0 1999 2000 2001 2002 2003 2004 2005 2006 2007 Deutsche Bank Corporate Banking & Securities Source: S&P LCD CLO Activity as of Feb 2014. S&P CLO Databank as of Feb 2014 CLO issuance for March 2008 excludes 3 Market Value vehicles restructured to cash flow. 16 Issuance ($bns) EFTA01479736 CLO Col