GLOBAL EQUITY CAPITAL MARKET LEAGUE TABLES

H1 2017 H1 2017 MANAGER RANKINGS GLOBAL EQUITY, EQUITY LINKED & RIGHTS

CONTENTS Bloomberg’s global equity offerings database consists of nearly 87,000 deals (with approximately 43,000 IPOs and over 43,000 additional offerings), and coverage of more than 500 financial advisors 1. Global market review and 500 legal advisors. 2. US market review LEAG for a full range of league tables 3. Canada market review IPO for Bloomberg’s equity offerings product 4. Latin America market review 5. EMEA market review Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release 6. Asia market review and data found on the Bloomberg Professional Service. 7. Table criteria

DATA SUBMISSIONS AND QUERIES

Contact Phone Email North America Irina Arefyeva +1 646 324 4663 [email protected] EMEA Karan Aswani +44 20 3525 4331 [email protected] Asia Pacific Billy Sun +886 2 77191571 [email protected]

© 2017 Bloomberg Finance L.P. All rights reserved. Bloomberg Global Equity | H1 2017

Global Equity, Equity Linked & Rights: Industry Breakdown

Global Equity Review 8% Financials 35% H1 2017 credited Global Equity, Equity Linked & Rights volume increased 43.76% to USD 371.3 Bln while deal count 5% Consumer Discretionary 11% increased 34.81% to 2,343 offerings year-on-year. Global Equity IPO volume increased 87.62% year-on-year to USD 88.7 7% 35% Industrials 10% Bln while the deal count increased 71.84% to 775. Global Equity Linked volume increased 22.33% year-on-year to USD 48.0 8% Technology 8% Bln over 184 deals. Health Care 8% JP Morgan ranked as the top Global Equity, Equity Linked & Rights underwriter for H1 2017 with 8.59% market share. The 8% bank underwrote 217 deals over the period. Morgan Stanley and Goldman Sachs ranked second and third with 8.01% and 8% Energy 8% 7.44% market share, respectively. 11% 10% Materials 7% Communications 5% Global Equity, Equity Linked & Rights: Highlights of H1 2017 Others 8%

Top Underwriter Issuer Industry Volume (USD Mln) Date UniCredit SpA Financials 13,737 02/23/2017 JP Morgan Deutsche Bank AG Financials 8,657 03/21/2017 Number of deals 217 China Everbright Bank Co Ltd Financials 4,348 03/15/2017 Volume (USD Mln) 31,876 Electricite de France SA Utilities 4,343 03/21/2017 Global Equity, Equity Linked & Rights: Industry Breakdown Avg Deal size (USD Mln) 146.9 Credit Suisse Group AG Financials 4,257 06/07/2017 Market Summary Snap Inc Communications 3,910 03/01/2017 Industry Volume (USD Mln) % Of Total % YOY Change Allied Irish Banks PLC Financials 3,343 06/23/2017 Financials 140,785 34.7% 73.2% Number of deals 2,343 Renesas Electronics Corp Technology 3,177 06/12/2017 Consumer Discretionary 46,181 11.4% 57.8% Volume (USD Mln) 371,262 Lonza Group AG Materials 2,966 05/10/2017 Industrials 38,948 9.6% 72.1% Avg Deal size (USD Mln) 158.5 Barclays Africa Group Ltd Financials 2,909 06/01/2017 Technology 33,503 8.3% 44.1% Health Care 32,309 8.0% 34.5% Energy 31,993 7.9% -31.4% Materials 29,024 7.2% 29.6% Global Equity, Equity Linked & Rights: Quarterly Volume Communications 21,337 5.3% 65.3% Consumer Staples 15,599 3.8% 5.8%

Deal Count Rights Equity-Linked IPO Utilities 15,556 3.8% 6.5%

Add'l 300 1,800

250 1,500 Global Equity, Equity Linked & Rights: Offering Breakdown 200 D D

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

1,000 l l B B C C

D D 150 o o Additional Offerings 194,345 48.3% 27.5% u u S S n n U U t t IPO 95,377 23.7% 96.2% 100 Rights Offerings 57,348 14.2% 81.4% 500 Equity-Linked 55,472 13.8% -4.5%

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Bloomberg League Table Reports Page 1 Bloomberg Global Equity | H1 2017

Global Equity, Equity Linked & Rights Global Equity & Equity Linked H1 2017 H1 2016 H1 2017 H1 2016

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 8.586 31,876 217 1 9.377 -0.791 JP Morgan 1 8.874 29,082 206 1 9.824 -0.950 Morgan Stanley 2 8.014 29,752 223 2 8.080 -0.066 Morgan Stanley 2 8.433 27,637 216 2 8.671 -0.238 Goldman Sachs 3 7.437 27,612 170 3 7.375 0.062 Goldman Sachs 3 7.695 25,219 161 3 7.508 0.187 Citi 4 7.022 26,068 202 4 6.198 0.824 Citi 4 7.354 24,102 195 4 6.416 0.938 Bank of America Merrill Lynch 5 6.477 24,046 176 5 6.040 0.437 Bank of America Merrill Lynch 5 6.630 21,728 169 5 6.022 0.608 UBS 6 4.520 16,780 111 8 3.954 0.566 UBS 6 4.281 14,029 103 8 4.001 0.280 Barclays 7 4.230 15,705 118 9 3.945 0.285 Barclays 7 4.251 13,931 113 9 3.937 0.314 Credit Suisse 8 3.839 14,251 139 6 5.271 -1.432 Deutsche Bank 8 3.818 12,511 111 7 5.069 -1.251 Deutsche Bank 9 3.839 14,251 118 7 5.001 -1.162 Credit Suisse 9 3.747 12,280 133 6 5.509 -1.762 RBC Capital Markets 10 2.423 8,995 88 10 2.714 -0.291 RBC Capital Markets 10 2.529 8,289 86 10 2.972 -0.443 Wells Fargo 11 1.956 7,262 80 15 1.494 0.462 Wells Fargo 11 2.216 7,262 80 14 1.636 0.580 BNP Paribas 12 1.945 7,221 59 13 1.639 0.306 BNP Paribas 12 1.610 5,275 48 15 1.569 0.041 Societe Generale 13 1.384 5,137 37 22 0.825 0.559 Jefferies 13 1.409 4,616 66 18 1.081 0.328 Jefferies 14 1.380 5,123 68 17 1.160 0.220 BMO Capital Markets 14 1.324 4,338 59 13 1.655 -0.331 HSBC 15 1.199 4,452 30 19 0.988 0.211 Nomura 15 1.124 3,683 49 12 1.827 -0.703 BMO Capital Markets 16 1.168 4,338 59 14 1.511 -0.343 Societe Generale 16 1.041 3,411 30 22 0.750 0.291 Nomura 17 0.992 3,683 49 12 1.691 -0.699 Mizuho Financial 17 1.035 3,393 33 19 1.070 -0.035 Mizuho Financial 18 0.914 3,393 33 20 0.977 -0.063 Sumitomo Mitsui Financial 18 0.959 3,142 34 24 0.599 0.360 Sumitomo Mitsui Financial 19 0.846 3,142 34 29 0.547 0.299 TD Securities 19 0.896 2,938 32 11 1.932 -1.036 Banco Santander 20 0.821 3,048 22 33 0.425 0.396 HSBC 20 0.733 2,403 22 20 0.916 -0.183 TOTAL 100% 371,261 2,343 100% TOTAL 100% 327,716 2,218 100%

Global Equity Offerings Global Equity IPO H1 2017 H1 2016 H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Morgan Stanley 1 8.188 22,908 184 3 7.318 0.870 Citi 1 6.905 6,127 60 3 6.274 0.631 Citi 2 7.808 21,845 174 4 6.678 1.130 JP Morgan 2 6.237 5,535 47 2 6.626 -0.389 JP Morgan 3 7.797 21,814 173 1 9.270 -1.473 Deutsche Bank 3 5.350 4,748 39 5 4.240 1.110 Goldman Sachs 4 7.623 21,328 142 2 7.632 -0.009 Goldman Sachs 4 5.089 4,516 37 4 5.019 0.070 Bank of America Merrill Lynch 5 6.865 19,205 145 5 6.410 0.455 Morgan Stanley 5 5.026 4,461 45 1 6.683 -1.657 UBS 6 4.447 12,442 93 8 4.458 -0.011 Credit Suisse 6 4.760 4,224 42 7 2.701 2.059 Barclays 7 4.320 12,087 100 7 4.473 -0.153 Bank of America Merrill Lynch 7 2.913 2,585 30 6 3.844 -0.931 Credit Suisse 8 3.975 11,121 123 6 6.307 -2.332 Barclays 8 2.899 2,572 26 9 2.162 0.737 Deutsche Bank 9 3.733 10,443 97 9 3.900 -0.167 UBS 9 2.440 2,165 17 8 2.643 -0.203 RBC Capital Markets 10 2.680 7,499 76 10 3.279 -0.599 RBC Capital Markets 10 2.028 1,800 20 32 0.856 1.172 Wells Fargo 11 1.816 5,080 67 13 1.842 -0.026 GF Securities 11 1.919 1,703 24 27 1.022 0.897 Jefferies 12 1.334 3,733 60 15 1.238 0.096 Haitong Securities Co Ltd 12 1.213 1,077 24 14 1.461 -0.248 BMO Capital Markets 13 1.196 3,346 49 12 1.949 -0.753 China Merchants Securities 13 1.195 1,060 14 31 0.873 0.322 BNP Paribas 14 1.173 3,283 33 24 0.636 0.537 China International Capital Corp 14 1.191 1,057 12 36 0.742 0.449 Sumitomo Mitsui Financial 15 1.106 3,094 32 25 0.563 0.543 CITIC Securities Co Ltd 15 1.185 1,052 17 15 1.417 -0.232 TD Securities 16 1.025 2,869 27 11 2.269 -1.244 Guosen Securities Co Ltd 16 1.185 1,051 15 50 0.456 0.729 Nomura 17 0.939 2,628 45 18 0.870 0.069 Jefferies 17 1.084 962 21 22 1.118 -0.034 Mizuho Financial 18 0.906 2,536 28 21 0.813 0.093 Nomura 18 1.081 959 21 16 1.416 -0.335 Societe Generale 19 0.808 2,259 20 23 0.664 0.144 China Securities Co Ltd 19 1.070 950 12 20 1.162 -0.092 Stifel 20 0.769 2,152 49 35 0.412 0.357 Guotai Junan Securities Co Ltd 20 1.044 927 14 24 1.078 -0.034 TOTAL 100% 279,765 2,034 100% TOTAL 100% 88,741 775 100%

Bloomberg League Table Reports Page 2 Bloomberg Global Equity | H1 2017

Global Equity Linked H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 15.157 7,268 33 2 12.601 2.556 Morgan Stanley 2 9.863 4,730 32 1 15.460 -5.597 Goldman Sachs 3 8.114 3,891 19 4 6.889 1.225 Bank of America Merrill Lynch 4 5.263 2,524 24 8 4.074 1.189 Citi 5 4.706 2,257 21 7 5.100 -0.394 Wells Fargo 6 4.549 2,181 13 25 0.608 3.941 Deutsche Bank 7 4.312 2,068 14 3 10.935 -6.623 BNP Paribas 8 4.155 1,992 15 6 6.251 -2.096 Barclays 9 3.846 1,844 13 15 1.250 2.596 UBS 10 3.310 1,587 10 11 1.712 1.598 Credit Suisse 11 2.418 1,159 10 12 1.503 0.915 Societe Generale 12 2.403 1,152 10 17 1.184 1.219 Nomura 13 2.200 1,055 4 5 6.628 -4.428 BMO Capital Markets 14 2.070 992 10 49 0.181 1.889 China International Capital Corp 15 2.034 975 3 16 1.187 0.847 Jefferies 16 1.843 884 6 40 0.293 1.550 Mizuho Financial 17 1.788 858 5 9 2.360 -0.572 HSBC 18 1.767 847 7 14 1.421 0.346 RBC Capital Markets 19 1.648 790 10 13 1.428 0.220 Everbright Securities Co 20 1.511 725 1 - - 1.511 TOTAL 100% 47,951 184 100%

Bloomberg League Table Reports Page 3 Bloomberg Global Equity | H1 2017

US Equity & Equity Linked: Industry Breakdown

US Equity Review Financials 31% 10% H1 2017 credited US Equity & Equity Linked volume increased 46.29% to USD 124.2 Bln while deal count increased 60.69% Health Care 14% 10% 31% to 511 offerings year-on-year. US Equity IPO volume increased 259.63% year-on-year to USD 26.0 Bln while the deal count Energy 13% increased 100.00% to 88. US Equity Linked volume increased 196.53% year-on-year to USD 21.7 Bln over 58 deals. Technology 11% JP Morgan ranked as the top US Equity & Equity Linked underwriter for H1 2017 with 11.83% market share. The bank 11% underwrote 138 deals over the period. Morgan Stanley and Bank of America Merrill Lynch ranked second and third with Consumer Discretionary 11% 10.06% and 9.89% market share, respectively. 11% 14% Communications 10% 13% Others 10%

US Equity & Equity Linked: Highlights of H1 2017

Top Underwriter Issuer Industry Volume (USD Mln) Date Snap Inc Communications 3,910 03/01/2017 JP Morgan Becton Dickinson and Co Health Care 2,475 05/10/2017 Number of deals 138 Becton Dickinson and Co Health Care 2,475 05/11/2017 Volume (USD Mln) 14,689 Equinix Inc Financials 2,185 03/08/2017 US Equity & Equity Linked: Industry Breakdown Avg Deal size (USD Mln) 106.4 Williams Cos Inc/The Energy 2,168 01/09/2017 Market Summary Altice USA Inc Communications 2,152 06/21/2017 Industry Volume (USD Mln) % Of Total % YOY Change Microchip Technology Inc Technology 2,070 02/10/2017 Financials 39,682 30.9% 108.1% Number of deals 511 Invitation Homes Inc Financials 1,771 01/31/2017 Health Care 18,235 14.2% 10.6% Volume (USD Mln) 124,169 Healthcare Trust of America Inc Financials 1,557 05/02/2017 Energy 16,503 12.9% -34.1% Avg Deal size (USD Mln) 243.0 Athene Holding Ltd Financials 1,534 03/28/2017 Technology 14,045 11.0% 169.6% Consumer Discretionary 13,947 10.9% 182.2% Communications 12,447 9.7% 951.3% Industrials 5,970 4.7% 414.8% US Equity & Equity Linked: Quarterly Volume Consumer Staples 4,583 3.6% -39.9% Materials 2,830 2.2% -13.2%

Deal Count Equity-Linked Add'l IPO 100 400

80 300 US Equity & Equity Linked: Offering Breakdown

60 D D Offering Type Volume (USD Mln) % Of Total % YOY Change

60 e e n n a a l l l l

B B C C Additional Offerings 77,666 60.6% 8.4% o o D D 200 u u S S

n n IPO 26,448 20.6% 242.9% U U 40 t t 40 Equity-Linked 24,130 18.8% 169.3%

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Bloomberg League Table Reports Page 4 Bloomberg Global Equity | H1 2017

US Equity & Equity Linked US Equity Offerings H1 2017 H1 2016 H1 2017 H1 2016

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 11.830 14,689 138 1 15.672 -3.842 JP Morgan 1 11.382 11,658 117 1 15.024 -3.642 Morgan Stanley 2 10.062 12,493 114 7 6.330 3.732 Morgan Stanley 2 10.068 10,313 94 7 6.263 3.805 Bank of America Merrill Lynch 3 9.887 12,277 117 4 9.973 -0.086 Citi 3 9.786 10,024 90 3 10.335 -0.549 Goldman Sachs 4 9.728 12,079 93 2 12.600 -2.872 Bank of America Merrill Lynch 4 9.621 9,854 94 4 9.998 -0.377 Citi 5 9.018 11,197 101 3 10.222 -1.204 Goldman Sachs 5 9.593 9,826 80 2 12.329 -2.736 Barclays 6 7.417 9,210 76 6 8.049 -0.632 Barclays 6 7.783 7,972 65 6 8.687 -0.904 Credit Suisse 7 6.118 7,596 84 5 9.142 -3.024 Credit Suisse 7 6.539 6,698 76 5 9.764 -3.225 Wells Fargo 8 5.752 7,142 75 8 4.530 1.222 Wells Fargo 8 4.843 4,961 62 8 4.651 0.192 Deutsche Bank 9 4.050 5,029 52 9 3.468 0.582 Deutsche Bank 9 4.583 4,694 47 9 3.489 1.094 RBC Capital Markets 10 3.182 3,951 55 10 2.641 0.541 RBC Capital Markets 10 3.304 3,384 49 11 2.261 1.043 Jefferies 11 2.246 2,789 42 12 1.711 0.535 UBS 11 2.312 2,368 34 10 2.439 -0.127 UBS 12 2.070 2,570 39 11 2.337 -0.267 Jefferies 12 1.860 1,905 36 13 1.724 0.136 BMO Capital Markets 13 1.573 1,954 25 13 1.600 -0.027 Stifel 13 1.516 1,553 41 20 0.553 0.963 Stifel 14 1.345 1,670 43 20 0.641 0.704 Cowen & Co 14 1.245 1,275 28 18 0.655 0.590 Cowen & Co 15 1.142 1,419 29 19 0.650 0.492 BMO Capital Markets 15 1.154 1,182 18 12 1.752 -0.598 BNP Paribas 16 1.014 1,259 8 46 0.068 0.946 Raymond James & Associates 16 1.134 1,161 31 16 0.915 0.219 Raymond James & Associates 17 0.970 1,205 32 18 0.836 0.134 Cantor Fitzgerald 17 1.082 1,109 15 63 0.014 1.068 Cantor Fitzgerald 18 0.893 1,109 15 64 0.012 0.881 Robert W Baird & Co 18 1.055 1,081 21 24 0.389 0.666 Robert W Baird & Co 19 0.870 1,081 21 25 0.356 0.514 Sandler O'Neill & Partners 19 0.886 908 15 28 0.196 0.690 SunTrust Robinson Humphrey 20 0.792 983 19 14 1.337 -0.545 BNP Paribas 20 0.732 750 4 - - 0.732 TOTAL 100% 124,169 511 100% TOTAL 100% 102,429 453 100%

US Equity IPO US Equity Linked H1 2017 H1 2016 H1 2017 H1 2016

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 11.503 2,991 32 5 8.172 3.331 JP Morgan 1 13.942 3,031 21 1 22.529 -8.587 Goldman Sachs 2 10.570 2,749 24 4 9.242 1.328 Bank of America Merrill Lynch 2 11.145 2,423 23 3 9.700 1.445 Deutsche Bank 3 10.021 2,606 19 3 9.631 0.390 Goldman Sachs 3 10.362 2,253 13 2 15.470 -5.108 Credit Suisse 4 9.942 2,585 26 6 7.407 2.535 Wells Fargo 4 10.033 2,181 13 8 3.249 6.784 Morgan Stanley 5 8.832 2,297 22 7 6.524 2.308 Morgan Stanley 5 10.030 2,181 20 5 7.040 2.990 Citi 6 8.235 2,141 26 1 12.434 -4.199 Barclays 6 5.694 1,238 11 16 1.307 4.387 Barclays 7 6.505 1,692 16 8 4.609 1.896 Citi 7 5.398 1,174 11 4 9.033 -3.635 Bank of America Merrill Lynch 8 4.801 1,248 18 2 9.763 -4.962 Credit Suisse 8 4.132 898 8 11 2.562 1.570 RBC Capital Markets 9 4.020 1,045 15 13 2.182 1.838 Jefferies 9 4.065 884 6 14 1.569 2.496 Wells Fargo 10 3.262 848 15 9 4.576 -1.314 BMO Capital Markets 10 3.550 772 7 - - 3.550 Allen & Co 11 2.753 716 4 - - 2.753 HSBC 11 2.651 576 4 - - 2.651 Cantor Fitzgerald 12 1.923 500 2 - - 1.923 RBC Capital Markets 12 2.607 567 6 6 6.661 -4.054 Cowen & Co 13 1.671 434 7 11 2.596 -0.925 BNP Paribas 13 2.344 510 4 18 0.784 1.560 Stifel 14 1.581 411 10 15 1.497 0.084 US Bancorp 14 2.028 441 2 - - 2.028 UBS 15 1.337 348 6 14 1.793 -0.456 Mitsubishi UFJ Financial Group Inc 15 1.729 376 2 8 3.249 -1.520 Macquarie 16 1.260 328 3 18 1.145 0.115 Deutsche Bank 16 1.540 335 5 8 3.249 -1.709 Sandler O'Neill & Partners 17 1.020 265 3 24 0.637 0.383 SunTrust Robinson Humphrey 17 1.439 313 5 12 2.148 -0.709 Credit Agricole CIB 18 0.827 215 1 - - 0.827 Leerink Partners LLC 18 1.256 273 2 - - 1.256 BNP Paribas 18 0.827 215 1 - - 0.827 Mizuho Financial 19 0.936 203 3 7 4.910 -3.974 Jefferies 20 0.782 203 8 10 3.941 -3.159 UBS 20 0.930 202 5 17 1.255 -0.325 TOTAL 100% 26,003 88 100% TOTAL 100% 21,740 58 100%

Bloomberg League Table Reports Page 5 Bloomberg Global Equity | H1 2017

Canada Equity, Equity Linked & Preferred: Quarterly Volume

Deal Count Amount Canada Equity Review 20 400 H1 2017 credited Canada Equity, Equity Linked & Preferred volume decreased 5.28% to CAD 29.3 Bln while deal count 15 300

increased 39.22% to 284 offerings year-on-year. Canada Equity IPO volume increased 1,517.65% year-on-year to CAD 3.6 D D e e n n a a l l l l B B

Bln while the deal count increased 86.67% to 28. Canada Equity Offerings volume decreased 3.54% year-on-year to CAD C C

D D 10 200 o o u u A A n n

26.1 Bln over 257 deals. C C t t RBC Capital Markets ranked as the top Canada Equity, Equity Linked & Preferred underwriter for H1 2017 with 20.77% 5 100 market share. The bank underwrote 37 deals over the period. TD Securities and BMO Capital Markets ranked second and

third with 15.74% and 12.73% market share, respectively. 0 0 122 133 144 155 166 177 001 001 001 001 001 001 22 22 22 22 22 22 22 22 22 22 22 22 QQ QQ QQ QQ QQ QQ

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Canada Equity, Equity Linked & Preferred Canada Equity, Equity Linked & Preferred: Industry Breakdown H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Energy 35% 12% RBC Capital Markets 1 20.772 6,084 37 1 20.838 -0.066 Financials 20% TD Securities 2 15.737 4,609 42 2 20.034 -4.297 8% 35% Materials 13% BMO Capital Markets 3 12.732 3,729 45 5 12.100 0.632 CIBC 4 8.787 2,573 38 3 14.902 -6.115 Utilities 11% 11% JP Morgan 5 8.103 2,373 2 7 3.102 5.001 Consumer Discretionary 8% Scotiabank 6 6.702 1,963 21 4 12.219 -5.517 National Bank Financial Inc 7 5.247 1,537 26 6 5.084 0.163 13% Others 12% Canaccord Genuity 8 2.699 790 50 15 0.484 2.215 20% GMP Securities 9 1.874 549 21 9 2.047 -0.173 Credit Suisse 10 1.762 516 3 10 1.240 0.522 TOTAL 100% 29,288 284 100%

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

H1 2017 H1 2016 2017 2016 2015 25 Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

) 20

RBC Capital Markets 1 21.122 5,763 31 1 20.807 0.315 % (

e r

TD Securities 2 15.654 4,271 35 2 19.821 -4.167 a h S

BMO Capital Markets 3 12.658 3,454 39 4 12.093 0.565 t e 10 k r

JP Morgan 4 8.698 2,373 2 7 3.337 5.361 a M CIBC 5 8.111 2,213 30 3 15.519 -7.408

Scotiabank 6 5.707 1,557 14 5 10.867 -5.160 0 ts s ts C n k e ie e B a n National Bank Financial Inc 7 4.840 1,321 20 6 4.950 -0.110 k it k I rg a r r r C o b a u a ia M c M M t l e l o Canaccord Genuity 8 2.897 790 50 15 0.521 2.376 a S a P c it it J S p D p a T a GMP Securities 9 2.011 549 21 9 2.202 -0.191 C C C O B M Credit Suisse 10 1.891 516 3 10 1.333 0.558 R B TOTAL 100% 27,286 273 100%

Bloomberg League Table Reports Page 6 Bloomberg Global Equity | H1 2017

Canada Equity Offerings Canada Equity IPO H1 2017 H1 2016 H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) RBC Capital Markets 1 20.927 5,467 27 1 21.905 -0.978 RBC Capital Markets 1 26.849 963 4 - - 26.849 TD Securities 2 15.999 4,179 30 2 20.594 -4.595 TD Securities 2 25.845 927 3 4 10.519 15.326 BMO Capital Markets 3 12.100 3,161 36 4 12.494 -0.394 Scotiabank 3 7.605 273 3 - - 7.605 JP Morgan 4 9.085 2,373 2 7 3.542 5.543 Citi 4 6.785 243 3 - - 6.785 CIBC 5 7.786 2,034 26 3 14.107 -6.321 CIBC 5 6.239 224 5 2 21.476 -15.237 Scotiabank 6 5.962 1,557 14 5 9.414 -3.452 BMO Capital Markets 6 4.542 163 4 2 21.476 -16.934 National Bank Financial Inc 7 4.719 1,233 16 6 5.011 -0.292 GMP Securities 7 3.732 134 3 6 2.344 1.388 Canaccord Genuity 8 2.557 668 47 15 0.553 2.004 Morgan Stanley 8 2.715 97 2 - - 2.715 GMP Securities 9 2.101 549 21 9 2.338 -0.237 Bank of America Merrill Lynch 9 2.546 91 2 - - 2.546 Credit Suisse 10 1.975 516 3 10 1.416 0.559 Wells Fargo 10 1.895 68 2 - - 1.895 Morgan Stanley 11 1.871 489 3 - - 1.871 Barclays 10 1.895 68 2 - - 1.895 Barclays 12 1.189 311 4 16 0.373 0.816 INFOR Financial Group Inc 12 1.456 52 1 - - 1.456 Raymond James & Associates 13 1.164 304 9 13 0.634 0.530 Raymond James & Associates 13 1.393 50 1 - - 1.393 Haywood Securities 14 1.032 270 18 21 0.226 0.806 Credit Suisse 14 1.090 39 1 - - 1.090 Cormark Securities Inc 15 1.011 264 14 11 1.212 -0.201 Goldman Sachs 14 1.090 39 1 - - 1.090 Clarus Securities 16 0.987 258 11 19 0.258 0.729 Jefferies 16 1.004 36 1 - - 1.004 Citi 17 0.932 243 3 - - 0.932 Robert W Baird & Co 16 1.004 36 1 - - 1.004 Cantor Fitzgerald 18 0.900 235 6 22 0.171 0.729 UBS 18 0.371 13 1 - - 0.371 Bank of America Merrill Lynch 19 0.797 208 3 20 0.234 0.563 National Bank Financial Inc 18 0.371 13 1 1 31.995 -31.624 Desjardins Capital Markets 20 0.650 170 3 18 0.293 0.357 CIMB 20 0.353 13 1 - - 0.353 TOTAL 100% 26,121 257 100% TOTAL 100% 3,588 28 100%

Canadian Retail Structured Products H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (CAD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Scotiabank 1 36.670 151 9 3 15.657 21.013 RBC Capital Markets 2 30.803 127 9 1 35.013 -4.210 CIBC 3 18.076 74 10 4 15.292 2.784 National Bank Financial Inc 4 11.982 49 6 5 12.698 -0.716 BMO Capital Markets 5 1.934 8 1 6 4.153 -2.219 Pacific International Securities Inc 6 0.535 2 1 - - 0.535 ------TOTAL 100% 410 13 100%

Bloomberg League Table Reports Page 7 Bloomberg Global Equity | H1 2017

Latin America Equity Offerings: Quarterly Volume

Deal Count Amount Latin America Equity Review 20 30 H1 2017 credited Latin America Equity Offerings volume increased 370.54% to USD 8.6 Bln while deal count increased 15

233.33% to 30 offerings year-on-year. 20 D D e e n n a a l l l l B B

Bank of America Merrill Lynch ranked as the top Latin America Equity Offerings underwriter for H1 2017 with 14.16% market C C

D D 10 o o u u S S n n

share. The bank underwrote 9 deals over the period. Banco Santander and JP Morgan ranked second and third with 13.21% U U t t and 11.58% market share, respectively. 10 5

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Quarters

Latin America Equity Offerings Latin America Equity Offerings: Industry Breakdown H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Financials 36% 9% Bank of America Merrill Lynch 1 14.158 1,218 9 3 18.502 -4.344 Consumer Discretionary 29% Banco Santander 2 13.206 1,136 14 1 21.941 -8.735 13% 36% Industrials 14% JP Morgan 3 11.585 997 12 - - 11.585 Banco BTG Pactual 4 9.085 782 10 11 1.832 7.253 Consumer Staples 13% Bradesco BBI SA 5 8.527 734 11 4 6.399 2.128 14% Others 9% Banco Itau BBA 6 7.818 673 9 4 6.399 1.419 Credit Suisse 7 6.475 557 8 9 2.465 4.010 Morgan Stanley 8 6.055 521 5 2 18.966 -12.911 29% Banco do Brasil SA 9 4.929 424 6 4 6.399 -1.470 Goldman Sachs 10 3.862 332 3 - - 3.862 TOTAL 100% 8,603 30 100%

Brazil Equity Offerings Latin America Equity Offerings: Manager Rankings History

H1 2017 H1 2016 2017 2016 2015 25 Firm Rank Mkt Share(%) Volume (BRL Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

) 20

Bank of America Merrill Lynch 1 15.794 2,874 7 - - 15.794 % (

e r

Banco Santander 2 15.369 2,796 11 1 25.287 -9.918 a h S

Bradesco BBI SA 3 12.826 2,334 11 2 14.943 -2.117 t e 10 k r

Banco Itau BBA 4 11.774 2,142 9 2 14.943 -3.169 a M JP Morgan 5 10.980 1,998 9 - - 10.980

Banco BTG Pactual 6 8.486 1,544 6 - - 8.486 0 r l h e n a A A c d a u S B Credit Suisse 7 7.576 1,378 6 - - 7.576 n n rg t I y a o c B L t a B u ll n M P B ta ri a P o I Banco do Brasil SA 8 7.345 1,336 6 2 14.943 -7.598 r S J G c o e o T s c M c B e n a n o d a Morgan Stanley 9 2.988 544 3 - - 2.988 c a c ra B ri B n e a B m B A Citi 10 1.677 305 2 2 14.943 -13.266 f o k n TOTAL 100% 18,194 18 100% a B

Bloomberg League Table Reports Page 8 Bloomberg Global Equity | H1 2017

EMEA Equity, Equity Linked & Rights - Risk: Largest Deals by Country EMEA Equity Review of H1 2017 Issuer Volume (USD Mln) Date Country H1 2017 credited EMEA Equity, Equity Linked & Rights - Risk volume increased 64.63% to USD 133.8 Bln while deal count Electricite de France SA 4,343 03/21/2017 France increased 42.97% to 529 offerings year-on-year. EMEA Equity IPO volume increased 30.30% year-on-year to USD 22.0 Bln Deutsche Bank AG 8,657 03/21/2017 Germany Diana Shipping Inc 80 04/20/2017 Greece while the deal count increased 43.66% to 102. EMEA Equity Linked - Risk volume increased 0.81% year-on-year to USD UniCredit SpA 13,737 02/23/2017 Italy 14.2 Bln over 40 deals. ABN AMRO Group NV 1,683 06/28/2017 Netherlands JP Morgan ranked as the top EMEA Equity, Equity Linked & Rights - Risk underwriter for H1 2017 with 8.94% market share. Raydan Co 58 02/19/2017 Saudi Arabia The bank underwrote 54 deals over the period. Citi and Morgan Stanley ranked second and third with 7.89% and 7.33% Barclays Africa Group Ltd 2,909 06/01/2017 South Africa market share, respectively. CaixaBank SA 1,147 02/06/2017 Spain Credit Suisse Group AG 4,257 06/07/2017 Switzerland ADES International Holding Ltd 243 05/09/2017 United Arab Emirates ConvaTec Group PLC 1,210 03/29/2017 United Kingdom EMEA Equity, Equity Linked & Rights - Risk: Highlights of H1 2017

Issuer Industry Volume (USD Mln) Date UniCredit SpA Financials 13,737 02/23/2017 Deutsche Bank AG Financials 8,657 03/21/2017 Electricite de France SA Utilities 4,343 03/21/2017 EMEA Equity, Equity Linked & Rights - Risk: Industry Breakdown Credit Suisse Group AG Financials 4,257 06/07/2017 Allied Irish Banks PLC Financials 3,343 06/23/2017 Industry Volume (USD Mln) % Of Total % YOY Change Lonza Group AG Materials 2,966 05/10/2017 Financials 69,402 45.6% 133.5% Barclays Africa Group Ltd Financials 2,909 06/01/2017 Materials 16,554 10.9% 66.0% Volcan Holdings PLC Financials 2,439 03/15/2017 Consumer Discretionary 13,738 9.0% 5.1% BNP Paribas SA Financials 2,229 05/04/2017 Industrials 13,342 8.8% 18.4% Galenica AG Consumer Staples 1,887 04/07/2017 Utilities 10,045 6.6% 102.8% Health Care 9,119 6.0% 204.1% Energy 5,380 3.5% -30.0% Consumer Staples 5,152 3.4% 20.6% EMEA Equity, Equity Linked & Rights - Risk Technology 5,091 3.3% 99.0% Communications 4,254 2.8% -49.8%

Deal Count Rights Equity-Linked IPO

Add'l

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

Offering Type Volume (USD Mln) % Of Total % YOY Change 300 100 Additional Offerings 64,927 42.7% 67.6% Rights Offerings 45,342 29.8% 124.2% D D

80 e e n n 80 a a

l l IPO 27,059 17.8% 57.3% l l B B C C

D D 200 o o Equity-Linked 14,755 9.7% -21.6% u u S S n n U U 60 t t

40 100

20

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

Quarters

Bloomberg League Table Reports Page 9 Bloomberg Global Equity | H1 2017

EMEA Equity, Equity Linked & Rights - Risk EMEA Equity, Equity Linked & Rights - Syndication H1 2017 H1 2016 H1 2017 H1 2016

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 8.938 11,962 54 1 9.570 -0.632 JP Morgan 1 9.138 12,250 53 1 9.200 -0.062 Citi 2 7.889 10,558 65 7 5.577 2.312 Citi 2 7.822 10,485 59 7 5.804 2.018 Morgan Stanley 3 7.330 9,810 56 3 7.155 0.175 UBS 3 7.327 9,822 40 4 6.805 0.522 UBS 4 7.234 9,682 40 4 7.135 0.099 Goldman Sachs 4 7.110 9,531 48 2 7.583 -0.473 Goldman Sachs 5 6.900 9,234 49 2 7.887 -0.987 Morgan Stanley 5 6.896 9,244 50 3 7.337 -0.441 Bank of America Merrill Lynch 6 5.937 7,947 31 5 6.886 -0.949 Bank of America Merrill Lynch 6 5.928 7,947 31 5 6.620 -0.692 Deutsche Bank 7 5.738 7,680 43 6 6.671 -0.933 Deutsche Bank 7 5.685 7,621 42 6 6.414 -0.729 Barclays 8 4.492 6,011 36 10 3.924 0.568 BNP Paribas 8 4.159 5,576 42 8 4.344 -0.185 BNP Paribas 9 4.166 5,576 42 8 4.519 -0.353 Barclays 9 4.079 5,468 30 10 3.597 0.482 Societe Generale 10 3.822 5,115 36 12 2.621 1.201 Societe Generale 10 3.816 5,115 36 13 2.520 1.296 Credit Suisse 11 3.292 4,406 29 9 4.075 -0.783 Credit Suisse 11 3.219 4,314 27 9 3.918 -0.699 HSBC 12 2.213 2,961 16 14 2.159 0.054 HSBC 12 2.209 2,961 16 15 2.076 0.133 Credit Agricole CIB 13 1.684 2,254 13 16 1.613 0.071 Credit Agricole CIB 13 1.682 2,254 13 17 1.551 0.131 Jefferies 14 1.632 2,184 20 15 1.725 -0.093 Jefferies 14 1.548 2,075 17 16 1.622 -0.074 Joh Berenberg Gossler & Co KG 15 1.471 1,969 23 23 0.834 0.637 Joh Berenberg Gossler & Co KG 15 1.469 1,969 23 24 0.802 0.667 Banco Santander 16 1.428 1,912 8 21 0.857 0.571 Banco Santander 16 1.426 1,912 8 22 0.824 0.602 Natixis 17 1.398 1,871 10 34 0.515 0.883 Natixis 17 1.396 1,871 10 36 0.495 0.901 Mediobanca 18 1.396 1,868 10 17 1.461 -0.065 Mediobanca 18 1.394 1,868 10 18 1.405 -0.011 Commerzbank 19 1.325 1,773 11 41 0.335 0.990 Commerzbank 19 1.323 1,773 11 42 0.322 1.001 UniCredit 20 1.260 1,687 15 19 1.032 0.228 UniCredit 20 1.258 1,687 15 20 0.992 0.266 TOTAL 100% 133,838 529 100% TOTAL 100% 134,047 512 100%

EMEA Equity & Equity Linked - Risk EMEA Equity & Equity Linked - Syndication H1 2017 H1 2016 H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 9.551 9,268 44 1 10.247 -0.696 JP Morgan 1 9.823 9,555 43 1 9.774 0.049 Citi 2 9.165 8,893 60 7 5.418 3.747 Citi 2 9.067 8,820 54 7 5.695 3.372 UBS 3 8.522 8,269 37 3 7.961 0.561 UBS 3 8.645 8,409 37 3 7.529 1.116 Morgan Stanley 4 7.931 7,695 49 2 8.048 -0.117 Goldman Sachs 4 7.604 7,397 41 4 7.166 0.438 Goldman Sachs 5 7.318 7,101 42 4 7.512 -0.194 Morgan Stanley 5 7.329 7,129 43 2 8.224 -0.895 Deutsche Bank 6 6.122 5,940 36 5 6.815 -0.693 Deutsche Bank 6 6.046 5,881 35 5 6.500 -0.454 Bank of America Merrill Lynch 7 5.802 5,629 24 6 6.220 -0.418 Bank of America Merrill Lynch 7 5.788 5,629 24 6 5.933 -0.145 Barclays 8 4.367 4,238 31 10 3.388 0.979 BNP Paribas 8 3.894 3,787 32 8 4.651 -0.757 BNP Paribas 9 3.903 3,787 32 8 4.876 -0.973 Barclays 9 3.798 3,694 25 12 3.023 0.775 Societe Generale 10 3.493 3,389 29 12 2.620 0.873 Societe Generale 10 3.484 3,389 29 13 2.499 0.985 Credit Suisse 11 2.764 2,682 25 9 4.818 -2.054 Credit Suisse 11 2.663 2,591 23 9 4.595 -1.932 Joh Berenberg Gossler & Co KG 12 1.952 1,894 20 20 0.880 1.072 Joh Berenberg Gossler & Co KG 12 1.947 1,894 20 21 0.839 1.108 Jefferies 13 1.729 1,678 18 15 1.414 0.315 Jefferies 13 1.612 1,568 15 16 1.305 0.307 Numis 14 1.575 1,528 18 11 3.171 -1.596 Numis 14 1.571 1,528 18 11 3.024 -1.453 Carnegie 15 1.568 1,522 30 16 1.349 0.219 Carnegie 15 1.564 1,522 30 17 1.287 0.277 Nordea 16 1.501 1,456 17 13 2.452 -0.951 Nordea 16 1.497 1,456 17 14 2.339 -0.842 ABN Amro Bank NV 17 1.274 1,236 8 26 0.648 0.626 ABN Amro Bank NV 17 1.240 1,206 7 30 0.595 0.645 HSBC 18 1.167 1,133 10 14 2.155 -0.988 Nomura 18 1.184 1,152 4 10 3.732 -2.548 UniCredit 19 0.917 890 12 22 0.750 0.167 HSBC 19 1.164 1,133 10 15 2.056 -0.892 SEB 20 0.912 885 17 21 0.844 0.068 UniCredit 20 0.915 890 12 24 0.716 0.199 TOTAL 100% 97,031 476 100% TOTAL 100% 97,269 474 100%

Bloomberg League Table Reports Page 10 Bloomberg Global Equity | H1 2017

EMEA Equity Linked - Risk EMEA Equity Linked - Syndication H1 2017 H1 2016 H1 2017 H1 2016

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 26.846 3,801 10 2 15.599 11.247 JP Morgan 1 24.596 4,141 11 3 12.233 12.363 Deutsche Bank 2 11.891 1,683 8 7 5.278 6.613 Deutsche Bank 2 9.998 1,683 8 8 4.139 5.859 BNP Paribas 3 10.472 1,483 11 1 16.594 -6.122 Morgan Stanley 3 9.481 1,596 8 4 10.836 -1.355 Morgan Stanley 4 8.871 1,256 7 3 10.941 -2.070 BNP Paribas 4 8.805 1,483 11 2 13.013 -4.208 Societe Generale 5 7.981 1,130 9 10 3.304 4.677 Societe Generale 5 6.711 1,130 9 12 2.591 4.120 Citi 6 5.366 760 6 6 6.202 -0.836 Nomura 6 5.447 917 3 1 13.906 -8.459 Credit Agricole CIB 7 4.423 626 5 8 4.380 0.043 Goldman Sachs 7 5.427 914 5 5 8.042 -2.615 Barclays 8 3.978 563 1 11 2.806 1.172 Citi 8 3.943 664 5 6 7.119 -3.176 UBS 9 3.487 494 3 14 1.431 2.056 Mizuho Financial 9 3.885 654 2 10 3.154 0.731 Goldman Sachs 10 3.373 477 3 4 10.255 -6.882 Credit Agricole CIB 10 3.719 626 5 9 3.435 0.284 UniCredit 11 2.491 353 3 16 1.357 1.134 Barclays 11 3.345 563 1 13 2.200 1.145 Natixis 12 2.033 288 4 15 1.424 0.609 UBS 12 2.932 494 3 16 1.122 1.810 HSBC 13 1.915 271 3 9 3.916 -2.001 UniCredit 13 2.094 353 3 18 1.064 1.030 Credit Suisse 14 1.845 261 2 12 1.962 -0.117 Natixis 14 1.709 288 4 17 1.117 0.592 Stifel 15 0.777 110 1 21 0.369 0.408 HSBC 15 1.610 271 3 11 3.071 -1.461 Cenkos Securities 15 0.777 110 1 - - 0.777 Credit Suisse 16 1.551 261 2 14 1.538 0.013 Mediobanca 17 0.752 106 1 - - 0.752 Stifel 17 0.653 110 1 23 0.290 0.363 Nordea 18 0.593 84 1 - - 0.593 Cenkos Securities 17 0.653 110 1 - - 0.653 FirstRand Ltd 19 0.323 46 1 13 1.764 -1.441 Mediobanca 19 0.632 106 1 - - 0.632 Lazard Ltd 20 0.212 30 1 - - 0.212 Daiwa Securities 20 0.518 87 1 - - 0.518 TOTAL 100% 14,157 40 100% TOTAL 100% 16,836 45 100%

EMEA Equity IPO EMEA Equity Offerings H1 2017 H1 2016 H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Citi 1 8.976 1,977 14 2 8.074 0.902 Citi 1 9.818 8,133 54 8 5.212 4.606 Deutsche Bank 2 7.017 1,546 9 5 5.088 1.929 UBS 2 9.386 7,775 34 1 9.676 -0.290 Goldman Sachs 3 6.875 1,515 10 4 6.415 0.460 Goldman Sachs 3 7.995 6,623 39 5 6.792 1.203 UBS 4 6.487 1,429 7 6 4.955 1.532 Morgan Stanley 4 7.735 6,408 41 3 7.289 0.446 JP Morgan 5 6.433 1,417 7 1 11.231 -4.798 Bank of America Merrill Lynch 5 6.795 5,629 24 6 6.210 0.585 Credit Suisse 6 5.449 1,200 9 13 2.617 2.832 JP Morgan 6 6.600 5,467 34 2 8.842 -2.242 Bank of America Merrill Lynch 7 3.602 793 4 9 3.465 0.137 Deutsche Bank 7 5.138 4,257 28 4 7.218 -2.080 Morgan Stanley 8 3.149 694 7 3 7.666 -4.517 Barclays 8 4.435 3,674 30 10 3.541 0.894 Jefferies 9 2.962 652 9 35 0.600 2.362 Credit Suisse 9 2.922 2,421 23 7 5.568 -2.646 Barclays 10 2.598 572 6 8 4.077 -1.479 BNP Paribas 10 2.782 2,305 21 13 1.799 0.983 Carnegie 11 2.532 558 10 10 3.370 -0.838 Societe Generale 11 2.727 2,259 20 12 2.440 0.287 Banco Santander 12 2.355 519 5 23 1.300 1.055 Joh Berenberg Gossler & Co KG 12 2.287 1,894 20 21 0.802 1.485 BNP Paribas 13 2.351 518 6 21 1.439 0.912 Jefferies 13 2.025 1,678 18 14 1.785 0.240 HSBC 14 1.986 438 3 22 1.412 0.574 Numis 14 1.845 1,528 18 9 4.003 -2.158 Joh Berenberg Gossler & Co KG 15 1.948 429 6 45 0.243 1.705 Carnegie 15 1.837 1,522 30 15 1.704 0.133 Davy 16 1.897 418 1 - - 1.897 Nordea 16 1.657 1,372 16 11 3.096 -1.439 Goodbody 16 1.897 418 1 - - 1.897 ABN Amro Bank NV 17 1.492 1,236 8 26 0.752 0.740 Danske Bank 18 1.610 355 5 11 2.954 -1.344 SEB 18 1.069 885 17 19 1.065 0.004 Nordea 19 1.588 350 5 7 4.766 -3.178 HSBC 19 1.040 861 7 16 1.693 -0.653 SEB 20 1.491 328 5 18 1.498 -0.007 DNB ASA 20 0.923 764 15 51 0.221 0.702 TOTAL 100% 22,030 102 100% TOTAL 100% 82,842 435 100%

Bloomberg League Table Reports Page 11 Bloomberg Global Equity | H1 2017

EMEA Rights Offerings Western Europe Equity, Equity Linked & Rights H1 2017 H1 2016 H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan 1 7.321 2,694 10 6 6.251 1.070 JP Morgan 1 9.004 9,899 46 1 9.491 -0.487 Bank of America Merrill Lynch 2 6.295 2,317 7 1 10.147 -3.852 UBS 2 7.528 8,276 36 5 7.353 0.175 Goldman Sachs 3 5.797 2,134 7 2 9.726 -3.929 Goldman Sachs 3 7.391 8,126 44 2 7.973 -0.582 Morgan Stanley 4 5.746 2,115 7 13 2.779 2.967 Citi 4 6.907 7,594 47 7 5.008 1.899 HSBC 5 4.969 1,829 6 19 2.178 2.791 Morgan Stanley 5 6.870 7,553 45 3 7.486 -0.616 BNP Paribas 6 4.859 1,788 10 14 2.767 2.092 Bank of America Merrill Lynch 6 6.363 6,995 28 6 7.184 -0.821 Barclays 7 4.819 1,774 5 3 6.549 -1.730 Deutsche Bank 7 5.237 5,758 36 4 7.396 -2.159 Deutsche Bank 8 4.727 1,740 7 7 5.970 -1.243 BNP Paribas 8 4.655 5,118 42 8 4.710 -0.055 Societe Generale 9 4.689 1,726 7 15 2.629 2.060 Societe Generale 9 4.195 4,612 33 12 2.880 1.315 Credit Suisse 10 4.683 1,724 4 30 0.436 4.247 Barclays 10 3.849 4,231 25 10 3.895 -0.046 Citi 11 4.524 1,665 5 5 6.359 -1.835 Credit Suisse 11 3.616 3,976 27 9 4.547 -0.931 Natixis 12 4.116 1,515 4 25 1.007 3.109 HSBC 12 2.169 2,385 14 14 2.065 0.104 Mediobanca 13 3.913 1,440 4 4 6.364 -2.451 Credit Agricole CIB 13 1.910 2,100 13 16 1.817 0.093 UBS 14 3.840 1,413 3 11 3.086 0.754 Jefferies 14 1.801 1,980 18 15 1.928 -0.127 Credit Agricole CIB 15 3.823 1,407 5 9 3.412 0.411 Mediobanca 15 1.583 1,741 10 17 1.622 -0.039 Intesa Sanpaolo 16 3.784 1,393 3 16 2.412 1.372 Natixis 16 1.575 1,732 10 32 0.577 0.998 Banco Santander 16 3.784 1,393 3 8 3.463 0.321 Joh Berenberg Gossler & Co KG 17 1.574 1,730 21 22 0.935 0.639 Banco Bilbao Vizcaya Argentaria 16 3.784 1,393 3 18 2.272 1.512 Banco Santander 18 1.558 1,713 6 23 0.780 0.778 Commerzbank 19 3.115 1,146 3 - - 3.115 Commerzbank 19 1.441 1,584 8 38 0.369 1.072 ING Groep 20 2.195 808 4 - - 2.195 Numis 20 1.368 1,504 19 11 2.987 -1.619 TOTAL 100% 36,806 53 100% TOTAL 100% 109,939 447 100%

Eastern Europe Equity, Equity Linked & Rights AIM Equity Offerings H1 2017 H1 2016 H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (EUR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (GBP Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Citi 1 20.111 1,138 10 3 13.570 6.541 Cenkos Securities 1 22.848 527 14 8 5.334 17.514 VTB Capital 2 7.077 401 6 12 1.824 5.253 Joh Berenberg Gossler & Co KG 2 8.288 191 5 - - 8.288 Goldman Sachs 3 5.887 333 5 1 24.429 -18.542 Zeus Capital 3 7.545 174 8 4 6.896 0.649 UBS 4 5.470 310 3 12 1.824 3.646 Numis 4 7.267 168 6 7 5.414 1.853 Bank of America Merrill Lynch 5 5.248 297 3 - - 5.248 Liberum Capital Ltd 5 6.063 140 5 2 12.233 -6.170 Deutsche Bank 6 4.329 245 3 10 2.067 2.262 Intesa Sanpaolo 6 4.912 113 1 - - 4.912 Barclays 7 4.302 243 4 - - 4.302 Peel Hunt LLP 7 3.888 90 8 3 9.489 -5.601 Sberbank CIB CJSC 8 3.882 220 3 17 0.531 3.351 Nplus1 Singer Ltd 8 3.436 79 6 12 2.619 0.817 Renaissance Capital Pty Ltd 9 3.564 202 6 - - 3.564 FinnCap 9 3.432 79 12 9 5.058 -1.626 Morgan Stanley 10 3.560 201 3 - - 3.560 Panmure Gordon 10 3.294 76 11 10 3.662 -0.368 JP Morgan 11 3.498 198 3 2 20.439 -16.941 Jefferies 11 2.864 66 2 - - 2.864 Java Capital 12 3.272 185 2 - - 3.272 Mirabaud Securities 12 2.584 60 4 48 0.031 2.553 PKO Bank Polski SA 13 2.472 140 2 6 4.377 -1.905 Canaccord Genuity 13 2.575 59 4 11 3.467 -0.892 Wood & Co Financial Services AS 14 2.284 129 2 9 2.820 -0.536 Allenby Capital Ltd 14 2.224 51 11 34 0.187 2.037 Erste Group Bank 15 2.043 116 2 - - 2.043 Goodbody 15 2.168 50 1 18 1.175 0.993 Societe Generale 16 1.974 112 3 10 2.067 -0.093 Investec 16 2.064 48 9 6 5.586 -3.522 HSBC 17 1.841 104 1 - - 1.841 Cantor Fitzgerald 17 1.788 41 9 15 1.877 -0.089 Credit Suisse 18 1.794 102 2 - - 1.794 WH Ireland Ltd 18 1.569 36 10 27 0.301 1.268 BMO Capital Markets 19 1.766 100 1 - - 1.766 Smith & Williamson 19 1.456 34 2 - - 1.456 Gazprombank 19 1.766 100 1 - - 1.766 Dowgate Capital Stockbrokers Ltd 20 1.218 28 5 47 0.041 1.177 TOTAL 100% 5,659 35 100% TOTAL 100% 2,306 192 100%

Bloomberg League Table Reports Page 12 Bloomberg Global Equity | H1 2017

Africa Equity, Equity Linked & Rights Sub-Sahara Equity, Equity Linked & Rights H1 2017 H1 2016 H1 2017 H1 2016

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 20.534 1,210 7 4 10.003 10.531 Morgan Stanley 1 20.670 1,210 7 4 10.526 10.144 Barclays 2 17.279 1,018 5 6 6.317 10.962 Barclays 2 17.394 1,018 5 6 6.648 10.746 JP Morgan 3 15.499 914 4 3 10.116 5.383 JP Morgan 3 15.601 914 4 3 10.645 4.956 Citi 4 11.070 653 3 2 11.345 -0.275 Citi 4 11.144 653 3 2 11.938 -0.794 Deutsche Bank 5 10.785 636 3 - - 10.785 Deutsche Bank 5 10.857 636 3 - - 10.857 UBS 6 6.527 385 1 10 5.027 1.500 UBS 6 6.570 385 1 10 5.290 1.280 FirstRand Ltd 7 5.232 308 2 9 6.315 -1.083 FirstRand Ltd 7 5.267 308 2 9 6.645 -1.378 Java Capital 8 4.768 281 3 1 13.337 -8.569 Java Capital 8 4.799 281 3 1 14.034 -9.235 HSBC 9 4.453 262 1 6 6.317 -1.864 HSBC 9 4.482 262 1 6 6.648 -2.166 Standard Bank of South Africa 10 1.772 104 1 13 3.601 -1.829 Standard Bank of South Africa 10 1.784 104 1 12 3.789 -2.005 Beltone Financial 11 0.660 39 1 - - 0.660 Macquarie 11 0.535 31 1 - - 0.535 Macquarie 12 0.532 31 1 - - 0.532 PSG Group Ltd 12 0.531 31 2 14 0.246 0.285 PSG Group Ltd 13 0.527 31 2 16 0.234 0.293 Arbor Capital Sponsors Pty Ltd 13 0.180 11 1 - - 0.180 Arbor Capital Sponsors Pty Ltd 14 0.178 11 1 - - 0.178 Barak Capital 14 0.092 5 1 - - 0.092 Barak Capital 15 0.092 5 1 - - 0.092 Dyer & Blair Investment Bank 14 0.092 5 1 - - 0.092 Dyer & Blair Investment Bank 15 0.092 5 1 - - 0.092 ------TOTAL 100% 5,894 21 100% TOTAL 100% 5,855 20 100%

MENA Equity, Equity Linked & Rights H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) EFG-Hermes 1 24.735 234 3 5 9.076 15.659 Citi 2 19.193 182 2 - - 19.193 DNB ASA 3 11.894 113 1 - - 11.894 Arctic Securities 3 11.894 113 1 - - 11.894 Saudi Investment Bank/The 5 9.414 89 2 - - 9.414 Emirates NBD PJSC 6 5.542 53 1 2 22.476 -16.934 ABG Sundal Collier Asa 7 4.173 40 2 - - 4.173 Beltone Financial 8 4.105 39 1 - - 4.105 Numis 9 2.592 25 1 - - 2.592 Investec 9 2.592 25 1 - - 2.592 FALCOM Financial Services/Saudi Arabia 11 1.808 17 2 - - 1.808 Shuaa Capital PSC 12 1.437 14 1 - - 1.437 KASB Bank Ltd 13 0.619 6 1 - - 0.619 ------TOTAL 100% 947 14 100%

Bloomberg League Table Reports Page 13 Bloomberg Global Equity | H1 2017

Asia ex-Japan Equity, Equity Linked & Rights

Deal Count Rights IPO Asia Pacific Equity Review Add'l 80 800 H1 2017 credited APAC ex-Japan Equity, Equity Linked & Rights volume increased 22.58% to USD 71.6 Bln while deal count D D e e n n l l increased 25.87% to 1,017 offerings year-on-year. APAC ex-Japan Equity IPO volume increased 66.61% year-on-year to 50 500 a a l l B B

C C D D o o u u S S

USD 34.7 Bln while the deal count increased 86.03% to 506. APAC ex-Japan Equity Linked volume decreased 40.47% year- n n U U t t on-year to USD 7.4 Bln over 60 deals.

Goldman Sachs ranked as the top APAC ex-Japan Equity, Equity Linked & Rights underwriter for H1 2017 with 6.39% 0 0 122 133 144 155 166 177 001 001 001 001 001 001 market share. The bank underwrote 17 deals over the period. Morgan Stanley and Citi ranked second and third with 5.93% 22 22 22 22 22 22 22 22 22 22 22 22 Q Q Q Q Q Q and 5.25% market share, respectively. Q Q Q Q Q Q Quarters Australia/New Zealand Equity, EQL & Rights APAC Equity, Equity Linked & Rights: Highlights of H1 2017 Deal Count Rights IPO

Issuer Industry Volume (USD Mln) Date Add'l China Everbright Bank Co Ltd Financials 4,348 03/15/2017 20 400 Renesas Electronics Corp Technology 3,177 06/12/2017 D D e e n n l l a a

Netmarble Games Corp Technology 2,346 04/21/2017 l l B B

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

State Bank of India Financials 2,327 06/16/2017 n n U U t t Guotai Junan Securities Co Ltd Financials 2,221 03/27/2017 BDO Unibank Inc Financials 1,207 01/31/2017 0 0 Hong Kong International Construction Investment Management Group Co Ltd Industrials 1,186 06/21/2017 122 133 144 155 166 177 001 001 001 001 001 001 22 22 22 22 22 22 22 22 22 22 22 22 HKT Trust & HKT Ltd Communications 1,100 02/13/2017 QQ QQ QQ QQ QQ QQ Guangzhou Rural Commercial Bank Co Ltd Financials 1,035 06/13/2017 Quarters ITC Ltd Consumer Staples 993 02/07/2017 China Equity, Equity Linked & Rights

Deal Count Rights IPO

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

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

B B C C

o o D D 200 200 u u Financials 28,695 28.9% -4.1% S S n n U U 17% t t Industrials 17,109 17.2% 94.4% 29% Technology 14,237 14.3% -8.0% 0 0 Consumer Discretionary 14,192 14.3% 34.0% 122 133 144 155 166 177 8% 001 001 001 001 001 001 22 22 22 22 22 22 22 22 22 22 22 22 Materials 7,737 7.8% 25.7% QQ QQ QQ QQ QQ QQ Consumer Staples 4,680 4.7% 108.9% Quarters 14% Health Care 3,965 4.0% -1.0% 17% Communications 3,954 4.0% 31.6% Japan Equity & Equity Linked 14% Utilities 2,575 2.6% 0.0% Energy 2,183 2.2% -1.4% Deal Count Rights IPO

Add'l

1,800 110 D D e e n n a a l l l l B B

1,000 C C D D o o

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

0 0 122 133 144 155 166 177 001 001 001 001 001 001 22 22 22 22 22 22 22 22 22 22 22 22 QQ QQ QQ QQ QQ QQ

Quarters

Bloomberg League Table Reports Page 14 Bloomberg Global Equity | H1 2017

Asia ex-Japan Equity, Equity Linked & Rights Asia ex-Japan Equity, EQL & Rights ex-CH A Shares H1 2017 H1 2016 H1 2017 H1 2016

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 6.431 4,241 26 1 14.545 -8.114 Morgan Stanley 1 8.017 3,477 24 1 18.246 -10.229 Goldman Sachs 2 6.101 4,023 13 6 3.391 2.710 Goldman Sachs 2 7.607 3,299 12 5 3.965 3.642 Citi 3 5.691 3,753 27 3 4.427 1.264 Citi 3 7.555 3,276 20 3 5.555 2.000 CITIC Securities Co Ltd 4 3.629 2,393 21 5 3.509 0.120 Bank of America Merrill Lynch 4 5.090 2,207 13 11 1.673 3.417 GF Securities 5 3.536 2,332 27 11 1.999 1.537 UBS 5 3.077 1,335 11 9 2.210 0.867 Bank of America Merrill Lynch 6 3.347 2,207 13 19 1.265 2.082 JP Morgan 6 2.743 1,190 7 4 4.015 -1.272 China International Capital Corp 7 3.263 2,152 17 15 1.568 1.695 Credit Suisse 7 2.569 1,114 11 6 3.580 -1.011 UBS 8 3.122 2,059 12 13 1.880 1.242 Deutsche Bank 8 2.497 1,083 10 2 10.053 -7.556 Haitong Securities Co Ltd 9 2.541 1,676 29 10 2.426 0.115 ICICI 9 2.421 1,050 9 13 1.523 0.898 Deutsche Bank 10 2.156 1,422 16 2 7.930 -5.774 NH Investment & Securities Co Ltd 10 2.333 1,012 11 30 0.703 1.630 China Securities Co Ltd 11 2.087 1,377 15 16 1.411 0.676 HSBC 11 2.092 907 8 17 1.304 0.788 JP Morgan 12 1.951 1,287 8 7 3.105 -1.154 Haitong Securities Co Ltd 12 1.947 844 14 7 3.208 -1.261 China Merchants Securities 13 1.855 1,223 16 25 0.915 0.940 IIFL Holdings Ltd 13 1.808 784 4 74 0.192 1.616 Guosen Securities Co Ltd 14 1.763 1,162 16 33 0.633 1.130 China Construction Bank 14 1.744 757 10 15 1.424 0.320 Guotai Junan Securities Co Ltd 15 1.719 1,134 18 12 1.944 -0.225 Bangkok Bank PCL 15 1.637 710 3 36 0.489 1.148 Credit Suisse 16 1.690 1,114 11 9 2.950 -1.260 CITIC Securities Co Ltd 16 1.570 681 9 14 1.437 0.133 ICICI 17 1.592 1,050 9 20 1.152 0.440 Korea Investment & Securities Co 17 1.569 680 6 58 0.313 1.256 NH Investment & Securities Co Ltd 18 1.534 1,012 11 40 0.532 1.002 China Merchants Securities 18 1.438 624 7 65 0.270 1.168 Everbright Securities Co 19 1.511 997 7 32 0.649 0.862 China International Capital Corp 19 1.408 611 10 10 1.753 -0.345 HSBC 20 1.376 907 8 23 0.987 0.389 KB Securities Co Ltd 20 1.350 585 4 - - 1.350 TOTAL 100% 65,947 846 100% TOTAL 100% 43,365 608 100%

Asia ex-Japan Equity & Equity Linked Asia ex-Japan Equity Linked H1 2017 H1 2016 H1 2017 H1 2016

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 6.920 4,241 26 1 16.864 -9.944 China International Capital Corp 1 13.155 975 3 4 3.735 9.420 Goldman Sachs 2 6.237 3,822 12 4 3.931 2.306 UBS 2 12.021 891 2 6 3.037 8.984 Citi 3 5.632 3,452 25 3 5.133 0.499 Morgan Stanley 3 9.773 725 1 1 29.737 -19.964 CITIC Securities Co Ltd 4 3.904 2,393 21 6 2.952 0.952 Everbright Securities Co 3 9.773 725 1 - - 9.773 Bank of America Merrill Lynch 5 3.602 2,207 13 17 1.467 2.135 Goldman Sachs 3 9.773 725 1 14 1.011 8.762 China International Capital Corp 6 3.511 2,152 17 13 1.818 1.693 CITIC Securities Co Ltd 3 9.773 725 1 5 3.658 6.115 UBS 7 3.032 1,858 11 9 2.180 0.852 Fubon Securities Co 7 4.651 345 2 25 0.494 4.157 GF Securities 8 2.976 1,824 25 8 2.318 0.658 KGI Securities Co Ltd 8 4.145 307 5 13 1.098 3.047 Deutsche Bank 9 2.319 1,422 16 2 8.887 -6.568 Yuanta Securities Co Ltd 9 3.802 282 4 29 0.447 3.355 China Securities Co Ltd 10 2.246 1,377 15 14 1.636 0.610 DBS Group 10 3.561 264 2 - - 3.561 Haitong Securities Co Ltd 11 2.089 1,280 27 12 1.874 0.215 Bank of China 11 3.061 227 2 - - 3.061 China Merchants Securities 12 1.996 1,223 16 20 1.061 0.935 Citi 12 2.329 173 2 12 1.299 1.030 JP Morgan 13 1.936 1,187 7 5 3.600 -1.664 Western Securities Co Ltd 13 1.634 121 1 - - 1.634 Guosen Securities Co Ltd 14 1.897 1,162 16 28 0.734 1.163 GF Securities 13 1.634 121 1 - - 1.634 Guotai Junan Securities Co Ltd 15 1.840 1,128 16 11 1.981 -0.141 China Securities Co Ltd 15 1.610 119 1 11 1.359 0.251 NH Investment & Securities Co Ltd 16 1.651 1,012 11 36 0.616 1.035 Hongta Securities Co Ltd 16 1.551 115 1 - - 1.551 ICICI 17 1.637 1,003 8 18 1.335 0.302 Pacific Securities Co Ltd 17 1.406 104 1 - - 1.406 Everbright Securities Co 18 1.626 997 7 35 0.617 1.009 Bangkok Bank PCL 18 1.391 103 1 - - 1.391 Credit Suisse 19 1.490 913 10 7 2.726 -1.236 Cathay Securities Co Ltd 19 0.816 60 3 33 0.246 0.570 Essence Securities Co Ltd 20 1.440 883 10 16 1.611 -0.171 Taishin Financial Holding Co Ltd 20 0.720 53 6 30 0.431 0.289 TOTAL 100% 61,288 798 100% TOTAL 100% 7,414 60 100%

Bloomberg League Table Reports Page 15 Bloomberg Global Equity | H1 2017

Asia ex-Japan Equity Linked ex-China Exchanges Asia ex-Japan Equity Offerings H1 2017 H1 2016 H1 2017 H1 2016

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(%) Fubon Securities Co 1 14.896 345 2 15 0.608 14.288 CITIC Securities Co Ltd 1 7.854 8,384 37 1 8.549 -0.695 KGI Securities Co Ltd 2 13.274 307 5 7 1.352 11.922 Guotai Junan Securities Co Ltd 2 5.251 5,605 30 4 4.686 0.565 Yuanta Securities Co Ltd 3 12.177 282 4 19 0.550 11.627 China International Capital Corp 3 5.059 5,401 24 9 3.804 1.255 DBS Group 4 11.406 264 2 - - 11.406 China Securities Co Ltd 4 4.907 5,238 26 11 3.121 1.786 Bank of China 5 9.802 227 2 - - 9.802 Citi 5 3.868 4,129 28 12 2.910 0.958 Citi 6 7.458 173 2 13 0.989 6.469 Goldman Sachs 6 3.850 4,110 14 14 2.785 1.065 UBS 7 7.199 167 1 4 3.739 3.460 Haitong Securities Co Ltd 7 3.672 3,920 37 7 4.070 -0.398 China International Capital Corp 8 5.595 130 1 5 3.353 2.242 Huatai Securities Co Ltd 8 3.652 3,899 19 10 3.577 0.075 Bangkok Bank PCL 9 4.454 103 1 - - 4.454 Morgan Stanley 9 3.529 3,768 27 8 3.903 -0.374 Cathay Securities Co Ltd 10 2.613 60 3 23 0.303 2.310 GF Securities 10 2.677 2,858 34 2 5.967 -3.290 Taishin Financial Holding Co Ltd 11 2.306 53 6 20 0.530 1.776 UBS 11 2.540 2,712 14 32 0.655 1.885 Barclays 12 1.863 43 1 - - 1.863 China Merchants Securities 12 2.524 2,694 26 16 2.019 0.505 Mega Securities Co Ltd 13 1.101 25 2 - - 1.101 Guosen Securities Co Ltd 13 2.426 2,589 21 5 4.430 -2.004 Grand Fortune Securities Co 14 1.074 25 1 21 0.460 0.614 Deutsche Bank 14 2.205 2,354 20 3 5.186 -2.981 Land Bank of Taiwan 15 1.005 23 1 - - 1.005 Bank of America Merrill Lynch 15 2.068 2,207 13 34 0.550 1.518 Affin Hwang Capital 16 1.004 23 1 - - 1.004 Industrial Securities Co Ltd 16 2.047 2,185 18 20 1.270 0.777 Waterland Securities Co Ltd 17 0.644 15 2 34 0.046 0.598 Bank of China 17 2.020 2,157 14 17 1.391 0.629 President Securities 18 0.567 13 1 33 0.060 0.507 Shenwan Hongyuan Group Co Ltd 18 1.499 1,600 16 26 0.813 0.686 Kenanga Investment Bank Bhd 19 0.438 10 19 35 0.015 0.423 Essence Securities Co Ltd 19 1.494 1,595 12 13 2.897 -1.403 Eugene Investment & Securities Co Ltd 20 0.423 10 1 - - 0.423 Tianfeng Securities Co Ltd 20 1.306 1,395 7 35 0.550 0.756 TOTAL 100% 2,315 54 100% TOTAL 100% 106,751 939 100%

Asia ex-Japan Equity IPO H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) GF Securities 1 5.003 1,703 24 12 2.500 2.503 Citi 2 4.731 1,610 14 2 3.965 0.766 China Securities Co Ltd 3 3.695 1,257 14 10 2.842 0.853 CITIC Securities Co Ltd 4 3.504 1,192 17 4 3.794 -0.290 Haitong Securities Co Ltd 5 3.490 1,188 25 3 3.862 -0.372 China Merchants Securities 6 3.442 1,171 15 13 2.463 0.979 Guosen Securities Co Ltd 7 3.416 1,162 16 28 1.114 2.302 Guotai Junan Securities Co Ltd 8 3.301 1,123 15 9 2.964 0.337 China International Capital Corp 9 3.105 1,057 12 16 1.814 1.291 Essence Securities Co Ltd 10 2.594 883 10 5 3.683 -1.089 Sinolink Securities Co Ltd 11 2.455 835 15 65 0.330 2.125 NH Investment & Securities Co Ltd 12 2.350 800 9 34 0.735 1.615 JP Morgan 13 2.131 725 3 18 1.524 0.607 Korea Investment & Securities Co 14 1.999 680 6 52 0.592 1.407 Morgan Stanley 15 1.867 635 6 7 3.081 -1.214 Shenwan Hongyuan Group Co Ltd 16 1.743 593 9 53 0.585 1.158 KB Securities Co Ltd 17 1.721 585 4 - - 1.721 China Construction Bank 18 1.642 559 9 11 2.830 -1.188 Dongxing Securities Co Ltd 19 1.411 480 5 90 0.202 1.209 Industrial Securities Co Ltd 20 1.336 455 10 32 0.876 0.460 TOTAL 100% 34,028 470 100%

Bloomberg League Table Reports Page 16 Bloomberg Global Equity | H1 2017

APAC Equity, Equity Linked & Rights APAC Equity & Equity Linked H1 2017 H1 2016 H1 2017 H1 2016

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 7.541 6,703 44 1 13.569 -6.028 Morgan Stanley 1 8.159 6,703 44 1 15.461 -7.302 Goldman Sachs 2 6.508 5,785 22 8 2.819 3.689 Goldman Sachs 2 6.725 5,525 20 7 3.225 3.500 UBS 3 4.721 4,196 28 5 3.529 1.192 Nomura 3 4.311 3,542 47 3 6.715 -2.404 Citi 4 4.250 3,778 28 4 3.894 0.356 Citi 4 4.232 3,477 26 4 4.454 -0.222 Nomura 5 3.985 3,542 47 3 5.871 -1.886 Bank of America Merrill Lynch 5 4.051 3,328 19 12 1.993 2.058 Bank of America Merrill Lynch 6 3.744 3,328 19 15 1.742 2.002 Sumitomo Mitsui Financial 6 3.762 3,091 32 11 2.175 1.587 Sumitomo Mitsui Financial 7 3.477 3,091 32 13 1.901 1.576 UBS 7 3.480 2,859 23 6 3.455 0.025 Mizuho Financial 8 2.907 2,584 24 11 2.535 0.372 Mizuho Financial 8 3.145 2,584 24 8 2.900 0.245 JP Morgan 9 2.742 2,438 11 6 3.468 -0.726 CITIC Securities Co Ltd 9 2.913 2,393 21 10 2.204 0.709 CITIC Securities Co Ltd 10 2.692 2,393 21 10 2.656 0.036 JP Morgan 10 2.845 2,338 10 5 3.655 -0.810 GF Securities 11 2.624 2,332 27 17 1.513 1.111 China International Capital Corp 11 2.619 2,152 17 18 1.357 1.262 China International Capital Corp 12 2.421 2,152 17 20 1.187 1.234 Deutsche Bank 12 2.231 1,833 22 2 7.335 -5.104 Macquarie 13 2.101 1,868 11 16 1.639 0.462 GF Securities 13 2.220 1,824 25 13 1.731 0.489 Deutsche Bank 14 2.062 1,833 22 2 6.612 -4.550 Daiwa Securities 14 1.998 1,642 21 22 1.129 0.869 Haitong Securities Co Ltd 15 1.885 1,676 29 14 1.836 0.049 Macquarie 15 1.810 1,487 9 14 1.711 0.099 Daiwa Securities 16 1.847 1,642 21 24 0.987 0.860 China Securities Co Ltd 16 1.676 1,377 15 19 1.222 0.454 China Securities Co Ltd 17 1.549 1,377 15 21 1.068 0.481 Haitong Securities Co Ltd 17 1.558 1,280 27 17 1.400 0.158 Credit Suisse 18 1.473 1,309 15 7 3.224 -1.751 China Merchants Securities 18 1.489 1,223 16 25 0.793 0.696 China Merchants Securities 19 1.376 1,223 16 30 0.693 0.683 Guosen Securities Co Ltd 19 1.415 1,162 16 33 0.548 0.867 Guosen Securities Co Ltd 20 1.308 1,162 16 39 0.479 0.829 Guotai Junan Securities Co Ltd 20 1.373 1,128 16 16 1.479 -0.106 TOTAL 100% 88,889 1,124 100% TOTAL 100% 82,156 1,048 100%

APAC Equity Offerings APAC Equity Linked H1 2017 H1 2016 H1 2017 H1 2016

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 7.725 5,542 41 1 12.122 -4.397 Morgan Stanley 1 11.154 1,161 3 1 24.289 -13.135 Goldman Sachs 2 6.083 4,364 17 3 4.157 1.926 Goldman Sachs 1 11.154 1,161 3 17 0.763 10.391 Bank of America Merrill Lynch 3 4.638 3,328 19 7 2.731 1.907 China International Capital Corp 3 9.372 975 3 7 2.819 6.553 Citi 4 4.605 3,304 24 2 5.072 -0.467 Nomura 4 8.812 917 3 3 15.545 -6.733 Sumitomo Mitsui Financial 5 4.271 3,064 31 13 2.293 1.978 UBS 5 8.564 891 2 9 2.292 6.272 Nomura 6 3.658 2,625 44 6 3.375 0.283 Everbright Securities Co 6 6.963 725 1 - - 6.963 UBS 7 2.743 1,968 21 4 3.895 -1.152 CITIC Securities Co Ltd 6 6.963 725 1 8 2.761 4.202 Mizuho Financial 8 2.690 1,930 22 8 2.702 -0.012 Mizuho Financial 8 6.284 654 2 5 3.424 2.860 JP Morgan 9 2.650 1,901 8 10 2.522 0.128 JP Morgan 9 4.191 436 2 4 6.649 -2.458 Deutsche Bank 10 2.486 1,784 21 9 2.527 -0.041 Fubon Securities Co 10 3.314 345 2 28 0.373 2.941 GF Securities 11 2.373 1,703 24 11 2.386 -0.013 KGI Securities Co Ltd 11 2.953 307 5 16 0.829 2.124 CITIC Securities Co Ltd 12 2.325 1,668 20 15 1.994 0.331 Yuanta Securities Co Ltd 12 2.709 282 4 32 0.337 2.372 Daiwa Securities 13 2.166 1,554 20 20 1.557 0.609 DBS Group 13 2.537 264 2 - - 2.537 Macquarie 14 2.072 1,487 9 12 2.358 -0.286 Bank of China 14 2.181 227 2 - - 2.181 Haitong Securities Co Ltd 15 1.784 1,280 27 16 1.929 -0.145 Citi 15 1.659 173 2 6 2.822 -1.163 China Securities Co Ltd 16 1.752 1,257 14 22 1.296 0.456 Western Securities Co Ltd 16 1.164 121 1 - - 1.164 China Merchants Securities 17 1.705 1,223 16 24 1.092 0.613 GF Securities 16 1.164 121 1 - - 1.164 China International Capital Corp 18 1.640 1,177 14 30 0.804 0.836 China Securities Co Ltd 18 1.147 119 1 15 1.026 0.121 Guosen Securities Co Ltd 19 1.620 1,162 16 42 0.494 1.126 Hongta Securities Co Ltd 19 1.105 115 1 - - 1.105 Guotai Junan Securities Co Ltd 20 1.572 1,128 16 19 1.604 -0.032 Pacific Securities Co Ltd 20 1.002 104 1 - - 1.002 TOTAL 100% 71,749 981 100% TOTAL 100% 10,407 67 100%

Bloomberg League Table Reports Page 17 Bloomberg Global Equity | H1 2017

APAC ex-Japan Equity, Equity Linked & Rights APAC ex-Japan Equity & Equity Linked H1 2017 H1 2016 H1 2017 H1 2016

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 6.394 4,575 17 8 3.233 3.161 Goldman Sachs 1 6.657 4,315 15 6 3.796 2.861 Morgan Stanley 2 5.928 4,241 26 1 13.206 -7.278 Morgan Stanley 2 6.544 4,241 26 1 15.432 -8.888 Citi 3 5.245 3,753 27 4 3.948 1.297 Citi 3 5.325 3,452 25 3 4.635 0.690 UBS 4 4.794 3,430 22 5 3.927 0.867 CITIC Securities Co Ltd 4 3.692 2,393 21 8 2.665 1.027 CITIC Securities Co Ltd 5 3.345 2,393 21 9 3.129 0.216 Bank of America Merrill Lynch 5 3.453 2,238 14 13 1.719 1.734 GF Securities 6 3.259 2,332 27 13 1.783 1.476 China International Capital Corp 6 3.320 2,152 17 15 1.641 1.679 Bank of America Merrill Lynch 7 3.128 2,238 14 16 1.464 1.664 UBS 7 3.229 2,093 17 5 3.906 -0.677 China International Capital Corp 8 3.008 2,152 17 17 1.398 1.610 GF Securities 8 2.814 1,824 25 9 2.093 0.721 Macquarie 9 2.611 1,868 11 12 1.931 0.680 Deutsche Bank 9 2.428 1,574 20 2 8.869 -6.441 Haitong Securities Co Ltd 10 2.342 1,676 29 11 2.164 0.178 Macquarie 10 2.294 1,487 9 10 2.068 0.226 Deutsche Bank 11 2.200 1,574 20 2 7.791 -5.591 China Securities Co Ltd 11 2.124 1,377 15 16 1.477 0.647 China Securities Co Ltd 12 1.924 1,377 15 18 1.258 0.666 Haitong Securities Co Ltd 12 1.975 1,280 27 14 1.693 0.282 JP Morgan 13 1.798 1,287 8 3 4.008 -2.210 China Merchants Securities 13 1.887 1,223 16 21 0.958 0.929 Credit Suisse 14 1.780 1,274 14 6 3.799 -2.019 JP Morgan 14 1.831 1,187 7 4 4.327 -2.496 China Merchants Securities 15 1.710 1,223 16 26 0.816 0.894 Guosen Securities Co Ltd 15 1.793 1,162 16 29 0.662 1.131 Guosen Securities Co Ltd 16 1.625 1,162 16 35 0.564 1.061 Guotai Junan Securities Co Ltd 16 1.740 1,128 16 12 1.789 -0.049 Guotai Junan Securities Co Ltd 17 1.584 1,134 18 14 1.734 -0.150 Credit Suisse 17 1.584 1,027 12 7 3.329 -1.745 ICICI 18 1.467 1,050 9 21 1.027 0.440 NH Investment & Securities Co Ltd 18 1.561 1,012 11 37 0.557 1.004 NH Investment & Securities Co Ltd 19 1.414 1,012 11 42 0.474 0.940 ICICI 19 1.548 1,003 8 19 1.206 0.342 Everbright Securities Co 20 1.393 997 7 34 0.578 0.815 Everbright Securities Co 20 1.538 997 7 36 0.557 0.981 TOTAL 100% 71,550 1,017 100% TOTAL 100% 64,817 941 100%

APAC ex-Japan Equity Offerings APAC ex-Japan Equity IPO H1 2017 H1 2016 H1 2017 H1 2016

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 6.254 3,590 14 3 4.727 1.527 GF Securities 1 4.911 1,703 24 14 2.324 2.587 Morgan Stanley 2 6.126 3,517 25 1 10.650 -4.524 Citi 2 4.644 1,610 14 2 3.686 0.958 Citi 3 5.712 3,279 23 2 5.750 -0.038 China Securities Co Ltd 3 3.627 1,257 14 12 2.642 0.985 Bank of America Merrill Lynch 4 3.899 2,238 14 12 2.275 1.624 CITIC Securities Co Ltd 4 3.439 1,192 17 4 3.527 -0.088 GF Securities 5 2.966 1,703 24 8 2.793 0.173 Haitong Securities Co Ltd 5 3.426 1,188 25 3 3.591 -0.165 CITIC Securities Co Ltd 6 2.906 1,668 20 11 2.334 0.572 China Merchants Securities 6 3.379 1,171 15 15 2.290 1.089 Deutsche Bank 7 2.656 1,525 19 6 2.958 -0.302 Guosen Securities Co Ltd 7 3.353 1,162 16 30 1.036 2.317 Macquarie 8 2.590 1,487 9 9 2.760 -0.170 Guotai Junan Securities Co Ltd 8 3.240 1,123 15 10 2.755 0.485 Haitong Securities Co Ltd 9 2.230 1,280 27 13 2.258 -0.028 China International Capital Corp 9 3.048 1,057 12 19 1.686 1.362 China Securities Co Ltd 10 2.190 1,257 14 18 1.517 0.673 Essence Securities Co Ltd 10 2.546 883 10 5 3.424 -0.878 China Merchants Securities 11 2.131 1,223 16 20 1.279 0.852 Sinolink Securities Co Ltd 11 2.410 835 15 65 0.307 2.103 UBS 12 2.093 1,201 15 4 4.196 -2.103 NH Investment & Securities Co Ltd 12 2.306 800 9 35 0.684 1.622 JP Morgan 13 2.067 1,187 7 7 2.830 -0.763 JP Morgan 13 2.092 725 3 9 3.096 -1.004 China International Capital Corp 14 2.050 1,177 14 26 0.942 1.108 Korea Investment & Securities Co 14 1.962 680 6 53 0.550 1.412 Guosen Securities Co Ltd 15 2.025 1,162 16 38 0.578 1.447 Morgan Stanley 15 1.832 635 6 8 3.169 -1.337 Guotai Junan Securities Co Ltd 16 1.965 1,128 16 16 1.877 0.088 Shenwan Hongyuan Group Co Ltd 16 1.711 593 9 54 0.544 1.167 Credit Suisse 17 1.789 1,027 12 5 4.104 -2.315 KB Securities Co Ltd 17 1.689 585 4 - - 1.689 NH Investment & Securities Co Ltd 18 1.762 1,012 11 35 0.743 1.019 China Construction Bank 18 1.611 559 9 13 2.631 -1.020 ICICI 19 1.747 1,003 8 17 1.608 0.139 Deutsche Bank 19 1.440 499 9 16 2.157 -0.717 Essence Securities Co Ltd 20 1.538 883 10 15 1.941 -0.403 Dongxing Securities Co Ltd 20 1.385 480 5 91 0.187 1.198 TOTAL 100% 57,402 881 100% TOTAL 100% 34,668 506 100%

Bloomberg League Table Reports Page 18 Bloomberg Global Equity | H1 2017

APAC ex-Japan Equity Linked APAC ex-Japan Equity, EQL & Rights ex-CH A Shrs H1 2017 H1 2016 H1 2017 H1 2016

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(%) China International Capital Corp 1 13.155 975 3 4 3.735 9.420 Goldman Sachs 1 7.863 3,850 16 7 3.684 4.179 UBS 2 12.021 891 2 6 3.037 8.984 Morgan Stanley 2 7.100 3,477 24 1 16.023 -8.923 Morgan Stanley 3 9.773 725 1 1 29.737 -19.964 Citi 3 6.691 3,276 20 4 4.787 1.904 Everbright Securities Co 3 9.773 725 1 - - 9.773 UBS 4 5.524 2,705 21 5 4.779 0.745 Goldman Sachs 3 9.773 725 1 14 1.011 8.762 Bank of America Merrill Lynch 5 4.570 2,238 14 11 1.871 2.699 CITIC Securities Co Ltd 3 9.773 725 1 5 3.658 6.115 Macquarie 6 3.814 1,868 11 9 2.467 1.347 Fubon Securities Co 7 4.651 345 2 25 0.494 4.157 Credit Suisse 7 2.601 1,274 14 6 4.578 -1.977 KGI Securities Co Ltd 8 4.145 307 5 13 1.098 3.047 Deutsche Bank 8 2.523 1,235 14 2 9.582 -7.059 Yuanta Securities Co Ltd 9 3.802 282 4 29 0.447 3.355 JP Morgan 9 2.429 1,190 7 3 5.043 -2.614 DBS Group 10 3.561 264 2 - - 3.561 ICICI 10 2.144 1,050 9 14 1.312 0.832 Bank of China 11 3.061 227 2 - - 3.061 NH Investment & Securities Co Ltd 11 2.066 1,012 11 32 0.606 1.460 Citi 12 2.329 173 2 12 1.299 1.030 HSBC 12 1.852 907 8 18 1.124 0.728 Western Securities Co Ltd 13 1.634 121 1 - - 1.634 Haitong Securities Co Ltd 13 1.724 844 14 8 2.764 -1.040 GF Securities 13 1.634 121 1 - - 1.634 IIFL Holdings Ltd 14 1.601 784 4 81 0.166 1.435 China Securities Co Ltd 15 1.610 119 1 11 1.359 0.251 China Construction Bank 15 1.545 757 10 16 1.227 0.318 Hongta Securities Co Ltd 16 1.551 115 1 - - 1.551 Bangkok Bank PCL 16 1.450 710 3 40 0.422 1.028 Pacific Securities Co Ltd 17 1.406 104 1 - - 1.406 CITIC Securities Co Ltd 17 1.390 681 9 15 1.238 0.152 Bangkok Bank PCL 18 1.391 103 1 - - 1.391 Korea Investment & Securities Co 18 1.389 680 6 61 0.270 1.119 Cathay Securities Co Ltd 19 0.816 60 3 33 0.246 0.570 China Merchants Securities 19 1.274 624 7 69 0.232 1.042 Taishin Financial Holding Co Ltd 20 0.720 53 6 30 0.431 0.289 China International Capital Corp 20 1.247 611 10 12 1.511 -0.264 TOTAL 100% 7,414 60 100% TOTAL 100% 48,967 779 100%

Bloomberg League Table Reports Page 19 Bloomberg Global Equity | H1 2017

Australia/New Zealand Equity, EQL & Rights Australia/New Zealand Equity & Rights Offerings H1 2017 H1 2016 H1 2017 H1 2016

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(%) Macquarie 1 29.406 1,787 10 2 15.034 14.372 Macquarie 1 29.406 1,787 10 2 15.034 14.372 UBS 2 22.555 1,371 10 1 20.780 1.775 UBS 2 22.555 1,371 10 1 20.780 1.775 Goldman Sachs 3 9.073 551 4 11 1.939 7.134 Goldman Sachs 3 9.073 551 4 11 1.939 7.134 Morgans 4 4.200 255 11 6 6.429 -2.229 Morgans 4 4.200 255 11 6 6.429 -2.229 Taylor Collison Ltd 5 3.097 188 7 21 0.503 2.594 Taylor Collison Ltd 5 3.097 188 7 21 0.503 2.594 Credit Suisse 6 2.623 159 3 4 10.792 -8.169 Credit Suisse 6 2.623 159 3 4 10.792 -8.169 Ord Minnett Ltd 7 2.534 154 4 25 0.314 2.220 Ord Minnett Ltd 7 2.534 154 4 25 0.314 2.220 Deutsche Bank 8 2.509 152 4 5 6.645 -4.136 Deutsche Bank 8 2.509 152 4 5 6.645 -4.136 Moelis & Co 9 2.370 144 6 16 0.917 1.453 Moelis & Co 9 2.370 144 6 16 0.917 1.453 Bell Potter Securities Limited 10 2.189 133 11 7 3.451 -1.262 Bell Potter Securities Limited 10 2.189 133 11 7 3.451 -1.262 Wilsons Corporate Finance Ltd 11 1.826 111 7 - - 1.826 Wilsons Corporate Finance Ltd 11 1.826 111 7 - - 1.826 Commonwealth Bank Australia 12 1.769 108 2 - - 1.769 Commonwealth Bank Australia 12 1.769 108 2 - - 1.769 Hartleys Ltd 13 1.410 86 6 15 1.349 0.061 Hartleys Ltd 13 1.410 86 6 15 1.349 0.061 Petra Capital Pty Ltd 14 1.202 73 6 17 0.632 0.570 Petra Capital Pty Ltd 14 1.202 73 6 17 0.632 0.570 RBS 15 1.150 70 9 - - 1.150 RBS 15 1.150 70 9 - - 1.150 Veritas Securities Ltd 16 1.086 66 4 62 0.032 1.054 Veritas Securities Ltd 16 1.086 66 4 62 0.032 1.054 Forsyth Barr Ltd 17 0.968 59 1 12 1.779 -0.811 Forsyth Barr Ltd 17 0.968 59 1 12 1.779 -0.811 Euroz Securities 18 0.798 48 5 13 1.428 -0.630 Euroz Securities 18 0.798 48 5 13 1.428 -0.630 First NZ Capital Ltd 19 0.758 46 1 14 1.402 -0.644 First NZ Capital Ltd 19 0.758 46 1 14 1.402 -0.644 Argonaut Ltd 20 0.656 40 1 - - 0.656 Argonaut Ltd 20 0.656 40 1 - - 0.656 TOTAL 100% 6,077 177 100% TOTAL 100% 6,077 177 100%

China Equity, Equity Linked & Rights China Equity IPO H1 2017 H1 2016 H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (CNY Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (CNY Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) CITIC Securities Co Ltd 1 11.988 58,090 29 1 10.952 1.036 GF Securities 1 9.382 10,566 20 5 7.062 2.320 China International Capital Corp 2 8.189 39,682 17 7 4.691 3.498 China Securities Co Ltd 2 6.899 7,770 12 4 8.478 -1.579 Guotai Junan Securities Co Ltd 3 7.704 37,333 21 5 5.699 2.005 Guosen Securities Co Ltd 3 6.426 7,237 15 10 3.609 2.817 China Securities Co Ltd 4 7.437 36,035 25 9 4.176 3.261 CITIC Securities Co Ltd 4 6.038 6,800 11 7 5.029 1.009 Huatai Securities Co Ltd 5 5.513 26,712 18 8 4.519 0.994 Guotai Junan Securities Co Ltd 5 5.831 6,568 9 9 3.658 2.173 Haitong Securities Co Ltd 6 4.373 21,192 23 10 3.883 0.490 Essence Securities Co Ltd 6 5.366 6,044 10 1 11.877 -6.511 GF Securities 7 3.982 19,293 30 2 7.075 -3.093 Haitong Securities Co Ltd 7 5.092 5,735 15 - - 5.092 Guosen Securities Co Ltd 8 3.525 17,080 20 4 5.872 -2.347 Sinolink Securities Co Ltd 8 4.809 5,416 12 20 1.058 3.751 UBS 9 3.217 15,589 5 45 0.310 2.907 China International Capital Corp 9 4.255 4,792 5 - - 4.255 Industrial Securities Co Ltd 10 3.109 15,064 18 16 1.583 1.526 China Merchants Securities 10 3.662 4,125 9 6 6.156 -2.494 China Merchants Securities 11 2.940 14,244 19 13 2.499 0.441 Shenwan Hongyuan Group Co Ltd 11 3.604 4,059 8 - - 3.604 Bank of China 12 2.562 12,416 6 20 1.373 1.189 Citi 12 2.913 3,281 7 21 0.928 1.985 Essence Securities Co Ltd 13 2.245 10,879 12 11 3.736 -1.491 Dongxing Securities Co Ltd 13 2.799 3,152 2 32 0.654 2.145 Goldman Sachs 14 2.183 10,580 3 14 2.041 0.142 Industrial Securities Co Ltd 14 2.775 3,126 10 28 0.683 2.092 Shenwan Hongyuan Group Co Ltd 15 2.107 10,211 14 27 0.893 1.214 Soochow Securities Ltd 15 2.447 2,756 7 - - 2.447 Tianfeng Securities Co Ltd 16 1.972 9,556 7 31 0.710 1.262 Minsheng Securities Co Ltd 16 2.280 2,568 9 29 0.671 1.609 Deutsche Bank 17 1.872 9,069 11 3 5.977 -4.105 Ping An Insurance Group Co 17 2.025 2,280 3 - - 2.025 Sinolink Securities Co Ltd 18 1.723 8,349 17 12 2.996 -1.273 Huatai Securities Co Ltd 18 1.783 2,008 7 2 10.457 -8.674 Soochow Securities Ltd 19 1.591 7,710 9 18 1.520 0.071 Deutsche Bank 19 1.766 1,989 5 39 0.531 1.235 Citi 20 1.458 7,064 10 17 1.553 -0.095 Zheshang Securities Co Ltd 20 1.681 1,893 3 - - 1.681 TOTAL 100% 484,555 388 100% TOTAL 100% 112,627 226 100%

Bloomberg League Table Reports Page 20 Bloomberg Global Equity | H1 2017

Hong Kong Equity & Rights Offerings Hong Kong Equity Offerings H1 2017 H1 2016 H1 2017 H1 2016

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 14.892 2,298 7 2 9.298 5.594 Goldman Sachs 1 16.258 2,298 7 2 10.676 5.582 Morgan Stanley 2 10.492 1,619 14 1 14.038 -3.546 Morgan Stanley 2 11.455 1,619 14 1 16.119 -4.664 Bank of America Merrill Lynch 3 7.766 1,198 8 25 0.825 6.941 Bank of America Merrill Lynch 3 8.479 1,198 8 23 0.948 7.531 Haitong Securities Co Ltd 4 5.176 799 12 3 9.185 -4.009 China Merchants Securities 4 4.413 624 7 24 0.887 3.526 China Construction Bank 5 4.964 766 11 6 4.077 0.887 China Construction Bank 5 4.019 568 10 5 4.682 -0.663 China Merchants Securities 6 4.042 624 7 27 0.772 3.270 China International Capital Corp 6 3.261 461 8 15 1.922 1.339 China International Capital Corp 7 2.987 461 8 15 1.674 1.313 China Merchants Bank 7 3.102 439 7 11 3.352 -0.250 China Merchants Bank 8 2.842 439 7 4 6.515 -3.673 Agricultural Bank of China Ltd 8 3.098 438 6 8 3.609 -0.511 Agricultural Bank of China Ltd 9 2.838 438 6 10 3.143 -0.305 HSBC 9 3.076 435 4 32 0.520 2.556 HSBC 10 2.818 435 4 17 1.124 1.694 Haitong Securities Co Ltd 10 2.852 403 10 3 7.027 -4.175 CITIC Securities Co Ltd 11 2.537 392 6 7 3.850 -1.313 CITIC Securities Co Ltd 11 2.770 392 6 6 4.420 -1.650 UBS 12 2.306 356 5 35 0.453 1.853 UBS 12 2.518 356 5 32 0.520 1.998 Kingston Financial Group Ltd 13 2.154 332 18 8 3.775 -1.621 Bank of China 13 2.286 323 7 10 3.362 -1.076 Bank of China 14 2.094 323 7 11 2.928 -0.834 Everbright Securities Co 14 1.925 272 6 16 1.850 0.075 Everbright Securities Co 15 1.763 272 6 16 1.612 0.151 BNP Paribas 15 1.324 187 7 13 2.402 -1.078 BNP Paribas 16 1.213 187 7 12 2.763 -1.550 Guotai Junan Securities Co Ltd 16 1.248 176 7 7 3.997 -2.749 Guotai Junan Securities Co Ltd 17 1.180 182 9 9 3.721 -2.541 JP Morgan 17 1.235 175 2 26 0.867 0.368 JP Morgan 18 1.131 175 2 29 0.755 0.376 GF Securities 18 1.175 166 4 4 5.142 -3.967 GF Securities 19 1.095 169 5 5 4.478 -3.383 Zhongtai International Securities Ltd 19 1.141 161 4 31 0.633 0.508 Zhongtai International Securities Ltd 20 1.046 161 4 26 0.780 0.266 Industrial & Comm Bank of China 20 1.096 155 4 22 1.020 0.076 TOTAL 100% 15,431 213 100% TOTAL 100% 14,134 183 100%

India Equity & Rights Offering Indonesia Equity & Rights Offering H1 2017 H1 2016 H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (INR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (IDR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Citi 1 14.664 103,062 10 1 25.456 -10.792 Morgan Stanley 1 18.884 1,800,000 1 - - 18.884 ICICI 2 9.797 68,852 9 2 14.818 -5.021 UBS 1 18.884 1,800,000 1 4 6.219 12.665 Bank of America Merrill Lynch 3 9.008 63,311 4 - - 9.008 Credit Suisse 1 18.884 1,800,000 1 1 36.693 -17.809 Morgan Stanley 4 8.953 62,926 4 8 5.050 3.903 Bahana Securities 4 5.233 498,820 3 8 2.510 2.723 Deutsche Bank 5 7.299 51,295 5 6 5.188 2.111 Yuanta Financial Holding Co Ltd 5 5.154 491,250 1 - - 5.154 IIFL Holdings Ltd 6 7.199 50,599 4 11 1.855 5.344 Trimegah Securities 6 4.217 401,953 2 11 1.020 3.197 JM Financial Ltd 7 5.152 36,206 4 12 1.819 3.333 RHB 7 2.847 271,333 2 - - 2.847 State Bank of India 8 4.753 33,405 9 4 6.989 -2.236 BCA Sekuritas PT 8 2.448 233,333 1 - - 2.448 Kotak Mahindra Bank Ltd 9 4.548 31,967 4 7 5.176 -0.628 DBS Group 8 2.448 233,333 1 - - 2.448 Edelweiss Financial Services Ltd 10 4.266 29,982 9 3 11.472 -7.206 Lautandhana Securindo PT 10 2.252 214,670 4 13 0.411 1.841 Axis Bank Ltd 11 3.483 24,477 9 10 2.796 0.687 Indo Premier Securities 11 2.197 209,449 2 3 7.154 -4.957 Motilal Oswal Investment Advisors 12 3.318 23,317 6 13 1.439 1.879 Ciptadana Sekuritas 12 2.164 206,250 2 - - 2.164 Credit Suisse 13 2.962 20,815 3 19 0.516 2.446 Buana Capital PT 13 1.888 180,000 1 - - 1.888 JP Morgan 14 2.246 15,788 1 17 0.550 1.696 MNC Securities Tbk PT 14 1.867 178,000 1 - - 1.867 IDFC Bank Ltd 15 1.954 13,732 2 9 4.913 -2.959 Mandiri Sekuritas PT 14 1.867 178,000 1 2 23.334 -21.467 ITI Securities Ltd 16 1.908 13,410 2 - - 1.908 Sinarmas Securities PT 16 1.842 175,625 2 7 4.422 -2.580 CITIC Securities Co Ltd 17 1.745 12,267 1 - - 1.745 CITIC Securities Co Ltd 17 1.806 172,153 1 - - 1.806 Nomura 18 1.066 7,491 4 - - 1.066 CIMB 18 1.377 131,250 1 - - 1.377 IDBI Bank Ltd 19 0.882 6,200 3 - - 0.882 UOB Kay Hian Pvt Ltd 19 0.844 80,430 1 14 0.216 0.628 Equirus Capital Pvt Ltd 20 0.590 4,150 2 - - 0.590 Erdikha Elit Sekuritas PT 20 0.456 43,451 3 15 0.098 0.358 TOTAL 100% 702,811 98 100% TOTAL 100% 9,531,933 21 100%

Bloomberg League Table Reports Page 21 Bloomberg Global Equity | H1 2017

Malaysia Equity & Rights Offering Singapore Equity & Rights Offering H1 2017 H1 2016 H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (MYR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) CIMB 1 22.779 1,162 3 1 21.971 0.808 DBS Group 1 28.362 298 7 1 23.203 5.159 RHB 2 16.938 864 12 4 9.578 7.360 BNP Paribas 2 15.011 158 1 9 3.851 11.160 Maybank 3 13.827 705 2 3 15.761 -1.934 UBS 3 10.196 107 1 - - 10.196 Hong Leong Investment Bank Bhd 4 13.470 687 5 9 1.912 11.558 UOB Kay Hian Pvt Ltd 4 9.129 96 6 10 2.151 6.978 UOB Kay Hian Pvt Ltd 5 12.665 646 1 - - 12.665 Credit Suisse 5 4.925 52 2 3 11.748 -6.823 Kenanga Investment Bank Bhd 6 7.579 387 9 13 0.764 6.815 Deutsche Bank 5 4.925 52 2 7 7.897 -2.972 Affin Hwang Capital 7 7.129 364 3 6 9.065 -1.936 Maybank 7 3.500 37 2 - - 3.500 M&A Securities Sdn Bhd 8 1.780 91 12 7 4.977 -3.197 Haitong Securities Co Ltd 8 3.231 34 1 - - 3.231 TA Securities Holdings Bhd 9 1.532 78 19 14 0.602 0.930 Bank of China 8 3.231 34 1 - - 3.231 AmInvestment Bank Bhd 10 1.162 59 1 8 4.606 -3.444 Nomura 10 3.009 32 1 - - 3.009 Mercury Securities Sdn Bhd 11 1.040 53 6 10 1.321 -0.281 Phillip Securities Pte Ltd 11 2.775 29 1 - - 2.775 KAF Investment Bank Bhd 12 0.098 5 2 11 1.165 -1.067 Bank of America Merrill Lynch 12 2.715 29 1 - - 2.715 ------China International Capital Corp 13 1.917 20 1 7 7.897 -5.980 ------SAC Capital Private Ltd 14 1.804 19 3 12 0.288 1.516 ------HSBC 15 1.786 19 1 - - 1.786 ------United Overseas Bank 15 1.786 19 1 4 8.945 -7.159 ------Hong Leong Investment Bank Bhd 17 1.323 14 1 - - 1.323 ------Zico Holdings Inc 18 0.377 4 1 - - 0.377 ------TOTAL 100% 5,100 69 100% TOTAL 100% 1,050 20 100%

Taiwan Equity & Equity Linked Thailand Equity & Rights Offering H1 2017 H1 2016 H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (TWD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (THB Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Fubon Securities Co 1 30.321 11,655 4 5 7.946 22.375 Bangkok Bank PCL 1 36.451 20,895 2 2 25.926 10.525 KGI Securities Co Ltd 2 20.720 7,965 13 2 12.693 8.027 Siam Commercial Bank PCL 2 14.849 8,512 2 - - 14.849 Yuanta Securities Co Ltd 3 18.731 7,200 3 3 11.023 7.708 Maybank 3 12.108 6,941 2 14 0.611 11.497 Taishin Financial Holding Co Ltd 4 6.346 2,439 11 7 5.867 0.479 CIMB 4 10.176 5,833 1 - - 10.176 Grand Fortune Securities Co 5 5.226 2,009 6 11 3.920 1.306 Tisco Bank PCL 4 10.176 5,833 1 3 7.513 2.663 Goldman Sachs 6 4.123 1,585 1 12 3.885 0.238 CITIC Securities Co Ltd 6 5.255 3,012 1 6 4.093 1.162 SinoPac Financial Holdings Co Ltd 7 1.826 702 3 10 4.605 -2.779 Finansa Securities Ltd 7 2.771 1,589 1 3 7.513 -4.742 Land Bank of Taiwan 8 1.821 700 1 - - 1.821 Phatra Securities PCL 7 2.771 1,589 1 - - 2.771 President Securities 9 1.819 699 3 19 0.499 1.320 Thanachart Capital PCL 9 1.371 786 1 - - 1.371 Capital Securities Corp 10 1.598 614 3 15 1.115 0.483 Nomura 10 1.156 663 2 8 2.873 -1.717 Mega Securities Co Ltd 11 1.301 500 1 17 0.656 0.645 Tisco Securities Co Ltd 11 1.110 636 1 5 4.126 -3.016 Waterland Securities Co Ltd 12 1.171 450 2 20 0.374 0.797 Asia Plus Securities 12 0.523 300 1 - - 0.523 Horizon Securities Co Ltd 13 0.885 340 2 8 4.992 -4.107 Asia Wealth Securities Co Ltd 13 0.513 294 1 - - 0.513 First Securities Inc 14 0.873 335 3 14 1.747 -0.874 Apple Wealth Securities Co Ltd 13 0.513 294 1 - - 0.513 Cathay Securities Co Ltd 15 0.832 320 2 13 3.014 -2.182 RHB 15 0.256 147 1 11 0.801 -0.545 Yuanta Financial Holding Co Ltd 16 0.780 300 1 - - 0.780 ------Masterlink Securities 17 0.643 247 2 16 0.958 -0.315 ------E.Sun Financial Holding Co Ltd 18 0.546 210 1 - - 0.546 ------Jih Sun Securities Co Ltd 19 0.231 89 2 21 0.274 -0.043 ------Ta Ching Securities 20 0.145 56 1 22 0.060 0.085 ------TOTAL 100% 38,438 66 100% TOTAL 100% 57,324 14 100%

Bloomberg League Table Reports Page 22 Bloomberg Global Equity | H1 2017

South Korea Equity Offerings Japan Equity Offerings (Fiscal Year) H1 2017 H1 2016 H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (KRW Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (JPY Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) NH Investment & Securities Co Ltd 1 15.579 1,152,068 11 5 7.154 8.425 Morgan Stanley 1 17.196 118,153 6 4 15.324 1.872 Goldman Sachs 2 11.407 843,580 3 9 4.137 7.270 Nomura 2 16.072 110,429 14 3 16.087 -0.015 Citi 3 10.533 778,905 2 3 10.993 -0.460 Daiwa Securities 3 15.434 106,043 8 5 13.685 1.749 Korea Investment & Securities Co 4 10.475 774,629 6 13 2.976 7.499 Mizuho Financial 4 13.928 95,696 6 2 17.209 -3.281 JP Morgan 5 9.631 712,189 2 8 5.392 4.239 Bank of America Merrill Lynch 5 13.429 92,269 2 6 10.015 3.414 KB Securities Co Ltd 6 8.974 663,612 4 14 1.982 6.992 JP Morgan 6 11.413 78,414 1 - - 11.413 Morgan Stanley 7 8.280 612,283 2 4 8.886 -0.606 Sumitomo Mitsui Financial 7 9.551 65,621 7 1 24.481 -14.930 Mirae Asset Daewoo Co Ltd 8 6.266 463,365 6 7 5.597 0.669 Deutsche Bank 8 1.111 7,636 1 - - 1.111 Credit Suisse 9 5.000 369,769 2 1 17.052 -12.052 Credit Suisse 9 0.582 4,000 1 - - 0.582 Samsung Securities Co Ltd 10 4.298 317,866 2 10 3.262 1.036 UBS 10 0.414 2,841 1 7 1.807 -1.393 HSBC 11 3.885 287,282 2 - - 3.885 Goldman Sachs 11 0.384 2,641 1 - - 0.384 Nomura 12 1.454 107,489 1 23 0.132 1.322 SBI Holdings Inc/Japan 12 0.286 1,968 3 9 0.608 -0.322 Shinhan Financial Group Co Ltd 13 1.224 90,480 3 11 3.173 -1.949 Tokai Tokyo Securities Co Ltd 13 0.112 768 1 - - 0.112 KTB Investment & Securities Co Ltd 14 1.054 77,909 3 - - 1.054 Okasan Securities Group Inc 14 0.089 610 2 - - 0.089 Hana Financial Group Inc 15 0.620 45,815 3 18 0.886 -0.266 ------Daishin Securities 16 0.605 44,774 3 6 7.092 -6.487 ------Kiwoom Securities Co Ltd 17 0.189 14,000 1 20 0.364 -0.175 ------Hanwha Investment & Securities Co Ltd 18 0.183 13,500 2 12 3.029 -2.846 ------Industrial Bank of Korea 19 0.108 8,000 1 27 0.076 0.032 ------Kyobo Securities 20 0.103 7,580 1 - - 0.103 ------TOTAL 100% 7,394,983 50 100% TOTAL 100% 687,089 34 100%

Japan Equity IPO (Fiscal Year) Japan Equity & Equity Linked (Fiscal Year) H1 2017 H1 2016 H1 2017 H1 2016

Firm Rank Mkt Share(%) Volume (JPY Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (JPY Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Nomura 1 43.830 23,521 3 5 13.375 30.455 Morgan Stanley 1 17.196 118,153 6 3 18.620 -1.424 Sumitomo Mitsui Financial 2 40.784 21,887 1 4 14.297 26.487 Nomura 2 16.072 110,429 14 1 23.072 -7.000 Morgan Stanley 3 5.197 2,789 1 2 25.819 -20.622 Daiwa Securities 3 15.434 106,043 8 5 9.313 6.121 Daiwa Securities 4 4.268 2,290 2 1 27.818 -23.550 Mizuho Financial 4 13.928 95,696 6 4 11.711 2.217 SBI Holdings Inc/Japan 5 3.667 1,968 3 6 0.675 2.992 Bank of America Merrill Lynch 5 13.429 92,269 2 7 6.815 6.614 Tokai Tokyo Securities Co Ltd 6 1.431 768 1 - - 1.431 JP Morgan 6 11.413 78,414 1 - - 11.413 Okasan Securities Group Inc 7 0.824 442 1 - - 0.824 Sumitomo Mitsui Financial 7 9.551 65,621 7 2 20.100 -10.549 ------Deutsche Bank 8 1.111 7,636 1 - - 1.111 ------Credit Suisse 9 0.582 4,000 1 - - 0.582 ------UBS 10 0.414 2,841 1 8 1.230 -0.816 ------Goldman Sachs 11 0.384 2,641 1 - - 0.384 ------SBI Holdings Inc/Japan 12 0.286 1,968 3 10 0.414 -0.128 ------Tokai Tokyo Securities Co Ltd 13 0.112 768 1 - - 0.112 ------Okasan Securities Group Inc 14 0.089 610 2 - - 0.089 ------TOTAL 100% 53,664 11 100% TOTAL 100% 687,089 34 100%

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

General Guidelines

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

Equities

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

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

Equities-Linked

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

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

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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.