01 2003 Account Numbe FINANCIAL TRUST COMPANY INC January 01, 2003 - January 31, 2003 JPMorgan Chase Bank 345 Park Avenue, New York, NY 10154-1002 JPMorgan Private Bank Asset Account Portfolio Page 23 of 39 Norwegian Krone Activity by Date continued Settlement Date Jan 10 Jan 10 Jan 17 Jan 17 Jan 24 Jan 24 type Quantity Description Realized Amount thiliVLOSS USD Amount USD Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NOK SELL USD 34,440,000.00 5,000,000.00 SPOT RATE : 6.888000000 TRADE 1/08/03 VALUE 1/10/03 NORWEGIAN KRONE U S DOLLAR Spot FX 4,984,081.04 SPOT CURRENCY TRANSACTION - SALE - 34,440,000.00 4,984,081.04 BUY USD SELL NOK SPOT RATE : 6.910000000 TRADE 1/08/03 VALUE 1/10/03 U S DOLLAR NORWEGIAN KRONE Spot FX 25,325,615.05 SPOT CURRENCY TRANSACTION - SALE - 175,000,000.00 - 25,325,615.05 BUY USD SELL NOK SPOT RATE : 6.910000000 TRADE 1/15/03 VALUE 1/17/03 U S DOLLAR NORWEGIAN KRONE FX Opt Exerc - 25,000,000 SPOT CURRENCY TRANSACTION 175,000,000.00 25,600,140.44 SETTLEMENT OF EXERCISED FX OPTION BUY NOK SELL USD TRADE 1/15/03 VALUE 1/17/03 Fwd FX CUct - 25,307,302.96 SETTLE FORWARD CURRENCY CONTRACT 175,000,000.00 25,416,097.83 BUY NOK SELL USD CONTRACT RATE : 6.915000000 TRADE 1/15/03 VALUE 1/24'03 Fwd FX Ctrct 25,380,710.66 SETTLE FORWARD CURRENCY CONTRACT 7,744.42 - 175,000,000.00 25,416,097.83 BUY USD SELL NOK CONTRACT RATE : 6.895000000 TRADE 1/16/03 VALUE 1/24,03 Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00030520 SDNY_GM_00299718 EFTA01505538