remiums which are close IPE Brent lmo Implied Vol - Mid Implied Vol image moved to file: pic19678.gif) image moved to file: pic00922.gif) Source: DB AnalyzerLite, 11/5/13 (Embedded image moved to file: pic26227.gif) Tazia smith Director I Key Client Partners - uS Deutsche Bank Securities Inc Deutsche Asse

97.5 95.0 92.5 0 S 10 15 20 25 30 35 Date fe-Close Price (04-Nov-2013) -9-Close_Price 104-Oct-20131 t-Close_Price (05-Sep-20131 Source: DB AnalyzerLite, 11/5/13 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0122998 CONFIDENTIAL SDNY_GM_00269182 EFTA01461148

ws. IPE Brent lmo Implied vol - Mid Implied vol (Embedded image moved to file: pic00646.gif) (Embedded image moved to file: pic26855.gif) Source: DB AnalyzerLite, 11/5/13 Please join Deutsche Bank for a Conference Call on Monday November 25, 2013 10am ET The Outlook for Oil Prices in 2014 Hosted by: S