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

From: "Jeffrey E." <[email protected]> To: Raafat Alsabbagh < >, aziza alahmadi Subject: Date: Mon, 24 Apr 2017 21:12:11 +0000 like i said From: WSJ.com Editors [mailto Sent: Monday, April 24, 2017 3:17 PM To: Pritzker, Tom Subject: WSJ NEWS ALERT: For Aramco Insiders, Prince's $2 Trillion IPO Valuation Doesn't Add Up The Wall Street Joumal<http://online.wsj.com> News Alert For Aramco Insiders, Prince's $2 Trillion IPO Valuation Doesn't Add Up<http://www.wsj.corn/articles/for- aramco-insiders-princes-2-trillion-ipo-valuation-doesnt-add-up- 1493064170?mod=djemalertNEWS> Officials at Saudi Arabian Oil Co. have told their superiors there is a hitch in the plans to take the state-owned oil company public: It is likely worth at least $500 billion less than the government previously suggested. The country's deputy crown prince, who is leading a push to overhaul the economy, has pegged the value of the company known as Saudi Aramco at $2 trillion. But officials working on the deal have struggled to come up with a scenario under which Saudi Aramco is worth more than $1.5 trillion, according to people familiar with the matter, even after factoring in a recent tax cut and other tools the government has to make it more attractive to investors. See More Coverage o<http://www.wsj.com/articlesffor-aramco-insiders-princes-2-trillion-ipo-valuation-doesnt- add-up-1493064170?mod=djemalertNEWS> 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 jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01048462