EFTA01446642.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 Rosoarch & Global Macro Economics Equity Research Michael Spencer Ratf Hoffmann Andreas Neubauer Steve Pollard Regional Head Regional Head Regional Head Regional Head Asia Pacific Research Deutsche Bank Rosoarch. Germany Equity Research. Gel many Americas Rosearch International locations Posits.;he Bank AC: Deulosty Rank WO Deutsche Bank Mace Grate GallussttaBe 10.14 Filiale Hongkong 2-11.1 Nagalacho Level 16 60272 Frankluit am Main International Commerce Centre, Sanno Park Tower Corner of Hunter & Phillip Streets Germany I Austin Road West.Kowloco. Chiyoda ku. Tokyo 100 6171 Sydney. NSW 20O0 Tel: (491 69 910 00 Hong Kong Japan Australia Tel 1857) 7703 8888 Tel (81) 3 5156 6770 Tel: 01)2 8258 1234 Down: he Rank AC loinkin Deutsche Bank Se:Willett . I Great Winchester Street 60 Wall Street London EC2N 2EO New York, NY 10005 United Kingdom United States of America Tel: 144) 20 75458000 Tel: (II 212 250 2500 Global Disclaimer The efoneln and operas. in this noon were prepared by Deutsche Bank AG Of ofas snows kollecither "Onsthe Bask'I The .nformiron hewn a Sind ha be rehablirend Nth been obtains horn pubic SOUKe. D•44,00 to be FASO*. 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Dann sum, Bank AG, S logien Or DM KM SOCUOIMS An Lined. Ernes Branch accepts sagal COSISOnCbeily to suds Patton for the Cason or Ins rapon Is Japan the repot is OSISC0.00 41,41Sls OlOsPtsAtsa by Dedorne Sense inc The win Pinion contends One nth *As nOlConstiut• the Orodoon N inrestmem erne In Aunties Wel clods sheik, Wirth • COpy ol a PMCIA1 OsPone Statement I POSt stiatPSD 10 any IcsInCLO product referred re in thy report are Consider the PDS tallaft I/WOW any COCO pon about Anne lo wince the Padua, Deutsche Bye AG Johnesthig it ssOSOPSCatOO nine Federal Ann: of Gentry Arend, Peg Yet Number in South Alma. 1908003206/101 Malone Wynn relieve to swan. Miter Wonal products n *sups dressed In the ream/log(414We upth staauSt The repos The not be OlcOduttO. Urn/Dad Ce OttinhaS by WY Paeans, for env purpose shout Dean Conk'. nor nee. cower! Pease cite soma shy oaths Coperoth C 2013 Deutsche Beni AG CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 100925 CONFIDENTIAL SDNY_GM_00247109 EFTA01446642