From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: Brad Wechsler Subject: Re: Leon tax estimates Date: Fri, 11 Dec 2015 01:15:55 +0000 was there supposed to be an attachement On Thu, Dec 10, 2015 at 7:10 PM, Brad Wechsler < > wrote: Latest and greatest; 51mm ltcg. If a certain transaction occurs there will be $5mm more. Add $5mm non- apollo as per rich j and you have 56-61mm. Schedule D "mock-up" to come from rj. Sent from my Verizon Wireless BlackBerry From: Martin Kelly Date: Thu, 10 Dec 2015 23:35:46 +0000 To: Brad Wechsler >; Leon Black < >; Melanie Spinella Subject: Leon tax estimates Attached lays out the moving pieces and delineates between long term cap gains and ordinary income as well as the Apollo ownership and direct interest in Funds. Lets connect tomorrow - M Martin Kelly Chief Financial Officer Apollo Global Management, LLC 9 West 57th Street New York NY 10019 Of Mo Fax EFTA00839110 This email and any files transmitted with it are confidential and intended solely for the person or entity to whom they are addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC 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 [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00839111