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cho Sanno Park Tower Chiyoda-ku, Tokyo 100-6171 Japan Tel: (81) 3 5156 6770 Marcel Cassard Global Head FICC Research & Global Macro Economics Ralf Hoffmann Regional Head Deutsche Bank Research, Germany Steve Pollard Global Head EFTA01476252 Equity Research Andreas Neubauer Regional Head Equity Re
Group's analysts with the coverage companies specified by DSI. Some of the foreign securities stated on this report are not disclosed according to the Financial Instruments and Exchange Law of Japan. Malaysia: Deutsche Bank AG and/or its affiliate(s) may maintain positions in the securities referred to herein and may from time to tim
cho Sanno Park Tower Chiyoda-ku, Tokyo 100-6171 Japan Tel: (81) 3 5156 6770 Marcel Cassard Global Head FICC Research & Global Macro Economics Ralf Hoffmann Regional Head Deutsche Bank Research, Germany Steve Pollard Global Head EFTA01476553 Equity Research Andreas Neubauer Regional Head Equity Re
Group's analysts with the coverage companies specified by DSI. Some of the foreign securities stated on this report are not disclosed according to the Financial Instruments and Exchange Law of Japan. Malaysia: Deutsche Bank AG and/or its affiliate(s) may maintain positions in the securities referred to herein and may from time to tim
cho Sanno Park Tower Chiyoda-ku, Tokyo 100-6171 Japan Tel: (81) 3 5156 6770 Marcel Cassard Global Head FICC Research & Global Macro Economics Ralf Hoffmann Regional Head Deutsche Bank Research, Germany Richard Smith and Steve Pollard EFTA01466498 Co-Global Heads Equity Research Andreas Neubauer Re
: Disclosures 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
Entities connected to both Ralf Hoffmann and the Financial Instruments and Exchange Law
Andreas Neubauer
PERSONSteve Pollard
PERSON
Sydney
LOCATION
Frankfurt
LOCATION
Tokyo
LOCATIONDavid Folkerts-Landau
PERSONMichael Spencer
PERSON
Deutsche Bank
ORGANIZATIONDeutsche Bank Research
ORGANIZATIONMarcel Cassard
PERSONChiyoda-ku
ORGANIZATION
Kowloon
LOCATION
Richard Smith
PERSONRaj Hindocha
PERSONthe Kanto Local Finance Bureau
ORGANIZATION
Moody's
ORGANIZATION
New Zealand
LOCATIONNippon
ORGANIZATIONStandard & Poor's
ORGANIZATIONDeutsche Bank AG London
ORGANIZATION