New Zealand Financial Advisors Act
ORGANIZATIONthe Financial Instruments and Exchange Law: Company
ORGANIZATION5
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New Zealand: This research, and any access to it. is intended only for 'wholesale clients' within the meaning of the Australian Corporations Act and New Zealand Financial Advisors Act respectively. Brazil: The views expressed above accurately reflect personal views of the authors about the subject company(ies) and its(their) secu
closures relating to our obligations under MiFiD can be found at http://www.globalmarkets.db.com/riskdisclosures. Japan: Disclosures under the Financial Instruments and Exchange Law: Company name - Deutsche Securities Inc. Registration number - Registered as a financial instruments dealer by the Head of the Kanto Local Finance Bureau (IG
New Zealand: This research, and any access to it, is intended only for 'wholesale clients" within the meaning of the Australian Corporations Act and New Zealand Financial Advisors Act respectively. Brazil: The views expressed above accurately reflect personal views of the authors about the subject company(ies) and its(their) secu
with CVM Instruction # 483. EU countries: Disclosures relating to our obligations under MiFiD can be found at Japan: Disclosures under the Financial Instruments and Exchange Law: Company name - Deutsche Securities Inc. Registration number - Registered as a financial instruments dealer by the Head of the Kanto Local Finance Bureau (K
New Zealand: This research, and any access to it, is intended only for "wholesale clients" within the meaning of the Australian Corporations Act and New Zealand Financial Advisors Act respectively. Brazil: The views expressed above accurately reflect personal views of the authors about the subject company(ies) and its(their) secu
closures relating to our obligations under MiFiD can be found at htto://www.alobalmarkets.db.comiriskdisclosures. Japan: Disclosures under the Financial Instruments and Exchange Law: Company name - Deutsche Securities Inc. Registration number - Registered as a financial instruments dealer by the Head of the Kanto Local Finance Bureau (K
New Zealand: This research, and any access to it, is intended only for "wholesale clients" within the meaning of the Australian Corporations Act and New Zealand Financial Advisors Act respectively. Brazil: The views expressed above accurately reflect personal views of the authors about the subject company(ies) and its(their) secu
closures relating to our obligations under MiFiD can be found at htto://www.alobalmarkets.db.comiriskdisclosures. Japan: Disclosures under the Financial Instruments and Exchange Law: Company name - Deutsche Securities Inc. Registration number - Registered as a financial instruments dealer by the Head of the Kanto Local Finance Bureau (K
New Zealand: This research, and any access to it, is intended only for "wholesale clients" within the meaning of the Australian Corporations Act and New Zealand Financial Advisors Act respectively. Brazil: The views expressed above accurately reflect personal views of the authors about the subject companylies) and its(their) secu
osures relating to our obligations under MiFiD can be found at httb://www globalrnarkets.db.com/riskdisclosures. Japan: Disclosures under the Financial Instruments and Exchange Law: Company name - Deutsche Securities Inc. Registration number - Registered as a financial instruments dealer by the Head of the Kanto Local Finance Bureau (K
Entities connected to both New Zealand Financial Advisors Act and the Financial Instruments and Exchange Law: Company

Deutsche Bank
ORGANIZATION
Russia
LOCATION
New Zealand
LOCATIONDeutsche Bank AG - DIFC Branch
ORGANIZATIONthe Qatar Financial Centre
ORGANIZATION
Tower
ORGANIZATION
Riyadh
LOCATIONDeutsche Securities Saudi Arabia
ORGANIZATIONthe Dubai International Financial Centre
ORGANIZATIONDeutsche Securities Saudi Arabia LLC Company
ORGANIZATIONNippon
ORGANIZATIONthe Kanto Local Finance Bureau
ORGANIZATIONStandard & Poor's
ORGANIZATION
Moody's
ORGANIZATIONJapan Investment Advisers Association
ORGANIZATIONAssociation of Japan
ORGANIZATIONDeutsche Bank Securities Inc.
ORGANIZATIONType II Financial Instruments Firms Association
ORGANIZATION
Malaysia
LOCATIONMichael Spencer
PERSON