r I e an roup a on eme SOUTHERN FINANCIAL, Lit Request 182298 As of 10 Mar 15 11 Mat 2015 Page 1 Of 3 Deutsche Bank AG For Sales Inquiries Contact Daniel Sabba !Tel' !Erna I, For questions relating to this statement contact Valuations NY (Tel) (Email) SOUTHERN FINANCIAL. LLC To: Gmail (Email) .Richard Kahn12 (Email) .Hnw Chentservices (Email) Gedeon Pinedo (Email) g ahe Stepanian (Email) Amanda Kirby (Email) ,Paul Morris (Email) Anane Dwyer (Email) Mark Whyman (Email) Daniel Sabba (Email) Fx Rae: USD/EUR = 9340120488 Note:-All Values are shown from the DB Groups point of view. A negative Value therefore expresses an amount which is in your favour, while a positive amount is one which is in DB Group favour. The terms and conditions of each transaction are specified In the relevant trade Confirmation. Deutsche Bank Group ("DB") is providing the valuations set forth above as an accommodation to you solely for your own internal use. Unless expressly stated otherwise, valuations represent DB's current economic assessment of the transaction or instrument as of the date specified. DB's economic assessment is typically derived all or in part from model prices, external sources, market prices and/or DB's internal books and records prices. Valuations may be adjusted to take into account market, liquidity, credit, operational or other risks, and/or to reflect adjustments based upon our willingness to unwind all or part of your position or revenue that has been generated but not yet recognized by DB ("Premium Adjustments"). Such Premium Adjustments will generally always decline over time. as DB's appetite to unwind at a premium will generally decline over time, which will lead to lower valuations in the absence of changes in market conditions. Valuations, including those containing Premium Adjustments, may not represent the terms at which new transactions a instruments could be entered into with DB or the terms at which existing transactions