mergermarket league tables of financial advisers to global M&A for Year End 2007

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1 January 02, 2008 mergermarket league tables of financial advisers to global M&A for Year End 2007 Contacts: Europe Nancy Costantinopoli (deal queries, submissions, etc.) Hannah Bagshawe (PR) Tel: Table of Contents: Global League Tables and Data 2-4 European League Tables 5-13 North American Tables Asia-Pacifi c League Tables Global M&A Breakdown 23 Criteria 24 About mergermarket 25 North America Jennifer Ruiz (deal queries, submissions, etc.) jennifer.ruiz@mergermarket.com Tel: Hannah Bagshawe (PR) hannah.bagshawe@mergermarket.com Tel: Asia-Pacific Carrie Ho (deal queries, submissions etc) carrie.ho@mergermarket.com Tel: Seye Im (PR) seye.im@mergermarket.com Tel: mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 1

2 Global League Tables of Financial Advisers League Table of Financial Advisers to Global M&A: League Table of Financial Advisers to Global M&A: Volume 1 1 Goldman Sachs 1,151, Morgan Stanley 1,016, Citigroup 976, JPMorgan 798, Merrill Lynch 774, UBS 724, Lehman Brothers 715, Credit Suisse 670, Deutsche Bank 620, Rothschild 374, Lazard 322, ABN AMRO 284, Greenhill & Co 205, Banc of America Securities 201, BNP Paribas 191, RBC Capital Markets 178, CIBC World Markets 150, Mediobanca 128, HSBC Bank 116, TD Securities 113, Citigroup 976, Goldman Sachs 1,151, KPMG Corp Fin 109, UBS 724, JPMorgan 798, Deloitte 87, Rothschild 374, Credit Suisse 670, Merrill Lynch 774, Morgan Stanley 1,016, PricewaterhouseCoopers Corp Fin 103, Ernst & Young 102, Lazard 322, Lehman Brothers 715, Deutsche Bank 620, ABN AMRO 284, M&A International Inc 5, BNP Paribas 191, Houlihan Lokey 54, RBC Capital Markets 178, mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 2

3 Global League Tables of Financial Advisers League Table of Financial Advisers to Global Buyouts: League Table of Financial Advisers to Global Buyouts: Volume 1 1 Citigroup 285, Goldman Sachs 190, Deutsche Bank 177, Lehman Brothers 146, Morgan Stanley 136, Merrill Lynch 126, JPMorgan 123, Banc of America Securities 92, Credit Suisse 84, TD Securities 48, Royal Bank of Scotland Group 48, HSBC Bank 47, UBS 44, PricewaterhouseCoopers Corp Fin 41, Deloitte 36, Macquarie Group 32, Bear, Stearns & Co 31, UniCredit Group 30, Wachovia Corporation 23, Perella Weinberg Partners 21, Deloitte 36, PricewaterhouseCoopers Corp Fin 41, Citigroup 285, KPMG Corp Fin 9, Ernst & Young 9, Credit Suisse 84, Goldman Sachs 190, UBS 44, Morgan Stanley 136, Lehman Brothers 146, Merrill Lynch 126, JPMorgan 123, Rothschild 12, Deutsche Bank 177, Grant Thornton Corporate Finance 1, Macquarie Group 32, BDO Corporate Finance Lazard 11, ABN AMRO 11, Banc of America Securities 92, Note: based on firms advising the bidder on buyout deals mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 3

4 Global M&A Trend Data and Top Global M&A Activity - Yearly Global Buyout M&A Activity - Yearly 4,000 3,500 Volume 16,000 14,000 1, Volume 3,000 3,000 12, ,500 of ($bn) 2,500 2,000 1,500 10,000 8,000 6,000 Volume of of ($bn) ,000 1,500 Volume of 1,000 4, , , Top Announced All Regions Announced Date Bidder Company Bidder Financial Adviser Target Company Target/Seller Financial Adviser Seller Company 29-May Jan Apr Jun-07 Royal Bank of Scotland Group plc; Fortis; and Santander Central Hispano SA Altria Group Inc (Shareholders) Enel SpA; and Acciona SA Teachers Private Capital; Providence Equity Partners Inc; and Madison Dearborn Partners LLC Fox-Pitt Kelton Cochran Caronia Waller; Greenhill & Co; Merrill Lynch; NIBC Bank; Santander Global Banking and Markets Centerview Partners; Credit Suisse; Deutsche Bank; JPMorgan; Lehman Brothers Credit Suisse; Dresdner Kleinwort; Goldman Sachs; Lazard; Mediobanca; Morgan Stanley; Santander Global Banking and Markets; UBS Citigroup; Deutsche Bank; Royal Bank of Scotland Group; TD Securities ABN AMRO Kraft Foods Inc Endesa SA (46.05% stake) BCE Inc ABN AMRO; Goldman Sachs; Lehman Brothers; Morgan Stanley; Rothschild; UBS Citigroup; Morgan Stanley; Advising seller: Goldman Sachs BNP Paribas; Citigroup; Deutsche Bank; JPMorgan; Lehman Brothers; Merrill Lynch Goldman Sachs; BMO Capital Markets; CIBC World Markets; Greenhill & Co; RBC Capital Markets Deal USD (m) 95,637 Altria Group Inc 60,930 54,656 48, Feb-07 Kohlberg Kravis Roberts & Co; and TPG Citigroup; Goldman Sachs; JPMorgan; Lehman Brothers; Morgan Stanley TXU Corp Credit Suisse; Lazard 44,161 mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 4

5 Pan-European League Tables European M&A Activity - Quarterly Volume 1,800 1,600 of ( bn) ,400 1,200 1, Volume of Qtr 3 03 Qtr Qtr 3 04 Qtr Qtr 3 05 Qtr Qtr 3 06 Qtr Qtr 3 Qtr Top Announced Europe Announced Date Bidder Company Bidder Financial Adviser Target Company Target Financial Adviser Deal 29-May-07 Royal Bank of Scotland Group plc; Fortis; and Santander Central Hispano SA Fox-Pitt Kelton Cochran Caronia Waller; Greenhill & Co; Merrill Lynch; NIBC Bank; Santander Global Banking and Markets ABN AMRO ABN AMRO; Goldman Sachs; Lehman Brothers; Morgan Stanley; Rothschild; UBS 71, Apr-07 Enel SpA; and Acciona SA Credit Suisse; Dresdner Kleinwort; Goldman Sachs; Lazard; Mediobanca; Endesa SA (46.05% stake) Morgan Stanley; Santander Global Banking and Markets; UBS BNP Paribas; Citigroup; Deutsche Bank; JPMorgan; Lehman Brothers; Merrill Lynch 40, May-07 Unicredit Group Merrill Lynch; UniCredit Group Capitalia SpA Citigroup; Credit Suisse; Mediobanca; Rothschild 22, Apr-07 AB Acquisitions Limited (consortium led by Kohlberg Kravis Roberts & Co and Stefano Pessina) Citigroup; Deloitte; JPMorgan Cazenove; Merrill Lynch; UniCredit Group Alliance Boots plc Credit Suisse; Goldman Sachs; Greenhill & Co; UBS 17, Apr-07 Sacyr Vallehermoso SA CALYON; Citigroup; JPMorgan Eiffage SA (66.68% stake) BNP Paribas; Lazard; Natixis 17,537 mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 5

6 Pan-European League Tables League Table of Financial Advisers to European M&A: League Table of Financial Advisers to European M&A: Volume 1 1 Morgan Stanley 444, Goldman Sachs 418, UBS 384, Citigroup 381, Merrill Lynch 363, JPMorgan 302, Rothschild 261, Deutsche Bank 247, Credit Suisse 245, Lehman Brothers 241, ABN AMRO 183, BNP Paribas 133, Lazard 127, Mediobanca 94, Dresdner Kleinwort 81, Santander Global Banking and Markets 77, Perella Weinberg Partners 76, Greenhill & Co 74, RBC Capital Markets 67, Ernst & Young 64, KPMG Corp Fin 59, Deloitte 60, Rothschild 261, Ernst & Young 64, PricewaterhouseCoopers Corp Fin 55, UBS 384, Goldman Sachs 418, Citigroup 381, ABN AMRO 183, Morgan Stanley 444, JPMorgan 302, Deutsche Bank 247, Lazard 127, Merrill Lynch 363, Credit Suisse 245, BNP Paribas 133, M&A International Inc 2, Lehman Brothers 241, Grant Thornton Corporate Finance 7, Close Brothers Group 9, mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 6

7 Pan-European League Tables League Table of Financial Advisers to European Buyouts: League Table of Financial Advisers to European Buyouts: Volume 1 1 Citigroup 49, Deloitte 36, JPMorgan 31, Goldman Sachs 31, UniCredit Group 30, Merrill Lynch 27, HSBC Bank 20, Deutsche Bank 19, Macquarie Group 18, UBS 18, PricewaterhouseCoopers Corp Fin 14, Credit Suisse 13, Lexicon Partners 12, Mediobanca 10, Dresdner Kleinwort 10, Rothschild 8, Morgan Stanley 8, Lazard 8, KPMG Corp Fin 8, Ernst & Young 7, Deloitte 36, PricewaterhouseCoopers Corp Fin 14, KPMG Corp Fin 8, Ernst & Young 7, Rothschild 8, Goldman Sachs 31, UBS 18, BDO Corporate Finance Grant Thornton Corporate Finance 1, Citigroup 49, Credit Suisse 13, Lazard 8, Close Brothers Group Deutsche Bank 19, Wyvern Partners 3, JPMorgan 31, Morgan Stanley 8, ABN AMRO 6, BNP Paribas 6, UniCredit Group 30,986 7 Note: based on firms advising the bidder on buyout deals where the dominant geography of the target company is Europe mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 7

8 League Tables of Financial Advisers by European Region Financial Advisers to UK M&A: Financial Advisers to UK M&A: Volume 3 1 Morgan Stanley 232, UBS 227, Merrill Lynch 195, Goldman Sachs 156, Citigroup 152, Rothschild 148, JPMorgan Cazenove 125, Lehman Brothers 118, Credit Suisse 108, Deutsche Bank 106, Rothschild 148, Deloitte 40, KPMG Corp Fin 15, PricewaterhouseCoopers Corp Fin 37, Ernst & Young 32, UBS 227, Citigroup 152, Merrill Lynch 195, Morgan Stanley 232, Goldman Sachs 156, Financial Advisers to French M&A: Financial Advisers to French M&A: Volume 4 1 Goldman Sachs 82, BNP Paribas 79, JPMorgan 59, Citigroup 51, Rothschild 49, CALYON 48, Lazard 46, Morgan Stanley 37, UBS 35, ABN AMRO 24, Rothschild 49, BNP Paribas 79, Lazard 46, Ernst & Young 8, CALYON 48, UBS 35, Goldman Sachs 82, SG 3, Aforge Finance 3, JPMorgan 59, mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 8

9 League Tables of Financial Advisers by European Region Financial Advisers to German M&A: Financial Advisers to German M&A: Volume 6 1 Goldman Sachs 70, Deutsche Bank 58, Morgan Stanley 56, UBS 44, Ernst & Young 43, Rothschild 38, Citigroup 34, JPMorgan 33, Lehman Brothers 25, Lazard 25, Ernst & Young 43, Deutsche Bank 58, Rothschild 38, KPMG Corp Fin 18, UBS 44, Lazard 25, Goldman Sachs 70, Morgan Stanley 56, ABN AMRO 7, Sal Oppenheim jr & Cie 6, Financial Advisers to Spanish M&A: Financial Advisers to Spanish M&A: Volume 2 1 Citigroup 105, JPMorgan 95, Lehman Brothers 67, Morgan Stanley 66, BNP Paribas 63, Credit Suisse 58, Merrill Lynch 58, Santander Global Banking and Markets 54, UBS 48, Goldman Sachs 45, Deloitte 5, KPMG Corp Fin 4, Atlas Capital Close Brothers JPMorgan 95, Citigroup 105, ABN AMRO 7, PricewaterhouseCoopers Corp Fin UBS 48, Socios Financieros 1, Rothschild 20, mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 9

10 League Tables of Financial Advisers by European Region Financial Advisers to Irish M&A: Financial Advisers to Irish M&A: Volume 6 1 Morgan Stanley 6, Goldman Sachs 6, KPMG Corp Fin 5, Credit Suisse 4, UBS 4, Citigroup 4, Davy Corporate Finance 3, Lehman Brothers 2, Merrill Lynch 2, RBC Capital Markets 1, IBI Corporate Finance Davy Corporate Finance 3, KPMG Corp Fin 5, Global M&A Deloitte NCB Corp Finance 1, Rothschild 1, AIB Corporate Finance Credit Suisse 4, Citigroup 4,089 5 Financial Advisers to Italian M&A: Financial Advisers to Italian M&A: Volume 1 1 Merrill Lynch 93, Mediobanca 89, Credit Suisse 84, Citigroup 81, Deutsche Bank 60, Lehman Brothers 59, Goldman Sachs 58, Morgan Stanley 51, UBS 50, JPMorgan 50, Mediobanca 89, KPMG Corp Fin 4, Rothschild 45, Lazard 11, Deloitte 7, Merrill Lynch 93, Banca IMI/Intesa Sanpaolo 11, Citigroup 81, Credit Suisse 84, Gruppo Banca Leonardo 12, mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 10

11 League Tables of Financial Advisers by European Region Financial Advisers to Nordic M&A: Financial Advisers to Nordic M&A: Volume 3 1 Goldman Sachs 19, Merrill Lynch 13, Handelsbanken Capital Markets 13, Morgan Stanley 12, Citigroup 11, JPMorgan 11, Deutsche Bank 10, ABG Sundal Collier 9, UBS 9, SEB Enskilda 8, SEB Enskilda 8, Carnegie Group 4, Ernst & Young 5, Deloitte 2, KPMG Corp Fin 3, PricewaterhouseCoopers Corp Fin 4, Handelsbanken Capital Markets 13, UBS 9, Nordea Corporate Finance 1, Danske Markets Corporate Finance Financial Advisers to Swedish M&A: Financial Advisers to Swedish M&A: Volume 16 1 Handelsbanken Capital Markets 11, Goldman Sachs 11, Morgan Stanley 9, UBS 6, ABG Sundal Collier 6, Greenhill & Co 6, RBC Capital Markets 6, Credit Suisse 4, HSBC Bank 4, Deutsche Bank 4,176 6 Y/E SEB Enskilda 4, Handelsbanken Capital Markets 11, UBS 6, Carnegie Group 1, Ernst & Young 3, KPMG Corp Fin 1, PricewaterhouseCoopers Corp Fin 3, Lazard 1, M&A International Inc Goldman Sachs 11,896 9 mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 11

12 League Tables of Financial Advisers by European Region Financial Advisers to CEE M&A: Financial Advisers to CEE M&A: Volume 2 1 Merrill Lynch 27, Credit Suisse 21, Deutsche Bank 18, Morgan Stanley 17, Citigroup 17, UBS 16, Renaissance Capital 11, JPMorgan 11, ABN AMRO 9, Goldman Sachs 9, Deloitte 2, Deutsche Bank 18, Rothschild 6, UniCredit Group 5, Morgan Stanley 17, Credit Suisse 21, UBS 16, Renaissance Capital 11, M&A International Inc Merrill Lynch 27, Financial Advisers to Russian M&A: Financial Advisers to Russian M&A: Volume 16 1 Merrill Lynch 24, Deutsche Bank 17, Citigroup 16, Credit Suisse 16, Morgan Stanley 15, UBS 13, Renaissance Capital 11, JPMorgan 10, ABN AMRO 9, Goldman Sachs 9, Deutsche Bank 17, Morgan Stanley 15, Renaissance Capital 11, JPMorgan 10, Goldman Sachs 9, Merrill Lynch 24, Citigroup 16, Credit Suisse 16, UBS 13, Deloitte mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 12

13 Financial Advisers to Benelux M&A: Financial Advisers to Benelux M&A: Volume 6 1 Goldman Sachs 170, Morgan Stanley 159, ABN AMRO 138, UBS 124, Merrill Lynch 124, Lehman Brothers 120, Rothschild 112, Citigroup 45, Perella Weinberg Partners 41, Deutsche Bank 34, ABN AMRO 138, KPMG Corp Fin 23, ING 16, Goldman Sachs 170, Rothschild 112, Morgan Stanley 159, Deloitte 5, Lehman Brothers 120, Ernst & Young 5, Rabobank 8, mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 13

14 North American League Tables North American M&A Activity - Quarterly (USA and Canada) 700 Volume 1, , ,000 of ($bn) Volume of Qtr 3 03 Qtr Qtr 3 04 Qtr Qtr 3 05 Qtr Qtr 3 06 Qtr Qtr 3 Qtr Top Announced 2007YTD - North America (US and Canada) Announced Date Bidder Company Bidder Financial Advisor Target Company Target/Seller Financial Advisor Seller Company Deal USD (m) 31-Jan-07 Altria Group Inc (Shareholders) Centerview Partners; Credit Suisse; Deutsche Bank; JPMorgan; Lehman Brothers Kraft Foods Inc Citigroup; Morgan Stanley; Advising seller: Goldman Sachs Altria Group Inc 60, Jun-07 Teachers Private Capital; Providence Equity Partners Inc; and Madison Dearborn Partners LLC Citigroup; Deutsche Bank; Royal Bank of Scotland Group; TD Securities BCE Inc Goldman Sachs; BMO Capital Markets; CIBC World Markets; Greenhill & Co; RBC Capital Markets 48, Feb-07 Kohlberg Kravis Roberts & Co; and TPG Citigroup; Goldman Sachs; JPMorgan; Lehman Brothers; Morgan Stanley TXU Corp Credit Suisse; Lazard 44, Jul-07 Rio Tinto plc CIBC World Markets; Credit Suisse; Alcan Inc Deutsche Bank JPMorgan; Morgan Stanley; RBC Capital Markets; UBS 43, Apr-07 Kohlberg Kravis Roberts & Co Citigroup; Credit Suisse; Deutsche Bank; Goldman Sachs; HSBC Bank; Lehman Brothers; Merrill Lynch First Data Corporation American Appraisal Associates; Evercore Partners; Morgan Stanley 26,964 mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 14

15 North American League Tables League Table of Financial Advisers to North American M&A: League Table of Financial Advisers to North American M&A: Volume 1 1 Goldman Sachs 714, Morgan Stanley 587, Citigroup 553, JPMorgan 521, Lehman Brothers 447, Credit Suisse 408, Merrill Lynch 362, Deutsche Bank 352, UBS 313, Banc of America Securities 192, RBC Capital Markets 171, Lazard 168, CIBC World Markets 149, Greenhill & Co 127, TD Securities 113, Bear, Stearns & Co 103, Perella Weinberg Partners 80, Centerview Partners 74, Wachovia Corporation 73, BMO Capital Markets 72, Goldman Sachs 714, Citigroup 553, JPMorgan 521, UBS 313, Credit Suisse 408, Merrill Lynch 362, Lehman Brothers 447, Morgan Stanley 587, Lazard 168, Houlihan Lokey 47, Deutsche Bank 352, RBC Capital Markets 171, CIBC World Markets 149, Banc of America Securities 192, Jefferies & Company 25, Rothschild 54, KPMG Corp Fin 21, Sandler O'Neill & Partners 54, Wachovia Corporation 73, William Blair & Company 11, mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 15

16 North American League Tables League Table of Financial Advisers to North American Buyouts: 1 1 Citigroup 223, Goldman Sachs 154, Deutsche Bank 144, Lehman Brothers 137, Morgan Stanley 119, Banc of America Securities 88, JPMorgan 85, Merrill Lynch 75, Credit Suisse 64, TD Securities 48, Royal Bank of Scotland Group 48, Bear, Stearns & Co 30, HSBC Bank 26, Wachovia 23, UBS 13, Blackstone Group Holdings 9, Evercore Partners 9, PricewaterhouseCoopers Corp Fin 8, Macquarie Group 8, Atlas Advisors 7,750 1 League Table of Financial Advisers to North American Buyouts: Volume 2 1 Citigroup 223, Credit Suisse 64, Lehman Brothers 137, Goldman Sachs 154, Morgan Stanley 119, Deutsche Bank 144, UBS 13, JPMorgan 85, Merrill Lynch 75, Banc of America Securities 88, Wachovia Corporation 23, Bear, Stearns & Co 30, Houlihan Lokey 2, CIBC World Markets Macquarie Group 8, Lincoln International Evercore Partners 9, PricewaterhouseCoopers Corp Fin 8, BMO Capital Markets Corp Robert W Baird & Co 71 4 Note: based on firms advising the bidder on buyout deals where the dominant geography of the target company is North America mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 16

17 League Tables to Canadian M&A and Central/South American M&A League Table of Financial Advisers to Canadian M&A: League Table of Financial Advisers to Canadian M&A: Volume 3 1 RBC Capital Markets 152, CIBC World Markets 138, Goldman Sachs 109, TD Securities 107, Deutsche Bank 99, JPMorgan 98, Morgan Stanley 98, Citigroup 91, UBS 88, BMO Capital Markets 71, CIBC World Markets 138, RBC Capital Markets 152, TD Securities 107, Scotia Capital 27, GMP Securities 11, UBS 88, BMO Capital Markets 71, Goldman Sachs 109, Merrill Lynch 28, Genuity Capital Markets 13, League Table of Financial Advisers to South and Central American M&A: 2 1 Citigroup 19, JPMorgan 17, Credit Suisse 16, UBS 14, ABN AMRO 11, Merrill Lynch 6, Rothschild 6, Goldman Sachs 4, Morgan Stanley 3, CALYON 3,109 3 League Table of Financial Advisers to South and Central American M&A: Volume 1 1 Citigroup 19, JPMorgan 17, Credit Suisse 16, ABN AMRO 11, UBS 14, Rothschild 6, Merrill Lynch 6, Goldman Sachs 4, BNP Paribas 1, PricewaterhouseCoopers Corp Fin 1,160 9 mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 17

18 Asia-Pacific League Tables Asia-Pacific M&A Activity - Quarterly (incl Japan) 140 Volume of ($bn) Volume of Qtr 3 03 Qtr Qtr 3 04 Qtr Qtr 3 05 Qtr Qtr 3 06 Qtr Qtr 3 Qtr Top Announced Asia-Pacific Announced Date Bidder Company Bidder Financial Advisor Target Company Target/Seller Financial Advisor Seller Company Deal 02-Jul-07 Wesfarmers Limited Gresham Advisory Partners; Macquarie Bank Coles Group Limited (88.70% stake) Deutsche Bank; Lazard Carnegie Wylie 16, Feb-07 Vodafone International Holdings BV UBS Hutchison Essar Ltd (67% stake) Citigroup; Goldman Sachs; Morgan Stanley; Advising seller: Deutsche Bank; Kotak Investment Banking Hutchison Telecommunications International Limited 13, Mar-07 Babcock & Brown Infrastructure Ltd Deutsche Bank; Morgan Stanley; UBS Alinta Ltd Grant Samuel; JPMorgan; Lazard Carnegie Wylie 11, Mar-07 Citigroup Inc Citigroup Nikko Cordial Corporation (56.15% stake) GCA Co 7, May-07 Usaha Tegas Sdn Bhd ABN AMRO; CIMB Group Maxis Communications Berhad RHB Investment Bank Berhad 6,568 mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 18

19 Asia-Pacific League Tables League Table of Financial Advisers to Asia-Pacific (ex Japan) M&A: 3 1 UBS 85, Macquarie Group 80, Citigroup 73, Morgan Stanley 71, Deutsche Bank 58, Goldman Sachs 57, JPMorgan 48, Credit Suisse 37, Lazard 36, Merrill Lynch 36, ABN AMRO 26, CIMB Group 23, Gresham Advisory Partners 20, HSBC Bank 20, Grant Samuel 18, Kotak Investment Banking 15, Lehman Brothers 12, KPMG Corp Fin 12, Rothschild 10, RHB Investment Bank 10, League Table of Financial Advisers to Asia-Pacific (ex Japan) M&A: Volume 3 1 Macquarie Group 80, Citigroup 73, PricewaterhouseCoopers Corp Fin 9, KPMG Corp Fin 12, UBS 85, Merrill Lynch 36, Ernst & Young 7, Goldman Sachs 57, Morgan Stanley 71, JPMorgan 48, Credit Suisse 37, ABN AMRO 26, Rothschild 10, Somerley 5, CIMB Group 23, AmInvestment Bank 5, Deloitte 2, Deutsche Bank 58, DBS Bank 3, Lazard 36, mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 19

20 League Tables of Financial Advisers by Asia-Pacific Region League Table of Financial Advisers to Asia-Pacific (ex Japan) Buyouts: 25 1 Deutsche Bank 12, UBS 11, Citigroup 8, Morgan Stanley 7, Macquarie Group 4, ABN AMRO 4, Merrill Lynch 3, JPMorgan 2, Goldman Sachs 2, PricewaterhouseCoopers Corp Fin 1, Yuanta Core Pacific Securities Company 1, Caliburn Partnership 1, Ernst & Young 1, = KTB Securities Company 1, = Phatra Securities Company 1,014 1 League Table of Financial Advisers to Asia-Pacific (ex Japan) Buyouts: Volume 3 1 Macquarie Group 4, Citigroup 8, Morgan Stanley 7, ABN AMRO 4, Merrill Lynch 3, PricewaterhouseCoopers Corp Fin 1, Yuanta Core Pacific Securities Company 1, UBS 11, JPMorgan 2, Credit Suisse Rothschild Grant Thornton Corporate Finance Deutsche Bank 12, Goldman Sachs 2, Caliburn Partnership 1,386 2 Note: based on firms advising the bidder on buyout deals where the dominant geography of the target company is Asia- Pacifi c (ex Japan) mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 20

21 League Tables of Financial Advisers by Asia-Pacific Region League Table of Financial Advisers to Asia (ex Japan and Australasia): 3 1 Citigroup 51, Goldman Sachs 46, Morgan Stanley 43, UBS 41, Credit Suisse 25, Merrill Lynch 24, CIMB Group 23, ABN AMRO 17, JPMorgan 17, Kotak Investment Banking 15, League Table of Financial Advisers to Asia (ex Japan and Australasia): Volume 3 1 Citigroup 51, PricewaterhouseCoopers Corp Fin 7, Merrill Lynch 24, KPMG Corp Fin 2, Morgan Stanley 43, Somerley 5, CIMB Group 23, Ernst & Young 4, UBS 41, Goldman Sachs 46, League Table of Financial Advisers to Japanese M&A: League Table of Financial Advisers to Japanese M&A: Volume 9 1 Nomura 25, Mizuho Financial Group 24, GCA Co 23, Citigroup 20, Merrill Lynch 17, Daiwa Securities Group 14, Morgan Stanley 13, Mitsubishi UFJ Securities Co 12, Lehman Brothers 11, KPMG Corp Fin 11, Nomura 25, Daiwa Securities Group 14, Mizuho Financial Group 24, Mitsubishi UFJ Securities Co 12, Citigroup 20, KPMG Corp Fin 11, Ernst & Young 9, PricewaterhouseCoopers Corp Fin 6, GCA Co 23, Morgan Stanley 13, mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 21

22 League Tables of Financial Advisers by Asia-Pacific Region League Table of Financial Advisers to Greater China: League Table of Financial Advisers to Greater China: Volume 5 1 Citigroup 25, Goldman Sachs 25, Morgan Stanley 24, UBS 19, Kotak Investment Banking 13, Deutsche Bank 12, Credit Suisse 11, CIMB Group 8, JPMorgan 7, Merrill Lynch 7, Somerley 5, Citigroup 25, Morgan Stanley 24, KPMG Corp Fin 1, Goldman Sachs 25, Piper Jaffray Asia 2, Merrill Lynch 7, BNP Paribas 3, UBS 19, HSBC Bank 4, League Table of Financial Advisers to Australasia: League Table of Financial Advisers to Australasia: Volume 1 1 Macquarie Group 73, UBS 44, Deutsche Bank 43, Morgan Stanley 32, JPMorgan 30, Lazard 30, Citigroup 23, Gresham Advisory Partners 20, Grant Samuel 18, Goldman Sachs 13, Macquarie Group 73, UBS 44, KPMG Corp Fin 10, Citigroup 23, PricewaterhouseCoopers Corp Fin 1, Gresham Advisory Partners 20, ABN AMRO 9, Ernst & Young 3, Grant Samuel 18, Goldman Sachs 13, mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 22

23 Breakdown of by Region and Industry Mix of Announced Global by Industry Sector Leisure 3.5% Construction 3.8% Pharma/Medical/ Biotech 4% Transport 2.1% Agriculture 0.4% Defence 0.3% Industrials and Chemicals 14.0% Mix of Announced by Geographic Region North Asia 3.5% Australasia 3.0% Central & Eastern Europe 4.3% Japan 2.4% South & Central Asia 2.6% South East Asia 1.6% Africa & Middle East 1.9% TMT 15.3% Financial Services 22.2% Northern Europe 2.4% Southern Europe 8.5% North America 45.7% Energy/Mining/Utilities 16.8% Consumer 10.5% Business Services 5.2% Western Europe 23.7% Central & South America 1.9% Mix of Announced Global by Industry Sector Volume Construction 4.6% Agriculture 0.9% Defence Pharma/Medical/Biotech 0.3% 6.4% Transport 3.4% Leisure 3.9% Industrials and Chemicals 19% Mix of Announced by Geographic Region Volume South & Central Asia 1.5% Australasia 3.9% Japan 2.9% North Asia 6.7% South East Asia 2.4% Africa & Middle East 2.3% North America 34.9% Central & Eastern Europe 5.7% TMT 14.9% Financial Services 12.2% Northern Europe 5.2% Energy/Mining/Utilities 9.3% Business Services 11.5% Southern Europe 6.9% Central & South America 3.4% Consumer 13.0% Western Europe 24.1% mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 23

24 Criteria The preliminary 2007 house league tables are based on announced transactions (where the bidder or target or parent of either is from the country or region to which the table refers), over USD 5m in the period from 1 January 2007 to 31 December with undisclosed deal values are included where the target s turnover exceeds USD 10m. Activities excluded from the league tables include property transactions and restructurings where the ultimate shareholders interests are not changed. The trend graphs and pie charts are based on the dominant geography or industry of the target and include announced transactions over USD 5m in the given time period. with undisclosed deal values are included where the target s turnover exceeds USD 10m. Activities excluded from the graphs and charts include property transactions and restructurings where the ultimate shareholders interests are not changed. The top deals tables are based on announced transactions between 1 January 2007 and 31 December 2007, and refl ect the dominant geography of the target company. Nordic: Denmark, Sweden, Finland, Norway, Faroe Islands, Greenland and Iceland Benelux: Belgium, the Netherlands and Luxembourg Iberia: Portugal and Spain CEE: Armenia, Azerbaijan, Belarus, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Ukraine North America: USA, Canada Greater China: China, Hong Kong, Macau, Taiwan mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 24

25 About mergermarket Contacts: Europe Hannah Bagshawe Tel: North America Karishma Thakkar Tel: Asia-Pacific Seye Im Tel: mergermarket is part of The Mergermarket Group which has over 400 employees worldwide and regional head offi ces in New York, London and Hong Kong. mergermarket is an unparalleled mergers and acquisitions (M&A) intelligence tool. In any market, the life blood of advisers is deal fl ow. mergermarket is unique in the provision of origination intelligence to the investment banking, Financial, private equity, acquisition fi nance, public relations (PR) and corporate markets. With an unrivalled network of analysts covering M&A in North America, Europe and Asia-Pacifi c, mergermarket generates proprietary intelligence and delivers it together with daily aggregated content, on its mergermarket.com platform and by real-time alerts to subscribers. This wealth of intelligence, together with a series of deal databases, individual and house league tables, profi les and editorial have proven time and time again that this product can and does generate real revenues for clients. This is apparent when you see that mergermarket is used by over 1000 of the world s foremost advisory fi rms to assist in their origination process. Visit us at: mergermarket M&A league tables of financial advisers - Year End January 02, 2008 Page 25