EFTA01461174.pdf

David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Marcel Cassard Richard Smith and Steve Pollard Global Chief Operating Officer Global Head Co-Global Heads Rosearch FICC Rosearch & Global Macro Economics Equity Research Michael Spencer Ralf Hoffmann Andreas Neubauer Steve Pollard Regional Head Regional Head Regional Head Regional Head Asia Pacific Research Deutsche Bank Research, Germany Equity Research. Ger many Americas Research International locations Peuts.Ate Elm* A() Deulmtv 13nns, Ll t i l l : rib,' Clinik Ai.: Deutsche Bank Mace GroBe GallusstraBe 10 14 Filial° Hongkong 2-I Nagatacho Level 16 60272 Frankluit am Mem International Commerce Centre, Sanno Park Tower Corner of Hunter & Phi1Lp Sheets Germany 1 Austin Road West.Kowloco, Chiyoda-ku. Tokyo 1006171 Sydney. NSW 2000 Tel: Hong Kong Japan Australia Tel Tel: Tel: Dout&:he Bank AO lotukin r ibIlltAllt BOSE Sib; 1 Great Winchester Street 60 Wad Street London EC2N 2E0 New York, NY 10005 United Ki Nom United States of Amenca Tel: Tel: Global Disclaimer The eformarom and oproOns In this wean were papered by Deutsche Bank AG Orox o/ assume kollecilecrof "Destsdle Ba^.t1 The intormoton /wren a tel ha be reliableend Ms bean obtained trot, pubic 14404. b0.04/0 10 be rehab* (44$0,0 Bank math no represent/Mon es to the a -Gooey of completeress of sun, witormation DIutsChe Dark may Avg< In bacurnies varnaCtOM On • pr tanetaro bun Or oneness[ l e manner nanomem lo th the lee Nikon in reseed , roper, In eating.% Others wrosin Cmcbthe WO( including grategats and sales stab. near tµe a Yew Tate 0/cornmeal van trot team in the research report Comm estimates end propstoris n114 moor! 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Federal flti0004 of Germaihe Arendt ileg titer Number in South Abbe 1908003296/10) AWionel infoimatitin relieve to siecur les. over trencral prodocts Or wither CroCussee In th e report es enoltabe uteri /0/1041 The 'won may not be reprodined, drsterotted ertinsfed Of WY pens for any purpose without Contsche Panes pnor written comers Pease cite source sties enema Coproutt C 2013 Deutsc he Bent AG CONFIDENTIAL - PURSUANT TO FED. R. CRIM, P. 6(e) DB-SDNY-0 123033 CONFIDENTIAL SDNY_GM_00269217 EFTA01461174