EFTA01453245.pdf

7 March 2014 Special Report: Russia: macro implications of increased geopolitical risk 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 httri://qm.db.corrdoeridisclosure/DisclosureDirectory.easr 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. Yaroslav Lissovolik Deutsche Bank AG/London Page 7 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0110755 CONFIDENTIAL SDNY_GM_00256939 EFTA01453245