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Level t6 60329 Frankfurt am Main International Commerce Centre, Sanno Park Tower Corner of Hunter & Phillip Streets Germany 1 Austin Road West,Kowloon, Chiyoda-ku, Tokyo 100-6171 Sydney, NSW 2000 Tel: (49) 69 910 00 Hong Kong Japan Australia Tel: (85212203 8888 Tel: (81)3 5156 6770 Tel: OH
set by Deutsche Bank's equity analysts are based on a 12-month forecast period.. Korea: Distributed by Deutsche Securities Korea Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Singapore: This report is issued by De
rk, NY 10005 United States of America Tel: (1) 212 250 2500 Deutsche Bank AG Filiale Hongkong International Commerce Centre, 1 Austin Road West,Kowloon, Hong Kong Tel: (852) 2203 8888 Deutsche Securities Inc. 2-11-1 Nagatacho Sanno Park Tower Chiyoda-ku, Tokyo 100-6171 Japan Tel: (81) 3 5156
relating to any financial product referred to in this report and consider the PDS before making any decision about whether to acquire the product. Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Additional information relative to sec
rk, NY 10005 United States of America Tel: (1) 212 250 2500 Deutsche Bank AG Filiale Hongkong International Commerce Centre, 1 Austin Road West,Kowloon, Hong Kong Tel: (852) 2203 8888 Deutsche Securities Inc. 2-11-1 Nagatacho Sanno Park Tower Chiyoda-ku, Tokyo 100-6171 Japan Tel: (81) 3 5156
d by Deutsche Bank AG, Hong Kong Branch. Korea: Distributed in by Deutsche South jurisdiction. Securities Korea Africa: Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number 1998/003298/10). Singapore: by Deutsche Bank AG, Singapore Branch or D
Inc 60 Wall Street New York, NY 10005 United States of America Tel: Deuts Filiale Hongkong International Commerce Centre, 1 Austin Road West,Kowloon, Hong Tel: Deutsche Securities Inc. 2-11-1 Nagatacho Sanno Park Tower Chiyoda-ku, Tokyo Japan Tel: Marce assay Global Head FICC Research
ong: Distributed by Deutsche Bank AG, Hong Kong Branch. Korea: Distributed in by Deutsche South Securities Korea Africa: Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number 1998/003298/10). Singapore: by Deutsche Bank AG, Singapore Branch or D
0 Wall Street New York, NY 10005 United States of America Tel: Deutsche an< Filiale Hongkong International Commerce Centre, 1 Austin Road West,Kowloon, HongliiiiIIIIIIIIIIII Tel: Deutsche Securities Inc. 2-11-1 Nagatacho Sanno Park Tower Chiyoda-ku, Tokyo Japa Tel: Marcel Cassard Global He
ong: Distributed by Deutsche Bank AG, Hong Kong Branch. Korea: Distributed in by Deutsche South Securities Korea Africa: Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number 1998/003298/10). Singapore: by Deutsche Bank AG, Singapore Branch or D
rk, NY 10005 United States of America Tel: (1) 212 250 2500 Deutsche Bank AG Filiale Hongkong International Commerce Centre, 1 Austin Road West,Kowloon, Hong Kong Tel: (852) 2203 8888 Deutsche Securities Inc. 2-11-1 Nagatacho Sanno Park Tower Chiyoda-ku, Tokyo 100-6171 Japan Tel: (81) 3 5156
g: Korea: Distributed Distributed in by Deutsche Bank AG, Hong Kong Branch. by Deutsche South Securities Africa: Korea Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number 1998/003298/10). Singapore: by Deutsche Bank AG, Singapore Branch or D
rk, NY 10005 United States of America Tel: (1) 212 250 2500 Deutsche Bank AG Filiale Hongkong International Commerce Centre, 1 Austin Road West,Kowloon, Hong Kong Tel: (852) 2203 8888 Deutsche Securities Inc. 2-11-1 Nagatacho Sanno Park Tower Chiyoda-ku, Tokyo 100-6171 Japan Tel: (81) 3 5156
ong: Distributed by Deutsche Bank AG, Hong Kong Branch. Korea: Distributed in by Deutsche South Securities Korea Africa: Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number 1998/003298/10). Singapore: by Deutsche Bank AG, Singapore Branch or D
rk, NY 10005 United States of America Tel: (1) 212 250 2500 Deutsche Bank AG Filiale Hongkong International Commerce Centre, 1 Austin Road West,Kowloon, Hong Kong Tel: (852) 2203 8888 Deutsche Securities Inc. 2-11-1 Nagatacho Sanno Park Tower Chiyoda-ku, Tokyo 100-6171 Japan Tel: (81) 3 5156
relating to any financial product referred to in this report and consider the PDS before making any decision about whether to acquire the product. Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Additional information relative to sec
Entities connected to both Kowloon and Deutsche Bank AG Johannesburg

Frankfurt
LOCATION
Deutsche Bank
ORGANIZATION
Tokyo
LOCATIONAndreas Neubauer
PERSONSteve Pollard
PERSON
Sydney
LOCATIONDavid Folkerts-Landau
PERSONthe Kanto Local Finance Bureau
ORGANIZATIONMichael Spencer
PERSON
United Kingdom
LOCATIONChiyoda-ku
ORGANIZATIONthe Federal Republic of Germany
LOCATIONBaFin
ORGANIZATIONDeutsche Securities Inc.(DSI
ORGANIZATION
Moody's
ORGANIZATIONNippon
ORGANIZATIONRalf Hoffmann
PERSONDeutsche Bank Research
ORGANIZATIONMarcel Cassard
PERSONRaj Hindocha
PERSON