LEAGUE TABLES H1 2018 Preliminary As of 25 June 2018 H1 2018 PRELIMINARY AS of 25 JUNE 2018 MANAGER RANKINGS ASIA PACIFIC CAPITAL MARKETS

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ASIA PACIFIC CAPITAL MARKETS LEAGUE TABLES H1 2018 Preliminary As of 25 June 2018 H1 2018 PRELIMINARY AS OF 25 JUNE 2018 MANAGER RANKINGS ASIA PACIFIC CAPITAL MARKETS

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DATA SUBMISSIONS AND QUERIES

Contact Phone Email Equities Zhen Hao Toh +65 6499 2931 [email protected]

Fixed Income Jennifer Passos +65 6231 9677 [email protected]

Loans Colin Tang +65 6499 2949 [email protected]

APAC League Xin Yu Chen +65 6212 1123 [email protected]

Asia ex-Japan G3 Currency Bonds: Industry Breakdown Asia Pacific Fixed Income 13%

6% Asia ex-Japan G3 Currency Bonds 7% 55%

H1 2018 H1 2017 12% Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) HSBC 1 7.327 10,159 126 1 9.020 -1.693 Citi 2 5.929 8,219 85 3 6.455 -0.526 Financials 55% Bank of China 3 5.352 7,421 115 4 5.037 0.315 Government 12% Standard Chartered Bank 4 4.355 6,038 76 2 6.640 -2.285 Technology 7% Bank of America Merrill Lynch 5 3.255 4,513 61 10 2.947 0.308 Materials 6% Deutsche Bank 6 3.218 4,461 51 5 4.246 -1.028 Utilities 6% JP Morgan 7 3.154 4,373 39 6 4.151 -0.997 Others 13% BNP Paribas 8 3.118 4,323 56 17 2.350 0.768 Credit Suisse 9 2.877 3,988 49 7 3.450 -0.573 Morgan Stanley 10 2.736 3,794 54 8 3.334 -0.598 Asia ex-Japan G3 Currency Bonds: Manager Rankings Industrial & Comm Bank of 11 2.595 3,597 66 13 2.619 -0.024 History China Goldman Sachs 12 2.588 3,588 36 16 2.369 0.219 2018 2017 2016 15 DBS Group 13 2.414 3,347 54 12 2.858 -0.444 UBS 14 2.408 3,339 48 9 3.231 -0.823 )

% 10 (

Haitong Securities Co Ltd 15 2.274 3,153 62 11 2.865 -0.591 e r a h

Credit Agricole CIB 16 2.252 3,123 35 22 1.720 0.532 S

t e k r Mizuho Financial 17 2.173 3,013 49 21 1.776 0.397 a 5 M Barclays 18 2.171 3,010 35 19 1.818 0.353 China Citic Bank 19 1.837 2,547 51 20 1.803 0.034 0 ti a k h k Bank of Communications 20 1.707 2,367 44 15 2.389 -0.682 C i n n c n B C i a n a S h y H C B L B f d l e o re il h k e rr c TOTAL 100% 138,642 325 100% n rt e ts a a M u B h e C a D ic rd r a e d m n A ta f S o k This table consists of debt & preferred securities issued by Asia excluding Japan issuers and denominated in USD, EUR or JPY. This excludes n a asset-backed securities, bonds with warrants, certificates of deposit, china commercial paper, convertible securities, credit-linked notes and B supranational issuers. There is a minimum threshold of 18 months for maturities and USD 100MM minimum amount. Please see League Table Standards and Guidelines for further details.

Bloomberg League Table Reports Page 1 Bloomberg Preliminary APAC Capital Markets | H1 2018

Asia ex-Japan G3 Currency Bonds APAC ex-Japan G3 Currency Bonds H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) HSBC 1 7.327 10,159 126 1 9.020 -1.693 HSBC 1 7.111 12,460 142 1 9.197 -2.086 Citi 2 5.929 8,219 85 3 6.455 -0.526 Citi 2 6.955 12,186 110 2 6.796 0.159 Bank of China 3 5.352 7,421 115 4 5.037 0.315 JP Morgan 3 4.798 8,406 64 3 5.883 -1.085 Standard Chartered Bank 4 4.355 6,038 76 2 6.640 -2.285 Bank of America Merrill Lynch 4 4.426 7,755 82 6 4.084 0.342 Bank of America Merrill Lynch 5 3.255 4,513 61 10 2.947 0.308 Bank of China 5 4.235 7,421 115 7 3.982 0.253 Deutsche Bank 6 3.218 4,461 51 5 4.246 -1.028 Goldman Sachs 6 3.785 6,632 48 11 2.807 0.978 JP Morgan 7 3.154 4,373 39 6 4.151 -0.997 BNP Paribas 7 3.564 6,245 65 12 2.502 1.062 BNP Paribas 8 3.118 4,323 56 17 2.350 0.768 Standard Chartered Bank 8 3.446 6,038 76 4 5.249 -1.803 Credit Suisse 9 2.877 3,988 49 7 3.450 -0.573 Deutsche Bank 9 3.404 5,964 59 8 3.742 -0.338 Morgan Stanley 10 2.736 3,794 54 8 3.334 -0.598 Morgan Stanley 10 3.151 5,521 64 5 4.649 -1.498 Industrial & Comm Bank of China 11 2.595 3,597 66 13 2.619 -0.024 Credit Suisse 11 3.138 5,498 60 9 3.293 -0.155 Goldman Sachs 12 2.588 3,588 36 16 2.369 0.219 UBS 12 2.504 4,387 53 10 3.100 -0.596 DBS Group 13 2.414 3,347 54 12 2.858 -0.444 ANZ Banking Group 13 2.128 3,728 43 15 2.198 -0.070 UBS 14 2.408 3,339 48 9 3.231 -0.823 Industrial & Comm Bank of China 14 2.053 3,597 66 16 2.070 -0.017 Haitong Securities Co Ltd 15 2.274 3,153 62 11 2.865 -0.591 Barclays 15 1.987 3,482 38 19 1.705 0.282 Credit Agricole CIB 16 2.252 3,123 35 22 1.720 0.532 DBS Group 16 1.910 3,347 54 14 2.260 -0.350 Mizuho Financial 17 2.173 3,013 49 21 1.776 0.397 Mizuho Financial 17 1.864 3,265 51 20 1.653 0.211 Barclays 18 2.171 3,010 35 19 1.818 0.353 Credit Agricole CIB 18 1.859 3,256 36 24 1.423 0.436 China Citic Bank 19 1.837 2,547 51 20 1.803 0.034 Haitong Securities Co Ltd 19 1.799 3,153 62 13 2.265 -0.466 Bank of Communications 20 1.707 2,367 44 15 2.389 -0.682 Commonwealth Bank Australia 20 1.616 2,832 24 29 0.832 0.784 TOTAL 100% 138,642 325 100% TOTAL 100% 175,209 392 100%

Asia ex-Japan G3 Corporate High Yield Bonds Asia ex-Japan G3 Investment Grade Bonds H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Haitong Securities Co Ltd 1 7.692 1,659 38 1 11.393 -3.701 HSBC 1 8.337 8,487 99 1 9.891 -1.554 Guotai Junan Securities 2 6.835 1,474 37 13 3.123 3.712 Citi 2 6.793 6,914 70 3 7.243 -0.450 Morgan Stanley 3 5.155 1,112 15 5 4.652 0.503 Bank of China 3 4.994 5,084 78 4 5.429 -0.435 Credit Suisse 4 4.940 1,065 18 2 9.434 -4.494 Bank of America Merrill Lynch 4 3.893 3,963 49 7 3.418 0.475 China Citic Bank 5 4.813 1,038 17 3 7.079 -2.266 Standard Chartered Bank 5 3.831 3,900 52 2 7.283 -3.452 Deutsche Bank 6 4.745 1,023 18 9 3.949 0.796 BNP Paribas 6 3.824 3,892 48 14 2.440 1.384 HSBC 7 3.825 825 18 4 6.029 -2.204 Industrial & Comm Bank of China 7 3.246 3,304 59 9 3.325 -0.079 UBS 8 3.822 824 19 15 2.710 1.112 Credit Agricole CIB 8 2.939 2,991 32 16 2.238 0.701 Bank of China 9 3.518 759 14 16 2.258 1.260 JP Morgan 9 2.925 2,978 29 6 4.095 -1.170 Barclays 10 3.362 725 5 10 3.826 -0.464 Goldman Sachs 10 2.798 2,848 28 13 2.609 0.189 Standard Chartered Bank 11 3.320 716 13 12 3.178 0.142 Deutsche Bank 11 2.780 2,830 29 5 4.390 -1.610 JP Morgan 12 3.223 695 7 7 4.447 -1.224 Mizuho Financial 12 2.701 2,750 43 15 2.381 0.320 Goldman Sachs 13 2.967 640 6 14 2.883 0.084 Morgan Stanley 13 2.527 2,572 35 10 3.302 -0.775 Orient Securities Co Ltd 14 2.950 636 15 51 0.122 2.828 Bank of Communications 14 2.200 2,239 40 12 2.848 -0.648 CITIC Securities Co Ltd 15 2.635 568 9 26 0.837 1.798 UBS 15 2.133 2,171 24 8 3.361 -1.228 Bank of America Merrill Lynch 16 2.550 550 12 17 2.161 0.389 DBS Group 16 1.976 2,011 29 18 1.932 0.044 Industrial Securities Co Ltd 17 2.487 536 15 51 0.122 2.365 Mitsubishi UFJ Financial Group Inc 17 1.948 1,982 25 19 1.726 0.222 VTB Capital 18 2.448 528 9 22 1.019 1.429 Credit Suisse 18 1.903 1,937 23 20 1.578 0.325 DBS Group 19 2.301 496 8 11 3.330 -1.029 Barclays 19 1.894 1,928 24 22 1.489 0.405 Citi 20 1.779 384 7 6 4.647 -2.868 Societe Generale 20 1.560 1,588 22 25 1.005 0.555 TOTAL 100% 21,563 77 100% TOTAL 100% 101,789 201 100%

Bloomberg League Table Reports Page 2 Bloomberg Preliminary APAC Capital Markets | H1 2018

APAC USD & EUR Currency Bonds Asia Bonds H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Citi 1 7.933 15,868 128 2 7.324 0.609 Bank of China 1 4.222 26,157 217 5 2.986 1.236 HSBC 2 6.291 12,585 143 1 8.698 -2.407 CITIC Securities Co Ltd 2 3.910 24,226 146 6 2.913 0.997 JP Morgan 3 5.492 10,987 77 3 7.115 -1.623 Industrial & Comm Bank of China 3 3.775 23,388 170 9 2.472 1.303 Bank of America Merrill Lynch 4 4.970 9,942 95 4 4.671 0.299 Morgan Stanley 4 3.120 19,331 282 1 3.706 -0.586 Goldman Sachs 5 4.342 8,685 55 7 4.188 0.154 China Securities Co Ltd 5 3.055 18,929 165 14 2.150 0.905 Morgan Stanley 6 4.163 8,326 76 6 4.598 -0.435 China Construction Bank 6 2.803 17,367 159 7 2.756 0.047 Bank of China 7 3.679 7,358 113 8 3.522 0.157 Mizuho Financial 7 2.792 17,297 296 2 3.411 -0.619 Deutsche Bank 8 3.487 6,975 65 9 3.421 0.066 HSBC 8 2.703 16,748 197 3 3.199 -0.496 BNP Paribas 9 3.245 6,491 67 12 2.622 0.623 Agricultural Bank of China 9 2.702 16,741 118 18 1.797 0.905 Standard Chartered Bank 10 3.019 6,038 76 5 4.643 -1.624 Citi 10 2.471 15,307 140 4 3.011 -0.540 Credit Suisse 11 2.748 5,498 60 10 2.912 -0.164 Sumitomo Mitsui Financial 11 2.217 13,733 212 10 2.418 -0.201 Mizuho Financial 12 2.484 4,968 61 13 2.332 0.152 Nomura 12 2.092 12,964 213 8 2.594 -0.502 UBS 13 2.316 4,633 55 11 2.742 -0.426 China Merchants Bank 13 2.091 12,956 132 19 1.678 0.413 Mitsubishi UFJ Financial Group Inc 14 2.219 4,438 40 21 1.597 0.622 Industrial Bank 14 2.079 12,883 139 29 1.168 0.911 Sumitomo Mitsui Financial 15 2.177 4,354 27 35 0.666 1.511 China Development Bank 15 2.064 12,787 84 32 0.996 1.068 Barclays 16 1.991 3,982 41 14 2.154 -0.163 China International Capital Corp 16 2.024 12,538 99 17 1.876 0.148 ANZ Banking Group 17 1.864 3,728 43 17 1.944 -0.080 Haitong Securities Co Ltd 17 1.878 11,635 137 15 2.133 -0.255 Industrial & Comm Bank of China 18 1.798 3,597 66 18 1.831 -0.033 Daiwa Securities 18 1.826 11,314 215 12 2.238 -0.412 DBS Group 19 1.673 3,347 54 16 1.998 -0.325 China Citic Bank 19 1.803 11,172 125 22 1.505 0.298 Credit Agricole CIB 20 1.628 3,256 36 25 1.214 0.414 China Minsheng Banking Corp Ltd 20 1.658 10,271 124 42 0.797 0.861 TOTAL 100% 200,030 430 100% TOTAL 100% 619,535 3,346 100%

Asia ex-Japan Bonds APAC Bonds H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of China 1 4.886 26,112 215 1 3.597 1.289 Bank of China 1 3.715 26,157 217 6 2.583 1.132 CITIC Securities Co Ltd 2 4.530 24,207 145 3 3.508 1.022 CITIC Securities Co Ltd 2 3.441 24,226 146 7 2.519 0.922 Industrial & Comm Bank of China 3 4.368 23,343 168 5 2.978 1.390 Industrial & Comm Bank of China 3 3.322 23,388 170 12 2.138 1.184 China Securities Co Ltd 4 3.542 18,929 165 8 2.589 0.953 Citi 4 3.120 21,968 175 3 3.514 -0.394 China Construction Bank 5 3.250 17,367 159 4 3.319 -0.069 Morgan Stanley 5 3.083 21,708 302 1 3.878 -0.795 Agricultural Bank of China 6 3.133 16,741 118 12 2.165 0.968 HSBC 6 2.923 20,582 227 2 3.568 -0.645 HSBC 7 3.096 16,543 194 2 3.536 -0.440 China Securities Co Ltd 7 2.688 18,929 165 17 1.859 0.829 China Merchants Bank 8 2.424 12,956 132 13 2.021 0.403 Mizuho Financial 8 2.555 17,987 309 4 3.090 -0.535 Industrial Bank 9 2.411 12,883 139 23 1.407 1.004 China Construction Bank 9 2.466 17,367 159 9 2.383 0.083 China Development Bank 10 2.393 12,787 84 26 1.200 1.193 Agricultural Bank of China 10 2.378 16,741 118 25 1.554 0.824 China International Capital Corp 11 2.346 12,538 99 11 2.260 0.086 Nomura 11 2.048 14,418 224 8 2.431 -0.383 Haitong Securities Co Ltd 12 2.177 11,635 137 9 2.569 -0.392 Sumitomo Mitsui Financial 12 2.041 14,368 218 11 2.176 -0.135 Citi 13 2.132 11,395 121 6 2.908 -0.776 ANZ Banking Group 13 1.948 13,714 109 10 2.284 -0.336 China Citic Bank 14 2.091 11,172 125 15 1.812 0.279 JP Morgan 14 1.851 13,033 109 5 2.683 -0.832 China Minsheng Banking Corp Ltd 15 1.922 10,271 124 34 0.960 0.962 China Merchants Bank 15 1.840 12,956 132 26 1.451 0.389 Shanghai Pudong Development Bank Co Ltd 16 1.896 10,134 124 27 1.199 0.697 Industrial Bank 16 1.830 12,883 139 34 1.010 0.820 Bank of Communications 17 1.879 10,039 108 16 1.766 0.113 China Development Bank 17 1.816 12,787 84 38 0.861 0.955 Guotai Junan Securities 18 1.758 9,394 120 10 2.290 -0.532 China International Capital Corp 18 1.781 12,538 99 23 1.623 0.158 Standard Chartered Bank 19 1.749 9,345 130 7 2.771 -1.022 UBS 19 1.725 12,145 97 13 2.035 -0.310 China Merchants Securities 20 1.255 6,704 48 18 1.633 -0.378 Daiwa Securities 20 1.659 11,683 224 15 2.005 -0.346 TOTAL 100% 534,377 2,889 100% TOTAL 100% 704,111 3,630 100%

Bloomberg League Table Reports Page 3 Bloomberg Preliminary APAC Capital Markets | H1 2018

APAC ex-Japan Bonds Asia Local Currency Bonds H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of China 1 4.219 26,112 215 3 3.028 1.191 CITIC Securities Co Ltd 1 4.492 23,416 131 2 3.646 0.846 CITIC Securities Co Ltd 2 3.911 24,207 145 4 2.953 0.958 Industrial & Comm Bank of China 2 4.257 22,191 126 10 2.663 1.594 Industrial & Comm Bank of China 3 3.771 23,343 168 7 2.507 1.264 Bank of China 3 4.228 22,041 132 9 2.728 1.500 HSBC 4 3.292 20,377 224 1 3.916 -0.624 China Securities Co Ltd 4 3.754 19,568 171 7 2.822 0.932 China Securities Co Ltd 5 3.058 18,929 165 11 2.180 0.878 China Construction Bank 5 3.652 19,039 150 5 3.250 0.402 Citi 6 2.917 18,056 156 2 3.513 -0.596 Agricultural Bank of China 6 3.119 16,261 90 11 2.346 0.773 China Construction Bank 7 2.806 17,367 159 5 2.794 0.012 Mizuho Financial 7 3.086 16,087 294 1 3.837 -0.751 Agricultural Bank of China 8 2.705 16,741 118 19 1.822 0.883 Industrial Bank 8 2.726 14,208 130 13 2.233 0.493 ANZ Banking Group 9 2.178 13,481 105 6 2.620 -0.442 China Development Bank 9 2.697 14,060 93 21 1.485 1.212 China Merchants Bank 10 2.093 12,956 132 20 1.701 0.392 China Merchants Bank 10 2.559 13,338 106 14 2.216 0.343 Industrial Bank 11 2.081 12,883 139 29 1.184 0.897 Nomura 11 2.558 13,333 248 4 3.325 -0.767 China Development Bank 12 2.066 12,787 84 31 1.010 1.056 Morgan Stanley 12 2.452 12,784 225 3 3.570 -1.118 China International Capital Corp 13 2.026 12,538 99 17 1.902 0.124 Bank of Communications 13 2.399 12,504 94 23 1.356 1.043 UBS 14 1.922 11,899 95 8 2.385 -0.463 HSBC 14 2.382 12,417 179 20 1.598 0.784 Haitong Securities Co Ltd 15 1.880 11,635 137 12 2.162 -0.282 Sumitomo Mitsui Financial 15 2.326 12,126 218 6 3.191 -0.865 China Citic Bank 16 1.805 11,172 125 22 1.525 0.280 China International Capital Corp 16 2.157 11,243 65 15 2.114 0.043 JP Morgan 17 1.689 10,453 96 10 2.289 -0.600 China Minsheng Banking Corp Ltd 17 2.156 11,240 116 28 1.179 0.977 China Minsheng Banking Corp Ltd 18 1.659 10,271 124 40 0.808 0.851 Daiwa Securities 18 2.117 11,035 219 8 2.785 -0.668 Shanghai Pudong Development Bank Co Ltd 19 1.637 10,134 124 32 1.010 0.627 China Citic Bank 19 2.101 10,954 97 18 1.677 0.424 Bank of Communications 20 1.622 10,039 108 23 1.486 0.136 Shanghai Pudong Development Bank Co Ltd 20 1.899 9,900 109 24 1.287 0.612 TOTAL 100% 618,953 3,173 100% TOTAL 100% 521,299 3,761 100%

ASEAN Local Currency Bonds Offshore China Bonds H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) CIMB 1 9.664 3,544 101 1 14.157 -4.493 Bank of China 1 7.644 6,476 98 1 7.345 0.299 Maybank 2 6.822 2,502 71 4 5.591 1.231 HSBC 2 5.375 4,554 76 2 6.690 -1.315 DBS Group 3 6.654 2,440 71 2 7.764 -1.110 Industrial & Comm Bank of China 3 3.980 3,372 59 8 3.694 0.286 AmInvestment Bank Bhd 4 6.409 2,350 92 3 5.609 0.800 Goldman Sachs 4 3.471 2,941 32 16 2.431 1.040 Kasikornbank PCL 5 6.156 2,258 51 7 5.190 0.966 Haitong Securities Co Ltd 5 3.395 2,877 53 4 4.575 -1.180 RHB 6 6.004 2,202 71 9 4.166 1.838 Credit Suisse 6 3.229 2,735 37 7 3.773 -0.544 Bank of Ayudhya PCL 7 5.500 2,017 29 11 3.836 1.664 Standard Chartered Bank 7 3.186 2,699 44 3 5.593 -2.407 Oversea-Chinese Banking Corp 8 5.385 1,975 33 8 4.945 0.440 Bank of America Merrill Lynch 8 2.972 2,518 40 18 2.093 0.879 Siam Commercial Bank PCL 9 4.534 1,663 30 10 3.997 0.537 Bank of Communications 9 2.926 2,479 40 9 3.599 -0.673 United Overseas Bank 10 4.026 1,476 42 12 3.074 0.952 Citi 10 2.882 2,442 41 10 3.460 -0.578 Krung Thai Bank 11 3.621 1,328 35 5 5.535 -1.914 China Citic Bank 11 2.878 2,439 47 12 2.931 -0.053 Bangkok Bank PCL 12 3.488 1,279 39 6 5.224 -1.736 BNP Paribas 12 2.688 2,278 32 17 2.305 0.383 Thanachart Capital PCL 13 2.279 836 14 50 0.209 2.070 Morgan Stanley 13 2.645 2,241 36 5 4.028 -1.383 Indo Premier Securities 14 2.130 781 78 17 1.535 0.595 JP Morgan 14 2.522 2,137 21 15 2.618 -0.096 HSBC 15 2.115 776 12 15 1.887 0.228 Guotai Junan Securities 15 2.370 2,008 51 27 1.317 1.053 Phatra Securities PCL 16 1.840 675 16 19 1.501 0.339 Mizuho Financial 16 2.230 1,889 34 22 1.809 0.421 China Banking Capital Corp 17 1.673 613 13 26 0.893 0.780 UBS 17 2.179 1,846 32 14 2.843 -0.664 Tisco Bank PCL 18 1.538 564 4 24 0.960 0.578 Barclays 18 2.057 1,743 24 19 1.927 0.130 Danareksa Sekuritas PT 19 1.530 561 48 16 1.750 -0.220 DBS Group 19 2.033 1,723 32 13 2.882 -0.849 Standard Chartered Bank 20 1.494 548 14 13 2.157 -0.663 Deutsche Bank 20 2.019 1,710 28 11 3.117 -1.098 TOTAL 100% 36,671 534 100% TOTAL 100% 84,727 204 100%

Bloomberg League Table Reports Page 4 Bloomberg Preliminary APAC Capital Markets | H1 2018

APAC Equity, Equity Linked & Rights: Industry Breakdown

Asia Pacific Equity 5% 6% 6% 29%

APAC Equity, Equity Linked & Rights 7%

H1 2018 H1 2017 8% 10% 22% Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Morgan Stanley 1 8.923 10,887 47 1 7.372 1.551 Citi 2 8.502 10,374 52 4 4.344 4.158 Financials 29% Goldman Sachs 3 8.144 9,936 33 2 6.255 1.889 Technology 22% China International Capital 4 5.035 6,143 14 12 2.389 2.646 Consumer Discretionary 10% Corp Industrials 8% Bank of America Merrill Lynch 5 4.949 6,039 14 6 3.630 1.319 Materials 7% UBS 6 4.186 5,108 30 3 4.537 -0.351 Energy 6% Credit Suisse 7 3.768 4,597 33 18 1.423 2.345 Communications 6% JP Morgan 8 3.717 4,535 27 9 2.883 0.834 Health Care 6% China Securities Co Ltd 9 3.127 3,815 16 17 1.529 1.598 Others 5% Sumitomo Mitsui Financial 10 2.800 3,416 42 7 3.417 -0.617 Nomura 11 2.569 3,134 54 5 3.977 -1.408 CITIC Securities Co Ltd 12 2.462 3,004 19 8 3.303 -0.841 APAC Equity, Equity Linked & Rights: Manager Rankings Daiwa Securities 13 2.281 2,783 26 16 1.789 0.492 History Deutsche Bank 14 2.200 2,685 19 14 1.979 0.221

Mizuho Financial 15 2.031 2,479 30 10 2.877 -0.846 2018 2017 2016 Haitong Securities Co Ltd 16 1.470 1,794 17 13 2.056 -0.586 15 Guotai Junan Securities 17 1.344 1,640 14 21 1.259 0.085 )

% 10

Huatai Securities Co Ltd 18 1.338 1,633 10 63 0.304 1.034 (

e r a

HSBC 19 1.291 1,576 12 25 1.007 0.284 h S

t e k China Merchants Securities 20 1.095 1,336 9 19 1.380 -0.285 r a 5 M TOTAL 100% 122,013 1,105 100%

0 This table consists of equity, equity-linked and rights offerings issued by Asia Pacific issuers. This excludes bonds with warrants, credit linked y ti s p h e i h r c S l C c o n B n a C y U ta l L notes, private placements, reverse convertibles, and self-led offerings. There is a minimum threshold of 12 month minimum call, put & maturity S a l S n it il n a p rr a a e g m C periods. Please see League Table Standards and Guidelines for further details. r ld l M o o a a M G n c o ri ti e a m rn A te f n o I k a n in a h B C

Bloomberg League Table Reports Page 5 Bloomberg Preliminary APAC Capital Markets | H1 2018

APAC Equity & Equity Linked APAC Equity Offerings H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Citi 1 9.401 10,374 52 3 4.342 5.059 Citi 1 10.849 9,504 48 3 4.757 6.092 Morgan Stanley 2 8.969 9,898 46 1 7.984 0.985 Morgan Stanley 2 10.777 9,441 42 1 7.580 3.197 Goldman Sachs 3 8.785 9,695 32 2 6.532 2.253 Goldman Sachs 3 7.075 6,198 26 2 5.910 1.165 China International Capital Corp 4 5.567 6,143 14 11 2.587 2.980 Bank of America Merrill Lynch 4 6.382 5,591 12 4 4.523 1.859 Bank of America Merrill Lynch 5 5.472 6,039 14 5 3.931 1.541 China International Capital Corp 5 6.116 5,358 11 18 1.627 4.489 Credit Suisse 6 3.893 4,296 32 21 1.244 2.649 UBS 6 3.750 3,285 24 9 2.649 1.101 JP Morgan 7 3.630 4,005 24 10 3.001 0.629 JP Morgan 7 3.591 3,146 21 7 2.850 0.741 UBS 8 3.383 3,733 26 8 3.374 0.009 Sumitomo Mitsui Financial 8 3.294 2,886 39 5 4.222 -0.928 Sumitomo Mitsui Financial 9 3.096 3,416 42 6 3.701 -0.605 Credit Suisse 9 3.033 2,657 24 21 1.432 1.601 China Securities Co Ltd 10 2.882 3,181 15 16 1.656 1.226 Mizuho Financial 10 2.616 2,291 29 8 2.680 -0.064 Nomura 11 2.840 3,134 54 4 4.307 -1.467 Daiwa Securities 11 2.601 2,278 23 13 2.109 0.492 CITIC Securities Co Ltd 12 2.722 3,004 19 7 3.577 -0.855 Nomura 12 2.484 2,176 46 6 3.686 -1.202 Daiwa Securities 13 2.522 2,783 26 14 1.938 0.584 CITIC Securities Co Ltd 13 2.341 2,050 17 12 2.309 0.032 Mizuho Financial 14 2.246 2,479 30 9 3.116 -0.870 Huatai Securities Co Ltd 14 1.505 1,319 9 53 0.379 1.126 Deutsche Bank 15 1.912 2,110 16 13 2.144 -0.232 HSBC 15 1.460 1,279 9 27 0.951 0.509 Huatai Securities Co Ltd 16 1.480 1,633 10 58 0.329 1.151 China Securities Co Ltd 16 1.310 1,147 8 16 1.740 -0.430 HSBC 17 1.428 1,576 12 29 0.826 0.602 Daishin Securities 17 1.309 1,147 7 143 0.055 1.254 Haitong Securities Co Ltd 18 1.362 1,502 16 15 1.750 -0.388 Deutsche Bank 18 1.301 1,140 12 10 2.398 -1.097 Guotai Junan Securities 19 1.222 1,349 13 20 1.356 -0.134 Guotai Junan Securities 19 1.089 954 12 20 1.561 -0.472 China Merchants Securities 20 1.211 1,336 9 18 1.495 -0.284 Haitong Securities Co Ltd 20 0.977 856 12 14 2.014 -1.037 TOTAL 100% 110,348 1,035 100% TOTAL 100% 87,606 942 100%

APAC Equity Linked APAC ex-Japan Equity, Equity Linked & Rights H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Goldman Sachs 1 15.376 3,497 6 2 10.664 4.712 Goldman Sachs 1 9.234 9,724 31 1 6.112 3.122 China Securities Co Ltd 2 8.940 2,033 7 18 1.096 7.844 Citi 2 9.196 9,684 48 3 5.343 3.853 Credit Suisse 3 7.207 1,639 8 - - 7.207 Morgan Stanley 3 8.500 8,951 29 2 5.757 2.743 Deutsche Bank 4 4.268 971 4 24 0.454 3.814 China International Capital Corp 4 5.834 6,143 14 8 2.957 2.877 Nomura 5 4.213 958 8 5 8.425 -4.212 Bank of America Merrill Lynch 5 5.110 5,382 11 7 2.995 2.115 CITIC Securities Co Ltd 6 4.193 953 2 1 12.000 -7.807 UBS 6 4.616 4,861 28 4 4.563 0.053 Citi 7 3.823 869 4 15 1.586 2.237 Credit Suisse 7 4.223 4,447 32 14 1.713 2.510 JP Morgan 8 3.778 859 3 9 4.007 -0.229 China Securities Co Ltd 8 3.623 3,815 16 13 1.893 1.730 China International Capital Corp 9 3.454 786 3 4 8.960 -5.506 JP Morgan 9 3.516 3,702 23 12 1.986 1.530 Bank of China 10 3.206 729 2 14 2.085 1.121 CITIC Securities Co Ltd 10 2.853 3,004 19 5 4.089 -1.236 Haitong Securities Co Ltd 11 2.843 647 4 - - 2.843 Deutsche Bank 11 2.438 2,567 17 11 2.094 0.344 BNP Paribas 12 2.826 643 2 - - 2.826 Haitong Securities Co Ltd 12 1.703 1,794 17 9 2.545 -0.842 Sumitomo Mitsui Financial 13 2.332 530 3 26 0.240 2.092 Guotai Junan Securities 13 1.558 1,640 14 17 1.558 0.000 China Merchants Securities 14 2.238 509 2 - - 2.238 Huatai Securities Co Ltd 14 1.551 1,633 10 60 0.377 1.174 Daiwa Securities 15 2.220 505 3 21 0.800 1.420 HSBC 15 1.496 1,576 12 21 1.247 0.249 Morgan Stanley 16 2.006 456 4 2 10.664 -8.658 China Merchants Securities 16 1.269 1,336 9 15 1.708 -0.439 China Galaxy Financial Holdings Co Ltd 17 1.994 453 1 - - 1.994 Daishin Securities 17 1.089 1,147 7 156 0.054 1.035 Bank of America Merrill Lynch 18 1.967 447 2 - - 1.967 Kotak Mahindra Bank Ltd 18 1.072 1,129 10 36 0.680 0.392 UBS 18 1.967 447 2 6 8.188 -6.221 Guosen Securities Co Ltd 19 1.050 1,106 2 16 1.598 -0.548 Fubon Securities Co 20 1.955 445 9 10 3.168 -1.213 State Bank of India 20 1.016 1,070 10 34 0.702 0.314 TOTAL 100% 22,741 93 100% TOTAL 100% 105,306 981 100%

Bloomberg League Table Reports Page 6 Bloomberg Preliminary APAC Capital Markets | H1 2018

APAC ex-Japan Equity, EQL & Rights ex-CH A Shrs APAC ex-Japan Equity & Equity Linked H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Citi 1 11.844 9,550 47 3 6.851 4.993 Citi 1 10.341 9,684 48 3 5.445 4.896 Morgan Stanley 2 11.100 8,951 29 2 6.877 4.223 Goldman Sachs 2 10.126 9,482 30 1 6.447 3.679 Goldman Sachs 3 10.080 8,128 23 1 7.476 2.604 Morgan Stanley 3 8.501 7,961 28 2 6.360 2.141 Bank of America Merrill Lynch 4 6.674 5,382 11 5 4.378 2.296 China International Capital Corp 4 6.560 6,143 14 6 3.267 3.293 UBS 5 5.944 4,793 27 4 5.213 0.731 Bank of America Merrill Lynch 5 5.747 5,382 11 5 3.309 2.438 Credit Suisse 6 5.514 4,447 32 8 2.503 3.011 Credit Suisse 6 4.426 4,145 31 19 1.517 2.909 JP Morgan 7 4.591 3,702 23 7 2.708 1.883 UBS 7 3.722 3,486 24 7 3.096 0.626 Deutsche Bank 8 2.931 2,364 15 9 2.380 0.551 China Securities Co Ltd 8 3.397 3,181 15 11 2.091 1.306 HSBC 9 1.954 1,576 12 12 1.823 0.131 JP Morgan 9 3.388 3,173 20 12 2.042 1.346 Haitong Securities Co Ltd 10 1.732 1,397 12 13 1.696 0.036 CITIC Securities Co Ltd 10 3.208 3,004 19 4 4.518 -1.310 CITIC Securities Co Ltd 11 1.618 1,305 11 16 1.368 0.250 Deutsche Bank 11 2.128 1,993 14 9 2.314 -0.186 Daishin Securities 12 1.422 1,147 7 122 0.080 1.342 Huatai Securities Co Ltd 12 1.744 1,633 10 55 0.416 1.328 Kotak Mahindra Bank Ltd 13 1.400 1,129 10 28 0.994 0.406 HSBC 13 1.682 1,576 12 25 1.044 0.638 State Bank of India 14 1.327 1,070 10 25 1.027 0.300 Haitong Securities Co Ltd 14 1.604 1,502 16 10 2.211 -0.607 Axis Bank Ltd 15 1.301 1,049 10 40 0.754 0.547 Guotai Junan Securities 15 1.440 1,349 13 16 1.713 -0.273 ICICI 16 1.193 962 10 10 2.109 -0.916 China Merchants Securities 16 1.427 1,336 9 14 1.887 -0.460 Macquarie 17 1.160 935 9 6 3.372 -2.212 Daishin Securities 17 1.225 1,147 7 147 0.060 1.165 BNP Paribas 18 1.144 922 6 37 0.779 0.365 Bank of China 18 0.943 883 5 24 1.113 -0.170 Bangkok Bank PCL 19 1.055 851 9 24 1.105 -0.050 BNP Paribas 19 0.916 858 5 59 0.350 0.566 China Merchants Bank 20 0.882 711 7 31 0.920 -0.038 China Merchants Bank 20 0.760 711 7 38 0.695 0.065 TOTAL 100% 80,635 887 100% TOTAL 100% 93,641 911 100%

APAC ex-Japan Equity Offerings APAC ex-Japan Equity Linked H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Citi 1 12.045 8,814 44 3 5.889 6.156 Goldman Sachs 1 16.048 3,347 5 4 9.181 6.867 Morgan Stanley 2 10.442 7,642 26 2 5.975 4.467 China Securities Co Ltd 2 9.749 2,033 7 15 1.512 8.237 Goldman Sachs 3 8.383 6,135 25 1 6.074 2.309 Credit Suisse 3 7.859 1,639 8 - - 7.859 China International Capital Corp 4 7.321 5,358 11 13 2.029 5.292 Deutsche Bank 4 4.654 971 4 20 0.626 4.028 Bank of America Merrill Lynch 5 6.743 4,934 9 4 3.760 2.983 CITIC Securities Co Ltd 5 4.572 953 2 1 16.551 -11.979 UBS 6 4.152 3,038 22 15 1.980 2.172 Citi 6 4.169 869 4 12 2.188 1.981 Credit Suisse 7 3.424 2,506 23 19 1.724 1.700 JP Morgan 7 4.120 859 3 - - 4.120 JP Morgan 8 3.161 2,313 17 9 2.320 0.841 China International Capital Corp 8 3.766 786 3 2 12.357 -8.591 CITIC Securities Co Ltd 9 2.802 2,050 17 6 2.879 -0.077 Bank of China 9 3.496 729 2 11 2.875 0.621 Huatai Securities Co Ltd 10 1.802 1,319 9 50 0.473 1.329 Haitong Securities Co Ltd 10 3.100 647 4 - - 3.100 HSBC 11 1.748 1,279 9 23 1.186 0.562 BNP Paribas 11 3.081 643 2 - - 3.081 China Securities Co Ltd 12 1.568 1,147 8 11 2.170 -0.602 China Merchants Securities 12 2.440 509 2 - - 2.440 Daishin Securities 13 1.567 1,147 7 140 0.068 1.499 China Galaxy Financial Holdings Co Ltd 13 2.175 453 1 - - 2.175 Deutsche Bank 14 1.397 1,022 10 7 2.543 -1.146 Bank of America Merrill Lynch 14 2.145 447 2 - - 2.145 Guotai Junan Securities 15 1.304 954 12 16 1.946 -0.642 UBS 14 2.145 447 2 3 11.292 -9.147 Haitong Securities Co Ltd 16 1.170 856 12 8 2.512 -1.342 Fubon Securities Co 16 2.132 445 9 7 4.369 -2.237 China Merchants Securities 17 1.130 827 7 12 2.145 -1.015 Changjiang Securities Co Ltd 17 1.893 395 1 - - 1.893 China Merchants Bank 18 0.972 711 7 35 0.790 0.182 Guotai Junan Securities 17 1.893 395 1 - - 1.893 State Bank of India 19 0.931 681 9 48 0.583 0.348 Minsheng Securities Co Ltd 19 1.829 382 1 - - 1.829 Guosen Securities Co Ltd 20 0.915 670 1 14 2.006 -1.091 Zhongtai Securities Co Ltd 20 1.664 347 1 - - 1.664 TOTAL 100% 73,180 830 100% TOTAL 100% 20,855 81 100%

Bloomberg League Table Reports Page 7 Bloomberg Preliminary APAC Capital Markets | H1 2018

Asia ex-Japan Equity, Equity Linked & Rights Asia ex-Japan Equity, EQL & Rights ex-CH A Shares H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Goldman Sachs 1 9.839 9,563 29 2 6.170 3.669 Citi 1 12.365 8,968 41 3 7.417 4.948 Citi 2 9.364 9,101 42 3 5.590 3.774 Goldman Sachs 2 10.987 7,968 21 2 7.738 3.249 Morgan Stanley 3 8.173 7,943 27 1 6.237 1.936 Morgan Stanley 3 10.953 7,943 27 1 7.748 3.205 China International Capital Corp 4 6.321 6,143 14 7 3.204 3.117 Bank of America Merrill Lynch 4 7.421 5,382 11 4 4.932 2.489 Bank of America Merrill Lynch 5 5.537 5,382 11 6 3.245 2.292 Credit Suisse 5 5.894 4,274 30 7 2.460 3.434 Credit Suisse 6 4.398 4,274 30 16 1.618 2.780 JP Morgan 6 4.214 3,056 18 5 3.051 1.163 China Securities Co Ltd 7 3.926 3,815 16 12 2.050 1.876 UBS 7 3.978 2,885 19 6 2.899 1.079 JP Morgan 8 3.145 3,056 18 10 2.152 0.993 Deutsche Bank 8 2.609 1,892 13 8 2.406 0.203 CITIC Securities Co Ltd 9 3.091 3,004 19 4 4.430 -1.339 HSBC 9 2.172 1,576 12 11 2.053 0.119 UBS 10 3.038 2,953 20 8 2.986 0.052 Haitong Securities Co Ltd 10 1.926 1,397 12 12 1.911 0.015 Deutsche Bank 11 2.156 2,096 15 11 2.087 0.069 CITIC Securities Co Ltd 11 1.799 1,305 11 15 1.541 0.258 Haitong Securities Co Ltd 12 1.846 1,794 17 9 2.757 -0.911 Daishin Securities 12 1.582 1,147 7 109 0.090 1.492 Guotai Junan Securities 13 1.688 1,640 14 15 1.688 0.000 Kotak Mahindra Bank Ltd 13 1.556 1,129 10 27 1.120 0.436 Huatai Securities Co Ltd 14 1.680 1,633 10 59 0.408 1.272 State Bank of India 14 1.476 1,070 10 24 1.157 0.319 HSBC 15 1.621 1,576 12 20 1.351 0.270 Axis Bank Ltd 15 1.447 1,049 10 39 0.850 0.597 China Merchants Securities 16 1.375 1,336 9 13 1.851 -0.476 ICICI 16 1.326 962 10 9 2.376 -1.050 Daishin Securities 17 1.180 1,147 7 143 0.059 1.121 BNP Paribas 17 1.272 922 6 36 0.878 0.394 Kotak Mahindra Bank Ltd 18 1.161 1,129 10 35 0.737 0.424 Bangkok Bank PCL 18 1.173 851 9 23 1.245 -0.072 Guosen Securities Co Ltd 19 1.138 1,106 2 14 1.731 -0.593 China Merchants Bank 19 0.981 711 7 30 1.037 -0.056 State Bank of India 20 1.101 1,070 10 33 0.761 0.340 Maybank 20 0.948 688 9 35 0.899 0.049 TOTAL 100% 97,192 732 100% TOTAL 100% 72,522 638 100%

Asia ex-Japan Equity & Equity Linked ASEAN Equity, Equity Linked & Rights H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Goldman Sachs 1 10.466 9,321 28 2 6.337 4.129 Credit Suisse 1 10.087 1,400 11 7 4.331 5.756 Citi 2 10.218 9,101 42 3 5.549 4.669 Morgan Stanley 2 7.921 1,100 6 24 1.119 6.802 Morgan Stanley 3 8.919 7,943 27 1 6.732 2.187 Deutsche Bank 3 7.042 978 5 25 1.010 6.032 China International Capital Corp 4 6.897 6,143 14 6 3.459 3.438 Bangkok Bank PCL 4 6.127 851 9 2 7.589 -1.462 Bank of America Merrill Lynch 5 6.042 5,382 11 5 3.503 2.539 Goldman Sachs 5 5.884 817 2 13 2.776 3.108 Credit Suisse 6 4.460 3,973 29 19 1.423 3.037 Citi 6 5.538 769 10 8 4.158 1.380 China Securities Co Ltd 7 3.571 3,181 15 11 2.213 1.358 Maybank 7 4.954 688 9 6 5.483 -0.529 CITIC Securities Co Ltd 8 3.373 3,004 19 4 4.782 -1.409 Siam Commercial Bank PCL 8 4.446 617 4 4 5.805 -1.359 JP Morgan 9 3.160 2,814 17 12 2.162 0.998 DBS Group 9 4.129 573 11 5 5.671 -1.542 UBS 10 2.998 2,670 19 8 2.900 0.098 HSBC 10 4.106 570 5 11 3.035 1.071 Deutsche Bank 11 1.929 1,718 13 10 2.253 -0.324 Bank of Philippine Islands 11 4.006 556 3 45 0.351 3.655 Huatai Securities Co Ltd 12 1.833 1,633 10 54 0.440 1.393 Viet Capital Securities JSC 12 3.540 492 2 36 0.574 2.966 HSBC 13 1.769 1,576 12 24 1.105 0.664 JP Morgan 13 3.287 456 3 17 1.956 1.331 Haitong Securities Co Ltd 14 1.687 1,502 16 9 2.340 -0.653 UBS 14 3.132 435 2 1 8.913 -5.781 Guotai Junan Securities 15 1.514 1,349 13 15 1.813 -0.299 First Metro Investment Corp 15 2.233 310 2 27 0.969 1.264 China Merchants Securities 16 1.500 1,336 9 13 1.998 -0.498 Krung Thai Bank 16 2.173 302 1 26 0.998 1.175 Daishin Securities 17 1.288 1,147 7 135 0.064 1.224 Bank of America Merrill Lynch 17 2.080 289 3 - - 2.080 Bank of China 18 0.992 883 5 23 1.178 -0.186 Phatra Securities PCL 18 1.824 253 2 33 0.637 1.187 BNP Paribas 19 0.963 858 5 58 0.370 0.593 Saigon Securities Inc 19 1.438 200 1 - - 1.438 China Merchants Bank 20 0.799 711 7 37 0.736 0.063 CIMB 20 1.423 198 4 3 6.082 -4.659 TOTAL 100% 89,064 697 100% TOTAL 100% 13,882 156 100%

Bloomberg League Table Reports Page 8 Bloomberg Preliminary APAC Capital Markets | H1 2018

APAC ex-Japan Loans (Mandated Lead Arranger): Asia Pacific Syndicated Loans Industry Breakdown

13%

9% APAC ex-Japan Loans (Mandated Lead Arranger) 37%

H1 2018 H1 2017 12% Mkt Volume (USD Deal Prev Prev Mkt Mkt Share 13% Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) 15% Bank of China 1 14.187 30,596 194 1 13.144 1.043 HSBC 2 4.056 8,748 73 3 4.134 -0.078 Financials 37% ANZ Banking Group 3 3.726 8,036 66 4 3.730 -0.004 Consumer Discretionary 15% Mitsubishi UFJ Financial Group 4 3.423 7,382 67 8 2.611 0.812 Industrials 13% Inc Energy 12% KB Financial Group Inc 5 3.239 6,986 19 15 1.972 1.267 Materials 9% DBS Group 6 3.237 6,980 65 5 2.963 0.274 Others 13% Oversea-Chinese Banking Corp 7 2.607 5,622 41 9 2.380 0.227 Sumitomo Mitsui Financial 8 2.544 5,486 48 11 2.346 0.198 Standard Chartered Bank 9 2.534 5,464 51 7 2.689 -0.155 APAC ex-Japan Loans: Mandated Lead Arranger China Development Bank 10 2.470 5,328 5 37 0.667 1.803 Rankings History China Citic Bank 11 2.380 5,133 8 31 0.816 1.564 Mizuho Financial 12 2.336 5,038 43 14 2.014 0.322 2018 2017 2016 20 China Construction Bank 13 2.315 4,992 36 6 2.701 -0.386 Industrial & Comm Bank of 14 2.214 4,775 37 12 2.257 -0.043 15 ) %

China (

e r a United Overseas Bank 15 2.170 4,680 31 18 1.849 0.321 h

S 10

t e k r

National Australia Bank Ltd 16 1.676 3,614 36 25 1.265 0.411 a M Commonwealth Bank Australia 17 1.610 3,473 38 16 1.866 -0.256 5 BNP Paribas 18 1.528 3,296 37 22 1.555 -0.027 0 a p c c p Westpac Banking 19 1.422 3,066 31 23 1.487 -0.065 n C u n n u i B o I I o h S r p p r C H G u u G f g o o o n r r S Agricultural Bank of China 20 1.403 3,025 14 19 1.712 -0.309 k i G G B n k l l D a n ia ia B a c c B n n Z a a TOTAL 100% 215,657 594 100% N in in A F F J F B U K i h is b u s This table consists of loans with a market of syndication in the APAC ex-Japan region. This excludes bilateral loans. There is a minimum threshold it M of 3 months for maturities. Please see League Table Standards and Guidelines for further details.

Bloomberg League Table Reports Page 9 Bloomberg Preliminary APAC Capital Markets | H1 2018

APAC ex-Japan Loans (Bookrunner) APAC ex-Japan Loans (Mandated Lead Arranger) H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of China 1 16.680 27,523 145 1 14.915 1.765 Bank of China 1 14.187 30,596 194 1 13.144 1.043 ANZ Banking Group 2 5.139 8,480 46 3 4.274 0.865 HSBC 2 4.056 8,748 73 3 4.134 -0.078 HSBC 3 4.674 7,712 37 4 3.863 0.811 ANZ Banking Group 3 3.726 8,036 66 4 3.730 -0.004 KB Financial Group Inc 4 4.209 6,945 16 6 3.329 0.880 Mitsubishi UFJ Financial Group Inc 4 3.423 7,382 67 8 2.611 0.812 Standard Chartered Bank 5 3.846 6,346 37 5 3.567 0.279 KB Financial Group Inc 5 3.239 6,986 19 15 1.972 1.267 China Citic Bank 6 2.931 4,836 5 64 0.239 2.692 DBS Group 6 3.237 6,980 65 5 2.963 0.274 Mizuho Financial 7 2.863 4,725 21 25 1.146 1.717 Oversea-Chinese Banking Corp 7 2.607 5,622 41 9 2.380 0.227 Mitsubishi UFJ Financial Group Inc 8 2.514 4,148 29 12 1.975 0.539 Sumitomo Mitsui Financial 8 2.544 5,486 48 11 2.346 0.198 China Development Bank 9 2.361 3,896 1 83 0.150 2.211 Standard Chartered Bank 9 2.534 5,464 51 7 2.689 -0.155 DBS Group 10 2.354 3,884 31 14 1.916 0.438 China Development Bank 10 2.470 5,328 5 37 0.667 1.803 United Overseas Bank 11 2.269 3,744 11 43 0.527 1.742 China Citic Bank 11 2.380 5,133 8 31 0.816 1.564 Mega Financial Holding Co Ltd 12 2.058 3,395 21 33 0.779 1.279 Mizuho Financial 12 2.336 5,038 43 14 2.014 0.322 National Australia Bank Ltd 13 2.041 3,367 19 18 1.629 0.412 China Construction Bank 13 2.315 4,992 36 6 2.701 -0.386 BNP Paribas 14 2.021 3,335 24 19 1.594 0.427 Industrial & Comm Bank of China 14 2.214 4,775 37 12 2.257 -0.043 Industrial & Comm Bank of China 15 1.871 3,087 10 8 2.808 -0.937 United Overseas Bank 15 2.170 4,680 31 18 1.849 0.321 Sumitomo Mitsui Financial 16 1.631 2,691 20 27 1.035 0.596 National Australia Bank Ltd 16 1.676 3,614 36 25 1.265 0.411 Shinhan Financial Group Co Ltd 17 1.600 2,641 24 59 0.347 1.253 Commonwealth Bank Australia 17 1.610 3,473 38 16 1.866 -0.256 Westpac Banking 18 1.454 2,399 17 21 1.386 0.068 BNP Paribas 18 1.528 3,296 37 22 1.555 -0.027 Agricultural Bank of China 19 1.443 2,381 5 13 1.925 -0.482 Westpac Banking 19 1.422 3,066 31 23 1.487 -0.065 Commonwealth Bank Australia 20 1.431 2,362 20 9 2.296 -0.865 Agricultural Bank of China 20 1.403 3,025 14 19 1.712 -0.309 TOTAL 100% 165,005 472 100% TOTAL 100% 215,657 594 100%

APAC ex-Japan G3 Currency Loans (Bookrunner) APAC ex-Japan G3 Currency Loans (Mandated Lead Arranger) H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Standard Chartered Bank 1 7.188 4,016 25 2 6.546 0.642 Mitsubishi UFJ Financial Group Inc 1 6.385 4,474 41 5 3.810 2.575 HSBC 2 7.050 3,939 18 1 6.869 0.181 Bank of China 2 4.682 3,280 32 1 5.775 -1.093 Mizuho Financial 3 5.584 3,120 13 14 1.873 3.711 DBS Group 3 4.633 3,246 26 6 3.681 0.952 Mitsubishi UFJ Financial Group Inc 4 5.200 2,905 22 8 3.626 1.574 HSBC 4 4.323 3,029 31 2 5.311 -0.988 ANZ Banking Group 5 4.774 2,667 20 5 4.636 0.138 Standard Chartered Bank 5 4.262 2,987 33 4 4.244 0.018 United Overseas Bank 6 4.239 2,368 5 32 1.149 3.090 Mizuho Financial 6 3.977 2,786 24 7 3.547 0.430 BNP Paribas 7 4.175 2,333 14 9 3.554 0.621 China Construction Bank 7 3.495 2,449 15 8 3.373 0.122 Mega Financial Holding Co Ltd 8 3.535 1,975 11 19 1.540 1.995 ANZ Banking Group 8 3.288 2,304 27 3 4.380 -1.092 DBS Group 9 3.006 1,680 14 6 4.585 -1.579 Sumitomo Mitsui Financial 9 3.156 2,212 20 9 3.140 0.016 Bank of China 10 2.547 1,423 11 3 5.775 -3.228 Oversea-Chinese Banking Corp 10 2.897 2,030 16 12 2.566 0.331 Sumitomo Mitsui Financial 11 2.495 1,394 13 15 1.668 0.827 Industrial & Comm Bank of China 11 2.836 1,987 19 18 1.864 0.972 Deutsche Bank 12 2.417 1,350 4 34 1.127 1.290 BNP Paribas 12 2.620 1,836 21 10 3.053 -0.433 Citi 13 2.246 1,255 7 7 3.668 -1.422 ING Groep 13 2.092 1,466 16 16 2.009 0.083 Industrial & Comm Bank of China 14 2.228 1,245 6 26 1.275 0.953 Societe Generale 14 2.048 1,435 13 25 1.245 0.803 ING Groep 15 2.148 1,200 10 12 2.100 0.048 China Merchants Bank 15 2.035 1,426 9 15 2.273 -0.238 Fubon Financial Holding Co Ltd 16 2.033 1,136 11 17 1.597 0.436 United Overseas Bank 16 1.972 1,382 8 20 1.444 0.528 National Australia Bank Ltd 17 1.957 1,094 5 22 1.396 0.561 Mega Financial Holding Co Ltd 17 1.888 1,323 15 21 1.376 0.512 First Abu Dhabi Bank PJSC 18 1.951 1,090 7 28 1.228 0.723 Natixis 18 1.862 1,305 9 46 0.563 1.299 Credit Agricole CIB 19 1.608 898 5 11 2.153 -0.545 China Minsheng Banking Corp Ltd 19 1.688 1,183 7 36 0.849 0.839 Bank of Taiwan 20 1.493 834 6 43 0.607 0.886 State Bank of India 20 1.610 1,128 11 23 1.289 0.321 TOTAL 100% 55,873 121 100% TOTAL 100% 70,068 154 100%

Bloomberg League Table Reports Page 10 Bloomberg Preliminary APAC Capital Markets | H1 2018

APAC ex-Japan Leveraged Loans (Bookrunner) APAC ex-Japan Leveraged Loans (Mandated Lead Arranger) H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) KB Financial Group Inc 1 12.764 1,063 4 - - 12.764 KB Financial Group Inc 1 8.501 1,063 4 - - 8.501 NH Investment & Securities Co Ltd 2 8.286 690 4 11 3.082 5.204 China Construction Bank 2 7.839 980 3 - - 7.839 Goldman Sachs 3 7.670 639 3 9 4.056 3.614 Industrial & Comm Bank of China 2 7.839 980 3 - - 7.839 ANZ Banking Group 4 7.455 621 4 17 2.307 5.148 China Minsheng Banking Corp Ltd 4 7.062 883 3 32 0.653 6.409 Mirae Asset Daewoo Co Ltd 5 6.397 533 2 2 10.262 -3.865 China Merchants Bank 5 6.756 845 2 2 12.101 -5.345 Standard Chartered Bank 6 4.812 401 2 8 4.281 0.531 NH Investment & Securities Co Ltd 6 5.518 690 4 13 2.195 3.323 Credit Agricole CIB 7 4.637 386 3 - - 4.637 Goldman Sachs 7 5.289 661 4 15 2.167 3.122 Shinhan Financial Group Co Ltd 8 4.451 371 3 - - 4.451 Mirae Asset Daewoo Co Ltd 8 4.422 553 3 4 6.031 -1.609 Bank of China 9 4.227 352 1 - - 4.227 ANZ Banking Group 9 3.233 404 4 10 2.712 0.521 Industrial & Comm Bank of China 9 4.227 352 1 - - 4.227 Shinhan Financial Group Co Ltd 10 3.162 396 4 - - 3.162 United Overseas Bank 9 4.227 352 1 - - 4.227 KB Securities Co Ltd 11 3.106 388 2 27 0.993 2.113 ING Groep 12 4.162 347 3 - - 4.162 Samsung Securities Co Ltd 12 2.305 288 1 13 2.195 0.110 Samsung Securities Co Ltd 13 3.461 288 1 11 3.082 0.379 Hana Financial Group Inc 13 2.230 279 3 6 3.388 -1.158 KB Securities Co Ltd 14 2.935 245 1 29 0.451 2.484 Korea Investment & Securities Co 14 2.052 257 2 - - 2.052 Korea Investment & Securities Co 14 2.935 245 1 - - 2.935 Woori Bank 14 2.052 257 2 5 3.836 -1.784 Woori Bank 14 2.935 245 1 3 7.180 -4.245 HSBC 16 1.987 249 3 29 0.934 1.053 BNP Paribas 17 2.535 211 1 - - 2.535 Bank of China 17 1.674 209 3 2 12.101 -10.427 HSBC 18 2.102 175 2 22 1.749 0.353 Credit Agricole CIB 18 1.365 171 3 - - 1.365 Hana Financial Group Inc 19 1.338 111 1 - - 1.338 CTBC Financial Holding Co Ltd 19 1.343 168 2 1 15.467 -14.124 Hanwha Life Insurance Co Ltd 19 1.338 111 1 - - 1.338 Standard Chartered Bank 19 1.343 168 2 36 0.572 0.771 TOTAL 100% 8,329 21 100% TOTAL 100% 12,506 31 100%

APAC Project Finance Loans (Bookrunner) APAC Project Finance Loans (Mandated Lead Arranger) H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) KB Financial Group Inc 1 14.589 4,772 3 4 5.131 9.458 China Development Bank 1 11.315 5,246 3 18 1.189 10.126 China Development Bank 2 11.909 3,896 1 - - 11.909 KB Financial Group Inc 2 10.334 4,791 4 4 3.504 6.830 Bank of China 3 11.683 3,822 10 1 25.084 -13.401 Bank of China 3 8.645 4,008 17 1 21.407 -12.762 Mizuho Financial 4 8.094 2,648 3 9 2.493 5.601 Mitsubishi UFJ Financial Group Inc 4 6.154 2,853 19 11 2.769 3.385 HSBC 5 6.796 2,223 3 - - 6.796 Mizuho Financial 5 5.141 2,383 13 3 4.418 0.723 Agricultural Bank of China 6 6.410 2,097 1 7 4.548 1.862 Sumitomo Mitsui Financial 6 4.881 2,263 18 9 2.805 2.076 Standard Chartered Bank 7 6.114 2,000 2 - - 6.114 Agricultural Bank of China 7 4.818 2,234 3 7 3.030 1.788 United Overseas Bank 7 6.114 2,000 2 - - 6.114 HSBC 8 4.003 1,856 9 20 1.143 2.860 Bank Mandiri 9 2.406 787 2 - - 2.406 Oversea-Chinese Banking Corp 9 3.219 1,493 4 40 0.459 2.760 ANZ Banking Group 10 2.285 748 2 18 1.113 1.172 DBS Group 10 3.133 1,453 6 35 0.562 2.571 Axis Bank Ltd 11 2.215 725 4 5 4.852 -2.637 United Overseas Bank 11 3.127 1,450 4 74 0.070 3.057 Yes Bank 12 2.012 658 5 12 1.563 0.449 Standard Chartered Bank 12 2.247 1,042 3 38 0.512 1.735 Mitsubishi UFJ Financial Group Inc 13 1.982 648 3 26 0.551 1.431 ANZ Banking Group 13 1.636 758 7 16 1.631 0.005 Credit Agricole CIB 14 1.980 648 1 21 0.918 1.062 L&T Financial Services 14 1.621 752 11 26 0.952 0.669 Westpac Banking 14 1.980 648 1 15 1.281 0.699 Axis Bank Ltd 15 1.563 725 4 5 3.313 -1.750 National Australia Bank Ltd 16 1.965 643 3 32 0.448 1.517 Commonwealth Bank Australia 16 1.520 705 10 17 1.313 0.207 L&T Financial Services 17 1.747 571 8 14 1.394 0.353 Westpac Banking 17 1.494 693 9 15 1.689 -0.195 Mega Financial Holding Co Ltd 18 1.318 431 1 49 0.043 1.275 Societe Generale 18 1.491 691 9 27 0.892 0.599 ING Groep 19 1.072 351 2 32 0.448 0.624 Yes Bank 19 1.420 658 5 25 0.987 0.433 Bank of America Merrill Lynch 20 1.013 331 1 - - 1.013 National Australia Bank Ltd 20 1.358 629 9 28 0.854 0.504 Industrial & Comm Bank of China 20 1.013 331 1 3 7.292 -6.279 TOTAL 100% 46,361 88 100% TOTAL 100% 32,711 54 100%

Bloomberg League Table Reports Page 11 Bloomberg Preliminary APAC Capital Markets | H1 2018

Asia ex-Japan Loans (Bookrunner) Asia ex-Japan Loans (Mandated Lead Arranger) H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of China 1 19.478 26,417 141 1 16.435 3.043 Bank of China 1 16.148 28,174 177 1 14.671 1.477 KB Financial Group Inc 2 5.121 6,945 16 4 3.837 1.284 KB Financial Group Inc 2 4.004 6,986 19 11 2.328 1.676 Standard Chartered Bank 3 4.673 6,338 37 3 3.976 0.697 DBS Group 3 3.662 6,389 59 4 3.252 0.410 HSBC 4 3.810 5,168 23 5 3.322 0.488 HSBC 4 3.609 6,297 56 3 4.093 -0.484 China Citic Bank 5 3.566 4,836 5 63 0.276 3.290 Mitsubishi UFJ Financial Group Inc 5 3.222 5,621 48 7 2.629 0.593 China Development Bank 6 2.872 3,896 1 80 0.173 2.699 Oversea-Chinese Banking Corp 6 3.192 5,569 40 8 2.625 0.567 DBS Group 7 2.708 3,673 30 13 2.032 0.676 Standard Chartered Bank 7 3.064 5,346 50 5 2.976 0.088 Mega Financial Holding Co Ltd 8 2.503 3,395 21 28 0.898 1.605 China Development Bank 8 3.054 5,328 5 33 0.787 2.267 United Overseas Bank 9 2.410 3,268 8 48 0.497 1.913 China Citic Bank 9 2.942 5,133 8 26 0.964 1.978 Mitsubishi UFJ Financial Group Inc 10 2.392 3,244 22 11 2.078 0.314 China Construction Bank 10 2.550 4,449 32 12 2.266 0.284 Mizuho Financial 11 2.346 3,182 12 25 0.968 1.378 Sumitomo Mitsui Financial 11 2.514 4,387 33 15 2.049 0.465 Shinhan Financial Group Co Ltd 12 1.947 2,641 24 51 0.400 1.547 Industrial & Comm Bank of China 12 2.375 4,144 32 9 2.467 -0.092 Sumitomo Mitsui Financial 13 1.772 2,403 17 27 0.898 0.874 United Overseas Bank 13 2.178 3,799 24 14 2.102 0.076 Industrial & Comm Bank of China 14 1.760 2,387 9 7 3.060 -1.300 Mizuho Financial 14 1.899 3,314 26 17 1.922 -0.023 Agricultural Bank of China 15 1.755 2,381 5 12 2.042 -0.287 Agricultural Bank of China 15 1.714 2,990 12 19 1.739 -0.025 Oversea-Chinese Banking Corp 16 1.650 2,237 16 30 0.804 0.846 Shinhan Financial Group Co Ltd 16 1.600 2,791 22 61 0.323 1.277 BNP Paribas 17 1.647 2,234 19 18 1.454 0.193 Mega Financial Holding Co Ltd 17 1.453 2,535 27 30 0.850 0.603 Maybank 18 1.442 1,956 13 15 1.966 -0.524 BNP Paribas 18 1.333 2,325 29 20 1.545 -0.212 Bank of Taiwan 19 1.369 1,856 17 22 1.026 0.343 Maybank 19 1.205 2,103 20 25 1.035 0.170 Fubon Financial Holding Co Ltd 20 1.337 1,813 18 21 1.350 -0.013 China Merchants Bank 20 1.174 2,048 18 18 1.888 -0.714 TOTAL 100% 135,624 408 100% TOTAL 100% 174,473 503 100%

North Asia Loans (Bookrunner) North Asia Loans (Mandated Lead Arranger) H1 2018 H1 2017 H1 2018 H1 2017

Mkt Volume (USD Deal Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Share(%) Mln) Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Bank of China 1 21.688 26,647 163 1 21.446 0.242 Bank of China 1 26.469 26,342 140 1 25.167 1.302 KB Financial Group Inc 2 5.685 6,986 19 4 3.543 2.142 KB Financial Group Inc 2 6.979 6,945 16 2 5.997 0.982 China Development Bank 3 4.336 5,328 5 23 1.198 3.138 China Citic Bank 3 4.860 4,836 5 41 0.431 4.429 China Citic Bank 4 4.178 5,133 8 18 1.466 2.712 China Development Bank 4 3.914 3,896 1 58 0.270 3.644 HSBC 5 3.599 4,422 41 2 4.669 -1.070 Mega Financial Holding Co Ltd 5 3.412 3,395 21 18 1.404 2.008 Industrial & Comm Bank of China 6 3.165 3,889 27 6 3.360 -0.195 HSBC 6 2.913 2,899 18 4 4.109 -1.196 China Construction Bank 7 2.821 3,466 27 7 2.954 -0.133 Shinhan Financial Group Co Ltd 7 2.654 2,641 24 33 0.626 2.028 Agricultural Bank of China 8 2.380 2,925 11 10 2.489 -0.109 Agricultural Bank of China 8 2.392 2,381 5 7 3.192 -0.800 Shinhan Financial Group Co Ltd 9 2.255 2,771 21 47 0.492 1.763 Industrial & Comm Bank of China 9 2.284 2,273 8 3 4.525 -2.241 Mega Financial Holding Co Ltd 10 2.052 2,522 26 22 1.229 0.823 Standard Chartered Bank 10 2.251 2,240 14 9 2.829 -0.578 DBS Group 11 1.950 2,396 28 11 2.465 -0.515 Mitsubishi UFJ Financial Group Inc 11 2.184 2,173 11 17 1.578 0.606 Mitsubishi UFJ Financial Group Inc 12 1.915 2,352 21 15 1.748 0.167 Bank of Taiwan 12 1.865 1,856 17 16 1.603 0.262 Standard Chartered Bank 13 1.693 2,080 19 9 2.596 -0.903 Fubon Financial Holding Co Ltd 13 1.822 1,813 18 12 2.077 -0.255 China Merchants Bank 14 1.666 2,048 18 8 2.826 -1.160 Woori Bank 14 1.551 1,543 7 60 0.253 1.298 Bank of East Asia Ltd 15 1.417 1,742 16 20 1.310 0.107 China Construction Bank 15 1.486 1,479 14 8 3.076 -1.590 Woori Bank 16 1.383 1,699 9 69 0.166 1.217 Bank of America Merrill Lynch 16 1.444 1,437 3 - - 1.444 Bank of Communications 17 1.352 1,661 18 12 2.051 -0.699 BNP Paribas 17 1.444 1,437 9 15 1.665 -0.221 BNP Paribas 18 1.300 1,598 14 16 1.575 -0.275 Taiwan Cooperative Financial Holding Co 18 1.330 1,324 15 19 1.350 -0.020 China Minsheng Banking Corp Ltd 19 1.292 1,587 12 37 0.627 0.665 Ltd Fubon Financial Holding Co Ltd 20 1.220 1,499 21 25 1.157 0.063 ANZ Banking Group 19 1.237 1,231 8 14 1.907 -0.670 TOTAL 100% 122,868 356 100% Industrial Bank of Korea 20 1.125 1,119 1 35 0.539 0.586 TOTAL 100% 99,518 305 100%

Bloomberg League Table Reports Page 12 Bloomberg Preliminary APAC Capital Markets | H1 2018

ASEAN Loans (Bookrunner) ASEAN Loans (Mandated Lead Arranger) H1 2018 H1 2017 H1 2018 H1 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Standard Chartered Bank 1 11.649 3,458 15 3 6.551 5.098 Oversea-Chinese Banking Corp 1 11.210 4,468 31 1 10.119 1.091 United Overseas Bank 2 9.470 2,811 5 13 2.814 6.656 DBS Group 2 9.656 3,849 29 3 7.961 1.695 DBS Group 3 8.693 2,581 17 2 7.575 1.118 Sumitomo Mitsui Financial 3 7.705 3,071 19 5 6.299 1.406 Mizuho Financial 4 7.905 2,347 5 22 1.491 6.414 United Overseas Bank 4 7.177 2,861 12 2 8.009 -0.832 HSBC 5 7.108 2,110 3 12 2.940 4.168 Mitsubishi UFJ Financial Group Inc 5 6.722 2,679 20 4 6.668 0.054 Maybank 6 6.387 1,896 9 1 12.368 -5.981 Standard Chartered Bank 6 6.297 2,510 20 9 3.348 2.949 Oversea-Chinese Banking Corp 7 6.253 1,856 13 8 3.722 2.531 Maybank 7 5.045 2,011 15 6 4.612 0.433 BDO Capital & Investment Corp 8 4.739 1,407 1 25 1.389 3.350 Mizuho Financial 8 4.324 1,723 9 8 3.447 0.877 Sumitomo Mitsui Financial 9 4.660 1,383 10 17 2.291 2.369 Bank of China 9 3.657 1,458 13 11 2.540 1.117 Bank Mandiri 10 3.497 1,038 5 6 3.944 -0.447 HSBC 10 3.640 1,451 10 7 4.451 -0.811 ING Groep 11 3.199 950 8 26 1.333 1.866 CIMB 11 3.581 1,427 12 24 0.986 2.595 CIMB 12 2.973 883 8 10 3.380 -0.407 BDO Capital & Investment Corp 12 3.530 1,407 1 25 0.938 2.592 BNP Paribas 13 2.683 797 10 27 1.264 1.419 China Construction Bank 13 2.465 983 5 16 1.641 0.824 Mitsubishi UFJ Financial Group Inc 14 2.555 759 8 5 4.872 -2.317 Bank Mandiri 14 1.778 709 6 15 1.857 -0.079 First Abu Dhabi Bank PJSC 15 1.451 431 2 31 0.900 0.551 BNP Paribas 15 1.606 640 14 14 1.969 -0.363 ANZ Banking Group 16 1.404 417 6 9 3.383 -1.979 ING Groep 16 1.461 582 11 27 0.829 0.632 CTBC Financial Holding Co Ltd 17 1.318 391 3 19 1.906 -0.588 Bangkok Bank PCL 17 1.302 519 3 39 0.436 0.866 Credit Agricole CIB 18 1.249 371 3 47 0.193 1.056 ANZ Banking Group 18 1.194 476 9 12 2.505 -1.311 Bank Central Asia 19 1.101 327 4 21 1.677 -0.576 Bank Central Asia 19 0.820 327 4 26 0.898 -0.078 Rabobank 20 1.083 322 4 23 1.433 -0.350 Societe Generale 20 0.782 312 6 38 0.450 0.332 TOTAL 100% 29,686 56 100% TOTAL 100% 39,856 82 100%

Bloomberg League Table Reports Page 13 Bloomberg – League Tables Criteria

General Guidelines

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

Fixed Income

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

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

Equities-Linked

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

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

Equities

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

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

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service. Bloomberg – League Tables Criteria

Loans

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

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

US Municipals

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

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

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

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

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

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