turn (including dividends) of -10% or worse over a 12-month period Deutsche Bank Securities Inc. 100 200 300 400 500 600 0 Buy Hold Sell Companies Covered Cos. w/ Banking Relationship North American Universe 50 % 58 % 44 % 2 %33 % 48 % Page 5 Security Price EFTA01473344 6 May 2015 Oil & Gas Explorat

y, Target Price Change USD50.00 Equity rating dispersion and banking relationships 100 200 300 400 500 600 EFTA01473399 0 Buy Hold Sell Companies Covered Cos. w/ Banking Relationship North American Universe 50 % 58 % 44 % 2 %37 % 48 % Jun 14 Sep 14 Dec 14 Mar 15 Buy Hold Sell Not Rated Suspended

return (including Equity rating dispersion and banking relationships 1000 1200 1400 1600 200 400 600 800 0 EFTA01466494 Buy Hold Sell Companies Covered Cos. w/ Banking Relationship Global Universe 45 % 40 % 48 % 34 % 6 % 22 % Page 48 Deutsche Bank AG/London EFTA01466495