EFTA01462161.pdf

David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Marcel Cassard Richard Smith and Steve Pollard Global Chief Operating Officer Global Head Co-Global Heads Research FICC Research & Global Macro Economics Equity Research Michael Spencer Ralf Hoffmann Andreas Neubauer Steve Pollard Regional Head Regional Head Regional Head Regional Head Asia Pacific Research Deutsche Bank Research. Germany Equity Research. Germany Americas Research International Locations Deutsch, Pprili AG Deutsche Bank AC Deutsche Securities Inc Deutsche Bank Place Grofio Gallo:rm.:le 10-14 Filiale Hongkong 2-11-1 Nagatacho Level 16 60272 Frankfurt am Main Internahon al Commerce Centre, Sanno Park Tower Corner of Hunter & Phillip Streets Germany 1 Austin Road West. Kowloon. Chivoda ku, Tokyo 1004171 Sydney. NSW 2000 Tel: (49)69 910 00 Hong Kong Japan Australia T& 1857) 2203 8888 Tel (811 3 5156 6770 Tel:161) 2 8258 1234 Peurselin flank 1/t) it/nth', arutsthaTihrlk &Mt:0 icKt Int I Great Winchester Street 60 Wall Street London EC2N 2E0 New York. NY 10005 United Kingdom United Slates of America Tel: (44) 20 7545 8000 Tel: I I 1 212 250 2500 Global Disclaimer The oforrrean and apnea el dlr. repo, went papared by Oenoche Bank AG or roof a off beta pollenrea 'Nacho sees TIN enlomeeton hear is Galena to lat teal* and as bon obraned from ndr - wxsatannedlaberelaW Nona Bari makes no represemaan es to the occurecy or company.. of such brormacan dada Bark Mw ante in swam tearapons. an • pecuniary ha ted Otnin#41. n • manic macs Went wan Ike n ,e tabu Mes ratios roan In edam oars wane dada La. 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P. 6(e) DB-SDNY-0124567 CONFIDENTIAL SDNY_GM_00270751 EFTA01462161