Richard Clement

Pebble U.S. Market Fund, L.L.C. ('Fund'), a Louisiana limited liability company, is offering a series of limited liability company units ('Units') of up to a maximum value of $100,000,000. Throughout the initial offering period, the net asset value of a Unit is $1,000.00. Units will be sold at net asset value thereafter. Pebble Management Group, L.L.C. (PMG) and additional soliciting advisors are offering the Fund's Units at a price of month-end net asset value per Unit. The offering will be conducted on a continuous basis until all Units have been sold or the Fund is closed by the commodity pool operator, Pebble Asset Management, L.L.C. (PAM), who reserves the right to close the fund prior to all units being sold. No up-front underwriting discount or commissions apply. The soliciting advisors are not required to sell any specific number of Units or dollar amount of the Fund but will use their best efforts to sell Units of the Fund. Subscription proceeds are held in a segregated account at Capital One (Bank), NA until released to the Fund. There is no minimum number of Units that must be sold for Units to be issued at the end of each month.

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