EFTA01569583.pdf

GHISLAINE MAXWELL EFTA01569583 EFTA01569584 JPMorgan Chase Bank, N.A. GHISLAINE MAXWELL For the Period 6/1/11 to 6/30/11 Asset Account J.P. Morgan Team Paul Morris Ian Hirschfield Janet Young Gina Swetra Online access Banker Investment Specialist Client Service Team Client Service Team www.MorganOnline.com For important information regarding your accounts refer to the rear of your statement Table of Contents Account Summary Holdings Equity Alternative Assets Cash & Fixed Income Portfolio Activity Page 2 4 6 7 12 Client News Occasionally, when a security is acquired through an outside broker, it may be transferred to a J.P. Morgan account without an initial purchase cost and date. As a result, we cannot accurately calculate gain/loss for this position. Beginning with July statements, securities missing this cost basis information will display "N/A" instead of "zero" in the Gain/Loss column. To correct this information: Please contact your J.P. Morgan client service representative and provide the adjusted cost and acquisition date for the security in question. 0000000124.15.0.15.00003.MAXWE00.20110714 Page 1 of 28 EFTA01569585 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Account Summary Asset Allocation Equity Alternative Assets Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Market Value 447,642.00 79,876.00 1,528,235.17 $2,055,753.17 29,617.91 $2,085,371.08 Ending Market Value 259,707.00 19,950.00 1,770,993.86 $2,050,650.86 17,973.40 $2,068,624.26 Current Portfolio Activity Beginning Market Value Contributions Withdrawals & Fees Securities Transferred In Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals (396.09) 887,366.85 (1,119,515.11) ($232,544.35) 16,134.45 211,307.59 $2,050,650.86 17,973.40 $2,068,624.26 Period Value 2,055,753.17 Change EFTA01569586 In Value (187,935.00) (59,926.00) 242,758.69 ($5,102.31) (11,644.51) ($16,746.82) Cash & Fixed Income Year-to-Date Value 1,946,279.39 16,850.61 (1,664.90) 5,086,017.42 (5,657,626.54) ($556,423.41) 36,011.44 624,783.44 $2,050,650.86 17,973.40 $2,068,624.26 Estimated 13,912.50 Current Annual Income Allocation 12% 1% 67,694.76 $81,607.26 87% 100% Alternative Assets Equity Asset Allocation Page 2 of 28 EFTA01569587 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Account Summary Tax Summary Domestic Dividends/Distributions Currency Gain/Loss Interest Income Accrued Interest Current Year Taxable Income CONTINUED Current Period Value 893.75 (18.38) 15,259.08 $16,134.45 Year-to-Date Value 2,700.28 (43.73) 42,573.26 (9,218.37) $36,011.44 Unrealized Gain/Loss To-Date Value ($3,191.63) ST Realized Gain/Loss LT Realized Gain/Loss Realized Gain/Loss Current Period Value 12,980.24 34,634.68 $47,614.92 Year-to-Date Value 18,243.87 34,634.68 $52,878.55 Cost Summary Equity Cash & Fixed Income Total 1,733,421.21 Cost 300,421.28 $2,033,842.49 Page 3 of 28 EFTA01569588 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Equity Summary Asset Categories US Large Cap Equity US Small/Mid Cap Equity Non-US Equity Preferred Stocks Concentrated & Other Equity Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Dividends Yield Equity Detail Price US Large Cap Equity PROSHARES ULTRASHORT S&P 500 74347R-88-3 SDS 20.64 1,000.000 20,639.00 44,809.50 (24,170.50) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield Beginning Market Value 149,122.00 13,170.00 65,534.00 169,716.00 50,100.00 $447,642.00 Ending Market Value 30,723.00 12,030.00 0.00 168,214.00 48,740.00 EFTA01569589 $259,707.00 Current Period Value 259,707.00 300,421.28 (40,714.28) 13,912.50 1,046.88 5.35% Concentrated & Other Equity Change In Value (118,399.00) (1,140.00) (65,534.00) (1,502.00) (1,360.00) ($187,935.00) Current Allocation 1% 1% 8% 2% 12% US Large Cap Equity US Small/Mid Cap Equity Asset Categories Preferred Stocks Equity as a percentage of your portfolio - 12 % Page 4 of 28 EFTA01569590 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Price US Large Cap Equity PROSHARES TRUST Total US Large Cap Equity 74347X-23-7 QID $30,723.00 US Small/Mid Cap Equity GERON CORP 374163-10-3 GERN Preferred Stocks COUNTRYWIDE CAPITAL V 7% PFD 222388-20-9 CFC PB 3PM CHASE CAPITAL XXIX 6.7% PFD 48125E-20-7 3PM PC Total Preferred Stocks Concentrated & Other Equity GENERAL MOTORS CO CV PFD B 37045V-20-9 GM PB 25.42 2,500.000 63,550.00 $168,214.00 62,500.00 $161,278.96 1,050.00 $6,935.04 4,187.50 1,046.88 $11,537.50 $1,046.88 6.59% 6.86% 24.92 4,200.000 104,664.00 98,778.96 5,885.04 7,350.00 7.02% $71,013.00 ($40,290.00) $0.00 0.00% 50.42 200.000 10,084.00 EFTA01569591 26,203.50 (16,119.50) Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Inc. Accrued Div. Yield 4.01 3,000.000 12,030.00 18,129.32 (6,099.32) 48.74 1,000.000 48,740.00 50,000.00 (1,260.00) 2,375.00 4.87% Page 5 of 28 EFTA01569592 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Alternative Assets Summary Beginning Asset Categories Hard Assets Estimated Value 79,876.00 Alternative Assets Detail Price Hard Assets BARC CALLABLE PALLDIUM CP NT 05/14/12 LNKD TO PLDMLNPM 7.4% CPN, 20% MAX, 80% BARRIER 05/03/2011 06738K-JA-0 99.75 20,000.000 19,950.00 20,000.00 Quantity Estimated Value Cost Ending Estimated Value 19,950.00 Change In Value (59,926.00) Current Allocation 1% Page 6 of 28 EFTA01569593 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Cash & Fixed Income Summary Beginning Asset Categories Cash Non-USD Cash Non-USD Short Term US Fixed Income Non-US Fixed Income Complementary Structured Strategies Total Value Market Value/Cost Market Value Tax Cost Unrealized Gain/Loss Estimated Annual Income Accrued Interest Yield Market Value 35,290.51 291,130.09 49,507.36 527,959.00 475,797.21 148,551.00 $1,528,235 17 Ending Market Value 226,804.49 345,603.98 106,912.28 522,990.00 420,153.11 148,530.00 $1,770,993.86 Current Period Value 1,770,993.86 1,733,421.21 37,572.65 67,694.76 16,926.52 3.67% Non-USD Cash Cash & Fixed Income as a percentage of your portfolio 87 % Change In Value 191,513.98 54,473.89 57,404.92 EFTA01569594 (4,969.00) (55,644.10) (21.00) $242,758.69 Current Allocation 11% 17% 5% 27% 20% 7% 87% Non-USD Short Term Complementary Structured Strategies Non-US Fixed Income Cash US Fixed Income Asset Categories Page 7 of 28 EFTA01569595 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 6-12 months, 1-5 years, 5-10 years, Total Value 1 SUMMARY BY TYPE Market Value 899,585.03 57,635.72 520,193.11 293,580.00 $1,770,993.86 % of Bond Portfolio 52% 3% 29% 16% 100% The years indicate the number of years until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. Note: 1 Cash & Fixed Income Cash NON USD Cash Govt and Agency Bonds International Bonds Complementary Structure Other Total Value Market Value 226,804.49 345,603.98 100,040.00 672,115.39 148,530.00 277,900.00 $1,770,993 86 % of Bond Portfolio 12% EFTA01569596 19% 5% 41% 8% 15% 100% This is the Annual Percentage Yield (APY) which is the rate earned if balances remain on deposit for a full year with compounding, there is no change in the interest rate and all interest is left in the account. Cash & Fixed Income Detail Price Cash US DOLLAR 3PM NY MUNI MM FD - MORGAN Total Cash 7-Day Annualized Yield: .01% $226,804.49 Non-USD Cash CANADIAN DOLLAR $226,804.49 $0.00 $68.04 $2.68 0.03% 1.00 1.00 226,803.49 1.00 226,803.49 1.00 226,803.49 1.00 68.04 2.68 0.03% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 1.04 114,820.48 118,972.62 112,433.39 6,539.23 Page 8 of 28 EFTA01569597 EFTA01569598 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Price Non-USD Cash POUND STERLING JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/29/2011 MATURITY 07/06/2011 HELD BY LONDON TREASURY SERVICES JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8000% DATED 06/30/2011 MATURITY 07/07/2011 HELD BY LONDON TREASURY SERVICES Total Non-USD Cash Non-USD Short Term INTER AMERICAN DEVEL BANK - IDR 6.7% OCT 31 2011 DTD 10/30/2009 HELD BY EUROCLEAR ISIN XS0459432679 SEDOL B5756J3 458183-9K-8 NA /AAA IDR INTL BK RECON & DEVELOP - BRL 8.75% JUN 15 2012 DTD 08/20/2009 HELD BY EUROCLEAR ISIN XS0446421157 SEDOL B435Z93 459058-96-1 NA /AAA BRL Total Non-USD Short Term $106,912.28 $98,876.49 $8,035.79 $8,319.31 $2,402.98 7.23% 64.04 90,000.00 57,635.72 50,106.74 7,528.98 5,040.80 220.35 8.68% 0.01 419,625,000.00 49,276.56 48,769.75 506.81 3,278.51 2,182.63 5.54% $345,603.98 EFTA01569599 $317,540.39 $28,063.59 $4,134.99 $17.39 1.21% 18.64 587,698.59 109,533.88 102,166.88 7,367.00 1,971.60 5.47 1.82% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 1.61 97.73 18.64 627,438.85 156.90 116,940.58 153.54 102,786.58 3.36 14,154.00 2,163.39 11.92 1.88% Page 9 of 28 EFTA01569600 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Price US Fixed Income CITIGROUP CAPITAL XIII 7 7/8% PFD 173080-20-1 NA /BA1 FHLB 1.25% 09/29/15 BARCLAYS BANK PLC 313371-2G-0 AAA /WR 96.70 MEDIUM TERM NOTE 2 2/1% OCT 20 2017 DTD 10/20/2010 06740P-VG-8 NA /AA3 Total US Fixed Income Non-US Fixed Income KFW - TRY MTN 9 3/4% JUL 16 2013 DTD 02/10/2010 HELD BY EUROCLEAR ISIN XS0484842470 SEDOL B637YV8 14085A-9A-6 AAA /AAA TRY INTER AMERICAN DEVELOPMENT BANK- INR MEDIUM TERM NOTE 3% MAR 25 2014 DTD 03/25/2010 HELD BY EUROCLEAR ISIN XS0495010562 SEDOL B5114T3 U45818-9G-5 AAA /AAA INR 2.11 6,700,000.00 141,201.70 143,232.17 (2,030.47) 4,496.39 1,203.83 5.33% $522,990.00 $511,300.00 $11,690.00 $24,690.00 $1,058.90 4.86% 150,000.00 145,050.00 150,000.00 (4,950.00) 100.04 100,000.00 100,040.00 100,000.00 40.00 EFTA01569601 1,250.00 319.40 3,750.00 739.50 1.24% 3.08% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 27.79 10,000.00 277,900.00 261,300.00 16,600.00 19,690.00 7.09% 63.21 200,000.00 126,422.41 135,555.56 (9,133.15) 12,007.38 11,513.91 8.28% Page 10 of 28 EFTA01569602 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Price Non-US Fixed Income INTER AMERICAN DEVEL BK - IDR MEDIUM TERM NOTE 6.50% JUN 04 2014 DTD 06/04/2010 HELD BY EUROCLEAR ISIN XS0513770957 SEDOL 944985B 45818W-9K-4 IDR Total Non-US Fixed Income Complementary Structured Strategies MS 7YNC1Y STEP-UP NOTE 09/13/17 INITIAL RATE 2.75% CPN WHERE MAX RATE IS 6% PER ANNUM DD 9/8/10 61745E-6Q-9 A /A2 $420,153.11 $428,899.84 ($8,746.73) $26,357.42 $13,444.57 6.60% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield 0.01 1,300,000,000.00 152,529.00 150,112.11 2,416.89 9,853.65 726.83 6.37% 99.02 150,000.00 148,530.00 150,000.00 (1,470.00) 4,125.00 Page 11 of 28 EFTA01569603 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Portfolio Activity Summary - U S Dollar Beginning Cash Balance PRINCIPAL Current Transactions Income INFLOWS 894.75 Contributions Foreign Exchange - Inflows Total Inflows OUTFLOWS ** Total Outflows Foreign Exchange - Outflows $0.00 TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance 211,065.13 $211,065.13 $226,803.49 * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position 255,389.25 (146,770.00) $108,619.25 -$0.00 $0.00 $0.00 -14,843.61 $15,738.36 24,263.55 16,850.61 19,301.36 $60,415.52 (144,773.93) ($144,773.93) Period Value 0.00 Year-To-Date Value* -INCOME Current Period Value EFTA01569604 0.00 Year-To-Date Value* -$0.00 $0.00 $0.00 $0.00 Page 12 of 28 EFTA01569605 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Portfolio Activity Detail - U S Dollar INFLOWS & OUTFLOWS Type Settle Date Selection Method 6/1 6/1 6/7 6/7 6/21 Div Domest Interest Income Div Domest Spot FX Spot FX Total Inflows & Outflows Description GENERAL MOTORS CO CV PFD B @ 0.59375 PER SHARE (ID: 37045V-20-9) DEPOSIT SWEEP INTEREST FOR MAY @ .03% RATE ON NET AVG COLLECTED BALANCE OF $39,425.36 AS OF 06/01/11 PFIZER INC @ 0.20 PER SHARE (ID: 717081-10-3) SPOT CURRENCY TRANSACTION - SELL BUY USD SELL IDR EXCHANGE RATE 565.000000000 DEAL 06/06/11 VALUE 06/06/11 (ID: OIDRPR-AA-9) SPOT CURRENCY TRANSACTION - SELL BUY USD SELL BRL EXCHANGE RATE 1.582000000 DEAL 06/21/11 VALUE 06/21/11 (ID: OBRLPR-AA-2) $15,738.36 1,500.000 (84,500,000.000 ) (9,932.41) (7,875.000) (4,929.58) 0.20 300.00 9,865.73 4,977.88 Quantity Cost 1,000.000 Per Unit Amount 0.594 PRINCIPAL Amount 593.75 1.00 INCOME EFTA01569606 Amount Page 13 of 28 EFTA01569607 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 TRADE ACTIVITY Note: Trade Date Settle Date 5/27 6/2 6/8 6/13 6/13 6/16 6/20 6/23 6/20 6/23 6/20 6/23 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost Sale High Cost Sale Low Cost Sale High Cost Sale High Cost Sale High Cost THE MOSAIC COMPANY NEW @ 70.63038 35,315.19 BROKERAGE 25.00 TAX &/OR SEC .68 J.P. MORGAN SECURITIES LLC (ID: 61945C-10-3) THE MOSAIC COMPANY NEW @ 65.55 32,775.00 BROKERAGE 25.00 TAX &/OR SEC .63 J.P. MORGAN SECURITIES LLC (ID: 61945C-10-3) PROSHARES ULTRASHORT S&P 500 @ 22.21 22,210.00 BROKERAGE 50.00 TAX &/OR SEC .43 J.P. MORGAN SECURITIES LLC (ID: 74347R-88-3) AT&T INC @ 30.73 30,730.00 BROKERAGE 50.00 TAX &/OR SEC .60 J.P. MORGAN SECURITIES LLC (ID: 00206R-10-2) PFIZER INC @ 20.16002 30,240.03 BROKERAGE 75.00 TAX &/OR SEC .59 J.P. MORGAN SECURITIES LLC (ID: 717081-10-3) SPDR GOLD TRUST @ 150.11 60,044.00 BROKERAGE 20.00 TAX &/OR SEC 1.16 J.P. MORGAN SECURITIES LLC (ID: 78463V-10-7) EFTA01569608 Total Settled Sales/Maturities/Redemptions $211,065.13 ($171,152.00) $34,634.68 L $5,278.45 S (400.000) 150.057 60,022.84 (33,482.00) 26,540.84 L (1,500.000) 20.11 30,164.44 (26,460.00) 3,704.44 L (1,000.000) 30.679 30,679.40 (26,290.00) 4,389.40 L (1,000.000) 22.16 22,159.57 (19,920.00) 2,239.57 S (500.000) 65.499 32,749.37 (32,500.00) 249.37 S Quantity (500.000) L indicates Long Term Realized Gain/Loss S indicates Short Term Realized Gain/Loss * Settled transaction was initiated in prior statement period and settled in current statement period Per Unit Amount 70.579 Proceeds 35,289.51 Tax Cost (32,500.00) Realized Gain/Loss 2,789.51 S* Page 14 of 28 EFTA01569609 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Portfolio Activity Summary - Brazilian Real PRINCIPAL US Dollar Value Current Transactions Beginning Cash Balance INFLOWS Total Inflows Income OUTFLOWS ** Total Outflows Foreign Exchange - Outflows Ending Cash Balance * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Period Value -4,929.58 $4,929.58 (4,977.88) ($4,977.88) -Year-To-Date Value* -4,929.58 $4,929.58 (4,977.88) ($4,977.88) -Local EFTA01569610 Value Current Period Value 0.00 7,875.00 7,875.00 (7,875.00) (7,875.00) 0.00 Year-To-Date Value* -7,875.00 7,875.00 (7,875.00) (7,875.00) -Page 15 of 28 EFTA01569611 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Portfolio Activity Detail - Brazilian Real INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 6/21 Foreign Interest Description INTL BK RECON & DEVELOP - BRL 8.75% JUN 15 2012 DTD 08/20/2009 HELD BY EUROCLEAR ISIN XS0446421157 SEDOL B435Z93 AS OF 06/15/11 (ID: 459058-9B-1) 6/21 Spot FX Total Inflows & Outflows SPOT CURRENCY TRANSACTION - SELL BUY USD SELL BRL EXCHANGE RATE 1.582000000 DEAL 06/21/11 VALUE 06/21/11 (ID: OBRLPR-AA-2) ($48.30) $48.30 4,977.880 (4,977.88) (7,875.00) 48.30 Quantity 90,000.000 Amount USD Local Value 0.055 0.088 PRINCIPAL Amount USD Local Value 4,929.58 7,875.00 INCOME Amount USD Local Value Currency Gain/Loss USD Page 16 of 28 EFTA01569612 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Portfolio Activity Summary - Canadian Dollar PRINCIPAL US Dollar Value Current Transactions Beginning Cash Balance TRADE ACTIVITY Total Trade Activity Settled Sales/Maturities/Redemptions Ending Cash Balance * Year to date information is calculated on a calendar year basis. Your account's standing instructions use a HIGH COST method for relieving assets from your position INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. Your account's standing instructions use a HIGH COST method for relieving assets from your position Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Period Value -51,742.94 $51,742.94 -Year-To-Date Value* -51,742.94 $51,742.94 -Local Value Current Period Value 64,089.11 50,731.37 50,731.37 114,820.48 EFTA01569613 Year-To-Date Value* -50,731.37 50,731.37 -Page 17 of 28 EFTA01569614 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Portfolio Activity Detail - Canadian Dollar TRADE ACTIVITY - Canadian Dollar Note: S indicates Short Term Realized Gain/Loss Per Unit Trade Date Settle Date 6/20 6/23 Type Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost FIRST MAJESTIC SILVER CORP ISIN CA32076V1031 SEDOL 2833583 (ID: 32076V-91-3) Quantity (3,100.000) Amount USD Local Value 16.691 16.414 Proceeds USD Local Value 51,742.94 50,731.37 Tax Cost USD Realized Local Value Gain/Loss USD (41,251.64) (41,511.52) 10,491.30 S Page 18 of 28 EFTA01569615 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Portfolio Activity Summary - Indonesian Rupia PRINCIPAL US Dollar Value Current Transactions Beginning Cash Balance INFLOWS Total Inflows Income OUTFLOWS ** Total Outflows Foreign Exchange - Outflows Ending Cash Balance * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Period Value -9,932.41 $9,932.41 (9,865.73) ($9,865.73) -Year-To-Date Value* -9,932.41 $9,932.41 (9,865.73) ($9,865.73) -Local EFTA01569616 Value Current Period Value 0.00 84,500,000.00 84,500,000.00 (84,500,000.00) (84,500,000.00) 0.00 Year-To-Date Value* -84,500,000.00 84,500,000.00 (84,500,000.00) (84,500,000.00) -Page 19 of 28 EFTA01569617 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Portfolio Activity Detail - Indonesian Rupia INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 6/7 Foreign Interest Description EUROCLEAR ISIN XS0513770957 SEDOL 944985B AS OF 06/06/11 (ID: 45818W-9K-4) 6/7 Spot FX Total Inflows & Outflows SPOT CURRENCY TRANSACTION - SELL BUY USD SELL IDR EXCHANGE RATE 565.000000000 DEAL 06/06/11 VALUE 06/06/11 (ID: OIDRPR-AA-9) $66.68 ($66.68) 9,865.730 (9,865.73) (84,500,000.00) (66.68) Quantity INTER AMERICAN DEVEL BK - IDR MEDIUM TERM NOTE 1,300,000,000.000 6.50% JUN 04 2014 DTD 06/04/2010 HELD BY Amount USD Local Value 0.065 PRINCIPAL Amount USD Local Value 9,932.41 84,500,000.00 INCOME Amount USD Local Value Currency Gain/Loss USD Page 20 of 28 EFTA01569618 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Portfolio Activity Summary - Norwegian Krone PRINCIPAL US Dollar Value Current Transactions Beginning Cash Balance INFLOWS Total Inflows Income OUTFLOWS ** Total Outflows Withdrawals Ending Cash Balance * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position INCOME US Dollar Value Current Transactions Beginning Cash Balance Ending Cash Balance * Year to date information is calculated on a calendar year basis. ** Your account's standing instructions use a HIGH COST method for relieving assets from your position Period Value --Year-To-Date Value* --Local Value Current Period Value 0.00 0.00 Year-To-Date Value* --Period Value -396.09 $396.09 (396.09) ($396.09) -Year-To-Date Value* -1,664.90 $1,664.90 (1,664.90) ($1,664.90) -Local EFTA01569619 Value Current Period Value 0.00 2,145.82 2,145.82 (2,145.82) (2,145.82) 0.00 Year-To-Date Value* -9,253.09 9,253.09 (9,253.09) (9,253.09) -Page 21 of 28 EFTA01569620 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Portfolio Activity Detail - Norwegian Krone INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 6/1 Foreign Interest Description JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.7500% DATED 05/25/2011 MATURITY 06/01/2011 HELD BY LONDON TREASURY SERVICES (ID: 2521Z9-9E-7) 6/1 6/1 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Free Delivery High Cost 6/1 Receipt of Assets JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.7500% DATED 05/25/2011 MATURITY 06/01/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2521Z9-9E-7) JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.7500% DATED 06/01/2011 MATURITY 06/08/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522C9-9X-8) 6/3 Foreign Interest JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.7500% DATED 05/26/2011 MATURITY 06/03/2011 HELD BY LONDON TREASURY SERVICES (ID: 2522A9-9A-0) 6/3 6/3 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Free Delivery High Cost JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.7500% DATED 05/26/2011 MATURITY 06/03/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522A9-9A-0) (228.140) (586,655.720) (42.35) (228.14) 586,655.720 EFTA01569621 42.35 228.14 626,549.030 (213.130) (626,335.900) (39.50) (213.13) Quantity 626,335.900 Amount USD Local Value PRINCIPAL Amount USD Local Value 39.50 213.13 INCOME Amount USD Local Value Currency Gain/Loss USD Page 22 of 28 EFTA01569622 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 6/3 Receipt of Assets Description JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/03/2011 MATURITY 06/09/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522E9-9Q-1) 6/8 Foreign Interest JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.7500% DATED 06/01/2011 MATURITY 06/08/2011 HELD BY LONDON TREASURY SERVICES (ID: 2522C9-9X-8) 6/8 6/8 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Free Delivery High Cost 6/8 Receipt of Assets JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.7500% DATED 06/01/2011 MATURITY 06/08/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522C9-9X-8) JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/08/2011 MATURITY 06/15/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522G9-9K-2) 6/9 Foreign Interest JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/03/2011 MATURITY 06/09/2011 HELD BY LONDON TREASURY SERVICES (ID: 2522E9-9Q-1) 6/9 6/9 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Free Delivery High Cost JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/03/2011 MATURITY 06/09/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522E9-9Q-1) EFTA01569623 (180.960) (586,883.860) (33.59) (180.96) 586,883.860 33.59 180.96 626,762.230 (213.200) (626,549.030) (39.93) (213.20) 626,549.030 39.93 213.20 Quantity 586,883.860 Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 23 of 28 EFTA01569624 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 6/9 Receipt of Assets Description JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/09/2011 MATURITY 06/16/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522H9-9K-1) 6/15 Foreign Interest JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/08/2011 MATURITY 06/15/2011 HELD BY LONDON TREASURY SERVICES (ID: 2522G9-9K-2) 6/15 6/15 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Free Delivery High Cost 6/15 Receipt of Assets JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/08/2011 MATURITY 06/15/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522G9-9K-2) JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/15/2011 MATURITY 06/22/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522K9-9X-9) 6/16 Foreign Interest JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/09/2011 MATURITY 06/16/2011 HELD BY LONDON TREASURY SERVICES (ID: 2522H9-9K-1) 6/16 6/16 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Free Delivery High Cost JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/09/2011 MATURITY 06/16/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522H9-9K-1) EFTA01569625 (211.180) (587,064.820) (38.46) (211.18) 587,064.820 38.46 211.18 626,987.690 (225.460) (626,762.230) (41.85) (225.46) 626,762.230 41.85 225.46 Quantity 587,064.820 Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 24 of 28 EFTA01569626 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 6/16 Receipt of Assets Description JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/16/2011 MATURITY 06/23/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522L9-9Y-6) 6/22 Foreign Interest JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/15/2011 MATURITY 06/22/2011 HELD BY LONDON TREASURY SERVICES (ID: 2522K9-9X-9) 6/22 6/22 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Free Delivery High Cost 6/22 Receipt of Assets JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/15/2011 MATURITY 06/22/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522K9-9X-9) JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/22/2011 MATURITY 06/29/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522P9-9P-1) 6/23 Foreign Interest JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/16/2011 MATURITY 06/23/2011 HELD BY LONDON TREASURY SERVICES (ID: 2522L9-9Y-6) 6/23 6/23 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Free Delivery High Cost JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/16/2011 MATURITY 06/23/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522L9-9Y-6) EFTA01569627 (211.260) (587,276.000) (38.86) (211.26) 587,276.000 38.86 211.26 627,213.230 (225.540) (626,987.690) (40.95) (225.54) 626,987.690 40.95 225.54 Quantity 587,276.000 Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 25 of 28 EFTA01569628 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 6/23 Receipt of Assets Description JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/23/2011 MATURITY 06/30/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522Q9-9R-6) 6/29 Foreign Interest JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/22/2011 MATURITY 06/29/2011 HELD BY LONDON TREASURY SERVICES (ID: 2522P9-9P-1) 6/29 6/29 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Free Delivery High Cost 6/29 Receipt of Assets JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/22/2011 MATURITY 06/29/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522P9-9P-1) JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/29/2011 MATURITY 07/06/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522T9-9P-7) 6/30 Foreign Interest JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/23/2011 MATURITY 06/30/2011 HELD BY LONDON TREASURY SERVICES (ID: 2522Q9-9R-6) 6/30 6/30 Misc Disbursement REP: ROLLOVER TO TIME DEPOSIT NORWEGIAN KRONE (ID: ONOKPR-AA-1) Free Delivery High Cost JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8500% DATED 06/23/2011 MATURITY 06/30/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522Q9-9R-6) EFTA01569629 (211.330) (587,487.260) (39.08) (211.33) 587,487.260 39.08 211.33 627,438.850 (225.620) (627,213.230) (41.52) (225.62) 627,213.230 41.52 225.62 Quantity 587,487.260 Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 26 of 28 EFTA01569630 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 INFLOWS & OUTFLOWS Per Unit Type Settle Date Selection Method 6/30 Receipt of Assets Description JP MORGAN CHASE BANK - NOK LONDON TIME DEPOSITS 1.8000% DATED 06/30/2011 MATURITY 07/07/2011 HELD BY LONDON TREASURY SERVICES CLIENT REF FTD (ID: 2522U9-9Z-3) Total Inflows & Outflows $0.00 Quantity 587,698.590 Amount USD Local Value PRINCIPAL Amount USD Local Value INCOME Amount USD Local Value Currency Gain/Loss USD Page 27 of 28 EFTA01569631 GHISLAINE MAXWELL ACCT. For the Period 6/1/11 to 6/30/11 Settled Foreign Exchange Contracts Currency Trade Date Settle Date Counter Currency Trade Related INDONESIAN RUPIA U S DOLLAR BRAZILIAN REAL U S DOLLAR Jun. 6 11 Jun. 7 11 Jun. 21 11 Jun. 21 11 IDR USD BRL USD (84,500,000.00) 8565.000000 9,865.73 (7,875.00) 4,977.88 1.582000 8507.502207 1.597499 9,865.73 4,977.88 (9,932.41) (4,929.58) (66.68) 48.30 Amount Counter Amount Contract Rate Revaluation Rate Contracted Base Amount USD Revalued Amount USD Currency G/L Page 28 of 28 EFTA01569632 For the Period 6/1/11 to 6/30/11 IMPORTANT INFORMATION ABOUT YOUR STATEMENT(S) Please take the steps indicated below if you think statements are incorrect or contact your J.P.Morgan team if you require additional information about a transaction on your statement(s). In Case of Errors or Questions About Your Electronic Transfers. Contact your J.P. Morgan Team at one of the telephone numbers on the front of our statements or write us at at J.P. Morgan, as soon as you can, if you think your statement is wrong or if you need more information about a transfer on the statement. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. (1) Tell us your name and account number. (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. (3) Tell us the dollar amount of the suspected error. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days (or 20 business days for new accounts) to do this, we will credit your account for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. In Case of Errors or Questions About Non-Electronic Transfers (Checks or Deposits) Contact the Bank immediately if a statement is incorrect or if you need more information about any non-electronic transactions (checks or deposits) on this statement. If any such error appears, you must notify the bank in writing as soon as possible after your statement was made available to you. For more complete details, see the applicable account agreements and appendices that govern your account. Deposit products and services are offered by JPMorgan Chase Bank, N.A. ("JPMCB") Member FDIC. In case of other errors or questions about your statement. Please review your account statement and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, unaccounted cash positions, improper payments or transfers in writing to both the introducing broker, JPMS and the clearing firm, JPMCC at the addresses shown on your statement. Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act (SIPA). If you have any questions please contact your J.P.Morgan team. In your written communication, please provide the following information: (1) your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can, why you believe there is an error. If you need more information, you must describe the item you are unsure about. We must receive your written communication no later than 30 days after the statement on which the error or problem appeared is sent or made available. If you do not so notify us, you agree that the statement EFTA01569633 activity and account balance(s) are correct. Important Information about Pricing and Valuations Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein some of which has been provided by pricing sources or other sources that J.P. Morgan believes to be reliable, is not guaranteed for accuracy and is furnished for the exclusive use of the client. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated. Such values may only be indicative. The current price is the value of the financial asset share, unit or contract as priced at the close of the market on the last day of the statement period or the last available price. All values provided for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The value for Real Estate, Mineral Interests and Miscellaneous Assets may not reflect the most current value of the asset. Certain assets including but not limited to, pooled and private investments, non-publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of such assets may have been provided to us by third parties who may not be independent of the issuer or manager. Such information is reflected as of the last date provided to us, and is not independently verified. Disclosures Page 1 of 4 EFTA01569634 For the Period 6/1/11 to 6/30/11 Valuations of over-the-counter derivative transactions, including certain derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are derived from proprietary models based upon well-recognized financial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future market conditions. Valuations based on other models or different assumptions may yield different results. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for details of each transaction. Important Information Regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In the event of a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements and online.Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Where J.P. Morgan was unable to obtain a price from an outside service for a particular ARS, the price column on your statement and online will indicate "$0.00" which however should not be relied on as the price at which ARS would trade. The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century Funds Shares of the funds are not bank deposits and are not guaranteed by any bank, government entity, or the FDIC. Return and share price will fluctuate and redemption value may be more or less than original cost. While the money market funds seek to maintain a stable net asset value of $1.00 per share, there is no assurance that they will continue to do so. The estimated annual income and dividend yield figures for mutual funds represent the funds' most recent income dividend annualized. The distributor of the JPMorgan Funds is JPMorgan Distribution Services, Inc., which is an affiliate of the JPMCB. JPMCB and its affiliates receive compensation from JPMorgan Funds for providing services. American Century Investment Services, Inc. is the distributor of the American Century Funds. American Century Investment Management Inc. serves as investment advisor to its respective fund family and receives compensation from that fund family for providing investment advisory and other services. Shareholders of certain JPMorgan Funds are charged a redemption fee equal to 2% of the proceeds if they exchange or redeem shares of such funds within 60 days of purchase, subject to certain exceptions set forth in the prospectus of the applicable Fund. Please EFTA01569635 consult your J.P. Morgan representative for a list of the JPMorgan Funds that impose redemption fees. These statements are not official documents for income tax reporting purposes and should not be relied upon for such purposes, including determination of income, cost basis, or gain/Loss. Such information, which may be inaccurate, incomplete or subject to updating, should be confirmed with your records and your tax advisor. Offshore Deposits - London and Nassau Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Government; amounts in such foreign accounts do not have the benefit of any domestic preference applicable to U.S Banks; certain Foreign accounts are considered reportable to the Internal Revenue Service on a Report of Foreign Bank and Financial Accounts (TD F 90-22.1). You must promptly advise your J.P.Morgan representative of material changes in your investment objectives or financial situation or if you wish to modify the management of your account. Unless you inform otherwise, your J.P.Morgan representative will consider the information currently in its files to be complete and accurate. Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, the Private Bank of J.P. Morgan will provide a copy of the advisor's Form ADV II or brochure upon written request. Additional Information About Your Accounts Disclosures Page 2 of 4 EFTA01569636 For the Period 6/1/11 to 6/30/11 Securities purchased or sold through J.P.Morgan Securities LLC ("JPMS") (1) other than mutual funds, are cleared through J.P.Morgan Clearing Corp. ("JPMCC"), an affiliate of JPMS, and (2) other than exchange-listed options and securities held in margin account(s), are held in your Asset Account at JPMCB. Positions in exchange-listed options and in margin account(s) are held by JPMCC and are not delivered to or from your Asset Account. For your convenience, however, positions in exchange-listed options are presented in Asset Account statement(s) together with other assets held in such account(s). All pertinent information about your settled and pending purchases and sales effected through your JPMS account during the period covered by these statement(s), is summarized in the "Trade Activity" portion of the statement(s). You should have received (or have made available to you) separate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of transactions, including options transactions, has been included in confirmations that were previously furnished to you. Upon written request, JPMS will promptly supply you with the latest such information. JPMCC and JPMS are members of the Securities Investor Protection Corp ("SIPC"), a not-for-profit membership corporation funded by broker-dealers registered with the Securities and Exchange Commission. Securities and cash held for a customer at JPMS and JPMCC are protected by SIPC up to $500,000 per customer, which includes up to $100,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the securities. Assets held in custody by JPMCB are not subject to SIPC. You may obtain information about SIPC, including the SIPC Brochure, on their website, at "www.sipc.org" or by contacting them at (202) 371-8300. To the extent applicable, please note the following regarding estimated annual income (EAI) and estimated yield (EY): EAI and EY for certain types of securities could include a return of principal or capital gains in which case the EAI and EY would be overstated. EAI and EY are estimates and the actual income and yield might be lower or higher than the estimated amounts. EY reflects only the income generated by an investment. It does not reflect changes in its price, which may fluctuate. JPMS, JPMCB or their affiliates (the "J.P. Morgan Companies") may provide administrative, custodial, sales, distribution or shareholder services to JPMorgan Funds, American Century Funds, or funds established, sponsored, advised, or managed by third parties, and the J.P. Morgan Companies may be compensated for such services. A financial statement of this organization is available to you for personal inspection at its offices, or a copy will be mailed to you upon written EFTA01569637 request. Bank products and services are offered through JPMCB and its banking affiliates. Securities are offered by JPMS and, to the extent noted above, cleared through JPMCC. If a partial call is made with respect to an issue of securities included in your Accounts we will allocate the call by a method we deem fair and equitable. JPMS is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPMorgan Chase Bank, N.A. ("JPMCB"). Investment Products: Not FDIC Insured -No Bank Guarantee -May Lose Value IMPORTANT INFORMATION ABOUT ALTERNATIVE INVESTMENTS: FOOTNOTES 1 - 4 Private Equity, Hedge Funds, Exchange Funds, Real Estate and Other Alternative Assets 1. Direct private equity investments and pooled private investments (e.g., interests in limited partnerships and limited liability companies) are generally illiquid securities. Values are estimates only and are not warranted for accuracy or completeness. Values do not represent the actual terms at which transactions or securities could be bought or sold or new transactions could be entered into or the actual terms on which existing transactions could be liquidated as of the date of this statement. Disclosures Page 3 of 4 EFTA01569638 For the Period 6/1/11 to 6/30/11 Direct private equity investments are generally valued at cost, unless there is an active secondary trading market in the securities, in which case, direct private equity investments are valued using market prices as of the close of the last business day for this statement period. Pooled private equity investments are valued according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each investment for the specific valuation methodology used by the General Partner or Manager for that investment. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Hedge funds generally calculate the price (the "Net Asset Value" or " NAV"), 10-15 business days following the last business day of the month. For that reason, hedge fund NAVs shown will generally be the NAV of the month preceding this statement period. In general, the NAV is stated net of management and incentive fees. The NAV is calculated according to the General Partner's or Manager's stated methodology. Please refer to the limited partnership agreement, limited liability company agreement or other operative documentation for each hedge fund for the specific methodology used by the General Partner or Manager for that hedge fund. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the information and the methodology used by the General Partner or Manager in deriving valuations, (2) any errors or omissions in compiling or disseminating the valuations, and (3) any use to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. These statements do not provide tax reporting on private investments. Please continue to rely upon the General Partner or Manager of the investment vehicle for this information. 2. The 'Capital Called Since Inception USD' and "Cash/Security distributions Since Inception USD' columns are updated monthly to reflect activity (capital calls and distributions), if any. 3. Hedge funds generally allow subscriptions on a monthly or quarterly basis. Your interest in a hedge fund or hedge fund of funds is generally as of the first business day of the subscription period. Due to early funding requirements by the applicable fund, your account may be debited for the subscription amount prior to the subs