jllk For Key Client Partners or US Institutional Investors. Not for Retail Distribution Opportunities in the US Municipal Market January 2017 Municipal Capital Markets Desk Contacts: Svetlana Segal, Director, +1(212) 250-8257 Michael Kowal, Vice President, +1(212) 250-8257 Structured Solutions Desk Contacts: Ron Vandenhandel, Director, +1(212) 250-8401 Adrienne Coyle, Vice President, +1(212) 250-3958 Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank AG. conducts investment banking and securities activities in the United States. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0068121 SDNY_GM_002 14305 EFTA01373766