iiii lull 11111111 ,111111 , iRmis •;,..„ Deutsche Bank Research Fed: Taking the plunge 9 December 2015 DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1 MCIIP) 124/04/2015 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_ 00265432 DB-SDNY-0119248 EFTA01459040