============= Page 1 of 1 ============= PaineWebber Confirmation PAINEWEBBER INCORPORATED PAGE 1 OF 1 109 NORTH POST OAK LANE Account Number HM 01206 SUITE ISO Your Financial Advisor HOUSTON, TX 77024 EMERY FINANCIAL GROUP 713-957-7000 0041007361 HM 01206 0 0004E I JEFFREY K SKILLING 1912 NORTH BLVD i i HOUSTON TX 77098-5418 We confirm the following transaction IL,rtl,nilin,I,L,t„l I.I„tr,I,~,II1,J,,, lI,J,IL,I,I Payment date! Trade activity Trade date Date processed Settlement date SOLD 01/03/2001 01103/2001 01/08/2001 40 2- ON E11- _ 41650 2,500 ENRON CORP 77.00 $192,500.00 $150.00 $6.42 $192,343.58 UNSOLICITED RULE 144 n O Commission/Mar kup charge 06.00 cents per share Z Order taken bit EMERY FINANCIAL GROUP , C SYMBOL ENE ' CUSIP 140. 293561106 Location of Exl ecution: 01 Ca acit A ant r it is important that you retain this trade confirma tion for your tax and financial records. When remittances/securities are due, they must be received by us at the address above on or before the paymenusettlement date. Payments not received by the settlement date may be subject to a late settlement fee. Please indicate your account number on your check or correspondence. Make checks payable to PaineWebber incorpora ed. Please see the back of this confirmation for additional terms and definitions applicable to this transaction. rJ x N l) Ti oc 0 0 A N 0 GOVERNMENT EXH00s-00520 EXHIBIT 1934 Crim. No. H-04-25 (S-2)