Epstein Secrets

ommunications, energy and investment support. He also advises clients on market entry and geopolitical risk. Dr. Melby’s primary regions of focus are the Middle East and Asia. Dr. Melby was a senior staff member on the National Security Council from 1987 to 1993, during which he participated in bilateral and mult

d through Deutsche Bank Trust Company ™" Americas, member FDIC, and other members of the Deutsche Bank Group. Brokerage services are offered through Deutsche Bank Securities Inc., a broker-dealer and registered investment adviser, which conducts investment banking and securities activities in the United States. Deutsche Bank

Post Market Close) Roadshow: 10/6 — Management presentations 10/7 - NY 10/8 — Mid Atlantic 10/9 - NY 10/12 — Boston 10/13 — Chicago 10/14 — Midwest 10/15 — West Coast Bookrunners: Deutsche Bank Citigroup Raymond James RBC EFTA00843562 FBR Co-managers: Janney Montgomery Scott Oppenheim

dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by mail from Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10016, or by email at prospectus.cpdg db.com This communication may contain confidential and/or privileged info

: 6/22 — Management presentations 6/23 - New York 6/24 - New York (Group Lunch) 6/25 — Boston 6/26 — Mid-Atlantic 6/29 - Flex Day (West Coast / Midwest) 6/30 - New York / Pricing Group Lunch Details: New York: 6/24 — 12:30pm St. Regis Hotel EFTA00852986 2 East 55th St La Maisonnette Room Bo

y dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by mail from Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10016, or by email at This communication may contain confidential and/or privileged information. If you are not

k 3/10 — New York 3/11 — Boston 3/12 — New York (Lunch) 3/13 — Mid Atlantic (BAML) 3/14 — Den (DB) / LA (BAML) 3/17 —San Francisco (DB) 3/18 — Midwest (WBlair) Lunch details: Group Lunch — New York March 12, 2014 @ 12:30pm The St. Regis New York Room: "La Maisonette" Group Lunch — Boston Marc

dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by mail from Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10016, or by email at This communication may contain confidential and/or privileged information. If you are no

7 - London Tues 4/08 - Baltimore / Chicago Wed 04/09 - New York Thur 4/10 - New York Fri 4/11 - Boston Mon 4/14 - San Fran Tues 4/15 - Denver / Midwest Wed 4/16 - TBD (Pricing) EFTA00662840 Bookrunners: Morgan Stanley Goldman Sachs BAML Deutsche Bank The issuer has filed a registration state

y dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by mail from Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10016, or by email at Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & Wea

lidated. IFigure 17: Regional exposure by railroad Geographical Footprint Region UNP CSX KM. BNSF KSU CP CM Northwest U.S. Southwest U.S. • Midwest U.S. Southeast U.S. Northeast U.S. Canada Mexico • • • San Dna* Sera Canon Ain • • • • • • • North American carload and intermodal tr

120% 115% 110% 10% 105% 04% 100% 01% 2010 2011 2012 2013 2014 2015 2016 ••••••k1S. S Canada — ♦ • Total NA. Saar Cando Bank AM? Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0064282 SDNY_GM_00210466 EFTA01371094

t of 2017 - though it has since bounced back close to the lower end of the range given a strong revival in winter, especially in the Northeast and Midwest. H Y tied' approaching a 'Hormel' sector In the two years following the collapse in oil prices in 2H 14, E&P players were focused on structural c

these names have driven solid improvements to their opex/capex cost structure in recent years driving down FCF breakeven oil price substantially. Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0086603 SDNY_GM_00232787 EFTA01385319

ed throughout the year. touching a low of $2.69 in mid-December. Since then, winter has revived and has been especially strong in the Northeast and Midwest, leading to a bounce back in gas prices to $2.86 by the end of the year. However, with another three months to go for end of the withdrawal season,

perational by the end of 01-18 (see chart below), including the 1.5 Bcf/d Leach Xpress and Phase 1B (1.40 Bcf/d) and Phase 2 (1.15 Bcf/d) of Rover. Deutsche Bank Securities Inc. Page 53 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0086612 CONFIDENTIAL SDNY_GM_00232796 EFTA01385328

17 F4217 86,693 13 354 9270 7151 2,980 3259 2403 1078 492 127.134 54,4 F umu<m Unpon North America Cis Other Europe South 4/TIO, CD Middle Ent Africa Oceania Total Production %x/20/7 Production Jain-17 Fob-17 Mat-17 Apr-17 8261`17 41111-13 341-17 Aug-17 Sop-17 041-17 Nor-17 Y

36% -05% @1% 56% 24% 20% 1.2% 40% 115% 1.1% OA% -00% Zro 0.1% -20% 22% '4 0% 5otc OfueSCAO Boat ftectroorg Arww L. the Vart4 ~Anon Deutsche Bank Securities Inc. Pogo 197 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0086756 CONFIDENTIAL SDNY_GM_00232940 EFTA01385470

cularly from Europe. Indeed, our colleagues in economics currently project that headline CPI y/y will rise to 0.6% in M. Additionally conditions in the Middle East are obviously fluid and a deterioration in the security environment could push oil and inflation higher. On the other hand, a more aggressive Fed co

following charts show the cumulative excess returns from top 20 US bond funds in 2015 and the market performance of lOy yields and credit spreads. Deutsche Bank Securities Inc. Page 13 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0087394 CONFIDENTIAL SDNY_GM_00233578 EFTA01385926