EFTA01365018

David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International Locations Marcel Cassard Global Head FICC Research & Global Macro Economics Ralf Hoffmann Regional Head Deutsche Bank Research. Germany Richard Smith and Steve Pollard Co - Global Heads Equity Research Andreas Neubauer Regional Head Equity Research, Germany Steve Pollard Regional Head Americas Research Prete:cite Berle AO DeWitt:: Ban>, j.A.; Deutsche Bank Place GrotSeGallussuarat 10.10 Reale Hongkong 2.11.1 Nagatacho Level 16 60272 Frankfurt ant Main International Commerce Centre. Senna Park Tower Comer of Hunter & Phlllm SIFOOIS Germa 1 Austin Road West, Kowlcon, Cluyoda-ku, Tokyo 100-6171 Sydney. NSW 2000 TS: I Hal Kon Japan Australia Tel: ( Tel Tel: I (3e;tre‘: be Hank AC London LiBUILOIlt BOOK Se: anus'' Iry I Great Wnchester Street 80 Wall Street London EC2N 2EO New York, NY 10005 United Kingdom United States of America Tel:1 Global Disclaimer The eformilen end opinone Ills lean woe reopened by Deese* tint w et en* el 41 aft dela icaleclidely 'Deutsche Banal The Maudlin Nam at Wowed to be resable are has bath a:4mq from thiolg loofas aimed to be rotates Deutsche Seta notes no repretentation ea t, Me •CCiery Ce mnIWIYndcl cud, afortnenn Deutsche Bark may engage in secuniss trentactora, on • propr nary ban or otherwise, in • manner rconssient with the vow taken n tin. fourth ripen In editor% oViati nth°. ['coach* arm.. treludrg sersagnis and sales stall, my Ida • sow mai a rconsntem westhet taken in the research report OeulaChil Pare my pan 44ur. 'Omar. manager. daribolcie or adnsnemtla Of. or prove• dal •••00•110. M ETi nc4ded m Ms report for which a receive COraptnialan °boa* whose/es and peed.n in the radon conaturis the current lodgement of the author of we dote of Sot wan Rey do not neassiety reflect Po Dawns of flouttch• au. end are subpart to <hong* vnmout nonce Dumont, Bane Ns no oblation to update, rnaley or amend ma report a to otherease notify a reaps "woof et the avert that any ...onion, Ionian or *anima In forth hew., drape or eriteepdently became raxurabr Prices and ea-Robley cm, I rannal retruments are tubed. a change *Maul holies110. report • provided tor recemetional purposes only not an oda or • solicitation of an offer to buy or al erg %nomad remnants or to art <gets in any panic:Au mare water, Tango pram are .deem wpm.. and • product c• the sai ler /armor!' As • ?nal of DeAsche Bank's Malth 2010 ace-radon of BOO tank Meg.a tiCurity may be covered by mope then one analyil orthn the Onset Bah group (WI of flora ana.sos may use /wenn° enn000sopts to vanat the atiooty. en a mot the recommendations nay defer add to prat Ueda. and ...denotes efebath fray Wry wifely In August 2000., Linnaeus Bank we end • new Way waseby iratysts my choose rot to set or noncom a target price of train •lari. unit Coverage win a 1401,1 re.. In dialer, thn will toasty Goad for Told' raid stocks hang • mete cap s-nititer than most other combine* ,n as .bon or region We behave Mt cat ',ploy we Slow us to notebast use of our resources Plane yea ea wean at taper, Sodom to determine me levet once of any dock The Inencial instruments discussed m the Wort May n.14 be Sung)* for ail Mttif0.1 and Ora. 10,1 mull make Over Ow, mlOrMed mestment a:owe Stock Vins•aons can lead to Gases at • !nut of ace flatueloee and Other factors if • Ronne, instrunoM b denomnided rf a Potency other than an inyeator's currency, a Change si tractor.* rates nosy ratvenele effect the enesumert All prices ere those Curren M the all of the awn. Pang moon un4u otherwise Indiana Pre,n are soared horn loaf ekchwyes tea Reuters. Socerberg Sr. other anion Data a sourced Icon Onetche Sena and autkeet companies Pest pertonance at at avenue, instant. M P oure result Diroethe Bank ray win reseed to sawn** covenrd by the ream sal to or buy from customers on a oedipal Ps; and comae the report n debdife to trade on • propsitary bats Dermal nve ionied ore math.* namwout rats inducling, among others, marks( courterpany defeat all denary rat The appeopnareeata of Oth...wee of Mae products for use by manors dependent a the ,nveacon arm crcumeurea educing Ms tat pate on thnt regulatoryeranrornord ad the natoe oil that other ann. KIbbltes and as ouch Oreaton You'd take ape lege arc borate elves ba we enamg rmo anY tonsecton •.`4" do or "Weed tl ihn P Ance" . 't Trading n opt ow sleet.% rat tied r• not souffle for au maws Prof to boyrg oe tiling an Gaon imolai must anwr pa troractirnstcs and links of Stardardzed Options.' hub Avner thecK ocentonwonwatidObetrianac Old you ere urea, to eaves be wibeeriparese contact Deata Bank AG at • 112121150.7P0i, for • copy of the ,ndorl•M daurrere The not of loss in future. Wading and adore, foreign or domestic can be substantial A6 • mull of I:n*1%0%4*ga* of leratage oblieabl• n futures and open tradVq. banee may be 'Milted that are (plater Man the *more of furida.elloWN depot red Unless warring law ponds oehinviek till trareIclons Void to eve( uteri evout the buliethe arra pad in the mono(s non* priedicLon In the U s the fawn e earthed andkv detnbuled by Deutsche Bent Sedum.' Inc, a meter the NYSE. the NASD, PO A end SP,: In Canter?? this tern a •pproyed davits communicated by °nada &M AO Frankton rsualnoneed by"rte Brain d the Visaed Kingdom the wan is approved idslfor communcared by Deataciep Bank AG London, • tremble of all London Stock &change and regaled by the Nomad Conduct Auchady for the conduct of tweet/rem butretle 4, the UK and •••hOrded by the flei,n re• capon ia deudeutall in Hong Bong by Dessdhe Bank AG. Hong Yang Brandi. in Kona by Deotsdo Secure' Kora Co /he snort dab bard as Singapore by Noises Bank Snap,* Brands of touted.* Soodma Aso Lime; Sweepers Garth IM Raffia bay Olt-CO Sevin Tones Singapore 048683, •66. 6473 !WI). and nopents Smatteav M lh • wan am to contact Deutsche Bar* AG. Sogepore Bona or OnesChe &reunion Ala Lim ( I ngapont &wee espen of any matters rasing born or in connection we,, Ina roan Whore this neon • esueo a promulgated an Singtoore to • anon who • rot OP, IICCIWitki 'TWO, mon *meow a retstnona to las defined n the apparcable Singapore ewe and regulator.% °tenon* Bawl Stgadoni envie, or bench. Saves. /OM L Singed,' !ninth acCepts Segel resporeibilly 4a such demon Ier the contents of the nipon In Japan the report n earthed ender Mar Wooed by Cminche Sedum es Inc The rf o motion co -mined In Ow roan dO4e nod Cfll lute the Ceo,t.on el enattmeM adv CO In Australac PR& <len% Ol d *tam • copy 01 • Product Discbin SLYArent tPOSI need° to any Iran.. plOduCt reload to n mita+ li•rd tors raw Ow PDS afore Ming any dasion about weather to •Ofute the [vadat Deutsch* Bank AG Johonneebuig • intorpornad m the Feder., Republd of Gone," (seam Ragan Humber rs South Atrioa 10080:0296.101 Adch anal .mama on Mew to Patella, other financel pedals or eaten dadamd n the. report * intadebe upon reCueil nos rayon may not be niploduceO. d debuted of pubtehal by any anonfoe My purpose verlheal Oneida Bank'. poor weal contain Plane ote loofa wean car, topyritt [ 2013 Deutsche Bank AG CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0055605 SDNY_GM_00201789 EFTA01365018