LEGAL RANKINGS 1St 3Q 2019 1St 3Q2019

GLOBAL M&A MARKET REVIEW LEGAL RANKINGS 1st 3Q 2019 1st 3Q2019

GLOBAL M&A LEGAL 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 Bloomberg M&A delivers real-time coverage of the M&A market from nine countries around the world. We 4. Global M&A League Tables provide a global perspective and local insight into unique deal structures in various markets through a 6. Americas M&A Regional Review network of over 800 financial and legal advisory firms, ensuring an accurate reflection of key market trends. 7. Americas M&A League Tables Our quarterly league table rankings are a leading benchmark for legal and financial advisory performance, 10. EMEA M&A Regional Review and our Bloomberg Brief newsletter provides summary highlights of weekly M&A activity and top deal trends. 11. EMEA M&A League Tables 16. APAC M&A Regional Review Visit {NI LEAG CRL } to download copies of the final release and a full range of market specific league 17. APAC M&A League Tables table results. On the web, visit: http://www.bloomberg.com/professional/solutions/investment-banking/.

22. Disclaimer 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 Nageen Qasim +1-646-324-2878 [email protected] EMEA Madeeha Ahmad +44-20-3525-3754 [email protected] Asia Pacific Eewen Tay +65-6231-340423 [email protected]

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

Western Europe Eastern Europe USD 660.5B USD 38.9B 1. Freshfields Bruckhaus Deringer LLP 21.9% 1. Skadden Arps Slate Meagher & Flom 11.9% 2.Shearman & Sterling LLP 13.1% 2. White & Case LLP 10.9% North America 3. Linklaters LLP 13.0% 3.Latham & Watkins 8.8% USD 1.3T 1. Skadden Arps Slate Meagher & Flom LLP 19.1% 2.Sullivan & Cromwell LLP 18.9% 3.Latham & Watkins LLP 18.8%

Asia Pacific USD 693.5B Middle East & Africa 1.Latham & Watkins LLP 14.5% USD 85.2B 2. Fried Frank Harris Shriver & Jacobson LLP 14.1% 1. FriedAsia Frank Pacific Harris USD Shriver 693.5Asia & Jacobson Pacific LLP 26.9% Latin America 3. Linklaters LLP 13.9% 2.USD Allen 693.5B & Overy LLP1. Latham & Watkins LLP25.9% USD 99.0B 3. Kirkland & Ellis LLP 25.1% 1. White & Case LLP 16.6% 2.Mattos Filho Veiga Filho Marrey Quiroga 16.5% 3.Cleary Gottlieb Steen & Hamilton LLP 15.4%

Deal volume and adviser market share for any regional involvement (target, seller or acquirer) for 1st 3Q2019 DDeolume and adDea

2 Global M&A Regional Review Global M&A: Premium Breakdown 4% 1% • Global M&A deal volume reached $2.7 trillion in the first 3Q2019, representing a 10.8% decrease 0-10%

compared to the same period last year. Deals involving targets based in North America accounted 6% 14% 10-25% for $1.5 trillion of the global activity. • Cross border deals accounted for 36.23% of all announced deals. The pending divestiture of 25-50% Refinitiv Holdings Ltd by a consortium of sellers for $27.0 billion the largest cross border deal in 34% 50-75% the first 3Q2019. The number of megadeals increased by 18.9% year-over-year to $850.7 billion with the United States accounting for 82.9% of the overall volume. 41% 75-100% • Transactions involving targets based in the consumer non-cyclical industry decreased 2.0% year- 100%+ over-year to $645.0 billion even though the sector had the highest number of megadeals. Bristol- Myers Squibb Co’s announced acquisition of Celgene Corp for $88.9 billion was the largest Global M&A: Highlights of 1st 3Q2019 Global M&A: Industry Breakdown Total Value Amount % YoY Summary Date Target Acquirer Seller (Mln.) Industry (Bln.) % of Total Change Number of deals 32,262 Upjohn medicine Financial $180.0 25.5% -30.8% 7/29/19 Mylan NV Pfizer Inc $32,684.8 Volume (Bln.) $2,700.0 business/Pfizer Consumer Non-cyclical $175.6 24.8% 48.8% London Stock Avg Deal Size (Mln.) $83.7 Multiple Communications $77.5 11.0% -13.8% 1/8/19 Refinitiv Holdings Ltd Exchange Group $27,000.0 Sellers PLC Industrial $73.7 10.4% -18.3% Top Adviser Consumer Cyclical $67.4 9.5% -7.5% 8/13/19 Viacom Inc CBS Corp - $20,456.1 Wachtell Lipton Rosen & Katz Technology $54.8 7.7% -50.1% Number of deals 51 Bristol-Myers Energy $45.8 6.5% -71.4% 8/26/19 Otezla/Celgene Corp Amgen Inc $13,400.0 Squibb Co Volume (Bln.) $517.0 Basic Materials $21.5 3.0% -60.4% Global M&A Review | 1st 3Q2019 Anheuser- Avg Deal Size (Bln.) $10.1 Asahi Group Utilities $9.9 1.4% 23.1% 7/19/19 Cub Pty Ltd Busch InBev $11,283.2 Holdings Ltd SA Diversified $0.7 0.1% 32.1%

Global M&A: Quarterly Volume Global M&A: Deal Type Breakdown Amount % Change % Change $1,400 14,000 Deal Type (Bln.) Deal Count Volume $1,200 12,000 Company Takeover $324.8 -15.9% -34.4% $1,000 10,000 Cross Border $351.0 -14.0% -15.8% $800 8,000 Private Equity $234.5 -9.9% -16.4% $600 6,000 Asset sale $216.8 -16.8% 38.0% $400 4,000 Tender Offer $37.1 -21.9% 29.9% Venture Capital $44.5 2.3% -31.5% $200 2,000 Spin-off $4.7 -42.9% -78.5% $0 0 2014 Q3 2015 Q3 2016 Q3 2017 Q3 2018 Q3 2019 Q3 Minority purchase $95.7 -4.3% -26.7% Majority purchase $48.3 -23.4% -35.5% Volume $(Bln.) Deal Count Quarterly Volume represents any involvement (target, seller, or acquirer). 3 Global Announced Deals (By Volume) 01/01/2019 - 09/23/2019 Global Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Wachtell Lipton Rosen & Katz 1 19.1 516,960 51 4 10.7 8.5 Kirkland & Ellis LLP 1 15.2 409,068 452 2 6.8 8.4 Kirkland & Ellis LLP 2 15.2 409,068 452 14 6.8 8.4 Orrick Herrington & Sutcliffe LLP 2 0.6 16,760 355 13 0.7 -0.1 Sullivan & Cromwell LLP 3 14.3 386,278 111 3 11.9 2.4 Jones Day 3 6.7 180,512 343 1 4.7 2.0 Davis Polk & Wardwell LLP 4 12.2 330,126 90 2 12.0 0.2 Latham & Watkins LLP 4 8.3 223,603 305 3 12.1 -3.8 Simpson Thacher & Bartlett LLP 5 11.6 312,404 119 9 8.6 2.9 DLA Piper LLP 5 0.6 15,468 243 6 3.2 -2.6 White & Case LLP 6 10.4 280,192 196 8 8.7 1.7 White & Case LLP 6 10.4 280,192 196 9 8.7 1.7 Cleary Gottlieb Steen & Hamilton LLP 7 10.3 279,221 73 5 10.7 -0.3 CMS 7 0.6 17,411 195 8 1.5 -0.9 Cravath Swaine & Moore LLP 8 10.2 275,702 61 10 8.4 1.8 McGuireWoods LLP 8 0.5 13,080 189 7 0.9 -0.4 Weil Gotshal & Manges LLP 9 9.3 250,149 150 15 6.8 2.5 Allen & Overy LLP 9 3.6 97,698 174 5 3.9 -0.3 Slaughter and May 10 8.9 239,728 47 20 4.9 4.0 Weil Gotshal & Manges LLP 10 9.3 250,149 150 15 6.8 2.5 Fried Frank Harris Shriver & Jacobson LLP 11 8.5 230,358 52 13 7.2 1.3 Clifford Chance LLP 11 6.3 170,876 148 11 4.7 1.7 Latham & Watkins LLP 12 8.3 223,603 305 1 12.1 -3.8 Goodwin Procter LLP 12 1.3 35,668 145 9 4.3 -3.0 Skadden Arps Slate Meagher & Flom LLP 13 8.0 214,721 131 6 10.5 -2.5 Ropes & Gray LLP 13 1.8 49,095 138 34 1.7 0.2 Freshfields Bruckhaus Deringer LLP 14 6.7 181,908 132 7 9.7 -2.9 Gowling WLG 13 0.3 9,222 138 24 0.2 0.2 Jones Day 15 6.7 180,512 343 21 4.7 2.0 Hogan Lovells US LLP 15 1.0 26,522 134 12 5.6 -4.6 Shearman & Sterling LLP 16 6.5 175,040 85 16 6.1 0.4 Freshfields Bruckhaus Deringer LLP 16 6.7 181,908 132 18 9.7 -2.9 Clifford Chance LLP 17 6.3 170,876 148 23 4.7 1.7 Skadden Arps Slate Meagher & Flom LLP 17 8.0 214,721 131 19 10.5 -2.5 Blake Cassels & Graydon LLP 18 5.2 140,646 74 65 1.3 4.0 Dentons 17 0.3 9,103 131 21 1.0 -0.7 Mayer Brown LLP 19 4.5 122,402 81 49 1.8 2.7 Linklaters LLP 19 2.4 65,559 128 14 7.4 -5.0 Debevoise & Plimpton LLP 20 4.5 120,579 49 41 2.6 1.9 Morgan Lewis & Bockius LLP 20 0.3 8,051 122 20 1.5 -1.2 TOTAL 2,700,315 32,199 TOTAL 2,700,315 32,199

Global Announced Deals- Principals (By Volume) 01/01/2019 - 09/23/2019 Global Announced Deals- Principals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Wachtell Lipton Rosen & Katz 1 25.6 516,960 51 1 13.7 11.9 Kirkland & Ellis LLP 1 18.9 381,417 446 2 7.4 11.5 Kirkland & Ellis LLP 2 18.9 381,417 446 9 7.4 11.5 Orrick Herrington & Sutcliffe LLP 2 0.8 16,654 354 12 1.0 -0.1 Slaughter and May 3 11.9 239,728 47 13 6.3 5.6 Jones Day 3 8.8 177,401 337 1 5.9 2.9 Simpson Thacher & Bartlett LLP 4 10.5 212,531 113 12 6.9 3.6 Latham & Watkins LLP 4 10.1 204,181 294 3 11.1 -1.0 Latham & Watkins LLP 5 10.1 204,181 294 4 11.1 -1.0 DLA Piper LLP 5 0.8 15,468 243 6 3.7 -2.9 Skadden Arps Slate Meagher & Flom LLP 6 9.8 198,098 127 2 13.2 -3.4 CMS 6 0.9 17,411 195 7 1.9 -1.1 Weil Gotshal & Manges LLP 7 9.0 181,152 146 15 5.9 3.0 McGuireWoods LLP 7 0.1 1,615 178 8 0.9 -0.8 Freshfields Bruckhaus Deringer LLP 8 8.9 179,941 131 3 12.4 -3.5 Allen & Overy LLP 8 4.8 97,299 173 5 4.8 0.1 Jones Day 9 8.8 177,401 337 16 5.9 2.9 White & Case LLP 9 6.5 130,510 163 13 2.9 3.6 Clifford Chance LLP 10 8.5 170,595 147 20 5.4 3.1 Clifford Chance LLP 10 8.5 170,595 147 10 5.4 3.1 Cravath Swaine & Moore LLP 11 8.2 165,978 39 31 3.8 4.4 Weil Gotshal & Manges LLP 11 9.0 181,152 146 15 5.9 3.0 Cleary Gottlieb Steen & Hamilton LLP 12 7.5 151,316 58 10 7.2 0.3 Goodwin Procter LLP 12 1.8 35,668 145 9 5.5 -3.7 Shearman & Sterling LLP 13 7.2 145,133 74 35 3.3 3.9 Gowling WLG 13 0.5 9,222 138 23 0.2 0.3 Sullivan & Cromwell LLP 14 7.0 141,630 76 5 10.4 -3.3 Ropes & Gray LLP 14 1.1 22,029 136 36 1.2 -0.1 White & Case LLP 15 6.5 130,510 163 37 2.9 3.6 Hogan Lovells US LLP 15 1.1 21,345 132 11 7.2 -6.1 Blake Cassels & Graydon LLP 16 6.4 128,356 73 58 1.6 4.8 Freshfields Bruckhaus Deringer LLP 16 8.9 179,941 131 17 12.4 -3.5 Mayer Brown LLP 17 6.1 122,402 81 41 2.4 3.7 Dentons 16 0.5 9,103 131 21 1.3 -0.8 Allen & Overy LLP 18 4.8 97,299 173 23 4.8 0.1 Skadden Arps Slate Meagher & Flom LLP 18 9.8 198,098 127 20 13.2 -3.4 Paul Weiss Rifkind Wharton & Garrison LLP 19 4.8 96,818 95 14 6.0 -1.2 Linklaters LLP 19 3.2 64,476 126 14 9.1 -5.9 Vinson & Elkins LLP 20 4.8 96,311 59 18 5.6 -0.9 Morgan Lewis & Bockius LLP 20 0.4 7,552 121 19 1.9 -1.6 TOTAL 2,016,163 7,819 TOTAL 2,016,163 7,819

4 Cross Border Announced Deals (By Volume) 01/01/2019 - 09/23/2019 Global Private Equity Deals (By Volume) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Simpson Thacher & Bartlett LLP 1 11.9 116,499 54 27 5.4 6.5 Simpson Thacher & Bartlett LLP 1 15.7 123,646 66 2 12.4 3.3 Freshfields Bruckhaus Deringer LLP 2 10.8 105,452 103 2 16.3 -5.6 Blake Cassels & Graydon LLP 2 15.0 117,764 26 59 1.4 13.6 Kirkland & Ellis LLP 3 9.8 96,255 131 12 8.1 1.7 White & Case LLP 3 14.3 112,564 72 7 7.8 6.5 Cleary Gottlieb Steen & Hamilton LLP 4 8.6 84,432 40 20 6.6 2.1 Clifford Chance LLP 4 13.4 105,030 79 4 9.6 3.8 Allen & Overy LLP 5 8.2 79,977 130 13 7.7 0.4 Kirkland & Ellis LLP 5 12.1 95,504 277 1 12.5 -0.4 Weil Gotshal & Manges LLP 6 7.4 72,178 75 8 9.2 -1.8 Weil Gotshal & Manges LLP 6 9.6 75,632 96 5 8.7 0.9 Clifford Chance LLP 7 7.3 71,128 119 10 8.7 -1.4 Allen & Overy LLP 7 8.2 64,641 83 15 4.9 3.3 Skadden Arps Slate Meagher & Flom LLP 8 6.7 65,868 64 15 7.3 -0.6 Freshfields Bruckhaus Deringer LLP 8 7.4 58,350 50 9 6.8 0.7 Sullivan & Cromwell LLP 9 6.5 63,725 50 1 16.7 -10.2 Skadden Arps Slate Meagher & Flom LLP 9 5.9 46,304 50 12 6.5 -0.6 White & Case LLP 10 6.3 61,720 119 28 5.0 1.3 Latham & Watkins LLP 10 5.6 43,671 189 3 9.6 -4.1 Latham & Watkins LLP 11 6.2 60,452 148 5 11.6 -5.4 Sullivan & Cromwell LLP 11 5.0 39,069 35 6 8.0 -3.0 Osler Hoskin & Harcourt LLP 12 6.0 58,946 44 35 3.3 2.7 Cravath Swaine & Moore LLP 12 4.9 38,646 16 30 2.9 2.1 Cravath Swaine & Moore LLP 13 5.0 49,227 22 26 5.7 -0.6 Dechert LLP 13 4.9 38,175 21 27 3.0 1.9 Herbert Smith Freehills LLP 14 5.0 48,484 58 9 9.0 -4.1 Osler Hoskin & Harcourt LLP 14 4.7 37,291 18 21 3.6 1.1 Blake Cassels & Graydon LLP 15 4.9 48,339 46 75 1.2 3.7 Cleary Gottlieb Steen & Hamilton LLP 15 4.6 36,422 22 18 4.0 0.6 Davis Polk & Wardwell LLP 16 4.7 45,776 35 3 12.8 -8.1 Herbert Smith Freehills LLP 16 4.5 35,169 38 37 2.4 2.1 Wachtell Lipton Rosen & Katz 17 4.6 44,504 10 14 7.4 -2.9 Corrs Chambers Westgarth 17 4.4 34,425 10 274 - 4.4 Shearman & Sterling LLP 18 4.4 42,909 35 17 7.1 -2.8 Wachtell Lipton Rosen & Katz 18 4.1 31,821 13 8 7.5 -3.5 Linklaters LLP 19 4.3 42,457 95 4 12.7 -8.3 Allens 19 3.7 29,384 22 55 1.7 2.1 Dechert LLP 20 4.0 39,234 20 51 2.0 2.0 Jones Day 20 3.3 25,845 156 19 4.0 -0.7 TOTAL 978,091 11,732 TOTAL 786,475 10,796

5 Americas M&A Regional Review Americas M&A: Country Breakdown Amount % YoY • M&A deal volume in the Americas reached $1.6 trillion in the first 3Q2019, representing a minor decrease Country (Bln.) % of Total Change of 0.8% compared to the same period last year. Transactions targeting companies in the industrial sector United States $313.9 88.2% -27.0% rose by 91.2% to $199.6 billon. The announced acquisition of Raytheon Co by United Technologies Corp Canada $27.6 7.7% -43.5% for $90.0 billion was the largest transaction globally as well as in the sector. The United States contributed Brazil $5.8 1.6% -53.5% to 87.5% of the region's total and continued to be the most targeted country for M&A transactions. Mexico $2.7 0.8% 114.4% • The consumer, non-cyclical and financial sectors were the most targeted industries in the region, contributing 31.5% and 16.1% to the overall deal volume, respectively. British Virgin Islands $1.4 0.4% 113.5% • Goldman Sachs ranked as the top financial adviser in the first 3Q2019, accounting for 43.1% of the market Colombia $1.3 0.4% 439.3% share and advising on 152 deals in the region. Chile $0.8 0.2% -65.2% Bermuda $0.1 0.0% -98.0%

Americas M&A: Highlights of 1st 3Q2019 Americas M&A: Industry Breakdown Total Value Amount % YoY Summary Date Target Acquirer Seller (Mln.) Industry (Bln.) % of Total Change Number of deals 14,139 Upjohn medicine Consumer Non-cyclical $115.0 32.3% 98.0% 7/29/19 Mylan NV Pfizer Inc $32,684.8 Volume (Bln.) $1,600.0 business/Pfizer Financial $73.3 20.6% -36.4% Avg Deal Size (Mln.) $113.2 London Stock Exchange Multiple Communications $38.4 10.8% 4.2% 1/8/19 Refinitiv Holdings Ltd $27,000.0 Group PLC Sellers Technology $36.1 10.1% -47.3% Top Adviser Industrial $32.9 9.2% 3.7% 8/13/19 Viacom Inc CBS Corp - $20,456.1 Wachtell Lipton Rosen & Katz Energy $30.6 8.6% -77.1% Number of deals 50 Bristol- Consumer Cyclical $20.5 5.8% -32.7% 8/26/19 Otezla/Celgene Corp Amgen Inc Myers $13,400.0

Volume (Bln.) $515.3 Squibb Co Basic Materials $5.7 1.6% -77.6% Global M&A Review | 1st 3Q2019 Avg Deal Size (Bln.) $10.3 Enterprise security Symantec Utilities $3.2 0.9% 33.8% 8/8/19 Broadcom Inc $10,700.0 business/Symantec Corp Corp Diversified $0.4 0.1% -21.1%

Americas M&A: Quarterly Volume Americas M&A: Deal Type Breakdown Amount % Change % Change $1,000 7,000 Deal Type (Bln.) Deal Count Volume 6,000 Company Takeover $181.1 -13.8% -43.2% $800 5,000 Cross Border $133.7 -12.1% -18.2% $600 4,000 Private Equity $124.2 -15.7% -13.3% Asset sale $120.4 -18.1% 64.0% $400 3,000 2,000 Tender Offer $6.3 -23.1% 55.3% $200 Venture Capital $24.7 -5.4% -13.6% 1,000 Spin-off $0.0 -36.0% -100.0% $0 0 2014 Q3 2015 Q3 2016 Q3 2017 Q3 2018 Q3 2019 Q3 Minority purchase $39.5 -7.8% -13.1% Majority purchase $11.7 -22.0% -46.0% Volume $(Bln.) Deal Count

Quarterly Volume represents any involvement (target, seller, or acquirer). 6 US Announced Deals (By Volume) 01/01/2019 - 09/23/2019 US Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Wachtell Lipton Rosen & Katz 1 30.8 516,960 51 4 17.9 12.9 Kirkland & Ellis LLP 1 23.9 401,663 432 1 9.9 14.0 Kirkland & Ellis LLP 2 23.9 401,663 432 13 9.9 14.0 Orrick Herrington & Sutcliffe LLP 2 0.9 14,253 268 13 0.8 0.1 Sullivan & Cromwell LLP 3 21.9 367,057 91 1 19.1 2.8 Latham & Watkins LLP 3 11.6 195,108 260 3 18.5 -6.8 Davis Polk & Wardwell LLP 4 19.1 320,206 72 3 18.4 0.7 Jones Day 4 9.6 161,412 242 2 7.1 2.5 Simpson Thacher & Bartlett LLP 5 18.5 310,564 105 7 13.8 4.7 McGuireWoods LLP 5 0.8 13,079 188 4 1.4 -0.6 Cravath Swaine & Moore LLP 6 15.7 264,338 54 8 12.7 3.1 DLA Piper LLP 6 0.5 7,507 163 6 4.6 -4.2 Cleary Gottlieb Steen & Hamilton LLP 7 15.6 261,990 53 6 15.1 0.5 Goodwin Procter LLP 7 2.0 33,963 131 5 6.8 -4.8 Weil Gotshal & Manges LLP 8 14.4 242,182 119 12 10.3 4.1 Ropes & Gray LLP 8 2.7 44,655 125 17 2.6 0.0 Fried Frank Harris Shriver & Jacobson LLP 9 13.6 227,501 44 10 12.1 1.5 Weil Gotshal & Manges LLP 9 14.4 242,182 119 10 10.3 4.1 Slaughter and May 10 13.2 221,336 20 28 5.3 7.9 Skadden Arps Slate Meagher & Flom LLP 10 12.1 203,273 111 9 16.0 -3.9 Skadden Arps Slate Meagher & Flom LLP 11 12.1 203,273 111 5 16.0 -3.9 Morgan Lewis & Bockius LLP 10 0.4 6,650 111 8 2.5 -2.1 Latham & Watkins LLP 12 11.6 195,108 260 2 18.5 -6.8 Simpson Thacher & Bartlett LLP 12 18.5 310,564 105 13 13.8 4.7 White & Case LLP 13 10.3 172,790 85 9 12.4 -2.1 Willkie Farr & Gallagher LLP 13 5.1 86,169 93 35 1.4 3.7 Jones Day 14 9.6 161,412 242 20 7.1 2.5 McDermott Will & Emery LLP Inc 14 0.8 14,007 92 21 0.9 0.0 Shearman & Sterling LLP 15 9.6 160,809 58 17 7.8 1.8 Sullivan & Cromwell LLP 15 21.9 367,057 91 16 19.1 2.8 Freshfields Bruckhaus Deringer LLP 16 9.3 155,546 53 15 7.9 1.4 Paul Weiss Rifkind Wharton & Garrison LLP 16 5.5 92,863 90 11 8.7 -3.2 Mayer Brown LLP 17 7.2 121,142 59 45 2.9 4.3 Cooley LLP 16 1.5 25,657 90 6 6.0 -4.4 Debevoise & Plimpton LLP 18 7.1 118,490 45 42 3.4 3.6 Gibson Dunn & Crutcher LLP 18 2.2 37,579 86 15 6.0 -3.8 Covington & Burling LLP 19 6.5 108,317 30 52 2.2 4.2 White & Case LLP 19 10.3 172,790 85 18 12.4 -2.1 Vinson & Elkins LLP 20 5.8 97,059 58 18 7.3 -1.5 Sidley Austin LLP 20 2.7 44,873 81 19 6.8 -4.1 TOTAL 1,679,500 15,020 TOTAL 1,679,500 15,020

US Announced Deals- Principals (By Volume) 01/01/2019 - 09/23/2019 US Announced Deals- Principals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Wachtell Lipton Rosen & Katz 1 36.1 516,960 51 1 20.9 15.2 Kirkland & Ellis LLP 1 26.1 374,011 426 1 9.9 16.3 Kirkland & Ellis LLP 2 26.1 374,011 426 7 9.9 16.3 Orrick Herrington & Sutcliffe LLP 2 1.0 14,148 267 12 0.9 0.1 Slaughter and May 3 15.5 221,336 20 21 6.2 9.3 Latham & Watkins LLP 3 12.5 179,083 251 3 14.8 -2.3 Simpson Thacher & Bartlett LLP 4 14.7 210,692 99 8 9.7 5.0 Jones Day 4 11.1 158,854 238 2 8.0 3.1 Skadden Arps Slate Meagher & Flom LLP 5 13.0 186,650 107 2 18.2 -5.1 McGuireWoods LLP 5 0.1 1,614 177 4 1.3 -1.2 Latham & Watkins LLP 6 12.5 179,083 251 4 14.8 -2.3 DLA Piper LLP 6 0.5 7,507 163 6 5.4 -4.9 Weil Gotshal & Manges LLP 7 12.1 173,184 115 18 7.9 4.2 Goodwin Procter LLP 7 2.4 33,963 131 5 7.9 -5.6 Jones Day 8 11.1 158,854 238 15 8.0 3.1 Ropes & Gray LLP 8 1.2 17,590 123 16 1.6 -0.4 Cravath Swaine & Moore LLP 9 10.9 155,744 33 34 4.2 6.7 Weil Gotshal & Manges LLP 9 12.1 173,184 115 9 7.9 4.2 Freshfields Bruckhaus Deringer LLP 10 10.9 155,546 53 9 9.2 1.7 Morgan Lewis & Bockius LLP 10 0.5 6,650 111 8 2.9 -2.4 Cleary Gottlieb Steen & Hamilton LLP 11 9.4 134,085 38 11 8.6 0.7 Skadden Arps Slate Meagher & Flom LLP 11 13.0 186,650 107 11 18.2 -5.1 Shearman & Sterling LLP 12 9.2 132,070 49 45 2.3 7.0 Simpson Thacher & Bartlett LLP 12 14.7 210,692 99 14 9.7 5.0 Sullivan & Cromwell LLP 13 8.8 125,186 57 3 15.0 -6.2 Willkie Farr & Gallagher LLP 13 3.7 53,484 92 36 1.3 2.5 Mayer Brown LLP 14 8.5 121,142 59 37 3.4 5.1 McDermott Will & Emery LLP Inc 13 1.0 14,007 92 18 1.0 0.0 Vinson & Elkins LLP 15 6.7 96,011 57 14 8.3 -1.6 Cooley LLP 15 1.8 25,376 89 7 6.4 -4.6 Davies Ward Phillips & Vineberg LLP 16 6.5 93,491 13 55 1.5 5.1 Paul Weiss Rifkind Wharton & Garrison LLP 16 6.2 89,020 88 13 8.6 -2.4 Yulchon LLC 17 6.2 89,337 6 276 0.0 6.2 Sidley Austin LLP 17 3.1 44,055 79 17 3.3 -0.2 Paul Weiss Rifkind Wharton & Garrison LLP 18 6.2 89,020 88 12 8.6 -2.4 Gibson Dunn & Crutcher LLP 17 1.7 23,871 79 15 4.7 -3.1 Anderson Mori & Tomotsune 19 6.2 88,848 3 96 0.6 5.6 Hogan Lovells US LLP 19 1.2 17,134 74 10 8.4 -7.2 McCann FitzGerald 20 5.9 83,791 2 - - 5.9 White & Case LLP 20 2.8 40,015 65 23 3.2 -0.4 TOTAL 1,430,896 4,175 TOTAL 1,430,896 4,175

7 US Private Equity Deals (By Volume) 01/01/2019 - 09/23/2019 2019 2018 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Simpson Thacher & Bartlett LLP 1 22.8 123,115 61 1 16.3 6.5 Kirkland & Ellis LLP 2 17.4 93,976 269 2 15.8 1.7 Weil Gotshal & Manges LLP 3 13.5 72,708 86 5 10.7 2.8 Allen & Overy LLP 4 10.7 57,491 38 19 4.7 5.9 Freshfields Bruckhaus Deringer LLP 5 9.4 50,688 31 13 6.2 3.2 Skadden Arps Slate Meagher & Flom LLP 6 8.4 45,335 44 9 8.2 0.2 Blake Cassels & Graydon LLP 7 8.2 44,349 15 65 1.1 7.1 Cravath Swaine & Moore LLP 8 7.2 38,646 16 26 3.8 3.4 Sullivan & Cromwell LLP 9 7.2 38,573 33 6 10.5 -3.3 Dechert LLP 10 7.1 38,175 20 25 3.8 3.3 Osler Hoskin & Harcourt LLP 11 6.8 36,727 15 22 4.0 2.8 Cleary Gottlieb Steen & Hamilton LLP 12 6.7 35,975 17 23 4.0 2.6 Latham & Watkins LLP 13 6.6 35,505 166 3 10.9 -4.4 Corrs Chambers Westgarth 14 6.3 33,815 6 - - 6.3 Wachtell Lipton Rosen & Katz 15 5.9 31,821 13 7 9.9 -4.0 White & Case LLP 16 5.9 31,733 37 8 8.5 -2.6 Herbert Smith Freehills LLP 17 5.3 28,588 13 82 0.7 4.6 Vinson & Elkins LLP 18 4.7 25,484 27 48 2.4 2.4 Sidley Austin LLP 19 4.6 24,786 42 21 4.2 0.4 Allens 20 4.6 24,578 14 115 0.3 4.2 TOTAL 539,174 6,804

8 Canada Announced Deals (By Volume) 01/01/2019 - 09/23/2019 Canada Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Osler Hoskin & Harcourt LLP 1 28.3 65,722 57 4 22.0 6.2 Gowling WLG 1 2.7 6,254 92 2 1.1 1.6 Simpson Thacher & Bartlett LLP 2 26.8 62,247 21 7 14.0 12.8 Blake Cassels & Graydon LLP 2 23.6 54,819 63 1 10.9 12.7 Blake Cassels & Graydon LLP 3 23.6 54,819 63 12 10.9 12.7 Osler Hoskin & Harcourt LLP 3 28.3 65,722 57 4 22.0 6.2 Weil Gotshal & Manges LLP 4 23.2 53,859 23 3 22.8 0.4 Fasken Martineau DuMoulin LLP 4 1.6 3,599 46 19 2.5 -0.9 Freshfields Bruckhaus Deringer LLP 5 17.3 40,236 9 10 11.4 5.9 McCarthy Tetrault LLP 5 6.5 15,136 38 6 15.9 -9.4 Dechert LLP 6 16.3 37,795 5 18 7.7 8.6 Norton Rose Fulbright LLP 6 6.0 13,836 37 10 13.8 -7.8 Herbert Smith Freehills LLP 7 15.0 34,826 6 22 6.9 8.1 Kirkland & Ellis LLP 7 12.5 29,130 32 14 3.5 9.0 Corrs Chambers Westgarth 8 14.4 33,575 4 143 - 14.4 Torys LLP 8 5.5 12,770 31 7 24.8 -19.3 Kirkland & Ellis LLP 9 12.5 29,130 32 31 3.5 9.0 Stikeman Elliott LLP 9 6.5 15,143 28 2 13.7 -7.2 Allen & Overy LLP 10 11.6 27,088 6 42 2.2 9.5 Cassels Brock & Blackwell LLP 10 7.8 18,162 24 9 0.6 7.2 Goodmans LLP 11 11.2 26,013 17 37 2.5 8.7 Miller Thomson LLP 10 0.8 1,821 24 5 0.9 -0.2 Wachtell Lipton Rosen & Katz 12 10.8 25,109 4 11 11.0 -0.2 Weil Gotshal & Manges LLP 12 23.2 53,859 23 18 22.8 0.4 Cleary Gottlieb Steen & Hamilton LLP 13 8.9 20,761 8 25 4.9 4.0 Davies Ward Phillips & Vineberg LLP 13 3.2 7,385 22 8 9.3 -6.2 Skadden Arps Slate Meagher & Flom LLP 14 8.5 19,749 16 27 4.8 3.7 Simpson Thacher & Bartlett LLP 14 26.8 62,247 21 37 14.0 12.8 Cassels Brock & Blackwell LLP 15 7.8 18,162 24 68 0.6 7.2 Latham & Watkins LLP 15 6.8 15,782 19 19 1.4 5.4 White & Case LLP 16 7.8 18,050 10 13 10.9 -3.1 Jones Day 15 4.3 10,087 19 13 2.3 2.0 King & Wood Mallesons 17 7.0 16,388 5 17 9.1 -2.1 Orrick Herrington & Sutcliffe LLP 17 0.5 1,155 18 16 0.9 -0.4 Latham & Watkins LLP 18 6.8 15,782 19 52 1.4 5.4 Goodmans LLP 18 11.2 26,013 17 12 2.5 8.7 Stikeman Elliott LLP 19 6.5 15,143 28 9 13.7 -7.2 Borden Ladner Gervais LLP 18 0.8 1,735 17 17 3.0 -2.3 McCarthy Tetrault LLP 20 6.5 15,136 38 6 15.9 -9.4 Skadden Arps Slate Meagher & Flom LLP 20 8.5 19,749 16 23 4.8 3.7 TOTAL 232,622 2,665 TOTAL 232,622 2,665

Brazil Announced Deals (By Volume) 01/01/2019 - 09/23/2019 Brazil Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Barbosa Mussnich & Aragao 1 34.1 12,486 32 10 12.2 21.9 Pinheiro Neto Advogados 1 24.1 8,844 53 2 22.7 1.5 Machado Meyer Sendacz e Opice Advogados 2 31.1 11,377 18 3 39.7 -8.6 Mattos Filho Veiga Filho Marrey Jr e Quiroga 2 21.7 7,940 38 1 41.9 -20.2 Jones Day 3 26.9 9,855 6 26 0.7 26.2 Veirano Advogados 3 3.1 1,146 34 5 0.6 2.5 Stocche Forbes Padis Filizzola e Clapis Advo 4 24.2 8,856 24 21 1.4 22.8 Barbosa Mussnich & Aragao 4 34.1 12,486 32 3 12.2 21.9 Pinheiro Neto Advogados 5 24.1 8,844 53 9 22.7 1.5 Stocche Forbes Padis Filizzola e Clapis Advo 5 24.2 8,856 24 8 1.4 22.8 Mattos Filho Veiga Filho Marrey Jr e Quiroga 6 21.7 7,940 38 2 41.9 -20.2 Machado Meyer Sendacz e Opice Advogados 6 31.1 11,377 18 5 39.7 -8.6 White & Case LLP 7 16.0 5,846 4 4 39.4 -23.4 Tozzini Freire Teixeira E Silva 7 1.2 442 17 9 35.3 -34.1 Paul Weiss Rifkind Wharton & Garrison LLP 8 8.5 3,100 1 - - 8.5 Azevedo Sette Advogados 8 2.7 979 12 17 0.0 2.7 Cravath Swaine & Moore LLP 8 8.5 3,100 1 - - 8.5 Lefosse Advogados 8 0.6 227 12 7 9.5 -8.9 Sullivan & Cromwell LLP 8 8.5 3,100 1 - - 8.5 Souza Cescon Barrieu & Flesch Advogados 10 0.6 233 10 12 36.2 -35.6 Davis Polk & Wardwell LLP 8 8.5 3,100 1 6 38.6 -30.2 Lobo de Rizzo Advogados 11 3.6 1,302 7 11 0.4 3.2 Lobo de Rizzo Advogados 12 3.6 1,302 7 32 0.4 3.2 Demarest Advogados 11 1.3 475 7 10 1.5 -0.2 Veirano Advogados 13 3.1 1,146 34 27 0.6 2.5 Jones Day 13 26.9 9,855 6 17 0.7 26.2 Simpson Thacher & Bartlett LLP 14 2.9 1,046 6 11 10.9 -8.1 Simpson Thacher & Bartlett LLP 13 2.9 1,046 6 15 10.9 -8.1 Herbert Smith Freehills LLP 15 2.7 1,000 1 - - 2.7 White & Case LLP 15 16.0 5,846 4 15 39.4 -23.4 Azevedo Sette Advogados 16 2.7 979 12 44 0.0 2.7 Shearman & Sterling LLP 16 2.3 850 3 - - 2.3 Clifford Chance LLP 17 2.6 955 2 43 0.1 2.6 Baptista Luz Advogados 16 - 2 3 - - - Covington & Burling LLP 18 2.5 905 1 18 3.5 -1.0 Wilson Sonsini Goodrich & Rosati PC 16 - 2 3 - - - Sidley Austin LLP 18 2.5 905 1 - - 2.5 Vieira Rezende Barbosa e Guerreiro Advoga 16 - - 3 - - - Cleary Gottlieb Steen & Hamilton LLP 18 2.5 905 1 1 53.0 -50.5 Clifford Chance LLP 20 2.6 955 2 38 0.1 2.6 TOTAL 36,634 397 TOTAL 36,634 397

9 EMEA M&A Regional Review EMEA M&A: Country Breakdown Amount % YoY • Deal volume for EMEA-based targets reached $617.9 billion in the first 3Q2019, a 17.7% Country (Bln.) % of Total Change decrease from the same period last year. The United Kingdom continued to be the most United Kingdom $63.2 32.8% 44.5% targeted country in the region, generating $147.4 billion in transactional value. Germany $33.6 17.4% 103.1% • M&A deal activity in the basic materials sector experienced an increase of 191.8% year-over- France $11.8 6.2% -9.6% year, partly due to The Public Investment Fund's pending divestiture of a majority stake in Netherlands $11.2 5.8% 253.2% Saudi Basic Industries Corp for $69.0 billion. This deal was the largest of the quarter in the Italy $10.4 5.4% -11.1% EMEA region. • Cross border deals in the region reached $356.5 billion, accounting for more than half of the Spain $4.8 2.5% -69.0% overall volume in the region. Finland $3.8 2.0% 87.7% Switzerland $2.4 1.2% 30.3%

EMEA M&A Highlights of 1st 3Q2019 EMEA M&A: Industry Breakdown Total Amount % YoY Summary Date Target Acquirer Seller Value Industry (Bln.) % of Total Change Anheuser- Number of deals 8,531 Asahi Group Financial $53.4 27.7% -33.2% 7/19/19 Cub Pty Ltd Busch InBev $11,283.2 Holdings Ltd Volume (Bln.) $617.9 SA/NV Consumer Non-cyclical $39.8 20.6% 50.4% Avg Deal Size (Mln.) $72.4 Animal-health unit/ Elanco Animal Consumer Cyclical $25.7 13.4% 55.3% 8/20/19 Bayer AG $7,600.0 Bayer AG Health Inc Communications $25.7 13.4% -17.1% Top Adviser Industrial $21.7 11.3% 54.5% 8/5/19 Just Eat PLC Takeaway.com NV - $6,126.9 Clifford Chance LLP Energy $10.0 5.2% -22.6% Number of deals 102 Basic Materials $6.5 3.4% -34.9% 7/31/19 GrandVision NV EssilorLuxottica SA HAL Trust $6,082.4

Volume (Bln.) $125.7 Technology $5.8 3.0% -37.5% Global M&A Review | 1st 3Q2019 Infrastrutture Avg Deal Size (Bln.) $1.2 11000 Vodafone Vodafone Utilities $3.7 1.9% -13.7% 7/26/19 Wireless Italiane $5,888.0 Telecom Towers/Italy Group PLC SpA Diversified $0.3 0.2% 967.5%

EMEA M&A: Quarterly Volume EMEA M&A: Deal Type Breakdown Amount % Change % Change $500 5,000 Deal Type (Bln.) Deal Count Volume $400 4,000 Company Takeover $87.4 -17.3% -9.0% Cross Border $143.1 -14.9% -4.1% $300 3,000 Private Equity $56.7 -20.4% -21.0%

$200 2,000 Asset sale $60.4 -16.8% 22.0% Tender Offer $13.2 0.0% 21.9% $100 1,000 Venture Capital $7.9 -22.2% 6.7% Spin-off $0.1 -70.0% -99.3% $0 0 2014 Q3 2015 Q3 2016 Q3 2017 Q3 2018 Q3 2019 Q3 Minority purchase $19.9 -18.6% -10.8% Volume $(Bln.) Deal Count Majority purchase $22.3 -17.4% 54.4%

10 Quarterly Volume represents any involvement (target, seller, or acquirer). Europe Announced Deals (By Volume) 01/01/2019 - 09/23/2019 Europe Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Freshfields Bruckhaus Deringer LLP 1 12.9 99,113 106 1 26.5 -13.7 CMS 1 2.3 17,325 191 1 4.6 -2.3 Allen & Overy LLP 2 10.1 77,665 148 8 8.5 1.6 Orrick Herrington & Sutcliffe LLP 2 1.1 8,649 179 11 1.3 -0.2 Simpson Thacher & Bartlett LLP 3 9.7 74,678 29 24 3.5 6.2 Jones Day 3 3.1 23,590 156 3 5.1 -2.1 Clifford Chance LLP 4 9.1 70,226 121 4 10.6 -1.5 Allen & Overy LLP 4 10.1 77,665 148 2 8.5 1.6 Latham & Watkins LLP 5 8.4 64,435 125 17 5.4 3.0 White & Case LLP 5 4.9 37,349 127 8 5.9 -1.1 Skadden Arps Slate Meagher & Flom LLP 6 8.0 61,214 42 7 8.5 -0.6 Latham & Watkins LLP 6 8.4 64,435 125 9 5.4 3.0 Kirkland & Ellis LLP 7 7.7 59,062 101 10 6.9 0.8 Clifford Chance LLP 7 9.1 70,226 121 4 10.6 -1.5 Weil Gotshal & Manges LLP 8 7.2 55,679 62 15 5.8 1.4 DLA Piper LLP 8 0.7 5,006 117 10 1.7 -1.1 Linklaters LLP 9 7.2 55,185 114 2 12.4 -5.2 Linklaters LLP 9 7.2 55,185 114 6 12.4 -5.2 Sullivan & Cromwell LLP 10 6.8 52,680 42 9 7.8 -0.9 Freshfields Bruckhaus Deringer LLP 10 12.9 99,113 106 7 26.5 -13.7 Cleary Gottlieb Steen & Hamilton LLP 11 6.8 51,963 36 20 4.7 2.1 Kirkland & Ellis LLP 11 7.7 59,062 101 13 6.9 0.8 Herbert Smith Freehills LLP 12 5.7 44,029 59 5 10.1 -4.4 Dentons 12 0.4 3,167 93 15 1.0 -0.6 Blake Cassels & Graydon LLP 13 5.4 41,762 13 86 0.5 4.9 Hogan Lovells US LLP 13 1.8 13,495 92 12 5.6 -3.9 White & Case LLP 14 4.9 37,349 127 14 5.9 -1.1 Cuatrecasas Goncalves Pereira SLP 14 0.3 2,194 73 14 1.8 -1.5 Cravath Swaine & Moore LLP 15 4.6 35,638 18 11 6.7 -2.1 Weil Gotshal & Manges LLP 15 7.2 55,679 62 16 5.8 1.4 Davis Polk & Wardwell LLP 16 4.6 35,172 24 6 8.9 -4.3 Baker & McKenzie LLP 15 2.1 15,842 62 5 4.1 -2.0 Osler Hoskin & Harcourt LLP 17 4.5 34,604 21 59 1.0 3.5 Herbert Smith Freehills LLP 17 5.7 44,029 59 18 10.1 -4.4 Slaughter and May 18 4.5 34,348 36 12 6.6 -2.1 Noerr LLP 18 0.3 2,057 55 22 1.3 -1.1 Corrs Chambers Westgarth 19 4.3 33,022 12 200 0.0 4.3 Loyens & Loeff NV 19 0.4 3,418 54 23 3.0 -2.6 Ashurst LLP 20 3.9 30,138 31 33 2.2 1.7 Uria Menendez Abogados SLP 20 0.9 7,026 50 39 2.1 -1.2 TOTAL 770,295 10,250 TOTAL 770,295 10,250

Europe Announced Deals- Principals (By Volume) 01/01/2019 - 09/23/2019 Europe Announced Deals- Principals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Freshfields Bruckhaus Deringer LLP 1 17.8 97,146 105 1 32.0 -14.2 CMS 1 3.2 17,325 191 1 5.5 -2.3 Allen & Overy LLP 2 14.2 77,266 147 5 10.0 4.2 Orrick Herrington & Sutcliffe LLP 2 1.6 8,649 179 11 1.5 0.1 Simpson Thacher & Bartlett LLP 3 13.5 73,527 28 21 4.2 9.3 Jones Day 3 4.2 23,037 154 3 6.0 -1.8 Clifford Chance LLP 4 12.9 69,945 120 3 10.8 2.0 Allen & Overy LLP 4 14.2 77,266 147 2 10.0 4.2 Skadden Arps Slate Meagher & Flom LLP 5 11.2 61,214 42 6 9.9 1.4 Latham & Watkins LLP 5 10.0 54,661 121 9 5.7 4.4 Weil Gotshal & Manges LLP 6 10.2 55,679 62 11 6.8 3.4 Clifford Chance LLP 6 12.9 69,945 120 4 10.8 2.0 Latham & Watkins LLP 7 10.0 54,661 121 17 5.7 4.4 White & Case LLP 7 4.3 23,583 117 8 4.6 -0.2 Linklaters LLP 8 9.9 54,101 112 2 13.6 -3.7 DLA Piper LLP 7 0.9 5,006 117 10 0.9 0.0 Kirkland & Ellis LLP 9 9.7 52,604 98 14 6.7 2.9 Linklaters LLP 9 9.9 54,101 112 6 13.6 -3.7 Blake Cassels & Graydon LLP 10 7.7 41,762 13 81 0.6 7.1 Freshfields Bruckhaus Deringer LLP 10 17.8 97,146 105 7 32.0 -14.2 Sullivan & Cromwell LLP 11 6.8 36,976 33 19 5.2 1.6 Kirkland & Ellis LLP 11 9.7 52,604 98 13 6.7 2.9 Slaughter and May 12 6.3 34,348 36 8 7.9 -1.6 Dentons 12 0.6 3,167 93 15 1.2 -0.6 Osler Hoskin & Harcourt LLP 13 6.2 33,662 19 57 1.2 5.0 Hogan Lovells US LLP 13 1.5 8,318 90 12 6.8 -5.2 Corrs Chambers Westgarth 14 6.1 33,022 12 196 0.0 6.0 Cuatrecasas Goncalves Pereira SLP 14 0.4 2,194 73 13 2.1 -1.7 Dechert LLP 15 5.2 28,417 17 67 0.9 4.3 Weil Gotshal & Manges LLP 15 10.2 55,679 62 16 6.8 3.4 Cleary Gottlieb Steen & Hamilton LLP 16 5.0 27,081 32 25 2.9 2.1 Baker & McKenzie LLP 15 2.9 15,842 62 5 3.7 -0.8 White & Case LLP 17 4.3 23,583 117 20 4.6 -0.2 Herbert Smith Freehills LLP 17 3.0 16,279 57 18 10.2 -7.2 Wachtell Lipton Rosen & Katz 18 4.3 23,236 6 9 7.3 -3.0 Noerr LLP 18 0.4 2,057 55 21 1.6 -1.2 Jones Day 19 4.2 23,037 154 16 6.0 -1.8 Loyens & Loeff NV 19 0.6 3,418 54 23 3.7 -3.0 Cravath Swaine & Moore LLP 20 3.9 21,326 13 10 7.2 -3.3 Uria Menendez Abogados SLP 20 1.3 7,026 50 39 2.5 -1.3 TOTAL 544,439 3,237 TOTAL 544,439 3,237

11 Europe Private Equity Deals (By Volume) 01/01/2019 - 09/23/2019 2019 2018 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Allen & Overy LLP 1 22.7 63,880 64 11 9.5 13.2 Freshfields Bruckhaus Deringer LLP 2 17.4 49,110 35 1 31.0 -13.6 Weil Gotshal & Manges LLP 3 16.5 46,576 28 13 7.4 9.1 Simpson Thacher & Bartlett LLP 4 13.8 38,916 13 14 7.3 6.5 Clifford Chance LLP 5 13.1 36,767 38 6 14.7 -1.6 Kirkland & Ellis LLP 6 12.0 33,790 53 18 5.7 6.3 Herbert Smith Freehills LLP 7 11.8 33,305 25 2 22.7 -10.9 Corrs Chambers Westgarth 8 11.6 32,706 5 165 0.0 11.6 Linklaters LLP 9 11.5 32,485 35 8 14.0 -2.5 Slaughter and May 10 11.4 32,036 28 4 14.8 -3.5 Osler Hoskin & Harcourt LLP 11 11.3 31,795 9 42 1.6 9.7 Blake Cassels & Graydon LLP 12 9.8 27,498 6 53 1.1 8.6 Dechert LLP 13 9.7 27,440 5 106 0.2 9.5 Ashurst LLP 14 8.6 24,335 24 25 3.6 5.1 Wachtell Lipton Rosen & Katz 15 5.0 14,203 2 7 14.4 -9.4 Shearman & Sterling LLP 16 4.7 13,313 14 3 17.6 -12.8 Cleary Gottlieb Steen & Hamilton LLP 17 4.7 13,281 7 41 1.7 3.0 CMS 18 4.6 13,004 72 12 7.8 -3.2 Sullivan & Cromwell LLP 19 4.2 11,787 12 9 11.2 -7.0 Cravath Swaine & Moore LLP 20 4.1 11,676 9 15 7.0 -2.8 TOTAL 281,746 3,779

12 UK Announced Deals (By Volume) 01/01/2019 - 09/23/2019 UK Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Allen & Overy LLP 1 22.7 63,880 64 11 9.5 13.2 Orrick Herrington & Sutcliffe LLP 1 1.1 3,052 73 16 1.0 0.1 Freshfields Bruckhaus Deringer LLP 2 17.4 49,110 35 1 31.0 -13.6 CMS 2 4.6 13,004 72 1 7.8 -3.2 Weil Gotshal & Manges LLP 3 16.5 46,576 28 13 7.4 9.1 Allen & Overy LLP 3 22.7 63,880 64 2 9.5 13.2 Simpson Thacher & Bartlett LLP 4 13.8 38,916 13 14 7.3 6.5 DLA Piper LLP 4 0.5 1,530 55 8 2.8 -2.3 Clifford Chance LLP 5 13.1 36,767 38 6 14.7 -1.6 Kirkland & Ellis LLP 5 12.0 33,790 53 9 5.7 6.3 Kirkland & Ellis LLP 6 12.0 33,790 53 18 5.7 6.3 Jones Day 5 1.9 5,305 53 5 1.0 0.9 Herbert Smith Freehills LLP 7 11.8 33,305 25 2 22.7 -10.9 Latham & Watkins LLP 7 3.6 10,076 46 7 4.7 -1.1 Corrs Chambers Westgarth 8 11.6 32,706 5 165 0.0 11.6 Clifford Chance LLP 8 13.1 36,767 38 3 14.7 -1.6 Linklaters LLP 9 11.5 32,485 35 8 14.0 -2.5 Squire Patton Boggs US LLP 8 0.2 578 38 12 0.4 -0.2 Slaughter and May 10 11.4 32,036 28 4 14.8 -3.5 Freshfields Bruckhaus Deringer LLP 10 17.4 49,110 35 6 31.0 -13.6 Osler Hoskin & Harcourt LLP 11 11.3 31,795 9 42 1.6 9.7 Linklaters LLP 10 11.5 32,485 35 4 14.0 -2.5 Blake Cassels & Graydon LLP 12 9.8 27,498 6 53 1.1 8.6 Gowling WLG 12 1.0 2,711 34 20 0.5 0.5 Dechert LLP 13 9.7 27,440 5 106 0.2 9.5 Dentons 13 0.3 913 32 23 0.3 - Ashurst LLP 14 8.6 24,335 24 25 3.6 5.1 Hogan Lovells US LLP 14 1.6 4,455 30 16 2.2 -0.7 Wachtell Lipton Rosen & Katz 15 5.0 14,203 2 7 14.4 -9.4 White & Case LLP 15 3.7 10,303 29 10 6.9 -3.2 Shearman & Sterling LLP 16 4.7 13,313 14 3 17.6 -12.8 Weil Gotshal & Manges LLP 16 16.5 46,576 28 14 7.4 9.1 Cleary Gottlieb Steen & Hamilton LLP 17 4.7 13,281 7 41 1.7 3.0 Slaughter and May 16 11.4 32,036 28 20 14.8 -3.5 CMS 18 4.6 13,004 72 12 7.8 -3.2 A&L Goodbody Solicitors 18 0.9 2,616 26 73 2.5 -1.6 Sullivan & Cromwell LLP 19 4.2 11,787 12 9 11.2 -7.0 Travers Smith 18 0.6 1,588 26 15 1.2 -0.6 Cravath Swaine & Moore LLP 20 4.1 11,676 9 15 7.0 -2.8 Herbert Smith Freehills LLP 20 11.8 33,305 25 13 22.7 -10.9 TOTAL 281,746 3,779 TOTAL 281,746 3,779

Germany Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 France Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 CMS 1 3.4 4,696 76 1 16.0 -12.6 Jones Day 1 9.2 11,111 73 1 4.9 4.2 Noerr LLP 2 1.4 2,003 49 4 6.8 -5.4 Orrick Herrington & Sutcliffe LLP 2 2.4 2,875 49 4 4.2 -1.9 Orrick Herrington & Sutcliffe LLP 3 1.5 2,138 44 11 0.3 1.2 CMS 3 1.6 1,935 34 11 7.8 -6.2 Hengeler Mueller 4 13.6 18,953 36 3 35.2 -21.6 Hogan Lovells US LLP 4 4.9 5,902 33 5 3.5 1.3 Freshfields Bruckhaus Deringer LLP 5 25.9 36,054 35 2 51.2 -25.3 Clifford Chance LLP 5 7.6 9,269 26 2 14.4 -6.8 Jones Day 6 1.4 1,888 34 4 10.7 -9.4 Latham & Watkins LLP 6 17.6 21,330 24 7 6.6 11.0 Luther Rechtsanwaltsgesellschaft mbH 7 0.5 645 31 12 0.2 0.3 Weil Gotshal & Manges LLP 6 6.0 7,263 24 7 16.4 -10.4 Latham & Watkins LLP 8 11.1 15,432 27 9 5.6 5.5 White & Case LLP 8 6.3 7,630 22 11 2.6 3.7 Clifford Chance LLP 9 10.8 15,018 26 6 4.4 6.4 Allen & Overy LLP 8 1.9 2,332 22 3 6.7 -4.8 Hogan Lovells US LLP 10 1.1 1,522 25 9 1.9 -0.8 Linklaters LLP 10 2.0 2,414 19 7 14.4 -12.4 DLA Piper LLP 11 0.3 353 23 18 0.9 -0.6 Herbert Smith Freehills LLP 11 8.7 10,589 18 22 3.4 5.3 Linklaters LLP 12 6.4 8,957 22 16 16.3 -9.9 Dentons 11 0.1 71 18 26 1.4 -1.3 Allen & Overy LLP 13 4.9 6,773 20 7 4.2 0.6 De Pardieu Brocas Maffei 11 0.0 29 18 11 4.7 -4.6 Dentons 14 0.8 1,110 19 13 2.7 -1.9 Gibson Dunn & Crutcher LLP 14 2.0 2,375 15 27 0.4 1.6 White & Case LLP 15 6.5 8,996 18 14 0.2 6.3 Loyens & Loeff NV 14 1.4 1,695 15 32 - 1.4 Shearman & Sterling LLP 16 7.0 9,726 11 15 19.3 -12.3 DLA Piper LLP 14 1.2 1,498 15 10 0.8 0.4 Baker & McKenzie LLP 16 3.7 5,208 11 8 9.4 -5.6 Mayer Brown LLP 17 1.4 1,677 13 18 2.6 -1.2 McDermott Will & Emery LLP Inc 16 2.6 3,651 11 20 0.2 2.5 Cuatrecasas 18 0.3 417 12 18 1.9 -1.6 Gleiss Lutz Hootz Hirsch Partnerschaftsgese 16 1.2 1,677 11 63 - 1.2 Sullivan & Cromwell LLP 19 11.7 14,172 11 43 4.8 6.9 Weil Gotshal & Manges LLP 20 0.8 1,174 10 28 - 0.8 Freshfields Bruckhaus Deringer LLP 19 3.9 4,679 11 16 10.1 -6.3 TOTAL 139,088 1,860 TOTAL 121,350 1,545

13 Italy Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 Benelux Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 NCTM Studio Legale Associato 1 15.7 6,118 38 1 0.9 14.7 Loyens & Loeff NV 1 1.8 2,460 49 2 11.6 -9.8 Orrick Herrington & Sutcliffe LLP 2 0.5 186 32 4 2.7 -2.2 Allen & Overy LLP 2 13.1 18,060 45 1 17.2 -4.2 Gattai Minoli Agostinelli & Partners 3 4.9 1,905 25 3 15.4 -10.5 Clifford Chance LLP 3 6.1 8,425 29 3 15.5 -9.4 Chiomenti Studio Legale 4 7.1 2,781 23 1 19.1 -12.0 Houthoff Buruma 4 1.5 2,004 27 4 1.3 0.2 Allen & Overy LLP 5 15.5 6,060 17 11 5.7 9.9 CMS 4 0.9 1,228 27 7 0.9 -0.1 White & Case LLP 6 2.3 893 13 11 21.1 -18.8 Jones Day 6 1.4 1,966 26 9 12.4 -11.0 Linklaters LLP 7 27.1 10,592 10 14 8.9 18.3 Stibbe BV 7 7.9 10,874 25 7 2.0 5.9 Dentons 7 0.8 298 10 14 0.7 0.1 Freshfields Bruckhaus Deringer LLP 7 4.4 6,057 25 5 20.9 -16.5 Latham & Watkins LLP 9 2.4 925 9 6 6.4 -4.0 Latham & Watkins LLP 9 11.1 15,319 24 13 17.9 -6.8 Legance Avvocati Associati 10 2.2 847 8 5 8.2 -6.0 Linklaters LLP 10 5.3 7,335 22 12 6.3 -1.0 DLA Piper LLP 10 0.6 230 8 27 - 0.6 Dentons 11 0.5 685 18 17 1.5 -1.0 Clifford Chance LLP 12 1.5 578 7 7 15.5 -14.0 DLA Piper LLP 11 0.2 287 18 6 2.2 -2.0 Jones Day 12 0.7 255 7 9 3.3 -2.6 De Brauw Blackstone Westbroek NV 13 11.1 15,374 17 13 10.0 1.1 CMS 12 - - 7 7 1.6 -1.6 NautaDutilh NV 14 - 11 16 10 4.2 -4.2 Shearman & Sterling LLP 15 3.3 1,296 6 11 3.9 -0.6 White & Case LLP 15 4.5 6,241 15 17 16.1 -11.6 Hogan Lovells US LLP 15 1.2 454 6 16 0.3 0.9 Hogan Lovells US LLP 15 1.7 2,333 15 15 1.1 0.6 Cleary Gottlieb Steen & Hamilton LLP 17 14.9 5,816 5 18 10.5 4.4 Orrick Herrington & Sutcliffe LLP 17 0.9 1,198 14 15 2.6 -1.7 Gianni Origoni Grippo Capelli Partners 17 11.1 4,322 5 18 2.0 9.1 Kirkland & Ellis LLP 17 0.9 1,184 14 17 10.7 -9.9 Freshfields Bruckhaus Deringer LLP 17 1.7 675 5 16 4.4 -2.7 Weil Gotshal & Manges LLP 19 1.0 1,433 10 21 4.3 -3.3 Cuatrecasas 17 0.4 151 5 27 0.4 0.0 Baker & McKenzie LLP 19 0.9 1,255 10 10 2.5 -1.6 TOTAL 39,058 603 TOTAL 138,078 1,358

Iberia Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 Nordic Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Cuatrecasas 1 3.3 1,303 65 1 10.6 -7.3 White & Case LLP 1 7.8 7,758 40 1 7.0 0.8 Uria Menendez Abogados SLP 2 17.6 7,026 47 3 31.2 -13.6 Hannes Snellman Advokatbyra Ab/FI 2 11.7 11,682 27 2 5.2 6.6 Perez-Llorca 3 6.6 2,635 40 2 19.1 -12.4 Kirkland & Ellis LLP 3 8.4 8,355 21 10 2.9 5.5 Linklaters LLP 4 13.3 5,280 25 9 24.5 -11.2 Advokatfirmaet Thommessen AS 4 0.0 12 18 15 0.4 -0.4 Clifford Chance LLP 5 13.8 5,482 22 7 13.4 0.4 Orrick Herrington & Sutcliffe LLP 5 2.4 2,371 17 21 1.2 1.2 Herbert Smith Freehills LLP 6 8.9 3,532 11 14 0.8 8.1 Baker & McKenzie LLP 6 2.0 1,959 14 3 11.5 -9.6 Latham & Watkins LLP 7 16.4 6,532 10 21 0.0 16.4 Clifford Chance LLP 7 13.2 13,176 13 13 1.8 11.4 Hogan Lovells US LLP 7 0.6 246 10 11 0.8 -0.2 DLA Piper LLP 8 0.1 110 12 16 10.4 -10.3 Garrigues Abogados 7 0.5 178 10 11 2.7 -2.3 Freshfields Bruckhaus Deringer LLP 9 8.0 7,922 11 11 4.1 3.9 Orrick Herrington & Sutcliffe LLP 10 1.0 392 8 28 0.0 1.0 Noerr LLP 10 - - 10 21 2.9 -2.9 Jones Day 10 0.9 360 8 16 1.5 -0.6 Latham & Watkins LLP 11 6.3 6,257 9 16 6.6 -0.3 Allen & Overy LLP 10 0.3 130 8 8 13.1 -12.8 Advokatfirman Vinge KB 11 0.5 449 9 4 4.9 -4.4 Freshfields Bruckhaus Deringer LLP 13 7.9 3,144 7 11 8.6 -0.7 Simpson Thacher & Bartlett LLP 13 17.6 17,510 8 36 0.2 17.4 Mattos Filho Veiga Filho Marrey Jr e Quiroga 14 1.6 630 6 32 6.9 -5.3 Linklaters LLP 13 2.2 2,208 8 5 6.6 -4.4 DLA Piper LLP 14 1.3 531 6 14 0.3 1.1 Hogan Lovells US LLP 13 1.5 1,534 8 23 1.1 0.5 Baker & McKenzie LLP 16 - - 5 6 1.6 -1.6 CMS 13 0.5 495 8 9 2.9 -2.4 Cleary Gottlieb Steen & Hamilton LLP 17 4.4 1,758 4 47 - 4.4 Skadden Arps Slate Meagher & Flom LLP 17 21.2 21,103 7 23 2.1 19.1 White & Case LLP 17 3.7 1,488 4 18 1.9 1.8 Jones Day 17 5.4 5,350 7 13 2.6 2.8 Paul Hastings LLP 17 2.0 782 4 47 - 2.0 Ropes & Gray LLP 17 3.3 3,251 7 43 1.8 1.5 Kirkland & Ellis LLP 17 0.8 315 4 16 9.1 -8.3 Allen & Overy LLP 17 0.3 326 7 7 1.4 -1.1 TOTAL 39,840 653 TOTAL 99,600 1,491

14 Eastern Europe Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE COBALT 1 0.1 55 36 5 0.3 -0.1 Dentons 2 2.9 1,145 26 3 4.9 -2.0 CMS 2 1.9 763 26 2 7.2 -5.3 Allen & Overy LLP 4 4.0 1,574 21 7 6.3 -2.3 Linklaters LLP 5 3.4 1,354 19 10 11.0 -7.6 White & Case LLP 6 5.5 2,172 18 8 10.2 -4.7 Ellex 6 2.2 846 18 1 1.8 0.3 Weil Gotshal & Manges LLP 8 2.0 783 15 13 8.7 -6.7 Clifford Chance LLP 9 2.4 954 14 9 1.6 0.8 Orrick Herrington & Sutcliffe LLP 10 4.7 1,862 12 18 1.4 3.3 SORAINEN 10 1.4 535 12 4 2.3 -0.9 Latham & Watkins LLP 12 16.5 6,517 11 31 6.1 10.4 DLA Piper LLP 13 0.0 8 9 16 0.2 -0.2 Baker & McKenzie LLP 14 0.4 164 8 6 3.9 -3.5 Freshfields Bruckhaus Deringer LLP 15 7.4 2,932 7 18 8.5 -1.1 Norton Rose Fulbright LLP 16 0.3 98 6 22 0.6 -0.3 Herbert Smith Freehills LLP 17 1.8 703 5 23 - 1.8 O'Melveny & Myers LLP 17 1.7 669 5 47 0.0 1.7 AZB & Partners 17 1.5 581 5 47 0.2 1.3 Jones Day 17 1.3 496 5 13 1.3 -0.1 TOTAL 39,450 879

15 APAC M&A Regional Review APAC M&A: Quarterly Volume $600 6,000 • M&A activity targeting the APAC region for the first 3Q2019 decreased by 26.8% year-on-year to $513.4 $400 4,000 billion. Deals exceeding $1.0 billion in value decreased by 35.4% to 86 deals this quarter. The value of $200 2,000 deals targeting Chinese companies or assets accounted for 41.9% of the total deal volume. $0 0 • The financial and industrial sectors were the most targeted industries, accounting for 45.4% of the region's overall volume. The acquisition of Ascendas Pte Ltd & Singbridge Pte Ltd by CapitaLand Ltd for $7.8 billion was the largest deal involving an APAC-based target this year. Volume $(Bln.) Deal Count • Private equity deal volume decreased by 31.6% year-on-year to $127.6 billion. Sequoia Capital was the most active investor in the first 3Q2019 with its involvement in 70 deals. Australia/NZ M&A: Quarterly Volume $80 600 $60 400 APAC M&A: Highlights of 1st 3Q2019 $40 Total 200 Summary Date Target Acquirer Seller Value $20 Number of deals 9,548 Portfolio of luxury Mirae Asset Global Anbang Insurance $0 0 9/11/19 $5,800.0 Volume (Bln.) $513.4 hotels Investments Co Ltd Group Co Ltd Avg Deal Size (Mln.) $53.8 Fortress Investment 8/16/19 Unizo Holdings Co Ltd - $5,198.2 Volume $(Bln.) Deal Count Group LLC Top Adviser Greater China M&A: Quarterly Volume 9/12/19 ZOZO Inc Yahoo Japan Corp - $3,737.5 King & Wood Mallesons $300 2000 Number of deals 60 Reliance Jio Infratel Brookfield Asset Reliance Industries 7/19/19 $3,660.9 1500 Pvt Ltd Management Inc Ltd $200 Volume (Bln.) $29.2 Global M&A Review | 1st 3Q2019 1000 Avg Deal Size (Bln.) $0.5 Textainer Group $100 9/18/19 Shareholders Trencor Ltd $3,441.2 500 Holdings Ltd $0 0 APAC M&A: Breakdown Amount % % YoY Volume $(Bln.) Deal Count APAC Industry Breakdown Financial Deal Type (Bln.) Change Change Consumer Non-cyclical Company Takeover $56.4 -19.3% -30.2% Japan M&A: Quarterly Volume 6% 3% 2% 0% Consumer Cyclical Cross Border $74.1 -15.6% -29.4% $150 1500 Industrial Private Equity $53.9 30.5% -17.8% $100 1000 8% 32% Communications Asset sale $38.2 -12.8% 12.1% 9% Technology Tender Offer $17.5 -27.5% 28.8% $50 500 Venture Capital $11.8 52.1% -59.1% Basic Materials 12% Spin-off $4.6 -9.1% 545.7% $0 0 15% Energy 13% Minority purchase $36.1 10.0% -42.4% Utilities Majority purchase $14.4 -27.3% -63.2% Volume $(Bln.) Deal Count Diversified Graphs represent any regional involvement (target, seller, or acquirer).

16 APAC Ex Japan Announced Deals (By Volume) 01/01/2019 - 09/23/2019 APAC Ex Japan Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Simpson Thacher & Bartlett LLP 1 11.6 75,012 23 12 4.2 7.4 AZB & Partners 1 3.2 20,606 101 1 3.9 -0.7 Allen & Overy LLP 2 7.3 47,525 38 5 5.5 1.9 Khaitan & Co 2 1.6 10,381 97 7 2.9 -1.3 Weil Gotshal & Manges LLP 3 7.1 45,906 16 8 4.7 2.4 Kim & Chang 3 2.1 13,522 79 3 2.7 -0.6 Herbert Smith Freehills LLP 4 6.4 41,478 44 1 7.1 -0.7 King & Wood Mallesons 4 4.5 29,312 64 5 6.8 -2.2 Dechert LLP 5 5.9 38,316 5 32 2.2 3.7 Shardul Amarchand Mangaldas & Co 5 2.1 13,843 59 6 4.7 -2.6 Kirkland & Ellis LLP 6 5.8 37,233 17 4 5.7 0.0 Shin & Kim 6 1.6 10,171 58 11 1.7 -0.1 Corrs Chambers Westgarth 7 4.8 31,075 37 121 0.1 4.7 Allens 7 3.9 24,984 49 15 4.8 -0.9 Freshfields Bruckhaus Deringer LLP 8 4.6 29,440 18 2 7.0 -2.4 Cyril Amarchand Mangaldas 7 2.0 13,038 49 11 3.4 -1.4 King & Wood Mallesons 9 4.5 29,312 64 3 6.8 -2.2 Lee & Ko 7 1.2 7,619 49 9 1.7 -0.6 Blake Cassels & Graydon LLP 10 4.4 28,159 7 79 0.6 3.8 Bae Kim & Lee 10 1.7 11,277 45 21 1.7 0.1 Osler Hoskin & Harcourt LLP 11 4.2 27,419 4 22 2.8 1.5 Herbert Smith Freehills LLP 11 6.4 41,478 44 2 7.1 -0.7 Allens 12 3.9 24,984 49 7 4.8 -0.9 Gilbert + Tobin 12 2.5 16,207 40 13 4.1 -1.6 White & Case LLP 13 3.9 24,884 26 31 2.3 1.6 Latham & Watkins LLP 13 2.3 15,149 39 16 3.5 -1.1 Cleary Gottlieb Steen & Hamilton LLP 14 3.8 24,618 8 36 2.0 1.8 Allen & Overy LLP 14 7.3 47,525 38 14 5.5 1.9 Wachtell Lipton Rosen & Katz 15 3.3 21,259 2 35 2.0 1.3 Corrs Chambers Westgarth 15 4.8 31,075 37 34 0.1 4.7 Sullivan & Cromwell LLP 16 3.2 20,970 9 11 4.4 -1.1 Fangda Partners 16 1.2 7,694 35 8 4.1 -2.9 AZB & Partners 17 3.2 20,606 101 15 3.9 -0.7 J Sagar Associates 16 0.8 4,844 35 16 0.8 0.0 Linklaters LLP 18 3.0 19,119 21 27 2.5 0.5 Baker & McKenzie LLP 18 1.4 8,846 34 4 2.8 -1.4 Shearman & Sterling LLP 19 2.7 17,367 6 77 0.6 2.1 Orrick Herrington & Sutcliffe LLP 18 0.3 2,158 34 57 0.5 -0.2 Baker Botts LLP 20 2.5 16,400 4 49 1.3 1.2 Allen & Gledhill LLP 20 2.4 15,679 32 25 2.5 -0.1 TOTAL 647,034 9,043 TOTAL 647,034 9,043

APAC Private Equity Announced Deals (By Volume) 01/01/2019 - 09/23/2019 2019 2018 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Simpson Thacher & Bartlett LLP 1 27.3 78,408 26 5 11.3 16.0 Allen & Overy LLP 2 16.5 47,448 26 12 7.6 8.9 Weil Gotshal & Manges LLP 3 14.9 42,847 16 2 13.4 1.5 Dechert LLP 4 13.1 37,697 4 24 5.6 7.5 Kirkland & Ellis LLP 5 12.4 35,719 12 1 13.9 -1.5 Freshfields Bruckhaus Deringer LLP 6 11.3 32,420 9 6 9.1 2.2 Herbert Smith Freehills LLP 7 11.1 31,954 20 39 3.7 7.4 Corrs Chambers Westgarth 8 10.0 28,749 8 137 0.0 10.0 Osler Hoskin & Harcourt LLP 9 9.5 27,405 2 26 5.4 4.1 Blake Cassels & Graydon LLP 10 9.5 27,200 3 139 0.0 9.4 Cleary Gottlieb Steen & Hamilton LLP 11 9.3 26,771 8 46 2.0 7.3 White & Case LLP 12 7.8 22,424 13 19 6.1 1.7 Sullivan & Cromwell LLP 13 7.7 22,226 8 17 6.3 1.4 Wachtell Lipton Rosen & Katz 14 7.4 21,259 2 25 5.5 1.8 Allens 15 6.7 19,187 19 32 4.5 2.2 Latham & Watkins LLP 16 5.0 14,420 32 8 8.4 -3.4 Baker Botts LLP 17 5.0 14,400 2 - - 5.0 Vinson & Elkins LLP 17 5.0 14,400 2 79 0.5 4.6 Nishimura & Asahi 19 4.9 14,212 24 94 0.2 4.7 Sidley Austin LLP 20 4.5 13,029 6 83 0.4 4.2 TOTAL 287,780 2,742

17 AU & NZ Announced Deals (By Volume) 01/01/2019 - 09/23/2019 AU & NZ Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Allens 1 18.8 15,615 46 2 28.5 -9.7 Allens 1 18.8 15,615 46 4 28.5 -9.7 Allen & Overy LLP 2 17.5 14,522 13 29 2.0 15.5 King & Wood Mallesons 1 9.6 7,983 46 2 17.7 -8.1 Shearman & Sterling LLP 3 13.9 11,550 2 120 - 13.9 Gilbert + Tobin 3 8.5 7,098 39 3 13.7 -5.1 White & Case LLP 4 13.6 11,331 4 88 0.1 13.5 Corrs Chambers Westgarth 4 2.5 2,075 35 8 0.9 1.6 Cleary Gottlieb Steen & Hamilton LLP 5 13.3 11,100 1 17 4.8 8.6 Herbert Smith Freehills LLP 5 12.0 9,956 33 1 39.9 -27.9 Cravath Swaine & Moore LLP 5 13.3 11,100 2 15 5.2 8.1 Ashurst LLP 6 7.6 6,279 23 7 11.2 -3.7 Baker Botts LLP 5 13.3 11,100 2 10 8.0 5.4 Norton Rose Fulbright LLP 7 1.5 1,248 17 14 0.8 0.7 Vinson & Elkins LLP 5 13.3 11,100 1 37 1.2 12.2 HWL Ebsworth Lawyers 7 0.1 74 17 6 0.5 -0.4 Herbert Smith Freehills LLP 9 12.0 9,956 33 1 39.9 -27.9 DLA Piper LLP 9 1.7 1,434 16 9 9.0 -7.3 King & Wood Mallesons 10 9.6 7,983 46 3 17.7 -8.1 Minter Ellison 10 0.8 679 14 5 10.0 -9.2 Gilbert + Tobin 11 8.5 7,098 39 4 13.7 -5.1 Allen & Overy LLP 11 17.5 14,522 13 13 2.0 15.5 Ashurst LLP 12 7.6 6,279 23 5 11.2 -3.7 Jones Day 11 0.5 444 13 10 0.7 -0.2 Linklaters LLP 13 6.0 5,012 2 16 4.9 1.1 Thomson Geer 11 0.2 168 13 15 0.2 0.0 Latham & Watkins LLP 14 4.2 3,458 8 28 2.1 2.0 Chapman Tripp 14 0.4 369 9 11 2.3 -1.9 Nishimura & Asahi 15 4.0 3,301 3 113 - 4.0 Baker & McKenzie LLP 14 0.2 128 9 11 9.3 -9.1 Fried Frank Harris Shriver & Jacobson LLP 16 3.6 2,950 2 - - 3.6 Latham & Watkins LLP 16 4.2 3,458 8 23 2.1 2.0 Clifford Chance LLP 17 3.5 2,885 7 24 3.1 0.3 Dentons 16 0.2 143 8 25 0.0 0.2 Weil Gotshal & Manges LLP 18 3.1 2,605 4 35 1.4 1.7 Clifford Chance LLP 18 3.5 2,885 7 17 3.1 0.3 Stibbe BV 19 3.0 2,510 1 - - 3.0 Hogan Lovells US LLP 19 0.7 582 6 19 5.6 -4.9 CMS 20 3.0 2,503 3 109 0.0 3.0 Clayton Utz 19 0.4 349 6 20 3.0 -2.6 TOTAL 83,189 1,215 TOTAL 83,189 1,215

Japan Announced Deals (By Volume) 01/01/2019 - 09/23/2019 Japan Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Nishimura & Asahi 1 15.3 22,156 88 1 42.4 -27.1 Nagashima Ohno & Tsunematsu 1 11.3 16,380 90 2 40.6 -29.4 Mori Hamada & Matsumoto 2 14.9 21,545 87 2 41.8 -26.9 Nishimura & Asahi 2 15.3 22,156 88 3 42.4 -27.1 Nagashima Ohno & Tsunematsu 3 11.3 16,380 90 3 40.6 -29.4 Mori Hamada & Matsumoto 3 14.9 21,545 87 1 41.8 -26.9 Allen & Overy LLP 4 10.7 15,529 12 18 8.7 2.0 Anderson Mori & Tomotsune 4 4.1 6,005 60 4 36.6 -32.4 Gilbert + Tobin 5 10.2 14,799 5 119 0.0 10.2 Orrick Herrington & Sutcliffe LLP 5 1.8 2,613 21 12 0.2 1.6 Morrison & Foerster LLP 6 9.2 13,289 15 16 10.1 -1.0 Morrison & Foerster LLP 6 9.2 13,289 15 5 10.1 -1.0 Davis Polk & Wardwell LLP 7 8.5 12,276 7 12 33.7 -25.2 Hibiya-Nakata 6 0.7 957 15 18 0.6 0.1 Baker & McKenzie LLP 8 5.2 7,595 14 44 1.6 3.7 Baker & McKenzie LLP 8 5.2 7,595 14 8 1.6 3.7 Freshfields Bruckhaus Deringer LLP 9 4.9 7,141 10 31 2.6 2.3 Allen & Overy LLP 9 10.7 15,529 12 13 8.7 2.0 Anderson Mori & Tomotsune 10 4.1 6,005 60 6 36.6 -32.4 White & Case LLP 10 2.7 3,967 11 11 2.0 0.7 TMI Associates 11 3.7 5,410 8 57 0.5 3.3 Freshfields Bruckhaus Deringer LLP 11 4.9 7,141 10 15 2.6 2.3 White & Case LLP 12 2.7 3,967 11 37 2.0 0.7 Kim & Chang 11 2.6 3,696 10 15 0.9 1.7 Simpson Thacher & Bartlett LLP 13 2.6 3,771 5 - - 2.6 Latham & Watkins LLP 11 2.2 3,139 10 10 36.5 -34.4 WongPartnership LLP 14 2.6 3,754 4 26 6.6 -4.0 Herbert Smith Freehills LLP 14 2.5 3,548 9 6 1.8 0.7 Kim & Chang 15 2.6 3,696 10 48 0.9 1.7 Hogan Lovells US LLP 14 1.9 2,680 9 28 6.6 -4.8 Allen & Gledhill LLP 16 2.5 3,607 5 20 7.4 -4.9 AZB & Partners 14 1.2 1,763 9 34 0.2 1.0 Herbert Smith Freehills LLP 17 2.5 3,548 9 42 1.8 0.7 TMI Associates 17 3.7 5,410 8 13 0.5 3.3 Wilson Sonsini Goodrich & Rosati PC 18 2.4 3,420 6 120 0.0 2.3 Cooley LLP 17 2.0 2,875 8 64 - 2.0 Sullivan & Cromwell LLP 19 2.3 3,390 6 5 38.9 -36.6 Davis Polk & Wardwell LLP 19 8.5 12,276 7 40 33.7 -25.2 Latham & Watkins LLP 20 2.2 3,139 10 7 36.5 -34.4 Morgan Lewis & Bockius LLP 19 0.8 1,126 7 18 0.3 0.5 TOTAL 145,064 2,942 TOTAL 145,064 2,942

18 South Korea Announced Deals (By Volume) 01/01/2019 - 09/23/2019 South Korea Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Kim & Chang 1 18.6 13,177 75 1 30.4 -11.8 Kim & Chang 1 18.6 13,177 75 1 30.4 -11.8 Bae Kim & Lee 2 16.0 11,277 45 3 19.1 -3.2 Shin & Kim 2 14.4 10,171 58 3 19.0 -4.6 Shin & Kim 3 14.4 10,171 58 4 19.0 -4.6 Lee & Ko 3 10.8 7,619 49 2 19.9 -9.1 Lee & Ko 4 10.8 7,619 49 2 19.9 -9.1 Bae Kim & Lee 4 16.0 11,277 45 4 19.1 -3.2 Yulchon LLC 5 5.8 4,121 25 10 4.6 1.3 Yoon & Yang LLC 5 1.4 977 27 7 0.8 0.6 Jipyong LLC 6 3.9 2,746 8 22 1.3 2.6 Yulchon LLC 6 5.8 4,121 25 5 4.6 1.3 Simpson Thacher & Bartlett LLP 7 1.8 1,303 2 - - 1.8 Seum 7 0.2 153 23 8 0.1 0.1 Hengeler Mueller 8 1.7 1,200 1 18 1.6 0.1 LAB Partners 8 0.6 428 12 - - 0.6 Latham & Watkins LLP 9 1.6 1,154 4 9 5.4 -3.7 Kim Choi & Lim 9 0.3 206 9 9 0.3 0.0 Clifford Chance LLP 10 1.5 1,086 3 15 2.5 -0.9 Jipyong LLC 10 3.9 2,746 8 6 1.3 2.6 Yoon & Yang LLC 11 1.4 977 27 25 0.8 0.6 WeAdvise Law 11 0.0 15 7 - - 0.0 Ropes & Gray LLP 12 0.9 647 2 6 6.0 -5.1 Latham & Watkins LLP 12 1.6 1,154 4 19 5.4 -3.7 Ashurst LLP 13 0.9 600 2 53 0.0 0.8 Baker & McKenzie LLP 12 0.7 490 4 11 0.8 -0.1 Sullivan & Cromwell LLP 14 0.8 550 2 12 4.1 -3.3 Dlight Law Group 12 0.1 59 4 - - 0.1 Franklin 15 0.7 511 1 - - 0.7 Clifford Chance LLP 15 1.5 1,086 3 11 2.5 -0.9 Lasaygues & Associes SELARL 15 0.7 511 1 - - 0.7 Dentons 15 0.6 436 3 19 0.3 0.3 Lacourte Raquin Tatar SCP 15 0.7 511 1 - - 0.7 J Sagar Associates 15 0.6 390 3 19 0.1 0.5 Arnold & Porter LLP 18 0.7 508 1 - - 0.7 Khaitan & Co 15 0.4 291 3 - - 0.4 Baker & McKenzie LLP 19 0.7 490 4 26 0.8 -0.1 Allen & Gledhill LLP 15 0.2 122 3 - - 0.2 Kirkland & Ellis LLP 20 0.7 475 2 - - 0.7 Orrick Herrington & Sutcliffe LLP 15 0.1 51 3 34 - 0.1 TOTAL 70,710 1,252 TOTAL 70,710 1,252

China Announced Deals (By Volume) 01/01/2019 - 09/23/2019 China Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 King & Wood Mallesons 1 8.0 21,253 19 1 8.5 -0.6 Fangda Partners 1 2.9 7,694 35 1 8.3 -5.5 Zhong Lun Law Firm 2 2.9 7,796 20 41 0.7 2.2 Zhong Lun Law Firm 2 2.9 7,796 20 20 0.7 2.2 Fangda Partners 3 2.9 7,694 35 2 8.3 -5.5 King & Wood Mallesons 3 8.0 21,253 19 3 8.5 -0.6 Haiwen & Partners 4 2.2 5,971 2 13 2.1 0.1 Orrick Herrington & Sutcliffe LLP 4 0.3 678 14 9 1.1 -0.8 Shearman & Sterling LLP 5 2.0 5,400 1 69 0.2 1.8 Skadden Arps Slate Meagher & Flom LLP 5 1.6 4,255 11 25 1.7 -0.1 Linklaters LLP 6 1.8 4,652 8 19 1.7 0.1 Jingtian & Gongcheng 5 0.6 1,705 11 5 1.1 -0.4 Skadden Arps Slate Meagher & Flom LLP 7 1.6 4,255 11 18 1.7 -0.1 Grandall Law Firm 5 0.4 1,051 11 2 1.8 -1.4 Tian Yuan Law Firm 8 1.4 3,713 7 15 1.9 -0.5 DLA Piper LLP 8 0.7 1,827 10 20 0.8 -0.1 Simpson Thacher & Bartlett LLP 9 1.3 3,555 7 8 3.6 -2.2 Allbright Law Offices 9 0.3 858 9 32 2.2 -1.8 Clifford Chance LLP 10 1.3 3,413 7 5 4.6 -3.3 Linklaters LLP 10 1.8 4,652 8 12 1.7 0.1 Zhejiang T&C Law Firm 11 1.2 3,138 2 37 0.9 0.2 Baker & McKenzie LLP 10 0.6 1,636 8 4 1.2 -0.6 Kirkland & Ellis LLP 12 1.0 2,781 4 34 1.0 0.1 Tian Yuan Law Firm 12 1.4 3,713 7 12 1.9 -0.5 CMS 13 0.9 2,502 3 103 0.1 0.9 Simpson Thacher & Bartlett LLP 12 1.3 3,555 7 31 3.6 -2.2 Morrison & Foerster LLP 14 0.9 2,500 4 4 4.7 -3.8 Clifford Chance LLP 12 1.3 3,413 7 8 4.6 -3.3 Slaughter and May 15 0.9 2,381 7 59 0.3 0.6 Slaughter and May 12 0.9 2,381 7 57 0.3 0.6 Beijing Hairun Tianrui Law Firm 16 0.9 2,331 2 149 - 0.9 Freshfields Bruckhaus Deringer LLP 12 0.5 1,260 7 25 1.4 -1.0 Beijing Kang Da Law Firm 17 0.8 2,203 4 76 0.2 0.7 White & Case LLP 12 0.4 1,078 7 20 4.5 -4.1 Weil Gotshal & Manges LLP 18 0.8 2,050 3 3 5.2 -4.4 Latham & Watkins LLP 12 0.3 795 7 7 1.2 -0.9 Gibson Dunn & Crutcher LLP 19 0.8 2,000 2 16 1.8 -1.1 Allen & Overy LLP 19 0.7 1,941 6 18 1.5 -0.8 Allen & Overy LLP 20 0.7 1,941 6 22 1.5 -0.8 Jia Yuan Law Offices 19 0.6 1,654 6 9 2.5 -1.9 TOTAL 266,560 3,360 TOTAL 266,560 3,360

19 Hong Kong Announced Deals (By Volume) 01/01/2019 - 09/23/2019 Hong Kong Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Linklaters LLP 1 10.2 7,398 3 71 0.1 10.1 Khaitan & Co 1 1.5 1,110 11 42 0.1 1.4 Norton Rose Fulbright LLP 2 8.9 6,443 3 38 0.7 8.2 Allen & Overy LLP 2 4.7 3,390 10 12 12.3 -7.6 Clifford Chance LLP 3 8.3 6,016 7 3 15.0 -6.7 Fangda Partners 3 6.0 4,367 9 1 20.2 -14.2 Paul Weiss Rifkind Wharton & Garrison LLP 4 7.6 5,468 5 12 4.1 3.5 AZB & Partners 3 1.4 986 9 22 0.3 1.1 Slaughter and May 5 7.5 5,432 7 23 1.9 5.6 Clifford Chance LLP 5 8.3 6,016 7 2 15.0 -6.7 Ropes & Gray LLP 6 6.2 4,500 6 14 3.6 2.6 Slaughter and May 5 7.5 5,432 7 16 1.9 5.6 Fangda Partners 7 6.0 4,367 9 1 20.2 -14.2 Freshfields Bruckhaus Deringer LLP 5 1.9 1,360 7 8 14.1 -12.2 Allen & Overy LLP 8 4.7 3,390 10 5 12.3 -7.6 Ropes & Gray LLP 8 6.2 4,500 6 22 3.6 2.6 Kirkland & Ellis LLP 9 3.6 2,577 4 20 2.1 1.5 Shardul Amarchand Mangaldas & Co 8 1.8 1,308 6 30 0.1 1.7 Latham & Watkins LLP 10 3.5 2,546 5 17 2.8 0.8 Paul Weiss Rifkind Wharton & Garrison LLP 10 7.6 5,468 5 5 4.1 3.5 Zhejiang T&C Law Firm 11 3.2 2,299 1 66 0.2 3.0 Latham & Watkins LLP 10 3.5 2,546 5 3 2.8 0.8 Blank Rome LLP 12 2.9 2,081 1 - - 2.9 Kim & Chang 10 2.4 1,706 5 59 0.3 2.0 Herbert Smith Freehills LLP 13 2.6 1,903 4 40 0.7 1.9 J Sagar Associates 10 1.4 1,001 5 30 0.1 1.3 Commerce & Finance Law Office 14 2.6 1,857 1 - - 2.6 Kirkland & Ellis LLP 14 3.6 2,577 4 30 2.1 1.5 Tian Yuan Law Firm 14 2.6 1,857 1 - - 2.6 Herbert Smith Freehills LLP 14 2.6 1,903 4 30 0.7 1.9 Debevoise & Plimpton LLP 16 2.6 1,850 2 50 0.4 2.2 Cyril Amarchand Mangaldas 14 1.7 1,223 4 22 0.4 1.3 Kim & Chang 17 2.4 1,706 5 56 0.3 2.0 Davis Polk & Wardwell LLP 14 1.2 866 4 16 2.6 -1.4 Winston & Strawn LLC 18 2.3 1,648 2 - - 2.3 Orrick Herrington & Sutcliffe LLP 14 0.1 55 4 30 2.3 -2.3 Simpson Thacher & Bartlett LLP 19 2.2 1,570 2 8 11.6 -9.4 Linklaters LLP 19 10.2 7,398 3 59 0.1 10.1 Paul Hastings LLP 20 2.0 1,440 2 13 4.0 -2.0 Norton Rose Fulbright LLP 19 8.9 6,443 3 8 0.7 8.2 TOTAL 72,434 970 TOTAL 72,434 970

Taiwan Announced Deals (By Volume) 01/01/2019 - 09/23/2019 Taiwan Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Morrison & Foerster LLP 1 17.5 1,000 2 4 10.8 6.7 Lee & Li 1 5.2 297 7 1 16.7 -11.5 Jones Day 2 12.7 726 5 12 3.2 9.5 Jones Day 2 12.7 726 5 2 3.2 9.5 Lexcel Partners Attorney-at-Law 3 8.2 468 4 11 3.2 5.0 Lexcel Partners Attorney-at-Law 3 8.2 468 4 5 3.2 5.0 Weil Gotshal & Manges LLP 4 6.1 350 1 - - 6.1 Nishimura & Asahi 3 0.9 52 4 - - 0.9 Sullivan & Cromwell LLP 4 6.1 350 1 - - 6.1 Morrison & Foerster LLP 5 17.5 1,000 2 5 10.8 6.7 Shin & Kim 4 6.1 350 1 - - 6.1 Allen & Gledhill LLP 5 4.4 251 2 - - 4.4 Kirkland & Ellis LLP 4 6.1 350 1 - - 6.1 Mori Hamada & Matsumoto 5 4.2 243 2 - - 4.2 Lee & Li 8 5.2 297 7 1 16.7 -11.5 Shearman & Sterling LLP 5 1.4 77 2 - - 1.4 Allen & Gledhill LLP 9 4.4 251 2 - - 4.4 Skadden Arps Slate Meagher & Flom LLP 5 1.0 55 2 - - 1.0 Mori Hamada & Matsumoto 10 4.2 243 2 - - 4.2 Weil Gotshal & Manges LLP 10 6.1 350 1 - - 6.1 Chen & Lin 11 2.9 165 1 10 4.0 -1.2 Sullivan & Cromwell LLP 10 6.1 350 1 - - 6.1 Ropes & Gray LLP 12 2.9 165 1 - - 2.9 Shin & Kim 10 6.1 350 1 - - 6.1 Pillsbury Winthrop Shaw Pittman LLP 13 1.6 90 1 - - 1.6 Kirkland & Ellis LLP 10 6.1 350 1 - - 6.1 Shearman & Sterling LLP 14 1.4 77 2 - - 1.4 Chen & Lin 10 2.9 165 1 9 4.0 -1.2 Jingtian & Gongcheng 15 1.0 55 1 - - 1.0 Ropes & Gray LLP 10 2.9 165 1 - - 2.9 Skadden Arps Slate Meagher & Flom LLP 15 1.0 55 2 - - 1.0 Pillsbury Winthrop Shaw Pittman LLP 10 1.6 90 1 - - 1.6 Nishimura & Asahi 17 0.9 52 4 - - 0.9 Jingtian & Gongcheng 10 1.0 55 1 - - 1.0 White & Case LLP 18 0.9 51 1 - - 0.9 White & Case LLP 10 0.9 51 1 - - 0.9 Kim & Chang 19 0.8 45 1 - - 0.8 Kim & Chang 10 0.8 45 1 - - 0.8 Hogan Lovells US LLP 19 0.8 45 1 - - 0.8 Hogan Lovells US LLP 10 0.8 45 1 - - 0.8 TOTAL 5,718 127 TOTAL 5,718 127

20 South East Asia Announced Deals (By Volume) 01/01/2019 - 09/23/2019 South East Asia Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 Simpson Thacher & Bartlett LLP 1 37.4 66,437 7 2 17.2 20.2 WongPartnership LLP 1 9.2 16,323 29 2 3.4 5.8 Weil Gotshal & Manges LLP 2 22.6 40,198 7 3 17.1 5.6 Allen & Gledhill LLP 1 8.8 15,679 29 1 3.3 5.5 Dechert LLP 3 21.0 37,367 2 13 9.4 11.6 Rajah & Tann 3 2.2 3,866 21 4 2.7 -0.6 Herbert Smith Freehills LLP 4 17.9 31,777 8 29 3.3 14.6 Latham & Watkins LLP 4 4.8 8,490 20 8 9.1 -4.3 Kirkland & Ellis LLP 5 17.8 31,617 8 6 11.6 6.2 Shook Lin & Bok LLP 5 0.8 1,376 16 6 1.3 -0.5 Allen & Overy LLP 6 16.4 29,121 15 23 4.2 12.2 Allen & Overy LLP 6 16.4 29,121 15 5 4.2 12.2 Corrs Chambers Westgarth 7 16.3 29,013 5 118 - 16.3 Baker & McKenzie LLP 7 3.2 5,685 14 2 3.6 -0.4 Freshfields Bruckhaus Deringer LLP 8 15.8 28,078 8 4 13.9 1.9 Orrick Herrington & Sutcliffe LLP 7 0.7 1,197 14 86 0.0 0.7 Blake Cassels & Graydon LLP 9 15.3 27,200 4 118 - 15.3 Nishimura & Asahi 9 2.4 4,248 12 19 3.1 -0.7 Osler Hoskin & Harcourt LLP 10 15.2 27,000 1 14 9.4 5.8 Herbert Smith Freehills LLP 10 17.9 31,777 8 10 3.3 14.6 Wachtell Lipton Rosen & Katz 11 12.0 21,259 2 14 9.4 2.6 Kirkland & Ellis LLP 10 17.8 31,617 8 26 11.6 6.2 Sullivan & Cromwell LLP 12 11.3 20,026 5 9 9.8 1.5 Freshfields Bruckhaus Deringer LLP 10 15.8 28,078 8 15 13.9 1.9 WongPartnership LLP 13 9.2 16,323 29 27 3.4 5.8 White & Case LLP 10 6.6 11,785 8 37 8.4 -1.7 Allen & Gledhill LLP 14 8.8 15,679 29 28 3.3 5.5 Kim & Chang 10 0.3 582 8 30 0.2 0.1 Sidley Austin LLP 15 7.3 12,969 5 - - 7.3 Simpson Thacher & Bartlett LLP 15 37.4 66,437 7 37 17.2 20.2 White & Case LLP 16 6.6 11,785 8 18 8.4 -1.7 Weil Gotshal & Manges LLP 15 22.6 40,198 7 37 17.1 5.6 Goodwin Procter LLP 17 5.8 10,386 3 8 9.8 -3.9 Jones Day 15 1.6 2,779 7 10 2.1 -0.6 Stroock & Stroock & Lavan LLP 18 5.8 10,367 1 - - 5.8 Shardul Amarchand Mangaldas & Co 15 0.4 754 7 17 2.2 -1.8 Allens 19 5.2 9,163 6 46 1.5 3.7 Clifford Chance LLP 15 0.3 600 7 12 17.9 -17.6 Cleary Gottlieb Steen & Hamilton LLP 20 5.2 9,156 3 64 0.4 4.8 AZB & Partners 15 0.3 592 7 12 2.8 -2.4 TOTAL 177,763 1,742 TOTAL 177,763 1,742

India Announced Deals (By Volume) 01/01/2019 - 09/23/2019 India Announced Deals (By Deal Count) 01/01/2019 - 09/23/2019 2019 2018 2019 2018 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 AZB & Partners 1 29.9 20,406 100 2 28.0 2.0 AZB & Partners 1 29.9 20,406 100 1 28.0 2.0 Shardul Amarchand Mangaldas & Co 2 19.5 13,301 56 1 35.0 -15.5 Khaitan & Co 2 15.1 10,264 93 3 21.6 -6.6 Cyril Amarchand Mangaldas 3 19.1 13,038 49 3 25.5 -6.4 Shardul Amarchand Mangaldas & Co 3 19.5 13,301 56 2 35.0 -15.5 Khaitan & Co 4 15.1 10,264 93 4 21.6 -6.6 Cyril Amarchand Mangaldas 4 19.1 13,038 49 4 25.5 -6.4 J Sagar Associates 5 5.9 4,004 34 23 5.9 0.0 J Sagar Associates 5 5.9 4,004 34 5 5.9 0.0 Argus Partners 6 4.6 3,146 1 - - 4.6 Trilegal 6 4.6 3,121 28 6 21.6 -17.0 Trilegal 7 4.6 3,121 28 5 21.6 -17.0 Veritas Legal 7 1.8 1,249 12 9 0.9 1.0 Kirkland & Ellis LLP 8 4.0 2,710 3 7 15.6 -11.6 Jerome Merchant + Partners 7 0.4 252 12 11 0.1 0.3 Cleary Gottlieb Steen & Hamilton LLP 9 3.8 2,600 1 28 3.6 0.2 S&R Associates 9 1.3 883 11 8 5.6 -4.3 Simpson Thacher & Bartlett LLP 10 2.9 1,989 8 11 14.0 -11.1 Simpson Thacher & Bartlett LLP 10 2.9 1,989 8 17 14.0 -11.1 Baker & McKenzie LLP 11 2.0 1,382 5 39 1.2 0.8 Baker & McKenzie LLP 11 2.0 1,382 5 12 1.2 0.8 Davis Polk & Wardwell LLP 12 2.0 1,374 2 34 2.4 -0.4 White & Case LLP 12 1.5 1,036 4 47 12.0 -10.5 Veritas Legal 13 1.8 1,249 12 48 0.9 1.0 L&L Partners 12 1.2 808 4 15 1.8 -0.6 White & Case LLP 14 1.5 1,036 4 20 12.0 -10.5 Talwar Thakore & Associates 12 0.2 115 4 22 4.8 -4.7 Sullivan & Cromwell LLP 15 1.4 943 2 8 15.6 -14.2 Kirkland & Ellis LLP 15 4.0 2,710 3 17 15.6 -11.6 S&R Associates 16 1.3 883 11 24 5.6 -4.3 Linklaters LLP 15 1.0 647 3 17 1.7 -0.8 L&L Partners 17 1.2 808 4 36 1.8 -0.6 Clifford Chance LLP 15 0.5 355 3 62 12.0 -11.4 Ropes & Gray LLP 18 1.1 744 2 62 0.4 0.7 Goodwin Procter LLP 15 0.5 313 3 22 0.5 0.0 Linklaters LLP 19 1.0 647 3 37 1.7 -0.8 Herbert Smith Freehills LLP 15 0.4 282 3 27 0.2 0.3 Weil Gotshal & Manges LLP 20 0.8 564 2 17 12.2 -11.4 Skadden Arps Slate Meagher & Flom LLP 15 0.3 182 3 - - 0.3 TOTAL 68,195 1,536 TOTAL 68,195 1,536

21 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:

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.