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I July 2014
Early Morning Reid: Macro Strategy
Appendix 1
Important Disclosures
Additional information available upon request
For disclosures pertaining to recommendations or estimates made on securities other than the primary subject of this
research, please see the most recently published company report or visit our global disclosure look-up page on our
website at http://am.dbeern/aer/clisclosure/DisclosureDirectoty.ensr
Analyst Certification
The views expressed in this report accurately reflect the personal views of the undersigned lead analyst(s). In addition,
the undersigned lead analyst(s) has not and will not receive any compensation for providing a specific recommendation
or view in this report. Jim ReidMick Burns/Anthony 1p
Deutsche Bank AG/London Page 7
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0112674
CONFIDENTIAL SDNY_GM_00258858
EFTA01454524
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