From: Ariane Dwyer <1

From: Ariane Dwyer <1 To: "Jeffrey E." <[email protected]> Moms Stewart Oldfield , Richard Kahn , Ariane Dwyer , Paul CC: Daniel Sabba Subject: Brazil CDS Update [C] Date: Tue, 29 Sep 2015 12:27:45 +0000 Attachments: 182298 20150928 20150929_I.pdf Inline-Images: image00 1 jpg; image002.jpg; image003.gif; image004.gif Classification: Confidential Jeffrey — please find below the current Brazil Sy CDS chart (i.e. on the run), which is reached its five year historical high yesterday. Per today's valuation statement (attached; as of 9/28), your MTM is +$1.629mm. Best, Ari EFTA00661784 Fr lh 10/02/15 10/01/15 Fr 1h 09/11/15 09/10/15 ant. 400.000 Fr 390.500 111 08/21/15 08/20/15 tast mice 332.000 329.000 we 09/30/15 We 09/09/15 372.000 we 08/19/15 320.000 Tu 09/29/15 532.500 Tu 09/08/15 374.000 Tu 08/18/15 312.000 M0 09/28/15 11 09/07/15 140 08/17/15 Et 09/25/15 494.000 h 09/04/15 382.000 Fr 08/14/15 305.000 1h 09/24/15 483.000 lh 09/03/15 369.000 Th 08/13/15 309.000 We 09/23/15 481.000 We 09/02/15 378.000 we 08/12/15 303.000 Tu 09/22/15 465.000 In 09/01/15 367.000 Tu 08/11/15 308.000 Mr, 09/21/15 428.000 Ile 08/31/15 351.000 Mo astions 318.000 li 09/18/15 398.000 Fr 08/28/IS 332.500 Fr 08/07/15 332.000 Th 09/17/15 379.500 Th 08/27/15 340.500 Th 08/06/15 332.000 We 09/16/15 374.000 we 08/26/15 350.500 We 08/05/15 305.000 To 09/15/15 381.000 Tu 08/25/15 346.000 In 08/04/15 304.000 M0 09/14/15 398.500 M0 08/24/15 364.000 Me 08/03/15 301.000 Best, Ari Ariane Dwyer Analyst I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset 8, Wealth Management 345 Park Avenue, 26 New York, NY. 10154-0004 Tel. +11212 51: 28 Email Panderpcfr Pei-few», 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. EFTA00661785