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EBITDA, Adjusted EBITDA and Adjusted EBITDAR have limitations as analytical tools, and you should
document IMAGES-007-HOUSE_OVERSIGHT_024449.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…arative measure; and @ they do not comply with the requirements of Item 10(e) of Regulation S-K or Regulation G of the Securities and Exchange Commission (“SEC"). Because of these limitations, EBITDA, Adjusted EBITDA and Adjusted EBITDAR should not be considered as measures of...

Reference portfolio
document IMAGES-007-HOUSE_OVERSIGHT_024140.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Reference portfolio Tactical asset allocation deviations from benchmark* Currency allocation underweight neutral overweight underweight neutral overweight a a a a a a aT Cash USD 7 | Equities total EUR — ae | UT”t”t~(‘(<(Cséi<‘i;*;é‘CSé@Y!COC;*d?#SC*CO*éirCSCS”~*dY US GBP Eur...

regulated by the Dubai Financial Services Authority (the DFSA)
document The information in Morgan Stanley Research is being communicated by Morgan Stanley & Co. International plc (DIFC Branch) House Oversight Committee — Epstein Estate Records (Nov 2025)

regulated by the Dubai Financial Services Authority (the DFSA)

regulated by the Qatar Financial Centre Regulatory Authority
document The information in Morgan Stanley Research is being communicated by Morgan Stanley & Co. International plc (QFC Branch) House Oversight Committee — Epstein Estate Records (Nov 2025)

regulated by the Qatar Financial Centre Regulatory Authority

regulated by the Capital Market Authority
document Merrill Lynch Kingdom of Saudi Arabia Company House Oversight Committee — Epstein Estate Records (Nov 2025)

regulated by the Capital Market Authority.