From: David Stern c

From: David Stern c l=== To: Jeffrey Epstein <[email protected]> Subject: 27 Date: Thu, 25 Jun 2009 11:00:39 +0000 In zurich I introduced nicole to former CEO of Kuoni (europe's leading travel co with $ 5 Billion sales) to discuss sports tourism. Following this meeting I discussed separately with this guy a lucrative, proprietary opportunity with high P factor: - Abercrombie & Kent, top-end luxury travel group which also owns properties, was founded 1962 by Geoff Kent (friend and former takeover target of my Kuoni contact) - Became No 1 in the world for luxury travel - Hit financial difficulties in 2003 and Geoff Kent sold 67% to Intrawest Corp which was taken private by Fortress LLP - Business fully recovered to take No 1 spot again - Sales approx $ 300 Million, EBITDA $ 25 Million, EV approx $ 250 Million - Today Intrawest is in financial trouble. I discussed teaming up with Geoff Kent who holds 33% to acquire stake in Abercrombie & Kent for a favourable price/terms - Exit: strategic buyers are all keen to buy, Geoff Kent believes it is undervalued so exit in 2 - 4 years, maybe IPO depending on markets Let me know your thoughts, maybe interesting investment for the JEDS Group (that's your soon to be established highly discreet investment office run for you by your most loyal P eating associate DS !!) www.abercrombiekent.com All the best David This message is confidential. It may also be privileged or otherwise protected by work product immunity or other legal rules. If you have received it by mistake please let us know by reply and then delete it from your system; you should not copy the message or disclose its contents to anyone. Opinions, conclusions and other information in this message that do not relate to the official business of Asia Gateway Ltd. shall be understood as neither given nor endorsed by it. Asia Gateway Ltd. Michelin House 81 Fulham Road London SW3 6RD UK EFTA00772306 Tel: Fax: EFTA00772307