From: valuations.system@db.com [valuations.system@db.com]
Sent: 11/24/2015 3:56:10 AM
To:
• hnw.clientservices@db.com;
Subject: Valuation Statement for SOUTHERN FINANCIAL, LIC as at 23 Nov 2015 - Request 182298
Attachments: 182298_20151123_20151124_1.pdf; 182298_20151123_20151124_1.csv
Dear Sir/Madam,
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 Bank Group
customer valuations Group
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We also direct you to the following additional disclosures:
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http://cbs.db.com/new/docs/Dai 1y_Ma rk_Methodo1ogi es_and_Assumptions_Di scl osure_MMrch_28_2013_(2) pdf
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https : //www. db . com/en/medi a/EMIR-Portfol i o -Re conci1i ati on -and-Di spute-Resol ut i on-Val uati on-Di scl osu re -
Statement.pdf
182298_20151123_20151124_1
90437363
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 118970
CONFIDENTIAL SDNY_GM_00265154
EFTA01458858