EFTA00710060.pdf

From: David Stern To: Jeffrey Epstein <jeevacation@gmail.com> Subject: Fwd: Iron ore Date: Sat, 11 Feb 2012 18:35:11 +0000 Is this for us? Harbinger fund in distress and TCI gave them loan. TCI made loan condition for Harbinger selling 22% of top brazilian iron ore asset. (www.ferrous.com.br) I have this through owner of TCI - direct and off-market access, needs to be done quietly and confidentially within 40 days. See below. We can sell on to Chinese or others. Please let me know. 155 m shares (22pc of the company). 2 dollars per share is the floor price. Seller is committed to have to accept bids at this level in the next 45 days. To get to control there is another 4pc from the same seller. TPG-Axon is also a seller with 10pc. The rest of the shareholder base is fragmented and individual negotiations necessary but control easy to achieve. Cost of majority probably around 600-700 m dollars. Company has $250 m of cash in it. Begin forwarded message: From: "Chris Cooper-Hohn" < Subject: Re: Iron ore Date: 11 February 2012 17:26:19 GMT To: <1 fr" Ok This one is real Chris Cooper-Hohn Partner The Children's Investment Fund Management (UK) LLP Address: 7 Clifford St I London I W1S 2FT EFTA00710060 DDI: +44 20 7440 2332 Mobile: Fax: +44 20 7440 2333 Email: Original Message From: David Stem [mailto Sent: Saturday, February 11, 2012 05:25 PM To: Chris Cooper-Hohn Subject: Re: Iron ore On the case. Can we speak Monday when I expect more feedback from my team in Beijing? These ones have/had contact with the co: A. Visit Hebei Steel Group B. Sales MOU with 1.Jiangsu Shagang Group 2.Beijing Shougang Stell Group, 3 Yunnan Kungang International Trade CO. On 11 Feb 2012, at 17:06, Chris Cooper-Hohn wrote: Email me if you want to talk on this Chris Cooper-Hohn Partner The Children's Investment Fund Management (UK) LLP Address: 7 Clifford St I London I W1S 2FT DDI: +44 20 7440 2332 Mobile: Fax: +44 20 7440 2333 Email: EFTA00710061 The Children's Investment Fund Management (UK) LLP ("TCI") is a limited liability partnership incorporated and existing under the laws of England and Wales. TCI is registered with Companies House with registered number OC304797 and is authorised and regulated by the Financial Services Authority with registered number 226074. This communication contains confidential information and is intended only for the named addressee. If you are not the named addressee or if this communication has been addressed or sent to you in error, you should not disseminate, distribute, alter or copy this communication or any part of it. Please notify the sender immediately if you have received this communication by mistake and delete this communication from your physical and electronic records. This communication is not a solicitation or offer to buy or sell any securities or related financial instruments in any jurisdiction. In any event, this communication is provided for informational purposes only and neither it, any attachment to it, nor any part of their contents should be relied upon by any person for any purpose including, without limitation, for the purpose of making any investment decision. TCI has taken every reasonable precaution to ensure that any attachment to this communication has been swept for viruses. However, TCI cannot accept liability for any damage sustained as a result of software viruses. You must carry out your own virus checks before opening any attachment. TCI reserves the right to monitor and record all communications. By responding to this or any other communication (whether oral or written) from or on behalf of TCI, you are deemed to have consented to such monitoring and recording. EFTA00710062