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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA00850150: Holder, Solicitation and Entertain (DS9)

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This document is a business communication containing legal disclaimers regarding investment solicitations and offers. It references discussion with Juerg Zeltner (Group Head of Wealth Management excluding US) regarding minority stake holder considerations and feedback on business scenarios. The document does not relate to criminal charges or victim matters.

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Excerpt 1
Nothing in this message or in its attachments should be construed as a **solicitation** or offer, or recommendation, to acquire or dispose of any investment
Excerpt 2
We will also need to feedback on whether 2.b and 2c are scenarios we would consider (and gain optionality) or if we don't want to **entertain**.
Excerpt 3
TOBIANO, Cynthia" Objet: discussion with JFL Positive reaction of Juerg Zeltner (Group Head of WM ex US)who is, in principle, ok to be a minority stake **holder**

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