Trading Results & Economic Outlook

(# of days in quarter) Trading Results ZERO TRADING LOSS DAYS (Q4/20) TRADING REVENUE & ONE-DAY TOTAL VAR (Q4/20) 25 20 20 15 10 5 1.I 40 30 20 10 им wh Average 1-Day Total VaR Q4/20: $ 16.7 MM Q3/20: $ 30.5 MM Q4/19: $13.6 MM 0 -10 -20 0 -30 T T T T T T 3456789 10 15 20 25 30 >30 Q4/20 Daily Trading Revenues ($MM) 1-day total VaR Actual Daily Revenue 37

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