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IN THE UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION In re Chapter 11 SENTINEL MANAGEMENT GROUP, INC., Case No. 07 B 14987 Hon. John H. Squires Debtor. Status Hearing Date: October 7, 2008 Status Hearing Time: 10:00 a.m. Objection Deadline: October 2, 2008 NOTICE OF FILING TO: See attached Service List PLEASE TAKE NOTICE that on Thursday, October 2, 2008, we caused to be filed with the Clerk of the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division, Everett McKinley Dirksen Building, 219 South Dearborn Street, Chicago, Illinois, the Objection of Penson GHCO and Penson Financial Futures, Inc. to the Trustee s Motion to Clarify or in the Alternative to Vacate or Modify the Court s August 20, 2007 Order, a copy of which is herewith served upon you. Dated: October 2, 2008 Chicago, Illinois. Respectfully submitted, PENSON GHCO AND PENSON FINANCIAL FUTURES, INC. By: /s/ Timothy R. Casey One of Their Attorneys DRINKER BIDDLE & REATH LLP Michael Barry (ARDC # 3121539 Timothy R. Casey (ARDC # 6180828 Andrew E. Weissman (ARDC # 6273246 191 North Wacker Dr. Suite 3700 Chicago, Illinois 60606 Tel: (312 569-1000 Fax: (312 569-3000 Counsel for PENSON GHCO and PENSON FINANCIAL FUTURES, INC.

CERTIFICATE OF SERVICE I, Timothy R. Casey, an attorney in the law firm of Drinker Biddle & Reath LLP, certify that on this 2 nd day of October 2008, true and correct copies of the foregoing Notice of Filing and Objection of Penson GHCO and Penson Financial Futures, Inc. to the Trustee s Motion to Clarify or in the Alternative to Vacate or Modify the Court s August 20, 2007 Order, were served (i in accordance with the Administrative Procedures for the Case Management/Electronic Case Filing System for the Northern District of Illinois, and (ii via e- mail on Susheel Kipalani and Benjamin Finestone, Quinn Emanuel Urquhart Oliver & Hedges, LLP, Mark A. Berkoff and Marc Fenton, DLA PIPER US LLP, Catherine L. Steege and Vincent E. Lazar, Jenner & Block LLP, U.S. Trustee, Attn: Sandra Rasnak, and Sean Scott, Mayer Brown LLP. _/s/ Timothy R. Casey Timothy R. Casey

SERVICE LIST Catherine L. Steege Vincent E. Lazar Jenner & Block, LLP 330 North Wabash Avenue Chicago, Illinois 60611-7603 Telephone: (312 222-9350 Facsimile: (312 527-0484 E-mail: csteege@jenner.com vlazar@jenner.com (Attorneys for the Chapter 11 Trustee R. Scott Alsterda Ungaretti & Harris LLP 3500 Three First National Plaza 70 West Madison Chicago, IL 60602 Telephone: (312 977-9203 Facsimile: (312 977-4405 (Attorneys for AlphaMosaic US LLC Robert Pietrzak Lynn A. Dummett Sidley Austin LLP 787 Seventh Avenue New York, NY 10019 Telephone: (212 839-5300 Facsimile: (212 839-5599 (Attorneys for Lehman Brothers Inc. Ira P. Goldberg Abraham Brustein Di Monte & Lizak LLC 216 West Higgins Road Park Ridge, IL 60068 Telephone: (847 698-9600 Facsimile: (847 698-9623 (Attorney for Charles Mosley Gennice D. Brickhouse Pension Benefit Guaranty Corporation 1200 K Street, NW, Suite 340 Washington, DC 20005-4026 Telephone: (202 326-4020 Facsimile: (202 326-4112 (Attorney for PBGC Paul S. Caruso Brian J. Lohan Sidley Austin LLP One South Dearborn Chicago, IL 60603 Telephone: (312 853-7000 Facsimile: (312 853-7036 (Attorneys for Lehman Brothers Inc. N Neville Reid Sajida Mahdi Ali Michael W. Ott Mayer Brown LLP 71 S. Wacker Drive Chicago, IL 6060 Telephone: (312 782-0600 Facsimile: (312 701-7711 (Attorneys for Cantor Fitzgerald & Co. Jennifer B. Herzog Timothy F. Nixon Godfrey & Kahn, S.C. 780 North Water Street Milwaukee, WI 53202-3590 Telephone: (414 287-9501 Facsimile: (414 273-5198 (Attorneys for Fall River Capital LLC Susheel Kirpalani Benjamin Finestone Quinn Emanuel Urquhart Oliver & Hedges, LLP 51 Madison Avenue, 22 nd Floor New York, NY 10010 Telephone: (212 849-7000 Facsimile: (212 849-7100 E-mail: susheelkirpalani@quinnemanuel.com benjaminfinestone@quinnemanual.com (Attorneys for Official Unsecured Creditors Committee Frederick J. Grede Chapter 11 Trustee c/o Jenner & Block LLP 330 N. Wabash Ave. Chicago, IL 60611 Telephone: (312 840-7811 Facsimile: (312 527-0484

George G. Wilder Bella Rozenberg Bradford M. Berry Commodity Futures Trading Commission 1152 21 st St., N.W. Washington, DC 20581 Telephone: (202 418-5142 Facsimile: (202 418-5524 Monika J. Machen Sonnenschein Nath & Rosenthal LLP 7800 Sears Tower 233 South Wacker Drive Chicago, Illinois 60606 (Attorney for CGP Capital Gains Perspective Robert B. Christie Henderson & Lyman 175 W. Jackson Suite 240 Chicago, IL 60604 Telephone: (312 986-6957 Facsimile: (312 986-6961 (Attorney for Crossland Customer Segregated a/k/a Crossland LLC Michael M. Eidelman Stephanie K. Hor Vedder Price Kaufman & Kammholz, P.C. 222 N. LaSalle Street Chicago, IL 60601 Telephone: (312 609-7500 Facsimile: (312 609-5005 (Attorney for Ernst & Young, as Receiver for Lake Shore Alternative Financial Asset Corporation Limited and Lake Shore Alternative Financial Asset Corporation 2006 Limited Richard B. Bendix Morgan S. Smith Schwartz Cooper Chartered 180 N. LaSalle Street, Suite 2700 Chicago, IL 60601 Telephone: (312 346-1300 Facsimile: (312 782-8416 (Attorneys for Stone Capital Group, Inc., Cedar Stone, LLC, Ravinia Investors LLC, Ravinia Investors LLC Profit Sharing Plan Sean T. Scott Mayer Brown LLP 71 South Wacker Drive Chicago, IL 60606 Telephone: (312 701-8310 Facsimile: (312 706-8482 E-mail: stscott@mayerbrown.com (Attorney for Bank of New York Jason M. Torf J. Mark Fisher Schiff Hardin 6600 Sears Tower Chicago, IL 60606-6473 Telephone: (312 258-5500 Facsimile: (312 258-5600 (Attorneys for Velocity Futures Ronald Barliant Kathryn A. Pamenter Randall Klein William C. Meyers Goldberg Kohn 55 E. Monroe St., Suite 3300 Chicago, IL 60603-5792 Telephone: (312 201-4000 Facsimile: (312 332-2196 (Attorneys for Sentinel Management Group, Inc.

William T. Neary Roman Sukley Sandra Rasnak United States Trustee Dirksen Federal Courthouse 219 S. Dearborn Street, Room 873 Chicago, IL 60604 Telephone: (312 886-5785 Facsimile: (312 886-5794 E-mail: sandra.rasnak@usdoj.gov Mark A. Berkoff Marc I. Fenton DLA Piper US LLP 203 N. LaSalle Street, Suite 1900 Chicago, IL 60601-1293 Telephone: (312 368-4000 Facsimile: (312 332-2196 E-mail: mark.berkoff@dlapiper.com marc.fenton@dlapiper.com (Attorneys for Official Unsecured Creditors Committee Nathan F. Coco Paul E. Chronis Ryan T. Schultz McDermott Will & Emery LLP 227 W. Monroe Chicago, IL 60606 Telephone: (312 372-2000 Facsimile: (312 984-7700 (Attorneys for Country Hedging, Inc. Stephen P. Bedell Jill L. Murch Foley & Lardner LLP 321 North Clark Street, Ste. 2800 Chicago, IL 60610-4714 Telephone: (312 832-4500 Facsimile: (312 832-4700 (Attorney for Cadent Financial Services, LLC and Fortis Clearing Americas, LLC Angela D. Dodd U.S. Securities and Exchange Commission 175 W. Jackson Blvd., Suite 900 Chicago, IL 60604 Telephone: (312 353-7400 Facsimile: (312 353-7398 Geoffrey S. Goodman Scott E. Early Foley & Lardner LLP 321 N. Clark St. Suite 2800 Chicago, IL 60610 Telephone: (312 832-4500 Facsimile: (312 832-4700 (Attorneys for Alaron FX, Inc., Alaron Holdings Corp., Alaron Trading Corp., Frontier Futures, Inc. Robert J. Trizna Jeffrey David Barclay James J. McNamara David M. Giangrossi Schuyler Roche & Zwirner, P.C. 130 E. Randolph St. Suite 3800 Chicago, IL 60601 Telephone: (312 565-2400 Facsimile: (312 565-8300 (Attorneys for BC Capital Fund A, LLC, BC Capital Fund B, LLC, Blueprint Partners LP, Dighton UTG Fund SPC, Leviathan Diversified Fund 3XL Mark W. Page 333 W. Wacker Dr. No. 2600 Chicago, IL 60606 Telephone: (312 857-7073 Facsimile: (312 857-7095 (Attorney for Sentinel Bank & Trust, Ltd., Sentinel U.S. Liquidity Fund, Ltd.

Robert M. Fishman Ira Bodenstein Janice A. Alwin Shaw Gussis Fishman Glantz Wolfson & Towbin LLC 321 N. Clark Street, Suite 800 Chicago, IL 60610 Telephone: (312 541-0151 Facsimile: (312 980-3888 (Attorneys for Robb Evans & Associates LLC, as temporary receiver of Lake Shore Asset Management Jill L. Murch Stephen P. Bedell Thomas P. Krebs Foley & Lardner LLP 321 North Clark Street Suite 2800 Chicago, IL 60610 Telephone: (312 832-4500 Facsimile: (312 832-4700 (Attorneys for FC Stone LLC, Rand Financial Services, Inc. Jeff J. Marwil Stephen J. Senderowitz Peter J. Young Winston & Strawn LLP 35 West Wacker Drive Chicago, Illinois 60601 (Attorneys for Citadel Equity Fund, Ltd. The Coleman Law Firm 77 West Wacker Drive Suite 4800 Chicago, Illinois 60601 Attn: Elizabeth E. Richert Steven R. Jakubowski Robert F. Coleman (Attorneys for Lake Shore Alternative Financial Asset Ltd. David A. Genelly James C. Conley Vanasco Genelly & Miller 33 N. LaSalle St. Suite 2200 Chicago, IL 60602 Telephone: (312 786-5100 Facsimile: (312 786-5111 John P. Sieger Andrew L. Wool Peter A. Siddiqui Christian T. Kemnitz Arthur W. Hahn Katten Muchin Rosenman LLP 525 W. Monroe St. Chicago, IL 60661-3693 Telephone: (312 902-5200 Facsimile: (312 902-1061 (Attorneys for Discus Master Limited Dennis M. Twomey Bryan Krakauer Sidley Austin LLP 1 South Dearborn Street Chicago, Illinois 60603 (Attorneys for Jump Trading, LLC, et al. Robert V. Shannon BELL BOYD & LLOYD LLP 70 West Madison Street Suite 3100 Chicago, Illinois 60602 Tel: (312 372-1121 Fax: (312 872-8000