From: Daniel Sabba

From: Daniel Sabba To: "jeffrey E." <[email protected]> CC: Paul Morris , Stewart Oldfield < >, Vahe Stepanian , "Ariane Dwyer" , Richard Kahn Subject: china and copper... [C] Date: Tue, 21 Jul 2015 17:22:17 +0000 Inline-Images: image001.png; image002.png; image003.png Classification: Confidential Per our chat, see below charts of SHCOMP Index and copper futures traded in the LME. SHCOMP Index over the last year • Last Price 4017.675 i I High on 06/12/15 5166.350 -9- Average 3258.705 1 Low on 07/21/14 2054.479 . . . . . . . . . . . D• Volume 50.429B d_1.— I Sep 2014 2015 SHCOMP Index (Shanghai Stock Exchange Composite Index) Daily 2IJUL2014-2IJUL201 Dec Generic 1st Copper Future in LME (LP Futures) Mar Jun 5000 4500 '017.675 3500 3000 2500 2000 50.429B Copyright'. 2015 Bloomberg Finance 21-Jul-201S 13:14 EFTA01203343 • Last Price 5468.75 T High on 07/24/14 7172.50 -9- Average 6296.97 1. Low on 07/07/15 5332.00 0 Open Interest 19578 Sep 2014 LP1 Comdty (Generic 1st 'LP' Funre) Daily 2131.11_2014-2131.11_2015 21-Jul-2015 11 14 41 Dec Comparative levels since June 10 2015 Mar 2015 Copyrighal 2015 Bloomberg Finance Jun 40000 CEBU 0 • LP1 Comdty - Last Price on 7/20/15 (R1) 5468.75 • SHCOMP Index - Last Price (R2) 4017.675 'Ns Jun 30 2015 LP1 fondly (Generic 1st 'LP' Future) Graph 14 Daily 10X1112015-2131.112015 Copyrighthi 2015 Bloomberg Finance 5200 5000 4800 4600 4400 4200 Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Tel. +1 212 454 0857 Mobile +1 917 374 4185 Email 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 EFTA01203344 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. EFTA01203345