From: Sent: To: ; Amanda Kirby I ; Joseph Cothron , Paul Morris ; Tazia Smith ; Vahe Stepanian Subject: Valuation Statement for SOUTHERN FINANCIAL, LLC as at 2 May 2014 - Request 182298 Attachments: 182298_20140502_20140505_1.pdf; 182298_20140502_20140505_1.csv Valuations System 5/2/2014 10:56:09 PM Dear Sir/Madam, ;GedeonPinedo Please find attached the valuation as of the value date specified in the attached statement. For queries please contact the number provided on the statement. Kind regards, Deutsche Bank Group customer valuations Group This is an automated email account. Please do not reply to this email as the account is not monitored. valuations are sent to you subject to our valuation Disclosure statement. we also direct you to the following additional disclosures: In reference to the provision of valuations for daily marks: http://cbs.db.com/new/docs/Daily_Mark_Methodologies_and_Rssumptions_Disclosure_March_28_2013_(2).pdf In reference to the provision of portfolio data and dispute resolution under EMIR: http://cbs.db.com/new/docs/Valuation_Statement_-_EMIR_Language_1309.pdf 182298_20140502_20140505_1 57595498 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0112037 CONFIDENTIAL SONY GM_00258221 EFTA01454102