EFTA02450617.pdf

From: jeffrey E. <[email protected]> Sent: Wednesday, September 28, 2016 8:34 PM To: Andrew McCormack Subject: Re: Opportunity to purchase Transferwise shares size? On Wed, Sep 28, 2016 at 8:48 PM, Andrew McCormack <mailto > wrote: Dear Valar Investors, We have an opp=rtunity to buy shares of Transferwise from some of the smaller, early inve=tors at the price of the Series C round ($818M post-money or -$23.4 per sh=re). The Company most recently raised money at a pre-money valuation=of $1.1B (-$29.8 per share) in their Series D round which was led by Baill=e Gifford at the beginning of this year. Transfer=ise has been on a very impressive run this year and should end 2016 at a r=n rate of approximately $100M in revenue and be cash flow positive from De=ember onwards. Our intention would be to take our=pro-rata of the shares available and offer them to you in an SPV similar t= the one we did for the Series C in 2014. The terms are 0% managemen= fee and 20% carried interest. As usual, the timi=g on this is quite short. We would be happy to discuss this deal and Trasf=rwise's recent performance with you by phone in the next few days if y=u have an interest in digging in further. Thank y=u, Andrew & James =AO please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:[email protected]" target="_blank">[email protected], and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved EFTA_R1_01549591 EFTA02450617