SOF III - 1081 Southern Financial LLC DB SOF II' cashflow profile Despite the young age of the fund, DB SOF II has already returned capital to investors Cumulative cash flows to investors US$m 700 600 500 400 300 196 200 135 161 161 100 35 Net contributed capital as % of commitment Net contributed capital = Capital Calls — Distributions 100% 75% 50% 25% 0 0% N N N N M el 2 9 2 2 2 2 2 2 Cumulative Distributions i ielo iCumulative Capital Calls — —Committed Capital 6% 6% 9% 9% 15% 22% 26% 25% 29% 0 R 0 2 (1) Performance figures have been calculated based on the unaudited performance results of DB SOF II as of September 30. 2013 and should be read and reviewed in corsunction with the important Information" and "Important Performance Information" sections of this presentation Investors should consult with their own advisors as to the appropriate factors to be considered in evaluating this information Past performance of DB SOF II Is not a prediction of the future performance of DB SOF, DB SOF D, DB SOF II or SOF UI but is Included to demonstrate the track record of the DB Secondaries team - please refer to the Certain Risk Factors section. No assurance can be given that the performance of unrealized investments has not significantly changed from the date the performance reflected herein was determined. Investments in private equity are speculative and involve significant risks. An Investor should only Invest If the Investor can withstand a total loss of its Investment Deutsche Asset S. Wealth Pelanagerneni 27 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 108635 CONFIDENTIAL SDNY_GM_00254819 EFTA01451817