BLACK FAMILY COMPOSITE BALANCE SHEET SUMMARY DECEMBER 31, 2015 Numbers In 000s ASSETS CASH U.S. TRUST 44.703 48.565 93 93,361 JP MORGAN 6.534 3.025 0 9,559 OTHER 624 0 0 624 51.861 51.590 93 103,544 BLACK FAMILY PARTNERS, LP NOTE 1 (Page 3) 902.765 371.056 607.966 1,881,787 FINANCIAL. INVESTMENTS See schedule A on pages 7-8 lot derails MARKETABLE SECURITIES 1.164 62 0 1,226 APOLLO RELATED INVESTMENTS 24.034 28.824 0 52,858 OTHER PRIVATE EQUITY/ DEBT & RESTRICTED STOCK 12.873 22.198 0 35,071 INVESTMENT PARTNERSHIPS 26 6.211 0 6.237 38.097 57.295 0 95,392 FINE ART AND TANGIBLE INVESTMENTS NOTE 2 ART - BRONZES CHINESE 79.906 118.459 0 198,365 ART - SOUTHEAST ASIA 26.200 0 0 26,200 ART - FINE 1.757.678 661.152 0 2,418,830 ART - RARE BOOKS & MANUSCRIPTS 81.866 94.726 0 176,592 JEWELRY 67.403 0 0 67,403 ART - DEPOSIT 86.250 0 0 86.250 2.099.303 874.337 0 2,973,640 PLANES, BOATS & AUTOS NOTE 3 AVIONETA HOLDINGS LLC (PLANE ) 12.205 0 0 12,205 BJAV MARINE LTD. (STARFIRE) 16.500 0 0 16,500 AUTOMOBILES 423 0 0 423 29.128 0 0 29,128 REAL. ESTATE NOTE 4 RESIDENCE -760 PARK AVE. NYC 29.000 0 0 29,000 RESIDENCE -750 PARK AVE. NYC 1.000 0 0 1,000 RESIDENCE -70th ST. TOWNHOUSE 18.255 37.619 0 55,874 RESIDENCE -190/2O0 NARROWS. BEDFORD 30.246 0 0 30,246 RESIDENCE -730/ 766 MEADOW LANE. SH 50.163 0 0 50,163 RESIDENCE RESIDENCE-715 MEADOW LANE. SH 0 17.271 0 17,271 RESIDENCE-MIAMI CONDO 0 16.510 0 16.510 128.664 71.400 0 200,064 PUBLISHING RELATED NOTE 5 CASH SEGREGATED FOR INVESTMENT 1 659 0 660 PUBLISHING EQUITY 11 16.165 0 16,176 WORKING CAPITAL LOANS • 24 27.068 0 27.092 36 43.892 0 43,928 TANGIBLE PERSONAL PROPERTY NOTE 6 HOUSEHOLD PROPERTY 27.812 1.022 0 28,834 OTHER PERSONAL ITEMS 4.114 0 0 4,114 31.926 1.022 0 32,948 OTHER ASSETS OTHER RECEIVABLES 289 0 0 289 LIFE INSURANCE CSV NOTE