From: David Stern <a To: Jeffrey Epstein Subject: Fwd: Investment (highly confidential) Date: Sun, 30 Aug 2009 23:04:27 +0000 Attachments: Proposed_structure_12_Aug_09_DS.ppt Discussing this with the current Fund Manager who wants to do a MBO from Halifax Bank of Scotland (HBOS). Proprietary deal - the proposed transaction is to buy out the private equity portfolio from HBOS forced by its balance sheet problems to divest of assets that carry a high risk weighting. Plus: bank backing the management of this business, so we should be in a position to analyse risks / opportunities. Numbers attached for your review. Interesting for us? Want me to proceed? This message is confidential. It may also be privileged or otherwise protected by work product immunity or other legal rules. If you have received it by mistake please let us know by reply and then delete it from your system; you should not copy the message or disclose its contents to anyone. Opinions, conclusions and other information in this message that do not relate to the official business of Asia Gateway Ltd. shall be understood as neither given nor endorsed by it. Asia Gateway Ltd. Michelin House 81 Fulham Road London SW3 6RD UK Tel: +44 (0)20 7838 6788 Fax: +44 (0)20 7838 6888 EFTA00769596