<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=us-ascii"><meta name=Generator content="Microsoft Word 14 (filtered medium)"><style><!--
/* Font Definitions */
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0cm;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri","sans-serif";
mso-fareast-language:EN-US;}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:blue;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:purple;
text-decoration:underline;}
span.EmailStyle17
{mso-style-type:personal-compose;
font-family:"Calibri","sans-serif";
color:windowtext;}
.MsoChpDefault
{mso-style-type:export-only;
mso-fareast-language:EN-US;}
@page WordSection1
{size:612.0pt 792.0pt;
margin:3.0cm 2.0cm 3.0cm 2.0cm;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]--></head><body lang=EN-GB link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:10.5pt;color:black'>Dear all, <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;color:black'>Many of you were eager to discuss the memo from Sidley on our CWG call today. To reaffirm what I said on the call, we will have a full discussion of this memo during the high-intensity meetings on Monday and Tuesday next week. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;color:black'>As part of preparation for the group and for the legal counsel, we’ve asked that you provide written questions and comments on list. While these two phases (preparation, then discussion) seem to draw out the conversation, we believe it actually makes for a more productive discussion for all parties. Having written questions in advance allows for the group to read and digest the information, and for the legal counsel to prepare their briefing to the group. We used this approach for the Istanbul meeting and found that the preparation played an key part in the success of the discussion. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;color:black'>Once more I would like to encourage you to send your questions and comments to the list by 13:00 UTC on Thursday so that they may be compiled and presented to the Client Committee for their call. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;color:black'>Best regards, <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;color:black'>Lise <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;color:black'><o:p> </o:p></span></p></div></body></html>