Epstein Secrets

From: Paul Morris Sent: 11/18/2015 9:16:55 AM To: Vahe StepanianI CC: Stewart Oldfield l; Daniel Sabba ; Ariane Dwyer Subject: RE: Ill Classification: For internal use only Thanks give us a call when you free up Paul Morris Managing Director Deutsche Bank Priv

ne of the largest integrated oil companies worldwide and aims to be one of top 5 globally by 2030 Indicative Terms (as of 11/17/2015): Client buys PETBRA 3.250% Notes '17 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0087976 CONFIDENTIAL SDNY_GM_00234160 EFTA01386328

From: Daniel Sabba Sent: Thursday, March 12, 2015 6:03 PM To: [email protected]' Cc: Vahe Stepanian; Ariane Dwyer Subject: Fw: Fwd: [/]PETBRA UPDATE:Levy does not like directly support to Petbra Classification: Public Original Message From: Isin Sumengen-Z

sury guaranteeing a bond backed by about BRL9bn owed to Petr=bras by Eletrobras, according to Bloomberg. We view this as qualitatively =egative for PETBRA, as it indicates to us that the Brazilian government is=not willing to directly support the company until it becomes unavoidable. =his brings downsi

a call at your convenience @ From: Paul Morris Sent: Wednesday, November 18, 2015 9:17 AM To: Vahe Stepanian Cc: Stewart Oldfield; Daniel Sabba; Ariane Dwyer Subject: RE: [I] Classification: For internal use only Thanks give us a call when you free up Paul Morris Managing Director Deutsche Bank Priva

t integrated oil companies worldwide EFTA01399927 and aims to be one of top 5 globally by 2030 Indicative Terms (as of 11/17/2015): Client buys PETBRA 3.250% Notes '17 Maturity 03/17/2017 Amount 0/S $1.6bn Rating Ba2 / BB / BBB- (Mdy/S&P/Fitch) Price 95.25 Mid Yield 7.06% Client buys PET