EFTA Document EFTA01446642

David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Global Chief Operating Officer Rosearch Michael Spencer Regional Head Asia Pacific Research International locations Posits.;he Bank AC: Deutsche Bank Mace Level 16 Corner of Hunter & Phillip Streets Sydney. NSW 20O0 Australia Tel: 01)2 8258 1234 Down: he Rank AC loinkin I Great Winchester Street London EC2N 2EO United Kingdom Tel: 144) 20 75458000 Global Disclaimer Marcel Cassard Global Head FICC Rosoarch & Global Macro Economics Ratf Hoffmann Regional Head Deutsche Bank Rosoarch. Germany Deulosty Rank WO Grate GallussttaBe 10.14 60272 Frankluit am Main Germany Tel: (491 69 910 00 Deutsche Bank Se:Willett . 60 Wall Street New York, NY 10005 United States of America Tel: (II 212 250 2500 Richard Smith and Steve Pollard Co-Global Heads Equity Research Andreas Neubauer Regional Head Equity Research. Gel many Filiale Hongkong International Commerce Centre, I Austin Road West.Kowloco. Hong Kong Tel 1857) 7703 8888 Steve Pollard Regional Head Americas Rosearch 2-11.1 Nagalacho Sanno Park Tower Chiyoda ku. Tokyo 100 6171 Japan Tel (81) 3 5156 6770 The efoneln and operas. in this noon were prepared by Deutsche Bank AG Of ofas snows kollecither "Onsthe Bask'I The .nformiron hewn a Sind ha be rehablirend Nth been obtains horn pubic SOUKe. D•44,00 to be FASO*. 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P. 6(e) CONFIDENTIAL DB-SDNY-0 100925 SDNY_GM_00247109 EFTA01446642