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ing CMA license. Principal place of business in Saudi Arabia: King Fahad Road, Al Olaya District. M. Box 301809, Faisaliah Tower - 17th Floor. 11372 Riyadh, Saudi Arabia. United Arab Emirates: Deutsche Bank AG in the Dubai International Financial Centre (registered no. 00045) is regulated by the Dubai
ptions) also bear the risks typical to options in addition to the risks related to rates movements. Page 12 Deutsche Bank AG/London EFTA00602244 David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Raj Hindocha Global Chief Operating Officer Research Marcel Cassard Global Head
MA license. Its principal place of business in Saudi Arabia: King Fahad Road, Al Olaya District, •. Box 301809, Faisaliah Tower - 17th Floor, 11372 Riyadh, Saudi Arabia. United Arab Emirates: Deutsche Bank AG in the Dubai International Financial Centre (registered no. 00045) is regulated by the Dubai
buted or published without Deutsche Bank's prior written consent. Copyright @ 2018 Deutsche Bank AG Deutsche Bank AG/London Page 7 EFTA00793998 David Folkerts-Landau Group Chief Economist and Global Head of Research Raj Hindocha Global Chief Operating Officer Research Anthony Klarman Global Head of Debt Res
g CMA license. Principal place of business in Saudi Arabia: King Fahad Road, Al Olaya District, P.O. Box 301809, Faisaliah Tower 17th Floor, 11372 Riyadh, Saudi Arabia. United Arab Emirates: Deutsche Bank AG in the Dubai International Financial Centre (registered no. 00045) is regulated by the Dubai
0 2015 Deutsche Bank AG consent. Please cite source when quoting. Japan. information at Deutsche Bank AG/Hong Kong Page 13 EFTA01473329 David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Raj Hindocha Global Chief Operating Officer Research Michael Spencer Regional He
n for any purpose without Deutsche Bank's prior written Copyright 0 2015 Deutsche Bank AG consent. Please cite source when 17th Floor, 11372 Riyadh, Saudi Arabia. information at quoting. Deutsche Bank Securities Inc. Page 9 EFTA01473352 David Folkerts-Landau Group Chief Economist Member
Please cite source when 17th Floor, 11372 Riyadh, Saudi Arabia. information at quoting. Deutsche Bank Securities Inc. Page 9 EFTA01473352 David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Raj Hindocha Global Chief Operating Officer Research Michael Spencer Regional He
e without Deutsche Bank's prior written Copyright 0 2015 Deutsche Bank AG consent. Please cite source when information at 17th Floor, 11372 Riyadh, Saudi Arabia. quoting. Page 10 Deutsche Bank Securities Inc. EFTA01473408 David Folkerts-Landau Group Chief Economist Member of the Group Ex
Please cite source when information at 17th Floor, 11372 Riyadh, Saudi Arabia. quoting. Page 10 Deutsche Bank Securities Inc. EFTA01473408 David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Raj Hindocha Global Chief Operating Officer Research Michael Spencer Regional He
n for any purpose without Deutsche Bank's prior written Copyright @ 2015 Deutsche Bank AG consent. Please cite source when 17th Floor, 11372 Riyadh, Saudi Arabia. information at quoting. Page 82 Deutsche Bank AG/London EFTA01476251 David Folkerts-Landau Chief Economist and Global Head of
0 5.5 Deutsche Bank AG/London Page 77 EFTA01476241 8 December 2015 World Outlook 2016: Managing with less liquidity Contacts Name Coverage David Folkerts-Landau Michael Spencer Economics Peter Hooper Torsten Slok Joe LaVorgna Mark Wall Stefan Schneider Mikihiro Matsuoka Michael Spencer Taimur Baig
purpose without Deutsche Bank's prior written Copyright @ 2015 Deutsche Bank AG consent. Please cite source when quoting. 17th Floor, 11372 Riyadh, Saudi Arabia. information at Deutsche Bank Securities Inc. Page 51 EFTA01476552 David Folkerts-Landau Chief Economist and Global Head of Rese
Please cite source when quoting. 17th Floor, 11372 Riyadh, Saudi Arabia. information at Deutsche Bank Securities Inc. Page 51 EFTA01476552 David Folkerts-Landau Chief Economist and Global Head of Research Raj Hindocha Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Re
Entities connected to both Riyadh and David Folkerts-Landau

Deutsche Bank
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United States
LOCATION
Tokyo
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Frankfurt
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Sydney
LOCATIONAndreas Neubauer
PERSONSteve Pollard
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Bloomberg L.P.
ORGANIZATIONMichael Spencer
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Malaysia
LOCATIONDeutsche Securities Saudi Arabia
ORGANIZATIONthe Qatar Financial Centre
ORGANIZATIONDeutsche Securities Saudi Arabia LLC Company
ORGANIZATIONthe Dubai Financial Services Authority
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Tower
ORGANIZATIONDeutsche Bank AG - DIFC Branch
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