Epstein Secrets

Source: Deutsche Bank, UK Land Registry average price of detached house in prime London (Kensington and Chelsea) Deutsche Bank AG/London Page 9 Norway Netherlands France Austria EFTA01464497 Hungary Portugal Italy Ireland Spain Greece China Indonesia Thailand Brazil Taiwan Malaysia

tfolio inflows have turned marginally positive... Figure 8: _as equity market inflows outpace the money market outflows Source: Deutsche Bank and European Central Bank Source: Deutsche Bank and European Central Bank Figure 9: Equity inflows have tracked the STOXX Figure 10: Foreign interest on the bond side boome

nd, 23-27 January 2013 Ivonne A-Bald Secretary of State for the Yasuni-ITT Initiative of Ecuador Svein Aaser Chairman of the Board Telenor ASA Norway Florencio Abad Secretary of Budget and Management, Department of Budget and Management of the Philippines Mhammed Abbad Founder Al Jisr Moroc

dro Bailleres John Baird Leslie J. Baja Sanjiv Bajaj Rahul Bajaj Anant Bajaj Gerard Baker Douglas M. Baker Jr Member of the Executive Board, European Central Bank. Frankfurt am Main Minister of Finance of Saudi Arabia Chief Executive. Global Banking and Markets Special Duties Officer. Ministry of Federal

/USD (Fwd. Rates) SwitzerlandUSD/CHF (Fwd. Rates) Euro Cross Rates Japan EUR/JPY U.K. (Fwd. Rates) EUR/GBP (Fwd. Rates) SwitzerlandEUR/CHF Norway Sweden (Fwd. Rates) EUR/NOK (Fwd. Rates) EUR/SEK (Fwd. Rates) EFTA01464310 0.80 0.80 0.80 0.77 - 0.80 0.79 0.78 0.93 0.99 1.04 1.06 - 0.9

Treasury Figure 41: Net portfolio flows have turned inwards... Figure 42: ...as equity inflows surpass the bond outflows Source: Deutsche Bank and European Central Bank Source: Deutsche Bank and European Central Bank Deutsche Bank Securities Inc. Page 31 EFTA01464362 30 July 2013 Exchange Rate Perspectives: FX

lion. The portfolio is comprised of 58 high quality assets/sub-portfolios in nine countries (including the U.S.) with a geographic concentration in Norway, Sweden, and Germany. The Obligo funds were approaching their maturities, and the seller was seeking a holistic solution and execution certainty. B

, over time, higher rents. • Modestly Improving Economy The Eurozone economy has begun to recover slowly, supported by quantitative easing by the European Central Bank, lower energy prices, and a weaker euro. These conditions have led to modest, albeit uneven, GDP growth and job creation across the region. We beli