28 February 2013 Exchange Rate Perspectives Deutsche Bank Figure 25: BoC Non-Energy Commodity Price (Non inal) See 450 4C0 350 XO 250 2C0 150 1C0 BoC Non- EnettnConlinatitiPlite Index Avolne 727476788082641358893929495960002040608 10 12 50) 450 400 350 300 250 2C0 150 100 Figure 27: BoC Energy Commodity Price (Nominal) 2500 2500 2000 BoC Energy Conwnottay Me, 2000 Avenge 1500 v it" 1500 1000 A ill •moo 6 500 4 500 0 0 72 id /6188082848688909294 969800020406061012 Figure 29: Commodity Price Indices 480 430 380 330 280 230 180 130 80 B6 — - Con mas:My Ina 'minx itionanat 'NI Commodity Rice WM PloinInail Ccamoolry Pram Index itton-tnaii JIM1986.1C0 88 90 92 94 96 98 00 02 04 06 08 10 12 Same °Mir* Sr* .4al, 530 490 430 380 330 200 230 180 130 OD Figure 26: BoC Non- Energy Commodity Prices (Real) 5/ 54 51 48 Figu e 28: BoC Energy Commodity Price (Real) BoC Non- Energy Commodes Rice Index IRefl Avelope LinneatentlIne 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 5.1 54 51 49 45 75 BoC En...fp/Commodity Pnce Index (Rea lalear Trend, 65 5 5 5 727474788092848488909294949803020404081012 74 72 7 8 66 64 62 6 58 56 54 52 5 Figure 30: Ratio of Commodity Price Indices 19 15 ol Ausliolea io NIComo:IN Yore Inckles Normal) &MO of Canada to NZ Commodity Rice inctoes 'Normal) - 1 2 07 T T . i r l r i i i r 07 86 88 90 92 SI 96 98 00 02 04 06 08 10 12 Pago 32 Deutsche Bank AG/London CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 104620 SDNY_GM_00250804 EFTA01449281