Subject: RE: LBG Capital Tender Offer [I] From: Paul Morris ‹ > Date: Fri, 26 Feb 2016 11:49:11 -0500 To: Ariane Dwyer Cc: Vahe Stepanian Daniel Sabba Classification: For internal use only Hi isn't it possible to give him what the offer is and what the proceeds would be without providing any advice? From: Richard Kahn [mailto: Sent: Thursday, February 25, 2016 9:02 AM To: Ariane Dwyer Cc: Vahe Stepanian; Daniel Sabba; Paul Morris Subject: Re: LBG Capital Tender Offer in meetings all morning please send proceeds of what mr epstein would receive not sure why that is so difficult for you to answer thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New to fa ce EFTA01477467 On Feb 25, 2016, at 9:00 AM, Ariane Dwyer < › wrote: Hi Rich, Just tried to call you. Please call me at your convenience 212 250 3228. Best, Ari From: Richard Kahn [mailto: Sent: Thursday, February 25, 2016 8:41 AM To: Ariane Dwyer Cc: Vahe Stepanian; Daniel Sabba Subject: Re: LBG Capital Tender Offer can you please respond with sales proceeds mr epstein would receive from this offer thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel EFTA01477468 fax cel On Feb 24, 2016, at 2:53 PM, Ariane Dwyer < › wrote: Hi Rich, I am emailing regarding a voluntary offer for Southern Financial. LBG is offering to purchase any and all of the LBG Capital No 1 PLC 144A notes per the below details. Recall Southern Financial holds 1,200,000 of the notes, position details also below. <image001.1pq> <image002.1pq> If you have any questions please reach out directly to the Tender Agent, Lucid Issuer Services, at +44 207 704 0880 (they are based in the UK). Additionally you can access the offer documentation on this website http://- lucid-is.com/lbgecn/ by registering as a Beneficial owner. Please let us know by 2/29/16 how you would like to proceed. Best, EFTA01477469 Ari <image003.gif> Ariane Dwyer Analyst I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26 Te1.1.111.004 New Email <image004.gif> This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01477470 EFTA01477471