COLLATERAL •wner ist I le Basis CHRISTIE'S 5/11/16 appraised value or purchase price + sales tax Unrealized Gain/Loss Collateral (Narrows) CEZANNE, PAUL Le Chateau Noir 11,500,000 50,000,000 38,500,000 Collateral (Narrows) MONDRIAN. PIET Composition C with Grey and Red 2.700.000 40.000,000 37,300.000 Collateral (Narrows) MALEVICH, KAZIMIR Extended Plane (Plan en extension) 15,500,000 50,000,000 34,500,000 Collateral (Narrows) BRANCUSI, CONSTANTIN La Muse 10,500,000 40,000,000 29,500,000 Collateral (Narrows) CEZANNE, PAUL La carriere de Bibemus 7,500,000 35,000,000 27,500,000 Collateral (Narrows) LEGER, FERNAND Femme cousant 16,000,000 40,000,000 24,000,000 Collateral (Narrows) BRANCUSI, CONSTANTIN Oiseau dans l'espace 27,500,000 50,000,000 22,500,000 Collateral (Narrows) MONET, CLAUDE Nympheas 22,500,000 45,000,000 22,500,000 Collateral (Narrows) C ZANNE, PAUL Grenade et poires dans une assiette 3,500,000 25,000,000 21,500,000 Collateral (Narrows) PICASSO, PABLO Buste de femme 9,500,000 30.000,000 20,500,000 Collateral (Narrows) RAPHAEL (RAFFAELLO SANZIO) Head of a Young Apostle 30.000,000 50.000,000 20,000.000 Collateral (Narrows) MUNCH, EDVARD Melancholy 11.000,000 30.000,000 19,000.000 Collateral (Narrows) PICASSO, PABLO Femme nue (painting) 3YKD2 11.000,000 30.000,000 19,000.000 Collateral (Narrows) TURNER, JOSEPH WILLIAM MALLORD Goldau 1.300,000 20,000,000 18,700.000 Collateral (Narrows) PICASSO, PABLO Femande Olivier (sculpture), 1909 3XJHP 2,750,000 20,000,000 17,250,000 Collateral (Narrows) CEZANNE, PAUL Crane sur une draperie (recto); Arbres et rochers a Bibemus (verso) 1,750,000 17,500,000 15,750,000 Page 1 EFTA00592903