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Important Information

© 2012. All rights reserved. Issued and approved in the United Kingdom by Deutsche Alternative Asset Management (UK) Limited of One Appold Street, London, EC2A 2UU. Authorised and regulated by the Financial Services Authority.

The information on this website was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. It is intended for informational purposes only and it is not intended that it be relied on to make any investment decision. It does not constitute investment advice or a recommendation or an offer or solicitation and is not the basis for any contract to purchase or sell any security or other instrument, or for Deutsche Bank AG or its affiliates to enter into or arrange any type of transaction as a consequence of any information contained herein.

Except insofar as liability under any statute cannot be excluded, no member of the Deutsche Bank Group nor any officer, employee or associate of them accepts any liability (whether arising in contract, in tort or negligence or otherwise) for any error or omission in this document or for any resulting loss or damage whether direct, indirect, consequential or otherwise suffered by the recipient of this document or any other person. The views expressed in this document constitute Deutsche Bank AG or its affiliates’ judgment at the time of issue and are subject to change. The information provided herein is only for professional investors.

Any forecasts provided herein are based upon opinion of the market as at this date and are subject to change, depending on future changes in the market. Any prediction, projection or forecast on the economy, stock market or the economic trends of the markets is not necessarily indicative of the future or likely performance. Moreover, the information set forth herein speaks only as of the date indicated; it was not revised to take account of events which have occurred subsequent to the date indicated. Accordingly, it may not be representative of values or the amount that may ultimately be received with respect of an investment. No assurance can be given as to the actual events that may occur or the appropriate assumptions to be applied. Information herein includes or is based upon certain “forward-looking statements.”

The information provided herein is a “non-retail communication” within the meaning of the FSA’s Rules and is directed only at persons satisfying the FSA’s client categorisation criteria for an eligible counterparty or a professional client. This information is not intended for and should not be relied upon by a retail client.

The investments or services mentioned herein may not be appropriate for all investors and before entering into any transaction you should take steps to ensure that you fully understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction. You should also consider seeking advice from your own advisers in making this assessment. If you decide to enter into a transaction with us you do so in reliance on your own judgment.

Except where noted, any performance information contained herein is either projected proceeds or a combination of both actual realised proceeds and projected proceeds based on Management’s business plans and budgets as of the date indicated. The information is presented for information purposes only, and is not representative of the actual returns an investor may ultimately receive. Past performance is no guarantee of future performance.

Certain RREEF investment strategies may not be available in every region or country for legal or other reasons, and information about these strategies is not directed to those investors residing or located in any such region or country. When making an investment decision, potential investors should rely solely on the final documentation relating to the investment or service and not the information contained herein.

The distribution of this information in certain jurisdictions may be restricted by law. It does not constitute an offer to sell or a solicitation of an offer to buy interests in any jurisdiction in which such offer, solicitation or sale would be unlawful or to any person to whom it is unlawful to make such offer in such jurisdiction. No action has been or will be taken to permit a public offering in any jurisdiction where action would be required for that purpose. Accordingly, the interests may not be offered or sold, directly or indirectly, and this material may not be distributed, in any jurisdiction, except in accordance with the legal requirements applicable in such jurisdiction. No person is authorized to give any information or to make any representation, not contained in this material in connection with the matters described herein, and, if given or made, such information or representation may not be relied upon as having been authorized. The delivery of this material at any time does not imply that the information contained herein is correct as of any time subsequent to the date of its issue.

RREEF Infrastructure is part of RREEF Alternatives, the alternative investments business of Deutsche Asset Management (“DeAM”). In the United States RREEF Infrastructure relates to the asset management activities of RREEF America L.L.C., and Deutsche Investment Management Americas Inc.; in Germany: RREEF Investment GmbH, RREEF Management GmbH and RREEF Spezial Invest GmbH; in Australia: Deutsche Asset Management (Australia) Limited (ABN 63 116 232 154) an Australian financial services license holder; in Japan: Deutsche Securities Inc. (For DSI, financial advisory (not investment advisory) and distribution services only); in Hong Kong: Deutsche Bank Aktiengesellschaft, Hong Kong Branch, and Deutsche Asset Management (Hong Kong) Limited; in Singapore: Deutsche Asset Management (Asia) Limited (Company Reg. No. 198701485N); in the United Kingdom: Deutsche Alternative Asset Management (UK) Limited, Deutsche Alternative Asset Management (Global) Limited and Deutsche Asset Management (UK) Limited; in Italy: RREEF Fondimmobiliari SGR S.p.A.; and in Denmark, Finland, Norway and Sweden: Deutsche Alternative Asset Management (UK) Limited and Deutsche Alternative Asset Management (Global) Limited; in addition to other regional entities in the Deutsche Bank Group.