From: Sent: To: ; Amanda Kirby ( ; Joseph Cothron , Paul Morris ; Tazia Smith ( ; Vahe Stepanian Subject: Valuation Statement for SOUTHERN FINANCIAL, LLC as at 18 Jun 2014 • Request 182298 Attachments: 182298_20140618_20140619_1.pdf; 182298_20140618_20140619_1.csv Valuations System 6/18/2014 9:53:53 PM Dear Sir/Madam, ;GedeonPMedo Please find attached the valuation as of the value date specified in the attached statement. For queries please contact the number provided on the statement. Kind regards, Deutsche Rank Group customer valuations Group This is an automated email account. Please do not reply to this email as the account is not monitored. valuations are sent to you subject to our valuation Disclosure statement. we also direct you to the following additional disclosures: In reference to the provision of valuations for daily marks: http://cbs.db.com/new/docs/Daily_klarki4ethodologies_and_Assumptions_Disclosure_Nerch_28_2013_(2).pdf In reference to the provision of portfolio data and dispute resolution under EMIR: http://cbs.db.com/new/docs/Valuation_Statement_-_EMIR_Language_1309.pdf 182298_20140618_20140619_1 60014979 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0112528 CONFIDENTIAL SONY GM_00258712 EFTA01454431