Subject: Valuation Statement for SOUTHERN FINANCIAL, LLC as at 24 Dec 2014 - Request 182298 From: Valuations System < Date: Wed, 24 Dec 2014 21:01:13 -0500 To: Amanda Daniel Kirby Sabba Paul Morris 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 monitor ed. 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_M ethodologies_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_20141224_20141226_1 70628422 EFTA01471789