EFTA00201158

OFFICE SERVICING YOUR ACCOUNT
Bear,Stearns International LTD
Regulated by the Security &
Futures Authority
1 Canada Square
London E14 5AD England
0207 516 6614

| | |

| :--- | :--- |

| ACCOUNT EXECUTIVE | ZICHERMAN, IRA |

| TELEPHONE | |

| VISIT OUR WEBSITE | www.bearstearns.com |

## What’s In This Statement

Financial Summary 3

Your Portfolio Holdings ... 3

Transaction Detail 4





<table border="1"><tr><td>JEFFREY EPSTEIN</td></tr><tr><td>C/O FINANCIAL TRUST COMPANY</td></tr><tr><td>ATTN JEANNE BRENAN</td></tr><tr><td>6100 RED HOOK QUARTER B-3</td></tr><tr><td>ST THOMAS VI 00802</td></tr></table>

JEFFREY EPSTEIN

STATEMENT PERIOD February 23, 2002

THROUGH March 28, 2002

| LAST STATEMENT | February 22, 2002 |

| :--- | :--- |

There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account.

## Your Portfolio at a Glance

<table border="1"><tr><td>NET CREDIT BALANCE</td><td>10,297,117</td></tr><tr><td>NET EQUITY THIS PERIOD</td><td>$10,297,117</td></tr><tr><td>NET EQUITY LAST STATEMENT</td><td>10,283,192</td></tr><tr><td>CHANGE SINCE LAST STATEMENT</td><td>13,925</td></tr></table>

Market Value of Your Portfolio

SIPC

This summary is for informational purposes only. It is not intended as a tax document.

This statement should be retained for your records. See reverse side for important information.

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EFTA00201159

JEFFREY EPSTEIN

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STATEMENT BACKER IS PRINTED ON THIS PAGE

EFTA00201160



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear,Stearns International LTD
Regulated by the Security &
Futures Authority
1 Canada Square
London E14 5AD England
0207 516 6614

3 of 4

Cash Flow Analysis

<table border="1"><tr><td></td><td>THIS PERIOD</td></tr><tr><td>OpeningBalance</td><td>$10,283,191.67</td></tr><tr><td>Dividends/Interest</td><td>13,925.15</td></tr><tr><td>Amount Credited</td><td>$13,925.15</td></tr><tr><td>Net Cash Activity</td><td>13,925.15</td></tr><tr><td>ClosingBalance</td><td>$10,297,116.82</td></tr></table>

Cash Balance Summary

<table border="1"><tr><td></td><td>OPENING</td><td>CLOSING</td></tr><tr><td>Cash</td><td>10,283,191.67</td><td>10,297,116.82</td></tr><tr><td>Net Cash Balance</td><td>$10,283,191.67</td><td>$10,297,116.82</td></tr></table>

Income Summary

<table border="1"><tr><td></td><th>THIS PERIOD</th><th>YEAR TO DATE</th></tr><tr><td>Credit Balance Int.</td><td>13,925.15</td><td>47,116.82</td></tr><tr><td>Total</td><td>$13,925.15</td><td>$47,116.82</td></tr></table>

CASH & CASH EQUIVALENTS

Portfolio Composition

<table border="1"><tr><td>Cash/Cash Equivalent</td><td>10,297,117</td></tr><tr><td>Total</td><td>$10,297,117</td></tr></table>

## Your Portfolio Holdings

<table><thead><tr><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>PRICE</th><th>MARKET VALUE</th><th>ESTIMATED ANNUAL INCOME</th><th>CURRENT YIELD (%)</th></tr></thead><tbody><tr><td>CASH BALANCE</td><td></td><td></td><td></td><td>10,297,117</td><td></td><td></td></tr><tr><td>TOTAL CASH &amp; CASH EQUIVALENTS</td><td></td><td></td><td></td><td>$10,297,117</td><td></td><td></td></tr></tbody></table>

JEFFREY EPSTEIN

027

Your Portfolio Allocation



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Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio.

EFTA00201161



BEAR
STEARNS


OFFICE SERVICING YOUR ACCOUNT
Bear,Stearns International LTD
Regulated by the Security &
Futures Authority
1 Canada Square
London E14 5AD England
0207 516 6614

4 of 4

JEFFREY EPSTEIN

STATEMENT PERIOD February 23, 2002

## Your Portfolio Holdings (continued)

THROUGH March 28, 2002

TAXPAYER NUMBER

| LAST STATEMENT | February 22, 2002 |

| :--- | :--- |

$$\$10,297,116$$



INTEREST




Transaction Detail


<table><thead><tr><th>DATE</th><th>DESCRIPTION</th><th>SYMBOL/CUSIP</th><th>QUANTITY</th><th>RATE (%)</th><th>DEBIT AMOUNT</th><th>CREDIT AMOUNT</th></tr></thead><tbody><tr><td>03/20/02</td><td>INTEREST ON CREDIT BALANCE<br>JEPSTEIN CASH COLLAT IN 2002-02-20 TO 2002-03-19</td><td></td><td></td><td></td><td></td><td>13,925.15</td></tr><tr><td colspan="6">TOTAL</td><td>$13,925.15</td></tr></tbody></table>





******* End of Statement*******


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