EFTA01454634

RRP72 - Southern Financial Appendix E: Potential Building Ratings Benefits Comprehensive retrofit projects of the type being targeted by the Partnership may result in certain green ratings improvements for the host building, which may create an additional incentive for a building owner to pursue a retrofit project with the Partnershipl 2 1 Rating Program US Department of Energy Energy Star or European Energy Performance Certificate Ratings Green Building Certification Programs Global Real Estate Sustainability Benchmark (GRESB) Potential Ratings Impact • Targeted energy savings from a typical retrofit project' (expected to be +25%) may improve Energy Star or Operational EPC ratings by a corresponding amount (+25%). • Typical retrofit project upgrades may increase the likelihood of achieving Green Building Certifications. • For USGBC LEED Existing Building program, potential point enhancement of 15-25 points out of 30 required for certification. Other Benefits • Improvements may allow access to higher-value tenants. For example, US Federal Government requires high energy star scores prior to considering a property for lease. • May enable building to meet regulatory requirements for disclosure of ratings. Perceived market value can be improved due to high performance on ratings. • Assists building in meeting program certification pre- requisites, which are minimum thresholds, such as having an Energy Star score greater than 60% to even apply for a LEED Rating. • Improvements from a typical retrofit • Potential for roll-out of ESA strategy across multiple project are expected to improve ratings buildings in a portfolio could broadly improve GRESB components for multiple survey sections. scores. The Partnership will compete for project opportunities with ESCOs. DlYs. funds. and other retrofit financing sources and. as such, there can be no assurance that a buildng owner will pursue retrofit project with the Partnership in order to achieve such ratings improvements. There can be no assurance that ratings improvements will actually occur or that the other benefits to building owners described herein wit be actually realized. 3 A project size of between S2 million and S5 million a project profile generally consistent with the type of projects being targeted by the Partnership . Deutsche Asset RREEF Retrofit Partners. L.P. For U.S. Person Clients of the U.S./Americas Key Client Partners Desk Only t W.mith June 2014 55 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0112890 CONFIDENTIAL SDNY_GM_00259074 EFTA01454634