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ncluding without limitation the Code of Conduct for Persons Licensed or Registered with the Securities and Futures Commission. . India: Prepared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC137431 and registered office at 14th Floor, The Capital, C-70, G Block, Bandra Kurla Complex Mumbai (India) 40005
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
tion are available on request. Hong Kong: Distributed by Deutsche Bank AG, Hong Kong Branch or Deutsche Securities Asia Limited. India: Prepared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC137431 and registered office at 14th Floor, The Capital, C-70, G Block, Sandra Kuria Complex Mumbai (India) 40005
e 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 b
ncluding without limitation the Code of Conduct for Persons Licensed or Registered with the Securities and Futures Commission. . India: Prepared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC137431 and registered office at 14th Floor, The Capital, C-70, G Block, Bandra Kuria Complex Mumbai (India) 40005
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
tion are available on request. Hong Kong: Distributed by Deutsche Bank AG, Hong Kong Branch or Deutsche Securities Asia Limited. India: Prepared by Deutsche Equities India Private Limited (DEIPL) having CIN: U65990MH2002PTC137431 and registered office at 14th Floor, The Capital, C-70, G Block, Sandra Kurla Complex Mumbai (India) 40005
e 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 b
ncluding without limitation the Code of Conduct for Persons Licensed or Registered with the Securities and Futures Commission. . India: Prepared by Deutsche Equities India Private Limited (DEIPL) having CIN:U65990MH2002PTC137431 and registered office at 14th Floor, The Capital. C-70. G Block, Bandra Kurla Complex Mumbai (India) 400051
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
Entities connected to both Deutsche Equities India Private Limited and Deutsche Bank AG Johannesburg

Deutsche Bank
ORGANIZATION
Frankfurt
LOCATIONthe Kanto Local Finance Bureau
ORGANIZATIONthe Federal Republic of Germany
LOCATIONBaFin
ORGANIZATIONDeutsche Securities Inc.(DSI
ORGANIZATION
United Kingdom
LOCATIONthe Prudential Regulation Authority
ORGANIZATIONThe Financial Futures Association of Japan
ORGANIZATION
Moody's
ORGANIZATIONNippon
ORGANIZATION
South Africa
LOCATIONStandard & Poor's
ORGANIZATIONDeutsche Bank Securities Inc.
ORGANIZATIONDeutsche Bank Securities Incorporated
ORGANIZATIONDeutsche Securities Korea Co.
ORGANIZATIONthe European Central Bank
ORGANIZATIONG Block
PERSONDEIPL
ORGANIZATIONCapital Market Segment
ORGANIZATION