REUTERS / Stefan Wermuth GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS

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1 REUTERS / Stefan Wermuth GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS First Nine Months 215

2 First Nine Months 215 MANAGING UNDERWRITERS SYNDICATED LOANS REVIEW Global Syndicated Loans Global Deals Intelligence Leading Underwriters for Table of Contents EMEA Mandated Lead Arrangers (R1) 7 European Leveraged Loans (P) Global Loans - s (R1) 1 EMEA Sponsored Loans (P13) Global Debt & Syndicated Loans (DL1) 2 Global Loans - Mandated Arrangers (R3) Top Global Syndicated Loans 2 2 Global Scorecard 2 Global Loans Rankings - Last Ten Years 3 Asia Pacific (Excl. Japan) Syndicated Loans Asia & Australia Deals Intelligence Top Asia Syndicated Loans Asia Loans - Asian Currency (S3i) Asia Loans - s (S5c) Americas Syndicated Loans Asia Loans - Mandated Arrangers (S5b) Americas Deals Intelligence Top Americas Syndicated Loans Australia Loans - s (S7) Top Australia Syndicated Loans Americas Loans - s (R7) Australia Loans - Mandated Arrangers (Sa) Americas Loans - Mandated Arrangers (Rc) 5 US Loans - s (R11) 5 North America Loans - s (R) 5 US Leveraged Loans - s (R11a) 5 US Investment Grade Loans - s (R11b) Latin America Loans - Mandated Lead Arrangers (R1) EMEA Syndicated Loans EMEA Deals Intelligence 7 Top EMEA Syndicated Loans 7 EMEA s (R17) 7 Japan Syndicated Loans Japan Deals Intelligence Top Japan Syndicated Loans Japan Loans - s (S12b) Japan Loans - Mandated Arrangers (S12a) Ranking Criteria Summary Syndicated Loans Criteria Summary 13 Regional Contacts Thomson Reuters Solutions for the Deal Making Community

3 First Nine Months 215 MANAGING UNDERWRITERS SYNDICATED LOANS REVIEW Global Syndicated Lending Totals US$3.2 trillion, down % from 21 I US Loans Account for 53% Europe Lending Down 22% I Tops Rankings Global Deals Intelligence GLOBAL SYNDICATED LENDING FALLS % FROM 21 Global syndicated lending reached US$3.2 trillion during the first nine months of 215, an % decrease compared to the first nine months of 21 and the slowest nine-month period for lending since 213. Lending activity during the third quarter quarter saw a 1% decrease from the second quarter this year. Just over 7,5 transactions closed during the first nine months, a decrease of % compared to a year ago. AQUISITION FINANCING CONTINUES DURING THIRD QUARTER Charter Communications secured a US$3.5 billion financing package to fund its US$7. billion acquisition of Time Warner Cable, topping the list of syndicated loans closed during third quarter of 215. Other notable acquisition-related loans included Anthem Insurance Co's US$3 billion facility to fund its acquisition of US$. billion of Cigna Corp and a $13. billion loan for GE Antares Capital. US LENDING ACCOUNTS FOR 53% OF ACTIVITY Americas loans accounted for 5% of global loan volume during the first nine months of 215, as lending in the region was flat compared to same period last year. Within the Americas, loan volume in the totaled US$1.7 trillion, up.% compared to the same period last year and representing 53% of global volume. Europe accounted for 21% of global volumes as lending decreased by 22% compared to the first nine months of 21. Asia Pacific fundraising saw a year-over-year decrease of 21%, while Japanese lending registered a downtick of 3% compared to 21. Global Syndicated Loans Volume Proceeds (US$t) $. Q Volume (US$t) Q3 Volume (US$t) Q2 Volume (US$t) Q1 Volume (US$t) # of Deals $5. $. $3. $2. $1. 12,,,,, 2, ENERGY & POWER, FINANCIALS & INDUSTRIALS LEAD LENDING Borrowing in the Energy & Power sector totaled US$5. billion during the first nine months of 215, accounting for 1% of global loan activity, down 3% compared to lending in the sector during 21. Healthcare and Retail lending saw the largest year-over-year percentage increases, up % and 5%, respectively. Energy & Power, Financials and Industrials together accounted for % of syndicated loan volume during the first nine months of 215, compared to % a year ago. $ Global Loans - s (R1) BANK OF AMERICA MERRILL LYNCH TOPS BOOKRUNNER RANKINGS secured the top ranking for global bookrunners, by proceeds, with US$231.1 billion from 7 transactions during the first nine monhts of 215, a decrease of.7 market share points compared to the first nine months of 21. JP Morgan fell to second place, with US$2. billion or 7.% of overall loan proceeds during the first nine months of 215, a loss of 2.1 market share points from a year ago. SYNDICATED LENDING FEES DOWN 17% According to Thomson Reuters/Freeman Consulting, bookrunning fees from global syndicated loans totaled US$11.5 billion during the first nine months of 215, a decrease of 17% from last year. Fees from leveraged lending decreased 2% compared to a year ago and accounted for % of all lending fees during the first nine months of 215. Leading Underwriters During the Third Quarter 215 Market Sector Global Loans (R1) Americas Loans (R7) North American Loans (R) US Loans (R11) US Leveraged Loans (R11a) US Investment Grade Loans (R11b) Latin America Loans (R15) Latin America Loans (R1) EMEA Loans (R17) EMEA Leveraged Loans (P) Asia-Pacific ex. Japan ex. Australia (S5b) Asia-Pacific ex. Japan ex. Australia (S5c) Japan Loans (S12a) Japan Loans (S12b) Australian Loans (S7) Current Qtr Market Share Mkt. Share Chg. No. 1 Manager (%) from Last Qtr (%) Santander Santander BNP Paribas SA Deutsche Bank Bank of Taiwan Bank of Taiwan Mizuho Financial Group Mizuho Financial Group ANZ Banking Group Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals FeesShare % Share Ch , JP Morgan 2 1 2, Citi , Wells Fargo & Co 13, Mitsubishi UFJ Financial Group 5 117, Mizuho Financial Group, Barclays 7 7, Deutsche Bank 5 7, HSBC Holdings PLC 12 73, BNP Paribas SA 5, Sumitomo Mitsui Finl Grp Inc , RBC Capital Markets , Goldman Sachs & Co , Morgan Stanley , Credit Suisse 15, Bank of China Ltd 1 23, Scotiabank , US Bancorp , Industrial & Comm Bank China , Credit Agricole CIB , TD Securities Inc , BMO Capital Markets , PNC Financial Services Group , CIBC World Markets Inc 2 2 2, SunTrust Banks , ,5, , Total 2,,7..,5-11,2.2. Industry % Change from Same Period Last Year Industry % Change from Last Quarter -.2% -.% -17.3% -1.2% -7.% -2.7% 1

4 First Nine Months 215 Syndicated Loans Managing Underwriters Global Global Debt & Syndicated Loans (DL1) Scorecard: Global Syndicated Loans Proceeds per Mandated Arranger US$m) # of Deals per MA Imputed Fees (US$m) 1/1/215 - /3/215 1/1/21 - /3/21 Mandated Arrangers Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals FeesShare % Share Ch. JP Morgan , , Region/Nation Proceeds (US$m) Proceeds (US$m) 2 2, , Global 3,22,73. 7,557 3,52,3.7,355 Citi , , Americas 1,3,1. 3,7 1,,27.7 3,1 Barclays 3, , North America 1,,21.1 3,3 1,5,3. 3, Deutsche Bank , , of America 1,5,.1 2,33 1,1,7. 3,31 Wells Fargo & Co 23, , Canada 15, ,. 371 HSBC Holdings PLC , Central America 1, ,. 3 Goldman Sachs & Co 251, , Mexico 1,22. 21,.5 22 Morgan Stanley 2, ,2...1 South America 22,.5 3 2, Credit Suisse 25, , Brazil 1, ,5. 1 Top Ten Total 3,3, ,7... Colombia,5. 3, Industry Total 7,21,1.. 17, , Europe 7,7.5 1,22 77,. 1,2 Western Europe 3,. 1,121 2,1.1 1,1 Industry % Change from Same Period Last Year -.% -1.% -15.5% United Kingdom 15, , Industry % Change from Last Quarter -21.2% -1.1% -27.1% Germany 7, ,2.5 1 France 7, ,3. 23 Netherlands, ,5.2 Spain 5,252. 1,. 3 Global Loans - Mandated Arrangers (R3) Italy 51, , Switzerland, ,3.5 1 Proceeds per Mandated Arranger US$m) # of Deals per MA mputed Bookrunning Fees (US$m Belgium 25, , Norway 15,3. 5 2,717.2 Mandated Arrangers Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals FeesShare % Share Ch. Sweden 15, , , Luxembourg 15, , JP Morgan , Eastern Europe 52,2.2 57,12.7 Citi , Turkey 32,. 1,. 31 Mitsubishi UFJ Financial Group 133, Russian Federation, ,.1 22 Wells Fargo & Co , Poland, ,5. 17 Mizuho Financial Group 111, Romania 1, HSBC Holdings PLC 7 3, Africa/Middle East/Central Asia 5,7. 157,3. 12 Barclays 2, Middle East 53, , Sumitomo Mitsui Finl Grp Inc 11 5, Saudi Arabia 2, ,57. Deutsche Bank 7, United Arab Emirates 1,17.3 1,25. BNP Paribas SA 11 7, Sub-Saharan Africa 25,3. 1, RBC Capital Markets , South Africa,275. 2,27. Credit Suisse , Nigeria,3. 7 3,7.5 Bank of China Ltd , Ghana 2,7.5 3,2. 2 Goldman Sachs & Co 15 1, Central Asia,32.3 2,. 7 US Bancorp 1 21, Asia-Pacific (ex Central Asia) 371,53.5 1,15 72,1. 1, Scotiabank , North Asia 222, ,1. Credit Agricole CIB , China, ,5. 5 Morgan Stanley , Hong Kong, ,1. 15 Industrial & Comm Bank China 2 2 1, Taiwan 37, , Societe Generale , South Korea,7. 13,3. 5 BMO Capital Markets , South Asia 32, , ING , India 31, , RBS , Southeast Asia 52,35. 1, TD Securities Inc , Singapore 27,7.5 2,3. 1 1,35, , Malaysia, , Industry Total 3,22,73.. 7, ,127.. Indonesia 7, ,. 53 Thailand 3,537. 3,3.5 7 Industry % Change from Same Period Last Year -7.% -.% -1.% Philippines 2,2.2 2,7. Industry % Change from Last Quarter -1.% -.5% -1.% Australasia, ,. 17 Australia 5, ,7. 1 New Zealand, ,2.1 Top Global Syndicated Loans Japan 177,25. 1, 13, , * The Global Scorecard comprises deal volume and counts from club and bookrun deals, mirroring the mandated arranger rankings. Closing Date Borrower Target Market Package Amt (US$m) Primary UOP /7/215 Charter Communications Inc 3,5. /25/215 Anthem Insurance Cos Inc 3,. 3/1/215 AbbVie Inc 1,. /3/215 Wal-Mart Stores Inc 1,. General Corp. Purp. 5/2/215 Glencore PLC Switzerland 15,25. General Corp. Purp. 5/1/215 Royal Dutch Shell PLC Netherlands 15,25. 5/12/215 Depository Trust Co 1,. General Corp. Purp. /21/215 GE Antares Capital 13,. /3/215 Ford Motor Co 13,2. Export/Import Finan /3/215 CVS Health Corp 13,. % Chge in Proceeds

5 First Nine Months 215 Syndicated Loans Managing Underwriters Global Loans Ranking - Last Ten Years* JP Morgan 3 3 Citi Wells Fargo & Co 5 5 Mitsubishi UFJ Financial Group Rank Mizuho Financial Group 7 7 Barclays Deutsche Bank HSBC Holdings PLC BNP Paribas SA *League Table positions reflect consolidation within the banking sector. Rankings shown are as of the current quarter end in each calendar year. 3

6 Americas Proceeds at US$1. Trillion US Leveraged Lending Down 2% Latin American Lending Down % First Nine Months 215 Syndicated Loans Managing Underwriters Americas Americas Deals Intelligence Americas Loans - s (R7) Overall syndicated lending in the Americas during the first nine months of 215 increased slightly, up.2% Proceeds per (US$m) # of Deals per Imputed Fees (US$m) compared to the first three quarters of 21, with proceeds of US$1. trillion from 3,7 transactions. Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch , Leveraged lending in the totaled US$. billion from 1,52 deals, representing a 2.% decrease JP Morgan , from total proceeds raised in the same period a year ago. Wells Fargo & Co , Citi 12, Barclays 5 5, Loans for general purposes dominated the market in the first nine months of 215, accounting for a % share, with RBC Capital Markets 7 5, proceeds totaling US$.5 billion. Acquisition Financing and Refinancing Bank Debt followed, capturing 1% and Mitsubishi UFJ Financial Group , % of the market, respectively. Deutsche Bank 5, Morgan Stanley 3, Lending in Latin America decreased compared with the same period last year, down 3.% with total proceeds of Credit Suisse 3, Goldman Sachs & Co 11 3, US$3.2 billion from 1 deals. US Bancorp , Scotiabank , Estimated bookrunning fees for the Americas yielded an 11.% lower total in the first three quarters of 215 TD Securities Inc , compared to last year, with a total of US$. billion, according to estimates from Thomson Reuters/Freeman HSBC Holdings PLC , BNP Paribas SA , Consulting. Fees paid to bookrunners for U.S. leveraged loans decreased 22.5% compared to a year ago, totaling PNC Financial Services Group , US$.1 billion. BMO Capital Markets 1 1 3, CIBC World Markets Inc 1 2 2, SunTrust Banks , UBS , Top Americas Syndicated Loans Mizuho Financial Group , Closing Date Borrower Target Market Package Amt (US$m) Primary UOP National Bank of Canada Fin'l , /7/215 Charter Communications Inc 3,5. KeyBanc Capital Markets Inc , /25/215 Anthem Insurance Cos Inc 3,. Credit Agricole CIB , /1/215 AbbVie Inc 1,. 1,37, , /3/215 Wal-Mart Stores Inc 1,. General Corp. Purp. Total 1,5,.. 3,372-7,2.. 5/12/215 Depository Trust Co 1,. General Corp. Purp. /21/215 GE Antares Capital 13,. Industry % Change over Same Period Last Year.2% -.% -11.% /3/215 Ford Motor Co 13,2. Export/Import Finan Industry % Change over Last Quarter -1.1% -2.% -17.% /3/215 CVS Health Corp 13,. 7/3/215 Aetna Inc 13,. /3/215 Equinix Inc 12,32. General Corp. Purp. Americas Loans by Industry (Proceeds US$m) US Leveraged Volume $5,75.7 % $1,12.5 % $35,.3 1% $,23. % $,75.3 % $23,.7 12% $127,15. 7% $21,. 11% $12,321. 7% $1,3.3 % $15,3.1 % $12,72.1 7% Proceeds (US$b) $1,5 $1,2 $ $ 2,13 2, 1,737 1,7 1,7 2, 2,2 3,2 2,7 1,53 3, 2,5 2, 1,5 1, Energy and Power Financials Industrials Healthcare $3 5 Materials Retail High Technology Consumer Products and Services Real Estate Media and Entertainment Consumer Staples Telecommunications $ Government and Agencies Q1 Volume (US$b) Q2 Volume (US$b) Q3 Volume (US$b) Q Volume (US$b) # of deals

7 First Nine Months 215 Syndicated Loans Managing Underwriters Americas Americas Loans - Mandated Arrangers (Rc) North America Loans - s (R) Proceeds per Mandated Arranger (US$m) # of Deals per MA Imputed Fees (US$m) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Mandated Arranger Rank Rank Proceeds Share% Share Ch. DealsShare% # of Deals Fees Share% Share Ch. Rank Rank Proceeds Share% Share Ch. DealsShare% # of Deals Fees Share% Share Ch , , JP Morgan 2 2 1, JP Morgan 2 1 1, Wells Fargo & Co 3 121, Wells Fargo & Co , Citi 3 11, Citi 123, Barclays 5 5 2, Barclays 5 5, Mitsubishi UFJ Financial Group 1, RBC Capital Markets 7 5, RBC Capital Markets 7 7 5, Mitsubishi UFJ Financial Group , Deutsche Bank, Deutsche Bank 5, Credit Suisse, Morgan Stanley 3, US Bancorp 13, Credit Suisse 3, HSBC Holdings PLC 11 15, Goldman Sachs & Co 11 3, BMO Capital Markets 12 1, US Bancorp , Scotiabank , Scotiabank , Morgan Stanley 1 35, TD Securities Inc , Goldman Sachs & Co , HSBC Holdings PLC , TD Securities Inc 1 1 3, PNC Financial Services Group , SunTrust Banks , BMO Capital Markets , BNP Paribas SA , BNP Paribas SA 1 1 2, PNC Financial Services Group , CIBC World Markets Inc 1 2 2, Mizuho Financial Group 2 2 2, SunTrust Banks , CIBC World Markets Inc , UBS , UBS , Mizuho Financial Group , Sumitomo Mitsui Finl Grp Inc , National Bank of Canada Fin'l , National Bank of Canada Fin'l , KeyBanc Capital Markets Inc , BBVA , Jefferies LLC , ,31, , ,3, , Industry Total 1,3,1.. 3,7-3,2.. Total 1,1,7.2. 3,3-373,.. Industry % Change over Same Period Last Year.2% Industry % Change over Last Quarter -1.% -.% -2.7% -11.% -1.% Industry % Change over Same Period Last Year.3% -.1% -11.1% Industry % Change over Last Quarter -1.7% -3.5% -1.1% US Loans - s (R11) US Leveraged Loans - s (R11a) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch , JP Morgan , Wells Fargo & Co , Citi 12, Barclays 5 5 7, Mitsubishi UFJ Financial Group 11 52, Deutsche Bank 7 5, Morgan Stanley 3, Credit Suisse 7 3, Goldman Sachs & Co 3, US Bancorp , RBC Capital Markets 12 35, PNC Financial Services Group , HSBC Holdings PLC 1 1 2, SunTrust Banks , BNP Paribas SA , UBS , Mizuho Financial Group , BMO Capital Markets 1 2 1, KeyBanc Capital Markets Inc 2 1 1, Jefferies LLC , Scotiabank , TD Securities Inc , Citizens Financial Group 2 3, RBS 25 12, ,257, , Total 1,7,5.. 2,37-37, Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch. 1 1, JP Morgan 2 2 5, Wells Fargo & Co 3 3, Citi 3, Barclays , Credit Suisse 5 27, Deutsche Bank 7 2, RBC Capital Markets 23, Goldman Sachs & Co 21, Morgan Stanley 1, SunTrust Banks , US Bancorp , Jefferies LLC , PNC Financial Services Group , Mitsubishi UFJ Financial Group 15 22, BMO Capital Markets 1 1, HSBC Holdings PLC 17 2, KeyBanc Capital Markets Inc 1 21, General Electric Co 1 1, UBS , Citizens Financial Group , BNP Paribas SA , Macquarie Group 23 23, Nomura 2 2, Antares Capital Corp 25 7, , , Total,1.1. 1,52-71,13.. Industry % Change over Same Period Last Year.% Industry % Change over Last Quarter -15.1% -11.3% -.% Industry % Change over Same Period Last Year -2.% -3.5% -2.1% -1.1% Industry % Change over Last Quarter -3.% -31.% -22.5% -17.% 5

8 First Nine Months 215 Syndicated Loans Managing Underwriters Americas US Investment Grade Loans - s (R11b) Top Americas Loans Use of Proceeds (US$m) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) $,.3 Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch. % $3, , % JP Morgan 2 1, Citi 3 3 7, Wells Fargo & Co, Barclays , $275,.7 Mitsubishi UFJ Financial Group 3, $51,11.5 $75,27.2 $1,23. 15% Morgan Stanley , % % % US Bancorp 11 2, $,7.2 HSBC Holdings PLC 1, % UBS 23 1, BNP Paribas SA 11 15, Mizuho Financial Group , Goldman Sachs & Co , Credit Suisse , General Corporate Purposes Acquisition Financing Refinance Bank Debt Working Capital Deutsche Bank 15 13, RBC Capital Markets 1 1, Refinancing Project Finance Leveraged Buyout Export/Import Finance PNC Financial Services Group 17 15, SunTrust Banks , Capital Expenditures Dividend Recapitalization RBS 1 7, KeyBanc Capital Markets Inc 2 1 5, Scotiabank , Americas Yield Type TD Securities Inc , Lloyds Bank 23 -, BMO Capital Markets 2 2, Bank of China Ltd 25 22, , Total 7, , Industry % Change over Same Period Last Year 5.5% -.%.% Industry % Change over Last Quarter -3.% -31.% -.2% Latin America Loans - Mandated Lead Arrangers (R1) Proceeds per Mandated Arranger (US$m) # of Deals per MA Imputed Fees (US$m) Mandated Arranger Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch. Santander 1 3, BBVA 2 2, Citi 3 2 2, Sumitomo Mitsui Finl Grp Inc 7 2, Mizuho Financial Group 5 2, HSBC Holdings PLC 5 2, BNP Paribas SA 7 1 2, Mitsubishi UFJ Financial Group 1, Credit Agricole CIB 12 1, Natixis 1 1, Societe Generale , Scotiabank , JP Morgan , , ING Itau Unibanco Rabobank NV Grupo Financiero Banorte-Ixe KfW IPEX-Bank GmbH Banco BTG Pactual SA Deutsche Bank Credit Mutuel SA 22 3* Banca IMI (Intesa Sanpaolo) Caixa Economica Federal Oversea-Chinese Banking , Industry Total 3, Industry % Change over Same Period Last Year Industry % Change over Last Quarter *tie -3.% 17.3% -2.2% 23.1% -25.% 5.% Proceeds (US$b) 3 2 1Q 2Q 3Q Q 1Q 2Q 3Q Q 1Q 2Q 3Q Q 1Q 2Q 3Q Q 1Q 2Q 3Q Q 1Q 2Q 3Q Q 1Q 2Q 3Q Undisclosed (US$b) Highly Leveraged (US$b) Leveraged (US$b) Americas Imputed Fees - Mandated Arrangers Total Imputed Fees (US$b) ,27 3, 2,712 1,25 2,171 3,11 2,53 3,51 3,1 $3. $5.3 $3.1 $2.3 $3. $.7 $. $.2 $. $.7 First Nine Months 3, Total Imputed Fees (US$b) Number of deals, 3,5 3, 2,5 2, 1,5 1, 5

9 First Nine Months 215 Syndicated Loans Managing Underwriters Europe, Middle East & Africa EMEA Deals Intelligence EMEA Borrowing Down by 1% Kuwait and South Africa Targeted Loans Up Significantly BNP Paribas Top EMEA Fee Earner ` EMEA Use of Proceeds (US$b) 215 EMEA syndicated lending for the first nine months of 215 reached US$772. billion, a decrease of 1.3% from the same period last year. Borrowers from the Energy and Power sector were again the main drivers of EMEA activity, accounting for 22% of volume, with borrowers from Industrials and Financials receiving 1% and 12% of loan proceeds, respectively. General Corporate Purposes made up 5% of loan uses in the year-to-date period, followed by Acquisition Financing and Refinancing, accounting for 1% and % shares, respectively. The target nations with some of the largest year-on-year gains were Kuwait (up tenfold), Italy (up threefold), Turkey (up 7%), and South Africa (up %). Target nations in decline included Denmark (down 7%), Russian Federation (down 3%) and Germany (down 7%). According to Thomson Reuters/Freeman Consulting, in the first nine months of 215 arranging fees decreased 2.% from the same period a year ago. The leading fee earner in the EMEA region was BNP Paribas, with US$157.7 million in fees (a 5.% wallet share). Top EMEA Syndicated Loans (US$m) Glencore PLC 215 $15,25. $. % $1. 2% $5. % $22.3 3% $.7 % $73. % $7.5 1% $35. 5% General Corporate Purposes Acquisition Financing Refinancing Refinance Bank Debt Project Finance Export/Import Finance Property Acquisition Royal Dutch Shell PLC Enel SpA $,7. $15,25. Leveraged Buyout ARAMCO $,. Capital Expenditures Anheuser-Busch Inbev $,. Hutchison 3G UK Holdings Ltd $,2. Others EMEA s (R17) EMEA Mandated Lead Arrangers (R1) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Proceeds per MLA (US$m) # of Deals per MLA Imputed Fees (US$m) Market # of Market Change Manager Market Market Market # of Market Change Manager Market Market Market in Market in Rank Rank Share % Share Ch. Deals # of Deals Fees Share % Share % Share Ch. Mandated Arranger Rank Rank Proceeds Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. HSBC Holdings PLC 1 32, BNP Paribas SA , BNP Paribas SA 2 1 2, HSBC Holdings PLC 2 2 3, Deutsche Bank 3 2 2, Barclays 3 3 2, JP Morgan 11 22, Deutsche Bank 7 2, Credit Agricole CIB 5 3 2, Societe Generale 5 27, Barclays 7 1, Credit Agricole CIB 5 25, Societe Generale 7 17, ING 7 25, Santander 15 17, JP Morgan 11 2, UniCredit 5 1, RBS 2, RBS 15, UniCredit 12 22, ING 11 15, Santander , Citi , Citi 12 2, Commerzbank AG 13 13, Commerzbank AG 13 1, Mitsubishi UFJ Financial Group , Mitsubishi UFJ Financial Group , Goldman Sachs & Co , Lloyds Bank , Natixis , , , Natixis , Morgan Stanley 1 1 7, Sumitomo Mitsui Finl Grp Inc , Lloyds Bank 1 2 7, Mizuho Financial Group , Banca IMI (Intesa Sanpaolo) 2 2 7, Banca IMI (Intesa Sanpaolo) 2 2, Sumitomo Mitsui Finl Grp Inc 21 32, Goldman Sachs & Co 21 2, Standard Chartered PLC 22 2, Standard Chartered PLC 22 2, BBVA 23 2, BBVA 23 21, DNB ASA 2 22, Credit Suisse , Mizuho Financial Group , Rabobank NV , , , , , Total 2, ,735.. Industry Total 772, ,3-3 2,3.. Industry % Change from Same Period Last Year -23.5% -2.2% -35.1% Industry % Change from Same Period Last Year -1.3% Industry % Change from Last Quarter -3.% -2.5% -1.5% Industry % Change from Last Quarter -2.2% -2.7% -2.% -2.1% -23.% Club deal volume is not included in Thomson Reuters' League Tables; however, Mandated Lead Arrangers volumes include both bookrun and club transactions. 7

10 First Nine Months 215 Syndicated Loans Managing Underwriters Europe, Middle East & Africa European Leveraged Loans (P) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Deutsche Bank 1 1, BNP Paribas SA 2 3, JP Morgan 3, HSBC Holdings PLC, Goldman Sachs & Co 5, UniCredit 5, Barclays 7 1, Credit Agricole CIB 2 3, Morgan Stanley 2, , ING , Societe Generale 12 2, Natixis , Banca IMI (Intesa Sanpaolo) , Mitsubishi UFJ Financial Group , Credit Suisse , RBS , Citi , China Construction Bank 1-1, Nomura , Commerzbank AG , UBS Santander Standard Chartered PLC , Total 3, Industry % Change from Same Period Last Year -37.3% -1.% -3.% Industry % Change from Last Quarter -.1% -3.7% -35.2% EMEA Sponsored Loans (P13) Proceeds per (US$m) # of Deals per Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Deutsche Bank 1 1, BNP Paribas SA 2 2, Goldman Sachs & Co 3 5 2, HSBC Holdings PLC 12 2, JP Morgan 5 2, Credit Agricole CIB 2, UniCredit 7 3 1, ING 7 1, Barclays 1 1, RBS 1 1, Credit Suisse 11 1, Natixis , Societe Generale 13 1, Mitsubishi UFJ Financial Group RBC Capital Markets Nomura National Bank of Kuwait SAK Commerzbank AG Rabobank NV UBS Citi Morgan Stanley Mizuho Financial Group Banca IMI (Intesa Sanpaolo) , Total, Industry % Change from Same Period Last Year -1.1% -15.5% -.% Industry % Change from Last Quarter -37.% -2.3% -3.% Imputed Fees (US$m) EMEA Quarterly Syndicated Loan Volume Proceeds (US$m) $5, $, $35, $3, $25, $2, $15, $, $5, $ EMEA Proceeds (US$m) Number of deals EMEA Syndicated Loans by Industry (US$b) Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q Energy and Power EMEA Imputed Fees Total Imputed Fees (US$m) $7, $, $5, $, $3, $2, $1, $2.1 5% $37. $. 5% 5% $32.2 % $ $2. % $3.7 % 1,1 1,25 $1.5 11% $2. % 1,5 $2. % 7 $2. 12% $ % 21 1,25 $125. 1% 1, 1,137 Industrials Financials Materials Consumer Staples Real Estate 53 7 Media and Entertainment Telecommunications Retail Total Imputed Fees (US$m) Number of Deals 1 1,13 1, Consumer Products and Services Healthcare High Technology

11 Asian Syndicated Loans Continues Slow Down l North Asia Captures 2% Australia Down 3% First Nine Months 215 Syndicated Loans Managing Underwriters Asia (ex-japan) Asia & Australia Deals Intelligence Asian Syndicated Loans volume in the first nine months fell 15% from the same period in 21, posting US$37.3 billion of closed deals from transactions. Volume fell across all countries with a completed volume of US$11. billion, China led market activity in Asia and captured 37.% of total market activity. Hong Kong and Taiwan followed with completed volumes of US$3.7 billion and US$32. billion respectively. Taiwan High Speed Rail Corporation had the largest deal in the third quarter, with lenders agreeing to restructure and refinance the US$12.1 billion facility closed in 2 after Taiwan s Ministry of Transport and Communication extended the operation concession from 35 to 7 years. Down 2.% from the same period in 21, Australia loans totaled US$5.5 billion from 121 transactions. TPT Telecom and Amcor signed the biggest loans in the Australia this quarter, worth US$1. billion and US$1.3 billion respectively, and boosting volumes in the telecommunications and shipping sectors. According to Thomson Reuters/Freeman Consulting, estimated fees from Asian syndicated lending totaled US$1 billion in the first three quarters of 215, down 2.% from the comparable period in 21. In Australia, estimated fees were US$22. million, 32.7% lower compared to the same period last year. Top Asia Syndicated Loans (Ex Japan, Ex Australia) Taiwan High Speed Rail Corp Yalong River Hydropower Dvlp Cheung Kong (Hldg) Ltd- Ppty Cheung Kong (Hldg) Ltd- Ppty Guangdong Nanyue Chaozhang Tianjin Zhongwang Aluminium MGM Grand Paradise SA Shanghai General Motors Guangxi Datengxia Gorge Water ONGC Petro-additions Ltd $5,11.1 $3,775. $3,22. $3,1.3 $2,1.5 $2,7.1 $2,23.5 $,.7 $7,2.5 Asia Loans - s (US$, EURO, JPY, A$, HK$ & S$) (S3i) 215 $12,52. Proceeds per (US$m) # of Deals per Arranger Imputed Fees (US$m) Rank Rank ProceedsShare % Share Ch. DealsShare % # of Deals FeesShare % Share Ch. Bank of China Ltd 1 1, Standard Chartered PLC 2 1 7, HSBC Holdings PLC 3 3 5, ANZ Banking Group 5, Deutsche Bank 5 7, Mizuho Financial Group 3, DBS Group Holdings 7 2 3, Mitsubishi UFJ Financial Group 3, Oversea-Chinese Banking 13 2, ING 23 2, Sumitomo Mitsui Finl Grp Inc 11 2, Industrial & Comm Bank China , , China Development Bank 1 1, CTBC Financial Holding Co Ltd , BNP Paribas SA , Fubon Financial Holding Co Ltd , United Overseas Bank Ltd , Natixis Malayan Banking Bhd Top Twenty Total 3, Total, Asia Loans - s (All Currencies) (S5c) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank ProceedsShare % Share Ch. DealsShare % # of Deals FeesShare % Share Ch. Bank of China Ltd , Industrial & Comm Bank China , Bank of Taiwan , China Development Bank 11, State Bank of India 5 1, Standard Chartered PLC 5, China Construction Bank 7 11, HSBC Holdings PLC 7, Agricultural Bank of China 1 5, ANZ Banking Group 5, DBS Group Holdings 11, Mizuho Financial Group 12, Deutsche Bank 13 12, Axis Bank Ltd 1 1 3, Korea Development Bank 15 3, Mitsubishi UFJ Financial Group 1 1 3, CTBC Financial Holding Co Ltd , Shanghai Pudong Development Bk 1 3 2, Oversea-Chinese Banking 1 2 2, Sumitomo Mitsui Finl Grp Inc , Mega Financial Holding Co , ING , Taiwan Cooperative Bank , Fubon Financial Holding Co Ltd 2 2 2, BNP Paribas SA , , Total 225, Industry % Change from Same Period Last Year -.% Industry % Change from Last Quarter -2.% Asia Loans - Mandated Arrangers (All Currencies) (S5b) -22.% -32.5% -23.% -22.3% Proceeds per Mandated Arranger (US$m) # of Deals per Arranger Imputed Fees (US$m) Mandated Arranger Rank Rank ProceedsShare % Share Ch. DealsShare % # of Deals FeesShare % Share Ch. Bank of China Ltd , Industrial & Comm Bank China , China Development Bank 3 15, State Bank of India 2 15, Bank of Taiwan , China Construction Bank 12, HSBC Holdings PLC 7 5, DBS Group Holdings 7 7, Agricultural Bank of China 1, Sumitomo Mitsui Finl Grp Inc, Standard Chartered PLC 11, Mitsubishi UFJ Financial Group 12, ANZ Banking Group 13 5, Mizuho Financial Group , Oversea-Chinese Banking , Korea Development Bank 1 15, Axis Bank Ltd , United Overseas Bank Ltd 1 1 3, ING 1 2 3, Malayan Banking Bhd 2 1 3, CTBC Financial Holding Co Ltd , Shanghai Pudong Development Bk , BNP Paribas SA , , Bank of Communications Co Ltd , , Industry Total 37, ,35.3. Industry % Change from Same Period Last Year -1.% Industry % Change from Last Quarter -.2% -12.3% -35.2% Industry % Change from Same Period Last Year -15.% -2.1% -2.% -21.2% -22.% Industry % Change from Last Quarter -27.% -32.% -2.5%

12 Australia Loans - s (All Currencies) (S7) First Nine Months 215 Syndicated Loans Managing Underwriters Asia (ex-japan) & Australia Australia Loans - Mandated Arrangers (All Currencies) (Sa) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Proceeds per Mandated Arranger (US$m) # of Deals per Arranger Imputed Fees (US$m) Rank Rank ProceedsShare % Share Ch. DealsShare % # of Deals FeesShare % Share Ch. Mandated Arranger Rank Rank ProceedsShare % Share Ch. DealsShare % # of Deals FeesShare % Share Ch. Westpac Banking 1 3 5, ANZ Banking Group 1 1, ANZ Banking Group 2 1 5, Westpac Banking 2 2, National Australia Bank 3 2, National Australia Bank 3 3, Commonwealth Bank of Australia 3, Commonwealth Bank of Australia, HSBC Holdings PLC 5 5 2, Mitsubishi UFJ Financial Group 5 2, Mitsubishi UFJ Financial Group 1, HSBC Holdings PLC 5 2, Barclays Sumitomo Mitsui Finl Grp Inc 7 2, Scotiabank Mizuho Financial Group 15 1, Bank of China Ltd Bank of China Ltd 27 1, Goldman Sachs & Co Scotiabank 12 1, Top Ten Total 27, Top Ten Total 1, Total 27, Industry Total 5, Industry % Change from Same Period Last Year -12.% -15.% -32.% Industry % Change from Last Quarter -3.% -32.% 3.% *tie Industry % Change from Same Period Last Year -2.% Industry % Change from Last Quarter -27.% -1.2% -.% -32.7% 13.2% Top Australia Syndicated Loans 215 Asian Loans by Maturity Date Federation Centres Finance Lend Lease Finance Ltd Ramsay Health Care Ltd BHP-Non-core Assets TPG Telecom Ltd Amcor Ltd EnergyAustralia Holdings Ltd $1,5. $1,5. $1,353. $1,32. $1,325.2 $2,512. $3,51.5 Proceeds (US$b) Proceeds (US$b) SDP Finco Pty Ltd $1, Astra SLR Finance Pty Ltd Sonic Healthcare Ltd $1,21. $1,1. - $251.5 $235.5 $2.7 $235. $ Australian Loans Proceeds by Industry (US$m) 215 Asian Loans by Currency (%) First Nine Months $,57.5 1% $,2.3 1% $,5. 15% $5,7. 13% Financials Real Estate Industrials Materials 5.%.3% 2.% 2.% 27.%.% 3.2% 3.1%.5% 32.1% Energy and Power $12,7.5 27% $,15.7 % Healthcare.% 53.7% 57.2% 75.% 72.2% 5.% 5.% 5.% 5.5% 7.% Local Currency G3

13 First Nine Months 215 Syndicated Loans Managing Underwriters Japan Japanese Syndicated Lending Down 3% Ichthys LNG Pty Ltd Largest Japanese Deal in Q3 Non-Japanese Borrower Activity Up 2% Japan Deals Intelligence OverallJapanese syndicated lending for the first nine months of 215 declined 3% from the same period last year, with proceeds reaching US$177.3 billion from 1, deals. Loans for working capital led the market during the first nine months of 215, accounting for % of the total volume. General Corporate Purposes and Capital Expenditure loans followed, accounting for 2% and % marketshare respectively. Japanese loan cross border transactions for non-japanese borrowers during the third quarter of 215 significantly increased, with US$.2 billion in proceeds from 22 deals, compared to US$31. million in proceeds from the second quarter. This was driven by Ichthys LNG Pty Ltd s US$5 billion deal booked by Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank, and Sumitomo Mitsui Banking Corp in September. Top Ten Deals Closing Date Borrower Package Amt (US$m) 3/25/215 Orchid Alliance Holdings Ltd 11,3. /3/215 /3/215 /17/215 Ichthys LNG Pty Ltd JX Holdings Inc Asahi Kasei Corp,7. 3, ,333. /2/215 Itochu Corp 2,25. 2/2/215 Sumitomo Corp 2,77.3 3/31/215 Marubeni Corp 2,. 7/31/215 Sony Corp 2,21. /2/215 NEC Corp 1,77.3 //215 Mitsubishi Heavy Industries 1,711.5 Overall Japan Loans Volume 215 Primary UOP General Corp. Purp. Refinancing Working Capital Working Capital Working Capital Working Capital General Corp. Purp. Working Capital Working Capital Japan Loans - s (S12b) Proceeds per (US$m) # of Deals per Market Market # of Market Change in Rank Rank ProceedsShare % Share Ch. Deals Sh % # of Deals Mizuho Financial Group 1 1, Mitsubishi UFJ Financial Group 2 2, Sumitomo Mitsui Finl Grp Inc 3 3 2, Development Bank of Japan Inc 1, Aozora Bank Ltd 5 1, Resona Holdings Inc 7 1, Citi 7 5 1, Sumitomo Mitsui Trust Holdings 1, Bank of Yokohama 1, Shinsei Bank BNP Paribas SA Credit Agricole CIB Tokyo Star Bank Fukuoka Financial Group Inc Bank Ltd Nishi-Nippon City Bank Ltd Daishi Bank Ltd Shinkin Central Bank Hiroshima Bank Ltd Shoko Chukin Bank Gunma Bank Senshu Ikeda Holdings Inc Hokuhoku Financial Group Inc Chugoku Bank Ltd Ashikaga Bank Ltd ,... Total 1,.. 1, - $35 Q Proceeds (US$b) Q3 Proceeds (US$b) 2,5 Industry % Change from Same Period Last Year -5.2% -2.% Industry % Change from Last Quarter 57.1% 1.2% $3 2,51 Q2 Proceeds (US$b) Q1 Proceeds (US$b) 1,2 2, Japan Loans Proceeds by Industry (US$m) 215 $2, % Proceeds (US$b) $25 $2 $15 1,5 1,1 1, 1,2 1,7 1, 1,5 1, # of Deals $,3.7.% $1,5.7 7.% $1,27..1% $15,23..% $17,1..%. $3,. 17.5% $22, % $2,. 1.2% $ $5 5 Industrials Energy and Power Real Estate Financials Materials High Technology Consumer Staples Consumer Products and Services Retail Healthcare $ Media and Entertainment Telecommunications Government and Agencies 11

14 First Nine Months 215 Syndicated Loans Managing Underwriters Japan Japan Loan Volume - Non-Japanese Borrowers Japan Loans - Mandated Arrangers (S12a) Proceeds (US$ m) $7, $, $5, $, $3, $2, $1, $ Proceeds (US$m) No. of Deals Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q3 Q Q1 Q2 Q Proceeds per Mandated Arranger (US$m) # of Deals per MA Market Market # of Market Change in Mandated Arranger Rank Rank ProceedsShare % Share Ch. Deals Sh % # of Deals Mizuho Financial Group 1 1 5, Mitsubishi UFJ Financial Group 2 3, Sumitomo Mitsui Finl Grp Inc 3 2 5, Sumitomo Mitsui Trust Holdings 5, Development Bank of Japan Inc 5 1, Resona Holdings Inc 7 1, Aozora Bank Ltd 7 1, Bank of Yokohama 1, Credit Agricole CIB 1, Shinsei Bank 12 1, BNP Paribas SA Citi Fukuoka Financial Group Inc Tokyo Star Bank Hiroshima Bank Ltd Nishi-Nippon City Bank Ltd Hokuhoku Financial Group Inc Bank Ltd Shinkin Central Bank Daishi Bank Ltd Sapporo Hokuyo Holdings Inc Taishin International Bank 22* 23* ING 22* 23* CTBC Financial Holding Co Ltd 22* * State Bank of India , Industry Total 177,25.. 1, -1 Industry % Change from Same Period Last Year -3.2% -.% Industry % Change from Last Quarter 5.5% 172.7% *tie Japan Loan Volume by Maturity Date Japan Loans - Top Uses of Proceeds (US$m) 215 Proceeds (US$b) $25 $2 $15 $ Proceeds(US$b) 127 2, 1, 1, 1, 1,2 1, $,5. $,23. 3% % $13,. % $1,755.2 % $3,11. 2% $,2. 3% $1,2.2 2% $2,3. 1% $2,12. 1%. $75,12.5 % Working Capital General Corporate Purposes Capital Expenditures Refinancing Property Acquisition Future Acquisitions $ Acquisition Financing Refinance Bank Debt 2 $ & Beyond Operating Fund/Cash Reserve Export/Import Finance 12

15 First Nine Months 215 Syndicated Loans Managing Underwriters Ranking Criteria Summary If you would like to participate in the submission process, receive quarterly press releases, or have questions about league table criteria please contact: Americas Salvatore Reres Tel: Europe Ewelina Jarecka Tel: ewelina.jarecka@thomsonreuters.com Asia-Pacific Emily Au Tel: emily.au@thomsonreuters.com Japan Megumi Kono Tel: megumi.kono@thomsonreuters.com - Database coverage includes all loan transactions that have reached financial close by the submission deadline and of which Thomson Reuters has been made aware. All current and previous year's data is as of 12:pm EST on September 3, Global, Americas, EMEA, Asia-Pacific and Japan bookrunner and mandated arranger league table volumes and rankings are based on general close date instead of financial close date. - Bilateral, self-arranged, commercial and unknown loans are excluded from league tables as well as loans with a maturity of less than days. - All league tables are based on deal proceeds unless otherwise specified. Regional league tables are based on Target Market. - league tables will give full credit to the bookrunner, equal if joint. In cases of consolidation, credit will be given to the surviving/parent firm - Mandated Arranger league tables will give equal credit to the Non-Americas mandated arranger and equal credit to the Americas Tier 1 agent. In cases of consolidation, credit will be givien to the surviving/parent firm. - Imputed fees are calculated using Freeman Consulting proprietary algorithm where spreads or fees are not disclosed. Deal fees are on a gross basis before all expenses. Each underwriter or advisor is allocated its share of deal fees using Freeman & Co. allocation methodology, based on the number of underwriters or advisors on the deal and their role. No fees are allocated to syndicated members. - Non-US dollar denominated transactions are converted to the US dollar equivalent at the time of pricing. - league tables include club syndicate transactions that are sold down in the syndication process to firms that were not part of the original club syndicate. Mandated Arranger league tables include all club syndicate transactions, regardless of sell-down process. - and Mandated Arranger league tables only include amendments that require % lender vote for the following amendments: decrease in pricing, change in tenor if maturity is extended by a period of more than days, guarantor or collateral release. An increase in deal size after syndication has ended will be reflected as an add on tranche. - League table volumes for Mitsubishi UFJ Financial Group and Morgan Stanley, included herein, reflect changes after the commencement of their jointly established securities firms in Japan: (1) Mitsubishi UFJ Morgan Stanley Securities and (2) Morgan Stanley MUFG Securities. Credit for the newly established joint ventures rolls up to Morgan Stanley. For Japanese involvement league tables Morgan Stanley will be represented as "Mitsubishi UFJ Morgan Stanley". - Thomson Reuters Investment Banking loans data is compiled in conjunction with Loan Pricing Corporation (LPC). In combination, Thomson Reuters Investment Banking and LPC offer the most comprehensive and accurate view of the syndicated loans market available. While Thomson Reuters has used reasonable endeavors to ensure that the information provided in this document is accurate and up to date as at the time of issue, neither Thomson Reuters nor its third party content providers shall be liable for any errors, inaccuracies or delays in the information, nor for any actions taken in reliance thereon, nor does it endorse any views or opinions of any third party content provider. Thomson Reuters disclaims all warranties, express or implied, as to the accuracy or completeness of any of the content provided, or as to the fitness of the content for any purpose to the extent permitted by law. The content herein is not appropriate for the purposes of making a decision to carry out a transaction or trade and does not provide any form of advice (investment, tax, legal) amounting to investment advice, nor make any recommendations or solicitations regarding particular financial instruments, investments or products, including the buying or selling of securities. Thomson Reuters has not undertaken any liability or obligation relating to the purchase or sale of securities for or by any person in connection with this document. 215 Thomson Reuters. All rights reserved. Thomson Reuters and the Thomson Reuters logo are registered trademarks and trademarks of Thomson Reuters and its affiliated companies. Any third party name or mark herein belongs to the relevant third party. 13

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