0.70 0.65 0.60 0.55 asa 0.45 0.40 0.35 :43 8 us rirc3 2 z z 1g§g ?. .22, Russia —EMEA • Oil in RUB remains close to record high... 5000 4500 4000 3500 ▪ 3000 ▪ 2500 • 2000 1500 • 1000 -> 6% ,s1. „Q. <5 4. 11 A- • 1 \ 6 a a a- a - a- a- A a a \ at 4. `,1) Vt P ib 1 1 1. moil in RUB Recent EMEA FI/EX publications: • EMFX: Assessing the vulnerability to external shocks • EM Fixed Income : What's the issue?: 9th — 16th July • The EM Local Rates Monitor • EMEA Macro Notes: Turkey: Drifting away from single-digit levels • EM FX : EM Flows and Risk Sentiment: The trend is not always your friend • EM Fixed Income : What's the issue?: 2nd - 8th Jul • EM Macro and Strategy Focus • EM Fixed Income : A quarter to forget... • EM FX : What is driving EM FX? • EMEA Macro Notes : Czech Republic (CNB): A dovish hike CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0090083 CONFIDENTIAL SDNY GM_00238287 EFTA01387446