GLOBAL EQUITY CAPITAL MARKETS LEAGUE TABLES FY 2018

FY 2018 MANAGER RANKINGS GLOBAL EQUITY, EQUITY LINKED & RIGHTS

CONTENTS Bloomberg’s global equity offerings database consists of nearly 87,000 deals (with approximately 43,000 IPOs and over 43,000 additional offerings), and coverage of more than 500 financial advisors 1. Global market review and 500 legal advisors. 2. US market review LEAG for a full range of league tables

3. Canada market review IPO for Bloomberg’s equity offerings product 4. Latin America market review

5. EMEA market review Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and 6. Asia market review data found on the Bloomberg Professional Service. 7. Table criteria

DATA SUBMISSIONS AND QUERIES Contact Phone Email North America Irina Arefyeva +1 646 324 4663 [email protected]

EMEA Davide Ruggiero +44 20 3525 0253 [email protected]

Asia-Pacific Zhen Hao Toh +65 6499 2931 [email protected]

© 2018 Bloomberg Finance L.P. All rights reserved. Bloomberg Global Equity | FY 2018

Global Equity, Equity Linked & Rights: Industry Breakdown

Global Equity Review Financials 27% 12% Health Care 14% FY 2018 credited Global Equity, Equity Linked & Rights volume decreased 11.37% to USD 660.4 Bln while deal count 27% 6% decreased 10.68% to 4,450 offerings year-on-year. Global Equity IPO volume increased 4.86% year-on-year to USD 208.0 Technology 13% Bln while the deal count decreased 13.46% to 1,453. Global Equity Linked volume decreased 0.45% year-on-year to USD 8% Consumer Discretionary 12% 98.9 Bln over 434 deals. ranked as the top Global Equity, Equity Linked & Rights underwriter for FY 2018 with 9.50% market share. 10% Industrials 10% 14% The underwrote 382 deals over the period. and JP Morgan ranked second and third with 9.16% and Communications 8% 8.33% market share, respectively. 12% 13% Materials 6% Others 12% Global Equity, Equity Linked & Rights: Highlights of FY 2018

Top Underwriter Issuer Industry Volume (USD Mln) Date Softbank Corp Communications 21,265 12/10/2018 Morgan Stanley Tencent Holdings Ltd Technology 9,807 03/23/2018 Number of deals 382 Tower Corp Ltd Industrials 7,491 08/01/2018 Volume (USD Mln) 62,771 Bayer AG Health Care 6,992 06/19/2018 Global Equity, Equity Linked & Rights: Industry Breakdown Avg Deal size (USD Mln) 164.3 Xiaomi Corp Technology 5,431 06/29/2018 Market Summary Siemens Healthineers AG Health Care 5,181 03/15/2018 Industry Volume (USD Mln) % Of Total % YOY Change Hilton Worldwide Holdings Inc Consumer Discretionary 4,818 04/10/2018 Financials 190,281 26.9% -30.4% Number of deals 4,450 Knorr-Bremse AG Industrials 4,440 10/10/2018 Health Care 95,622 13.5% 29.4% Volume (USD Mln) 660,396 Yahoo Japan Corp Communications 4,324 09/11/2018 Technology 88,464 12.5% 42.3% Avg Deal size (USD Mln) 148.4 Foxconn Industrial Internet Co Ltd Technology 4,232 05/23/2018 Consumer Discretionary 82,675 11.7% -13.2% Industrials 68,114 9.6% -21.0% Communications 54,386 7.7% 29.6% Materials 39,328 5.6% -23.1% Global Equity, Equity Linked & Rights: Quarterly Volume Energy 34,896 4.9% -45.0% Utilities 29,318 4.1% -1.2%

Deal Count Rights Equity-Linked IPO Consumer Staples 23,214 3.3% -29.2%

Add'l 400 1,800

1,500 300 Global Equity, Equity Linked & Rights: Offering Breakdown D D

e e Offering Type Volume (USD Mln) % Of Total % YOY Change n n a a l l

1,000 l l B B C C

D D 200 o o Additional Offerings 307,791 43.9% -20.5% u u S S n n U U t t IPO 214,330 30.6% 3.0% Equity-Linked 112,722 16.1% -2.7% 500 100 Rights Offerings 66,073 9.4% -31.4%

0 0 33 44 55 66 77 88 11 11 11 11 11 11 00 00 00 00 00 00 22 22 22 22 22 22 44 44 44 44 44 44 Q Q Q Q Q Q

Quarters

Bloomberg League Table Reports Page 1 Bloomberg Global Equity | FY 2018

Global Equity, Equity Linked & Rights Global Equity & Equity Linked FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Morgan Stanley 1 9.505 62,771 382 1 8.809 0.696 Morgan Stanley 1 9.804 60,079 374 1 9.208 0.596 Goldman Sachs 2 9.164 60,517 339 3 7.963 1.201 Goldman Sachs 2 9.566 58,622 330 3 8.338 1.228 JP Morgan 3 8.326 54,988 380 2 8.141 0.185 JP Morgan 3 8.404 51,502 365 2 8.367 0.037 Citi 4 6.743 44,530 314 4 6.036 0.707 Citi 4 7.075 43,360 308 4 6.155 0.920 Bank of America Lynch 5 5.834 38,527 249 5 5.656 0.178 Bank of America Merrill Lynch 5 6.133 37,585 243 5 5.862 0.271 6 4.165 27,504 221 7 4.439 -0.274 Credit Suisse 6 4.312 26,423 214 7 4.390 -0.078 UBS 7 3.978 26,273 172 6 4.719 -0.741 UBS 7 3.559 21,810 152 6 4.557 -0.998 8 3.141 20,745 162 8 3.453 -0.312 Deutsche Bank 8 3.209 19,665 154 9 3.399 -0.190 Barclays 9 2.892 19,101 160 9 3.381 -0.489 Barclays 9 2.812 17,232 152 8 3.415 -0.603 Nomura 10 1.602 10,579 110 12 1.616 -0.014 Nomura 10 1.689 10,348 110 11 1.780 -0.091 China International Capital Corp 11 1.587 10,477 44 21 0.875 0.712 Jefferies 11 1.655 10,142 158 15 1.218 0.437 Jefferies 12 1.540 10,167 159 15 1.235 0.305 RBC Capital Markets 12 1.639 10,045 135 10 2.068 -0.429 RBC Capital Markets 13 1.528 10,089 135 10 2.023 -0.495 China International Capital Corp 13 1.615 9,897 44 20 0.913 0.702 Sumitomo Mitsui Financial 14 1.421 9,386 83 22 0.751 0.670 14 1.508 9,242 95 12 1.561 -0.053 Wells Fargo 15 1.399 9,242 95 13 1.469 -0.070 Sumitomo Mitsui Financial 15 1.475 9,037 82 21 0.829 0.646 Mizuho Financial 16 1.367 9,030 89 18 0.988 0.379 Mizuho Financial 16 1.398 8,567 87 17 1.091 0.307 Daiwa Securities 17 1.128 7,452 49 20 0.919 0.209 Daiwa Securities 17 1.210 7,414 48 19 1.015 0.195 BNP Paribas 18 1.113 7,352 55 11 1.619 -0.506 BNP Paribas 18 1.033 6,329 48 13 1.400 -0.367 HSBC 19 1.029 6,798 55 14 1.376 -0.347 China Securities 19 0.865 5,299 34 25 0.581 0.284 China Securities 20 0.946 6,249 36 28 0.527 0.419 CITIC Securities 20 0.830 5,086 42 14 1.250 -0.420 TOTAL 100% 660,395 4,450 100% TOTAL 100% 612,817 4,215 100%

Global Equity Offerings Global Equity IPO FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Morgan Stanley 1 9.912 50,944 316 1 9.518 0.394 Morgan Stanley 1 6.934 14,423 103 3 5.623 1.311 Goldman Sachs 2 8.981 46,158 269 2 8.680 0.301 Goldman Sachs 2 5.907 12,285 98 5 4.092 1.815 JP Morgan 3 7.875 40,475 294 3 7.536 0.339 Bank of America Merrill Lynch 3 5.871 12,212 93 8 3.406 2.465 Citi 4 7.436 38,219 273 4 6.576 0.860 JP Morgan 4 5.328 11,082 96 2 5.635 -0.307 Bank of America Merrill Lynch 5 5.661 29,096 198 5 5.936 -0.275 Citi 5 4.887 10,164 92 1 6.668 -1.781 Credit Suisse 6 4.424 22,735 185 7 4.648 -0.224 Credit Suisse 6 4.088 8,504 72 4 5.414 -1.326 UBS 7 3.656 18,790 139 6 4.865 -1.209 Deutsche Bank 7 3.825 7,956 52 7 3.457 0.368 Deutsche Bank 8 3.164 16,260 132 9 3.098 0.066 China International Capital Corp 8 3.345 6,957 28 14 1.311 2.034 Barclays 9 2.855 14,675 132 8 3.386 -0.531 UBS 9 3.007 6,255 42 6 3.842 -0.835 Jefferies 10 1.726 8,872 144 13 1.244 0.482 Nomura 10 2.391 4,974 32 16 1.275 1.116 RBC Capital Markets 11 1.655 8,506 118 10 2.128 -0.473 Sumitomo Mitsui Financial 11 2.200 4,576 27 48 0.459 1.741 Nomura 12 1.647 8,464 95 11 1.469 0.178 Mizuho Financial 12 2.111 4,391 32 45 0.471 1.640 China International Capital Corp 13 1.615 8,302 38 31 0.502 1.113 Daiwa Securities 13 1.886 3,923 13 32 0.644 1.242 Sumitomo Mitsui Financial 14 1.605 8,247 76 18 0.925 0.680 SBI Holdings Inc/Japan 14 1.572 3,270 12 205 0.042 1.530 Mizuho Financial 15 1.480 7,605 77 15 1.092 0.388 Barclays 15 1.371 2,851 33 9 1.827 -0.456 Wells Fargo 16 1.372 7,052 78 12 1.395 -0.023 CITIC Securities 16 1.352 2,813 29 10 1.819 -0.467 Daiwa Securities 17 1.179 6,060 41 16 1.079 0.100 BNP Paribas 17 1.352 2,812 19 22 1.040 0.312 BNP Paribas 18 0.897 4,610 33 14 1.137 -0.240 Jefferies 18 1.323 2,752 41 18 1.154 0.169 Cowen & Co 19 0.800 4,114 81 28 0.526 0.274 China Merchants Securities 19 1.254 2,609 23 19 1.113 0.141 CITIC Securities 20 0.783 4,025 38 20 0.771 0.012 20 1.247 2,594 16 35 0.554 0.693 TOTAL 100% 513,958 3,781 100% TOTAL 100% 207,993 1,453 100%

Bloomberg League Table Reports Page 2 Bloomberg Global Equity | FY 2018

Global Equity Linked FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Goldman Sachs 1 12.607 12,463 61 3 6.357 6.250 JP Morgan 2 11.154 11,027 71 1 13.185 -2.031 Morgan Stanley 3 9.241 9,135 58 2 7.414 1.827 Bank of America Merrill Lynch 4 8.587 8,489 45 4 5.437 3.150 Citi 5 5.200 5,141 35 7 3.714 1.486 Credit Suisse 6 3.731 3,688 29 12 2.894 0.837 Deutsche Bank 7 3.444 3,405 22 5 5.146 -1.702 UBS 8 3.055 3,020 13 13 2.771 0.284 China Securities 9 3.019 2,984 13 21 1.100 1.919 Barclays 10 2.586 2,556 20 9 3.583 -0.997 Wells Fargo 11 2.214 2,189 17 14 2.523 -0.309 Nomura 12 1.905 1,883 15 8 3.584 -1.679 BNP Paribas 13 1.739 1,719 15 11 2.926 -1.187 China International Capital Corp 14 1.613 1,595 6 10 3.296 -1.683 RBC Capital Markets 15 1.557 1,539 17 16 1.721 -0.164 HSBC 16 1.421 1,405 13 18 1.560 -0.139 Daiwa Securities 17 1.370 1,354 7 32 0.642 0.728 Jefferies 18 1.285 1,270 14 23 1.069 0.216 Societe Generale 19 1.192 1,179 9 15 1.767 -0.575 CITIC Securities 20 1.073 1,061 4 6 4.029 -2.956 TOTAL 100% 98,858 434 100%

Bloomberg League Table Reports Page 3 Bloomberg Global Equity | FY 2018

US Equity & Equity Linked: Industry Breakdown

US Equity Review 8% Financials 25% 5% FY 2018 credited US Equity & Equity Linked volume increased 2.35% to USD 222.6 Bln while deal count decreased 1.58% to 25% Health Care 21% 5% 932 offerings year-on-year. US Equity IPO volume increased 3.75% year-on-year to USD 44.0 Bln while the deal count Technology 16% increased 1.65% to 185. US Equity Linked volume increased 27.67% year-on-year to USD 43.8 Bln over 127 deals. 9% Consumer Discretionary 12% Morgan Stanley ranked as the top US Equity & Equity Linked underwriter for FY 2018 with 13.53% market share. The bank Utilities 9% underwrote 198 deals over the period. Goldman Sachs and JP Morgan ranked second and third with 12.64% and 11.33% 12% market share, respectively. 21% Energy 5% 16% Industrials 5% Others 8% US Equity & Equity Linked: Highlights of FY 2018

Top Underwriter Issuer Industry Volume (USD Mln) Date Hilton Worldwide Holdings Inc Consumer Discretionary 4,818 04/10/2018 Morgan Stanley AXA Equitable Holdings Inc Financials 3,157 05/09/2018 Number of deals 198 Sempra Energy Utilities 2,875 01/04/2018 Volume (USD Mln) 30,114 Centene Corp Health Care 2,860 05/01/2018 US Equity & Equity Linked: Industry Breakdown Avg Deal size (USD Mln) 152.1 Baker Hughes a GE Co Energy 2,328 11/14/2018 Market Summary CenterPoint Energy Inc Utilities 1,898 09/25/2018 Industry Volume (USD Mln) % Of Total % YOY Change First Data Corp Financials 1,748 08/13/2018 Financials 56,989 24.7% -9.6% Number of deals 932 Elanco Animal Health Inc Health Care 1,736 09/19/2018 Health Care 49,063 21.2% 22.8% Volume (USD Mln) 222,577 Sempra Energy Utilities 1,725 01/05/2018 Technology 36,895 16.0% 42.2% Avg Deal size (USD Mln) 238.8 PPL Corp Utilities 1,708 05/08/2018 Consumer Discretionary 26,575 11.5% 6.6% Utilities 20,491 8.9% 1485.0% Energy 11,764 5.1% -54.8% Industrials 11,743 5.1% -1.6% US Equity & Equity Linked: Quarterly Volume Communications 9,657 4.2% -42.8% Consumer Staples 4,303 1.9% -43.3%

Deal Count Equity-Linked Add'l IPO Materials 3,561 1.5% -49.7% 100 400

80 300 US Equity & Equity Linked: Offering Breakdown

60 D D

60 e e n n a a l l l l

B B Offering Type Volume (USD Mln) % Of Total % YOY Change C C

o o D D 200 u u S S

n n Additional Offerings 136,292 59.0% -4.3% U U 40 t t 40 Equity-Linked 48,714 21.1% 23.5% IPO 46,039 19.9% 7.5% 100 20

0 0 33 44 55 66 77 88 11 11 11 11 11 11 00 00 00 00 00 00 22 22 22 22 22 22 44 44 44 44 44 44 Q Q Q Q Q Q

Quarters

Bloomberg League Table Reports Page 4 Bloomberg Global Equity | FY 2018

US Equity & Equity Linked US Equity Offerings FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Morgan Stanley 1 13.530 30,114 198 3 11.884 1.646 Morgan Stanley 1 12.702 22,703 155 3 11.765 0.937 Goldman Sachs 2 12.644 28,142 188 2 12.246 0.398 Goldman Sachs 2 11.916 21,298 145 1 12.657 -0.741 JP Morgan 3 11.332 25,223 225 1 12.309 -0.977 JP Morgan 3 10.583 18,916 178 2 11.971 -1.388 Bank of America Merrill Lynch 4 9.264 20,619 172 4 9.394 -0.130 Citi 4 9.112 16,287 131 5 8.197 0.915 Citi 5 8.588 19,115 150 5 7.704 0.884 Bank of America Merrill Lynch 5 7.550 13,494 135 4 8.580 -1.030 Barclays 6 5.993 13,339 105 6 7.257 -1.264 Barclays 6 6.278 11,222 90 6 7.143 -0.865 Credit Suisse 7 4.737 10,543 105 7 6.192 -1.455 Credit Suisse 7 5.271 9,422 93 7 6.517 -1.246 Wells Fargo 8 4.011 8,927 88 8 4.753 -0.742 Wells Fargo 8 3.769 6,737 71 8 4.276 -0.507 Jefferies 9 3.458 7,696 122 11 2.081 1.377 Deutsche Bank 9 3.726 6,660 60 9 3.691 0.035 Deutsche Bank 10 3.437 7,651 70 9 3.385 0.052 Jefferies 10 3.695 6,605 111 11 1.924 1.771 RBC Capital Markets 11 3.374 7,510 85 10 3.075 0.299 RBC Capital Markets 11 3.533 6,315 76 10 3.120 0.413 UBS 12 2.191 4,877 54 12 1.674 0.517 UBS 12 2.459 4,395 48 12 1.872 0.587 Cowen & Co 13 1.568 3,490 71 15 1.191 0.377 Cowen & Co 13 1.877 3,356 70 14 1.336 0.541 Leerink Partners LLC 14 1.327 2,954 50 16 0.995 0.332 Cantor Fitzgerald 14 1.505 2,691 48 15 1.178 0.327 Cantor Fitzgerald 15 1.310 2,916 50 17 0.992 0.318 15 1.313 2,347 59 13 1.628 -0.315 Stifel 16 1.184 2,636 63 13 1.460 -0.276 Leerink Partners LLC 16 1.182 2,112 44 17 1.033 0.149 SunTrust Robinson Humphrey 17 0.944 2,102 26 18 0.950 -0.006 SunTrust Robinson Humphrey 17 1.042 1,863 22 18 0.854 0.188 Piper Jaffray & Co 18 0.773 1,721 43 21 0.650 0.123 Piper Jaffray & Co 18 0.923 1,649 42 20 0.771 0.152 Partners Inc 19 0.739 1,645 28 26 0.392 0.347 Evercore Partners Inc 19 0.920 1,645 28 24 0.466 0.454 BMO Capital Markets 20 0.679 1,511 32 14 1.283 -0.604 BMO Capital Markets 20 0.771 1,378 30 16 1.055 -0.284 TOTAL 100% 222,576 932 100% TOTAL 100% 178,738 805 100%

US Equity IPO US Equity Linked FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of America Merrill Lynch 1 11.050 4,858 58 8 4.581 6.469 Morgan Stanley 1 16.904 7,410 43 3 12.515 4.389 Goldman Sachs 2 8.624 3,792 48 3 9.550 -0.926 Bank of America Merrill Lynch 2 16.252 7,125 37 2 13.736 2.516 Citi 3 8.199 3,605 34 4 9.126 -0.927 Goldman Sachs 3 15.612 6,844 43 4 10.053 5.559 Morgan Stanley 4 7.785 3,423 44 5 7.967 -0.182 JP Morgan 4 14.389 6,308 47 1 14.114 0.275 JP Morgan 5 7.678 3,376 45 1 11.037 -3.359 Citi 5 6.452 2,828 19 7 5.075 1.377 Credit Suisse 6 6.912 3,039 29 2 10.297 -3.385 Wells Fargo 6 4.994 2,189 17 6 7.295 -2.301 Deutsche Bank 7 5.021 2,208 18 6 7.807 -2.786 Barclays 7 4.830 2,117 15 5 7.866 -3.036 Barclays 8 4.300 1,891 26 7 5.169 -0.869 RBC Capital Markets 8 2.725 1,195 9 10 2.833 -0.108 Jefferies 9 4.150 1,824 31 14 1.852 2.298 Credit Suisse 9 2.557 1,121 12 8 4.460 -1.903 RBC Capital Markets 10 4.085 1,796 22 9 4.092 -0.007 Jefferies 10 2.490 1,091 11 9 2.919 -0.429 Cantor Fitzgerald 11 3.163 1,391 10 11 2.385 0.778 Deutsche Bank 11 2.260 991 10 13 1.753 0.507 Cowen & Co 12 2.539 1,116 24 16 1.702 0.837 Leerink Partners LLC 12 1.920 842 6 20 0.795 1.125 Wells Fargo 13 1.831 805 18 10 2.989 -1.158 UBS 13 1.100 482 6 21 0.616 0.484 UBS 14 1.808 795 13 15 1.724 0.084 Mizuho Financial 14 0.965 423 5 23 0.593 0.372 Evercore Partners Inc 15 1.413 621 13 22 0.571 0.842 US Bancorp 15 0.732 321 3 16 1.284 -0.552 Leerink Partners LLC 16 1.291 568 14 29 0.401 0.890 Stifel 16 0.660 289 4 24 0.567 0.093 Chardan Capital Markets LLC 17 1.264 556 4 34 0.274 0.990 SunTrust Robinson Humphrey 17 0.546 239 4 15 1.462 -0.916 EarlyBirdCapital Inc 18 1.152 506 5 17 1.693 -0.541 Cantor Fitzgerald 18 0.513 225 2 - - 0.513 Piper Jaffray & Co 19 1.088 478 9 19 0.975 0.113 BNP Paribas 19 0.457 200 3 12 1.925 -1.468 Stifel 20 1.062 467 18 13 2.054 -0.992 Credit Agricole CIB 19 0.457 200 3 31 0.174 0.283 TOTAL 100% 43,967 185 100% TOTAL 100% 43,838 127 100%

Bloomberg League Table Reports Page 5 Bloomberg Global Equity | FY 2018

Canada Equity, Equity Linked & Preferred: Quarterly Volume

Deal Count Amount Canada Equity Review 20 180 FY 2018 credited Canada Equity, Equity Linked & Preferred volume decreased 36.84% to CAD 27.4 Bln while deal count 150 15

decreased 6.43% to 466 offerings year-on-year. Canada Equity IPO volume decreased 52.88% year-on-year to CAD 2.4 Bln D D e e n n a a l l l l

B B 100 while the deal count increased 81.33% to 136. Canada Equity Offerings volume decreased 38.39% year-on-year to CAD C C

D D 10 o o u u A A n n

21.9 Bln over 425 deals. C C t t TD Securities ranked as the top Canada Equity, Equity Linked & Preferred underwriter for FY 2018 with 14.95% market 50 5 50 share. The bank underwrote 46 deals over the period. RBC Capital Markets and BMO Capital Markets ranked second and

third with 10.34% and 9.96% market share, respectively. 0 0 133 144 155 166 177 188 001 001 001 001 001 001 22 22 22 22 22 22 44 44 44 44 44 44 QQ QQ QQ QQ QQ QQ

Quarters

Canada Equity, Equity Linked & Preferred Canada Equity, Equity Linked & Preferred: Industry Breakdown FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Financials 29% 14% TD Securities 1 14.949 4,098 46 2 14.824 0.125 Consumer Discretionary 19% RBC Capital Markets 2 10.337 2,834 42 1 21.007 -10.670 29% 6% Health Care 13% BMO Capital Markets 3 9.957 2,729 45 3 13.664 -3.707 CIBC 4 9.355 2,564 40 4 9.564 -0.209 7% Materials 12% Credit Suisse 5 6.437 1,765 8 12 1.266 5.171 Communications 7% Canaccord Genuity 6 6.239 1,710 100 8 3.422 2.817 12% National Bank Financial Inc 7 5.396 1,479 34 6 5.518 -0.122 19% Utilities 6% Scotiabank 8 5.001 1,371 27 5 8.325 -3.324 13% Others 14% Morgan Stanley 9 4.952 1,357 9 10 1.326 3.626 GMP Securities 10 2.954 810 30 9 2.260 0.694 TOTAL 100% 27,410 466 100%

Canada Equity & Equity Linked Canada Equity, Equity Linked & Preferred: Manager Rankings History

FY 2018 FY 2017 2018 2017 2016 25 Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

) 20

TD Securities 1 14.994 3,728 39 2 14.471 0.523 % (

e r

BMO Capital Markets 2 10.598 2,635 42 3 14.067 -3.469 a h S

CIBC 3 9.496 2,361 33 4 8.182 1.314 t e 10 k r

RBC Capital Markets 4 9.337 2,322 34 1 21.633 -12.296 a M Credit Suisse 5 7.096 1,765 8 12 1.407 5.689

Canaccord Genuity 6 6.871 1,708 99 8 3.804 3.067 0 s s s e y e t t C s it National Bank Financial Inc 7 5.307 1,320 29 7 4.972 0.335 ti e e IB s u ri rk rk i n u a a C u e c S G e M M it Morgan Stanley 8 4.388 1,091 7 10 1.474 2.914 S l l d rd ta ta e o D i i r c T p p C c a a a Scotiabank 9 4.218 1,049 19 5 6.784 -2.566 C C n C O a B M C GMP Securities 10 3.249 808 29 9 2.512 0.737 R B TOTAL 100% 24,865 453 100%

Bloomberg League Table Reports Page 6 Bloomberg Global Equity | FY 2018

Canada Equity Offerings Canada Equity IPO FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) TD Securities 1 14.860 3,251 29 2 15.458 -0.598 BMO Capital Markets 1 18.265 440 5 3 10.698 7.567 CIBC 2 9.790 2,142 25 6 6.682 3.108 RBC Capital Markets 2 15.329 370 5 1 25.000 -9.671 BMO Capital Markets 3 9.244 2,022 33 3 12.845 -3.601 TD Securities 3 12.318 297 3 2 18.776 -6.458 RBC Capital Markets 4 8.354 1,827 26 1 21.459 -13.105 Canaccord Genuity 4 9.970 240 37 7 3.572 6.398 Credit Suisse 5 8.066 1,765 8 12 1.547 6.519 CIBC 5 9.623 232 4 9 2.706 6.917 Canaccord Genuity 6 6.504 1,423 96 8 3.623 2.881 Pacific International Securities Inc 6 4.089 99 19 29 0.085 4.004 National Bank Financial Inc 7 5.044 1,103 21 7 4.545 0.499 Leucadia National Corp 7 3.342 81 1 - - 3.342 Morgan Stanley 8 4.988 1,091 7 10 1.621 3.367 Pareto Securities 8 2.466 59 1 - - 2.466 Scotiabank 9 4.162 910 15 4 7.461 -3.299 Cormark Securities Inc 9 2.299 55 1 23 0.326 1.973 GMP Securities 10 3.313 725 27 9 2.763 0.550 Citi 10 1.843 44 1 5 4.758 -2.915 Goldman Sachs 11 2.558 560 6 19 0.675 1.883 Desjardins Capital Markets 10 1.843 44 1 - - 1.843 Barclays 12 2.254 493 3 18 0.678 1.576 Goldman Sachs 10 1.843 44 1 8 3.012 -1.169 Clarus Securities 13 2.139 468 14 11 1.585 0.554 Morgan Stanley 10 1.843 44 1 6 3.596 -1.753 Cormark Securities Inc 14 1.756 384 22 13 1.281 0.475 National Bank Financial Inc 10 1.843 44 1 21 0.597 1.246 Eight Capital 15 1.740 381 19 21 0.637 1.103 Robert W & Co 10 1.843 44 1 20 0.704 1.139 Pacific International Securities Inc 16 1.099 240 36 32 0.206 0.893 UBS 10 1.843 44 1 25 0.260 1.583 Haywood Securities 17 1.097 240 58 16 0.839 0.258 Wells Fargo 10 1.843 44 1 15 1.329 0.514 Raymond James & Associates 18 0.957 209 9 14 1.228 -0.271 Scotiabank 18 1.789 43 1 4 9.713 -7.924 UBS 19 0.933 204 2 28 0.290 0.643 Haywood Securities 19 1.413 34 33 24 0.285 1.128 JP Morgan 20 0.855 187 2 5 6.685 -5.830 Craig-Hallum Capital Group Ltd 20 0.904 22 1 - - 0.904 TOTAL 100% 21,875 425 100% TOTAL 100% 2,411 136 100%

Canadian Retail Structured Products FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) RBC Capital Markets 1 31.169 319 23 2 27.092 4.077 CIBC 2 29.676 304 25 1 30.395 -0.719 Scotiabank 3 23.132 237 18 3 22.346 0.786 National Bank Financial Inc 4 13.931 143 15 4 8.499 5.432 TD Securities 5 0.775 8 2 6 1.435 -0.660 BMO Capital Markets 6 0.165 2 1 5 3.377 -3.212 Canaccord Genuity 6 0.165 2 1 8 0.781 -0.616 Desjardins Capital Markets 6 0.165 2 1 12 0.745 -0.580 Echelon Wealth Management Inc 6 0.165 2 1 - - 0.165 GMP Securities 6 0.165 2 1 7 1.016 -0.851 Industrial Alliance Insurance & Financial 6 0.165 2 1 14 0.529 -0.364 Mackie Research Capital Corp 6 0.165 2 1 12 0.745 -0.580 Raymond James & Associates 6 0.165 2 1 8 0.781 -0.616 ------TOTAL 100% 1,024 28 100%

Bloomberg League Table Reports Page 7 Bloomberg Global Equity | FY 2018

Latin America Equity Offerings: Quarterly Volume

Deal Count Amount Latin America Equity Review 20 30 FY 2018 credited Latin America Equity Offerings volume decreased 34.40% to USD 17.4 Bln while deal count decreased 15

38.16% to 47 offerings year-on-year. 20 D D e e n n a a l l l l B B

Morgan Stanley ranked as the top Latin America Equity Offerings underwriter for FY 2018 with 12.46% market share. The C C

D D 10 o o u u S S n n

bank underwrote 14 deals over the period. Goldman Sachs and JP Morgan ranked second and third with 11.11% and U U t t 10.05% market share, respectively. 10 5

0 0 133 144 155 166 177 188 001 001 001 001 001 001 22 22 22 22 22 22 44 44 44 44 44 44 QQ QQ QQ QQ QQ QQ

Quarters

Latin America Equity Offerings Latin America Equity Offerings: Industry Breakdown FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Financials 54% 9% Morgan Stanley 1 12.458 2,162 14 8 5.442 7.016 Industrials 11% 8% Goldman Sachs 2 11.112 1,929 11 10 3.290 7.822 Health Care 10% JP Morgan 3 10.055 1,745 13 5 8.263 1.792 8% Banco BTG Pactual 4 8.923 1,549 14 7 6.182 2.741 Consumer Discretionary 8% 54% Bank of America Merrill Lynch 5 8.827 1,532 10 3 11.963 -3.136 10% Utilities 8% Banco Itau BBA 6 7.107 1,234 11 1 12.792 -5.685 Credit Suisse 7 5.920 1,028 6 2 12.535 -6.615 Others 9% 11% Citi 8 5.296 919 8 9 5.132 0.164 Bradesco BBI SA 9 4.964 862 6 6 7.111 -2.147 10 3.104 539 4 4 8.270 -5.166 TOTAL 100% 17,358 47 100%

Brazil Equity Offerings Latin America Equity Offerings: Manager Rankings History

FY 2018 FY 2017 2018 2017 2016 20 Firm Rank Mkt Share(%) Volume (BRL Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) )

Morgan Stanley 1 18.084 6,657 11 9 3.504 14.580 % (

e r

Goldman Sachs 2 13.777 5,071 5 11 2.280 11.497 a h

S 10

Banco Itau BBA 3 11.972 4,407 11 1 17.577 -5.605 t e k r

Banco BTG Pactual 4 9.267 3,411 8 7 6.152 3.115 a M Bank of America Merrill Lynch 5 8.904 3,278 5 3 12.195 -3.291

JP Morgan 6 8.902 3,277 6 6 8.515 0.387 0 l y s n a h A le h a u c B Bradesco BBI SA 7 8.008 2,948 6 5 10.198 -2.190 n c rg t n a a o c y B t S a L u S n M P ll ta n a P ri I Credit Suisse 8 6.761 2,489 4 2 15.534 -8.773 a J G r o g m T e c r ld B M n o o o a a Citi 9 5.930 2,183 6 10 2.346 3.584 M G c c B n ri a e B m A Deutsche Bank 10 3.522 1,297 2 14 0.838 2.684 f o k n TOTAL 100% 36,809 25 100% a B

Bloomberg League Table Reports Page 8 Bloomberg Global Equity | FY 2018

EMEA Equity, Equity Linked & Rights - Risk: Largest Deals by Country EMEA Equity Review of FY 2018 Issuer Volume (USD Mln) Date Country FY 2018 credited EMEA Equity, Equity Linked & Rights - Risk volume decreased 38.17% to USD 144.8 Bln while deal count Safran SA 1,437 10/02/2018 France decreased 25.92% to 763 offerings year-on-year. EMEA Equity IPO volume decreased 16.23% year-on-year to USD 42.3 Bayer AG 6,992 06/19/2018 Germany Energean Oil & Gas PLC 460 03/16/2018 Greece Bln while the deal count decreased 12.62% to 180. EMEA Equity Linked - Risk volume decreased 46.48% year-on-year to Credito Valtellinese SpA 862 03/08/2018 Italy USD 12.6 Bln over 41 deals. Adyen NV 1,927 09/13/2018 Netherlands JP Morgan ranked as the top EMEA Equity, Equity Linked & Rights - Risk underwriter for FY 2018 with 10.05% market Bank Al-Jazira 798 04/04/2018 Saudi Arabia share. The bank underwrote 66 deals over the period. Goldman Sachs and Citi ranked second and third with 8.13% and PSG Group Ltd 585 01/22/2018 South Africa 6.88% market share, respectively. Aena SME SA 823 05/16/2018 Spain SIG Combibloc Group AG 1,749 09/28/2018 Switzerland NMC Health Jersey Ltd 450 04/23/2018 United Arab Emirates Group PLC 3,354 06/05/2018 United Kingdom EMEA Equity, Equity Linked & Rights - Risk: Highlights of FY 2018

Issuer Industry Volume (USD Mln) Date Bayer AG Health Care 6,992 06/19/2018 Siemens Healthineers AG Health Care 5,181 03/15/2018 Knorr-Bremse AG Industrials 4,440 10/10/2018 EMEA Equity, Equity Linked & Rights - Risk: Industry Breakdown Royal Bank of Scotland Group PLC Financials 3,354 06/05/2018 Covestro AG Materials 2,608 05/03/2018 Industry Volume (USD Mln) % Of Total % YOY Change Cineworld Group PLC Consumer Discretionary 2,411 02/19/2018 Financials 50,575 31.8% -57.0% Covestro AG Materials 2,180 01/11/2018 Health Care 23,128 14.6% 23.0% Adyen NV Financials 1,927 09/13/2018 Industrials 22,338 14.1% -6.4% SIG Combibloc Group AG Industrials 1,749 09/28/2018 Consumer Discretionary 16,923 10.7% -41.7% Sika AG Materials 1,649 05/15/2018 Materials 16,277 10.3% -21.3% Consumer Staples 8,050 5.1% -29.9% Energy 7,900 5.0% -29.4% Technology 6,489 4.1% -26.0% EMEA Equity, Equity Linked & Rights - Risk Communications 5,252 3.3% -51.3% Utilities 1,731 1.1% -87.6%

Deal Count Rights Equity-Linked IPO

Add'l

140 400 EMEA Equity, Equity Linked & Rights - Risk: Offering Breakdown 120

Offering Type Volume (USD Mln) % Of Total % YOY Change 300 100 Additional Offerings 68,205 43.0% -42.1% IPO 45,273 28.5% -21.4% D D

80 e e n n 80 a a

l l Rights Offerings 29,628 18.7% -55.1% l l B B C C

D D 200 o o Equity-Linked 15,690 9.9% -36.9% u u S S n n U U 60 t t

40 100

20

0 0 33 44 55 66 77 88 11 11 11 11 11 11 00 00 00 00 00 00 22 22 22 22 22 22 44 44 44 44 44 44 Q Q Q Q Q Q

Quarters

Bloomberg League Table Reports Page 9 Bloomberg Global Equity | FY 2018

EMEA Equity, Equity Linked & Rights - Risk EMEA Equity, Equity Linked & Rights - Syndication FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 10.047 14,547 66 1 9.027 1.020 JP Morgan 1 10.374 15,004 66 1 9.235 1.139 Goldman Sachs 2 8.135 11,778 60 5 6.305 1.830 Goldman Sachs 2 7.818 11,307 54 5 6.337 1.481 Citi 3 6.881 9,962 59 4 7.050 -0.169 Citi 3 6.545 9,466 51 4 7.201 -0.656 Morgan Stanley 4 6.071 8,790 59 2 8.064 -1.993 Morgan Stanley 4 6.218 8,994 56 3 7.300 -1.082 UBS 5 5.503 7,967 35 3 7.187 -1.684 UBS 5 5.484 7,931 34 2 7.356 -1.872 Deutsche Bank 6 5.115 7,405 48 6 5.463 -0.348 Deutsche Bank 6 5.265 7,615 48 6 5.723 -0.458 Bank of America Merrill Lynch 7 4.620 6,690 35 7 5.281 -0.661 Bank of America Merrill Lynch 7 4.424 6,398 32 7 5.137 -0.713 Credit Suisse 8 4.399 6,370 39 9 3.913 0.486 Credit Suisse 8 4.214 6,095 35 9 3.725 0.489 Barclays 9 3.547 5,136 48 10 3.799 -0.252 Barclays 9 3.293 4,763 41 10 3.475 -0.182 Societe Generale 10 3.181 4,606 38 11 3.184 -0.003 Societe Generale 10 3.135 4,534 37 11 3.160 -0.025 BNP Paribas 11 2.628 3,805 32 8 4.008 -1.380 BNP Paribas 11 2.538 3,670 30 8 3.978 -1.440 Joh Berenberg Gossler & Co KG 12 2.276 3,295 34 14 1.595 0.681 Joh Berenberg Gossler & Co KG 12 2.393 3,461 36 14 1.583 0.810 HSBC 13 2.140 3,098 25 12 2.425 -0.285 HSBC 13 2.110 3,052 25 12 2.407 -0.297 Jefferies 14 1.568 2,270 31 13 1.737 -0.169 Numis 14 1.682 2,433 33 20 1.128 0.554 15 1.563 2,263 18 38 0.394 1.169 Investec 15 1.582 2,288 19 40 0.391 1.191 16 1.561 2,260 13 17 1.228 0.333 UniCredit 16 1.513 2,188 12 18 1.219 0.294 Numis 17 1.548 2,241 30 19 1.137 0.411 Jefferies 17 1.309 1,894 23 13 1.599 -0.290 Carnegie 18 1.276 1,848 41 18 1.208 0.068 Carnegie 18 1.277 1,848 41 19 1.199 0.078 Credit Agricole CIB 19 1.171 1,695 12 15 1.382 -0.211 Credit Agricole CIB 19 1.122 1,623 11 16 1.371 -0.249 Nordea 20 0.980 1,419 19 24 0.938 0.042 Nomura 20 1.020 1,475 11 15 1.460 -0.440 TOTAL 100% 144,783 763 100% TOTAL 100% 144,629 740 100%

EMEA Equity & Equity Linked - Risk EMEA Equity & Equity Linked - Syndication FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 9.868 12,068 57 1 9.837 0.031 JP Morgan 1 10.239 12,526 57 1 10.090 0.149 Goldman Sachs 2 8.581 10,494 56 5 6.587 1.994 Goldman Sachs 2 8.194 10,023 50 5 6.622 1.572 Citi 3 7.204 8,810 54 4 7.668 -0.464 Morgan Stanley 3 6.934 8,482 52 3 7.856 -0.922 Morgan Stanley 4 6.739 8,241 54 2 8.836 -2.097 Citi 4 6.796 8,314 46 4 7.851 -1.055 UBS 5 6.340 7,754 31 3 8.158 -1.818 UBS 5 6.340 7,755 31 2 8.360 -2.020 Deutsche Bank 6 5.727 7,004 45 6 5.541 0.186 Deutsche Bank 6 5.896 7,213 45 6 5.869 0.027 Bank of America Merrill Lynch 7 4.730 5,785 30 7 5.463 -0.733 Bank of America Merrill Lynch 7 4.491 5,494 27 7 5.277 -0.786 Credit Suisse 8 4.717 5,768 35 10 3.455 1.262 Credit Suisse 8 4.490 5,493 31 10 3.219 1.271 Societe Generale 9 3.391 4,146 34 11 2.835 0.556 Societe Generale 9 3.331 4,075 33 11 2.807 0.524 Barclays 10 2.671 3,267 40 9 3.672 -1.001 Joh Berenberg Gossler & Co KG 10 2.792 3,416 34 12 1.970 0.822 Joh Berenberg Gossler & Co KG 11 2.658 3,250 32 12 1.989 0.669 BNP Paribas 11 2.413 2,952 25 8 3.763 -1.350 BNP Paribas 12 2.524 3,086 27 8 3.800 -1.276 Barclays 12 2.366 2,894 33 9 3.262 -0.896 Jefferies 13 1.836 2,245 30 14 1.679 0.157 Numis 13 1.579 1,931 26 17 1.339 0.240 UniCredit 14 1.562 1,910 12 18 1.133 0.429 Jefferies 14 1.528 1,869 22 16 1.503 0.025 Carnegie 15 1.503 1,837 37 15 1.534 -0.031 UniCredit 15 1.503 1,839 11 19 1.122 0.381 Numis 16 1.423 1,740 23 16 1.352 0.071 Carnegie 16 1.502 1,837 37 15 1.519 -0.017 Investec 17 1.122 1,373 16 32 0.498 0.624 Nomura 17 1.206 1,475 11 13 1.855 -0.649 HSBC 18 1.092 1,335 18 13 1.813 -0.721 Investec 18 1.143 1,398 17 34 0.493 0.650 Nordea 19 1.085 1,327 17 17 1.148 -0.063 Nordea 19 1.114 1,363 18 18 1.136 -0.022 Pareto Securities 20 0.857 1,049 24 37 0.397 0.460 HSBC 20 1.054 1,289 18 14 1.795 -0.741 TOTAL 100% 122,291 681 100% TOTAL 100% 122,328 661 100%

Bloomberg League Table Reports Page 10 Bloomberg Global Equity | FY 2018

EMEA Equity Linked - Risk EMEA Equity Linked - Syndication FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) UBS 1 16.205 2,047 4 8 3.588 12.617 JP Morgan 1 12.383 2,060 11 1 22.265 -9.882 Deutsche Bank 2 11.430 1,444 8 2 10.850 0.580 UBS 2 12.308 2,047 4 11 2.801 9.507 JP Morgan 3 11.331 1,431 8 1 26.793 -15.462 Deutsche Bank 3 9.898 1,646 8 2 11.697 -1.799 Societe Generale 4 9.331 1,179 9 4 7.339 1.992 Nomura 4 8.871 1,475 11 3 10.621 -1.750 Citi 5 9.125 1,153 9 6 5.352 3.773 Citi 5 7.394 1,230 7 8 3.861 3.533 BNP Paribas 6 6.600 834 9 3 9.510 -2.910 Societe Generale 6 6.654 1,107 8 5 5.730 0.924 HSBC 7 5.010 633 7 13 2.483 2.527 Morgan Stanley 7 5.149 856 7 6 5.667 -0.518 Goldman Sachs 8 4.745 599 5 9 3.531 1.214 Daiwa Securities 8 4.894 814 5 20 0.592 4.302 Bank of America Merrill Lynch 9 4.027 509 4 15 1.758 2.269 Goldman Sachs 9 4.394 731 7 7 4.420 -0.026 Barclays 10 3.475 439 5 12 2.768 0.707 BNP Paribas 10 4.205 699 7 4 7.425 -3.220 Credit Agricole CIB 11 2.460 311 4 7 4.626 -2.166 HSBC 11 3.373 561 6 15 1.938 1.435 Morgan Stanley 12 2.140 270 3 5 6.695 -4.555 Mizuho Financial 12 2.984 496 4 10 2.899 0.085 13 2.007 254 3 11 2.935 -0.928 Sumitomo Mitsui Financial 13 2.849 474 3 18 0.727 2.122 Credit Suisse 14 1.900 240 3 14 1.792 0.108 Barclays 14 2.207 367 4 13 2.382 -0.175 Joh Berenberg Gossler & Co KG 15 1.556 197 3 16 0.931 0.625 Bank of America Merrill Lynch 15 1.901 316 3 17 1.593 0.308 UniCredit 16 1.489 188 2 10 3.243 -1.754 Credit Suisse 16 1.443 240 3 16 1.620 -0.177 Jefferies 17 1.417 179 3 26 0.249 1.168 Credit Agricole CIB 17 1.436 239 3 9 3.611 -2.175 Vontobel Holding AG 18 0.805 102 1 - - 0.805 Joh Berenberg Gossler & Co KG 18 1.182 197 3 19 0.727 0.455 Clarksons Platou Securities 19 0.693 88 1 - - 0.693 Natixis 19 1.092 182 2 14 2.291 -1.199 DNB ASA 19 0.693 88 1 - - 0.693 Jefferies 20 0.748 124 2 30 0.194 0.554 TOTAL 100% 12,632 41 100% TOTAL 100% 16,632 61 100%

EMEA Equity IPO EMEA Equity Offerings FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 9.034 3,817 21 1 7.162 1.872 JP Morgan 1 9.700 10,637 49 4 7.343 2.357 Citi 2 7.236 3,058 21 2 7.140 0.096 Goldman Sachs 2 9.023 9,894 51 5 7.038 1.985 Deutsche Bank 3 6.912 2,921 15 8 3.595 3.317 Morgan Stanley 3 7.269 7,971 51 1 9.134 -1.865 Morgan Stanley 4 6.322 2,671 16 4 5.906 0.416 Citi 4 6.983 7,657 45 3 8.011 -1.028 Goldman Sachs 5 5.903 2,494 16 6 5.204 0.699 UBS 5 5.204 5,707 27 2 8.832 -3.628 UBS 6 5.468 2,310 8 3 7.113 -1.645 Deutsche Bank 6 5.070 5,560 37 7 4.761 0.309 Bank of America Merrill Lynch 7 4.746 2,005 10 7 4.916 -0.170 Credit Suisse 7 5.041 5,528 32 9 3.700 1.341 Credit Suisse 8 4.151 1,754 15 5 5.360 -1.209 Bank of America Merrill Lynch 8 4.811 5,276 26 6 6.010 -1.199 Joh Berenberg Gossler & Co KG 9 3.881 1,640 9 17 1.707 2.174 Joh Berenberg Gossler & Co KG 9 2.785 3,054 29 12 2.145 0.640 BNP Paribas 10 3.384 1,430 10 13 2.340 1.044 Societe Generale 10 2.706 2,968 25 11 2.172 0.534 UniCredit 11 2.968 1,254 6 15 1.982 0.986 Barclays 11 2.579 2,828 35 8 3.806 -1.227 Jefferies 12 2.052 867 8 11 2.566 -0.514 BNP Paribas 12 2.054 2,252 18 10 2.960 -0.906 Barclays 13 1.904 805 5 10 2.677 -0.773 Jefferies 13 1.884 2,066 27 13 1.890 -0.006 Qatar National Bank 14 1.786 755 1 - - 1.786 Carnegie 14 1.676 1,837 37 14 1.760 -0.084 Commerzbank 15 1.785 754 4 52 0.339 1.446 Numis 15 1.587 1,740 23 16 1.551 0.036 Carnegie 16 1.782 753 11 12 2.344 -0.562 UniCredit 16 1.571 1,722 10 23 0.823 0.748 Numis 17 1.681 710 4 18 1.703 -0.022 Investec 17 1.252 1,373 16 31 0.572 0.680 Societe Generale 18 1.616 683 11 32 0.736 0.880 Nordea 18 1.210 1,327 17 18 1.264 -0.054 Nordea 19 1.165 492 4 34 0.693 0.472 Pareto Securities 19 0.956 1,049 24 35 0.448 0.508 HSBC 20 1.121 473 4 9 3.124 -2.003 Danske Bank 20 0.916 1,005 16 25 0.766 0.150 TOTAL 100% 42,256 180 100% TOTAL 100% 109,659 640 100%

Bloomberg League Table Reports Page 11 Bloomberg Global Equity | FY 2018

EMEA Rights Offerings Western Europe Equity, Equity Linked & Rights FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 11.020 2,479 9 1 6.060 4.960 JP Morgan 1 9.925 10,480 54 1 9.274 0.651 Barclays 2 8.310 1,869 8 11 4.261 4.049 Goldman Sachs 2 8.856 9,351 54 5 6.390 2.466 HSBC 3 7.837 1,763 7 8 4.667 3.170 Morgan Stanley 3 6.843 7,225 57 2 7.682 -0.839 Goldman Sachs 4 5.707 1,284 4 3 5.273 0.434 Citi 4 6.665 7,038 48 4 6.474 0.191 Citi 5 5.123 1,152 5 6 4.786 0.337 UBS 5 5.771 6,093 33 3 7.497 -1.726 Bank of America Merrill Lynch 6 4.022 905 5 9 4.612 -0.590 Deutsche Bank 6 5.304 5,601 43 6 5.376 -0.072 Investec 7 3.957 890 2 63 0.013 3.944 Credit Suisse 7 4.654 4,914 34 9 4.398 0.256 Banco Santander 8 3.905 878 5 18 2.955 0.950 Bank of America Merrill Lynch 8 4.596 4,853 25 7 5.350 -0.754 Credit Agricole CIB 9 3.273 736 3 13 3.827 -0.554 Barclays 9 3.814 4,027 41 10 3.825 -0.011 BNP Paribas 10 3.195 719 5 7 4.767 -1.572 Societe Generale 10 3.572 3,772 37 11 3.635 -0.063 Credit Suisse 11 2.675 602 4 2 5.589 -2.914 BNP Paribas 11 2.906 3,068 31 8 4.680 -1.774 Morgan Stanley 12 2.439 549 5 4 5.236 -2.797 Joh Berenberg Gossler & Co KG 12 2.614 2,760 34 14 1.813 0.801 ING Groep 13 2.395 539 6 19 2.463 -0.068 HSBC 13 2.336 2,466 23 12 2.354 -0.018 Numis 14 2.229 501 7 31 0.349 1.880 Numis 14 1.799 1,900 30 19 1.313 0.486 Commerzbank 15 2.180 490 3 20 2.269 -0.089 UniCredit 15 1.732 1,828 11 18 1.360 0.372 Mizuho Financial 16 2.058 463 2 - - 2.058 Jefferies 16 1.725 1,821 28 13 2.016 -0.291 Societe Generale 17 2.042 459 4 10 4.462 -2.420 Carnegie 17 1.436 1,517 40 17 1.401 0.035 Deutsche Bank 18 1.786 402 3 5 5.175 -3.389 Credit Agricole CIB 18 1.336 1,411 12 15 1.647 -0.311 Emirates NBD PJSC 19 1.785 402 3 - - 1.785 Investec 19 1.231 1,300 13 45 0.256 0.975 Alinma Bank 20 1.775 399 1 - - 1.775 Nordea 20 1.124 1,186 19 24 1.105 0.019 TOTAL 100% 22,491 82 100% TOTAL 100% 105,588 623 100%

Eastern Europe Equity, Equity Linked & Rights AIM Equity Offerings FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (GBP Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 11.826 483 5 7 5.883 5.943 Stifel 1 10.623 595 15 15 2.188 8.435 Citi 2 9.695 396 5 1 14.097 -4.402 Liberum Capital Ltd 2 9.568 536 12 8 4.407 5.161 Deutsche Bank 3 9.486 387 4 8 5.299 4.187 Numis 3 9.410 527 21 3 6.384 3.026 Bank of America Merrill Lynch 4 5.993 245 4 3 8.755 -2.762 Cenkos Securities 4 6.727 377 22 1 11.514 -4.787 Goldman Sachs 5 4.647 190 3 2 9.143 -4.496 Joh Berenberg Gossler & Co KG 5 6.620 371 12 2 6.873 -0.253 Akbank TAS 6 4.159 170 3 - - 4.159 Equita SIM SpA 6 5.371 301 2 30 0.870 4.501 VTB Capital 7 4.104 168 2 4 8.416 -4.312 Mirabaud Securities 7 3.736 209 6 26 0.934 2.802 Turkiye Garanti Bankasi AS 8 3.896 159 2 - - 3.896 Investec 8 3.728 209 8 24 1.302 2.426 Credit Suisse 9 3.212 131 2 13 2.141 1.071 Credit Suisse 9 3.139 176 1 - - 3.139 HSBC 10 3.111 127 2 24 0.783 2.328 Intesa Sanpaolo 9 3.139 176 1 7 4.783 -1.644 Unlu Menkul Degerler AS 11 2.719 111 2 20 1.254 1.465 FinnCap 11 2.336 131 30 10 3.554 -1.218 Halyk Savings Bank of Kazakhstan JSC 12 2.668 109 2 - - 2.668 Zeus Capital 12 2.180 122 5 4 6.221 -4.041 UniCredit 13 2.380 97 2 23 0.861 1.519 Peel Hunt LLP 13 2.088 117 6 6 5.031 -2.943 Trigon Dom Maklerski SA 14 2.340 96 3 29 0.518 1.822 Canaccord Genuity 14 1.932 108 9 14 2.280 -0.348 TC Ziraat Bankasi 15 2.274 93 1 - - 2.274 Nplus1 Singer Ltd 15 1.789 100 7 19 1.837 -0.048 Turkiye IS Bankasi 15 2.274 93 1 27 0.647 1.627 Macquarie 16 1.662 93 4 20 1.537 0.125 Vakif Yatirim Menkul Degerler AS 15 2.274 93 1 - - 2.274 UniCredit 17 1.564 88 2 - - 1.564 Yapi ve Kredi Bankasi AS 15 2.274 93 1 - - 2.274 Banco BPM SpA 18 1.562 88 1 13 2.309 -0.747 Sberbank CIB CJSC 19 2.198 90 2 11 2.753 -0.555 Shore Capital Group Ltd 19 1.530 86 11 25 0.988 0.542 Banco Santander 20 2.023 83 4 14 2.038 -0.015 Arden Partners Ltd 20 1.324 74 11 23 1.320 0.004 TOTAL 100% 4,081 36 100% TOTAL 100% 5,602 358 100%

Bloomberg League Table Reports Page 12 Bloomberg Global Equity | FY 2018

Africa Equity, Equity Linked & Rights Sub-Sahara Equity, Equity Linked & Rights FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) of South Africa 1 16.887 954 6 15 1.536 15.351 Standard Bank of South Africa 1 18.135 818 5 15 1.593 16.542 Investec 2 12.071 682 5 9 3.289 8.782 Investec 2 15.120 682 5 9 3.410 11.710 JP Morgan 3 9.227 521 4 2 9.689 -0.462 JP Morgan 3 8.540 385 3 2 10.047 -1.507 PSG Group Ltd 4 5.929 335 3 21 0.843 5.086 PSG Group Ltd 4 7.427 335 3 19 0.874 6.553 Java Capital 5 4.825 273 5 5 8.287 -3.462 Java Capital 5 6.044 273 5 4 8.592 -2.548 Barclays 6 4.620 261 4 7 7.312 -2.692 Barclays 6 5.787 261 4 7 7.581 -1.794 Citi 7 4.357 246 2 3 9.263 -4.906 IC Securities Ghana Ltd 7 5.443 246 1 - - 5.443 IC Securities Ghana Ltd 8 4.345 246 1 - - 4.345 Deutsche Bank 8 5.372 242 1 8 6.251 -0.879 Deutsche Bank 9 4.288 242 1 8 6.028 -1.740 Bank of America Merrill Lynch 9 5.188 234 3 - - 5.188 Bank of America Merrill Lynch 10 4.142 234 3 - - 4.142 Morgan Stanley 10 4.102 185 2 1 19.617 -15.515 EFG-Hermes 11 3.654 206 3 16 1.388 2.266 Absa Group Ltd 11 3.313 149 2 - - 3.313 FirstRand Ltd 12 3.405 192 2 6 7.355 -3.950 Citi 12 2.439 110 1 5 8.514 -6.075 Morgan Stanley 13 3.274 185 2 1 18.919 -15.645 Societe Generale 12 2.439 110 1 - - 2.439 Absa Group Ltd 14 2.645 149 2 - - 2.645 Goldman Sachs 14 2.247 101 1 14 1.841 0.406 BNP Paribas 15 2.410 136 1 - - 2.410 BMO Capital Markets 15 1.663 75 3 16 1.242 0.421 Credit Suisse 15 2.410 136 1 - - 2.410 RBC Capital Markets 16 1.272 57 2 20 0.807 0.465 Societe Generale 17 1.947 110 1 - - 1.947 FirstRand Ltd 17 1.247 56 1 6 7.626 -6.379 Goldman Sachs 18 1.794 101 1 14 1.775 0.019 Renaissance Capital Pty Ltd 18 1.002 45 1 - - 1.002 BMO Capital Markets 19 1.327 75 3 17 1.198 0.129 Exotix 19 0.732 33 1 - - 0.732 RBC Capital Markets 20 1.016 57 2 22 0.778 0.238 FinnCap 19 0.732 33 1 - - 0.732 TOTAL 100% 5,650 39 100% TOTAL 100% 4,510 31 100%

MENA Equity, Equity Linked & Rights FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 14.704 985 3 - - 14.704 EFG-Hermes 2 14.611 979 5 1 12.199 2.412 Qatar National Bank 3 11.259 755 1 - - 11.259 Alinma Bank 4 6.940 465 2 - - 6.940 Emirates NBD PJSC 5 5.991 402 3 9 5.849 0.142 Goldman Sachs 6 4.551 305 2 5 7.131 -2.580 DNB ASA 7 3.815 256 5 2 8.910 -5.095 Citi 8 3.725 250 3 10 5.630 -1.905 Clarksons Platou Securities 9 3.485 234 3 7 6.819 -3.334 Samba Capital 10 3.251 218 1 - - 3.251 NBK Capital 11 3.165 212 1 - - 3.165 Bank Albilad 12 3.018 202 2 - - 3.018 National Commercial Bank 13 2.586 173 1 - - 2.586 BNP Paribas 14 2.032 136 1 - - 2.032 Credit Suisse 14 2.032 136 1 - - 2.032 FirstRand Ltd 14 2.032 136 1 - - 2.032 Standard Bank of South Africa 14 2.032 136 1 - - 2.032 Banque Saudi Fransi 18 1.592 107 1 21 1.136 0.456 Pareto Securities 19 1.444 97 2 18 1.520 -0.076 Ubhar Capital SAOC 20 1.001 67 1 27 0.193 0.808 TOTAL 100% 6,701 38 100%

Bloomberg League Table Reports Page 13 Bloomberg Global Equity | FY 2018

Asia ex-Japan Equity, Equity Linked & Rights

Deal Count Rights IPO Asia Pacific Equity Review Add'l 80 800 FY 2018 credited APAC ex-Japan Equity, Equity Linked & Rights volume increased 4.94% to USD 204.9 Bln while deal count D D e e n n l l decreased 10.71% to 2,176 offerings year-on-year. APAC ex-Japan Equity IPO volume increased 5.51% year-on-year to 50 500 a a l l B B

C C D D o o u u S S

USD 89.3 Bln while the deal count decreased 20.81% to 864. APAC ex-Japan Equity Linked volume increased 4.67% year- n n U U t t on-year to USD 33.5 Bln over 210 deals.

Goldman Sachs ranked as the top APAC ex-Japan Equity, Equity Linked & Rights underwriter for FY 2018 with 7.35% 0 0 133 144 155 166 177 188 001 001 001 001 001 001 market share. The bank underwrote 68 deals over the period. Morgan Stanley and Citi ranked second and third with 7.10% 22 22 22 22 22 22 44 44 44 44 44 44 Q Q Q Q Q Q and 6.75% market share, respectively. Q Q Q Q Q Q Quarters Australia/New Zealand Equity, EQL & Rights APAC Equity, Equity Linked & Rights: Highlights of FY 2018 Deal Count Rights IPO

Issuer Industry Volume (USD Mln) Date Add'l Softbank Corp Communications 21,265 12/10/2018 20 400 Tencent Holdings Ltd Technology 9,807 03/23/2018 D D e e n n l l a a

China Tower Corp Ltd Industrials 7,491 08/01/2018 l l B B

C C D D 10 200 o o u u S S

Xiaomi Corp Technology 5,431 06/29/2018 n n U U t t Yahoo Japan Corp Communications 4,324 09/11/2018 Foxconn Industrial Internet Co Ltd Technology 4,232 05/23/2018 0 0 3 4 5 6 7 8 Meituan Dianping Consumer Discretionary 4,222 09/13/2018 13 14 15 16 17 18 001 001 001 001 001 001 22 22 22 22 22 22 44 44 44 44 44 44 Transurban Group Industrials 3,464 09/13/2018 QQ QQ QQ QQ QQ QQ China National Petroleum Corp Energy 3,174 02/01/2018 Quarters Renesas Electronics Corp Technology 2,721 04/18/2018 China Equity, Equity Linked & Rights

Deal Count Rights IPO

APAC Equity, Equity Linked & Rights: Industry Breakdown Add'l 400 400 D D e e

Industry Volume (USD Mln) % Of Total % YOY Change n n a a 5% l l l l

B B C C

o o D D 200 200 u u Financials 68,210 24.6% -18.1% S S n n U U

5% t t 6% 25% Technology 44,453 16.0% 65.9% Communications 38,153 13.7% 191.3% 7% 0 0 Consumer Discretionary 33,193 12.0% -4.4% 133 144 155 166 177 188 001 001 001 001 001 001 22 22 22 22 22 22 44 44 44 44 44 44 Industrials 30,082 10.8% -34.1% QQ QQ QQ QQ QQ QQ 11% Health Care 18,312 6.6% 49.5% Quarters 16% Materials 17,360 6.3% -6.7% Energy 14,614 5.3% 0.7% Japan Equity & Equity Linked 12% 14% Consumer Staples 8,911 3.2% -13.7% Utilities 4,234 1.5% -45.9% Deal Count Rights IPO

Add'l

3,000 110 D D

2,000 e e

n n 2,000 a a l l l l B B C C D D o o

50 u u S S 50 n n U U t t

0 0 133 144 155 166 177 188 001 001 001 001 001 001 22 22 22 22 22 22 44 44 44 44 44 44 QQ QQ QQ QQ QQ QQ

Quarters

Bloomberg League Table Reports Page 14 Bloomberg Global Equity | FY 2018

Asia ex-Japan Equity, Equity Linked & Rights Asia ex-Japan Equity, EQL & Rights ex-CH A Shares FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Goldman Sachs 1 7.883 14,283 60 5 4.105 3.778 Morgan Stanley 1 8.625 12,072 61 1 8.420 0.205 Citi 2 6.701 12,141 77 2 5.031 1.670 Citi 2 8.470 11,855 74 2 6.935 1.535 Morgan Stanley 3 6.663 12,072 61 1 6.081 0.582 Goldman Sachs 3 8.443 11,817 48 3 5.297 3.146 China International Capital Corp 4 5.752 10,421 43 6 3.471 2.281 Bank of America Merrill Lynch 4 5.715 7,999 26 8 3.774 1.941 Bank of America Merrill Lynch 5 4.415 7,999 26 10 2.529 1.886 Credit Suisse 5 5.460 7,641 61 5 4.663 0.797 Credit Suisse 6 4.356 7,891 62 7 3.431 0.925 JP Morgan 6 5.189 7,263 49 6 4.371 0.818 JP Morgan 7 4.331 7,847 51 9 3.093 1.238 UBS 7 4.277 5,986 41 4 4.681 -0.404 China Securities 8 3.449 6,249 36 12 2.246 1.203 China International Capital Corp 8 2.587 3,620 29 20 1.288 1.299 UBS 9 3.342 6,054 42 4 4.299 -0.957 Deutsche Bank 9 2.338 3,273 27 7 3.965 -1.627 CITIC Securities 10 3.017 5,467 45 3 4.934 -1.917 BNP Paribas 10 2.128 2,979 18 29 0.908 1.220 Huatai Securities 11 2.021 3,661 20 24 1.165 0.856 11 2.073 2,902 47 19 1.347 0.726 China Merchants Securities 12 2.017 3,654 29 18 1.621 0.396 CITIC Securities 12 1.980 2,772 31 14 1.615 0.365 Haitong Securities 13 1.966 3,562 56 16 1.933 0.033 13 1.968 2,754 25 27 0.918 1.050 Deutsche Bank 14 1.953 3,538 30 8 3.109 -1.156 HSBC 14 1.951 2,731 23 9 3.073 -1.122 HSBC 15 1.691 3,064 24 14 2.059 -0.368 China Merchants Securities 15 1.453 2,033 18 31 0.848 0.605 BNP Paribas 16 1.644 2,979 18 43 0.609 1.035 Agricultural 16 1.439 2,014 32 39 0.685 0.754 China Merchants Bank 17 1.520 2,754 25 41 0.615 0.905 17 1.422 1,990 27 26 0.955 0.467 18 1.500 2,718 29 17 1.684 -0.184 Industrial & Comm Bank of China 18 1.274 1,783 17 47 0.394 0.880 Bank of China 19 1.259 2,280 13 22 1.194 0.065 DBS Group 19 1.252 1,753 27 15 1.573 -0.321 Agricultural Bank of China 20 1.112 2,014 32 54 0.459 0.653 Kotak Mahindra Bank Ltd 20 1.042 1,458 14 11 2.189 -1.147 TOTAL 100% 181,176 1,542 100% TOTAL 100% 139,963 1,352 100%

Asia ex-Japan Equity & Equity Linked Asia ex-Japan Equity Linked FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Goldman Sachs 1 8.292 14,041 59 5 4.266 4.026 Goldman Sachs 1 12.284 4,007 7 5 4.977 7.307 Morgan Stanley 2 7.129 12,072 61 1 6.502 0.627 China Securities 2 9.148 2,984 13 8 3.416 5.732 Citi 3 7.037 11,917 75 3 4.959 2.078 JP Morgan 3 8.232 2,686 12 7 4.650 3.582 China International Capital Corp 4 5.764 9,760 42 6 3.712 2.052 Credit Suisse 4 6.604 2,154 12 9 2.876 3.728 Bank of America Merrill Lynch 5 4.702 7,962 25 10 2.549 2.153 China International Capital Corp 5 4.889 1,595 6 2 10.236 -5.347 JP Morgan 6 4.491 7,605 50 9 3.141 1.350 CITIC Securities 6 3.252 1,061 4 1 12.513 -9.261 Credit Suisse 7 4.427 7,496 60 7 3.498 0.929 Haitong Securities 7 3.122 1,018 9 - - 3.122 UBS 8 3.348 5,670 41 4 4.474 -1.126 Huatai Securities 8 2.883 940 3 11 2.841 0.042 China Securities 9 3.129 5,299 34 11 2.402 0.727 Minsheng Securities 9 2.667 870 6 34 0.580 2.087 CITIC Securities 10 3.028 5,128 43 2 5.168 -2.140 Citi 10 2.644 862 5 17 1.662 0.982 Huatai Securities 11 2.162 3,661 20 22 1.246 0.916 Guotai Junan Securities 11 2.330 760 4 15 2.064 0.266 China Merchants Securities 12 2.158 3,654 29 17 1.733 0.425 Bank of China 12 2.235 729 2 19 1.477 0.758 Haitong Securities 13 1.932 3,271 55 16 1.790 0.142 Bank of America Merrill Lynch 13 2.137 697 3 38 0.521 1.616 Deutsche Bank 14 1.868 3,163 28 8 3.214 -1.346 Deutsche Bank 14 2.134 696 3 3 6.091 -3.957 HSBC 15 1.809 3,064 24 15 1.896 -0.087 Zhongtai Securities 15 2.116 690 3 41 0.474 1.642 China Merchants Bank 16 1.627 2,754 25 35 0.658 0.969 BNP Paribas 16 2.102 686 3 - - 2.102 BNP Paribas 17 1.579 2,674 16 47 0.507 1.072 HSBC 17 2.061 672 5 22 1.210 0.851 Guotai Junan Securities 18 1.433 2,427 28 19 1.461 -0.028 Group 18 1.979 646 3 40 0.505 1.474 Bank of China 19 1.347 2,280 13 20 1.277 0.070 Changjiang Securities 19 1.815 592 3 - - 1.815 Agricultural Bank of China 20 1.189 2,014 32 49 0.491 0.698 Fubon Securities 20 1.723 562 11 24 1.151 0.572 TOTAL 100% 169,336 1,485 100% TOTAL 100% 32,621 207 100%

Bloomberg League Table Reports Page 15 Bloomberg Global Equity | FY 2018

Asia ex-Japan Equity Linked ex-China Exchanges Asia ex-Japan Equity Offerings FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Goldman Sachs 1 19.055 3,152 4 3 6.299 12.756 China International Capital Corp 1 6.488 12,454 43 1 7.231 -0.743 JP Morgan 2 16.234 2,686 12 2 15.074 1.160 Citi 2 6.295 12,084 76 6 4.191 2.104 Credit Suisse 3 13.023 2,154 12 5 5.475 7.548 Morgan Stanley 3 6.137 11,779 58 5 4.484 1.653 Citi 4 5.213 862 5 6 5.388 -0.175 China Securities 4 5.553 10,658 36 3 5.449 0.104 Haitong Securities 5 4.755 787 6 - - 4.755 Goldman Sachs 5 5.522 10,600 55 7 3.361 2.161 Bank of America Merrill Lynch 6 4.215 697 3 18 1.690 2.525 CITIC Securities 6 5.252 10,081 57 2 5.909 -0.657 Deutsche Bank 7 4.208 696 3 1 18.318 -14.110 Huatai Securities 7 3.998 7,674 31 10 2.645 1.353 BNP Paribas 8 4.144 686 3 - - 4.144 Bank of America Merrill Lynch 8 3.804 7,302 23 17 1.696 2.108 HSBC 9 4.064 672 5 7 3.923 0.141 Guotai Junan Securities 9 3.786 7,268 39 4 4.738 -0.952 Fubon Securities 10 3.398 562 11 8 3.731 -0.333 UBS 10 3.316 6,364 41 9 2.936 0.380 Morgan Stanley 11 3.389 561 4 13 1.948 1.441 Credit Suisse 11 3.046 5,848 51 11 2.333 0.713 CITIC Securities 12 3.204 530 2 - - 3.204 JP Morgan 12 2.689 5,161 39 18 1.624 1.065 UBS 13 2.964 490 3 18 1.690 1.274 Bank of China 13 2.105 4,040 12 20 1.389 0.716 Yuanta Financial Holding Co Ltd 14 2.323 384 6 9 3.059 -0.736 China Merchants Securities 14 1.912 3,671 32 16 1.856 0.056 Taishin Financial Holding Co Ltd 15 2.061 341 7 23 1.248 0.813 Deutsche Bank 15 1.710 3,282 30 13 2.101 -0.391 KGI Securities 16 1.286 213 9 4 6.035 -4.749 Haitong Securities 16 1.523 2,923 53 8 3.075 -1.552 Nomura 17 1.125 186 2 29 0.523 0.602 China Merchants Bank 17 1.435 2,754 25 49 0.429 1.006 CIMB 18 0.970 160 1 17 1.716 -0.746 18 1.395 2,677 12 12 2.213 -0.818 Grand Fortune Securities Co 19 0.652 108 3 32 0.252 0.400 HSBC 19 1.246 2,392 19 23 1.281 -0.035 Mega Financial Holding 20 0.511 84 4 31 0.258 0.253 BNP Paribas 20 1.195 2,293 15 50 0.424 0.771 TOTAL 100% 16,542 137 100% TOTAL 100% 191,947 1,478 100%

Asia ex-Japan Equity IPO FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) China International Capital Corp 1 8.754 7,493 31 5 3.250 5.504 Goldman Sachs 2 5.889 5,041 30 26 1.261 4.628 Morgan Stanley 3 4.232 3,622 31 10 2.696 1.536 CITIC Securities 4 4.169 3,568 35 2 4.369 -0.200 Bank of America Merrill Lynch 5 3.691 3,159 15 21 1.452 2.239 China Merchants Securities 6 3.519 3,012 26 8 2.799 0.720 Citi 7 3.346 2,864 34 1 4.697 -1.351 Credit Suisse 8 3.319 2,841 25 6 3.238 0.081 Huatai Securities 9 3.179 2,721 17 24 1.326 1.853 JP Morgan 10 3.088 2,643 22 14 2.023 1.065 China Securities 11 2.664 2,280 20 3 3.419 -0.755 UBS 12 2.621 2,243 18 9 2.791 -0.170 China Merchants Bank 13 2.479 2,122 22 27 1.115 1.364 Haitong Securities 14 2.389 2,045 43 7 3.207 -0.818 Agricultural Bank of China 15 2.282 1,953 31 31 0.969 1.313 Deutsche Bank 16 2.231 1,910 19 16 1.935 0.296 China Construction Bank 17 2.194 1,878 24 28 1.105 1.089 Industrial & Comm Bank of China 18 2.064 1,766 16 53 0.526 1.538 Bank of China 19 1.812 1,551 11 15 1.942 -0.130 Guotai Junan Securities 20 1.680 1,438 20 13 2.056 -0.376 TOTAL 100% 85,596 789 100%

Bloomberg League Table Reports Page 16 Bloomberg Global Equity | FY 2018

APAC Equity, Equity Linked & Rights APAC Equity & Equity Linked FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Morgan Stanley 1 8.136 20,987 106 1 7.835 0.301 Morgan Stanley 1 8.015 18,835 102 1 8.155 -0.140 Goldman Sachs 2 6.886 17,762 74 2 6.946 -0.060 Goldman Sachs 2 7.346 17,264 70 2 7.386 -0.040 Citi 3 5.878 15,162 101 5 3.878 2.000 Citi 3 6.356 14,938 99 5 3.767 2.589 UBS 4 5.060 13,052 78 3 5.535 -0.475 JP Morgan 4 5.054 11,878 66 7 3.299 1.755 JP Morgan 5 4.842 12,491 71 7 3.494 1.348 Nomura 5 4.322 10,158 101 3 5.231 -0.909 China International Capital Corp 6 4.040 10,421 43 12 2.626 1.414 Bank of America Merrill Lynch 6 4.165 9,787 31 9 2.912 1.253 Nomura 7 4.031 10,398 102 4 4.813 -0.782 China International Capital Corp 7 4.153 9,760 42 12 2.701 1.452 Bank of America Merrill Lynch 8 3.808 9,824 32 8 2.779 1.029 Sumitomo Mitsui Financial 8 3.804 8,940 80 14 2.482 1.322 Sumitomo Mitsui Financial 9 3.466 8,940 80 14 2.279 1.187 UBS 9 3.712 8,723 61 4 4.878 -1.166 Credit Suisse 10 3.308 8,533 69 9 2.750 0.558 Credit Suisse 10 3.427 8,054 66 11 2.712 0.715 Daiwa Securities 11 2.874 7,414 48 10 2.748 0.126 Daiwa Securities 11 3.155 7,414 48 8 2.992 0.163 Mizuho Financial 12 2.821 7,276 70 11 2.639 0.182 Mizuho Financial 12 3.096 7,276 70 10 2.873 0.223 China Securities 13 2.422 6,249 36 16 1.605 0.817 China Securities 13 2.255 5,299 34 15 1.747 0.508 CITIC Securities 14 2.119 5,467 45 6 3.526 -1.407 CITIC Securities 14 2.182 5,128 43 6 3.761 -1.579 Deutsche Bank 15 2.041 5,264 42 13 2.401 -0.360 Deutsche Bank 15 1.917 4,506 36 13 2.534 -0.617 Macquarie 16 1.513 3,904 24 18 1.507 0.006 Huatai Securities 16 1.558 3,661 20 26 0.907 0.651 Huatai Securities 17 1.419 3,661 20 29 0.833 0.586 China Merchants Securities 17 1.555 3,654 29 21 1.261 0.294 China Merchants Securities 18 1.417 3,654 29 23 1.158 0.259 SBI Holdings Inc/Japan 18 1.498 3,521 17 108 0.080 1.418 Haitong Securities 19 1.389 3,583 57 21 1.381 0.008 Haitong Securities 19 1.401 3,292 56 20 1.302 0.099 SBI Holdings Inc/Japan 20 1.365 3,521 17 106 0.080 1.285 HSBC 20 1.304 3,064 24 19 1.380 -0.076 TOTAL 100% 257,960 2,420 100% TOTAL 100% 235,012 2,266 100%

APAC Equity Offerings APAC Equity Linked FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Morgan Stanley 1 8.868 17,412 91 1 9.083 -0.215 Goldman Sachs 1 11.842 4,580 12 4 5.359 6.483 Citi 2 7.033 13,809 93 5 4.245 2.788 China Securities 2 7.716 2,984 13 10 2.887 4.829 Goldman Sachs 3 6.461 12,685 58 2 7.797 -1.336 JP Morgan 3 7.284 2,817 14 6 5.083 2.201 Bank of America Merrill Lynch 4 4.630 9,090 28 6 3.413 1.217 Credit Suisse 4 5.936 2,296 13 11 2.431 3.505 JP Morgan 5 4.615 9,061 52 9 2.937 1.678 Nomura 5 4.684 1,811 14 2 8.865 -4.181 Nomura 6 4.251 8,347 87 4 4.495 -0.244 China International Capital Corp 6 4.124 1,595 6 3 8.651 -4.527 UBS 7 4.193 8,232 58 3 4.959 -0.766 Morgan Stanley 7 3.680 1,423 11 9 3.576 0.104 Sumitomo Mitsui Financial 8 4.165 8,178 75 10 2.853 1.312 Daiwa Securities 8 3.501 1,354 7 18 1.684 1.817 China International Capital Corp 9 4.159 8,165 36 18 1.495 2.664 Citi 9 2.918 1,129 6 20 1.405 1.513 Mizuho Financial 10 3.431 6,737 65 8 2.986 0.445 CITIC Securities 10 2.743 1,061 4 1 10.575 -7.832 Daiwa Securities 11 3.087 6,060 41 7 3.258 -0.171 Haitong Securities 11 2.633 1,018 9 - - 2.633 Credit Suisse 12 2.933 5,758 53 11 2.769 0.164 Deutsche Bank 12 2.510 971 4 5 5.148 -2.638 CITIC Securities 13 2.071 4,067 39 12 2.380 -0.309 Huatai Securities 13 2.432 940 3 12 2.401 0.031 Deutsche Bank 14 1.801 3,535 32 13 2.004 -0.203 Minsheng Securities 14 2.250 870 6 36 0.490 1.760 SBI Holdings Inc/Japan 15 1.793 3,521 17 100 0.096 1.697 Sumitomo Mitsui Financial 15 1.968 761 5 31 0.650 1.318 China Merchants Securities 16 1.602 3,145 27 21 1.270 0.332 Guotai Junan Securities 16 1.965 760 4 17 1.744 0.221 China Merchants Bank 17 1.414 2,776 26 36 0.576 0.838 Bank of China 17 1.885 729 2 22 1.248 0.637 Huatai Securities 18 1.386 2,721 17 35 0.604 0.782 Bank of America Merrill Lynch 18 1.803 697 3 41 0.441 1.362 HSBC 19 1.218 2,392 19 19 1.452 -0.234 Zhongtai Securities 19 1.785 690 3 44 0.400 1.385 China Securities 20 1.179 2,315 21 16 1.517 -0.338 BNP Paribas 20 1.773 686 3 - - 1.773 TOTAL 100% 196,339 2,031 100% TOTAL 100% 38,673 235 100%

Bloomberg League Table Reports Page 17 Bloomberg Global Equity | FY 2018

APAC ex-Japan Equity, Equity Linked & Rights APAC ex-Japan Equity & Equity Linked FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Goldman Sachs 1 7.350 15,061 68 5 4.025 3.325 Goldman Sachs 1 8.004 14,563 64 5 4.256 3.748 Morgan Stanley 2 7.099 14,545 71 1 6.807 0.292 Citi 2 7.476 13,603 91 4 4.749 2.727 Citi 3 6.748 13,827 93 3 4.788 1.960 Morgan Stanley 3 6.812 12,394 67 1 7.099 -0.287 UBS 4 6.105 12,508 73 2 6.462 -0.357 China International Capital Corp 4 5.364 9,760 42 6 3.459 1.905 China International Capital Corp 5 5.086 10,421 43 8 3.288 1.798 Bank of America Merrill Lynch 5 4.736 8,617 26 10 2.423 2.313 JP Morgan 6 4.475 9,170 63 6 3.465 1.010 JP Morgan 6 4.703 8,557 58 8 3.212 1.491 Bank of America Merrill Lynch 7 4.223 8,653 27 10 2.306 1.917 UBS 7 4.495 8,178 56 2 5.726 -1.231 Credit Suisse 8 3.996 8,187 67 7 3.425 0.571 Credit Suisse 8 4.236 7,708 64 7 3.452 0.784 China Securities 9 3.050 6,249 36 12 2.009 1.041 China Securities 9 2.912 5,299 34 11 2.238 0.674 CITIC Securities 10 2.668 5,467 45 4 4.414 -1.746 CITIC Securities 10 2.818 5,128 43 3 4.816 -1.998 Deutsche Bank 11 2.417 4,951 39 9 2.873 -0.456 Deutsche Bank 11 2.305 4,193 33 9 3.097 -0.792 Macquarie 12 1.901 3,895 23 14 1.875 0.026 Huatai Securities 12 2.012 3,661 20 22 1.161 0.851 Huatai Securities 13 1.787 3,661 20 25 1.042 0.745 China Merchants Securities 13 2.008 3,654 29 17 1.615 0.393 China Merchants Securities 14 1.783 3,654 29 19 1.450 0.333 Haitong Securities 14 1.809 3,292 56 16 1.668 0.141 Haitong Securities 15 1.749 3,583 57 17 1.729 0.020 HSBC 15 1.684 3,064 24 15 1.767 -0.083 HSBC 16 1.495 3,064 24 15 1.842 -0.347 China Merchants Bank 16 1.525 2,776 26 36 0.613 0.912 BNP Paribas 17 1.454 2,979 18 44 0.544 0.910 BNP Paribas 17 1.470 2,674 16 48 0.473 0.997 China Merchants Bank 18 1.355 2,776 26 42 0.550 0.805 Guotai Junan Securities 18 1.334 2,427 28 19 1.361 -0.027 Guotai Junan Securities 19 1.327 2,718 29 18 1.507 -0.180 Bank of China 19 1.265 2,301 14 20 1.190 0.075 Bank of China 20 1.123 2,301 14 23 1.068 0.055 China Construction Bank 20 1.108 2,015 29 42 0.525 0.583 TOTAL 100% 204,896 2,176 100% TOTAL 100% 181,949 2,022 100%

APAC ex-Japan Equity Offerings APAC ex-Japan Equity IPO FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Citi 1 8.556 12,741 86 3 5.418 3.138 China International Capital Corp 1 8.395 7,493 31 6 3.181 5.214 Morgan Stanley 2 7.846 11,683 62 1 8.015 -0.169 Goldman Sachs 2 5.852 5,223 31 26 1.234 4.618 Goldman Sachs 3 6.893 10,265 55 4 4.081 2.812 Bank of America Merrill Lynch 3 4.272 3,813 16 21 1.484 2.788 China International Capital Corp 4 5.484 8,165 36 14 1.940 3.544 Morgan Stanley 4 4.082 3,643 32 10 2.730 1.352 Bank of America Merrill Lynch 5 5.318 7,919 23 8 2.837 2.481 CITIC Securities 5 3.998 3,568 35 2 4.276 -0.278 UBS 6 5.163 7,688 53 2 5.801 -0.638 UBS 6 3.451 3,080 20 8 2.912 0.539 JP Morgan 7 3.943 5,872 46 7 2.881 1.062 China Merchants Securities 7 3.374 3,012 26 9 2.740 0.634 Credit Suisse 8 3.635 5,412 51 5 3.568 0.067 Citi 8 3.232 2,885 35 1 4.597 -1.365 CITIC Securities 9 2.731 4,067 39 6 3.088 -0.357 Credit Suisse 9 3.183 2,841 25 3 3.374 -0.191 Deutsche Bank 10 2.164 3,223 29 10 2.420 -0.256 Huatai Securities 10 3.048 2,721 17 24 1.298 1.750 China Merchants Securities 11 2.112 3,145 27 17 1.647 0.465 JP Morgan 11 2.961 2,643 22 14 1.980 0.981 China Merchants Bank 12 1.864 2,776 26 33 0.747 1.117 Deutsche Bank 12 2.873 2,564 20 15 1.948 0.925 Huatai Securities 13 1.827 2,721 17 32 0.783 1.044 China Securities 13 2.555 2,280 20 4 3.346 -0.791 HSBC 14 1.606 2,392 19 15 1.884 -0.278 China Merchants Bank 14 2.401 2,143 23 27 1.091 1.310 China Securities 15 1.554 2,315 21 12 1.968 -0.414 Haitong Securities 15 2.314 2,066 44 7 3.139 -0.825 Haitong Securities 16 1.527 2,274 47 11 2.032 -0.505 Agricultural Bank of China 16 2.188 1,953 31 31 0.949 1.239 China Construction Bank 17 1.353 2,015 29 37 0.639 0.714 China Construction Bank 17 2.132 1,903 26 28 1.081 1.051 Agricultural Bank of China 18 1.353 2,014 32 43 0.558 0.795 Industrial & Comm Bank of China 18 1.979 1,766 16 53 0.515 1.464 BNP Paribas 19 1.336 1,989 13 40 0.576 0.760 Bank of China 19 1.762 1,572 12 16 1.901 -0.139 Industrial & Comm Bank of China 20 1.198 1,783 17 61 0.321 0.877 Guotai Junan Securities 20 1.611 1,438 20 13 2.012 -0.401 TOTAL 100% 148,904 1,812 100% TOTAL 100% 89,256 864 100%

Bloomberg League Table Reports Page 18 Bloomberg Global Equity | FY 2018

APAC ex-Japan Equity Linked APAC ex-Japan Equity, EQL & Rights ex-CH A Shrs FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Goldman Sachs 1 12.840 4,299 9 5 4.975 7.865 Morgan Stanley 1 8.886 14,545 71 1 9.101 -0.215 China Securities 2 8.914 2,984 13 8 3.415 5.499 Citi 2 8.273 13,542 90 3 6.306 1.967 JP Morgan 3 8.022 2,686 12 7 4.649 3.373 Goldman Sachs 3 7.695 12,595 56 4 5.005 2.690 Credit Suisse 4 6.857 2,296 13 9 2.875 3.982 UBS 4 7.600 12,440 72 2 7.693 -0.093 China International Capital Corp 5 4.764 1,595 6 2 10.233 -5.469 Bank of America Merrill Lynch 5 5.287 8,653 27 8 3.271 2.016 CITIC Securities 6 3.169 1,061 4 1 12.509 -9.340 JP Morgan 6 5.246 8,587 61 5 4.708 0.538 Haitong Securities 7 3.042 1,018 9 - - 3.042 Credit Suisse 7 4.849 7,937 66 6 4.471 0.378 Deutsche Bank 8 2.899 971 4 3 6.089 -3.190 Deutsche Bank 8 2.863 4,686 36 7 3.502 -0.639 Huatai Securities 9 2.809 940 3 11 2.840 -0.031 Macquarie 9 2.379 3,895 23 9 2.660 -0.281 Minsheng Securities 10 2.599 870 6 34 0.580 2.019 China International Capital Corp 10 2.212 3,620 29 16 1.354 0.858 Citi 11 2.576 862 5 17 1.662 0.914 BNP Paribas 11 1.820 2,979 18 30 0.772 1.048 Guotai Junan Securities 12 2.270 760 4 15 2.063 0.207 Haitong Securities 12 1.786 2,923 48 21 1.146 0.640 Bank of China 13 2.178 729 2 19 1.477 0.701 China Merchants Bank 13 1.696 2,776 26 28 0.781 0.915 Morgan Stanley 14 2.123 711 5 10 2.866 -0.743 CITIC Securities 14 1.693 2,772 31 15 1.374 0.319 Bank of America Merrill Lynch 15 2.083 697 3 38 0.521 1.562 HSBC 15 1.668 2,731 23 10 2.614 -0.946 Zhongtai Securities 16 2.061 690 3 41 0.473 1.588 China Merchants Securities 16 1.242 2,033 18 32 0.721 0.521 BNP Paribas 17 2.048 686 3 - - 2.048 China Construction Bank 17 1.231 2,015 29 27 0.812 0.419 HSBC 18 2.008 672 5 22 1.210 0.798 Agricultural Bank of China 18 1.231 2,014 32 41 0.583 0.648 Ping An Insurance Group 19 1.928 646 3 40 0.505 1.423 Industrial & Comm Bank of China 19 1.090 1,783 17 51 0.335 0.755 Changjiang Securities 20 1.768 592 3 - - 1.768 DBS Group 20 1.071 1,753 27 17 1.338 -0.267 TOTAL 100% 33,477 210 100% TOTAL 100% 163,684 1,986 100%

Bloomberg League Table Reports Page 19 Bloomberg Global Equity | FY 2018

Australia/New Zealand Equity, EQL & Rights Australia/New Zealand Equity & Rights Offerings FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) UBS 1 25.594 6,719 33 1 23.652 1.942 UBS 1 26.457 6,719 33 1 23.664 2.793 Macquarie 2 14.158 3,717 18 2 15.237 -1.079 Macquarie 2 14.636 3,717 18 2 15.245 -0.609 Morgan Stanley 3 9.890 2,596 10 3 12.221 -2.331 Morgan Stanley 3 9.633 2,446 9 3 12.227 -2.594 Citi 4 6.343 1,665 15 10 2.553 3.790 Citi 4 6.557 1,665 15 10 2.555 4.002 Deutsche Bank 5 5.385 1,414 9 20 0.813 4.572 JP Morgan 5 5.210 1,323 12 4 6.211 -1.001 JP Morgan 6 5.040 1,323 12 4 6.208 -1.168 Deutsche Bank 6 4.486 1,139 8 20 0.813 3.673 Bell Potter Securities Ltd 7 3.500 919 56 5 3.935 -0.435 Bell Potter Securities Ltd 7 3.618 919 56 5 3.937 -0.319 Morgans 8 3.032 796 49 6 3.817 -0.785 Morgans 8 3.134 796 49 6 3.818 -0.684 Goldman Sachs 9 2.965 778 8 8 3.137 -0.172 Bank of America Merrill Lynch 9 2.576 654 1 28 0.381 2.195 Bank of America Merrill Lynch 10 2.492 654 1 28 0.381 2.111 Goldman Sachs 10 1.918 487 6 8 3.138 -1.220 Ord Minnett Ltd 11 1.840 483 13 18 1.137 0.703 Ord Minnett Ltd 11 1.902 483 13 18 1.138 0.764 National Australia Bank 12 1.780 467 5 27 0.393 1.387 National Australia Bank 12 1.841 467 5 27 0.393 1.448 Hartleys Ltd 13 1.596 419 37 19 0.968 0.628 Hartleys Ltd 13 1.650 419 37 19 0.968 0.682 Taylor Collison Ltd 14 1.560 409 26 17 1.236 0.324 Taylor Collison Ltd 14 1.612 409 26 17 1.237 0.375 Wilsons Corporate Finance Ltd 15 1.330 349 12 11 1.802 -0.472 Wilsons Corporate Finance Ltd 15 1.375 349 12 11 1.803 -0.428 Moelis & Co 16 1.133 297 9 15 1.554 -0.421 Moelis & Co 16 1.171 297 9 15 1.555 -0.384 Credit Suisse 17 1.127 296 5 7 3.163 -2.036 Canaccord Genuity 17 1.060 269 26 9 3.043 -1.983 Canaccord Genuity 18 1.025 269 26 9 3.042 -2.017 Euroz Securities 18 1.017 258 19 14 1.563 -0.546 Euroz Securities 19 0.984 258 19 14 1.562 -0.578 Evans & Partner Pty Ltd 19 0.952 242 2 23 0.576 0.376 Evans & Partner Pty Ltd 20 0.921 242 2 23 0.576 0.345 Commonwealth Bank Australia 20 0.820 208 4 12 1.652 -0.832 TOTAL 100% 26,251 647 100% TOTAL 100% 25,394 644 100%

China Equity, Equity Linked & Rights China Equity IPO FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (CNY Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (CNY Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) China Securities 1 15.240 82,559 36 3 8.688 6.552 China International Capital Corp 1 24.073 33,529 8 8 4.415 19.658 China International Capital Corp 2 12.567 68,079 20 1 11.970 0.597 Huatai Securities 2 10.371 14,444 9 11 3.288 7.083 CITIC Securities 3 10.120 54,820 30 2 10.634 -0.514 CITIC Securities 3 10.224 14,240 12 1 8.438 1.786 Huatai Securities 4 9.822 53,206 26 5 4.545 5.277 China Securities 4 6.320 8,803 8 3 7.821 -1.501 Guotai Junan Securities 5 8.127 44,028 22 4 7.380 0.747 China Merchants Securities 5 5.341 7,439 9 9 4.301 1.040 Bank of China 6 4.475 24,241 4 16 1.811 2.664 Guosen Securities 6 3.855 5,369 2 4 6.513 -2.658 Guosen Securities 7 3.732 20,216 14 6 4.197 -0.465 Industrial Securities 7 3.074 4,281 4 14 2.357 0.717 Goldman Sachs 8 2.926 15,850 13 12 2.309 0.617 Goldman Sachs 8 2.871 3,998 3 - - 2.871 GF Securities 9 2.654 14,375 24 8 3.266 -0.612 GF Securities 9 2.725 3,795 7 2 7.826 -5.101 China Merchants Securities 10 2.605 14,109 16 10 2.507 0.098 Guotai Junan Securities 10 2.706 3,769 4 7 4.734 -2.028 Minsheng Securities 11 1.894 10,261 15 30 0.803 1.091 Sinolink Securities 11 2.206 3,072 5 6 5.419 -3.213 Sinolink Securities 12 1.634 8,853 13 13 2.216 -0.582 Bank of China 12 2.130 2,967 1 12 2.602 -0.472 Industrial Securities 13 1.487 8,055 9 9 3.096 -1.609 Haitong Securities 13 2.034 2,833 6 5 5.632 -3.598 Dongxing Securities 14 1.379 7,470 14 20 1.309 0.070 Zheshang Securities 14 1.919 2,673 2 25 1.042 0.877 Huafu Securities 15 1.326 7,184 1 36 0.497 0.829 Essence Securities 15 1.437 2,002 2 10 4.114 -2.677 Citi 16 1.295 7,013 7 17 1.760 -0.465 Citi 16 1.353 1,884 3 18 1.841 -0.488 Shenwan Hongyuan Group 17 1.274 6,904 3 15 1.876 -0.602 Soochow Securities 17 1.285 1,790 3 17 1.907 -0.622 Haitong Securities 18 1.253 6,787 15 7 3.717 -2.464 Guoyuan Securities 18 1.091 1,519 1 23 1.280 -0.189 Ping An Insurance Group 19 1.196 6,477 9 39 0.450 0.746 Changjiang Securities 19 1.040 1,448 3 44 0.284 0.756 Changjiang Securities 20 1.154 6,252 7 40 0.424 0.730 Central China Securities 20 0.989 1,377 1 - - 0.989 TOTAL 100% 541,719 331 100% TOTAL 100% 139,281 104 100%

Bloomberg League Table Reports Page 20 Bloomberg Global Equity | FY 2018

Hong Kong Equity & Rights Offerings Equity Offerings FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Morgan Stanley 1 11.979 7,318 26 1 15.356 -3.377 Morgan Stanley 1 12.341 7,318 26 1 16.401 -4.060 Citi 2 7.092 4,333 15 6 3.505 3.587 Citi 2 7.306 4,333 15 5 3.743 3.563 Bank of America Merrill Lynch 3 7.087 4,329 4 3 5.475 1.612 Bank of America Merrill Lynch 3 7.301 4,329 4 3 5.081 2.220 Goldman Sachs 4 6.656 4,066 19 2 8.903 -2.247 Goldman Sachs 4 6.857 4,066 19 2 9.509 -2.652 UBS 5 5.766 3,522 23 5 3.532 2.234 UBS 5 5.940 3,522 23 4 3.772 2.168 China International Capital Corp 6 4.667 2,851 21 11 3.013 1.654 China Merchants Bank 6 4.681 2,776 26 7 3.547 1.134 China Merchants Bank 7 4.543 2,776 26 8 3.321 1.222 China International Capital Corp 7 3.694 2,191 20 9 3.218 0.476 Haitong Securities 8 3.358 2,052 39 4 3.950 -0.592 China Construction Bank 8 3.398 2,015 29 14 2.803 0.595 China Construction Bank 9 3.299 2,015 29 10 3.183 0.116 Agricultural Bank of China 9 3.397 2,014 32 15 2.421 0.976 Agricultural Bank of China 10 3.297 2,014 32 16 2.267 1.030 China Merchants Securities 10 3.388 2,009 17 10 2.994 0.394 China Merchants Securities 11 3.289 2,009 17 12 2.804 0.485 HSBC 11 3.195 1,894 13 6 3.684 -0.489 HSBC 12 3.101 1,894 13 7 3.449 -0.348 Industrial & Comm Bank of China 12 3.007 1,783 17 18 1.699 1.308 Industrial & Comm Bank of China 13 2.919 1,783 17 18 1.590 1.329 Haitong Securities 13 2.968 1,760 38 13 2.853 0.115 JP Morgan 14 2.757 1,684 13 14 2.747 0.010 JP Morgan 14 2.840 1,684 13 12 2.934 -0.094 CITIC Securities 15 2.640 1,613 20 13 2.764 -0.124 CITIC Securities 15 2.720 1,613 20 11 2.952 -0.232 Guotai Junan Securities 16 2.236 1,366 21 19 0.927 1.309 Bank of China 16 1.850 1,097 10 16 2.216 -0.366 BNP Paribas 17 1.818 1,111 8 25 0.810 1.008 Guotai Junan Securities 17 1.813 1,075 20 31 0.660 1.153 Bank of China 18 1.796 1,097 10 17 2.075 -0.279 BNP Paribas 18 1.764 1,046 7 24 0.866 0.898 China Securities 19 1.560 953 13 24 0.886 0.674 China Securities 19 1.607 953 13 22 0.946 0.661 AMTD Global Markets Ltd 20 1.408 860 12 36 0.420 0.988 AMTD Global Markets Ltd 20 1.451 860 12 35 0.449 1.002 TOTAL 100% 61,089 372 100% TOTAL 100% 59,300 354 100%

India Equity & Rights Offering Indonesia Equity & Rights Offering FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (INR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (IDR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Citi 1 15.579 144,560 16 1 11.617 3.962 CITIC Securities 1 13.916 4,085,498 3 2 10.322 3.594 Kotak Mahindra Bank Ltd 2 10.455 97,015 14 2 8.071 2.384 BNP Paribas 2 11.640 3,417,160 1 10 4.134 7.506 Axis Bank Ltd 3 9.545 88,573 15 3 7.183 2.362 Nomura 2 11.640 3,417,160 1 - - 11.640 State Bank of India 4 8.930 82,863 13 13 2.779 6.151 Indo Premier Securities 4 8.133 2,387,753 4 21 0.860 7.273 ICICI 5 8.835 81,985 14 5 5.599 3.236 Ciptadana Sekuritas 5 6.826 2,003,911 2 22 0.847 5.979 Morgan Stanley 6 7.065 65,557 6 6 5.447 1.618 Mandiri Sekuritas PT 6 6.290 1,846,579 5 1 18.779 -12.489 JM Financial Ltd 7 5.597 51,937 13 8 4.750 0.847 UOB Kay Hian Pvt Ltd 7 4.946 1,452,147 8 28 0.330 4.616 Edelweiss Ltd 8 3.663 33,991 11 11 3.583 0.080 Morgan Stanley 8 3.566 1,047,000 1 8 4.434 -0.868 HDFC Bank 9 3.382 31,385 4 28 0.448 2.934 Danatama Makmur PT 9 3.474 1,020,000 3 - - 3.474 Bank of America Merrill Lynch 10 3.142 29,159 4 10 4.213 -1.071 Sinarmas Securities PT 10 3.016 885,522 7 14 2.630 0.386 IIFL Holdings Ltd 11 2.865 26,588 10 9 4.739 -1.874 Danareksa Sekuritas PT 11 2.589 760,132 3 6 5.252 -2.663 JP Morgan 12 2.395 22,220 5 15 2.757 -0.362 Bahana Securities 12 2.551 749,000 2 4 7.129 -4.578 Credit Suisse 13 1.954 18,135 6 16 2.432 -0.478 Trimegah Securities 13 2.342 687,689 4 5 6.541 -4.199 Goldman Sachs 14 1.779 16,508 4 19 1.887 -0.108 CIMB 14 2.327 683,248 3 12 2.867 -0.540 CITIC Securities 15 1.723 15,989 5 20 1.764 -0.041 NH Korindo Sekuritas Indonesia PT 15 1.957 574,632 3 - - 1.957 Motilal Oswal Investment Advisors 16 1.476 13,699 5 18 2.262 -0.786 Citi 16 1.669 490,018 1 - - 1.669 IDBI Bank Ltd 17 1.062 9,852 5 23 0.777 0.285 Credit Suisse 16 1.669 490,018 1 3 8.568 -6.899 Yes Bank 18 0.987 9,157 4 12 2.931 -1.944 DBS Group 16 1.669 490,018 1 7 4.879 -3.210 Fortune Financial Services India Ltd 19 0.962 8,924 6 29 0.446 0.516 Kresna Sekuritas PT 19 1.243 364,882 2 - - 1.243 Aryaman Financial Services Ltd 20 0.800 7,425 23 42 0.121 0.679 RHB 20 1.105 324,330 2 19 1.114 -0.009 TOTAL 100% 927,926 206 100% TOTAL 100% 29,357,398 57 100%

Bloomberg League Table Reports Page 21 Bloomberg Global Equity | FY 2018

Malaysia Equity & Rights Offering Singapore Equity & Rights Offering FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (MYR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Maybank 1 21.080 1,126 4 3 9.386 11.694 DBS Group 1 25.680 1,178 19 1 28.036 -2.356 RHB 2 14.372 768 9 4 9.377 4.995 Citi 2 23.107 1,060 10 3 8.125 14.982 BNP Paribas 3 9.336 499 1 - - 9.336 Goldman Sachs 3 12.097 555 2 14 2.210 9.887 CIMB 4 9.231 493 3 1 33.365 -24.134 JP Morgan 4 6.944 319 3 6 4.386 2.558 Kenanga Investment Bank Bhd 5 6.711 359 14 11 2.724 3.987 Oversea-Chinese Banking Corp 5 4.405 202 2 7 4.207 0.198 AmInvestment Bank Bhd 6 6.250 334 7 17 0.448 5.802 HSBC 6 4.204 193 3 2 10.077 -5.873 JP Morgan 7 5.707 305 1 5 4.841 0.866 Credit Suisse 7 3.431 157 3 12 2.421 1.010 Affin Hwang Capital 8 5.463 292 4 12 2.190 3.273 Bank of America Merrill Lynch 8 3.414 157 3 5 5.939 -2.525 UOB Kay Hian Pvt Ltd 9 4.160 222 11 8 3.622 0.538 CITIC Securities 9 2.149 99 1 10 3.320 -1.171 TA Securities Holdings Bhd 10 3.831 205 32 14 0.694 3.137 UBS 10 2.010 92 2 4 7.586 -5.576 M&A Securities Sdn Bhd 11 3.748 200 25 13 1.375 2.373 UOB Kay Hian Pvt Ltd 11 1.918 88 6 16 1.696 0.222 Credit Suisse 12 3.407 182 1 2 14.960 -11.553 Maybank 12 1.451 67 3 17 1.475 -0.024 Public Bank Berhad 13 1.870 100 10 21 0.090 1.780 BNP Paribas 13 1.196 55 1 11 2.658 -1.462 Alliance Bank Malaysia Bhd 14 1.797 96 3 22 0.030 1.767 14 0.996 46 2 8 4.194 -3.198 Mercury Securities Sdn Bhd 15 1.342 72 13 16 0.558 0.784 Bank of China 15 0.950 44 1 20 0.572 0.378 MIDF Amanah Investment Bank Bhd 16 0.587 31 2 20 0.094 0.493 China International Capital Corp 15 0.950 44 1 - - 0.950 KAF Investment Bank Bhd 17 0.493 26 7 19 0.148 0.345 Haitong Securities 15 0.950 44 1 20 0.572 0.378 Inter- 18 0.247 13 5 15 0.566 -0.319 SAC Capital Pte Ltd 18 0.912 42 1 24 0.419 0.493 Hong Leong Financial Group Bhd 19 0.206 11 3 18 0.349 -0.143 Daiwa Securities 19 0.819 38 1 14 2.210 -1.391 DWA Advisory Sdn Bhd 20 0.104 6 1 - - 0.104 Morgan Stanley 19 0.819 38 1 9 3.570 -2.751 TOTAL 100% 5,343 140 100% Canaccord Genuity 21 0.473 22 2 - - 0.473 TOTAL 100% 4,586 42 100%

Taiwan Equity & Equity Linked Thailand Equity & Rights Offering FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (TWD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (THB Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Yuanta Financial Holding Co Ltd 1 21.048 22,017 17 2 17.567 3.481 Bangkok Bank PCL 1 18.887 37,076 13 2 20.955 -2.068 Fubon Securities 2 18.473 19,325 19 3 16.372 2.101 Phatra Securities PCL 2 13.764 27,020 7 5 4.827 8.937 Taishin Financial Holding Co Ltd 3 11.310 11,831 22 5 6.122 5.188 Siam Commercial Bank PCL 3 11.880 23,321 5 1 23.601 -11.721 BNP Paribas 4 11.150 11,664 1 - - 11.150 Krung Thai Bank 4 11.376 22,331 3 15 1.277 10.099 KGI Securities 5 10.221 10,692 25 1 23.916 -13.695 Credit Suisse 5 11.040 21,672 4 8 4.102 6.938 Grand Fortune Securities Co 6 4.413 4,617 11 8 3.142 1.271 Bank of America Merrill Lynch 6 9.188 18,037 3 9 3.357 5.831 SinoPac Financial Holdings 7 3.817 3,993 13 4 9.963 -6.146 Morgan Stanley 7 6.769 13,289 3 - - 6.769 Mega Financial Holding 8 3.031 3,171 9 17 0.611 2.420 JP Morgan 8 6.476 12,713 2 - - 6.476 President Securities 9 2.546 2,663 5 11 1.297 1.249 Finansa Securities Ltd 9 4.554 8,940 1 20 0.811 3.743 Waterland Securities Co Ltd 10 1.916 2,005 8 14 0.855 1.061 Nomura 10 1.262 2,478 2 23 0.339 0.923 First Securities Inc 11 1.756 1,837 9 18 0.508 1.248 Kasikornbank PCL 11 1.010 1,983 1 3 9.425 -8.415 Morgan Stanley 12 1.729 1,809 1 9 2.958 -1.229 Finansia Syrus Securities PCL 12 0.911 1,788 2 14 1.299 -0.388 Concord Securities 13 1.619 1,694 5 19 0.501 1.118 KT ZMICO Securities Co Ltd 13 0.521 1,023 1 17 0.997 -0.476 Masterlink Securities 14 1.309 1,370 6 6 5.600 -4.291 Tisco Bank PCL 14 0.469 922 1 10 2.980 -2.511 Cathay Securities Co Ltd 15 1.266 1,325 5 10 1.530 -0.264 KTB Investment & Securities Co Ltd 15 0.446 875 2 - - 0.446 Capital Securities Corp 16 1.143 1,195 6 16 0.794 0.349 Thanachart Capital PCL 16 0.439 863 1 11 2.742 -2.303 Taiwan Cooperative Securities Co Ltd 17 0.859 899 4 12 1.213 -0.354 Maybank 17 0.382 750 1 4 5.224 -4.842 Hua Nan Securities 18 0.688 720 2 25 0.011 0.677 AEC Securities PCL 18 0.338 663 3 24 0.264 0.074 Friendly Securities Co Ltd 19 0.574 600 1 - - 0.574 Globlex Securities Co Ltd 19 0.149 293 1 - - 0.149 Jih Sun Securities Co Ltd 20 0.463 485 5 22 0.109 0.354 KGI Securities 20 0.069 135 1 18 0.897 -0.828 TOTAL 100% 104,608 181 100% TOTAL 100% 196,302 41 100%

Bloomberg League Table Reports Page 22 Bloomberg Global Equity | FY 2018

South Korea Equity Offerings Japan Equity Offerings (Fiscal Year) FY 2018 FY 2017 FY 2018 FY 2017

Mkt Volume (KRW Deal Prev Prev Mkt Firm Rank Mkt Share(%) Volume (JPY Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Share(%) Mln) Count Rank Share(%) Mkt Share Chg(%) Sumitomo Mitsui Financial 1 16.418 746,385 52 6 8.219 8.199 Citi 1 22.932 3,185,424 13 5 7.008 15.924 Nomura 2 15.886 722,221 50 2 16.404 -0.518 Goldman Sachs 2 14.682 2,039,412 5 7 5.092 9.590 Mizuho Financial 3 13.524 614,842 47 5 12.327 1.197 Daishin Securities 3 10.178 1,413,826 15 15 2.119 8.059 Daiwa Securities 4 13.064 593,926 32 3 15.821 -2.757 Korea Investment & Securities Co 4 8.828 1,226,207 16 3 7.970 0.858 Morgan Stanley 5 12.928 587,736 23 4 12.843 0.085 NH Investment & Securities Co Ltd 5 8.775 1,218,865 15 1 23.675 -14.900 SBI Holdings Inc/Japan 6 8.361 380,104 11 10 0.324 8.037 Credit Suisse 6 7.809 1,084,771 4 13 2.232 5.577 JP Morgan 7 7.298 331,770 4 8 3.837 3.461 JP Morgan 7 4.738 658,125 1 6 5.371 -0.633 Goldman Sachs 8 5.794 263,396 2 1 22.963 -17.169 Mirae Asset Daewoo Co Ltd 8 4.109 570,774 15 2 11.758 -7.649 Bank of America Merrill Lynch 9 2.781 126,447 4 7 5.843 -3.062 UBS 9 2.889 401,280 1 11 3.044 -0.155 Citi 10 1.146 52,121 4 11 0.308 0.838 KB Securities Co Ltd 10 2.865 397,928 8 8 4.272 -1.407 Credit Suisse 11 0.850 38,642 2 14 0.103 0.747 Morgan Stanley 11 2.230 309,770 1 4 7.108 -4.878 UBS 12 0.738 33,533 3 9 0.496 0.242 Shinhan Financial Group Co Ltd 12 1.733 240,681 4 19 0.956 0.777 Deutsche Bank 13 0.563 25,611 2 12 0.197 0.366 Kiwoom Securities Co Ltd 13 1.483 205,927 9 22 0.433 1.050 Credit Agricole CIB 14 0.485 22,051 1 - - 0.485 Samsung Securities Co Ltd 14 1.204 167,250 5 10 3.937 -2.733 Tokai Tokyo Securities Co Ltd 15 0.069 3,158 3 15 0.092 -0.023 BNP Paribas 15 1.022 141,900 1 17 1.324 -0.302 Ichiyoshi Securities Co Ltd 16 0.038 1,715 1 13 0.109 -0.071 DB Financial Investment Co Ltd 16 0.711 98,710 5 29 0.048 0.663 Okasan Securities Group Inc 17 0.032 1,473 2 17 0.044 -0.012 Hana Financial Group Inc 17 0.703 97,625 7 21 0.468 0.235 Macquarie 18 0.022 1,006 1 16 0.069 -0.047 Eugene Investment & Securities Co Ltd 18 0.587 81,563 4 26 0.168 0.419 Aizawa Securities Co Ltd 19 0.002 81 1 - - 0.002 Shinyoung Securities Co Ltd 19 0.501 69,650 4 25 0.179 0.322 ------Golden Bridge Investment & Securities Co 20 0.468 65,029 3 - - 0.468 TOTAL 100% 4,546,221 157 100% Ltd TOTAL 100% 13,890,468 131 100%

Japan Equity IPO (Fiscal Year) Japan Equity & Equity Linked (Fiscal Year) FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (JPY Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (JPY Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Nomura 1 17.491 501,817 17 3 20.122 -2.631 Nomura 1 17.441 877,853 60 1 21.187 -3.746 Sumitomo Mitsui Financial 2 16.318 468,179 20 4 16.533 -0.215 Sumitomo Mitsui Financial 2 15.683 789,385 55 6 8.083 7.600 Mizuho Financial 3 15.696 450,317 21 5 12.105 3.591 Daiwa Securities 3 13.687 688,926 36 3 15.837 -2.150 Morgan Stanley 4 15.360 440,682 6 1 23.487 -8.127 Mizuho Financial 4 13.301 669,474 51 4 11.828 1.473 Daiwa Securities 5 14.970 429,495 12 2 22.112 -7.142 Morgan Stanley 5 13.259 667,368 29 5 11.711 1.548 SBI Holdings Inc/Japan 6 12.794 367,074 10 9 0.652 12.142 SBI Holdings Inc/Japan 6 7.552 380,104 11 10 0.296 7.256 Bank of America Merrill Lynch 7 1.186 34,028 2 - - 1.186 JP Morgan 7 6.882 346,402 6 8 3.499 3.383 JP Morgan 7 1.186 34,028 2 - - 1.186 Goldman Sachs 8 5.524 278,028 4 2 20.939 -15.415 UBS 9 1.023 29,342 2 6 1.822 -0.799 Bank of America Merrill Lynch 9 2.512 126,447 4 7 5.328 -2.816 Citi 10 0.769 22,051 1 8 0.819 -0.050 Citi 10 1.632 82,121 5 11 0.281 1.351 Credit Agricole CIB 10 0.769 22,051 1 - - 0.769 Credit Suisse 11 0.768 38,642 2 14 0.094 0.674 Credit Suisse 10 0.769 22,051 1 - - 0.769 UBS 12 0.666 33,533 3 9 0.452 0.214 Deutsche Bank 10 0.769 22,051 1 - - 0.769 Deutsche Bank 13 0.509 25,611 2 12 0.180 0.329 Goldman Sachs 10 0.769 22,051 1 - - 0.769 Credit Agricole CIB 14 0.438 22,051 1 - - 0.438 Ichiyoshi Securities Co Ltd 15 0.060 1,715 1 7 0.934 -0.874 Tokai Tokyo Securities Co Ltd 15 0.063 3,158 3 15 0.084 -0.021 Tokai Tokyo Securities Co Ltd 16 0.048 1,385 1 11 0.488 -0.440 Ichiyoshi Securities Co Ltd 16 0.034 1,715 1 13 0.100 -0.066 Okasan Securities Group Inc 17 0.024 685 1 12 0.338 -0.314 Okasan Securities Group Inc 17 0.029 1,473 2 17 0.040 -0.011 Aizawa Securities Co Ltd 18 0.003 81 1 - - 0.003 Macquarie 18 0.020 1,006 1 16 0.063 -0.043 ------Aizawa Securities Co Ltd 19 0.002 81 1 - - 0.002 ------TOTAL 100% 2,869,084 74 100% TOTAL 100% 5,033,381 176 100%

Bloomberg League Table Reports Page 23 Bloomberg Equity & Equity Linked - League Tables Criteria

General Guidelines

Credit is based on the total amount of the offering sold to the public, including exercised over-allotment. Full credit is awarded to sole book-running manager or split equally among joint book-running managers.

Equities

Equity market transactions: initial public offerings, additional offerings of common stocks, units, and depositary receipts (ADRs, GDRs, etc) and rights offerings.

Exclusions: Non-underwritten/best efforts, privately placed transactions, funds, self-led, preferred offerings, pre-negotiated offerings, certain lower hierarch titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional table.

Equities-Linked

Equity-linked transactions: convertible bonds, convertible preferred stock and exchangeable bonds. Only issues that mature and are callable/puttable in 12 months or longer are included. Make-whole calls, provisional calls, and provisional puts are exempt from this rule. Convertible bonds with attached warrants are included. These are defined as synthetic convertibles with the combination of a fixed income instrument and warrants which can be converted into shares. The embedded warrant can be detachable or non-detachable but the bond and the warrant must be sold as a unit, i.e. there cannot be separate book building for the warrant and the bond.

Exclusions: Redemption-linked instruments, reverse convertibles or similar instruments, synthetics convertibles, issues convertible into participation in an underlying fund or investment trust, pre-IPO convertible instruments, pre-negotiated offerings, certain lower hierarch titles, i.e. Jr Bookrunner.

The full version of Bloomberg’s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on LEAG.

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.