Legal Rankings 1H 2016 1H 2016

GLOBAL M&A MARKET REVIEW LEGAL RANKINGS 1H 2016 1H 2016

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 Global Rachel Campanelli +1-646-324-4657 [email protected] North America Meaghan Burke +1-646-324-1537 [email protected] EMEA Madeeha Ahmad +44-20-3525-3754 [email protected] Asia Pacific Ee Wen Tay +65-6231-3404 [email protected]

Western Europe Eastern Europe USD 483.2B USD 23.8B 1. Cravath Swaine & Moore LLP 32.9% 1. Skadden Arps Meagher & Flom LLP 13.9% 2. White & Case LLP 24.0% 2. Weil Gotshal & Manges LLP 8.5% 3. Allen & Overy LLPllen 16.0% 3. Studio Legale Pedersoli e Associati 5.0%

North America USD 920.3B Asia Pacific 1. Sullivan & Cromwell LLP 25.3% USD 612.2B 2. White & Case LLP 23.2% 1. White & Case LLP 12.2% 3. Wachtell Lipton Rosen & Katz 19.9% 2. Simpson Thacher & Bartlett LLP 11.7% 3. Fangda Partners 11.2%

Middle East & Africa USD 45.5B Scale in USD Bln. Latin America & Caribbean 1. Skadden Arps Slate Meagher & Flom LLP 10.0% 0 - 18 USD 65.6B 2. King & Wood Mallesons 7.7% 3. Osler Hoskin & Harcourt LLP 6.9% 19 - 46 1. Skadden Arps Meagher & Flom LLP 7.1% Global M&A Review | 1H 2016 47 - 92 2. O'Melveny & Myers LLP 5.5% 93 - 138 3. Pinheiro Neto Advogados 5.2% 139 - 230 231 - 368 369 - 552 553 - 782 783 - 828 829 -

Deal volume and adviser market share for any regional involvement (target, seller, or acquirer) for 1H 2016.

2 Global M&A Regional Review Global M&A: Premium Breakdown • Global M&A volume at $1.6 trillion in 1H2016, declined 11.5% compared to the same period last year. 3% 1% 4% 0-10% Volume for European-based targets decreased 26.5%, the most substantial decrease across all regions. • Due to heightened regulatory scrutiny, government oversight and financial uncertainty, almost 100 deals 16% 10-25% were terminated in 1H2016, the largest number of failed deals since the financial crisis in 2007. 25-50% • Deals targeting the basic materials space increased 195.7% from the same period last year. Bayer AG’s $61.7 billion unsolicited offer for Monsanto Co contributed to 35.5% of the industry’s volume. 50-75% 27% • Venture capital investments increased 29.3% compared to 1H2015 with Zhejiang Ant Small & Micro 49% 75-100% Financial Services Group Co’s series B financing round for $4.5 billion representing the largest financing round on record. 100%+

Global M&A: Highlights of 1H 2016 Global M&A: Industry Breakdown Total Value Amount % YoY Summary Date Target Acquirer Seller (Mln.) Industry (Bln.) % of Total Change Number of deals 18,868 Financial $323.7 20.3% -10.3% 5/18/2016 Monsanto Co Bayer AG - $61,697.8 Volume (Bln.) $1,568.9 Consumer Non-cyclical $287.2 18.0% -18.8% Avg Deal Size (Mln.) $83.2 China National Chemical Consumer Cyclical $192.8 12.1% 38.2% 2/3/2016 Syngenta AG - $46,311.7 Corp Basic Materials $173.8 10.9% 189.0% Top Adviser Communications $154.9 9.7% -34.7% 1/11/2016 Baxalta Inc Shire PLC - $35,563.4 White & Case LLP Industrial $147.5 9.3% -16.8% Number of deals 138 Technology $123.5 7.8% -15.0% 4/28/2016 St Jude Medical Inc Abbott Laboratories - $30,108.2

Volume (Bln.) $277.7 Energy $93.1 5.8% -56.2% Global M&A Review | 1H 2016 Avg Deal Size (Bln.) $2.0 Utilities $76.7 4.8% 105.8% 1/25/2016 Johnson Controls Inc Tyco International Plc - $28,667.3 Diversified $19.6 1.2% -68.8%

Global M&A: Quarterly Volume Global M&A: Deal Type Breakdown Amount % Change % Change $1,400 12,000 Deal Type (Bln.) Deal Count Volume $1,200 10,000 Company Takeover $1,004.9 1.8% -12.6% $1,000 Cross Border $691.5 2.2% -2.2% 8,000 $800 Private Equity $335.9 2.5% -8.5% 6,000 $600 Asset Sale $239.7 0.7% -10.0% 4,000 $400 Tender Offer $199.8 -6.2% 48.5% Venture Capital $70.3 -1.0% 28.6% $200 2,000 Spin-off $26.5 -10.6% -43.1% $0 0 2011 Q2 2012 Q2 2013 Q2 2014 Q2 2015 Q2 2016 Q2 Minority Purchase $171.9 4.0% 0.0% Majority Purchase $104.3 -6.7% -1.9% Volume (Bln.) Deal Count Quarterly Volume represents any involvement (target, seller, or acquirer). 3 Global Announced Deals (By Volume) 01/01/2016 - 06/30/2016 Global Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 17.7 277,737 138 8 9.5 8.2 Jones Day 1 7.0 110,330 234 1 2.9 4.1 Sullivan & Cromwell LLP 2 15.5 242,758 74 2 16.5 -1.0 Latham & Watkins LLP 2 7.0 110,434 181 2 14.9 -7.8 Davis Polk & Wardwell LLP 3 13.7 214,551 77 3 16.2 -2.6 Kirkland & Ellis LLP 3 7.3 113,716 155 3 9.4 -2.1 Cravath Swaine & Moore LLP 4 12.9 201,709 36 6 11.9 0.9 White & Case LLP 4 17.7 277,737 138 5 9.5 8.2 Simpson Thacher & Bartlett LLP 5 12.6 197,870 66 13 8.4 4.3 Baker & McKenzie LLP 5 1.4 22,241 124 5 3.6 -2.2 Wachtell Lipton Rosen & Katz 6 11.8 185,330 45 7 10.4 1.5 CMS Legal Services EEIG 6 0.2 3,810 114 8 0.9 -0.7 Skadden Arps Slate Meagher & Flom LLP 7 10.8 169,854 104 1 20.2 -9.3 Allen & Overy LLP 7 5.8 90,328 113 7 3.6 2.2 Cleary Gottlieb Steen & Hamilton LLP 8 10.2 160,111 42 26 4.3 5.9 Hogan Lovells US LLP 8 3.1 48,316 110 10 2.6 0.5 Osler Hoskin & Harcourt LLP 9 8.9 139,208 51 40 2.8 6.1 DLA Piper LLP 8 0.9 13,469 110 12 4.3 -3.4 Kirkland & Ellis LLP 10 7.3 113,716 155 10 9.4 -2.1 Morgan Lewis & Bockius LLP 10 1.8 27,594 105 20 1.3 0.5 Latham & Watkins LLP 11 7.0 110,434 181 4 14.9 -7.8 Skadden Arps Slate Meagher & Flom LLP 11 10.8 169,854 104 4 20.2 -9.3 Jones Day 12 7.0 110,330 234 38 2.9 4.1 Linklaters LLP 12 3.1 48,123 94 10 6.4 -3.4 Stikeman Elliott LLP 13 6.6 103,474 72 23 5.1 1.5 Weil Gotshal & Manges LLP 13 5.3 83,416 91 13 6.5 -1.2 Gibson Dunn & Crutcher LLP 14 6.3 99,461 69 27 4.3 2.0 Clifford Chance LLP 13 1.3 21,076 91 9 3.4 -2.1 Allen & Overy LLP 15 5.8 90,328 113 34 3.6 2.2 Freshfields Bruckhaus Deringer LLP 15 3.6 56,735 82 15 13.1 -9.5 Weil Gotshal & Manges LLP 16 5.3 83,416 91 16 6.5 -1.2 Davis Polk & Wardwell LLP 16 13.7 214,551 77 16 16.2 -2.6 Fangda Partners 17 4.4 68,695 38 73 0.9 3.5 Goodwin Procter LLP 16 1.8 27,892 77 76 1.8 0.0 Freshfields Bruckhaus Deringer LLP 18 3.6 56,735 82 5 13.1 -9.5 Norton Rose Fulbright LLP 16 1.1 17,358 77 17 2.7 -1.6 Wilson Sonsini Goodrich & Rosati PC 19 3.5 54,957 65 24 4.9 -1.4 Sullivan & Cromwell LLP 19 15.5 242,758 74 28 16.5 -1.0 Anderson Mori & Tomotsune 20 3.3 51,612 58 63 1.1 2.2 King & Wood Mallesons 19 3.0 47,428 74 26 9.4 -6.4 TOTAL 1,568,941 18,868 1,772,031 TOTAL 1,568,941 18,868 1,772,031

Global Announced Deals- Principals (By Volume) 01/01/2016 - 06/30/2016 Global Announced Deals- Principals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 15.9 185,008 44 6 11.9 4.0 Jones Day 1 9.4 109,970 233 1 3.4 6.0 Simpson Thacher & Bartlett LLP 2 14.5 168,491 59 22 5.5 9.0 Latham & Watkins LLP 2 7.9 92,376 171 3 12.8 -4.9 Davis Polk & Wardwell LLP 3 12.1 140,417 62 13 7.7 4.3 Kirkland & Ellis LLP 3 7.8 90,499 152 2 11.5 -3.7 Osler Hoskin & Harcourt LLP 4 10.7 125,050 47 47 2.1 8.6 Baker & McKenzie LLP 4 1.9 22,241 124 5 4.4 -2.5 Skadden Arps Slate Meagher & Flom LLP 5 10.2 119,162 96 1 22.5 -12.2 CMS Legal Services EEIG 5 0.3 3,810 114 7 1.1 -0.8 Sullivan & Cromwell LLP 6 10.1 117,309 51 3 13.2 -3.1 Allen & Overy LLP 6 7.8 90,328 113 6 4.3 3.4 Jones Day 7 9.4 109,970 233 30 3.4 6.0 Hogan Lovells US LLP 7 4.2 48,316 110 10 3.1 1.0 Stikeman Elliott LLP 8 8.9 103,474 72 19 6.2 2.7 DLA Piper LLP 7 1.2 13,469 110 11 1.0 0.2 Latham & Watkins LLP 9 7.9 92,376 171 4 12.8 -4.9 White & Case LLP 9 7.2 83,821 109 13 3.5 3.8 Kirkland & Ellis LLP 10 7.8 90,499 152 8 11.5 -3.7 Morgan Lewis & Bockius LLP 10 2.3 27,160 103 19 1.6 0.8 Allen & Overy LLP 11 7.8 90,328 113 25 4.3 3.4 Skadden Arps Slate Meagher & Flom LLP 11 10.2 119,162 96 4 22.5 -12.2 White & Case LLP 12 7.2 83,821 109 29 3.5 3.8 Linklaters LLP 12 3.8 44,716 93 9 7.9 -4.1 Weil Gotshal & Manges LLP 13 6.9 80,844 88 15 7.7 -0.8 Clifford Chance LLP 13 1.8 21,076 91 8 4.2 -2.4 Gibson Dunn & Crutcher LLP 14 5.9 69,226 64 31 3.4 2.6 Weil Gotshal & Manges LLP 14 6.9 80,844 88 12 7.7 -0.8 Cravath Swaine & Moore LLP 15 5.9 69,220 23 5 12.7 -6.8 Freshfields Bruckhaus Deringer LLP 15 4.9 56,513 81 15 15.9 -11.0 Fangda Partners 16 5.9 68,695 38 68 1.1 4.9 Goodwin Procter LLP 16 1.9 21,700 75 75 0.9 1.0 Cleary Gottlieb Steen & Hamilton LLP 17 5.1 59,341 33 49 1.9 3.2 Norton Rose Fulbright LLP 16 1.5 16,902 75 16 3.1 -1.7 Freshfields Bruckhaus Deringer LLP 18 4.9 56,513 81 2 15.9 -11.0 King & Wood Mallesons 18 4.1 47,428 74 26 11.6 -7.5 Wilson Sonsini Goodrich & Rosati PC 19 4.7 54,957 65 20 6.0 -1.3 Stikeman Elliott LLP 19 8.9 103,474 72 14 6.2 2.7 Anderson Mori & Tomotsune 20 4.4 51,612 58 57 1.4 3.1 Mori Hamada & Matsumoto 19 2.3 26,416 72 17 1.6 0.7 TOTAL 1,164,663 4,454 1,440,555 TOTAL 1,164,663 4,454 1,440,555

4 Cross Border Announced Deals (By Volume) 01/01/2016 - 06/30/2016 Global Private Equity Deals (By Volume) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 Cravath Swaine & Moore LLP 1 23.1 159,434 11 5 16.1 6.9 Skadden Arps Slate Meagher & Flom LLP 1 13.0 43,665 36 2 13.3 -0.4 White & Case LLP 2 22.4 155,094 89 24 4.8 17.6 Simpson Thacher & Bartlett LLP 2 11.2 37,713 41 4 11.0 0.2 Simpson Thacher & Bartlett LLP 3 15.4 106,540 42 14 8.3 7.1 Kirkland & Ellis LLP 3 9.4 31,727 103 3 11.8 -2.4 Sullivan & Cromwell LLP 4 13.4 92,450 27 9 13.4 -0.1 Latham & Watkins LLP 4 8.1 27,080 77 6 9.5 -1.5 Osler Hoskin & Harcourt LLP 5 13.1 90,335 24 73 0.9 12.2 Osler Hoskin & Harcourt LLP 5 7.8 26,118 11 81 0.7 7.1 Stikeman Elliott LLP 6 12.5 86,196 40 28 4.5 8.0 Sullivan & Cromwell LLP 6 6.9 23,019 20 8 8.4 -1.6 Wachtell Lipton Rosen & Katz 7 12.1 83,386 15 36 2.8 9.3 Paul Weiss Rifkind Wharton & Garrison LLP 7 6.5 21,834 33 23 4.1 2.4 Allen & Overy LLP 8 11.6 80,153 84 16 7.5 4.1 Jones Day 8 6.4 21,370 108 25 4.0 2.4 Skadden Arps Slate Meagher & Flom LLP 9 11.1 76,843 48 4 16.3 -5.2 O'Melveny & Myers LLP 9 5.8 19,320 26 17 5.3 0.4 Davis Polk & Wardwell LLP 10 11.0 76,147 33 11 11.8 -0.8 King & Wood Mallesons 10 5.3 17,843 22 11 7.4 -2.1 Jones Day 11 9.8 68,028 112 37 2.6 7.2 Davis Polk & Wardwell LLP 11 5.0 16,929 24 1 13.5 -8.5 Fangda Partners 12 9.2 63,608 25 48 1.8 7.4 Freshfields Bruckhaus Deringer LLP 12 4.9 16,455 39 16 5.4 -0.5 Cleary Gottlieb Steen & Hamilton LLP 13 8.9 61,561 22 31 4.1 4.8 Herbert Smith Freehills LLP 13 4.6 15,497 21 44 2.2 2.4 Kirkland & Ellis LLP 14 8.5 58,537 54 29 4.5 4.0 Wilson Sonsini Goodrich & Rosati PC 14 4.3 14,456 26 12 7.0 -2.7 Baer & Karrer AG 15 7.0 48,052 2 304 - 7.0 Weil Gotshal & Manges LLP 15 4.3 14,298 50 5 9.9 -5.6 Slaughter and May 16 6.7 46,165 14 2 16.6 -9.9 White & Case LLP 16 4.1 13,823 41 24 4.0 0.1 Freshfields Bruckhaus Deringer LLP 17 6.5 44,667 59 1 22.6 -16.1 Morris Nichols Arsht & Tunnell LLP 17 4.1 13,638 2 - - 4.1 Anderson Mori & Tomotsune 18 6.4 44,411 12 218 0.0 6.4 Allens 18 3.9 13,143 9 86 0.6 3.3 Latham & Watkins LLP 19 6.4 44,314 76 6 15.5 -9.1 Cahill Gordon & Reindel LLP 19 3.7 12,304 1 87 0.6 3.1 Ropes & Gray LLP 20 5.7 39,363 10 34 3.0 2.7 Davies Ward Phillips & Vineberg LLP 19 3.7 12,304 4 18 5.3 -1.6 TOTAL 691,612 7,020 707,283 TOTAL 336,140 5,407 367,290

5 Americas M&A Regional Review Americas M&A: Country Breakdown Amount % YoY • Deal activity based in the Americas reached a volume of $964.2 billion in 1H2016, representing a 10.2% Country (Bln.) % of Total Change decrease compared to the same period last year. The US contributed 89.8% to the region’s total, and United States $739.1 90.0% -7.4% continues to be the most targeted country in M&A transactions. Canada $42.1 5.1% 24.0% • Private equity activity in 1H2016 for Americas-based targets decreased 6.1% from the same period last Chile $14.5 1.8% 312.1% year to $187.6 billion. US-based targets were the most sought after for private equity buyouts with Brazil $8.7 1.1% -26.4% $56.3 billion in transactions. Apollo Global Management LLC’s purchase of The ADT Corp was the largest buyout for the period. Colombia $5.6 0.7% 1394.2% • Microsoft Corp’s announced acquisition of LinkedIn Corp for $24.4 billion was the largest deal within Mexico $3.9 0.5% -55.6% the technology sector this year. The deal hosts a TV/EBITDA of 84.4x, the most expensive multiple for British Virgin Islands $2.7 0.3% -25.2% any takeover valued over $5 billion seen this year. Bermuda $0.0 0.0% -98.9%

Americas M&A: Highlights of 1H 2016 Americas M&A: Industry Breakdown Total Value Amount % YoY Summary Date Target Acquirer Seller (Mln.) Industry (Bln.) % of Total Change Number of deals 8,346 Consumer Non-cyclical $192.0 23.3% -21.3% 5/18/2016 Monsanto Co Bayer AG - $61,697.8 Volume (Bln.) $820.9 Financial $125.1 15.2% -25.0% Avg Deal Size (Mln.) $98.4 Basic Materials $97.8 11.9% 372.6% 1/11/2016 Baxalta Inc Shire PLC - $35,563.4 Consumer Cyclical $93.8 11.4% 106.4% Top Adviser Communications $80.7 9.8% -39.0% 4/28/2016 St Jude Medical Inc Abbott Laboratories - $30,108.2 Sullivan & Cromwell LLP Technology $70.0 8.5% -32.9% Number of deals 58 Energy $61.8 7.5% -20.3% 1/25/2016 Johnson Controls Inc Tyco International Plc - $28,667.3

Volume (Bln.) $227.5 Utilities $60.7 7.4% 426.3% Global M&A Review | 1H 2016 Avg Deal Size (Bln.) $3.9 Industrial $42.0 5.1% -35.6% 6/13/2016 LinkedIn Corp Microsoft Corp - $24,379.9 Diversified $1.5 0.2% -15.0%

Americas M&A: Quarterly Volume Americas M&A: Deal Type Breakdown Amount % Change % Change $800 6,000 Deal Type (Bln.) Deal Count Volume $700 5,000 Company Takeover $616.3 4.5% 1.8% $600 Cross Border $322.3 7.0% 55.6% 4,000 $500 Private Equity $187.3 0.1% -6.3% $400 3,000 Asset Sale $120.6 8.8% -19.7% $300 2,000 Tender Offer $87.6 -26.5% 15.4% $200 1,000 Venture Capital $31.2 -9.6% -9.4% $100 Spin-off $6.4 -30.9% -66.5% $0 0 2011 Q2 2012 Q2 2013 Q2 2014 Q2 2015 Q2 2016 Q2 Minority Purchase $51.3 -3.2% -26.6% Majority Purchase $17.5 -17.3% 5.9% Volume (Bln.) Deal Count

Quarterly Volume represents any involvement (target, seller, or acquirer). 6 US Announced Deals (By Volume) 01/01/2016 - 06/30/2016 US Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 Sullivan & Cromwell LLP 1 26.9 232,601 63 3 26.8 0.1 Jones Day 1 11.4 98,812 177 1 4.1 7.3 White & Case LLP 2 24.6 213,109 75 6 16.4 8.2 Kirkland & Ellis LLP 2 13.0 112,483 147 2 16.6 -3.6 Wachtell Lipton Rosen & Katz 3 21.1 182,893 43 7 16.0 5.1 Latham & Watkins LLP 3 10.2 88,543 146 3 23.2 -12.9 Skadden Arps Slate Meagher & Flom LLP 4 18.7 161,604 92 1 28.7 -10.0 Morgan Lewis & Bockius LLP 4 3.0 26,067 95 12 1.2 1.9 Davis Polk & Wardwell LLP 5 18.1 156,636 64 2 28.0 -9.9 Skadden Arps Slate Meagher & Flom LLP 5 18.7 161,604 92 4 28.7 -10.0 Cravath Swaine & Moore LLP 6 17.7 153,500 33 11 12.2 5.6 DLA Piper LLP 6 1.4 11,803 90 11 7.3 -6.0 Simpson Thacher & Bartlett LLP 7 16.4 142,139 57 9 13.8 2.6 Goodwin Procter LLP 7 3.2 27,812 76 49 3.3 -0.1 Kirkland & Ellis LLP 8 13.0 112,483 147 5 16.6 -3.6 White & Case LLP 8 24.6 213,109 75 5 16.4 8.2 Cleary Gottlieb Steen & Hamilton LLP 9 12.9 111,586 33 20 6.9 6.0 Weil Gotshal & Manges LLP 9 9.2 79,519 72 6 11.4 -2.3 Jones Day 10 11.4 98,812 177 32 4.1 7.3 Hogan Lovells US LLP 10 5.0 43,468 70 7 4.2 0.9 Gibson Dunn & Crutcher LLP 11 11.3 97,907 60 15 7.6 3.7 Davis Polk & Wardwell LLP 11 18.1 156,636 64 10 28.0 -9.9 Stikeman Elliott LLP 12 10.9 93,963 33 51 2.1 8.8 Wilson Sonsini Goodrich & Rosati PC 11 6.3 54,263 64 9 8.6 -2.3 Latham & Watkins LLP 13 10.2 88,543 146 4 23.2 -12.9 Sidley Austin LLP 11 3.0 26,079 64 27 4.8 -1.8 Osler Hoskin & Harcourt LLP 14 9.3 80,164 23 34 4.0 5.3 Sullivan & Cromwell LLP 14 26.9 232,601 63 18 26.8 0.1 Weil Gotshal & Manges LLP 15 9.2 79,519 72 12 11.4 -2.3 Paul Weiss Rifkind Wharton & Garrison LLP 15 4.1 35,053 62 14 13.8 -9.8 Allen & Overy LLP 16 8.6 74,809 30 50 2.2 6.5 Gibson Dunn & Crutcher LLP 16 11.3 97,907 60 25 7.6 3.7 Wilson Sonsini Goodrich & Rosati PC 17 6.3 54,263 64 14 8.6 -2.3 Simpson Thacher & Bartlett LLP 17 16.4 142,139 57 20 13.8 2.6 Ropes & Gray LLP 18 5.6 48,741 32 22 5.7 -0.1 Cooley LLP 17 1.7 14,604 57 13 0.8 0.9 Fried Frank Harris Shriver & Jacobson LLP 19 5.2 44,925 35 8 15.5 -10.4 O'Melveny & Myers LLP 19 3.0 25,561 44 16 2.8 0.2 Morris Nichols Arsht & Tunnell LLP 20 5.1 44,056 9 - - 5.1 Wachtell Lipton Rosen & Katz 20 21.1 182,893 43 20 16.0 5.1 TOTAL 865,839 8,809 977,268 TOTAL 865,839 8,809 977,268

US Announced Deals- Principals (By Volume) 01/01/2016 - 06/30/2016 US Announced Deals- Principals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 24.6 182,570 42 5 18.0 6.6 Jones Day 1 13.3 98,451 176 1 4.4 8.9 Simpson Thacher & Bartlett LLP 2 15.2 112,759 50 14 7.6 7.7 Kirkland & Ellis LLP 2 12.0 89,266 144 2 18.7 -6.6 Skadden Arps Slate Meagher & Flom LLP 3 15.0 110,912 84 1 28.4 -13.5 Latham & Watkins LLP 3 11.6 86,179 139 3 19.3 -7.7 Sullivan & Cromwell LLP 4 14.5 107,398 41 2 20.2 -5.7 Morgan Lewis & Bockius LLP 4 3.5 25,633 93 9 1.3 2.2 Jones Day 5 13.3 98,451 176 27 4.4 8.9 DLA Piper LLP 5 1.6 11,803 90 9 1.1 0.5 Stikeman Elliott LLP 6 12.7 93,963 33 46 2.2 10.5 Skadden Arps Slate Meagher & Flom LLP 6 15.0 110,912 84 4 28.4 -13.5 Kirkland & Ellis LLP 7 12.0 89,266 144 4 18.7 -6.6 Goodwin Procter LLP 7 2.9 21,620 74 46 1.4 1.5 Latham & Watkins LLP 8 11.6 86,179 139 3 19.3 -7.7 Hogan Lovells US LLP 8 5.9 43,468 70 6 4.7 1.2 Davis Polk & Wardwell LLP 9 11.1 82,501 49 7 12.2 -1.1 Weil Gotshal & Manges LLP 9 10.4 76,947 69 5 12.4 -2.1 Weil Gotshal & Manges LLP 10 10.4 76,947 69 6 12.4 -2.1 Wilson Sonsini Goodrich & Rosati PC 10 7.3 54,263 64 8 9.6 -2.3 Allen & Overy LLP 11 10.1 74,809 30 44 2.4 7.7 Sidley Austin LLP 11 2.9 21,428 63 25 3.9 -1.0 Cravath Swaine & Moore LLP 12 9.3 69,220 23 10 10.5 -1.2 Paul Weiss Rifkind Wharton & Garrison LLP 12 4.5 33,353 60 14 12.0 -7.5 Osler Hoskin & Harcourt LLP 13 9.2 68,462 21 36 3.0 6.3 Cooley LLP 13 2.0 14,604 57 11 0.9 1.1 Gibson Dunn & Crutcher LLP 14 9.1 67,673 55 16 5.5 3.6 Gibson Dunn & Crutcher LLP 14 9.1 67,673 55 25 5.5 3.6 White & Case LLP 15 8.9 65,702 49 19 5.3 3.5 Simpson Thacher & Bartlett LLP 15 15.2 112,759 50 25 7.6 7.7 Cleary Gottlieb Steen & Hamilton LLP 16 7.7 57,128 25 37 3.0 4.7 Davis Polk & Wardwell LLP 16 11.1 82,501 49 21 12.2 -1.1 Wilson Sonsini Goodrich & Rosati PC 17 7.3 54,263 64 11 9.6 -2.3 White & Case LLP 16 8.9 65,702 49 12 5.3 3.5 Ropes & Gray LLP 18 6.6 48,741 32 15 6.4 0.2 O'Melveny & Myers LLP 18 3.4 24,976 43 21 1.8 1.6 Morris Nichols Arsht & Tunnell LLP 19 5.9 44,056 9 - - 5.9 Paul Hastings LLP 18 0.8 6,223 43 17 1.4 -0.6 Hogan Lovells US LLP 20 5.9 43,468 70 23 4.7 1.2 Wachtell Lipton Rosen & Katz 20 24.6 182,570 42 17 18.0 6.6 TOTAL 741,472 2,230 868,940 TOTAL 741,472 2,230 868,940

7 Canada Announced Deals (By Volume) 01/01/2016 - 06/30/2016 Canada Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Osler Hoskin & Harcourt LLP 1 31.5 42,289 37 3 14.8 16.7 Stikeman Elliott LLP 1 22.5 30,141 64 1 9.5 12.9 Simpson Thacher & Bartlett LLP 2 27.4 36,757 8 64 0.8 26.6 Blake Cassels & Graydon LLP 2 25.4 34,084 47 5 12.1 13.3 Blake Cassels & Graydon LLP 3 25.4 34,084 47 5 12.1 13.3 Miller Thomson LLP 3 0.2 209 43 32 0.2 -0.1 Skadden Arps Slate Meagher & Flom LLP 4 22.9 30,809 8 31 4.2 18.8 Osler Hoskin & Harcourt LLP 4 31.5 42,289 37 2 14.8 16.7 Stikeman Elliott LLP 5 22.5 30,141 64 12 9.5 12.9 McCarthy Tetrault LLP 5 5.7 7,701 30 3 20.1 -14.4 White & Case LLP 6 21.9 29,403 10 15 8.2 13.7 Davies Ward Phillips & Vineberg LLP 6 19.0 25,463 18 6 13.7 5.3 Davies Ward Phillips & Vineberg LLP 7 19.0 25,463 18 4 13.7 5.3 Bennett Jones LLP 7 17.8 23,902 17 11 3.8 14.0 Bennett Jones LLP 8 17.8 23,902 17 33 3.8 14.0 Borden Ladner Gervais LLP 8 2.1 2,854 16 9 2.1 0.0 Jones Day 9 17.4 23,371 12 43 2.3 15.1 Fasken Martineau DuMoulin LLP 8 1.6 2,174 16 8 3.2 -1.6 Mayer Brown LLP 10 11.8 15,859 2 39 2.6 9.2 Torys LLP 10 5.7 7,643 15 7 32.7 -27.0 Sullivan & Cromwell LLP 11 9.8 13,179 7 16 8.2 1.7 Dentons 11 3.6 4,820 13 17 5.0 -1.4 Allens 12 9.3 12,537 4 44 2.2 7.2 Jones Day 12 17.4 23,371 12 21 2.3 15.1 King & Wood Mallesons 13 9.2 12,316 4 18 7.4 1.8 Gowling WLG International Ltd 13 0.3 382 11 - - 0.3 Kirkland & Ellis LLP 14 9.2 12,313 10 46 1.9 7.2 White & Case LLP 14 21.9 29,403 10 32 8.2 13.7 Herbert Smith Freehills LLP 15 9.1 12,244 6 19 6.6 2.5 Kirkland & Ellis LLP 14 9.2 12,313 10 20 1.9 7.2 Weil Gotshal & Manges LLP 16 8.8 11,814 7 13 9.3 -0.5 Norton Rose Fulbright LLP 14 3.0 4,021 10 10 7.7 -4.7 Latham & Watkins LLP 17 6.4 8,536 7 37 2.9 3.4 Morgan Lewis & Bockius LLP 14 0.1 170 10 21 1.6 -1.5 Locke Lord LLP PAC 18 5.8 7,815 1 - - 5.8 Sidley Austin LLP 18 4.8 6,388 9 30 10.3 -5.5 McCarthy Tetrault LLP 19 5.7 7,701 30 2 20.1 -14.4 Simpson Thacher & Bartlett LLP 19 27.4 36,757 8 38 0.8 26.6 Torys LLP 20 5.7 7,643 15 1 32.7 -27.0 Skadden Arps Slate Meagher & Flom LLP 19 22.9 30,809 8 46 4.2 18.8 TOTAL 134,279 1,423 122,233 TOTAL 134,279 1,423 122,233

Brazil Announced Deals (By Volume) 01/01/2016 - 06/30/2016 Brazil Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 Pinheiro Neto Advogados 1 26.7 3,434 18 7 7.3 19.4 Pinheiro Neto Advogados 1 26.7 3,434 18 1 7.3 19.4 Baker & McKenzie LLP 2 14.3 1,839 3 16 1.4 12.9 Tozzini Freire Teixeira E Silva 2 1.9 237 15 6 2.4 -0.5 Osler Hoskin & Harcourt LLP 3 11.7 1,500 1 - - 11.7 Mattos Filho Veiga Filho Marrey Jr e Quiroga Advoga 3 5.6 719 11 2 29.0 -23.4 King & Wood Mallesons 3 11.7 1,500 1 - - 11.7 Barbosa Mussnich & Aragao 4 8.9 1,146 9 3 13.6 -4.7 Skadden Arps Slate Meagher & Flom LLP 5 10.5 1,343 2 3 27.9 -17.5 Souza Cescon Barrieu & Flesch Advogados 4 4.4 559 9 4 3.1 1.2 Cravath Swaine & Moore LLP 5 10.5 1,343 1 - - 10.5 Machado Meyer Sendacz e Opice Advogados 6 0.6 79 7 5 2.4 -1.8 Barbosa Mussnich & Aragao 7 8.9 1,146 9 6 13.6 -4.7 Veirano Advogados 7 2.0 257 6 8 1.1 0.9 Davis Polk & Wardwell LLP 8 7.9 1,012 1 - - 7.9 Lefosse Advogados 8 1.3 169 4 12 3.3 -2.0 Bracewell LLP 8 7.9 1,012 1 - - 7.9 Stocche Forbes Padis Filizzola e Clapis Advogados 8 0.1 13 4 14 0.4 -0.3 Mattos Filho Veiga Filho Marrey Jr e Quiroga Advoga 10 5.6 719 11 2 29.0 -23.4 Baker & McKenzie LLP 10 14.3 1,839 3 14 1.4 12.9 Souza Cescon Barrieu & Flesch Advogados 11 4.4 559 9 12 3.1 1.2 Allen & Overy LLP 10 0.6 72 3 12 0.7 -0.2 Mayer Brown LLP 12 3.8 494 2 18 1.3 2.6 Azevedo Sette Advogados 10 0.3 32 3 9 - 0.3 Chadbourne & Parke LLP 13 3.8 490 1 - - 3.8 Lobo & Rizzo Advogados 10 0.0 4 3 10 1.3 -1.3 Sidley Austin LLP 14 3.5 450 1 24 0.6 3.0 Skadden Arps Slate Meagher & Flom LLP 14 10.5 1,343 2 11 27.9 -17.5 JunHe LLP 15 2.3 290 1 - - 2.3 Mayer Brown LLP 14 3.8 494 2 23 1.3 2.6 Veirano Advogados 16 2.0 257 6 20 1.1 0.9 Cleary Gottlieb Steen & Hamilton LLP 14 1.5 198 2 - - 1.5 Tozzini Freire Teixeira E Silva 17 1.9 237 15 14 2.4 -0.5 Demarest Advogados 14 1.3 169 2 6 3.4 -2.1 Cleary Gottlieb Steen & Hamilton LLP 18 1.5 198 2 - - 1.5 Blake Cassels & Graydon LLP 14 0.9 114 2 23 1.3 -0.4 Bredin Prat 19 1.5 195 1 32 0.1 1.4 Jones Day 14 - - 2 14 1.0 -1.0 Lefosse Advogados 20 1.3 169 4 11 3.3 -2.0 Cuatrecasas Goncalves Pereira SLP 14 - - 2 - - - TOTAL 12,851 200 18,120 TOTAL 12,851 200 18,120

8 EMEA M&A Regional Review EMEA M&A: Country Breakdown Amount % YoY • Deal volume for EMEA-based targets decreased to $315.3 billion in 1H2016, down 25.2% from $421.3 Country (Bln.) % of Total Change billion in 1H2015. Deal count increased marginally to 5,060 deals. United Kingdom $67.7 21.5% -65.5% • United Kingdom, France, and Germany remained EMEA’s most acquisitive regions by volume. Deal Switzerland $57.2 18.1% 279.0% volume from these countries increased 85.4% to $226.4 billion, representing 59.7% of the region’s acquisitions. In 1H2015, the same countries accounted for $122.0 billion in acquisitions, about half of France $30.4 9.7% -20.9% the volume seen in 1H2016. Germany $29.5 9.4% -1.0% • Deals involving EMEA-based parties exceeding $1.0 billion in value accounted for 65.5% of total deal Spain $19.0 6.0% 39.2% volume in 1H2016. The majority of announced premiums for these deals resided in the range of 30.0% Italy $13.7 4.4% -44.3% and 40.0%. Finland $12.8 4.1% 58.2% Netherlands $12.8 4.0% -11.6%

EMEA M&A Highlights of 1H 2016 EMEA M&A: Industry Breakdown Total Value Amount % YoY Summary Date Target Acquirer Seller (Mln.) Industry (Bln.) % of Total Change Number of deals 5,060 China National Chemical Financial $78.0 24.6% -5.0% 2/3/2016 Syngenta AG - $46,311.7 Volume (Bln.) $315.3 Corp Basic Materials $54.6 17.2% 831.6% Avg Deal Size (Mln.) $62.3 Consumer Non-cyclical $50.6 15.9% 0.5% 2/23/2016 London Stock Exchange Group PLC Deutsche Boerse AG - $13,809.8 Industrial $36.1 11.4% -34.3% Top Adviser Consumer Cyclical $28.7 9.1% -33.9% 2/10/2016 Meda AB Mylan NV - $9,896.8 White & Case LLP Technology $23.0 7.2% 53.7% Number of deals 74 Communications $19.0 6.0% -67.6% 6/21/2016 Supercell Oy Tencent Holdings Ltd Multiple Sellers $8,600.0

Volume (Bln.) $79.7 Energy $16.0 5.1% -83.1% Global M&A Review | 1H 2016 Avg Deal Size (Bln.) $1.0 Fomento de Construcciones y Inmobiliaria Carso SA de Utilities $6.1 1.9% -42.6% 3/4/2016 - $8,337.9 Contratas SA CV Diversified $5.0 1.6% -19.5%

EMEA M&A: Quarterly Volume EMEA M&A: Deal Type Breakdown Amount % Change % Change $500 4,000 Deal Type (Bln.) Deal Count Volume $400 Company Takeover $183.0 -0.3% -34.5% 3,000 Cross Border $229.9 1.4% -35.7% $300 Private Equity $74.8 3.7% -27.4% 2,000 $200 Asset Sale $64.0 -8.4% -7.7% Tender Offer $94.7 16.2% 91.5% 1,000 $100 Venture Capital $7.3 14.9% -4.9% Spin-off $10.1 122.2% 252.8% $0 0 2011 Q2 2012 Q2 2013 Q2 2014 Q2 2015 Q2 2016 Q2 Minority Purchase $26.4 7.8% -9.3% Majority Purchase $24.8 -1.6% -30.5% Volume (Bln.) Deal Count

Quarterly Volume represents any involvement (target, seller, or acquirer). 9 Europe Announced Deals (By Volume) 01/01/2016 - 06/30/2016 Europe Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 Cravath Swaine & Moore LLP 1 32.0 158,782 8 4 19.3 12.7 CMS Legal Services EEIG 1 0.7 3,643 112 1 3.2 -2.4 White & Case LLP 2 23.4 116,077 78 17 6.9 16.5 Jones Day 2 9.3 46,011 108 5 2.5 6.8 Allen & Overy LLP 3 15.6 77,612 94 13 9.8 5.9 Allen & Overy LLP 3 15.6 77,612 94 2 9.8 5.9 Wachtell Lipton Rosen & Katz 4 14.8 73,469 11 27 3.7 11.1 Linklaters LLP 4 6.6 32,718 87 4 13.5 -6.9 Sullivan & Cromwell LLP 5 14.5 72,061 16 14 9.3 5.2 White & Case LLP 5 23.4 116,077 78 7 6.9 16.5 Stikeman Elliott LLP 6 12.9 63,990 11 21 5.2 7.7 Clifford Chance LLP 6 2.9 14,603 76 3 7.8 -4.8 Davis Polk & Wardwell LLP 7 12.5 61,838 19 12 10.4 2.1 Baker & McKenzie LLP 7 1.9 9,319 75 6 5.7 -3.8 Cleary Gottlieb Steen & Hamilton LLP 8 11.4 56,670 23 26 3.7 7.7 Freshfields Bruckhaus Deringer LLP 8 9.6 47,835 66 9 28.9 -19.2 Simpson Thacher & Bartlett LLP 9 10.3 51,200 21 15 8.7 1.6 Latham & Watkins LLP 9 6.6 32,699 64 8 11.9 -5.4 Fangda Partners 10 10.2 50,590 11 208 0.0 10.2 Hogan Lovells US LLP 10 1.1 5,257 53 10 2.3 -1.3 Osler Hoskin & Harcourt LLP 11 9.9 49,091 5 67 0.9 9.0 Dentons 11 0.4 1,948 51 14 0.6 -0.2 Baer & Karrer AG 12 9.7 48,052 2 263 - 9.7 Cuatrecasas Goncalves Pereira SLP 12 0.4 1,886 47 11 0.3 0.1 Freshfields Bruckhaus Deringer LLP 13 9.6 47,835 66 1 28.9 -19.2 Kirkland & Ellis LLP 13 8.7 43,253 38 35 2.2 6.5 Slaughter and May 14 9.6 47,615 14 2 22.6 -13.0 Skadden Arps Slate Meagher & Flom LLP 14 5.7 28,126 36 16 13.7 -8.1 Jones Day 15 9.3 46,011 108 35 2.5 6.8 Ashurst LLP 15 0.9 4,396 33 19 18.4 -17.5 Anderson Mori & Tomotsune 16 8.9 44,163 3 33 3.1 5.8 Hengeler Mueller 16 1.9 9,479 32 26 1.0 1.0 Kirkland & Ellis LLP 17 8.7 43,253 38 41 2.2 6.5 Noerr LLP 16 0.4 1,764 32 27 0.8 -0.5 Ropes & Gray LLP 18 7.8 38,633 8 28 3.5 4.3 Loyens & Loeff NV 18 0.4 2,182 31 21 1.1 -0.7 Linklaters LLP 19 6.6 32,718 87 10 13.5 -6.9 Norton Rose Fulbright LLP 18 0.3 1,342 31 17 1.2 -0.9 Latham & Watkins LLP 20 6.6 32,699 64 11 11.9 -5.4 Weil Gotshal & Manges LLP 20 1.8 8,871 29 13 2.3 -0.5 TOTAL 496,486 5,919 515,667 TOTAL 496,486 5,919 515,667

Europe Announced Deals- Principals (By Volume) 01/01/2016 - 06/30/2016 Europe Announced Deals- Principals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Allen & Overy LLP 1 19.8 77,612 94 10 11.6 8.2 CMS Legal Services EEIG 1 0.9 3,643 112 1 3.8 -2.9 Wachtell Lipton Rosen & Katz 2 18.7 73,469 11 48 1.7 17.1 Jones Day 2 11.7 46,011 108 5 3.0 8.7 Sullivan & Cromwell LLP 3 17.0 66,439 14 18 5.7 11.2 Allen & Overy LLP 3 19.8 77,612 94 2 11.6 8.2 Stikeman Elliott LLP 4 16.3 63,990 11 17 6.3 10.0 Linklaters LLP 4 7.5 29,310 86 4 16.3 -8.8 Davis Polk & Wardwell LLP 5 14.4 56,513 16 20 5.0 9.4 Clifford Chance LLP 5 3.7 14,603 76 3 9.4 -5.7 Simpson Thacher & Bartlett LLP 6 13.0 50,970 20 13 9.3 3.7 Baker & McKenzie LLP 6 2.4 9,319 75 6 6.9 -4.5 Fangda Partners 7 12.9 50,590 11 208 0.0 12.9 White & Case LLP 7 7.2 28,398 70 7 2.1 5.2 Osler Hoskin & Harcourt LLP 8 12.5 49,091 5 62 1.1 11.5 Freshfields Bruckhaus Deringer LLP 8 12.1 47,613 65 9 34.3 -22.2 Cravath Swaine & Moore LLP 9 12.5 48,875 4 4 21.3 -8.8 Latham & Watkins LLP 9 4.3 16,655 60 7 9.5 -5.3 Baer & Karrer AG 10 12.3 48,052 2 263 - 12.3 Hogan Lovells US LLP 10 1.3 5,257 53 10 2.8 -1.5 Slaughter and May 11 12.1 47,615 14 2 27.3 -15.2 Dentons 11 0.5 1,948 51 14 0.8 -0.3 Freshfields Bruckhaus Deringer LLP 12 12.1 47,613 65 1 34.3 -22.2 Cuatrecasas Goncalves Pereira SLP 12 0.5 1,886 47 11 0.4 0.1 Jones Day 13 11.7 46,011 108 29 3.0 8.7 Kirkland & Ellis LLP 13 11.0 43,253 38 34 2.7 8.3 Anderson Mori & Tomotsune 14 11.3 44,163 3 27 3.7 7.6 Skadden Arps Slate Meagher & Flom LLP 14 7.2 28,126 36 16 14.2 -7.0 Kirkland & Ellis LLP 15 11.0 43,253 38 34 2.7 8.3 Hengeler Mueller 15 2.4 9,479 32 26 1.2 1.3 Ropes & Gray LLP 16 9.9 38,633 8 50 1.5 8.4 Noerr LLP 15 0.5 1,764 32 27 1.0 -0.5 Linklaters LLP 17 7.5 29,310 86 8 16.3 -8.8 Ashurst LLP 17 0.8 2,998 31 25 3.4 -2.7 White & Case LLP 18 7.2 28,398 70 39 2.1 5.2 Loyens & Loeff NV 17 0.6 2,182 31 20 1.4 -0.8 Skadden Arps Slate Meagher & Flom LLP 19 7.2 28,126 36 9 14.2 -7.0 Weil Gotshal & Manges LLP 19 2.3 8,871 29 13 2.8 -0.6 Allens 20 4.8 18,846 12 6 19.0 -14.2 Norton Rose Fulbright LLP 19 0.2 886 29 17 1.0 -0.7 TOTAL 392,069 1,830 426,702 TOTAL 392,069 1,830 426,702

10 UK Announced Deals (By Volume) 01/01/2016 - 06/30/2016 UK Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Freshfields Bruckhaus Deringer LLP 1 30.8 34,810 38 1 48.3 -17.5 CMS Legal Services EEIG 1 1.5 1,648 41 2 1.5 0.0 Latham & Watkins LLP 2 16.0 18,075 24 19 3.9 12.1 Freshfields Bruckhaus Deringer LLP 2 30.8 34,810 38 5 48.3 -17.5 Linklaters LLP 3 15.1 17,053 35 9 11.8 3.3 Linklaters LLP 3 15.1 17,053 35 3 11.8 3.3 Herbert Smith Freehills LLP 4 14.6 16,492 17 12 8.1 6.5 Clifford Chance LLP 4 3.4 3,809 34 1 11.2 -7.8 Allens 5 13.0 14,654 6 4 31.1 -18.2 Jones Day 4 2.0 2,312 34 7 1.5 0.5 Skadden Arps Slate Meagher & Flom LLP 6 8.2 9,226 13 11 8.5 -0.3 Allen & Overy LLP 6 7.3 8,237 25 4 6.8 0.5 Davis Polk & Wardwell LLP 7 7.7 8,730 7 15 5.8 1.9 Travers Smith 6 1.7 1,888 25 8 4.4 -2.7 Allen & Overy LLP 8 7.3 8,237 25 14 6.8 0.5 Latham & Watkins LLP 8 16.0 18,075 24 13 3.9 12.1 Baker & McKenzie LLP 9 5.7 6,402 16 13 7.9 -2.2 Squire Patton Boggs US LLP 8 0.4 473 24 6 0.5 -0.1 Shearman & Sterling LLP 10 5.7 6,392 8 20 3.7 1.9 Dentons 10 1.1 1,266 21 17 0.5 0.7 White & Case LLP 11 5.0 5,606 19 21 3.3 1.6 White & Case LLP 11 5.0 5,606 19 9 3.3 1.6 Hogan Lovells US LLP 12 3.8 4,308 14 18 4.3 -0.5 Kirkland & Ellis LLP 12 1.0 1,137 18 24 1.9 -0.9 Clifford Chance LLP 13 3.4 3,809 34 10 11.2 -7.8 Herbert Smith Freehills LLP 13 14.6 16,492 17 16 8.1 6.5 Slaughter and May 14 3.1 3,452 11 2 41.5 -38.4 Ashurst LLP 13 2.2 2,482 17 14 34.0 -31.8 Cleary Gottlieb Steen & Hamilton LLP 15 3.0 3,345 3 45 1.1 1.8 Macfarlanes LLP 13 1.3 1,444 17 20 2.1 -0.8 Perez-Llorca 16 2.8 3,149 7 107 0.1 2.7 Baker & McKenzie LLP 16 5.7 6,402 16 22 7.9 -2.2 Stocche Forbes Padis Filizzola e Clapis Advogados 17 2.7 3,100 1 - - 2.7 Olswang 17 0.1 113 15 14 0.5 -0.4 Axinn Veltrop & Harkrider LLP 17 2.7 3,100 1 22 3.3 -0.6 Hogan Lovells US LLP 18 3.8 4,308 14 10 4.3 -0.5 Sullivan & Cromwell LLP 19 2.5 2,767 8 26 2.5 0.0 Willkie Farr & Gallagher LLP 18 0.8 875 14 31 0.0 0.7 Osler Hoskin & Harcourt LLP 20 2.4 2,710 2 48 1.1 1.3 Skadden Arps Slate Meagher & Flom LLP 20 8.2 9,226 13 20 8.5 -0.3 TOTAL 113,102 2,298 258,622 TOTAL 113,102 2,298 258,622

Germany Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 France Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 Legal Services EEIG 1 1.4 1,857 34 1 1.8 -0.4 Jones Day 1 1.2 859 34 3 0.9 0.3 Noerr LLP 2 0.6 732 27 5 8.9 -8.4 Linklaters LLP 2 13.2 9,370 28 9 16.9 -3.8 Hengeler Mueller 3 4.0 5,339 26 2 9.5 -5.5 CMS Legal Services EEIG 3 - - 26 1 0.1 -0.1 White & Case LLP 4 4.4 5,818 22 13 4.4 - Allen & Overy LLP 4 2.5 1,784 21 7 7.2 -4.7 Freshfields Bruckhaus Deringer LLP 5 16.6 22,001 20 4 9.2 7.4 Latham & Watkins LLP 5 11.7 8,302 20 2 32.7 -21.0 Allen & Overy LLP 6 48.7 64,517 18 8 11.6 37.1 De Pardieu Brocas Maffei 6 2.7 1,896 15 27 - 2.7 Linklaters LLP 6 11.8 15,637 18 9 5.0 6.8 Hogan Lovells US LLP 6 0.5 324 15 14 0.2 0.3 Clifford Chance LLP 6 5.9 7,842 18 2 15.3 -9.3 Clifford Chance LLP 8 1.3 896 14 4 7.2 -5.9 Jones Day 6 2.0 2,706 18 7 5.0 -2.9 Dentons 8 0.7 512 14 12 2.1 -1.4 Hogan Lovells US LLP 10 0.3 344 14 11 0.6 -0.3 Bredin Prat 10 7.8 5,582 13 8 11.0 -3.2 Latham & Watkins LLP 11 12.1 15,962 13 6 1.8 10.3 Baker & McKenzie LLP 11 1.0 710 12 5 0.2 0.9 Baker & McKenzie LLP 12 0.2 215 10 12 0.5 -0.4 Willkie Farr & Gallagher LLP 11 0.9 603 12 17 0.6 0.2 Luther Menold Rechtsanwaltsgesellschaft mbH 12 0.1 150 10 - - 0.1 White & Case LLP 13 14.8 10,558 10 14 0.7 14.1 McDermott Will & Emery 14 3.2 4,241 9 42 0.5 2.7 Mayer Brown LLP 13 0.4 273 10 9 7.3 -7.0 Dentons 14 0.1 61 9 17 0.7 -0.6 Freshfields Bruckhaus Deringer LLP 15 3.7 2,641 9 42 11.5 -7.8 Mayer Brown LLP 16 1.3 1,713 8 29 0.3 1.0 Cleary Gottlieb Steen & Hamilton LLP 15 3.3 2,327 9 23 7.8 -4.6 Luther Rechtsanwaltsgesellschaft mbH 16 1.2 1,617 8 9 - 1.2 Skadden Arps Slate Meagher & Flom LLP 17 5.0 3,587 8 14 25.8 -20.8 Sullivan & Cromwell LLP 18 47.9 63,419 6 - - 47.9 Noerr LLP 17 0.8 542 8 32 - 0.8 Milbank Tweed Hadley & McCloy LLP 18 1.3 1,662 6 32 1.0 0.3 King & Wood Mallesons 17 0.3 242 8 53 - 0.3 Paul Hastings LLP 18 0.5 615 6 64 - 0.5 Dechert LLP 20 0.3 215 7 6 0.8 -0.5 TOTAL 132,379 943 46,224 TOTAL 71,269 832 71,930

11 Italy Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 Benelux Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 1.4 275 25 1 0.5 0.8 Allen & Overy LLP 1 15.4 5,778 40 1 16.4 -1.0 Gattai Minoli & Partners 2 4.3 865 12 18 0.6 3.7 Loyens & Loeff NV 2 5.8 2,182 25 3 2.5 3.3 Jones Day 3 7.5 1,518 11 4 6.9 0.6 Houthoff Buruma 3 8.7 3,250 19 5 12.9 -4.2 Legance Studio Legale Associato 4 1.9 389 9 2 7.5 -5.6 NautaDutilh NV 3 6.3 2,358 19 9 3.3 3.0 Hogan Lovells US LLP 5 0.5 94 8 14 0.4 0.0 Stibbe BV 3 4.4 1,640 19 12 0.5 3.9 Baker & McKenzie LLP 6 10.6 2,140 7 6 0.6 10.0 CMS Legal Services EEIG 6 1.0 359 16 2 7.7 -6.7 Clifford Chance LLP 7 8.2 1,657 6 6 1.1 7.1 Linklaters LLP 7 1.8 690 15 7 9.8 -8.0 White & Case LLP 7 1.9 388 6 10 0.3 1.7 Baker & McKenzie LLP 8 2.2 808 14 8 3.3 -1.1 Freshfields Bruckhaus Deringer LLP 9 4.5 907 5 21 18.3 -13.8 Clifford Chance LLP 9 9.4 3,505 12 6 3.4 6.0 Skadden Arps Slate Meagher & Flom LLP 10 6.9 1,390 4 14 20.6 -13.7 White & Case LLP 9 3.6 1,340 12 11 11.0 -7.4 Ashurst LLP 10 0.6 130 4 21 1.8 -1.2 Freshfields Bruckhaus Deringer LLP 11 14.2 5,317 11 13 54.1 -39.9 CMS Legal Services EEIG 10 0.3 55 4 10 - 0.3 De Brauw Blackstone Westbroek NV 12 21.9 8,204 10 3 74.4 -52.5 King & Wood Mallesons 10 0.1 24 4 37 - 0.1 Jones Day 12 7.4 2,762 10 13 0.0 7.3 Latham & Watkins LLP 14 5.5 1,113 3 4 29.0 -23.5 Hogan Lovells US LLP 14 7.8 2,928 7 18 0.3 7.5 DLA Piper LLP 14 4.0 800 3 37 0.1 3.9 Norton Rose Fulbright LLP 14 1.3 489 7 20 0.1 1.3 Houthoff Buruma 14 2.8 569 3 - - 2.8 Dentons 14 0.2 89 7 20 1.1 -0.8 Allen & Overy LLP 14 0.8 169 3 18 3.9 -3.1 Latham & Watkins LLP 17 0.1 40 6 13 11.9 -11.7 Linklaters LLP 14 0.3 67 3 3 25.0 -24.7 Mayer Brown LLP 18 0.9 353 5 20 3.4 -2.4 Dentons 14 - - 3 37 - - Cuatrecasas Goncalves Pereira SLP 18 0.3 107 5 20 0.0 0.3 Weil Gotshal & Manges LLP 20 6.5 1,307 2 21 6.5 -0.1 Sullivan & Cromwell LLP 20 2.8 1,060 4 34 10.7 -7.8 TOTAL 20,231 361 38,761 TOTAL 37,459 676 151,083

Iberia Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 Nordic Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 Goncalves Pereira SLP 1 7.1 1,886 45 1 3.3 3.8 Advokatfirman Vinge KB 1 21.0 12,017 20 3 21.4 -0.4 Uria Menendez Abogados SLP 2 14.7 3,915 25 2 1.5 13.2 Mannheimer Swartling Advokatbyra AB 2 2.2 1,269 16 2 26.5 -24.3 Clifford Chance LLP 3 5.2 1,374 20 5 2.7 2.5 White & Case LLP 3 33.5 19,200 15 6 3.4 30.0 Perez-Llorca 4 2.5 658 13 3 1.4 1.1 CMS Legal Services EEIG 4 1.2 683 14 15 0.1 1.1 Linklaters LLP 5 9.3 2,481 11 3 46.8 -37.5 Allen & Overy LLP 5 3.2 1,848 10 9 3.6 -0.4 CMS Legal Services EEIG 5 3.8 997 11 24 - 3.8 Baker & McKenzie LLP 5 0.2 116 10 10 0.5 -0.3 Rousaud Costas Duran Slp 7 0.1 38 9 9 - 0.1 Hannes Snellman Advokatbyra Ab/FI 7 16.2 9,306 9 4 3.0 13.3 Latham & Watkins LLP 8 7.1 1,884 8 16 10.5 -3.4 Advokatfirmaet Thommessen AS 8 4.7 2,676 8 8 4.4 0.3 Ashurst LLP 9 4.0 1,071 7 12 1.4 2.6 Kirkland & Ellis LLP 9 3.6 2,081 7 50 - 3.6 King & Wood Mallesons 10 3.1 824 6 35 3.8 -0.7 Roschier Advokatbyra AB 9 0.9 540 7 - - 0.9 Hogan Lovells US LLP 10 0.6 159 6 13 0.6 0.0 Dentons 9 0.3 193 7 23 - 0.3 Jones Day 10 0.2 47 6 10 0.6 -0.4 Clifford Chance LLP 12 5.5 3,132 6 21 0.9 4.5 Allen & Overy LLP 13 4.1 1,097 5 7 8.8 -4.7 Freshfields Bruckhaus Deringer LLP 12 2.5 1,435 6 19 6.2 -3.7 Gomez-Acebo & Pombo Abogados SLP 13 0.2 53 5 7 1.5 -1.3 Weil Gotshal & Manges LLP 12 2.4 1,381 6 13 0.4 2.0 Garrigues Abogados 13 0.0 9 5 6 1.6 -1.6 Ellex 12 0.0 22 6 15 1.5 -1.5 Baker & McKenzie LLP 16 0.1 33 4 13 34.4 -34.3 Jones Day 16 2.9 1,665 5 11 1.8 1.1 Freshfields Bruckhaus Deringer LLP 17 7.1 1,884 3 10 44.2 -37.1 Ashurst LLP 16 0.0 25 5 23 0.7 -0.6 Herbert Smith Freehills LLP 17 1.5 393 3 24 39.2 -37.8 Latham & Watkins LLP 18 5.5 3,165 4 15 31.5 -26.0 Khaitan & Co 17 0.0 7 3 24 0.1 -0.1 Mayer Brown LLP 18 3.1 1,760 4 - - 3.1 Watson Farley & Williams LLP 20 0.7 194 2 - - 0.7 Shearman & Sterling LLP 18 2.2 1,275 4 23 - 2.2 TOTAL 26,576 355 45,034 TOTAL 57,347 901 38,229

12 Eastern Europe Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Ellex 1 0.1 33 22 2 0.1 0.1 Dentons 2 1.7 408 16 5 10.2 -8.5 CMS Legal Services EEIG 2 0.4 91 16 1 1.6 -1.2 White & Case LLP 4 1.9 454 15 5 6.1 -4.2 Baker & McKenzie LLP 5 1.3 306 14 2 3.0 -1.7 Allen & Overy LLP 6 2.0 484 12 8 3.8 -1.7 Weil Gotshal & Manges LLP 7 8.5 2,014 11 8 9.9 -1.4 Linklaters LLP 8 0.5 113 9 12 0.3 0.2 Noerr LLP 9 0.0 10 8 26 3.5 -3.4 Hogan Lovells US LLP 10 1.1 264 7 15 0.2 0.9 Attorneys COBALT AS 10 0.1 28 7 7 0.8 -0.7 Norton Rose Fulbright LLP 12 1.4 323 6 20 3.2 -1.9 SORAINEN 12 0.1 33 6 2 0.9 -0.8 Balcioglu Selcuk Akman Keki Avukatlik Ortakligi 14 - - 5 12 2.6 -2.6 Squire Patton Boggs US LLP 15 0.8 184 4 12 0.5 0.3 Clifford Chance LLP 16 1.2 281 3 10 12.8 -11.6 Travers Smith 16 1.1 270 3 30 - 1.1 Freshfields Bruckhaus Deringer LLP 16 0.2 48 3 30 - 0.2 Jones Day 16 - - 3 18 1.3 -1.3 Skadden Arps Slate Meagher & Flom LLP 20 13.9 3,300 2 30 0.8 13.1 TOTAL 23,709 487 23,126

13 APAC M&A Regional Review APAC M&A: Quarterly Volume $600 6,000 • In 1H2016, M&A volume involving APAC-based parties decreased marginally by 3.4% YoY to $612.2 billion despite a 4.0% increase in deal count. Greater China continued to dominate the region’s $400 4,000 transaction activity, accounting for 65.7% of the total deal volume. $200 2,000 • Outbound M&A activity from APAC in 1H2016 increased by 10.8% YoY to $150.1 billion. Europe $0 0 emerged as the most targeted region for APAC acquirers, accounting for 53.0% of deal volume from outbound activity, a 51.3% increase from the same period last year. China National Chemical Corp’s takeover of Syngenta AG for $46.3 billion contributed to 58.2% of this figure. Volume (Bln.) Deal Count • Blackrock Inc’s sale of Asia Square Tower 1 to Qatar Investment Authority for $2.5 billion was the largest asset sale on record in Singapore, despite falling rental prices. Australia/NZ M&A: Quarterly Volume $60 600

$40 400 APAC M&A: Highlights of 1H 2016 Total Value $20 200 Summary Date Target Acquirer Seller (Mln.) Number of deals 5,427 $0 0 5/24/2016 RHB Bank Bhd (Shareholders) RHB Capital Bhd $9,868.1 Volume (Bln.) $434.6 Avg Deal Size (Mln.) $80.1 3/15/2016 Asciano Ltd Multiple Acquirers - $9,405.8 Volume (Bln.) Deal Count

Top Adviser Greater China M&A: Quarterly Volume 3/30/2016 Sharp Corp/Japan Multiple Acquirers - $7,526.3 King & Wood Mallesons LLP $300 2,000 Maanshan Dingtai Rare Number of deals 51 1,500 5/23/2016 SF Holdings Group Co Ltd Earth&New Material Co - $7,499.8 $200

$32.8 Global M&A Review | 1H 2016 Volume (Bln.) Ltd 1,000 Avg Deal Size (Bln.) $0.6 Shenzhen Metro Qianhai Shenzhen Metro Group Co $100 6/19/2016 China Vanke Co Ltd $6,926.3 Intl Dvlpt Co Ltd Ltd 500 $0 0 APAC M&A: Breakdown Amount % Change % YoY Volume (Bln.) Deal Count APAC Industry Breakdown Financial Deal Type (Bln.) Deal Count Change Industrial Company Takeover $207.2 -1.6% -23.7% Japan M&A: Quarterly Volume 3% 2% 5% 3% Consumer Cyclical Cross Border $141.7 2.1% -5.8% $100 1,000 Communications Private Equity $74.6 8.4% 15.7% 27% Asset Sale $54.7 -5.4% 18.5% 7% Consumer Non-cyclical $50 500 Tender Offer $17.5 -9.2% 90.6% 10% Technology Venture Capital $31.9 8.1% 153.2% Basic Materials 12% 16% Spin-off $10.0 -5.6% -59.2% $0 0 Energy 15% Minority Purchase $94.9 11.5% 30.3% Diversified Majority Purchase $63.8 -4.9% 17.1% Volume (Bln.) Deal Count Utilities Graphs represent any regional involvement (target, seller, or acquirer). 14 APAC Ex Japan Announced Deals (By Volume) 01/01/2016 - 06/30/2016 APAC Ex Japan Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 13.0 71,651 24 23 3.7 9.3 King & Wood Mallesons 1 8.4 46,604 61 1 8.3 0.1 White & Case LLP 2 12.8 70,659 29 36 2.1 10.7 Kim & Chang 2 1.7 9,480 50 5 13.3 -11.6 Fangda Partners 3 12.4 68,695 38 30 2.7 9.8 AZB & Partners 3 0.9 5,190 49 2 0.9 0.1 Davis Polk & Wardwell LLP 4 12.1 66,972 19 10 7.9 4.2 Herbert Smith Freehills LLP 4 4.4 24,406 45 4 11.0 -6.6 Osler Hoskin & Harcourt LLP 5 12.0 66,453 9 226 - 12.0 Khaitan & Co 5 0.2 953 39 7 0.7 -0.6 Cleary Gottlieb Steen & Hamilton LLP 6 9.7 53,490 5 39 1.8 7.9 Fangda Partners 6 12.4 68,695 38 91 2.7 9.8 Baer & Karrer AG 7 8.7 48,052 2 - - 8.7 Baker & McKenzie LLP 7 2.1 11,695 32 3 3.3 -1.2 Cravath Swaine & Moore LLP 8 8.6 47,420 3 41 1.6 7.0 Norton Rose Fulbright LLP 7 2.0 10,904 32 10 4.0 -2.0 King & Wood Mallesons 9 8.4 46,604 61 8 8.3 0.1 Shin & Kim 9 1.3 7,008 30 17 0.7 0.6 Skadden Arps Slate Meagher & Flom LLP 10 4.6 25,310 15 1 18.6 -14.0 White & Case LLP 10 12.8 70,659 29 25 2.1 10.7 Herbert Smith Freehills LLP 11 4.4 24,406 45 5 11.0 -6.6 Jones Day 11 3.5 19,376 27 31 0.3 3.2 Jones Day 12 3.5 19,376 27 90 0.3 3.2 Grandall Law Firm 12 1.5 8,531 26 15 2.2 -0.7 Allens 13 2.7 14,664 23 6 10.1 -7.5 Simpson Thacher & Bartlett LLP 13 13.0 71,651 24 33 3.7 9.3 Jia Yuan Law Firm 14 2.4 13,300 11 111 0.2 2.2 Lee & Ko 13 1.2 6,400 24 6 2.8 -1.7 Freshfields Bruckhaus Deringer LLP 15 2.4 13,221 16 2 15.4 -13.1 Allens 15 2.7 14,664 23 12 10.1 -7.5 Morrison & Foerster LLP 16 2.4 12,997 8 16 5.7 -3.4 Allen & Overy LLP 15 0.7 3,955 23 10 2.6 -1.8 Baker & McKenzie LLP 17 2.1 11,695 32 25 3.3 -1.2 Tian Yuan Law Firm 17 0.8 4,306 20 51 0.7 0.1 Hannes Snellman Advokatbyra Ab/FI 18 2.1 11,584 4 208 - 2.1 Yulchon LLC 17 0.8 4,124 20 27 1.1 -0.3 Stikeman Elliott LLP 19 2.1 11,329 9 12 7.5 -5.5 Davis Polk & Wardwell LLP 19 12.1 66,972 19 30 7.9 4.2 Covington & Burling LLP 20 2.0 11,266 4 120 0.2 1.9 Latham & Watkins LLP 19 0.9 5,203 19 28 9.8 -8.8 TOTAL 552,439 5,494 567,416 TOTAL 552,439 5,494 567,416

APAC Private Equity Announced Deals (By Volume) 01/01/2016 - 06/30/2016 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Skadden Arps Slate Meagher & Flom LLP 1 16.4 20,215 9 3 18.3 -2.0 Simpson Thacher & Bartlett LLP 2 15.0 18,484 20 4 17.4 -2.5 King & Wood Mallesons 3 14.3 17,661 13 1 23.9 -9.6 Herbert Smith Freehills LLP 4 10.6 13,127 12 14 7.6 3.0 Osler Hoskin & Harcourt LLP 5 9.9 12,270 3 57 1.2 8.8 Jones Day 6 9.6 11,875 13 95 0.1 9.5 Allens 7 8.1 10,018 7 43 1.9 6.2 Stikeman Elliott LLP 8 8.0 9,882 5 84 0.3 7.7 Fangda Partners 9 7.7 9,466 22 7 13.2 -5.5 Kim & Chang 10 5.6 6,971 23 22 4.9 0.8 O'Melveny & Myers LLP 11 5.0 6,197 12 27 4.1 1.0 Shin & Kim 12 4.2 5,153 9 47 1.6 2.5 Weil Gotshal & Manges LLP 13 3.5 4,347 9 12 9.6 -6.1 Wilson Sonsini Goodrich & Rosati PC 14 3.4 4,165 7 6 14.1 -10.7 Cleary Gottlieb Steen & Hamilton LLP 15 3.2 3,991 2 46 1.8 1.5 De Brauw Blackstone Westbroek NV 16 3.2 3,929 2 - - 3.2 Latham & Watkins LLP 17 2.9 3,621 6 8 11.9 -9.0 Wachtell Lipton Rosen & Katz 18 2.9 3,616 2 - - 2.9 Sullivan & Cromwell LLP 19 2.9 3,560 2 15 7.4 -4.5 Paul Weiss Rifkind Wharton & Garrison LLP 20 2.4 2,944 6 45 1.9 0.5 TOTAL 123,606 1,234 98,539

15 AU & NZ Announced Deals (By Volume) 01/01/2016 - 06/30/2016 AU & NZ Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 Herbert Smith Freehills LLP 1 40.1 17,984 31 1 49.4 -9.4 Herbert Smith Freehills LLP 1 40.1 17,984 31 1 49.4 -9.4 King & Wood Mallesons 2 36.2 16,244 26 2 34.4 1.8 King & Wood Mallesons 2 36.2 16,244 26 3 34.4 1.8 Allens 3 32.6 14,647 22 4 21.7 10.9 Allens 3 32.6 14,647 22 3 21.7 10.9 Osler Hoskin & Harcourt LLP 4 32.1 14,410 4 60 0.0 32.1 Minter Ellison 4 7.4 3,338 15 2 21.5 -14.1 Jones Day 5 23.9 10,725 9 - - 23.9 Norton Rose Fulbright LLP 4 0.6 282 15 5 7.1 -6.4 Stikeman Elliott LLP 6 21.1 9,452 2 40 0.4 20.7 Ashurst LLP 6 4.3 1,936 14 7 24.4 -20.1 Bell Gully 7 8.1 3,643 12 9 10.2 -2.1 Gilbert + Tobin 7 5.0 2,228 13 5 1.9 3.1 Minter Ellison 8 7.4 3,338 15 5 21.5 -14.1 Bell Gully 8 8.1 3,643 12 13 10.2 -2.1 Linklaters LLP 9 6.8 3,068 4 30 1.4 5.4 HWL Ebsworth Lawyers 9 0.8 376 11 8 9.0 -8.1 McCarthy Tetrault LLP 10 5.9 2,626 3 26 2.6 3.2 Baker & McKenzie LLP 10 2.4 1,064 10 8 0.6 1.7 Buddle Findlay 11 5.4 2,413 1 - - 5.4 Jones Day 11 23.9 10,725 9 - - 23.9 Gilbert + Tobin 12 5.0 2,228 13 28 1.9 3.1 Allen & Overy LLP 12 3.3 1,481 6 11 4.9 -1.6 Wachtell Lipton Rosen & Katz 13 4.8 2,140 1 66 - 4.8 Osler Hoskin & Harcourt LLP 13 32.1 14,410 4 40 0.0 32.1 Ashurst LLP 14 4.3 1,936 14 3 24.4 -20.1 Linklaters LLP 13 6.8 3,068 4 15 1.4 5.4 Sullivan & Cromwell LLP 15 3.7 1,657 2 17 5.8 -2.1 DLA Piper LLP 13 2.0 874 4 11 0.5 1.5 Allen & Overy LLP 16 3.3 1,481 6 21 4.9 -1.6 Corrs Chambers Westgarth 13 0.3 114 4 10 3.2 -3.0 Kirkland & Ellis LLP 17 2.4 1,093 3 14 8.4 -6.0 K&L Gates LLP 13 0.2 75 4 14 1.9 -1.7 Baker & McKenzie LLP 18 2.4 1,064 10 34 0.6 1.7 McCarthy Tetrault LLP 18 5.9 2,626 3 18 2.6 3.2 DLA Piper LLP 19 2.0 874 4 38 0.5 1.5 Kirkland & Ellis LLP 18 2.4 1,093 3 15 8.4 -6.0 Conyers Dill & Pearman 20 1.7 755 1 - - 1.7 Paul Hastings LLP 18 1.1 480 3 - - 1.1 TOTAL 44,889 819 72,289 TOTAL 44,889 819 72,289

Japan Announced Deals (By Volume) 01/01/2016 - 06/30/2016 Japan Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 27.4 26,416 72 1 24.2 3.2 Mori Hamada & Matsumoto 1 27.4 26,416 72 1 24.2 3.2 Nishimura & Asahi 2 23.3 22,510 42 3 13.5 9.8 Nagashima Ohno & Tsunematsu 2 7.6 7,296 70 2 11.6 -4.0 Anderson Mori & Tomotsune 3 16.6 16,049 57 16 4.5 12.2 Anderson Mori & Tomotsune 3 16.6 16,049 57 3 4.5 12.2 White & Case LLP 4 12.9 12,441 9 40 1.0 11.9 Nishimura & Asahi 4 23.3 22,510 42 4 13.5 9.8 Morrison & Foerster LLP 5 9.2 8,888 6 21 2.8 6.4 White & Case LLP 5 12.9 12,441 9 8 1.0 11.9 Sullivan & Cromwell LLP 6 9.1 8,726 6 6 9.3 -0.3 AZB & Partners 5 4.7 4,489 9 21 1.9 2.8 Slaughter and May 7 9.0 8,717 2 - - 9.0 Kim & Chang 5 1.5 1,395 9 12 2.6 -1.1 Baker & McKenzie LLP 8 8.9 8,610 7 45 0.8 8.1 Simpson Thacher & Bartlett LLP 8 7.6 7,329 8 25 12.7 -5.1 Fenwick & West LLP 9 8.9 8,600 4 50 0.4 8.5 Allen & Overy LLP 8 3.9 3,726 8 15 1.3 2.5 Hannes Snellman Advokatbyra Ab/FI 9 8.9 8,600 1 105 - 8.9 Baker & McKenzie LLP 10 8.9 8,610 7 6 0.8 8.1 Covington & Burling LLP 9 8.9 8,600 1 38 1.1 7.8 Hogan Lovells US LLP 10 6.3 6,114 7 37 - 6.3 Blake Cassels & Graydon LLP 12 8.4 8,068 2 43 0.9 7.5 Jones Day 10 0.1 120 7 10 7.9 -7.8 Simpson Thacher & Bartlett LLP 13 7.6 7,329 8 4 12.7 -5.1 Morrison & Foerster LLP 13 9.2 8,888 6 7 2.8 6.4 Nagashima Ohno & Tsunematsu 14 7.6 7,296 70 5 11.6 -4.0 Sullivan & Cromwell LLP 13 9.1 8,726 6 12 9.3 -0.3 Hogan Lovells US LLP 15 6.3 6,114 7 105 - 6.3 Paul Weiss Rifkind Wharton & Garrison LLP 15 4.7 4,527 5 80 - 4.7 Latham & Watkins LLP 16 5.9 5,679 4 20 3.2 2.7 Shearman & Sterling LLP 15 4.1 3,928 5 15 3.8 0.3 Paul Weiss Rifkind Wharton & Garrison LLP 17 4.7 4,527 5 105 - 4.7 O'Melveny & Myers LLP 15 3.2 3,107 5 52 0.3 2.9 Fangda Partners 18 4.7 4,500 1 - - 4.7 Oh-Ebashi LPC & Partners 15 0.3 326 5 5 0.4 -0.1 AZB & Partners 19 4.7 4,489 9 25 1.9 2.8 Herbert Smith Freehills LLP 15 0.3 319 5 10 8.4 -8.0 Shearman & Sterling LLP 20 4.1 3,928 5 18 3.8 0.3 Ashurst LLP 15 0.0 42 5 25 6.4 -6.4 TOTAL 96,449 1,519 92,172 TOTAL 96,449 1,519 92,172

16 South Korea Announced Deals (By Volume) 01/01/2016 - 06/30/2016 South Korea Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 25.5 8,473 48 1 67.0 -41.5 Kim & Chang 1 25.5 8,473 48 1 67.0 -41.5 Shin & Kim 2 20.8 6,929 29 9 5.4 15.4 Shin & Kim 2 20.8 6,929 29 4 5.4 15.4 Lee & Ko 3 19.3 6,400 24 3 23.5 -4.2 Lee & Ko 3 19.3 6,400 24 2 23.5 -4.2 Yulchon LLC 4 12.4 4,124 20 8 8.7 3.7 Yulchon LLC 4 12.4 4,124 20 5 8.7 3.7 Bae Kim & Lee 5 9.9 3,288 19 2 45.4 -35.6 Bae Kim & Lee 5 9.9 3,288 19 3 45.4 -35.6 Kirkland & Ellis LLP 6 2.1 689 1 19 0.5 1.5 Yoon & Yang LLC 6 2.0 654 8 6 0.6 1.3 Yoon & Yang LLC 7 2.0 654 8 18 0.6 1.3 Goodwin Procter LLP 7 0.7 230 2 - - 0.7 White & Case LLP 8 1.6 547 1 32 0.0 1.6 Weil Gotshal & Manges LLP 7 0.7 230 2 11 0.5 0.2 Linklaters LLP 8 1.6 547 1 34 - 1.6 Herbert Smith Freehills LLP 7 0.3 85 2 13 16.1 -15.9 Cleary Gottlieb Steen & Hamilton LLP 8 1.6 547 1 16 1.1 0.5 Kirkland & Ellis LLP 10 2.1 689 1 13 0.5 1.5 Mayer Brown LLP 11 1.1 354 1 27 0.1 0.9 White & Case LLP 10 1.6 547 1 13 0.0 1.6 Goodwin Procter LLP 12 0.7 230 2 - - 0.7 Linklaters LLP 10 1.6 547 1 13 - 1.6 Weil Gotshal & Manges LLP 12 0.7 230 2 19 0.5 0.2 Cleary Gottlieb Steen & Hamilton LLP 10 1.6 547 1 13 1.1 0.5 Morgan Lewis & Bockius LLP 12 0.7 230 1 - - 0.7 Mayer Brown LLP 10 1.1 354 1 13 0.1 0.9 Gibson Dunn & Crutcher LLP 12 0.7 230 1 - - 0.7 Morgan Lewis & Bockius LLP 10 0.7 230 1 - - 0.7 Simpson Thacher & Bartlett LLP 12 0.7 230 1 15 1.2 -0.5 Gibson Dunn & Crutcher LLP 10 0.7 230 1 - - 0.7 Herbert Smith Freehills LLP 17 0.3 85 2 4 16.1 -15.9 Simpson Thacher & Bartlett LLP 10 0.7 230 1 13 1.2 -0.5 Latham & Watkins LLP 18 0.2 66 1 - - 0.2 Latham & Watkins LLP 10 0.2 66 1 - - 0.2 DLA Piper LLP 19 0.2 54 1 - - 0.2 DLA Piper LLP 10 0.2 54 1 - - 0.2 Dechert LLP 20 - 0 1 21 0.4 -0.4 Dechert LLP 10 - 0 1 7 0.4 -0.4 TOTAL 33,240 744 67,819 TOTAL 33,240 744 67,819

China Announced Deals (By Volume) 01/01/2016 - 06/30/2016 China Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 Fangda Partners 1 18.1 68,695 37 10 6.2 11.9 Fangda Partners 1 18.1 68,695 37 36 6.2 11.9 White & Case LLP 2 17.4 65,743 9 35 1.1 16.3 King & Wood Mallesons 2 10.4 39,529 35 1 9.4 1.0 Simpson Thacher & Bartlett LLP 3 17.1 64,573 12 11 6.2 10.9 Grandall Law Firm 3 2.3 8,531 26 1 5.3 -3.0 Davis Polk & Wardwell LLP 4 16.6 63,001 14 17 3.6 13.0 Tian Yuan Law Firm 4 1.1 4,306 20 9 1.6 -0.5 Osler Hoskin & Harcourt LLP 5 15.8 59,868 4 159 - 15.8 Davis Polk & Wardwell LLP 5 16.6 63,001 14 7 3.6 13.0 Cleary Gottlieb Steen & Hamilton LLP 6 14.0 52,943 4 19 3.0 11.0 Grandfield Law Offices 5 1.3 5,027 14 8 0.9 0.4 Baer & Karrer AG 7 12.7 48,052 2 - - 12.7 Simpson Thacher & Bartlett LLP 7 17.1 64,573 12 15 6.2 10.9 Cravath Swaine & Moore LLP 8 12.5 47,420 3 - - 12.5 Herbert Smith Freehills LLP 7 3.9 14,792 12 55 0.5 3.5 King & Wood Mallesons 9 10.4 39,529 35 3 9.4 1.0 Norton Rose Fulbright LLP 7 2.8 10,556 12 19 7.0 -4.3 Skadden Arps Slate Meagher & Flom LLP 10 6.3 23,910 11 1 10.5 -4.2 Skadden Arps Slate Meagher & Flom LLP 10 6.3 23,910 11 3 10.5 -4.2 Herbert Smith Freehills LLP 11 3.9 14,792 12 62 0.5 3.5 Jia Yuan Law Firm 10 3.5 13,300 11 73 0.4 3.1 Jia Yuan Law Firm 12 3.5 13,300 11 64 0.4 3.1 Clifford Chance LLP 10 1.7 6,508 11 29 0.8 0.9 Morrison & Foerster LLP 13 3.4 12,749 4 54 0.6 2.7 Zhong Lun Law Firm 10 1.4 5,285 11 5 2.7 -1.3 Freshfields Bruckhaus Deringer LLP 14 3.1 11,828 7 5 8.5 -5.4 Allbright Law Offices 10 0.9 3,466 11 25 1.6 -0.7 Jones Day 15 3.1 11,588 8 87 0.2 2.9 White & Case LLP 15 17.4 65,743 9 15 1.1 16.3 Hannes Snellman Advokatbyra Ab/FI 16 3.1 11,584 4 - - 3.1 Jones Day 16 3.1 11,588 8 36 0.2 2.9 Covington & Burling LLP 17 3.0 11,250 2 - - 3.0 Weil Gotshal & Manges LLP 16 2.7 10,196 8 45 1.3 1.4 Norton Rose Fulbright LLP 18 2.8 10,556 12 6 7.0 -4.3 Sullivan & Cromwell LLP 16 2.7 10,097 8 19 3.1 -0.5 Weil Gotshal & Manges LLP 19 2.7 10,196 8 30 1.3 1.4 O'Melveny & Myers LLP 16 1.6 6,019 8 9 2.0 -0.4 Sullivan & Cromwell LLP 20 2.7 10,097 8 18 3.1 -0.5 Paul Hastings LLP 16 1.2 4,409 8 29 0.8 0.4 TOTAL 378,812 1,842 242,528 TOTAL 378,812 1,842 242,528

17 Hong Kong Announced Deals (By Volume) 01/01/2016 - 06/30/2016 Hong Kong Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 7.8 4,214 5 12 9.6 -1.8 Baker & McKenzie LLP 1 2.3 1,260 8 1 13.5 -11.2 Wilson Sonsini Goodrich & Rosati PC 2 7.4 4,007 3 9 11.2 -3.8 King & Wood Mallesons 2 7.8 4,214 5 8 9.6 -1.8 Cleary Gottlieb Steen & Hamilton LLP 3 7.4 3,991 2 35 0.5 6.9 Fangda Partners 2 3.1 1,697 5 30 10.9 -7.8 Wachtell Lipton Rosen & Katz 4 7.3 3,944 2 - - 7.3 Kim & Chang 2 1.2 672 5 30 0.3 0.9 Weil Gotshal & Manges LLP 5 7.2 3,917 4 25 2.8 4.4 Weil Gotshal & Manges LLP 5 7.2 3,917 4 14 2.8 4.4 O'Melveny & Myers LLP 6 7.1 3,835 2 26 2.8 4.3 Linklaters LLP 5 3.4 1,844 4 2 49.2 -45.8 Skadden Arps Slate Meagher & Flom LLP 7 6.3 3,444 3 2 50.4 -44.0 Kirkland & Ellis LLP 5 1.4 737 4 11 9.0 -7.6 Paul Weiss Rifkind Wharton & Garrison LLP 8 3.8 2,035 2 31 1.5 2.2 Wilson Sonsini Goodrich & Rosati PC 8 7.4 4,007 3 14 11.2 -3.8 Simpson Thacher & Bartlett LLP 8 3.8 2,035 2 13 9.2 -5.5 Skadden Arps Slate Meagher & Flom LLP 8 6.3 3,444 3 5 50.4 -44.0 Stikeman Elliott LLP 10 3.4 1,868 3 4 35.3 -31.9 Stikeman Elliott LLP 8 3.4 1,868 3 30 35.3 -31.9 Linklaters LLP 11 3.4 1,844 4 3 49.2 -45.8 Paul Hastings LLP 8 3.2 1,727 3 50 0.1 3.1 Blake Cassels & Graydon LLP 12 3.3 1,808 2 - - 3.3 Shearman & Sterling LLP 8 2.9 1,554 3 8 4.2 -1.4 Paul Hastings LLP 13 3.2 1,727 3 60 0.1 3.1 Jones Day 8 1.9 1,029 3 20 0.0 1.9 Fangda Partners 14 3.1 1,697 5 11 10.9 -7.8 Minter Ellison 8 1.6 844 3 20 0.0 1.5 Shearman & Sterling LLP 15 2.9 1,554 3 20 4.2 -1.4 White & Case LLP 8 1.5 819 3 30 0.0 1.5 Shin & Kim 16 2.9 1,548 2 - - 2.9 Yulchon LLC 8 1.1 602 3 - - 1.1 Bae Kim & Lee 17 2.7 1,475 2 75 0.0 2.7 Latham & Watkins LLP 8 0.3 178 3 14 8.9 -8.6 Davis Polk & Wardwell LLP 18 2.5 1,379 2 41 0.4 2.1 Cleary Gottlieb Steen & Hamilton LLP 18 7.4 3,991 2 50 0.5 6.9 Torys LLP 19 2.5 1,340 1 22 3.6 -1.2 Wachtell Lipton Rosen & Katz 18 7.3 3,944 2 - - 7.3 Osler Hoskin & Harcourt LLP 19 2.5 1,340 1 - - 2.5 O'Melveny & Myers LLP 18 7.1 3,835 2 30 2.8 4.3 TOTAL 54,332 723 118,152 TOTAL 54,332 723 118,152

Taiwan Announced Deals (By Volume) 01/01/2016 - 06/30/2016 Taiwan Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 Baker & McKenzie LLP 1 40.1 8,415 2 9 3.3 36.8 Lee & Li 1 1.9 392 5 1 5.1 -3.2 Nishimura & Asahi 1 40.1 8,415 4 19 0.7 39.4 Nishimura & Asahi 2 40.1 8,415 4 8 0.7 39.4 Jones Day 3 30.3 6,359 2 3 5.9 24.3 Davis Polk & Wardwell LLP 3 18.6 3,911 3 - - 18.6 Davis Polk & Wardwell LLP 4 18.6 3,911 3 - - 18.6 Baker & McKenzie LLP 4 40.1 8,415 2 6 3.3 36.8 Simpson Thacher & Bartlett LLP 5 17.2 3,605 1 - - 17.2 Jones Day 4 30.3 6,359 2 4 5.9 24.3 De Brauw Blackstone Westbroek NV 6 13.1 2,754 1 - - 13.1 Chen & Lin 4 0.8 161 2 4 2.8 -2.0 Tian Yuan Law Firm 7 2.9 598 1 - - 2.9 Lexcel Partners Attorney-at-Law 4 0.1 13 2 6 2.2 -2.2 Lee & Li 8 1.9 392 5 4 5.1 -3.2 Mori Hamada & Matsumoto 4 0.0 8 2 - - 0.0 Conyers Dill & Pearman 9 1.2 246 1 - - 1.2 Simpson Thacher & Bartlett LLP 9 17.2 3,605 1 - - 17.2 Cooley LLP 9 1.2 246 1 - - 1.2 De Brauw Blackstone Westbroek NV 9 13.1 2,754 1 - - 13.1 K&L Gates LLP 9 1.2 246 1 - - 1.2 Tian Yuan Law Firm 9 2.9 598 1 - - 2.9 Johnson & Partners 9 1.2 246 1 - - 1.2 Conyers Dill & Pearman 9 1.2 246 1 - - 1.2 Sullivan & Cromwell LLP 9 1.2 246 1 12 2.6 -1.4 Cooley LLP 9 1.2 246 1 - - 1.2 Appleby 9 1.2 246 1 - - 1.2 K&L Gates LLP 9 1.2 246 1 - - 1.2 Morgan Lewis & Bockius LLP 15 1.1 226 1 17 1.3 -0.2 Johnson & Partners 9 1.2 246 1 - - 1.2 Bennett Jones LLP 16 0.9 196 1 - - 0.9 Sullivan & Cromwell LLP 9 1.2 246 1 12 2.6 -1.4 Sidley Austin LLP 16 0.9 196 1 - - 0.9 Appleby 9 1.2 246 1 - - 1.2 Gowling WLG International Ltd 16 0.9 196 1 - - 0.9 Morgan Lewis & Bockius LLP 9 1.1 226 1 8 1.3 -0.2 Akin Gump Strauss Hauer & Feld LLP 16 0.9 196 1 - - 0.9 Bennett Jones LLP 9 0.9 196 1 - - 0.9 King & Wood Mallesons 20 0.9 190 1 - - 0.9 Sidley Austin LLP 9 0.9 196 1 - - 0.9 TOTAL 21,006 124 9,050 TOTAL 21,006 124 9,050

18 South East Asia Announced Deals (By Volume) 01/01/2016 - 06/30/2016 South East Asia Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 MKT SHR VOLUME USD DEAL MKT SHR MKT SHR MKT SHR VOLUME USD DEAL MKT SHR MKT SHR FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE FIRM RANK (%) (Mln) COUNT RANK (%) CHANGE Osler Hoskin & Harcourt LLP 1 18.5 14,650 5 - - 18.5 Allen & Gledhill LLP 1 2.5 1,982 15 1 41.4 -38.8 Herbert Smith Freehills LLP 2 18.5 14,639 13 85 - 18.5 Herbert Smith Freehills LLP 2 18.5 14,639 13 33 - 18.5 King & Wood Mallesons 3 15.9 12,570 6 29 1.1 14.8 WongPartnership LLP 2 8.1 6,409 13 3 38.7 -30.6 Allens 4 14.6 11,562 3 61 0.2 14.5 White & Case LLP 4 4.4 3,459 11 23 0.1 4.3 Jones Day 5 13.3 10,542 8 34 0.9 12.5 Rajah & Tann 4 1.7 1,349 11 12 0.2 1.5 Stikeman Elliott LLP 6 12.5 9,873 2 85 - 12.5 Allen & Overy LLP 6 2.9 2,266 10 4 1.6 1.2 Linklaters LLP 7 8.8 6,957 6 50 0.4 8.4 AZB & Partners 6 1.0 757 10 6 1.1 -0.2 WongPartnership LLP 8 8.1 6,409 13 3 38.7 -30.6 Baker & McKenzie LLP 8 0.6 497 9 2 2.6 -2.0 Skadden Arps Slate Meagher & Flom LLP 9 5.9 4,700 2 1 42.8 -36.9 Jones Day 9 13.3 10,542 8 8 0.9 12.5 NautaDutilh NV 10 5.7 4,492 2 85 - 5.7 Hogan Lovells US LLP 9 1.0 799 8 33 - 1.0 White & Case LLP 11 4.4 3,459 11 70 0.1 4.3 Simpson Thacher & Bartlett LLP 11 4.2 3,314 7 33 0.1 4.1 Simpson Thacher & Bartlett LLP 12 4.2 3,314 7 65 0.1 4.1 Khaitan & Co 11 0.6 469 7 12 0.8 -0.3 Minter Ellison 13 3.2 2,508 3 51 0.4 2.8 King & Wood Mallesons 13 15.9 12,570 6 8 1.1 14.8 Allen & Overy LLP 14 2.9 2,266 10 27 1.6 1.2 Linklaters LLP 13 8.8 6,957 6 8 0.4 8.4 McCarthy Tetrault LLP 15 2.7 2,140 1 - - 2.7 Nagashima Ohno & Tsunematsu 13 0.4 317 6 23 0.1 0.3 Wachtell Lipton Rosen & Katz 15 2.7 2,140 1 69 0.1 2.6 Shook Lin & Bok LLP 13 0.4 274 6 5 4.0 -3.6 Fangda Partners 17 2.5 1,993 4 21 3.4 -0.8 Osler Hoskin & Harcourt LLP 17 18.5 14,650 5 - - 18.5 Allen & Gledhill LLP 18 2.5 1,982 15 2 41.4 -38.8 Mori Hamada & Matsumoto 17 1.0 778 5 7 11.8 -10.9 Shearman & Sterling LLP 19 2.3 1,815 4 14 4.8 -2.5 Fangda Partners 19 2.5 1,993 4 58 3.4 -0.8 Paul Weiss Rifkind Wharton & Garrison LLP 20 1.9 1,535 1 6 35.3 -33.4 Shearman & Sterling LLP 19 2.3 1,815 4 33 4.8 -2.5 TOTAL 79,091 1,118 88,627 TOTAL 79,091 1,118 88,627

India Announced Deals (By Volume) 01/01/2016 - 06/30/2016 India Announced Deals (By Deal Count) 01/01/2016 - 06/30/2016 2016 2015 2016 2015 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 20.7 4,960 48 1 11.9 8.9 AZB & Partners 1 20.7 4,960 48 1 11.9 8.9 Cyril Amarchand Mangaldas 2 19.0 4,539 11 30 0.6 18.4 Khaitan & Co 2 4.0 953 39 2 10.3 -6.3 Stibbe BV 3 4.9 1,179 1 66 - 4.9 J Sagar Associates 3 4.1 985 18 3 2.6 1.5 De Brauw Blackstone Westbroek NV 3 4.9 1,179 1 66 - 4.9 Shardul Amarchand Mangaldas & Co 3 4.0 949 18 4 4.6 -0.6 Paul Weiss Rifkind Wharton & Garrison LLP 3 4.9 1,179 3 - - 4.9 Trilegal 5 0.9 217 16 10 1.1 -0.2 Simpson Thacher & Bartlett LLP 3 4.9 1,179 1 34 0.3 4.7 Cyril Amarchand Mangaldas 6 19.0 4,539 11 7 0.6 18.4 Nishimura & Asahi 3 4.9 1,179 1 51 0.1 4.9 Veritas Legal 7 2.9 698 8 - - 2.9 J Sagar Associates 8 4.1 985 18 14 2.6 1.5 Economic Laws Practice 7 0.3 75 8 9 0.1 0.3 White & Case LLP 9 4.0 960 5 7 5.3 -1.3 Shearman & Sterling LLP 9 1.4 325 6 - - 1.4 Khaitan & Co 10 4.0 953 39 2 10.3 -6.3 Latham & Watkins LLP 9 0.8 180 6 36 5.3 -4.6 Shardul Amarchand Mangaldas & Co 11 4.0 949 18 11 4.6 -0.6 Luthra & Luthra Law Offices LLP 9 0.4 100 6 6 2.6 -2.2 Kirkland & Ellis LLP 12 3.4 810 3 22 1.4 2.0 White & Case LLP 12 4.0 960 5 16 5.3 -1.3 Veritas Legal 13 2.9 698 8 - - 2.9 S&R Associates 12 0.5 111 5 7 2.5 -2.0 Freshfields Bruckhaus Deringer LLP 14 2.2 519 4 21 1.6 0.5 Freshfields Bruckhaus Deringer LLP 14 2.2 519 4 16 1.6 0.5 Hughes Hubbard & Reed LLP 15 1.9 460 1 63 0.0 1.9 Clove Legal 14 0.0 9 4 - - 0.0 Allen & Gledhill LLP 16 1.8 434 1 37 0.2 1.6 Paul Weiss Rifkind Wharton & Garrison LLP 16 4.9 1,179 3 - - 4.9 Shearman & Sterling LLP 17 1.4 325 6 - - 1.4 Kirkland & Ellis LLP 16 3.4 810 3 16 1.4 2.0 Krishnamurthy & Co 18 1.3 300 1 - - 1.3 Morgan Lewis & Bockius LLP 16 1.0 240 3 22 0.3 0.7 Slaughter and May 18 1.3 300 1 38 0.2 1.1 Jones Day 16 0.3 81 3 - - 0.3 Morgan Lewis & Bockius LLP 20 1.0 240 3 33 0.3 0.7 Cuatrecasas Goncalves Pereira SLP 16 0.0 7 3 36 0.1 -0.1 TOTAL 23,915 890 40,360 TOTAL 23,915 890 40,360

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:

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