EFTA01451194

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 Heeds Research FICC Research & Global Macro Economics Equity Research Michael Spencer Regional Head Asia Pacific Research International Locations Ralf Hoffmann Regional Head Deutsche Bank Research, Germany 0rtitsche Bard AG Deutsche Ban, AG Deutsche Bank Place GICCall Gatlusstrafie 10-14 Level 16 60272 Frankfurt am Main Comer of Hunter & Phillip Strews Gorman Sydnoy. Sydney, NSW 2000 Australia Dtsfiticlin Ram AG k ondot: I Great Winchester Street London EC2N 2E0 Global Disclaimer fteutitche Bank Sta.1 al bra in.. 60 Wall Street New York, NY 10005 United States of America Andreas Neubauer Regional Head Equity Research, Germany Filinle Hongkong International Commerce Centre, 1 Austin Road West.Kosyloon, Hong Kong Steve Pollard Regional Head Americas Research Deutsche Securities Inc 2-11-1 Nagatacho Sanno Park Tower Chrvoda-ku, Tokyo 100-6171 Ja n ma ,*anon bed option ,n neron brapend by Detects Bs* AG co on• of ila setae (ccelocavery 'Deutsche Bank") The eforrnethon wa n. beamed to be relate, and has bath °beamed barn pair *cubes bated to be Mehl. Deutsche Ba-k makes no spementeeron se eft tete *curacy of correathemee of such nforthaton Deolech• B.-t any engage in sectaries teantutone. on • monetary bates or Olson, n • Minna 'remittent wan th• mew taken en tat reeeer.h wolf In addition. Ceara ra don Cannes Sent rtcl.thng abatable,* and San stall. 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Whey francs, products or ether, decvnird al Pm moan is antra.* upon recluse Tits span mrg nor la mproc..4 dainbuled o. publehed by arm pain for any purpmat without Dowitclw Earls poor anthem content Peale cite memo mem, choir° Uepreeght U2014 Deutsche Bone AO GRCM2014PROD031109 CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0107496 CONFIDENTIAL SDNY_GM_00253680 EFTA01451194