Legal Rankings 1H 2019 1H 2019

GLOBAL M&A MARKET REVIEW LEGAL RANKINGS 1H 2019 1H 2019

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, 9. EMEA M&A Regional Review and our Bloomberg Brief newsletter provides summary highlights of weekly M&A activity and top deal trends. 10. EMEA M&A League Tables 14. APAC M&A Regional Review Visit {NI LEAG CRL } to download copies of the final release and a full range of market specific league 15. APAC M&A League Tables table results. On the web, visit: http://www.bloomberg.com/professional/solutions/investment-banking/.

20. 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 +65-6231-3404 [email protected]

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

1 2 Global M&A Regional Review Global M&A: Premium Breakdown 2% 0% • Global merger and acquisition activity reached $1.9 trillion in 1H2019, representing a 10.0% 0-10%

decrease year-over-year. The basic materials sector experienced the most growth during this time 15% 10-25% period with deal activity reaching a high of $150.4 billion, an increase of 65.5% compared to the same period last year. The pending sale of a 70% stake in Saudi Basic Industries Corp by the Public 35% 25-50% Investment Fund to Saudi Arabian Oil Co for $69.1 billion was the largest transaction in the 50-75% industry. 28% • Private equity activity decreased by 1.8% year-on-year to $550.6 billion in transactions. However, 75-100% the United States continued to be the most acquisitive country in 1H2019, accounting for 45.5% 20% 100%+ of the global private equity volume. The acquisition of GLP Pte Ltd's Urban infill logistic assets by Blackstone Group for $18.7 billion was the largest private equity deal in the region. Global M&A: Highlights of 1H 2019 Global M&A: Industry Breakdown Total Value Amount % YoY Summary Date Target Acquirer Seller (Mln.) Industry (Bln.) % of Total Change Number of deals 21,343 United Consumer Non-cyclical $475.2 24.5% -12.6% 6/9/2019 Raytheon Co - $90,016.9 Volume (Bln.) $1,934.3 Technologies Corp Financial $393.1 20.3% -12.2% Avg Deal Size (Mln.) $90.6 Bristol-Myers Industrial $235.0 12.1% 40.8% 1/3/2019 Celgene Corp - $88,848.2 Squibb Co Energy $183.6 9.5% -5.8% Top Adviser Technology $178.5 9.2% 15.1% 6/25/2019 Allergan PLC AbbVie Inc - $83,791.2 Wachtell Lipton Rosen & Katz Basic Materials $150.4 7.7% 64.6% Public Number of deals 32 Saudi Basic Industries Saudi Arabian Oil Communications $147.3 7.6% -49.0% 3/27/2019 Investment $69,082.5 Corp Co Volume (Bln.) $436.7 Fund/The Consumer Cyclical $144.0 7.4% -23.7% Global M&A Review | 1H 2019 Avg Deal Size (Bln.) $13.6 Occidental Utilities $32.5 1.7% -69.6% 5/9/2019 Anadarko Petroleum Corp - $55,150.6 Petroleum Corp Diversified $1.4 0.1% -63.5%

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 $1,137.7 -7.5% -5.7% $1,000 10,000 Cross Border $605.6 -7.3% -36.4% $800 8,000 Private Equity $551.1 -7.3% -1.7% $600 6,000 Asset sale $322.0 -3.2% -8.2% $400 4,000 Tender Offer $92.2 -19.1% -52.3% Venture Capital $97.5 -4.0% -10.9% $200 2,000 Spin-off $11.3 -39.2% -89.7% $0 0 2014 Q2 2015 Q2 2016 Q2 2017 Q2 2018 Q2 2019 Q2 Minority purchase $223.0 -7.4% -17.4% Majority purchase $168.6 -12.6% -1.1% Volume $(Bln.) Deal Count Quarterly Volume represents any involvement (target, seller, or acquirer). 3 Global Announced Deals (By Volume) 01/01/2019 - 06/30/2019 Global Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 22.6 436,707 32 3 12.2 10.4 Kirkland & Ellis LLP 1 17.5 337,659 296 2 7.4 10.1 Kirkland & Ellis LLP 2 17.5 337,659 296 17 7.4 10.1 Orrick Herrington & Sutcliffe LLP 2 0.5 9,586 226 12 0.7 -0.2 Sullivan & Cromwell LLP 3 14.1 272,813 70 5 12.0 2.1 Jones Day 3 7.7 148,593 221 1 5.7 1.9 Davis Polk & Wardwell LLP 4 13.8 266,752 64 1 15.0 -1.2 Latham & Watkins LLP 4 9.0 173,416 170 3 12.0 -3.0 Simpson Thacher & Bartlett LLP 5 12.8 248,316 77 7 10.5 2.4 DLA Piper LLP 5 0.5 8,876 128 7 4.1 -3.7 White & Case LLP 6 12.6 242,958 116 14 7.9 4.6 CMS 6 0.5 8,819 126 9 1.9 -1.4 Cleary Gottlieb Steen & Hamilton LLP 7 12.4 239,103 52 11 9.4 3.0 McGuireWoods LLP 7 0.6 11,652 119 8 0.9 -0.2 Fried Frank Harris Shriver & Jacobson LLP 8 11.3 218,306 31 10 9.4 1.9 White & Case LLP 8 12.6 242,958 116 13 7.9 4.6 Cravath Swaine & Moore LLP 9 10.5 202,568 44 6 10.8 -0.3 Weil Gotshal & Manges LLP 9 10.4 201,818 107 17 8.1 2.4 Weil Gotshal & Manges LLP 10 10.4 201,818 107 13 8.1 2.4 Skadden Arps Slate Meagher & Flom LLP 10 10.2 196,440 97 21 12.9 -2.7 Skadden Arps Slate Meagher & Flom LLP 11 10.2 196,440 97 2 12.9 -2.7 Gowling WLG 11 0.5 8,763 95 27 0.1 0.4 Latham & Watkins LLP 12 9.0 173,416 170 4 12.0 -3.0 Clifford Chance LLP 12 7.5 144,508 91 10 5.6 1.9 Jones Day 13 7.7 148,593 221 21 5.7 1.9 Goodwin Procter LLP 12 1.4 26,485 91 6 5.6 -4.3 Clifford Chance LLP 14 7.5 144,508 91 23 5.6 1.9 Hogan Lovells US LLP 12 0.6 11,995 91 11 7.4 -6.8 Shearman & Sterling LLP 15 7.4 144,007 54 16 7.4 0.1 Allen & Overy LLP 15 1.2 22,435 90 4 4.1 -3.0 Mayer Brown LLP 16 5.7 109,593 48 45 2.3 3.3 Morgan Lewis & Bockius LLP 16 0.4 7,322 83 17 1.9 -1.5 Freshfields Bruckhaus Deringer LLP 17 5.6 108,020 74 8 10.2 -4.6 AZB & Partners 17 1.0 18,559 80 26 2.0 -1.0 Covington & Burling LLP 18 5.5 106,599 27 78 1.0 4.6 Simpson Thacher & Bartlett LLP 18 12.8 248,316 77 24 10.5 2.4 Blake Cassels & Graydon LLP 19 5.5 105,648 44 58 1.5 3.9 Dentons 18 0.3 5,555 77 20 1.2 -0.9 Vinson & Elkins LLP 20 4.9 95,208 49 46 2.2 2.7 Linklaters LLP 20 1.4 27,160 76 14 9.1 -7.7 TOTAL 1,934,300 21,350 2,148,417 TOTAL 1,934,300 21,350 2,148,417

Global Announced Deals- Principals (By Volume) 01/01/2019 - 06/30/2019 Global Announced Deals- Principals (By Deal Count) 01/01/2019 - 06/30/2019 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 29.4 436,707 32 2 15.4 14.0 Kirkland & Ellis LLP 1 22.3 331,201 292 2 7.6 14.7 Kirkland & Ellis LLP 2 22.3 331,201 292 12 7.6 14.7 Orrick Herrington & Sutcliffe LLP 2 0.6 9,586 226 11 0.9 -0.3 Skadden Arps Slate Meagher & Flom LLP 3 12.1 180,405 94 1 16.0 -3.8 Jones Day 3 9.8 146,220 217 1 7.0 2.8 Latham & Watkins LLP 4 11.1 164,621 165 9 9.0 2.1 Latham & Watkins LLP 4 11.1 164,621 165 3 9.0 2.1 Simpson Thacher & Bartlett LLP 5 10.1 149,414 72 11 7.8 2.3 DLA Piper LLP 5 0.6 8,876 128 7 4.6 -4.0 Jones Day 6 9.8 146,220 217 16 7.0 2.8 CMS 6 0.6 8,819 126 9 2.3 -1.8 Clifford Chance LLP 7 9.7 144,508 91 18 6.1 3.6 McGuireWoods LLP 7 0.1 1,284 111 8 1.1 -1.0 Weil Gotshal & Manges LLP 8 8.9 132,833 103 17 6.3 2.7 Weil Gotshal & Manges LLP 8 8.9 132,833 103 18 6.3 2.7 Cleary Gottlieb Steen & Hamilton LLP 9 8.2 122,066 40 13 7.4 0.9 Gowling WLG 9 0.6 8,763 95 25 0.1 0.5 Shearman & Sterling LLP 10 7.8 116,149 45 33 3.8 4.0 Skadden Arps Slate Meagher & Flom LLP 10 12.1 180,405 94 22 16.0 -3.8 Mayer Brown LLP 11 7.4 109,593 48 37 3.0 4.4 White & Case LLP 11 7.0 103,283 93 16 2.8 4.2 Freshfields Bruckhaus Deringer LLP 12 7.1 106,052 73 3 12.8 -5.7 Clifford Chance LLP 12 9.7 144,508 91 10 6.1 3.6 White & Case LLP 13 7.0 103,283 93 38 2.8 4.2 Goodwin Procter LLP 12 1.8 26,485 91 6 7.1 -5.3 Cravath Swaine & Moore LLP 14 6.7 99,836 28 30 4.4 2.3 Hogan Lovells US LLP 14 0.8 11,995 90 11 9.3 -8.5 Vinson & Elkins LLP 15 6.3 94,160 48 39 2.8 3.6 Allen & Overy LLP 15 1.5 22,036 89 4 4.8 -3.4 Blake Cassels & Graydon LLP 16 6.3 93,358 43 51 1.9 4.4 Morgan Lewis & Bockius LLP 16 0.5 6,822 82 17 2.4 -2.0 Sullivan & Cromwell LLP 17 6.3 93,166 48 7 10.0 -3.7 AZB & Partners 17 1.3 18,559 80 24 2.5 -1.3 Yulchon LLC 18 6.2 92,221 16 159 0.1 6.1 Dentons 18 0.4 5,555 77 19 1.5 -1.1 Davies Ward Phillips & Vineberg LLP 19 6.2 91,616 15 66 1.3 4.8 Baker & McKenzie LLP 19 1.0 14,749 76 5 2.6 -1.7 Arthur Cox 20 5.6 83,863 2 293 0.0 5.6 Linklaters LLP 20 1.8 26,162 75 13 10.7 -9.0 TOTAL 1,486,824 5,021 1,706,989 TOTAL 1,486,824 5,021 1,706,989

4 Cross Border Announced Deals (By Volume) 01/01/2019 - 06/30/2019 Global Private Equity Deals (By Volume) 01/01/2019 - 06/30/2019 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 Cleary Gottlieb Steen & Hamilton LLP 1 9.8 59,589 26 27 5.9 3.9 White & Case LLP 1 18.0 99,410 42 4 11.1 6.9 Kirkland & Ellis LLP 2 9.8 59,060 87 13 9.3 0.4 Clifford Chance LLP 2 17.1 93,961 49 3 12.9 4.2 Skadden Arps Slate Meagher & Flom LLP 3 9.7 58,699 45 24 7.9 1.8 Blake Cassels & Graydon LLP 3 16.0 88,217 16 53 2.1 13.9 Simpson Thacher & Bartlett LLP 4 8.4 50,860 32 25 6.2 2.2 Kirkland & Ellis LLP 4 15.0 82,507 188 2 13.8 1.1 Clifford Chance LLP 5 7.8 47,397 71 10 10.2 -2.4 Simpson Thacher & Bartlett LLP 5 12.0 66,081 41 1 16.2 -4.2 Latham & Watkins LLP 6 6.8 41,107 84 5 13.5 -6.7 Skadden Arps Slate Meagher & Flom LLP 6 7.8 42,812 39 11 6.6 1.2 White & Case LLP 7 6.6 39,883 71 26 6.1 0.5 Cravath Swaine & Moore LLP 7 6.7 36,722 13 31 3.5 3.2 Freshfields Bruckhaus Deringer LLP 8 6.4 38,747 57 1 18.6 -12.2 Latham & Watkins LLP 8 6.1 33,468 100 5 11.1 -5.0 Cravath Swaine & Moore LLP 9 6.0 36,030 15 28 5.6 0.4 Weil Gotshal & Manges LLP 9 5.9 32,233 66 6 10.0 -4.1 Weil Gotshal & Manges LLP 10 5.1 30,585 48 9 10.9 -5.8 Vinson & Elkins LLP 10 5.3 29,002 26 57 1.9 3.4 Shearman & Sterling LLP 11 4.9 29,455 22 14 9.3 -4.4 Cleary Gottlieb Steen & Hamilton LLP 11 4.2 23,348 19 49 2.4 1.9 Sullivan & Cromwell LLP 12 4.6 27,757 31 3 15.8 -11.2 Baker Botts LLP 12 3.8 20,887 8 86 0.7 3.1 Davis Polk & Wardwell LLP 13 4.0 23,945 22 2 16.3 -12.3 Jones Day 13 3.6 19,845 87 16 4.9 -1.3 Jones Day 14 3.8 23,259 103 29 5.3 -1.5 Hengeler Mueller 14 3.6 19,543 17 96 0.5 3.1 Slaughter and May 15 3.8 22,682 21 6 13.3 -9.5 Freshfields Bruckhaus Deringer LLP 15 3.5 19,357 29 7 8.4 -4.9 Wachtell Lipton Rosen & Katz 16 3.3 19,959 5 22 8.1 -4.8 Sullivan & Cromwell LLP 16 3.5 19,236 22 14 5.6 -2.1 Goodwin Procter LLP 17 3.2 19,436 40 30 4.8 -1.6 Shearman & Sterling LLP 17 3.4 18,465 18 71 1.0 2.4 King & Wood Mallesons 18 3.0 18,085 21 54 2.1 0.9 Gibson Dunn & Crutcher LLP 18 3.0 16,649 31 8 8.1 -5.1 Osler Hoskin & Harcourt LLP 19 2.9 17,569 25 34 3.8 -0.9 Goodwin Procter LLP 19 2.8 15,464 46 17 4.8 -2.0 Allen & Overy LLP 20 2.8 16,913 73 23 8.0 -5.2 Paul Weiss Rifkind Wharton & Garrison LLP 20 2.6 14,450 25 35 3.3 -0.7 TOTAL 605,550 7,776 951,842 TOTAL 551,141 6,985 560,916

5 Americas M&A Regional Review Americas M&A: Country Breakdown Amount % YoY • Deal activity in the Americas reached a volume of $1.2 trillion in 1H2019, representing a 8.5% increase Country (Bln.) % of Total Change compared to the same period last year. The United States contributed to 91.7% of the region’s total and United States $1,078.3 89.9% 8.4% continued to be most targeted country for M&A transactions. Canada $57.2 4.8% 19.8% • The consumer non-cyclical and industrials sectors were the two most the most targeted industries in the Brazil $23.9 2.0% -4.8% region accounting for approximately 46.0% of the overall deal volume. The announced acquisition of Chile $18.5 1.5% 191.8% United Technologies Corp by Raytheon Co for $90.0 billion was the largest transaction on record within industrial the sector as well as globally. Mexico $4.5 0.4% 322.1% • The energy sector experienced a modest increase of 2.7% year-on-year compared to the same period last British Virgin Islands $4.5 0.4% -34.2% year. This growth was partly due to the pending acquisition of Anadarko Petroleum Corp by Occidental Bermuda $3.1 0.3% -80.8% Petroleum Corp for $55.1 billion. Colombia $2.0 0.2% 130.3%

Americas M&A: Highlights of 1H 2019 Americas M&A: Industry Breakdown Total Value Amount % YoY Summary Date Target Acquirer Seller (Mln.) Industry (Bln.) % of Total Change Number of deals 9,478 Consumer Non-cyclical $380.2 31.7% 8.1% 6/9/2019 Raytheon Co United Technologies Corp - $90,016.9 Volume (Bln.) $1,200.0 Financial $195.8 16.3% -3.4% Avg Deal Size (Mln.) $126.6 Industrial $147.2 12.3% 99.2% 1/3/2019 Celgene Corp Bristol-Myers Squibb Co - $88,848.2 Energy $146.2 12.2% 2.8% Top Adviser Technology $126.2 10.5% 28.5% 6/25/2019 Allergan PLC AbbVie Inc - $83,791.2 Wachtell Lipton Rosen & Katz Communications $71.0 5.9% -34.6% Number of deals 32 Consumer Cyclical $68.6 5.7% -10.4% 5/9/2019 Anadarko Petroleum Corp Occidental Petroleum Corp - $55,150.6

Volume (Bln.) $436.7 Basic Materials $46.6 3.9% 36.6% Global M&A Review | 1H 2019 Avg Deal Size (Bln.) $13.6 Fidelity National Utilities $19.0 1.6% -58.0% 3/18/2019 Worldpay Inc - $40,966.9 Information Services Inc Diversified $0.0 0.0% -90.2%

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 $859.9 -3.0% 10.3% $800 5,000 Cross Border $268.0 -4.3% -26.4% $600 4,000 Private Equity $271.4 -3.4% 2.4% Asset sale $192.2 2.8% 27.8% $400 3,000 2,000 Tender Offer $38.8 -21.4% -36.5% $200 Venture Capital $56.6 -0.6% 31.8% 1,000 Spin-off $2.1 -48.5% -94.0% $0 0 2014 Q2 2015 Q2 2016 Q2 2017 Q2 2018 Q2 2019 Q2 Minority purchase $88.8 -5.2% -0.5% Majority purchase $36.6 -2.9% 5.5% Volume $(Bln.) Deal Count 6 Quarterly Volume represents any involvement (target, seller, or acquirer). US Announced Deals (By Volume) 01/01/2019 - 06/30/2019 US Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 34.9 436,707 32 2 20.4 14.5 Kirkland & Ellis LLP 1 26.0 325,961 283 1 10.4 15.6 Kirkland & Ellis LLP 2 26.0 325,961 283 13 10.4 15.6 Orrick Herrington & Sutcliffe LLP 2 0.7 8,807 170 14 0.7 0.1 Sullivan & Cromwell LLP 3 21.3 265,969 58 5 18.9 2.4 Jones Day 3 10.6 132,381 157 2 8.5 2.1 Davis Polk & Wardwell LLP 4 20.6 258,391 52 1 22.9 -2.3 Latham & Watkins LLP 4 12.8 160,456 148 3 18.9 -6.1 Simpson Thacher & Bartlett LLP 5 19.8 247,325 69 7 16.5 3.3 McGuireWoods LLP 5 0.9 11,651 118 4 1.4 -0.4 Cleary Gottlieb Steen & Hamilton LLP 6 17.9 223,552 39 11 11.8 6.0 Weil Gotshal & Manges LLP 6 15.7 196,381 86 10 12.4 3.3 Fried Frank Harris Shriver & Jacobson LLP 7 17.2 215,640 27 8 15.7 1.5 DLA Piper LLP 7 0.2 2,066 84 6 5.9 -5.7 Cravath Swaine & Moore LLP 8 15.8 197,330 38 6 16.5 -0.7 Goodwin Procter LLP 8 2.0 25,205 81 5 8.9 -6.9 Weil Gotshal & Manges LLP 9 15.7 196,381 86 10 12.4 3.3 Skadden Arps Slate Meagher & Flom LLP 9 14.9 186,483 80 10 19.3 -4.4 Skadden Arps Slate Meagher & Flom LLP 10 14.9 186,483 80 3 19.3 -4.4 Morgan Lewis & Bockius LLP 10 0.5 5,920 74 7 3.1 -2.6 Latham & Watkins LLP 11 12.8 160,456 148 4 18.9 -6.1 Simpson Thacher & Bartlett LLP 11 19.8 247,325 69 12 16.5 3.3 White & Case LLP 12 12.8 160,055 53 12 10.7 2.1 Ropes & Gray LLP 12 3.0 37,328 66 16 1.6 1.4 Shearman & Sterling LLP 13 10.7 134,235 39 19 8.9 1.8 Sidley Austin LLP 13 2.6 32,679 61 19 8.5 -5.9 Jones Day 14 10.6 132,381 157 21 8.5 2.1 Sullivan & Cromwell LLP 14 21.3 265,969 58 17 18.9 2.4 Mayer Brown LLP 15 8.7 108,726 36 44 3.7 5.0 Cooley LLP 14 1.8 22,778 58 7 7.9 -6.0 Covington & Burling LLP 16 8.4 105,672 23 78 1.1 7.4 O'Melveny & Myers LLP 16 2.8 35,511 57 27 2.0 0.9 Freshfields Bruckhaus Deringer LLP 17 7.7 96,760 31 15 9.6 -1.9 Gibson Dunn & Crutcher LLP 17 2.7 33,872 55 15 7.3 -4.6 Vinson & Elkins LLP 18 7.6 94,908 47 45 3.7 3.9 McDermott Will & Emery LLP Inc 18 0.7 8,241 54 24 0.2 0.5 Davies Ward Phillips & Vineberg LLP 19 7.1 89,188 8 72 1.3 5.9 White & Case LLP 19 12.8 160,055 53 20 10.7 2.1 Yulchon LLC 20 7.1 88,848 2 342 - 7.1 Paul Weiss Rifkind Wharton & Garrison LLP 19 4.2 52,490 53 9 9.7 -5.5 TOTAL 1,251,902 10,024 1,288,298 TOTAL 1,251,902 10,024 1,288,298

US Announced Deals- Principals (By Volume) 01/01/2019 - 06/30/2019 US Announced Deals- Principals (By Deal Count) 01/01/2019 - 06/30/2019 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 40.2 436,707 32 1 23.5 16.7 Kirkland & Ellis LLP 1 29.4 319,503 279 1 9.9 19.5 Kirkland & Ellis LLP 2 29.4 319,503 279 13 9.9 19.5 Orrick Herrington & Sutcliffe LLP 2 0.8 8,807 170 13 0.8 0.1 Skadden Arps Slate Meagher & Flom LLP 3 15.7 170,449 77 2 22.0 -6.3 Jones Day 3 12.0 130,007 154 2 9.5 2.5 Latham & Watkins LLP 4 14.0 152,319 144 6 12.6 1.4 Latham & Watkins LLP 4 14.0 152,319 144 3 12.6 1.4 Simpson Thacher & Bartlett LLP 5 13.7 148,423 64 9 10.8 2.9 McGuireWoods LLP 5 0.1 1,283 110 4 1.5 -1.4 Jones Day 6 12.0 130,007 154 14 9.5 2.5 DLA Piper LLP 6 0.2 2,066 84 6 6.8 -6.6 Weil Gotshal & Manges LLP 7 11.7 127,395 82 15 8.3 3.4 Weil Gotshal & Manges LLP 7 11.7 127,395 82 11 8.3 3.4 Mayer Brown LLP 8 10.0 108,726 36 36 4.3 5.7 Goodwin Procter LLP 8 2.3 25,205 81 5 10.2 -7.9 Shearman & Sterling LLP 9 9.9 107,545 32 48 2.0 7.9 Skadden Arps Slate Meagher & Flom LLP 9 15.7 170,449 77 12 22.0 -6.3 Cleary Gottlieb Steen & Hamilton LLP 10 9.8 106,514 27 17 8.2 1.6 Morgan Lewis & Bockius LLP 10 0.5 5,920 74 7 3.6 -3.0 Freshfields Bruckhaus Deringer LLP 11 8.9 96,760 31 7 11.1 -2.2 Ropes & Gray LLP 11 1.0 10,629 65 16 1.4 -0.4 Cravath Swaine & Moore LLP 12 8.8 95,729 23 34 5.1 3.7 Simpson Thacher & Bartlett LLP 12 13.7 148,423 64 14 10.8 2.9 Vinson & Elkins LLP 13 8.6 93,860 46 37 4.3 4.4 Sidley Austin LLP 13 2.9 31,861 59 18 3.3 -0.4 Davies Ward Phillips & Vineberg LLP 14 8.2 89,188 8 65 1.5 6.8 Cooley LLP 14 2.1 22,497 57 8 8.3 -6.2 Yulchon LLC 15 8.2 88,848 2 341 - 8.2 O'Melveny & Myers LLP 15 0.7 7,617 56 26 1.6 -0.9 Sullivan & Cromwell LLP 16 7.9 86,322 36 5 14.4 -6.5 McDermott Will & Emery LLP Inc 16 0.8 8,241 54 21 0.2 0.6 McCann FitzGerald 17 7.7 83,791 2 - - 7.7 Paul Weiss Rifkind Wharton & Garrison LLP 17 4.7 51,120 52 9 10.3 -5.6 Arthur Cox 17 7.7 83,791 1 215 0.0 7.7 Willkie Farr & Gallagher LLP 17 4.6 49,591 52 42 0.9 3.7 Clifford Chance LLP 19 5.8 62,467 38 27 6.8 -1.0 Hogan Lovells US LLP 17 0.7 7,550 52 10 10.8 -10.1 Paul Weiss Rifkind Wharton & Garrison LLP 20 4.7 51,120 52 11 10.3 -5.6 Gibson Dunn & Crutcher LLP 20 1.9 20,805 50 15 5.2 -3.3 TOTAL 1,086,599 2,697 1,118,607 TOTAL 1,086,599 2,697 1,118,607

7 Canada Announced Deals (By Volume) 01/01/2019 - 06/30/2019 Canada Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 16.4 23,890 12 4 23.7 -7.4 Gowling WLG 1 4.1 6,003 61 2 1.2 2.9 Weil Gotshal & Manges LLP 2 16.0 23,376 15 1 31.1 -15.1 Blake Cassels & Graydon LLP 2 15.4 22,420 40 1 13.4 2.0 Kirkland & Ellis LLP 3 16.0 23,279 21 21 5.5 10.5 Osler Hoskin & Harcourt LLP 3 15.0 21,883 35 5 23.7 -8.7 Blake Cassels & Graydon LLP 4 15.4 22,420 40 11 13.4 2.0 McCarthy Tetrault LLP 4 7.7 11,269 30 6 3.6 4.2 Osler Hoskin & Harcourt LLP 5 15.0 21,883 35 5 23.7 -8.7 Norton Rose Fulbright LLP 5 6.9 10,032 27 9 15.5 -8.6 Cleary Gottlieb Steen & Hamilton LLP 6 14.1 20,619 6 122 - 14.1 Stikeman Elliott LLP 6 5.7 8,265 24 3 13.2 -7.5 Skadden Arps Slate Meagher & Flom LLP 7 13.5 19,734 13 56 0.8 12.7 Torys LLP 7 6.5 9,515 22 7 26.3 -19.8 Cassels Brock & Blackwell LLP 8 12.4 18,094 15 61 0.7 11.8 Kirkland & Ellis LLP 8 16.0 23,279 21 13 5.5 10.5 Goodmans LLP 9 11.7 17,142 11 26 3.9 7.9 Miller Thomson LLP 9 1.2 1,743 18 4 0.3 0.9 King & Wood Mallesons 10 11.2 16,388 5 17 10.8 0.4 Borden Ladner Gervais LLP 10 1.2 1,741 16 38 0.0 1.2 White & Case LLP 11 11.2 16,355 7 10 15.0 -3.8 Weil Gotshal & Manges LLP 11 16.0 23,376 15 16 31.1 -15.1 Wachtell Lipton Rosen & Katz 12 8.9 12,959 2 16 11.9 -3.0 Cassels Brock & Blackwell LLP 11 12.4 18,094 15 9 0.7 11.8 Dorsey & Whitney LLP 13 8.6 12,594 6 47 1.5 7.1 Skadden Arps Slate Meagher & Flom LLP 13 13.5 19,734 13 40 0.8 12.7 Sullivan & Cromwell LLP 14 8.6 12,593 8 6 19.7 -11.1 Simpson Thacher & Bartlett LLP 14 16.4 23,890 12 24 23.7 -7.4 Goodwin Procter LLP 15 8.5 12,431 10 14 12.7 -4.1 Davies Ward Phillips & Vineberg LLP 14 1.9 2,765 12 8 5.4 -3.5 Neal Gerber & Eisenberg LLP 16 8.4 12,290 1 - - 8.4 Bennett Jones LLP 14 1.2 1,789 12 32 0.3 0.9 Clifford Chance LLP 17 7.9 11,576 4 3 24.5 -16.6 Orrick Herrington & Sutcliffe LLP 14 0.4 549 12 15 1.2 -0.8 McCarthy Tetrault LLP 18 7.7 11,269 30 27 3.6 4.2 Goodmans LLP 18 11.7 17,142 11 9 3.9 7.9 Stroock & Stroock & Lavan LLP 19 7.1 10,367 1 - - 7.1 Goodwin Procter LLP 19 8.5 12,431 10 16 12.7 -4.1 Norton Rose Fulbright LLP 20 6.9 10,032 27 8 15.5 -8.6 Jones Day 19 6.6 9,574 10 13 3.5 3.1 TOTAL 145,959 1,781 142,581 TOTAL 145,959 1,781 142,581

Brazil Announced Deals (By Volume) 01/01/2019 - 06/30/2019 Brazil Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 39.9 11,545 19 13 2.5 37.4 Pinheiro Neto Advogados 1 22.1 6,379 37 2 7.1 15.0 Machado Meyer Sendacz e Opice Advogados 2 38.7 11,191 18 4 53.7 -15.0 Mattos Filho Veiga Filho Marrey Jr e Quiroga 2 23.4 6,754 27 1 55.8 -32.5 Jones Day 3 34.1 9,855 4 19 1.0 33.1 Veirano Advogados 3 7.0 2,028 25 7 0.9 6.1 Stocche Forbes Padis Filizzola e Clapis Advo 4 30.4 8,799 19 26 0.5 29.9 Barbosa Mussnich & Aragao 4 39.9 11,545 19 3 2.5 37.4 Mattos Filho Veiga Filho Marrey Jr e Quiroga 5 23.4 6,754 27 3 55.8 -32.5 Stocche Forbes Padis Filizzola e Clapis Advo 4 30.4 8,799 19 8 0.5 29.9 Pinheiro Neto Advogados 6 22.1 6,379 37 9 7.1 15.0 Machado Meyer Sendacz e Opice Advogados 6 38.7 11,191 18 5 53.7 -15.0 White & Case LLP 7 10.8 3,123 4 2 57.8 -47.0 Tozzini Freire Teixeira E Silva 7 0.6 161 13 10 53.0 -52.5 Paul Weiss Rifkind Wharton & Garrison LLP 8 10.7 3,100 1 - - 10.7 Souza Cescon Barrieu & Flesch Advogados 8 0.8 233 8 12 52.2 -51.4 Cravath Swaine & Moore LLP 8 10.7 3,100 1 - - 10.7 Lobo de Rizzo Advogados 9 4.5 1,302 6 13 0.4 4.2 Sullivan & Cromwell LLP 8 10.7 3,100 1 - - 10.7 Azevedo Sette Advogados 9 2.6 759 6 13 0.0 2.6 Davis Polk & Wardwell LLP 8 10.7 3,100 1 7 51.4 -40.7 Lefosse Advogados 9 - 1 6 6 12.9 -12.8 Veirano Advogados 12 7.0 2,028 25 20 0.9 6.1 Jones Day 12 34.1 9,855 4 13 1.0 33.1 Lobo de Rizzo Advogados 13 4.5 1,302 6 30 0.4 4.2 White & Case LLP 12 10.8 3,123 4 13 57.8 -47.0 Clifford Chance LLP 14 3.3 955 2 33 0.1 3.2 Shearman & Sterling LLP 14 2.9 850 3 - - 2.9 Cassels Brock & Blackwell LLP 15 3.2 925 1 - - 3.2 Simpson Thacher & Bartlett LLP 14 1.4 415 3 13 2.4 -0.9 Covington & Burling LLP 16 3.1 905 1 10 5.3 -2.2 Demarest Advogados 14 0.8 242 3 8 2.2 -1.4 Sidley Austin LLP 16 3.1 905 1 - - 3.1 Vieira Rezende Barbosa e Guerreiro Advoga 14 - - 3 - - - Cleary Gottlieb Steen & Hamilton LLP 16 3.1 905 1 1 62.6 -59.5 Clifford Chance LLP 18 3.3 955 2 28 0.1 3.2 Hogan Lovells US LLP 16 3.1 905 1 36 0.0 3.1 Kirkland & Ellis LLP 18 1.8 508 2 28 - 1.8 Shearman & Sterling LLP 20 2.9 850 3 - - 2.9 Trench Rossi e Watanabe 18 0.0 6 2 28 - 0.0 TOTAL 28,910 259 29,484 TOTAL 28,910 259 29,484

8 EMEA M&A Regional Review EMEA M&A: Country Breakdown Amount % YoY • Deal volume for EMEA-based targets decreased by 31.8% from the same period last year to Country (Bln.) % of Total Change $395.0 billion; the lowest deal volume since 1H2017. The United Kingdom was the most United Kingdom $80.7 20.5% -54.6% sought-after country in 1H2019, with $82.9 billion in transactions. Germany $44.5 11.3% -50.4% • The basic materials sector was the most targeted industry experiencing a year-over-year France $37.3 9.5% 2.5% growth of 216.8% and accounting for 19.2% of the transactions for the period. Saudi Arabian Spain $17.3 4.4% -47.7% Oil Co’s pending acquisition of a 70% stake in Saudi Basic Industries Corp for $69.0 billion Italy $14.0 3.6% -40.4% was the largest deal announced in the sector and region. • Private equity activity for EMEA-based targets reached a volume of $205.5 billion in 1H2019, Netherlands $12.6 3.2% -53.6% representing a 17.3% increase from the same period last year. Switzerland $12.6 3.2% -79.0% Finland $8.2 2.1% 350.8%

EMEA M&A Highlights of 1H 2019 EMEA M&A: Industry Breakdown Total Amount % YoY Summary Date Target Acquirer Seller Value Industry (Bln.) % of Total Change Public Number of deals 5,648 Saudi Basic Industries Financial $93.0 23.6% -23.7% 3/27/19 Saudi Arabian Oil Co Investment $69,094.5 Corp Volume (Bln.) $393.4 Fund/The Basic Materials $75.9 19.2% 216.8% Avg Deal Size (Mln.) $69.6 EP Global Commerce Consumer Non-cyclical $49.9 12.6% -58.8% 6/12/19 METRO AG - $9,391.5 VI GmbH Communications $47.2 12.0% -60.4% Top Adviser Industrial $41.1 10.4% -18.8% 6/12/19 Axel Springer SE KKR & Co Inc - $7,679.0 Clifford Chance LLP Consumer Cyclical $35.3 8.9% -34.4% Two residential Number of deals 58 UK Asset Technology $26.5 6.7% 2.3% 4/2/19 mortgages and Citigroup Inc $6,407.7 Resolution Ltd Volume (Bln.) $102.9 unsecured loans port Energy $22.2 5.6% -39.0% Global M&A Review | 1H 2019 Avg Deal Size (Bln.) $1.8 Mellanox Utilities $2.7 0.7% -94.0% 3/11/19 NVIDIA Corp - $6,339.7 Technologies Ltd Diversified $0.9 0.2% 1.2%

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 $159.9 -12.3% -43.6% Cross Border $215.1 -8.2% -47.3% $300 3,000 Private Equity $203.8 -10.7% 16.4%

$200 2,000 Asset sale $75.4 -15.3% -50.5% Tender Offer $41.7 -17.6% -63.5% $100 1,000 Venture Capital $17.5 -4.5% 22.3% Spin-off $9.1 -14.8% -83.1% $0 0 2014 Q2 2015 Q2 2016 Q2 2017 Q2 2018 Q2 2019 Q2 Minority purchase $47.8 -2.6% 0.7% Volume $(Bln.) Deal Count Majority purchase $89.7 -12.6% 60.1%

9 Quarterly Volume represents any involvement (target, seller, or acquirer). Europe Announced Deals (By Volume) 01/01/2019 - 06/30/2019 Europe Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 Skadden Arps Slate Meagher & Flom LLP 1 11.4 54,414 28 7 10.2 1.2 CMS 1 1.8 8,733 124 1 5.3 -3.5 Freshfields Bruckhaus Deringer LLP 2 10.8 51,630 63 1 25.9 -15.1 Orrick Herrington & Sutcliffe LLP 2 0.7 3,194 120 10 1.1 -0.4 Latham & Watkins LLP 3 10.5 50,426 76 20 5.4 5.1 Jones Day 3 4.1 19,408 102 3 5.5 -1.4 Cleary Gottlieb Steen & Hamilton LLP 4 10.3 49,268 28 19 5.5 4.8 Latham & Watkins LLP 4 10.5 50,426 76 8 5.4 5.1 Kirkland & Ellis LLP 5 9.3 44,752 73 8 8.4 1.0 Allen & Overy LLP 5 3.0 14,281 75 2 7.7 -4.7 Clifford Chance LLP 6 9.2 44,124 70 5 11.4 -2.2 Kirkland & Ellis LLP 6 9.3 44,752 73 14 8.4 1.0 Simpson Thacher & Bartlett LLP 7 8.2 39,310 17 24 4.4 3.8 White & Case LLP 7 3.5 16,921 71 9 7.3 -3.7 Cravath Swaine & Moore LLP 8 5.6 26,627 12 14 6.6 -1.0 Clifford Chance LLP 8 9.2 44,124 70 4 11.4 -2.2 Linklaters LLP 9 5.0 24,108 67 3 13.4 -8.4 Linklaters LLP 9 5.0 24,108 67 7 13.4 -8.4 Shearman & Sterling LLP 10 5.0 23,862 20 2 14.3 -9.3 Freshfields Bruckhaus Deringer LLP 10 10.8 51,630 63 6 25.9 -15.1 Davis Polk & Wardwell LLP 11 4.9 23,365 15 6 10.2 -5.4 Hogan Lovells US LLP 11 1.4 6,874 61 10 7.3 -5.9 Sullivan & Cromwell LLP 12 4.8 22,831 25 17 5.6 -0.8 DLA Piper LLP 12 0.3 1,526 57 12 2.1 -1.8 Slaughter and May 13 4.5 21,465 20 12 7.1 -2.6 Dentons 13 0.4 1,703 54 12 0.9 -0.6 Ashurst LLP 14 4.3 20,758 26 37 2.1 2.2 Baker & McKenzie LLP 14 1.7 8,172 45 5 4.8 -3.1 Hengeler Mueller 15 4.1 19,649 28 16 6.2 -2.1 Cuatrecasas 15 0.4 1,803 44 15 1.5 -1.1 Jones Day 16 4.1 19,408 102 18 5.5 -1.4 Weil Gotshal & Manges LLP 16 3.2 15,334 41 17 6.4 -3.2 White & Case LLP 17 3.5 16,921 71 11 7.3 -3.7 Herbert Smith Freehills LLP 16 2.5 11,981 41 16 11.8 -9.3 Gibson Dunn & Crutcher LLP 18 3.2 15,478 21 23 4.5 -1.3 Noerr LLP 18 0.3 1,366 40 23 1.2 -1.0 Weil Gotshal & Manges LLP 19 3.2 15,334 41 15 6.4 -3.2 Uria Menendez Abogados SLP 19 1.1 5,240 36 35 2.4 -1.3 Barbosa Mussnich & Aragao 20 3.1 14,592 7 284 - 3.1 Loyens & Loeff NV 19 0.7 3,110 36 23 3.2 -2.5 TOTAL 479,111 6,796 749,450 TOTAL 479,111 6,796 749,450

Europe Announced Deals- Principals (By Volume) 01/01/2019 - 06/30/2019 Europe Announced Deals- Principals (By Deal Count) 01/01/2019 - 06/30/2019 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 Skadden Arps Slate Meagher & Flom LLP 1 15.6 54,414 28 3 11.7 3.9 CMS 1 2.5 8,733 124 1 6.3 -3.8 Freshfields Bruckhaus Deringer LLP 2 14.3 49,663 62 1 30.5 -16.2 Orrick Herrington & Sutcliffe LLP 2 0.9 3,194 120 10 1.3 -0.4 Clifford Chance LLP 3 12.7 44,124 70 5 10.9 1.8 Jones Day 3 5.6 19,408 101 3 6.3 -0.7 Latham & Watkins LLP 4 12.5 43,392 73 19 5.3 7.1 Allen & Overy LLP 4 4.0 13,882 74 2 8.8 -4.8 Kirkland & Ellis LLP 5 11.0 38,294 70 12 7.8 3.2 Latham & Watkins LLP 5 12.5 43,392 73 8 5.3 7.1 Simpson Thacher & Bartlett LLP 6 11.0 38,159 16 20 5.2 5.8 Clifford Chance LLP 6 12.7 44,124 70 4 10.9 1.8 Cleary Gottlieb Steen & Hamilton LLP 7 7.0 24,386 24 27 3.0 4.0 Kirkland & Ellis LLP 6 11.0 38,294 70 15 7.8 3.2 Linklaters LLP 8 6.6 23,111 66 2 14.0 -7.4 Linklaters LLP 8 6.6 23,111 66 7 14.0 -7.4 Slaughter and May 9 6.2 21,465 20 10 8.3 -2.1 White & Case LLP 8 2.3 8,008 66 9 5.4 -3.1 Hengeler Mueller 10 5.6 19,649 28 15 7.3 -1.6 Freshfields Bruckhaus Deringer LLP 10 14.3 49,663 62 6 30.5 -16.2 Jones Day 11 5.6 19,408 101 17 6.3 -0.7 Hogan Lovells US LLP 11 2.0 6,874 60 10 8.6 -6.6 Sullivan & Cromwell LLP 12 4.8 16,786 21 38 2.1 2.7 DLA Piper LLP 12 0.4 1,526 57 13 0.9 -0.5 Davis Polk & Wardwell LLP 13 4.7 16,308 11 6 10.3 -5.6 Dentons 13 0.5 1,703 54 12 1.1 -0.6 Weil Gotshal & Manges LLP 14 4.4 15,334 41 14 7.3 -2.9 Baker & McKenzie LLP 14 2.4 8,172 45 5 4.1 -1.7 Barbosa Mussnich & Aragao 15 4.2 14,592 7 284 - 4.2 Cuatrecasas 15 0.5 1,803 44 14 1.7 -1.2 Cravath Swaine & Moore LLP 16 4.2 14,457 9 13 7.4 -3.2 Weil Gotshal & Manges LLP 16 4.4 15,334 41 17 7.3 -2.9 Blake Cassels & Graydon LLP 17 4.1 14,319 6 68 0.8 3.4 Herbert Smith Freehills LLP 16 3.4 11,981 41 16 11.3 -7.9 Allen & Overy LLP 18 4.0 13,882 74 8 8.8 -4.8 Noerr LLP 18 0.4 1,366 40 23 1.5 -1.1 NautaDutilh NV 19 3.9 13,436 14 61 0.9 3.0 Uria Menendez Abogados SLP 19 1.5 5,240 36 35 2.8 -1.3 Homburger AG 20 3.5 12,324 9 33 2.5 1.0 Loyens & Loeff NV 19 0.9 3,110 36 23 3.7 -2.9 TOTAL 348,297 2,066 636,653 TOTAL 348,297 2,066 636,653

10 UK Announced Deals (By Volume) 01/01/2019 - 06/30/2019 UK Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 Clifford Chance LLP 1 15.5 22,104 24 8 13.4 2.0 Orrick Herrington & Sutcliffe LLP 1 0.9 1,310 45 14 1.2 -0.3 Slaughter and May 2 14.7 20,993 15 6 15.3 -0.6 CMS 2 5.1 7,293 44 1 9.5 -4.4 Ashurst LLP 3 14.5 20,755 21 25 3.7 10.8 Jones Day 3 1.8 2,552 38 4 0.8 1.0 Freshfields Bruckhaus Deringer LLP 4 12.1 17,257 22 1 35.4 -23.4 Kirkland & Ellis LLP 4 11.1 15,828 35 11 6.5 4.6 Kirkland & Ellis LLP 5 11.1 15,828 35 16 6.5 4.6 DLA Piper LLP 5 0.9 1,211 33 10 3.5 -2.7 Cleary Gottlieb Steen & Hamilton LLP 6 9.2 13,192 6 46 1.3 7.9 Allen & Overy LLP 6 4.4 6,337 31 2 11.4 -7.0 Linklaters LLP 7 7.6 10,885 23 7 14.9 -7.3 Latham & Watkins LLP 7 6.0 8,512 30 7 4.1 1.8 Weil Gotshal & Manges LLP 8 6.8 9,726 16 13 8.6 -1.8 Clifford Chance LLP 8 15.5 22,104 24 4 13.4 2.0 Shearman & Sterling LLP 9 6.7 9,603 9 3 23.0 -16.3 Linklaters LLP 9 7.6 10,885 23 3 14.9 -7.3 Bryan Cave Leighton Paisner LLP/US 10 6.1 8,667 3 - - 6.1 Dentons 9 0.6 844 23 21 0.4 0.2 Latham & Watkins LLP 11 6.0 8,512 30 24 4.1 1.8 Freshfields Bruckhaus Deringer LLP 11 12.1 17,257 22 6 35.4 -23.4 Simpson Thacher & Bartlett LLP 12 5.1 7,300 7 11 9.6 -4.5 Gowling WLG 11 1.7 2,495 22 21 0.1 1.7 CMS 13 5.1 7,293 44 12 9.5 -4.4 Ashurst LLP 13 14.5 20,755 21 21 3.7 10.8 Alston & Bird LLP 14 4.9 7,054 3 88 0.2 4.7 Travers Smith 14 0.5 758 18 15 0.6 0.0 Jackson Walker LLP 15 4.7 6,700 1 - - 4.7 Hogan Lovells US LLP 15 1.9 2,767 17 16 2.9 -0.9 Allen & Overy LLP 16 4.4 6,337 31 10 11.4 -7.0 Weil Gotshal & Manges LLP 16 6.8 9,726 16 16 8.6 -1.8 Homburger AG 17 4.4 6,293 1 - - 4.4 Herbert Smith Freehills LLP 16 1.9 2,720 16 8 25.9 -24.0 NautaDutilh NV 17 4.4 6,293 4 92 0.2 4.2 Slaughter and May 18 14.7 20,993 15 20 15.3 -0.6 Sullivan & Cromwell LLP 19 3.9 5,522 8 19 5.6 -1.7 White & Case LLP 18 0.5 645 15 12 8.4 -7.9 Cravath Swaine & Moore LLP 20 3.4 4,807 5 17 6.5 -3.1 Squire Patton Boggs US LLP 18 0.3 355 15 13 0.4 -0.1 TOTAL 143,107 2,473 319,385 TOTAL 143,107 2,473 319,385

Germany Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 France Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 3.3 3,192 48 1 19.3 -16.0 Jones Day 1 11.1 10,019 40 1 2.2 8.9 Noerr LLP 2 1.4 1,312 35 4 7.5 -6.2 Orrick Herrington & Sutcliffe LLP 2 1.3 1,194 35 4 5.0 -3.7 Orrick Herrington & Sutcliffe LLP 3 0.9 885 29 10 0.3 0.7 Hogan Lovells US LLP 3 1.2 1,122 25 6 3.0 -1.7 Hengeler Mueller 4 20.2 19,622 25 7 37.6 -17.3 CMS 4 0.1 45 24 13 8.4 -8.4 Freshfields Bruckhaus Deringer LLP 5 25.5 24,753 22 2 58.8 -33.3 Latham & Watkins LLP 5 14.1 12,724 18 4 4.6 9.5 Jones Day 6 1.2 1,172 21 3 12.3 -11.1 De Pardieu Brocas Maffei 6 0.0 29 17 12 5.8 -5.7 Latham & Watkins LLP 7 15.4 14,904 17 9 2.9 12.5 Herbert Smith Freehills LLP 7 10.3 9,322 15 24 3.8 6.6 Clifford Chance LLP 8 9.3 9,016 16 5 5.0 4.3 Weil Gotshal & Manges LLP 7 7.4 6,706 15 8 17.1 -9.7 Hogan Lovells US LLP 9 1.0 947 13 8 2.4 -1.4 Clifford Chance LLP 9 7.2 6,482 13 2 16.7 -9.5 Linklaters LLP 10 1.1 1,028 11 16 17.7 -16.6 Linklaters LLP 10 2.9 2,573 12 9 13.8 -11.0 White & Case LLP 11 8.4 8,154 10 15 0.1 8.3 Allen & Overy LLP 10 2.0 1,771 12 3 7.5 -5.6 Luther Rechtsanwaltsgesellschaft mbH 11 0.1 78 10 10 0.2 -0.1 Loyens & Loeff NV 10 1.9 1,695 12 32 - 1.9 Baker & McKenzie LLP 13 3.7 3,622 9 12 10.7 -7.0 Mayer Brown LLP 13 1.0 877 11 21 2.7 -1.7 Allen & Overy LLP 14 2.1 2,013 8 6 3.6 -1.5 Gibson Dunn & Crutcher LLP 14 1.3 1,194 9 34 0.3 1.0 Gleiss Lutz Hootz Hirsch Partnerschaftsgese 14 1.4 1,307 8 80 - 1.4 Kirkland & Ellis LLP 14 1.1 1,027 9 29 7.4 -6.2 DLA Piper LLP 14 0.1 86 8 20 0.8 -0.7 White & Case LLP 14 0.0 18 9 19 3.1 -3.1 Dentons 14 0.0 10 8 13 3.1 -3.1 Stibbe BV 17 3.3 3,004 8 61 5.1 -1.8 Shearman & Sterling LLP 18 10.0 9,726 7 13 23.7 -13.7 Willkie Farr & Gallagher LLP 17 2.1 1,933 8 13 14.2 -12.0 Weil Gotshal & Manges LLP 18 0.5 474 7 27 - 0.5 DLA Piper LLP 17 0.0 37 8 11 1.0 -1.0 Kirkland & Ellis LLP 20 22.1 21,459 6 24 0.6 21.6 Cleary Gottlieb Steen & Hamilton LLP 20 7.6 6,854 7 21 19.4 -11.9 TOTAL 97,069 1,200 122,348 TOTAL 90,354 1,046 110,723

11 Italy Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 Benelux Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 0.9 230 34 2 0.5 0.5 Loyens & Loeff NV 1 4.0 2,152 33 2 15.3 -11.4 Orrick Herrington & Sutcliffe LLP 2 0.7 186 25 4 2.2 -1.5 Stibbe BV 2 8.8 4,792 22 6 2.2 6.6 Chiomenti Studio Legale 3 11.1 2,781 20 1 14.4 -3.3 Allen & Overy LLP 3 10.7 5,816 21 1 5.4 5.3 White & Case LLP 4 3.6 893 9 14 30.1 -26.6 Jones Day 4 3.0 1,651 19 8 16.2 -13.2 Dentons 5 1.2 298 8 9 1.1 0.1 CMS 4 0.9 510 19 7 0.9 0.1 Allen & Overy LLP 5 0.7 172 8 9 6.4 -5.7 Clifford Chance LLP 6 6.6 3,611 17 3 20.9 -14.3 Legance Avvocati Associati 7 3.4 847 7 6 1.8 1.5 Houthoff Buruma 7 3.4 1,833 16 4 1.1 2.3 Linklaters LLP 8 13.9 3,496 6 14 14.0 -0.1 Freshfields Bruckhaus Deringer LLP 8 8.1 4,436 14 4 13.6 -5.5 Latham & Watkins LLP 8 4.4 1,114 6 5 9.1 -4.7 Linklaters LLP 9 9.9 5,414 13 8 8.5 1.4 CMS 8 - - 6 9 2.2 -2.2 NautaDutilh NV 10 0.0 11 12 8 5.7 -5.6 Clifford Chance LLP 11 2.0 508 5 7 12.5 -10.5 Latham & Watkins LLP 11 9.1 4,960 11 13 21.0 -11.9 Hogan Lovells US LLP 11 1.8 454 5 18 0.5 1.3 White & Case LLP 11 2.2 1,184 11 20 21.8 -19.6 Jones Day 11 1.0 254 5 7 3.8 -2.8 Kirkland & Ellis LLP 11 2.2 1,184 11 20 14.7 -12.5 Shearman & Sterling LLP 14 4.6 1,149 4 9 5.6 -1.0 Orrick Herrington & Sutcliffe LLP 14 0.4 233 9 18 3.6 -3.1 Gattai Minoli Agostinelli & Partners 14 1.7 430 4 3 21.8 -20.1 Hogan Lovells US LLP 15 1.7 949 8 14 1.5 0.2 Cleary Gottlieb Steen & Hamilton LLP 16 23.1 5,800 3 23 8.7 14.3 De Brauw Blackstone Westbroek NV 16 3.9 2,101 7 15 12.9 -9.0 DLA Piper LLP 16 0.2 46 3 38 - 0.2 Weil Gotshal & Manges LLP 16 1.3 686 7 23 5.1 -3.9 Simmons & Simmons LLP 16 - - 3 38 - - Hengeler Mueller 16 0.8 409 7 26 0.2 0.6 Uria Menendez Abogados SLP 19 5.3 1,333 2 - - 5.3 Dentons 16 0.2 114 7 15 1.3 -1.1 Gianni Origoni Grippo Capelli Partners 19 0.5 114 2 23 1.3 -0.9 DLA Piper LLP 20 0.3 178 6 11 2.7 -2.3 TOTAL 25,156 405 34,908 TOTAL 54,477 900 98,415

Iberia Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 Nordic Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 3.6 1,093 39 1 14.0 -10.4 White & Case LLP 1 4.7 3,164 25 1 7.9 -3.2 Uria Menendez Abogados SLP 2 17.2 5,240 34 3 40.0 -22.8 Hannes Snellman Advokatbyra Ab/FI 2 6.7 4,562 21 2 3.7 3.0 Perez-Llorca 3 7.8 2,383 29 2 19.1 -11.3 Kirkland & Ellis LLP 3 12.3 8,355 19 9 2.8 9.5 Clifford Chance LLP 4 15.0 4,550 14 8 18.3 -3.3 Clifford Chance LLP 4 13.6 9,229 10 13 2.6 11.0 Linklaters LLP 4 11.0 3,348 14 9 26.6 -15.6 Baker & McKenzie LLP 4 0.9 607 10 3 17.0 -16.1 Latham & Watkins LLP 6 21.5 6,532 10 27 0.1 21.4 Advokatfirmaet Thommessen AS 4 0.0 12 10 25 - 0.0 Herbert Smith Freehills LLP 6 11.0 3,362 10 14 1.1 9.9 Advokatfirman Vinge KB 7 0.7 449 9 3 6.8 -6.2 Hogan Lovells US LLP 8 2.9 880 9 13 1.2 1.7 Noerr LLP 7 - - 9 25 0.4 -0.4 Garrigues Abogados 9 0.5 144 7 11 1.5 -1.0 Freshfields Bruckhaus Deringer LLP 9 7.0 4,731 8 11 3.1 3.9 Freshfields Bruckhaus Deringer LLP 10 10.0 3,038 5 12 3.6 6.4 Orrick Herrington & Sutcliffe LLP 9 0.7 499 8 25 1.0 -0.2 Jones Day 10 0.4 132 5 16 - 0.4 Allen & Overy LLP 11 0.5 326 7 8 - 0.5 Allen & Overy LLP 10 - - 5 10 18.2 -18.2 Ashurst LLP 12 8.4 5,696 6 14 0.6 7.7 Mattos Filho Veiga Filho Marrey Jr e Quiroga 13 2.0 622 3 39 10.6 -8.6 Hogan Lovells US LLP 12 2.1 1,417 6 19 1.6 0.5 DLA Piper LLP 13 0.6 187 3 14 0.4 0.2 Ropes & Gray LLP 12 0.8 551 6 32 2.8 -1.9 Orrick Herrington & Sutcliffe LLP 13 0.2 63 3 27 0.1 0.2 Skadden Arps Slate Meagher & Flom LLP 15 29.1 19,813 5 19 3.1 26.0 Kirkland & Ellis LLP 13 0.1 38 3 20 10.5 -10.4 Jones Day 15 7.6 5,160 5 14 0.7 6.9 Davis Polk & Wardwell LLP 17 8.9 2,720 2 20 17.3 -8.4 Advokatfirmaet Schjodt AS 15 3.6 2,459 5 42 - 3.6 Norton Rose Fulbright LLP 17 3.4 1,027 2 27 0.2 3.2 Ellex 15 1.5 998 5 9 0.5 1.0 White & Case LLP 17 2.1 648 2 20 1.5 0.6 CMS 15 0.7 495 5 12 0.0 0.7 Cleary Gottlieb Steen & Hamilton LLP 17 2.1 648 2 - - 2.1 DLA Piper LLP 15 0.2 103 5 19 15.3 -15.2 TOTAL 30,445 417 44,339 TOTAL 68,068 1,030 70,150

12 Eastern Europe Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 2019 2018 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Ellex 1 3.2 846 18 1 2.2 1.1 CMS 1 1.2 316 18 2 8.0 -6.8 White & Case LLP 3 6.7 1,748 13 8 12.7 -6.0 Dentons 3 1.5 404 13 3 2.5 -1.0 Weil Gotshal & Manges LLP 3 1.3 336 13 14 9.5 -8.2 COBALT 6 0.0 9 12 5 0.3 -0.2 Linklaters LLP 7 2.9 766 10 10 10.6 -7.7 SORAINEN 8 2.0 532 9 4 2.8 -0.8 Allen & Overy LLP 8 1.7 440 9 8 5.7 -4.0 Orrick Herrington & Sutcliffe LLP 10 4.6 1,214 8 20 1.1 3.5 Baker & McKenzie LLP 10 0.6 164 8 6 4.8 -4.2 DLA Piper LLP 10 - 2 8 24 - - Clifford Chance LLP 13 3.6 954 7 6 1.3 2.3 Freshfields Bruckhaus Deringer LLP 14 11.2 2,932 5 14 10.6 0.5 Latham & Watkins LLP 14 10.6 2,777 5 24 7.6 3.0 Herbert Smith Freehills LLP 14 2.7 703 5 24 - 2.7 O'Melveny & Myers LLP 14 2.6 669 5 39 0.0 2.5 Noerr LLP 18 1.5 386 4 12 0.6 0.9 Cleary Gottlieb Steen & Hamilton LLP 19 4.5 1,187 3 24 10.7 -6.2 Jones Day 19 0.2 45 3 18 1.7 -1.5 TOTAL 26,249 553 45,454

13 APAC M&A Regional Review APAC M&A: Quarterly Volume $600 6,000 • In 1H2019, M&A activity targeting the Asia-Pacific experienced a decrease of 28.9% to $332.8 billion $400 4,000 compared to the same period last year. The value of deals targeting Chinese companies or assets in China $200 2,000 accounted for 41.3% of the total deal volume in APAC. $0 0 • The financial sector was the most targeted industry, accounting for 30.7% of the region's overall volume. The divestiture of Ascendas Pte Ltd and Singbridge Pte Ltd by Ascendas-Singbridge Pte Ltd for$7.82 billion was the largest deal announced in the sector and the region. Volume $(Bln.) Deal Count • Private equity deals decreased by 46.9% year-on-year to $66.8 billion. Sequoia Capital was the most active investor in 1H2019 with its involvement in 40 deals. Whereas, Brookfield Asset Management was Australia/NZ M&A: Quarterly Volume involved in the largest transaction in the sector; the pending divestiture of East West Pipeline Ltd’s $80 600 pipeline business for $2.44 billion. $60 400 APAC M&A: Highlights of 1H 2019 $40 Total 200 Summary Date Target Acquirer Seller Value $20 Number of deals 6,190 Ascendas-Singbridge $0 0 1/14/2019 Multiple Targets CapitaLand Ltd $7,824.2 Volume (Bln.) $333.0 Pte Ltd Avg Deal Size (Mln.) $53.8 Beijing Easyhome Wuhan Zhongshang 1/23/2019 Furnishing New Retail Commercial Group Co - $5,633.2 Volume $(Bln.) Deal Count Chain Store Ltd Top Adviser Mindanao Islamic Greater China M&A: Quarterly Volume 4/25/2019 Multiple Acquirers - $5,400.0 AZB & Partners Telephone Co Inc $300 2000 Number of deals 69 1500 5/8/2019 Yahoo Japan Corp Shareholders - $4,780.0 $200

Volume (Bln.) $14.6 Global M&A Review | 1H 2019 1000 Avg Deal Size (Bln.) $0.2 $100 5/8/2019 Yahoo Japan Corp Softbank Corp - $4,144.4 500 $0 0 APAC M&A: Breakdown Amount % % YoY Volume $(Bln.) Deal Count APAC Industry Breakdown Financial Deal Type (Bln.) Change Change Industrial Company Takeover $112.1 -11.5% -27.4% Japan M&A: Quarterly Volume 2% 0% 4% Consumer Cyclical Cross Border $117.6 -10.1% -38.1% $150 1000 Consumer Non-cyclical Private Equity $66.8 -12.0% -46.9% 8% $100 30% Communications Asset sale $52.9 -1.9% 7.6% 8% 500 Basic Materials Tender Offer $11.8 -19.3% -34.5% $50 9% Venture Capital $23.5 -11.0% -55.0% Technology Spin-off $0.1 -40.0% -99.7% $0 0 12% 14% Energy 13% Minority purchase $85.8 -13.8% -35.6% Utilities Majority purchase $42.3 -16.1% -48.1% Volume $(Bln.) Deal Count Diversified Graphs represent any regional involvement (target, seller, or acquirer). 14 APAC Ex Japan Announced Deals (By Volume) 01/01/2019 - 06/30/2019 APAC Ex Japan Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 7.9 32,553 13 5 6.2 1.7 AZB & Partners 1 3.6 14,894 74 1 5.3 -1.8 Kirkland & Ellis LLP 2 7.8 32,400 10 1 7.2 0.6 Khaitan & Co 2 2.0 8,057 65 4 4.3 -2.3 Shearman & Sterling LLP 3 4.1 16,917 5 82 0.4 3.7 Kim & Chang 3 2.6 10,673 48 3 2.5 0.1 AZB & Partners 4 3.6 14,894 74 11 5.3 -1.8 King & Wood Mallesons 4 3.1 12,878 44 6 5.8 -2.6 Baker Botts LLP 5 3.5 14,400 2 - - 3.5 Shin & Kim 5 1.9 7,648 39 12 1.5 0.3 Vinson & Elkins LLP 5 3.5 14,400 2 79 0.4 3.1 Lee & Ko 6 1.7 6,887 35 8 2.5 -0.8 Cleary Gottlieb Steen & Hamilton LLP 7 3.4 14,022 5 70 0.5 2.9 Shardul Amarchand Mangaldas & Co 7 2.0 8,087 32 5 6.5 -4.6 White & Case LLP 8 3.2 13,379 12 34 2.9 0.3 Bae Kim & Lee 8 2.2 9,130 31 20 1.6 0.6 King & Wood Mallesons 9 3.1 12,878 44 8 5.8 -2.6 Cyril Amarchand Mangaldas 9 1.4 5,717 30 13 4.1 -2.7 WongPartnership LLP 10 3.0 12,261 21 20 3.6 -0.7 Fangda Partners 10 1.1 4,727 29 10 5.6 -4.5 Weil Gotshal & Manges LLP 11 2.8 11,667 8 3 6.7 -3.9 Herbert Smith Freehills LLP 11 2.1 8,653 28 2 5.2 -3.1 Sullivan & Cromwell LLP 12 2.8 11,490 4 27 3.3 -0.6 Allens 11 2.0 8,304 28 17 5.2 -3.2 Cravath Swaine & Moore LLP 13 2.7 11,100 4 108 0.2 2.5 Baker & McKenzie LLP 11 1.4 5,971 28 6 3.6 -2.2 Allen & Gledhill LLP 14 2.7 10,966 18 25 3.3 -0.7 J Sagar Associates 14 0.5 2,072 23 15 0.4 0.1 Latham & Watkins LLP 15 2.6 10,793 18 17 4.1 -1.5 Gilbert + Tobin 15 1.5 6,074 22 19 5.7 -4.3 Goodwin Procter LLP 16 2.6 10,677 7 22 3.6 -1.0 Orrick Herrington & Sutcliffe LLP 15 0.3 1,280 22 57 0.6 -0.3 Kim & Chang 17 2.6 10,673 48 38 2.5 0.1 WongPartnership LLP 17 3.0 12,261 21 24 3.6 -0.7 Stroock & Stroock & Lavan LLP 18 2.5 10,367 1 - - 2.5 DLA Piper LLP 18 0.6 2,596 20 26 2.8 -2.2 Bae Kim & Lee 19 2.2 9,130 31 46 1.6 0.6 Allen & Overy LLP 19 1.6 6,614 19 14 4.6 -3.0 Herbert Smith Freehills LLP 20 2.1 8,653 28 13 5.2 -3.1 Trilegal 19 0.5 2,220 19 11 4.1 -3.6 TOTAL 414,207 6,001 560,325 TOTAL 414,207 6,001 560,325

APAC Private Equity Announced Deals (By Volume) 01/01/2019 - 06/30/2019 2019 2018 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Kirkland & Ellis LLP 1 19.3 33,142 8 1 18.9 0.4 Simpson Thacher & Bartlett LLP 2 18.9 32,478 13 5 15.0 3.9 Baker Botts LLP 3 8.4 14,400 2 - - 8.4 Vinson & Elkins LLP 3 8.4 14,400 2 69 0.7 7.7 Cleary Gottlieb Steen & Hamilton LLP 5 8.2 14,022 5 39 2.8 5.4 Weil Gotshal & Manges LLP 6 7.3 12,608 9 2 18.5 -11.2 White & Case LLP 7 6.8 11,704 5 14 8.5 -1.7 Shearman & Sterling LLP 8 6.7 11,440 3 76 0.4 6.2 Cravath Swaine & Moore LLP 9 6.5 11,100 1 78 0.4 6.1 Goodwin Procter LLP 10 6.2 10,666 4 13 8.7 -2.5 Latham & Watkins LLP 11 6.2 10,566 16 10 9.1 -2.9 Sullivan & Cromwell LLP 12 6.1 10,547 3 30 7.1 -0.9 Stroock & Stroock & Lavan LLP 13 6.0 10,367 1 - - 6.0 Morrison & Foerster LLP 14 5.2 8,920 9 21 7.9 -2.7 Allen & Overy LLP 15 3.7 6,358 11 8 10.3 -6.6 AZB & Partners 16 3.3 5,712 34 36 5.1 -1.8 Kim & Chang 17 3.0 5,072 19 45 2.5 0.5 Shardul Amarchand Mangaldas & Co 18 2.7 4,664 22 9 10.2 -7.5 Allens 19 2.7 4,580 8 50 2.2 0.4 Freshfields Bruckhaus Deringer LLP 20 2.6 4,500 3 6 12.4 -9.8 TOTAL 171,911 1,624 222,813

15 AU & NZ Announced Deals (By Volume) 01/01/2019 - 06/30/2019 AU & NZ Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 White & Case LLP 1 18.7 11,100 1 61 0.2 18.5 King & Wood Mallesons 1 7.7 4,598 33 2 15.4 -7.7 Shearman & Sterling LLP 1 18.7 11,100 1 86 - 18.7 Allens 2 13.5 8,044 27 3 35.4 -21.9 Cleary Gottlieb Steen & Hamilton LLP 1 18.7 11,100 1 - - 18.7 Gilbert + Tobin 3 10.2 6,074 22 3 20.1 -9.9 Cravath Swaine & Moore LLP 1 18.7 11,100 2 35 1.1 17.6 Herbert Smith Freehills LLP 4 8.7 5,158 19 1 31.5 -22.9 Baker Botts LLP 1 18.7 11,100 1 - - 18.7 Corrs Chambers Westgarth 4 0.4 255 19 8 1.1 -0.7 Vinson & Elkins LLP 1 18.7 11,100 1 23 2.2 16.5 Ashurst LLP 6 6.6 3,903 16 7 3.7 2.9 Allens 7 13.5 8,044 27 1 35.4 -21.9 Minter Ellison 7 1.1 679 13 6 4.0 -2.8 Gilbert + Tobin 8 10.2 6,074 22 3 20.1 -9.9 Thomson Geer 8 0.3 164 12 14 0.3 - Herbert Smith Freehills LLP 9 8.7 5,158 19 2 31.5 -22.9 Norton Rose Fulbright LLP 8 0.3 151 12 22 1.1 -0.8 King & Wood Mallesons 10 7.7 4,598 33 6 15.4 -7.7 DLA Piper LLP 10 1.2 705 10 12 16.1 -14.9 Ashurst LLP 11 6.6 3,903 16 12 3.7 2.9 Baker & McKenzie LLP 11 0.2 128 9 10 16.5 -16.3 Nishimura & Asahi 12 5.8 3,421 2 82 0.0 5.8 Allen & Overy LLP 12 5.5 3,252 7 11 2.1 3.4 Latham & Watkins LLP 13 5.8 3,417 5 22 2.4 3.4 Jones Day 12 0.1 29 7 9 0.7 -0.7 Allen & Overy LLP 14 5.5 3,252 7 24 2.1 3.4 Chapman Tripp 14 4.2 2,482 6 12 3.4 0.8 Bell Gully 15 4.7 2,785 3 74 0.0 4.7 Clifford Chance LLP 14 1.5 872 6 16 5.4 -4.0 Stibbe BV 16 4.2 2,510 1 - - 4.2 Dentons 14 0.2 141 6 22 0.0 0.2 Linklaters LLP 16 4.2 2,510 1 8 7.3 -3.1 Latham & Watkins LLP 17 5.8 3,417 5 26 2.4 3.4 CMS 18 4.2 2,505 1 79 0.0 4.2 Clayton Utz 17 0.5 272 5 17 2.4 -1.9 Chapman Tripp 19 4.2 2,482 6 13 3.4 0.8 HWL Ebsworth Lawyers 17 0.0 13 5 5 0.6 -0.6 McCullough Robertson Lawyers 20 2.2 1,293 1 46 0.6 1.6 Wilson Sonsini Goodrich & Rosati PC 20 1.1 670 4 51 - 1.1 TOTAL 59,385 764 74,764 TOTAL 59,385 764 74,764

Japan Announced Deals (By Volume) 01/01/2019 - 06/30/2019 Japan Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 Mori Hamada & Matsumoto 1 15.0 14,275 52 3 51.6 -36.6 Nishimura & Asahi 1 11.9 11,293 62 3 52.1 -40.3 Nishimura & Asahi 2 11.9 11,293 62 2 52.1 -40.3 Nagashima Ohno & Tsunematsu 2 8.9 8,485 55 2 48.5 -39.6 Morrison & Foerster LLP 3 9.5 9,070 9 29 3.6 5.9 Mori Hamada & Matsumoto 3 15.0 14,275 52 1 51.6 -36.6 Nagashima Ohno & Tsunematsu 4 8.9 8,485 55 5 48.5 -39.6 Anderson Mori & Tomotsune 4 5.5 5,207 46 4 48.7 -43.2 Freshfields Bruckhaus Deringer LLP 5 8.4 7,989 7 31 2.7 5.7 Morrison & Foerster LLP 5 9.5 9,070 9 8 3.6 5.9 Anderson Mori & Tomotsune 6 5.5 5,207 46 4 48.7 -43.2 Orrick Herrington & Sutcliffe LLP 5 1.2 1,148 9 8 0.3 0.9 Davis Polk & Wardwell LLP 7 5.4 5,138 5 9 46.1 -40.7 Freshfields Bruckhaus Deringer LLP 7 8.4 7,989 7 12 2.7 5.7 Allen & Overy LLP 8 4.5 4,246 6 16 11.7 -7.3 Baker & McKenzie LLP 7 2.3 2,213 7 6 1.3 1.0 Gilbert + Tobin 9 3.8 3,636 4 100 0.0 3.8 Morgan Lewis & Bockius LLP 7 1.2 1,126 7 19 0.4 0.8 Wilson Sonsini Goodrich & Rosati PC 10 3.3 3,100 3 107 0.0 3.2 Hibiya-Nakata 7 1.0 921 7 12 0.5 0.5 Skadden Arps Slate Meagher & Flom LLP 11 3.2 3,000 2 36 1.3 1.8 Allen & Overy LLP 11 4.5 4,246 6 16 11.7 -7.3 WongPartnership LLP 12 2.6 2,476 4 22 9.0 -6.4 Cooley LLP 11 2.4 2,300 6 79 - 2.4 Cooley LLP 13 2.4 2,300 6 115 - 2.4 Herbert Smith Freehills LLP 11 2.4 2,244 6 6 1.1 1.3 Herbert Smith Freehills LLP 14 2.4 2,244 6 37 1.1 1.3 Latham & Watkins LLP 11 1.8 1,692 6 11 45.9 -44.1 Allen & Gledhill LLP 15 2.4 2,239 4 19 9.4 -7.1 White & Case LLP 11 1.4 1,346 6 24 2.4 -1.0 Baker & McKenzie LLP 16 2.3 2,213 7 35 1.3 1.0 Hogan Lovells US LLP 11 0.4 383 6 24 9.0 -8.6 Gibson Dunn & Crutcher LLP 17 2.0 1,935 3 18 9.7 -7.7 Davis Polk & Wardwell LLP 17 5.4 5,138 5 32 46.1 -40.7 Latham & Watkins LLP 18 1.8 1,692 6 10 45.9 -44.1 Sullivan & Cromwell LLP 17 1.3 1,190 5 32 46.3 -45.1 Simmons & Simmons LLP 19 1.6 1,484 2 - - 1.6 Kim & Chang 17 1.2 1,115 5 12 0.5 0.7 White & Case LLP 20 1.4 1,346 6 33 2.4 -1.0 AZB & Partners 17 0.9 837 5 24 0.3 0.6 TOTAL 95,215 1,817 177,386 TOTAL 95,215 1,817 177,386

16 South Korea Announced Deals (By Volume) 01/01/2019 - 06/30/2019 South Korea Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 23.1 10,335 45 2 29.8 -6.7 Kim & Chang 1 23.1 10,335 45 1 29.8 -6.7 Bae Kim & Lee 2 20.4 9,130 31 3 19.4 1.0 Shin & Kim 2 17.1 7,648 39 3 18.5 -1.4 Shin & Kim 3 17.1 7,648 39 4 18.5 -1.4 Lee & Ko 3 15.4 6,887 35 2 30.2 -14.8 Lee & Ko 4 15.4 6,887 35 1 30.2 -14.8 Bae Kim & Lee 4 20.4 9,130 31 4 19.4 1.0 Yulchon LLC 5 7.6 3,373 15 6 5.3 2.2 Yoon & Yang LLC 5 1.8 798 18 7 0.9 0.9 Jipyong LLC 6 3.4 1,527 6 8 1.5 1.9 Seum 6 0.3 131 16 8 0.1 0.2 Simpson Thacher & Bartlett LLP 7 3.0 1,329 2 - - 3.0 Yulchon LLC 7 7.6 3,373 15 5 5.3 2.2 Hengeler Mueller 8 2.7 1,200 1 - - 2.7 Kim Choi & Lim 8 0.4 195 7 9 0.5 -0.1 Yoon & Yang LLC 9 1.8 798 18 20 0.9 0.9 Jipyong LLC 9 3.4 1,527 6 6 1.5 1.9 Arnold & Porter LLP 10 1.1 508 1 - - 1.1 Baker & McKenzie LLP 10 1.0 425 3 11 1.2 -0.3 Baker & McKenzie LLP 11 1.0 425 3 11 1.2 -0.3 J Sagar Associates 10 0.9 390 3 - - 0.9 Kirkland & Ellis LLP 12 1.0 422 2 43 - 1.0 Khaitan & Co 10 0.7 291 3 - - 0.7 J Sagar Associates 13 0.9 390 3 - - 0.9 Orrick Herrington & Sutcliffe LLP 10 0.1 51 3 20 - 0.1 Gunderson Dettmer Stough Villeneuve Frank 14 0.8 340 1 - - 0.8 Simpson Thacher & Bartlett LLP 14 3.0 1,329 2 - - 3.0 Covington & Burling LLP 14 0.8 340 1 - - 0.8 Kirkland & Ellis LLP 14 1.0 422 2 20 - 1.0 Paul Hastings LLP 14 0.8 340 1 23 0.7 0.1 Hogan Lovells US LLP 14 0.8 340 2 20 0.2 0.6 Shearman & Sterling LLP 14 0.8 340 1 12 1.1 -0.3 Ropes & Gray LLP 14 0.7 322 2 - - 0.7 Hogan Lovells US LLP 14 0.8 340 2 31 0.2 0.6 Clifford Chance LLP 14 0.3 137 2 14 0.6 -0.3 Cleary Gottlieb Steen & Hamilton LLP 19 0.7 322 1 - - 0.7 Allen & Gledhill LLP 14 0.2 72 2 - - 0.2 Ropes & Gray LLP 19 0.7 322 2 - - 0.7 Hengeler Mueller 20 2.7 1,200 1 - - 2.7 TOTAL 44,684 835 46,139 TOTAL 44,684 835 46,139

China Announced Deals (By Volume) 01/01/2019 - 06/30/2019 China Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 4.7 8,203 11 2 8.1 -3.3 Fangda Partners 1 2.7 4,727 29 1 11.5 -8.8 Zhong Lun Law Firm 2 4.3 7,454 14 34 0.8 3.5 Zhong Lun Law Firm 2 4.3 7,454 14 31 0.8 3.5 Haiwen & Partners 3 3.4 5,961 2 11 3.3 0.2 King & Wood Mallesons 3 4.7 8,203 11 3 8.1 -3.3 Shearman & Sterling LLP 4 3.1 5,400 1 83 0.1 3.0 Skadden Arps Slate Meagher & Flom LLP 4 1.6 2,709 8 25 2.5 -0.9 Fangda Partners 5 2.7 4,727 29 1 11.5 -8.8 Allbright Law Offices 4 0.5 858 8 21 0.4 0.2 Zhejiang T&C Law Firm 6 1.9 3,295 3 39 0.5 1.4 Orrick Herrington & Sutcliffe LLP 4 0.2 424 8 11 1.3 -1.0 Skadden Arps Slate Meagher & Flom LLP 7 1.6 2,709 8 13 2.5 -0.9 DLA Piper LLP 7 1.0 1,794 7 13 1.2 -0.2 CMS 8 1.4 2,505 3 118 - 1.4 Slaughter and May 8 0.9 1,487 6 46 0.4 0.4 Morrison & Foerster LLP 9 1.4 2,500 3 8 5.4 -4.0 Grandall Law Firm 8 0.3 430 6 2 1.3 -1.0 Beijing Hairun Tianrui Law Firm 10 1.3 2,327 2 - - 1.3 Jia Yuan Law Firm 10 1.0 1,654 5 13 2.8 -1.8 Davis Polk & Wardwell LLP 11 1.3 2,173 4 32 1.0 0.3 Baker & McKenzie LLP 10 0.7 1,245 5 6 1.6 -0.9 Commerce & Finance Law Office 12 1.1 1,857 1 87 0.1 1.0 Jingtian & Gongcheng 10 0.3 466 5 7 1.1 -0.8 Allen & Overy LLP 13 1.1 1,842 4 33 1.0 0.1 Davis Polk & Wardwell LLP 13 1.3 2,173 4 37 1.0 0.3 DLA Piper LLP 14 1.0 1,794 7 29 1.2 -0.2 Allen & Overy LLP 13 1.1 1,842 4 18 1.0 0.1 Jia Yuan Law Firm 15 1.0 1,654 5 12 2.8 -1.8 Noerr LLP 13 0.3 454 4 82 - 0.3 Slaughter and May 16 0.9 1,487 6 47 0.4 0.4 Zhejiang T&C Law Firm 16 1.9 3,295 3 62 0.5 1.4 Baker & McKenzie LLP 17 0.7 1,245 5 19 1.6 -0.9 CMS 16 1.4 2,505 3 37 - 1.4 AZB & Partners 18 0.7 1,135 3 46 0.5 0.2 Morrison & Foerster LLP 16 1.4 2,500 3 18 5.4 -4.0 Freshfields Bruckhaus Deringer LLP 19 0.6 1,110 2 17 1.7 -1.1 AZB & Partners 16 0.7 1,135 3 25 0.5 0.2 Norton Rose Fulbright LLP 20 0.5 895 2 89 0.1 0.5 Clifford Chance LLP 16 0.5 800 3 9 6.8 -6.3 TOTAL 173,908 2,258 266,307 TOTAL 173,908 2,258 266,307

17 Hong Kong Announced Deals (By Volume) 01/01/2019 - 06/30/2019 Hong Kong Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 Slaughter and May 1 7.8 3,582 7 21 2.0 5.8 Slaughter and May 1 7.8 3,582 7 13 2.0 5.8 Ropes & Gray LLP 2 7.5 3,417 4 62 0.1 7.4 Fangda Partners 2 3.2 1,440 6 1 31.9 -28.8 Paul Weiss Rifkind Wharton & Garrison LLP 3 6.1 2,781 3 10 5.8 0.3 Allen & Overy LLP 2 3.2 1,440 6 13 0.6 2.5 Latham & Watkins LLP 4 5.2 2,386 4 35 0.9 4.3 Ropes & Gray LLP 4 7.5 3,417 4 19 0.1 7.4 Zhejiang T&C Law Firm 5 5.0 2,299 1 51 0.3 4.8 Latham & Watkins LLP 4 5.2 2,386 4 4 0.9 4.3 Blank Rome LLP 6 4.6 2,081 1 - - 4.6 J Sagar Associates 4 1.6 718 4 30 0.0 1.5 Commerce & Finance Law Office 7 4.1 1,857 1 - - 4.1 Shardul Amarchand Mangaldas & Co 4 1.3 599 4 30 0.1 1.2 Kim & Chang 8 3.3 1,524 3 - - 3.3 Khaitan & Co 4 0.6 284 4 30 0.2 0.5 Fangda Partners 9 3.2 1,440 6 1 31.9 -28.8 Paul Weiss Rifkind Wharton & Garrison LLP 9 6.1 2,781 3 8 5.8 0.3 Allen & Overy LLP 10 3.2 1,440 6 40 0.6 2.5 Kim & Chang 9 3.3 1,524 3 - - 3.3 Cyril Amarchand Mangaldas 11 2.6 1,194 3 54 0.2 2.4 Cyril Amarchand Mangaldas 9 2.6 1,194 3 30 0.2 2.4 Norton Rose Fulbright LLP 12 2.0 895 2 30 1.2 0.7 Gibson Dunn & Crutcher LLP 9 0.7 334 3 13 0.6 0.2 Davis Polk & Wardwell LLP 13 1.8 820 2 12 4.4 -2.6 AZB & Partners 9 0.7 304 3 30 0.4 0.3 J Sagar Associates 14 1.6 718 4 70 0.0 1.5 Norton Rose Fulbright LLP 14 2.0 895 2 6 1.2 0.7 Shardul Amarchand Mangaldas & Co 15 1.3 599 4 64 0.1 1.2 Davis Polk & Wardwell LLP 14 1.8 820 2 10 4.4 -2.6 Bae Kim & Lee 16 1.2 548 2 29 1.3 -0.1 Bae Kim & Lee 14 1.2 548 2 53 1.3 -0.1 Lee & Ko 17 1.2 540 1 28 1.3 -0.1 Clifford Chance LLP 14 0.7 319 2 1 22.5 -21.8 Arnold & Porter LLP 18 1.1 508 1 36 0.8 0.3 Herbert Smith Freehills LLP 14 0.7 300 2 30 1.2 -0.5 Gibson Dunn & Crutcher LLP 19 0.7 334 3 44 0.6 0.2 Goodwin Procter LLP 14 0.6 281 2 19 1.2 -0.5 Clifford Chance LLP 20 0.7 319 2 2 22.5 -21.8 Zhong Lun Law Firm 14 0.2 100 2 - - 0.2 TOTAL 45,703 648 73,151 TOTAL 45,703 648 73,151

Taiwan Announced Deals (By Volume) 01/01/2019 - 06/30/2019 Taiwan Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 27.8 1,000 2 1 15.6 12.2 Lee & Li 1 10.0 359 7 1 8.6 1.4 Lee & Li 2 10.0 359 7 5 8.6 1.4 Jones Day 2 8.7 314 4 2 4.2 4.5 Jones Day 3 8.7 314 4 11 4.2 4.5 Lexcel Partners Attorney-at-Law 3 1.6 56 3 7 1.8 -0.2 Allen & Gledhill LLP 4 7.0 251 2 - - 7.0 Nishimura & Asahi 3 0.7 24 3 - - 0.7 Mori Hamada & Matsumoto 5 6.8 243 1 - - 6.8 Morrison & Foerster LLP 5 27.8 1,000 2 4 15.6 12.2 Chen & Lin 6 4.6 165 1 10 5.8 -1.2 Allen & Gledhill LLP 5 7.0 251 2 - - 7.0 Pillsbury Winthrop Shaw Pittman LLP 7 2.5 90 1 - - 2.5 Shearman & Sterling LLP 5 2.1 77 2 - - 2.1 Shearman & Sterling LLP 8 2.1 77 2 - - 2.1 Mori Hamada & Matsumoto 8 6.8 243 1 - - 6.8 Lexcel Partners Attorney-at-Law 9 1.6 56 3 14 1.8 -0.2 Chen & Lin 8 4.6 165 1 7 5.8 -1.2 Kim & Chang 10 1.3 45 1 - - 1.3 Pillsbury Winthrop Shaw Pittman LLP 8 2.5 90 1 - - 2.5 Hogan Lovells US LLP 10 1.3 45 1 - - 1.3 Kim & Chang 8 1.3 45 1 - - 1.3 Nishimura & Asahi 12 0.7 24 3 - - 0.7 Hogan Lovells US LLP 8 1.3 45 1 - - 1.3 WongPartnership LLP 13 0.4 15 1 - - 0.4 WongPartnership LLP 8 0.4 15 1 - - 0.4 Orrick Herrington & Sutcliffe LLP 14 0.0 1 1 15 1.4 -1.4 Orrick Herrington & Sutcliffe LLP 8 0.0 1 1 12 1.4 -1.4 Clifford Chance LLP 15 - - 1 - - - Clifford Chance LLP 8 - - 1 - - - Anderson Mori & Tomotsune 15 - - 1 21 0.4 -0.4 Anderson Mori & Tomotsune 8 - - 1 12 0.4 -0.4

TOTAL 3,596 86 8,938 TOTAL 3,596 86 8,938

18 South East Asia Announced Deals (By Volume) 01/01/2019 - 06/30/2019 South East Asia Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 Kirkland & Ellis LLP 1 28.3 29,267 5 5 16.4 11.9 WongPartnership LLP 1 11.9 12,261 21 1 3.4 8.4 Simpson Thacher & Bartlett LLP 2 28.3 29,223 3 2 24.4 3.9 Allen & Gledhill LLP 2 10.6 10,966 18 2 2.1 8.6 WongPartnership LLP 3 11.9 12,261 21 31 3.4 8.4 Rajah & Tann 3 2.5 2,623 15 4 2.1 0.4 Allen & Gledhill LLP 4 10.6 10,966 18 38 2.1 8.6 Baker & McKenzie LLP 4 2.9 2,983 10 3 3.8 -0.9 Weil Gotshal & Manges LLP 5 10.3 10,648 3 3 24.2 -13.9 Orrick Herrington & Sutcliffe LLP 5 0.6 589 9 - - 0.6 Sullivan & Cromwell LLP 6 10.2 10,547 2 7 13.8 -3.6 Latham & Watkins LLP 6 4.8 4,942 8 8 12.4 -7.6 Goodwin Procter LLP 7 10.0 10,367 2 6 13.9 -3.8 Nishimura & Asahi 6 2.6 2,701 8 26 0.0 2.6 Stroock & Stroock & Lavan LLP 7 10.0 10,367 1 - - 10.0 Herbert Smith Freehills LLP 8 3.6 3,748 7 13 2.9 0.8 Drew & Napier LLC 9 7.7 7,935 3 57 0.5 7.2 Shook Lin & Bok LLP 8 0.7 762 7 7 0.6 0.2 Shearman & Sterling LLP 10 5.2 5,400 1 61 0.3 5.0 Linklaters LLP 10 4.0 4,162 6 38 5.2 -1.1 Latham & Watkins LLP 11 4.8 4,942 8 17 12.4 -7.6 Allen & Overy LLP 10 1.7 1,776 6 5 4.1 -2.4 Linklaters LLP 12 4.0 4,162 6 23 5.2 -1.1 AZB & Partners 10 0.7 770 6 8 3.8 -3.1 Herbert Smith Freehills LLP 13 3.6 3,748 7 32 2.9 0.8 Kirkland & Ellis LLP 13 28.3 29,267 5 17 16.4 11.9 Sidley Austin LLP 14 3.2 3,300 3 - - 3.2 Gibson Dunn & Crutcher LLP 13 2.7 2,832 5 38 13.3 -10.6 Baker Botts LLP 14 3.2 3,300 1 - - 3.2 Jones Day 13 2.5 2,563 5 8 2.8 -0.3 Vinson & Elkins LLP 14 3.2 3,300 1 - - 3.2 Clifford Chance LLP 13 0.7 667 5 8 25.2 -24.6 Baker & McKenzie LLP 17 2.9 2,983 10 30 3.8 -0.9 Kim & Chang 13 0.5 547 5 26 0.1 0.4 Gibson Dunn & Crutcher LLP 18 2.7 2,832 5 10 13.3 -10.6 King & Wood Mallesons 13 0.2 188 5 38 11.1 -10.9 Nishimura & Asahi 19 2.6 2,701 8 86 0.0 2.6 Hogan Lovells US LLP 13 0.0 20 5 15 0.8 -0.8 Rajah & Tann 20 2.5 2,623 15 37 2.1 0.4 DLA Piper LLP 20 1.5 1,537 4 26 0.1 1.4 TOTAL 103,350 1,103 128,002 TOTAL 103,350 1,103 128,002

India Announced Deals (By Volume) 01/01/2019 - 06/30/2019 India Announced Deals (By Deal Count) 01/01/2019 - 06/30/2019 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 31.3 14,694 73 2 32.4 -1.2 AZB & Partners 1 31.3 14,694 73 1 32.4 -1.2 Khaitan & Co 2 16.9 7,940 63 3 26.2 -9.3 Khaitan & Co 2 16.9 7,940 63 2 26.2 -9.3 Shardul Amarchand Mangaldas & Co 3 16.8 7,887 31 1 40.3 -23.6 Shardul Amarchand Mangaldas & Co 3 16.8 7,887 31 2 40.3 -23.6 Cyril Amarchand Mangaldas 4 12.2 5,717 30 5 25.1 -12.9 Cyril Amarchand Mangaldas 4 12.2 5,717 30 5 25.1 -12.9 Argus Partners 5 6.7 3,146 1 - - 6.7 J Sagar Associates 5 4.4 2,072 23 6 2.7 1.8 Kirkland & Ellis LLP 6 5.8 2,710 3 6 20.2 -14.5 Trilegal 6 4.3 2,020 18 4 25.4 -21.1 Cleary Gottlieb Steen & Hamilton LLP 7 5.5 2,600 1 - - 5.5 S&R Associates 7 1.8 837 9 7 5.9 -4.1 J Sagar Associates 8 4.4 2,072 23 26 2.7 1.8 Simpson Thacher & Bartlett LLP 8 3.8 1,782 7 19 17.3 -13.5 Trilegal 9 4.3 2,020 18 4 25.4 -21.1 Veritas Legal 9 2.3 1,067 6 10 0.1 2.1 Simpson Thacher & Bartlett LLP 10 3.8 1,782 7 15 17.3 -13.5 Baker & McKenzie LLP 10 3.3 1,528 4 15 1.5 1.7 Baker & McKenzie LLP 11 3.3 1,528 4 29 1.5 1.7 Jerome Merchant + Partners 10 0.2 80 4 11 0.1 0.1 Veritas Legal 12 2.3 1,067 6 57 0.1 2.1 Kirkland & Ellis LLP 12 5.8 2,710 3 12 20.2 -14.5 Sullivan & Cromwell LLP 13 2.0 943 2 19 15.5 -13.5 Luthra & Luthra Law Offices LLP 12 1.7 808 3 19 1.0 0.7 S&R Associates 14 1.8 837 9 24 5.9 -4.1 White & Case LLP 12 1.6 760 3 52 15.5 -13.9 Luthra & Luthra Law Offices LLP 15 1.7 808 3 34 1.0 0.7 Linklaters LLP 12 1.4 647 3 12 2.2 -0.9 White & Case LLP 16 1.6 760 3 19 15.5 -13.9 Clifford Chance LLP 12 1.2 557 3 52 15.5 -14.3 Linklaters LLP 17 1.4 647 3 28 2.2 -0.9 Talwar Thakore & Associates 12 0.2 115 3 15 6.3 -6.0 Ropes & Gray LLP 18 1.3 586 2 45 0.5 0.8 Sullivan & Cromwell LLP 18 2.0 943 2 30 15.5 -13.5 Weil Gotshal & Manges LLP 19 1.2 564 2 16 15.9 -14.7 Ropes & Gray LLP 18 1.3 586 2 52 0.5 0.8 Sidley Austin LLP 20 1.2 560 1 - - 1.2 Weil Gotshal & Manges LLP 18 1.2 564 2 30 15.9 -14.7 TOTAL 46,977 1,041 90,365 TOTAL 46,977 1,041 90,365

19 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:

{IDOC 2063961}: M&A

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.