PHAIDON PRE-AUGUST 2013 STRUCTURE CHART 3/5/2015 DRAFT BEB 2011 *.‘ • Trust • ----- ----- JMB 201 I I ASB 2011 • r - VRB 2011 -'• Trust -" N. Trust — - el • - Trust - ----- — _ — r' Black Black Fami y 1997 Trust‘i (NY)" APO2 Trust (NY)* Black Family Partners LP LOAN I.6n) 3/14/13 LOAN SI.6m 5/21/13 10/3/12 $66,001,800 $332,510 $242,812 ••• an ••• i t LDB 2011 LLC •% • (DP*** APOI Trust (NY)' 80.59% 14.93% S54m 10/3/12 siom ion/12 EQUITY EQUITY PLB LLC (DE) Manager .11-1 ADVANCE for Prof. shs S1.6m 3/14 13 KEY: *Trustees BC, JH, RR Benes DRB, BEB, JMB, ASB, VRB **Trustees DRB, BC,11-I, RR Benes BEB, JMB, ASB, VRB, DRB ***Trustees BC, JH, DRB, UST Admin Benes BEB, JMB, ASB, VRB '997 GST EX) Trust (NY)" <I. 4.48% $ 1 S67k 11/4/12 EQUITY 99.9% 0.1% JMWT Acquisition LLP (UK) ADVANCE 51.6m 5/22/13 EQUITY STAMP TAX ACQ EXP McFarlane's Client Account for -NWT Acq LLP on behalf of PLB & JMWT LLCs To Shareholders £27.5m 10/3/12 • EQUITY JMWT Topco Limited (UK) f 2.7.5m 10/3/12 + EQUITY JMWT Midco Limited (UK) SI.6m SI.6m 12 Leon Black 567k' 41%2 11/4/12 • 100% JMWT LLC (DE) Manager: LDB Designated Members: nvisivr LLC — Leon Black PLB LLC — Debra Black £13.7m 10/3112 DEBT Directors: LDB, EA Directors: LDB, EA £27.5m + £13.7m 10/3/12 EQUITY • . JMWT L mited (UK) BIDCO AF E4 I .2m to sdiing Sql far PPL sin 10/3/12 Directors: LDB, DRB, EA Subscription for Pref. shs (£ 2.1Im = 53.2m) 10/24/13 Phaidon Press Limited (UK) Directors: Key Execs, EA Phidon Press Inc. MRL (UK) Phaidon Press GmbH Phaidon Press Sari Phaidon Press Srl Phaidon Press (Australia) Phaidon Press KK (Germany) (France) (Italy) (Japan) *SS transferred from Leon & Debra JT Acct, NB. LDB has no separate account EFTA00603572