<Page>
Alternative Investment
Strategies
WORLD MONITOR TRUST II--
SERIES E
MONTHLY REPORT/
OCTOBER 25, 2002
(Logo) Prudential Financial
<Page>
WORLD MONITOR TRUST II--SERIES E
- -------------------------------------------------------------------------------
Dear Interest Holder:
Enclosed is the report for the period from September 28, 2002 to October 25,
2002 for World Monitor Trust II--Series E ('Series E'). The net asset value of
an interest as of October 25, 2002 was $149.96, a decrease of 6.90% from the
September 27, 2002 value of $161.07. The calendar year-to-date return for
Series E was an increase of 15.99% as of October 25, 2002.
The estimated net asset value per interest as
of November 15, 2002 was $149.23. 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,
/s/ Eleanor L. Thomas
---------------------
Eleanor L. Thomas
President and Director
PRUDENTIAL SECURITIES
FUTURES MANAGEMENT INC.
Please note that the 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 September 28, 2002
to October 25, 2002
Revenues:
Realized gain on commodity
transactions..................... $ 135,297
Change in unrealized commodity
positions........................ (1,513,770)
Interest income.................... 26,132
-----------
(1,352,341)
-----------
Expenses:
Commissions........................ 95,360
Management fees.................... 31,746
Other transaction fees............. 3,485
Other expenses..................... 9,965
-----------
140,556
-----------
Net loss........................... $(1,492,897)
-----------
-----------
STATEMENT OF CHANGES IN NET ASSET VALUE
- ---------------------------------------------------
For the period from September 28, 2002
to October 25, 2002
Per
Total Interest
----------- --------
Net asset value at
beginning of period
(123,587.341
interests)............... $19,905,819 $ 161.07
Contributions.............. 1,993,900
Net loss................... (1,492,897)
Redemptions................ (78,910)
-----------
Net asset value at end of
period (135,556.025
interests)............... $20,327,912 149.96
-----------
-----------
--------
Change in net asset value per
interest.............................. $ (11.11)
--------
--------
Percentage change....................... (6.90)%
--------
--------
- ------------------------------------------------------
I hereby affirm that, to the best of my knowledge and belief, the information
contained herein relating to World Monitor Trust II--Series E is accurate and
complete.
PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC.
/s/ Steven Weinreb
------------------
by: Steven Weinreb
Chief Financial Officer