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(81) 3 5156 6770 Marcel Cassard Global Head FICC Research & Global Macro Economics Ralf Hoffmann Regional Head Deutsche Bank Research, Germany Richard Smith and Steve Pollard EFTA01473330 Co-Global Heads Equity Research Andreas Neubauer Regional Head Equity Research, Germany Steve Pollard Regiona
Group's analysts with the coverage companies specified by DSI. Some of the foreign securities stated on this report are not disclosed according to the Financial Instruments and Exchange Law of Malaysia: Deutsche Bank AG and/or its affiliate(s) may maintain positions in the securities referred to herein and may from
Tokyo Japan Tel: Marce assay Global Head FICC Research & Global Macro Economics Ralf Hoffmann Regional Head Deutsche Bank Research, Germany Richard Smith and Steve Pollard EFTA01473353 Co-Global Heads Equity Research Andreas Neubauer Regional Head Equity Research, Germany Steve Pollard Regiona
Group's analysts with the coverage companies specified by DSI. Some of the foreign securities stated on this report are not disclosed according to the Financial Instruments and Exchange Law of Japan. Malaysia: Deutsche Bank AG and/or its affiliate(s) may maintain positions in the securities referred to herein and m
okyo Japa Tel: Marcel Cassard Global Head FICC Research & Global Macro Economics Ralf Hoffmann Regional Head Deutsche Bank Research, Germany Richard Smith and Steve Pollard EFTA01473409 Co-Global Heads Equity Research Andreas Neubauer Regional Head Equity Research, Germany Steve Pollard Regiona
Group's analysts with the coverage companies specified by DSI. Some of the foreign securities stated on this report are not disclosed according to the Financial Instruments and Exchange Law of Japan. Malaysia: Deutsche Bank AG and/or its affiliate(s) may maintain positions in the securities referred to herein and m
Entities connected to both Richard Smith and the Financial Instruments

Deutsche Bank
ORGANIZATIONSteve Pollard
PERSONAndreas Neubauer
PERSON
Tokyo
LOCATION
Malaysia
LOCATION
Sydney
LOCATIONNippon
ORGANIZATIONDavid Folkerts-Landau
PERSON
Frankfurt
LOCATION
Moody's
ORGANIZATIONMichael Spencer
PERSONDeutsche Bank Research
ORGANIZATIONRalf Hoffmann
PERSONStandard & Poor's
ORGANIZATIONMarcel Cassard
PERSONChiyoda-ku
ORGANIZATION
United Kingdom
LOCATION
New Zealand
LOCATION
Kowloon
LOCATION
Tower
ORGANIZATION