EFTA Document EFTA01458582

Deutsche Asset & Wealth Management Important Information (continued) This publication contains forward looking statements. Forward looking statements include, but are not limited to assumptions, estimates, projections, opinions, models and hypothetical performance analysis. The forward looking statements expressed constitute the author's judgment as of the date of this material. Forward looking statements involve significant elements of subjective judgments and analyses and changes thereto and/or consideration of different or additional factors could have a material impact on the results indicated. Therefore, actual results may vary, perhaps materially, from the results contained herein. No representation or warranty is made by Deutsche Bank as to the reasonableness or completeness of such forward looking statements or to arty other financial information contained herein. We assume no responsibility to advise the recipients of this document with regard to changes in our views. This document was riot produced, reviewed or edited by any research department within Deutsche Bank and is not investment research. Therefore. laws and regulations relating to investment research do not apply to it. Any opinions expressed herein may diner from the opinions expressed by other Deutsche Bank departments including research departments. No assurance can be given that any investment described herein would yield favorable investment results or that the investment objectives will be achieved. In general, the securities and financial instruments presented herein are not insured by the Federal Deposit Insurance Corporation (FDIC"), and are not guaranteed by or obligations of Deutsche Bank AG or its affiliates. We or our affiliates or persons associated with us may act upon or use material in this report prior to publication. DB may engage in transactions in a manner inconsistent with the views discussed herein. Opinions expressed herein may differ from the opinions expressed by departments or other divisions or affiliates of Deutsche Bank. This document may not be reproduced or circulated without our written authority. The manner of circulation and distribution of this document may be restricted by law or regulation in certain countries. This document is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality. state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law or regulation or which would subject Deutsche Bank to any registration or licensing requirement within such jurisdiction not currently met within such jurisdiction. Persons into whose possession this document may come are required to inform themselves of, and to observe, such restrictions. Past performance is no guarantee of future results; nothing contained herein shall constitute any representation or warranty as to future performance. Further information is available upon investors request. This document contains information not intended solely for the recipients. The information has been considered in investment decisions of our asset management division. All third party data (such as MSCI, S&P & Bloomberg) are copyrighted by and proprietary to the provider. Additional information for wealth management clients: For investors in the United States: Wealth-management services are offered through Deutsche Bank Trust Company Americas (member FDIC) and Deutsche Bank Securities Inc. (member F€NRA, NYSE, SIPC), a registered broker-dealer and investment adviser which conducts investment banking and securities activities in the United States. Deutsche Bank AG, including its subsidiaries and affiliates. does not provide legal, tax or accounting advice. This communication was prepared solely in connection with the promotion or marketing, to the extent permitted by applicable law, of the transaction or matter addressed herein, and was not intended or written to be used, and cannot be relied upon, by any taxpayer for the purposes of avoiding any U.S. federal tax penalties. The recipient of this communication should seek advice from an independent tax advisor regarding any tax matters addressed herein based on its particular circumstances. Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and by the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request. C 2015 Deutsche AMA Investment GmbH. All rights reserved. R-32727-17 (9/15) 022192 100215 VVM-PUBLIC RETAIL- PUBLIC CEO Fbsil - Blecbnorke4 ariorx vi swoon Inks/ Cztoon 2, 015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0118558 CONFIDENTIAL SDNY_GM_00264742 EFTA01458582