) LAST STATEMENT NOYernte 29.2002 DATE DESORPTION SYMECTACUSIF MANION, RITE I%) DEBIT Amount CREDIT AMOUNT 12/23/02 INTEREST ON CREDIT BALANCE 0.7500 44.26 AT 0 3/4% 11/21 THRU 12/20 TOTAL $2,538.78 Your messages Florida residents who own, manage, or control stocks, bonds, money As part of the National Association of Securities Dealers (NASD) market or mutual funds having a value of $20,000 or more for Investor Education Program, you may obtain information on the individuals or $40,000 for married couples filing jointly must pay a tax NASD's Public Disclosure Program by contacting the NASD at on these items, called Intangible Tax', by June 30 to avoid increased telephone number (SOO) 289.9999 or via the intemet address which is penalties. For Tax Returns and information, call the Department of www.nasdr.com. In addition, a brochure explaining the Public Revenue at 1.800.352.3671. Disclosure Program is available from the NASD upon request. End of Statement 027 01/01103:09:30 001 Vt39 EFTA00200652 CLEARED THRWGH NS YIIICILY CMh.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Strums $00,201 Gan. Bear. Stearns & Co. Inc. BEAR New York New York 10179 Ce4 MetsOICCh Coma North Beak/on. New VC* 11201.3859 STEARNS JEFFREY EPSTEIN STATEMENT PERK* Octoter 26.2002 ACCOUNT EXECUTIVE ZICHERMAN,IRA TELEPHONE THROUGH Noventer 29.2002 VISIT OUR WEBSITE www.uearstearns.com ACCOUNT NUMBER What's In This Statement 1111,111,11111111 II TAXPAYER WESER On Ale LAST STATEMENT Octoter 25.2002 Financial Summary 3 JEFFREY EPSTEIN 4 CIO FINANCIAL TRUST COMPANY Your Porttolio Holdings 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 8 Equvalent $3.479.960 TOTAL VALUE OF SECURITIES THIS PERED• 6,328,256 $2.040.519 LONG ACCRUED INTEREST 1,867 I $4.328.256 Equines — NET CREDIT BALANCE 64,926 84.287.827 MONEY MARKET FUND BALANCE 3,415,034 Axed $2.000.000 Income $2.000.000 NET EQUITY THIS PERIOD $9,810,083 Current market value {IM Last statement's market value NET EQUITY LAST STATEMENT 8,330,733 CHANGE SINCE LAST STATEMENT 1,479,350 pOftt0110 fidudOS OW or mw toripOCOCI sacuttos fat we not totoctact m to Total YHA of SotoDos ard ma Not flay Tlis Portal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. P1050 rood ant delbronoo a *animate of Chid% or MOCKS, calcolocl as doltrogoa to pau. tin 9001MTY D Va dOemathanal panne* Okra alortdad as a tat 0Minlar1 10 Chill Santo. al 8006114428: a 'Mt to Clore SONIC.. M Boot Steam &conies Ties staternsrd should Ds retailed for your words See mem se for mpodort recasstum Cap.. Cho lAetoloth Cool, North. BrooNri, NY 112014859 027 11,2002:14:25 001 V638 EFTA00200653 CLEARED 1HROUGH ITS vrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 Dap. CeolActsolech Cantot North Broeklln• New Tuft 11201.3859 JEFFREY EPSTEIN 2 or 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 11,3002:14:25 001 VS38 EFTA00200654 CLEARED THROUGH ITS wriCtLY OUO.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SONX*1 COO. Bear. Stearns 8 Co. Inc. BEAR New York. New York 10179 Cc* Mevolech Center North 0t kiln. New To* 11201.3559 STEARNS JEFFREY EPSTEIN 3 ci STATEMENT PER100 October 26.2002 THROUGH Novernter 29.2002 ACCCUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AVUSER On File 16 PERICO YEAR TO DATE THIS PEFIC0 LAST STATEMENT Water 25.2002 Opening Balance $29.973.64 Dividends 3,740.00 76,301.80 Other Dividends 4,488.99 40,034.41 Money Fund 4,488.99 Muni Bond Int 2,857.53 2.857.53 Funds Deposited 1,428,297.00 Credit Balance Int. 57.91 1,804.75 Dividends/Interest 6.655.44 Total $11,144.43 $120,998.49 Amount Credited $1,439,441.43 Bond Purchase Int. 0.00 -1,375.34 Money Fund -1,404.488.99 Margin Int. Paid 0.00 -6,516.67 Amount Debited $-1 404 488.99 Net Cash Activity 34.952.44 Portfolio Composition ClosingBatance $64.926.08 CashiCash Equivalent 3.479,960 Equities 4.328,256 Your Portfolio Fixed Income 2.000,000 Allocation Cash Balance Summary Total $9.808.216 GCMG CL0SNG Cash 29,973.64 64,926.08 Net Cash Balance $29,973.64 $64,926.08 Cash & Equivalent 36% Equities 44% unomooti potions 00n0* Coot beano, omit., sko•I motet voXos The 'torahs. rememco m Bo•ued Iron, Uo tiOSOLte 'recto rakoe 01 >v., pxrrolo 027 11,30902:14:25 001 V638 EFTA00200655 CLEARED THROUGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 COrP Bear. Stearns 8 Co. Inc. BEAR New YY New York 10179 Cc* Metselech Center North BecciOon. New Ye* II201.38S9 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD October 26.2002 THROUGH Noverncer 29.2002 Your Portfolio Holdings ACCCUNT women TAXPAYER MASER On Foe CASH & CASH EQUIVALENTS LAST STATEMENT October 25.2002 MARKET ESTIMAIED CURPENT DESCRPTION SIMBOLCUSIP QUANTITY PACE VALUE ANNUAL 0103.AC v0.0 IN CASH BALANCE 64.926 DREYFUS TAX EXEMPT CASH DE= 3.415.034.41 1.0000 3.415.034 51.226 1.5000 MANAGEMENT INSTL SH EST, 30 DAY AVG YIELD 1.1400% TOTAL CASH & CASH EQUIVALENTS 53.479,960 $51.226 EQUITIES Equities & Options ACCT NIARRE1 ESTIMATED CURRENT DESCRPTION SYMBOLCUSIP DPE GUMMY PACE VALUE ANNUAL INCOIAE YIELD IN4 CENTER TR INC CTA CASH 2,000 7.6900 15.380 480 3.1209 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN CASH 5.000 9.4400 47.200 4.250 9.0042 FELCOR LODGING TRUST INC FCH CASH 2.000 11.8900 23.780 1,200 5.0463 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 17.2500 34.500 3,440 9.9710 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 16.5000 33.000 3,846 11.6545 HRPT PROPERTIES TR-SBI HRP CASH 10.000 8.3700 83.700 8,000 9.5579 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 34.1000 68.200 5,760 8.4457 S81 JOHNSON& JOHNSON JNJ CASH 57,800 57.0200 3.295.756 47,396 1.4381 KRAA4ONT REALTY TRUST KRT CASH 2,000 14.8500 29.700 2,600 8.7542 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 19.8600 238.320 20.160 8.4592 TRUST-MD SEU SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 0.8600 860 027 11,3002:14:25 001 VES8 EFTA00200656 CLEARED THROUGH ITS niCkLY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bow. Freers Seenter Cory. Bear. Steams & Co. Inc. BEAR New York. New York 10179 OtoMeentech Contm North BecciCon. New Ye* I I20I.38S9 STEARNS JEFFREY EPSTEIN 5 ti STATEMENT PER100 October 26.2002 THROUGH November 29.2002 Your Portfolio Holdings (continued) ACCCUNT NUMBER TAXPAYER WEBER On Foe LAST STATEMENT October 25.2002 Equities & Options (continued) ACCT MARKET ESTRUM/ CURFEW DESCRPTION SYMBOUCUSIP TOE OUAMITY PRCE VALLE ANNUAL INCOIAE YEW ITL/ TOO INC TOO CASH 15,600 29.3500 457,860 Total Equities& Options $4,328,256 $97.132 TOTAL EQUITIES $4,328,256 $97,132 FIXED INCOME Municipal Bonds ACCT ACCRUED ESTIMATED CURFEW I/MR.1110N SWMOLCUSP TYPE OUANMY PRICE MARKET VALUE PRETEST ANNUAL INCOME YEW N METROPOLITAN TRANSN AUTH NY CASH 2.000.000 100.0000 2.000.000 1,867 24,000 1.2000 REV RFDG-SER D-2 DATED DATE 05130t02 B00K ENTRY ONLY PAR CALL 12/25/2002 FSA INSURED DUE 11/01/2032 1,200% RATING: S&P A-1+ Total MunicIpalBonds $2.000.000 $1.867 $24,000 TOTAL FIXED INCOME $2.000.000 $1,867 $24,000 YOUR TOTAL ACCRUED INTEREST $1.867 YOUR TOTAL ESTIMATED ANNUAL INCOME $172.358 YOUR PRICEDPORTFOLIOHOLDINGS $9,808,216 027 114002:14:25 001 Vt3S EFTA00200657 CLEARED THROUGH NS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Ereirn5 SON, t4,1 COO. Bear. Stearns 8 Co. Inc. BEAR New York. Nen York 10179 CeoLletsolech Cent og North BecciOon. New Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 6 0 STATEMENT PERIOD October 26.2002 THROUGH November 29.2002 Transaction Detail ACCOUNT NUMBER TAXPAYER MAWR On File DEPOSITS AND WITHDRAWALS LAST STATEMENT October 25.2002 GATE TRANS/COM DESCRPTICN CEBIT Ammer CREDIT AMOUNT 11/19/02 FUNDS REC FND TO CITIBANK FROM 1,428,297.00 TOTAL $1,428,297.00 MONEY FUND ACTIVITY DATE MOAT TRINSICIEN DESCRIPTION SYMBOUCLISIP OUANTRE PRCE DEBIT AMOUNT CREDIT AMOUNT 10/28/02 OPENINGBALANCE 2,010,545.42 11/01/02 DIVIDEND DREYFUS TAX EXEMPT CASH DEIXX 4.488.99 MANAGEMENT INSIL SH MONTHLY DIVIDEND 11/01/02 REINVEST DREYFUS TAX EXEMPT CASH DEA% 4.488.99 4.488.99 MANAGEMENT INSIL SH DIVIDEND REINVESTED 11/20/02 BOUGHT DREYFUS TM EXEMPT CASH DEIXX 1.400.000 1.0000 1.400.000.00 MANAGEMENT INSTL SH 11/29/02 CLOSINGBALANCE 3,415,034.41 TOTAL $-1,404.488.99 54.488.99 DIVIDENDS DATE CESCRIPTION STME/CIJCVSIP CCANTITI RATE lo DEBIT AMOUNT CREDIT AMOUNT 10/31/02 FELCOR LODGING TRUST INC FCH 2.000 0.1500 300.00 REC 10HOD2 PAY 10/3I/02 027 I U3002:14:25 031 v638 EFTA00200658 CLEARED THROUGH ITS O1EAE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Stetrns SOC‘r44,1 COO. Bear. Steams 8 Co. Inc. BEAR New York. New York 10179 Cc* Metiotech Center North Bt kiln, New Ye* 11201.3659 STEARNS JEFFREY EPSTEIN 7 CI STATEMENT PER100 October 26.2002 THROUGH November 29.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER OR Foe DIVIDENDS (continued) LAST STATEMENT October 25.2002 DATE DESCRPTION STMOCCCUSIP OVANTRY RATE 161 DEBIT AMOUNT M1E0IT AMOUNT 11/21/02 HOSPITALITY PROPERTIES TRUST HPT 2.000 0.7200 1,44000 Sal REC 10/25102 PAY 1112I/02 11/27/02 HRPT PROPERTIES TR-SBI HRP 10.000 0.2000 2.000.00 REC 1012202 PAY 11/22/02 TOTAL $3.740.00 INTEREST DATE DESCRIPTKIN SYMECLICUSP OUANNW RATE IN: DEEM AMOUNT MDR AMOUNT 11/01/02 METROPOLITAN TRANSN AUTH N Y 2,000,000 2,857.53 REV REDG-SER D-2 16 1 REG UPIA 3180000% : , • REC 10131/02 PAY 11/01/02 11/21/02 INTEREST ON CREDIT BALANCE 1.2500 17.21 AT 1 1/4% 10/21 THRU 11!05 11/21/02 INTEREST ON CREDIT BALANCE 0.7500 40.70 AT 0 3,4% 11,06 THRU 11.20 TOTAL $2.915.44 End of Statement 027 11/90.02:14:25 001 VESS EFTA00200659 CLEARED THROLGT4 ITS YiliDsLY °MED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beef. Stea,n5 STIC,,I0t1 Cap. Bear. Stearns 8 Co. Inc. BEAR New York New York 10179 D-4 Metsolech Coma North &odd's. Hex rot MOI-3.359 STEARNS JEFFREY EPSTEIN STATEMENT PERIOD September 28.2002 ACCOUNT EXECUTIVE LICHERMAN.IRA TELEPHONE THROUGH October 25.2002 VISIT OUR ViESSITE 6'/A1 uear st earns.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIIIIIII II TAXPAYER MASER On File LAST STATEMENT September 27.2002 Financial Summary 3 JEFFREY EPSTEIN 4 CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings ATTN JEANNE BRENAN Transaction Detail 6 61OO RED HOOK (WATER B-3 Fund Activity 6 ST THOMAS VI OO8O2 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERM' 6,287,827 Cash 8 Eqmalent ANOIIIMILPA 404 11.„ ccM $6.027597 LONG ACCRUED INTEREST 2,387 $4.287.827 Equines NET CREDIT BALANCE 29,974 ......... $4.140342 MONEY MARKET FUND BALANCE 2,O1O,545 Fixed 52.000.000 Income 80 NET EQUITY THIS PERIOD $8,330,733 Current market value am Last statements market value NET EQUITY LAST STATEMENT 1O,167,939 CHANGE SINCE LAST STATEMENT -1,837,2O6 'This portfolio odudos cm or more unpitmel socuttes fat are not Mooted Mt* Total Vatm of Swages ere the Net Equity Thls Patel There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roza repati oaf Orterortoo a nooroceirt of Mocks or Maks. odicaled z clelkereci to ,Tu. Ad. Tka SITmTON fa mf0TIMIT0rtel MAWS,. otEy Pk not Pleaded as a TM tt0tanieN 10 Gent &mem al 500614.1428: a yet to Clad SNOT.. at Bow. Smarm &canes Ths Ratessere should be Maned for yaor reards Samara rake ryaunt recnnatan Cap. One IA/holed, Canto. Roth. BrooIlmi, NY II201-3864 027 10.2602:IOQI 001 TES7 EFTA00200660 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 of STATEMENT BACKER IS PRINTED ON THIS PAGE 021 102802:10:31 001 Y627 EFTA00200661 CLEARED 1HRWGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns Cory. Bear. Stearns 8 Co. Inc. BEAR Nevi York. Nen York 10179 Ore Mevolech Conte NOM Beccilon. New Year I1201.38S9 STEARNS JEFFREY EPSTEIN 3 o STATEMENT PERIOD September 28.2002 THROUGH October 25.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER OR File THIS PEFICO 116 PERIOD YEAR TO DATE LAST STATEMENT SepleMbet 27.2002 Opening Balance $23,693.89 Dividends 7.631.60 72,561.80 Other Dividends 6.642.84 35,545.42 Money Fund 4,006,642.84 Credit Balance Int. 25.99 1.746.84 Dividends Interest 7,657.59 Total $14,300.43 $109,854.06 Amount Credited $4.014.300.43 Bond Purchase Int. -1.375.34 -1,375.34 Securities Bought -2.000.002.50 Margin Int. Paid 0.00 -6,516.67 Money Fund -6.642.84 Funds Withdrawn -2,000.000.00 Dividends Interest Charged -1.375.34 Portfolio Composition Amount Debited $-4,008,020.68 Cashleash Equivalent 2.040.519 Equities 4.287.827 Net Cash Activity 6,279.75 Fixed Income 2.000.000 ClosingBatance $29,973.64 Your Portfolio Total $8.328.346 Allocation Cash Balance Summary CLOSING Cash 8 Equivalent 25% Cash 23.693.89 29.97164 Net Cash Balance $23.693.89 $29.973.64 Equities 51% Fred Income 24% UnWootol romons eenme eel 0len°, onto* lm•l male wive, The Mowry. ;even'.• to owed ken to oble.te mole rat), of >es polkoo 027 162602:10:M 001 V637 EFTA00200662 CLEARED THROUGH ITS vrtiCkLY ODDEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearns SODA.* Cory. Bear. Steams & Co. Inc. BEAR Nenv YY New York 10179 Ore Metselech Center North Beccidon. New VC* 11201.3859 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD SepteMbef 28.2002 THROUGH October 25.2002 Your Portfolio Holdings ACCCUNT NUMBER TAXPAYER NUMBER OR File CASH & CASH EQUIVALENTS LAST STATEMENT Septette( 27.2002 MARKET ESTIMATED CURRENT MCP:PROS SIMBOLCUSiP OUANTITT PRICE VALUE AMU& INCOME yea rq CASH BALANCE 29,974 DREYFUS TAX EXEMPT CASH DEI) 2,010,545.42 1.0000 2,010,545 26,137 1.3000 MANAGEMENT INSTL SH ESL 30 DAY AVG YIELD 1.5700% TOTAL CASH & CASH EQUIVALENTS $2.040,519 $26.137 EQUITIES Equities & Options ACCT MARRE1 ESTRUM() CURRENT DESCR.11011 SYMBOLCUSIP 119E DUMMY PACE VALLE ANMJSL INCOME DELON) CENTER TR INC CTA CASH 2,000 6.0500 12.100 480 3.9669 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN CASH 5.000 8.9500 44,750 4.250 9.4972 FELCOR LODGING TRUST INC FCH CASH 2.000 11.0700 22,140 1,200 5.4201 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 19.5400 39,080 3,440 8.8025 GLIMCHER REALTY TRUST-SS' GRT CASH 2.000 17.2200 34.440 3.846 11.1672 HRPT PROPERTIES TR-SBI HRP CASH 10.000 8.0500 80.500 8.000 9.9379 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 32.0000 64.000 5.760 9.0000 S81 JOHNSON& JOHNSON JNJ CASH 57,800 57.7600 3.338.528 47,396 1.4197 KRAMONT REALTY TRUST KRT CASH 2,000 14.2200 28.440 2.600 9.1421 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 19.1000 229.200 20.160 8.7958 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 0.7490 749 027 162602:10:31 001 V637 EFTA00200663 CLEARED THROUGH ITS WIIOUv 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SON, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR New York. New York 10179 Cc* Montech CarrIN North Beccmon, New Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 5 STATEMENT PERIOD Sept!Mbef 28.2002 THROUGH October 25.2002 Your Portfolio Holdings (continued) ACCCUINIT NUMBER TAXPAYER KINSER OR File LAST STATEMENT SepleMbet 27.2002 Equities & Options (continued) ACCT MARKET ESTRUM° CURFEW DESORPTION SYMBOUCUSIP TIDE OUAMITY PRCE VALUE ANNUAL iNCOIAE YEW N TOO INC TOO CASH 15,600 25.2500 393.900 Total Equities& Options $4.287.827 $97.132 TOTAL EQUITIES $4,287,827 $97,132 FIXED INCOME Municipal Bonds ACCT ACCFIUE0 ESTIAMED CURFEW DESCRWMON 517MOLCUSP TYPE GUMMY PRICE MARKET VALUE MEREST MORAL INCOIAE YEW Pit METROPOLITAN TRANSN AUTH NY CASH 2.000.000 100.0000 2.000.000 2,387 37.000 1.8500 REV RFDG-SER D-2 DATED DATE 05/30/02 BOOK ENTRY ONLY PAR CALL 11/21/2002 FSA INSURED DUE 11/01/2032 1.850% RATING: S&P A-1+ Total MuniolpalBonds $2.000.000 $2.387 $37,000 TOTAL FIXED INCOME $2.000.000 $2.387 $37,000 YOUR TOTAL ACCRUED INTEREST $2,387 YOUR TOTAL ESTIMATED ANNUAL INCOME $160.269 YOUR PRICEDPORTFOLIOHOLDINGS $8.328.346 027 102802:10:31 001 Y637 EFTA00200664 CLEARED THROUGH ITS YnIOLLY OtM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 Cap. Bear. Stearns 8 Co. Inc. BEAR New YY New York 10179 Ore Mem:tech Contm North Beccmon. New Ye* 11201.38S9 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD September 28.2002 THROUGH October 25.2002 Transaction Detail ACCOUNT! NUMBER TAXPAYER AMBER OR File INVESTMENT ACTIVITY LAST STATEMENT September 27, 2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION STMEOLCUSE WARM' PRIDE DEED AMOUNT CROW AMOUNT 10/17/02 10/17/02 BOUGHT METROPOLITAN TRANSN AUTH N Y 2.000.000 100.00000 2,000,002.50 REV RFDG-SER D-2 ACCR. INT. 1,375.34 DUE 11/01/2032 01,750% SUBJ TO EXTRA OFID CALL THIS SECURITY HAS PUT FEATURES ADDITIONAL PFORMATION WILL BE PROVIDED UPON REQUEST A_ $-2.001.377.84 DEPOSITS AND WITHDRAWALS DATE TRANSO.CTO. DESCRPTION DEBIT AMOUNT CREDIT AMOUNT 10/11/02 END WIRED imuppligns D TO 2.000.000.00 TOTAL $-2.000.000.00 MONEY FUND ACTIVITY DATE MGDAY TRANSACTOR DESCRIPTOR SYMECUCVSIP Oatrr PRISE OMIT AMOUNT CREDIT AMOUNT 09/28/02 OPENINGBALANCE 6.003.902.58 10/01/02 DIVIDEND anumweri MONTHLY DIVIDEND CASH DEIXX 6,642.84 10/01/02 REINVEST DEIXX 6.642.84 6.642.84 aNUAM CIMWET H CASH DIVIDEND REINVESTED 10/11/02 SOLD DREYFUS TAX EXEMPT CASH DEIXX -2.000.000 1.0000 2.000.000.00 MANAGEMENT INSTL SH 027 162602:10:31 001 V637 EFTA00200665 CLEARED THROWN ITS vmOUY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns S0N, t4,1 Cory. Bear. Stearns 8 Co. Inc. BEAR New York. New York 10179 Cc* Meesetech Center North Bt kiln, Hew VC* 11201.3859 STEARNS JEFFREY EPSTEIN 7 ci STATEMENT PERIOD Septeater 28.2002 THROUGH October 25.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMBER On Fite MONEY FUND ACTIVITY (continued) LAST STATEMENT Septembei 27.2002 DATE ICON TRANSACTIEN DESCRIPTPN SYMBOUCUSIP WANTRY PRICE DEBIT AMOUNT CREDIT AEIDINT 10/17/02 SOLD DEIXX -2,000.000 1.0000 2,000,000.00 FAA 3M CASH 10/25/02 CLOSINGBALANCE 2.010.545.42 TOTAL 8-6.642.84 54.006.642.84 DIVIDENDS DATE DESCRIPTION SYMEICL.CUSIP WINTRY RATE ($ DEW AAIDUT GRUNT AMOUNT 10/15/02 GLENBOROUGH REALTY TRUST INC GIB 2.000 0.4300 860.00 REC 10/01/02 PAY 10/15102 10/15/02 GLIMCHER REALTY TRUST-SBI GRT 2.000 0.4808 961.60 REC 09130/02 PAY 10/15102 10/15/02 RAMCO GERSHENSON PROPERTIES RAT 12.000 0.4200 5.040.00 TRUST-MD SBI REC 09130/02 PAY 10/15.102 10/18/02 KRAMONT REALTY TRUST KRT 2.000 0.3250 650.00 REC 09/27/02 PAY 10/18102 10/21/02 CENTER TR INC CTA 2.000 0.0600 120.00 REC 09,30102 PAY 10t21,02 TOTAL $7,631.60 INTEREST DATE DESCRIPTION STMEICIAUSIP OVANTRY RATE I%4 CENT AMOUNT ciaEMI AMOUNT 10/21/02 INTEREST ON CREDIT BALANCE 1.2500 25.99 AT I 1/4% 09121 THRU 10120 TOTAL $25.99 027 1O,26.O2:1O:31 001 VO7 EFTA00200666 CtEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Seer. Stearns Sawlike Corp. Bear Stearns & Co. Inc. BffiR Ono Metrotech Center Hone 13nxIdgn. Neer Yak 1120/.3859 STMRNS New Y New York 10179 JEFFREY EPSTEIN STATEMENT PER«) August 31.2002 ACCOUNT EXECUTIVE II::HERMAN.IRA TELEPHONE THROUGH Septemter 27.2002 VISIT OUR WEBSITE ewwbearstearrts.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER NUMBER On File LAST STATEMENT August 30.2002 Financial Summary 3 JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings 4 ATTN JEANNE BRENAN Transaction Detail 5 6100 RED HOOK OUATER B-3 Fund Activity 5 ST THOMAS VI 00802 Your Messages 7 Your Portfolio at a Glance Market Value of Your Portfolio Important Message Confirmation: Unless we Cash & Equallent — 56.027.597 hear from you to the TOTAL VALUE OF SECURITIES THIS PERI)0 4.140.342 P DIU I ttleing $6.007.003 contrary. it is our NET caEorr BALANCE 23.694 Equities 01/0~~O~I $4.140.342 understanding that any free credit balances in your MONEY MARKET FUND BALANCE 6,003.903 $4.103.574 account are being maintained to facilitate NET EQUITY THIS PERIOD $10.167,939 - Current market value your intention to invest Last statements maket value such amounts through us. NET EOUITY LAST STATEMENT 10,110.577 CHANGE SINCE LAST STATEMENT 57.362 -nn ~olio eduslee as or more arced mamba awl ere not retested n K Taal Vele of &wises and the Net Epee/ The Penzt There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Rome tined oaf Cilbror00 Or MOIOCTIV al Credit or mocks. inacoial as datnifed la >to. Tin SLOYMY Is ter Walearenal imposes SOTO net room as a tar *Cat To Clem Sony of 800614.14211: or yarn to Cam Sorvicos M Boa Steam &canes Cap.. Co. Marekch Center Henn. Brookhn, N.Y 112014859 a/ Toe Maternal amid be manse for your records See reverse sale for itmeatert ntormaton 027 OS2802:13:15 001 Y436 EFTA00200667 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Volt 11201.3859 JEFFREY EPSTEIN 2 of $ STATEMENT BACKER IS PRINTED ON THIS PAGE 021 OS2802:13:15 001 V636 EFTA00200668 CLEARED 1HRWGH nS YrisC5LY O95.EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stea•ns S0C,M*1 C010 Bear. Stearns & Co. Inc. BEAR New York. Nett York 10179 O-4 Mem:Icon Cantof North Beccioon. New Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 3 n/1 STATEMENT PERIOD Papal 31.2002 THROUGH September 27.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File THIS PEFICO 718S PEN® YEAR TO DATE LAST STATEMENT August 30.2002 Opening Balance $10,766.17 Dividends 12.911.50 64,930.20 Other Dividends 7.665.09 28,902.58 Money Fund 7,665.09 Credit Balance Int. 16.22 1,720.85 Dividends/Interest 12,927.72 Total $20,592.81 $95,553.63 Amount Credited $20,592.81 Margin Int. Paid 0.00 -6,516.67 Money Fund -7.665.09 Amount Debited $-7.665.09 Net Cash Activity 12,927.72 Portfolio Composition Cash/Cash Equivalent 6.027,597 ClosingBatance $23,693.89 Equities 4.140,342 Total $10,167,939 Your Portfolio Cash Balance Summary Allocation Ont. AO CLOSINO Cash 10.76817 23,69389 Net Cash Balance $10,766.17 $23,693.89 Equities 40% Cash & Equivalent 60% Untettlefl p0,00.4 eon,* Oar "nonce onto Orr male vela, ha element. ;event'', tepee." lien Va otnol.te market rat), pi Ku, Mlle", 027 OS2802:12:15 001 VE3G EFTA00200669 CLEARED THROUGH ITS niCkLY CAM,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.r.htl C0,0 Bear. Stearns 8 Co. Inc. BEAR New York 10179 Ore Mem:leen Center North Bt kiln. New VC* 11201.3869 STEARNS Nenv YY JEFFREY EPSTEIN 4 STATEMENT PERIOD Pape! 31.2002 THROUGH Sects...rite, 27.2002 Your Portfolio Holdings ACCCUNT NUMBER TAXPAYER MAGER On File CASH & CASH EQUIVALENTS LAST STATEMENT August 30.2002 MARKET ESTIMATED CURPENT DESCRPRON SIMBOLCUSIP QUANTITY PRICE VALUE ANNUAL INCOME 10.0 V..) CASH BALANCE 23,694 DREYFUS TAX EXEMPT CASH DE= 6.003.902.58 1.0000 6.003.903 78.051 1.3000 MANAGEMENT INSTL SH ESL 30 DAY AVG YIELD 1.4900% TOTAL CASH & CASH EQUIVALENTS 8,6,027,597 $78.051 EQUITIES Equities & Options ACCT AIATOCEI ESTIMATED CURROVI DESCRPTION SYMBOL:CUSP TOE OLIANTITY PACE VALUE ANNUAL INCOME YIELD 1%) CENTER TR INC CTA CASH 2,000 5.9000 11.800 480 4.0678 CANICAN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN CASH 5.000 9.3000 46.500 4.250 9.1398 FELCOR LODGING TRUST INC FCH CASH 2.000 13.1400 26,280 1,200 4.5662 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 20.2000 40,400 3,440 8.5149 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 18.5100 37.020 3,846 10.3890 HRPT PROPERTIES TR-SBI HRP CASH 10.000 8.2000 82.000 8,000 9.7561 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 33.4100 66.820 5,760 8.6202 Sal JOHNSON& JOHNSON JNJ CASH 57,800 55.1000 3.184.780 47,396 1.4882 KRAMONT REALTY TRUST KRT CASH 2,000 14.9500 29,900 2,600 8.6957 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 19.3300 231.960 20.160 8.6912 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.1500 1.150 027 DB2S132:13:15 001 V636 EFTA00200670 CLEARED THROUGH ITS CAM•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0C,r44,1 Cory. Bear. Stearns & Co. Inc. BEAR New York. New York 10179 Ore Mem:tech Contm North Bt kiln. New Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 5 c/ STATEMENT PERIOD August 31.2002 THROUGH Septernter 27.2002 Your Portfolio Holdings (continued) ACCCUNT NUMBER TAXPAYER WESER Cfl File LAST STATEMENT August 30.2002 Equities & Options (continued) ACCT imPHEI EST11l0TE0 CURMSNIT DESORPTION SYMBOUDISIP TYPE DUAMITT PACE VALUE ANNUAL NCOME YEW D14 TOO INC TOO CASH 15,600 24.4700 381.732 Total Equities& Options $4.140.342 997,132 TOTAL EQUITIES $4.140.342 997,132 YOUR TOTAL ESTIMATED ANNUAL INCOME $175.183 YOUR PRICED PORTFOLIOHOLDINGS $10.167.939 Transaction Detail MONEY FUND ACTIVITY DATE LO3'DAY TRANSACTOI DESCRIPTICOI SYLIDX/CtISIP DUMMY PRCE DEBIT AMOUNT CREDIT AMOUNT 08/31/02 OPENINGBALANCE 5,996,237.49 09/03/02 DIVIDEND DREYFUS TAX EXEMPT CASH DEIXX 7,665.09 MANAGEMENT INSTL SH MONTHLY DIVIDEND 09/03/02 REINVEST DREYFUS TM EXEMPT CASH DEIXX 7,665.09 7,665.09 MANAGEMENT INSTL SH DIVIDEND REINVESTED 09/27/02 CLOSINGBALANCE 6,003,902.58 TOTAL 9-7.665.09 $7.665.09 027 092&02:13:15001 ‘636 EFTA00200671 CLEARED THROUGH ITS niCkLY CAM‘.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. Saee•ns SON, t4,1 SOP. Bear. Steams & Co. Inc. BEAR New York. New York 10179 Ore Metsolech Center North Bt kiln. New To* 11201.38S9 STEARNS JEFFREY EPSTEIN 6 rl STATEMENT PERIOD AtiEuSt 31.2002 THROUGH Septeonter 27.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER NINMER On File DIVIDENDS LAST STATEMENT August 30.2002 EWE DESORPTION STMEICCCUSIP PANTRY RATE (Sll OEM/ AMOUNT CREDIT AMOUNT 09/10/02 JOHNSON& JOHNSON JNJ 57,800 0.2050 11,849.00 REC 08/20/02 PAY 09/10102 09/13/02 CROWN AMERICAN REALTY TRUST CWN 5,000 0.2125 1,062.50 REC 08/30/02 PAY 09/13102 TOTAL $12,911.50 INTEREST DATE DESCRIPTION STAIDOUCUSIP OUANTITT RATE t% CEINT AMOUNT C.41;11 AUCUNI 09/23/02 INTEREST ON CREDIT BALANCE 1.2500 16.22 AT 1 1/4% 08,21 THRU 09/20 TOTAL $16.22 027 DA2B.02:12:15 001 VII2B EFTA00200672 CLEARED THROUGH ITS YrisekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 GNP. Bear. Stearns 8 Co. Inc. BEAR New YY New York 10179 Ore Metsolech Cella North Bt kiln. New VC* 112014859 STEARNS JEFFREY EPSTEIN 7 STATEMENT PERIOD August 31.2002 THROUGH *Monter 27.2002 ACCOUNT NUMBER TAXPAYER WESER 011FIk Your messages UST STATEMENT August 30.2002 Bear, Stearns Securities Corp. Net Capital and Net Capital Securities and other assets in your account are the firm's collateral Requirements: for any margin loan made to you. If the securities and other assets in your account decline in value, so does the value of the collateral At May 31, 2002 and July 31, 2002, the Company's net supporting your loan, and, as a result, the firm can take action, such capital of approximately $2.5 billion and $2.0 billion was as issue a margin call and/or sell securities or other assets in any of approximately 7% and 6% of aggregate debit items and exceeded your accounts held with the member, in order to maintain the required the minimum regulatory net capital requirement of approximately equity in the account. It is important that you fully understand the $679.9 million and $644.8 million by approximately $1.8 billion and risks involved in trading securities on margin. These risks include $1.3 billion, all respectively. the following: A complete copy of the Bear, Steams Securities Corp. Statement You can lose more funds than you deposit in the margin account. of Financial Condition is available on the web site mvw.bearstearns.com Alternatively, to request a free printed copy The firm can force the sale of securities or other assets in your please call -toll tree 1.866.299.9331, 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 OS2802:13:15 001 VS36 EFTA00200673 CLEARED THROUGH ITS 1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0C,r44,1 Dap. Bear. Stearns 8 Co. Inc. BEAR New York. New York 10179 CeoLlevetech Contm North Bt kiln. New To* 112014859 STEARNS JEFFREY EPSTEIN 8 r. STATEMENT PERIOD MOSS 31.2002 THROUGH Septernter 27.2002 ACCCUNT worsen TAXPAYER KAMER Cfl File LAST STATEMENT August 30.2002 This statement is provided to explain Bear, Steams & Co. Inc.'s Pursuant to SEC Rule 11Acl -6. please note the following: (BSC') payment for order flow practices. Bear, Stearns & Co. Inc. will post its quarterly routing statistics at the BSC routes a majority of orders for customer securities transactions following web link: to the primary market for such securities. Orders may also be routed http://wwwbearstearns.comthearsteamsfindividualinvestoriequititesord to other market service vendors that assure executions pursuant to erroutingpractices.htm complex mathematical formulas at better than the national best bid or best offer (NBBO). BSC receives no cash payment or other Customers of Bear, Stearns & Co. Inc. may request information on consideration for such order routing other than favorable executions or any order executed within the prior six months from the time of the executions of limit orders at no additional charge. 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, 027 00.20.02:i2:15 001 v626 EFTA00200674 CLEARED THROUGH ITS niCkLY O"EO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns S0N, t4,1 Dap. Bear. Stearns & Co. Inc. BEAR New YY New York 10179 CcoMetsolech Cella North Beccidon. New Tuft 112014859 STEARNS JEFFREY EPSTEIN 9 STATEMENT PERI00 PAI8MM 31.2002 THROUGH Septernter 27.2002 ACCCUNT mower, TAXPAYER WESER Cel File LAST STATEMENT August 30.2002 The following account service fees will be charged to applicable NOTICE OF CHANGE PURSUANT TO THE TRUTH IN LENDING 11W accounts as of November 1, 2002: SEC RULE 10b-16 The service charge per transaction will be $5.00. Accounts Effective as of November 15, 2002, the annual rate of interest charged transferred from Bear Steams will be charged a $75.00 account on any credit extended to you by Bear Steams Securities for the transfer fee. There will be a $50.00 fee for each stock certificate purpose of purchasing, carrying or trading in any security or other that is sent out in registered form at the customers request, We property shall be based on either the Bear Steams Margin Basis Rate, strongly recommend against holding stock certificates in physical the Bear Steams Securities Fed Funds Rate or the London Interbank form due to the possibility of theft, loss or damage. Offering Rate ("LIBOR'). The Bear Steams Margin Basis Rate will be quoted daily by Bear Steams at our main office in New York, Factors affecting the determination of the Bear Steams Margin Basis Rate will include the short-term market interest rates quoted by money center banks and the Federal Reserve and the rate that Bear Steams is charged for borrowing money, The Bear Stearns Securities Fed Funds Rate is the rate for U.S. dollar funds, as quoted by an independent broker of such funds selected by Bear Steams Securities for the last transaction completed prior to 9:30 a,m, (Eastem Time) on the business day on which such rate is determined. The annual rate of interest will be no more than 3% above the Bear Stearns Margin Basis Rate or 4% above either the Bear Stearns Securities Fed Funds Rate or LIBOR and will appear on your monthly statements. Since the rate of interest charged is related to the Bear Stearns Margin Basis Rate, the Bear Steams Securities Fed Funds Rate or LIBOR, any changes in these rates will cause corresponding changes in the rate charged to your account, which changes will be made without prior notice to you. If for any other reason Bear Stearns Securities changes the rate of interest it charges you, we will give you at least 30 days prior notice. The 'Statement of Interest Charges Pursuant to the Truth-in-Lending' SEC Rule 10b-16" previously provided to you remains in effect except to the extent specifically amended by this notice. 027 0622/0203:16 001 VMS EFTA00200675 GEARED THRCOGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Elefu. SOMAS SeanniCH Cap. Bear Stearns & Co. Inc. BEAR Ono Movotech Center Noah Brecklgn. New Ywk 1120/.3959 STEARNS New Y New York 10179 JEFFREY EPSTEIN STATEMENT PERIOD Jul/ 27. 2002 ACCOUNT EXECUTIVE ZIC:ftaRMAN.IRA TELEPHONE THROUGH August 30.2002 VISIT OUR WEBSITE 67A% near stearns.com ACCOUNT NUMBER What's In This Statement 1111,111111111111 II TAXPAYER NUMBER On File LAST STATEMENT Jul/ 26.2002 Financial Summary 3 JEFFREY EPSTEIN 4 CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings ATTN JEANNE BRENAN Transaction Detail 5 6100 RED HOOK OUATER B-3 Fund Activity 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD' 4.103.574 Cash & Equvalent $7,994.518 NET CREDIT BALANCE 10.766 $4,103.574 Equines MONEY MARKET FUND BALANCE 5,996.237 Current market value $10.110.577 IN NET EQUITY THIS PERIOD IN Last statements market value NET EOUITY LAST STATEMENT 11,841.586 CHANGE SINCE LAST STATEMENT -1,731.009 .nw patkno ndodes cHe or mom loran waning, Pas ere not teleCted n he Taal Yew al Seasites and the Net Epee/ n.t. Nazi There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. P10.50 mpM cry Offororoo a nanroceire of tees or mocks. omicalod as doltrogott to you. TMESWOTWYKOOT tiOnTebrei NopOsn My. 9 N not Mended as a tit doomed lo Clem &onion at 800614-1428: a nano to Clom SONIC.. a Boot Steam Sccumos statornorl NNW Ea retained for your recant So warm So fa ',BMW Womb= Cap.. One lAnolecli Coolly North. Broolbri NY. 112014859 027 0831.02:13:23 001 1/586 EFTA00200676 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 0I191,02:13:23 001 V588 EFTA00200677 CLEARED 1HRWGH na vn10LLY 001•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Stearns SO0M40 COO. Bear. Stearns & Co. Inc. BEAR New York. New York 10179 Ore Metsolech Cantof North Beccioon. New Year 112014859 STEARNS JEFFREY EPSTEIN 3 0 STATEMENT PERIOD Jul/ 27.2002 THROUGH August 30.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AMBER On Ale 114S PERI® TEM TO DATE THIS PERICO LAST STATEMENT Jul/ 26. 2002 Opening Balance $7,018.42 Dividends 3.740.00 52,018.70 Other Dividends 8.737.92 21,237.49 Money Fund 2,008,737.92 Credit Balance Int. 7.75 1,704.63 Dividends Interest 3.747.75 Total $12,485.67 $74,960.82 Amount Credited $2.012.485.67 Margin Int. Paid 0.00 -6,516.67 Money Fund -8.737.92 Funds Withdrawn -2.000.000.00 Amount Debited $-2 008 737.92 Portfolio Composition Cash/Cash Equivalent 6.007.003 Net Cash Activity 3.747.75 Equities 4.103.574 Closing Balance $10,766.17 Total $10,110.577 Your Portfolio Allocation Cash Balance Summary OPENING CLOSING Cash 7,018.42 10,766.17 Net Cash Balance $7,018.42 $10.766.17 Equities 40% Cash & Equivalent 60% Untettlefl p0,00.4 eon,* oar "nonce onto tete male vela, The element. ;event'', tepee." lien Va otnol.te market rat), pi ITV Mlle", 027 01191,02:13:23 001 0566 EFTA00200678 CLEARED THROUGH ns vngxlv °ONE() SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 80.8. 51888s $9C.,44.1 SMP. Bear. Stearns & Co. Inc. BEAR New YY New York 10179 Ore Metsolmh Cantm North Betatron. New Tc6. 112014859 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERK* Jul/ 27.2002 THROUGH August 30.2002 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER AM MER Ofl File LAST STATEMENT Jul/ 26. 2002 MARKET ESTIMAIED CuRPENT DESORPTION SIMBOLCUSiP QUANTITY PRICE VALUE ANNUAL INCOME 10.0 CASH BALANCE 10,766 DREYFUS TAX EXEMPT CASH DE= 5.996.237.49 1.0000 5,996.237 77.951 1.3000 MANAGEMENT INSTL SH ESL 30 DAY AVG YIELD 1.3000% TOTAL CASH & CASH EQUIVALENTS $6,007,003 577.951 EQUITIES Equities & Options *COT MARKET ESTIM1ED DATENT MORETON SYMECMCUSIP TIM OLIANSTY PRCE VALUE ANATOL INCOME YEW 1Y4 CENTER TR INC CTA CASH 2,000 5.7000 11,400 480 4.2105 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CNN CASH 5.000 9.5500 47.750 4.250 8.9005 FELCOR LODGING TRUST INC FCH CASH 2.000 14.8000 29.600 1.200 4.0541 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 21.0500 42,100 3,440 8.1710 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 18.0700 36.140 3.846 10.6419 HRPT PROPERTIES TR-SBI HRP CASH 10.000 8.4200 84.200 8.000 9.5012 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 34.6800 69.360 5.760 8.3045 581 JOHNSON& JOHNSON JNJ CASH 57,800 54.3100 3.139.118 47.396 1.5099 KRAMONT REALTY TRUST KRT CASH 2,000 15.0000 30.000 2,600 8.6667 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 20.3400 244.080 20.160 8.2596 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.5100 1.510 027 0841,02:12:23 001 VHS EFTA00200679 CLEARED THROUGH NS ?NNW, ORNEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808r. SOON S0NR*1 GTO Bear. Stearns 8 Co. Inc. BEAR New Y New York 10179 Ore Metsoiech Canto North Beccivon, New Toot 11201.3859 STEARNS JEFFREY EPSTEIN 5 ri STATEMENT PER100 Jul/ 27.2002 THROUGH August 30.2002 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER AVAIMER On FIN LAST STATEMENT JuU 26.2002 Equities & Options (continued) AOCT /MPACET ESTRUM° CURRENT DESCRIPTION SYMBOUCUSIP TOE OLV.% IT, DFLE VALLE ANNUAL INCOME TEIO TO TOO INC TOO CASH 15.600 23.6100 368.316 Total Equities& Options $4.103.574 $97,132 TOTAL EQUITIES $4.103.574 $97,132 YOUR TOTAL ESTIMATED ANNUAL INCOME $175,083 YOUR PRICED PORTFOLIOHOLDINGS $10.110.577 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSAETEN DESORPTION DEBIT ASIOUJT CREDIT AMOUNT 08/08/02 END WIRED 08/30/02 FND WIRED ENDS TO tocol000mo TOTAL $-2,000,000.00 027 01121,02:13:23 001 1/588 EFTA00200680 CLEARED THRWGH ITS O‘P.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet. SZPIrns S0C.P.PRI MAP. Bear. Stearns 8 Co. Inc. BEAR New York. New York 10179 Cc* Mevolech Cerra North Beccioon, New TA* 11201.38S9 STEARNS JEFFREY EPSTEIN 6 cl STATEMENT PERK* Jul/ 27.2002 THROUGH MVP 30.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WIPER On File MONEY FUND ACTIVITY LAST STATEMENT July 26. 2002 DATE MORAY TRANSACTION DESOTIPTCPI SYMECLCUSIP DUANMY PACE DEBIT AMOUNT CREDIT AMOUNT 07/27/02 OPENINGBALANCE 7.987.499.57 08/01/02 DIVIDEND =RAMS CASH DEIXX 8.737.92 MONTHLY DIVIDEND 08/01/02 REINVEST DREYFUS TAX EXEMPT CASH DEIXX 8.73792 8.737.92 MANAGEMENT INSTL SH DIVIDEND REINVESTED 08/08/02 SOLD DREYFUS TAX EXEMPT CASH DEIXX -1,000.000 1.0000 1,000,000.00 MANAGEMENT INSTL SH 08/30/02 SOLD DREYFUS TAX EXEMPT CASH DEIXX -1,000.000 1.0000 1,000,000.00 MANAGEMENT INSTL SH 08.+30/02 CLOSINGBALANCE 5.996.237.49 TOTAL $8.737.92 $2.008.737.92 DIVIDENDS DATE DESORPTION MECUM/SIP DUMMY RATE (S) DEBIT AMOUNT DTEDIT AMOUNT 07/31/02 FELCOR LODGING TRUST INC FCH 2.000 0.1500 300.00 REC 07/15102 PAY 07+31/02 08122/02 HOSPITALITY PROPERTIES TRUST HPT 2.000 0.7200 1.440.00 S81 REC 07/24/02 PAY 08/22/02 08/23102 HRPT PROPERTIES TR-SBI HRP 10.000 0.2000 2.000.00 REC 07/25102 PAY 08/23102 TOTAL $3.740.00 027 OB/31,02:13:23 001 YRBB EFTA00200681 CLEARED THROUGH ns vngxlv CAPP° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON•Pti COP Bear. Stearns 8 Co. Inc. BEAR New YY New York 10179 Ore Mevolech Oentet North Bt kiln. New VC* 112014859 STEARNS JEFFREY EPSTEIN 7 STATEMENT PERK* Jug 27.2002 THROUGH August 30.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER Cfl File INTEREST LAST STATEMENT Jul/ 26. 2002 DATE DESORPTION SYMBOAUSIP QUANTITY RATE IY4 DEBIT AMOUNT VIEW MOM 08/21/02 INTEREST ON CREDIT BALANCE 1.2500 7.75 AT 1 1/4% 07121 THRLI 08/20 TOTAL $7.75 End of Statement 027 060142:13:23 001 7666 EFTA00200682 CLEARED IHRWOH ITS YilIOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Shams Seeuilitd CO% Bear Stearns & Co. Inc. BEAR One Marotech Coma HORN 8rocklgn. New York 1120/3859 STEARNS New Y New York 10179 JEFFREY EPSTEIN STATEMENT PERK* June 29.2002 ACCOUNT EXECUTIVE Z:CHERNIAN.IRA TELEPEIDNE THROUGH Jilt 26.2002 VISIT OUR WEESITE O. IA1 uearstearns.com ACCOUNT NUMBER What's In This Statement II TAXPAYER NUMBER On File LAST STATEMENT June 28.2002 Financial Summary 3 JEFFREY EPSTEIN CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings 4 ATTN JEANNE BRENAN Transaction Detail 5 6100 RED HOOK OUATER B-3 Fund Activity 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent — 94.518 TOTAL VALUE OF SECURITIES THIS PERIOD' 3.847.068 48.978.134 NET CREDIT BALANCE 7.018 53.847.068 Equities MONEY MARKET FUND BALANCE 7.987.500 '''' N44 "Ai $4.122.377 ' - Current market value NET EQUITY This PERIOD $11.841,586 ifE Last statements market value NET EOUITY LAST STATEMENT 13.100.511 CHANGE SINCE LAST STATEMENT -1,258.924 -TMs pads* nducles one or more 'synced secsobes ea ere not retested 8, he Taal Yam of Seowbes ad the Net Equity n.sPeort There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.vo toped oaf dirororco a morrows' el toms or mocks. intsc000d as 630.-00X1 IP tau. lo ChWil Semen of 800134-1428 a vat lo Clom Somcos r Bow. Smarr@ &comes Dn.. One 1.1elmIeck Carle. North. Sweep, , NY II2014859. SIK Then newel a rernenexanl wpm, wry It Is net "'eroded as a tat Oxymora Tres Stateseere Mooted be reamed for your records See revers* ode By mortar< SOCMYKO 027 07.2702:17:22 001 Y585 EFTA00200683 CLEARED 1HROUGH nS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. CcoMetsolech Cantot North Broeklln• New Volt 11201.3859 JEFFREY EPSTEIN 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 07,2702:17:22 001 V565 EFTA00200684 CLEARED 1HRWGH ?RIMY OtM•E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bar. Saea•ns SON, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR New York. New York 10179 Ore Mevolech Conte North Beccidon. New Ye* 112014859 STEARNS JEFFREY EPSTEIN 3 al STATEMENT PERIOD June 29.2002 THROUGH Juy 26.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File RC PERIOD YEAR TO DATE THIS PERICO LAST STATEMENT June 28.2002 Opening Balance $698.754.87 Dividends 7.631.60 48,278.70 Other Dividends 8.120.29 12,499.57 Money Fund 1,008,120.29 Credit Balance Int. 631.95 1,696.88 Dividends/Interest 8.263.55 Total $16,383.84 $62,475.15 Amount Credited $1.016.383.84 Margin Int. Paid 0.00 -6,516.67 Money Fund -708.120.29 Funds Withdrawn -1,000.000.00 Amount Debited 8-1 708 120.29 Portfolio Composition Cash/Cash Equivalent 7.994,518 Net Cash Activity -691.736.45 Equities 3.847,068 ClosingBatance $7,018.42 Total $11,841.586 Your Portfolio Allocation Cash Balance Summary OPEtittiG CLOSING Cash 698.754.87 7.018.42 Net Cash Balance $698.754.87 $7.018.42 Equities 32% Cash & Equivalent 68% Untotled croons °ono* oar Deena *nee ,to•I male aye, The Mtn:0m ;event'', to aa•aed Icon to '0191A* motel rat), al KV parka" 027 07.2742:17:22 001 V565 EFTA00200685 CLEARED THRWGH ITS wilekLY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR Ore Metselech Oentm North Bt kiln. New Yuk 1201.38S9 STEARNS New YY New York 10179 JEFFREY EPSTEIN 4 STATEMENT PERIOD June 29.2002 THROUGH Ju, 26.2002 Your Portfolio Holdings ACCCUNT unseen CASH & CASH EQUIVALENTS TAXPAYER WESER On FIE LAST STATEMENT June 28.2002 MARKET ESTIMATED OURPENT DESORPTION SIMBOLCUSiP OUANTITY PRCE VALUE MIVJAL IHCOIdE VELD I%) CASH BALANCE 7.018 DREYFUS TAX EXEMPT CASH DEDC< 7,987,499.57 1.0000 7.987.500 103.&37 1.3000 MANAGEMENT IRSTL SH ESL 30 DAY AVG YIELD 1.3300% TOTAL CASH & CASH EQUIVALENTS $7.994.518 $103.837 EQUITIES Equities & Options SCOT IMFICET ESTIMATD3 CURFEW DESORPTION SYMBWOUSIP TIM RUMMY PRCE VALUE ANTRAL INCOIAE YEW IV4 CENTER TR INC CTA CASH 2,000 6.0000 12.000 480 4.0000 CANHORN CHEMICAL CORP CNCPF CASH 19 Unprked CROWN AMERICAN REALTY TRUST CNN CASH 5.000 8.3500 41.750 4,250 10.1796 FELCOR LODGING TRUST INC FCH CASH 2.000 14.9000 29.800 1,200 4.0268 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 20.0000 40.000 3.440 8.6000 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 17.3000 34.600 3.846 11.1156 HRPT PROPERTIES TR-SBI HRP CASH 10.000 7.8000 78.000 8.000 10.2564 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 31.6200 63.240 5.760 9.1082 881 JOHNSON& JOHNSON JNJ CASH 57,800 49.6100 2.867.458 47,396 1.6529 KRAMONT REALTY TRUST KRT CASH 2,000 13.4500 26.900 2,600 9.6654 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 20.3800 244.560 20.160 8.2434 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 1.6000 1.600 027 07.2742:17:22 001 V56S EFTA00200686 CLEARED THROUGH ITS ?mow, CAVvE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns SON, 14,1 CO,P Bear. Steams & Co. Inc. BEAR Cc* Momloch Centet North Beccidon. New VC* 11201.3859 STEARNS New York. New York 10179 JEFFREY EPSTEIN 5 ci STATEMENT PERO° June 29.2002 THROUGH Juy 26.2002 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER AMMER Osi File LAST STATEMENT June 28.2002 Equities & Options (continued) ACCT IMPXET ESTMAIED CURRENT DESCRPTION SYMBOUCuSIP DSC ‘,ALLE ANNUAL /COME yen NI TOO INC TOO CASH 15.600 26.1000 407.160 Total Equities& Options 53.847.068 597.132 TOTAL EQUITIES 53.847.068 597.132 YOUR TOTAL ESTIMATED ANNUAL INCOME $200.969 YOUR PRICED PORTFOLIOHOLDINGS $11.841.586 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRPTION DEBIT *mow CREDIT AMOUNT 07/23/02 END WIRED FNDS_WIRED TO 1.000.000.00 027 0727.02:17:22 001 V565 EFTA00200687 CLEARED IHROOOH ITS WHOLLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZetrns S0N, 14,1 COO. Bear. Stearns & Co. Inc. BEAR New York. New York 10179 Ore Momtech Center North 0t kiln. Hew Ye* 11201.38S9 STEARNS JEFFREY EPSTEIN 6 o STATEMENT PERIOD June 29.2002 THROUGH Juy 26.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER WESER On FIk MONEY FUND ACTIVITY LAST STATEMENT June 28.2002 DATE LICIDAY DESCRIPIC6I SYLIBCCCUSIP DUMMY PRICE DEBIT AMOUNT CREDIT AMOUNT 06/29/02 OPENINGBALANCE 8,279,379.28 07/01/02 DIVIDEND MUMIHSTf. SH CASH DEIXX 8,120.29 MONTHLY DIVIDEND 07/01/02 REINVEST DREYFUS TAX EXEMPT CASH DEIXX 8.120.29 8.120.29 MANAGEMENT INSTL SH DIVIDEND REINVESTED 07/17/02 BOUGHT DREYFUS TAX EXEMPT CASH DEA% 700.000 1.0000 700.000.00 MANAGEMENT INSTL SH 07/23/02 SOLD DREYFUS TAX EXEMPT CASH DEIXX -1.000.000 1.0000 1.000.000.00 MANAGEMENT INSTL SH 07/26/02 CLOSINGBALANCE 7.987.499.57 TOTAL $708.120.29 $1.008.120.29 DIVIDENDS DATE DESCRIPTION STMEICUCLISIP OUONMY RATE (Si DEBT AMOUNT CREDIT AMOUNT 07/1502 GLENBOROUGH REALTY TRUST INC GLB 2,000 0.4300 860.00 REC 07101/02 PAY 07/15/02 07/15/02 GLIMCHER REALTY TRUST-Sal GRT 2.000 0.4808 961.60 REC 06128102 PAY 07/15/02 07/16/02 RAMCO GERSHENSON PROPERTIES RPT 12.000 0.4200 5.040.00 TRUST-MD Sal REC 06/30/02 PAY 07/16/02 07/19/02 KRAMONT REALTY TRUST KRT 2.000 0.3250 650.00 REC 06/2602 PAY 07/19/02 07/22/02 CENTER TR INC CTA 2.000 0.0600 120.00 REC 0612&02 PAY 07/22,02 TOTAL $7,631.60 027 0727.02:17:22 001 V£5 EFTA00200688 CLEARED THROUGH ITS WIIOUv 1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZetrns SON, 14,1 Cap. Bear. Stearns 8 Co. Inc. BEAR New YY New York 10179 0 -4Mo:elect+ Contm North Bt kiln. New it* 112014869 STEARNS JEFFREY EPSTEIN 7 STATEMENT PERIOD June 29.2002 THROUGH Juy 26.2002 Transaction Detail (continued) ACCCUNT roomer, TAXPAYER WESER Cfl Fee INTEREST LAST STATEMENT June 28.2002 DATE DESCRPTKIN SYME/ClCUSIP QUANTITY RATE IY4 DEBIT AMOUNT CREDIT AMOUNT 07/22/02 INTEREST ON CREDIT BALANCE 1.2500 631.95 AT 1 1/4% 06/21 DRIB 07/20 TOTAL $631.95 Endof Statement 027 072702:17:22 001 V565 EFTA00200689 CLEARED THRCOGH nS WHOLLY OWNED $UBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beat. Steams SOPPIlitH COO Bear Stearns & Co. Inc. BEAR Ono Mottotoch Center North Elrecklgn. New Ywk 1120/3859 STEARNS New Y New York 10179 JEFFREY EPSTEIN STATEMENT PERK* June 1.2002 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEKIDNE THROUGH June 28.2002 VISIT OUR WEBSITE eiIAN'.uearstearns.com ACCOUNT NUMBER What's In This Statement 11818111111111811 II TAXPAYER NUMBER On File LAST STATEMENT May 31.2002 Financial Summary 3 JEFFREY EPSTEIN Your Portfolio Holdings 4 CIO FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN Transaction Detail 5 6100 RED HOOK OUATER B-3 Fund Activity 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash & few/stem — 68.978.134 TOTAL VALUE OF SECURITIES THIS PERIOD' 4.122.377 $6.612.663 NET CREDIT BALANCE 69/3.755 Equates $4-122.377 $6.103.766 MONEY MARKET FUND BALANCE 8.279.379 ME Current market value NET EQUITY THIS PERIOD $13.100,51 1 [IN Last statements market value NET EQUITY LAST STATEMENT 11.805.819 CHANGE SINCE LAST STATEMENT 1.294.691 'This none ndotlos one o. mae vrpnced mambos tat at not retected n K Total Yew of Seasins ad the Net Cook/ 11vs Peort There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Roma noon on/ Offoronoo a nontooHM el chmks or Moat ndicolal as doltrotoa Id you. St 'Da SmweaNasot reftem180nAl pyposes wily net nandna tat 000311Ort lo Cleni Sonic*. al 800614-1428: a nnto lo CNN Santos a Boot Stow@ SecuMos stsuneri shoEIS Es matel« yew Monk SOO worn EsSe br IrrpOrlat 0*mM:a Cap.. One LIONINI, Cooly North. BrocAbn, NY Ii201.3859 027 06.29132:10:49 001 V563 EFTA00200690 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 06.2802:10:49 001 V583 EFTA00200691 CLEARED 1HRWOH YiHMV ORO.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. StairoS S0N, htl COO. Bear. Stearns 8 Co. Inc. BEAR New YY New York 10179 Ce4 Moto:loch Cents, North BecciO/n. Hew Year 11201.3859 STEARNS JEFFREY EPSTEIN 3 STATEMENT PERIOD June 1.2002 THROUGH June 28.2002 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER NLIMER On File THIS PEFICO mows LAST STATEMENT May 31.2002 Opening Balance $137,663.44 Cash 131,409.18 698,754.87 Securities Sold 567,830.73 Margin 6,254.26 0.00 Money Fund 4,379.28 Net Cash Balance $137,663.44 $698,754.87 Dividends/Interest 13,493.27 Miscellaneous 1,779,767.43 Amount Credited $2,365.470.71 Income Summary RC PERK* YEM TO DATE Money Fund -1.804.379.28 Dividends 12.911.50 40,647.10 Amount Debited 6-1 804 379.28 Other Dividends 4.379.28 4,379.28 Net Cash Activity 561,091.43 Credit Balance kit. 581.77 1.064.93 Total $17,872.55 $46,091.31 ClosingBatance $698,754.87 Same Oaf venters el cash tornaon accost boos No Act incladol In MC Margin Int. Paid 0.00 -6.516.67 Your Portfolio section: such irantlas. as wall as anae lor al Mbar transach:os no paned. Allocation zoom in Transachz Dotal. Portfolio Composition CashiCash Equivalent 8.978.134 Equities 4.122377 31' Total $13.100511 Uoto0tol crown Oen,* Oar bloom onto* shol male vela, The eloosho, ;evenly, t, /wood ham to absoLte market rat), or parkoo 027 0&29,O2:1O:t9 001 V563 EFTA00200692 CLEARED THROUGH ITS ?mem.? 0%1T,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 COrP Bear. Stearns 8 Co. Inc. BEAR New YY New York 10179 0-41km:tech Contm North BecciOon. New Year 112014069 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD June 1.2002 THROUGH June 28.2002 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WEBER Cfl File LAST STATEMENT May 31.2002 MAPCO ESTIMATED CURRENT DESCRPTION SIMBWO.ISIP QUANTITY PRICE VALUE ANNUAL INCOME yea rq CASH BALANCE 698,755 DREYFUS TAX EXEMPT CASH 8,279,379.28 1.0000 8.279,379 124,191 1.5000 MANAGEMENT INSTL SH ESL 30 DAY AVG YIELD 1.2300% TOTAL CASH & CASH EQUIVALENTS $8,978,134 $124,191 EQUITIES Equities & Options ACCT IAMIKET ESTINETED OJRFCVT DESORPTION SYMBWCUSIP TIM RUMMY PRCE VALLE ANNA. INCOME YEW I%4 CENTER TR INC CTA CASH 2,000 7.0600 14.120 480 3.3994 CANHORN CHEMICAL CORP CNCPF CASH 19 IMprieed CROWN AMERICAN REALTY TRUST CNN CASH 5.000 9.4000 47.000 4,250 9.0426 FELCOR LODGING TRUST INC FCH CASH 2.000 18.3500 36.700 1,200 3.2698 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 23.7000 47.400 3.440 7.2574 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 18.5000 37.000 3.846 10.3946 HRPT PROPERTIES TR-SBI HRP CASH 10.000 8.8500 88.500 8.000 9.0395 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 36.5000 73.000 5.680 7.7808 881 JOHNSON& JOHNSON JNJ CASH 57,800 52.2600 3.020.628 47.396 1.5691 KRAMONT REALTY TRUST KRT CASH 2,000 15.9900 31,980 2,600 8.1301 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 20.1500 241.800 20.160 8.3375 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 3.7690 3.769 027 06.29,02:10:49 001 VS63 EFTA00200693 CLEARED THROUGH ITS OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bey. Freers Seenter COO. Bear. Steams & Co. Inc. BEAR New York. New York 10179 CeoLletiotech Center North Beccidon, New Yuk 11201.3859 STEARNS JEFFREY EPSTEIN 5 ci STATEMENT PERIOD June 1.2002 THROUGH June 28.2002 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER WESER On File LAST STATEMENT May 31.2002 Equities & Options (continued) ACCT MAPICET ESTIMATED CURRENT DESORPTION SYMBOUCUSIP TIPS O411,1[T, N.,ALLIE ANNUAL INCOME YELD DG TOO INC TOO CASH 15.600 30.8000 480.480 Total Equities& Options $4.122.377 $97.052 TOTAL EQUITIES $4,122,377 $97.052 YOUR TOTAL ESTIMATED ANNUAL INCOME $221,243 YOUR PRICED PORTFOLIOHOLDINGS $13.100.510 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION DESCTG'TION svueo..cosp aJANTITY PRICE DEBIT AMOUNT CREPT AMOUNT 06117/02 06/12/02 SOLD ALLIED WASTE INDUSTRIES INC AW .2.500 11.42000 28.399.14 NEW uNSOuCITED 06/17/02 06/12/02 SOLD ALLIED WASTE INDUSTRIES INC AW .23.100 11.51230 264.537.62 NEW AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT 06117/02 06/12/02 SOLD FIVE STAR DUALITY CARE INC FVE -100 6.52000 599.48 UNSOLICITED 027 052102:10:49 031 11)63 EFTA00200694 CLEARED THR000H noCkLY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 DPP Bear. Stearns 8 Co. Inc. BEAR Nenv YY New York 10179 Ore Metsolech Cella North Bt kiln, New VC* 11201 3659 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD June 1.2002 THROUGH June 28.2002 Transaction Detail (continued) ACCCUNT mum., TAXPAYER AMMER On He INVESTMENT ACTIVITY (continued) LAST STATEMENT May 31, 2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESORPTION SY1A3OUCUSP PRICE EINE AMOUNT MCC SCUM 06/18/02 06/13/02 SOLD ALLIED WASTE INDUSTRIES INC AW -13,200 11.50790 151,105.20 NEW AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED 06/19/02 06/14/02 SOLD ALLIED WASTE INDUSTRIES INC AW -11,200 11.05960 123,189.29 NEW AVG PRICE SHOWN-DETALS ON REO ACTUAL CO1•F61M TO YOUR AGENT UNSOLICITED TOTAL $567,830.73 MONEY FUND ACTIVITY DATE MODAT TRANSACTION DEEMPTIN SYMECUOUSIP OUANTRT PACE DEBIT AMOUNT CREDIT AMOUNT 06/01/02 OPENINGBALANCE 6.475,000 06/03/02 DIVIDEND DREYFUS TAX EXEMPT CASH 4379.28 MANAGEMENT INSTL SH MONTHLY DIVIDEND 06/03/02 REINVEST DREYFUS TAX EXEMPT CASH 4,379.28 4.379.28 MANAGEMENT INSTL SH DIVIDEND REINVESTED 151WirilgIal5EOaii 1.soolte 1.0000 tebb.bbblii MANAGEMENT INSTI. SH 06/28/02 CLOSINGBALANCE 8,279,379.28 TOTAL 3-1,804,379.28 $4.379.28 027 0629,02:10:49 001 V563 EFTA00200695 CLEARED THRWGH ITS 1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Freers Seenter COO. Bear. Stearns 8 Co. Inc. BEAR New York. New York 10179 0-41km:tech Cora ec North Bt kiln. New Toot 112014859 STEARNS JEFFREY EPSTEIN 7 CI STATEMENT PERIOD June 1.2002 THROUGH June 28.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER Ofl File DIVIDENDS LAST STATEMENT May 31.2002 [WE DESORPTION STMEIWOUSIP CUANTITY RATE DEBIT AMOUNT CREW AMOUNT 06/11/02 JOHNSON& JOHNSON JNJ 57,800 0.2050 11,849.00 REC 05121/02 PAY 06/11/02 06/14/02 CROWN AMERICAN REALTY TRUST CWN 5,000 0.2125 1,062.50 REC 06/03102 PAY 06/14/02 TOTAL $12.911.50 INTEREST DATE DESCRIPTION STME/CtiOUSIP OUONMY RATE IM DEBIT AMOUNT CREDIT AMOUNT 06/21/02 INTEREST ON CREDIT BALANCE 1.2500 581.77 AT 1 I/4% 05/21 THRU 06/20 TOTAL $581.77 MISCELLANEOUS DATE MOAT TRANSACTION DESCRIPTION DEBIT AMOUNT ORECIT AMOUNT 06/06/02 JOURNAL CCI.REC LOA FROM 35301417 1,779,767.43 06/12/02 JOURNAL JOURNAL FROM TYPE 2T01 6.254.26 06/12/02 JOURNAL JOURNAL FROM TYPE 2 TO 1 6.254.26 TOTAL $.$254.26 $1.786.021.69 End of Statement 027 052902:10:49 001 V563 EFTA00200696 CLEARED IIIRCO3H ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOLM Eleel. Stearns SOOallief Corp. Bear. Stearns & Co. Inc. BEAR Ono Marotech Corder Noah EIrak/on, New Vodc 1120/.3959 STEARNS New Y New York 10179 JEFFREY EPSTEIN STATEMENT PERKO AMII 27. 2002 ACCOUNT EXECUTIVE LIC,HERMAN.IFIA TELEPHONE THROUGH May 31.2002 VISIT OUR WEBSITE ee/A1 uearstearns.com ACCOUNT NUMBER What's In This Statement 11111111111111111 II TAXPAYER WEBER On Fee LAST STATEMENT Ar3r11 26.2002 JEFFREY EPSTEIN Financial Summary 3 4 CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings ATTN JEANNE BRENAN Transaction Detail 5 6100 RED HOOK OUATER B-3 Fund Activity 6 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent $6.612.663 TOTAL VALUE OF SECURITIES THIS PERIOD' 5.193.156 $101.774 NET CREDIT BALANCE 137.663 $5.193.166 Equines 55.786.293 MONEY MARKET FUND BALANCE 6,475.000 ME Current market value NET EQUITY This PERIOD $11.805.819 ta Last statements market value NET EQUITY LAST STATEMENT 5.888.067 CHANGE SINCE LAST STATEMENT 5.917.753 .n.s weal* ndocles re or mae tepnced securbes 'sat are not related Hew Taal Yale of Sec:wins ad We Net (citify The Petted There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.va rood any diforonoo a centavo of t000 or mocks. eidicolal as clofrrooxi lo pw. Sit na a•TaTerY for erreORMAXMI papoose at ra NOM new downed lo ClOol &onion al 800614.1428: a wax la clam Senate a Boa. Room SccuMes Tin scatemere shaad M retaned for yew records See memo S. fa realest rdamanan Cap.. One Llelm1ab Carla North. Orodbw NY 112014859 027 060102:15:46 001 v559 EFTA00200697 CLEARED 1HROUGH RS YrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letioloch Cantot North BrodCon. New Volt 112014859 JEFFREY EPSTEIN 2 or STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0601,02:15:46 001 VS59 EFTA00200698 CLEARED iHRWGH imiCtLY 001.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Sterns SO"rett GNP. Bear. Stearns & Co. Inc. BEAR New YY New York 10179 CcoMeticiech Ganef North Beccioin, Hew TEN 11201.3859 STEARNS JEFFREY EPSTEIN 3 STATEMENT PERO> 1pnl 27.2002 THROUGH May 31.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WINER On File 116 PENN) YEAR TO DATE THIS PERICO LAST STATEMENT *11 26.2002 Opening Balance $101.773.57 Dividends 3.720.00 27,735.60 Credit Balance Int. 442.16 483.16 Securities Sold 631,511.40 Total $4.162.16 $28.218.76 Money Fund 25.000.00 Margin Int. Paid 0.00 -6516.67 Dividends Interest 4,162.16 Miscellaneous 6.000.000.00 Amount Credited $6.660,673.56 Portfolio Composition Securities Bought -90.000.00 CashiCash Equivalent 6.612.663 Money Fund -6,500.000.00 Equities 5.193.156 Miscellaneous -34.783.69 Total $11 805 819 Amount Debited $-6.624.783.69 Net Cash Activity 35.889.87 Your Portfolio Allocation Closing Balance $137.663.44 Cash Balance Summary OPEN NO CLOSNO Equities Cash 95,519.31 131,409.18 43% Margin 6,254.26 6,254.26 Cash & Equivalent 57% s Net Cash Balance $101.773.57 $137.663.44 Unitineci croons cone* oar "nonce *nee tete mete veto, The eleven', ;event'', 6, owes Item pio ebsol.se market rat), al patio" 027 0601021h:46 031 V559 EFTA00200699 CLEARED THROUGH 115 OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BOP. SZeirns SON, 14,1 GNP. Bear. Stearns & Co. Inc. BUR New YY New York 10179 Ore Metsolech Cella North Bt kiln. New Year 112014859 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD APDI 27. 2002 THROUGH May 31.2002 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER KAMER Cfl FIM LAST STATEMENT *11 26.2002 MARKET ESTIMATED CURPENT MCP:CRON SIMBOLCUSiP OUANTIN PRICE VALUE ANNUAL INCOME ISO I%4 CASH BALANCE 137,663 DREYFUS TAX EXEMPT CASH 6,475.000 1.0000 6,475,000 90.650 1.4000 MANAGEMENT INSTL SH ESL 30 DAY AVG YIELD 14000% TOTAL CASH & CASH EQUIVALENTS $6,612,663 $90.650 EQUITIES Equities & Options ACCT MARKET ESTIMATED OJAICHI DESORPTION SYAIBO(/OUSIP TYPE ClUANOTY PRCE VALUE ANNUAL INCOME YEW 1%) ALLIED WASTE INDUSTRIES INC AW CASH 50.000 11.2000 560.000 NEW CENTER TR INC CTA CASH 2.000 6.7900 13.580 480 3.5346 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN CASH 5.000 9.0100 45.050 4.250 9.4340 FELCOR LODGING TRUST INC FCH CASH 2.000 18.7500 37.500 1.200 3.2000 FIVE STAR QUALITY CARE INC FVE CASH 100 7.0600 706 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 22.5000 45.000 3.440 7.6444 GLIMCHER REALTY TRUST-Sal GRT CASH 2.000 19.8000 39.600 3.846 9.7121 HRPT PROPERTIES TR-SBI HRP CASH 10.000 8.8200 88.200 8.000 9.0703 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 35.3300 70.660 5.680 8.0385 581 JOHNSON& JOHNSON JNJ CASH 57.800 61.3500 3.546.030 47.396 1.3366 KRAMONT REALTY TRUST KRT CASH 2.000 14.8500 29.700 2.600 8.7542 027 06,01,02:15:46 001 V559 EFTA00200700 CLEARED THROUGH ITS viuCtLY OW,ED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC,r.I4T1 Cory. Bear. Stearns & Co. Inc. BMR New York. New York 10179 Otte Nevalea Cent« North Reccidon, New Tuk I I20I.313S9 STMRNS JEFFREY EPSTEIN 5 te STATEMENT PERIOD April 27.2002 THROUGH May 31.2002 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER AMBER OR File LAST STATEMENT Aftril 26.2002 Equities & Options (continued) ACCT MARKET amine) CURRENT DESORPTION SIMBOUCUSIP PPE OUMOITY PACE VALUE ANNUAL INCOME YELD IN4 RAMC° GERSHENSON PROPERTIES RPT CASH 12,000 19.6500 235.800 20.160 8.5496 TRUST-MD SW SIRIUS SATELLITE RADIO INC SIRI CASH 1.000 3.9700 3.970 TOO INC TOO CASH 15.600 30.6000 477,360 Total Equities& Options $5,193,156 $97.052 TOTAL EQUITIES $5,193,156 $97.052 YOUR TOTAL ESTIMATED ANNUAL INCOME $187.702 YOUR PRICED PORTFOLIOHOLDINGS $11.805.819 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTOR DESCRIPTION SYMOOLCUSD OUNIRITY pers DEBIAMOUNT CREPT AMOUNT 05/07/02 05/02/02 SOLD TOO INC TOO -16,300 31.00380 504,366.22 UNSOUCITED 05/21/02 05/15/02 BOUGHT AEROPOSTALE ARO 5,000 18.00000 90,000.00 UNSOUCIIED PROSPECTUS UNDER SEPARATE MAIL AS OF 05(15.t2 027 06DID2:IS:46 031 VS59 EFTA00200701 CLEARED THROUGH ITS OtM.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Cot.. Bear. Stearns 8 Co. Inc. BEAR New YY New York 10179 Cc* Metsolech Center North Bt kiln. New VC* 11201.38S9 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD April 27.2002 THROUGH May 31.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WIESER Ofl File INVESTMENT ACTIVITY (continued) LAST STATEMENT April 26.2002 SETTLEMENT TRADE DATE DATE TRANSICDON DESORPTION SY1A3OUCUSIP GUMMY PRICE DEBIT AMOUNT OREM AMOUNT 05/21/02 05/16/02 SOLD AEROPOSTALE MO -5,000 25.59750 127,145.18 AVG PRICE SHOWN-DETALS ON REO ACTUAL CONFIRM TO YOUR AGENT TOTAL 6-90,000.00 $631.511.40 MONEY FUND ACTIVITY DATE 03DAY TRANSICIOs: DESORIPTON SYMB:I/OUSIP omen PRICE DEBIT AMOUNT CREDIT AMOUNT 04/27/02 OPENINGBALANCE 0.00 05/15/02 BOUGHT DREYFUS TAX EXEMPT CASH 6.500.000 1.0000 6.500.000.00 MANAGEMENT INSTL SH 05/17/02 SOLD CASH -25,000 1.0000 25,000.00 ME& HMI 05/31/02 CLOSINGBALANCE 6.475,000 TOTAL $-6,500,000.00 $25.000.00 DIVIDENDS DATE DESCRIPTION STAIDOLCUSIP EXANYTITY PATE DENT AMOUNT CAECa MIACtna 04/30/02 FELCOR LODGING TRUST INC FCH 2,000 0.1500 300.00 REC 04/12/02 PAY 04/30102 05/23/02 HOSPITALITY PROPERTIES TRUST HPT 2,000 0.7100 1.420.00 581 REC 04/24/02 PAY 05/23102 027 01171,02:16:46 001 EFTA00200702 CLEARED THROUGH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. SZeirns SON, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR Cc* Mevolech Center North Bt kiln. Hew Ye* 11201.3859 STEARNS New York. New York 10179 JEFFREY EPSTEIN 7 c/ STATEMENT PERIOD RPM 27. 2002 THROUGH May 31.2002 Transaction Detail (continued) AOCCUINIT NUMBER TAXPAYER NUMBER On File DIVIDENDS (continued) LAST STATEMENT *11 26.2002 DATE DESORPTION SYMBGL CUSP CcANTire RATE (5) DEBIT AMOUNT CREDIT AMOUNT 0524/02 HAFT PROPERTIES TR-SBI HRP 10.000 0.2000 2,000.00 REC 0412202 PAY 05/24/02 TOTAL $3,720.00 INTEREST DATE DESCRIPTION STMEIOL.CUSIP OURA/TITY RATE I14/ MOT AMOUNT CPECIT AMOUNT 05/21/02 INTEREST ON CREDIT BALANCE 1.2500 442.16 AT 1 1/4% 04/21 THRU 05/20 TOTAL $442.16 MISCELLANEOUS DATE MORAY TRAAISACTCN DESCRIPTOR DEBIT AMOUNT CREDIT 0100.1 05/07/02 JOURNAL TO 34,783.69 05/14/02 JOURNAL FROM 6.000.000.00 PER LO TOTAL $.34.783.69 $6.000.000.00 End of Statement 027 OS01.02:15:46 001 V559 EFTA00200703 CLEARED IHRIXIGH ITS WHOU.Y OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Dee Senna SOMAISOS Cap Bear. Stearns & Co. Inc. BEAR Ono Mottotoch Center North BreckIgn. New Yak 1120/3859 STEARNS New Y New York 10179 JEFFREY EPSTEIN STATEMENT PERK* March 29.2002 ACCOUNT EXECUTIVE LICHERMAN.IRA TELEPHONE THROUGH April 26.2002 VISIT OUR WEBSITE O.IAN'. uearstearns.com *COMM NUMBER What's In This Statement lllllllllllllllll II TAXPAYER NUMBER OR File LAST STATEMENT March 28.2002 Financial Summary 3 JEFFREY EPSTEIN 4 CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings 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 TOTAL VALUE OF SECURITIES THIS PERIOD' 5.786.293 Cash & Equvalent — 49.-978.513 NET CREDIT BALANCE 101.774 $5.786.293 Equities 15.931.653 NET EQUITY THIS PERIOD $5.888.067 III Current market value NET EOUITY LAST STATEMENT 4.953.140 itE Last statements market value C Short market value CHANGE SINCE LAST STATEMENT 934.927 •tit portfolio mdudas ono or more unpelcod socurnos rat ro at miected n Me Total Yen of Seven and On Not Ewe/ nn Penal There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Pimma rood ant Offoronoo a ronfocoM1 of cto/As or Mocks. mdicolal as clofrroma Ip p5u. Tin SMYRWY a 50, Seddendal Reposes any. I N re nom as a rat loaners b Otani Simian of 8006144428: a veto to ChM Sank.. a Bow. Steam &comes statomori ORA Es matel« your records Soo worse So tar inecalart rdarmann Cap.. Ono Motolecli Calm North. BrooNyn. NY II201-3859 027 042702:12:01 001 VS57 EFTA00200704 CLEARED 1HROUGH RS vrisekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceol.letsolech Cantot North Broeklln• New Volt 11201.3859 JEFFREY EPSTEIN 2 or e STATEMENT BACKER IS PRINTED ON THIS PAGE 027 04,27.02:12:01 001 V557 EFTA00200705 CLEARED TNRO00H nS ?RIMY OCCO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SaBothil COO. Bear. Stearns 8 Co. Inc. BEAR New York. Nen York 10179 Ore Mevoloch Conte ROOM Beccilon. New VC* 1120/3959 STEARNS JEFFREY EPSTEIN 3 th/ STATEMENT PERIOO MCC 29.2002 THROUGH April 26.2002 ACCOUNT NUMBER Cash Flow Analysis Cash Balance Summary TAXPAYER AILIUSER On File THIS PERI00 cPENI9 CLOSING LAST STATEMENT March 28.2002 Opening Balance $-978.512.93 Cash 0.00 95.519.31 Dividends/Interest 7.672.60 Margin -978,512.93 6,254.26 Miscellaneous 1,100,000.00 Net Cash Balance $-978.512.93 $101.773.57 Amount Credited $1.107.672.60 Dividends/Interest Charged -1.298.34 Miscellaneous -26.087.76 Income Summary 1/45 PERIOD YEAR TO DATE Amount Debited 6-27 366.10 Dividends 7.631.60 24,015.60 Net Cash Activity 1,080,296.50 Credit Balance Int. 41.00 41.00 ClosingBalance $101.773.57 Total $7.672.60 $24.056.60 Same day tonic ci cash balsam accost Com we not included in iAe Margin Int. Paid -1.298.34 -6,516.67 salian: such Inmekow as well as CPIs Ico al ate Iransachore Me period. appear in Tomo:lice 0elsl. Your Portfolio Allocation Portfolio Composition Cashtash Equivalent 101.774 Cash 8 EquisNent Equities 5.786.293 Total $5.888.067 EciLINDS 99% Wohned vomeos acne* oat bo*'o* onto Oo•I male wives The slams", peoemar de•ued Icon to Mool.te mole vabe of ovcs POrtk“, 027 0427.02:12:01 031 V557 EFTA00200706 CLEARED IHRWOH ITS 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 C0,0 Bear. Stearns & Co. Inc. BEAR Nenv YY New York 10179 0-41km:tech Center North Beccmon. New VC* 112012955 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERO) Mardi 29.2002 THROUGH AprIl 26.2002 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER SUMMER On File LAST STATEMENT MVO 28.2002 MARKET ESTIMATED CURRENT DESCRPRON SYMISCUCUSIP QUANTITY PACE VALUE AMU& INCOME 810 CASH BALANCE 101.774 TOTAL CASH & CASH EQUIVALENTS $101.774 EQUITIES Equities & Options ACCT IMNCE1 ESTRIMED CURRENT DESCRPTiOtt SYMBOUCUSIP TYPE DUAMITY PRCE VALUE ANNUAL INCOIAE VIEW 1%) ALLIED WASTE INDUSTRES INC AW CASH 50.000 11.7900 589.500 NEW CENTER TR INC CTA CASH 2.000 5.6000 11.200 480 4.2857 CANHORN CHEMICAL CORP CNCPF CASH 19 Morticed CROWN AMERICAN REALTY TRUST CWN CASH 5.000 9.4700 47350 4.250 8.9757 FELCOR LODGING TRUST INC FCH CASH 2.000 21.0000 42.000 1.200 2.8571 FIVE STAR OUALIIY CARE INC FVE CASH 100 7.3500 735 GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 21.8000 43.600 3.440 7.8899 GLIMCHER REALTY TRUST-SBI GRT CASH 2.000 19.0700 38.140 3.846 10.0839 HRPT PROPERTIES TR-SBI HRP CASH 10.000 8.5900 85.900 8.000 9.3132 HOSPITALITY PROPERTIES TRUST HPT CASH 2.000 33.9300 67.860 5.680 8.3702 Sal JOHNSON& JOHNSON JNJ CASH 57.800 63.6100 3.676.658 47.396 1.2891 KRAMONT REALTY TRUST KRT CASH 2.000 13.8600 27.720 2.600 9.3795 WACO GERSHENSON PROPERTIES RPT CASH 12.000 18.0200 216.240 20.160 9.3230 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1000 4.7200 4.720 027 04,27,02:12:01 001 V557 EFTA00200707 CLEARED THROUGH ITS niCkLY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns S0N, t4,1 COO. Bear. Steams & Co. Inc. BEAR New York New York 10179 Ore Metsolech Center North Beccidon, New VC* 11201.3859 STEARNS JEFFREY EPSTEIN 5 ri STATEMENT PERIOD March 29.2002 THROUGH April 26.2002 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER WEBER OR File LAST STATEMENT MVO 28.2002 Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRPTION SIMBOUCUSIP TYPE OLIATITi PACE VALUE ANNUAL INCOME YELD DG TOO INC TOO CASH 31,900 29.3000 934,670 Total Equities& Options $&786.293 $97.052 TOTAL EQUITIES $5.786.293 $97.052 YOUR TOTAL ESTIMATED ANNUAL INCOME $97.052 YOUR PRICED PORTFOLIOHOLDINGS $5.888,066 Transaction Detail INVESTMENT ACTIVITY muttPANT TRADE DATE DATE TRANSACTION oescRenom SIMBO:CuSP OUNVTiTe PRCE DEBIT AMOUNT CREDO ATAOUNT 04/10/02 JOURNAL ALLIED WASTE INDUSTRIES INC AV/ 50.000 NEW JOURNAL FROM TYPE 2 TO I 04/10/02 JOURNAL CROWN AMERICAN REALTY TRUST CWN 5.000 JOURNAL FROM TYPE 2 TO I AL ?EarCeitioitidllrigt I KLT .dbo JOURNAL FROM TYPE 2 TO I 04/10/02 JOURNAL FIVE STAR QUALITY CARE INC EVE 100 JOURNAL FROM TYPE 2 TO I twitir1/2 AMA'. dERIMMITEXOTTATAI INd 4LE l.dbo JOURNAL FROM TYPE 2 TOT 027 04,27,02:12DI 031 VS57 EFTA00200708 CLEARED THROUGH ITS niCkLY CAMEO SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 CPP Bear. Stearns 8 Co. Inc. BEAR New YY New York 10179 Ore Mem:tech Center NOM Beccidon. New VC* I I201.3SS9 STEARNS JEFFREY EPSTEIN 6 STATEMENT PERIOD March 29,2002 THROUGH AprIl 26.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUIMER OR File INVESTMENT ACTIVITY (continued) LAST STATEMENT March 28.2002 SETTLEMENT TRADE DATE DATE TRANSACTION OESORPTION STME/OLCUSP GUMMY ran DEEDAMOUNT CREW AMOUNT 04/10/02 JOURNAL GLIMCHER REALTY TRUST-SRI GRT 2,000 JOURNAL FROM TYPE 2 TO 1 04/10/02 JOURNAL HRPT PROPERTIES 1R-SBI HRP 10,000 JOURNAL FROM TYPE 2 TO 1 04/10/02 JOURNAL HOSPITALITY PROPERTIES TRUST HPT 2.000 SBI JOURNAL FROM TYPE 2 TO I beitiok Jetilnit JOHlunigiiiiiiiiii AL, 57.g00 JOURNAL FROM TYPE 2 TO I 04/10/02 JOURNAL KRAMONT REALTY TRUST KRT 2,000 JOURNAL FROM TYPE 2 TO I 04/10/02 JOURNAL RAMCO GERSHENSON PROPERTIES RPT 12,000 TRUST-MD SEA JOURNAL FROM TYPE 2 TO 1 04/10/02 JOURNAL SIFUUS SATELLITE RADIO INC SIR( 1.000 JOURNAL FROM TYPE 2 TO 1 04/10/02 JOURNAL ALLIED WASTE INDUSTRIES INC AW -50,000 NEW JOURNAL FROM TYPE 2 TO 1 04/10/02 JOURNAL CROWN AMERICAN REALTY TRUST CWN -5,000 JOURNAL FROM TYPE 2 TO 1 04/10/02 JOURNAL FELCOR LODGING TRUST INC FCH -2,000 JOURNAL FROM TYPE 2 TO I 04/10/02 JOURNAL FIVE STAR QUALITY CARE INC FVE -100 JOURNAL FROM TYPE 2 TO 1 04/10/02 JOURNAL GLENBOROUGH REALTY TRUST INC GLB -2,000 JOURNAL FROM TYPE 2 TO 1 04/10/02 JOURNAL CLINCHER REALTY TRUST-SBI GRT -2,000 JOURNAL FROM TYPE 2 TO 1 04/10/02 JOURNAL HRPT PROPERTIES TR-SBI HRP -10,000 J3lANAL cP.01.I TYPE 2 TO I O427O:e.izbi Or,n vt05/ EFTA00200709 CLEARED THROUGH ITS ?RIMY 0%M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Steers Seenter Dory. Bear. Stearns 8 Co. Inc. BEAR New York. New York 10179 OtoLletiotech CarrIN North Beccidon. New Tuft 112014859 STEARNS JEFFREY EPSTEIN 7 STATEMENT PERO° March 29.2002 THROUGH April 26.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WEBER Ofl File INVESTMENT ACTIVITY (continued) LAST STATEMENT March 28.2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOL:CUSP °Wily plIrCE DEBIT AMOUNT CFEDIA/d1Octer 04/10/02 JOURNAL HOSPITALITY PROPERTIES TRUST HPT -2,000 SBI JOURNAL FROM TYPE 2 TO 1 nb 62 AL iiiiiiiiii J -57, JOURNAL FROM TYPE 2 TO 1 04110/02 JOURNAL KRAMONT REALTY TRUST KRT -2,000 JOURNAL FROM TYPE 2 TO I J66NNAL Wotitanagt51,41511151VAYitg APY -11.000 TRUST-MD SBI JOURNAL FROM TYPE 2 TO I 04/10/02 JOURNAL SIRIUS SATELLITE RADIO INC SIRI -1.000 JOURNAL FROM TYPE 2 TO I TOTAL DIVIDENDS DATE OESCFaPTION STIABOIJCUSIP OLIANTITT RATE (6, DEMI AMOUN' [AEON AMOUNT 04/15/02 GLENBOROUGH REALTY TRUST INC GLB 2.000 0.4300 860.00 REC 04/01/02 PAY 04/15/02 64/1841 otILV-IggstinLIVYMI§Tai MY 2.006 0.4808 961.60 REC 03/29/02 PAY 04/15/02 04/16/02 RAMCO GERSHENSON PROPERTIES RPT 12.000 0.4200 5.040.00 TRUST-MD SBI REC 03/31/02 PAY 04/16/02 04/22/02 CENTER TR INC CTA 2.000 0.0600 120.00 REC 03/29/02 PAY 04/22/02 04/21/02 KRAMONT REALTY TRUST KRT 2.000 0.3250 650.00 REC 03129/02 PAY OV20,02 TOTAL 57.631.60 027 04,27,02:12DI 031 Y557 EFTA00200710 CLEARED THROUGH ITS Yrispri O1M.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.,44.1 C.00. Bear. Stearns & Co. Inc. BUR New YY New York 10179 Ore Mevolech Contm North Bt kiln. New To* 112014859 STEARNS JEFFREY EPSTEIN 8 STATEMENT PERIOD MVP, 29.2002 THROUGH AprIl 26.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER MAURER On File INTEREST LAST STATEMENT Minh 28.2002 DATE DESORPTION SYMBOUCTISIP OURARITT RATE I14/ DEPT AMOUNT CREDIT AMOUNT 04/22102 FROM 0321 THRU 04/20 @2112% 2.5000 1,298.34 BAL 6.861- AV13AL 719.080 04/22102 INTEREST ON CREDIT BALANCE 1.2500 41.00 AT 1 1/4% 03/21 THRU 04/20 TOTAL $-1,298.34 $41.00 MISCELLANEOUS DATE MCIOAT 711MISACTO4 DESCRIPTOR COW AMOUNT CREPT OAKUM 04/05/02 JOURNAL TO 26,087.76 04/09/02 JOURNAL FROM 1,100,000.00 04/10/02 JOURNAL JOURNAL FROM TYPE 1702 1,004,600.69 04/10/02 JOURNAL JOURNAL FROM TYPE 1702 1,004,600.69 TOTAL $ 1.030.688.45 52.104.600.69 End of Statement 027 04/27102:12:01 001 V557 EFTA00200711 CLEARED THROUGH ITS YiHOLLY 01WE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. SIWAS Seamks Gap. Bear Stearns & Co. Inc. BEAR Ono Mentech Cooler Hone Elfeck/on, Nee York 1120/3859 STEARNS New Y New York 10179 JEFFREY EPSTEIN STATEMENT PERIOD February 23.2002 ACCOUNT EXECUTIVE LIC,HERMAN.IFIA TELEPHONE THROUGH March 28.2002 VISIT OUR WEBSITE IAN'.uearstearns.com ACCOUNT NUMBER What's In This Statement IIIIIIIIIIIIIIIII II TAXPAYER NUMBER On File LAST STATEMENT February 22.2002 Financial Summary 3 JEFFREY EPSTEIN 4 CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings 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 Cash & Equivalent 8-978.513 TOTAL VALUE OF SECURITIES THIS PEFUDEr 5.931 653 8-958.140 NET DEBIT BALANCE -978.513 Equities $5.931.653 $5 452 620 NET EQUITY THIS PERIOD $4.953.140 lin Current market value NET EQUITY LAST STATEMENT 4,494.480 NE Last statements market value CHANGE SINCE LAST STATEMENT 458.660 Short market value 'Ms portfolio melodies ono of mom urpeleo5 stones rat me nee mien., es Ts Taal Wu, of Seconds and the Hot (poly nw Ported There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. mod oaf Offoraroe a roomette of flees or socks, odicalod as clortarta lo mu. lo Cleol Santos of 800(31-1428: a Hob) lo ChM Spokes at Boot Steam &corn*. Coe.. One Llettlecli Coolly Horth. Broom, NY. II201-SBEH SI ins emYsTafY toe MkOIMBOoll panes caly. k NORM as a Um donned Tin statemere shorn be Mane] for your records See reverse Sea fa Irreperlart OMOrmMKG 027 022002:20:33 001 v555 EFTA00200712 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceolkescitech Cantet North acedCon. New it* I 1201.38S9 JEFFREY EPSTEIN 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0129.0220:33 001 VS55 EFTA00200713 CLEARED 1NRO00H ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bar. SZeiros SONobtl Cat. Bear. Stearns 8 Co. Inc. BUR New YY New York 10179 Ore Metsolech Carat North Becck//n. New To* 11201.3859 STEARNS JEFFREY EPSTEIN 3 STATEMENT PERIOD February 23.2002 THROUGH March 28.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER KAMER Ofl File 7146 PERIOD YEAS TO DATE This Pc o0 LAST STATEMENT February 22.2002 Opening Balance $-958.140.16 Dividends 11.454.00 16,384.00 Dividends/Interest 11,454.00 Total $11,454.00 $16.384.00 Margin Int. Paid -1.877.05 -5,218.33 Amount Credited $11,454.00 Dividends/Interest Charged -1.877.05 Miscellaneous -29.949.72 Portfolio Composition Amount Debited $41.826.77 SHOAT LONG Net Cash Activity -2D372.77 Cash/Cash Equivalent 978.513 Equities 5.931,653 Closing8atance $-978.512.93 Total $978.513 $5.931.653 Your Portfolio Cash Balance Summary Allocation OPENING 1,1a-; ri -958.140.16 -978,512.93 Shan Cash 6 Eg.ivatent Net Cash Balance $-958.140.16 $-978,512.93 I 4% — Equities 86% Unth/Cled P0,00, 5 eon,* oa0r bloom *NW 'NH ma*eC aye, Tho olorahr reventor to awed iron to obval.te market robe or >out polka" 027 012902:20:33 001 V555 EFTA00200714 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 Cory. Bear. Stearns 8 Co. Inc. BEAR New YY New York 10179 0-41km:tech Center North Beccidon. New Ye* II201.38S9 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD February 23.2002 THROUGH March 28.2002 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WEBER On File LAST STATEMENT TeDruEuy 22.2002 MARKET ESTIMATED CURRENT DESCRIPTION SYMBCtiCUSIP DUMMY PRICE VALUE AANUN. INCOME TELO CASH BALANCE 978.513 TOTAL CASH & CASH EQUIVALENTS $-978.513 EQUITIES Equities & Options ACCT IMNCE1 ESTRUM') CURREN' DESCRriOtt SYMBOUCUSIP TYPE DUAMITT PRICE VALUE ANNUAL INCOIAE TEJON) ALLIED WASTE INDUSTRIES INC AW MRGN 50.000 13.0000 650.000 NEW CENTER TR INC CTA CASH 2.000 5.2900 10.580 480 4.5369 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpoced CROWN AMERICAN REALTY TRUST CWN MRGN 5.000 9.7400 48.700 4.200 8.6242 FELCOR LODGING TRUST INC FCH MRGN 2.000 21.2500 42.500 400 0.9412 FIVE STAR OUAUTY CARE INC FVE MRGN 100 7.3200 732 GLENBOROUGH REALTY TRUST INC GLB MRGN 2.000 21.5000 43.000 3.440 8.0000 GLIMCHER REALTY TRUST-SBI GRT MRGN 2.000 18.5500 37.100 3.846 10.3666 HRPT PROPERTIES TR-SBI HRP MRGN 10.000 9.0000 90.000 8.000 8.8889 HOSPITALITY PROPERTIES TRUST HPT MRGN 2.000 34.3300 68.660 5.680 8.2726 SBI JOHNSON& JOHNSON JNJ MRGN 57.800 64.9500 3.754.110 41.616 1.1085 KRAMONT REALTY TRUST KRT MRGN 2.000 13.5500 27.100 2.600 9.5941 WACO GERSHENSON PROPERTIES RPT MRGN 12.000 17.7600 213.120 20.160 9.4595 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI MRGN 1,000 5.3200 5.320 027 03.200220:33 001 V555 EFTA00200715 CLEARED THROUGH NS vnghlY OrthE0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Szee•ns 508,481 Cory. Bear. Stearns 8 Co. Inc. BEAR New York. New York 10179 Ore Mevoiech Canto/ North Betatron. New To* 112014859 STEARNS JEFFREY EPSTEIN 5 c/ STATEMENT PERIOD February 23.2002 THROUGH March 28.2002 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER AXAMER On Fee LAST STATEMENT February 22.2002 Equities & Options (continued) ACCT IAARKET ESTEMTED CURRENT DESCRIPTION SYMBOUCUSIP TYPE 019041T1 PRICE VALUE ANNUAL INCOME YELD TOO INC TOO CASH 31.900 29.4900 940,731 Total Equities& Options $5.931,653 $90.422 TOTAL EQUITIES $5.931,653 $90.422 YOUR TOTAL ESTIMATED ANNUAL INCOME $90.422 YOUR PRICED PORTFOLIOHOLDINGS 54.953.140 Transaction Detail DIVIDENDS DATE DESCRIPTION STMECIAVSIP CCANTITY RATE 5.) men AMOUNT CAECIT MACINT 03/12/02 JOHNSON& JOHNSON JNJ 57.800 0.1800 10.404.00 REC 02/1902 PAY 03/1202 03/15/02 CROWN AMERICAN REALTY TRUST CWN 5.000 0.2100 1950.00 REC 03,04,02 PAY 03/5102 TOTAL $11.454.00 027 02290220:33 001 Vf.,55 EFTA00200716 CLEARED THROUGH ITS wilekLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Noon Soonber COO. Bear. Stearns 8 Co. Inc. BEAR Ore Mevolech Center North Bt kil n, New Ye* 112014869 STEARNS New York. New York 10179 JEFFREY EPSTEIN 6 c/ STATEMENT PERIOD February 23.2002 THROUGH March 28.2002 Transaction Detail (continued) ACCOUNT mower, TAXPAYER KAMER Cfl Fee INTEREST LAST STATEMENT February 22.2002 DATE DESORPTION SYMBOCCvStP QUANTITY RATE I%) DEBIT AMOUNT CREDIT AMOUNT 01121102 FROM 0/ OTHRU 0/ 0 02 112% 2.5000 1,877.05 BAL 976.635 AVBAL 965.338 TOTAL $-1.877.05 MISCELLANEOUS DATE won TRANSACTew DESCRIPTION DENT AMOUNT OPEC"! AMOUNT 03/11/02 JOURNAL TO 29.949.72 TOTAL S-29.949.72 Your messages Pursuant to SEC Rule 11Ac1.6, Bear, Stearns & Co. Inc will Bear, Steams Securities Corp. Net Capital and Net Capital ea' publicly post its quarterly routing statistics at the following web link: Requirements: http://www.bearsteams.comicorporateibusinessiequitiesiorp.htm At November 30, 2001 and January 31, 2002, the Company's net capital of approximately $2.6 billion and $2.6 billion was approximately 9% and 8% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $604.1 million and $648.0 million by approximately $2.0 billion and $2.0 billion, all respectively. A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site lyww bearsteams corn Alternatively, to request a free printed copy please call -toll free 1.866.299.9331. 027 0129.0220:33 001 YS5S EFTA00200717 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT S.W.SOWS Seam* Gad Bear. Stearns & Co. Inc. BEAR Ono Movotech Confer North BrockIgn. Hew York 11201.3859 STEARNS New Y New York 10179 JEFFREY EPSTEIN STATEMENT PERK* January 26.2002 ACCOUNT EXECUTIVE ZICHERMAN.IRA TELEPICCE THROUGH February 22.2002 VISIT OUR WEEISITE e.'/A1 uearstearns.com /Cain NUMBER What's In This Statement III' III I 11II 11 811 II TAXPAYER NUMBER On File LAST STATEMENT January 25.2002 Financial Summary 3 JEFFREY EPSTEIN 4 CIO FINANCIAL TRUST COMPANY Your Portfolio Holdings 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 & Equvalent I S-958.140 TOTAL VALUE OF SECURITIES THIS PERM' 5.452.620 I 5-924.169 NET DEBIT BALANCE -958.140 Equates 155.452.620 55.294.810 NET EQUITY THIS PERIOD $4.494,480 IN Current market value NET EOUITY LAST STATEMENT 4.370.641 IM Last statement's market value CHANGE SINCE LAST STATEMENT 123.839 Short market value •This portfolio dicludits ono or more ureescoa morns w MO at *1015,0 H fe Taal Yea al Secwbos and the Na Ewa The Pared There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Plo.mo row oaf arororoo a ronrocam of teas or mocks. orecomd as cloltrofoti II you. TM Stowell, tarrefaleSOOMI preens a-lye's not send as a Mt documat lo GPM Sonion 01800(31.14211: a yet lo Glom Somon a Bow. Steam &Humes Car.. One 1.1elmIali Goole. Hone. 13codbn, NY II201-3859 St nes StMestere shaad Es manes fu. your records See reverse ode fa mortar< liteMatKa 027 D22102:10:07 001 Y527 EFTA00200718 CLEARED 1HROUGH RS wilekLY 0"E0 SUBSIDIARY Beer. Saea•ns SON, t4,1 COO. Ceolkescitech Cantet North acedCon. New it* I 1201.38S9 JEFFREY EPSTEIN 2 of STATEMENT BACKER IS PRINTED ON THIS PAGE 027 0223.0200:07 001 VS27 EFTA00200719 CLEARED 1HRWGH ITS niCkLY 1n.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Szewns Sacwiriti Corp. Bear. Stearns & Co. Inc. Mevolech Cantof North BUR New YY New York 10179 Cc* Becck//n. New Tuft 11201.3859 STEARNS JEFFREY EPSTEIN 3 STATEMENT PERO) January 26.2002 THROUGH February 22.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER AMMER On Fite THIS PERIOD 16 PERIOD YEAR TO DATE LAST STATEMENT January 25.2002 Opening Balance $-924.169.49 Dividends 3,420.00 4,930k0 Dividends/Interest 3.520.00 Total $3.420.00 $4,930.00 Margin Int. Paid -2.013.78 -3,34128 Amount Credited $3.520.00 Dividends/Interest Charged -2.01338 Miscellaneous -35.476.89 Portfolio Composition Amount Debited $-37.490.67 SHOAT LONO Net Cash Activity -33.970.67 Cash/Cash Equivalent 958.140 Equities 5.452,620 Closing Balance $-958.140.16 Same dui Vanity, onduzled m r; arc not MN Total $958.140 $5.452,620 20:110n SuCh Imnzttti a‘ IfinSSICOS ns p000d. 440M In Teatc4a.x. D0141 Your Portfolio Allocation Cash Balance Summary CLOSING Shan Cash 6 Eg.ivatent Cash 80.00 0.00 I 4% Margin -924,249.49 -958.140.16 Net Cash Balance $-924.169.49 $-958.140.16 — Equities 86% UnWOCIed pons's OenOle Oat beano* *nett Orr male *vets MO 010Cahri I:Merits-0 , Sclruecl ham to 00191/e market rat), 01 >CV p0, 1100 027 022102:10:07 001 V527 EFTA00200720 CLEARED THROUGH ITS niCkLY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirhs SOC,r44,1 co(I. Bear. Stearns 8 Co. Inc. BEAR New York 10179 0-41km:tech Center North Beoclo1n. New Ye* 11201.3955 STEARNS Nenv YY JEFFREY EPSTEIN 4 STATEMENT PERM January 26.2002 THROUGH Peonies,/ 22.2002 Your Portfolio Holdings ACCCUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER WESER OR Fite LAST STATEMENT Januar/ 25.2002 MARIO ESTIMATED CURRENT DESCRPRON SYMBCtiCUSIP DUMMY PRICE VALUE ANNUOL INCOME TELO CASH BALANCE 958.140 TOTAL CASH & CASH EQUIVALENTS S-958.140 EQUITIES Equities & Options ACCT MANCE1 ESTRIATED CURRENT DESCRPTiOtt SYMBOUCUSIP TYPE DUAMITT PRCE VALUE ANNUAL INCOIAE YIELD IM ALLIED WASTE INDUSTRIES INC AW MRGN 50,000 11.3300 566.500 NEW CENTER TR INC CTA CASH 2.000 4.0800 8,160 320 3.9216 CANHORN CHEMICAL CORP CNCPF CASH 19 tMpriced CROWN AMERICAN REALTY TRUST CWN MRGN 5.000 8.9500 44.750 4,200 9.3855 FELCOR LODGING TRUST INC FCH MRGN 2.000 19.0900 38.180 400 1.0477 FIVE STAR OUALIIY CARE INC FVE MRGN 100 8.4000 840 GLENBOROUGH REALTY TRUST INC GLB MRGN 2.000 20.6300 41.260 3.440 8.3374 GLIMCHER REALTY TRUST-SBI GRT MRGN 2.000 17.8000 35.600 3.846 10.8034 HRPT PROPERTIES TR-SBI HRP MRGN 10.000 8.7400 87.400 8.000 9.1533 HOSPITALITY PROPERTIES TRUST HPT MRGN 2.000 31.4800 62.960 5.680 9.0216 S8I JOHNSON& JOHNSON JNJ MRGN 57.800 59.4000 3.433.320 41.616 1.2121 KRAMONT REALTY TRUST KRT MRGN 2.000 13.5000 27.000 2.600 9.6296 RAMCO GERSHENSON PROPERTIES RPT MRGN 12.000 17.6900 11280 20.160 9.4969 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI MRGN 1.000 4.3600 4.360 027 0223.0200:07 001 V527 EFTA00200721 CLEARED THROUGH ns vngsly °ME° SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SOC.r.htl Cory. Bear. Stearns & Co. Inc. BEAR New York. New York 10179 Ore Mevolech Cant“ North Beccidon, New VC* 11201.3959 STEARNS JEFFREY EPSTEIN 5 c/ STATEMENT PERIOD January 26.2002 THROUGH February 22.2002 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER NUMBER OR File LAST STATEMENT January 25.2002 Equities & Options (continued) ACCT IAAR(ET ESTIMATED CURRENT DESORPTION SYAIBOUCUSIP TYPE OLVITIn MCC VALUE ANNUM. INCOME YELD TOO INC TOO CASH 31.900 27.9000 890,010 Total Equities& Options 85.452.620 $90.262 TOTAL EQUITIES $5.452.620 $90.262 YOUR TOTAL ESTIMATED ANNUAL INCOME $90,262 YOUR PRICED PORTFOLIOHOLDINGS $4.494.479 Transaction Detail DIVIDENDS DATE DESORPTION SYME/CIAVSIP DUMMY RATE IS) DENT AMOUNT OTEDIT AMOUNT 0141/02 FELCOR LODGING TRUST INC FCH 100.00 CASH DIV CH 2000 SHS REC 12131/01 PAY 01/31/02 AMOUNT INCLUDED ON 2001-1099 02/19/02 HOSPITALITY PROPERTIES TRUST HPT 2.000 0.7100 1.420.00 SRI REC 01/18102 PAY 02/1202 02/22/02 HRPT PROPERTIES TR-SBI HRP 10.000 0.2000 2.000.00 REC 01/1202 PAY 02/2202 TOTAL $3.520.00 027 02230200:07 001 V527 EFTA00200722 CLEARED IIIRCOGH ITS wisem.Y CAW.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet Stetrns Off. Bear. Stearns 8 Co. Inc. BffiR New York. New York 10179 Cr.* Meveleen Conte< North Neck/pl. Nev. Te6. 11201.3859 STffiRNS JEFFREY EPSTEIN 6 c. STATEMENT PERIN) January 26.2002 THROUGH February 22.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER AMMER OTIFIle INTEREST tar STATEMENT January 25.2002 DATE DESORPTION SWBOuGUSIP OVANTITY RATE IS; DENT AMOUNT GRECO AMOUNT 02/21/02 FROM 01121 THRU 02+20 @/2 12'4 2.5000 2.013.78 BAL 958,128 AVBAL 935.435 TOTAL 52,013.78 MISCELLANEOUS DATE »O'DAY TP)NSACTCN DESCRIPTION DENT AMOUNT CPEDIT AMOUNT 02/11/02 JOURNAL TO 35,476.89 02/12/02 JOURNAL JOURNAL FROM TYPE 2 TO 1 35.396.89 02/12102 JOURNAL JOURNAL FROM TYPE 2 TO 1 35.396.89 TOTAL 5.70.873.78 535,396.89 End ol Statement 027 0223.02:IGO) 001 VS27 EFTA00200723 CLEARED THRCOGH ITS WHOLLY 01WED SUBSIDIARY OFFICE SERVICING YOUR ACOOLM Beet. SOMAS SBCWilIe OMB Bear Stearns & Co. Inc. BEAR Ono lientech Cooler Noah 8(tddoll, Nee Tett 1120/3859 STEARNS New Y New York 10179 JEFFREY EPSTEIN ACCOUNT EXECUTIVE ZICHERMAN.IRA STATEMENT PERK* January 1.2002 TELEPHONE THROUGH January 25.2002 VISIT OUR WEBSITE vAv.uearstearns.com ACCOUNT NUMBER What's In This Statement TAXPAYER NUMBER OR Elle LAST STATEMENT December 31.2001 Financial Summary 3 JEFFREY EPSTEIN 358 EL BRILLO WAY Your Portfolio Holdings 4 PALM BEACH FL 33480.4730 Transaction Detail 5 Your Messages 7 Your Portfolio at a Glance Market Value of Your Portfolio Cash & Equvalent 16-924.169 TOTAL VALUE OF SECURITIES THIS PERIOD' 5.294.810 I 9-895.708 NET DEBIT BALANCE -924.169 ERUI!IBS $5.294.810 $4.656.390 NET EOUITY THIS PERIOD $4.370.641 NO Current market value NET EOUITY LAST STATEMENT 3/59.682 IN Last statements market value CHANGE SINCE LAST STATEMENT 610.959 Short market value 'Ms portfolio dud ono of mom uroescoa socurnos rat me ea retocka rite Idol Yea of Sectabos and me PRO (poly Ms Ported There are no 'Stop Loss' orders or other pending buy or sell open orders on file for your account. Ple.ma mow oaf cletoronoo a cor.room of flees or stocks, oulicoled as doltrorod to you. "CC miCaWbOall Bolton, Caryl IS fa INVIdild AS a Um downed to Gent Sonic*. of 800614.1428: a Hobs to ChM SONIC.). a Bow. Steam &conies Tara staternere shield be retaned for your records Sn revers* cede for owlett rdcemaeon Cal). Coo LieYON', Coolly Honk °NOV,. NY II2ObSeSS. 027 Db26,02:013:54 001 v520 EFTA00200724 CLEARED 1HRCO3H nS WHOLLY OWNED SUBSIDIARY 1308i. SOMAS Soowntlef Cw0. Ono Llevotech Center Hann BreaIgn. Hew Ywk 11201.O859 JEFFREY EPSTEIN 2 al 7 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 131,26,02:08:54 001 V520 EFTA00200725 CLEARED 1HRWGH ITS ?NCO.? Ot1O.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZetros S0Nobtf Cary. Bear. Stearns 8 Co. Inc. BEAR New York. Nen York 10179 Cr.* Mevolech Contot North Becck/on. New Tuft 112014859 STEARNS JEFFREY EPSTEIN 3 o, STATEMENT PERIOD January 1.2002 THROUGH January 26.2002 ACCOUNT NUMBER Cash Flow Analysis Income Summary TAXPAYER WESER On File THIS PERIOD TI-IS PERIOD YEAR TO DATE LAST STATEMENT December 31.2001 Dividends 1,510.00 1,510.00 Opening Balance 5-895,708.49 Total $1,510.00 $1,510.00 Dividends/Interest 7,591.60 Margin Int. Paid -1,327.50 -1,327SO Amount Credited $7.591.60 DividendsAnterest Charged -1.327.50 Miscellaneous -34.725.10 Portfolio Composition Amount Debited $-36.052.60 SHORT LOW CashrCash Equivalent 924.169 Net Cash Activity -28.461.00 Equities 5.294.810 Closing8atance 5-924 169.49 Total 5924.169 $5.294,810 Your Portfolio Cash Balance Summary Allocation OPENING CLOSNO Cash 0.00 80.00 Margin -895,708.49 -924,249.49 Short Cash 8. Equivalent - I4% Net Cash Balance 5-895.708.49 5-924.169.49 — Equities 86% UnWOCled POMO, ' 00.01e oat bloom *NW 'NH male valve T o 010Cahr. revemar to Goosed ham to otwol.te market rat), or >out Mika" 027 DE2802:08:54 001 V520 EFTA00200726 CLEARED THROUGH ITS OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. SZeirns SON, t4,1 Cory. Bear. Stearns & Co. Inc. BEAR New YY New York 10179 Cc* Mevolech Car:Ng North Beano. New Ye* 11201.3859 STEARNS JEFFREY EPSTEIN 4 STATEMENT PERIOD January 1.2002 THROUGH January 25.2002 Your Portfolio Holdings ACCOUNT NUMBER CASH & CASH EQUIVALENTS TAXPAYER NURSER On FIk LAST STATEMENT December 31.2001 MARKET ESTIMATED CURRENT DESCRPRON SYMBCtiCUSIP QUANTITY PRICE VALUE *NUN. INCOME YELD CASH BALANCE 924.169 TOTAL CASH & CASH EQUIVALENTS $924.169 EQUITIES Equities & Options ADC! IMFOCE1 ESTRUM CURREN' UtSCRriON SYMBOUDISIP TYPE DUAMITY PACE VALUE ANNUAL INCOIAE YIELD 1%) ALLIED WASTE INDUSTRIES INC AW MRGN 50.000 116000 580.000 NEW CENTER TR INC CTA CASH 2.000 4.1600 8.320 320 3.8462 CANHORN CHEMICAL CORP CNCPF CASH 19 tlnpdoed CROWN AMERICAN REALTY TRUST CWN MRGN 5.000 8.0400 40.200 4,200 10.4478 FELCOR LODGING TRUST INC FCH MRGN 2.000 17.3500 34.700 400 1.1527 FIVE STAR OUALIIY CARE INC FVE MRGN 100 8.0500 805 GLENBOROUGH REALTY TRUST INC GLB MRGN 2.000 20.1500 40.300 3.440 8.5360 GLIMCHER REALTY TRUST-SBI GRT MRGN 2.000 17.5900 35.180 3.846 10.9323 HRPT PROPERTIES TR-SBI HRP MRGN 10.000 8.7100 87.100 8.000 9.1848 HOSPITALITY PROPERTIES TRUST HPT MRGN 2.000 29.2000 58.400 5.680 9.7260 S8I JOHNSON& JOHNSON JNJ MRGN 57.800 57.6500 3.332.170 41.616 1.2489 KRAMONT REALTY TRUST KRT MRGN 2.000 12.9400 25.880 2.600 10.0464 WACO GERSHENSON PROPERTIES RPT MRGN 12.000 17.5500 210.600 20.160 9.5726 TRUST-MD WI SIRIUS SATELLITE RADIO INC SIRI MRGN 1,000 6.9700 6.970 027 01,260203:54 001 V520 EFTA00200727 CLEARED THRWGH ITS niCkLY OW,E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beer. Saea•ns SON, t4,1 COO. Bear. Stearns 8 Co. Inc. BEAR New York. New York 10179 Ore Mon:tech Car:Ng North BecciOon, New Ye* 112013859 STEARNS JEFFREY EPSTEIN 5 c/ STATEMENT PERIOD January 1.2002 THROUGH January 25.2002 Your Portfolio Holdings (continued) ACCOUNT NUMBER TAXPAYER MAWR OR File LAST STATEMENT December 31.2001 Equities & Options (continued) ACCT IMPXE1 ESTIMATED CURRENT DESORPTION SYMBOUCUSIP TYPE OLV.% ITN VALLE ANNUAL INCOME YELD TOO INC TOO CASH 31.900 26.1500 834.185 Total Equities& Options $5,294.810 $90.262 TOTAL EQUITIES $5,294,810 $90.262 YOUR TOTAL ESTIMATED ANNUAL INCOME $90,262 YOUR PRICED PORTFOLIOHOLDINGS $4.370.640 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACT/ON DESORPTION STME/OLOUSP CAJANTir, Pact DEBIT AMOUNT CREDIT AMOUNT 01/07/02 01/02/02 BOUGHT FIVE STAR QUALITY CARE INC EVE 100 SPINOFF ON 10000 SHS HRPT PROPERTIES TR-S& SPIN-OFF FIR H00442 I REC 12/17101 PAY 12/31101 0125,02 RECEIVED TOO INC TOO 31.900 0015 TOTAL 027 DE2602:06:54 001 VS20 EFTA00200728 CLEARED THRWGH ITS witCkLY 1h.E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beet SZeirhs SOC,r44,1 Cory. Bear. Steams 8 Co. Inc. BEAR New York. New York 10179 0 -4Mo:elect+ Center North Bt kiln. New To* 11201.38S9 STEARNS JEFFREY EPSTEIN 6 o STATEMENT PERIOD January 1.2002 THROUGH January 25.2002 Transaction Detail (continued) ACCOUNT NUMBER TAXPAYER NUMBER OR File DIVIDENDS LAST STATEMENT December 31.2001 DATE DESCRPTKIN SYMBCIALISIP Comore RATE (5) DEBIT AMOUNT CREDIT AMOUNT 01/15/02 GLENBOROUGH REALTY TRUST INC GLB 2.000 0.4300 860.00 REC 01/01/02 PAY 01/15102 01/15/02 GLIMCHER REALTY TRUST-SBI GRT 961.60 CASH DIV ON 2000 SHS REC 12/31/01 PAY 01/1502 AMOUNT INCLUDED ON 2001-1099 61/15/0 U1:4613-orntWEIMMSORYIYIES AOY 5.040.00 TRUST-MD SBI CASH DN ON 12000 SHS REC 12/31/01 PAY 01/15/02 AMOUNT INCLUDED ON 2001-1099 01/22/02 KRAMONT REALTY TRUST KRT 2.000 0.3250 650.00 REC 01/04/02 PAY 01/19/02 01/22/02 CENTER TR INC CTA 80.00 CASH DIV ON 2000 SHS REC 12/31/01 PAY 01/21/02 AMOUNT INCLUDED ON 2001-1099 TOTAL 57.591.60 INTEREST DATE DESCAPTION STMEICUCUSIP OUAARITT RAM I%) DEBIT AMOUNT CREDIT AMOUNT 01/22102 FROM 12/31 THRU 01/20 ®21/2% 2.5000 1.327.50 BAL 923.571 AVBAL 910.283 TOTAL 5-1.327.50 027 DE2602:06:54 001 VS20 EFTA00200729 CLEARED THRWGH ITS ?RIMY 0"E0 SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT 808f. Saee•ns SON, t4,1 Dory. Bear. Stearns & Co. Inc. BEAR New York. New York 10179 Ore Meesetech Center North Beccidon. New Tuft 112014859 STEARNS JEFFREY EPSTEIN 7 o STATEMENT PERIOD January 1.2002 THROUGH January 25.2002 Transaction Detail (continued) ACCCUNT NUMBER TAXPAYER WESER Cfl File MISCELLANEOUS LAST STATEMENT December 31.2001 DATE 1.10DAT TRANSACT-ON DESCRIPT-ON DEB? AMOUNT CREPT AMOUNT 01/11/02 JOURNAL TO 34/25.10 TOTAL $34.725.10 Your messages The interest, if any, charged to your account during December 2001 was computed on the net debit balance through December 30, The interest, if any, charged to your account during January 2002 is computed from December 31, 2001, End of Statement 027 01/26/02,00:54 001 V520 EFTA00200730