EFTA01451801

SOF Ill - 1081 Southern Financial LLC Strong track record DB SOF, DB SOF D and DB SOF II as of September 30, 20131 (USSm) DB SOF DB SOF 02 DB SOF II Total Fund vintage 2006 2010 2011 Fund size US$ 565 US$ 168 US$ 614 US$ 1,347 Invested capital 558 164 386 1,108 Capital called from investors 420 85 196 701 Unrealized value, net 296 138 242 676 Distributions to investors 485 76 20 581 Total value US$ 781 US$ 214 US! 262 US$ 1,257 Gross return on invested capital 2.07x 2.64x 1.34x 1.87x Gross IRR 32.9% 48.0% 42.2% 35.1% Net multiple (TVPI) 1.86x 2.15x 1.34x 1.75x Net distributed (DPI) 1.16x 0.90x 0.10x 0.83x Net IRR 25.3% 35.5% 32.4% 26.8% (1) Performance figures have been calculated based on the unaudited performance results of DB SOF. DB SOF D and DB SOF II as of September 30. 2013 and should be read and reviewed in conjunction =rah the 'important information" anti 'Important Performance information° sections of this presentation. The 'Important Performance IMonnation" section in particular includes. amongst other things. a description of the terms used in the tables above and sets forth important guidelines and limitations as to the performance described above. Gross returns are gross of lees. expenses and tamed interest. Net performance data reflects amounts net of expenses. fees and carried irterest. €nvestors should consult with heir own advisers as to the appropriate factors to be considered in evaluating thrs information. Past performance is not a prediction of the future performance of DB SOF. DB SOF D, DB SOF II or SOF III but is included to demonstrate the track record of the DB Secondaries team please refer to the Certain Risk Factors section. No assurance can be given that the performance of unrealized Investments has not significantly changed from the date the performance reflected herein was determined. Investments In private equity are speculative and Involve significant risks. An Investor should only Invest if the investor can withstand a total loss of Its Investment. (2) DB SOF D is a Euro denominated fund. US$ values have been converted at the September 33.2013 rate of 1.35370. Note. IRR = Internal Rate of Return: TVPI = Total Value to Paid-in Capital, DPI = Distributions to Paid-in Capital Deutsche Asset Wealth Pelanagemeni 7 CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 108615 SDNY_GM_00254799 EFTA01451801