From: Joshua Shoshan Sent: 1/21/2014 4:00:42 PM To: Joshua Shoshan CC: Caroline Kitidis Chip Packard Michael laquinta Tazia Smith Subject: Re: Fw: KCP 101: Santander IPO (I) Attachments: pic08281.gif; pic12339.gif; pit31107.gif; pic2S062.gif ; Haig Ariyan Classification: For internal use only Greetings. Tazia came by. It was earlier proposed that Mr. Epstein would get a 50bps allocation off the top of the wealth management allocation. Is that agreeable to you? Best regards, --Josh Joshua shoshan Director Deutsche Bank Securities Inc. Private wealth Management - Americas Private client services 345 Park Ave, 26th Floor New York, NY 10154 Office 212 454 4433 Cell E-Fax From: Joshua Shoshan/db/dbcom To: Caroline Kitidis/db/dbcom, Cc: Chip Packard/db/dbcorm&OBAmeri cas , Haig Ari yan/db/dbcom&OBAme ri cas Tazia Smi th/db/dbcom, Michael Iaqui nta/db/dbcom Date: 01/21/2014 02:16 PM Subject: Re: Fw: KCP IOI: Santander IPO [I] Classification: For internal use only Tazia, please feel free to chime in on how many shares of an allocation Mr. Epstein would be reasonably satisfied to receive. Re his 150k indication, the entire division may get perhaps 500k shares (DB has junior economics). Best regards, --Josh Joshua shoshan Director Deutsche Bank Securities Inc. Private wealth management - Americas Private Client services 345 Park Ave, 26th Floor New York, NY 10154 Office 212 454 4433 Cell E-Fax 646 808 3499 From: Caroline Kitidis/db/dbcom CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0121961 CONFIDENTIAL SDNY_GM_00268145 EFTA01460595