28 January 2014 Brokers. Asset Managers & Exchanges Alternative Asset Manager Initiation [Figure 45: BX Advisory Segment income Statement Forecasts INCOME STATEMENT f Mame 2012 1013 2013 301S 4017E mIW 10141 2014E 704E 4011E 1.1nonerneol end Adviser, Fees. Nei Bat Menegerrent Fees 00 00 00 0.0 00 00 00 1.0 2.0 3.0 Aonscry Foes 357 4 670 1207 835 1254 3938 878 131 7 972 1383 TranSsclOn en3 Caber Fees. Net 03 0.0 C) 0.2 01 03 0.1 0.1 0.1 0.1 MmegoT4.4 Fee alms 00 00 Q0 0.0 00 00 00 1.0 2.0 3.0 Tow leensgovent end Aenscry Fees Net 357 7 67.0 1207 83.8 1266 3971 on 1338 983 1441 Fbtarrrence Fees R•41:93 Ovoid Fewest 00 00 00 0.0 00 00 00 00 00 00 Reeked Incerwire Fees 00 00 DO OD 00 00 00 00 00 00 UTedirld Caned Merest 00 00 00 0.0 00 00 00 0.0 00 0.0 Levee/ Meth Fees 00 00 00 00 00 00 00 00 00 00 Tow Recoronce Fees tiVeStiThInt Wont 'LOSE 00 00 00 00 00 00 00 00 00 00 Baotd 14 02 -0.1 -0.8 10 03 to 10 10 10 UTSZOI 3 -04 -15 10 10 01 10 10 10 10 This 11v4s1menl Rowe (10510 27 -0 1 0.2 20 04 20 20 20 2.0 hteres1 hcare a spend Revenue 72 1.7 24 25 83 30 3.0 3.0 30 One -0 8 -0 1 0.1 0.8 05 13 05 0.5 0,5 05 Toist Rouen's 3111 61.5 120.1 $7.2 130$ 407.1 114 1111 101.1 1411 &Awes Cetwensgsal Carpals/eon 235 I 579 712 57.5 816 2731 57.1 87.0 026 93.8 Perfornece Fa. anoctsslon Retie/ ti ned Mores' 00 0.0 Q0 0.0 0.0 00 00 00 00 0.0 Reeked licentre Fees 00 0.0 00 0.0 00 00 00 0.0 0.0 0.0 Ltresken area Moat 00 00 00 0.0 00 00 00 0.0 00 0.0 Lrreeized Mateo Fees 00 00 00 0.0 00 00 00 00 00 00 TOM PolinTotto Foe Orrponsabon 00 00 00 00 00 00 00 00 00 00 Tube 0311161seun a Balett 2351 579 762 57.5 816 273 1 571 87.0 626 93 8 Obee Opert4e$ &ones 845 20.7 209 192 211 819 21 8 224 231 238 Tout Reponse, 3117