From: Jeffrey Epstein <[email protected]>

From: Jeffrey Epstein <[email protected]> To: Matthew ()Connor Subject: Re: Oil update [C] Date: Wed, 09 Apr 2014 16:10:13 +0000 Inline-Images: image002.jpg; image001.gif yhnks On Wed, Apr 9, 2014 at 12:04 PM, Matthew OConnor < wrote: Classification: Confidential Good morning. DOE stats came out this morning and with a draw of 5mm barrels of gasoline, WTI rallied. The collar is now trading at $2.40 with June 14 WTI trading at $102.20 From: Matthew (Connor Sent: Tuesday, April 08, 2014 12:45 PM To: Matthew OConnor; [email protected] Cc: Tazia Smith; Paul Morris; Jahn Bindal Subject: RE: Oil update [C] Classification: Confidential Oil just popped. A couple of factors, the DOE short term report cut OPEC spare capacity projections and also cut non-OPEC production estimates. We have rallied up to $101.53 in M4 (up nearly .80 from this morning). The collar is now trading at $2.00 Thanks, Matt I Matthew O'Connor Managing Director I Commodity Investor Sales EFTA01197284 Deutsche Bank AG From: Matthew ()Connor Sent: Tuesday, April 08, 2014 7:57 AM To: Matthew OConnor; [email protected] Cc: Tazia Smith; Paul Morris; Jahn Bindal Subject: RE: Oil update [C] Classification: Confidential Good morning Jeffrey — We are trading very similar to where we were Friday morning after this morning's large rally. M4 WTI is trading $100.74 and the 93.5/101 collar is now worth $1.55 again. You can see the decay kicking in a bit as we are 12c higher in flat price, but the option is worth the same as Friday. To give you a sense, the collar closed yesterday (before the big rally) at $1.10. Thanks, Matt From: Matthew ()Connor Sent: Friday, April 04, 2014 10:40 AM To: Cc: Tazia Smith; Paul Morris; Jatin Bindal Subject: Oil update [C] Classification: Confidential Jeffrey — Good morning. Post payrolls, WTI has rallied about 1%. Your M4 93.5/101 collar is now worth $1.55 with M4 WTI trading at $100.62. EFTA01197285 The equity rally is fading a bit and to be honest, expecting a soft commodity close as well going into the weekend. Thanks, Matt Matthew O'Connor Managing Director I Commodity Investor Sales c—c.. Share Leader Grand Slam! For the fourth year running, Deutsche Bank ranks No 1 in Overall US Fixed Income, according to the industry benchmark client study by Greenwich Associates, 2013. Possitna.fr Perfarm. 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. *********************************************************** The information contained in this communication is EFTA01197286 confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01197287