EFTA01451129

JE Meeting -January 10, 2014 I. Your Deutsche Bank Key Client Partners (KCP) Global Investment Team - Delivering the Institution (Paul & Tazia) Key Client Partners (KCP) — Your Global Capital Markets Team: Caroline Kitidis is the Head of Key Client Partners Americas (US and Latam). Her team is comprised of 8 senior sales professionals, 8 junior sales professionals and a support team. Sister desks are situated in Singapore, London, and Zurich/Geneva. Through KCP, Key Clients of Deutsche Bank receive global coverage across Capital Markets, Private Markets, Structured Credit, and Alternative Investments. Your Global Capital Markets Team Includes: Vinit Sahni - Global Head of Key Client Partners Capital Markets [London] Nav Gupta - former global macro trader with Citadel(?) (London) Vanshree Verma — formerly fixed income research [London] Roger Pocsh — [Zurich) Tazia Smith — [New York] Raphael Zagury — [Lataml Luis Chavez — [Latam] Bobby Abraham — [Singapore) Ed Lam — (Hong Kong] Apurva Gupta — [Mumbai) Delivering the Institution: In addition to their own experience and cross-asset expertise, your KCP Capital Markets Team delivers the best thinking and implementation solutions from across the entire firm — both the Institutional side of DB (Corporate Bank & Securities, CB&S) and the asset management side of the firm (Asset & Wealth Management): FX — Number 1 in FX trading, dominate —1/3 of the - $4tn FX market [Faraz Munaim, CB&S FX Sales; Caleb David, Head of AWM FX Sales; Bilal Hafeez, George Saravelos, and global team, DB FX Strategists] Equities— Leverage the analysts/strategists within DB Global Markets Research division, Traders, and Equity Capital Markets (Joe Spinelli, CB&S Equity Strategy; Brian Rigney, ECM; Frank Wendels, ECM) Equity Derivatives — Greg Kuppenheimer (CB&S US), Andy Yaeger (structured lending) Bonds — High Yield, Municipal [PMs, Credit Analysts, Traders within Asset Management] Asset-Backed/Mortgages — Sales/trading/structuring within CB&S Structured Credit — DB Expertise globally, extensive team of structurers and traders in US — bespoke investment and financing solutions Distressed — DB Expertise in US, smaller team than the past, but still members whom have been here through crisis [Phil Giordano] Alternative Investments — Real estate [individual assets, debt, co-mingled accounts, REEF), hedge fund derivatives [AFS] Private Markets — KCP mandate, originated from across CB&S, AWM and from within client base II. Outlook into 2014 [Tazia & Vinit] (1) Selective Equities . Bullish global equities, be selective. After a year of Beta, favor Alpha, equity long/short, and relative value. Sectors: Bullish global financials, bullish Tech (anticipate cap-ex /enterprise spend, valuation) CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 107365 CONFIDENTIAL SDNY_GM_00253549 EFTA01451129