Reuters / Baz Ratner GLOBAL INVESTMENT BANKING REVIEW

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1 Reuters / Baz Ratner FULL YEAR 2017

2 Global IB Fees Hit Record High Technology Fees Down 10% JP Morgan Tops Rankings Financial Sponsor Fees Up 24% Global Investment Banking Fees Total US$103.9 Billion; Highest Annual Total for IB Fees Since Our Records Began in 2000; Japan Fees Up 50% Stability at the Top of Global Investment Banking Fee Rankings; JP Morgan Retains the Top Spot; the Top Ten Banks Lose a Collective 0.6 Wallet Share Points Financials Fees Accounts for 30% of the Overall Fee Pool; Technology Fees Down 10%; Fees in Consumer Products, Telecoms, and Retail Register Sharp Growth Financial Sponsor Fees Up 24%; Blackstone Group and Goldman Sachs Top the Financial Sponsor Rankings Mergers & Acquisition Fees Up 2%; Debt Capital Markets Fees Up ; Equity Capital Markets Up 42%; Syndicated Lending Fees Up 16% Estimated fees generated by global investment banking activities totaled US$103.9 billion during full year 2017, a 16% increase compared to the previous year and the highest annual total for IB fees since our records began in Estimated fees in the Americas reached US$51.3 billion, the region s second largest full year total since Investment banking activity in the Asia-Pacific region totaled US$21.6 billion in fees, a 16% uptick compared a year ago and the region s highest annual total on record. Similarly, fees in Japan hit an all-time high of US$5.5 billion, a 50% increase compared to JP Morgan retained the top spot in the global investment banking rankings, earning an estimated US$6.7 billion in fees, or 6% of global wallet share. Goldman Sachs and Citi retained the second and fifth rankings, respectively, from last year. Bank of America Merrill Lynch took the third spot, up from fourth last year, while Morgan Stanley fell to fourth. The top five banks, by fees, all registered double-digit growth in IB fees compared to a year ago, accumulating a collective 27% of global wallet share. Fees generated by Financials-related transactions during full year 2017 comprised the largest share of the global fee pool with US$31.6 billion in fees, a 27% increase compared the previous year. Fees generated by transactions in the Technology sector totaled US$7.2 billion, a 10% decrease compared to Estimated IB fee revenue from the Consumer Products, Telecommunications, and Retail sectors all registered sharp growth compared to a year ago, increasing 35%, 41%, and 38% percent, respectively. JP Morgan topped the fee rankings in the five largest sectors of the year. IB fees produced by financial sponsors and their portfolio companies totaled a collective US$12.2 billion during full year 2017, a 24% uptick compared to full year Imputed fees from portfolio company activities accounted for 36% of the overall fee wallet, or US$4.32 billion. M&A exits constituted the next largest share with US$4.28 billion in fees. The Blackstone Group took the top spot in the Financial Sponsor rankings, up from third last year, with an 87% increase in fees paid. Goldman Sachs retained the top spot for Investment Banks, earning an estimated US$1.1 billion in fees. The M&A advisory fee pool totaled US$28.1 billion during full year 2017, a 2% increase compared to the last year, and accounted for 27% of the global fee pool. Debt capital markets underwriting generated US$31.3 billion in fees, up compared to the previous year and the highest annual total for DCM on record. Fees from equity capital markets underwriting reached US$22.4 billion during full year 2017, with Follow-On offerings and IPOs constituting 57% and 35% of ECM fees, respectively. Syndicated Lending fees registered a 16% uptick compared to a year ago, contributing US$22.2 billion to global fee pool. MEDIA CONTACT: CRITERIA SUMMARY: Americas Ilya Hemlin ilya.hemlin@thomsonreuters.com All data is as of 9:00am ET on January 2, 2018 and sourced via Deals Business Intelligence Europe Asia-Pacific Eddie Dunthorne Janet Jin eddie.dunthorne@thomsonreuters.com janet.jin@thomsonreuters.com Volumes based on Thomson Reuters industry-leading Deals content (M&A, Equity, Bonds and Loans) and algorithm for imputing investment banking fees Thomson Reuters Deals Intelligence, a part of Thomson Reuters Advisory & Investing division, brings up to the minute market intelligence to our clients and the financial media through a variety of research reports including Daily Deals Insight, weekly Investment Banking Scorecard, monthly Deals Snapshots and our industry-leading quarterly reviews highlighting trends in M&A and Capital Markets. Date periods referred to within based on the effective date for M&A, the issue date for Equity and Bonds and the closing date for Loans Geographies and sectors are based on the nation of headquarters and macro industry of the deal participant's parent Source: Thomson Reuters Deals Business Intelligence

3 Global Investment Banking Fee Trend (US$b) Global IB Fees by Region: Full Year 2017 (US$m) $69.8 $ % CAGR $96.4 $83.5 $76.1 $77.0 $92.0 $89.9 $103.9 Americas $ 51,281.6 fees 11.1% Global $ 103,922.1 fees 15.6% EMEA Japan $ 25,529.7 fees $ 5,500.4 fees 19.5% 50.4% Asia-Pacific $ 21,610.4 fees 15.7% YOY % 13.5% -4.0% 1.2% 8.5% 15.4% -4.5% -2.4% 15.6% Global Investment Banking Fees by Product (US$b) 45% 40% 35% 30% 31% 30% 30% 27% 27% 28% 27% 25% 26% 25% 23% 23% 21% 21% 21% 20% 19% 20% 10% 11% 5% Global Quarterly Investment Banking Fees by Region (US$b) $35 $30 $25 $20 $15 $10 $5 Q4 '17 vs. Q3 '17: Global (-2.9%) Japan (-19.0%) Asia-Pacific (-4.5%) EMEA (-5.5%) Americas (+1.3%) 0% $ Bonds Equity Loans M&A Source: Thomson Reuters Deals Business Intelligence

4 Global IB Fees by Nation: Full Year 2017 Fees (US$) / Year-over-Year Change (%) Source: Thomson Reuters Deals Business Intelligence

5 Global Investment Banking: Top Banks - Full Year 2017 (US$m) Rank Fees (US$m) Share 2017 YOY Bank Name 2017 YOY 2017 YOY 1 - = JP Morgan $ 6, % 6.4% = Goldman Sachs & Co 5, % 5.7% Bank of America Merrill Lynch 5, % 5.1% Morgan Stanley 5, % 4.9% = Citi 5, % 4.8% Credit Suisse 3, % 3.3% Barclays 3, % 3.3% = Deutsche Bank 2, % 2.7% RBC Capital Markets 2, % 2.1% Wells Fargo & Co 2, % 2.0% HSBC Holdings PLC 2, % 1.9% UBS 1, % 1.9% Mizuho Financial Group 1, % 1.7% = BNP Paribas SA 1, % 1.6% Sumitomo Mitsui Finl Grp Inc 1, % 1.4% Mitsubishi UFJ Financial Group 1, % 1.3% Bank of China Ltd 1, % 1.3% Jefferies LLC 1, % 1.3% US Bancorp 1, % 1.2% = Nomura 1, % 1.1% BMO Capital Markets 1, % 1.0% TD Securities Inc % 1.0% Lazard % 0.9% Credit Agricole CIB % 0.9% CITIC % 0.8% 0.0 Global Total $ 103, % Product Mix - Full Year 2017 Bonds Equity Loans M&A Source: Thomson Reuters Deals Business Intelligence

6 Global Investment Banking: Top Banks by Product/Region/Sector - Full Year 2017 (US$m) By Region By Product By Sector IB Fees (US$m) Top 5 Banks by Fees & Share - Full Year YOY Top 5 Bank #1 Bank #2 Bank #3 Bank #4 Bank #5 Global IB $ 103,922.1 $ 89, % 27.0% JPM (6.4%) GS (5.7%) BOAML (5.1%) MS (4.9%) CITI (4.8%) Americas $ 51,281.6 $ 46, % 36.8% JPM (8.8%) GS (8.0%) BOAML (7.5%) CITI (6.4%) MS (6.1%) Europe 23, , % 23.6% JPM (6.3%) GS (4.7%) DB (4.3%) BNPP (4.2%) BOAML (4.2%) Asia-Pacific 21, , % 17.6% BofCH (5.6%) CITIC (4.0%) ICBC (3.2%) MS (2.4%) CITI (2.4%) Japan 5, , % 62.9% MIZUHO (18.4%) SMFG (17.4%) NOMURA (10.8%) DAIWA (8.3%) MUFJ (7.9%) MEA 1, , % 26.4% CITI (6.4%) HSBC (5.9%) JPM (5.5%) MS (4.6%) GS (4.0%) Bonds $ 31,251.6 $ 27, % 27.3% JPM (7.1%) CITI (5.8%) BOAML (5.6%) GS (4.5%) MS (4.4%) M&A 28, , % 31.2% GS (8.8%) JPM (6.6%) MS (6.3%) BOAML (5.2%) CITI (4.3%) Equity 22, , % 28.5% MS (6.6%) JPM (6.6%) GS (6.1%) CITI (5.0%) BOAML (4.1%) Follow-On 12, , % 29.2% GS (6.9%) MS (6.7%) JPM (6.1%) BOAML (4.9%) CITI (4.5%) IPO 7, , % 27.4% MS (6.3%) CITI (6.0%) JPM (5.5%) GS (4.8%) CS (4.8%) Convertible 1, , % 39.6% JPM (14.8%) MS (7.2%) DB (6.2%) GS (5.9%) BOAML (5.4%) Loans 22, , % 22.7% BOAML (5.3%) JPM (5.2%) USBANC (4.6%) CITI (3.9%) BofCH (3.7%) Financials $ 31,567.8 $ 24, % 26.7% JPM (6.0%) GS (5.5%) CITI (5.2%) BOAML (5.0%) MS (5.0%) Energy & Power 10, , % 27.1% JPM (6.9%) CITI (6.1%) GS (5.0%) BOAML (4.7%) BARC (4.4%) Industrials 10, , % 22.8% JPM (5.3%) CITI (4.7%) GS (4.5%) BOAML (4.2%) MS (4.1%) High Tech 7, , % 34.2% JPM (9.5%) GS (9.1%) MS (6.7%) BOAML (5.0%) CS (4.0%) Healthcare 6, , % 36.4% JPM (10.7%) GS (8.9%) BOAML (6.3%) MS (5.9%) CITI (4.7%) Materials 6, , % 25.4% GS (6.3%) CITI (6.0%) JPM (5.8%) BOAML (3.9%) DB (3.4%) Govt & Agencies 6, , % 18.6% JPM (4.2%) CITI (4.0%) BofCH (3.7%) ICBC (3.4%) HSBC (3.3%) Real Estate 5, , % 26.7% BOAML (6.4%) MS (5.7%) JPM (5.7%) GS (4.7%) CITI (4.1%) Consumer Products 5, , % 25.0% GS (6.0%) JPM (5.9%) MS (4.5%) BARC (4.4%) BOAML (4.3%) Consumer Staples 3, , % 26.8% JPM (6.0%) GS (5.7%) MS (5.3%) BOAML (5.3%) DB (4.5%) Media & Ent 3, , % 33.1% GS (7.8%) MS (7.0%) BOAML (6.9%) JPM (5.8%) DB (5.6%) Telecom 3, , % 32.4% BOAML (7.5%) CITI (7.2%) MS (7.2%) JPM (5.8%) MIZUHO (4.8%) Retail 3, , % 35.0% BOAML (8.6%) GS (7.4%) MS (7.0%) JPM (6.6%) BARC (5.4%) *IB fees based on the period from January 01 through December Source: Thomson Reuters Deals Business Intelligence

7 Global Investment Banking: Top Corporate Fee Payers (US$m) IB Fees - All Products (US$m) IB Fees By Product ( *) Top 3 Banks & Share ( *) Company Name Avg Ann'l * Bonds Equity Loans M&A Top 3 Bank #1 Bank #2 Bank #3 Charter Communications Inc $ 299 $ 491 $ 256 $ % GS (22.8%) BOAML (18.0%) UBS (15.0%) GE % JPM (23.0%) CITI (11.0%) GS (10.1%) Anheuser-Busch Inbev SA/NV % DB (14.5%) BOAML (9.0%) BARC (8.6%) SoftBank Group Corp % MIZUHO (29.3%) SMFG (9.9%) CACIB (7.1%) AT&T Inc % JPM (11.2%) BOAML (9.6%) MIZUHO (8.1%) Japan Post Holdings Co Ltd % NOMURA (24.8%) DAIWA (20.3%) MS (12.6%) Banco Santander SA % GS (15.3%) UBS (10.4%) CITI (7.1%) Western Digital Corp % USBANC (68.5%) BOAML (7.6%) JPM (6.3%) Denali Holding Inc % CITI (13.3%) JPM (13.2%) BARC (13.0%) Toyota Motor Corp % NOMURA (46.6%) MUFJ (7.8%) SMFG (5.7%) Teva Pharmaceutical Industries % BARC (14.6%) GREENHILL (12.9%) MS (12.8%) China National Chemical Corp % CITIC (7.2%) MS (6.7%) HSBC (6.3%) China Investment Corp % HSBC (8.2%) UBS (6.2%) BoComm (5.3%) TransCanada Corp % RBC (13.3%) TD (13.2%) JPM (12.7%) Next Alt SARL % JPM (20.6%) BNPP (12.5%) BARC (10.5%) Actavis PLC % JPM (36.0%) MIZUHO (15.1%) WF (8.9%) Cheniere Energy Inc % SG (10.8%) MS (7.0%) MUFJ (6.7%) CVS Health Corp % BARC (37.9%) BOAML (15.5%) GS (14.4%) Credit Suisse Group AG % SANT (9.4%) CITI (8.0%) WF (6.7%) Microsoft Corp % JPM (13.5%) BOAML (13.5%) BARC (12.5%) UniCredit SpA % MS (11.0%) UBS (6.8%) JPM (6.5%) Southern Co % CITI (19.6%) BOAML (11.5%) WF (10.5%) Dell Technologies Inc % JPM (13.4%) CS (12.8%) RBC (12.1%) Valeant Pharms Intl Inc % DB (18.1%) BARC (17.6%) MS (11.2%) Verizon Communications Inc % GUGG (11.2%) BOAML (10.3%) JPM (9.9%) Top 25 Fee Payers 4,286 4,335 4,497 4, % JPM (8.2%) BOAML (6.7%) GS (6.4%) All Others 76,197 74,383 71,389 82, % JPM (6.9%) GS (6.4%) BOAML (5.6%) Global Total $ 80,483 $ 78,718 $ 75,887 $ 86, % JPM (6.6%) GS (6.1%) BOAML (5.4%) Notes: - Excludes Governments & Agencies, Government Sponsored Enterprises and self funded/advisory fees * 2017 volumes through December Source: Thomson Reuters Deals Business Intelligence

8 Financial Sponsor Fee Trend (US$b) $18 $16 16% 16% $14 14% $12 13% 12% 11% $10 10% $8 $15.7 $6 5% $13.4 $12.7 $11.2 $9.6 $9.8 $12.2 $4 $8.0 $2 $3.7 $ Sponsor Fees (US$b) Sponsor Fees as % of IB 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% Top Financial Sponsors by Fees - Full Year 2017 (US$m) Rank Fees (US$m) By Activity (Full Year 2017) ('17/'16) Sponsor Name 2017 YOY Buyouts Acq Fin. Exits Portfolio Other (1/3) Blackstone Group LP $ % (2/4) KKR & Co LP % (3/2) The Carlyle Group LP 348-4% (4/8) CVC Capital Partners Ltd % (5/1) Apollo Global Management LLC % (6/15) TPG Capital LP % (7/18) Clayton Dubilier & Rice LLC % (8/31) Bain Capital LP 230 >200% (9/5) Advent International Corp % (10/17) EQT Partners AB % (11/10) Vista Equity Partners LLC 158-5% (12/19) BC Partners LLP % (13/50) Onex Corp 146 >200% (14/61) Fortress Investment Group LLC 142 >200% (15/48) New Mountain Capital LLC 139 >200% (16/12) Cerberus Capital Management LP 135 0% (17/7) Permira Advisers LLP % (18/13) PAI Partners SAS 111-7% (19/34) American Securities LLC % (20/25) Warburg Pincus LLC % Sponsor Total $ 12,184 24% Financial Sponsor Fees by Activity Type (US$b) 40% 35% 30% 25% 20% 10% 5% 0% 22% 33% 35% 18% 17% 17% 17% 31% 18% 14% 29% 17% 12% 32% 21% - Financial sponsor fees based on pro rata methodology - Buyouts* include fees from related acquisition financings - Portfolio company activity included if sponsor's holding is estimated at 20+% - Other includes fees from capital raisings by and/or acquisitions of financial sponsors 36% 35% 19% 16% Buyouts* Exits (M&A & ECM) M&A Exits ECM Exits 23% 9% 27% 21% Financial Sponsors: Top Banks - Full Year 2017 (US$m) Rank Fees (US$m) By Activity (Full Year 2017) ('17/'16) Sponsor Name 2017 YOY Buyouts Acq Fin. Exits Portfolio Other (1/1) Goldman Sachs & Co $ 1,050 50% (2/3) Morgan Stanley % (3/7) JP Morgan % (4/5) Bank of America Merrill Lynch % (5/2) Credit Suisse % (6/4) Barclays 564 9% (7/6) Citi % (8/8) Deutsche Bank 441-5% (9/9) Jefferies LLC % (10/10) RBC Capital Markets % (11/11) UBS % (12/15) Wells Fargo & Co % (13/12) Rothschild & Co (14/13) BNP Paribas SA 192 7% (15/18) Nomura % (16/20) HSBC Holdings PLC % (17/16) Lazard % (18/23) BMO Capital Markets % (19/22) Macquarie Group % (20/14) Houlihan Lokey % Sponsor Total $ 12,184 24% Source: Thomson Reuters Deals Business Intelligence

9 Global Investment Banking: Top Banks by Product (US$m) Global M&A: Top Banks - Full Year 2017 (US$m) Global Equity: Top Banks - Full Year 2017 (US$m) Rank Fees Share Client Mix by Region Rank Fees Share Client Mix by Region 2017 YOY Bank Name 2017 YOY 2017 YOY Americas EMEA Asia-Pacific Japan 2017 YOY Bank Name 2017 YOY 2017 YOY Americas EMEA Asia-Pacific Japan 1 - = Goldman Sachs & Co $ 2,464-3% 8.8% Morgan Stanley $ 1,485 65% 6.6% JP Morgan 1,859-2% 6.6% JP Morgan 1,476 32% 6.6% Morgan Stanley 1,757-17% 6.3% Goldman Sachs & Co 1,369 69% 6.1% = Bank of America Merrill Lynch 1,448 45% 5.2% Citi 1,125 58% 5.0% = Citi 1,220 23% 4.3% Bank of America Merrill Lynch % 4.1% Lazard 972 0% 3.5% Credit Suisse % 3.9% Credit Suisse 914 2% 3.3% UBS % 2.8% = Barclays 893-3% 3.2% Deutsche Bank % 2.8% Rothschild & Co % 2.9% Barclays % 2.2% = Evercore Partners 731 1% 2.6% RBC Capital Markets % 1.9% UBS 594 5% 2.1% Nomura % 1.7% Deutsche Bank 576-3% 2.1% CITIC % 1.6% RBC Capital Markets 430-5% 1.5% Wells Fargo & Co % 1.4% = Jefferies LLC % 1.5% Jefferies LLC % 1.4% = Houlihan Lokey % 1.5% Sumitomo Mitsui Finl Grp Inc % 1.3% Centerview Partners LLC % 1.3% Daiwa Securities Group Inc % 1.3% Moelis & Co % 1.2% China Securities Co Ltd % 1.2% BNP Paribas SA 283 8% 1.0% GF Securities % 1.1% Guggenheim Securities LLC % 0.9% BMO Capital Markets 236 7% 1.1% Industrial & Comm Bank China % 0.8% China International Capital Co % 1.0% 0.1 M&A Total $ 28,078 2% Equity Total $ 22,418 41% Global Bonds: Top Banks - Full Year 2017 (US$m) Global Loans: Top Banks - Full Year 2017 (US$m) Rank Fees Share Client Mix by Region Rank Fees Share Client Mix by Region 2017 YOY Bank Name 2017 YOY 2017 YOY Americas EMEA Asia-Pacific Japan 2017 YOY Bank Name 2017 YOY 2017 YOY Americas EMEA Asia-Pacific Japan 1 - = JP Morgan $ 2,204 30% 7.1% Bank of America Merrill Lynch $ 1,168 3% 5.3% Citi 1,815 16% 5.8% JP Morgan 1,162 11% 5.2% Bank of America Merrill Lynch 1,736 5% 5.6% US Bancorp 1,015-28% 4.6% = Goldman Sachs & Co 1,398 14% 4.5% = Citi % 3.9% = Morgan Stanley 1,371 12% 4.4% Bank of China Ltd % 3.7% = Barclays 1,261 9% 4.0% Mitsubishi UFJ Financial Group % 3.7% HSBC Holdings PLC 1,067 41% 3.4% Mizuho Financial Group % 3.5% Deutsche Bank 1,028 1% 3.3% Barclays 760 6% 3.4% = Credit Suisse % 3.1% Credit Suisse % 3.3% Wells Fargo & Co 926-3% 3.0% Goldman Sachs & Co % 3.2% BNP Paribas SA % 2.4% Sumitomo Mitsui Finl Grp Inc % 2.9% RBC Capital Markets % 2.3% = HSBC Holdings PLC % 2.7% Mizuho Financial Group 570 1% 1.8% Deutsche Bank % 2.7% = UBS 502 9% 1.6% Wells Fargo & Co 584 8% 2.6% = Mitsubishi UFJ Financial Group % 1.5% = RBC Capital Markets % 2.6% Bank of China Ltd % 1.4% BNP Paribas SA % Nomura % 1.4% Morgan Stanley % 2.1% TD Securities Inc % 1.3% Jefferies LLC % 1.6% Credit Agricole CIB % 1.2% Credit Agricole CIB % 1.6% Societe Generale % 1.2% BMO Capital Markets % 1.6% 0.4 Bonds Total $ 31,252 Loans Total $ 22,175 16% Source: Thomson Reuters Deals Business Intelligence

10 Global Investment Banking: Top Banks by Region (US$m) Americas Investment Banking: Top Banks - Full Year 2017 (US$m) EMEA Investment Banking: Top Banks - Full Year 2017 (US$m) Rank Fees Share Product Mix Rank Fees Share Product Mix 2017 YOY Bank Name 2017 YOY 2017 YOY Bonds Equity Loans M&A 2017 YOY Bank Name 2017 YOY 2017 YOY Bonds Equity Loans M&A 1 - = JP Morgan $ 4,536 9% 8.8% = JP Morgan $ 1,603 42% 6.3% = Goldman Sachs & Co 4,113 16% 8.0% = Goldman Sachs & Co 1,181 14% 4.6% = Bank of America Merrill Lynch 3,840 13% 7.5% Citi 1,081 29% 4.2% Citi 3,296 24% 6.4% Deutsche Bank 1,059 32% 4.1% Morgan Stanley 3,110 13% 6.1% BNP Paribas SA 1,041 14% 4.1% = Barclays 2,352 7% 4.6% Morgan Stanley 1,032 19% 4.0% = Credit Suisse 2,250 9% 4.4% Bank of America Merrill Lynch 1,030 32% 4.0% = Wells Fargo & Co 1,925 2% 3.8% HSBC Holdings PLC % 3.6% RBC Capital Markets 1,849 21% 3.6% Barclays 897 1% 3.5% Deutsche Bank 1,404-13% 2.7% Credit Suisse % 3.0% US Bancorp 1,175-24% 2.3% = UBS % 2.6% = Jefferies LLC 1,095 34% 2.1% Societe Generale % 2.4% BMO Capital Markets 1,008 40% 2.0% Credit Agricole CIB % 2.2% TD Securities Inc % 1.7% Rothschild & Co % 2.1% UBS 745-1% 1.5% Lazard 476 1% 1.9% Evercore Partners % 1.3% = UniCredit % 1.8% Scotiabank % 1.2% = ING % 1.4% Mitsubishi UFJ Financial Group % 1.1% = Natixis % 1.3% HSBC Holdings PLC % 1.1% = Santander Global Corporate Bnk % 1.2% CIBC World Markets Inc % 1.0% = RBS % 0.0 Americas Total $ 51,282 11% EMEA Total $ 25,530 20% Asia-Pacific Investment Banking: Top Banks - Full Year 2017 (US$m) Japan Investment Banking: Top Banks - Full Year 2017 (US$m) Rank Fees Share Product Mix Rank Fees Share Product Mix 2017 YOY Bank Name 2017 YOY 2017 YOY Bonds Equity Loans M&A 2017 YOY Bank Name 2017 YOY 2017 YOY Bonds Equity Loans M&A 1 2 Bank of China Ltd $ 1,202 94% 5.6% = Mizuho Financial Group $ 1,014 39% 18.4% CITIC % 4.0% Sumitomo Mitsui Finl Grp Inc % 17.4% Industrial & Comm Bank China 694-5% 3.2% Nomura % 10.8% Morgan Stanley 523 5% 2.4% Daiwa Securities Group Inc % 8.3% Citi % 2.4% Mitsubishi UFJ Financial Group % 7.9% UBS % 2.3% Morgan Stanley 411-5% 7.5% HSBC Holdings PLC % 2.3% = Goldman Sachs & Co % 4.0% China International Capital Co % 2.1% Bank of America Merrill Lynch % 2.7% China Construction Bank % 2.1% JP Morgan % 2.3% JP Morgan 436 9% 2.0% Citi % 2.3% Credit Suisse % Sumitomo Mitsui Trust Holdings % 1.4% Goldman Sachs & Co % 2.0% = Barclays 59 75% 1.1% Haitong Securities Co Ltd % 1.8% Credit Agricole CIB % 1.0% Guotai Junan Securities 352 4% 1.6% BNP Paribas SA % 0.7% Deutsche Bank 342 1% 1.6% KPMG 31 40% 0.6% Bank of Communications Co Ltd 334 7% 1.5% Rothschild & Co 30-27% 0.5% China Merchants Securities Co % 1.4% Development Bank of Japan Inc 29 74% 0.5% GF Securities 302 9% 1.4% Evercore Partners % 0.5% Agricultural Bank of China % 1.4% Resona Holdings Inc % 0.5% China Securities Co Ltd % 1.3% UBS 24 53% 0.4% 0.0 Asia-Pacific Total $ 21,610 16% Japan Total $ 5,500 50% Source: Thomson Reuters Deals Business Intelligence

11 Thomson Reuters Solutions for the Deal Making Community FOR INFORMATION PROFESSIONALS SDC Platinum is the world s foremost financial transactions database, covering new issues, M&A, syndicated loans, private equity, project finance, poison pills, and more. Solution for: Market Analysis & Trends (Geography, Sector, Asset Class, Deal Type, Deal Size, etc.) Deal Origination (Debt Maturity Analysis, Company Lifecycle including Private Equity) Pitch Creation (Firm Credentials, Representative Acquirors) M&A Targeting (Active Strategic/Sponsor Acquirors, Target Company Screener) Negotiation (T&C Benchmarking) FOR STRATEGY AND PLANNING TEAMS Thomson Reuters Deals Business Intelligence enables you to slice and dice our renowned Deals and Fees data to create ad hoc reports, analyze market trends, benchmark your performance and identify opportunities all within a tool built into your workflow in Excel, saving you valuable time and giving you a competitive edge. Solution for: Conducting market analysis and identifying trends Benchmarking your performance and monitoring competitors Targeting clients by wallet size and banking relationship Allocating resources more effectively by evaluating and analyzing lost deals FOR INVESTMENT BANKERS Thomson Reuters Eikon is the most intuitive and comprehensive way of staying informed. With natural-language search, you can quickly find global information, news, charts and analytics. Company and industry views provide top-level summaries, and then detailed information is just a click away. Identify new opportunities and gain deep understanding of markets, industries, companies and events. Thomson Reuters Eikon also includes an Add- In for Microsoft Office to help you increase your efficiency. From screening and targeting to comparables analysis, building league tables, valuing a company and developing a client pitch book, you can do all this without leaving Microsoft Office. Search and autosuggest features in Excel make model-building easier. Solution for: Managing Client Relationships Deal Origination New Issues Pre-Marketing/Roadshows Financial Modeling Customized League Tables Simple Deals screening Valuation analysis and comparable deal screening On-brand pitch book creation Send us a sales enquiry at: financial.thomsonreuters.com/sales Read more about our products at: financial.thomsonreuters.com/products To purchase individual Thomson reuters Deals or League Table reports, please contact our Thomson Reuters On Demand group: Web: trondemand@thomsonreuters.com Access unique analysis for free anytime using Thomson Reuters Deals Intelligence website and receive regular updates, delivered direct to your inbox. Go to: dmi.thomsonreuters.com/dealsintelligence 2017 Thomson Reuters. Thomson Reuters and the Kinesis logo are trademarks of Thomson Reuters

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