involving spot/forward spread. Please contact the desk for live pricing (Embedded image moved to file: pic04720.gif) Tazia smith Director I Key client Partners - us DB Securities Inc Deutsche Asset & wealth management 345 Park Avenue 10154-0004 New York, NY, USA Tel. Fax Mobi Emai (Embedded image moved to file: pic18765.gif) From: To: Cc: Date: Subject: Fw: For Approval [I] Classification: For internal use only Hi Tazia: unfortunately, there are the same issues with the document as we had last week. The same revisions regarding Nav's personalized comments and his contact information apply equally here when compared to the earlier communique. Please edit as you did previously. I understand that you wish to challenge that decision, but to get this piece out today we need to follow existing guidance and revise. I am in contact with compliance, and either ziggy or I will give you an update when available. Here is the correct disclosure to add: This material has been prepared solely for informational purposes only and is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or financial instrument, or to participate in any particular trading strategy. All rates are indicative and subject to change. The trading and investment ideas discussed herein are general and do not take into account an institutional client's particular circumstances (including tax situation), investment guidelines, investment goals, restrictions or needs. Deutsche Bank ("DB") is not acting as a legal, financial, tax or accounting adviser or in any other fiduciary capacity with respect to any proposed transaction(s) mentioned herein. This document does not constitute the provision of investment advice and is not intended to do so, but is only intended to be general information. This material is for our clients' informational purposes and is a general solicitation of derivatives business for the purposes of, and to the extent it is subject to, §§ 1.71 and 23.605 of the U.S. Commodity CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 113264 CONFIDENTIAL SDNY_GM_00259448 EFTA01454867