From: Valuations System [valuations.system@db.comj Sent: S/18/2014 12:06:04 PM To: Amanda Kirby [ Joseph Cothron ; Paul Mor Tazia Smith a Vahe Stepanian Subject: Valuation Statement for SOUTHERN FINANCIAL LLC as at 16 May 2014. Request 182298 Attachments: 182298_20140516_20140519_1.pdf; 182298_20140516_20140519_1.csv Dear Sir/Madam, ;GedeonPMedo 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.com/new/docs/Daily_Mark_Methodologies_and_Assumptions_Disclosure_March_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_20140516_20140519_1 58340635 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 112259 CONFIDENTIAL SDNY_GM_00258443 EFTA01454258