EFTA Document EFTA01459820

We will follow up with separate emails for (1) GE Bond and (2) JPYKRW. DB's bid for your Brazil CDS protection is 445bps p.a. This equals an unwind fee payment by DB of $1,256,044. Recall you paid 491,941 to enter the trade. Original unofficial trade details: BraSov default swap with SOUTHERN FINANCIAL LLC DB Sells default protection on FEDERATIVE REPUBLIC OF BRAZIL NOTIONAL TRADE DATE IM% EFFECTIVE TERMINATION REF OB CREDIT EVENTS ISDA Definition PRICE UPFRONT FEE STANDARD TRADE HARDWIRING CLEARING HOUSE Trade details: USD 10,000,000 13-Jan-2015 1 14-Jan-2015 20-Mar-2020 BRAZIL 12.25% OF 03/30 ISIN: Failure to Pay, R, Repudiation/Moratorium 2014 205 bps per annum (COUPON: DB Receive USD 491,941 Yes Yes No 100 bps per annum) Deal Information Reference: FEDERATIVE REPUBLIC OF BRAZIL Counterparty. SOUTHERN FINANCIAL LLC Business days: LDN,NYC Business days adj: Following Notional: USD 10mm Effective date: 14-Jan-2015 Maturity date: 20-Mar-2020 Payment freq: Quarterly Pay accrued: True Curve recovery: True Recovery rate: 0.25 Deal rate: 100 Valuation date: 13-Jan-2015 Cash settled on: 16-Jan-2015 Price: 95.01670000 Principal: 498.330.00 Accrued: -6,389.00 Market Val: 491,941 Buy/Sell. Sell Day count: A/360 Repl sprd: 205 Sprd DV01: -4,576.8268824283 Frequency: O Days: 23 Day count A.1360 IR DVO1: -129 8125752157 Recovery rate: 0.4 Spreads Curve date; 13-Jan-2016 Benchmark: USD / Use flat curve Date Spread (bps) 20-Sep-2015 205.00 20441.A.2016 204Mat.2017 205.00 205.00 20-Mat-2018 205.00 20-Ma.-2019 2elen2020 zamatatin 204/w2025 205.00 205.00 205.00 209.00 Thank you, CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 120528 SDNY_GM_00266712 EFTA01459820