EFTA01449256

28 February 2013 Exchange Rate Perspectives Deutsche Bank Currency Forecasts Industrialized Countries • sia Spot Currency Rate 3M 6M 12M Currency Spot Rate 3M 6M 12M US $ Exchange Rates China CNYAJSD 6.23 6.25 6 20 612 U.S. DB US$ Index 69 69 71 73 (Fwd. Rates) - 6.24 6.25 6.27 Hong Kong HKONSD 7.76 7.77 7 80 7 80 Euro US$/Euro 1.31 1.30 1 25 1.20 (Fwd. Rates) - 7.75 7.75 7.75 (Fwd. Rates) 1.31 1.31 1.31 India INRNSCI 53.7 53.5 53.2 51.5 Japan Yen/US$ 92 96 98 100 (Fwd. Rates) 92 92 92 (Fwd. Rates) - 54.6 55.4 57.0 U.K. USS/E 1.51 1.49 1.45 1.41 Indonesia IDRNSD 9,686 9,950 9,900 9,850 (Fwd. Rates) 1.51 1.51 1.51 (Fwd. Rates) - 9,753 9,863 10,101 Canada C$NSS 1.03 098 0.98 1.00 Malaysia MYRNSO 3.10 3.07 3 05 3 02 (Fwd. Rates) 1.03 1.03 1.03 (Fwd. Rates) - 3.12 3.13 3.16 Australia US$/A$ 1.02 1.04 1.02 1.00 Philippines PHPNSD 40.7 40.4 39.9 39.3 (Fwd. Rates) 1.01 1.01 0.99 (Fwd. Rates) • 407 40.7 40.8 N.Z. US$/NZ$ 0.82 0.83 0.82 0.80 Singapore SGONSO 1.24 1.21 1.21 1 20 (Fwd. Rates) 0.82 0.81 0.80 (Fwd. Rates) • 1.24 1.24 1.24 Switzerland StrNSS 0.93 0.96 1.00 1.00 South Korea KRWNSD 1,085 1,075 1O50 1,040 (Fwd. Rates) 0.93 0.93 0.93 (Fwd. Rates) • 1.091 1,096 1,103 Taiwan TVVD/USO 29.7 29.2 28.5 28.3 Euro Cross Rates (Fwd. Rates) • 29.6 29.5 29.3 Japan Yen/Euro 120 125 123 120 Thailand THB/USD 29.8 30.0 30.0 30.0 (Fwd. Rates) 120 120 120 (Fwd. Rates) - 30.0 30.1 30.3 U.K. C/Euro 0.87 0.87 0.86 0.85 irs,r,,n , teto.+5 (Fwd. Rates) 0.87 0.87 0.87 Switzerland Sfr/Euro 1.22 1.25 1.25 1.25 Emerging Europe (Fwd. Rates) 1.22 1.22 1.22 Spot 3M 8M 12M Norway N kr/Euro 7.48 7.30 7.20 7.10 Currency Rate (Fwd. Rates) 7.51 7.54 7.61 Czech Rep orunaturo 25 6 25.0 24.5 13 Sweden Skr/Euro 8.45 8.20 8.10 8.00 (Fwd. Hates) 25.6 25.6 25.6 (Fwd. Rates) • 8.47 8.49 8.54 KorunaNS$ 19.6 19.2 19.6 19.8 is, clueroxr. bhurnturohNoolfr. D9 %inv..= O-wd. Hates' 19.6 196 195 Hungary Forint/Euro 296 280 280 280 (Fwd. Hates) 299 302 306 ForintNS$ 226 215 224 233 (Fwd. Hatesl 228 230 233 Latin America Poland Zloty/Euro 4.16 4.06 3.96 3 80 Spot 3M GM 12M (Fwd. (idlest 4.20 4.24 4.30 Currency Rate Zloty/US$ 3.18 3.12 3.17 3.17 Argentina ARSNSC 504 5.18 5.50 610 (Fwd. Palest 3.21 3.23 3.27 (Fwd. Rates) 4.63 4.87 5.33 Russia Ruble/US$ 30.6 30.5 30.5 30.6 Brazil BRLNISD 1.98 1.95 2.00 2.05 (Fwd. Hates) 30.3 30.9 31.5 (Fwd. Rates) - 2.00 2.03 2.08 Turkey Lira/USS 1 80 1.80 1.80 1.85 Chile CLPNSD 473 476 490 505 (Fwd. Hatesl 1.82 1.84 1.88 (Fwd. Rates) 480 485 495 South Africa Rand/US$ 8.86 8.70 8.50 8 40 Colombia COPNSD 1.814 1,770 1.750 1.745 (Fwd. Hates) - 8.98 9.08 9.30 Sane Aga" wawa &teeter) Ana" tP. as sores, (Fwd. Rates) 1,828 1.840 1,867 Mexico h/O<NN SD 12.8 12.7 12.6 12.2 (Fwd. Rates) 12.9 13.0 13.2 lastree, P..Aerf naT.'e'jTnn LP Ga Meran, Deutsche Bank AG/London Page 3 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0104591 SDNY_GM_00250775 EFTA01449256