28 January 2014 Brokers. Asset Managers & Exchanges Alternative Asset Manager Initiation [Figure 53: KKR Public Markets Segment Income Statement Forecasts INCOME STATEN BC 2012 1013 2013 3013 4015E 2013( 1014E 2014! 3014E 1014! For 101010101: ebnep»BM illtellthe See lAsnagentml lees 1052 454 495 538 559 205 5 584 589 617 643 ecaWe tea 438 166 166 12 121 47.6 11 192 67 ti2 0 Tool owl s rcce.e toes ' 1490 662 661 561 650 ' 2533 626 781 664 1063 Mentang 60Yu4Won 190f lkonorhg less • • Trantecbto reel 145 31 72 205 15 32.4 15 15 15 15 roe credit 184) (211 (52) (1521 106) (23 21 105) 105) 1061 (05 Total crooking/ Invisaclato las 61 20 63 07 9.1 10 10 f0 '0 Total In tovonoa 1512 as VT OA 817 202.5 636 Ttl MA 107.3 In n income (ID*: Wad COMM Interosl - - - - - - Unreaiza0 cured rarest 392 204 108 140 285 737 166 136 11.4 90 Tow Gots owned oases, 392 204 108 140 28 5 737 15.6 13.6 114 90 011ta ovesarant awe i 0 0) (1 I 00 1001' 01 02 01' O1' 01' 01 Total Invootmori Income (Iowa) 311 215 MI 140 214 738 15.7 13.7 11.6 91 Total Revenue 194.3 917 Mt 744 17.3 3313 742 027 60.6 110.4 norm Total Revolts net Owned SINN COTO 90 1786 786 736 SS 8 859 3368 760 893 774 1128 E=ars Carrxd Acres! coup =Prime Alamo to ix pool 167 62 43 66 114 295 152 54 46 36 abnagerml Ice refunds . . - 00) 1201 (101 - 1015 cum moors* M coma, ti ll C11/914 157 82 43 56 114 295 32 34 36 36 Con/004(16to 4 tanitflet 507 197 220 186 336 80.9 254 31.6 278 429 Ottuperoy and Waled Chinn 56 1S 16 19 20 71 1.9 19 19 21 Ono owning =pews 18.4 7.6 91 197 148 514 11,1 101 102 112 Total Boa ono as 37.2 37.1 44.41 497 lap 41.4 47.6 43.6 $99 Term Tow Coarsen expenses (ex wry-rowed Sep 74 7 291 728 402 374 1334 384 440 399 563 Moms (loss) atirOulaDO to noncroicang roo