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Organization referenced in documents
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(known as SOLAR ideas) that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. These trade ideas can be found at the SOLAR link at http://gm.db.com. 3. Country-Specific Disclosures Australia and New Zealand: This research, and any access to it. is intended only for 'who
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ve shorter-term trade ideas that may be inconsistent with Deutsche Bank's existing longer-term ratings. Trade ideas for equities can be found at the SOLAR link at http://am.db.com. A SOLAR idea represents a high-conviction belief by an analyst that a stock will outperform or underperform the market and
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ve shorter-term trade ideas that may be inconsistent with Deutsche Bank's existing longer-term ratings. Trade ideas for equities can be found at the SOLAR link at http://gm.db.com. A SOLAR idea represents a high-conviction belief by an analyst that a stock will outperform or underperform the market and/
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ve shorter-term trade ideas that may be inconsistent with Deutsche Bank's existing longer-term ratings. Trade ideas for equities can be found at the SOLAR link at httpJ/gm.db.com. A SOLAR idea represents a high-conviction belief by an analyst that a stock will outperform or underperform the market and/
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ve shorter-term trade ideas that may be inconsistent with Deutsche Bank's existing longer-term ratings. Trade ideas for equities can be found at the SOLAR link at http://gm.db.com. A SOLAR idea represents a high-conviction belief by an analyst that a stock will outperform or underperform the market and
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term trade ideas that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. Trade ideas for equities can be found at the SOLAR link at http;//grn.db.com. A SOLAR idea represents a high conviction belief by an analyst that a stock will outperform or underperform the market an
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term trade ideas that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. Trade ideas for equities can be found at the SOLAR link at http;//grn.db.com. A SOLAR idea represents a high conviction belief by an analyst that a stock will outperform or underperform the market an
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rade ideas that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. These trade ideas for equities can be found at the SOLAR link at htto.//gm db com. A SOLAR idea represents a high conviction belief by an analyst that a stock will outperform or underperforrn the market an
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(known as SOLAR ideas) that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. These trade ideas can be found at the SOLAR link at http://gm.db.com. 3. Country-Specific Disclosures Australia and New Zealand: This research, and any access to it, is intended only for "w
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(known as SOLAR ideas) that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. These trade ideas can be found at the SOLAR link at http://gm.db.com. Research Deutsche Bank [email protected] http://houseview.research.db.com TheHouseView Special — 9 December 2015

Deutsche Bank
OrganizationGerman global banking and financial services company

Bloomberg L.P.
OrganizationAmerican privately held financial, software, data, and media company
the Research Department Management
OrganizationOrganization referenced in documents
Deutsche Bank Securities Inc.
OrganizationDeutsche Bank Securities Inc., US broker-dealer subsidiary of Deutsche Bank AG

New Zealand
LocationIsland country in the southwest Pacific Ocean
Standard & Poor's
OrganizationAmerican credit rating agency (S&P Global)
Nippon
OrganizationJapanese industrial conglomerate

Target
OrganizationAmerican retail corporation

Malaysia
LocationCountry in Southeast Asia
Japan Investment Advisers Association
OrganizationOrganization referenced in documents

Frankfurt
LocationCity in Hesse, Germany

Moody's
OrganizationAmerican credit rating agency
David Folkerts-Landau
PersonPerson referenced in documents
Marcel Cassard
PersonPerson referenced in documents
Steve Pollard
PersonPerson referenced in documents
Andreas Neubauer
PersonPerson referenced in documents
Bloomberg Finance LP
OrganizationBloomberg Finance LP, financial data and media company
Deutsche Securities Korea Co.
OrganizationOrganization referenced in documents
Deutsche Bank AG Johannesburg
OrganizationDeutsche Bank subsidiary

United Kingdom
LocationCountry in north-west Europe