From: Paul Morris Sent: 9/25/2014 11:29:26 AM To: Uzair Aqeel CC: Caroline Kitidis l; Nav Gupta j; Tazia Smith I j; Vinit Sahni Subject: Re: Key themes & trades Attachments: pic21923.gif; pic08924.gif;

let's try to get some folks engaged on these Paul Morris Managing Di rector Deutsche Bank Private Bank New York NY 10154 office: cell: From: Uzair Aqeel To: Tazia Smith Cc: Nav Gupta, Vinit Sahni Paul Morris Caroline Kitidis Date: 09/25/2014 08:07 AM Subject: Key themes & trades Hi Tazia,

: Fax: EFTA01470884 E-mail: Original Message From: Nav Gupta Sent: 09/10/2014 08:05 AM GDT To: Paul Morris Cc: Tazia Smith; Vinit Sahni; Uzair Aqeel Subject: Re: epstein [I] Classification: For internal use only Paul - FX 1) sell 3mth 102 $Y Puts vs buy 111 $Y Calls roughly zero upfront prem

to file: pic28488.gif) Source: Bloomberg 25-Sep-2014 Past performance is not a reliable indicator of future results. Best regards, EFTA01471138 Uzair Aqeel Investment Specialist Key Client Partners Deutsche Bank AG, Filiale London 105/108 Old Broad St (Pinners Hall), London EC2N lEN, United Kingdom

0.CEE.gifi Nav Gupta---08/11/2014 05:44:32 PM---Classification: Confidential From: Nay Gupta/db/dbcom@DBEmEA To: "AG Apu" <[email protected]>, "Uzair Aqeel" <-m>, Cc: Tazia Smith/db/dbcom@OBAMERIcAS. "Paul Morris" < "vs vinit" <[email protected]> Date: 08/11/2014 05:44 PM Subje Re: [C] ct: Classi

volatility rising across equity markets. Details included below. Thank you, Vahe Forwarded by Tazia Smith/db/dbcom on 10/15/2014 10:46 AM Fr=m: Uzair Aqeel/db/=bcom@DBEMEA To: Nay Gupta/db/dbcom@DBEMEA, Vi=it Sahni/db/dbcom@DBEMEA, Date: 10/15/2014 08:38 AM Subject:<=ont size="3"> KCP Capital Marke

volatility rising across equity markets. Details included below. Thank you, Vahe Forwarded by T=zia Smith/db/dbcom on 10/15/2014 10:46 AM From: Uzair Aqeel/db/II IIPPIPM To: Nay Gupta/db/c Vinit Sah=i/db/ci Date: 10/15/2014 08:38 AM Subject: KCP Capital Markets Ideas - US Airli=es (IJ Classificat

volatility rising across equity markets. Details included below. Thank you, =br> Vahe Forwarded by n 10/15/2014 10:46 AM - font size=3> From: Uzair Aqeel To: Nay Gupta/ Date: 10/15/2014 Subject: KCP Capital Markets Ideas - US Airli=es [Il Classification: For internal use only The equity sell-of