From: Jeffrey Epstein <jeevacation®gmail.com> To: "Barrett, Paul S" Subject: Re: To Do Date: Mon, 07 Jan 2013 20:54:10 +0000 Ok On Monday, January 7, 2013, Barrett, Paul S wrote: Hi Jeffrey I think we should buy another $1MM worth of the RBS 7.25% Preferred (T). We own $1MM at 23.75. Currently trading at 24.45 (ytw 7.41%). They recently redeemed a few of their subordinated bonds. We still like the story and these bonds still trade cheap relative to their peers such as Lloyds. Let me know. Paul Paul Barrett I Managing Director I Global Investment Opportunities Group Morgan Private Bank I 320 Park Avenue, 14th Floor, New York, NY 10022 ID* 853441 Disclosures regarding email content of the Sales and Trading Department are available at httplAvwwjpmorgan.corn/pages/disclosures/GWM_Disclosures NMLS This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www riorgan.com:pagesidisclosurestemail. EFTA00951381 The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00951382