League Tables Fy 2018

GLOBAL CAPITAL MARKETS LEAGUE TABLES FY 2018

FY 2018

MANAGER RANKINGS GLOBAL CAPITAL MARKETS

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DATA SUBMISSIONS AND QUERIES

Contact Phone Email Americas Paul Bandong +1 609 279 5187 [email protected]

EMEA Dimitris Gogos +44 20 3525 8149 [email protected]

Asia-Pacific Xin Yu Chen +65 6212 1123 [email protected]

Corporate & Financial Bonds: Industry Breakdown Global Fixed Income Review

23%

Corporate & Financial Bonds 6% 54%

8% FY 2018 FY 2017 10% Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) JP Morgan 1 5.034 209,929 1,349 1 5.906 -0.872 Bank of America Merrill Lynch 2 4.645 193,686 1,194 3 5.319 -0.674 Financials 54% Citi 3 4.350 181,388 1,314 2 5.387 -1.037 Industrials 10% HSBC 4 3.996 166,652 1,188 7 3.709 0.287 Consumer Discretionary 8% Goldman Sachs 5 3.721 155,149 923 5 4.586 -0.865 Utilities 6% Morgan Stanley 6 3.614 150,708 1,222 4 4.806 -1.192 Others 23% Barclays 7 3.457 144,141 930 6 3.760 -0.303 Deutsche Bank 8 3.076 128,266 842 8 3.520 -0.444 BNP Paribas 9 2.747 114,563 817 10 2.539 0.208 Corporate & Financial Bonds: Manager Rankings History Credit Suisse 10 2.395 99,886 765 9 2.615 -0.220 Wells Fargo 11 2.299 95,863 594 11 2.425 -0.126 2018 2017 2016 10 Mizuho Financial 12 2.042 85,163 1,016 13 1.981 0.061 RBC Capital Markets 13 1.935 80,695 605 14 1.874 0.061 8 ) % (

UBS 14 1.745 72,786 549 12 2.105 -0.360 e

r 6 a h S

Credit Agricole CIB 15 1.616 67,387 558 15 1.537 0.079 t e

k 4 r a

Societe Generale 16 1.595 66,514 473 16 1.424 0.171 M Bank of China 17 1.503 62,666 501 22 0.942 0.561 2 Mitsubishi UFJ Financial Group 18 1.445 60,245 519 17 1.384 0.061 0 i n h it C s y Inc a c B h le rg n C c n o y S a a L H S t M ll n S P ri a n J r a Sumitomo Mitsui Financial 19 1.400 58,378 690 20 0.985 0.415 e m g M ld r a o o c G M ri e CITIC Securities 20 1.387 57,846 382 21 0.971 0.416 m A f o k n TOTAL 100% 4,170,041 16,252 100% a B

Bloomberg League Table Reports Page 1 Bloomberg Global Capital Markets | FY 2018

Corporate Bonds Financial Bonds 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 5.892 114,804 835 1 7.362 -1.470 HSBC 1 4.575 100,264 650 6 4.062 0.513 Bank of America Merrill Lynch 2 5.892 114,799 795 2 6.570 -0.678 JP Morgan 2 4.340 95,126 514 3 4.545 -0.205 Citi 3 4.958 96,600 758 3 5.878 -0.920 Citi 3 3.827 83,885 553 2 4.958 -1.131 Barclays 4 4.284 83,475 584 5 4.592 -0.308 Morgan Stanley 4 3.714 81,390 566 1 5.181 -1.467 Goldman Sachs 5 3.842 74,853 492 4 4.726 -0.884 Goldman Sachs 5 3.664 80,296 431 4 4.505 -0.841 Morgan Stanley 6 3.558 69,318 656 6 4.486 -0.928 Bank of America Merrill Lynch 6 3.599 78,887 399 5 4.152 -0.553 HSBC 7 3.306 64,426 524 8 3.310 -0.004 Deutsche Bank 7 3.065 67,181 387 9 2.591 0.474 Mizuho Financial 8 3.162 61,620 638 12 2.860 0.302 Barclays 8 2.768 60,667 346 8 2.987 -0.219 BNP Paribas 9 3.127 60,922 484 10 2.971 0.156 UBS 9 2.522 55,269 370 7 3.142 -0.620 Deutsche Bank 10 3.114 60,676 449 7 4.422 -1.308 BNP Paribas 10 2.391 52,400 320 11 2.081 0.310 Wells Fargo 11 2.955 57,584 383 11 2.912 0.043 Credit Suisse 11 2.218 48,607 345 10 2.266 -0.048 Credit Suisse 12 2.632 51,279 420 9 3.003 -0.371 Credit Agricole CIB 12 1.848 40,496 320 13 1.819 0.029 Mitsubishi UFJ Financial Group Inc 13 2.495 48,610 400 13 2.271 0.224 Wells Fargo 13 1.747 38,279 211 12 1.974 -0.227 RBC Capital Markets 14 2.368 46,148 377 14 2.229 0.139 Bank of China 14 1.686 36,945 272 18 1.151 0.535 Sumitomo Mitsui Financial 15 2.215 43,154 459 17 1.345 0.870 CITIC Securities 15 1.598 35,016 191 15 1.518 0.080 Societe Generale 16 1.751 34,112 268 15 1.734 0.017 RBC Capital Markets 16 1.576 34,547 228 14 1.546 0.030 Credit Agricole CIB 17 1.380 26,891 238 18 1.270 0.110 Societe Generale 17 1.448 31,730 202 20 1.116 0.332 Bank of China 18 1.320 25,721 229 28 0.734 0.586 Landesbank Hessen-Thuringen Girozentrale 18 1.378 30,199 259 16 1.297 0.081 China Construction Bank 19 1.222 23,814 234 23 0.812 0.410 China Securities 19 1.362 29,855 199 23 0.933 0.429 China Securities 20 1.181 23,021 263 27 0.754 0.427 Industrial & Comm Bank of China 20 1.304 28,585 218 17 1.210 0.094 TOTAL 100% 1,948,494 6,734 100% TOTAL 100% 2,191,712 9,342 100%

Syndicated Government Bonds International Bonds 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 6.885 94,077 445 1 7.853 -0.968 JP Morgan 1 7.248 262,826 1,621 1 8.002 -0.754 JP Morgan 2 6.465 88,342 568 2 6.876 -0.411 HSBC 2 6.285 227,905 1,388 4 5.687 0.598 HSBC 3 6.282 85,840 484 3 6.258 0.024 Citi 3 6.173 223,819 1,408 2 7.113 -0.940 Barclays 4 6.143 83,940 341 4 6.013 0.130 Bank of America Merrill Lynch 4 5.728 207,701 1,208 3 6.436 -0.708 TD Securities 5 4.768 65,156 457 8 4.228 0.540 Barclays 5 5.450 197,614 1,079 5 5.638 -0.188 Deutsche Bank 6 4.583 62,634 336 6 4.623 -0.040 Goldman Sachs 6 4.813 174,500 887 6 5.617 -0.804 Bank of America Merrill Lynch 7 4.132 56,463 282 5 4.818 -0.686 Deutsche Bank 7 4.646 168,443 954 7 4.893 -0.247 Goldman Sachs 8 3.746 51,188 208 7 4.294 -0.548 BNP Paribas 8 4.072 147,645 957 9 4.005 0.067 Nomura 9 3.710 50,701 483 10 3.534 0.176 Morgan Stanley 9 3.644 132,141 832 8 4.143 -0.499 RBC Capital Markets 10 3.144 42,967 250 11 2.426 0.718 Credit Agricole CIB 10 2.688 97,463 788 11 2.333 0.355 BNP Paribas 11 2.813 38,434 194 9 3.950 -1.137 Societe Generale 11 2.556 92,676 577 12 2.273 0.283 Morgan Stanley 12 2.727 37,259 639 12 2.346 0.381 Credit Suisse 12 2.426 87,960 650 10 2.521 -0.095 Credit Agricole CIB 13 2.404 32,855 245 15 1.988 0.416 RBC Capital Markets 13 2.369 85,884 525 16 1.847 0.522 Societe Generale 14 2.203 30,110 118 14 2.210 -0.007 Wells Fargo 14 2.030 73,606 472 13 1.944 0.086 NatWest Markets 15 2.151 29,388 155 20 1.366 0.785 UniCredit 15 1.820 66,010 401 15 1.858 -0.038 UniCredit 16 2.034 27,793 107 13 2.235 -0.201 Mizuho Financial 16 1.802 65,351 692 17 1.555 0.247 BMO Capital Markets 17 1.718 23,481 102 17 1.573 0.145 TD Securities 17 1.801 65,315 417 18 1.502 0.299 Wells Fargo 18 1.696 23,178 475 16 1.682 0.014 NatWest Markets 18 1.721 62,405 315 22 1.336 0.385 Commerzbank 19 1.647 22,504 84 21 1.334 0.313 UBS 19 1.584 57,427 378 14 1.859 -0.275 National Bank Financial Inc 20 1.456 19,898 153 22 1.298 0.158 Mitsubishi UFJ Financial Group Inc 20 1.547 56,092 480 20 1.442 0.105 TOTAL 100% 1,366,505 6,408 100% TOTAL 100% 3,625,942 9,940 100%

Bloomberg League Table Reports Page 2 Bloomberg Global Capital Markets | FY 2018

Corporate High Yield Bonds Global Bonds 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(%) Credit Suisse 1 6.104 23,866 204 5 5.819 0.285 JP Morgan 1 10.739 105,543 479 1 11.716 -0.977 JP Morgan 2 6.013 23,508 225 1 8.160 -2.147 Bank of America Merrill Lynch 2 10.259 100,830 504 2 10.236 0.023 Goldman Sachs 3 5.231 20,452 178 2 6.562 -1.331 Citi 3 9.028 88,731 440 3 9.973 -0.945 Barclays 4 5.201 20,333 165 6 5.692 -0.491 Barclays 4 7.870 77,346 316 6 6.320 1.550 Bank of America Merrill Lynch 5 4.757 18,600 196 3 6.324 -1.567 Goldman Sachs 5 7.528 73,991 307 4 8.638 -1.110 Deutsche Bank 6 4.703 18,389 191 8 4.732 -0.029 HSBC 6 6.398 62,876 183 9 4.101 2.297 Morgan Stanley 7 4.638 18,135 178 4 5.970 -1.332 Morgan Stanley 7 5.897 57,960 292 5 6.814 -0.917 Citi 8 4.463 17,449 163 7 5.462 -0.999 Wells Fargo 8 4.850 47,664 270 8 4.384 0.466 Wells Fargo 9 3.760 14,699 118 9 3.321 0.439 Deutsche Bank 9 4.040 39,706 188 7 4.671 -0.631 HSBC 10 2.801 10,950 144 10 2.821 -0.020 RBC Capital Markets 10 4.035 39,657 189 11 3.077 0.958 BNP Paribas 11 2.515 9,834 119 12 2.041 0.474 TD Securities 11 3.721 36,573 150 10 3.630 0.091 RBC Capital Markets 12 2.508 9,807 102 11 2.540 -0.032 Mizuho Financial 12 2.670 26,237 189 15 2.110 0.560 UBS 13 1.778 6,952 94 13 1.946 -0.168 Credit Suisse 13 2.225 21,867 157 13 2.186 0.039 Bank of China 14 1.546 6,045 46 30 0.658 0.888 Mitsubishi UFJ Financial Group Inc 14 2.093 20,575 169 12 2.239 -0.146 Haitong Securities 15 1.352 5,284 100 19 0.999 0.353 BNP Paribas 15 1.795 17,641 122 14 2.146 -0.351 Credit Agricole CIB 16 1.344 5,256 62 15 1.443 -0.099 Nomura 16 1.632 16,042 34 16 1.991 -0.359 Mizuho Financial 17 1.332 5,207 62 20 0.996 0.336 Sumitomo Mitsui Financial 17 1.445 14,199 97 27 0.602 0.843 Societe Generale 18 1.273 4,977 63 16 1.324 -0.051 Scotiabank 18 1.399 13,747 73 19 1.125 0.274 Jefferies 19 1.245 4,869 36 14 1.830 -0.585 BMO Capital Markets 19 1.286 12,641 46 17 1.348 -0.062 Guotai Junan Securities 20 1.196 4,674 83 29 0.706 0.490 US Bancorp 20 1.095 10,758 111 18 1.202 -0.107 TOTAL 100% 390,975 1,130 100% TOTAL 100% 982,811 1,155 100%

Corporate Schuldscheine FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Landesbank Baden-Wuerttemberg 1 20.919 5,289 59 1 19.704 1.215 BayernLB 2 13.181 3,333 36 2 13.110 0.071 Landesbank Hessen-Thuringen 3 10.606 2,681 38 3 10.042 0.564 Girozentrale UniCredit 4 9.975 2,522 30 4 8.279 1.696 HSBC 5 6.609 1,671 14 5 7.224 -0.615 Commerzbank 6 6.543 1,654 18 6 6.928 -0.385 DZ Bank 7 5.403 1,366 19 9 4.335 1.068 Raiffeisen Bank International Group 8 4.751 1,201 13 12 2.977 1.774 BNP Paribas 9 4.139 1,047 13 8 5.130 -0.991 ING Groep 10 4.023 1,017 13 10 4.117 -0.094 Norddeutsche Landesbank GZ 11 3.202 810 14 11 3.417 -0.215 Citi 12 2.920 738 3 15 1.020 1.900 Societe Generale 13 2.321 587 3 14 1.696 0.625 Erste Group Bank 14 1.551 392 5 13 2.283 -0.732 Deutsche Bank 15 1.393 352 6 7 6.820 -5.427 Danske Bank 16 0.435 110 2 - - 0.435 Kreissparkasse Esslingen-Nuertingen 17 0.363 92 2 - - 0.363 HSH Nordbank 18 0.316 80 2 22 0.146 0.170 SEB 19 0.237 60 1 - - 0.237 ABN Amro Bank NV 20 0.185 47 1 - - 0.185 TOTAL 100% 25,282 168 100%

Bloomberg League Table Reports Page 3 Bloomberg Global Capital Markets | FY 2018

Municipal Industry Distribution US Municipals Review 19%

US Municipal Long Term 13% 61% FY 2018 FY 2017 6% Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Bank of America Merrill Lynch 1 16.263 52,162 352 1 15.423 0.840 Citi 2 12.086 38,766 318 2 11.345 0.741 General Obligation 19% JP Morgan 3 10.272 32,947 252 3 9.412 0.860 SCD 13% Morgan Stanley 4 8.319 26,684 243 4 7.854 0.465 HOSP 6% RBC Capital Markets 5 6.773 21,725 401 5 6.544 0.229 Others 61% Wells Fargo 6 4.573 14,666 195 7 5.489 -0.916 Goldman Sachs 7 4.562 14,633 64 6 6.191 -1.629 Raymond James & Associates 8 4.023 12,902 441 10 3.553 0.470 Market Share Change Jefferies 9 3.547 11,377 63 12 2.620 0.927 2018 2017 2016 Piper Jaffray & Co 10 3.545 11,369 344 11 3.435 0.110 20 Stifel 11 3.217 10,317 542 8 4.481 -1.264

Robert W Baird & Co 12 2.669 8,561 702 13 2.315 0.354 15 ) % (

Barclays 13 2.424 7,775 86 9 3.566 -1.142 r a h

S 10

Siebert Cisneros Shank & Co 14 1.722 5,522 36 14 1.660 0.062 t e k r LLC a M Samuel A Ramirez & Co Inc 15 1.630 5,227 29 17 0.908 0.722 5 DA Davidson 16 1.137 3,647 278 16 1.139 -0.002 0 i h it n y ts o c a le e rg Loop Capital Markets LLC 17 1.125 3,607 21 15 1.469 -0.344 n C rg n k a y o a r F L t a ll M S M ls ri P n l l r J a a e Ziegler Cos Inc/The 18 0.800 2,567 59 19 0.784 0.016 e g it W M r p a o a c M C ri e C UBS 19 0.753 2,417 82 27 0.429 0.324 m B A R f o k n PNC Financial Services Group 20 0.698 2,239 96 18 0.810 -0.112 a B Inc TOTAL 100% 320,740 7,290 100%

This table consists of all long-term issuance (fixed rate & adjustable rate) for the US Municipal Market in US Dollars. Remarketed deals and private placements are not included.

Bloomberg League Table Reports Page 4 Bloomberg Global Capital Markets | FY 2018

US Municipal Long Term Negotiated US Municipal Long Term Competitive 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 14.752 35,304 214 1 13.387 1.365 Bank of America Merrill Lynch 1 20.703 16,858 139 1 22.005 -1.302 Citi 2 11.073 26,498 173 2 11.410 -0.337 Citi 2 15.066 12,268 145 4 11.135 3.931 JP Morgan 3 10.787 25,815 149 3 8.846 1.941 Morgan Stanley 3 12.282 10,001 147 2 11.395 0.887 RBC Capital Markets 4 8.541 20,440 345 4 7.982 0.559 JP Morgan 4 8.759 7,132 103 3 11.240 -2.481 Morgan Stanley 5 6.971 16,683 96 6 6.759 0.212 Robert W Baird & Co 5 7.012 5,710 534 6 6.686 0.326 Goldman Sachs 6 5.164 12,358 52 5 7.371 -2.207 Wells Fargo 6 4.882 3,976 64 5 9.349 -4.467 Wells Fargo 7 4.467 10,691 131 9 4.295 0.172 Raymond James & Associates 7 3.149 2,564 189 7 2.645 0.504 Raymond James & Associates 8 4.320 10,338 252 11 3.834 0.486 Goldman Sachs 8 2.794 2,275 12 8 2.376 0.418 Stifel 9 4.156 9,946 487 7 5.716 -1.560 UBS 9 2.470 2,011 72 17 1.236 1.234 Jefferies 10 4.131 9,886 44 12 2.872 1.259 Piper Jaffray & Co 10 2.065 1,681 111 12 1.618 0.447 Piper Jaffray & Co 11 4.048 9,688 233 10 3.998 0.050 Janney Montgomery Scott LLC 11 2.016 1,641 112 11 1.784 0.232 Barclays 12 2.845 6,809 76 8 4.544 -1.699 Jefferies 12 1.830 1,490 20 10 1.808 0.022 Siebert Cisneros Shank & Co LLC 13 2.307 5,522 36 13 2.173 0.134 RBC Capital Markets 13 1.578 1,285 57 9 1.897 -0.319 Samuel A Ramirez & Co Inc 14 2.184 5,227 29 16 1.189 0.995 FTN Financial 14 1.451 1,182 122 14 1.517 -0.066 Loop Capital Markets LLC 15 1.507 3,607 21 14 1.923 -0.416 Roosevelt & Cross Inc 15 1.352 1,101 208 13 1.540 -0.188 DA Davidson 16 1.488 3,561 257 15 1.446 0.042 Mesirow Financial Inc 16 1.244 1,013 37 15 1.490 -0.246 Robert W Baird & Co 17 1.191 2,851 168 19 0.963 0.228 Barclays 17 1.187 966 10 26 0.405 0.782 Ziegler Cos Inc/The 18 1.073 2,567 59 17 1.026 0.047 Hutchinson Shockey Erley & Co 18 1.129 919 100 16 1.331 -0.202 PNC Financial Services Group Inc 19 0.830 1,987 66 20 0.692 0.138 Fidelity Capital Markets 19 1.047 853 75 19 1.086 -0.039 KeyBanc Capital Markets 20 0.809 1,936 59 21 0.535 0.274 BOK Financial Corp 20 0.849 691 135 25 0.465 0.384 TOTAL 100% 239,312 4,094 100% TOTAL 100% 81,428 3,207 100%

US Municipal Long Term Fixed Rate US Municipal Long & Short Term 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 16.577 48,744 321 1 15.377 1.200 Bank of America Merrill Lynch 1 15.549 55,370 371 1 15.285 0.264 Citi 2 12.588 37,013 290 2 11.514 1.074 JP Morgan 2 11.838 42,156 372 3 10.503 1.335 JP Morgan 3 10.222 30,059 227 3 9.266 0.956 Citi 3 11.472 40,851 331 2 11.269 0.203 Morgan Stanley 4 7.579 22,285 233 4 7.791 -0.212 Morgan Stanley 4 8.507 30,294 280 4 7.769 0.738 RBC Capital Markets 5 5.793 17,034 368 6 6.072 -0.279 RBC Capital Markets 5 6.239 22,218 425 5 6.294 -0.055 Wells Fargo 6 4.618 13,580 179 7 5.613 -0.995 Wells Fargo 6 4.891 17,415 205 7 5.565 -0.674 Raymond James & Associates 7 4.298 12,639 426 9 3.674 0.624 Goldman Sachs 7 4.521 16,101 71 6 5.881 -1.360 Piper Jaffray & Co 8 3.850 11,322 342 10 3.535 0.315 Jefferies 8 4.379 15,595 458 9 3.477 0.902 Goldman Sachs 9 3.819 11,229 56 5 6.163 -2.344 Raymond James & Associates 9 3.665 13,050 447 11 3.312 0.353 Jefferies 10 3.650 10,733 53 12 2.579 1.071 Piper Jaffray & Co 10 3.273 11,654 367 12 3.223 0.050 Stifel 11 3.283 9,653 510 8 4.535 -1.252 Stifel 11 3.066 10,920 583 8 4.178 -1.112 Robert W Baird & Co 12 2.911 8,561 702 13 2.422 0.489 Robert W Baird & Co 12 2.445 8,706 721 13 2.165 0.280 Barclays 13 2.130 6,264 63 11 3.257 -1.127 Barclays 13 2.241 7,980 90 10 3.355 -1.114 Siebert Cisneros Shank & Co LLC 14 1.878 5,522 36 14 1.736 0.142 Siebert Cisneros Shank & Co LLC 14 1.551 5,522 36 14 1.552 -0.001 Samuel A Ramirez & Co Inc 15 1.768 5,199 28 17 0.940 0.828 Samuel A Ramirez & Co Inc 15 1.474 5,248 30 17 0.844 0.630 DA Davidson 16 1.239 3,644 278 16 1.175 0.064 TD Securities 16 1.081 3,849 254 23 0.558 0.523 Loop Capital Markets LLC 17 1.227 3,607 21 15 1.510 -0.283 DA Davidson 17 1.042 3,711 282 16 1.048 -0.006 Ziegler Cos Inc/The 18 0.861 2,531 56 19 0.820 0.041 Loop Capital Markets LLC 18 1.013 3,607 21 15 1.350 -0.337 UBS 19 0.817 2,401 81 27 0.449 0.368 Oppenheimer & Co 19 0.727 2,590 359 24 0.490 0.237 Janney Montgomery Scott LLC 20 0.716 2,107 142 22 0.649 0.067 Ziegler Cos Inc/The 20 0.721 2,567 59 19 0.720 0.001 TOTAL 100% 294,045 7,019 100% TOTAL 100% 356,101 8,761 100%

Bloomberg League Table Reports Page 5 Bloomberg Global Capital Markets | FY 2018

Global Equity, Equity Linked & Rights: Industry Breakdown Global Equity Review 12% 27% 6%

8% Global Equity, Equity Linked & Rights 10% 14% FY 2018 FY 2017 12% Mkt Volume (USD Deal Prev Prev Mkt Mkt Share 13% Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Morgan Stanley 1 9.505 62,771 382 1 8.809 0.696 Goldman Sachs 2 9.164 60,517 339 3 7.963 1.201 Financials 27% JP Morgan 3 8.326 54,988 380 2 8.141 0.185 Health Care 14% Citi 4 6.743 44,530 314 4 6.036 0.707 Technology 13% Bank of America Merrill Lynch 5 5.834 38,527 249 5 5.656 0.178 Consumer Discretionary 12% Credit Suisse 6 4.165 27,504 221 7 4.439 -0.274 Industrials 10% UBS 7 3.978 26,273 172 6 4.719 -0.741 Communications 8% Deutsche Bank 8 3.141 20,745 162 8 3.453 -0.312 Materials 6% Barclays 9 2.892 19,101 160 9 3.381 -0.489 Others 12% Nomura 10 1.602 10,579 110 12 1.616 -0.014 China International Capital 11 1.587 10,477 44 21 0.875 0.712 Corp Global Equity, Equity Linked & Rights: Manager Rankings Jefferies 12 1.540 10,167 159 15 1.235 0.305 History RBC Capital Markets 13 1.528 10,089 135 10 2.023 -0.495

Sumitomo Mitsui Financial 14 1.421 9,386 83 22 0.751 0.670 2018 2017 2016 Wells Fargo 15 1.399 9,242 95 13 1.469 -0.070 10

Mizuho Financial 16 1.367 9,030 89 18 0.988 0.379 8 ) %

Daiwa Securities 17 1.128 7,452 49 20 0.919 0.209 (

r 6 a BNP Paribas 18 1.113 7,352 55 11 1.619 -0.506 h S

t e

k 4 r

HSBC 19 1.029 6,798 55 14 1.376 -0.347 a M

China Securities 20 0.946 6,249 36 28 0.527 0.419 2 TOTAL 100% 660,395 4,450 100% 0 i y s n it h e le h a c s n c rg C n is a a o y u t S L S S n M ll t This table consists of equity, equity-linked & rights offerings issued globally. This excludes bonds with warrants, closed-end fund or investment n a P ri i a J r d g m e re r ld M C o o a trust issuers, credit linked notes, qualified investor placements (QIP), reverse convertibles and self-led transactions. The thresholds include 12 M G c ri e m A month minimum call, put & maturity periods. Please see League Table Standards and Guidelines for further details. f o k n a B

Bloomberg League Table Reports Page 6 Bloomberg Global Capital Markets | FY 2018

Global Equity & Equity Linked Global 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 9.804 60,079 374 1 9.208 0.596 Morgan Stanley 1 9.912 50,944 316 1 9.518 0.394 Goldman Sachs 2 9.566 58,622 330 3 8.338 1.228 Goldman Sachs 2 8.981 46,158 269 2 8.680 0.301 JP Morgan 3 8.404 51,502 365 2 8.367 0.037 JP Morgan 3 7.875 40,475 294 3 7.536 0.339 Citi 4 7.075 43,360 308 4 6.155 0.920 Citi 4 7.436 38,219 273 4 6.576 0.860 Bank of America Merrill Lynch 5 6.133 37,585 243 5 5.862 0.271 Bank of America Merrill Lynch 5 5.661 29,096 198 5 5.936 -0.275 Credit Suisse 6 4.312 26,423 214 7 4.390 -0.078 Credit Suisse 6 4.424 22,735 185 7 4.648 -0.224 UBS 7 3.559 21,810 152 6 4.557 -0.998 UBS 7 3.656 18,790 139 6 4.865 -1.209 Deutsche Bank 8 3.209 19,665 154 9 3.399 -0.190 Deutsche Bank 8 3.164 16,260 132 9 3.098 0.066 Barclays 9 2.812 17,232 152 8 3.415 -0.603 Barclays 9 2.855 14,675 132 8 3.386 -0.531 Nomura 10 1.689 10,348 110 11 1.780 -0.091 Jefferies 10 1.726 8,872 144 13 1.244 0.482 Jefferies 11 1.655 10,142 158 15 1.218 0.437 RBC Capital Markets 11 1.655 8,506 118 10 2.128 -0.473 RBC Capital Markets 12 1.639 10,045 135 10 2.068 -0.429 Nomura 12 1.647 8,464 95 11 1.469 0.178 China International Capital Corp 13 1.615 9,897 44 20 0.913 0.702 China International Capital Corp 13 1.615 8,302 38 31 0.502 1.113 Wells Fargo 14 1.508 9,242 95 12 1.561 -0.053 Sumitomo Mitsui Financial 14 1.605 8,247 76 18 0.925 0.680 Sumitomo Mitsui Financial 15 1.475 9,037 82 21 0.829 0.646 Mizuho Financial 15 1.480 7,605 77 15 1.092 0.388 Mizuho Financial 16 1.398 8,567 87 17 1.091 0.307 Wells Fargo 16 1.372 7,052 78 12 1.395 -0.023 Daiwa Securities 17 1.210 7,414 48 19 1.015 0.195 Daiwa Securities 17 1.179 6,060 41 16 1.079 0.100 BNP Paribas 18 1.033 6,329 48 13 1.400 -0.367 BNP Paribas 18 0.897 4,610 33 14 1.137 -0.240 China Securities 19 0.865 5,299 34 25 0.581 0.284 Cowen & Co 19 0.800 4,114 81 28 0.526 0.274 CITIC Securities 20 0.830 5,086 42 14 1.250 -0.420 CITIC Securities 20 0.783 4,025 38 20 0.771 0.012 TOTAL 100% 612,817 4,215 100% TOTAL 100% 513,958 3,781 100%

Global Equity IPO Global 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 6.934 14,423 103 3 5.623 1.311 Goldman Sachs 1 12.607 12,463 61 3 6.357 6.250 Goldman Sachs 2 5.907 12,285 98 5 4.092 1.815 JP Morgan 2 11.154 11,027 71 1 13.185 -2.031 Bank of America Merrill Lynch 3 5.871 12,212 93 8 3.406 2.465 Morgan Stanley 3 9.241 9,135 58 2 7.414 1.827 JP Morgan 4 5.328 11,082 96 2 5.635 -0.307 Bank of America Merrill Lynch 4 8.587 8,489 45 4 5.437 3.150 Citi 5 4.887 10,164 92 1 6.668 -1.781 Citi 5 5.200 5,141 35 7 3.714 1.486 Credit Suisse 6 4.088 8,504 72 4 5.414 -1.326 Credit Suisse 6 3.731 3,688 29 12 2.894 0.837 Deutsche Bank 7 3.825 7,956 52 7 3.457 0.368 Deutsche Bank 7 3.444 3,405 22 5 5.146 -1.702 China International Capital Corp 8 3.345 6,957 28 14 1.311 2.034 UBS 8 3.055 3,020 13 13 2.771 0.284 UBS 9 3.007 6,255 42 6 3.842 -0.835 China Securities 9 3.019 2,984 13 21 1.100 1.919 Nomura 10 2.391 4,974 32 16 1.275 1.116 Barclays 10 2.586 2,556 20 9 3.583 -0.997 Sumitomo Mitsui Financial 11 2.200 4,576 27 48 0.459 1.741 Wells Fargo 11 2.214 2,189 17 14 2.523 -0.309 Mizuho Financial 12 2.111 4,391 32 45 0.471 1.640 Nomura 12 1.905 1,883 15 8 3.584 -1.679 Daiwa Securities 13 1.886 3,923 13 32 0.644 1.242 BNP Paribas 13 1.739 1,719 15 11 2.926 -1.187 SBI Holdings Inc/Japan 14 1.572 3,270 12 205 0.042 1.530 China International Capital Corp 14 1.613 1,595 6 10 3.296 -1.683 Barclays 15 1.371 2,851 33 9 1.827 -0.456 RBC Capital Markets 15 1.557 1,539 17 16 1.721 -0.164 CITIC Securities 16 1.352 2,813 29 10 1.819 -0.467 HSBC 16 1.421 1,405 13 18 1.560 -0.139 BNP Paribas 17 1.352 2,812 19 22 1.040 0.312 Daiwa Securities 17 1.370 1,354 7 32 0.642 0.728 Jefferies 18 1.323 2,752 41 18 1.154 0.169 Jefferies 18 1.285 1,270 14 23 1.069 0.216 China Merchants Securities 19 1.254 2,609 23 19 1.113 0.141 Societe Generale 19 1.192 1,179 9 15 1.767 -0.575 Huatai Securities 20 1.247 2,594 16 35 0.554 0.693 CITIC Securities 20 1.073 1,061 4 6 4.029 -2.956 TOTAL 100% 207,993 1,453 100% TOTAL 100% 98,858 434 100%

Bloomberg League Table Reports Page 7 Bloomberg Global Capital Markets | FY 2018

Global Loans: Industry Breakdown

Global Loans Review 5% 6% 19%

7% Global Loans 14% 8% 8% FY 2018 FY 2017 12% Mkt Volume (USD Deal Prev Prev Mkt Mkt Share 12% Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) JP Morgan 1 10.182 439,362 1,336 2 9.092 1.090 Bank of America Merrill Lynch 2 9.229 398,260 1,348 1 9.368 -0.139 Financials 19% Citi 3 5.657 244,116 784 3 5.320 0.337 Consumer Discretionary 14% Wells Fargo 4 5.458 235,508 804 4 5.292 0.166 Industrials 12% Goldman Sachs 5 3.570 154,037 552 7 3.416 0.154 Energy 12% Barclays 6 3.408 147,073 612 5 4.080 -0.672 Technology 8% RBC Capital Markets 7 3.274 141,274 595 8 3.241 0.033 Health Care 8% Mitsubishi UFJ Financial Group 8 3.046 131,458 477 13 2.273 0.773 Materials 7% Inc Communications 7% BNP Paribas 9 3.041 131,218 522 12 2.526 0.515 Consumer Staples 6% Deutsche Bank 10 2.952 127,366 515 6 3.630 -0.678 Utilities 5% HSBC 11 2.588 111,660 507 10 3.185 -0.597 Others 1% Credit Suisse 12 2.190 94,497 489 9 3.211 -1.021 Morgan Stanley 13 1.976 85,269 361 11 2.768 -0.792 Mizuho Financial 14 1.968 84,936 334 15 1.753 0.215 Global Loans: Bookrunner Rankings History BMO Capital Markets 15 1.909 82,375 453 14 1.825 0.084

Credit Agricole CIB 16 1.783 76,944 392 20 1.369 0.414 2018 2017 2016 US Bancorp 17 1.723 74,361 306 23 1.293 0.430 15 Sumitomo Mitsui Financial 18 1.702 73,433 295 27 0.986 0.716 )

TD Securities 19 1.694 73,118 255 17 1.549 0.145 % 10 (

e r a

Scotiabank 20 1.656 71,465 285 18 1.479 0.177 h S

t e k TOTAL 100% 4,315,249 6,864 100% r a 5 M

This table consists of loans syndicated globally. This excludes bilateral loans. There is a minimum threshold of 3 months for maturities. Investment grade US bridge loans will be included on Announce Date. Please see League Table Standards and Guidelines for further details. 0 i n h it o s s a c rg h y rg n C a c la o y F a c L S r M ll ls n a P ri l a B J r e e W m M ld a o c G ri e m A f o k n a B

Bloomberg League Table Reports Page 8 Bloomberg Global Capital Markets | FY 2018

Global Loans (Bookrunner) Global Loans (Mandated Lead Arranger) 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 10.182 439,362 1,336 2 9.092 1.090 JP Morgan 1 8.865 419,640 1,424 1 8.142 0.723 Bank of America Merrill Lynch 2 9.229 398,260 1,348 1 9.368 -0.139 Bank of America Merrill Lynch 2 7.983 377,871 1,467 2 7.960 0.023 Citi 3 5.657 244,116 784 3 5.320 0.337 Citi 3 5.266 249,268 917 3 5.076 0.190 Wells Fargo 4 5.458 235,508 804 4 5.292 0.166 Wells Fargo 4 4.851 229,622 879 4 4.671 0.180 Goldman Sachs 5 3.570 154,037 552 7 3.416 0.154 Goldman Sachs 5 3.325 157,379 591 7 3.111 0.214 Barclays 6 3.408 147,073 612 5 4.080 -0.672 Mitsubishi UFJ Financial Group Inc 6 3.247 153,707 690 11 2.639 0.608 RBC Capital Markets 7 3.274 141,274 595 8 3.241 0.033 Barclays 7 3.198 151,367 696 5 3.503 -0.305 Mitsubishi UFJ Financial Group Inc 8 3.046 131,458 477 13 2.273 0.773 RBC Capital Markets 8 2.984 141,267 663 8 3.095 -0.111 BNP Paribas 9 3.041 131,218 522 12 2.526 0.515 BNP Paribas 9 2.902 137,386 784 13 2.469 0.433 Deutsche Bank 10 2.952 127,366 515 6 3.630 -0.678 Deutsche Bank 10 2.771 131,148 611 6 3.193 -0.422 HSBC 11 2.588 111,660 507 10 3.185 -0.597 HSBC 11 2.667 126,218 748 9 3.007 -0.340 Credit Suisse 12 2.190 94,497 489 9 3.211 -1.021 Credit Suisse 12 2.164 102,420 528 10 2.901 -0.737 Morgan Stanley 13 1.976 85,269 361 11 2.768 -0.792 Mizuho Financial 13 2.149 101,717 478 15 1.957 0.192 Mizuho Financial 14 1.968 84,936 334 15 1.753 0.215 Sumitomo Mitsui Financial 14 1.991 94,225 466 18 1.431 0.560 BMO Capital Markets 15 1.909 82,375 453 14 1.825 0.084 BMO Capital Markets 15 1.915 90,638 525 16 1.824 0.091 Credit Agricole CIB 16 1.783 76,944 392 20 1.369 0.414 Morgan Stanley 16 1.900 89,955 393 12 2.529 -0.629 US Bancorp 17 1.723 74,361 306 23 1.293 0.430 Bank of China 17 1.867 88,371 486 14 1.993 -0.126 Sumitomo Mitsui Financial 18 1.702 73,433 295 27 0.986 0.716 Credit Agricole CIB 18 1.730 81,891 597 17 1.497 0.233 TD Securities 19 1.694 73,118 255 17 1.549 0.145 US Bancorp 19 1.687 79,873 350 23 1.238 0.449 Scotiabank 20 1.656 71,465 285 18 1.479 0.177 Scotiabank 20 1.663 78,703 340 19 1.428 0.235 TOTAL 100% 4,315,249 6,864 100% TOTAL 100% 4,733,450 7,897 100%

Global Sponsor-Led Loans (Bookrunner) Global Sponsor-Led Loans (Mandated Lead Arranger) 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 7.388 54,938 299 2 7.080 0.308 Goldman Sachs 1 7.278 55,755 311 1 6.843 0.435 Bank of America Merrill Lynch 2 7.044 52,383 295 1 7.113 -0.069 Credit Suisse 2 6.912 52,950 295 2 6.799 0.113 Credit Suisse 3 6.943 51,631 291 3 6.973 -0.030 Bank of America Merrill Lynch 3 6.765 51,824 300 3 6.698 0.067 JP Morgan 4 6.105 45,398 235 4 6.714 -0.609 JP Morgan 4 5.876 45,016 238 4 6.508 -0.632 Barclays 5 5.925 44,061 267 5 6.219 -0.294 Barclays 5 5.627 43,111 274 5 5.980 -0.353 Deutsche Bank 6 5.266 39,160 229 7 5.540 -0.274 Deutsche Bank 6 5.220 39,992 244 6 5.467 -0.247 RBC Capital Markets 7 4.349 32,341 239 10 4.054 0.295 Jefferies 7 4.128 31,624 235 8 4.753 -0.625 Morgan Stanley 8 4.333 32,219 191 6 5.638 -1.305 RBC Capital Markets 8 4.121 31,575 243 9 4.272 -0.151 Jefferies 9 4.245 31,564 230 8 4.969 -0.724 Morgan Stanley 9 4.078 31,243 198 7 5.435 -1.357 Citi 10 2.978 22,146 142 9 4.071 -1.093 Citi 10 2.954 22,632 148 10 3.911 -0.957 UBS 11 2.920 21,715 136 14 2.523 0.397 UBS 11 2.730 20,911 132 14 2.459 0.271 Antares Capital LP 12 2.685 19,965 237 17 2.048 0.637 Antares Capital LP 12 2.573 19,709 244 16 2.163 0.410 Kohlberg Kravis Roberts & Co 13 2.508 18,649 112 12 2.868 -0.360 BMO Capital Markets 13 2.505 19,189 183 18 1.922 0.583 Wells Fargo 14 2.400 17,848 94 11 3.035 -0.635 Wells Fargo 14 2.459 18,838 99 12 2.845 -0.386 BMO Capital Markets 15 2.359 17,541 165 19 1.765 0.594 Kohlberg Kravis Roberts & Co 15 2.329 17,843 112 11 2.869 -0.540 BNP Paribas 16 2.180 16,211 93 18 1.855 0.325 BNP Paribas 16 2.182 16,714 122 19 1.877 0.305 Macquarie 17 2.083 15,490 94 15 2.244 -0.161 HSBC 17 2.132 16,331 102 17 1.962 0.170 HSBC 18 2.052 15,258 87 16 2.133 -0.081 Macquarie 18 2.059 15,771 99 15 2.252 -0.193 SunTrust Robinson Humphrey 19 1.943 14,447 121 20 1.759 0.184 SunTrust Robinson Humphrey 19 1.947 14,915 127 20 1.850 0.097 Nomura 20 1.671 12,428 74 13 2.587 -0.916 Nomura 20 1.572 12,043 73 13 2.490 -0.918 TOTAL 100% 743,603 1,594 100% TOTAL 100% 766,097 1,683 100%

Bloomberg League Table Reports Page 9 Bloomberg Global Capital Markets | FY 2018

Global Bridge Loans (Bookrunner) Global Bridge Loans (Mandated Lead Arranger) 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 16.280 38,930 25 5 5.242 11.038 JP Morgan 1 13.403 34,110 31 2 6.862 6.541 Goldman Sachs 2 13.876 33,181 17 28 0.842 13.034 Goldman Sachs 2 12.053 30,674 19 30 1.179 10.874 Bank of America Merrill Lynch 3 9.748 23,312 14 2 11.355 -1.607 Bank of America Merrill Lynch 3 9.687 24,653 19 3 6.240 3.447 Mitsubishi UFJ Financial Group Inc 4 7.051 16,861 12 13 2.355 4.696 Mitsubishi UFJ Financial Group Inc 4 7.022 17,870 20 5 3.556 3.466 Sumitomo Mitsui Financial 5 4.951 11,838 5 23 1.063 3.888 Sumitomo Mitsui Financial 5 5.238 13,331 11 17 2.262 2.976 Wells Fargo 6 4.872 11,650 3 74 0.036 4.836 Wells Fargo 6 4.578 11,650 3 100 0.033 4.545 Citi 7 4.743 11,343 14 14 2.144 2.599 Morgan Stanley 7 3.714 9,453 11 19 2.174 1.540 Barclays 8 3.935 9,411 13 1 11.468 -7.533 BNP Paribas 8 3.311 8,427 37 4 3.747 -0.436 BNP Paribas 9 3.893 9,310 21 7 4.328 -0.435 Citi 9 3.186 8,108 20 10 2.797 0.389 Morgan Stanley 10 3.262 7,800 7 12 2.409 0.853 Barclays 10 3.140 7,992 19 11 2.734 0.406 Deutsche Bank 11 2.894 6,921 8 6 4.943 -2.049 HSBC 11 2.883 7,336 22 1 9.944 -7.061 HSBC 12 2.502 5,983 11 3 11.314 -8.812 Credit Suisse 12 2.574 6,551 16 13 2.622 -0.048 Mizuho Financial 13 1.475 3,526 7 20 1.201 0.274 Deutsche Bank 13 2.416 6,149 15 18 2.247 0.169 Standard Chartered Bank 14 1.410 3,372 9 35 0.290 1.120 UniCredit 14 1.716 4,367 20 12 2.690 -0.974 Credit Suisse 15 1.311 3,136 11 8 4.049 -2.738 Mizuho Financial 15 1.707 4,343 10 7 3.026 -1.319 UniCredit 16 1.192 2,850 11 11 2.533 -1.341 Standard Chartered Bank 16 1.348 3,430 10 27 1.359 -0.011 Natixis 17 1.149 2,749 9 22 1.162 -0.013 Natixis 17 1.288 3,279 14 29 1.193 0.095 Intesa Sanpaolo 18 0.989 2,364 7 16 1.664 -0.675 Societe Generale 18 1.203 3,063 16 6 3.429 -2.226 United Overseas Bank 19 0.836 2,000 2 - - 0.836 ING Groep 19 1.121 2,854 15 8 2.953 -1.832 Credit Agricole CIB 20 0.825 1,974 13 10 2.948 -2.123 Intesa Sanpaolo 20 1.088 2,770 12 22 1.784 -0.696 TOTAL 100% 239,130 100 100% TOTAL 100% 254,497 135 100%

Global Green Loans (Bookrunner) Global Green Loans (Mandated Lead Arranger) 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(%) Mitsubishi UFJ Financial Group Inc 1 10.885 2,339 11 5 4.592 6.293 Mitsubishi UFJ Financial Group Inc 1 6.955 3,125 34 4 4.285 2.670 Banco Santander 2 8.869 1,906 13 4 4.669 4.200 ING Groep 2 5.928 2,664 27 8 3.307 2.621 ING Groep 3 6.898 1,482 11 12 2.170 4.728 Sumitomo Mitsui Financial 3 5.378 2,417 24 1 6.883 -1.505 BNP Paribas 4 6.218 1,336 8 27 1.064 5.154 Banco Santander 4 4.687 2,106 20 2 5.427 -0.740 Banco Bilbao Vizcaya Argentaria 5 5.867 1,261 8 47 0.556 5.311 BNP Paribas 5 4.536 2,039 25 7 3.493 1.043 Credit Agricole CIB 6 4.635 996 10 14 1.955 2.680 Credit Agricole CIB 6 4.481 2,014 22 9 3.111 1.370 National Australia Bank 7 4.454 957 4 49 0.454 4.000 Societe Generale 7 3.366 1,512 16 11 2.147 1.219 Sumitomo Mitsui Financial 8 3.659 786 7 8 2.689 0.970 Banco Bilbao Vizcaya Argentaria 8 2.820 1,267 9 37 0.763 2.057 HSBC 9 3.349 720 5 - - 3.349 Mizuho Financial 9 2.651 1,191 14 3 4.894 -2.243 La Caixa 10 2.762 593 6 38 0.891 1.871 Natixis 10 2.438 1,096 11 10 2.634 -0.196 Natixis 11 2.704 581 3 31 0.955 1.749 Absa Group Ltd 11 2.407 1,082 6 - - 2.407 KeyBanc Capital Markets 12 2.654 570 7 45 0.662 1.992 Industrial & Comm Bank of China 12 2.066 928 7 80 0.272 1.794 Bank of America Merrill Lynch 13 2.327 500 1 19 1.538 0.789 HSBC 13 2.053 922 10 52 0.492 1.561 JP Morgan 13 2.327 500 1 - - 2.327 La Caixa 14 1.902 855 10 12 1.892 0.010 Societe Generale 15 1.842 396 3 24 1.258 0.584 National Australia Bank 15 1.837 826 12 16 1.423 0.414 L&T Financial Services 16 1.827 393 9 6 4.236 -2.409 Rabobank 16 1.714 770 6 15 1.552 0.162 Citi 17 1.763 379 2 25 1.205 0.558 Bank of China 17 1.653 743 5 - - 1.653 Cassa Depositi e Prestiti SpA 18 1.638 352 2 - - 1.638 KeyBanc Capital Markets 18 1.578 709 10 45 0.651 0.927 Intesa Sanpaolo 18 1.638 352 2 46 0.615 1.023 Korea Development Bank 19 1.446 650 8 27 0.949 0.497 Korea Development Bank 20 1.489 320 2 52 0.443 1.046 Kreditanstalt fuer Wiederaufbau 20 1.409 633 5 14 1.800 -0.391 TOTAL 100% 21,490 74 100% TOTAL 100% 44,939 143 100%

Bloomberg League Table Reports Page 10 Bloomberg Global Capital Markets | FY 2018

Global Acquisition Loans (Bookrunner) Global Acquisition Loans (Mandated Lead Arranger) 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 10.952 123,065 317 2 7.181 3.771 JP Morgan 1 9.835 115,087 330 2 6.981 2.854 Bank of America Merrill Lynch 2 8.806 98,958 360 1 10.202 -1.396 Bank of America Merrill Lynch 2 8.148 95,349 381 1 8.710 -0.562 Goldman Sachs 3 6.462 72,619 249 8 3.888 2.574 Goldman Sachs 3 5.932 69,422 263 6 3.733 2.199 Wells Fargo 4 5.546 62,319 169 5 3.988 1.558 Wells Fargo 4 5.014 58,678 177 5 3.871 1.143 Barclays 5 5.251 59,002 250 3 5.487 -0.236 Barclays 5 4.873 57,020 269 4 4.116 0.757 Deutsche Bank 6 3.713 41,720 212 9 3.576 0.137 Mitsubishi UFJ Financial Group Inc 6 3.849 45,044 136 14 2.353 1.496 Citi 7 3.712 41,715 172 6 3.926 -0.214 Deutsche Bank 7 3.478 40,696 235 12 2.810 0.668 RBC Capital Markets 8 3.454 38,818 211 12 2.861 0.593 Citi 8 3.445 40,316 191 3 4.237 -0.792 Mitsubishi UFJ Financial Group Inc 9 3.394 38,140 106 19 1.697 1.697 RBC Capital Markets 9 3.101 36,293 229 10 3.000 0.101 BNP Paribas 10 3.293 37,000 138 11 3.299 -0.006 BNP Paribas 10 3.091 36,167 202 11 2.881 0.210 Credit Suisse 11 2.915 32,754 222 7 3.904 -0.989 Credit Suisse 11 3.081 36,052 234 8 3.383 -0.302 Morgan Stanley 12 2.885 32,424 158 10 3.360 -0.475 Morgan Stanley 12 2.759 32,291 169 9 3.154 -0.395 BMO Capital Markets 13 2.344 26,346 175 17 1.776 0.568 HSBC 13 2.421 28,328 139 7 3.535 -1.114 HSBC 14 2.028 22,790 106 4 4.318 -2.290 BMO Capital Markets 14 2.403 28,123 195 15 1.970 0.433 Sumitomo Mitsui Financial 15 1.842 20,694 58 29 0.895 0.947 Sumitomo Mitsui Financial 15 2.275 26,617 83 21 1.487 0.788 Jefferies 16 1.668 18,746 162 13 2.776 -1.108 Jefferies 16 1.628 19,048 165 13 2.525 -0.897 Scotiabank 17 1.543 17,343 61 27 1.056 0.487 Mizuho Financial 17 1.541 18,030 64 16 1.919 -0.378 UBS 18 1.391 15,627 114 22 1.501 -0.110 Scotiabank 18 1.533 17,943 68 25 1.308 0.225 Mizuho Financial 19 1.335 15,000 56 15 1.908 -0.573 SunTrust Robinson Humphrey 19 1.339 15,671 128 18 1.731 -0.392 Credit Agricole CIB 20 1.294 14,542 81 23 1.338 -0.044 Societe Generale 20 1.309 15,315 92 19 1.639 -0.330 TOTAL 100% 1,123,719 1,644 100% TOTAL 100% 1,170,213 1,760 100%

Bloomberg League Table Reports Page 11 Bloomberg – League Tables Criteria

General Guidelines

Credit is based on the total amount of the offering sold to the public. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers; unless full, explicit breakdown of bookrunning is provided by an involved party. Regional and local tables are identified based on factors such as currency, market of issuer and/or country of risk/incorporation.

Fixed Income

All transactions must have a maturity/call/put option of minimum 18 months. Make-whole call and provisional call/put are exempted from this rule. Note: Criteria may vary for some local and/or regional tables. USD denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-USD denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche. Self- led transactions are included. New money portions of exchange offers are eligible for credit.

Exclusions: Accredited investor tranches, asset-backed issues, auction note agencies, collateralized bond obligations, collateralized loan obligations, commercial paper, municipal bonds, mortgage-backed issues, remarketed issues, repackaged bonds, government borrowing scheme retained bonds, variable principal redemption issues, variable interest equity-linked issues, and credit linked notes, selling group agency issues, strips, units, warrants, self-led under USD 50 million. Note: Criteria may vary for some local and/or regional tables.

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 call, provisional call and provisional put are exempted 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, certain lower hierarchy titles, i.e. Jr Bookrunner.

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 hierarchy titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional tables.

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. Bloomberg – League Tables Criteria

Loans

Includes executed syndicated loans transactions. Full credit is awarded to the banks satisfying the highest of the titles. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers. Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lender’s option and not as a result of events already built into the original credit agreement. Credit is awarded for the following structural changes only: maturity extensions of three months or more, incremental basis for increased in deal size, reduction in pricing, full release of security.

Exclusions: Bilateral transactions, transactions with a maturity of less than three months, loans withdrawn prior to signing, amended or restated securitizations, receivable and guarantee facilities.

US Municipals

Standard published tables will award deal credit based on true economic credit as reported by the issuer or the bookrunner. In absence of reported economic credit, 100% will be assigned to the bookrunner.

Dollar value of credit will be assigned based on the percentage allocation reported for economic credit (or designated by the user in a custom table) and applied against the total par value of the bonds issued. Zero coupon bonds (CABS) or intermediate appreciation bonds (convertible CABs) will be included at the market value (accreted value) on the interest accrual date.

All debt issued by municipal issuers will be eligible for league credit. Taxable and tax-exempt debt is eligible for league credit unless a table includes specific tax type criteria. “Tax-exempt” is defined as federally tax-exempt and includes bonds subject to AMT and bonds designated as Bank Qualified.

Each table is provided in three formats. “Economic Credit” displays rankings based on true economic credit allocations of applicable deals. “Left Lead” assigns 100% credit to the bookrunner and 0% to all other syndicate participants. “Deal Count” displays rankings based on deal quantity rather than aggregate economic credit amounts. A “deal” refers to the aggregate series within an issuance led by a particular underwriter or syndicate. For example: a $50 million issuance is split into three series- a $10 million Series A, a $20 million Series B, and a $20 million Series C. Bank 1 is the underwriter of Series A & B, while Bank 2 is the underwriter of Series C. Bank 1 would have one “deal” worth $30 million, and Bank 2 would have one “deal” worth $20 million.

Exclusions: Derivatives, private placements, variable rate preferred securities, municipal commercial paper, and remarketings are excluded from municipal league table eligibility.

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