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

From: "Jeffrey E." <[email protected]> To: Richard Kahn Subject: Re: Voluntary Offer for Southern Financial Date: Fri, 06 Nov 2015 22:19:35 +0000 no On Fri, Nov 6, 2015 at 5:08 PM, Richard Kahn < > wrote: attached is offer to swap GE stock for Synchrony Financial currently you own 23,000 shares of GE with a 21.57 cost basis per share (496,109 total cost) unrealized gain as of today is 191,820 i have not seen any factual information yet however i do not believe swap will be taxable if you choose to pursue attached is offer to swap GE stock for Synchrony Financial attached is indicative exchange with yesterdays closing prices: I- I- I- Date: GE Daily VWAP: GE Closing Price: Synchrony Daily VWAP: Synchrony Closing Price: Indicative Exchange Ratio(1): Upper Limit: Upper Limit in Effect: Final Exchange Ratio: November 5, 2015 4:30pm ET $29.5617 $29.64 $32.2106 $32.61 0.9855 1.1308 No GE closed today at 29.91 dividend yield 3.10% uhb=uhb2&fr=uh3 finance_vert_gs&type=2button&s=ge Synchrony Financial - pays no dividend closed today at 33.98 EFTA00841349 YwNVSCAzIERIc2t0b3AgU2VhcmNoIDErylg=X3oDMTBz0TkyZWtoBGxhbmcDZW4tVVMEcHQDc2 VjdGIvbnMEdGVAIAM--_ylv=3?uhb=uhb2&fruh3 finance vert_gs&type=2button&s=syf looks.html?puc=yahoo&cm_ven=YAH0O please advise if you are interested in swap or pass thank you Richard Kahn HBRK Associates Inc. Begin forwarded message: From: Ariane Dwyer Subject: Voluntary Offer for Southern Financial Date: November 6, 2015 at 3:23:14 PM EST To: Richard Kahn < Cc: Vahe Ste anian , Daniel Sabba < 0, Jj Litchford < Hi Rich, I am emailing regarding a voluntary offer for Southern Financial. GE is offering its shareholders the opportunity to exchange shares of GE for shares of Symphony Financial. Recall that Southern Financial holds 23,000 shares of GE valued at —$685,000. Southern Financial can swap all, some or none of its shares for Symphony. Please refer to the attached prospectus and below website for further information. As per the below details, we require Southern Financial to make a decision by 11/13/15. Let us know if you have any questions. EFTA00841350 Have a great weekend, Ari Best, Ari Mane Dwyer Analyst I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset 8 Wealth Man. ement This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00841351 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 EFTA00841352