Legal Template

Fourth Quarter 2009

Legal Advisors EUROPEAN CAPITAL MARKETS LEGAL REVIEW

Manager Legal Advisor EMEA Debt, Equity and Equity Related Annually

2,000 3000 DEBT CAPITAL MARKETS 1,800 2500 1,600 Overall global debt capital markets activity reached US$5.6 trillion for full year 2009, a 29% increase over last year when 1,400 volume reached US$4.3 trillion. 2000 1,200 Key deals in 2009 included Roche Holdings' series of offerings to fund its acquisition of Genentech with total borrowing in 1,000 1500 800 excess of US$30 billion. Freshfields, Homburger, and Davis Polk & Wardwell advised the issuer on these transactions. # of Issues 1000

Proceeds (US$b) 600 400 The Euro-denominated corporate sector experienced its busiest year on record; Allen & Overy was the leading advisor to 500 corporate issuers in 2009. 200 0 Sidley Austin advised the most number of DCM issuers in 2009, with 145 deals; Allen and Overy’s work on 408 deals made 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 it the most frequent advisor to manager. Proceeds # of Issues The State of Qatar notably tapped the bond market with the second largest ever emerging market issue at US$7 billion. Latham & Watkins acted as advisors to the Issuer and Skadden acted on behalf of the underwriting group. Issuer Legal Advisor EMEA Debt, Equity and Equity- EQUITY CAPITAL MARKETS related Annually

Equity capital markets activity totaled US$858.4 billion for full year 2009, a 36% increase over 2008, when new issuance 1,200 1800 totaled US$631.3 billion. The fourth quarter of 2009 ranked as the largest three month period for global equity capital 1600 markets activity on record. 1,000 1400 Led by financial issuers (36%), the overall volume for equity capital markets remained highly concentrated among four main 800 1200 sectors, including materials (13%), industrials (10%) and energy and power (10%). 1000 600 800

Linklaters was the leading ECM legal advisor to issuers in 2009, with US$40.8 billion from 31 offerings, notably on the # of Issues 400 600 Lloyds Banking and Rio Tinto transactions. Linklaters also headed the advisors to managers ranking, having advised on 53 Proceeds (US$b) deals with a total value of US$53.3 billion. 400 200 200

0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Proceeds # of Issues

http://www.thomsonone.com 1 of 11 Fourth Quarter 2009 | European Capital Markets | Legal Advisors International Debt - Ranked by Deal Size

International Debt (AV1) - Issuer Legal Advisor International Debt (AV2) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 Proceeds Mkt. No. Mkt. Chg. in Proceeds Mkt. No. Mkt. Chg. in Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Sidley Austin LLP 179,690.0 1 4.6 145 1 6.7 -2.1 ▼ Linklaters 447,371.7 1 11.0 397 2 7.3 3.7 ▲ Allen & Overy 162,663.3 2 4.2 110 3 3.5 0.7 ▲ Allen & Overy 390,357.0 2 9.6 408 1 8.6 1.0 ▲ Linklaters147,996.8 3 3.8 122 4 3.2 0.6 ▲ Clifford Chance 373,590.5 3 9.2 275 3 5.3 3.9 ▲ Sullivan & Cromwell 128,089.3 4 3.3 77 2 4.3 -1.0 ▼ Sidley Austin LLP 173,349.2 4 4.3 123 6 3.7 0.6 ▲ Gide Loyrette Nouel 108,827.4 5 2.8 41 6 2.5 0.3 ▲ Hengeler Mueller 167,688.4 5 4.1111 4 4.6 -0.5 ▼ Davis Polk & Wardwell 104,822.4 6 2.7 64 8 1.8 0.9 ▲ Davis Polk & Wardwell167,151.7 6 4.1 131 5 3.7 0.4 ▲ Clifford Chance 97,782.9 7 2.5 86 9 1.6 0.9 ▲ Shearman & Sterling LLP 103,693.7 7 2.6 96 11 1.3 1.3 ▲ White & Case LLP 63,637.5 8 1.6 38 131.0 0.6 ▲ Simpson Thacher & Bartlett 102,672.9 8 2.5 81 7 3.2 -0.7 ▼ Cleary Gottlieb Steen & Hamilton 62,423.5 9 1.6 42 7 2.3 -0.7 ▼ Cravath, Swaine & Moore 95,917.2 9 2.4 72 9 2.2 0.2 ▲ Cravath, Swaine & Moore 60,910.8 10 1.6 38 5 3.2 -1.6 ▼ Gide Loyrette Nouel90,058.0 10 2.2 39 13 0.9 1.3 ▲ Latham & Watkins 54,668.5 11 1.4 56 19 0.6 0.8 ▲ Cleary Gottlieb Steen & Hamilton 78,440.5 11 1.955 10 2.0 -0.1 ▼ Simpson Thacher & Bartlett 51,069.4 12 1.3 40 11 1.3 0.0 ▲ Sullivan & Cromwell 77,780.8 12 1.9 60 8 3.1 -1.2 ▼ Shearman & Sterling LLP 43,119.7 13 1.1 34 14 1.0 0.1 ▲ Freshfields Bruckhaus Deringer 68,288.9 13 1.7 912 1.0 0.7 ▲ Freshfields Bruckhaus Deringer 43,029.1 14 1.1 36 22 0.5 0.6 ▲ Cahill Gordon & Reindel 39,967.2 14 1.0 85 22 0.3 0.7 ▲ Skadden 40,111.1 15 1.0 39 10 1.5 -0.5 ▼ Skadden 37,207.315 0.9 36 18 0.5 0.4 ▲ Top 15 Total 1,285,204.2 34.6 968 1,019,116.1 35.0 -0.4 ▼ Top 15 Total 2,413,535.0 59.4 1,978 1,509,336.8 47.7 11.7 ▲ Industry Total 3,871,602.6 100.0 4,909 2,924,924.0 100.0 Industry Total 4,061,686.9 100.0 5,098 3,171,109.4 100.0

Investment Grade Corporate Debt (AV3) - Issuer Legal Advisor Investment Grade Corporate Debt (AV4) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 Proceeds Mkt. No. Mkt. Chg. in Proceeds Mkt. No. Mkt. Chg. in Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Sidley Austin LLP 178,726.5 1 4.8 141 1 6.8 -2.0 ▼ Linklaters 445,296.0 1 11.3 394 2 7.3 4.0 ▲ Allen & Overy 162,031.02 4.3 108 3 3.5 0.8 ▲ Allen & Overy 377,683.3 2 9.6 398 1 8.7 0.9 ▲ Linklaters 143,652.2 3 3.8 119 4 3.2 0.6 ▲ Clifford Chance 373,106.4 3 9.5 271 3 5.4 4.1 ▲ Sullivan & Cromwell 126,216.0 4 3.4 74 2 4.3 -0.9 ▼ Sidley Austin LLP 173,349.2 4 4.4 123 5 3.7 0.7 ▲ Gide Loyrette Nouel 108,827.4 5 2.9 41 6 2.5 0.4 ▲ Hengeler Mueller 162,855.6 5 4.1 108 4 4.6 -0.5 ▼ Davis Polk & Wardwell 102,325.3 6 2.7 58 8 1.8 0.9 ▲ Davis Polk & Wardwell 160,868.0 6 4.1 117 6 3.7 0.4 ▲ Clifford Chance 97,137.7 7 2.6 85 9 1.5 1.1 ▲ Simpson Thacher & Bartlett 94,589.5 7 2.4 63 7 3.2 -0.8 ▼ Cleary Gottlieb Steen & Hamilton 61,441.7 8 1.6 40 7 2.3 -0.7 ▼ Gide Loyrette Nouel 90,058.0 8 2.3 39 130.9 1.4 ▲ Cravath, Swaine & Moore 57,273.1 9 1.5 31 5 3.2 -1.7 ▼ Shearman & Sterling LLP 86,210.5 9 2.2 69 11 1.2 1.0 ▲ White & Case LLP 56,116.1 10 1.5 31 13 1.0 0.5 ▲ Cravath, Swaine & Moore 84,565.4 10 2.2 44 9 2.2 0.0 ▲ Latham & Watkins 49,713.2 11 1.3 45 23 0.5 0.8 ▲ Sullivan & Cromwell 77,780.8 11 2.0 60 8 3.1 -1.1 ▼ Simpson Thacher & Bartlett 42,818.7 12 1.1 23 11 1.3 -0.2 ▼ Cleary Gottlieb Steen & Hamilton 77,609.1 12 2.0 53 10 2.0 0.0 ▲ Freshfields Bruckhaus Deringer 41,638.7 13 1.1 33 20 0.5 0.6 ▲ Freshfields Bruckhaus Deringer 67,487.5 13 1.7 8 12 1.0 0.7 ▲ Shearman & Sterling LLP 41,586.6 14 1.1 30 14 1.0 0.1 ▲ Skadden 33,985.2 14 0.9 31 18 0.5 0.4 ▲ Skadden 36,459.7 15 1.0 29 10 1.5 -0.5 ▼ Morrison & Foerster 27,774.8 15 0.7 814 0.9 -0.2 ▼ Top 15 Total 1,305,963.9 34.7 888 1,011,569.5 34.9 -0.2 ▼ Top 15 Total 1,887,923.3 59.4 1,786 1,519,910.5 48.4 11.0 ▲ Industry Total 3,753,501.2 100.0 4,675 2,903,409.5 100.0 Industry Total 3,940,092.2 100.0 4,861 3,149,594.9 100.0

http://www.thomsonone.com 2 of 11 Fourth Quarter 2009 | European Capital Markets | Legal Advisors International Debt - Ranked by Deal Size

International High Yield Corporate Debt (AV5) - Issuer Legal Advisor International High Yield Corporate Debt (AV6) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 Proceeds Mkt. No. Mkt. Chg. in Proceeds Mkt. No. Mkt. Chg. in Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Legal Advisor US$m Rank ShareDeals Rank Share Mkt. Share Simpson Thacher & Bartlett 8,250.8 1 7.0 17--- - Cahill Gordon & Reindel 29,950.1 1 21.8 70 2 14.6 7.2 ▲ White & Case LLP 7,521.4 2 6.4 7- - -- Latham & Watkins 17,822.9 213.0 26 6 5.3 7.7 ▲ Kirkland & Ellis 6,291.7 3 5.3 8 - - -- Shearman & Sterling LLP 17,483.2 3 12.7 27 1 17.7 -5.0 ▼ Paul, Weiss 5,181.34 4.4 4- - - - Allen & Overy 12,673.7 4 9.2 10 - - - - Latham & Watkins 4,955.3 5 4.2 11 1 16.4-12.2 ▼ Cravath, Swaine & Moore 11,351.8 5 8.3 28 3 9.6 -1.3 ▼ Jones Day 4,730.0 6 4.0 3 14 2.6 1.4 ▲ Simpson Thacher & Bartlett 8,083.46 5.9 18 14 0.2 5.7 ▲ Linklaters 4,344.7 7 3.7 3 - - - - Davis Polk & Wardwell 6,283.7 7 4.6 144 8.1 -3.5 ▼ Lang Michener 4,011.7 8 3.4 1 - - - - Hengeler Mueller 4,832.8 8 3.5 3 - - -- Dewey & LeBoeuf LLP 3,974.1 9 3.4 3- --- Blake Cassels & Graydon 4,593.1 9 3.3 3 8 3.2 0.1 ▲ Ropes & Gray 3,871.6 103.3 1 5 4.6 -1.3 ▼ Skadden 3,222.1 10 2.3 5 - - -- Skadden 3,651.5 11 3.1 10 4 5.2 -2.1 ▼ Weil Gotshal & Manges 2,410.4 11 1.8 3 12 0.8 1.0 ▲ Cravath, Swaine & Moore 3,637.7 12 3.18 19 1.9 1.2 ▲ White & Case LLP 2,318.7 12 1.7 5 10 2.5 -0.8 ▼ NautaDutilh 3,035.2 13 2.6 2 ----Linklaters 2,075.7 13 1.5 3 7 3.9 -2.4 ▼ Vinson & Elkins LLP 2,875.0 14 2.4 11 9 3.3 -0.9 ▼ Fried Frank Harris Shriver & Jacobson 860.1 14 0.6 3 9 2.9 -2.3 ▼ Davis Polk & Wardwell 2,497.1 15 2.1 6 25 0.6 - - Cleary Gottlieb Steen & Hamilton 831.4 15 0.6 2 - - - - Top 15 Total 55,397.058.4 95 1,699.0 34.6 23.8 ▲ Top 15 Total 124,793.1 90.9 220 1,606.0 68.8 82.6 ▲ Industry Total 118,101.4 100.0 235 21,064.5 100.0 Industry Total 137,329.3 100.0238 21,064.5 100.0 . International Securitisations exc. CDO's (AV7) - Issuer Legal Advisor International Securitisations exc. CDO's (AV8) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 Proceeds Mkt. No. Mkt. Chg. in Proceeds Mkt. No. Mkt. Chg. in Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Mayer Brown LLP 9,187.8 116.0 4 17 1.2 14.8 ▲ Hunton & Williams 9,735.7 1 16.9 13 16 1.2 15.7 ▲ Bingham McCutchen LLP 6,958.3 2 12.1 5 2 5.9 6.2 ▲ Sidley Austin LLP 7,765.8 2 13.5 53 6.6 6.9 ▲ Allen & Overy 6,916.2 3 12.0 3 1 8.7 3.3 ▲ Allen & Overy 5,528.2 3 9.6 45 5.5 4.1 ▲ Shearman & Sterling LLP 4,531.74 7.9 315 1.4 6.5 ▲ Cadwalader, Wickersham & Taft 4,031.9 4 7.0 3 10 1.8 5.2 ▲ Shepherd & Wedderburn 2,638.7 5 4.6 1 14 1.5 3.1 ▲ Shearman & Sterling LLP 3,701.3 5 6.4 2- - -- White & Case LLP 1,552.8 6 2.73 - - -- Tods Murray WS3,560.4 6 6.2 2 13 1.5 4.7 ▲ NautaDutilh 1,459.6 7 2.5 4 18 1.0 1.5 ▲ Simpson Thacher & Bartlett 3,002.7 7 5.2 4 - - -- Richards Layton & Finger 1,314.9 8 2.3 211 1.8 0.5 ▲ Bingham McCutchen LLP 2,330.8 8 4.1 3 4 6.2 -2.1 ▼ Debevoise & Plimpton 1,199.9 9* 2.1 1 ----Clifford Chance 2,209.6 9 3.8 1 2 7.6 -3.8 ▼ Weil Gotshal & Manges 1,199.9 9* 2.1 1 - - - - NautaDutilh 1,237.2 10 2.2 1 18 1.0 1.2 ▲ Arthur Cox 1,117.9 11 1.9 2 26 0.2 1.7 ▲ White & Case LLP 1,068.911 1.9 1 31 0.2 1.7 ▲ Hunton & Williams 954.9 12 1.7 11 - - -- Sonnenschein Nath & Rosenthal 593.7 12 1.0 6 - - -- Berwin Leighton Paisner 921.7 13* 1.61-- - - Osler Hoskin & Harcourt LLP516.7 13 0.9 1 - - -- Semple Fraser 921.7 13* 1.61- - - - Stroock & Stroock & Lavan 418.914 0.7 1 8 2.2 -1.5 ▼ DLA Piper 902.9 15 1.6 1 - - -- Mayer Brown LLP 207.0 15 0.417 3.1 - - Top 15 Total 41,778.9 72.7 20 7,290.9 16.2 48.7 ▲ Top 15 Total 45,908.8 79.8 20 7,626.0 39.6 30.4 ▲ Industry Total 57,608.6 100.0 79 64,009.1 100.0 Industry Total 57,608.6 100.0 79 64,009.1 100.0

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http://www.thomsonone.com 3 of 11 Fourth Quarter 2009 | European Capital Markets | Legal Advisors EMEA ECM - Ranked by Deal Size

EMEA Equity, Equity-related (AX1) - Issuer Legal Advisor EMEA Equity, Equity-related (AX2) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 Proceeds Mkt. No. Mkt. Chg. in Proceeds Mkt. No. Mkt. Chg. in Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Legal AdvisorUS$m Rank Share Deals Rank Share Mkt. Share Linklaters 40,869.9 1 15.4 31 1 21.3 -5.9 ▼ Linklaters 53,294.9 1 20.0 53 2 14.9 5.1 ▲ Cleary Gottlieb Steen & Hamilton 36,110.1 2 13.6 11 14 2.7 10.9 ▲ Davis Polk & Wardwell 37,680.5 2 14.2 14 3 8.8 5.4 ▲ Freshfields Bruckhaus Deringer 21,725.9 3 8.2 36 16 2.3 5.9 ▲ Freshfields Bruckhaus Deringer 30,067.7 3 11.3 22 1 20.3 -9.0 ▼ Norton Rose 21,279.4 4 8.0 9 12 3.3 4.7 ▲ Shearman & Sterling LLP 26,875.3 4 10.1 918 0.7 9.4 ▲ Sullivan & Cromwell 20,264.6 5 7.6 7 2 10.7 -3.1 ▼ Herbert Smith/Gleiss Lutz/Stibbe 22,315.0 5 8.4 19 15 1.2 7.2 ▲ Conyers Dill & Pearman 19,420.6 6 7.3 190 0.0 7.3 ▲ Allen & Overy 17,474.1 6 6.6 11 4 5.3 1.3 ▲ Allen & Overy 15,771.2 7 5.9 14 3 8.7 -2.8 ▼ Cleary Gottlieb Steen & Hamilton 15,568.2 7 5.9 10 7 4.1 1.8 ▲ Herbert Smith/Gleiss Lutz/Stibbe 15,374.2 8 5.8 11 61* 0.1 5.7 ▲ Freehills 12,277.6 8 4.6 1 - - -- Shearman & Sterling LLP 13,085.6 9 4.9 8 7 4.7 0.2 ▲ Latham & Watkins8,946.0 9 3.4 3 24 0.4 3.0 ▲ Allens Arthur Robinson 12,277.6 10 4.6 1 26* 0.8 3.8 ▲ Bar & Karrer 6,998.3 10 2.6 5- - -- Davis Polk & Wardwell 11,772.6 11 4.4 11 6 5.1 -0.7 ▼ Clifford Chance 6,607.5 11 2.512 11 1.6 0.9 ▲ Slaughter & May 11,266.3 12 4.2 15 15 2.51.7 ▲ Wiersholm Mellbye & Bech DA 3,047.9 121.2 3 - - - - Clifford Chance 10,075.0 13 3.8 5 11 3.6 0.2 ▲ Skadden 2,612.4 13 1.0 4 10 2.8 -1.8 ▼ Chiomenti Studio Legal 7,649.6 14 2.9 1 30* 0.62.3 ▲ Norton Rose 2,144.214 0.8 5 23 0.4 0.4 ▲ Latham & Watkins 7,186.2 15 2.7 10 44 0.22.5 ▲ Walder Wyss & Partners 1,964.0 15 0.7 1 ---- Top 15 Total 256,479.2 99.3 171 27,910.7 66.6 32.7 ▲ Top 15 Total 225,307.1 93.3 172130,453.5 60.5 32.8 ▲ Industry Total 265,896.5 100.0 915 216,215.9 100.0 Industry Total 265,896.5 100.0 915 216,215.9 100.0

EMEA Common Stock (AX3) - Issuer Legal Advisor EMEA Common Stock (AX4) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 Proceeds Mkt. No. Mkt. Chg. in Proceeds Mkt. No. Mkt. Chg. in Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Linklaters 35,089.5 1 10.4 21 1 19.8 -9.4 ▼ Linklaters 42,268.6 1 18.4 34 2 13.5 4.9 ▲ Cleary Gottlieb Steen & Hamilton 33,974.5 2 10.0 8 14 2.8 7.2 ▲ Davis Polk & Wardwell 36,148.0 2 15.8 12 3 9.6 6.2 ▲ Sullivan & Cromwell 20,264.6 3 6.0 7 2 11.6 -5.6 ▼ Freshfields Bruckhaus Deringer 29,652.4 3 12.9 21 1 21.7 -8.8 ▼ Norton Rose 20,065.8 4 5.9 8 11 3.5 2.4 ▲ Shearman & Sterling LLP 24,640.3 4 10.7 7 17 0.7 10.0 ▲ Freshfields Bruckhaus Deringer 19,610.0 5 5.8 31 15 2.2 3.6 ▲ Herbert Smith/Gleiss Lutz/Stibbe 22,315.0 5 9.7 19 14 1.3 8.4 ▲ Conyers Dill & Pearman 19,420.6 6 5.7 1 87 0.0 5.7 ▲ Cleary Gottlieb Steen & Hamilton 14,804.7 6 6.5 7 7 4.4 2.1 ▲ Herbert Smith/Gleiss Lutz/Stibbe 15,374.2 7 4.5 11 58* 0.1 4.4 ▲ Allen & Overy 14,223.37 6.2 6 5 5.0 1.2 ▲ Allen & Overy 13,968.6 8 4.1 9 3 9.2 -5.1 ▼ Freehills 12,277.6 8 5.4 1 - - - - Allens Arthur Robinson 12,277.6 9 3.6 1 26* 0.9 2.7 ▲ Latham & Watkins 8,946.09 3.9 3 22 0.4 3.5 ▲ Shearman & Sterling LLP 11,925.4 10 3.5 5 7 5.1 -1.6 ▼ Bar & Karrer 6,722.6 10 2.9 4 - - - - Davis Polk & Wardwell 11,772.6 11 3.5 11 6 5.6 -2.1 ▼ Clifford Chance 6,607.5 11 2.9 12 10 1.7 1.2 ▲ Slaughter & May 10,694.4 12 3.2 14 16 2.1 1.1 ▲ Skadden 2,612.4 12 1.14 9 3.1 -2.0 ▼ Clifford Chance 10,075.0 13 3.0 5 12 3.4 -0.4 ▼ Wiersholm Mellbye & Bech DA 2,581.5 13 1.1 2- - -- Chiomenti Studio Legal7,649.6 14 2.3 1 30* 0.6 1.7 ▲ Walder Wyss & Partners 1,964.0 14 0.9 1 - - - - Latham & Watkins 5,914.1 15 1.7 8 44 0.2 1.5 ▲ Ashurst 1,951.3 15 0.9 10 4 5.3 -4.4 ▼ Top 15 Total 240,426.9 73.4 141 133,301.2 67.1 6.3 ▲ Top 15 Total 204,545.9 99.3 143 132,304.3 66.7 32.6 ▲ Industry Total 338,061.6 100.0 837 198,935.8 100.0 Industry Total 229,414.2 100.0 837 198,935.8 100.0

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http://www.thomsonone.com 4 of 11 Fourth Quarter 2009 | European Capital Markets | Legal Advisors EMEA ECM - Ranked by Deal Size

EMEA IPOs (AX5) - Issuer Legal Advisor EMEA IPOs (AX6) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 Proceeds Mkt. No. Mkt. Chg. in Proceeds Mkt. No. Mkt. Chg. in Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Dewey & LeBoeuf LLP 2,107.7 1 21.8 2 18 2.4 19.4 ▲ Davis Polk & Wardwell 1,602.6 1 16.6 1 10 3.3 13.3 ▲ Cleary Gottlieb Steen & Hamilton 1,575.7 2 16.3 2 4 8.6 7.7 ▲ Linklaters 608.6 2 6.3 1 2 15.7 -9.4 ▼ Bredin Prat 1,395.1 3 14.4 1- - -- Ashurst LLP 187.7 3 1.9 1- --- Walkers 733.7 4 7.6 2 57* 0.0 7.6 ▲ Freshfields Bruckhaus Deringer 147.1 4 1.5 113 1.5 0.0 ▲ Baker & McKenzie 728.0 5 7.5 2 1 16.8-9.3 ▼ Advokatfirmaet Schjodt ANS 125.2 5 1.3 1- - -- Freshfields Bruckhaus Deringer 608.6 6 6.3 1 11 5.01.3 ▲ Hourani & Associates 106.7 6 1.1 1 - - -- Clifford Chance 348.67 3.6 1 10 5.8 -2.2 ▼ Dewey & LeBoeuf LLP 70.3 7 0.7 1 6 8.0 -7.3 ▼ Macfarlanes 187.78* 1.9 1- - - - DLA Piper 23.9 8 0.3 1 8 4.2 -3.9 ▼ Ogier & Le Massurier 187.7 8* 1.9 1 34 0.6 1.3 ▲ Clifford Chance 21.4 9 0.2 1 9 3.9 -3.7 ▼ Paul, Weiss 187.7 8* 1.9 1 - - -- Dorsey & Whitney LLP 15.9 10 0.21 - - - - White and Case 162.011 1.7 1 9 6.9 -5.2 ▼ Advokatfirmaet Selmer DA 125.212 1.3 1 - - - - Allen & Overy 57.7 13* 0.6 1 - - - - Roschier 57.7 13* 0.61- - - - Eversheds 40.6 15* 0.4 1 53 0.1 - - Ozannes 40.6 15* 0.4 1 - - - - Top 15 Total 7,707.1 87.4 6 4,214.3 31.4 12.9 ▲ Top 15 Total 2,909.4 30.110 25,557.836.6 -6.5 ▼ Industry Total 9,669.5 100.0 51 29,278.7 100.0 Industry Total 9,669.5 100.0 51 29,278.7 100.0

EMEA Convertible Offerings (AX7) - Issuer Legal Advisor EMEA Convertible Offerings (AX8) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 Proceeds Mkt. No. Mkt. Chg. in Proceeds Mkt. No. Mkt. Chg. in Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Legal Advisor US$m Rank Share Deals Rank Share Mkt. Share Linklaters5,780.4 1 15.8 10 1 38.0-22.2 ▼ Linklaters 11,026.4 1 30.2 19 2 31.4 -1.2 ▼ Cleary Gottlieb Steen & Hamilton 2,135.6 2 5.9 3 7* 1.4 4.5 ▲ Allen & Overy 3,250.8 2 8.9 5 3 8.5 0.4 ▲ Freshfields Bruckhaus Deringer 2,115.9 3 5.8 55* 2.9 2.9 ▲ Shearman & Sterling LLP 2,235.0 3 6.12 9 1.4 4.7 ▲ Allen & Overy 1,802.6 4 4.9 54 3.2 1.7 ▲ Davis Polk & Wardwell 1,532.5 4 4.2 2 - - -- Gide Loyrette Nouel 1,394.9 5 3.82 9* 1.22.6 ▲ Debevoise & Plimpton 930.5 5 2.6 1 - - -- Skadden 1,381.7 6 3.8 2- - - - Cleary Gottlieb Steen & Hamilton 763.5 6 2.1 3 - - - - Latham & Watkins 1,272.1 7 3.5 2- - -- Wiersholm Mellbye & Bech DA 466.4 7 1.3 1 - - - - Carey Olsen 1,250.0 8 3.4 1- - -- Morgan Lewis & Bockius 460.0 8 1.3 1 ---- Burai-Kovacs, Buki & Partner 1,213.6 9* 3.3 1- - -- Norton Rose 445.6 9 1.2 1 - --- Norton Rose 1,213.6 9* 3.3 1- - -- Freshfields Bruckhaus Deringer 415.3 10 1.1 1 5 3.8 -2.7 ▼ Shearman & Sterling LLP 1,160.3 11 3.2 3- - -- Gide Loyrette Nouel 300.8 11 0.8 1 ---- Elvinger, Hoss & Prussen 800.0 12 2.2 1- - -- Bar & Karrer 275.6 12 0.8 1 - - -- Wiersholm Mellbye & Bech DA 775.0 13 2.1 2- - -- Homburger 150.0 13 0.4 1 6* 2.9 -2.5 ▼ Darrois Villey Maillot Brochier 760.0 14 2.1 2- - - - Arendt and Medernach 138.5 14 0.4 1 - --- Cains 732.5 15* 2.0 1 - - - - Fasken Martineau DuMoulin LLP 118.6 15* 0.3 1 - - - - Taback and Associates (PTY) Ltd 732.5 15* 2.0 1 - - - - Goodwin Procter LLP 118.6 15* 0.3 1 - - - - Top 15 Total 23,055.7 63.1 35 2,292.8 4.4 58.7 ▲ Top 15 Total 22,390.9 61.4 29 3,427.0 41.3 20.1 ▲ Industry Total 36,482.3 100.0 78 17,280.1 100.0 Industry Total 36,482.3 100.0 78 17,280.1 100.0

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5 of 11 http://www.thomsonone.com Fourth Quarter 2009 | European Capital Markets | Legal Advisors International Debt - Ranked by Number of Issues

International Debt (AV1) - Issuer Legal Advisor International Debt (AV2) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 No. Mkt. Proceeds Mkt. Chg. in No. Mkt. Proceeds Mkt. Chg. in Legal Advisor Deals Rank Share US$m RankShare Mkt. Share Legal Advisor Deals Rank Share US$m Rank Share Mkt. Share Sidley Austin LLP 145 1 3.0179,690.0 1 4.3 -1.3 ▼ Allen & Overy 408 1 8.0 390,357.0 1 8.5 -0.5 ▼ Linklaters 122 2 2.5 147,996.8 4 1.9 0.6 ▲ Linklaters 397 2 7.8 447,371.7 2 6.0 1.8 ▲ Allen & Overy 1103 2.2 162,663.3 3 2.2 0.0 ▲ Clifford Chance 275 3 5.4 373,590.5 4 2.6 2.8 ▲ Clifford Chance 86 4 1.8 97,782.9 9 0.9 0.9 ▲ Davis Polk & Wardwell131 4 2.6 167,151.7 6 1.9 0.7 ▲ Sullivan & Cromwell 77 5 1.6 128,089.3 6 1.3 0.3 ▲ Sidley Austin LLP 123 5 2.4 173,349.2 5 2.3 0.1 ▲ Davis Polk & Wardwell 64 6 1.3 104,822.4 8 1.0 0.3 ▲ Hengeler Mueller 111 6 2.2 167,688.4 3 3.0 -0.8 ▼ Latham & Watkins 56 7 1.1 54,668.5 19* 0.4 0.7 ▲ Shearman & Sterling LLP 96 7 1.9 103,693.7 9 0.8 1.1 ▲ Cleary Gottlieb Steen & Hamilton 42 8 0.9 62,423.5 12 0.8 0.1 ▲ Cahill Gordon & Reindel 85 8 1.7 39,967.2 22* 0.3 1.4 ▲ Gide Loyrette Nouel 41 9 0.8 108,827.4 2 2.3 -1.5 ▼ Simpson Thacher & Bartlett 81 9 1.6 102,672.9 8 0.9 0.7 ▲ Simpson Thacher & Bartlett 40 10 0.8 51,069.4 21 0.4 0.4 ▲ Cravath, Swaine & Moore72 10 1.4 95,917.2 11 0.7 0.7 ▲ Skadden 39 11 0.8 40,111.1 13* 0.6 0.2 ▲ Sullivan & Cromwell 60 11 1.2 77,780.8 7 1.5 -0.3 ▼ Cravath, Swaine & Moore3812* 0.8 60,910.8 10 0.9 -0.1 ▼ Cleary Gottlieb Steen & Hamilton 55 12 1.1 78,440.5 10 0.8 0.3 ▲ Slaughter & May 38 12* 0.8 31,295.7 22 0.4 0.4 ▲ White & Case LLP 42 13* 0.8 29,147.3 12 0.7 0.1 ▲ White & Case LLP 38 12* 0.8 63,637.5 23 0.4 0.4 ▲ Latham & Watkins 42 13* 0.829,754.3 17 0.4 0.4 ▲ Freshfields Bruckhaus Deringer 36 15 0.7 43,029.1 7 1.0 -0.3 ▼ Gide Loyrette Nouel 39 15 0.8 90,058.0 14 0.6 0.2 ▲ Top 15 Total 972 19.9 1,337,017.7 913 18.8 1.1 ▲ Top 15 Total 2,017 39.7 2,366,940.4 1,576 22.5 17.2 ▲ Industry Total 4,909 100.0 3,871,602.6 4,880 100.0 Industry Total 5,099 100.0 4,061,773.9 5,092 100.0

Investment Grade Corporate Debt (AV3) - Issuer Legal Advisor Investment Grade Corporate Debt (AV4) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 No. Mkt. Proceeds Mkt. Chg. in No. Mkt. Proceeds Mkt. Chg. in Legal Advisor Deals Rank Share US$m Rank Share Mkt. Share Legal Advisor Deals Rank Share US$m Rank Share Mkt. Share Sidley Austin LLP141 1 3.0 178,726.5 1 4.4 -1.4 ▼ Allen & Overy 398 1 8.2 377,683.3 1 8.6 -0.4 ▼ Linklaters119 2 2.6 143,652.2 4 1.9 0.7 ▲ Linklaters 394 2 8.1 445,296.0 2 6.0 2.1 ▲ Allen & Overy 108 3 2.3 162,031.0 3 2.2 0.1 ▲ Clifford Chance 271 3 5.6373,106.4 4 2.6 3.0 ▲ Clifford Chance85 4 1.8 97,137.7 9 0.9 0.9 ▲ Sidley Austin LLP 123 4 2.5 173,349.2 5 2.3 0.2 ▲ Sullivan & Cromwell 74 5 1.6 126,216.0 6 1.3 0.3 ▲ Davis Polk & Wardwell 117 5 2.4 160,868.0 6 1.9 0.5 ▲ Davis Polk & Wardwell58 6 1.2 102,325.3 8 1.0 0.2 ▲ Hengeler Mueller 108 6 2.2 162,855.6 3 3.0 -0.8 ▼ Latham & Watkins 45 7 1.0 49,713.2 22* 0.4 0.6 ▲ Shearman & Sterling LLP 69 7 1.4 86,210.5 10* 0.7 0.7 ▲ Gide Loyrette Nouel 41 8 0.9 108,827.4 2 2.3 -1.4 ▼ Simpson Thacher & Bartlett 638 1.3 94,589.5 8 0.9 0.4 ▲ Cleary Gottlieb Steen & Hamilton 40 9 0.9 61,441.7 12 0.8 0.1 ▲ Sullivan & Cromwell 60 9 1.2 77,780.8 7 1.5 -0.3 ▼ Slaughter & May 38 10 0.8 31,295.7 20* 0.4 0.4 ▲ Cleary Gottlieb Steen & Hamilton 53 10 1.1 77,609.1 9 0.8 0.3 ▲ Freshfields Bruckhaus Deringer33 11 0.7 41,638.7 7 1.0 -0.3 ▼ Cravath, Swaine & Moore 44 11 0.984,565.4 10* 0.7 0.2 ▲ Cravath, Swaine & Moore 31 12* 0.7 57,273.1 10 0.9 -0.2 ▼ Gide Loyrette Nouel 39 12 0.890,058.0 14 0.6 0.2 ▲ White & Case LLP 31 12* 0.7 56,116.1 22* 0.4 0.3 ▲ White & Case LLP 37 13 0.826,828.7 12 0.6 0.2 ▲ Shearman & Sterling LLP 30 14 0.6 41,586.6 16 0.5 0.1 ▲ Skadden 31 14 0.6 33,985.2 17 0.3 0.3 ▲ Skadden29 15 0.6 36,459.7 15 0.6 0.0 ▲ Dewey & LeBoeuf LLP 28 15 0.6 18,094.020 0.3 0.3 ▲ Top 15 Total 903 19.4 1,294,440.9 906 19.0 0.4 ▲ Top 15 Total1,835 37.7 2,282,879.7 1,550 30.8 6.9 ▲ Industry Total4,675 100.0 3,753,501.2 4,826 100.0 Industry Total 4,862100.0 3,940,179.3 5,038 100.0

* tie

6 of 11 http://www.thomsonone.com Fourth Quarter 2009 | European Capital Markets | Legal Advisors International Debt - Ranked by Number of Issues

International High Yield Corporate Debt (AV5) - Issuer Legal Advisor International High Yield Corporate Debt (AV6) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 No. Mkt. Proceeds Mkt. Chg. in No. Mkt. Proceeds Mkt. Chg. in Legal AdvisorDeals Rank Share US$m Rank Share Mkt. Share Legal Advisor Deals Rank Share US$m Rank Share Mkt. Share Simpson Thacher & Bartlett17 1 7.2 8,250.8 - - - -Cahill Gordon & Reindel 70 1 29.4 29,950.1 1 17.3 12.1 ▲ Latham & Watkins 11 2* 4.7 4,955.3 1 7.7 -3.0 ▼ Cravath, Swaine & Moore28 2 11.811,351.8 6 5.8 6.0 ▲ Vinson & Elkins LLP 11 2* 4.7 2,875.0 2* 3.9 0.8 ▲ Shearman & Sterling LLP 273 11.3 17,483.2 2 15.4 -4.1 ▼ Skadden10 4 4.3 3,651.52* 3.9 0.4 ▲ Latham & Watkins 264 10.9 17,822.9 5 7.7 3.2 ▲ Kirkland & Ellis8 5* 3.4 6,291.7 -- -- Simpson Thacher & Bartlett 18 5 7.6 8,083.4 9* 1.9 5.7 ▲ Cravath, Swaine & Moore 8 5* 3.4 3,637.7 10* 1.9 1.5 ▲ Davis Polk & Wardwell14 6 5.9 6,283.7 3* 9.6 -3.7 ▼ White & Case LLP7 7 3.0 7,521.4 - - -- Allen & Overy 107 4.2 12,673.7 - - -- Akin, Gump, Strauss, Hauer & Feld6-- 8* 2.6 1,249.0 - - White & Case LLP 5 8* 2.1 2,318.7 7* 3.9 -1.8 ▼ Davis Polk & Wardwell6 8* 2.6 2,497.1 10* 1.9 0.7 ▲ Skadden 58* 2.1 3,222.1 - --- Debevoise & Plimpton 5 10* 2.1 2,087.9 -- - - Clifford Chance 4 10 1.7 484.1 - - - - Weil Gotshal & Manges5 10* 2.1 2,093.2 10* 1.9 0.2 ▲ Blake Cassels & Graydon 311* 1.3 4,593.1 9* 1.9 -- Baker Botts LLP 4 12* 1.7945.4 - - - - Hengeler Mueller 3 11* 1.3 4,832.8 - - - - Bracewell & Giuliani 4 12* 1.7 1,804.5 10* 1.9 -0.2 ▼ Fried Frank Harris Shriver & Jacobson 3 11* 1.3 860.1 9* 1.9 - - Gibson Dunn & Crutcher 4 12* 1.7 1,641.1 2* 3.9 -2.2 ▼ Linklaters 3 11* 1.3 2,075.7 7* 3.9 - - Paul, Weiss 4 12* 1.7 5,181.3 - - - - Weil Gotshal & Manges 3 11* 1.3 2,410.4 9*1.9 - - Shearman & Sterling LLP4 12* 1.7 1,533.2 10* 1.9 -0.2 ▼ Vinson & Elkins LLP 311* 1.3 817.6 9* 1.9 - - Sidley Austin LLP 4 12* 1.7 963.5 10* 1.9 -0.2 ▼ Top 15 Total94 40.1 45,110.6 14 21.2 18.9 ▲ Top 15 Total 207 88.3 114,266.8 4 63.5 24.8 ▲ Industry Total 235 100.0 118,101.4 50 100.0 Industry Total 238 100 121,594.7 52 100.0

International Securitisations exc. CDO's (AV7) - Issuer Legal Advisor International Securitisations exc. CDO's (AV8) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 No. Mkt. Proceeds Mkt. Chg. in No. Mkt. Proceeds Mkt. Chg. in Legal AdvisorDeals Rank Share US$m Rank Share Mkt. Share Legal Advisor Deals Rank Share US$m Rank Share Mkt. Share Hunton & Williams11 1 13.9 954.9 - - -- Hunton & Williams 13 1 16.5 9,735.7 17* 0.7 15.8 ▲ Bingham McCutchen LLP 5 2 6.3 6,958.3 1 10.4 -4.1 ▼ Sonnenschein Nath & Rosenthal 6 2 7.6 593.7 - - -- NautaDutilh 4 3* 5.1 1,459.6 14* 0.7 4.4 ▲ Sidley Austin LLP 5 3 6.3 7,765.8 4 4.9 1.4 ▲ Mayer Brown LLP 4 3* 5.1 9,187.8 14* 0.7 4.4 ▲ Allen & Overy 4 4* 5.1 5,528.2 8 2.1 3.0 ▲ Allen & Overy3 5* 3.8 6,916.2 3 4.2 -0.4 ▼ Simpson Thacher & Bartlett 4 4* 5.1 3,002.7 - - -- Sonnenschein Nath & Rosenthal 3 5* 3.8 460.6 - - -- Cadwalader, Wickersham & Taft 3 6* 3.8 4,031.9 5 4.2 -0.4 ▼ White & Case LLP 3 5* 3.8 1,552.8 -- -- Linklaters 36* 3.8 131.2 2 8.3 -- Shearman & Sterling LLP 3 5* 3.8 4,531.7 14* 0.7 3.1 ▲ Bingham McCutchen LLP 3 6* 3.8 2,330.8 1 9.7 -5.9 ▼ Arthur Cox 2 9* 2.5 1,117.9 14* 0.7 1.8 ▲ Shearman & Sterling LLP 2 9* 2.5 3,701.3 - - -- Richards Layton & Finger 2 9* 2.5 1,314.9 9* 1.4 1.1 ▲ Tods Murray WS 2 9* 2.53,560.4 17* 0.7 1.8 ▲ Clifford Chance 1 11* 1.3 2,209.6 3 5.6 -4.3 ▼ NautaDutilh 1 11* 1.3 1,237.2 17* 0.7 0.6 ▲ Mayer Brown LLP 1 11* 1.3 207.0 17* 0.7 0.6 ▲ Osler Hoskin & Harcourt LLP 1 11* 1.3 516.7 - - - - Simmons & Simmons 1 11* 1.3 49.0 - - - - Stroock & Stroock & Lavan 1 11* 1.3 418.9 9* 1.4 -0.1 ▼ White & Case LLP 1 11* 1.3 1,068.9 17* 0.7 0.6 ▲ Top 15 Total 40 50.634,454.7 14 18.8 31.8 ▲ Top 15 Total 45 57.0 40,381.7 15 30.6 26.4 ▲ Industry Total 79 100.0 57,608.6 144 100.0 Industry Total 59 100.0 39,013.5 132 100.0

* tie 7 of 11 http://www.thomsonone.com Fourth Quarter 2009 | European Capital Markets | Legal Advisors EMEA ECM - Ranked by Number of Issues

EMEA Equity, Equity-related (AX1) - Issuer Legal Advisor EMEA Equity, Equity-related (AX2) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 No. Mkt. Proceeds Mkt. Chg. in No.Mkt. Proceeds Mkt. Chg. in Legal Advisor Deals Rank Share US$m Rank Share Mkt. Share Legal Advisor Deals Rank Share US$m Rank Share Mkt. Share Freshfields Bruckhaus Deringer36 1 3.9 21,725.9 5* 1.2 2.7▲ Linklaters 53 1 5.8 53,294.9 1 4.5 1.3 ▲ Linklaters 31 23.4 40,869.91 2.0 1.4 ▲ Freshfields Bruckhaus Deringer 23 2 2.5 30,320.4 2 2.0 0.5 ▲ Slaughter & May 15 3 1.611,266.3 7* 1.1 0.5 ▲ Herbert Smith/Gleiss Lutz/Stibbe 19 3 2.1 22,315.0 8 0.8 1.3 ▲ Allen & Overy14 4 1.5 15,771.2 13* 0.5 1.0 ▲ Davis Polk & Wardwell 14 4 1.5 37,680.5 9* 0.7 0.8 ▲ Cleary Gottlieb Steen & Hamilton 11 5* 1.2 36,110.1 9 0.90.3 ▲ Clifford Chance 12 5 1.3 6,607.5 3* 1.2 0.1 ▲ Davis Polk & Wardwell 11 5* 1.2 11,772.6 10* 0.8 0.4 ▲ Ashurst 11 6* 1.2 1,987.3 6* 0.9 0.3 ▲ Herbert Smith/Gleiss Lutz/Stibbe11 5* 1.2 15,374.2 35* 0.1 1.1 ▲ Allen & Overy11 6* 1.2 17,474.1 13* 0.5 0.7 ▲ Latham & Watkins 108 1.1 7,186.2 21* 0.3 0.8 ▲ Cleary Gottlieb Steen & Hamilton 10 8 1.1 15,568.2 16* 0.3 0.8 ▲ Norton Rose9 9 1.021,279.4 5* 1.2 -0.2 ▼ Simmons & Simmons 9 9* 1.0 1,760.2- - -- Ashurst 8 10* 0.9 2,316.6 2 1.6 -0.7 ▼ Shearman & Sterling LLP 9 9* 1.0 26,875.3 9*0.7 0.3 ▲ Shearman & Sterling LLP8 10* 0.913,085.6 21* 0.3 0.6 ▲ White & Case LLP 7 11 0.8 1,016.0 3* 1.2 -0.4 ▼ White & Case LLP8 10* 0.91,173.0 4 1.3-0.4 ▼ Bar & Karrer 5 12* 0.6 6,998.3 - - - - Sullivan & Cromwell7 13 0.820,264.6 10* 0.8 0.0 ▲ Norton Rose 5 12* 0.6 2,144.2 6* 0.9 -0.3 ▼ Lovells LLP6 14 0.71,773.5 - - - - Ashurst LLP 4 14* 0.4 1,436.6 - - - - Lovells LLP 414* 0.4 593.9 26* 0.1 0.3 ▲ Skadden 4 14* 0.4 2,612.4 3* 1.2 -0.8 ▼ Top 15 Total185 20.3 219,969.1102 12.1 8.2 ▲ Top 15 Total 196 21.5 226,072.4 104 13.8 7.7 ▲ Industry Total915 100.0 265,896.5 762 100.0 Industry Total 915 100.0265,896.5 762 100.0

EMEA Common Stock (AX3) - Issuer Legal Advisor EMEA Common Stock (AX4) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 No. Mkt. Proceeds Mkt. Chg. in No. Mkt. Proceeds Mkt. Chg. in Legal AdvisorDeals Rank ShareUS$m Rank Share Mkt. Share Legal AdvisorDeals Rank ShareUS$m Rank Share Mkt. Share Freshfields Bruckhaus Deringer31 1 3.719,610.0 6* 1.1 2.6 ▲ Linklaters34 1 4.1 42,268.6 1 3.3 0.8 ▲ Linklaters21 2 2.5 35,089.5 1* 1.6 0.9 ▲ Freshfields Bruckhaus Deringer 22 2 2.6 29,905.1 2 1.9 0.7 ▲ Slaughter & May14 3 1.7 10,694.4 8* 0.80.9 ▲ Herbert Smith/Gleiss Lutz/Stibbe 193 2.3 22,315.0 8 0.8 1.5 ▲ Davis Polk & Wardwell11 4* 1.3 11,772.6 8* 0.8 0.5 ▲ Clifford Chance 12 4* 1.4 6,607.5 5 1.1 0.3 ▲ Herbert Smith/Gleiss Lutz/Stibbe11 4* 1.3 15,374.2 35* 0.1 1.2 ▲ Davis Polk & Wardwell 124* 1.4 36,148.0 9* 0.7 0.7 ▲ Allen & Overy9 6 1.1 13,968.6 17* 0.4 0.7 ▲ Ashurst 11 6 1.3 1,987.36* 1.0 0.3 ▲ Ashurst 87* 1.02,316.6 1* 1.6 -0.6 ▼ Simmons & Simmons 9 7 1.11,760.2 - - -- Cleary Gottlieb Steen & Hamilton 87* 1.0 33,974.5 8* 0.8 0.2 ▲ Cleary Gottlieb Steen & Hamilton7 8* 0.8 14,804.7 15* 0.3 0.5 ▲ Latham & Watkins8 7* 1.0 5,914.1 20* 0.3 0.7 ▲ Shearman & Sterling LLP7 8* 0.8 24,640.3 11* 0.5 - - Norton Rose8 7* 1.0 20,065.8 5 1.2 -0.2 ▼ White & Case LLP7 8* 0.8 1,016.0 3* 1.2 -0.4 ▼ White & Case LLP8 7* 1.0 1,173.0 3* 1.4 -0.4 ▼ Allen & Overy6 11 0.7 14,223.3 15* 0.3 0.4 ▲ Sullivan & Cromwell7 12 0.8 20,264.6 8* 0.8 0.0 ▲ Ashurst LLP4-- 12* 0.5 1,436.6 - - Bar & Karrer4-- 12* 0.5 6,722.6 - - Lovells LLP4 12* 0.5 593.9 24* 0.1 0.4 ▲ Norton Rose4 12* 0.5 1,698.5 6* 1.0 -0.5 ▼ Skadden4 12* 0.5 2,612.4 3* 1.2 -0.7 ▼ Top 15 Total144 17.4 190,217.9 93 10.9 6.5 ▲ Top 15 Total162 19.3 206,127.6 89 12.2 7.1 ▲ Industry Total837 100.0 229,414.2 735 100.0 Industry Total837 100.0229,414.2 735 100.0 * tie

http://www.thomsonone.com 8 of 11 Fourth Quarter 2009 | European Capital Markets | Legal Advisors EMEA ECM - Ranked by Number of Issues

EMEA IPOs (AX5) - Issuer Legal Advisor EMEA IPOs (AX6) - Manager Legal Advisor

Top 15 Total10 19.5 5,179.3 21 10.0 9.5 ▲ Top 15 Total11 22.0 5,006.4 31 12.1 9.9 ▲ Industry Total 51 100.0 9,669.5 159 100.0 Industry Total51 100.0 9,669.5159 100.0

EMEA Convertible Offerings (AX7) - Issuer Legal Advisor EMEA Convertible Offerings (AX8) - Manager Legal Advisor

1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 1/1/2009 - 31/12/2009 1/1/2008 - 31/12/2008 No. Mkt. Proceeds Mkt. Chg. in No.Mkt. Proceeds Mkt. Chg. in Legal Advisor Deals Rank Share US$m RankShare Mkt. Share Legal Advisor Deals Rank Share US$m Rank Share Mkt. Share Linklaters 10 1 12.8 5,780.4 3 11.1 1.7 ▲ Linklaters 19 1 24.4 11,026.4 1 37.0 -12.6 ▼ Allen & Overy 5 2* 6.4 1,802.6 1 3.7 2.7 ▲ Allen & Overy5 2 6.4 3,250.8 2* 7.4 -- Freshfields Bruckhaus Deringer 5 2* 6.4 2,115.9 1 3.7 2.7 ▲ Cleary Gottlieb Steen & Hamilton 3 3-3.9 763.5 - -- Cleary Gottlieb Steen & Hamilton3 4* 3.9 2,135.6 13.7 0.2 ▲ Davis Polk & Wardwell 2 4* 2.6 1,532.5 - - -- Shearman & Sterling LLP 34* 3.9 1,160.3 - - - - Shearman & Sterling LLP 2 4* 2.6 2,235.0 4* 3.7 -1.1 ▼ Gide Loyrette Nouel2 6* 2.6 1,394.9 1 3.7 -1.1 ▼ Bar & Karrer 1 6* 1.3 275.6 -- -- Latham & Watkins2 6* 2.6 1,272.1 -- -- Arendt and Medernach 1 6* 1.3 138.5 -- -- Darrois Villey Maillot Brochier 2 6* 2.6 760.0 - - - - Fasken Martineau DuMoulin LLP 1 6* 1.3 118.6 - --- Skadden 2 6* 2.6 1,381.7 - - -- Debevoise & Plimpton 1 6* 1.3 930.5 - --- Wiersholm Mellbye & Bech DA 2 6* 2.6 775.0 - --- Gide Loyrette Nouel 1 6* 1.3 300.8 - - -- Goodwin Procter LLP1 6* 1.3 118.6 ---- Homburger1 6* 1.3 150.0 4* 3.7 -2.4 ▼ Freshfields Bruckhaus Deringer 1 6* 1.3 415.3 4* 3.7 -2.4 ▼ Norton Rose 1 6* 1.3 445.6 - --- Wiersholm Mellbye & Bech DA 1 6* 1.3 466.4 - - - - Morgan Lewis & Bockius 16* 1.3460.0 - - - - Top 15 Total 4254.2 22,330.7 4 0.0 54.2 ▲ Top 15 Total 4253.0 22,628.1 6 48.1 4.9 ▲ Industry Total78 100.0 36,482.3 27 100.0 Industry Total 78100.0 36,482.3 27 100.0

* tie

9 of 11 http://www.thomsonone.com Fourth Quarter 2009 | EMEA Capital Markets | Legal Advisors Ranking Criteria Summary

- Full credit is given to the issuer’s legal counsel and manager’s legal counsel. All rankings exclude General Counsel. Rankings are If you would like to participate in the accumulated based on proceeds plus exercised overallotments. submission process, receive quarterly press releases, or have questions about - Time periods for league tables will be based upon pricing/launch date. league table criteria please contact: - Where applicable, all league tables include Rule 144a transactions. All league tables exclude pure private placements. Medium Term Notes programs are excluded but Medium Term Note takedowns are included. MTN takedowns from continuously offered retail programs ECM are tracked but are not eligible for league table credit. Mark Moss Tel: +44 (0) 207 542 4631 - Initial Public Offering league tables include only transactions where the common stock has never before traded publicly in any market. E-mail: [email protected] - Standard league table exclusions: best efforts offerings, non-underwritten transactions and direct placements, rights offerings, transactions DCM that mature or are callable/putable less than 360 days after settlement, CD's , Deposit Notes & Bank Notes, Federal Credit Agency Ian Willmott transactions, exchange offers, and offerings by closed-end funds/trusts. Tel: +44 (0) 20 7336 1862 E-mail: [email protected] - High Yield is defined as securities with an S&P rating equal to or less than BB+ and a Moody’s rating equal to or less than Ba1. Securities not rated by both agencies are assumed high yield with the exception of certain issuers (e.g., Federal Credit Agencies). Certificates of Deposit, General Term Notes, and Split-junk rated securities (i.e., securities with an investment grade rating from one agency and a high yield rating from the other) are excluded. Non-convertible preferred stock transactions are included. - Mortgage and asset-backed securities collateralizing first lien mortgages, home improvement loans, manufactured housing contracts, home equity lines of credit and second liens are subject to the classification rules detailed in the Rules for Categorizing Mortgage and Asset-backed Securities letter dated January 1, 2006.

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10 of 11 https://www.thomsonone.com Fourth Quarter 2009 | Equity Capital Markets | Managing Underwriters Thomson ONE for Investment Banking

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