From: Valuations System ivaluations.system@db.comj Sent: 3/30/2014 7:06:09 PM To: Amanda Kirby Joseph Cothron Paul Morris Tazia Smith Vahe Stepanian Subject: Valuation Statement for SOUTHERN FINANCIAL, LLC as at 28 Mar 2014 - Request 182298 Attachments: 182298_20140328_20140331_1.pdf; 182298_20140328_20140331_1.csy Dear Sir/Madam, 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 Bank 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.com/new/docs/Daily_Mark_Methodologies_and_Assumptions_Disclosure_MWrch_28_2013_(2).pdf In reference to the provision of portfolio data and dispute resolution under EMIR: http://cbs.db.com/new/docs/Valuation_Statement_-_EMIR_Language_1309.pdf 182298_20140328_20140331_1 55824457 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 111064 CONFIDENTIAL SDNY_GM_00257248 EFTA01453464