EFTA Document EFTA02014802

To: jeevacation@gm il. m ' v ti n mil. m • 'effrey epsteinlieevacation©gmail.comj Cc: Giuffrida, David From: Barrett, Paul S Sent: Thur 3/3/2011 7:09:15 PM Subject: RE: SGD We sold $5MM and bought SGD for value May 18th Paul From: Jeffrey epstein [mailto:jeevacation@gmail.com] Sent: Thursday, March 03, 2011 12:50 PM To: Barrett, Paul S Subject: Re: SGD Ok Sorry for all the typos .Sent from my iPhonc On Mar 3, 2011, at 8:55 AM, "Barrett, Paul S" Hi Jeffrey wrote: I think we should start building a position in the SGD vs USD. The authorities use the currency to control inflation and we expect a slow gradual move higher. I would like to get $5MM on here with the intention to add another $5MM. Let me know Paul EFTA_R1_00517542 EFTA02014802 Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 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 http://www.jpmorgan.com/pages/disclosurcs/email. EFTA_R1_00517543 EFTA02014803