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3329 David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Raj Hindocha Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International locations Deutsche Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets
ugh its London Branch at Winchester House, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG in the United Kingdom is authorised by the Prudential Regulation Authority and is subject to limited regulation by the Prudential Regulation Authority and Financial EFTA01473325 Conduct Authority. Details about the exten
3352 David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Raj Hindocha Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International locations Deutsche Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets
ugh its London Branch at Winchester House, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG in the United Kingdom is authorised by the Prudential Regulation Authority and is subject to limited regulation by the EFTA01473348 Prudential Regulation Authority and Financial Conduct Authority. Details about the exten
3408 David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Raj Hindocha Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International locations Deutsche Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets
ugh its London Branch at Winchester House, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG in the United Kingdom is authorised by the Prudential Regulation Authority and is subject to limited regulation by the EFTA01473404 Prudential Regulation Authority and Financial Conduct Authority. Details about the exten
G/London Page 77 EFTA01476241 8 December 2015 World Outlook 2016: Managing with less liquidity Contacts Name Coverage David Folkerts-Landau Michael Spencer Economics Peter Hooper Torsten Slok Joe LaVorgna Mark Wall Stefan Schneider Mikihiro Matsuoka Michael Spencer Taimur Baig Gustavo Canonero
ugh its London Branch at Winchester House, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG in the United Kingdom is authorised by the Prudential Regulation Authority and is subject to limited regulation by the Prudential Regulation Authority and Financial EFTA01476247 Conduct Authority. Details about the exten
Page 51 EFTA01476552 David Folkerts-Landau Chief Economist and Global Head of Research Raj Hindocha Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International locations Deutsche Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets
ugh its London Branch at Winchester House, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG in the United Kingdom is authorised by the Prudential Regulation Authority and is subject to limited regulation by the Prudential Regulation Authority and Financial EFTA01476549 Conduct Authority. Details about the exten
Entities connected to both Michael Spencer and Prudential Regulation Authority

Deutsche Bank
ORGANIZATION
Frankfurt
LOCATIONAndreas Neubauer
PERSON
Sydney
LOCATIONSteve Pollard
PERSON
Tokyo
LOCATIONDavid Folkerts-Landau
PERSON
Kowloon
LOCATIONChiyoda-ku
ORGANIZATIONDeutsche Bank Research
ORGANIZATIONRalf Hoffmann
PERSONRaj Hindocha
PERSONMarcel Cassard
PERSONAmericas Research
ORGANIZATION
Richard Smith
PERSON
Bloomberg L.P.
ORGANIZATIONthe Kanto Local Finance Bureau
ORGANIZATIONStandard & Poor's
ORGANIZATIONNippon
ORGANIZATION
Malaysia
LOCATION