To: Jeffrey Epsteinueevacationagmail.comj From: David Stem Sent Wed 6/25/2014 7:06:21 PM Subject Re: KB BHF Whether it is worth taking a position or not, as Leonhard and team are trying to promote. For example whether it is good deal for Chinese group to buy 20% or not, whether it is worth promoting or non-sense. On 25 Jun 2014, at 20:01, jeffrey E. <jeevacation@gmail.com> wrote: what is your point? On Wed, Jun 25, 2014 at 2:56 PM, David Stem ca wrote: Pic taken at KB re calculation of NAV. Market cap today is E 304 million please note 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 JEE 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@smail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00365164 EFTA01921507