EFTA Document EFTA01422093

Subject: RE: Rothschild [C] From: Delores Rubin Date: Tue, 23 May 2017 09:27:05 -0400 To: Stewart Oldfield Tazia Smith Cc: Vahe Stepanian Matt Glassman Classification: Confidential Correct. Not a name DB covers and it is too much risk to take on, however we have relationships with a good number of the boutique shops that have flow in the name. This gives us an opportunity to show in something real, but that is mostly possible if we have an order in hand or at least know what side of the market he is on. Best regards, Delores Rubin {https://brandportal.intranet.db.com/img/modules/- DAWM_ logo _metallic 46x46.gif} Delores Rubin Director I Wealth Management Capital Markets Equity Trading DB Securities Inc Deutsche Bank Wealth Management 345 Park Avenue, 10154-0004 New York, NY, USA Tel. Email From: Stewart Oldfield Sent: Tuesday, May 23, 2017 9:25 AM To: Tazia Smith < Cc: Vahe Stepanian < ; Delores Rubin ct > ; Matt Glassman EFTA01422093 Subject: Re: Rothschild [C] Classification: Confidential I take it we have no interest in bidding a block for that size? Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154 Tel: Mobile: blackberry Email: Securities offered through Deutsche Bank Securities Inc. From: Tazia Smith Sent: Tuesday, May 23, 2017 09:18 AM To: Delores Rubin; 'Richard Kahn' ‹ > Cc: Stewart Oldfield; Vahe Stepanian; Matt Glassman Subject: RE: Rothschild [C] Rich - Just tried calling ou. Please call Delores directly if you have follow through on this at As team relayed, DB isn't (nor are we in touch with as agent) a marker maker on a full 100k shares. But, Delores has market color and guidance on a market if you portion out that size and can help facilitate. Remember the market closes in Paris at 11:30am. Tazia Tazia Smith Key Client Partners - US Deutsche Bank Wealth Management w. EFTA01422094 Original Message From: Delores Rubin Sent: Tuesday, May 23, 2017 07:42 AM Eastern Standard Time To: Richard Kahn; Tazia Smith Cc: Stewart Oldfield; Vahe Stepanian; Matt Glassman Subject: RE: Rothschild [C] Hello Richard, Sorry for the delayed response. I am one of the DB traders here in the US. I have been communicating with our team overseas on your inquiry. As Tazia mentioned, Rothschild is a light trading name. Our DB Institutional desk has not had any natural flow in this stock in the past few months, but a few clients that have expressed some interest in the name so we have calls out to ascertain if we might be able to put together something. The stock is currently 27.85 EUR x 27.95 EUR with only 4,000 shares that have traded. Average volume for this stock is 17,000 shares. We will be back to shortly with more insight. Best regards, Delores Rubin fhttps://brandportal.intranet.db.com/img/modules/- DAWM_ logo_ metallic 46x46.gifl Delores Rubin Director I Wealth Management Capital Markets Equity Trading EFTA01422095 DB Securities Inc Deutsche Bank Wealth Management 345 Park Avenue, 10154-0004 New York, NY, USA Tel. Email From: Richard Kahn [mailto: Sent: Tuesday, May 23, 2017 6:18 AM To: Tazia Smith < Cc: Stewart Oldfield ; Matt Glassman Subject: Re: Rothschild [C] Any update on bid ask for 100k Roth ? Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor New York, NY 10022 Phone Fax Cell ; Vahe Ste anian ; Delores Rubin On May 22, 2017, at 6:47 PM, Tazia Smith wrote: EFTA01422096 Working with our counterparts in Europe. Size / liquidity could be prohibitive for a market on that size but we will be back with color. Thanks Rich, Tazia Tazia Smith Key Client Partners - US Deutsche Bank Wealth Management w. Original Message From: Richard Kahn [ Sent: Monday, May 22, 2017 05:26 PM Eastern Standard Time To: Tazia Smith Cc: Stewart Oldfield; Vahe Stepanian; Matt Glassman Subject: Re: Rothschild [C] thank you please forward quote once received tomorrow am thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell EFTA01422097 On May 22, 2017, at 2:16 PM, Tazia Smith < > wrote: Classification: Confidential You saw it closed in France at 27.585 euros, on —16k shares today. Call you now to discuss your aftermarket objectives on 100k — I'm concerned b/a is going to be wide. From: Richard Kahn [mailto: Sent: Monday, May 22, 2017 11:09 AM To: Tazia Smith Subject: Re: Rothschild [C] thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell EFTA01422098 On May 22, 2017, at 2:07 PM, Tazia Smith < > wrote: Classification: Confidential Hi Rich — Received. Reviewing. Be back From: Richard Kahn [mailto: Sent: Monday, May 22, 2017 10:59 AM To: Tazia Smith Cc: Stewart Oldfield Subject: Fwd: Rothschild can you please provide bid ask as per email below thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell EFTA01422099 Begin forwarded message: From: Richard Kahn ‹ > Subject: Rothschild Date: May 22, 2017 at 1:56:17 PM EDT To: Vahe Stepanian ‹ > Cc: Stewart Oldfield ‹ > can you please provide a bid ask on 100,000 shares of: Rothschild & Co SCA EPA: ROTH - May 22, 5:35 PM GMT+2 27.58EUR0.12 (0.42%) thank you EFTA01422100 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell 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. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01422101 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. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. <Rothschild interday 5.22.17.pdf> 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. Please refer to https://db.com/disclosures for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01422102