EFTA Document EFTA01477478

Subject: RE: LBG Capital Tender Offer [I] From: Paul Morris <a> Date: Fri, 26 Feb 2016 12:36:16 -0500 To: Vahe Stepanian Cc: Daniel Sabba Ariane Dwyer Classification: For internal use only Ok he's there just called me, thanks Paul Morris Managing Director Deutsche Bank Private Bank Office: Cell: From: Vahe Stepanian Sent: Friday, February 26, 2016 12:36 PM To: Paul Morris Cc: Daniel Sabba; Ariane Dwyer Subject: RE: LBG Capital Tender Offer [I] Classification: For internal use only We tried calling him more than once yesterday, but have not yet heard back... From: Paul Morris Sent: Friday, February 26, 2016 12:34 PM To: Vahe Stepanian Cc: Daniel Sabba; Ariane Dwyer Subject: RE: LBG Capital Tender Offer [I] EFTA01477478 Classification: For internal use only Ok can you give him estimated proceeds so he estimate his tax positon? Paul Morris Managing Director Deutsche Bank Private Bank Office: Cell: From: Vahe Stepanian Sent: Friday, February 26, 2016 12:30 PM To: Paul Morris Cc: Daniel Sabba; Ariane Dwyer Subject: RE: LBG Capital Tender Offer [I] Classification: For internal use only The tender offer price was sent to Rich — looks like the image doesn't show up below. I will forward under separate cover. Proceeds will vary b/c of any relevant fees, and accrued interest, which is dependent on final settlement date. From: Paul Morris Sent: Friday, February 26, 2016 11:49 AM To: Ariane Dwyer Cc: Vahe Stepanian; Daniel Sabba Subject: RE: LBG Capital Tender Offer [I] EFTA01477479 Classification: For internal use only Hi isn't it possible to give him what the offer is and what the proceeds would be without providing any advice? From: Richard Kahn [mailto: Sent: Thursday, February 25, 2016 9:02 AM To: Ariane Dwyer Cc: Vahe Stepanian; Daniel Sabba; Paul Morris Subject: Re: LBG Capital Tender Offer in meetings all morning please send proceeds of what mr epstein would receive not sure why that is so difficult for you to answer thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New tel fax cel EFTA01477480 On Feb 25, 2016, at 9:00 AM, Ariane Dwyer e > wrote: Hi Rich, Just tried to call you. Please call me at your convenience 212 250 3228. Best, Ari From: Richard Kahn [mailto: Sent: Thursday, February 25, 2016 8:41 AM To: Ariane Dwyer Cc: Vahe Stepanian; Daniel Sabba Subject: Re: LBG Capital Tender Offer can you please respond with sales proceeds mr epstein would receive from this offer thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cel EFTA01477481 On Feb 24, 2016, at 2:53 PM, Ariane Dwyer e > wrote: Hi Rich, I am emailing regarding a voluntary offer for Southern Financial. LBG is offering to purchase any and all of the LBG Capital No 1 PLC 144A notes per the below details. Recall Southern Financial holds 1,200,000 of the notes, position details also below. <image001.1pq> <image002.1pq> If you have any questions please reach out directly to the Tender Agent, Lucid Issuer Services, at +44 207 704 0880 (they are based in the UK). Additionally you can access the offer documentation on this website http://- lucid-is.com/lbgecn/ by registering as a Beneficial owner. Please let us know by 2/29/16 how you would like to proceed. Best, Ari <image003.gif> Ariane Dwyer Analyst I Key Client Partners - US EFTA01477482 Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26 New York NY 10154-0004 Tel. Email <image004.gif> 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. 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. EFTA01477483