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pany' s research page. Investors are strongly encouraged to review this information before investing. United States: Approved and/or distributed by Deutsche Bank Securities Incorporated, a member of FINRA, NFA and SIPC. Analysts located outside of the United States are employed by non-US affiliates that are not subject to FINRA regu
nts and Exchange Law of Japan. Target prices 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
ther retail investor receiving this directly from us, we ask that you inform us immediately. United States: Approved and/or distributed by Deutsche Bank Securities Incorporated, a member of FINRA, NFA and SIPC. Analysts located outside of the United States are employed by non-US affiliates that are not subject to FINRA reg
ents and Exchange Law of Japan. Target prices 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: 1998/00
ther retail investor receiving this directly from us, we ask that you inform us immediately. United States: Approved and/or distributed by Deutsche Bank Securities Incorporated, a member of FINRA, NFA and SIPC. Analysts located outside of the United States are employed by non-US affiliates that are not subject to FINRA reg
ents and Exchange Law of Japan. Target prices 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: 1998/00
Entities connected to both Deutsche Bank Securities Incorporated and Deutsche Securities Korea Co.

Deutsche Bank
ORGANIZATIONthe Federal Republic of Germany
LOCATION
Frankfurt
LOCATION
United Kingdom
LOCATIONDeutsche Bank AG Johannesburg
ORGANIZATIONBaFin
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONthe Kanto Local Finance Bureau
ORGANIZATIONDeutsche Securities Inc.(DSI
ORGANIZATIONThe Financial Futures Association of Japan
ORGANIZATION
South Africa
LOCATIONStandard & Poor's
ORGANIZATIONDeutsche Bank Securities Inc.
ORGANIZATION
Moody's
ORGANIZATIONNippon
ORGANIZATIONthe European Central Bank
ORGANIZATIONGerman Banking Law
ORGANIZATIONCapital Market Segment
ORGANIZATIONF&O Segment
ORGANIZATIONMerchant Banker
ORGANIZATION