From: Tazia Smit Sent: 6 23 2014 12:05:49 PM To: CC: Paul Morris Subject: EC] Classification: Confidential Hi Rich - • Vahe Stepanian Just a heads up since Jeffrey just called to ask and we want to make sure you have the info too - his 4.5mm PDVSA 5% 10/28/15 are trading 96x96.50 As relayed to Jeffrey, this is an As Agent indicative market - our desk that looks for best bids/offers, not a market from DB only. Jeffrey just commented on the good rally, no trade right now (recall he owns them —92.33) Speak Soon! Tazia Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset 8 Wealth Management 345 Park Avenue. 10154-0004 New York. NY, USA Tel. +1(212)454-2889 Fax +1(646)257-3131 Mobile +1 (917)327-4107 Email tazia.srnithedb.com Pelftrren, CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 124066 CONFIDENTIAL SDNY_GM_00270250 EFTA01461811