Potential US Congressional Support for Iran Nuclear Deal Coupled with Saudi‑backed Weapons Sales and Deutsche Bank Lobbying

lran: US Congress will not stop nuclear deal; EU already moving forward — fast. What’s next? - P5+1 and Iran reached a deal. Big obstacle has been overcome: Enough US Senators support to ensure it can move forward. - Saudi Arabia “supports” the deal. The Saudi king was in DC last month. US has quietly promised nuclear protection and massive weapons sales. - Market implications of a deal are significant, especially for European corporates eager to get back into Iran marketplace (i.e. Italian PM Renzi already visited Tehran as has German FM). - Iran wants to build 400 four & five star hotels in next five to ten years. - But do not expect any significant oil export increase and/or sales into Iran for at least 8 — 10 months. Iran must first comply and set up systems for inspections. Deutsche Bank Francis J. Kelly Global Public Affairs francis.j.kelly@db.com exports in $ billion 140 Real GDP Growth IF Forecast percent 7 4 5 4 3 2 1 0 -] -2 -3 -4 -5 -6 caf me MENA Others m Turkey m= mg Japan & Korea g China & India mE = 2007 27008 2009 2010 2011 2012 27013 2014 Source: IIF; IMF 16 HOUSE_OVERSIGHT_026810