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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01371129: Deutsche Bank (DS10)

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This document appears to be a financial analysis or research report from Deutsche Bank Securities Inc. containing valuation metrics and trading data sourced from Deutsche Bank and FactSet, including EV/EBITDA analysis. The excerpts show standard confidentiality notices and disclaimers regarding the document's use.

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Class I's Source **Deutsche** **Bank**, FactSet Source **Deutsche** **Bank**, FactSet On an EV/EBITDA basis, CNI currently trades at 12.2x our NTM EBITDA estimate.
Excerpt 2
Source: **Deutsche** **Bank**, FactSet Page 66 **Deutsche** **Bank** Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM.

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