From: Valuations System rvaluations.system@db.coml Sent: 7/31/2014 9:05:19 PM To: ; Amanda Kirby fl iiiMil l;GedeonPinedo Joseph Cothron Paul Morris Tazia Smith -; Vahe Stepanian Subject: Valuation Statement for SOUTHERN FINANCIAL LLC as at 31 Jul 2014 - Request 182298 Attachments: 182298_20140731_20140801_1.pdf; 182298_20140731_20140801_1.csv Dear Sir/Madam, 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 portfolio data and dispute resolution under EMIR: 182298_20140731_20140801_1 62362007 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0113433 CONFIDENTIAL SDNY_GM_00259617 EFTA01454949