<Page> (LOGO) WORLD MONITOR TRUST II-- SERIES F MONTHLY REPORT/ JULY 27, 2001 <Page> WORLD MONITOR TRUST II--SERIES F - -------------------------------------------------------------------------------- Dear Interest Holder: Enclosed is the report for the period from June 30, 2001 to July 27, 2001 for World Monitor Trust II--Series F ("Series F"). The net asset value of an interest as of July 27, 2001 was $101.04, an increase of .14% from the June 29, 2001 value of $100.90. The year-to-date return for Series F was a decrease of 5.48% as of June 29, 2001. The estimated net asset value per interest as of August 15, 2001 was $101.73. Past performance is not necessarily indicative of future results. Should you have any questions, please contact your Prudential Securities Financial Advisor. For account status inquiries, contact Prudential Securities Client Services at (212) 778-1017. Sincerely yours, /s/ Eleanor L. Thomas ----------------------------- Eleanor L. Thomas President and Director PRUDENTIAL SECURITIES FUTURES MANAGEMENT INC. Please note that the unit value which appears on your Prudential Securities statement is an estimated value at calendar month-end. The actual value as of the last Friday of the month is contained in this report. <Table> STATEMENT OF OPERATIONS - --------------------------------------------------- For the period from June 30, 2001 to July 27, 2001 Revenues: Realized gain on commodity transactions........................... $19,797 Change in unrealized commodity positions.............................. 33,469 Interest income.......................... 33,584 ------- 86,850 ------- Expenses: Commissions.............................. 47,161 Management fee........................... 15,742 Other transaction fees................... 3,105 Other expenses........................... 6,866 ------- 72,874 ------- Net gain................................. $13,976 ------- ------- </Table> <Table> STATEMENT OF CHANGES IN NET ASSET VALUE - --------------------------------------------------- For the period from June 30, 2001 to July 27, 2001 Per Total Interest ----------- -------- Net asset value at beginning of period (100,374.538 interests).................. $10,127,995 $ 100.90 Contributions................. 188,341 Net gain...................... 13,976 Redemptions................... (208,156) ----------- Net asset value at end of period (100,177.620 interests).................. $10,122,156 101.04 ----------- -------- ----------- Change in net asset value per interest....................... $ .14 -------- -------- Percentage change.......................... .14% -------- -------- </Table> - ------------------------------------------------------ I hereby affirm that, to the best of my knowledge and belief, the information contained herein relating to World Monitor Trust II--Series F is accurate and complete. PRUDENTIAL SECURITIES FUTURES MANAGEMENT INC. /s/ Barbara J. Brooks ---------------------------- by: Barbara J. Brooks Chief Financial Officer