From: Richard Josli To: Jeffrey E. <jeevac ion gmau .com> Subject: RE: Re: Sent Friday, May 6, 2O16 2:41:14 PM The computed value of APO stock of $1,997,165,490 was rounded to $2B. Empire will round the larger values if they are discounting single assets From: Jeffrey E. (mailto:[email protected] Sent: Friday, May 06, 2016 9:15 AM To: Richard Josh Subject: Re: Look at chart you sent On Friday, 6 May 2016, Richard Josh wrote: Some of the values are rounded. There may be one that had $2B. Will check On May 6, 2016, at 8:00 AM, jeffrey E. <jcevacationgsmail.com> wrote: the chart shows similar numbers . does the empire valuation actually say 2 billion exact dollars for apollo . is it rounded? On Fri, May 6, 2016 at 7:54 AM, Richard Joslin wrote: I will continue to look for this. On May 5, 2016, at 6:52 PM, jeffrey E. <jeevacation(u?gmail.com> wrote: there is another chart somewhat similar. . does the 2billlion whole number show as the value of apo. there is not a discoount . how is 2 billion arrived at. 6:22 PM, Richard Joslin rote: Two files 1) Empire Gross Asset Value to net discounted value from 2013 to 2015 for selected valuations 2) the change over time (lower) of Empire's trading restriction discount on APO stock (sent Nov 2015) From: Brad Wechsler [mailto Sent: Thursday, May 05, 2016 2:46 PM To: leevacat on mail.come ,c'e vac tin mail.com>; Richard toslin Subject: Re: Ok EFTA_R1_00034387 EFTA01743220