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eutsche Securities Asia Limited, Taipei Branch may not execute transactions for clients in these securities/instruments. Qatar: Deutsche Bank AG in the Qatar Financial Centre (registered no. 00032) is regulated by the Qatar Financial Centre Regulatory Authority. Deutsche Bank AG - QFC Branch may undertake only the financi
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 Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Singapore: This report is issued by De
e applicable Singapore laws and regulations), they accept legal responsibility to such person for its contents. Oaten Deutsche Bank AG in the Qatar Financial Centre (registered no. 00032) is regulated by the Qatar Financial Centre Regulatory Authority. Deutsche Bank AG - QFC Branch may only undertake the financi
not disclosed according to the Financial Instruments and Exchange Law of Japan. Korea: Distributed by Deutsche Securities Korea Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Singapore: by Deutsche Bank AG, Si
e applicable Singapore laws and regulations), they accept legal responsibility to such person for its contents. Oaten Deutsche Bank AG in the Qatar Financial Centre (registered no. 00032) is regulated by the Qatar Financial Centre Regulatory Authority. Deutsche Bank AG - QFC Branch may only undertake the financi
not disclosed according to the Financial Instruments and Exchange Law of Japan. Korea: Distributed by Deutsche Securities Korea Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Singapore: by Deutsche Bank AG, Si
applicable Singapore laws and regulations), they accept legal responsibility to such person for its contents. Order: Deutsche Bank AG in the Qatar Financial Centre (registered no. 00032) is regulated by the Qatar Financial Centre Regulatory Authority. Deutsche Bank AG - QFC Branch may only undertake the financi
not disclosed according to the Financial Instruments and Exchange Law of Japan. Korea: Distributed by Deutsche Securities Korea Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/I0). Singapore: by Deutsche Bank AG, Si
ase such securities. Deutsche Bank may engage in transactions in a manner inconsistent with the views discussed herein. Qatar: Deutsche Bank AG in the Qatar Financial Centre (registered no. 00032) is regulated by the Qatar Financial Centre Regulatory Authority. Deutsche Bank AG - QFC Branch may only undertake the finan
d by Deutsche Bank AG, Hong Kong Branch. Korea: Distributed in by Deutsche South jurisdiction. Securities Korea Africa: Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number 1998/003298/10). Singapore: by Deutsche Bank AG, Singapore Branch or D
ase such securities. Deutsche Bank may engage in transactions in a manner inconsistent with the views discussed herein. Qatar: Deutsche Bank AG in the Qatar Financial Centre (registered no. 00032) is regulated by the Qatar Financial Centre Regulatory Authority. Deutsche Bank AG - QFC Branch may only undertake the finan
ong: Distributed by Deutsche Bank AG, Hong Kong Branch. Korea: Distributed in by Deutsche South Securities Korea Africa: Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number 1998/003298/10). Singapore: by Deutsche Bank AG, Singapore Branch or D
ase such securities. Deutsche Bank may engage in transactions in a manner inconsistent with the views discussed herein. Qatar: Deutsche Bank AG in the Qatar Financial Centre (registered no. 00032) is regulated by the Qatar Financial Centre Regulatory Authority. Deutsche Bank AG - QFC Branch may only undertake the finan
ong: Distributed by Deutsche Bank AG, Hong Kong Branch. Korea: Distributed in by Deutsche South Securities Korea Africa: Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number 1998/003298/10). Singapore: by Deutsche Bank AG, Singapore Branch or D
ities. Deutsche Bank may engage in transactions in a manner inconsistent with the views discussed herein. EFTA01476301 Qatar: Deutsche Bank AG in the Qatar Financial Centre (registered no. 00032) is regulated by the Qatar Financial Centre Regulatory Authority. Deutsche Bank AG - QFC Branch may only undertake the financ
ilable on request. Hong Kong: Distributed by Deutsche Bank AG, Hong Kong Branch. Korea: Distributed by Deutsche Securities Korea Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Singapore: by Deutsche Bank AG, Singap
ase such securities. Deutsche Bank may engage in transactions in a manner inconsistent with the views discussed herein. Qatar: Deutsche Bank AG in the Qatar Financial Centre (registered no. 00032) is regulated by the Qatar Financial Centre Regulatory Authority. Deutsche Bank AG - QFC Branch may only undertake the finan
g: Korea: Distributed Distributed in by Deutsche Bank AG, Hong Kong Branch. by Deutsche South Securities Africa: Korea Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number 1998/003298/10). Singapore: by Deutsche Bank AG, Singapore Branch or D
ase such securities. Deutsche Bank may engage in transactions in a manner inconsistent with the views discussed herein. Qatar: Deutsche Bank AG in the Qatar Financial Centre (registered no. 00032) is regulated by the Qatar Financial Centre Regulatory Authority. Deutsche Bank AG - QFC Branch may only undertake the finan
ong: Distributed by Deutsche Bank AG, Hong Kong Branch. Korea: Distributed in by Deutsche South Securities Korea Africa: Co. South Africa: Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number 1998/003298/10). Singapore: by Deutsche Bank AG, Singapore Branch or D
Entities connected to both the Qatar Financial Centre and Deutsche Bank AG Johannesburg

Deutsche Bank
ORGANIZATIONDeutsche Securities Saudi Arabia
ORGANIZATIONDeutsche Securities Saudi Arabia LLC Company
ORGANIZATION
Riyadh
LOCATIONDeutsche Bank AG - DIFC Branch
ORGANIZATION
Tower
ORGANIZATIONNippon
ORGANIZATIONthe Dubai Financial Services Authority
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Frankfurt
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Moody's
ORGANIZATIONthe Federal Republic of Germany
LOCATIONthe Kanto Local Finance Bureau
ORGANIZATIONStandard & Poor's
ORGANIZATIONDeutsche Securities Inc.(DSI
ORGANIZATIONBaFin
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New Zealand
LOCATIONDeutsche Bank Securities Inc.
ORGANIZATIONthe Dubai International Financial Centre
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Russia
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Malaysia
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