f single-names we highlighted in our email yesterday. Best Regards, Tazia — Forwarded by Tazia Smith/db/dbcom on 12/19/2013 10:20 AM ---- From: 'Taisuke Tanaka. Deutsche Securities Inc." To: Tazia Smith/db/dbcom@DBAMERICAS. Date: 12/18(201312:36 AM Subject: DEutsche JApan View on FX - DB. yen-bear. tal

vp zero-cost one touch (indicative levels below). Thoughts? Best Regards, Tazia Forwarded by Tazia Smith/db/dbcom on 11/18/2013 11:03 AM From: "Taisuke Tanaka, Deutsche Securities Inc." < > To: Tazia Smith/db, Date: 11/17/2013 10:41 PM Subject: DEutsche JApan View on FX - USD/JPY: Self-enforcing trend

the downward pressure on the yen stemming (as an auxiliary effect) from the BoJ's easing stance, and expect the USD/JPY to reach Y115 by end-2014. Taisuke Tanaka From: To: [email protected], Cc: ahe stepanian/db/dbcom0064mericas, Paul Morris Date: 11/15/2013 10:14 AM Subject: USDcJPYp zero cost on

p zero-cost one touch (indicative levels below). Thoughts? Best Regards, Tazia Forwarded by Tazia Srnithldbrdbcom on 11/182013 11'03 AM -- From. "Taisuke Tanaka. Deutsche Sectsities Inc." < To. Tazia SmitlVdtk , Date: 11/17/2013 10:41PM Subject. DEutsche JApan View on FX - USD/JPY: Sell-entorcing trend

he downward pressure on the yen stemming (as an auxiliary effect) from the BoJ's easing stance, and expect the USD/JPY to reach fif115 by end-2014. Taisuke Tanaka From: To. [email protected]. Cc. Paul Moms rate• Subject. USCic.)PYp zero cost one-touch option... (C) Classification: Confidential Jef

378.78 Premium Date: Thu 04-Sep-2014 Net Premium: <Client> Receives USD 41,503 Forwarded by Tazia Smith/db/dbcom on 09/02/2014 08:55 AM From: "Taisuke Tanaka, Deutsche Securities Inc." <[email protected]> To: Tazia smith/db/dbcomOD8AMERIcAs, Date: 08/21/2014 02:42 AM Subject: DEutsche

The quantitative and qualitative monetary easing policy being prolonged beyond the second year would mean continuing support for JPY depreciation. Taisuke Tanaka Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue. 10154-0004 New York. NY, L

The quantitative and qualitative monetary easing policy being prolonged beyond the second year would mean continuing support for JPY depreciation. Taisuke Tanaka (Embedded image moved to file: pic27293.gif) Tazia Smith Director I Key Client Partners - US DS Securities Inc Deutsche Asset & wealth Managemen

.78 Premium Date: Thu 04-Sep-2014 Net Premium: <Client> Receives USD 41,503 Forwarded by Tazia Smah;dtklbcom on 09/02,2014 08.55 AM --- From. "Taisuke Tanaka. Deutsche Securities Inc" To' TS* Smittildbrilbcom@DBAMERICAS. Date: 06/21/2014 02:42 AM Subject: DEutsche JApan View on FX - USW PY: Stay bull

Alan Ruskin Daniel Brehon Drausio Giacomelli Guilherme Marone Mauro Roca Singapore Sameer Goel Mallika Sachdeva Sydney John Horner Tokyo Taisuke Tanaka Head of FX Strategy Bilal Hafeez Deutsche Bank AG/London DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MICA(P) EFTA01464418

USD -378.78 Premium Date: Thu 04-Sep-2014 Net Premium: <Client> Receives USD 41,503 Forwarded by Tazia Smith on 09/02/2014 08:55 AM From: "Taisuke Tanaka, Deutsche Securities Inc." To: Tazia Smith Date: 08/21/2014 02:42 AM Subject: DEutsche JApan View on FX - USD/JPY: Stay bullish Deutsche Securiti

78 Premium Date: Thu 04-Sep-2014 Net Premium: <Client> Receives USD 41,503 Forwarded by Tazia Smith on 09/02/2014 08:55 AM From: To: Date: "Taisuke Tanaka, Deutsche Securities Inc." <I =MI Tazia Smith 08/21/2014 02:42 AM Subject: DEutsche JApan View on FX - USD/JPY: Stay bullish Deutsche Securities

•, )"O:k Alan Ruskin Daniel Breton Drausio Giacomolk Guilherme Marone Stne.apO1O Seined God Mallika Sachdeva Pen KoJodi* Main Boyton Tokyo Taisuke Tanaka Head of FX Strategy Real Halm Deutsche Bank AG/London DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MICA4P) 054/04/2013. CON

oreign asset fledge demand 08 . .end on.•,:nd 10 12 14 60 70 80 90 100 110 120 130 140 150 James Malcolm, London, (+44)20754 50884 Taisuke Tanaka, Tokyo +87 (03)5156 671J Doutscho Bank AG/London CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00253628 DB-SDNY-0 107444

•, )"O:k Alan Ruskin Daniel Breton Drausio Giacomolk Guilherme Marone Stne.apO1O Seined God Mallika Sachdeva Pen KoJodi* Main Boyton Tokyo Taisuke Tanaka Head of FX Strategy Real Halm Deutsche Bank AG/London DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MICA4P) 054/04/2013. CON