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on on the pan of Deutsche Bank AG and or its affiliates (Dr. These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiF1D), who understand the CONFIDENTIAL -

) Daily 293M2009-28JAIC014 COpyrIght0 2014 5100Mbefg flf..41ICe L 28.32n-201416:07 1 \kith OF iiii,11117 6.0000 5.0000 4.0000 3.0000 2.0000 KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma Nav Gupta Managing Director Deutsche Bank AG. Finale London Deutsche Asset E. Wealth Management 105110

he part of Deutsche Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFID), who understand the strategy, cha

Subject: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [I] From: Tazia Smith sz: > Date: Tue, 28 Jan 2014 12:24:03 -0500 To: [email protected] Cc: Paul Morris < Vinit Sahni < Nav Gupta Vahe Ste

sche Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended EFTA01479438 recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFID), who understand the strategy, cha

Subject: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [I] From: Tazia Smith sz: > Date: Tue, 28 Jan 2014 12:24:02 -0500 To: [email protected] Cc: Paul Morris < Vinit Sahni < Nav Gupta Vahe Ste