Subject: Follow ups
From: "Seb Momtazi" <[email-masked]>
To: "Michael Leonard" <[email-masked]>, "Devon Archer" <[email-masked]>, "James Bulger" <[email-masked]>, "Andrew Godfrey" <[email-masked]>, <[email-masked]>
Date: Mon, 21 Dec 2015 13:37:16 -0500

Team,

Attached are the proposed follow up materials to be sent after the call.

It's perhaps best to speak about the valuation considerations of the JJR
capital investment over the phone. Similarly, we can point out that actual
inflows into BAM were 75.4MM through december (although AUM is higher than
what we last sent, it's not as high as 75.4mm because of the market
performance)

Please let me know comments. Mike, I attach in word so you can make direct
edits

thanks,

se