FINANCIAL RANKINGS St 1 3Q 2016 3 1St 3Q2016

GLOBAL M&A MARKET REVIEW FINANCIAL RANKINGS st 1 3Q 2016 3 1st 3Q2016

GLOBAL M&A FINANCIAL ADVISORY RANKINGS

The Bloomberg M&A Advisory League Tables are the definitive publication of M&A advisory rankings. The CONTENTS tables represent the top financial and legal advisors across a broad array of deal types, regions, and industry sectors. The rankings data is comprised of mergers, acquisitions, divestitures, spin-offs, debt-for-equity- 1. Introduction swaps, joint ventures, private placements of common equity and convertible securities, and the cash 2. Global M&A Heat Map injection component of recapitalization according to Bloomberg standards. 3. Global M&A Regional Review 4. Global M&A League Tables Bloomberg M&A delivers real-time coverage of the M&A market from nine countries around the world. We 5. Americas M&A Regional Review provide a global perspective and local insight into unique deal structures in various markets through a 6. Americas M&A League Tables network of over 800 financial and legal advisory firms, ensuring an accurate reflection of key market trends. 8. EMEA M&A Regional Review Our quarterly league table rankings are a leading benchmark for legal and financial advisory performance, and our Bloomberg Brief newsletter provides summary highlights of weekly M&A activity and top deal 9. EMEA M&A League Tables trends. 12. APAC M&A Regional Review 13. APAC M&A League Tables Visit {NI LEAG CRL } to download copies of the final release and a full range of market specific league 16. Disclaimer table results. On the web, visit: http://www.bloomberg.com/professional/solutions/investment-banking/.

Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service.

DATA SUBMISSIONS AND QUERIES

Contact Phone Email North America Meaghan Burke +1-646-324-1537 [email protected] EMEA Madeeha Ahmad +44-20-3525-3754 [email protected] Asia Pacific Ee Wen Tay +65-6231-3404 [email protected]

General M&A queries may be submitted to: [email protected], [email protected], [email protected]

Western Europe Eastern Europe USD 718.5B USD 29.9B 1. Goldman Sachs & Co 33.1% 1. Goldman Sachs & Co 14.7% North America 2. Morgan Stanley 26.7% 2. China Renaissance Partners 11.1% USD 1,412.3B 3. Credit Suisse Group AG 23.5% 3. Deutsche Bank AG 6.3% 1. Goldman Sachs & Co 32.1% 2. Morgan Stanley 27.0% 3. JP Morgan Chase & Co 21.7%

Asia Pacific USD 917.1B 1. Goldman Sachs & Co 16.2% 2. China Internationla Capital Corp 13.0% Scale in USD Bln. 3. JP Morgan Chase & Co 12.3% 0 - 18 Middle East & Africa Latin America & Caribbean USD 91.8B 19 - 46 USD 97.0B 1. Credit Suisse Group AG 21.3% 47 - 92 1. Banco Santander SA 18.3% 2. UBS Group AG 17.9% 93 - 138 2. Banco Itau BBA 15.3% 3. Goldman Sachs & Co 15.3% 139 - 230 3. Bradesco BBI SA 10.4% 231 - 368 369 - 552 553 - 782 783 - 828 829 -

Deal volume and adviser market share for any regional involvement (target, seller, or acquirer) for 1st 3Q2016.

2 Global M&A Regional Review Global M&A: Premium Breakdown • Global M&A deal volume reached $2.4 trillion in the first 3Q2016, representing a 14.0% decrease 2% 1% 0-10% compared to the same period last year. Deals involving targets based in the United States accounted for 7% $1.11 billion of the global activity, representing a 20.1% decrease from the same period last year. 18% 10-25% • Despite a decrease in deal activity in the first 3Q2016, companies paid a median of 11.3 times their 25-50% targets’ EBITDA, making 2016 the most expensive year for deal making on record. Transactions targeting the technology sector were the priciest, hosting an average TV/EBITDA of 14.6. 50-75% • Transactions involving companies based in Canada increased 30.9% by volume from the same period last 42% 30% 75-100% year to $254.0 billion. Enbridge Inc’s announced acquisition of Spectra Energy Corp for $42.8 billion was the largest deal for the region and energy sector this year. 100%+

Global M&A: Highlights of 1st 3Q2016 Global M&A: Industry Breakdown Total Value Amount % YoY Summary Date Target Acquirer Seller (Mln.) Industry (Bln.) % of Total Change Number of deals 28,769 Financial $496.5 20.3% -11.8% 5/18/2016 Monsanto Co Bayer AG - $65,695.7 Volume (Bln.) $2,398.1 Consumer Non-cyclical $398.9 16.4% -37.3% Avg Deal Size (Mln.) $83.4 China National Chemical Consumer Cyclical $268.8 11.0% 28.9% 2/3/2016 Syngenta AG - $46,311.7 Corp Technology $249.0 10.2% 25.7% Top Adviser Basic Materials $245.6 10.1% 123.9% 9/6/2016 Spectra Energy Corp Enbridge Inc - $42,818.3 Goldman Sachs & Co Industrial $240.9 9.9% -23.5% Number of deals 217 Communications $201.7 8.3% -41.0% 1/11/2016 Baxalta Inc Shire PLC - $35,563.4

Volume (Bln.) $606.1 Energy $194.1 8.0% -30.0% Global M&A Review | 1st 3Q2016 Avg Deal Size (Bln.) $2.8 Utilities $113.1 4.6% 57.6% 7/18/2016 ARM Holdings PLC SoftBank Group Corp - $30,124.6 Diversified $31.2 1.3% -54.6%

Global M&A: Quarterly Volume Global M&A: Deal Type Breakdown Amount % Change % Change $1,400 12,000 Deal Type (Bln.) Deal Count Volume $1,200 10,000 Company Takeover $1,538.7 0.3% -13.4% $1,000 Cross Border $1,046.1 1.0% -3.4% 8,000 $800 Private Equity $520.2 -3.0% -12.8% 6,000 $600 Asset Sale $381.5 2.3% -17.3% 4,000 $400 Tender Offer $211.9 3.7% 24.2% Venture Capital $93.6 -4.9% 0.8% $200 2,000 Spin-off $44.2 -8.5% -19.5% $0 0 2011 Q3 2012 Q3 2013 Q3 2014 Q3 2015 Q3 2016 Q3 Minority Purchase $261.9 1.0% -1.0% Majority Purchase $152.6 -2.4% -6.5% Volume $(Bln.) Deal Count

Quarterly Volume represents any involvement (target, seller, or acquirer). 3 Global Announced Deals 01/01/2016 - 09/30/2016 Cross Border Announced Deals 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Goldman Sachs & Co 1 25.3 606,134 217 1 25.5 -0.2 Goldman Sachs & Co 1 32.4 338,765 121 3 26.2 6.2 Morgan Stanley 2 20.5 490,544 201 3 23.6 -3.1 Morgan Stanley 2 27.8 290,737 105 4 23.8 4.0 JPMorgan Chase & Co 3 17.3 414,631 211 2 24.3 -7.0 Credit Suisse Group AG 3 23.2 242,479 81 7 15.2 8.0 Credit Suisse Group AG 4 15.5 372,498 145 5 17.6 -2.1 JPMorgan Chase & Co 4 21.3 222,205 110 1 35.2 -14.0 Bank of America Merrill Lynch 5 15.2 363,604 141 4 20.5 -5.3 Bank of America Merrill Lynch 5 15.6 163,545 76 2 26.5 -10.8 Barclays PLC 6 13.4 321,565 136 8 9.8 3.6 Lazard Ltd 6 15.6 163,500 94 5 17.6 -2.0 Citigroup Inc 7 11.2 268,370 148 6 16.8 -5.6 Barclays PLC 7 14.9 155,683 70 10 14.0 0.9 Lazard Ltd 8 9.2 219,891 145 7 12.6 -3.5 Citigroup Inc 8 13.4 140,048 81 8 14.6 -1.2 UBS AG 9 8.8 210,332 109 13 6.1 2.7 Rothschild & Co 9 13.2 138,003 154 6 17.6 -4.4 Deutsche Bank AG 10 8.2 197,267 107 10 9.1 -0.9 UBS AG 10 11.9 124,171 59 12 5.5 6.4 Evercore Partners Inc 11 7.4 177,553 114 15 3.9 3.5 Deutsche Bank AG 11 10.2 106,161 58 9 14.4 -4.2 RBC Capital Markets 12 7.2 171,536 115 22 2.4 4.7 RBC Capital Markets 12 7.7 80,230 45 28 1.9 5.8 Rothschild & Co 13 6.8 163,869 221 11 8.0 -1.2 HSBC Bank PLC 13 7.6 79,876 35 16 4.7 2.9 China International Capital Corp Ltd 14 5.0 119,322 28 38 1.0 4.0 Ducera Partners LLC 14 6.3 65,696 1 - - 6.3 HSBC Bank PLC 15 4.1 98,902 45 14 4.4 -0.3 China International Capital Corp Ltd 15 6.2 64,859 7 100 0.1 6.1 Centerview Partners LLC 16 3.6 85,950 28 9 9.4 -5.9 BMO Capital Markets Corp/Toronto 16 5.3 55,763 17 24 2.0 3.3 Mizuho Financial Group Inc 17 3.4 81,714 81 36 1.1 2.4 Mizuho Financial Group Inc 17 5.0 51,982 29 22 2.2 2.8 Guggenheim Capital LLC 18 3.3 77,930 16 12 6.1 -2.9 Evercore Partners Inc 18 4.7 49,376 41 13 5.4 -0.7 Wells Fargo & Co 19 3.2 76,040 56 29 1.7 1.5 China Construction Bank Corp 19 4.6 48,197 11 194 0.0 4.6 BMO Capital Markets Corp/Toronto 20 2.9 68,847 42 32 1.3 1.5 Raine Group LLC 20 4.5 47,125 5 387 - 4.5 TOTAL 2,397,611 28,772 2,763,722 TOTAL 1,045,633 10,714 1,082,710

Global Private Equity Announced Deals 01/01/2016 - 09/30/2016 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Goldman Sachs & Co 1 23.4 121,784 86 3 17.5 5.9 JPMorgan Chase & Co 2 15.9 82,419 70 1 23.2 -7.4 Credit Suisse Group AG 3 14.7 76,454 63 8 10.3 4.4 Morgan Stanley 4 12.6 65,650 67 4 16.8 -4.2 Citigroup Inc 5 11.8 61,549 56 5 14.1 -2.3 Barclays PLC 6 11.5 59,915 56 6 13.9 -2.4 Bank of America Merrill Lynch 7 10.5 54,341 45 2 18.6 -8.1 Deutsche Bank AG 8 10.3 53,761 37 7 12.8 -2.5 RBC Capital Markets 9 8.8 45,862 41 12 5.0 3.8 UBS AG 10 6.9 35,898 44 10 6.4 0.5 Lazard Ltd 11 5.7 29,705 63 17 4.1 1.6 Jefferies LLC 12 5.3 27,505 59 16 4.2 1.1 Rothschild & Co 13 4.8 24,706 107 11 6.1 -1.3 Gresham Partners Ltd 14 3.8 19,673 6 55 0.4 3.4 Macquarie Group Ltd 15 3.3 17,041 20 14 4.8 -1.5 Centerview Partners LLC 16 2.9 15,288 8 9 6.5 -3.6 Moelis & Co 17 2.7 13,916 31 22 2.8 -0.2 Evercore Partners Inc 18 2.5 13,060 47 27 2.0 0.6 Grant Samuel Securities Pty Ltd 19 2.4 12,270 3 - - 2.4 Wells Fargo & Co 20 2.3 12,023 22 13 4.8 -2.5 TOTAL 520,149 8,125 596,602

4 Americas M&A Regional Review Americas M&A: Country Breakdown Amount % YoY • The Americas continued to be the most targeted region for M&A activity, accounting for 52.6% of the Country (Bln.) % of Total Change global deal volume in the first 3Q2106. Despite a relatively stagnant summer of deal making, volume for United States $1,117.6 88.6% -19.7% the third quarter reached $438.9 billion. Canada $78.8 6.2% 64.5% • Cross border transactions represented 46.9% of the region’s total volume in the first 3Q2016. Foreign Brazil $23.7 1.9% 5.4% consumer, non-cyclical and technology companies were the most targeted by acquirers based in the Chile $14.5 1.2% 169.1% Americas, contributing 20.7% and 20.5% to the total deal count, respectively. • Companies based in the Americas received the most venture capital financing in the first 3Q2016, with Mexico $7.8 0.6% -33.6% $42.2 billion in total funding. Airbnb Inc’s $850 million Series F round of financing was the largest Colombia $5.8 0.5% 1361.1% venture capital deal announced this quarter. British Virgin Islands $5.7 0.5% 47.7% • Goldman Sachs & Co was the top adviser for the first 3Q2016 with $410.5 billion in volume for the Bermuda $0.6 0.0% -89.8% region. Americas M&A: Highlights of 1st 3Q2016 Americas M&A: Industry Breakdown Total Value Amount % YoY Summary Date Target Acquirer Seller (Mln.) Industry (Bln.) % of Total Change Number of deals 12,440 Consumer Non-cyclical $258.8 20.4% -43.8% 5/18/2016 Monsanto Co Bayer AG - $65,695.7 Volume (Bln.) $1,261.2 Financial $183.7 14.5% -30.0% Avg Deal Size (Mln.) $101.4 Energy $147.4 11.6% 16.9% 9/6/2016 Spectra Energy Corp Enbridge Inc - $42,818.3 Technology $146.3 11.5% 3.0% Top Adviser Basic Materials $132.6 10.5% 179.6% 1/11/2016 Baxalta Inc Shire PLC - $35,563.4 Goldman Sachs & Co Consumer Cyclical $132.3 10.4% 81.1% Number of deals 116 Communications $108.5 8.6% -47.0% 4/28/2016 St Jude Medical Inc Abbott Laboratories - $30,108.2

Volume (Bln.) $410.5 Utilities $88.4 7.0% 133.5% Global M&A Review | 1st 3Q2016 Avg Deal Size (Bln.) $3.5 Industrial $67.7 5.3% -51.7% 1/25/2016 Johnson Controls Inc Tyco International PLC - $28,667.3 Diversified $2.8 0.2% -23.5%

Americas M&A: Quarterly Volume Americas M&A: Deal Type Breakdown Amount % Change % Change $800 6000 Deal Type (Bln.) Deal Count Volume $700 5000 Company Takeover $911.2 1.5% -13.4% $600 Cross Border $502.3 5.0% 29.1% 4000 $500 Private Equity $290.1 -5.0% -14.7% $400 3000 Asset Sale $210.3 6.6% -25.2% $300 2000 Tender Offer $70.3 -8.7% -21.5% $200 1000 Venture Capital $42.2 -11.4% -17.0% $100 Spin-off $18.4 -34.4% -30.1% $0 0 2011 Q3 2012 Q3 2013 Q3 2014 Q3 2015 Q3 2016 Q3 Minority Purchase $82.9 -6.7% -18.7% Majority Purchase $31.0 -9.5% 47.2% Volume $(Bln.) Deal Count

Quarterly Volume represents any involvement (target, seller, or acquirer). 5 US Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 US Announced Deals (Target or Seller) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Goldman Sachs & Co 1 33.8 445,302 145 2 25.8 8.1 Goldman Sachs & Co 1 35.3 419,622 120 3 26.6 8.8 Morgan Stanley 2 27.2 358,665 116 3 25.6 1.6 Morgan Stanley 2 29.2 346,451 104 2 27.9 1.3 JPMorgan Chase & Co 3 22.6 297,346 149 1 29.3 -6.7 JPMorgan Chase & Co 3 23.6 280,835 135 1 29.8 -6.1 Bank of America Merrill Lynch 4 21.2 278,816 95 4 23.8 -2.7 Bank of America Merrill Lynch 4 23.2 275,544 83 4 25.0 -1.8 Barclays PLC 5 20.3 267,772 102 8 14.6 5.8 Barclays PLC 5 22.4 266,269 96 8 15.0 7.5 Credit Suisse Group AG 6 19.8 260,895 90 5 23.8 -4.0 Credit Suisse Group AG 6 20.0 237,505 79 5 24.6 -4.6 Citigroup Inc 7 17.5 230,887 86 6 22.1 -4.6 Citigroup Inc 7 18.6 221,121 75 6 24.5 -5.8 Evercore Partners Inc 8 13.2 173,665 103 15 5.7 7.5 Evercore Partners Inc 8 14.1 167,019 92 15 6.1 7.9 Lazard Ltd 9 11.4 149,843 82 9 12.3 -0.9 Deutsche Bank AG 9 12.1 143,615 58 12 7.5 4.6 Deutsche Bank AG 10 11.2 148,103 63 11 8.4 2.9 Lazard Ltd 10 12.1 143,407 68 9 12.1 0.0 RBC Capital Markets 11 9.3 122,373 79 19 3.1 6.2 RBC Capital Markets 11 10.0 118,552 71 18 3.4 6.5 Rothschild & Co 12 8.9 116,549 62 17 4.7 4.2 Rothschild & Co 12 8.4 99,978 42 22 2.2 6.2 Centerview Partners LLC 13 6.5 85,950 28 7 15.4 -8.9 Guggenheim Capital LLC 13 6.5 77,649 14 10 11.5 -4.9 UBS AG 14 6.0 78,848 52 12 7.3 -1.3 Centerview Partners LLC 14 6.4 75,976 27 7 17.1 -10.7 Guggenheim Capital LLC 15 5.9 77,930 16 10 10.2 -4.3 Wells Fargo & Co 15 6.3 75,306 52 20 2.9 3.5 Wells Fargo & Co 16 5.7 75,494 54 21 2.8 3.0 UBS AG 16 5.6 66,993 49 11 7.6 -1.9 Ducera Partners LLC 17 5.0 65,696 2 - - 5.0 Ducera Partners LLC 17 5.5 65,696 2 - - 5.5 BMO Capital Markets Corp/Toronto 18 4.5 59,341 28 25 1.6 2.9 BMO Capital Markets Corp/Toronto 18 4.9 58,248 23 26 1.7 3.2 Qatalyst Partners LLC 19 3.8 50,064 7 34 0.7 3.1 Qatalyst Partners LLC 19 4.2 50,064 7 32 0.8 3.4 Jefferies LLC 20 3.3 44,004 89 20 2.9 0.4 Jefferies LLC 20 3.6 43,041 86 19 3.1 0.5 TOTAL 1,317,114 13,102 1,659,245 TOTAL 1,187,805 10,805 1,476,218

Canada Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 Canada Announced Deals (Target or Seller) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Morgan Stanley 1 41.1 104,463 18 7 13.9 27.2 RBC Capital Markets 1 39.7 35,854 30 2 15.7 24.0 Goldman Sachs & Co 2 38.1 96,724 20 6 14.8 23.3 CIBC 2 36.4 32,925 20 4 13.3 23.1 JPMorgan Chase & Co 3 36.6 92,935 21 1 35.1 1.6 Barclays PLC 3 32.5 29,394 6 21 2.7 29.9 Barclays PLC 4 35.4 89,845 16 3 18.2 17.2 Morgan Stanley 4 21.4 19,324 4 26 2.0 19.4 RBC Capital Markets 5 33.7 85,537 38 8 12.8 20.9 Bank of America Merrill Lynch 5 21.3 19,286 5 10 5.7 15.7 Credit Suisse Group AG 6 29.3 74,291 17 9 12.5 16.7 BMO Capital Markets Corp/Toronto 6 11.7 10,533 16 1 23.4 -11.8 BMO Capital Markets Corp/Toronto 7 24.6 62,365 23 4 15.8 8.8 TD Securities Inc 7 10.8 9,727 19 3 14.0 -3.2 Citigroup Inc 8 20.2 51,377 8 5 15.5 4.7 Goldman Sachs & Co 8 8.2 7,413 5 5 9.8 -1.6 Bank of America Merrill Lynch 9 15.5 39,424 15 2 18.5 -2.9 Bank of Nova Scotia/The 9 7.7 6,932 16 9 5.7 2.0 CIBC 10 14.8 37,550 22 14 8.9 5.9 JPMorgan Chase & Co 10 7.5 6,785 6 11 5.5 2.0 Lazard Ltd 11 10.2 26,013 12 42 0.6 9.6 National Bank Financial Inc 11 7.4 6,674 23 15 4.4 3.0 Wells Fargo & Co 12 9.8 24,904 7 131 - 9.8 Credit Suisse Group AG 12 5.1 4,614 3 19 2.9 2.2 Gresham Partners Ltd 13 7.7 19,594 4 36 1.0 6.7 Deutsche Bank AG 13 3.6 3,250 4 22 2.3 1.3 Bank of Nova Scotia/The 14 7.4 18,857 19 15 8.0 -0.5 GMP Securities LP 14 2.8 2,487 11 8 5.8 -3.1 Macquarie Group Ltd 15 5.4 13,660 14 16 7.1 -1.7 Citigroup Inc 15 2.5 2,256 2 18 2.9 -0.5 UBS AG 16 5.3 13,500 10 34 1.2 4.1 Peters & Co Ltd 16 2.1 1,855 5 35 1.0 1.1 National Bank Financial Inc 17 4.9 12,378 26 31 1.5 3.4 Blair Franklin Capital Partners Inc 17 2.0 1,823 1 42 0.8 1.3 Grant Samuel Securities Pty Ltd 18 4.8 12,270 3 - - 4.8 Jefferies LLC 18 1.5 1,352 7 7 5.9 -4.4 TD Securities Inc 19 4.7 11,953 23 18 4.5 0.2 Platinum Securities Co Ltd 19 1.5 1,340 1 - - 1.5 Stifel Financial Corp 20 3.3 8,293 5 88 0.1 3.2 HSBC Bank PLC 19 1.5 1,340 2 23 2.2 -0.8 TOTAL 253,915 2,240 194,045 TOTAL 90,388 1,573 63,059

6 Latin America Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 Brazil Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Banco Santander SA 1 24.7 17,733 19 4 16.7 8.0 Banco Bradesco BBI SA 1 38.8 10,895 15 2 32.2 6.6 Banco Itau BBA SA 2 20.7 14,871 31 8 12.7 8.0 Banco Santander SA 2 36.6 10,275 12 9 21.2 15.4 Banco Bradesco BBI SA 3 15.2 10,895 15 6 15.5 -0.3 Banco Itau BBA SA 3 25.9 7,270 25 6 24.2 1.7 JPMorgan Chase & Co 4 13.6 9,787 9 5 16.1 -2.5 Banco BTG Pactual SA 4 19.6 5,502 12 4 25.5 -5.9 Morgan Stanley 5 12.1 8,693 8 13 7.5 4.7 JPMorgan Chase & Co 5 19.2 5,398 2 5 25.0 -5.8 Banco BTG Pactual SA 6 10.5 7,562 16 7 13.4 -2.9 Goldman Sachs & Co 6 11.5 3,229 4 3 29.0 -17.5 Citigroup Inc 7 8.7 6,248 11 15 6.3 2.4 Bank of America Merrill Lynch 7 10.9 3,065 3 12 12.5 -1.5 IMAP Inc Sucursal Espana 8 8.5 6,081 4 - - 8.5 Citigroup Inc 8 10.7 3,006 5 14 4.2 6.5 Goldman Sachs & Co 9 6.2 4,481 8 3 19.3 -13.1 Morgan Stanley 9 7.8 2,197 5 21 1.4 6.4 Banco Bilbao Vizcaya Argentaria SA 10 5.8 4,170 9 11 8.8 -3.0 BNP Paribas SA 10 6.7 1,878 2 20 2.3 4.4 Credit Suisse Group AG 11 5.8 4,157 6 9 12.5 -6.7 Industrial Securities Co Ltd 11 5.3 1,500 1 - - 5.3 Bank of America Merrill Lynch 12 5.2 3,738 4 12 8.7 -3.5 HSBC Bank PLC 11 5.3 1,500 1 10 19.8 -14.5 BNP Paribas SA 13 4.1 2,915 6 18 2.0 2.1 Barclays PLC 11 5.3 1,500 1 22 1.0 4.3 Lazard Ltd 14 3.9 2,789 7 23 1.7 2.2 Deutsche Bank AG 11 5.3 1,500 1 8 21.3 -16.0 HSBC Bank PLC 15 3.1 2,215 6 10 11.5 -8.4 Ping An Insurance Group Co of China Ltd 11 5.3 1,500 1 - - 5.3 Jefferies LLC 16 2.9 2,055 3 48 0.1 2.7 Trust & Co Investimentos 16 3.9 1,086 2 - - 3.9 Deutsche Bank AG 17 2.1 1,500 4 2 19.9 -17.8 Evercore Partners Inc 17 3.6 1,017 1 - - 3.6 Industrial Securities Co Ltd 17 2.1 1,500 1 - - 2.1 BR Partners 18 3.4 943 5 13 5.0 -1.7 Barclays PLC 17 2.1 1,500 1 22 1.8 0.3 Banco Safra SA 19 2.3 633 1 - - 2.3 Ping An Insurance Group Co of China Ltd 17 2.1 1,500 1 - - 2.1 Olimpia Partners 20 1.4 400 2 39 - 1.4 TOTAL 71,879 618 54,425 TOTAL 28,100 316 26,148

Latin America Announced Deals (Target or Seller) 01/01/2016 - 09/30/2016 Brazil Announced Deals (Target or Seller) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Banco Itau BBA SA 1 25.2 14,871 31 8 14.1 11.1 Banco Bradesco BBI SA 1 39.8 10,895 15 2 35.0 4.8 Banco Bradesco BBI SA 2 18.4 10,895 15 6 17.2 1.2 Banco Santander SA 2 37.6 10,275 12 8 23.0 14.5 Banco Santander SA 3 17.7 10,479 16 4 18.6 -0.9 Banco Itau BBA SA 3 26.6 7,270 25 6 25.3 1.3 JPMorgan Chase & Co 4 15.5 9,127 8 5 18.0 -2.5 Banco BTG Pactual SA 4 20.1 5,502 12 5 26.7 -6.6 Morgan Stanley 5 14.7 8,693 8 12 8.3 6.4 JPMorgan Chase & Co 5 19.7 5,398 2 4 27.2 -7.5 Banco BTG Pactual SA 6 12.8 7,562 16 7 15.0 -2.2 Goldman Sachs & Co 6 11.8 3,229 4 3 31.5 -19.7 IMAP Inc Sucursal Espana 7 10.3 6,081 4 - - 10.3 Bank of America Merrill Lynch 7 11.2 3,065 3 12 7.1 4.1 Citigroup Inc 8 9.5 5,588 10 16 4.2 5.3 Citigroup Inc 8 11.0 3,006 5 14 4.6 6.4 Goldman Sachs & Co 9 7.6 4,481 7 2 21.4 -13.8 Morgan Stanley 9 8.0 2,197 5 21 1.6 6.5 Banco Bilbao Vizcaya Argentaria SA 10 7.1 4,170 9 11 9.8 -2.7 BNP Paribas SA 10 6.9 1,878 2 20 2.5 4.4 Credit Suisse Group AG 11 7.0 4,157 5 9 13.9 -6.8 Industrial Securities Co Ltd 11 5.5 1,500 1 - - 5.5 Bank of America Merrill Lynch 12 5.2 3,065 3 14 4.8 0.4 HSBC Bank PLC 11 5.5 1,500 1 9 21.6 -16.1 BNP Paribas SA 13 4.9 2,915 6 18 2.2 2.7 Barclays PLC 11 5.5 1,500 1 22 1.1 4.4 HSBC Bank PLC 14 3.8 2,215 5 10 12.8 -9.0 Deutsche Bank AG 11 5.5 1,500 1 10 17.1 -11.7 Lazard Ltd 15 3.8 2,214 6 21 1.9 1.9 Ping An Insurance Group Co of China Ltd 11 5.5 1,500 1 - - 5.5 Jefferies LLC 16 3.5 2,055 2 45 0.1 3.4 Trust & Co Investimentos 16 4.0 1,086 2 - - 4.0 Deutsche Bank AG 17 2.5 1,500 3 3 18.8 -16.3 Evercore Partners Inc 17 3.7 1,017 1 - - 3.7 Industrial Securities Co Ltd 17 2.5 1,500 1 - - 2.5 BR Partners 18 3.4 943 5 13 5.5 -2.0 Barclays PLC 17 2.5 1,500 1 20 2.0 0.6 Banco Safra SA 19 2.3 633 1 - - 2.3 Ping An Insurance Group Co of China Ltd 17 2.5 1,500 1 - - 2.5 Olimpia Partners 20 1.5 400 2 39 - 1.5 TOTAL 59,087 559 48,868 TOTAL 27,363 289 24,055

7 EMEA M&A Regional Review EMEA M&A: Country Breakdown Amount % YoY • Deal activity for EMEA-based targets reached $500.8 billion in the first 3Q2016, a 18.1% decrease from Country (Bln.) % of Total Change the same period last year. The United Kingdom continued to be the most targeted country in the region United Kingdom $128.0 25.6% -44.7% despite a 44.7% decrease in deal volume. Switzerland $60.5 12.1% 212.9% • Transactions involving EMEA-based targets exceeding $1.0 billion in value decreased 24.2% by deal France $50.4 10.1% 1.8% count to 81 deals in the first 3Q2016. Financial companies were the most sought-after, accounting for 23.5% of the region’s total mega-deal volume. Germany $41.6 8.3% -30.7% • The region’s private equity activity decreased 14.2% from the same period last year, reaching $207.6 Spain $32.9 6.6% -1.6% billion in transactions in the first 3Q2016. The $4.4 billion consortium bid for Playtika Ltd from Caesars Italy $29.5 5.9% -24.8% Interactive Entertainment Inc was the region’s largest private equity buyout for the period. Netherlands $19.3 3.9% -25.7% Finland $13.1 2.6% 56.4%

EMEA M&A Highlights of 1st 3Q2016 EMEA M&A: Industry Breakdown Total Value Amount % YoY Summary Date Target Acquirer Seller (Mln.) Industry (Bln.) % of Total Change Number of deals 7,743 China National Chemical Financial $133.6 26.6% -1.9% 2/3/2016 Syngenta AG - $46,311.7 Volume (Bln.) $500.8 Corp Consumer Non-cyclical $68.7 13.7% -21.3% Avg Deal Size (Mln.) $64.7 Technology $62.2 12.4% 192.8% 7/18/2016 ARM Holdings PLC SoftBank Group Corp - $30,124.6 Industrial $60.6 12.0% -26.8% Top Adviser Basic Materials $59.0 11.7% 236.7% 2/23/2016 London Stock Exchange Group PLC Deutsche Boerse AG - $13,809.8 Goldman Sachs & Co Consumer Cyclical $52.8 10.5% -11.5% Number of deals 53 National Bank of Abu Communications $23.6 4.7% -60.7% 7/3/2016 First Gulf Bank PJSC - $13,441.9 Dhabi PJSC Volume (Bln.) $151.4 Energy $22.7 4.5% -78.7% Global M&A Review | 1st 3Q2016 Avg Deal Size (Bln.) $2.9 Utilities $13.4 2.7% -11.4% 2/10/2016 Meda AB Mylan NV - $9,974.8 Diversified $6.5 1.3% 0.6%

EMEA M&A: Quarterly Volume EMEA M&A: Deal Type Breakdown Amount % Change % Change $500 4000 Deal Type (Bln.) Deal Count Volume $400 Company Takeover $304.6 -1.5% -18.6% 3000 Cross Border $352.6 -0.3% -27.6% $300 Private Equity $125.1 -1.1% -20.3% 2000 $200 Asset Sale $91.7 -6.4% -13.9% Tender Offer $110.7 15.0% 72.6% 1000 $100 Venture Capital $10.1 9.8% -17.7% Spin-off $11.6 141.7% 306.0% $0 0 2011 Q3 2012 Q3 2013 Q3 2014 Q3 2015 Q3 2016 Q3 Minority Purchase $50.3 3.3% 8.1% Majority Purchase $33.8 -1.0% -28.6% Volume $(Bln.) Deal Count

Quarterly Volume represents any involvement (target, seller, or acquirer). 8 Europe Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 Europe Announced Deals (Target or Seller) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Goldman Sachs & Co 1 32.5 238,667 79 2 31.4 1.1 Goldman Sachs & Co 1 29.3 163,929 64 1 34.2 -4.9 Morgan Stanley 2 26.2 192,448 69 3 29.3 -3.2 UBS AG 2 21.1 118,269 43 13 5.7 15.5 Credit Suisse Group AG 3 22.9 168,501 55 8 14.5 8.4 Credit Suisse Group AG 3 18.8 105,303 46 9 11.0 7.9 Rothschild & Co 4 20.6 151,383 188 5 25.1 -4.5 JPMorgan Chase & Co 4 18.0 100,947 61 2 31.3 -13.2 Lazard Ltd 5 19.3 141,777 93 6 25.0 -5.7 Lazard Ltd 5 15.8 88,318 83 6 25.9 -10.2 Bank of America Merrill Lynch 6 18.9 138,621 59 4 28.1 -9.3 HSBC Bank PLC 6 14.1 78,717 28 12 6.3 7.7 JPMorgan Chase & Co 7 16.2 119,351 74 1 31.4 -15.1 Rothschild & Co 7 12.5 70,086 177 3 28.5 -16.0 UBS AG 8 14.7 108,089 46 14 5.4 9.3 Deutsche Bank AG 8 12.0 67,241 46 7 15.5 -3.5 Deutsche Bank AG 9 14.5 106,805 46 7 14.9 -0.4 Morgan Stanley 9 11.9 66,631 61 5 27.6 -15.7 Barclays PLC 10 12.7 93,333 66 11 10.0 2.7 Bank of America Merrill Lynch 10 10.5 58,925 49 4 27.7 -17.2 Citigroup Inc 11 12.2 89,354 62 9 12.9 -0.7 Raine Group LLC 11 8.4 47,125 4 273 - 8.4 HSBC Bank PLC 12 10.7 78,717 29 13 5.5 5.2 China Construction Bank Corp 12 8.3 46,312 1 - - 8.3 Ducera Partners LLC 13 8.9 65,696 1 - - 8.9 China CITIC Bank Corp Ltd 12 8.3 46,312 1 - - 8.3 Evercore Partners Inc 14 6.7 48,920 35 19 2.6 4.1 China International Capital Corp Ltd 12 8.3 46,312 2 213 - 8.3 China CITIC Bank Corp Ltd 15 6.3 46,312 1 - - 6.3 Robey Warshaw LLP 15 8.1 45,048 3 8 12.1 -4.1 China International Capital Corp Ltd 15 6.3 46,312 2 110 0.1 6.2 Citigroup Inc 16 7.5 41,914 52 10 10.6 -3.1 China Construction Bank Corp 15 6.3 46,312 1 - - 6.3 Barclays PLC 17 7.3 40,565 51 11 8.9 -1.7 Robey Warshaw LLP 18 6.1 45,048 3 10 10.5 -4.4 Mizuho Financial Group Inc 18 6.9 38,725 5 34 0.9 6.0 Raine Group LLC 19 5.3 38,725 2 287 - 5.3 Societe Generale SA 19 5.8 32,227 25 15 4.8 0.9 Mizuho Financial Group Inc 19 5.3 38,725 9 38 0.8 4.5 BNP Paribas SA 20 4.7 26,068 69 14 5.5 -0.8 TOTAL 735,221 9,081 762,046 TOTAL 559,589 8,145 658,688

UK Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 Germany Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Goldman Sachs & Co 1 42.5 92,512 29 1 43.0 -0.6 Bank of America Merrill Lynch 1 53.6 93,636 14 9 10.3 43.4 Lazard Ltd 2 28.2 61,373 32 6 27.0 1.2 Morgan Stanley 2 51.4 89,785 11 7 15.6 35.8 UBS AG 3 23.5 51,152 16 14 5.8 17.6 Credit Suisse Group AG 3 45.6 79,528 11 3 21.3 24.2 Robey Warshaw LLP 4 20.7 45,048 3 7 22.1 -1.5 Rothschild & Co 4 42.9 74,929 36 2 21.5 21.4 JPMorgan Chase & Co 5 18.3 39,814 29 2 42.6 -24.3 Ducera Partners LLC 5 37.6 65,696 1 - - 37.6 Barclays PLC 6 16.9 36,904 28 8 16.7 0.2 Deutsche Bank AG 6 20.4 35,562 17 1 24.9 -4.5 Deutsche Bank AG 7 16.8 36,597 20 9 10.4 6.4 Goldman Sachs & Co 7 18.9 32,973 13 10 8.0 10.9 Bank of America Merrill Lynch 8 15.8 34,318 23 4 38.6 -22.8 JPMorgan Chase & Co 8 17.5 30,625 15 6 16.8 0.8 Mizuho Financial Group Inc 9 13.8 30,125 2 35 1.0 12.9 Lazard Ltd 9 13.9 24,226 15 4 17.5 -3.6 Raine Group LLC 9 13.8 30,125 1 - - 13.8 Barclays PLC 10 11.2 19,488 10 23 1.1 10.0 RBC Capital Markets 11 12.1 26,414 18 22 3.6 8.6 HSBC Bank PLC 11 10.8 18,801 7 21 1.3 9.5 Citigroup Inc 12 11.0 23,980 25 10 7.2 3.8 Perella Weinberg Partners LP 12 10.6 18,483 3 14 2.5 8.1 HSBC Bank PLC 13 10.7 23,322 12 17 4.8 5.9 Societe Generale SA 13 9.8 17,020 3 71 - 9.8 Morgan Stanley 14 9.8 21,290 22 5 31.3 -21.5 UBS AG 14 9.6 16,669 4 34 0.6 9.0 Rothschild & Co 15 9.2 20,081 65 3 38.7 -29.5 RBC Capital Markets 15 8.0 13,930 3 46 0.1 7.9 Perella Weinberg Partners LP 16 6.6 14,310 3 83 0.1 6.5 Robey Warshaw LLP 16 7.9 13,810 1 - - 7.9 Societe Generale SA 17 6.3 13,810 1 126 0.0 6.3 Citigroup Inc 17 5.7 10,011 14 8 11.7 -5.9 Greenhill & Co Inc 18 3.9 8,438 9 20 3.8 0.1 BNP Paribas SA 18 5.0 8,741 7 43 0.2 4.8 Ernst & Young 19 3.3 7,235 22 23 2.5 0.8 Joh Berenberg Gossler & Co KG 19 2.8 4,913 4 18 1.8 1.0 Credit Suisse Group AG 20 3.1 6,811 16 11 6.7 -3.6 CITIC Securities Co Ltd 20 2.5 4,375 2 - - 2.5 TOTAL 217,903 3,554 360,690 TOTAL 174,610 1,453 106,886

9 France Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 Italy Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Rothschild & Co 1 38.2 45,791 90 9 25.6 12.7 Lazard Ltd 1 22.9 8,890 11 6 28.7 -5.8 Goldman Sachs & Co 2 33.0 39,519 21 7 26.1 6.9 Morgan Stanley 2 19.7 7,657 8 2 39.5 -19.8 Morgan Stanley 3 32.8 39,284 14 6 26.3 6.5 Deutsche Bank AG 3 18.4 7,160 5 13 16.1 2.3 Lazard Ltd 4 19.0 22,788 34 10 19.3 -0.2 Citigroup Inc 4 15.6 6,064 4 11 16.9 -1.3 Credit Agricole Corporate & Investment Bank SA 5 18.2 21,848 24 12 16.0 2.3 Bank of America Merrill Lynch 5 14.6 5,689 5 1 47.3 -32.7 Credit Suisse Group AG 6 15.0 17,997 7 5 26.7 -11.7 Credit Suisse Group AG 6 14.2 5,529 2 12 16.5 -2.3 Bank of America Merrill Lynch 7 14.7 17,567 10 4 29.3 -14.6 Intesa Sanpaolo SpA 7 11.5 4,451 14 21 2.7 8.8 BNP Paribas SA 8 13.7 16,396 48 1 35.4 -21.7 JPMorgan Chase & Co 8 11.3 4,388 9 3 38.1 -26.8 Societe Generale SA 9 11.5 13,716 23 3 29.9 -18.5 Borghesi Colombo e Associati 9 11.1 4,332 1 - - 11.1 Mizuho Financial Group Inc 10 7.2 8,600 5 74 - 7.2 Mediobanca SpA 9 11.1 4,332 4 25 1.2 9.9 Raine Group LLC 10 7.2 8,600 1 - - 7.2 Rothschild & Co 11 11.0 4,287 22 10 17.4 -6.4 JPMorgan Chase & Co 12 7.0 8,396 14 2 32.4 -25.4 PricewaterhouseCoopers LLP 12 6.5 2,527 8 30 0.4 6.2 Deutsche Bank AG 13 6.3 7,508 5 11 17.1 -10.8 UBS AG 13 6.1 2,363 4 16 9.5 -3.4 HSBC Bank PLC 14 4.8 5,776 9 16 10.1 -5.3 BNP Paribas SA 14 5.1 1,996 11 7 25.6 -20.5 Evercore Partners Inc 15 4.3 5,185 4 28 0.6 3.8 Jefferies LLC 15 4.7 1,820 4 27 1.1 3.6 Natixis SA 16 4.1 4,947 7 55 0.1 4.0 Barclays PLC 16 4.7 1,814 6 5 30.2 -25.5 RBC Capital Markets 17 3.0 3,530 8 53 0.1 2.8 Nomura Holdings Inc 17 3.9 1,517 3 20 3.1 0.8 Maybank 18 2.9 3,439 1 - - 2.9 JC Flowers & Co LLC 18 3.0 1,171 1 26 1.2 1.8 Citigroup Inc 19 2.6 3,063 6 8 25.7 -23.1 Goldman Sachs & Co 19 2.9 1,116 3 4 37.2 -34.3 Barclays PLC 20 2.2 2,658 12 15 10.6 -8.4 Banco Bilbao Vizcaya Argentaria SA 20 2.4 918 2 - - 2.4 TOTAL 119,813 1,268 97,928 TOTAL 38,870 556 75,619

Benelux Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 Iberia Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Credit Suisse Group AG 1 13.2 7,833 9 9 12.2 1.0 Banco Santander SA 1 28.4 12,931 14 14 2.9 25.4 Lazard Ltd 2 11.6 6,925 16 5 48.2 -36.6 Goldman Sachs & Co 2 20.1 9,167 5 8 15.3 4.8 Rothschild & Co 3 10.9 6,488 24 6 40.2 -29.3 BNP Paribas SA 3 18.0 8,216 8 17 2.7 15.3 Goldman Sachs & Co 4 8.6 5,139 7 3 53.3 -44.7 Bank of America Merrill Lynch 4 13.4 6,099 4 11 9.6 3.7 BNP Paribas SA 5 7.7 4,570 19 8 12.4 -4.7 Deutsche Bank AG 5 13.1 5,989 3 3 26.3 -13.1 JPMorgan Chase & Co 6 7.3 4,340 5 1 63.0 -55.8 Citigroup Inc 6 13.0 5,923 8 7 17.6 -4.6 Deutsche Bank AG 7 7.0 4,172 4 13 7.3 -0.3 Morgan Stanley 7 10.7 4,855 5 6 19.9 -9.2 UBS AG 8 6.6 3,898 6 33 0.4 6.2 Banco Bilbao Vizcaya Argentaria SA 8 10.3 4,688 18 25 1.3 9.0 Barclays PLC 9 6.3 3,746 3 11 10.2 -3.9 Credit Agricole Corporate & Investment Bank SA 9 3.9 1,774 3 - - 3.9 Morgan Stanley 10 5.8 3,419 7 2 55.8 -50.1 KPMG Corporate Finance LLC 10 3.8 1,750 31 9 11.9 -8.1 Perella Weinberg Partners LP 11 4.2 2,502 1 82 - 4.2 Societe Generale SA 11 3.5 1,574 1 24 1.4 2.0 Evercore Partners Inc 12 4.1 2,462 8 15 1.9 2.3 PricewaterhouseCoopers LLP 12 3.4 1,541 30 13 3.3 0.1 Jefferies LLC 13 3.6 2,158 2 17 1.2 2.4 JPMorgan Chase & Co 13 3.2 1,466 3 21 1.9 1.3 Citigroup Inc 14 3.3 1,956 10 22 0.8 2.5 Credit Suisse Group AG 14 1.8 796 4 5 21.1 -19.3 Cooperatieve Rabobank UA 15 3.1 1,818 25 32 0.5 2.6 Caixa Banco de Investimento SA 15 1.5 668 3 16 2.8 -1.3 Bank of America Merrill Lynch 16 2.4 1,444 4 4 52.8 -50.3 Deloitte Touche Tohmatsu ILA Group Ltd 16 0.8 376 3 36 0.2 0.7 Bridge Street Securities LLC 17 2.3 1,375 1 - - 2.3 Barclays PLC 17 0.7 339 3 19 2.5 -1.8 Ernst & Young 18 1.9 1,157 10 25 0.7 1.2 Banco de Chile 18 0.7 337 1 - - 0.7 LionTree Advisors LLC 19 1.9 1,114 1 16 1.4 0.5 Banco Itau BBA SA 19 0.7 318 2 - - 0.7 Robey Warshaw LLP 19 1.9 1,114 1 7 37.6 -35.7 ING Groep NV 20 0.7 295 3 - - 0.7 TOTAL 59,484 1,066 211,057 TOTAL 45,590 570 54,587

10 Nordic Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 Eastern Europe Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Bank of America Merrill Lynch 1 21.4 16,533 10 6 19.0 2.4 Goldman Sachs & Co 1 14.9 4,399 5 23 0.3 14.6 Morgan Stanley 2 17.6 13,562 10 5 25.5 -7.9 China Renaissance Partners 2 11.2 3,300 1 26 0.2 11.0 Rothschild & Co 3 16.5 12,702 13 12 7.1 9.4 Deutsche Bank AG 3 6.4 1,876 4 14 2.5 3.9 Svenska Handelsbanken AB 4 16.3 12,554 13 33 0.5 15.8 UBS AG 4 5.4 1,602 4 19 0.9 4.5 Skandinaviska Enskilda Banken AB 5 15.6 12,020 20 11 7.2 8.4 Citigroup Inc 5 4.4 1,293 6 5 10.5 -6.2 Centerview Partners LLC 6 12.9 9,975 1 - - 12.9 Bank of America Merrill Lynch 6 3.7 1,083 4 10 3.7 -0.1 Goldman Sachs & Co 7 12.9 9,928 13 4 29.6 -16.7 Morgan Stanley 7 3.5 1,017 3 6 7.8 -4.3 Mizuho Financial Group Inc 8 11.2 8,600 1 63 - 11.2 VTB Capital JSC 8 3.1 925 9 2 17.4 -14.2 Raine Group LLC 8 11.2 8,600 1 63 - 11.2 KPMG Corporate Finance LLC 9 2.7 807 11 28 0.1 2.6 Nordea Bank AB 10 7.2 5,545 14 18 1.9 5.3 Standard Chartered Bank 10 2.3 689 1 - - 2.3 JPMorgan Chase & Co 11 6.8 5,230 11 3 30.4 -23.6 JPMorgan Chase & Co 11 2.3 680 5 1 20.1 -17.8 Lazard Ltd 12 6.6 5,105 8 15 4.6 2.0 UniCredit SpA 12 1.1 309 11 11 3.6 -2.5 Jefferies LLC 13 6.1 4,722 9 40 0.2 6.0 PricewaterhouseCoopers LLP 13 1.0 297 9 30 0.1 0.9 Citigroup Inc 14 5.7 4,393 7 2 30.9 -25.2 Jamieson Corporate Finance LLP 14 0.9 270 1 - - 0.9 Credit Suisse Group AG 15 5.5 4,217 6 7 18.9 -13.4 Ernst & Young 15 0.8 241 9 12 3.5 -2.7 Barclays PLC 16 4.9 3,760 9 34 0.5 4.4 Rothschild & Co 16 0.6 188 11 15 1.8 -1.2 Deutsche Bank AG 17 3.8 2,953 5 1 31.2 -27.4 Barclays PLC 17 0.5 158 1 9 4.4 -3.8 Carnegie Fondkommission AB 18 3.6 2,784 16 47 0.1 3.5 Societe Generale SA 18 0.5 137 2 7 6.3 -5.8 Moelis & Co 19 3.5 2,734 5 26 0.7 2.8 Bank of Nova Scotia/The 19 0.4 125 2 - - 0.4 Arctic Securities AS 20 2.7 2,084 4 37 0.2 2.5 Grant Thornton International Ltd 20 0.3 98 1 - - 0.3 TOTAL 77,127 1,334 59,916 TOTAL 29,461 739 47,042

Africa/ME Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Credit Suisse Group AG 1 21.5 19,561 6 15 2.4 19.1 UBS AG 2 18.1 16,483 8 26 1.0 17.2 Goldman Sachs & Co 3 14.9 13,563 7 4 11.2 3.7 JPMorgan Chase & Co 4 14.4 13,147 10 1 48.9 -34.4 Raine Group LLC 5 9.2 8,400 2 - - 9.2 Rothschild & Co 6 7.1 6,475 11 9 4.8 2.3 Barclays PLC 7 5.2 4,769 6 2 42.0 -36.8 Ernst & Young 8 4.8 4,412 9 13 2.7 2.1 Centerview Partners LLC 9 4.8 4,400 1 20 1.7 3.2 CODE Advisors LLC 9 4.8 4,400 1 - - 4.8 Deutsche Bank AG 11 4.6 4,143 4 21 1.3 3.3 KKR & Co LP 12 4.4 4,000 1 - - 4.4 Guotai Junan Securities Co Ltd 13 4.1 3,713 2 - - 4.1 Jefferies LLC 14 3.8 3,470 9 16 2.4 1.4 Grant Samuel Securities Pty Ltd 15 3.1 2,865 3 - - 3.1 Gresham Partners Ltd 15 3.1 2,865 2 - - 3.1 Citigroup Inc 17 2.8 2,553 7 8 5.1 -2.3 CBRE Capital Advisors Inc 18 2.8 2,507 1 - - 2.8 JLL Partners Inc 18 2.8 2,507 1 68 0.1 2.7 Macquarie Group Ltd 20 2.0 1,777 2 36 0.2 1.7 TOTAL 91,092 1,084 109,015

11 APAC M&A Regional Review APAC M&A: Quarterly Volume $600 6000 • M&A activity targeting the APAC region for the first 3Q2016 decreased 6.6% to $641.9 billion compared to the same period last year. The decline was largely attributable to a 5.4% decrease in Greater China’s $400 4000 inbound activity to $351.7 billion. $200 2000 • Cross border deals drove the momentum for deal activity in the APAC region, accounting for 49.7% of $0 0 the total volume in the first 3Q2016. Outbound activity in the Greater China region hit a new high of $203.0 billion, representing a 142.8% increase from the same period last year. • Softbank Group Corp’s announced acquisition of ARM Holdings PLC was both the largest acquisition Volume $(Bln.) Deal Count involving an APAC country in 3Q2016 and the largest cross border takeover of a European company by a Japanese company to date. Australia/NZ M&A: Quarterly Volume $60 600

$40 400 APAC M&A: Highlights of 1st 3Q2016 Total Value $20 200 Summary Date Target Acquirer Seller (Mln.) Number of deals 8,549 Jinan Diesel Engine Co China National Petroleum $0 0 9/5/2016 CNPC Capital Co Ltd $14,480.3 Volume (Bln.) $642.0 Ltd Corp Avg Deal Size (Mln.) $75.1 Wuhan Iron & Steel Co Baoshan Iron & Steel Co 9/22/2016 - $10,432.9 Ltd Ltd Volume $(Bln.) Deal Count Top Adviser Greater China M&A: Quarterly Volume 5/24/2016 RHB Bank Bhd (Shareholders) - $9,868.1 Morgan Stanley $300 2000 Number of deals 46 1500 3/15/2016 Asciano Ltd Multiple Acquirers - $9,405.8 $200

Volume (Bln.) $72.1 Global M&A Review | 1st 3Q2016 1000 Avg Deal Size (Bln.) $1.6 $100 8/11/2016 Aditya Birla Nuvo Ltd Grasim Industries Ltd - $7,929.8 500 $0 0 APAC M&A: Breakdown Amount % Change % YoY Volume $(Bln.) Deal Count APAC Industry Breakdown Financial Deal Type (Bln.) Deal Count Change 2% Industrial Company Takeover $326.5 -0.5% -10.3% Japan M&A: Quarterly Volume 3% 3% Consumer Cyclical Cross Border $196.9 1.9% -9.8% $100 1000 6% Consumer Non-cyclical Private Equity $108.2 -0.5% 8.4% 27% Communications Asset Sale $80.0 3.5% 9.0% 8% $50 500 Basic Materials Tender Offer $30.9 2.5% 83.8% 10% Venture Capital $41.3 -3.0% 38.8% Technology 17% Spin-off $14.2 2.0% -44.8% $0 0 11% Energy 13% Minority Purchase $131.4 10.0% 13.2% Diversified Majority Purchase $89.3 0.3% -4.7% Volume $(Bln.) Deal Count Utilities Graphs represent any regional involvement (target, seller, or acquirer). 12 APAC Ex-Japan Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 APAC Ex-Japan Announced Deals (Target or Seller) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE China International Capital Corp Ltd 1 15.0 119,322 28 19 3.5 11.6 China International Capital Corp Ltd 1 10.2 61,277 25 16 4.2 6.0 Goldman Sachs & Co 2 14.1 112,409 63 1 16.3 -2.1 Goldman Sachs & Co 2 8.1 48,835 48 1 16.0 -7.9 JPMorgan Chase & Co 3 13.1 104,045 42 2 13.2 -0.1 CITIC Securities Co Ltd 3 8.0 48,142 24 8 7.7 0.3 Credit Suisse Group AG 4 12.7 100,646 47 5 12.7 - Morgan Stanley 4 7.9 47,194 33 5 10.1 -2.2 Morgan Stanley 5 10.5 83,459 51 3 12.8 -2.4 Credit Suisse Group AG 5 7.5 45,213 36 4 10.4 -2.9 UBS AG 6 10.2 80,785 41 15 4.8 5.3 JPMorgan Chase & Co 6 6.1 36,810 26 9 7.6 -1.4 HSBC Bank PLC 7 8.1 64,750 19 8 10.0 -1.9 UBS AG 7 4.9 29,518 27 18 3.5 1.5 CITIC Securities Co Ltd 8 6.6 52,700 28 10 6.3 0.3 China Securities Co Ltd 8 4.4 26,584 25 39 0.9 3.6 China Construction Bank Corp 9 6.1 48,745 15 145 0.0 6.1 Huatai Securities Co Ltd 9 4.1 24,552 27 15 4.3 -0.2 China CITIC Bank Corp Ltd 10 5.8 46,312 1 - - 5.8 Bank of America Merrill Lynch 10 3.6 21,611 20 10 6.7 -3.1 Bank of America Merrill Lynch 11 5.2 41,599 30 6 12.1 -6.9 Gresham Partners Ltd 11 3.5 20,656 10 36 1.0 2.4 Citigroup Inc 12 4.8 37,913 48 4 12.7 -7.9 Citigroup Inc 12 3.3 19,850 29 6 8.4 -5.1 China Securities Co Ltd 13 3.3 26,584 25 44 0.7 2.6 Macquarie Group Ltd 13 2.9 17,600 34 13 5.6 -2.6 Huatai Securities Co Ltd 14 3.2 25,332 29 18 3.6 -0.4 JM Financial Ltd 14 2.4 14,161 19 17 3.7 -1.3 Gresham Partners Ltd 15 2.6 20,656 10 35 1.1 1.5 HSBC Bank PLC 15 2.2 13,346 10 3 10.7 -8.5 Mizuho Financial Group Inc 16 2.4 19,454 13 24 2.3 0.2 Grant Samuel Securities Pty Ltd 16 2.1 12,653 9 22 2.4 -0.3 Macquarie Group Ltd 17 2.3 18,059 38 11 6.0 -3.7 China Merchants Securities Co Ltd 17 2.1 12,596 18 29 1.6 0.5 Deutsche Bank AG 18 2.1 16,384 24 7 11.5 -9.4 Kotak Mahindra Bank Ltd 18 2.1 12,396 14 99 0.1 2.0 Grant Samuel Securities Pty Ltd 19 1.9 15,066 10 26 2.0 -0.1 Southwest Securities Co Ltd 19 2.1 12,285 10 25 2.3 -0.2 JM Financial Ltd 20 1.8 14,161 19 21 3.0 -1.2 Rothschild & Co 20 1.4 8,596 18 40 0.8 0.6 TOTAL 795,803 8,604 802,687 TOTAL 599,591 7,267 657,157

APAC Private Equity (Any Involvement) 01/01/2016 - 09/30/2016 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE JPMorgan Chase & Co 1 17.4 32,311 17 1 20.3 -3.0 Credit Suisse Group AG 2 16.5 30,708 16 7 8.7 7.8 Goldman Sachs & Co 3 16.2 30,198 28 11 7.0 9.3 Gresham Partners Ltd 4 10.6 19,673 6 31 1.3 9.2 Morgan Stanley 5 10.1 18,879 18 3 17.2 -7.1 UBS AG 6 8.7 16,157 14 6 9.2 -0.5 Citigroup Inc 7 6.9 12,836 18 2 17.9 -11.0 Macquarie Group Ltd 8 6.8 12,669 10 10 7.5 -0.7 Grant Samuel Securities Pty Ltd 9 6.6 12,270 3 - - 6.6 China International Capital Corp Ltd 10 4.3 8,000 2 26 1.6 2.7 Lazard Ltd 11 3.8 7,043 9 25 1.7 2.1 Moelis & Co 12 3.7 6,917 7 8 7.7 -4.0 Banco Bradesco BBI SA 13 2.8 5,200 1 - - 2.8 Banco Santander SA 13 2.8 5,200 1 49 0.4 2.4 Barclays PLC 15 2.8 5,112 7 15 4.8 -2.0 Centerview Partners LLC 16 2.6 4,880 2 19 2.6 0.0 China Renaissance Partners 17 2.5 4,692 7 18 3.1 -0.6 CODE Advisors LLC 18 2.4 4,400 1 - - 2.4 Raine Group LLC 18 2.4 4,400 2 110 - 2.4 Allen & Co Inc 20 2.3 4,184 3 - - 2.3 TOTAL 186,215 1,905 161,884

13 AU & NZ Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 Japan Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Gresham Partners Ltd 1 31.0 20,656 10 12 9.6 21.4 Mizuho Financial Group Inc 1 34.7 57,349 78 3 21.2 13.4 Credit Suisse Group AG 2 30.3 20,235 13 8 11.5 18.8 Morgan Stanley 2 25.9 42,792 33 2 27.4 -1.5 Macquarie Group Ltd 3 27.1 18,059 37 1 27.9 -0.9 Raine Group LLC 3 23.4 38,725 2 64 - 23.4 Goldman Sachs & Co 4 26.5 17,688 18 13 9.3 17.2 Lazard Ltd 4 22.5 37,174 8 7 13.2 9.2 Grant Samuel Securities Pty Ltd 5 22.6 15,066 10 4 17.8 4.8 Goldman Sachs & Co 5 21.8 35,982 10 4 20.6 1.1 UBS AG 6 19.7 13,165 14 2 25.6 -5.9 UBS AG 6 18.9 31,304 3 25 1.4 17.6 JPMorgan Chase & Co 7 16.2 10,813 6 7 15.3 0.9 Robey Warshaw LLP 7 18.2 30,125 1 - - 18.2 Morgan Stanley 8 13.1 8,729 5 9 10.0 3.0 Nomura Holdings Inc 8 17.0 28,157 82 1 27.5 -10.5 Citigroup Inc 9 7.9 5,279 12 10 10.0 -2.1 JPMorgan Chase & Co 9 10.2 16,818 9 5 16.8 -6.6 Deutsche Bank AG 10 6.1 4,047 7 5 15.9 -9.8 Bank of America Merrill Lynch 10 7.8 12,829 11 6 14.3 -6.6 Moelis & Co 11 2.6 1,716 6 6 15.8 -13.2 Sumitomo Mitsui Financial Group Inc 11 6.2 10,297 66 10 10.7 -4.5 Lazard Ltd 12 2.5 1,667 6 17 7.0 -4.6 Daiwa Securities Group Inc 12 4.8 7,863 50 18 4.0 0.8 Bank of America Merrill Lynch 13 2.4 1,597 4 3 24.1 -21.7 Credit Suisse Group AG 13 3.8 6,234 3 13 7.2 -3.5 CITIC Securities Co Ltd 14 2.0 1,344 1 - - 2.0 Deutsche Bank AG 14 2.3 3,856 2 15 5.0 -2.7 RBC Capital Markets 15 1.6 1,086 5 28 1.2 0.4 China International Capital Corp Ltd 15 2.1 3,500 1 - - 2.1 Nomura Holdings Inc 16 1.5 984 4 46 0.3 1.2 Rothschild & Co 16 2.1 3,416 7 14 6.4 -4.3 KPMG Corporate Finance LLC 17 1.5 965 7 41 0.5 0.9 Citigroup Inc 17 2.0 3,309 5 8 12.3 -10.3 Greenhill & Co Inc 18 1.3 846 3 22 2.5 -1.2 Wells Fargo & Co 18 1.9 3,055 1 - - 1.9 Guosen Securities Co Ltd 19 1.1 755 1 - - 1.1 Foros LLC 19 1.8 3,002 1 - - 1.8 Ernst & Young 20 1.1 751 5 36 0.8 0.3 Barclays PLC 20 1.5 2,434 4 22 1.8 -0.3 TOTAL 66,718 1,334 89,576 TOTAL 165,465 2,319 133,056

South Korea Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 China Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Credit Suisse Group AG 1 10.7 5,340 5 3 38.3 -27.6 China International Capital Corp Ltd 1 23.2 119,322 28 6 7.2 16.0 Mirae Asset Daewoo Co Ltd 2 9.0 4,497 3 - - 9.0 Goldman Sachs & Co 2 18.8 96,630 25 8 6.0 12.7 Morgan Stanley 3 7.6 3,786 5 1 40.9 -33.3 JPMorgan Chase & Co 3 14.1 72,718 20 2 10.7 3.4 PricewaterhouseCoopers LLP 4 7.0 3,506 19 4 37.0 -29.9 UBS AG 4 13.8 70,846 20 22 2.1 11.7 Ernst & Young 5 6.1 3,024 7 16 0.9 5.2 Credit Suisse Group AG 5 13.1 67,360 15 11 4.3 8.8 Samsung Securities Co Ltd 6 3.8 1,885 5 8 12.3 -8.5 HSBC Bank PLC 6 10.7 55,051 9 9 5.4 5.3 Bank of America Merrill Lynch 7 2.5 1,251 2 18 0.8 1.8 CITIC Securities Co Ltd 7 9.6 49,562 25 1 13.3 -3.7 Mizuho Financial Group Inc 8 2.3 1,167 1 - - 2.3 China Construction Bank Corp 8 9.3 47,599 8 95 0.1 9.2 Goldman Sachs & Co 9 1.9 926 5 2 40.2 -38.3 China CITIC Bank Corp Ltd 9 9.0 46,312 1 - - 9.0 JPMorgan Chase & Co 10 1.6 777 2 11 3.3 -1.8 Morgan Stanley 10 8.8 45,143 24 7 6.6 2.2 Standard Chartered Bank 11 1.5 764 2 17 0.8 0.8 China Securities Co Ltd 11 5.1 26,485 24 26 1.6 3.6 Citigroup Inc 12 1.4 689 1 5 35.8 -34.4 Huatai Securities Co Ltd 12 4.9 25,303 26 5 7.6 -2.6 Barclays PLC 13 1.1 547 1 9 6.1 -5.0 Bank of America Merrill Lynch 13 4.3 22,142 10 4 7.6 -3.3 Nomura Holdings Inc 14 1.1 528 2 19 0.6 0.5 Citigroup Inc 14 3.7 18,800 18 18 3.1 0.6 Goulston & Storrs PC 15 0.6 305 1 - - 0.6 GF Securities Co Ltd 15 2.6 13,330 22 13 4.0 -1.4 Business Development Asia LLC 16 0.5 256 1 - - 0.5 Raine Group LLC 16 2.5 13,000 3 - - 2.5 G2 Capital Advisors LLC 17 0.5 230 1 - - 0.5 China Merchants Securities Co Ltd 17 2.5 12,596 18 20 2.7 -0.3 Reimei Global Advisors Pte Ltd 18 0.4 186 1 - - 0.4 Southwest Securities Co Ltd 18 2.4 12,285 10 14 3.9 -1.5 Cowen & Co LLC 19 0.1 67 1 - - 0.1 Lazard Ltd 19 2.3 11,586 14 16 3.3 -1.1 Raymond James & Associates Inc 20 0.1 54 1 - - 0.1 Deutsche Bank AG 20 2.1 10,577 13 15 3.4 -1.3 TOTAL 49,843 1,228 100,885 TOTAL 514,856 2,799 382,853

14 Hong Kong Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 Taiwan Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Morgan Stanley 1 8.9 7,815 7 5 12.8 -3.9 JPMorgan Chase & Co 1 52.0 11,778 3 5 8.9 43.0 Goldman Sachs & Co 2 8.8 7,696 11 1 42.2 -33.4 Morgan Stanley 2 39.5 8,953 4 1 34.0 5.5 JPMorgan Chase & Co 3 5.9 5,141 8 6 10.5 -4.6 Mizuho Financial Group Inc 3 37.1 8,415 2 - - 37.1 Citigroup Inc 4 5.8 5,074 3 10 2.9 2.9 Credit Suisse Group AG 4 28.1 6,363 3 4 11.6 16.5 RBC Capital Markets 5 5.6 4,890 2 10 2.9 2.7 KGI Securities Co Ltd 5 15.5 3,505 6 6 8.8 6.7 Moelis & Co 6 5.1 4,482 3 - - 5.1 Citigroup Inc 6 14.8 3,363 1 2 22.8 -7.9 HSBC Bank PLC 7 5.1 4,456 5 2 39.9 -34.8 Goldman Sachs & Co 7 12.2 2,754 1 9 4.0 8.1 Centerview Partners LLC 8 5.0 4,400 1 - - 5.0 Yuanta Securities Co Ltd 8 3.2 721 3 8 4.1 -0.9 CODE Advisors LLC 8 5.0 4,400 1 - - 5.0 Nomura Holdings Inc 9 2.9 649 2 - - 2.9 Raine Group LLC 8 5.0 4,400 2 - - 5.0 Barclays PLC 10 2.8 642 1 - - 2.8 Somerley Group Ltd 11 4.9 4,306 14 3 35.4 -30.5 Australia & New Zealand Banking Group Ltd 10 2.8 642 1 - - 2.8 Bank of America Merrill Lynch 12 4.7 4,133 3 14 2.5 2.2 China Securities Co Ltd 12 2.6 598 1 - - 2.6 Guggenheim Capital LLC 13 4.1 3,550 1 - - 4.1 RBC Capital Markets 13 2.4 536 2 - - 2.4 BaoQiao Partners Capital Ltd 14 3.5 3,067 3 - - 3.5 Wells Fargo & Co 14 1.1 246 1 - - 1.1 Quam Securities Co Ltd 15 3.2 2,802 3 40 0.2 3.0 Moelis & Co 15 0.9 196 1 - - 0.9 TC Capital Advisory Ltd 16 3.2 2,790 5 - - 3.2 Evercore Partners Inc 15 0.9 196 1 - - 0.9 Donvex Capital Ltd 17 3.2 2,768 2 - - 3.2 PricewaterhouseCoopers LLP 17 0.7 161 3 3 13.3 -12.6 Credit Suisse Group AG 18 2.9 2,560 3 13 2.7 0.2 KPMG Corporate Finance LLC 18 0.5 105 1 12 0.7 -0.3 China Construction Bank Corp 19 2.3 1,977 13 38 0.2 2.0 Skandinaviska Enskilda Banken AB 19 0.2 54 1 - - 0.2 BMO Capital Markets Corp/Toronto 20 2.2 1,940 2 94 - 2.2 Huatai Securities Co Ltd 20 0.1 30 2 - - 0.1 TOTAL 87,487 1,100 130,550 TOTAL 22,671 179 15,958

SE Asia Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 India Announced Deals (Any Involvement) 01/01/2016 - 09/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE JPMorgan Chase & Co 1 23.6 28,099 12 2 39.5 -15.9 JM Financial Ltd 1 27.8 14,161 19 1 43.8 -16.0 Goldman Sachs & Co 2 17.7 21,055 15 16 4.9 12.8 Kotak Mahindra Bank Ltd 2 24.4 12,396 14 24 1.2 23.1 Credit Suisse Group AG 3 17.4 20,692 16 3 30.6 -13.2 Bank of America Merrill Lynch 3 16.5 8,419 6 5 7.9 8.7 UBS AG 4 12.6 14,998 9 14 5.5 7.1 Citigroup Inc 4 10.4 5,295 8 4 14.2 -3.7 Grant Samuel Securities Pty Ltd 5 10.3 12,270 3 - - 10.3 Arpwood Capital Pvt Ltd 5 9.1 4,621 3 18 2.1 7.0 Gresham Partners Ltd 5 10.3 12,270 3 - - 10.3 Morgan Stanley 6 8.4 4,269 4 6 6.4 2.0 Morgan Stanley 7 10.0 11,958 10 9 7.9 2.2 Ernst & Young 7 7.7 3,922 23 7 6.1 1.6 Macquarie Group Ltd 8 9.4 11,183 4 43 0.2 9.2 SR Batliboi & Co 8 7.1 3,611 6 - - 7.1 Maybank 9 5.1 6,074 6 26 0.7 4.5 Standard Chartered Bank 9 6.3 3,218 6 13 3.0 3.4 Citigroup Inc 10 4.8 5,766 10 4 29.2 -24.4 CITIC Securities Co Ltd 10 6.2 3,138 3 - - 6.2 Credit Agricole Corporate & Investment Bank SA 11 4.8 5,674 3 49 0.2 4.6 Haribhakti & Co/India 10 6.2 3,138 1 - - 6.2 HSBC Bank PLC 12 4.6 5,444 5 13 6.4 -1.9 Ambit Corporate Finance Pvt Ltd 10 6.2 3,138 4 23 1.3 4.9 Banco Bradesco BBI SA 13 4.4 5,200 1 - - 4.4 Barclays PLC 13 5.1 2,580 4 21 1.6 3.5 Banco Santander SA 13 4.4 5,200 1 - - 4.4 ICICI Bank Ltd 14 5.1 2,576 9 25 1.1 3.9 Rothschild & Co 15 4.2 5,022 8 17 3.5 0.8 Credit Suisse Group AG 15 3.7 1,863 4 12 3.0 0.7 Bank of America Merrill Lynch 16 4.2 4,959 6 1 41.5 -37.3 Deloitte Touche Tohmatsu ILA Group Ltd 16 3.3 1,695 14 30 0.5 2.9 BNP Paribas SA 17 4.1 4,871 4 - - 4.1 UBS AG 17 3.2 1,639 2 46 0.1 3.2 Societe Generale SA 18 2.9 3,439 1 - - 2.9 Jefferies LLC 18 3.2 1,604 3 19 1.8 1.4 Natixis SA 18 2.9 3,439 1 - - 2.9 State Bank of India 19 2.9 1,478 4 59 0.0 2.9 Allen & Co Inc 20 2.9 3,390 2 - - 2.9 BNP Paribas SA 20 2.8 1,400 2 27 0.7 2.1 TOTAL 119,056 1,718 131,460 TOTAL 50,884 1,370 55,254

15 Bloomberg League Criteria

Announced Global League Tables are based upon announced total values, unless otherwise stated in the title. Non-US dollar values are converted to US dollars at the time of announcement.

Credit will be given to transactions in which Bloomberg classifies as mergers, acquisitions, divestitures, self-tenders, or spin-offs.

Regional and industry League Tables will be based on the country of risk and industry of the ultimate publicly traded parent of a privately held company where applicable.

Advisors to any member of an investor group, consortium, or joint venture are eligible for full credit.

Advisory fees hold no weight over advisory credit.

General Database Criteria

A transaction is considered to have been announced upon the release of terms offered by the acquirer, and acknowledgement of the offer by the target company.

Deals that are considered to be in proposed status will not be granted credit.

Full versions of Bloomberg’s League Tables Standards & Guidelines can be accessed on Bloomberg Professional:

{LPHP MA:0:1 2841628}.

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.