FINANCIAL TRUST COMPANY INC ACCT. 24200686 For the Period 3/1/13 to 3/31/13 Equity Summary Asset Categories Beginning Ending Change Gwent Market Value Market Value In Value Allocation Non-US Equity (20.037.78) (20.791.89) (754.11) Market Value/Cost Current Period Value Market Value (20,791.89) Tax Cost (30,587.72) Unrealized Gain/Loss 9.775.83 Estimated Annual Income (1,245.05) Equity Detail Price Quantity Adjusted Tax Cost UnreaNzed Est. Annual Inc. rcount Value Original Cost Gain/Loss Accrued Div. Yield Non-US Equity TELEFONICA S A 13.51 (1,539.000) (20.791.89) (30.567.72) 9.775.83 (1245.05) 5.99% SPONS ADR Short 879382-20-8 TEF J.P. Morgan Account 24200686 Page 4 of 8 Consolidated Statement Page 43 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-000 17043 SDNY_GM_00286241 EFTA01494079