<Page>
Alternative Investment
Strategies
WORLD MONITOR TRUST II--
SERIES F
MONTHLY REPORT/
JULY 26, 2002
(Logo) Prudential Financial
<Page>
WORLD MONITOR TRUST II--SERIES F
- --------------------------------------------------------------------------------
Dear Interest Holder:
Enclosed is the report for the period from June 29, 2002 to July 26, 2002 for
World Monitor Trust II--Series F ('Series F'). The net asset value of an
interest as of July 26, 2002 was $116.26, an increase of 8.26% from the June 28,
2002 value of $107.39. The calendar year-to-date return for Series F was an
increase of 9.27% as of July 26, 2002.
The estimated net asset value per interest as of August 13, 2002 was $117.94.
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.
STATEMENT OF OPERATIONS
- -------------------------------------------------
For the period from June 29, 2002 to
July 26, 2002
Revenues:
Realized gain on commodity
transactions...................... $1,484,477
Change in unrealized commodity
positions......................... 342,117
Interest income..................... 22,882
----------
1,849,476
----------
Expenses:
Incentive Fee....................... 309,463
Commissions......................... 78,928
Management fee...................... 26,530
Other transaction fees.............. 3,380
Other expenses...................... 9,861
----------
428,162
----------
Net gain............................ $1,421,314
----------
----------
STATEMENT OF CHANGES IN NET ASSET VALUE
- --------------------------------------------------
For the period from June 29, 2002 to
July 26, 2002
<Caption>
Per
Total Interest
----------- -------
Net asset value at
beginning of period
(142,225.062
interests)............... $15,273,989 $107.39
Contributions.............. 1,463,931
Net gain................... 1,421,314
Redemptions................ (291,911)
-----------
Net asset value at end of
period (153,688.079
interests)............... $17,867,323 116.26
----------- -------
-----------
Change in net asset
value per interest.................... $ 8.87
-------
-------
Percentage change....................... 8.26%
-------
-------
- ------------------------------------------------------
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: Steven Weinreb
Chief Financial Officer