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02% ASS Sower Owen?. Sink Fn(. &bombe. Haw. LP Date 29 March 2018 Strategy Update Aleksandar Stojanovski Research Analyst +971-4-361-1786 VA Deutsche Bank AG/London Distributed on: 29/03/2018 03:12:07 GMT Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, inv

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out limitation the Code of Conduct for Persons Licensed or Registered with the Securities and Futures Commission. India: Prepared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC 137431 and registered office at 14th Floor. The Capital. C-70, G Block. Sandra Kuria Complex Mumbai (India) 40005

he foreign securities stated on this report are not disclosed according to the Financial Instruments and Exchange Law of Japan. Target prices 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

tion are available on request. Hong Kong: Distributed by Deutsche Bank AG, Hong Kong Branch or Deutsche Securities Asia Limited. India: Prepared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC137431 and registered office at 14th Floor, The Capital, C-70, G Block, Sandra Kuria Complex Mumbai (India) 40005

he foreign securities stated on this report are not disclosed according to the Financial Instruments and Exchange Law of Japan. Target prices 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 Johan

ncluding without limitation the Code of Conduct for Persons Licensed or Registered with the Securities and Futures Commission. . India: Prepared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC137431 and registered office at 14th Floor, The Capital, C-70, G Block, Bandra Kuria Complex Mumbai (India) 40005

he foreign securities stated on this report are not disclosed according to the Financial Instruments and Exchange Law of Japan. Target prices 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

tion are available on request. Hong Kong: Distributed by Deutsche Bank AG, Hong Kong Branch or Deutsche Securities Asia Limited. India: Prepared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC137431 and registered office at 14th Floor, The Capital, C-70, G Block, Sandra Kurla Complex Mumbai (India) 40005

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ncluding without limitation the Code of Conduct for Persons Licensed or Registered with the Securities and Futures Commission. . India: Prepared by Deutsche Equities India Private Limited (DEIPL) having CIN:U65990MH2002PTC137431 and registered office at 14th Floor, The Capital. C-70. G Block, Bandra Kurla Complex Mumbai (India) 400051