EFTA01437503

Subject: RE: Naspers [C] From: Liam Osullivan ‹ > Date: Wed, 25 Jul 2018 08:13:42 -0400 To: Paul Barrett Cc: Martin Zeman Davide-A Sferrazza Xavier Avila Stewart Oldfield Classification: Confidential Good morning, Naspers has hit a high of 341,990 so far today. NPN SJ ZAr t 332900.00 -9090 J332821.00 / 333142.00J 148 x 79 Thank you, Liam {https://brandportal.intranet.db.com/img/modules/logo.gif} Liam O'Sullivan AVP I Key Client Partners - US DB Securities Inc Deutsche Bank Wealth Mana ement Tel. Email KCP products and services are intended and available only for persons who are sophisticated institutional investors within the meaning of the FINRA Rule 4512(C)(3), and who are capable of evaluating the strategies, characteristics and investment risks of, and exercising independent judgment EFTA01437503 in evaluating, the ideas and products discussed herein. Trades and transactions are subject to relevant internal approvals of DBSI 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 advice. The information set forth herein is confidential and personal to you and is being presented for your information and for discussion purposes only. Any reproduction and/or 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 its affiliates. From: Liam Osullivan Sent: Tuesday, July 24, 2018 2:26 PM To: 'Paul Barrett' Cc: Martin Zeman ; Xavier Avila Subject: Naspers [C] Classification: Confidential Paul, ; Davide-A Sferrazza HIIIIIII ; Stewart Oldfield We are working on order overnight to sell 2,000 Naspers Limited Ltd. at 342,000 ZAr. Thank you, Liam EFTA01437504 {https://brandportal.intranet.db.com/img/modules/logo.gif} Liam O'Sullivan AVP I Key Client Partners - US DB Securities Inc Deutsche Bank Wealth Mana ement Tel. Email KCP products and services are intended and available only for persons who are sophisticated institutional investors within the meaning of the FINRA 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 DBSI 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 advice. The information set forth herein is confidential and personal to you and is being presented for your information and for discussion purposes only. Any reproduction and/or 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 its affiliates. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01437505