with permission of Bloomberg Finance LP KCP capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma (Embedded image moved to file: pic30802.gif) Nam Gupta Managing Director Deutsche Bank AG, Filiale London Deutsche Asset & wealth Management 105/108 Old Broad St (Pinners Hall), EC2N lEN London, Unite

Original Message From: Tazia Smith Sent: 03/13/2014 06:01 PM EDT To: "Jeffrey epstein" <[email protected]> Cc: Paul Morris; Vinit Sahni; Nam Gupta; Vahe Stepanian; "Jean Anne Wiebracht (jeanie)" "Rich Kahn" Subject: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [CI Classification: Confi

26th Floor New York NY 10154 Tel: Mobile: Fax: E-mail: Original Message From: Paul Morris Sent: 03/13/2014 06:53 PM EDT To: Vinit Sahni; Nam Gupta; Tazia Smith Subject: Fw: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: Confidential He mentioned this trade in our mtg y

6th Floor New York, NY 10154 Tel: Mobile: Fax: E-mail: Original Message From: Paul Morris Sent: 03/13/2014 06:53 PM EDT To: Vinit Sahni; Nam Gupta; Tazia Smith Subject: Fw: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: Confidential He mentioned this trade in our mtg y

(See attached file: DB FX Blueprint - Outlook 2014.pdf) (Embedded image moved to file: pic03388.gif) Nam Gupta Managing Director Deutsche Bank AG, Filiale London Deutsche Asset & wealth management 105/108 old Broad St (Pinners Hall), EC2N lEN London, unite

ndependence Low inflation and weak exports are likely to preclude any rate hikes in 2014 <mime-attachment.gif> Best, Nay onime-attachment.gif> Nam Gupta Managing Director Deutsche Bank AG, Filiale London Deutsche Asset & Wealth Management 105/108 Old Broad St (Pinners Hall), EC2N lEN London, unite

(Embedded image moved to file: pic27285.gif) Nam Gupta Managing Director Deutsche Bank AG, Filiale London Deutsche Asset & wealth Management 105/108 old Broad st (Pinners Hall), Ec2N lEN London, unite

2:43:46 PM---The qns are 1) do we think usdjpy can exceed 103 his approx break even from current valuation before maylst and 2) is it worth From: Nam Gupta/db/dbcom@OBEMEA To: Tazia smith/db/dbcomOdbamericas, cc: vinit sahni/db/dbcom@dbemea, Paul morris/db/dbcom@dbamericas Date: 04/21/2014 02:43 PM