Statements EFTA00200645

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. New = New York 10179 BEAR STEARNS ACCOUNT EXECUTIVE ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE — wwnw.bearstearns.com What's In This Statement Waal deseloclsleseselil Financial Summary , . 3 JEFFREY EPSTEIN Your Portfolio Holdings 4 C/O FINANCIAL TRUST COMPANY Transaction Detail vies 6 ATTN JEANNE BRENAN Fund Activi 6 6100 RED HOOK QUATER B-3 und Activity sssssssssarsneeeessenanersneset ST THOMAS VI 00802 YOU M@SSAQES ..,.sesesscessseesesesesenens 7 Your Portfolio at a Glance Market Value of Your Portfolio NET CREDIT BALANCE 80,376 $4,328,256 MONEY MARKET FUND BALANCE 3,417,795 a $2,000,000 Income $2,000,000 NET EQUITY THIS PERIOD NET EQUITY LAST STATEMENT $9.547.300 9,810,083 CHANGE SINCE LAST STATEMENT -262,783 "This pertiolio indudes one or mor unpriced seourties that are not rofected in the Total Value of Securties and tha Not Equity This Period. There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. HM current market value 288] Last statement's market value CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD Novernber 30,2002 THROUGH ACCOUNT NUMBER TAXPAYER NUMBER On File December 31,2002 LAST STATEMENT November 29, 2002 Important Message if any information regarding 2002interest, dividends, miscellaneous income, gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099 will be mailed to you by January 31,2003o0r a 1042Sby March 17,2003. Ploase mport any difference cr noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securitios Comp., One Metrolech Center North, Brooklyn, N.Y. 11201-3859, ‘This summary 5 for informational purposes only. It Is not intended as a tax document, ‘This statemem should be retained for your records. See reverse side for important information. o27 01/01/03;09:30 001 ve3a9 EFTA00200646

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 01/01/03;09:30 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200647

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. inc. One Metratech Center North SY Brockiyn. Mew Yous 11201-3888 STEARNS New York. New York 10179 | JEFFREY EPSTEIN 3 of? STATEMENT PERIOD Novernber 30, 2002 THROUGH December 31,2002 . account numccr Cash Flow Analysis Income Summary SaxpaveR NUMBER On File THis PERIOD ToS PERIOD YEAR TO DATE LAST STATEMENT November 29, 2002 OpeningBalance $64,926.08 Dividends 12,911.50 89,213.30 ™ = . Other Dividends 2,760.53 42,794.94 Money Fund 2,760.53 . Muni Bond Int. 2,494.52 5,352.05 Dividends/Interest 15,450.28 Credit Balance Int. 44.26 Sen Siaziosi espn rman ae Money Fund Bond Purchase Int. 0.00 “1,375.34 ee ein net reecnnenenonnetnos js panensmenvonovsouensssstasones Margin Int. Paid 0.00 -6,516.67 Amount Debited Net Cash Activity 15,450.28 Portfolio Composition Cash/Cash Equivalent 3,498,171 Equities 4,046,710 , Your Portfolio F I -000, Cash Balance Summary ed Income 2,000,000 Allocation —_—$————aa. _[_ oa TOR ssssnssutsasessssnsssnsstnssensssssussontsasssnsstnsee foes Cash 64,926.08 80,376.36 Net Cash Balance $64,926.08 $80,376.36 Cash & Equivalent 37% Equities 43% Fixed Income— 20% Unshaded portions denote debt batance andicr short market values. The alocation percentage is derived from the absohte market value of your portloio, 027 01/01/03;09:30 001 véas EFTA00200648

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co. Inc. STEARNS = York New York 10179 47 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRIPTION ‘SYMBOU'CUSIP QUANTITY PRICE ANNUAL INCOME YELD ('%) CASH BALANCE DREYFUS TAX EXEMPT CASH DEX 3,417,794.94 1.0000 3,417,795 44,431 1.3000 MANAGEMENT INSTL SH EST, 30 DAY AVG YIELD 1,3600% TOTAL CASH & CASH EQUIVALENTS $3,498,171 $44,431 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD |) CENTER TR INC CTA CASH 2,000 7.8000 15,600 480 3.0769 ‘GLIMCHER REALTY TRUST-SBI GAT CASH HRPT PROPERTIES TR-SBI HRP CASH 10,000 8.000 9.7087 5,760 8.1818 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 SBI JOHNSON& JOHNSON JNJ CASH 57,800 KRAMONT REALTY TRUST KART CASH 2,000 29.300. 2.600 8.8737 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 19.7500 237,000 20,160 , 8.5063 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 0.6400 640 027 01/01/03;09:30 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOO November 30, 2002 THROUGH December 31, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT November 29, 2002 véas EFTA00200649

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. inc. One Metratech Center North SY Brockiyn. Mew Yous 11201-3888 STEARNS New York. New York 10179 | Pe JEFFREY EPSTEIN oer STATEMENT PERIOD Novernber 30, 2002 THROUGH December 31,2002 Your Portfolio Holdings (continued) ————— | TAXPAYER NUMBER On File LAST STATEMENT November 29, 2002 Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOU'CUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD (%) TOO INC TOO CASH 15,600 23.5200 366,912 Total Equities& Options $4,046,710 $97,132 TOTAL EQUITIES $4,046,710 $97,132 FIXED INCOME Municipal Bonds accT ACCRUED ESTIMATED OURRENT DESCRIPTION SYMBOLCUSP TYPE QUANTITY PRICE MARKET VALUE INTEREST ANNUAL INCOME YELD [%} METROPOLITAN TRANSN AUTH NY HASH 2,000,000 100.0000 2,000,000 2,419 30,000 1.5000 REV AFDG-SER D-2 DATED DATE 05/30/02 BOOK ENTRY ONLY PAR CALL 01/30/2003 FSA INSURED DUE 11/01/2032 1,500% RATING: SAP A+ Total MunicipalBonds $2,000,000 $2,419 $30,000 TOTAL FIXED INCOME $2,000,000 ‘$2,419 $30,000 YOUR TOTAL ACCRUED INTEREST $2,419 YOUR TOTAL ESTIMATED ANNUAL INCOME $171,563 YOUR PRICED PORTFOLIOHOLDINGS $9,544,881 027 01/01/03;09:30 001 véas EFTA00200650

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metatech Canter North STEARNS New York. New York 10179 a 6 of? JEFFREY EPSTEIN STATEMENT PERIOO November 30, 2002 THROUGH December 31,2002 Transaction Detail account wucce | TAXPAYER NUMBER On File MONEY FUND ACTIVITY LAST STATEMENT — November 29, 2002 DATE MODAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRICE OEBIT AMOUNT CREDIT AMOUNT 11/30/02 OPENINGBALANCE 3,415,034.41 D MONTHLY DIVIDEND 2760.53 {202/02 REINVEST DREYFUS TAX EXEMPT CASH BEIKK 2760.53. MANAGEMENT INSTL SH 12/31/02 CLOSINGBALANCE 3,417,794.94 TOTAL $-2,760.53 $2,760.53 DIVIDENDS DATE DESCRIPTION SYMBOUUSIF QUANTITY RATE (8) DEBIT AMOUNT CREDIT AMOUNT 12/10/02 JOHNSON& JOHNSON JNJ 57,800 0.2050 11,849.00 REC 11/19/02 PAY 12/10/02 REC 12/09/02 PAY 12/20/02 TOTAL $12,911.50 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE () CEBIT AMOUNT CREDIT AMOUNT 12/02/02 METROPOLITAN TRANSN AUTH NY | 2,000,000 2,494.52 REV Reng Sen D-2 REE NY? ERP 300008 Eb REC 11/29/02 PAY 12/02/02 027 01/01/03;09:30 001 véas EFTA00200651

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS 7 ot? New York, New York 10179 Transaction Detail (continued) INTEREST (continued) CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOO November 30, 2002 December 31, 2002 accout nuvecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT November 29, 2002 DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) OEBIT AMOUNT (CREDIT AMOUNT 12/23/02 INTEREST ONCREDIT BALANCE 0.7500 44.26 AT 0 3/4% 11/21 THRU 12/20 TOTAL $2,538.78 Your messages ‘i Florida residents who own, manage, or control stocks, bonds, money market or mutual funds having a value of $20,000 or more for individuals or $40,000 for married couples filing jointly must pay a tax on these items, called "Intangible Tax’, by June 30 to avoid increased penalties, For Tax Returns and information, call the Department of Revenue at 1-800-352-3671, /—™ (stor) * LS * End of Statement****** As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD’s Public Disclosure Program by contacting the NASD at telephone number (800) 289-9999 or via the intemet address which is www.nasdr.com, In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request, 027 01/01/03;08:30 001 veas EFTA00200652

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE What’s In This Statement wow.bearstearns.com Financial Summary , ‘ Your Portfolio Holdings . : Transaction Detail ......s.ssessessseresseeesees Fund Activity. sscsssssrssssrssecscnesesnsnesesnesens oon Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 6,328,256 1,867 64,926 3,415,034 LONG ACCRUED INTEREST NET CREDIT BALANCE MONEY MARKET FUND BALANCE NET EQUITY THIS PERIOD NET EQUITY LAST STATEMENT $9,810,083 8,330,733 CHANGE SINCE LAST STATEMENT 1,479,350 “This portfolio indudes one or more unpriced securties that are not refected in he Total Value of Seourties and the Not Equity This Period There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Ploase mport any difference cr noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securitios Comp., One Metrolech Center North, Brooklyn, N.Y. 11201-3859, Bear. Stearns & Co- inc. New — New York 10179 JEFFREY EPSTEIN C/O FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash & Equivalent seOaDSI0 $3,479,960 Equities $4,328,256 $4,287,827 Income $2,000,000 HH current market value 288] Last statement's market value 027 11/3002;14:25 001 This summary bs for informational purposes only. It Is not intended as a tax document ‘This statemem should be retained for your records. See reverse side for important information, CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOO October 26, 2002 Novernber 29, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT October 25, 2002 THROUGH veas EFTA00200653

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 11/3002;14:25 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200654

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS _—— 10179 3 of? Cash Flow Analysis THIS PERIOD OpeningBalance $29,973.64 Money Fund 4,488.99 Funds Deposited 1,428,297.00 Dividends/Interest 6,655.44 Amount Credited Money Fund Amount Debited Net Cash Activity 34,952.44 Cash Balance Summary OPENING CLOSING Cash 29,973.64 64,926.08 Net Cash Balance $29,973.64 $64,926.08 Income Summary Teas PERIOD YEAR TO DATE Dividends 3,740.00 76,301.80 Other Dividends 4,488.99 40,034.41 Muni Bond Int. 2,857.53 2,857.53 Credit Balance Int. 57.91 Total $11,144.43 Bond Purchase Int. 0.00 -1,375.34 Margin Int. Paid 0.00 -6,516.67 Portfolio Composition Cash/Cash Equivalent 3,479,960 Equities 4,328,256 Fixed Income 2,000,000 TOR ssssnssntsassssssnsosnsssessuesssssessensentsensstsS eee 027 11/3002;14:25 001 Cash & Equivalent. CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD October 26, 2002 THROUGH Novernber 29, 2002 accoust numecr [S TAXPAYER NUMBER On File LAST STATEMENT October 25, 2002 Your Portfolio Allocation Equities 44% Fixed Income— 20% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portioiio. veas EFTA00200655

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co. Inc. STEARNS = York New York 10179 47 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRIPTION ‘SYMBOU'CUSIP QUANTITY PRICE ANNUAL INCOME YELD ('%) CASH BALANCE DREYFUS TAX EXEMPT CASH DEX 3,415,034.41 1.0000 3,415,034 51,226 1.5000 MANAGEMENT INSTL SH EST, 30 DAY AVG YIELD 1,1400% TOTAL CASH & CASH EQUIVALENTS $3,479,960 $51,226 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD |) CENTER TR INC CTA CASH 2,000 7.6900 15,380 480 3.1209 ‘GLIMCHER REALTY TRUST-SBI GAT CASH HRPT PROPERTIES TR-SBI HRP CASH 10,000 8.000 9.5579 5,760 8.4457 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 SBI JOHNSON& JOHNSON JNJ CASH 57,800 KRAMONT REALTY TRUST KART CASH 2,000 29.700. 2.600 8.7542 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 19.8600 238,320 20,160 , 8.4592 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 0.8600 860 027 11/3002;14:25 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT véas October 26, 2002 November 29, 2002 On File October 25, 2002 EFTA00200656

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. inc. One Metratech Center North — Reo hntotnh Cole STEARNS New York. New York 10179 | Pe JEFFREY EPSTEIN a STATEMENT PERIOD October 26, 2002 THROUGH November 29, 2002 Your Portfolio Holdings (continued) ree TAXPAYER NUMBER On File LAST STATEMENT October 25, 2002 Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOU'CUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD (%) TOO INC TOO CASH 15,600 29.3500 457,860 Total Equities& Options $4,328,256 $97,132 TOTAL EQUITIES $4,328,256 $97,132 FIXED INCOME Municipal Bonds accT ACCRUED ESTIMATED OURRENT DESCRIPTION SYMBOLCUSP TYPE QUANTITY PRICE MARKET VALUE INTEREST ANNUAL INCOME YELD [%} METROPOLITAN TRANSN AUTH NY HASH 2,000,000 100.0000 2,000,000 1,867 24,000 1.2000 REV AFDG-SER D-2 DATED DATE 05/30/02 BOOK ENTRY ONLY PAR CALL 12/25/2002 FSA INSURED DUE 11/01/2032 1,200% RATING: SAP A+ Total MunicipalBonds $2,000,000 ‘$1,867 $24,000 TOTAL FIXED INCOME $2,000,000 ‘$1,867 $24,000 YOUR TOTAL ACCRUED INTEREST $1,867 YOUR TOTAL ESTIMATED ANNUAL INCOME $172,358 YOUR PRICED PORTFOLIOHOLDINGS $9,808,216 027 11/3002;14:25 001 véas EFTA00200657

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear, Stearns & Co. Inc. STEARNS = York New York 10179 6 of? Transaction Detail CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD October 26, 2002 THROUGH November 29, 2002 accoust numecr [S TAXPAYER NUMBER On File LAST STATEMENT October 25, 2002 SYMBOUDUSIF QUANTITY PRICE DEBIT AMOUNT CAEDIT AMOUNT DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 11/19/02 FUNDS REC FNDS WIRED TO CITIBANK FROM 1,428,297.00 TOTAL $1,428,297.00 MONEY FUND ACTIVITY DATE MOVDAY TRANSACTION, DESCAIPTION 10/26/02 OPENINGBALANCE 2.010,545.42 Totes oINIBEND “BREVEUS TAX EXEMPT CASH MANAGEMENT INSTL SH MONTHLY DIVIDEND MANAGEMENT INSTL SH DIVIDEND REINVESTED DREYFUS TAX EXEMPT CASH MANAGEMENT INSTL SH 11/20/02 BOUGHT {400-0600 °°" "8000 F405 '00006 11/29/02 CLOSINGBALANCE 3,415,034.41 TOTAL $-1,404.488.99 $4,488.99 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (8) DEBIT AMOUNT CREDIT AMOUNT 10/31/02 FELCOR LODGING TRUST INC FCH 2,000 0.1500 300.00 REC 1 PAY 027 11/3002;14:25 001 véas EFTA00200658

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. BEAR Bear. Stearns & Co- inc. One Metratech Center North Brooklyn, New York 11201-2859 STEARNS New York. New York 10179 | Pe JEFFREY EPSTEIN 7 ot? STATEMENT PERIOD October 26, 2002 THROUGH Transaction Detail (continued) ACCOUNT NUMBER November 29, 2002 TAXPAYER NUMBER On File DIVIDENDS (continued) LAST STATEMENT DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CEBIT AMOUNT CREDIT AMOUNT TW2T102_ HOSPITALITY PROPERTIES TRUST HPT 2,000 0.7200 1,440.00 ! REC 10/25/02 PAY 11/21/02 EE SS Eeaaaee a ewan REC 10/22/02 PAY 11/22/02 TOTAL $3,740.00 INTEREST DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CERT AMOUNT CAEDIT AMOUNT 11/07/02 METROPOLITAN TRANSN AUTH NY 2,000,000 2,857.53 REV RFOG-SER D-2 BEE Yo ERPS Fook Mb REC 10/3102 PAY 11/01/02 mir ni nnn mannan nnn nmanannmanannanmanannenninnnmn AT 1 1/4% 10/21 THRU 11/05 INTEREST ONCREDIT BALANCE "0.7500 ‘ 40.70 AT 0 3/4% 11/06 THRU 11/20 TOTAL $2,915.44 / \ [stop] *+-*+* Endof Statement™***** ‘\ f 027 11/30V02;14:25 001 vegas October 25, 2002 EFTA00200659

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OFFICE SERVICING YOUR ACCOUNT BEAR = Steams & Co. Inc. STEARNS _——- 10179 ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary , Your Portfolio Holdings . . Transaction Detail ......sssesssessseresseeerees Fund Activity w.ssessessssssneessctensssecaneseensans ons Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 6,287,827 LONG ACCRUED INTEREST 2,387 NET CREDIT BALANCE 29,974 MONEY MARKET FUND BALANCE 2,010,545 NET EQUITY LAST STATEMENT 10,167,939 CHANGE SINCE LAST STATEMENT -1,837,206 “This portfolio indudes one or more unpriced securties that are not refected in he Total Value of Seourties and the Not Equity This Period There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Ploase mport any difference cr noe-roceist of checks or stocks, indicated as delivered to you, © Client Sanices at 800-624-1428; of write to Clam Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3659. JEFFREY EPSTEIN C/O FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST THOMAS VI 00802 Market Value of Your Portfolio cain 8 at — 52.0808 rcs a $2,000,000 Income $0 HE Current market value (BBY Last statement's market value 027 This summary is for informational purposes only. It Is mot intended as a tax document This statement should be retained for your records. See reverse side for important information 10/26/02;10:31 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD September 28, 2002 THROUGH October 25, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT September 27, 2002 ves? EFTA00200660

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 10/2602;10:31 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200661

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS _—— 10179 3 of? Cash Flow Analysis THIS PERIOD OpeningBalance $23,693.89 Money Fund 4,006,642.84 Dividends/Interest 7,657.59 Amount Credited $4,014,300.43 Securities Bought 000,002.50 Money Fund 6,642.84 Funds Withdrawn -2,000.000.00 Dividends/Interest Charged 1,375.34 Amount Debited Net Cash Activity 6,279.75 Cash Balance Summary OPENING CLOSING Cash 23,693.89 29,973.64 Net Cash Balance $23,693.89 $29,973.64 Income Summary THiS PERIOD YEAR TO DATE Dividends 7,631.60 72,561.80 Other Dividends 6,642.84 35,545.42 Credit Balance Int. 25.99 1,746.84 FOUN anneceeesstsneereneeern AIO A Sona Bond Purchase Int. 1,375.34 -1,375.34 Margin Int. Paid 0.00 -6,516.67 Portfolio Composition Cash/Cash Equivalent 2,040,519 Equities 4,287,827 Fixed Income 2,000,000 Total $8,328,346 027 10/26/02;10:31 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD September 28, 2002 THROUGH October 25, 2002 accoust numecr [S TAXPAYER NUMBER On File LAST STATEMENT September 27, 2002 Your Portfolio Allocation Cash & Equivalent 25% Equities 51% Fixed Income. 24% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portioiio. vea? EFTA00200662

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co. Inc. STEARNS = York New York 10179 47 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRIPTION ‘SYMBOU'CUSIP QUANTITY PRICE ANNUAL INCOME YELD ('%) CASH BALANCE DREYFUS TAX EXEMPT CASH DEX 2,010,545.42 1.0000 2,010,545 26,137 1.3000 MANAGEMENT INSTL SH EST, 30 DAY AVG YIELD _1,5700% TOTAL CASH & CASH EQUIVALENTS $2,040,519 $26,137 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD |) CENTER TR INC CTA CASH 2,000 6.0500 12,100 480 3.9669 ‘GLIMCHER REALTY TRUST-SBI GAT CASH HRPT PROPERTIES TR-SBI HRP CASH 10,000 9.9379 8,000. HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 SBI JOHNSON& JOHNSON JNJ CASH 57,800 KRAMONT REALTY TRUST KART CASH 2,000 14.2200 28.440 ; 2,600 9.1421 5,760 9.0000 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 19.1000 229,200 20,160 , 8.7958 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 0.7490 749 027 10/2602;10:31 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT véa? September 28, 2002 October 25, 2002 On File September 27, 2002 EFTA00200663

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. inc. One Metratech Center North — Reo hntotnh Cole STEARNS New York. New York 10179 | Pe JEFFREY EPSTEIN a STATEMENT PERIOD September 28, 2002 THROUGH October 25, 2002 Your Portfolio Holdings (continued) ————— | TAXPAYER NUMBER On File LAST STATEMENT September 27, 2002 Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOU'CUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD (%) TOO INC TOO CASH 15,600 25.2500 393,900 Total Equities& Options $4,287,827 $97,132 TOTAL EQUITIES $4,287,827 $97,132 FIXED INCOME Municipal Bonds accT ACCRUED ESTIMATED OURRENT DESCRIPTION SYMBOLCUSP TYPE QUANTITY PRICE MARKET VALUE INTEREST ANNUAL INCOME YELD [%} METROPOLITAN TRANSN AUTH NY HASH 2,000,000 100.0000 2,000,000 2,387 37,000 1.8500 REV AFDG-SER D-2 DATED DATE 05/30/02 BOOK ENTRY ONLY PAR CALL 11/21/2002 FSA INSURED DUE 11/01/2032 1,850% RATING: SAP A+ Total MunicipalBonds $2,000,000 $2,387 $37,000 TOTAL FIXED INCOME $2,000,000 ‘$2,387 $37,000 YOUR TOTAL ACCRUED INTEREST $2,387 YOUR TOTAL ESTIMATED ANNUAL INCOME $160,269 YOUR PRICED PORTFOLIOHOLDINGS $8,328,346 027 10/26/02;10:31 001 véa? EFTA00200664

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear, Steams & Co. Inc. STEARNS = York New York 10179 6 of? Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION 10/17/02 10/17/02 BOUGHT METROPOLITAN TRANSN AUTH NY CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD September 28, 2002 THROUGH October 25, 2002 accoust numecr [S TAXPAYER NUMBER On File LAST STATEMENT September 27, 2002 QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 2,000,000 100.00000 2,000,002.50 REV RFDG-SER D-2 DUE 11/01/2032 01,750% SUBJ TO EXTRA ORD CALL THIS SECURITY HAS PUT FEATURES ADDITIONAL INFORMATION WILL BE PROVIDED UPON REQUEST ACCR. INT. 1,375.34 TOTAL $-2,001.377.84 DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRETION 10/11/02 FND WIRED ENOS WIRED To CREDIT AMOUNT iorsioe Fxo wneD UNIS "929 TO 2,000,000.00 —_________ a MS TOTAL $-2,000,000.00 MONEY FUND ACTIVITY TRANSACTION DESCRIPTION OPENINGBALANCE {oiotio2 DIVIDEND RREXERR ERY RerMey CASH PREG RSE RSME DIVIDEND REINVESTED Toes SOLS BREVFUS TAX EXEMPT CASH MANAGEMENT INSTL SH QUANTITY PRIGE DEBIT AMOUNT CAEDIT AMOUNT 6,003,902.58 “B000-000°°" "T6567 3'660.600.66 027 10/26/02;10:31 001 véa? EFTA00200665

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Brooklyn, New York 11201-3859 BEAR Bear. Stearns & Co- inc. One Metrotech Center North STEARNS _——- 10179 JEFFREY EPSTEIN STATEMENT PERIOO September 28, 2002 October 25, 2002 THROUGH Transaction Detail (continued) accout nuvecr TAXPAYER NUMBER On File MONEY FUND ACTIVITY (continued) LAST STATEMENT — September 27, 2002 DATE MONDAY TRANSACTION DESCAIPTION SYMBOUUSIF QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 10/17/02 SOLD PREXEUS JAX BXEM a CASH DEIXX -2,000,000 1.0000 2,000,000.00 10/25/02 CLOSINGBALANCE 2.010,545.42 TOTAL $-6,642.84 $4,006,642.84 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY AATE ($) EBT AMOUNT CREDIT AMOUNT 10/15/02 GLENBOROUGH REALTY TRUST INC GLB 2,000 0.4300 860.00 REC 10/01/02 PAY 10/15/02 j REC 09/30/02 PAY 10/15/02 TRUST-MD SBI REC O02 PAY 10/15/02 REC 09/27/02 PAY 10/18/02 2 CENTER TR INC CTA 2,000 0.0600 120.00 REC 09/30/02 PAY 10/21/02 TOTAL $7,631.60 INTEREST DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE ("et DEBIT AMOUNT CREDIT AMOUNT 10/21/02 INTEREST ONCREDIT BALANCE 1.2500 25.99 AT 1 1/4% 09/21 THRU 10/20 TOTAL $25.99 027 10/26/02;10:31 001 vea7 EFTA00200666

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN,IRA TELEPHONE VISIT OUR WEBSITE What’s In This Statement wow.bearstearns.com Financial Summary , ‘ Your Portfolio Holdings . : Transaction Detail ......s.sessesseresseeerees Fund Activity. ssssssssrssssrsvecssnesesnsveceseensens YOUr M@SSAQES ..,...sesessesesssesesseresanecsars nN OO & w Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* NET CREDIT BALANCE MONEY MARKET FUND BALANCE 4,140,342 23,694 6,003,903 NET EQUITY THIS PERIOD $10,167,939 NET EQUITY LAST STATEMENT 10,110,577 CHANGE SINCE LAST STATEMENT 57,362 “This portfolio indudes one or more unpriced securties that are not reflected in the Total Vaive of Securties and the Net Equity This Period There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Ploase mport any difference cr noe-roceigt of checks or stocks, indicated as delivered to you, © Client Senices at 800-624-1428; or write to Clam Services at Bear, Steams Securitios Comp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859, Bear. Stearns & Co- inc. New = New York 10179 JEFFREY EPSTEIN C/O FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST THOMAS VI 00802 Market Value of Your Portfolio $6,027,597 Cash & Ei lent $4,140,342 $4,103,574 || Current market value ERB] Last statements market value o27 09/2802;13:15 001 ‘This summary 5 for informational purposes only. It Is not intended as a tax document, ‘This statemem should be retained for your records. See reverse side for important information. CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOG August 31,2002 September 27, 2002 accout nuvecr TAXPAYER NUMBER On File THROUGH LAST STATEMENT August 30, 2002 Important Message Confirmation: Unless we hear from you to the contrary, it is our understanding that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us. vea6 EFTA00200667

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2 of9 STATEMENT BACKER IS PRINTED ON THIS PAGE 09/2802;13:15 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200668

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS _——- 10179 3 of9 Cash Flow Analysis THIS PERIOD OpeningBalance $10,766.17 Money Fund 7,665.09 Dividends/Interest 12,927.72 Amount Credited $20,592.81 Money Fund -7,665.09 Amount Debited $-7,665.09 Net Cash Activity 12,927.72 Cash Balance Summary OPENING CLOSING Cash 10,766.17 23,693.89 Net Cash Balance $10,766.17 $23,693.89 Income Summary ToS PERIOD YEAR TO DATE Dividends 12,911.50 64,930.20 Other Dividends 7,665.09 28,902.58 Credit Balance Int. 16.22 1,720.85 Total $20,592.81 Margin Int. Paid 0.00 -6,516.67 Portfolio Composition Cash/Cash Equivalent 6,027,597 Equities 4.140342 Total $10,167,939 027 09/2802;13:15 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD August 31,2002 THROUGH September 27, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT August 30, 2002 Your Portfolio Allocation Equities 40% Cash & Equivalent 60% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portioiio. v6a6 EFTA00200669

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co. Inc. STEARNS = York New York 10179 4 a9 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRIPTION ‘SYMBOU'CUSIP QUANTITY PRICE ANNUAL INCOME YELD ('%) CASH BALANCE DREYFUS TAX EXEMPT CASH DEX 6,003,902.58 1.0000 6,003,903 78,051 1.3000 MANAGEMENT INSTL SH EST, 30 DAY AVG YIELD 1,4900% TOTAL CASH & CASH EQUIVALENTS $6,027,597 $78,051 EQUITIES Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YIELD |) CENTER TR INC CTA CASH 2,000 5.9000 11,800 480 4.0678 ‘GLIMCHER REALTY TRUST-SBI GAT CASH HRPT PROPERTIES TR-SBI HRP CASH 10,000 8.000 9.7564 5,760 8.6202 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 SBI JOHNSON& JOHNSON JNJ CASH 57,800 KRAMONT REALTY TRUST KART CASH 2,000 29.900. 2.600 8.6957 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 19.3300 231,960 20,160 , 8.6912 TRUST-MD SBI SIRIUS SATELLITE RADIO INC SIRI CASH 1,000 1.1500 1,150 027 09/2802;13:15 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT v6a6 August 31,2002 September 27, 2002 On File August 30, 2002 EFTA00200670

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. inc. One Metratech Center North SY Brockiyn. Mew Yous 11201-3888 STEARNS New York. New York 10179 | Pe JEFFREY EPSTEIN 5 of9 STATEMENT PERIOD August 31, 2002 THROUGH September 27, 2002 Your Portfolio Holdings (continued) ————— | TAXPAYER NUMBER On File LAST STATEMENT August 30, 2002 Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYRE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) TOO INC TOO CASH 15,600 24.4700 381,732 Total Equities& Options $4,140,342 $97,132 TOTAL EQUITIES $4,140,342 $97,132 YOUR TOTAL ESTIMATED ANNUAL INCOME $175,183 YOUR PRICED PORTFOLIOHOLDINGS $10,167,939 Transaction Detail MONEY FUND ACTIVITY DATE MO/DAY TRANSACTION DESCRIPTION SYMBOUCUSIP QUANTITY PRICE OESIT AMOUNT (CREDIT AMOUNT 08/31/02 OPENINGBALANCE 5,996,237.49 MANAGEMENT INSTL SH MONTHLY DIVIDEND MANAGEMENT INSTL SH DIVIDEND REINVESTED 09/27/02 CLOSINGBALANCE 6,003,902.58 TOTAL $-7,665.09 $7,665.09 027 09/2802;13:15 001 v6a6 EFTA00200671

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. inc. One Metratech Center North SY Brockiyn. Mew Yous 11201-3888 STEARNS New York. New York 10179 | 6 of9 JEFFREY EPSTEIN STATEMENT PERIOD August 31, 2002 THROUGH September 27, 2002 Transaction Detail (continued) accouvt xumccr | TAXPAYER NUMBER On File DIVIDENDS LAST STATEMENT — August 30, 2002 DATE DESCRIPTION SYMBOUOUSIF QUANTITY RATE (S$) DEBIT AMOUNT CREDIT AMOUNT 09/10/02 JOHNSON& JOHNSON JNJ 57,800 0.2050 11,849.00 REC 08/20/02 PAY 09/10/02 3/02 CROWN AMERICAN REALTY TRUST CWN 5,000 0.2125 1,062.50 REC 08/30/02 PAY 09/13/02 TOTAL $12,911.50 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT CREDIT AMOUNT 09/23/02 INTEREST ONCREDIT BALANCE 1.2500 16.22 AT 1 1/4% 08/21 THRU 09/20 TOTAL $16.22 027 09/2802;13:15 001 v6a6 EFTA00200672

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OFFICE SERVICING YOUR ACCOUNT BEAR = Steams & Co. Inc. STEARNS _——- 10179 7 oo Your messages ‘i Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At May 31, 2002 and July 31, 2002, the Company's net capital of approximately $2.5 billion and $2.0 billion was approximately 7% and 6% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $679.9 million and $644.8 million by approximately $1.8 billion and $1.3 billion, all respectively. A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bearstearns.com_, Alternatively, to request a free printed copy please call -toll free 1-866-299-9331, CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOG August 31,2002 THROUGH September 27, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT August 30, 2002 ZT Securities and other assets in your account are the firm's collateral for any margin loan made to you, If the securities and other assets in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, the firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account, It is important that you fully understand the risks involved in trading securities on margin, These risks include the following: > You can lose more funds than you deposit in the margin account, > The firm can force the sale of securities or other assets in your account(s). > The firm can sell your securities or other assets without contacting you, > You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call, > The firm can increase its "house" maintenance margin requirements at any time and is not required to provide you advance written notice, > You are not entitled to an extension of time on a margin call, o27 09/2802;13:15 001 vea6 EFTA00200673

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OFFICE SERVICING YOUR ACCOUNT BEAR = Steams & Co. Inc. STEARNS _——- 10179 8 of9 ie This statement is provided to explain Bear, Stearns & Co, Inc.'s (‘BSC’) payment for order flow practices, BSC routes a majority of orders for customer securities transactions to the primary market for such securities, Orders may also be routed to other market service vendors that assure executions pursuant to complex mathematical formulas at better than the national best bid or best offer (NBBO), BSC receives no cash payment or other consideration for such order routing other than favorable executions or executions of limit orders at no additional charge. CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOG August 31,2002 THROUGH September 27, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT August 30, 2002 TZ Pursuant to SEC Rule 11Ac1-6, please note the following: Bear, Stearns & Co, Inc, will post its quarterly routing statistics at the following web link: http://www,bearstearns ,com/bearstearns/individualinvestor/equititesord erroutingpractices, htm Customers of Bear, Stearns & Co, Inc, may request information on any order executed within the prior six months from the time of the request. Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders, 027 09/2802;13:15 001 vea6 EFTA00200674

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear. Stearns & Co- inc. One Metratech Center North a sca hn ot 1120 88 STEARNS _——- 10179 JEFFREY EPSTEIN i STATEMENT PERIOD August 31,2002 THROUGH September 27,2002 ACCOUNT NUMBER fs TAXPAYER NUMBER On File LAST STATEMENT August 30, 2002 ie The following account service fees will be charged to applicable TZ NOTICE OF CHANGE PURSUANT TO THE TRUTH IN LENDING accounts as of November 1, 2002: SEC RULE 10b-16 The service charge per transaction will be $5,00, Accounts Effective as of November 15, 2002, the annual rate of interest charged transferred from Bear Stearns will be charged a $75.00 account on any credit extended to you by Bear Stearns Securities for the transfer fee. There will be a $50,00 fee for each stock certificate purpose of purchasing, carrying or trading in any security or other that is sent out in registered form at the customer's request, We property shall be based on either the Bear Stearns Margin Basis Rate, strongly recommend against holding stock certificates in physical the Bear Stearns Securities Fed Funds Rate or the London Interbank form due to the possibility of theft, loss or damage. Offering Rate ("LIBOR"). The Bear Stearns Margin Basis Rate will be quoted daily by Bear Stearns at our main office in New York, Factors affecting the determination of the Bear Stearns Margin Basis Rate will include the short-term market interest rates quoted by money center banks and the Federal Reserve and the rate that Bear Stearns is charged for borrowing money, The Bear Stearns Securities Fed Funds Rate is the rate for U.S, dollar funds, as quoted by an independent broker of such funds selected by Bear Stearns Securities for the last transaction completed prior to 9:30 a,m, (Eastern Time) on the business day on which such rate is determined. The annual rate of interest will be no more than 3% above the Bear Stearns Margin Basis Rate or 4% above either the Bear Stearns Securities Fed Funds Rate or LIBOR and will appear on your monthly statements. Since the rate of interest charged is related to the Bear Stearns Margin Basis Rate, the Bear Stearns Securities Fed Funds Rate or LIBOR, any changes in these rates will cause corresponding changes in the rate charged to your account, which changes will be made without prior notice to you, If for any other reason Bear Stearns Securities changes the rate of interest it charges you, we will give you at least 30 days prior notice, The "Statement of Interest Charges Pursuant to the "Truth-in-Lending” SEC Rule 10b-16" previously provided to you remains in effect except to the extent specifically amended by this notice, 027 09/2802;13:15 001 Ve3a6 EFTA00200675

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BEAR = Steams & Co. Inc. STEARNS _——- 10179 ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary . Your Portfolio Holdings . : Transaction Detail ......ssssssesseressseerees ouf w Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 4,103,574 NET CREDIT BALANCE 10,766 MONEY MARKET FUND BALANCE 5,996,237 NET EQUITY LAST STATEMENT 11,841,586 CHANGE SINCE LAST STATEMENT -1,731,009 “This portfolio indudes one or more unpriced securties that are not reflected in the Total Vaiue of Securties sand the Net Equity This Period There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 accout nuvecr | PP | ery end eee TAXPAYER NUMBER On File JEFFREY EPSTEIN LAST STATEMENT July 26, 2002 C/O FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST THOMAS Vi 00802 Market Value of Your Portfolio cas concer — i 5 osc cuits $4,103,574 $3,847,068 | | Current market value EG] Last statements market value Please report any difference or nomreceipt of checks or stocks, indicated as delivered to you, ‘This summary §s for informational purposes only. It Is not intended as a tax document, % Client Senices at 800-634-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859. ‘Ths statemem should be retamed for your records See reverse side for important information. oz? 08/31/02;13:23 001 VS66 EFTA00200676

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 08/31/02;13:23 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200677

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS 3 of? Cash Flow Analysis THIS PERIOD OpeningBalance $7,018.42 Money Fund 2,008,737.92 Dividends/Interest 3,747.75 Amount Cr ited $2,012.485.67 Money Fund -8,737.92 Funds Withdrawn -2,000,000.00 Amount Debited Net Cash Activity 3,747.75 Cash Balance Summary OPENING CLOSING Cash 7,018.42 10,766.17 $10,766.17 Net Cash Balance $7,018.42 New York, New York 10179 Income Summary Teas PERIOD YEAR TO DATE Dividends 3,740.00 52,018.70 Other Dividends 8,737.92 21,237.49 Credit Balance Int. 7.75 1,704.63 Total Margin Int. Paid 0.00 -6,516.67 Portfolio Composition Cash/Cash Equivalent 6,007,003 Equities 4,103,574 Total . $10,110,577 027 08/31102;13:23 001 CLEARED THROUGH ITS WHOLLY OWNED ‘SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT Cash & Equivalent 60% July 26, 2002 Your Portfolio Allocation Equities 40% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portioiio. VS66 EFTA00200678

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear, Stearns & Co. Inc. STEARNS = York New York 10179 47 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAABKET ESTIMATED — CURRENT DESCRETION SYMBOLICUSIP QUANTITY PRICE ANNUAL INCOME —_YELD (%} CASH BALANCE DREYFUS TAX EXEMPT CASH DEX 5,996,237.49 1.0000 5,996,237 77,951 = 1.3000 MANAGEMENT INSTL SH EST, 30 DAY AVG YIELD 1,3000% TOTAL CASH & CASH EQUIVALENTS $6,007,003 $77,951 EQUITIES Equities & Options ACCT WAARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD [%} CENTER TR INC CTA CASH 2,000 5.7000 11,400 480 4.2105 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN CASH 5,000 9.5500 47,750 8.9005 FELCOR LODGING TRUST INC FCH CASH 2,000 14.8000 29,600 4.0541 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 34.6800 69,360 5,760 8.3045 8.6667 KRAMONT REALTY TRUST KRT CASH 15.0000 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 20.3400 244,080 20,160 8.2596 027 08/31/02;13:23 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT VS66 duly 27, 2002 August 30, 2002 On File July 26, 2002 EFTA00200679

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT a Bear, Stearns Securities Corp Bear, Stearns & Co. inc. One Metratech Center North fs Brocklyn, New York 11201-2859 STEARNS New York. New York 10179 | a JEFFREY EPSTEIN 5 of? STATEMENT PERIOO July 27, 2002 THROUGH August 30, 2002 Your Portfolio Holdings (continued) account sumccr ES TAXPAYER NUMBER On File Equities & Options (continued) LAST STATEMENT July 26, 2002 ACCT NANAKET ESTIMATED DESCRIPTION SYMBOUICUSIP TYPE QUANTITY PRICE VALUE __ ANNUAL INCOME TOO INC TOO CASH 15,600 23.6100 368,316 Total Equities& Options $4,103,574 $97,132 TOTAL EQUITIES $4,103,574 $97,132 YOUR TOTAL ESTIMATED ANNUAL INCOME $175,083 YOUR PRICED PORTFOLIOHOLDINGS $10,110,577 Transaction Detail DEPOSITS AND WITHDRAWALS TRANSACTION DESCRETION DEBIT AMOUNT CREDIT AMOUNT 08/08/02 FND WIRED Nt 1,000,000.00 TOTAL $-2,000,000.00 027 08/31/02;13:23 001 VS66 EFTA00200680

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metatech Canter North STEARNS New York. New York 10179 a 6 of? JEFFREY EPSTEIN STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 Transaction Detail (continued) accouvt xumccr | TAXPAYER NUMBER On File MONEY FUND ACTIVITY LAST STATEMENT — July 26, 2002 DATE MOIDAY TRANSACTION DESCAIFTION SYMBOL/OUSIP QUANTITY PRIGE DEBIT AMOUNT CREDIT AMOUNT 07/27/02 OPENINGBALANCE 7,987,499.57 D MONTHLY DIVIDEND REINVEST DREYFUS TAX EXEMPT CASH DEIXX 8,737.92 MANAGEMENT INSTL SH 8.73792 MANAGEMENT INSTL SH MANAGEMENT INSTL SH “f600600°°"" "0000 1/660.000:00 08/30/02 CLOSINGBALANCE 5,996,237.49 TOTAL $-8.737.92 $2,008,737.92 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CEBIT AMOUNT CREDIT AMOUNT 07/31/02 FELCOR LODGING TRUST INC FCH 2,000 0.1500 300.00 REC 07/15/02 PAY 07/31/02 TRUST HPT SB S85 $3,740.00 027 08/31102;13:23 001 VS66 EFTA00200681

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co- inc. STEARNS New York, New York 10179 7 of? Transaction Detail (continued) CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD July 27, 2002 THROUGH August 30, 2002 accoust numecr [S TAXPAYER NUMBER On File INTEREST LAST STATEMENT — July 26, 2002 DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) CEBIT AMOUNT CREDIT AMOUNT 08/21/02 INTEREST ONCREDIT BALANCE 1.2500 7.75 AT 1 1/4% 07/21 THRU 08/20 TOTAL $7.75 [stop] ****** End of Statement™***** 027 08/31/02;13:23 001 vs66 EFTA00200682

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BEAR = Steams & Co. Inc. STEARNS _——" 10179 ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary , Your Portfolio Holdings . ' Transaction Detail ......ssesssesserssseessees Fund Activity .,ssesssesssrssnsessstensssecanesnensaes our Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 3,847,068 NET CREDIT BALANCE 7,018 MONEY MARKET FUND BALANCE 7,987,500 NET EQUITY LAST STATEMENT 13,100,511 CHANGE SINCE LAST STATEMENT -1,258,924 “This portfolio indudes one or more unpriced securties that are not refected in the Total Value of Securties and the Net Equity This Period There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD June 29, 2002 THROUGH July 26, 2002 accout nuvecr Hasalbacsbealslsssehil TAXPAYER NUMBER On File JEFFREY EPSTEIN LAST STATEMENT dune 28, 2002 C/O FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST THOMAS VI 00802 Market Value of Your Portfolio 994,518 Equities $3,847,068 $4,122,377 | | Current market value ERB] Last statements market value Please report any difference cr nomreceipt of checks or stocks, indicated as delivered to you, ‘This summary §s for informational purposes only. It Is not intended as a tax document, % Client Senices at 800-634-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859. ‘This statemem should be retained for your records. See reverse side for important information. 027 07/27102;17:22 001 v865 EFTA00200683

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 07/27102;17:22 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200684

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS _——- 10179 3 of? Cash Flow Analysis THIS PERIOD OpeningBalance $698,754.87 Money Fund 1,008,120.29 Dividends/Interest 8,263.55 Amount Credited $1,016,383.84 Money Fund -708,120.29 Funds Withdrawn -1,000,000.00 Amount Debited Net Cash Activity $-1,708.120.29 -691 736.45 Cash Balance Summary OPENING CLOSING Cash 698,754.87 7,018.42 Net Cash Balance $698,754.87 $7,018.42 Income Summary ToS PERIOD YEAR TO DATE Dividends 7,631.60 48,278.70 Other Dividends 8,120.29 12,499.57 Credit Balance Int. 631.95 1,696.88 Total $16,383.84 | Margin Int. Paid 0.00 -6,516.67 Portfolio Composition Cash/Cash Equivalent 7,994,518 Equities 3,847,068 Total $11,841,586 027 O7/2702;17:22 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD June 29, 2002 THROUGH July 26, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT June 28, 2002 Your Portfolio Allocation Equities 32% Cash & Equivalent. 68% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portioiio. VS65 EFTA00200685

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear, Stearns & Co. Inc. STEARNS = York New York 10179 47 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAABKET ESTIMATED — CURRENT DESCRETION SYMBOLICUSIP QUANTITY PRICE ANNUAL INCOME —_YELD (%} CASH BALANCE DREYFUS TAX EXEMPT CASH DEX 7,987,499.57 1.0000 7,987,500 103,837 1.3000 MANAGEMENT INSTL SH EST, 30 DAY AVG YIELD _1,3300% TOTAL CASH & CASH EQUIVALENTS $7,994,518 $103,837 EQUITIES Equities & Options AccT MARKET ESTIMATED CURPENT DESCRIPTION SYMBOUCUSIP TPE QUANTITY PRIE VALUE ANNUAL INCOME YELD (%} CENTER TR INC CTA CASH 2,000 6.0000 12,000 480 4.0000 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN'AMERICAN REALTY TRUST CWN CASH 5,000 3500 41.750 FELCOR LODGING TRUST ING FCH GASH 2,000 74/9000 29.800 10.1796 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 31.6200 63,240 5,760 9.1082 KRAMONT REALTY TRUST KRT CASH 13.4500 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 20.3800 244,560 20,160 8.2434 027 07/27102;17:22 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT VS65 June 29, 2002 July 26, 2002 On File June 28, 2002 EFTA00200686

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear. Stearns & Co. inc. One Metratach Center North STEARNS New York. New York 10179 | Pe JEFFREY EPSTEIN STATEMENT PERIOD June 29, 2002 THROUGH duly 26, 2002 accoust numecr [S TAXPAYER NUMBER On File Your Portfolio Holdings (continued) Equities & Options (continued) LAST STATEMENT — June 28, 2002 ACCT MAARKET ESTIMATED CURRENT DESCRIPTION SYMBOU'CUSIP TYRE QUANTITY PRE VALUE ANNUAL INCOME YELD (%) TOO INC TOO CASH 15,600 26.1000 407,160 Total Equities& Options $3.847,068 $97,132 TOTAL EQUITIES $3,847,068 $97,132 YOUR TOTAL ESTIMATED ANNUAL INCOME $200,969 YOUR PRICED PORTFOLIOHOLDINGS $11,841,586 Transaction Detail DEPOSITS AND WITHDRAWALS DATE TRANSACTION DESCRPTION DEBIT AMOUNT CREDIT AMOUNT 07/23/02 FND WIRED ENOS WIRED To 1,000,000.00 TOTAL $-1,000,000.00 o2? 07/27102;17:22 001 VS65 EFTA00200687

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metatech Canter North STEARNS New York. New York 10179 a JEFFREY EPSTEIN 6 of? STATEMENT PERIOD June 29, 2002 THROUGH July 26, 2002 Transaction Detail (continued) TAXPAYER NUMBER On File MONEY FUND ACTIVITY LAST STATEMENT —_ June 28, 2002 DATE MOVDAY TRANSACTION DESCAIFTION SYMBOUOUSIF QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 06/29/02 OPENINGBALANCE 8.279,379.28 D MONTHLY DIVIDEND 07/01/02 REINVEST DREYFUS TAX EXEMPT CASH DEIXX 8,120.29 MANAGEMENT INSTL SH 8.12028 MANAGEMENT INSTL SH MANAGEMENT INSTL SH “f600600°°"" "0000 "{060.000.00 07/26/02 CLOSINGBALANCE 7,987,499.57 TOTAL $-708,120.29 $1,008,120.29 DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CEBIT AMOUNT CREDIT AMOUNT 07/15/02 GLENBOROUGH REALTY TRUST INC GLB 2,000 0.4300 860.00 REC 07/01/02 PAY 07/15/02 “éLit EAT REC 06/28/02 PAY 07/15/02 TRUST-MD SBI REC 06/30/02 PAY 07, M602 REC 06/26/02 PAY 07/19/02 67/22/02 CENTER TA INC Gta 2.000 ”"'0.0600 120.00 REC 06/28/02 PAY 07/22/02 TOTAL $7,631.60 027 O7/2702;17:22 001 VS65 accout nuvecr EFTA00200688

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co- inc. STEARNS New York, New York 10179 7 of? Transaction Detail (continued) CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD June 29, 2002 THROUGH duly 26, 2002 accoust numecr [S TAXPAYER NUMBER On File INTEREST LAST STATEMENT June 28, 2002 DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE [%) DEBIT AMOUNT CAEDIT AMOUNT 07/22/02 INTEREST ONCREDIT BALANCE 1.2500 631.95 AT 1 1/4% 06/21 THRU 07/20 TOTAL $631.95 [stop] ****** End of Statement"***** o27 07/2702;17:22 001 VS65 EFTA00200689

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT BEAR = Steams & Co. Inc. STEARNS _——* 10179 ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary .. Your Portfolio Holdings . . Transaction Detail ........ssssssesesessseerees ou ff Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 4.122.377 NET CREDIT BALANCE 698,755 MONEY MARKET FUND BALANCE 8,279,379 NET EQUITY LAST STATEMENT 11,805,819 CHANGE SINCE LAST STATEMENT 1,294,691 “This portfolio indudes one or more unpriced securties that are not reflected in the Total Vatue of Securties sand the Net Equity This Period There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD June 1, 2002 THROUGH June 28, 2002 accout nuvecr | PP | ery end eee TAXPAYER NUMBER On File JEFFREY EPSTEIN LAST STATEMENT May 31,2002 C/O FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST THOMAS VI 00802 Market Value of Your Portfolio $8,978,134 Cash & Equivalent $6,612,663 Equities $4.122,377 $5,193,156 fis] Current market value 288] Last statements market value Please report any difference cr nomraceipt of checks or stocks, indicated as delivered to you, ‘This summary is for informational purposes only. It Is not intended as a tax document, % Client Senices at 800-634-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859. ‘Ths statemem should be retamed for your records See reverse side for important imformation. oz? 06/29102;10:49 001 vS63 EFTA00200690

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 06/2902;10:49 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200691

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS — Cash Flow Analysis THIS PERIOD OpeningBalance $137,663 a4 Securities Sold 567,830.73 Money Fund 4,379.28 Dividends/Interest 13,493.27 Miscellaneous 1,779,767.43 804,379.28 Amount Debited Net Cash Activity $-1,804,379.28 561,091.43 Same day Yansters cf cash betwoon account types are not included in this section; such transfers, as well as details for all other transactions tis period, appear in Transaction Detail. New York, New York 10179 Cash Balance Summary OPENING CLOSING Cash 131,409.18 698,754.87 Margin 6,254.26 0.00 Net Cash Balance $137,663.44 $698,754.87 Income Summary THIS PERIOD YEAR TO DATE Dividends 12,911.50 40,647.10 Other Dividends 4,379.28 4,379.28 Credit Balance Int. 581.77 1,064.93 Total . $17,872.55 $46,091.31 Margin Int. Paid 0.00 -6,516.67 Portfolio Composition Cash/Cash Equivalent 8,978,134 Equities 4.122.377 027 06/2902;10:49 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN 3 of? STATEMENT PERIOD June 1, 2002 THROUGH ACCOUNT NUMBER June 28, 2002 TAXPAYER NUMBER On File LAST STATEMENT Cash & Equivalent 69% May 31, 2002 Your Portfolio Allocation — Equities 31% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portiatio. VS63 EFTA00200692

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear, Stearns & Co. Inc. STEARNS = York New York 10179 47 Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE DREYFUS TAX EXEMPT CASH ; 8,279,379.28 1.0000 8,279,379 124,191 1.5000 MANAGEMENT INSTL SH EST, 30 DAY AVG YIELD _1,2300% TOTAL CASH & CASH EQUIVALENTS $8,978,134 $124,191 EQUITIES Equities & Options ACCT WAARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD [%} CENTER TR INC CTA CASH 2,000 7.0600 14,120 480 3.3994 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN CASH 5,000 9.4000 47,000 9.0426 FELCOR LODGING TRUST INC FCH CASH 2,000 18.3500 36,700 3.2698 HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 36.5000 73,000 5,680 77808 KRAMONT REALTY TRUST KRT CASH 15.9900 8.1301 RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 20.1500 241,800 20,160 8.3375 027 06/2902;10:49 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT VS63 dune 1, 2002 June 28, 2002 On File May 31, 2002 EFTA00200693

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metatech Canter North STEARNS New York. New York 10179 a JEFFREY EPSTEIN STATEMENT PERIOD June 1, 2002 THROUGH June 28, 2002 accout nuvecr TAXPAYER NUMBER On File Your Portfolio Holdings (continued) Equities & Options (continued) LAST STATEMENT = May 31, 2002 ACCT MAARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYRE QUANTITY PRE VALUE ANNUAL INCOME YELD (%) TOO INC TOO CASH 15,600 30.8000 480,480 Total Equities& Options $4,122,377 $97,052 TOTAL EQUITIES $4,122,377 $97,052 YOUR TOTAL ESTIMATED ANNUAL INCOME $221,243 YOUR PRICED PORTFOLIOHOLDINGS $13,100,510 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 06/17/02 06/12/02 SOLD ALLIED WASTE INDUSTRIES INC AW -2,500 11.42000 28,399.14 NEW UNSOLICITED ALLIED WASTE INDUSTRIES INC NEW AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT FIVE STAR QUALITY CARE INC UNSOLICITED 230 "52000 027 06/2902;10:49 001 VS63 EFTA00200694

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. inc. One Metratech Center North SY Brockiyn. Mew Yous 11201-3888 STEARNS New York. New York 10179 | JEFFREY EPSTEIN 6 of? STATEMENT PERIOD June 1, 2002 THROUGH June 28, 2002 Transaction Detail (continued) accouvt xumccr | TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) Last STATEMENT = May $1, 2002 SETTLEMENT = TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLCUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT o6/1802 06/13/02 SOLD ALLIED WASTE INDUSTRIES ING AW “13,200 11-50790 151,105.20 NEW AVG PRICE SHOWN-DETALS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED NEW AVG PRICE SHOWN-DETALS ON REQ ACTUAL CONFIRM TO YOUR AGENT UNSOLICITED TOTAL $567,830.73 MONEY FUND ACTIVITY DATE MavDAY TRANSACTION DESCAIPTION SYMBOUCUSIP QUANTITY PRICE DEBIT AMOUNT CAEDIT AMOUNT 06/01/02 OPENINGBALANCE 6.475,000 MANAGEMENT INSTL SH MONTHLY DIVIDEND O6i03i02" REINVEST DREYFUS TAX EXEMPT CASH eee 4 879.28 MANAGEMENT INSTL SH a DIVIDEND REINVESTED 06/28/02 CLOSINGBALANCE 8.279,379.28 TOTAL $-1,804,379.28 $4,379.28 027 06/2902;10:49 001 VS63 EFTA00200695

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metatech Canter North STEARNS New York. New York 10179 a JEFFREY EPSTEIN 7 of? STATEMENT PERIOD June 1, 2002 THROUGH June 28, 2002 Transaction Detail (continued) account xumccr = TAXPAYER NUMBER On File DIVIDENDS LAST STATEMENT = May 31, 2002 DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE (8) OEBIT AMOUNT CREDIT AMOUNT 06/11/02 JOHNSON& JOHNSON JNJ 57,800 0.2050 11,849.00 REC 05/21/02 PAY 06/11/02 06/14/02 CROWN AMERICAN REALTY TAUST CWN ‘ 5,000 0.2125 ™ 062.50 REC 06/03/02 PAY 06/14/02 TOTAL $12,911.50 INTEREST DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (%) OEBIT AMOUNT CREDIT AMOUNT 06/21/02 INTEREST ONCREDIT BALANCE 1.2500 581.77 AT 1 1/4% 05/21 THRU 06/20 TOTAL $581.77 MISCELLANEOUS TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT JOURNAL COL REC LOA FROM 35301417 1,779,767.43 JOURNAL JOURNAL FROM TYPE 270 1 6,254.26 06/12/02 JOURNAL JOURNAL FROM TYPE 2TO 1 6,254.26 TOTAL $-6,254.26 $1,786,021.69 f (stor ****** End of Statement*™***** / o27 06/29/02;10:49 001 v563 EFTA00200696

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. One Metratech Center North a Secciye Now You 11201-9080 STEARNS New York New York 10179 a | JEFFREY EPSTEIN ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary , Your Portfolio Holdings . . Transaction Detail ......s.ssessesseresseeerees Fund ACtivity w.ssesssssserssnsessctenssecanesnensans our Ww Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 5,193,156 NET CREDIT BALANCE 137,663 MONEY MARKET FUND BALANCE 6,475,000 TTT NET EQUITY LAST STATEMENT 5,888,067 CHANGE SINCE LAST STATEMENT 5,917,753 “This portfolio indudes one or more unpriced securties that are not reflected in the Total Vatue of Securties sand the Net Equity This Period There are no "Stop Loss’ orders or other pending buy or sell open orders on file for your account. Bear, Stearns Securities Corp. STATEMENT PERIOD April 27,2002 THROUGH May 31,2002 account xumccr = | PP | ery end eee TAXPAYER NUMBER On File JEFFREY EPSTEIN LAST STATEMENT April 26, 2002 C/O FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST THOMAS VI 00802 Market Value of Your Portfolio $6,612,663 Cash & Equivalent $101,774 Equities $5,193,156 $5,786,293 | | Current market value ERB] Last statements market value Please report any difference cr nomreceipt of checks or stocks, indicated as delivered to you, ‘This summary is for informational purposes only. It Is not intended as a tax document, % Client Senices at 800-634-1428; cr write to Clont Services at Boar, Steams Securities ‘This statemem should be retained for your records. See reverse side for important information. Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3659. 027 0601/02;15:46 001 vss9 EFTA00200697

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 0601/02;15:46 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200698

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS 3 of? Cash Flow Analysis THIS PERIOD OpeningBalance $101,773 57 Securities Sold 631,511.40 Money Fund 25,000.00 Dividends/Interest 4162.16 Miscellaneous 6,000,000.00 Amount Credited Securities Bought -90.000.00 Money Fund -6,500,000.00 Miscellaneous -34,783.69 Amount Debited Net Cash Activity 35,889.87 Cash Balance Summary OPENING CLOSING Cash 95,519.31 131,409.18 Margin 6,254.26 6,254.26 Net Cash Balance $101,773.57 $137,663.44 New York, New York 10179 Income Summary ToS PERIOD YEAR TO DATE Dividends 3,720.00 27,735.60 Credit Balance Int. 442.16 483.16 Total Margin Int. Paid 0.00 -6,516.67 Portfolio Composition Cash/Cash Equivalent 6,612,663 Equities 5,193,156 Tota eencerreesssereercereeeetaeessssereeneeaeenee 9 OOS 819 027 0601/02;15:46 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOO April 27,2002 THROUGH May 31, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT April 26, 2002 Your Portfolio Allocation Equities 43% Cash & Equivalent 57% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portiatio. v559 EFTA00200699

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear, Stearns & Co. Inc. STEARNS = York New York 10179 47 Your Portfolio Holdings CASH & CASH EQUIVALENTS MARKET ESTIMATED (QURRENT DESCRIPTION SYMBOU'CUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE DREYFUS TAX EXEMPT CASH ; 6,475,000 1.0000 6,475,000 90,650 1.4000 MANAGEMENT INSTL SH EST, 30 DAY AVG YIELD 1,4000% TOTAL CASH & CASH EQUIVALENTS $6,612,663 $90,650 EQUITIES Equities & Options ACCT WAARKET ESTIMATED CURRENT DESCRIPTION SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD [%} ALLIED WASTE INDUSTRIES INC AW CASH 50,000 11.2000 560,000 NEW aa SE SSS REE aa hn Bean seaeeenneeeen ss canensnnensnnenennennnssssee ee CREE aaa eieeea aac ca cn nc ccc aac ES nnn S35 SI Deana an ncn c ceca nn mere LHe aaa cence ane Laan eae HOSPITALITY PROPERTIES TRUST HPT CASH 2,000 35.3300 70,660 5,680 8.0385 027 0601/02;15:46 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOO April 27,2002 THROUGH May 31, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT April 26, 2002 v559 EFTA00200700

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. my Hrerenty imine rly STEARNS New York, New York 10179 JEFFREY EPSTEIN 5 of? STATEMENT PERIOO April 27,2002 THROUGH May 31, 2002 Your Portfolio Holdings (continued) account numecr = TAXPAYER NUMBER On File LAST STATEMENT April 26, 2002 Equities & Options (continued) ACCT MARKET ESTIMATED CURRENT DESCRETION SYMBOLICUSIP TPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%} RAMCO GERSHENSON PROPERTIES RPT CASH 12,000 19.6500 235,800 20,160 8.5496 TRI TOO ING TOO CASH 15,600 30.6000 477,360 Total Equities& Options $5,193,156 $97,052 TOTAL EQUITIES $5,193,156 $97,052 YOUR TOTAL ESTIMATED ANNUAL INCOME $187,702 YOUR PRICED PORTFOLIOHOLDINGS $11,805,819 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT — TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT os/07/02 05/02/02 SOLD TOO INC TOO -16,300 31.00380 504,366.22 UNSOLICITED UNSOLICITED PROSPECTUS UNDER SEPARATE MAIL AS OF 05/15/02 027 06/01/02;15:46 001 v559 EFTA00200701

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. inc. One Metratech Center North SY Brockiyn. Mew Yous 11201-3888 STEARNS New York. New York 10179 | 6 of? JEFFREY EPSTEIN STATEMENT PERIOD April 27,2002 THROUGH May 31, 2002 Transaction Detail (continued) accouvt xumccr | TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT — April 26, 2002 SETTLEMENT TRADE par E OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 08/21/02 05/16/02 SOLD AEROPOSTALE ARO -5,000 25.59750 127,1 AVG PRICE SHOWN-DETAILS ON REQ ACTUAL CONFIRM TO YOUR AGENT 45.18 TOTAL $-90,000.00 $631,511.40 MONEY FUND ACTIVITY MOIDAY TRANSACTION DESCAIFTION SYMBOLOUSIP QUANTITY PRIGE DEBIT AMOUNT CAEDIT AMOUNT 04/27/02 OPENINGBALANCE 0.00 MANAGEMENT INSTL SH — “SO 6.500.000 °°" 76000 6:506:000°00"" 05! 00 35,600.00 05/31/02 CLOSINGBALANCE 6.475,000 TOTAL $-6,500,000.00 $25,000.00 DIVIDENDS OATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) DEBIT AMOUNT CAEDIT AMOUNT 04/30/02 FELCOR LODGING TRUST INC FCH 2,000 0.1500 300.00 REC 04/12/02 PAY 04/30/02 05/23/02 HOSPITALITY PROPERTIES TRUST HPT 2,000 0.7100 SBI REC 04/24/02 PAY 05/2302 027 06/01/02;15:46 001 v559 EFTA00200702

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. inc. ne Metrotech Center North SY Brockiyn. Mew Yous 11201-3888 STEARNS New York. New York 10179 | Pe JEFFREY EPSTEIN 7 of? . STATEMENT PERIOD April 27,2002 THROUGH May 31, 2002 Transaction Detail (continued) account numccr TAXPAYER NUMBER On File DIVIDENDS (continued) LAST STATEMENT — April 26, 2002 DATE DESCRIPTION SYMBOUICUSIP QUANTITY RATE ($) DEBIT AMOUNT CAEDIT AMOUNT 05/24/02 HAPT PROPERTIES TR-SBI HAP 10,000 0.2000 2,000.00 REC 04/22/02 PAY 05/24/02 TOTAL $3,720.00 INTEREST DATE DESCRIPTION SYMBOUICUSIP QUANTITY RATE DEBIT AMOUNT CAEDIT AMOUNT 05/21/02 INTEREST ONCREDIT BALANCE 1.2500 442.16 AT 1 1/4% 04/21 THRU 05/20 TOTAL $442.16 MISCELLANEOUS TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT JOURNAL To 34,783.69 JOURNAL Faow ial ‘ 6,000,000.00 PER LO. TOTAL $-34,783.69 $6,000,000.00 f™ [stop] “***** End of Statement™***** 027 06101/02;16:46 001 vss9 EFTA00200703

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary , Your Portfolio Holdings . . 4 Transaction Detail .....scssseeeeneres 5 Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* NET CREDIT BALANCE 5,786,293 101,774 NET EQUITY THIS PERIOD $5,888,067 NET EQUITY LAST STATEMENT 4,953,140 CHANGE SINCE LAST STATEMENT 934,927 “This portfolio includes one of mom unpriced securties that are not refected in the Total Value of Securties and the Net Equity This Period. There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Please report any difference or nomreceipt of checks or stocks, indicated as deltverad to you, % Client Senices at 800-634-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Broolyn, N.Y. 11201-3659. Bear. Stearns & Co- inc. New York, New York 10179 JEFFREY EPSTEIN C/O FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST THOMAS VI 00802 Market Value of Your Portfolio Cash & Equivalent Ase $-978,513 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOG March 29, 2002 THROUGH April 26, 2002 accor nuvecr TAXPAYER NUMBER On File LAST STATEMENT March 28, 2002 Equities $5,786,293 $5,931,653 HM current market value ER] Last statements market value (] Short market value 027 This summary Is for informational purposes only. It is not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important information. 04/27102;12:01 001 vss7 EFTA00200704

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2 of8 STATEMENT BACKER IS PRINTED ON THIS PAGE 04/27102;12:01 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200705

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS — Cash Flow Analysis THIS PERIOD OpeningBalance $-978,512.93 Dividends/Interest 7,672.60 Miscellaneous 1,100,000.00 Amount Cr ited $1,107,672.60 Dividends/Interest Charged 1,298.34 Miscellaneous -26,087.76 Amount Debited _cacsssi1sissnssnenesseees ites eae Net Cash Activity 1,080,286.50 Same day transfers of cash between account types are mot inchuded in this section, such transfers, as well as details for all offer transactions ths period, appear in Transaction Detail New York, New York 10179 3 of8 Cash Balance Summary OPENING CLOSING Cash 0.00 95,519.31 Margin -978,512.93 6,254.26 Net Cash Balance $-978,512.93 $101,773.57 Income Summary THIS PERIOD YEAR TO DATE Dividends 7,631.60 24,015.60 Credit Balance Int. 41.00 Total $7,672.60 $24,056.60 Margin Int. Paid 1,298.34 -6,516.67 Portfolio Composition Cast/Cash Equivalent 101,774 Equities 5,786,293 027 04/27102;12:01 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD March 29, 2002 THROUGH April 26, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT March 28, 2002 Your Portfolio Allocation Cash & Equivalent— 1% Equities 99% Unehaded portions denote debt bance andicr short market values, The alocation percentage is derived from the absolite market value of your porttaio VS67 EFTA00200706

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co. Inc. STEARNS _— York New York 10179 4 of8 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED QURRENT DESCRIPTION ‘SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE 101,774 TOTAL CASH & CASH EQUIVALENTS $101,774 EQUITIES Equities & Options ACCT MARKET ESTIMATED (CURRENT DESCRIPTION ‘SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) ALLIED WASTE INDUSTRIES INC AW CASH 50,000 11.7900 589,500 NEW CENTER TR INC CTA CASH 2,000 5.6000 11,200 480 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN CASH 5,000 9.4700 47,350 4,250 8.9757 21-0000 42.000 1200 "2.8573 FELCOR LODGING TRUST INC FCH FIVE STAR QUALITY CARE INC FYE CASH 7.3500 735 GLENBOROUGH REALTY TRUST INC GLB GASH 2,000. 21-8000 43.600 3.440 7.8899 GLIMCHER REALTY TRUST-SBI_ GAT CASH 2,000 . 19.0700 38,140 3,846 10.0839 027 04/27102;12:01 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOG March 29, 2002 THROUGH April 26, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT March 28, 2002 vss7 EFTA00200707

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. Inc. One Metatech Canter North STEARNS New York. New York 10179 a JEFFREY EPSTEIN STATEMENT PERIOD March 29, 2002 THROUGH April 26, 2002 accout nuvecr TAXPAYER NUMBER On File Your Portfolio Holdings (continued) Equities & Options (continued) LAST STATEMENT = March 28, 2002 ACCT NAARKET ESTIMATED CURRENT DESCRIPTION ‘SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) TOO INC Tao CASH 31,900 29.3000 934.670 Total Equities& Options $5,786,293 $97,052 TOTAL EQUITIES $5,786,293 $97,052 YOUR TOTAL ESTIMATED ANNUAL INCOME $97,052 YOUR PRICED PORTFOLIOHOLDINGS $5,888,066 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT — TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREDIT_ AMOUNT 04/10/02 JOURNAL ALLIED WASTE INDUSTRIES INC AW 50,000 NEW JOURNAL FROM TYPE 2 TO 1 AMERICAN REALTY TRUST JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 2 TO 1 027 04/27102;12:01 001 VS67 EFTA00200708

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metatech Canter North STEARNS New York, New York 10179 a JEFFREY EPSTEIN 6 of8 , STATEMENT PERIOG March 29, 2002 THROUGH April 26, 2002 Transaction Detail (continued) accouvt xumccr | TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT — March 28, 2002 SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREOIT AMOUNT 04/10/02 JOURNAL GLIMCHER REALTY TRUST-SBI GRT 2,000 OFA FROM TYPE 2701 JOURNAL FROM TYPE 2 To 1 oaitoio2"* JOURNAL “HOSPITALITY BAGPERTIES TRUST SBI JOURNAL FROM TYPE 2 TO 1 ss senensnensnene eu pnnnnneneee meget gptntntntn ses ennnennnnnnnnnsesompannenenenesisanenentnenaegttysnnnnnnnnnnnn is sanennnenenennns is euntnentninints ii atnennannnnnetss JOURNAL FROM TYPE 2 TO 1 Fi Ty T TRUST-MD SBI JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 2 TO 1 oarioos™ JOURNAL ALTIED WASTE INDUSTRIES NC ‘AW 50,000" NEW JOURNAL FROM TYPE 2TO 1 oarioies" JOURNAL CROWN AMERICAN REALTY TRUST CWN 5,000 JOURNAL FROM TYPE 2701 JOURNAL FROM TYPE 2 TO ~ oaitoi02™ JOURNAL FIVE STAR QUALITY CARE INC JOURNAL FROM TYPE 2TO1 JOURNAL FROM TYPE 2 TO 1 “GLIMCHER REALTY TRUST JOURNAL FROM TYPE 2 TO 1 -2,000 04/10) JOURNAL HABT PROBERTIES” 027 04/27102;12:01 001 vss7 EFTA00200709

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metatech Canter North STEARNS New York. New York 10179 a 7 of6 JEFFREY EPSTEIN STATEMENT PERIOD March 29, 2002 THROUGH April 26, 2002 accout nuvecr TAXPAYER NUMBER On File INVESTMENT ACTIVITY (continued) LAST STATEMENT — March 28, 2002 Transaction Detail (continued) SETTLEMENT = TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLCUSIP QUANTITY PRICE DEBIT AMOUNT CREDIT AMOUNT 04/10/02 JOURNAL HOSPITALITY PROPERTIES TRUST HPT -2,000 i] JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 2 TO 1 JOURNAL FROM TYPE 2 TO 1 TRUST-MD SBI JOURNAL FROM TYPE 2 TO 1 oaiio02 JOURNAL SIRIUS SATELLITE BABIO INC Siai "7,000 JOURNAL FROM TYPE 2 TO 1 TOTAL DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE ($) CERIT AMOUNT CAEDIT AMOUNT 04/15/02 GLENBOROUGH REALTY TRUST INC GLB 2,000 0.4300 860.00 01/02 REC 03/29/02 PAY 04/15/02 TRUST-MD SBI REC 03/31/02 PAY 04/16/02 O4/S3 02" CENTER TR INC” fea’ 26007" "6.6600 12000 REC 03/29/02 PAY 04/22/02 04/22/02” KRAMONT REALTY TRUST KAT 2.000 0.3250 650.00 REC 03/29/02 PAY 04/20/02 TOTAL $7,631.60 027 04/27102;12:01 001 VS67 EFTA00200710

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS 8 of6 New York, New York 10179 Transaction Detail (continued) INTEREST DATE DESCRIPTION SYMBOLIGUSIP QUANTITY RATE (Sb DEBIT AMOUNT 2.5000 1,298.34 04/22/02 FROM 03/21 THRU 04/20 @21 BAL 6,861- AVBAL 719,080 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD March 29, 2002 THROUGH April 26, 2002 accoust numecr [S TAXPAYER NUMBER On File LAST STATEMENT March 28, 2002 CREDIT AMOUNT 04/22/02” INTEREST ONCREDIT BALANCE 4/2500 41.00 AT 1 16% 03/21 THRU 04/20 TOTAL $-1,298.34 $41.00 MISCELLANEOUS OATE MO'DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT JOURNAL To JOURNAL FROM TYPE 1102 JOURNAL 1,004,600.69 04/10102 JOUANAL JOURNAL FROM TYPE 1102 1,004 600.69 TOTAL $-1,030,688.45 $2.104.600.69 f—™ [stop] =***** Endof Statement™***** \ A 027 04/27102;12:01 001 VS67 EFTA00200711

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS ZICHERMAN, IRA New York, New York 10179 ACCOUNT EXECUTIVE TELEPHONE VISIT OUR WEBSITE What’s In This Statement wow.bearstearns.com Financial Summary Your Portfolio Holdings . Transaction Detail ......sssessesseresseeerees Your M@SSAQES siyssssesssrenesssnesesnevaneseesens our Ww Your Portfolio at a Glance 5,931,653 “978,513 TOTAL VALUE OF SECURITIES THIS PERIOD* NET DEBIT BALANCE NET EQUITY LAST STATEMENT 4,494,480 CHANGE SINCE LAST STATEMENT 458,660 “This perttolio indudes one of more unpriced securties that are not reflected in the Total Value of Securties and the Net Equity This Period There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Please moport any diference or nomroceigt of checks of stocks, indicated as delivered to you, % Client Senices at 800-624-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859. JEFFREY EPSTEIN C/O FINANCIAL TRUST COMPANY ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST THOMAS VI 00802 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD February 23,2002 THROUGH March 28, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT February 22,2002 Market Value of Your Portfolio Cash & Equivalent — $-978.513 $-958.140 Equities $5,931,653 $5,452,620 HM current market value ERB] Last statements market value (1s Short market value This summary is for informational purposes only. It is not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. 027 03/2902;20:33 001 vs55 EFTA00200712

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2 of 6 STATEMENT BACKER IS PRINTED ON THIS PAGE 03/2902;20:33 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200713

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BEAR OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. STEARNS _——- 10179 3 of6 Cash Flow Analysis THIS PERIOD OpeningBalance $-958,140.16 Dividends/Interest 11,454.00 Amount Credited $11,454.00 Dividends/Interest Charged 1,877.05 Miscellaneous -29,949.72 Amount Debited $-31,826.77 Net Cash Activity -20,372.77 Cash Balance Summary OPENING Margin CLOSING -958,140.16 -978,512.93 Net Cash Balance $-958,140.16 $-978,512.93 Income Summary THIS PERIOD YEAR TO DATE Dividends 11,454.00 16,384.00 Margin Int. Paid -1,877.05 -§,218.33 Portfolio Composition SHORT LONG Cash/Cash Equivalent 978,513 Equities 5,931,653 L,_ fL R 027 03/2902;20:33 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD February 23,2002 March 28, 2002 accout nuvecr TAXPAYER NUMBER On File February 22.2002 THROUGH LAST STATEMENT Your Portfolio Allocation Short Cash & Equivalent— 14% — Equities 86% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portioiio. V555 EFTA00200714

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co. Inc. STEARNS _— York New York 10179 4 of6 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED QURRENT DESCRIPTION ‘SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE -978,513 TOTAL CASH & CASH EQUIVALENTS $-978,513 EQUITIES Equities & Options ACCT MARKET ESTIMATED (CURRENT DESCRIPTION ‘SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) ALLIED WASTE INDUSTRIES INC AW MRGN 50,000 13.0000 650,000 NEW CENTER TR INC CTA CASH 2,000 5.2900 10,580 480 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN MRGN 5,000 9.7400 48,700 4,200 42.500 400 732 43.000 3.440 8.0000 37,100 3,846 10.3666 FELCOR LODGING TRUST INC FCH FIVE STAR QUALITY CARE INC FYE MRGN GLENBOROUGH REALTY TRUST INC GLB MRGN GLIMCHER REALTY TRUST-SBI GAT MAGN 027 03/2902;20:33 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD February 23,2002 THROUGH March 28, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT February 22,2002 vs55 EFTA00200715

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Beas, Stearns Securities Corp. Bear, Stearns & Co. inc. One Metratech Center North SY Brockiyn. Mew Yous 11201-3888 STEARNS New York. New York 10179 | Pe JEFFREY EPSTEIN STATEMENT PERIOO February 23,2002 THROUGH March 28, 2002 accoust numecr [S TAXPAYER NUMBER On File Your Portfolio Holdings (continued) Equities & Options (continued) LAST STATEMENT ebruary 22, 2002 ACCT MAARKET ESTIMATED CURRENT DESCRIPTION SYMBOU'CUSIP TYRE QUANTITY PRE VALUE ANNUAL INCOME YELD (%) TOO INC TOO CASH 31,900 29.4900 940,731 Total Equities& Options $5,931,653 $90,422 TOTAL EQUITIES $5,931,653 $90,422 YOUR TOTAL ESTIMATED ANNUAL INCOME $90,422 YOUR PRICED PORTFOLIOHOLDINGS $4,953,140 Transaction Detail DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (8) OEBIT AMOUNT CREDIT AMOUNT 03/12/02 JOHNSON& JOHNSON JNJ 57,800 0.1800 10,404.00 REC 02/19/02 PAY 12/02 REC 03/04/02 PAY 03/15/02 TOTAL $11,454.00 027 03/2902;20:33 001 V555 EFTA00200716

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS 6 of6 New York, New York 10179 Transaction Detail (continued) CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD February 23,2002 THROUGH March 28, 2002 accout nuvecr TAXPAYER NUMBER On File INTEREST LAST STATEMENT — February 22, 2002 DATE DESCRIPTION SYMBOUCUSIF QUANTITY RATE (Se) DEBIT AMOUNT CAEDIT AMOUNT 03/21/02 FROM O/ OTHRU O/ 0@21/2% 2.5000 1,877.05 BAL 976,635 AVBAL 965.338 TOTAL $-1,877.05 MISCELLANEOUS DATE MOvDAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 03/11/02 JOURNAL To 29,949.72 TOTAL $-29,949.72 Your messages Pursuant to SEC Rule 11Ac1-6, Bear, Stearns & Co, Inc will publicly post its quarterly routing statistics at the following web link: http://www, bearstearns ,com/corporate/business/equities/orp ,tm Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At November 30, 2001 and January 31, 2002, the Company's net capital of approximately $2.6 billion and $2.6 billion was approximately 9% and 8% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $604.1 million and $648.0 million by approximately $2.0 billion and $2,0 billion, all respectively, A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site www..bearstearns.com . Alternatively, to request a free printed copy please call -toll free 1-866-299-9331, 027 03/2902;20:33 001 V555 EFTA00200717

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS New York, New York 10179 ACCOUNT EXECUTIVE ZICHERMAN, IRA CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD January 26, 2002 TELEPHONE THROUGH February 22,2002 VISIT OUR WEBSITE — www.bearstearns.com . account xumccr = What’s In This Statement WesallasedeslMlsssell TAXPAYER NUMBER On File Financial Summary 3 JEFFREY EPSTEIN LAST STATEMENT January 25, 2002 Your Portfolio Holdings 4 C/O FINANCIAL TRUST COMPANY Transaction Detail J.itieeemeneeenene 5 ATTN JEANNE BRENAN 6100 RED HOOK QUATER B-3 ST THOMAS VI 00802 Your Portfolio at a Glance Market Value of Your Portfolio TOTAL VALUE OF SECURITIES THIS PERIOD* 5,452,620 Cash & Equivalent 4 oe ie NET DEBIT BALANCE -958,140 4,370,641 CHANGE SINCE LAST STATEMENT 123,839 “This portfolio indudes one or more unpriced securties that are not reflected in the Total Value of Securties and the Net Equity This Period NET EQUITY LAST STATEMENT There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Please report any difference or nomreceipt of checks or stocks, indicated as delivered to you, % Client Senices at 800-624-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3659. $5,452,620 ities Eas “ $5,294,810 HM current market value ERB] Last statements market value (1s Short market value This summary is for informational purposes only. It ts not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. oz? 02/2302;10:07 001 vs27 EFTA00200718

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2 of 6 STATEMENT BACKER IS PRINTED ON THIS PAGE 02/2302;10:07 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200719

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. BEAR STEARNS New York, New York 10179 Cash Flow Analysis THIS PERIOD OpeningBalance $-924.169. 49 Dividends/Interest 3,520.00 seer ne ‘mma Su Dividends/Interest Charged -2,013.78 Miscellaneous -35.476.89 Net Cash Activity -33,970.67 Same day transfers of cash between account types are not included in this section, such transfers, as well as details for all other transactions ts period, appear in Transaction Detail Cash Balance Summary OPENING CLOSING Cash 80.00 0.00 Margin 924,249.49 -958,140.16 Net Cash Balance $-924.169.49 $-958,140.16 Income Summary THIS PERIOD 3,420.00 YEAR TO DATE 4,930.00 Dividends Margin Int. Paid -2,013.78 -3,341.28 Portfolio Composition SHORT LONG Cash/Cash Equivalent 958,140 Equities 5,452,620 a a lr 027 02/2302;10:07 001 3 of6 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD January 26, 2002 February 22,2002 On File January 25, 2002 THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT Your Portfolio Allocation Short Cash & Equivalent— 14% — Equities 86% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portiatio. v827 EFTA00200720

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co. Inc. STEARNS _— York New York 10179 4 of6 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED CURRENT DESCRIPTION ‘SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE -958,140 TOTAL CASH & CASH EQUIVALENTS $-958,140 EQUITIES Equities & Options ACCT MARKET ESTIMATED (CURRENT DESCRIPTION ‘SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) ALLIED WASTE INDUSTRIES INC AW MRGN 50,000 11.3300 566,500 NEW CENTER TR INC CTA CASH 2,000 4.0800 8,160 320 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN MRGN 5,000 8.9500 44,750 4,200 840 41.260. 3.440 8.3374 FELCOR LODGING TRUST INC FCH FIVE STAR QUALITY CARE INC FYE MRGN GLENBOROUGH REALTY TRUST INC GLB MRGN 35,600 3,846 10.8034 GLIMCHER REALTY TRUST-SBI GAT MAGN 027 02/2302;10:07 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD January 26, 2002 THROUGH February 22,2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT January 25, 2002 vs27 EFTA00200721

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. New York, New York 10179 Your Portfolio Holdings (continued) Equities & Options (continued) CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD January 26, 2002 February 22,2002 accoust numecr [S TAXPAYER NUMBER On File January 25, 2002 THROUGH LAST STATEMENT ACCT MAARKET ESTIMATED CURRENT DESCRIPTION SYMBOU'CUSIP TYRE QUANTITY PRE VALUE ANNUAL INCOME YELD (%) TOO INC TOO CASH 31,900 27.9000 890,010 Total Equities& Options $5,452,620 $90,262 TOTAL EQUITIES $5,452,620 $90,262 YOUR TOTAL ESTIMATED ANNUAL INCOME $90,262 YOUR PRICED PORTFOLIOHOLDINGS $4,494.479 Transaction Detail DIVIDENDS DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (8) OEBIT AMOUNT CREDIT AMOUNT 01/31/02 FELCOR LODGING TRUST INC FCH 100.00 CASH DIV ON 2000 SHS REC 12/31/01 PAY 01/31/02 AMOUNT INCLUDED ON 2001-1099 See eee ee vise sai ners mm SBI 02/22/02 Hi ROPERTIES TR-SBI REC 01/18/02 PAY 02/22/02 HRP 10,000 0.2000 2,000.00 $3,520.00 02/2302;10:07 001 v827 EFTA00200722

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. inc. One Metratech Center North SY Brockiyn. Mew Yous 11201-3888 STEARNS New York. New York 10179 | Pe JEFFREY EPSTEIN 6 of6 STATEMENT PERIOD January 26, 2002 THROUGH February 22,2002 Transaction Detail (continued) account numccr TAXPAYER NUMBER On File INTEREST LAST STATEMENT January 25, 2002 DATE DESCRIPTION SYMBOUUSIF QUANTITY RATE (5) DEBIT AMOUNT CREDIT AMOUNT 02/21/02 FROM 01/21 THRU 02/20 @2 1/2% 2.5000 2,013.78 BAL 958,126 AVBAL 935.435 TOTAL $-2,013.78 MISCELLANEOUS DATE MO’DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 02/11/02 JOURNAL TO 35,476.89 TOTAL $-70.873.78 $35,396.89 /—™. (stop) ****** End of Statement****** / 027 02/2302;10:07 001 v827 EFTA00200723

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OFFICE SERVICING YOUR ACCOUNT BEAR STEARNS ACCOUNT EXECUTIVE —ZICHERMAN, IRA TELEPHONE VISIT OUR WEBSITE wew.bearstearns.com What’s In This Statement Financial Summary Your Portfolio Holdings . Transaction Detail ......s.sessesseresseesrees Your M@SSAQES ..,..sesssseseescesssseeeesseeesene NO fF © Your Portfolio at a Glance TOTAL VALUE OF SECURITIES THIS PERIOD* 5.294.810 NET DEBIT BALANCE -924,169 NET EQUITY LAST STATEMENT 3,759,682 CHANGE SINCE LAST STATEMENT 610,959 “This perttolio indudes one or more unpriced sccurties that are not rofected in the Total Value of Securties and the Net Equity This Period There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. Please report any difference or nomreceipt of checks or stocks, indicated as delivered to you, % Client Senices at 800-624-1428; or write to Clont Services at Bear, Steams Securities Corp., One Metrotech Center North, Brooklyn, N.Y. 11201-3859, Bear. Stearns & Co- inc. New York, New York 10179 JEFFREY EPSTEIN 358 EL BRILLO WAY PALM BEACH FL 33480-4730 Market Value of Your Portfolio Cash & Equivalent +4 $-924,169 $-895,708 Equities $5,294,810 $4,655,390 HM current market value ERB] Last statements market value ([) Short market value This summary is for informational purposes only. It is not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important information. oz? 01/26102;08:54 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOO January 1, 2002 THROUGH January 25, 2002 accor nuvecr TAXPAYER NUMBER On File LAST STATEMENT December 31,2001 vs20 EFTA00200724

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2 of? STATEMENT BACKER IS PRINTED ON THIS PAGE 01/26/02;08:54 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN EFTA00200725

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BEAR STEARNS 3 of? OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. New York, New York 10179 Cash Flow Analysis THIS PERIOD Balance Openi: Dividends/Interest Amount Credited Miscellaneous Amount Debited Net Cash Activity Dividends/Interest Charged $-895,708.49 7,591.60 $7,591.60 -1,327.50 -34,725.10 $-36,052.60 -28.461.00 Cash Balance Summary Cash Margin CLOSING 0.00 80.00 -895,708.49 -924,249.49 Net Cash Balance $-895,708.49 -924.169.49 Income Summary THIS PERIOD 1,510.00 YEAR TO DATE 1,510.00 Dividends Margin Int. Paid -1,327.50 -1,327.50 Portfolio Composition SHORT LONG Cash/Cash Equivalent 924,169 Equities 5,294,810 Tota neereereesssernernerneeeee SOE HOO $5,204,810 027 01/26°02,06:54 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD January 1, 2002 January 25, 2002 On File December 31,2001 THROUGH ACCOUNT NUMBER TAXPAYER NUMBER LAST STATEMENT Your Portfolio Allocation Short Cash & Equivalent— 14% — Equities 86% Unshaded portions denote debt balance andicr short market values, The allocation percentage is derived from the absohte market value of your portioiio. vs20 EFTA00200726

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OFFICE SERVICING YOUR ACCOUNT BEAR Bear. Stearns & Co. Inc. STEARNS _— York New York 10179 47 Your Portfolio Holdings CASH & CASH EQUIVALENTS NAARKET ESTIMATED QURRENT DESCRIPTION ‘SYMBOUCUSIP QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) CASH BALANCE -924.169 TOTAL CASH & CASH EQUIVALENTS $-924,169 EQUITIES Equities & Options ACCT MARKET ESTIMATED (CURRENT DESCRIPTION ‘SYMBOUCUSIP TYPE QUANTITY PRICE VALUE ANNUAL INCOME YELD (%) ALLIED WASTE INDUSTRIES INC AW MRGN 50,000 11.6000 580,000 NEW CENTER TR INC CTA CASH 2,000 4.1600 8,320 320 CANHORN CHEMICAL CORP CNCPF CASH 19 Unpriced CROWN AMERICAN REALTY TRUST CWN MRGN 5,000 8.0400 40,200 4,200 805 40.300» 3.440 8.5360 FELCOR LODGING TRUST INC FCH FIVE STAR QUALITY CARE INC FYE MRGN GLENBOROUGH REALTY TRUST INC GLB MRGN 35,180 3,846 10.9323 GLIMCHER REALTY TRUST-SBI GAT MAGN 027 01/26/02;08:54 001 CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 JEFFREY EPSTEIN STATEMENT PERIOD January 1, 2002 THROUGH January 25, 2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT December 31,2001 vs20 EFTA00200727

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OFFICE SERVICING YOUR ACCOUNT Bear. Stearns & Co- inc. New York, New York 10179 Your Portfolio Holdings (continued) Equities & Options (continued) CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-2859 JEFFREY EPSTEIN STATEMENT PERIOD January 1, 2002 January 25, 2002 accoust numecr [S TAXPAYER NUMBER On File THROUGH LAST STATEMENT December 31,2001 ACCT MAARKET ESTIMATED CURRENT DESCRIPTION SYMBOU'CUSIP TYRE QUANTITY PRE VALUE ANNUAL INCOME YELD (%) TOO INC TOO CASH 31,900 26.1500 834,185 Total Equities& Options $5,294,810 $90,262 TOTAL EQUITIES $5,294,810 $90,262 YOUR TOTAL ESTIMATED ANNUAL INCOME $90,262 YOUR PRICED PORTFOLIOHOLDINGS $4,370,640 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREDIT AMOUNT 01/07/02 01/02/02 BOUGHT FIVE STAR QUALITY CARE INC FYE 100 SPINOFF ON 10000 SHS HRPT PROPERTIES TR-SBI SPIN-OFF F/R H004421 REC 12/17/01 PAY 12/31 arr nnn nna nnn nnn mn 0015 TOTAL 01/2602;06:54 001 EFTA00200728

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. Bear, Stearns & Co. Inc. One Metatech Canter North STEARNS New York. New York 10179 a JEFFREY EPSTEIN 6 of? STATEMENT PERIOD January 1, 2002 THROUGH January 25, 2002 Transaction Detail (continued) accouvt xumccr | TAXPAYER NUMBER On File DIVIDENDS LAST STATEMENT — December 31, 2001 DATE DESCRIPTION SYMBOUCUSIP QUANTITY RATE (8) CEBIT AMOUNT (CREDIT AMOUNT 01/15/02 GLENBOROUGH REALTY TRUST INC GLB 2,000 0.4300 860.00 REC 01/01/02 PAY 01/15/02 01/15/02 GLIMCHER REALTY TRUST-SBI CASH DIV ON 2000 SHS REC 12/31/01 PAY 01/15/02 AMOUNT INCLUDED ON 2001-1099 TRUST-MD SBI CASH DIV ON 12000 SHS REC 12/31/01 PAY 01/15/02 AMOUNT INCLUDED ON 2001-1099 OT BZIOS RAAONT REALTY AUST KAT 000 "G.3256 REC 01/04/02 PAY 01/19/02 01/22/02 CENTER TR INC CTA 80.00 CASH DIV ON 2000 SHS REC 12/31/01 PAY 01/21/02 AMOUNT INCLUDED ON 2001-1099 TOTAL $7,591.60 INTEREST DATE CESCRIPTION SYMBOUCUSIP QUANTITY RATE (Sp CEBIT AMOUNT CREDIT AMOUNT 01/22/02 FROM 12/31 THRU 01/20 @21 2.5000 1,327.50 BAL 923,571 AVBAL 910.283 TOTAL $-1.327.50 027 01/26°02,06:54 001 vs20 EFTA00200729

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CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. Bear, Stearns & Co. inc. ne Metrotech Center North SY Brockiyn. Mew Yous 11201-3888 STEARNS New York. New York 10179 | Pe JEFFREY EPSTEIN 7 of? STATEMENT PERIOO January 1, 2002 THROUGH January 25, 2002 Transaction Detail (continued) we TAXPAYER NUMBER On File MISCELLANEOUS LAST STATEMENT December 31, 2001 DATE MO'DAY TRANSACTION DESCRIPTION DEBIT AMOUNT CREDIT AMOUNT 01/11/02 JOURNAL To 34,725.10 TOTAL $-34,725.10 Your messages ‘i The interest, if any, charged to your account during December 2001 was computed on the net debit balance through December 30, The interest, if any, charged to your account during January 2002 is computed from December 31, 2001, ( TO! *eeee* End of Statement™***** 027 01/2602;08:54 001 vs20 EFTA00200730