From: Stackman, Scott [i Sent: 2/9/2015 4:51:41 PM To: G Maxwell [GMax1 G3); Ghislaine x |; Casric!, Lyle |; Gutierrez, Matthew TTT |; Klein, Matthew (Matthew.kiein @QE); Ramdeen, Vij2i TT! ; Shkreli, Julian2 a Waldron, Chelsey Devon | [i | Subject: RE: Sale completed. Scott L. Stackman Managing Director - Investments Private Wealth Advisor UBS Private Wealth Management 299 Park Avenue 25th Floor New York, NY. 10171 + From: G Maxwell [mailto Sent: Monday, February 09, 2015 11:35 AM To: Stackman, Scott; Ghislaine; Casriel, Lyle; Gutierrez, Matthew; Klein, Matthew; Ramdeen, Vijai; Shkreli, Juliana; Waldron, Chelsey Devon Subject: Re: advised that this e-mail is not an official transaction confirmation. The official confirmation of this transaction will be sent to you via regular mail. Please sell Roche. | will look at Crane and come back to you Thank you G THE TERRAMAR PROJECT FACEBOOK TWITTER G+ PINTEREST INSTAGRAM PLEDGE THE DAILY CATCH From: Scott Stackman Date: Monday, February 9, 2015 at 10:36 AM To: gmax, “lyle.casriel|@ EE", “matthew.gutierrez OR", " I ", Subject: <no subject> Ghislaine CONFIDENTIAL UBSTERRAMAR0O0000827 EFTA00236510

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Currently you own 1400 shares of Roche Holdings RHHBY. You purchased the shares at 28.13 and they are currently at 33.10. We have removed them from our buy list and we would like to replace them with the below, Thank you ° We are adding Crane Co. (CR) to the Dividend Ruler stock list. Crane is a diversified manufacturer of engineered industrial products. Its two largest business segments are Fluid Handling and Aerospace & Electronics representing 70% of sales. Crane has increased its dividend per share at an annualized rate of 12.6% over the past ten years. . We are removing Roche Holding (RHHBY). Dividend per share growth over the next few years appears increasingly likely to fall below our list's minimum 4% threshold. Scott L. Stackman Managing Director - Investments Private Wealth Advisor UBS Private Wealth Management 299 Park Avenue 25th Floor New York, NY, 10171 T hi ‘a a ee Please be advised that this e-mail is not an official transaction confirmation, The official confirmation of this transaction will be sent to you via regular mail, CONFIDENTIAL UBSTERRAMARO0000828 EFTA00236511