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icholas Weng New York Alan Ruskin Daniel Brehon Dreusio GiacomoIli Guilherme Marone Singapore Sameer Goel Ma'like Sadie!eye Perry Kojodjojo Sydney Adam Boyton Tokyo Teisuke Tanaka Head of FX Strategy Bilel Hafeez Deutsche Bank AG/London DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED I
s movements. Deutsche Bank AG/London Page 25 EFTA00610300 David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Global Chief Operating Officer Research Marcel Cassard Global Head FICC Research & Global Macro Economics Richard Smith and Steve Pollard Co-G
Regional Head Asia Pacific Research International locations Deuto:he flank AC Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Sydney. NSW 2000 Australia Tel: Utrutocho Honk AG London I Great With's-ter Street London EC2N 2E0 United Kingdom Tel Global Disclaimer Marcel Cana
David Fo!karts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International locations Deuto:he flank AC Deutsch
International Commerce Centre, Sanno Park Tower Corner of Hunter & Phi1Lp Sheets Germany 1 Austin Road West.Kowloco, Chiyoda-ku. Tokyo 1006171 Sydney. NSW 2000 Hong Kong Japan Tel: Australia Tel Tel: Tel: Dout&:he Bank AO lotukin r ibIlltAllt BOSE Sib; 1 Great Winchester Street 60 Wad S
David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Global Chief Operating Officer Rosearch Marcel Cassard Global Head FICC Rosearch & Global Macro Economics Richard Smith and Steve Pollard Co-G
Regional Head Asia Pacific Research International Locations Deutsch, Pprili AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Sydney. NSW 2000 Australia Tel:161) 2 8258 1234 Peurselin flank 1/t) it/nth', I Great Winchester Street London EC2N 2E0 United Kingdom Tel: (44) 20 75
David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International Locations Deutsch, Pprili AG Deutsc
Regional Head Asia Pacific Research International Locations Deutsch, Pprili AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Sydney. NSW 2000 Australia Tel:161) 2 8258 1234 Peurselin flank 1/t) it/nth', I Great Winchester Street London EC2N 2E0 United Kingdom Tel: (44) 20 75
David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International Locations Deutsch, Pprili AG Deutsc
vey Nicholas Weng New York Alan Ruskin Daniel Brehon Drausio Giacomelli Guilherme Marone Mauro Roca Singapore Sameer Goel Mallika Sachdeva Sydney John Horner Tokyo Taisuke Tanaka Head of FX Strategy Bilal Hafeez Deutsche Bank AG/London DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED I
ities Inc. Chiyoda-ku, Tokyo 100-6171 Japan Tel: Ralf 14Mo matil!".11111 Speyer Co-Heads DB Research Germany Andreas Neubauer Regional Head Guy Ashton Chief Operating Officer EFTA01464475 Research Richard Smith Associate Director Equity Research North America Steve Pollard Regional Head G
a-Pacific Fergus Lynch Regional Head International locations Deutsche Bank AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Sydney, NSW 2000 Australia Tel: (61) 2 8258 1234 Deutsche Bank AG London 1 Great Winchester Street London EC2N 2EQ United Kingdom Tel: (44) 20 7545 8
a-ku, Tokyo 100-6171 Japan Tel: (81) 3 5156 6770 Ralf Hoffmann & Bernhard Speyer Co-Heads DB Research Germany Andreas Neubauer Regional Head Guy Ashton Chief Operating Officer EFTA01464585 Research Richard Smith Associate Director Equity Research North America Steve Pollard Regional Head G
Regional Head Asia Pacific Research International locations Praitsisho Bank AO Deutsche Sank Place Level 16 Corner of Hunter & Phi ip Streets Sydney. NSW 2000 Australia Tel: DOWD: he [1.30k AC; I. pricier: I Great Winchester Street London EC2N 2E0 United Kingdom Tel: Global Disclaimer Mar
David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Global Chief Operating Officer Rosearch Michael Spencer Regional Head Asia Pacific Research International locations Praitsisho Bank AO Deutsc
lecche fimiL p,c; Deutsche Bank Place DiorSe GallusstrafLo 10.10 Level 16 60272 Frankfurt am Main Corner of Hunter & Phillip SIFOOIS Gerne m a m Sydney. NSW 2000 Vaha Dews,: he Hank AC Lonclon I Great Wnchester Street London EC2N 2E0 United l i ( i lont Global Disclaimer 813, 1k Seillitoin In
David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Marcel Cassard Richard Smith and Steve Pollard Global Chief Operating Officer Global Head Co-Global Heads Research FICC Research & Global Macr
International Commerce Centre. Senna Park Tower Comer of Hunter & Phlllm SIFOOIS Germa 1 Austin Road West, Kowlcon, Cluyoda-ku, Tokyo 100-6171 Sydney. NSW 2000 TS: I Hal Kon Japan Australia Tel: ( Tel Tel: I (3e;tre‘: be Hank AC London LiBUILOIlt BOOK Se: anus'' Iry I Great Wnchester St
David Folkerts-Landau Group Chief Economist Member of the Group Executive Committee Guy Ashton Global Chief Operating Officer Research Michael Spencer Regional Head Asia Pacific Research International Locations Marcel Cassard Global
Entities connected to both Sydney and Guy Ashton

Alan Dershowitz
PERSON
United States
LOCATION
Tokyo
LOCATION
Frankfurt
LOCATION
United Kingdom
LOCATIONSteve Pollard
PERSONAndreas Neubauer
PERSON
New Zealand
LOCATIONDavid Folkerts-Landau
PERSON
Deutsche Bank
ORGANIZATIONMichael Spencer
PERSON
Kowloon
LOCATIONChiyoda-ku
ORGANIZATIONDeutsche Bank Research
ORGANIZATIONMarcel Cassard
PERSONRalf Hoffmann
PERSON
Bloomberg L.P.
ORGANIZATION
Richard Smith
PERSONDoug Band
PERSONStandard & Poor's
ORGANIZATION