IMPORTANT DISCLOSURES

As of January 16th 2017, SG or its affiliates have received compensation for investment banking services in the past 12 months from:

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2I RETE GAS nocode371 Abbott Laboratories ABT.N AbbVie ABBV.N Abertis ABE.MC Accenture ACN.N ACS ACS.MC Adani Transmission Ltd ADAI.NS Adecco ADEN.S AES Corporation AES.N African Development nocode788 Agence Francaise de Developpement nocode746 AIG AIG.N Air -KLM AIRF.PA Air Liquide AIRP.PA AkzoNobel AKZO.AS Alcatel-Lucent ALUA.PA Alstom ALSO.PA Alstria Office REIT-AG AOXG.DE Altarea Cogedim IMAF.PA America Movil SAB de CV AMXL.MX American Honda Finance Corp nocode104 American Tower Corporation AMT.N Amorim Energia nocode029 Anadarko Corp APC.N Anheuser-Busch InBev ABI.BR LLC APO.N ArcelorMittal ISPA.AS Areva AREVA.PA Aroundtown Property Holdings PLC ALATP.PA ASIT Biotech ASIT.BR ASSYSTEM ASY.PA AT&T Inc T.N Atalian nocode600 Autoroutes -Rhin-Rhone APRR.PA AV.L AXAF.PA

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Bacardi nocode099 BAM GROEP BAMN.AS Banca MPS BMPS.MI Banca Popolare di Sondrio BPSI.MI Banco de Sabadell SABE.MC Banco Popular POP.MC SAN.MC Bank Gospodarki Krajowej nocode118 BAC.N Ltd 601988.SS Bank of Montreal BMO.TO Bank Pocztowy nocode088 Bank Westfaelische Landschaft Bodenkreditbank nocode576 Banque Federative du Credit Mutuel (BFCM) nocode415 Banque PSA nocode60 BARC.L Barry Callebaut AG BARN.S BBVA BBVA.MC Belfius nocode032 BG Group BG.L BHF KLEINWORT BENSON BHFKB.BR BioMérieux BIOX.PA BiSoho S.A.S. nocode249 Blackstone BX.N BMW BMWG.DE Boeing BA.N Bolloré BOLL.PA Bouygues BOUY.PA BP BP.L BPCE BPCE.FR Brisa Concessao Rodoviaria SA nocode546 Brookfield Finance Inc nocode549 Brooklyn Union Gas nocode273 BT Group BT.L Bunge Ltd BG.N Bureau Veritas BVI.PA BURGAN BANK BURG.KW Buwog AG BWOA.VI Cable Communications Systems N.V nocode790 Cablevision CVC.N CADES (Caisse d'amortissement de la dette sociale) nocode313 Caisse des depots et consignations nocode747 Caisse Française de Financement Local nocode084 Caixabank CABK.MC Carmila SAS nocode712 Carnival Corporation & Plc CCL.N

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Carrefour Banque nocode91 Casino CASP.PA Caterpillar Financial Services Corp nocode327 CBS Corporation CBS.N Cellectis ALCLS.PA Cellnex CLNX.MC Cellnovo CLNV.PA CESKA TELEKOMUNIKACNI INFRASTRUKTURA (CETIN) nocode146 CESKE DRAHY nocode176 CGG GEPH.PA CHENIERE CORPUS CHRISTI HOLDINGS nocode962 Cheniere Energy Partners LP Holdings, LLC CQH.A Cheniere Energy, Inc. LNG.A Chevron CVX.N CHINA CONSTRUCTION BANK CORP 0939.HK China Development Bank nocode097 CHINA THREE GORGES CORPORATION (CTG) nocode263 Christian Dior DIOR.PA C.N CLOSE BROTHERS GROUP PLC CBRO.L CMA CGM nocode333 CNH Industrial CNHI.N Coca-Cola Hellenic CCH.L Cofinimmo COFB.BR Cofiroute (Vinci) COFI_SG Comcast CMCSA.OQ Compagnie de Financement Foncier nocode53 Concessioni Autostradali Venete nocode853 CXO.N Constellium CSTM.N Council of Europe Development Bank nocode737 Covestro 1COV.DE Credit Agricole Group CRDA.FR Credit Agricole SFH nocode003 Credit Bank of Moscow CBOM.MM Credit Mutuel Nord Europe nocode0823 CSGN.S Credito Emiliano EMBI.MI CRH PLC CRH.L CRITERIA CAIXAHOLDING nocode070 Crown Castle International CCI.N CSC Holdings LLC nocode764 Daimler DAIGn.DE Danone DANO.PA DANSKE.CO Dell Inc nocode221

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Delphi Automotive PLC DLPH.N Deltacredit Bank nocode045 Derichebourg DBG.PA Deutsche Bahn DBB_SG AG DBKGn.DE Deutsche Boerse AG DB1Gn.DE DEUTSCHE ERDOL AG nocode414 Deutsche Telekom DTEGn.DE Development Bank Of Singapore (DBS) DBSM.SI Credit Local DCL_SG Dia DIDA.MC DIAXONHIT ALEHT.PA Direct Energie SA DIREN.PA DME Airport nocode734 DNB DNB.OL Dominion DOMI.MC DOMUSVI nocode231 DP World DPWD.L DVB Bank DVBG.F EasyJet EZJ.L EDF EDF.PA eDREAMS ODIGEO EDRE.MC EFSF nocode733 Eiffage FOUG.PA EMC Corp EMC.N Enagas ENAG.MC ENB.TO ENEI.MI Energias de Portugal EDP.LS Engie ENGIE.PA ENI.MI ENTERPRISE PRODUCTS OPERATING LP nocode842 EOG Resources Inc EOG.N EP Energy EPE.N EP Holding nocode091 EP Infrastructure nocode092 ERAC USA Finance LLC nocode823 ERMT.PA ERST.VI EUROCLEAR nocode826 Europcar EUCAR.PA European Investment Bank nocode736 European Stability Mechanism nocode457 European Union nocode735 ETL.PA Evonik EVKn.DE

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Evraz Plc EVRE.L EXPORT IMPORT BANK OF KOREA (KEXIM) nocode040 ExxonMobil XOM.N Faiveley FAIP.PA FCA FCHA.MI Ferrari NV RACE.N Ferrovial FER.MC Fimalac LBCP.PA FMC Technologies FTI.N FMS Wertmanagement nocode739 FNAC.PA Foncière des Régions FDR.PA Fonterra FSF.NZ Ford Credit Europe Bank nocode897 Ford Motor Co F.N Fresenius SE & Co. KGaA FREG.DE GALP.LS Gas Natural Fenosa Finance BV nocode005 Gas Natural SDG GAS.MC GE MONEY BANK FRANCE nocode697 Gecina GFCP.PA General Mills, Inc. GIS.N General Motors GM.N GeNeuro GNRO.PA GENOWAY ALGEN.PA Gestamp Automocion SL nocode025 Global Bioenergies ALGBE.PA Gran Tierra Energy GTE.A Great Western Petroleum LLC nocode0912 Groupama GPAMA_SG Groupe SEB SEBF.PA GUANGXI COMMUNICATIONS INVESTMENT GROUP CORPORATION LTD nocode661 HAIKOU MEILAN INTERNATIONAL AIRPORT CO LTD nocode071 Heineken HEIN.AS Henkel HNKG_p.DE Honeywell International HON.N Hong Kong Airlines Ltd HKAL_CFT HSBC HSBA.L Hypo Tirol Bank AG nocode223 HYUNDAI CAPITAL AMERICA nocode141 IBM IBM.N ICAD.PA Iliad ILD.PA Illinois Tool Works Inc ITW.N IMTP.PA ING Bank NV INGNLECP

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Instituto de Credito Oficial nocode750 Integrated Dental Holdings nocode351 International Bank for Reconstruction and Development nocode762 ISP.MI Intralot INLr.AT Inventiva nocode092916 IPN.PA Isbank ISCTR.IS Italgas IG.MI JAB Holding BV nocode545 Jaguar Land Rover JLR.PA JCDecaux JCDX.PA JPMorgan Chase & Co. JPM.N KBC KBC.BR Keyspan Gas East Corp nocode341 KFW nocode455 Klepierre LOIM.PA Korea Development Bank nocode789 KOREA GAS CORPORATION 36460.KS KOREA nocode065 KPN KPN.AS RIC_LBP LA FRANCAISE DE L'ENERGIE LFDE_w.PA LACTALIS nocode174 LafargeHolcim LHN.PA Lagardère LAGA.PA Landesbank Hessen Thueringen Girozentrale LHTGg.F Landwirtschaftliche Rentenbank nocode330 Lanxess LXSG.DE LB Baden Wurttemberg LBB_SG Leaseplan Corporation NV nocode128 LEG Immobilien AG LEGn.DE Liberty Interactive Corp QVCA.OQ LLOY.L Stock Exchange LSE.L LYSOGENE nocode004 MACQUARIE ATLAS ROADS MQA.AX MDM_W.PA MASSACHUSETTS ELECTRIC CO MSSEL.PK Match Group MTCH.OQ Mattel MAT.OQ McDonald's MCD.N MCS Groupe nocode367 Mediawan SA Nocode 0321 Spa MDBI.MI Mercator MELR.LJ

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Merlin Properties MRL.MC Metrovacesa MVC.MC Michelin MICP.PA Mitsubishi UFJ Financial Group 8306.T MOL MOLB.BU Molmed MLMD.MI Mondelez International MDLZ.OQ MS.N MS&AD Group 8725.T Mubadala Development Company MBD_SG MUNICIPALITY FINANCE PLC nocode 208 National Grid NG.L Nationwide Building Society POB_p.L Newfield Exploration NFX.N .PA NGL Energy Partners NGL.N Nissan Motor Co 7201.T Noble Energy NBL.N Noble Group NOBG.SI Noble Partners nocode1673 Nokia NOKIA.HE NDA.ST Novartis AG NOVN.S Novelis Corporation nocode5893 Novolipetsk Steel NLMKq.L Nuova Banca delle Marche nocode452 Nuova Banca dell'Etruria e del Lazio nocode453 Nuova Cassa di Risparmio di Chieti nocode454 Nuova Cassa di Risparmio di Ferrara nocode458 Corporation OXY.N Octo Technology SA ALOCT.PA Omnicom Group Incorporated OMC.N Oracle ORCL.N Orange ORAN.PA Orbis ORBS.WA OTKRITIE FINANCIAL CORPORATION BANK nocode567 Parmalat PLT.MI PEMEX PMX_SG PepsiCo PEP.N Pernod Ricard PERP.PA Peugeot Citroen PSA PEUP.PA Philip Morris International PM.N Philips Lighting LIGHT.AS PICC PROPERTY AND CASUALTY 2328.HK PKN ORLEN PKN.WA PKO BP HYPOTECZNY nocode875

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Pohjola POH1S.HE PPG Industries PPG.N Praxair Inc PX.N Promeo ALMEO.PA Publicis Groupe PUBP.PA RASPADSKAYA RASP.MM RATP (REGIE AUTONOME DES TRANSPORTS PARISIENS) nocode344 RCI Banque nocode79 RCS&RDS nocode768 Redes Energeticas Nacionais RENE.LS RELX PLC REL.L Rémy Cointreau RCOP.PA Rentenbank nocode740 RXL.PA RFF nocode745 Royal Bank of Canada RY.TO Royal RBS.L RDSb.L RSA Insurance Group RSA.L RTE RTE_SG Sabine Pass Liquefacation CQP.A SABMiller SAB.L Safran SAF.PA Saint-Gobain SGOB.PA Sanef SNF.PA SCBC nocode120 SLB.N Schneider SCHN.PA SES SESFd.PA Severstal SVSTq.L SGL Carbon SGCG.DE SIBUR nocode564 Simon Property Group SPG.N 0386 HK SRG.MI SNS BANK NV nocode119 Somfy DAMA.PA Southern California Gas SOCGM.PK Southwestern Energy SWN.N Sparebank 1 SR SRBANK.OL SPIE SPIE.PA STAN.L Steinhoff International SNHG.DE Stentys STEN.PA Suez SEVI.PA SWEDa.ST

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Taqa TAQA.AD Tarkett TKTT.PA TDF nocode361 TECF.PA Telecom Italia Spa TLIT.MI Telefonica SA TEF.MC Teleperformance ROCH.PA Telxius nocode570 Tengizchevroil nocode562 Terna TRN.MI Thales TCFP.PA THOM Europe SAS nocode073 Thomas Cook Group plc TCG.L ThyssenKrupp TKAG.DE Time Warner Inc. TWX.N TITAN CEMENT TTNr.AT Toronto-Dominion Bank TD.TO Toyota Motor Corp 7203.T Toyota Motor Credit Corporation nocode861 TUI TUIGn.DE TLW.L UBI Banca UBI.MI UBS AG UBS.N Unibail-Rodamco UNBP.AS SpA CRDI.MI United Parcel Service UPS.N United States Steel X.N United Technologies UTX.N Vakifbank VAKBN.IS Vale VALE.N Valeo VLOF.PA VLLP.PA Verallia nocode345 Vestas Wind Systems VWS.CO Viesgo nocode444 Vinci SGEF.PA Vivendi VIV.PA Vodafone VOD.L Volkswagen (Pref.) VOWG_p.DE Volvo VOLVb.ST Vonovia SE VNAn.DE Voyageurs du Monde ALVDM.PA Wabtec WAB.N Walgreens Boots Alliance Inc WBA.O MWDP.PA Western Gas Partners LP WES.N

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WOORI BANK nocode078 Xylem XYL.N ZEC KOGENERACJA KGN.WA Zhejiang Geely Holding Group Company Limited nocode827 Ziraat Bankasi nocode053

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HISTORICAL DATA

12/01/2017 09/01/2017 05/01/2017 02/01/2017 29/12/2016 27/12/2016 22/12/2016 19/12/2016 15/12/2016 12/12/2016 08/12/2016 05/12/2016

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