As per our conversation, we have decided to add and format the s/s as per below. Saved: ZAKCP • Americas \ KCP Capital Markets \GNI KCP Main Client List •Xavi — let us know if you have any objections to what we are trying to do. Tab 1 -Main file 'WM KCP GM Clients' -Will sh

anker Team: Stewart Oldfield GCIS Number: Relationship Team: ISG: Andrew King DPM: Paul Bartilucci KCP: Xavi Avila/Martin Zeman/Joshua Shoshan (KCP Capital Markets) and Vahe Stepanian (Coverage) Client Profile Lending: Laura Farischon Trust/Custody: WPS: Sam Petrucci Deposits: Charlie Burrows Other: Jeff

Stewart Oldfield GCIS Number: 00000427075 Relationship Team: ISG: Andrew King DPM: Paul Bartilucci KCP: Xavi Avila/Martin Zeman/Joshua Shoshan (KCP Capital Markets) and Vahe Stepanian (Coverage) Client Profile Lending: Laura Farischon Trust/Custody: WPS: Sam Petrucci Deposits: Charlie Burrows Other: Jeff

ern Financial Banker Team: Stewart Oldfield GCIS Number: 00000427075 Relationship Team: ISG: DPM: KCP: Xavi Avila/Martin Zeman/Joshua Shoshan (KCP Capital Markets) and Vahe Stepanian (Coverage) Client Profile Lending: Trust/Custody: WPS: Deposits: Other: Jeffrey Edward Epstein (born January 20, 1953) is

ern Financial Banker Team: Stewart Oldfield GCIS Number: 00000427075 Relationship Team: ISG: DPM: KCP: Xavi Avila/Martin Zeman/Joshua Shoshan (KCP Capital Markets) and Vahe Stepanian (Coverage) Client Profile Lending: Trust/Custody: WPS: Deposits: Other: Jeffrey Edward Epstein (born January 20, 1953) is

e money to GM, and if we go the WM route we keep 100% of the MU, not an issue for a 10k deal, but this is something we need to think as we grow our KCP Capital Markets business. 2) Not with every client we have both WM and GM capabilities, so we need our WM set up to get up to speed and effectively teach GPS how t

) Daily 293M2009-28JAIC014 COpyrIght0 2014 5100Mbefg flf..41ICe L 28.32n-201416:07 1 \kith OF iiii,11117 6.0000 5.0000 4.0000 3.0000 2.0000 KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma Nav Gupta Managing Director Deutsche Bank AG. Finale London Deutsche Asset E. Wealth Management 105110

Jun Sep Dec 2013 EUR Curncy (Euro Spot) Daily 033dN2013-03.3UN2014 KCP Capital Markets Apurva Gupta Associate Key Client Partners Capital Markets Group Deutsche CIB Centre Private Limited Asset and Weath Management Block 81. NirIon

Implied 6m correlation: -12.0% KCP Capital Markets (Embedded image moved to file: pic20874.gif) Apurva Gupta Associate I Key client Partners capital Markets Group Deutsche cIB centre Private Limit

.pdf Option details Type: Underlying: Expiry: Strike: Contingency: Offer: Reference spot: Implied call volatility: Implied 6m correlation: KCP Capital Markets European call subject to contingency FTSE 100 Index 19-Dec-14 7000 (3% OTMspot) EURGBP FX less than or equal to 0.785 (1.9% from spot) at expiry

ternal use only Hi all, Just wanted to let you know Daniel Saba (Director) started today from BAM. He will be focused on building and managing our KCP Capital Markets efforts for the US. He will spend the coming months meeting our clients & building relationships, building content/best ideas, setting up processes

Subject: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [I] From: Tazia Smith sz: > Date: Tue, 28 Jan 2014 12:24:03 -0500 To: [email protected] Cc: Paul Morris < Vinit Sahni < Nav Gupta Vahe Ste

Subject: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [I] From: Tazia Smith sz: > Date: Tue, 28 Jan 2014 12:24:02 -0500 To: [email protected] Cc: Paul Morris < Vinit Sahni < Nav Gupta Vahe Ste

1s ) Sent: 1/28/2014 1:02:52 PM To: [email protected] Subject: Re: Depressed options volatility makes 'Renmimbi weaker' hedges very cheap I KCP Capital Markets [C] Classification: Confidential Classification: For internal use only don't be, these are very complicated situations and you have good intel and

d volatility IF USDCNH starts to retrace higher, option sellers will short cover options they have -ictl with permission cif Bitionttcrtt Emmy LP KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma Nav Gupta Managing Director Deutsche Bank AG. Male London Deutsche Asset 8 Wealth Management 109108 Ol

.58 AM --. From: Nay Guptardb. To: Date: 01/282014 09:44 AM Subject: Depressed options volatility makes 'Renngmbi weaker' hedges very cheap I KCP Capital Markets (I) USDCNH call options underprice the possibility of higher USDCNH. This could result from unwinding of heavy positioning long CNN vs USD resultin

2 2013 20: uSDCW.flY Conk, (u5D-C14400Vol ATM 1Y) Daily 29.1aN2039-25.1M2014 Copyright0 2014 Bloomberg birarcel.o. 2S-2an-2014 15:01:27 k% I'm KCP Capital Markets Vinit Sahni I Nav Gupta I Vanshree Verma Nav Gupta Managing Director Deutsche Bank AG. Filial* London Deutsche Asset & Wealth Management 109108