EFTA01372986.pdf

Illustrative RIN II Capital Structure — Post Refinancing Portfolio Advisor (RREEF America LLC) RIN I Ltd. reanti F:knitfre + portfOk: adminv6tratIcri (Issuer) (Portfolio Administrator RIN II LLC and Trustee) (Co-Issuer) Illustrative RIN II Post Refinancing Summary of Terms1 Illustrative Refinancing Capital Structure' Issuer III i'irilll[ III[ IIIIt IIII . RIN II Ltd. % of Capital Size Pricing' Co.Issuer • RIN II LLD Class Rating Structure (S millions) (L+bps) Portfolio Advisor • RREEF America LLC Class A (Aaal (61)% $1305) (110-125] Final Redemption Date • 12 years Reinvestment Period Up to 5 years Class B IAal [12)% 8[60) (135-155) Target Equity IRR Net target equity IRR of 12%45%2 Base Advisory Fee [15) bps per annum of the Fee Basis Amount Class C [Baal [12)% [240.275] Subordinated Advisory Fee PO) bps per amen of the Fee Basis Amount Incentive Fee Hurdle 11% Equity IRR Equity [RR] [151% 4751 Incentive Advisory Fee 20% after exceeding the Incentive Fee Hurdle (1) Preliminary and subject to material change. Actual capital structure. transaction size, class sizes, rating levels and coupons of a Refinancing will be established at the time of a Refinancing and may differ materially from those presented herein. (2) Indicative based upon current market conditions that may change. There is no guarantee that the objective will be achieved. Deutsche Asset Management Infrastructure Debt Presentation: RIN II Equity March 2018 25 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0066936 CONFIDENTIAL SDNY_GM_00213120 EFTA01372986