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y. From: Jeffrey Epstein Sent: 12/20/2013 09:34 AM EST To: Paul Morris Subject: Fwd: Japanese Equity Basket... [C] Forwarded message From: Tazia Smith < Date: Wed, Dec 18, 2013 at 2:31 PM Subject: Japanese Equity Basket... [C] To: Cc: Paul Morris < >, Vahe Stepanian Classification: Confident
tps://ger gm. ci b i ntra n et.d b com/ger/document/pdf/0900b8c0879ce3f0.pdf 8308 JP Buy Current price 512 Target price (12m) 650 Upside 27% Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 101
m) 280 Upside 18% Reflation is the other major theme, which should be positive for retailers and banks, where DB Research is bullish Rakuten and Resona respectively. Rakuten: https://gergm.cib.intranet.db.com/ger/document/pdf/0900b8c087a30eda.pdf 4755 JP Buy Current price 1531 Target price (12m)
gm.cib.intranet.db.com/ger/document/pdf/0900b8c087a30eda.pdf 4755 JP Buy Current price 1531 Target price (12m) 1710 EFTA00711076 Upside 12% Resona: https://ger gm. ci b i ntra n et.d b com/ger/document/pdf/0900b8c0879ce3f0.pdf 8308 JP Buy Current price 512 Target price (12m) 650 Upside 2
From: Tazia Smith Sent: 2/5/2014 2:05:46 PM To: [email protected] CC: Paul Morris Stepanian Subject: Japanese Equities... jC) Classification: Confidentia
30 Buy 8000 37% 61' -5% Retail Rakuten 1514 Hold 1750 15% 1491 2% Consumer Seven & l Holdings 3837 Buy 4700 22% 3840 0% Finance Resona 550 Buy 785 43% 510 7% nsurance Dai-ichi Life 1458 Buy 1940 33% 1620 '11% Consumer Fectronics Panasonic 1262 Buy 1300 3% 1170 7
From: Tazia Smith ( ] Sent: 12/23/2013 12:01:04 PM To: Paul Morris CC: Vahe Stepanian Subject: JED] Attachments: ARIA - competitor upgrade 12.20.13.pdf; AEGR
fund) - Buy -S250k-lmm FRC E 7% (thin, buy with a limit), trading -$25.23 last - Buy 51-2mm of DXJ and/or Japanese single stocks ((Toyota, Rukaten, Resona, Panasonic, omron, Kawasaki Kisen, sell yen forward - would be done in southern Financial or southern Trust, be that acct is set up) - Buy S1-2mm
[[email protected]) Sent: 12/20/2013 9:34:08 AM To: Paul Morris I Subject: Fwd: Japanese Equity Basket... [CI Forwarded messa ge From: Tazia Smith < Date: Wed, Dec 18, 2013 at 2:31 PM Subject: Japanese Equity Basket... [C] To: .eevacationG. mail.com Cc: Paul Morris < >, Vahe Stepanian < C
icker Current Price DB Price Target % Auto Toyota 7203 JP Equity 6180 8000 29% Retail Rukaten 4755 JP Equity 1496 1710 14% Finance Resona 8308 JP Equity 506 650 28% Consumer Electronics Panasonic 6752 JP Equity 1158 1300 12% Automation Equipment Omron" 6645 JP Equity 4105
Entities connected to both Tazia Smith and Resona

Jeffrey Epstein
PERSON
Paul Morris
PERSONVahe Stepanian
PERSON
Bloomberg L.P.
ORGANIZATION
Panasonic
ORGANIZATION
Toyota
ORGANIZATIONDB Global Markets Research
ORGANIZATIONOmron
ORGANIZATION