To: jeevacation@gmail.com Ce: >, Vinit Sahni /ahe Stepanian , Paul Morri >, Nav Gupta <] Subject: Paylocity (PCTY) Allocation Date: Wed, 19 Mar 2014 13:03:53 +0000 Inline-Images: unnamed; unnamed(1) Jeffrey - You were allocated 1,000 PCTY priced at $17. Will post you with trading color into open. Tazia --—- Forwarded by Tazia Smith/db/dbcom on 03/19/2014 09:00 AM -—- From Tazia Smith/db/dbcom Vahe Stepanian/db/dbcom@DBAmericas, Jay Lipman/db/dbcom@DBAMERICAS 03/18/2014 07:58 PM *“** PRICING DETAILS *** LEFT BOOKRUN IPO *** PAYLOCITY HOLDING CORP (NASDAQ: PCTY) *** *** APPROVED FOR EXTERNAL DISTRIBUTION *** Issuer: Paylocity Holding Corp Symbol: PCTY Deal size: 7,045,000 shares (71% primary / 29% secondary) plus 15% greenshoe (35% primary / 65% secondary) *** upsize from 6,670,000 shares Offer price: $17.00 Exchange: Nasdaq Trade date: 3/18 Settlement date: 3/24 Bookrunners: Deutsche Bank BAML William Blair EFTA00662960

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Co-managers: Raymond James JMP Needham The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site, at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by mail from Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10016, or by email at a 7 Tazia Smith Director | Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor Ne’ Tel Fa: Emai Passionto Perform --—- Forwarded by Tazia Smith/db/dbcom on 03/18/2014 07:56 PM —— From: Nate Hall/db/dbcom@DBCOEX To: Date 03/18/2014 07:39 PM Subject: *** PRICING DETAILS *** LEFT BOOKRUN IPO *** PAYLOCITY HOLDING CORP (NASDAQ: PCTY) *** APPROVED FOR EXTERNAL DISTRIBUTION This communication may contain confidential and/or privileged information. If you are n the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. EFTA00662961

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Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00662962