Epstein Secrets

expected in '18 (+1.5% yly) as compared to 17.6 MM units for '17 (+3.0% y/y). Growth in '17 led to the first-full year above replacement demand in Western Europe. Italy and Spain realized the strongest growth, while the UK was down y/y due to Brexit. Demand is expected to realize only a marginal gain in '18

e UK was down y/y due to Brexit. Demand is expected to realize only a marginal gain in '18 with the UK again showing the biggest decline. Page 28 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0086587 CONFIDENTIAL SDNY_GM_00232771 EFTA01385303

revenue SWAM DIttICA• alsep••• oft& Diversifying internationally MPW's portfolio is primarily located in the US, with an increasing exposure to Western Europe. MPW has a target portfolio mix of 70% US to 30% Europe, though the mix may shift outside these targets periodically. By investment, the mix is cur

PW acquired CircleBath Hospital, a 28-bed acute care facility in Bath, England. from Circle Health for E28MM through a sale leaseback transaction. Deutsche Bank Securities Inc. Pogo 9 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0093208 CONFIDENTIAL SDNY_GM_00239392 EFTA01389042

ity, and the European Union along with the euro area. This political and institutional evolution has coincided with an historically long peace in Western Europe. The geopolitical freeze imposed by US and Soviet occupation during the Cold War delivered the first 45 years of peace. But for the last 25 years,

EC2N 2EQ United Kingdom Tel: (44) 20 7545 8000 Deutsche Bank AG Grote GallusstraRe 10-14 60272 Frankfurt am Main Germany Tel: (49) 69 910 00 Deutsche Bank Securities Inc. 60 Wall Street New York, NY 10005 United States of America Tel: (1) 212 250 2500 Deutsche Bank AG Filiale Hongkong International Commerce Cent