EFTA01453680

• moo US Dividends 112 S&P 500 INDa Client Rcvs: (DBUSSDUT Perf - (3mLibor + 0.80% p.a.)] x Notional Initial Margin: 20% Index Perf = - 1)] Indicative levels as of 4/8/14. Source: DB GM Equity Derivatives. • (Enterprise Value/Net Capital Invested)/(Cash Return on Capital Invested) 5-Year Histo of CROCI US DIVIDENDS vs. S&P 500 Inedex (source: Bloombe • , as of close 4/7/14) DBUSSDUT 0:01 13 Settings 4739.30 4739.30 4739.30 . • 4739.50 3 Actions pace vs Comparative Return T1 T1 LaMar 59 llontli(s) Security Currency Price Change Total Return D'fference Annual Eq nolinfirallaiffitalall •-• 114.52% Ill 311 Ell (- CI 1, 31 SY 10, Track d Annotate . Zoom 138.03% 19 27, • No diy'dends or coupons .200 .150 .100 4.50 2009 I 2010 2011 Total Return 2012 2013 2014 Used with permission of Bloomberg Finance LP CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 111440 CONFIDENTIAL SDNY_GM_00257624 EFTA01453680