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ternational Commerce Centre, Sanno Park Tower Corner of Hunter & Phillip Streets Germany 1 Austin Road West,Kowloon, Chiyoda-ku, Tokyo 100-6171 Sydney, NSW 2000 Tel: (49) 69 910 00 Hong Kong Japan Australia Tel: (85212203 8888 Tel: (81)3 5156 6770 Tel: OH 2 8258 1234 Deutsche Bank AG London
al Head of Research Raj Hindocha Global Chief Operating Officer Research Anthony Klarman Global Head of Debt Research Michael Spencer Head of APAC Research Global Head of Economics Paul Reynolds Head of EMEA Equity Research Andreas Neubauer Head of Research - Germany International Production Locat
lobal Head of Debt Research International Locations Drops: ho Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Germa ny Sydney. NSW 2000 Australia Michael Spencer Head of APAC Research Global Head of Economics Paul Reynolds Head of EMEA Equity Research Andreas Neubaue
Drops: ho Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Germa ny Sydney. NSW 2000 Australia Michael Spencer Head of APAC Research Global Head of Economics Paul Reynolds Head of EMEA Equity Research Andreas Neubauer Head of Research - Germany [Om ho Bank AG Infok.t: I Gre
ead of Research - Germany International Production Locations rivutt:nnt Rank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Sydney, NSW 2000 Australia Tel: 161) 2 8258 1234 lAtth:cr,s, tn ntjg, 1 Groat Winchester Street London EC2N 2EO United I fem I:cub:4w Bat* AG Mainz
al Head of Research Raj Hindocha Global Chief Operating Officer Research Anthony Kleiman Global Head of Debt Research Michael Spencer Head of APAC Research Global Head of Economics Paul Reynolds Head of EMEA Equity Research Andreas Neubauer Head of Research - Germany International Production Locat
Kleiman Global Head of Debt Research International Locations Dooitcho Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Sydney. NSW 2000 Atetratia Tel: 161) 2 8258 1234 Dina ho Bank AG L81)(k.r: I Great Winchester Street London EC2N 2E0 United Kingdom Tel: 144) 20 7545
2 8258 1234 Dina ho Bank AG L81)(k.r: I Great Winchester Street London EC2N 2E0 United Kingdom Tel: 144) 20 7545 8000 Michael Spencer Head of APAC Research Global Head of Economics Paul Reynolds Head of EMEA Equity Research Andreas Neubauer Head of Research - Germany DOJO m Bank ;Oa Mainzer Lands
nternational Commerce Centre, Sanno Park Tower Corner of Hunter & Philip Streets Germany 1 Austin Road West,Kowloon, Chiyoda-ku, Tokyo 100-6171 Sydney, NSW 2000 Tel: (49)69 910 00 Hong Kong Japan Australia Tel: (852) 2203 8888 Tel: (Eh) 3 51566770 Tel: (61) 2 8268 1234 (buts( rt,3 hank AG t
al Head of Research Raj Hindocha Global Chief Operating Officer Research Anthony Klarman Global Head of Debt Research Michael Spencer Head of APAC Research Global Head of Economics Paul Reynolds Head of EMEA Equity Research Andreas Neubauer Head of Research - Germany International Production Locat
e Hongkong 2-11-1 Nagatacho Level 16 60329 Frankfurt am Main International Commerce Centre, Sanno Park Tower Coiner d Hunter & Phillip Streets Sydney. NSW 2000 Ger 1 Austin Road WestKowloon, Hong Chiyoda-ku. Tokyo 100-6171 Japan Australia Tel Tel: Tel: Denttnhe Bank A6 Lca&n r)tnaWhe Bank
al Head of Research Raj Hindocha Global Chief Operating Officer Research Anthony KLarman Global Head of Debt Research Michael Spencer Head of APAC Research Global Head of Economics Paul Reynolds Head of EMEA Equity Research Andreas Neubauer Head of Research - Germany International Production Locat
Kleiman Global Head of Debt Research International locations Deutsche Oath AG Deutsche Bank Place level 16 Comer of Hunter & Phillip Streets Sydney, NSW 2000 Michael Spencer Head of APAC Research Global Head of Economics Paul Reynolds Head of EMEA Equity Research Andreas Neubauer Head of
ternational locations Deutsche Oath AG Deutsche Bank Place level 16 Comer of Hunter & Phillip Streets Sydney, NSW 2000 Michael Spencer Head of APAC Research Global Head of Economics Paul Reynolds Head of EMEA Equity Research Andreas Neubauer Head of Research - Germany Deutsche Banfr AG GmRe Gaflus
Entities connected to both Sydney and APAC Research

Tokyo
LOCATION
Frankfurt
LOCATION
United Kingdom
LOCATIONAndreas Neubauer
PERSONSteve Pollard
PERSONMichael Spencer
PERSONDavid Folkerts-Landau
PERSON
Deutsche Bank
ORGANIZATION
Kowloon
LOCATIONChiyoda-ku
ORGANIZATIONRaj Hindocha
PERSONAmericas Research
ORGANIZATION
Hong Kong
LOCATIONDebt Research
ORGANIZATION
Dave Clark
PERSONPaul Reynolds
PERSONSpyros Mesomeris
ORGANIZATIONAnthony Klarman
PERSONAnthony Kleiman
PERSONMainzer
PERSON