London Flash P&L

We will from Monday the 18th be providing a flash P&L to Houston on a t+1
basis. This will be sent by 12.30 London time to the Global consolidation
team. Initially we will aim to produce a total book by book P&L number with
brief commentary as necessary depending on the daily move. As system and
process changes and improvements allow we will work towards providing
positions, VAR, P&L decomposition etc.

If there are any questions or if this is not acceptable then please can get
back to me.

Regards James