EFTA01895721

Valuations 3/31/13 EFTA_R1_00319713 EFTA01895721 LE and Related EnNies Investment Summary 3/31/13 Cash 8 Equivilants Southern Fnancial LLC- (see note below) 14,388,658 .j.Epstein 1,997,654 HAZE Trust 28,354 FT Real Estate 2,161 Southern Trust Company 8,772,086 Jeepers 4,041,393 J.Epslein V1 FoundaIon 4,880,219 Total Cash 8 Equivalents 34,108,525 Less Cash in Operating Accounts (1,265,913) Cash in Foundations (4,1580,219) (6,146,132) Teal Available Cash 8 Equivalents 27,962,393 P Morgan Trading Account (cash, secure's, Derivithes)- SFLLC See Hole A 68,962,624 JP Morgan Trading Account (cash, seculars, DerNeat's} HAZE 22,282,685 JP Morgan Trading Account (cash, securities, Derivilives)- STC 6.125.418 Marketable Secuities -(fret) 10.775.708 Investment American Yacht Harbor (per JEE) 1,000,000 Settlements Receivable -DBZ 69,458,708 Partnership Investments 103,778,238 (see attached schedule) Total • 310 345 774 Value Above 310,345,774 Adjustments: Operating Cash 1,265,913 Loans Receivable 1,845,415 Total per attached valuation schedule 313 457 102 • Investment partnerships are subject to various restrictions on withdrawabs, and therefore, 313.457,102 the timing of availability of funds MI be so limited NOTE A: The JPM trading account was funded with 375 Millon, During July 2011 we withdrew $ 52,478,520. On 2/14/12 the account was reduced by 8501,930 for the purchase of 16,535 Ariad Pharrreceuticals 8 2,095 Biogen IDEC. on 5/22/12 the account was reduced by $1,330,000 or the purchase of 35,000 dares of Facebook. In August 2012 the account moteed $349,402 from the sales proceeds od 17,500 sh of Facobook On 9/12/12 the account was reduced by SlOrnm for the transfer to Mod Inc. On 11/9/12 there was a bander to JEE of $1,000,000 EFTA_R1_00319714 EFTA01895722 J. EPSTEIN 1 RELATED ENTITIES VALUATIONS CASH,LIABILMES.INVESTMENT5 3/31t13 pthrthern Flnamiel LLC 02128/13 00/31113 01491113 YTD Mush ACCOUNTS VALUATION MEMORIAM= J P MCRGAN- Cash 11,027,777 11339,456 P Morgan Trading Account 68848.749 611962.624 J P Morgan- Securtes 7,359,939 9264,361 Other Bank Accounts 178095 46.710 JP M (Bear Seam) 4,963,273 492 WEST RENTS - - TUDOR FUTURES 13307,449 13694,355 12,578999 8.67% 2.91% HiGH8RIDGE CAPITAL 18,930334 18916258 18,624,993 1.85% 021% MI. HERTZ 3,639,766 BEAR STEARNS Asset Backed Secuntes (7/31/09 yak 331.882 331.882 Southern Trust Consismi J P MORGAN• Cash 14,000.000 8.591,532 JP Morgan Traaing Atetont 992.500 6,125,416 180354 Settlements leepars CO ZWRN SPECIAL OPPURTUNITIES FUND 76,000.000 76,0[0,000 see footnote less partial withdrawal payment recetvel (6,541.292) (6341,292) J P mORGAN- Cash 4,041,393 4,041,393 JP Morgan Traillgi Account 1,506113 1,511,347 Other Bank Accounts Jaffrey Epstein INVESTMENT American Yacht Rota 1.033,000 1000.000 FT Real Estate (cash belays) 84,469 2.161 FT Real Estate Investment in ptshp st cost 1.420,503 1.508,833 CHECKNG/SAVINGS ACCOUNTS 683,748 1.265.913 LOANS DUE FROM INDIVICUALS 1.745,415 1,745,415 CORE CLUB NOTE 100030 103003 EROKERAGEACCOJNTS PM (Baar Stearns) 656,650 666.892 J P MORGAN 56.600 56105 Mod Inc Allphcom (at mat bates) 10.000,000 10.000.000 11$0.233 shares of common. and 695.301 shares of Set 5 Pfd) Rudely Tana 8.044 8.044 HAZE Tnnt HIGRBRICGE CAPITAL 35.034,864 35.106.437 34.404,356 205% 021% KING STREET (esbrnate) 23.950.806 24.164,473 23.276.473 362% 085% A Morgan -Caen 28,349 28,354 JP Morgan-managad amount 22,235,194 22.282.685 TOTAL 313627.907 313.457.102 THESE AMOUNTS CC/NOT INCLUDE HOUSES. AIRPLANEFIXTURES & OTHER A csFTS EFTA_R1_00319715 EFTA01895723 Reconciliation of large items Value 2/28/13 315,627,907 Partnerships 703,900 see below JPM Trading account- SFLLC (FTC) 115,875 JPM Trading account- HAZE 47,491 JPM Trading account- STC (67.082) Securities (419,498) Divklends/interest 1,162 Apollo Distribution Change In loan account cash spent : JEE (2.392,527) FTC (207,299) ML Hertz 33,922 cash received BSABS 13,251 miscellaneous total 313,457,102 Value 3/31/13 313 457 102 Partnerships SFLLC TUDOR FUTURES 386,906 SFLLC HIGHBRIDGE CAPITAL 39,754 Haze HIGHBRIDGE CAPITAL 73,573 Haze KING STREET 203,667 703,900 EFTA_R1_00319716 EFTA01895724 JEE end Rifle EriMIle *vabla Eoully lo« Inyeetnsota 3731/13 texurItlea Lone R Fair Mark«, Veiva 3/31/13 2/2813 gain(lom) 70,503 Mona Retta SFLLC 1,307,775 3183,806 124.000 20.00) Borriaanliar SFLLC 79.335 83582 (1,247) 21,753 JP Morgen SFLLC 1,032,397 1,084,157 (31.m) 303 157 AP340 ebbet Management SFLLC 5,024,717 6,188021 (492,104) 17,600 Facebook (portene:I 5/22/12) SFLLC 447,850 478675 (29.725) 18,535 Med Pharrnaceuteca SFLLC 294953 347.731 (48778) 2005 Bogen IDEC SFLLC 403534 348,482 53052 149490 JPM Fl Rate 4.24% Jaepra 1813347 1,508,863 4.484 10 775.703 11 196 208 (419 483) SFLLC()istory nclueeis FTC) •IPM Tie:ting (see attache:) unnialaed 8171,M6 ~Pål 2010 (1,519,30)) rmIczied-2010 "950~ KM Pal 2011 (741062) reafaed.2011 1,541.549 P8I2012 11.327.324 rea/940.2012 8708= Net Pal 2013 (1432007 malar:8.2013 f8294191 kal PiL era irrospbon 6923 677 8ø36 Inverem ente a/c. 3731/13 at Fair Marita Vakre SFLLC TUCOR FUTURES 13.094.355 SFLLC 1441481IDGE CAPITAL 18,970,253 SFLLC ABS Truet (Mat valuatto 7/31109 FTC metras rinnegy cenneutona) 331,882 MASE MIGKIRIDGE GAMAL 35.108.437 HATE KINO STREET 24,164,473 FT Real Estet* 21 Eest 20111 Seeim (al coat) 970,507 FF Real EMS Columbia Holdiegs(st Gov) 588.333 mørt Inc Akaba" (cosi tess) (1200.333 ah Fanene" 605301 te Ste 5 Vd) 10 [CO COO 103 778 238 Southem Trust Company (P. Burett minnad accounti Cosi FMV 2000.003 %troa Venezuela 8 5% 11/2717 1985.000 1,042.503 40,000 Cilavcep inc PFD 5 8% 1,030,003 0981:03 45.000 Fargo PF D 5.25% 1.125003 1,134,C00 1.000.000 13RL Lineal Mett 85% Flatner 5% ccepon 28.5% 01.9819 (3/27/14) T.000 003 963 000 3110 000 5,036303 Caen lor reeishinants ficcrued lnen 1,016758 70.300 6 125 418 EFTA_R1_00319717 EFTA01895725 JE E and Related Entries Cash Summary 341/13 SFLLC JPM 14,339,456 JPM (Bear Steams) 492 Bank accounts 46,710 14,389958 LE Bank accounts 1,265.913 1,265913 JPIA (Bear Steams) 666892 JPM 56.805 Betted)/ Trust (Bear Steams) 8,044 1,997,654 LEPERS JP Morgan 4.041.393 4 041,393 HAZE Trust JPM 28,354 28,154 FT Real Estate 2,161 2,161 Southern trust Company JPM 8,591.532 Bank accounts 180,554 8 772,086 Enhanced Education 4,880,219 4,880,219 Total Cash 34 109 525 34 1C8 52- nes does not include cash ci JP Morgan trading accounl EFTA_R1_00319718 EFTA01895726 ENHANCED EDUCATION 341113 PARTNERSHIPS 8 TOTAL CASH SECURITIES JP Morgan (Formerty Best Steams) 4.788.350 4.786,350 BANK 93,869 93.869 TOTAL 4.880.219 4.860,219 EFTA_R1_00319719 EFTA01895727 Global Investment Opportunities Group Account Position and MTM Summary (Open Positions) Prepared for Pam Trutt at of March 29. 2013 anent 1FX A Corner.«ley one.. 0.3127 XAUUSD 15973 GOPLISD 1.5199 USOIPY 94.170 5.1213 WOTAN 9/275 EUM.150 1.2115 LOOM% 2.0217 0.949 USOCAD 1.0178 0501119 1310 1.1504101( 5/476 • Manual Pncl 7/Mo nt BYIk mot mo Ineere‘r lØ 041O1PliOn E041 Mot (SI Marini Valk]. f.1: Entry PY (51 Current PIRG It: MIm R Teo, ed lLn 12 26 Jun It /000,030 PI o'er, /boa, 18% CP4 11111 TIP 11.)84.903 50 11000n %el Fl (5215,100) 5.4o.12 16-Apr-15 1,500,100 %%Mot CLN 6200% CPN 04/16/2115 pd 04/1642012 111,500010) 113411~ sst,ear 1100.00 510332 3119,1S1 US Mod income • %balsa Poo oe OIDOntre Trade Total tot Maturny Face Amount lout, tn.) Randy Nr at Call Date Coupon Pre. seal Cost Markel Value Entry Rite EVOnerilt Rue MIM Date eauoed 10-May.11 01.~-2014, 1.700.010 MalsOdy )ruagg (MP TM WA 72/5% . 9999.921 $1057 3111.nØ $184.321 9.0c912 15-14•3420111 500,000 Ipayrnent Inc CM* MOW« 10250% (143,000) 144‘1115 Sans $89.00 119.24 Mae 2.0c912 01.3"2019 1000.000 Kindred ~More Inc IMOV2014 11.730% 119%.1S0 11.025.(0) 310,10 19933 110230 $49,312 10-May-11 Propelvie 3,000,000 1Prrergan chafe • Co III *anon 730.16 (13331,450) 13.40170 M47M10 1111.27 $11533 1574,925 IC•••••T I 11 4P110•1 3)000M° tank Of Americo Corp IMP 05/192010 5.121% 63,31M100) 13,401,4,5 5454.340 $112.99 $113.31 1471,405 • Manual and . via ;Mau • en invenment lank Oada Taal Prem•int Enby Pre, (urreol Pout* Maturity Original /me nu. S&P Illatmg Nest Call Oat. Comm., Ps mar Ml Cost 15: M et Value (SI M1M Date (5) (loran (to< MI 2-Aud-12 2345e9.2035 4,300,000 Wimos 2005-9 II 0 10/259011 5A1425% (1/ Let ',7)) 11.67$ an/ tac2ws talµ 1T 47 1229,967 10.May 12 254Aal.2037 1,000,000 Chase 2107.41 12713 04/2542025 5.241% (5725.573.42) M51,671 5112)10 71430 11330 TWO' Mutual Fund, and Mom Market Track Dividends redly NAY (anent NOV Symbot Unita Company' Currency MTM Date necrpven (1447,11 (lucal) Avg !PPS% 19%551.15 1prorgan floating Plat•Oel USO 12.01850187) 2.017,111 TO 10 08911 /311 SS011 Avg OITYPX 317,09534 *organ WgN 11.0-10 1150 (2.624,429.14) 32,MMAND Oblee 8 2765 8.25 14391) EQ/1.0 Jo TO 81 TOW S1,499,512 13.3.509 51,883821 2012 (09 Open PTA $1,054:5664 Rape SO 1,0 10 Currant Open TAMA 51,415,152 9M /ST 1$24,9531 Cholvathre 50 10 50 YID Champ, In Open 11TM ($153 112) AltarrertNa SO 14) 10 2013 Closed PA 53511.556 ~or/ Mhalleneam SO TO SO Tot.* 11,415,113 1358.554 f1,15320Ø 30119iahr69Nrta 53,644 IT) TOO ISM*Man Chan 4 Co OZL6l£00- W- V133 EFTA01895728 Global Investment Opportunities Grotfp - 33. Morgan Securities UX. Account Position and MTM Summary (2013 Closed Positions) do t.101141 IaewtwvOpwntatll.. Preps rt tr,r ‘1,7 Trust as 01 March 29. 2013 arid &mut Seated dMay.12 2Sdur1.2054 2.5,2.1110 Wamu 200CArT 12 CCC 07075/2070 2.554% (11.140,40k I • ara 147 22.40.13 60 50 Mnrtgagt end Anet arulred I Mutual 'florid Market (5 Cutrldondr fatty NAV closing NAV To044. oat. Symbol Wits Corry any initial Cost (SI Market Value ad Closing Data (loud) Avg OHM% 111,310 as Ipmargan Ngn Vold•Ser DSO SI SOS 000 D•wa• 22dand) Sal (Q 2013 /Mama Owst C 2L6LE00-Ld-VJA3 EFTA01895729 Global Investment Opportunities Group J.P. Morgan Securities LI.C. Account Position and MTM Summary (2012 Closed Positions) Pe parr (Ey or M1 07e StuSisStOTIMarcht79._2013 Trade Oate Matwity /ace Amount sonooaseinotion Interest Coq sans IS) Maxie. Value IS) it Oxley OM Entry Pike If) Goslw rake IS) ecetwed 31.614742 1.000000 2e C 05.11/11 earns, (1.01), 53.318,0 )1 May 12 U.S. Fixed Mann 10-May-11 01-Nay.2017 1.200.1:00 GI Group Inc NA WA 7.000% (S. T.,II a'0; 51.2(0.000 548.061 9-Mar-12 5101 St $100.00 s. 10May-II Is-Ape-Nis 1_200.000 kW Motor Credit Co Lk 118. WA 7.000% 0 5.32O00) $1,.WW,OCO 576.067 3-A0011 1110.65 $109.00 554,267 ICSMay-II IS-Aw-2015 1,200.000 ford Molar GSM Co lk It, WA 7.000% (51,121,/6% 51.1811.0:0 587,600 26-Jul-12 5101.98 S99.00 $51,840 Mutual F'tn and Mon. Ma diet Tee* Dole SyWWCA Company ' Olvidends AAAAAA . Ckning NAV Unita COwency Mdlal Cost IS) Martel Value IS) Closing Date Pit fleseired (S) (local) _ (LOCAI) Avo 185,185 19 Ipmmiaan High Ymml-Sel U50 (51., 54.544) 51,500,000 Own< 2-Oct-12 8.31 8.10 CIIIME0Cit1223 Ma‘c;MISill .• S4014129 ;c2 1 Pa',' 5 Chi. 6 Co eZL6LE00— Ld—Vid3 EFTA01895730 Global Investment Opportunities Group A. Morgan Securlda Ut Account Position and MTM Summary (Open Positions) (GI0 Prepared to. Financial trest ae of Mardi 29, 2013 Current PO 14 Commodity rots 1/50412N 12.3127 )(AU= 1597.5 GIIPUSO 1.5199 WO"' 94.910 MARS 5.1213 USOKAW 111135 EURU50 13515 1.50101. 2.0217 1.15DOIF 0.949 USOCAD 1.0176 USDTWY 15111 USDNOI 5.4474 • trada •9merge Tr•dat Ovid!~ entry Arta C ton•nt Arne Symbol Shoe. Company nou,b y Col 11: Market vein. MOM Ortte Yield floc•11 (local) II 0o.11 TEE : te ca %Seen Adr USD Cormuniunpons 0.00% 530.050 10. 13 51 59,615 15-1%4.12 nr (39) Telefenke $45pon AO uso Communications 0.00% $411 15527) 12.52 13.51 (139) 24-Nn-13 AMA 9,000 Arted Pluneme0544141n4 USD 'mum«. Non -COI 0.00% (31744001 $162,720 1460 1508 1513.410) 144~12 ANA 7435 AVM Pharrneotuticak Inc USO •ntumor, Non <$11. 0.00% (1114,600 $136233 1531 It OS 121.633 24.00.12 DF 25,000 Dna Food, Co WO atermr, Non-gel. 0.00% (3470.450) 5453,250 WV II 13 (117.100) 12.341.10 DAG 50.0:0 Iterstn Ob Agri Doubl4 tong WO Funds 0.00% 153.52.550) 1451,505 705 943 1124955 174,14/22 ini 17,500 fac•bcok Inca USD Comnweirations 0.00% (14153:00) $447,650 39.00 15.511 (1217.350) 144•042 III 2.095 IllOgen lam bnc USO Elluener.1101Myta 0.00% 0250455/ 1403435 119.55 192.62 5153,0113 Structurod Notes • Mr+eel Ark' aMor r-ent (lank not 'trade interact Matuttly Face Amount long Elet.olptlott coil ta.r 151 Mar.et value (51 Entry Pro (SI corneal Erne (S) MTM Dale Net itt,ed 5 17 17 Ww19 1.030.003 -No%1192313 oM9nV1Ua55%9arror.5%AtmCpn22 Motrn t51 .00 0001 51207,56,3 110003 1t076 5107,540 9.un•13 24-34n-14 1,010010 /NW Ron treed To Con Vs VS 5/049, 540%Aturtm 01,09/13 Meld 510141.1595 ($1.000.000) 1415400 11 $10000 516.54 (514.400) 14-FM.13 24409.14 1,000,000 MS Marc« Plus IMIC 130/20114 50% «0 Maim - 3.5% CP11, Uncapped Natal tad -2 01.000.000) 51,041450 So 5103.00 $104.56 344450 5-Por-0 16419145 1.500,000 Mrdltor UN 4.200% CPN 04/142015 Dui 04/147012 (11,502003) 11,573003 sans 5100.00 $101.92 3143055 V S. Fired mower • ngsda Ida ~roomer /led* total Wit ettrur,ty Faca Amount tower 5.1e flattop e•t Call Doe C ~on Pt unt oat Cost Market Valve vold to Worn Cray ane Current Into MIM Date •cerued 124e0.12 154an4018 In erg Energy Inc WA 7615% 51 116,540 584.010 4,64% 5100.15 511245 9109,127 22-00-12 01-444.2015 1000,0^ ~non Inc 1+ C11/01.0015 7.625% (51.035,000) 11,003000 133.253 5.19% 3103.50 1106.00 $75.253 72-00-12 15-Mar2019 400003 Earthint Inc 054112015 11475% (1414000) 1404000 $154/2 5.43% 5103.50 5101.50 57.441 23.00.12 15444y-2019 600000 Earthlink Inc 053154015 11375% 0619.500) 109,000 323,075 5.43% 1103.25 1101.50 511,575 1-041-12 Olijun-2019 In Kindred ~Mum Inc 0401/2014 5250% 11994250) 41,025,~ $44712 7.53% 19943 310240 369,542 5444v-12 01.1m-2019 in Kindred Healthcare Inc 0101/2014 *250% 45970030) 11,025.COT $32,313 7.53% $97.0) 310230 597,312 2444n-13 15440-2020 1,504000 Sentkernaster Company 02/150015 4000% 01,595,625) 11431450 521417 530% 514435 513475 1572,2 25-Fatell 15-F•b4020 la Makeln•Or Company owls/nos LOCO% (51070000) 11,047,500 $7,555 530% 510700 $1(4,75 525.056 154m•11 Peepeluel 2,500000 manorgen Chem& CO III 044032014 7300% (52,702.425) 123/4223 1353,305 4.45% 51.4.10 $11533 $539,104 1S-Jun.11 "'Magid 2.500,003 menorgan Chna I Co 98I1 04402014 7300% (54702,425) 12,144225 5353405 4.45% $1[410 $115.53 1531,104 10-lan-11 Perpetual 2,030000 Bank Of Monica Corp 99. 0041532014 4125% (12.011~ $424411" 5340440 5.12% $10434 511334 3547,130 3014,1.12 Perpetual ~000 Mahon Cal EOnon 1019. 020114022 4250% (52.99%970) 13.353,005 1214429 4.41% $10000 snin 1571444 27-Nn-12 Perpenral 2.000,000 ~owl Dot Cap Corp AA- 04154022 7.125% (52,122.9201 $2,3944" 5107~ 4.47% 5104.15 $11900 3350,747 £ZL61.£00- 1.d- V133 EFTA01895731 Global Investment Opportunities Group r. Moms, SectrItlos11C- Account Position and MTM Summary (Open Positions) do i vparod 1co Savant .41 Tnnt os of Mot& 2% 7013 Cornet ax a (ansoodlty rotes U$OMXN 123127 XAUUSO 1597.5 GPM 1.5199 U5D2PY =ARS 94.170 5.1213 USOICRW 111135 EURUSD 12818 USDISRI. 211217 woof 0.949 1500.03 1.0176 USDTRY 1.210 USONOK 51476 Intwatollsnol Fined Incorna • frirada Pricin• 54.96100fOrift Maturity Fare Amami sir Roo, Currency Coupon Total Int Cornett Price Daly Principal Cost 3) Market litilue 31 Yield te, Worst entrY Price MTM Accrued It °call I local) • Ckt I? 02 NOv 2017 509000 olorolacn Di Venerova 44. 5.500% 544) ii,o $411500 170,069 9.15% 11.0c1.12 02440.'4017 1,000,000 8305 567,319 Potrokos Da Vitanuol• 5, 1.150 5300% 1975,000 239,647 9.18% 59.75 97.50 1117,167 10-May-12 16-D9c-2021 1,500,000 Uoyds Tsb lank Mc OH- LSD 9175% (11,627.5001 11136,150 $131255 3.33% 10150 122.41 23-24n-13 05-1NR-2022 12900.000 Amelia MOAT Sib De Cv 1319905 14/04 4450% 1$1,004,417) 21.0)0,243 SI 1,528 5.44% 105.75 26-lan-12 15.044.2035 7,500,000 105.68 237,355 RepublkCNAspentn4 WA USD MON% (11.034750) $623,750 3449,920 13.00.10 15-04c2035 13115 5.65 (5145.050) 10.000930 Raoul:4k Of Argaotoa WA ARS 0000% 3.118,000) 215,432 1)26.246 12.56 0.79 $23,673 4614 Not Socked • Manual Pridn. via )(Wet • on Invelme et lank Trade 7.1,,turity Origins, tate Mae 5,34 Paling tiet1 Odic Nicol., (Ott 15! Inlet /not. ..on City Current Prier/ 04 fc Coviten Mathes value 1/4111(114 31 (1.499i) II 4940 24410, 13 254109.2029 9,551000 144014 2004.1 CCC O@5/1013 1.101% a 37 1960.616 4 56 25 5625 Corob.13 20044-2032 5,701,000 Senn 11 II 23.000 CCC 04/20/2013 1.654% (17813 19) 1155,120 111,261 73,75 5137 S40%.12 25440w-2032 1,750,000 Gerd 2004-4 87 584.442 CCC N/A 5250% (5583601) 1411,061 5µn5 6350 71 61 23.4%/4-12 251023033 3325,000 (13/.1251 0/411 2003.26 81 04/25/2013 53)6% (51,211,222) 51,063.455 3190,960 14-3499.12 29404-2035 7700 132) 118,192 10/ 00/e° Man 2005.2 1141 CCC 0405,12013 0149% 151369590) 11,144.94 557,155 18, 14h 12 25,7•41.2017 1,190000 7000 1100 136.91) 0444 2007-41 244 CCC 0&2V2324 )98.3% ,5, 0.2 ffe,i, 51,5150.598 $172,027 169919494 and Asset Sacked AMA 03.50 98 00 59,516 151.159,015) 52965.252 5467.204 1114,654 LIMNS Frolorrodv 1r4de Maw.), Sheers tOrrilyty S&P Ill•ting, Poi Amount Dividend. inert' Date Coupon Principal Con IS) Market Value If/ mittiyed es) yield to worst CurTent Oton MOO (LOCO) (40440 15-Nov 10 1901/7012 1,000 Gon•ral M0109 Co WA $50.00 4.75% 1400'.900' 1643,520 141.0011 2883% 50 00 42 v4 ( 15,4.21 9-044.10 12/01/2013 43.003 Geffen, WIWI Co WA 1504) 4.75% (33.155.973) 12.745.220 1314,213 MU% 5037 4296 (1166.541) IS-Fob-13 02101/2016 6,000 OR% Natural IUS04.1.0“ WA inzo 7.00% (1150000) 1112,020 $1,021 19.31% 25.60 1617 035359) 22-Feb-12 02/1542040 80.000 Groat C4pItal Torn I Ca* IMO 253% 31/42.8001 12.175,392 5166/11 5.22% 23.54 2720 15-140-13 01/15/2073 25,000 Nunn Eneegy 40141 6451,301 415 $25.00 5.00% (5625,000) 1419,250 15,122 25.00 23.140-13 Pospirtual 20,000 5.04% 24.77 3628) Sc. Tont 11 OIL 125.00 5.10% (5500.000) 1499,500 3-Feb -12 22338 5.14% 2540 2439 52317 Perpetual 44,600 Ally Flnandal Inc CCC. 3540 8.50% (31.002,226) 11,247,948 192.694 615% 21.51 2174 61961,420 S.Feb-12 Perpetual 80,000 Ally Mood& Inc CCC. $2540 430% (3.710,000) SZ,142,40) 1158306 435% 2235 0440-13 Prwpatuol 27,003 Ye/nod° Rally fl int 26.70 1511,71:6 881 125.00 SAO% (1625.000) 2447,170 33 63 5.47% 24-00.12 Porpatual 40,000 nab 24.71 154388) nom It Scads GM Plc 89 $25.00 7.25% (1951.600) 1974.403 124,569 7.4616 23.29 7444.13 OwPalval 40,000 2436 247,344 Royal It ScotInd Grp Mc 28 12590 7.25% (5T77,600) $974,407 SUN 7.46% 14.lan-13 Powetual 24.44 2434 18639 40,000 Royal It Scolncl Grp Mc 28 $25.00 735% (1995200) 1974/00 14458 7.46% 2400 2436 (112.342) 5-Mar-1) Patpatual 15,000 Public Stoops 8814 trite 520% (1375000) 1373100 SO 523% 25.00 24.92 (11.102) VZL6LE00-Ld-Vid3 EFTA01895732 Globai investment Opportunities Group Account Position and MTM Summary (Open Positions) Ca0, Prepared lor financial Trust n of Mardi 29. 20 13 Oannt Wt • Canons/0r ••••• LISON001 12.3127 PAUU513 1597 3 131IPUSD 1.5199 94.170 USDAM 5.1213 U301009 111135 MMU50 1.21119 USOSItt 2.0217 1.151X1P 0.949 USOCAD 10176 usonn, 1.1110 1110140K 5.5474 011eilract1 • Rpm soched tad. from Porter. Cun en Spot Current Alf in Vakje Date Bought Notional Sold Notional I,. Oat, Contra" Spot Contract IPOrrdard MTM One Rate foreword 14,37 13 13 OP 6.2 90,500 EUR 5.000.000 1 May 11 12391 1.2351 1 71659 121636 5114558 14Mar.13 111dun-13 USO KAW 3.551,730,000 14.4"13 111635 111435 111229003 1214.39170 (13,756) 204AP-13 1-Mayil3 103 925.220,000 CAD 10.000000 27~13 ILO 92.322 92.54450 92.46951 55,545 • MTM Mod rio He fOcrimi». Lede Currency 2 Orr& anent Premoum r «Pdi /4 I itv, Direrhen Curiency type Strike Curremy 2 Type Remti type MTM Notional Preniiimi(SI EI) 11-45-12 011430-13 l/ougel 3PY NI 10.003.000 SOSO CAD Carl 51,297,147 5909,344 ISAup-12 04-04513 Sold 10,000.000 75.90 CAD Nl Op PI 0 69 65 5342,509 $0 1347,509 Total Return trade ~pad Inletest Italry Price Doodends (Wahl Prim Underlying Peres flat* Spell primp MIN DAto Dale no- Pak/ (Mall !Pried «malt 91-Mrill 34%1513 3..Feb-14 Apppinc 4,430 3m1. t.004 1/ ir,0213) $0 44166 14~13 1~43 2046014 pow, Trimmort EquI0441 1011372 3nl 0.104 11 996,9'1,37 2`14492 SO 2,50322 51.733 EC) / 1.0 165,213 5162211 !I 'SP $5099.544 $703,594 55905,135 2012 FOY Open MTM 55.615337 Repo SO SO SO Current Open PTA 54.475.054 / ST SO SO 10 Deefeetimi $1.310.297 D1.497.355) ;$ I 87.0Mo YTO Omnpe 1n Open M1111 5751.917 AlleerinNe 10 SO 10 2013 timed PA (5629.4491 00,n /Mho. Ilaineous SO so 10 Totals $4.05,os• issOM9) SS 03,403 )013 Iiiiniceleinema 1150.415 93 2011 4/4aegae Chao • Co SZL61.£00- 1.d- V133 EFTA01895733 Southern Financial LIC Analysis of Investments Invedment FIN unrealized 3/31/13 Gaingosts) ML Hertz 12/15/05 5,103.003 dishibutions 811/08 (2,180,021) ashibutions 12/114)6 (560.006) distributions 7/26107 a440,906) cistributions 4420111 (3297352) ddributbns 12/12/12 (1308,976) (3667,261) 3,673,638 6,340,949 final distributbn BS ABS 11/2905 10,000,000 distributions (3895,529) 6 104 471 331,882 (5,772,589) Highbridpe Capital Corp 1/11/01 25,000,000 distribution 2/28/06 (25,000,000) 18.970,258 18,970,258 This represents the total or Hightwidge Capital Corp. and MB Muti-Strategy Holdings Ltd. Tudor 1/3001 5.000.003 1/14/13 distribution (4,193,300) 806,700 13 694,455 12,887,755 VESPERS DB Zwirn 429/02 10.000,000 570/02 lo,000sco 12/2/02 30,000,000 6/2/03 10.000,000 1/3/05 20.000,000 12/21/12 disdkulion (6,541,292) 73 458 708 69,458,708 (4,003,000) DBZ- settlement This es basal on lho laming assumptions. the fund will recognize a Mildewed amount payable to JeOPOil totaling $70 million 70,000,000 Jeepers wall receive an interest of G Rubins ptshp interest valued at approx $3.8 million with a 5,0000)0 backstop payment from G. Dubin equal to the excess of $5 million over the aggregate value of all distributions made vath rasped to this investment JEE wal pay $1 triton for Zwims interest in Corbin. JEE vii tOITAVS all distributions upto $2 minim 000 000 and the remaining claribulionsmel be divided 50150 between JEE and Zwim 76 000 030 EFTA_R1_00319726 EFTA01895734 Haze Tnnt Analysis of Investments Investment FAN unmated 3/31/13 Gaingoes) Highbridge Capital 4120/99 10,041566 35.101437 25,056.771 This represents the total of Hightnidge Capital Cop. and HB Multi-Strategy Holdings Ltd. King Street 1111/93 10030503 728/10 50% redemption (20,030,787) (10.030287) 2064,473 34255,250 EFTA_R1_00319727 EFTA01895735 Ow Stearns Asset Bedard Securities Distributiors Received FTC Tool Partnership 6 Trust Partnership Trust 1/9/08 1,047,291.00 1,047,291.00 3/12/08 431.035.00 431,015.00 4/14/08 147,707.00 147,707.00 5/14/08 147,707.00 147,707.00 4116/03 135,327.00 135,377.30 7/16/00 110,711.00 110,711.00 8/21/C0 110,615.00 110,615.00 9/75/00 110171.03 11017800 10/29/6 92.127.00 92,127.00 11/25/6 85,953.00 85,953.00 12/22/08 73,670.00 73170.00 1/23/W 73,670.00 73,670.00 2/22/09 73,614.00 73,614.00 3/12/09 67,434.00 67,43430 4/30/09 6,4443.00 66,443.00 5/29/09 57,986.00 57,913630 7/24/09 Note A 84.387.00 84,38730 8/26/09 47,911.00 47,91130 9/22/09 35,711.00 35111.00 12/2.09 87495.00 87195.00 1/8/10 25,073.30 3,073_30 2/8/10 31,073.84 31.07344 3/8/10 33,60523 33,60543 gam 22,613.71 22,613.71 5/10/10 26,315.16 26,315.18 6/8/10 25,243.91 23,14311 7/8/10 19,961.45 19,96145 8/10/10 22.01236 22.012.00 9/8/10 24,989.61 24,989.61 10/13/10 20,527.91 20,527.91 11/8/10 23,33635 23,33635 22/8/10 73,234.17 23,234.17 2120/11 24,623.91 24,623.91 2132111 Note Ili 23793.17 3,793.17 2/8/11 26,96692 26,966.92 3/8/11 26,31330 26,31310 4/8/11 21,112.23 22112.23 5/9/11 21357.96 21,557.96 6/9/11 1467814 18,678.74 7/8/11 16,690.35 16,69035 8/8/11 15196.19 13596.19 9/8/11 16,810.22 16410.22 10/12/11 15,819.76 13819.76 11/8/11 17,377.32 17,377.32 12/8/11 17,632.49 17,83249 1/9/12 1402473 18,088.73 2/8/12 18.611.56 18,61136 3/9/12 19,767.40 19.767.10 4/9/12 17,622.23 17,62223 5/8/12 1610179 16,800.79 6/8/12 17,401.50 17,40250 7/9/12 16,165.50 16,165_50 8/9/12 14602.96 16,602.96 9/11/12 14,872.40 14,87240 3/9/12 15,645.81 1364381 11/8/12 15,03804 15,10804 12/10/12 14408.21 14,208.21 1/9/13 14,594.00 14.594.0) 2/8/13 13,897.23 13497.23 3/8/13 /3 251 21 13,3121 Sow 3,895,529.39 3,113,595.17 711,934.22 FTC Wetted $10,000.000 In 8wr Stuns Asset Backed Securities on 11/29/6 C4stritrutbre are based on maturing assets NOTE k (moments 2 manta per OcretNfOrlohkr) NOTE $ OWN edjuument In partrwship) EFTA_R1_00319728 EFTA01895736