EXHIBIT 16 TR/RUNE COMMITMENT COMMITTEE APPROVAL MEMORANDUM

Leveraged Finance Final Approval Memorandum - UPDATE

DATE: May 17, 2007

DEAL: Tribune TRANSACTION: $12,233 million two-step dividendjinancinz packaee consIstine a • $750 million Revolving Credit Facility • $5,515 million Term Loan B • $1,500 million Term Loan X • $263 million Delayed Draw Term Loan B • $2,105 million Incremental Term Loan B • $2,100 million Senior Bridge Loan Facility to Senior Notes Takeout

TO:

Approver Title

Patrick Ryan CM Credit Risk Randy Barker Senior Business Head Chad Lest Head of Global Credit Markets Richard Trask Level 1 SW, Bridge Approver Richard Zogheb Business Head Julie Persily Sponsoring Officer, SCO Judith Fishlow-Minter SSO Jeffrey Knowles 2" SSO

CC: John Purcell Vinny Lima Lee Olive Blake Gronich

FROM: M&A Leveraged Finance ORB Michael Carirnarm Michael Schell Julie Persily Julio Ojett-Quintana Mark Yurko Christina Mohr Tim Dilworth Eric Davis John Apostolides Rosanne Kurroaniak Kathy Chang Ben Erdel Ruoxi Chen Isaac Tak Chris Mowery-Ben Michael Scardigli

tio 1 oi •

FOch Germosen, CSR, CSR-R, APR, CR

Confidential CI7100008175 TRIBUNE COMMITMENT COMMITTEE APPROVAL MEMORANDUM

APPROVAL SUMMARY OF TERMS Tribune Z May 16, 2007 Sponsoring Officer: Julie Pcrsily (x5-6671) Company: Tribune Company ("Tribune" or the "Company") is a media industry leader in the United States, operating businesses in publishing and broadcasting. It reached more than 80% of U.S. households and is the only media organization with newspapers, television stations and websites in the nation's top three markets. In Publishing, Tribune operates II leading daily newspapers including the Los Angeles Times, Chicago Tribune and Newsday. plus a wide range of targeted publications. The Company's Broadcasting group operates 23 television stations (as of December 31, 2006), Superstation WGN on national cable, Chicago's WGN-AM and the Chicago Cubs baseball team. Popular news and information websites complement Tribune's print and broadcast properties and extend the Company's nationwide audience. Insiders. control approximately 23% of Tribune shares with the Chandler family the largest single insider (12% of outstanding shares). Sponsors: Equity Group Investments ("EGr or the "Sponsor") is a privately-held investment company founded by Sam Zell (and the late Robert Lurie) in 1968. Headquartered in Chicago, Sam Zell and the Equity Group have established an outstanding reputation as an opportunistic investor, financier, builder and operator of industry-leading companies. Utilizing a highly opportunistic approach, the Equity Group's portfolio encompass= public companies, private companies and partnerships, in both domestic and international markets. The Equity Group currently utilizes proprietary capital, often in partnership with private and institutional investors. The Equity Group organized the SI billion Zell/Chilmark Fund in 1990, which invested in companies such as Jacor Communications (sold to Clear Channel Communications), Revco Drugs (merged with - CVS Corporation) and Quality Food Centers (sold to The Kroger Company).

Transaction Tribune announced its intentions in September 2006 to evaluate strategic alternatives for the CompanY to create additional Overview: value for shareholders. On April 2, 2007, Tribune announced the completion of its strategic review process and the signing of an agreement to take the company private via a newly-formed Employee Stock Ownership Plan (ESOP) and an investment by Sam Zell. Current Tribune shareholders will receive $34.00 / share in cash in the transaction. The tender offer will take place in two steps: In Q2 2007, the Company will repurchase $4.3 billion of shares and at the end of 2007, will repurchase the remain $4.3 billion of shares. As part of this transaction, Tribune will also make an S-corporation election for 2008 (and therefore pay no corporate level federal tax).

The first stage to occur in Q2 2007 will include the following steps: (i) Tribune will enter into an acquisition agreement with a limited liability holding company owned by Zell ("Zell LLC"), (ii)Zell LLC will invest $250 million in cash in exchange for $50 million of common equity and a $200 million 5% PIK exchangeable subordinated note, (iii) Tribune will form a new employee stock ownership plan ("ESOP") which will purchase new common equity funded by a $250 million loan from Tribune, (iv) Tribune will raise $7.015 billion of debt of which $2.8 billion will be used to refinance existing debt and $4.3 billion will be used for a share repurchase for a $34 per share distribution to shareholders (excluding ESOP and Zell LLC).

Upon receipt of the shareholder and other necessary approvals, expected in Q4 2007, the second stage of the financing will occur and include the following steps: (i) Tribune will raise $4.2 billion of debt which will be used to pay the remaining - public shareholders 534 per share, (ii) Zell LLC will purchase a subordinated note and warrant for $315 million, (iii) Tribune will make an election to be treated as an S Corporation ("S Corp") under the Internal Revenue Code that will shield Tribune from paying any income tax.

In the ultimate ownership structure, the ESOP will own 100% of Tribune and the Zell LLC will own 40% (on a fully diluted basis) upon exercise of the warrant described in stage 2. Upon close of the transaction, the Company will have a nine-member board of directors to be comprised of primarily independent directors with Sam Zelt as the Chairman. The Company will reduce annual cash costs by approximately $80 million due to ESOP structure and cost reductions. Additionally, the Company will not pay corporate level federal taxes due to an S-Corp election. Pursuant to the transaction, the present value of this tax shield is estimated to be approximately $1.0 billion under the management projections. The Company has hired MI outside transfer agent to analyze the expected repurchase liability of the ESOP, which are company cash outflows for retiring or other employee departures. Based on the agent's preliminary analysis, the expected repurchase liabilities are $19 million in the first five years and $193 million in following five years. This assumes an initial minimum benefit level of 5% and maximum payments.

On March 28t we received final approval to commit to 1/3 of an initial debt financing package in Q2 2007 consisting of: (i) a $750 million revolving credit facility ("RC", with a hold position of S100 million); (ii) a $7,015 million Tenn Loan Et ("TLB"), (iii) a 5260 million delayed draw Term Loan B ("DOTI-13"), (iv) a $2,125 incremental Term Loan B facility ("incremental TLB"), and (v) a 52,100 million Senior Unsecured Bridge facility ("Bridge") to be taken out with 52,100 million Senior Unsecured Notes ("Notes") prior to funding. The delayed draw portion to the Term Loan B, will be used to pay-off the Company's non-callable medium term notes which come due during 2008.

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Confidential CM 00008176 TRIBUNE COMMITMENT COMMITTEE APPROVAL MEMORANDUM

Due to structural changes made during syndication, wc would like to seek reapproval to commit to 25% of a debt financing package consisting of (i) a $750 million revolving credit facility ("RC", with a hold position of $100 million); (ii) a $5;515 million Term Loan B (ILB"), (iii) a $1,500 million Term Loan X ("TLX"), (iv) a $263 million delayed draw Term Loan B ("DUMB"), (v) a $2,105 incremental Term Loan B facility ("incremental TLB"), and (vi) a $2,100 million Senior Unsecured Bridge facility ("Bridge") to be taken out with $2,100 million Senior Unsecured Notes ("Notes) prior to funding. The incremental TLB. TLX and the Notes will be used solely to finance the Zell acquisition and refinance certain existing debt.

Pro forma for the initial financing, 1" priority guaranteed, guaranteed, total leverage will be 5.0x, 5.0x, and 6.7x, respectively, 3/31/07 Adjusted EB1TDA of 51,414 million. Pro fornia for the second financing, 1 priority guaranteed, guaranteed, total leverage and adjusted total leverage will be 5.9x, 7.4x, 9.0x, and 8.3x, respectively, 12/31107E Adjusted EBITDA of S1,471 million.

Pro forma for second financing and the Sale of Cubs / Comcast, l'i priority guaranteed, guaranteed, total leverage and adjusted total leverage will be 5.7x, 7.1x, 8.8x, and 8.1x, respectively, 12/31/07E Adjusted EB1TDA of S/,434 million. Prior approved tin minions) Ciagroup Facility Facility Size Citigroup Hold Amount Underwriting Amount Commitment: -RE ------T-.7515.-6 5250.0 $100.0 5150.0 TLB 7,015.0 2,338.0 0.0 2,338.0 DDTLB 260.0 86.7 0.0 86.7 Incremental TLB 2,125.0 708.3 0.0 708.3 Bridge _. 2,100.0 700.0 700.0 0.0 *Total - 12,250.0 4,083.0 800.0 3,283.0 CURRENT: (in infrions) Citigroup Facility Facility Size Citigroup Hold Amount Underwriting Amount Commitment: RC 5750.0 5187.5 5100.0 $87.5 TLB 5,515.0 1,378.8 0.0 1,378.8 TLX 1,500.0 375.0 0.0 375.0 ' DDTLB 263.0 65.8 0.0 65.8 Incremental TLB 2,105.0 526.3 0.0 526.3 Bridge 2,100.0 525.0 525.0 0.0 Total ------7.27235------i;6313- ----62-5------1:iiii Risk Ratings: Moody's S&P FRR ORR (assuming ri step k completed) Senior Secured lg Lien B) . 6 . Corporate B2 B - 6 Notes B3 B- 6- Approval Terms: Senior Secured Credit Facilities Porrower: Tribune Facilities: 512,233 million two-step dividend financing package consisting of: • $750 million Revolving Credit Facility • $5,515 million Term Loan B • $1,500 million Term Loan x • $263 million Delayed Draw Term Loan B • $2,105 million Incremental Term Loan B Guarantors: Each of the Borrower's existing and future direct and indirect domestic subsidiaries Security: Stock of a newly created first tier subsidiary that will have an inter-company junior subordinated loan to the publishing operating subsidiaries as its only assets ___to!-:7'er RC: 6 years 71-B: 7 years TI.X: 2 years DDTLB: Same maturity as TLB ITLB: Same maturity as TLB

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Confidential Cm 00008177 TRIBUNE COMMITMENT COMMITTEE APPROVAL MEMORANDUM,

Indicative Pricing: TLX: Ls-250 bps prior to the second step closing date, L+275 bps subsequently RC, TLB, DDTLB,ITLB: L+300 bp' All with a one-time 25 bps step-down in the event the Zell transaction is not completed and corporate ratings upgrade to BIM+ Undrawn Pricing: RC: 50 bps 13171113: 75 bps 99.250 price Flex: None (have used up initial 50 bps) Structure Flex: Ability to move $1,400 million of rru3 to Notes Amortisation: RC: None TLB: 1% per annum paid on a quarterly basis with bullet at maturity TLX: 50% in November 2008,. bullet at maturity DDTLB: 1% per annum paid on a quarterly basis with bullet at maturity 1TLB: I% per annum paid on a quarterly basis with bullet at maturity Call Protection: 101 soft call on TLB Mandatory Prepayments: 50% of annual excess cash flow; 100% of the net cash proceeds or asset sales; 100% of net cash proceeds of debt issuance or incurrence, all subject to baskets and exceptions All mandatory prepayments will be first applied to the Tix, until the TLX is prepaid in full Optional Prepayments: Prepayable at any time without penalty Conditions Precedent: For Stage 1: Including, but not limited to: (i) Lead Arrangers shall be satisfied with the terms and conditions and documentation relating to the ESOP (ii) Lead Arrangers shall be satisfied with Tribune's capitalization both on n pro forma basis for the First Step Transactions and the Second Step Transactions For Stage 2: Including, but not limited to: (i) Maximum total guaranteed debt leverage of less than 9.0x (iii)Zell will agree to invest $100.0 million on March 15 each year (beginning in 2008) in common equity of Tribune i f Tribune has not made the S Corp Election on or prior to such date until such time as the S Corp Election is validly made Negative Covenants: Usual and customary for transactions of this type including: (i) Carve-out in credit agreement to accommodate Zell and liSOP owners without change of control Financial Covenants. Total Guaranteed Debt Leverage Ratio and Minimum Interest Coverage Ratio (with 2 sets of covenant levels to accommodate Zell transaction) Underwriting Fees: 1.625% Joint Lead Arrangers and .1PM, Merrill Lynch, Citigroup and Bank of America Bookrunners: Law: New York

Senior Unsecured Bridee Facility Borrower: Tribune 52,100 million Guarantors: Same as the Senior Secured Credit Facilities but on a senior subordinated basis Security: None Initial Maturity: 12 months from closing; upon Initial Maturity, outstandings will be exchanged for seven- year exchange notes Initial Rate: L+450 for first 6 months, stepping up by 50 bps every three months from the funding date Interest Rote Cap: 12%

Commitment Fee: _ 75 bps Fuaclinz Fee: 125 bps with rebates Conversion Fee: 200 bps with rebates Securities Demand: 90 day blackout ,Struerw-e Flex: Ability to structure the Notes as Za lien Conditions Precedent: Usual and customary for transactions of this type and similar to those for the credit facilities Covenants: Customary high yield incurrence-based covenants TB!) Senior Unsecured Notes /lima Tribune Principal Amount: 52,100 million Guarantors: Same as the Senior Secured Credit Facilities but on a senior subordinated basis &Mg:1M None 4

Confidential CM 00008178 TR/NINE COMMITMENT COMMITTEE APPROVAL MEMORANDUM

. Offering Format: .... Reg. S / 144A with Registration Rights Tenor: 8 years - Indicative Cartoon: 10.000% area . Cell Protection: NC-4 Change of Control: Investor put at 101% of par Principal Covenants:, Customary high yield incurrence-based covenants TBD Gross S,prfad: 2.00% Obligor Exception: Citigroup plans to commit $3,058 million (25% of the initial debt financing package) to the $12,233 million dividend financing package, split between $2,433 million of underwriting risk and $625 million of direct commitment to the facilities. This would lead to a short term obligor exception of $505 ram, which will reduce to zero once the bridge is replaced with senior notes Financing Fees: an millions) (assuming full fees Fpchly___,, Enid / Corinni tmerit.. Amount Net Fee percentage__ Fee_ ___ paid to market on RC $100.0 1.625% $1.6 RC, conservatively assumes 1% paid TLB 1,378.8 0.875% 12.1 to market on TLB, TLX 375.0 1.625% 6.1 pre-S1,14 sel(down) DDTLB '65.8 0.875% 0.6 Incremental TLB 526.3 1.625% 8.6 Bridge 525.0 0.75% 3.9 -----.---.-----. -..— ------Total 2,433.3 32.8 Other Chi Roles: Sell-sidc M&A Advisor to Tribune Deal EBITDA: • Initial financing: Pro forma LTM EB11DA of $1,411 mm at 3/31/07 • Second-step financing: Pro forma LTM EB1TDA of $1,434 mm at 12131/07 (post sale of Cubs and Corricast SportsNet) RORC Without Bridge • One-year: 94.72% • Lifetime: 41.94% With Bridge • One-year: 27.2% • Lifetime: 16.0% RAC: RAC 11 Loan to Value: Through initial TLB and TLX: 62.6% Based on TRB's 511512007 Firm value of $l I,199nun Through initial TLB + DDTLB: 65.0% Through initial TLB + DDTLB + incremental TLB: 83.85' Investment • Significant scale in both publishing and broadcasting Highlights: • Diversified across businesses and markets • Many saleable assets (Cubs, individual papers. individual stations) • Strong fret cash flow generation - Key Risks: i Softening industry trends, decreased ad spending . " ' . • Declining circulation • Changes in the regulatory landscape • The availability and cost of quality syndicated programming • Labor issues • Complex ESOP ownership structure Management: Tribune's management is strong with a proven track record of financial conservatism, operating competence, good cost control and the advantage of scale. Management's business strategy is to focus on the largest markets with the most favorable advertising demographics through strong brands, geographic diversity and duopolics in a few markets. - Loan Syndication: Difficult. ESOP ownership structure, high leverage and a lack of hard asset collateral for the bank debt will be the biggest risks. Road Syndication: Difficult. The ESOP ownership structure and the amount of bank debt ahead of the bonds will be the biggest issues from a h igtaield perspective. Approvers/Millais: Patrick Ryan, Randy Barker, Chad Leat, Richard Trask, Richard Zog,heb, Julie Persily, Judith Fishlow-Minter, Jeffrey Knowles

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Confidential CM 00008179 TRIBUNE crea COMMITMENT COMMITTEE APPROVAL. MEMORANDUM

At A Glance Project Zoom Previous Approval March 28, 2007 Gemeral We arc seeking approval to commit to 1/3 of a $12,250 million financing package consisting of: $750 million Revolving Credit Facility, 17,015 million Term Loan B, $260 million Delayed Draw Term Loan B, 52,125 million incremental Tema Loan B and a $2,100 million Senior Subordinated Bridge Loan Facility to Senior Unsecured Notes Takeout. Sources & Uses: co...a. $ouree4 . Total lb 1.90 17001 Tots/ V. St ep I (Q2 2007) New Ftevolving Cr** FaaRy (MG..) $00 .0% Ox Sham Repordwse $4,241 439% CS in millions) New Tenn than 8 7,015 72.8 5% Ralnance Eskreng Debt 2,837 29.4 New Wave( Maw U.. Loan 0 ($260.e01) o 0.0 6.0 Rol Ed3410 Debi 1,621 15.7 (Revised Management Ros Eorimittil Debt 1,521 15.7 6.0 PHONES 900 9.3 PHONES 900 9.3 67 (-Mandy(' Fees 136 1.4 Case) 701 lowestrrens 225 2.3 Transaction fees 24 0.2

Total Sourms $4649 107014 CU Total Uses 56,50 100.0% Share Ropurchase Total Share Roporchose AMOOM $4,241 Repurchase Poke Pra Si.., 533.00 No. of Shares Reporchesed 126.5 . PF Basic Shams 073 113.9 Mac A•di. 6517134 is calustated as °peados Gab Flow ('OCF") Wore stock-based osoperissiloa plus Incranenal ease non savisco sod cal. (boa thee prey toreeweres. Pro Forma Capital ACTIUM 01 PrOfeeted Recap ho f-orma Structure: 12131/2006 Aei..56011*8 313172007 Adlustmenti 313172007 Step 1 (Q2 2007) Cash aod Cash Equivalents $175 S 10 $165 - $1135 Revotelag Creak Facility - . -.- - - (Revised Management New Tarn Loan B - - - $7,015 _A-MIS Case) 146 PoirwIty Guaranteed Debt $0 $0 . $7,015 New Senior Notes - - - - - Guaranteed Debt $0 $0 $7,015 Commercial Paper $97 - 507 (57) - Tenn Loan A 1,500 - 1,500 (1,500) - Bridge Loon 1,310 (70) 1.240 (1.240) - Metkrrn Term Notes 263 - 263 - $263 Existing Notes 1,165 0 1,165 - 1,155 CaPithroced Real Estate Otofigation 66 (t) 6/ - 51 8406/5 and Other 01250350ne 4* 0 42 - 42 500409 0014 54,432 54,357 56.535 PHONES 900 - 900 - 900 Total Debt 55,332 ----- 55,267 $9,435 Credit StatisEes 1214 91 Ad) Et31113A 51.433 51,411 $1,411 10* Prketty Guam/Iced Debi /IT/4 Pf A4 EBITDA . 0.0x 0.00 6.0. Guaranleed Debt 11754 Pf A4 EB1TDA 0.0 0.0 5.0 • Seriltor Debt 1 LIU PF AcIl EMMA - 3.1 3.1 ao Total Debt 1 1.114 IF A4 EBITDA 3.7 3.7 6.7 Sources A Uses: Como& Sources Total V. Levorsgel" Uses Total Step 2(Q4 2007) V. New Riwohing C,rea Fealty ($750nen) $0 BO% 0.0e PUoctlaSe Equey 54,194 31.0% a in millions) Roe Ddenne Bonk Debt 4.701 sad 4.6 Rot Croleang Bank Debi 6.701 49,6 Incremental Term loan 13 2.125 15.7 6.0 Rolled Eatsang Notes 1607 11.1 (Revised Management Nowsenim Nobs 2,100 15.5 2,4 PHONES 900 6.6 Case) R olled Erdsang Notes tsar 11.1 6.5 Mondry end Omar Fere 107 0.9 ri-rwes 900 6.6 9.1 Cash Distribulions Triggered by 1411.0 Opla3n Proceetb 217 1.5 Chong, at Caned

Total Source. • $13,550 110.534 9.1o1 Total Mee $13,693 100.0%

Lege Case Proceeds kom Cubs/ Conant (3002) Stare Raperchme Total Total Ff 0.91 0* 04117 $12.731 CUD) Toed Shore Reporchese Ameunl 54.104 Lass: PV d Tax Seems (1,0021 146* 991 511001Share 534 24 (4) TatalAdll. 0.54 .50431704177 111,730 42.713 14o. of Basle Shores • 1711110ptions Repurchased 122,5 NoIC A4 SBITDA is rekeleted oto Opowneg C.d. flow (-0CF) before wodobwod coweenowew plus wererownal ash Dow vamp ond ewe lbw, from Nests invememts (I) Bead MI 51.469rou L114 P944 131172DA, pm Rhos fer Mom etinatmenal auk tea hares , (7) Bowl.. 51,434uou1134 PF Adj. EMMA. pre isows for Mesa orieereswetelsash COM onnoes ad sic sok otOalls sod Casnost. (3) Caketestd es the FO-Ifsac IN of Tax &Mop hem S-Croop dad. dbthermod as sacked ammo oast of cepia' 4 47.5%. (4) 4w-m. 13131467 dories stet led 5% annear wand...

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At A Glance Project Zoom - Current Approval May 16 2007 General We are seeking approval to commit to 25% of a $12,233 million financing package consisting of: $750 million Revolving Credit Facility, $5,515 million Term Loan B, $1,500 million Tenn Loan X, £263 million Delayed Draw Term Loan B, $2,105 million incremental Term Loan B and a $2,100 million Senior Subordinated Bridge Loan Facility to Senior Unsecured Notes Takeout. The original management case projections remain virtually the same as the March 28,2007 memo. However, given the addition of the Term Loan X, the increase in the TLB pricing (from L4-250 to L+300) and the need for the TLX to be replaced within 24 months, the Company has suggested various alternatives and opportunities (selling certain TV stations, some real estate and/or Tribune Media Services) to generate cash and create the additional cash flow flexibility for the required near-term mandatory debt repayment inherent in the Term Loan X. These opportunities are presented to show the ability to repay the TLX, but are not necessarily the new base case management plan. Consul Sources & Uses: Sources Total % Le-.496 that Total % Step I (Q2 2007) New Revolting Credit Facety ($750nert) SO OA% 00s SoPtilietarOsase 06.290 (S in millions) New Term Loan 0 5.515 56.8 5.0 Refinance Existing) Debt 2.025 29.1 New Teem Loan X 1.500 15.4 1.1 Rai E4sUrg mu 15111 15.6 PHONES 930 96 (Revised Management 1.4"'°..tr:"' ° r'n' ''''''' B t$243'..4 1,5190 i'105.6 80" Pinessine fres 130 1.3 Case) PHONES 030 96 6.7 Tronsac001 Pees 22 0.2 ON Investment 239 26 Total Same. $9,714 105614 130 7.U1 000 69,714 -wort%

Sham Repurchase 7080 7066. Repurchase Ana. 59.200 040.450se Pike per Slew* 03400 Na 0489w,, Repurchased 281 P7090.00Sly,. Ray Mae! Sham 04 Ie.,. 24 shamil 125.3 LI Common $hams issued at $34.089s0 1.4 Pf 00014 30.., 015 (Ina Dill 04990 335.7 Pro Forma Capital Actual Actual Recap Pro Forma Structure: 121314036 3014007 Adarstrnents, 341/2007 Step I (Q2 2007) Cash and CaSh Equevalents 1175 0182 - sin Mho/yin Credit facerty - - - - New Term Loan 13 - - $5.515 55.515 (Revised Management Mow Term Loan X - - 1,500 1.600 Case) 3.3 Priority Cssereeteed Debt 10 so 07.015 Nes Senior Notes - - - - Guaranleed Debt IQ 00 87,1116 Cortenerckal P.p.t 007 - - - Teem Loan A 1.500 1.503 (1,500) - 01490166, 1310 1.325 (1,325) Medium Tema Notes 283 263 - $263 ".6117 Notes 1,165 0.060 - 1.168 Capture:red Real Estate 0141Gation so si _ 41 Swaps end Olher Obleations ....._...41 _Jo__ - 40 Senior Debt 11-4,432 $4.344 . 1,S14 PHONES 930 930 10160 (1464 $5.362 83.274 09.464 Low PV of Cost SoKnue - - - - - $0441 84. Debt $5,362 05.274 09,464 $01 DNA 19,188 05,092 85.2*2 .------. ------.------...- -... Credit Vedettes LTal Pf All ERMA 11.427 01.414 01;114 Ill Priority Guaranteed Debt/ L711 P754 ERMA 0.0e 0.06 10-.% Gaseareeed 0.44 4 CM1514 PF Ad( ESITDA 00 0.0 6.0 Smear Debt / Ole P7 *4007105EDEMA 3.1 3.1 4.9 Total Debit LTIA PF MI ERMA 3,11 3.7 6.7 Total /14. Debt I LIM PE Aci EINTOA _ 3.8 ' 3.7 0.7

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