From: Peter Mandelson <

From: Peter Mandelson < To: Jeffrey Epstein <[email protected]> Subject: Re: Date: Sun, 07 Apr 2013 21:26:44 +0000 Inline-Images: FAF9E5FB-0A62-4174-A284-AD62A1595813[1].png I would characterise business as being in transition. Global Counsel is successfully established as advisory business, income reasonable, pays the huge mortgage etc. Sister company, Global Counsel Advisory is FSA regulated to deal in transactions. No deals yet pulled off but involved in fundraising for two/ three clients. One in particular is Ellis Short who used to head Lone Star who is coming back into business picking up European distressed assets. Our mandate is to secure Qatari investor for him, is unpaid but with a potentially lucrative tail, which justifies our collective efforts. However, it is proving difficult to close. He is a highly-backable and credible fund manager with a strong track record who is prepared to commit his personal funds. His investment focus — distressed European assets - is also an attractive one. Further, the quantum of funds required translates into potentially lucrative fees. So, as a 'product' he has been a very good one to market and to be associated with. I am discovering there is no shortage of funds and fund managers who need to raise money; the question is to identify similarly credible propositions. At present we have further options but nothing yet contracted. Gulf States are attractive because of my network but are sometimes time-consuming to engage with and are displaying a weariness with conventional fund structures (also shared by European sources of capital). An interesting discussion I am having is with a financial platform connecting a strong pipeline of African deals, mainly in resources, logistics and real estate, with pool(s) of capital. There is a guy in NY, Mahmoud Thiam, who is well connected, and an Angolan who is even better connected. There is possibility that I will become involved but due diligence will have to be done thoroughly. But I am definitely moving in the deals in addition to advisory. I have a good structure around me. Happy with 80/20 life balance (business and politics). But need capital in addition to fees. I am also likely to be more engaged in Russia. P 00 GlobalCounsel Lord Mandelson Chairman EFTA01144121 t London SW1X 7NW www.global-counsel.co.uk From: Jeffrey Epstein <[email protected]> Date: Sat, 6 Apr 2013 14:38:46 +0100 To: Peter Mandelson you were in good form, what deals are you in volved in 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 Jeffrey Epstein 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 Disclaimer This email and any attachments to it may be confidential and are intended solely for the use of the individual to whom it is addressed. My views or opinions expressed are solely those of the author and do not necessarily represent those of Global Counsel LLP and Global Counsel Advisory Limited . If you are not the intended recipient of this email. you must neither take any action based upon its contents, nor copy or show it to anyone. Please contact the send& if you believe you have received this email in error. Global Counsel LLP is a limited liability partnership registered in England with number 0C359787. registered office New Bridge Street House, 30-34 New Bridge Street, London, United Kingdom EC4V 68J. EFTA01144122