erolke COMMUnCated by Onsche Ben AG Frankton eAlnonted by the Oaf, n In the Unsed Kingdom this neon is approved 'walla commonated by Deutacts. tat AG London, • tremble of the London Seat &change and regaled by the Funnel Conduct Authority for the conduct of tweet/rem Ohara° h the UK and ••ahaff dad by th

ternational Locations Deutache Bard AG Deutsche Bank Place Level 16 Corner of Hunter & Phillip Streets Sydney. NSW 2000 llOtitt,..." 1:0 Bhfli, AG London I Great Winchester Street London EC2N 2E0 United Marcel Cassard Global Head FICC Research & Global Macro Economics Ralf Hoffmann Regional Hee

28.'12 43.61 24.09E 37% Sane Deutsche Bart axi Swag as of Piwtormanai is historic-1 and 0048 not guarantee future mutt Matt we 1901leoled by Dt3 AG London. Performance Inloneabon formates vas not calculate:I by an Independent calcutaVon agent niex return nen reenteelment of *mends and do not reflect an