<Page> WORLD MONITOR TRUST II-- SERIES F MONTHLY REPORT/ JANUARY 25, 2002 <Page> WORLD MONITOR TRUST II--SERIES F - -------------------------------------------------------------------------------- Dear Interest Holder: Enclosed is the report for the period from December 29, 2001 to January 25, 2002 for World Monitor Trust II--Series F ('Series F'). The net asset value of an interest as of January 25, 2002 was $106.72, an increase of 1.44% from the December 28, 2001 value of $105.20. The estimated net asset value per interest as of February 13, 2002 was $103.53. 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) 778-2443. Sincerely yours, 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> <Caption> STATEMENT OF OPERATIONS - ------------------------------------------------ For the period from December 29, 2001 to January 25, 2002 Revenues: Realized gain on commodity transactions....................... $192,830 Change in unrealized commodity positions.......................... 55,451 Interest income...................... 16,203 -------- 264,484 -------- Expenses: Commissions.......................... 56,831 Management fee....................... 18,973 Other transaction fees............... 3,074 Other expenses....................... 8,625 -------- 87,503 -------- Net gain............................. $176,981 -------- -------- </Table> <Table> <Caption> STATEMENT OF CHANGES IN NET ASSET VALUE - -------------------------------------------------- For the period from December 29, 2001 to January 25, 2002 Per Total Interest ----------- ------- Net asset value at beginning of period (112,088.374 interests)............... $11,791,295 $105.20 Contributions.............. 627,521 Net gain................... 176,981 Redemptions................ (196,475) ----------- Net asset value at end of period (116,187.589 interests)............... $12,399,322 106.72 ----------- ----------- ------- Change in net asset value per interest.................... $ 1.52 ------- ------- Percentage change....................... 1.44% ------- ------- </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. by: Barbara J. Brooks Chief Financial Officer