Consensus Report

To the best of our knowledge, the following sell-side analysts cover DWS via written research on a regular basis:  
Broker Lead Analyst
1   AlphaValue Dieter Hein
2   Bank of America Merrill Lynch Hubert Lam
3   Barclays 

Michael Sanderson

4   CIC Market Solutions 

Pierre Chedeville

5   Citi 

Nicholas Herman

6   Exane BNP Paribas

Arnaud Giblat

7   Goldman Sachs

Oliver Carruthers

8   ING

Reg Watson

9   Jefferies

Tom Mills

10   J.P. Morgan

Angeliki Bairaktari

11   Keefe, Bruyette & Woods

Irene Rossetto

12   Kepler Cheuvreux

Jacques-Henri Gaulard

13   Metzler Jochen Schmitt
14   Morgan Stanley Bruce Hamilton
15   Morningstar

Johann Scholtz

16   Oddo BHF

Roland Pfaender

17   Royal Bank of Canada

Mandeep Jagpal

18  UBS

Michael Werner

Note: This list may not be complete and may change from time to time. We update the list periodically, but undertake no obligation to do so. Any opinions, estimates or forecasts made by these analysts DWS's performance are not opinions, forecasts or predictions of DWS or its management. By providing the list above, DWS does not imply its endorsement of or concurrence with such information, conclusions or recommendations. Copies of reports by any of the listed analysts must be obtained directly from the analysts or their firms. DWS does not distribute such reports.

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