From: Sent: To: valuations.system@db.com 5/15/2015 8:02:37 AM Subject: Valuation Statement for SOUTHERN FINANCIAL LLC as at 14 May 2015 - Request 182298 Attachments: 182298_20150514_20150515_1.pdf; 182298_20150514_20150515_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 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.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_20150514_20150515_1 78851303 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 116925 CONFIDENTIAL SDNY_GM_00263109 EFTA01457396