Passcode: (More dial ins below) 1 week Replay (available from a couple of hours after the call ends): International: US: Reservation number: Participant FreeCall Dial in numbers: United Kingdom Belgium Brazil Bulgaria Chile China Colombia Denmark Estonia Finland Hon: Kong Hungary Ireland Israel Latvia Luxembourg Netherlands New Zealand Portu al Greece Indonesia Korea South Philippines Singapore Sweden Turkey Belgium, Brussels Argentina Poland Slovak Republic Switzerland United States China Denmark, Copenhagen Paris Germany, Frankfurt Dublin Ireland, Dublin Italy, Milan Vilnius Netherlands, Amsterdam Warsaw Russian Federation, Moscow Madrid Sweden, Stockholm Australia Austria Canada Cyprus France Czech Republic Germany • India Italy Japan Malaysia Norway Russian Federation South Africa Spain Taiwan Thailand Participant LocalCall Dial-In Numbers: Austria, Vienna China, Domestic Czech Republic Estonia, Tallinn Finland, Helsinki India, Bangalore Prague France, Ireland, Latvia, Lithuania, Norway, Oslo Poland, Singapore, Sin a ore Switzerland, Bellinzona Let us know if you would like to add a colleague to this distribution list. Torsten Slok, Ph.D. Chief International Economist Managing Director Deutsche Bank Securities 60 Wall Street New York, New York 10005 Tel: a Mexico Spain, This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055634 CONFIDENTIAL SDNY_GM_00201818 EFTA01365038






























