EFTA01456949

e e an raup a on eme SOUTHERN FINANCLAL, LLC Request 182298 As of 09 Mar 15 Deutsche Bank AG For Saba Inquirles Contact Daniel Sabb For questions relating to this statement contact Valuatons rJ> SOUTHERN FINANCIAL, LLC To: Jabwcpa Gmail (E rn, Mark Whyman (Email) Richard Kahn12 (Email) Hm./ Clentservices (Email) >Amanda Kirby (Email) Paul Morns (Email) Gedeon Pinedo (Email) Vahe Stepanian (Email) Daniel Satte (Email Ariane Dwyer (Email) fomr 2015 Page 1 Of 3 FX Faul: USD/EUR = 9220413997 • Values are shown from the DB Group's point of view. A negative Value therefore expresses an amount which is in your favour, white a positive amount is one which is in DB Group favour. The terms and condibons of each transaclion are specified In the relevant trade Confirmation. Deutsche Bank Group ("DB") is providing the valuations set forti above as an accommodation to you solely for your own intemal use. Unless expressly stated othenvise. valuations represent DB's current economic assessment of the transaction or instrument as of the date specified. [es economie assessment is typically derived all or in part from model pnces. externe' sources, market prices and/or DB's intemal books and records prices. Valuations may be adjusted to take into account market, bquidity, credit, operational or other risks, and/or to reflect adjustments based upon our willingness to unwind all or part of your position or revenue that has been generated but not yet recognized by DB ("Premium Adjustments"). Such Premium Adjustments will generally always deebne over time. as DB's appetite to unwind at a premium will generally dedine over time, which will lead to lower valuations in the absence of changes in market conditions. Valuations, including those containing Premium Adjustments, may not represent the terms at which new transactions or instruments could be entered into with DB or the terras at which existing transactions or instruments could be liquidated or unwound with DB. DB may change its valuation methodology and the related adjustments and assumptions at any time. so Mal future valuations may be less favourable than the current ones, even in the absence of an adverse development in market conditions. Valuations based on ddferent assumptions or calculated using other methodologies may also yield different results and any adjustments may not apply for the duration of the transaction or instrument. Any subsequent valuations provided to you will almost certainly differ from this valuation. This differente can be less favourable to you. and due to the volatility of market conditions, the size or notional amount of the decrease or increase and other factors. the differential could be substantial. DB shall not be lieble lor any errors or omissions made in calculabng or disseminating valuations. or for any inaccuracies or flaws in the methodologies. adjustments or assumptions. DB specifically disclaims liability for any losses or damages (incidental. consequential or otherwise) that may arise from valuations 'hat are either used or relied upon by you or any other party for any reason including, without limitation, your use of valuations in preparabon of your own financial books and records. Statement ID 182298 20150309 20150310 1 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0116301 CONFIDENTIAL SDNY_GM_00262485 EFTA01456949