From: A. de Rothschild < Sent: Friday, July 24, 2015 11:13 AM To: jeffrey E. Subject: Re: Ubs Ok i will. I will ask to meet Ermotti Ariane de Rothschild Le 24 juil. 2015 a 11:17, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmail.com» a ecrit : I think it very worth exploring in detail. they sell at the highest multiple of book, . On Fri, Jul 24, 2015 at 4:43 AM, A. de Rothschild < <mailto > wrote: UBS would be interested to buy my whole swiss entity as well - maybe i should sell and we all go on eternal holidays © Discussions on the french side/ structure + synergies moving fast and constructive. This is my counterproposition : 20% ownership of our french holding(BP+AM+PE) for them , merge the Private banks at EDR and use it under this brand , M&A/ corporate finance with them , credits capabilities with them + depos . Seeing the french ceo tursaday mrng Ariane de Rothschild 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@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, EFTA_R1_01316047 EFTA02345785 including all attachments. copyright -all rights reserved 2 EFTA_R1_01316048 EFTA02345786