EFTA01747109

From: Daniel Sabba To: "Jeffrey E." <jeevacation .com> Cc: Vahe Stepanian Subject: I am calling you, but wanted to send you the following illustration. [CI Sent: Friday, February 6, 2015 2:54:19 PM imaqe002.jpq Classification: Confidential The red dot is when you entered the trade. The current level represents the 98.7% percentile since 2000. Annualized trailing sday average realized volatility of CL1 Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA_R1_00041302 EFTA01747109