EFTA01462153.pdf

26 August 2014 Data Flash: ECB: Private OE in September 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.db.Comicier/clisclosure/DisclosureDirectory.ectsr 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. Mark Wall/Gilles Moec Page 4 Deutsche Bank AG/London CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0124553 CONFIDENTIAL SDNY_GM_00270737 EFTA01462153