EFTA01836143

To: ffr in' v i n mail.com] From: Sent Fri 2/25/2011 8:49:07 AM Subject: Fw: Deutsche Bahn Original Message From: Slaughter, Lawrence To: David Stern Subject: Deutsche Bahn Sent: 25 Feb 2011 08:09 David, With regards to Deutsche Bahn, I have asked my Beijing colleagues to stand down. They have stated that they have not spoken to anyone at CIC with regards this topic. Is this a practical case of where we could see if your approach makes sense? If so, what is a concrete next step? I could send you a few pages which sets forth the basic concept as well as some parameters. Let me know what you think. Regards, Larry Original Message From: Slaughter, Lawrence To: ' ‹ > Sent: Mon Feb 21 17:18:22 2011 Subject: Re: China David, It was a very interesting session - thanks for your time. As a practical next step, let us keep talking about Deutsche Bahn. Regards, Larry Original Message From: ‹ > To: Slaughter, Lawrence Sent: Mon Feb 21 16:11:40 2011 Subject: China Larry, Great pleasure meeting you. Thank you for your time. All the best David This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, EFTA_R1_00216849 EFTA01836143 available at http://www.jpmorgan.com/pages/disclosures/email. EFTA_R1_00216850 EFTA01836144