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

From: "Jeffrey E." <[email protected]> To: David Stern <1 Subject: Re: Date: Mon, 12 May 2014 18:40:34 -q)000 when does he want to speak? On Mon, May 12, 2014 at 1:40 PM, David Stern <1 > wrote: Tim Collins has less than 10% as of April 29, 2014 On 29 April 2014, Timothy C. Collins and affiliated entities notified RHJ International ("RHJI") that their aggregate holding of 8,879,157 shares in RHJI had crossed downward the threshold of 10% of the total number of voting rights in RHJI from 10.37% to 9.75%. On 26 March 2014, RHJI carried out a capital increase in connection with its acquisition of a 9% stake in BHF-BANK AG. As a result of the issuance of such additional voting rights in RHJI to the seller of BHF-BANK AG, the total number of voting rights in RHJI increased from 85,545,547 to 91,045,745. The aggregate holding of 8,879,157 shares in RHJI held by Timothy C. Collins and affiliated entities consequently decreased from 10.37% to 9.75% of the total number of voting rights in RHJI. A copy of the notification sent by Timothy C. Collins and affiliated entities is reproduced hereunder and available on RHJI's corporate website under "Investor Relations - Shareholder Information - Transparency Rules". Additional background information In connection with the acquisition by Kleinwort Benson Group ("KBG") of a 91% stake in BHF-BANK AG which was disclosed by the Company on 27 March 2014, two entities affiliated with Timothy C. Collins, namely Windmere Investments LLC and the Timothy C. Collins 2003 Descendants Trust, made an aggregate cash investment of E13.6 million in return for a 2.65% stake in KBG. 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 EFTA00988950