EFTA01447254

From: Tazia Smit Sent: 5/8/2014 2:23:50 PM To: [email protected] CC: Nay Gupta Maaul Morris Vinit Sahni Subject: Re: Biotech Update... (C) Attachments: pic02547.gif; pic14310.gif; pic18758.gif; pic08428.gif; pic07767.gif; pic25070.gif; pic18644.gif; pic03988.gif; pic22440.gif; pic15968.gif Vahe Stepanian classification: confidential Jeffrey - updating you on your biotech basket because most of the names are struggling to rebound from the recent rotational sell-off, exception is GILD which has good valuation support, showed a strong earnings beat, and is back up to -479.36 (your avg cost is $79.41). FMI reported earnings after the close yesterday, which were inline but guidance was on the low end. Stock has sold off 15% (down to —524 currently from from a high of $30 yesterday). Please find your updated P/L below. Included SGMO chart - that company reported a moderately better quarter on Tuesday evening, hence the 3% uptick and several positive reports from the competitors across the Street. (Embedded image moved to file: pic02547.gif)Source: Bloomberg and Pershing LLC as of 5/8/14 (Embedded image moved to file: pic14310.gif) From: Tazia Smith/db/dbcom To: [email protected], Cc: Nav Gupta/db/dbcom@DBEMEA, Paul Morris, vahe Stepanian/db/dbcomODBAMERICAS, vi nit sahni/db/dbcom@OBEmEA Date: 04/22/2014 04:16 PM subject: Re: Biotech update... Gilead beat, shares halted (c) classification: confidential Jeffrey - sure you see this, just making sure, Gilead shares are halted in the after-market following a significant top and bottom-line earnings beat (S1.48 vs $0.92 cons eps, S5bn on the topline vs. expecations of $3.96bn) as you know, you're long 8100 shares at an average price of $79.41, stock closed today at $72.86, just reported. Shares expected to re-open at 4:30pm (Embedded image moved to file: pic18758.gif) From: Tazia Smith/db/dbcom To: [email protected], Cc: Paul Morris, vahe Stepanian/db/dbcom@DBAmericas, Nay Gupta/db/dbcom@OBEMEA, vinit Sahni/db/dbcom@DBEMEA, CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0101835 CONFIDENTIAL SDNY_GM_00248019 EFTA01447254