EFTA Document EFTA01471128

Deutsche Bank Group Valuation Statement Request 182298 24 Sep 2014 SOUTHERN FINANCIAL, LLC As of 24 Sep 14 Deutsche Bank AG For Sales Inquiries Contact: Tazia Smith (Tel) +1(212)454-2889 (Email) For questions relating to this statement contact: Valuations NY (Tel) 1-212-250-2600 (Email) [email protected] SOUTHERN FINANCIAL, LLC To: Jabwcpa Gmail (Email) ,Harrybeller Gmail (Email) (Email) Pinedo (Email) ,Vahe Stepanian (Email) ,Joseph Cothron (Email) ,Amanda Kirb (Email) (Email) ,Paul Morris ,Gedeon ,Tazia Fx Rates: USD/EUR = .7814026177 Page 1 Of 2 Note:-All Values are shown from the DB Group's point of view. A negative Value therefore expresses an amount which is in your favour, while a positive amount is one which is in DB Group favour. The terms and conditions of each transaction are specified in the relevant trade Confirmation. Deutsche Bank Group ("DB") is providing the valuations set forth above as an accommodation to you solely for your own internal use. Unless expressly stated otherwise, valuations represent DB's current economic assessment of the transaction or instrument as of the date specified. DB's economic assessment is typically derived all or in part from model prices, external sources, market prices and/or DB's internal books and records prices. Valuations may be adjusted to take into account market, liquidity, credit, operational or other risks, and/or to reflect adjustments based upon our willingness to unwind all or part of your position or revenue that has been generated but not yet recognized by DB ("Premium Adjustments"). Such Premium Adjustments will generally always decline over time, as DB's appetite to unwind at a premium will generally decline over time, which will lead to lower valuations in the absence of changes in market conditions. Valuations, including those containing Premium Adjustments, may not represent the terms at which new transactions or instruments could be entered into with DB or the terms at which existing transactions or instruments could be liquidated or unwound with DB. DB may change its valuation methodology and the related adjustments and assumptions at any time, so that future valuations may be less favourable than the current ones, even in the absence of an adverse development in market conditions. Valuations based on different assumptions or calculated using other methodologies may also yield different results and any adjustments may not EFTA01471128 apply for the duration of the transaction or instrument. Any subsequent valuations provided to you will almost certainly differ from this valuation. This difference can be less favourable to you, and due to the volatility of market conditions, the size or notional amount of the decrease or increase and other factors, the differential could be substantial. DB shall not be liable for any errors or omissions made in calculating or disseminating valuations, or for any inaccuracies or flaws in the methodologies, adjustments or assumptions. DB specifically disclaims liability for any losses or damages (incidental, consequential or otherwise) that may arise from valuations that are either used or relied upon by you or any other party for any reason including, without limitation, your use of valuations in preparation of your own financial books and records. Statement ID : 182298 20140924 20140925 1 EFTA01471129 Deutsche Bank Group Valuation Statement Request 182298 24 Sep 2014 SOUTHERN FINANCIAL, LLC As of 24 Sep 14 Deutsche Bank AG SOUTHERN FINANCIAL, LLC FX - Options Trade ID 366364436/ 710423459 366364436/ 710423461 366364436/ 710423463 366364436/ 710423465 418822243/ 834462396 Counterparty SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL, LLC SOUTHERN FINANCIAL, LLC Trade Type FxEuroOpt FXOneBarOneT ouchOpt FXOneBarOneT ouchOpt FXOneBarOneT ouchOpt FxEuroOpt Trade Date Maturity Date 20-Nov-2014 21-Nov-2013 21-Nov-2013 21-Nov-2013 21-Nov-2013 12-Aug-2014 20-Nov-2014 20-Nov-2014 20-Nov-2014 12-Aug-2015 Settlement EFTA01471130 Date 25-Nov-2014 25-Nov-2014 25-Nov-2014 25-Nov-2014 14-Aug-2015 Not.Amt 1 (1,000,000.00) (21,000.00) (21,000.00) (21,000.00) 75,000,000.00 Not.Ccy 1 USD USD USD USD USD Not.Amt 2 101,000,000 0 0 0 (462,000,000.00) Not.Ccy 2 JPY JPY JPY JPY CNH Long/ Short SHORT LONG LONG LONG SHORT Option Style EUROPEAN EUROPEAN EUROPEAN EUROPEAN EUROPEAN PUT Subtotal: Total: Statement ID : 182298_20140924_20140925_1 The valuation information set forth in this statement is provided subject to the terms and conditions set forth in the notes on the cover sheet Put/ Call EFTA01471131 CALL Strike Price 101.0000 0.0000 0.0000 0.0000 6.1600 MTM(USD) (71,571.66) 278.02 171.13 104.71 (228,047.00) (299,064.80) (299,064.80) 0.00 Page 2 Of 2 EFTA01471132