EFTA01454588

RRP73 - Elysium The Energy Efficiency Retrofit Market Studies indicate that in the U.S. alone, between $270bn and $520bn of capital may be needed over the next six years to make buildings more energy efficient' Potential Investment Requirements: Approximately $520bn of potential project activity through 2020' Industrial: $113bn Residential: $229bn Commercial: S125bn Combined Heat and Power (CH P}: $56bn (across all sectorsinot broken out below) Potential Energy Savings: Approximately 9,100 trillion BTUs of related savings through 2020' Industrial 40% of BTU savings • Non energy- intensive industry processes • Enetgyontensave industry processes Energy supped systems 35% of BTU savings Residential 41% 3.160 Trillion BTUs • Lighting and major appliances • Electrical devices and small appliances • New homes - Existing low- income homes Commercial 34% •Communry infrastmclura •Office and non- commercial 2,290 equipment Trillion BTUs New private buildings 25% 16% Government buildings Existing non-low Existing 'emote income homes buildings • Source. °BOCA Research fan affiliate of Deutsche Bank). 2012, 'unlocking energy efficiency in the U.S economy', McKinsey & Co.. July 2009 A significant portion of these opportunities will not fit the Partnership's strategy. may be taken up by competitors or may otherwise be unavailable to the Partnership The Partnership will fund new retrofit projects over a four-to-five year "commitment period.' which is shorter than the six-year period covered by these studies (which means that certain opportunities may arise after the date on which the Partnership may be permitted to pursue them) Deutsche Asset RREEF Retrofit Partners, L.P. For U.S. Person Clients of the U.S /Americas Key Client Partners Desk Only t Wealth Manacrt- June 2014 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 112795 SDNY_GM_00258979 EFTA01454588