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ureau (Kinsho) No. 117. Member of associations: JSDA, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Investment Advisers Association. This report is not meant to solicit the purchase of specific financial instruments or related services. We may charge commissions and fees for ce
che Bank AG/London Page 23 EFTA01464474 David Folkerts-Landau Global Head of Research Marcel Cassard Global Head CB&S Research Asia-Pacific Fergus Lynch Regional Head International Locations Deutsche Bank AG Deutsche Bank Place Australia Tel: D t iei n n London EC2N 2EQ United Kin dom Tel:
ureau (Kinsho) No. 117. Member of associations: JSDA, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Investment Advisers Association. This report is not meant to solicit the purchase of specific financial instruments or related services. We may charge commissions and fees for ce
Page 45 EFTA01464565 David Folkerts-Landau Managing Director Global Head of Research Marcel Cassard Global Head CB&S Research Asia-Pacific Fergus Lynch Regional Head Principal Locations Deutsche Bank AG London Tel: Deuts Frankfurt 60272 Frankfurt am Main German Deutsche Bank Dubai Dubai In
ureau (Kinsho) No. 117. Member of associations: JSDA, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Investment Advisers Association. Commissions and risks involved in stock transactions - for stock transactions, we charge stock commissions and consumption tax by multiplying the
ank Securities Inc. Page 5 EFTA01464584 David Folkerts-Landau Global Head of Research Marcel Cassard Global Head CB&S Research Asia-Pacific Fergus Lynch Regional Head International locations Deutsche Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Sydney, NSW 2000 Austr
Entities connected to both Japan Investment Advisers Association and Fergus Lynch

New Zealand
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Malaysia
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Frankfurt
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United Kingdom
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Deutsche Bank
ORGANIZATION
Bloomberg L.P.
ORGANIZATIONNippon
ORGANIZATION
Moody's
ORGANIZATIONthe Kanto Local Finance Bureau
ORGANIZATIONAssociation of Japan
ORGANIZATIONStandard & Poor's
ORGANIZATIONDavid Folkerts-Landau
PERSONSteve Pollard
PERSONAndreas Neubauer
PERSON
Richard Smith
PERSON
Hungary
LOCATIONMarcel Cassard
PERSONGuy Ashton
PERSONDeutsche Bank AG Johannesburg
ORGANIZATION
Norway
LOCATION