for main EM markets x 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 0% 2% 4% 6% 8% 10% 12% 14% EFTA01466409 16% EV/NCI (2007) - LHS EV/NCI (2013) - LHS CROCI (2007) - RHS CROCI (2013) - RHS Source: Deutsche Bank, Bloomberg Finance LP Page 8 Deutsche Bank AG/London EFTA01466410 11 D