New Suggested Basket Sector Company Current Price DB Rating DB Price Target %change to target Price as of 12/17/13 % vs. current Auto Toyota 5830 Buy 8000 37% 6100 -5% Retail Rakuten 1524 Hold 1750 15% 1491 2% Consumer Seven & I Holdings 3837 Buy 4700 22% 3840 0% Finance Resona 550 Buy 785 43% 510 7% Insurance Dai-ichi Life 1458 Buy 1940 33% 1620 -11% Consumer Electronics Panasonic 1262 Buy 1300 3% 1170 7% Electronic Equipment Hitachi* 770 NA 912.5 19% 752 2% Automation Equipment Omron* 3935 NA 4608 17% 4180 -6% Shipping Kawasaki Kisen 225 Buy 330 47% 234 -4% Average implied up/downside: 26% -0.8% Not covered by DB. Price target reflects Bloomberg Average target. Nikkei 14,180.38 19,000 34% 15,278.63 -8% Topix 1,162.64 1,232.31 -6% Source: Bloomberg as of 2/5/14 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 4.5 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0123349 SDNY_GM_00269533 EFTA01461355