U.S. Department of Justice United States Attorney Southern District of Florida 500 South Australian Ave., Suite 400 West Palm Beach, FL 33401 Pe rscnil: ii Cl August 15, 2007 VIA FACSIMILE Dennis Block, Esq. Cadwalader, Wickersham & Taft LLP One World Financial Center New York, NY 10281 Re: Subpoena to Bear Stearns Companies, Inc. Dear Dennis: As we discussed earlier today, | have attached a grand jury subpoena addressed to the Custodian of Records for Bear Stearns Companies, Inc. I have addressed the subpoena to the parent corporation, Bear Stearns Companies, but it is meant to include the subsidiary Bear, Stearns & Co., Inc. If you would like a separate subpoena for that entity, please let me know. The subpoena calls for the presence of a witness before the grand jury, but if the Custodian of Records completes the attached records certification, his or her testimony will not be required. Thank you for your assistance with this matter, and if you have any questions or concerns, please do not hesitate to contact me. Sincerely, R. Alexander Acosta United States Attorney By: Assistant United States Attorney ce: Special Agen, F.B.1. EFTA00189873