From: Stewart Oldfield Sent: 10/24/2017 11.31 47 AM To: Martin Zeman Subject: RE: Call with our Muni desk - [I] Just had a good chat with Rich. Let's chat before we talk to Paul. Thanks From: Martin Zeman Sent: Monday, October 23, 2017 10:31 AM To: Stewart Oldfield Subject: RE: Call with our Muni desk - [I] Classification: For internal use only lam From: Stewart Oldfield Sent: Monday, October 23, 2017 10:22 AM To: Martin Zeman Subject: RE: Call with our Muni desk - [I] You around today? From: Martin Zeman Sent: Thursday, October 19, 2017 11:04 AM To: Stewart Oldfield Subject: RE: Call with our Muni es c - I I apologize Stewart, didn't realize this. I will unwind this. Let's talk when you're back. From: Steuart Oldfield Date: Thursday, Oct 19, 2017, 10:51 To: Martin Zeman...um Subject: Re: Call , Classification: For Internal Use Only Please don't have this call. Deposits are strategically important to us. Jeffrey also has a specific tax set up that makes munis less attractive. We should have discussed this first. Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154■ CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0088983 CONFIDENTIAL SONY GM_00235167 EFTA01386995