Morgan Stanley Account Number : ELEMASROL Account Name : Electron Master Fund Rollup Long/Short Risk and Exposure Summary Report ?9-star-2013 Report ID : RSK038N Source : MSPNY General Summary Equity1(5) 19.833.509 Leverage 2 LMV (5) 11.283.926 Exp Leverage 3 SMV (5) (10.227.077) Box MV (5) 1.08 # Long Pos. 30 1.08 # Short Pos. 38 0 Long Liq.(days)4 1.46 Top 5 Longs (% Equity) 25.60 Top 10 Longs (% Equity) 37.50 Short Liq.(dayst 0.02 Top 5 Shorts (% Equity) (19.36) Top 10 Shorts (% Equity) (30.12) % of Gross MV with Liq.Fig 5 100.00 Fund Value at Risk (VaR)6 95 % Confidence Level VaR (5) °A. Equity 1 Day 5 Day (122.134) (0.62) (273.101) (1.38) 99 % Confidence Level VaR (5) % Equity 1 Day 5 Day (188.681) (0.95) (421.903) (2.13) Volatili ty Vol (% Equity) Vol (% Gross MV) 5.90 5.44 ndex Value at Risk (VaR) S&P 500 95% 99% 1 Day 5 Day (2.90) (6.48) (5.55) (12.41) Volatility 28.74 Stress Tests Market Value Breakdown Product Type MV (5) MV (% Equity ) Long Short Net Gross Long Short Net Gross Equities 11.283.926 (10.227.077) 1.056.849 21.511.004 56.89 (51.56) 5.33 108.46 Total 11.283.926 (10.227.077) 1.056.849 21,511.004 56.89 (51.56) 5.33 108.46 Notional Market Value Breakdown Product Type Notional (5) Long Short Notional 1% Equity 1 Net Gross Long Short Net Gross Total None Price I VolaIll ty Shocks (= as % Equity)? Volatility (%) Price (%) -30 -10 0 +10 +30 +50 +100 -30 (1.60) (1.60) (1.60) (1.60) (1.60) (1.60) (1.60) -20 (1.07) (1.07) (1.07) (1.07) (1.07) (1.07) (1.07) -10 (0.53) (0.53) (0.53) (0.53) (0.53) (0.53) (0.53) 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10 0.53 0.53 0.53 0.53 0.53 0.53 0.53 20 1.07 1.07 1.07 1.07 1.07 1.07 1.07 30 1.60 1.60 1.60 1.60 1.60 1.60 1.60 1. Equity: Exclude restricted securities 2. Leverage: (Abs(L.MV) • Abs(ShiV)1/Equay. shore AbsOinckafes the lelesaute value' of the