EFTA01452997

David Fo!kens-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International locations Marcel Cassard Global Head FICC Research & Global Macro Economics Ralf Hoffmann Regional Head Deutsche Bank Research. Germany Richard Smith and Steve Pollard Co-Global Heads Equity Research Andreas Neubauer Regional Head Equity Research. Germany Steve Pollard Regional Head Americas Research Dimitschit Sant. AC, Deutsche Bank Place Stolle Gallusstrage 10-t4 bleiC E13111, AC Filiale Hongkong D812111,:103 UMINSE Inc 2-11-1 Nagatacho Level 16 60272 Frankfurt am Main International Commerce Centre, Sanno Park Tower Corner of Hunter & Phillip Streets German I Austin Road West.Koialoco, Chiyoda-ku. Tokyo 100-6171 Sydney. NSW 2000 Tot Hong Kong Japan Tel: Tel: Thal Deutsche Rant, AG London Deuische Rani. Siscirritim les I Great Winchester Street London EC2N 2ECI United KI dom Tel Global Disclaimer The eloerrholoon and operonk rn Mt neon were pealed by Deutsche Baer AG el one of as /flees Kollecifing 'Deutsche Bee f ) The inforannon hewn es belted to be (dab* and has been are how public lodges belted to be reriabg DodscnaBonit Finalises no repntereaten as to the ...cautery co compµwu of such information [munch. limit miry &papa in wcunies hernia ions, on • top eery bent or otheavese. ma manner intionnient rah OW Wen 141044 m 1114 research won In widow; others wrizun 0404414 Beck including ernes and mei nab. may taker. were the • Aconntere wdh the taken me rested neon 04 1444. einanees and mead ens n Ina noon constitute the current a-dge rant oe the ogler a* cif Ow ben ol 0,6 non They do not neciesuolz relied the 041014.4 of NOWn e..nk rod we tubed to thanee without notice Deutsche Bent het no obagetren to COM*, mealy or 4TV* N5 repen or to ollervese nth • tecipere thereof n the 44444 that any cream lowest or intense set forth htfltill. 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P. 6(e) CONFIDENTIAL DB-SDNY-0110361 SDNY_GM_00256545 EFTA01452997