SOF III - 1081 Southern Financial LLC DB Secondaries leverages global sourcing capabilities With particular strengh in Europe Sourcing levers Access to >250 GPs and Access to DB PE global >450 fund investments' platform' North America pi?•-e - nr",14/" dr-i= / Lon / New York Differentiated structuring capabilities of Secondary Team Perceived secondary market efficiency Asia Seller location, by value2 Deal source by value2 1) DB PE's own calculation as of September 30. 2011 Subject to Deutsche Banks internal policies and procedures. GP = General Partner. 2) The DB Secondanes Funds' portfolio by fair market value as at September 30: 2013 Historical deal characteristics do not provide a prediction of future trends. Deutsche Asset Wealth Managerneni • Europe • North America Rest of the World • Proprietary • Limited process !!! Syndication • Auction = 0% 20 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 108628 CONFIDENTIAL SDNY_GM_00254812 EFTA01451810