Market-Leading Global M&A Practice ur roster of high-profile cross-border and domestic transactions Ooutside the United States showcases the strength and scope of our international M&A practice.

RECENT GLOBAL M&A Alcon (Switzerland) Barrick Gold (Canada) China Unicom (China) TRANSACTIONS:  $40 billion sale of Nestlé’s Alcon stake to proposed $7.7 billion acquisition of Equinox  $56.3 billion acquisition of China Netcom 2008- 2 0 1 1 Novartis (Switzerland) (2010) Minerals (Australia) (2011) (2008)  independent directors committee in the  $15.9 billion sale of its CDMA business to $12.9 billion acquisition by Novartis of the Biovail (Canada) China Telecom (2008) remaining publicly held minority interest special committee in its $3.6 billion merger in Alcon (2011) with Valeant Pharmaceuticals International Commerzbank (Germany) (U.S.) (2010) Anglo American (U.K.) $14.4 billion acquisition of Dresdner Bank (Germany) (2009) $5.5 billion acquisition of IronX (renamed BMO Financial Group (Canada) Anglo Ferrous Brazil) from MMX Mineração $4.1 billion acquisition of Marshall & Ilsley Crédit Agricole (France) e Metálicos (Brazil) (2008) Corporation (U.S.) (2010-2011) $8.7 billion combination of Crédit Agricole’s Anheuser-Busch InBev (Belgium) and Société Générale’s (France) asset BP (U.K.)  $1.8 billion sale of Oriental Brewery (South management businesses (2009) Korea) to (U.S.) (2009)  pending $7.1 billion sale of its 60% interest in Pan American Energy LLC (Argentina) to CVC Capital Partners (U.K.)  $2.7 billion sale of Busch Entertainment Bridas Corporation (Argentina) (2010-2011) (U.S.) to Blackstone (U.S.) (2009) $4.2 billion sale of its 42.5% interest in  $7 billion sale of upstream assets in the Univar (Netherlands) to Clayton, Dubilier & (U.S.) United States, Canada and Egypt to Apache Rice (U.S.) (2010) $1.3 billion acquisition, together with CVC Corporation (U.S.) (2010) Capital Partners (U.K.), of Brit E.ON (Germany) Holdings N.V. (Netherlands) (2011) British Airways (U.K.) $7.6 billion sale of its U.S. power and gas AT&T (U.S.) $9 billion merger with Iberia Lineas Aereas business to PPL (U.S.) (2010) (Spain) (2011) pending $39 billion acquisition of T-Mobile Electricité de France (France) USA from Deutsche Telekom AG (Germany) Canada Pension Plan Investment $2.1 billion tender offer for all outstanding (2011) — the largest M&A transaction Board (Canada) shares of EDF Energies Nouvelles (France) announced thus far in 2011 (2011) $3.2 billion acquisition of Puget Energy (U.S.) Barclays (U.K.) (as part of a consortium of private investors) Fiat (Italy)  $15.2 billion sale of its Barclays Global (2009) Investors business, including the iShares alliance with Chrysler (U.S.) and in New business, to BlackRock (U.S.) (2009) Centrica (U.K.) Chrysler’s $2 billion bankruptcy acquisition of the assets of Old Chrysler (2009)  $1.3 billion sale of HomEq Servicing to $1.87 billion acquisition of Venture Production Ocwen Financial (U.S.) (2010) (U.K.) (2009)

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RECENT GLOBAL M&A Goldman Sachs Principal Lihir Gold (Papua New Guinea) Silver Lake (U.S.) TRANSACTIONS: Investment Area (U.S.) $8.9 billion acquisition by Newcrest Mining  pending $8.5 billion sale of Skype 2008- 2 0 1 1 $1.5 billion purchase, together with TPG (Australia) (2010) (Luxembourg) to Microsoft (U.S.) (2011) Capital (U.S.), of Ontex (Belgium) from Panasonic (Japan)  $2 billion acquisition of Skype Candover Investments (U.K.) (2010) (Luxembourg) from eBay (U.S.) (2009) $9.7 billion acquisition of the outstanding  $16.5 billion purchase of Intelsat Healthscope (Australia) minority interests in its subsidiaries SANYO (Bermuda) (2008) $2.3 billion acquisition by Electric Co., Ltd. (Japan) and Panasonic (U.S.) and TPG Capital (U.S.) (2010) Electric Works Co., Ltd. (Japan) (2010) Skype (Luxembourg) IMS Health (U.S.) pending $8.5 billion acquisition by Microsoft PARIS RE (Switzerland) (U.S.) from Silver Lake-led investor group $5.2 billion acquisition by TPG Capital (U.S.) $2 billion combination with PartnerRe (2011) and Canada Pension Plan Investment Board (Bermuda) (2009) (Canada) (2010) Sompo Japan Insurance and Philippine Long Distance NipponKoa Insurance (Japan) InBev (Belgium) Telephone (Philippines) $4.65 billion consolidation (2010) $60.8 billion acquisition of Anheuser-Busch (U.S.) (2008) pending $1.7 billion acquisition of Digitel Sovereign Bancorp (U.S.) (Philippines) (2011) Integra/KOM9 consortium and independent directors and capital committee Reed Elsevier (U.K.) of its board of directors in the $1.9 billion sale Mainova (Germany) of Sovereign to Banco Santander (Spain) $4.1 billion acquisition of ChoicePoint (U.S.) $4.2 billion acquisition of Thüga (Germany) (2009) from E.ON (Germany) (2009) (2008) Sumitomo Trust and Banking IPC Holdings (U.S.) Rio Tinto (U.K.) Company (Japan) $1.7 billion amalgamation with Validus divestment of its Alcan Global Packaging $7.7 billion merger with Chuo Mitsui Trust Holdings (Bermuda) (2009) business in three separate transactions Holdings (Japan) (2011) comprising: the $2.03 billion sale of the Global Kinross Gold (Canada) Pharmaceuticals, Global Tobacco, Food Europe Tokio Marine (Japan) $4.7 billion acquisition of Philadelphia $7.2 billion acquisition of Red Back Mining and Food Asia businesses to Amcor (Australia); (Canada) (2010) Consolidated (U.S.) (2008) the $1.2 billion sale of the Food Americas Lan Airlines (Chile) packaging business to Bemis (U.S.); and the UIL Holdings (U.S.) pending business combination with TAM sale of Alcan Beauty Packaging to Sun Capital $1.3 billion acquisition of three gas utilities (Brazil) (2010-2011) Partners (U.K.) (2010) from Iberdrola USA, a wholly-owned subsidiary of Iberdrola (Spain) (2010)

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