From: Darlene Zong Sent: 9/16/2016 12:37:40 PM To: Stewart 0ldtield I Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For internal use only Happy Friday— Just spoke with EM debt syndicate again.. There's nothing they can share prior to the deal announcement, at which point everything should become public.. Estimated timing / update in end September. I searched online but didn't get much update either... Will keep an eye on it From: Stewart Oldfield Sent: Thursday, September 15, 2016 5:53 PM To: Darlene Zong Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For Internal use only Have you heard anything new on this? Thanks From: Darlene Zong Sent: Monday, August 29, 2016 12:09 PM To: Stewart Oldfield; Vahe Stepanian; Daniel Sabba Cc: Joseph Dursi Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For Internal use only Just spoke with the syndicate desk — timing is expected in October yes, but there's not much we can comment on at this point, including our role on the deal. Hoping after Labor Day there will be more info that can be publicly discussed.. L.... Darlene Zong, CFA Key Client Partners I Deutsche Bank Securities. Inc From: Stewart Oldfield Sent: Monday, August 29, 2016 11:49 AM To: Vahe Stepanian; Daniel Sabba; Darlene Zong Cc: Joseph Dursi Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For Internal use only Guess we aren't leading the deal CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0080925 CONFIDENTIAL SDNY_GM_00227109 EFTA01381773