EFTA01427355

Subject: Brazil CDS Update [C] From: Ariane Dwyer <fl Date: Tue, 29 Sep 2015 08:27:45 -0400 To: jeffrey E. <jeevacation@gmail.com> Cc: Daniel Sabba Ariane Dwyer Paul Morris < Stewart Oldfield Richard Kahn Classification: Confidential Jeffrey — please find below the current Brazil 5y CDS chart (i.e. on the run), which is reached its five year historical high yesterday. Per today's valuation statement (attached; as of 9/28), your MTM is + $1.629mm. Best, Ari fcid:image004.jpg@OlD0FA8F.3814F7F01 fcid:image008.jpg@OlD0FA8F.3814F7F01 Best, Ari fcid:image001.gif@O1CFF793.2D4540001 Ariane Dwyer Analyst I Key Client Partners - US EFTA01427355 Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26 New York, NY, 10154-0004 Tel. +1(212)250-3228 Email fcid:image002.gif@O1CFF793.2D4540001 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. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01427356