From: Jeffrey Epstein <jeevacation@gmail.com>

From: Jeffrey Epstein <jeevacation@gmail.com> To: "Barrett, Paul S" Subject: Re: To Do Date: Wed, 30 Jan 2013 22:34:35 +0000 ok On Wed, Jan 30, 2013 at 6:33 PM, Barrett, Paul S < Jeffrey > wrote: We shorted the EUR vs CHF last year as a hedge against a European break-up. I think this risk is off the table now and therefore we should remove at least half of the hedge. We would be locking in a $200K loss on half the position. Not great but we did make $3MM in other positions against this hedge. Let me know. Paul Paul Barrett I Managing Director I Global Investment Opportunities Group 13•P. Morgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022 I T: ID# 853441 F: Disclosures regarding email content of the Sales and Trading Department are available at httplAvwwjpmorgan.corn/pages/disclosures/GWM_Disclosures NMLS This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information. viruses. confidentiality, legal privilege, and legal entity disclaimers. available at Mt •"www•pmargan.cont'pagcc'disclosurcs:amail. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for EFTA00953414 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 jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00953415