From: Melinda Roy Sent: Thursday, July 30, 2015 9:38 AM To: Stewart Oldfield; Jj Litchford Cc: Paul Morris Subject: RE: DB market outlook research and client conference call details JJ and I can put the email together today and submit it for approval so you can send it out tomorrow or Monday. Does that work? From: Stewart Oldfield Sent: Thursday, July 30, 2015 9:34 AM To: Jj Litchford; Melinda Roy Cc: Paul Morris Subject: FW: DB market outlook research and client conference call details When should we do the next research email? From: Stewart Oldfield Sent: Monday, July 06, 2015 4:44 PM To: Stewart Oldfield Cc: Paul Morris Subject: DB market outlook research and client conference call details Please see the latest market outlook research pieces from DB attached. Larry Adam will host a client call next week to discuss this global outlook (details are below). I have also attached today's CIO Flash about the Greek referendum. There EFTA01474158

will likely be a few of these types of publications and calls on Greece as events unfold over the coming days and weeks. Given the potential volume of these, please let me know if you would like to continue to receive updates there. Please let me know if there is anything else we can do to be helpful. Thanks Please plan to join us on Thursday, July 16th, 2015 for a conference call presentation with Larry Adam, Chief Investment Officer, Wealth Management — Americas and Chief Investment Strategist, Deutsche Asset & Wealth Management — Americas. {Larry Adam 3015 Outlook invite.jpg} <image006.png> Deutsche Asset & Wealth Management — Conference Call Third Quarter 2015 Global Outlook with Larry Adam, Chief Investment Officer, Wealth Management — Americas and Chief Investment Strategist, Deutsche Asset & Wealth Management — Americas. Date: Thursday, July 16th, 2015 Time: 4:15 p.m. ET Conference details: The live presentation can be accessed by clicking here EFTA01474159

If audio is not available on your computer, please dial: U.S.: International: Conference code Replay details: Audio replay will be available four hours following the presentation U.S.: I International: Access Code: Please click here to replay the presentation Note: Prior to joining, to ensure a successful user experience test your connection. Connection Test: Click Here This invitation is not transferrable. "Deutsche Bank" means Deutsche Bank AG and its affiliated companies. Deutsche Asset & Wealth Management represents the asset management and wealth management activities conducted by Deutsche Bank AG or its subsidiaries. Banking and lending services are offered 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 Securities Inc. is a member of FINRA, NYSE and SIPC. 0 2015 Deutsche Bank AG. All rights reserved. 021600.063015 {cid:[email protected]} EFTA01474160

Stewart Oldfield, CFA, CAIA Director Deutsche Deutsche 345 Park Tel. Mobi Email Bank Trust Company Americas Asset & Wealth Management Avenue, New York, NY 10154 blackberry {cid:[email protected]} Securities offered through Deutsche Bank Securities Inc. EFTA01474161