From: Valuations System Sent: 3/16/2014 7:25:29 PM To: ; Amanda Kirby • Joseph Cothron ); Paul Morris Tazia Smith ); Vahe Stepanian Subject: Valuation Statement for SOUTHERN FINANCIAL, LLC as at 14 Mar 2014 - Request 182298 Attachments: 182298_20140314_20140317_1.pdf; 182298_20140314_20140317_1.csv Dear Sir/Madam, I; Gedeon Pinedo Please find attached the valuation as of the value date specified in the attached statement. For queries please contact the number provided on the statement. Kind regards, Deutsche Sank Group customer valuations Group This is an automated email account. Please do not reply to this email as the account is not monitored. valuations are sent to you subject to our valuation Disclosure statement. we also direct you to the following additional disclosures: In reference to the provision of valuations for daily marks: http://cbs.db.con/new/docs/Daily_Mark_Methodologies_and_Assumptions_Disclosure_MOrch_28_2013_(2).pdf In reference to the provision of portfolio data and dispute resolution under EMIR: http://cbs.db.con/new/docs/Valuation_Statement_-_EMIR_Language_1309.pdf 182298_20140314_20140317_1 55113865 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0110814 CONFIDENTIAL SDNY_GM_00256998 EFTA01453288