EFTA01388483

From: Liam Osullivan Sent: 7/25/2018 8:13:42 AM To: Paul Barrett CC: Martin Zeman Subject: RE: Naspers Classification: Confidential : Davide-A Sferrazza ; Stewart Oldfield I Good morning, Naspers has hit a high of 341,990 so far today. NPN SJ ZAr 1, 332900.00 -9090 J332821.00 / 333142.001 148 x 79 Thank you, Liam Liam O'Sullivan AVP I Key Client Partners - US DB Securities Inc Deutsche Bank Wealth Management 345 Park Avenue, 10154.0004 New York, NY, USA Tel. +1 212 454-0453 Email , Xavier Avila KCP products and services are intended and available only for persons who are sophisticated institutional investors within the meaning of the RIVRA Rule 4512(C)(3). and who are capable of evaluating the strategies. characteristics and investment risks of and exercising independent judgment in evaluating. the ideas and products discussed herein. Trades and transactions are subject to relevant internal approvals of DM! or its affiliates prior to execution. and the execution of any transaction or idea discussed herein is conditional on your becoming a client of Deutsche Bank. Key Client Partners (KCP) products, investment ideas and solutions and related matters discussed herein are provided for discussion purposes only, and strictly on a non- advisory basis. The KCP Americas desk does not provide investment ad✓ice. The information set forth herein is confidential and personal to you and is being presented for your information and for discussion purposes only. My reproduction andror redistribution thereof (in whole or in part) or disclosure of its content without our written consent is strictly forbidden. This communication does not create any legally binding obligation on the part of DBSI or any of ifs affiliates. From: Liam Osullivan Sent: Tuesday, July 24, 2018 2:26 PM To: 'Paul Barrett' < Cc: Martin Zeman < >; Davide-A Sferrazza >; Xavier Avila >; Stewart Oldfield Subject: Naspers [CI Classification: Confidential Paul, We are working on order overnight to sell 2,000 Naspers Limited Ltd. at 342,000 ZAr. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092052 CONFIDENTIAL SDNY_GM_00238236 EFTA01388483