SOF Ill - 1081 Southern Financial LLC 2013 dealflow still at the high level seen since 2008 With DB Secondaries continuing to emphasize rigorous selection Deal flows Opportunities reviewed vs. investments completed' Deals per week 8 - 7 6 5 4 3 2 il2007 fluli Total # of deals 2008 2009 2010 2011 2012 Q3 2013 # of deals 1600 1400 1200 1000 800 600 400 200 -$217bn in volume reviewed Deals reviewed Transacted: • 0.4% by value • 2.4% by number Investments completed Source' DB PE.. lc, dk,,,;tiduvii. purposes only (1) Deal flow information represents the aggregate deal flow reviewed by the DB Secondaries team between January 1. 2O,-,C and September 30, 2013. Historical deal flow characteristics do not provide a prediction of future deal flow vends See Important Performance Information at the end of this presentation Deutsche Asset Wealth Managemeni 21 CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00255379 DB-SDNY-0 109195 EFTA01452275