David Mitchell 'PETER MANDELSON' "jeevacation@gmail.com" leevacation gmail.com> RE: ilverstone Dear Peter Thank you for your email and the time you took to review the materials Please find attached our last offer to Silverstone which we led to believe would have been successful. The only item that was outstanding was the "rental "amount for the Silverstone track which was still being negotiated. Confidentialy,we were and still are prepared to go much higher on the annual rental for the track. B My partner will be in the UK later this week and over the weekend through Tuesday and would welcome to update you further if you had the time available. B In appreciation, David B B B B DAVID MITCHELL B From: PETER MANDELSON Sent: Sunday, February 13, 2011 3:43 itchell Cc: jeevacation@gmail.com Subject: Silverstone B David, B It was good to meet you and discuss Silverstone. I am going to talk to Bernie Ecclestone about the BRDC on a private basis and I have discussed, also privately, with a friend who is a longstanding F1/Siverstone afficienado. B EFTA_R1_00168615 EFTA01809767 One question is how you envisage the division of responsibility operating between everything that happens on the track and what happens around it, ie how would BRDC continue to exercise control of the racing ? I understand that BRDC would be selling the land in order to bring investment in the track but what would be the financial/governance relationship between you and the BRDC ? B Has anything advanced since we spoke ? Do you have any further ideas about a "British component ? B best B Peter B EFTA_R1_00168616 EFTA01809768