List of Select Additional Articles with Kazarian Foundation and Affiliate Content

S/N TITLE SOURCE DATE 1 PKazarian: budget should not have been approved Expresso.pt 12/8/18 2 eyeing opportunities in Ekathimerini 12/7/18 3 Does the state use the 90 billion euros it spends annually well or ill? Expresso 12/7/18 4 Kazarian (Japonica) at BN: Yellow card in Greek Money, high spreads on bonds Bankingnews.gr 12/7/18 5 The best for Greece comes if it shows fiscal discipline CNN Greece 12/6/18 6 Greek state companies urged to improve to woo investors Xinhuanet.com 12/5/18 7 P. Kazarian: We are eyeing new investment in Greece Capital TV (Youtube video) 12/5/18 8 The Greek Economy Conference of the American Hellenic Chamber of Commerce The National Herald 12/5/18 focuses on the future of Greece 9 Benefit policy is short-sighted, it undermines market exit Ethnos/Mononews.gr 12/4/18 10 Japonica Partners says Greece has accomplished an A+ performance MFA Greece website 10/31/18 11 The Digital Accountancy Forum and Awards 2018 IAB 10/4/18 12 Greece prepares to fly Solo Reuters 7/18/18 13 Exclusive Interview with Paul Kazarian: "Greece has made tremendous progress" Mononews.gr 1/8/18 14 Japonica Partners a ghost company with a Chinese analyst and with 110M euros Greek Bankingnews.gr 1/5/18 bonds 15 Nobody knows how much the state is worth Expresso Journal 12/15/17 16 BBC Interview with Ed Butler BBC 12/12/17 17 Report of Ernst & Young It reveals that Greece surpasses countries like Germany and EFSYN.gr 12/11/17 France, the transparency indicators in the management of public finances 18 P.Kazarian: your debt was calculated with an outdated German system Capital.gr 12/11/17 19 US investor opens office in Lisbon, seeks to snap up assets Reuters 12/11/17 20 Greece debt calculated with an outdated German system Capital TV (Youtube video) 12/10/17 21 Greece's largest lender hopes to end its emergency financial aid next year CNBC 12/6/17 22 Good economic capture data Kathimerini.gr 12/5/17 23 Kazarian (Japonica): From the Greek Statistics on top of the Euro2day.gr 12/4/17 24 American Hellenic Chamber of Commerce Conference on Greek Economy kicks off in GreekReporter 12/4/17 Athens 25 How the Greeks and the EU forgot to argue about debt relief and learned to cooperate RiskyFinance 11/17/17 26 The Investor who bet on Greece to launch sovereign risk initiative at Columbia GreekReporter 11/15/17 27 Joint initiative launched to find ways to analyse 'sovereign risk' PFI 11/10/17 28 Kazarian Foundation and Collaborate on Public Financial The Accountant 11/3/17 Management 29 Kazarian Foundation and CBS collaborate on New Sovereign Risk Initiative PR Newswire 11/1/17 30 Paul Kazarian - PMI Congress 2017 PMI Congress 10/31/17 31 Lessons from New Zealand on fiscal discipline FT 10/11/17 32 Beyond Austerity: Reforming the Greek Economy MIT Press Book 10/6/17 33 Comment: Greek Steps Forward The Accountant 8/9/17 34 A "Crusader" for Greek debt Fortune Greece 7/24/17 35 I was right about the debt YanisVaroufakis.eu 7/20/17 36 Varoufakis and the 2015 Debt Talks Kathimerini 7/18/17 37 Paul Kazarian interview: Greece can even do a 10 year bond offering this July Efimerida 7/10/17 38 Political fiction is the height of the Greek debt Avgi.gr 7/10/17 39 The big debt hypocrisy KTH 7/9/17 40 Jacob's article "Greece has made leaps and bounds in public management. Oikonomia 7/9/17 Paul's article "The Greek debt is only 75% of GDP" 41 Presentation of the Greek version of the book by Professor Jacob Soll Alpha TV 7/8/17 42 Japonica: Greece won debt relief of 14bn NAFTEMPORIKI 6/16/17 43 Japonica congratulates Greece on winning €14B in debt relief PR Newswire 6/15/17 44 PBK Interview: Athens had already received 184 billion Die Welt 6/10/17 45 PBK's interview: "The Size of the Greek Debt turned out to be the biggest lie of the Real News 6/3/17 century” 46 Kazarian Greek debt calculated wrong, it is much smaller Capital.gr 6/1/17 47 Only Paul Kazarian believes the Greek debt is manageable To Xrima 6/1/17 48 Clarity on Greece debt still not clear GreekReporter 6/1/17 49 Thanks to Greece: Paul Kazarian lent Greece 3 billion euros. Now he is asking to Suddeutsche Zeitung 5/31/17 recalculate the debt 50 Glimpse into Europe's Financial Landscape: Paul Kazarian (speaker) Hazlis Economist 5/31/17 51 Greece: A comeback to the Financial Markets The Economist 5/31/17 52 ISCTE Business School and Kazarian Foundation start public financial management ISCTE Business School 4/7/17 initiative in Lisboa, Portugal 53 Cyprus looks to shed junk rating with economic rebound story Bloomberg Quint 4/5/17 54 Kazarian: the debt of Greece is much smaller - it's only 132b Iefimerida.gr 2/25/17 55 Kazarian: the debt of Greece is less Kathimerini 2/24/17 56 Another theory for the Greek debt TaNea.gr 2/24/17

Page 1 of 6 List of Select Additional Articles with Kazarian Foundation and Affiliate Content

S/N TITLE SOURCE DATE 57 Japonica's Kazarian says Politics drives Greek Crisis Bloomberg Videos 2/15/17 58 Greece: a lethal cocktail of Christmas bonuses and poor management Ekathimerini 1/9/17 59 Kazarian: replace dinosaurs political government advisors Reporter.gr 1/9/17 60 Paul Kazarian strikes Tsipras through Avgi Zougla.gr 12/24/16 61 Greece 's debt tragedy resurfaces new deadline Globe and Mail 12/13/16 62 Paul Kazarian: Greece's largest private debt owner says Greece is A+ GreekReporter 12/7/16 63 Kazarian: a fourth memorandum will cause great pain for the country Kathimerini 12/5/16 64 US Investor says Greek Debt far below reports, says Statistics Lie National Herald 12/4/16 65 US Investor calls Greek debt the lie of the century Protothema 12/3/16 66 US Investor calls Greek debt the lie of the century Efimerida 12/3/16 67 Kazarian: height of the Greek debt is the lie of the century Euro2day.gr 12/3/16 68 Kazarian again strives over Greek debt, claims it's 60% lower than calculated NAFTEMPORIKI 12/3/16 69 Greece isn't crying wolf on debt relief Bloomberg 11/29/16 70 Paul Kazarian: You change the management change all Bankingnews.gr 11/28/16 71 TA&IAB 2016 Conference Panel: Paul Kazarian Strengthening Democracy through The Accountant 11/22/16 Government Financial Management 72 Paul Kazarian Granted Special Editors Award The Accountant 10/6/16 73 Interview with Paul Kazarian on Greece Debt Comparative Advantage Naftemporiki 10/3/16 74 Greece has a debt advantage that must be communicated effectively Imerisia.gr (from Stacy D. on 9/25/16 9/25/16 attached in PDF) *pg 5 of Newspaper 75 *little blurb translation by Stacy D: To Vima (Print edition) 9/21/16 Opportunity Paul Kazarian, the largest holder of Greek government debt, didn’t lose the *Alerted via email by Stacy opportunity to use the meetings that took place in Athens with the Southern countries last Dimakakos on 9/21/16 (She Friday to try once again to pass his message – that using the right accounting methods attached in PDF) the debt is only 41% or 58% of GDP. He calculates that Greece will save 10 billion EUR from 2016 to 2020 from the lower cost of servicing. 76 Indeed the country's net debt is only €72B KTH 9/11/16 77 Low-yield market spurs investors rethink on Greek bonds Reuters 7/28/16 78 When technocrats talk and politicians are silent The Policy 5/24/16 79 What if Greece got massive debt relief but no one admitted? Part 1 FTAlphaville 5/13/16 80 Paul Kazarian on Greek debt Bloomberg Surveillance 2/15/16 81 Hard copy in PDF only emailed by DT Demokratia 2/14/16 82 Kazarian-Japonica puts advertisement for 200,000 jobs in Greece Mononews.gr 1/22/16 83 Japonica began the search for an Executive Turnaround Manager Euro2day.gr 1/20/16 84 Japonica is searching for an executive turnaround manager for Greece ProtoThema.gr 1/20/16 85 Japonica searches for executive turnaround manager for Greece Newmoney.gr 1/20/16 86 How to Turnaround a Country Kathimerini 1/17/16 87 Japonica's Kazarian strikes back on Greece's debt mire The Accountant 1/15/16 88 American activist seeks companies physician for Greece Het Financieele Dagblad 1/14/16 89 Power 50 Feature The Accountant 1/1/16 90 How debt can be reduced by 290 Billion To Vima 12/20/15 91 Armenian Visitor Helioskiosk - NEA 12/19/15 92 KAZARIAN Interview 1st pg interview - interview pg.6 NAFTEMPORIKI 12/19/15 93 High borrowing costs are a thorn for Greece Kathimerini 12/18/15 94 American Hellenic Chamber of Commerce and Japonica Partners present Inaugural Bloomberg 12/14/15 Pericles Leadership Award to George Serafeim 95 Top bond returns for bailed out Greece Reuters 12/10/15 96 Foreign Investors tiptoe through minefield of Greek banking system NYT 12/10/15 97 Japonica Partners: Greece needs good managers Capital.gr 12/6/15 98 Shortage of trust threatens Greece's comeback Reuters 12/6/15 99 Paul Kazarian Interview: What is Needed is Competent Managers Kathimerini 12/6/15 100 Greece can recover with proper management Imerisia.gr 12/6/15 101 Paul Kazarian Interview on Star Evening News Star Evening News 12/5/15 102 Myths and Truths about the Greek debt ZOUGLA.GR 12/4/15 103 The present value of the Greek debt is 22% Capital.gr 12/4/15 104 P.Kazarian: The debt is not the problem, but the management SBC TV 12/4/15 105 Kazarian: Greece has 5 opportunities to create 50 billion in value by 2017 Xrimatistirio 12/1/15 106 Paul B. Kazarian - Japonica/PMI Congeress 2015 PMI Congress 11/16/15 107 Japonica: The Advantage of the Greek Debt NAFTEMPORIKI 11/5/15 108 Greece's New Agreement with Europe: Is this Time Different? Intereconomics 10/1/15 109 Suggestions outside the MOF NAFTEMPORIKI 9/16/15 110 Paul Kazarian of Japonica Partners supports a 5-Star Finance Minister for Greece Newmoney.gr 9/15/15 111 The Investor and the 5-Star Economic Minister Kathimerini 9/15/15 112 Armenian tycoon buys mania after Greek debt PRONEWS 8/15/15

Page 2 of 6 List of Select Additional Articles with Kazarian Foundation and Affiliate Content

S/N TITLE SOURCE DATE 113 Greece's debt measurement still unresolved despite bailout approval by national The Accountant 8/14/15 Parliament 114 The Greek bailout drama: Is this time different? Brookings 7/27/15 115 Seeking out the model for the debt to become sustainable To Vima 7/26/15 (PDF copies) 116 The eternal Greece of the financial engineer's mind Nick Dunbar Blog 7/13/15 117 Debt Sustainability puzzles: Implications for Greece Vox CEPR's Policy Portal 7/12/15 118 Exit, Voice and Loyalty - Government Finances Truth in Accounting 7/8/15 119 Greece needs to come clean on debt levels, says bond investor Public Finance International 7/7/15 120 US Business Leaders Criticize European Approach Handelsblatt 7/7/15 121 Panic sets in among hardy investors remaining in Greece NYTimes 6/28/15 122 There is a brilliant solution to reduce debt Naftemporiki 6/16/15 Hard copy print in Greek language 123 Greece's Debt Sustainable? HBS Case Study 6/16/15 (PDF copy)

124 How the Greek public debt can appear much lower than 60% Capital.gr 6/6/15 125 Japonica supports Greece on decision to implement IPSAS Bloomberg 5/27/15 126 Greece Mardas/IPSAS Statement and Japonica efforts [PENDING link as only PDF of Newmoney.gr 5/24/15 article emailed] 127 These Investors are getting killed in Greece CNN Money 5/22/15 128 Paul Kazarian - War Chreos - Ghost- Change the Accounting Standards Epikaira.gr 5/20/15 129 Crisis in Greece still threatens the Eurozone Euromoney 5/15/15 130 The European Problem we aren't talking about: where are the accountants? Politico.com 5/1/15 131 Interview: Paul Kazarain on Government Accounting in Greece ifo Institut 4/28/15 132 Japonica Partners urges Greek stakeholders to ask ministers: "the right five questions" ProtoThema 4/16/15 133 IPSAS-And the Real Economic Burden of Greek Sovereign Debt Business Partners 4/1/15 134 The Armenian Magician Who Makes Greek Debt Disappear BusinessInsider 3/29/15 (hardcopy version) 135 Greek Bondhold Japonica Keeps Faith as Morgan Stanley Wavers BloombergBusiness 3/17/15 136 Greek Government is Right: The Debt is a swindle Executive Intelligence Review 2/27/15 137 Ask the Question: Why is discussing the most important reform in Greece totally taboo? Kathimerini 2/15/15 138 Greek bonds could be safer than peers after debt deal - Morgan Stanley Reuters 2/12/15 139 Bondholder Japonica welcomes Syriza, says Greece has no debt problem Reuters 2/5/15 140 Greek stocks higher as Finance Minister exits Germany, empty-handed Barrons 2/5/15 141 Bondholder Japonica welcomes Syriza, says Greece has no debt problem Kathimerini 2/5/15 142 Greece has no debt problem Parlapipas.gr 2/5/15 143 Japonica: Greece has no debt problem, Lies told by previous government, positive vote Bankingnews.gr 2/5/15 for Syriza 144 Japonica: Greece has no debt problem, lies told b previous government, positive vote for Axortagos.gr 2/5/15 Syriza 145 Japonica continues to place its bet on Greek bonds Enikonomia.gr 2/5/15 146 Greek markets buckle WSJ 1/29/15 147 Greece has no debt problem Het Financieele Dagblad 1/28/15 148 Greece payback math at 0% interest Global Econ Trend Blog 1/27/15 149 Is Greek Government debt really 177% of GDP? FT Blog 1/26/15 150 Japonica: The accounting standards IPSAS drastically reduce debt in GDP to 18% of Toxrima.gr 12/23/14 175% 151 How IPSAS make Greek debt second best in eurozone Voria.gr 12/23/14 152 Greece presents a huge competitive advantage Proto Thema.gr 12/17/14 153 Net debt of Greece is 18% of GDP not 175% Imerisia.gr 12/17/14 154 Insists Japonica that Greece net debt is 18% of GDP and not 175% Bankingnews.gr 12/16/14 155 Economic Consequences of Syriza's Alexis Tsipras WSJ 12/14/14 156 Armenian Paul Kazarian gives a whole different perspective on Greek debt ProtoThema 12/4/14 157 The mathematics of japonica for Greek debt Newmoney.gr 12/3/14 158 Truth and Lies by an American Investor Capital.gr 12/2/14 159 Paul Kazarian "But the Greek debt is only 18% of GDP" Capital.gr 12/1/14 160 Paul Kazarian: "Greece can create a success story like no other" Proto Thema 10/29/14 161 The ECB collateral for Greece must be lowered to 5 pct Kathimerini 10/21/14 162 Hedge funds just can’t catch a break this month Market Watch 10/16/14 163 Japonica: The net debt of Greece is below 60% of GDP Proto Thema 6/29/14 164 Expressions of Japonica Partners in London for Greek debt In.gr 2/17/14 165 Japonica Partners: Symposium on Greek debt today in London Times of Change (thetoc.gr) 2/17/14 166 Japonica Partners—Why “Greece is A+” Business Partners (AmCham) 2/1/14 167 Japonica Partners releases details on a New Era in Sovereign Accounting Thought Bloomberg 1/27/14 Leader Symposium

Page 3 of 6 List of Select Additional Articles with Kazarian Foundation and Affiliate Content

S/N TITLE SOURCE DATE 168 Greek Economic Rebound: The Bond Boom May Be Short-Term Exuberance That Will International Business Times 1/17/14 Lead To Long-Term Pain 169 Greek bonds outshine all others South China Morning Post 12/31/13 170 Greek bonds' 47 pct return beats rest of world on brighter outlook Kathimerini 12/30/13 171 Greek sovereign debt gave great gains in 2013 e24.no 12/30/13 172 Japonica plans to hold symposium on Greek debt Kathimerini 12/26/13 173 Conference on Greek debt organizes the London Japonica Partners Epikaira.gr 12/26/13 174 "Global Symposium" for Greek debt heralded the Japonica Partners In.gr 12/25/13 175 Japonica Partners: Continues tour "Greece is A +» Exedra.gr 12/25/13 176 Sovereign Accounting Thought Leader Symposium announced by Japonica Partners Bloomberg 12/24/13 177 Japonica head says his company will support a Greek bond issue Kathimerini 12/19/13 178 People in the News: Capital Flight Institutional Investors 12/13/13 179 Beware of Hedge Funds Bearing Gifts Economic Intersect 12/11/13 180 Greece: The Optimistic Case (Video) BBC 12/11/13 181 Japonica’s Kazarian: “Why and How I Bought Billions in Greek Bonds” Greek Reporter 12/10/13 182 Paul Kazarian (in print only) Hrimatistirio 12/9/13 183 Japonica head says his company will support a Greek bond issue Kathimerini 12/8/13 184 Why I am buying GGBs - Your country is a world champion in fiscal performance To Vima 12/8/13 185 Counter - speculation (in print only) Dimokratia 12/8/13 186 Counts otherwise Ethnos.gr 12/8/13 187 False friends and self-serving critics (in print only) Free Sunday 12/8/13 188 Japonica's Kazarian: "How & Why I Bought 4 bn in Greek Bonds" (video) Greek Reporter 12/8/13 189 Paul Kazarian / Japonica Partners speaks to Thanos Dimadis (video) Alpha TV 12/7/13 190 Who is the admirer of Greek debt Paul Kazarian Kefalaio (Capital.gr) 12/6/13 191 Kazarian says Greece needs clean numbers to attract investors Kathimerini 12/6/13 192 Kazarian Says Greece Needs New Auditing National Herald 12/6/13 193 Kazarian calls for alternative accounting to enable Greece's return to debt markets Venture Capital Post 12/6/13 194 Kazarian (Japonica): "With International Accounting Standard IPSAS Greece's debt is less Newmoney.gr 12/6/13 than 100% of GDP" 195 Paul Kazarian and Japonica Partners & Co - Irrational Accounting Methods EU Kerdos.gr 12/6/13 196 PAUL KAZARIAN PLAYS DON QUIXOTE OF GREECE! Venitism Blog 12/6/13 197 Japonica kicks-off "Greece is A+" Campaign Bloomberg 12/6/13 198 Japonica to discuss its "Greece is A+" campaign at 24th Annual THE GREEK ECONOMY Bloomberg 12/6/13 Conference in Athens 199 Kazarian Says Greece Needs Clean Numbers for Investors Bloomberg 12/5/13 200 SBCTV O PAUL KAZARIAN ΤΗΣ JAPONICA ΜΙΛΑ ΣΤΟ SBC (video) SBC TV 12/5/13 201 Kazarian says Greece needs clean numbers BloombergBusiness 12/5/13 202 Japonica Partners: The investor mystery of Greek debt News.gr 12/3/13 203 Kazarian / Japonica: The Greece won its first A + and is ready for significant growth sofokleousin.gr 12/3/13 204 The Paul Kazarian: Ignore Brussels and hit yourself in the markets. Exedra.gr 12/3/13 205 The Kazarian and negotiations Proto Thema 12/3/13 206 You rub your eyes in five years with the Greece! Kourdisto Portocali 12/3/13 207 Japonica to discuss its "Greece is A+" campaign at 24th Annual THE GREEK ECONOMY CNW 12/2/13 Conference in Athens 208 Praise for Greece from the U.S. ambassador in Athens Tovima.gr 12/2/13 209 Japonica Partners: "Greece is A+" Greek News Agenda 11/27/13 210 Japonica: Greece Deserves an A+ Rating Greek World Reporter 11/27/13 211 Japonica believes Greece deserves an A+ rating Tovima.gr 11/27/13 212 Japonica kicks-off "Greece is A+" Campaign CNW 11/26/13 213 Japonica Partners investment firm gives Greece a score of A+ Kathimerini 11/26/13 214 Japonica Partners says Greece has accomplished an A+ performance AMNA.gr 11/26/13 215 "Greece deserves A + ', the title of the campaign starts Japonica In.gr 11/26/13 216 JAPONICA kicks-off "Greece is A+" Campaign Capital.gr 11/26/13 217 Japonica's Kazarian says Greek spreads will match Italy's and Spain's Kathimerini 10/6/13 218 Japonica: The Greek bonds are underrated and deserve more Proto Thema 10/4/13 219 We are the largest holders of Greek bonds, says Japonica In.gr 10/4/13 220 Japonica, Greek Debt's Largest Holder USA Greek Reporter 10/4/13 221 Greek bonds: Europe's hidden gem? CNN 10/3/13 222 Japonica Says Greek Government Bond Yields Falling to 5% in 2014 Bloomberg 10/3/13 223 Japonica Partners: Undervalued its Greek bonds Imerisia.gr 10/3/13 224 US investor says is one of largest holders of Greek debt Reuters 10/3/13 225 Greek Bonds Will Yield 5 Percent In 2014, Says Japonica Value Walk 10/3/13 226 Japonica: The Greece have evaluated A+ Kathimerini 10/3/13 227 Of the largest investors Greek bond claims to be the Japonica Express.gr 10/3/13 228 Japonica Concludes Greece is an A+ Credit Based on Superior Fundamentals CNW 10/2/13

Page 4 of 6 List of Select Additional Articles with Kazarian Foundation and Affiliate Content

S/N TITLE SOURCE DATE 229 Japonica teleconference on Greece Thurs, 3 October 2013 Bloomberg 10/2/13 230 Japonica Concludes Greece is an A+ Credit Based on Superior Fundamentals Bloomberg 10/2/13 231 U.S. financial investor Japonica Partners & Co. wants to buy Greek bonds fixed-income.org 9/11/13 232 U.S. financial investor Deadline for purchase of Greek bonds WallStreet Online 9/10/13 233 Japonica Partners: U.S. financial investor sets deadline for purchase of Greek bonds 4investors.de 9/10/13 234 What really lies behind the offer Japonica Toxrima.gr 9/6/13 235 Japonica New Lease on Greek bonds Euro2day.gr 8/31/13 236 Greece Bond Dutch Auction Deadline of Sept 30 set by Japonica Bloomberg 8/30/13 237 Japonica Extends Offer to Buy Greek Bonds Until End of September Bloomberg 8/30/13 238 Japonica extends offer to buy Greek bonds until end of September Kathimerini 8/30/13 239 Japonica Extends Greek Bond Offer for Third Time WSJ 8/30/13 240 U.S. investor extends Greek bond offer to Sept. 30 Reuters 8/30/13 241 Japonica Extends Offer to Buy Greek Bonds Until End of September MoneyNews 8/30/13 242 From extension to extension or Japonica to buy Greek bonds Imerisia.gr 8/30/13 243 New extension from Japonica to buy bonds Thepaper.gr 8/30/13 244 Further extension until 30 September gave Japonica Partners Bankingnews.gr 8/30/13 245 Japonica Extends Greek Bond Offer for Third Time Capital.gr 8/30/13 246 Japonica: And the third extension in bid for Greek bonds Capital.gr 8/30/13 247 Japonica Again Extends Greek Bond Offer WSJ 8/1/13 248 A Greek bond offer hangs around even longer FT Alphaville (Blog) 8/1/13 249 Japonica Extends Offer to Buy Greek Bonds by Another Month (1) Bloomberg 8/1/13 250 Japonica Extends Greek Bond Offer for a Second Time Dow Jones 8/1/13 251 Japonica Extends Greek Bond Tender Offer Deadline until Aug 30 Bloomberg 8/1/13 252 Japonica Agreed to reimburse for fairness opinions, extends Greece bond tender offer Bloomberg 8/1/13 253 Almost Time for Mysterious Greek Bond Buyer to Exit Stage Left WSJ MoneyBeat (Blog) 7/31/13 254 Japonica's Mysterious Bid for Greek Bonds Bloomberg 7/18/13 255 Kazarian Emerges After 20 Years With Bid for 10% of Greek Debt Bloomberg 7/17/13 256 Japonica Cuts Minimum Purchase price to 40% of principal vs 45% Bloomberg 7/1/13 257 Japonica Increases Greek Gov't Bond Tender to EU4 Billion Bloomberg 7/1/13 258 Japonica Extends Tender Offer Until Aug 1 vs July 1 Bloomberg 7/1/13 259 Japonica Offers to buy more Greek Government Debt at Lower Price Bloomberg 7/1/13 260 Mysterious Greek Bidder’s Deadline Approaches WSJ MoneyBeat (Blog) 6/28/13 261 Greek Coalition Partner Pulls Cabinet Ministers WSJ 6/21/13 262 Fx Chat: Japonica's Greek "put" Coming Into Focus… Dow Jones Newswires 6/20/13 263 A Greek bond raid - will it work? FT Alphaville (Blog) 6/14/13 264 The investment gospel of Mr 2,9 billion Ethnos.gr 6/9/13 265 Open the Book of Japonica Capital.gr 6/8/13 266 With the "Mr. PSI"the Japonica Tovima.gr 6/7/13 267 AXIA Daily Note AXIA/AVG Research 6/7/13 268 Foreign funds see opportunities in Greece finance.in.gr 6/7/13 269 A former banker wants to buy the 10% of Greek debt Elboletin.com 6/6/13 270 WSJ: The offer of Japonica on Greek bonds are not attractive - you do not sell the hedge Newmoney.gr 6/6/13 funds 271 More on the Mystery Buyer of Greek Government Bonds Wall Street Journal Blog 6/6/13 272 The proposal of Japonica on Greek bonds Sofokleousin.gr 6/6/13 273 The conditions for Greek bonds announced by Japonica Xrimaonline.gr 6/6/13 274 The details of the acquisition of Greek bonds by Japonica Emea.gr 6/6/13 275 Partner with the man who ran the PSI, the Japonica Partners Capital.gr 6/6/13 276 Japonica: Announced the terms of the proposal Euro2day.gr 6/6/13 277 The terms of the tender offer Japonica Partners for the purchase of 10% of Greek bonds Bankingnews.gr 6/6/13

278 In Athens, Paul Kazarian of Japonica for contacts with bankers Newmoney.gr 6/6/13 279 The Japonica announced a proposal to buy Greek bonds Toxrima.gr 6/6/13 280 A Greek bond raid — more details Financial Times Blog 6/5/13 281 The bonds need the ... Masseur them! Euro2day.gr 6/5/13 282 Investment capital from the United States intends to buy Greek bonds 3 billion at 45% of Omogeneia.ana-mpa.gr 6/4/13 their nominal value, says «De Tijd» 283 Paul Kazarian: The Armenian Japonica mastermind who wants to make a profit through its Inews.gr 6/4/13 Greek bonds 284 Why will not succeed proposal Japonica for bonds Tovima.gr 6/4/13 285 As Investor Sentiment Improves, Greece Goes On Charm Offensive in NYC WSJ 6/4/13 286 Presses the Greek spread the Japonica Xrimaonline.gr 6/4/13 287 Reuters: The Japonica "cast" further on the Greek spread Capital.gr 6/4/13 288 Boosts Greek bonds after bid Japonica Pegasus Network 6/4/13 289 After the offer of Japonica subside yields Greek bonds Tovima.gr 6/4/13

Page 5 of 6 List of Select Additional Articles with Kazarian Foundation and Affiliate Content

S/N TITLE SOURCE DATE 290 Paul Kazarian: The Armenian Japonica mastermind who wants to make a profit through its Iefimerida.gr 6/4/13 Greek bonds 291 De Tijd: "Americans are investing massively in Greek bonds" AMPE 6/4/13 292 Corporate raider seeks to snap up $3 billion in Greek debt CNN 6/4/13 293 Offer - mystery to buy Greek bonds Tanea.gr 6/4/13 294 Today the details of the proposed debt market by Japonica Skai.gr 6/4/13 295 Greek yields fall on report of U.S. firm debt offer Reuters 6/4/13 296 Japonica: Only Japanese it is Not Protagon.gr 6/4/13 297 Buying Greek bonds worth € 2.9 billion Ethnos.gr 6/4/13 298 Calls kopsochronia Greek debt Enet.gr 6/4/13 299 And another newspaper criticizes Japonica on Greek bonds Toxrima.gr 6/4/13 300 Agitator makes bet on Greece Wall Street Journal 6/3/13 301 An investment company's frenzied bid: We buy 10 percent of Greek bonds Taloussanomat.fi 6/3/13 302 Meet Japonica Partners: the mysterious bidder for Greek bonds Wall Street Journal Blog 6/3/13 303 In buying Greek government bonds progresses company Japonica Lifo.gr 6/3/13 304 Providence investment firm wants to buy $3.8B of Greek debt WPRI 6/3/13 305 Rhode Island firm makes unusual bid to buy Greek sovereign debt International Business Times 6/3/13 306 Nomura evaluates Japonica's proposal Imerisia.gr 6/3/13 307 Greek bonds rise as Japonica offers to buy $3.8 Billion of debt Bloomberg 6/3/13 308 In huge bet, Japonica Partners says it’s ready to buy up almost 10% of Greek Market Watch 6/3/13 government debt 309 Intrigue surrounds mysterious new Greek bond buyer WSJ MoneyBeat (Blog) 6/3/13 310 Rhode Island-based firm announces bid for massive amount of outstanding Greek debt Business Insider 6/3/13 311 A Greek bond raid FT Alphaville (Blog) 6/3/13 312 Japonica: Proposal Greek bond market 2.9bn Euro2day.gr 6/3/13 313 Mysterious new firm to buy 9.9% of Greece government bonds Value Walk 6/3/13 314 U.S. firm makes surprise offer for Greek government bonds Reuters 6/3/13 315 Falling their Greek bonds after the initiation of Japonica Reuters 6/3/13 316 Japonica Partners: Public proposal to purchase 2.9 billion Greek debt Capital.gr 6/3/13 317 Foreign funds see opportunities in Greece In.gr 6/3/13 318 Japonica announces tender offer for up to eur29bn Greece Govt bonds Bloomberg 6/3/13

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