4 Year FTSE 4 Monthly Income Plan October 2015 THE SHARES

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1 4 Year FTSE 4 Monthly Income Plan October 2015 THE SHARES This information is for financial advisers only and should not be presented to, or relied upon by, private investors.

2 Introduction Our new 4 Year FTSE 4 Monthly Income Plan provides investors with the opportunity to diversify their portfolio with exposure to multiple share sectors. Aviva plc, Pearson plc, Rio Tinto plc and International Consolidated Airlines Plc, used in the October 2015 version, are household names internationally, with a large market presence. This pack contains analyst reports for each of these companies, detailing some fundamental and technical analysis that may be of interest to advisers looking for more information. As with all Meteor products, the shares are rigorously tested for past and potential performance, and are only selected after meeting our strict stock selection criteria. Selected shares always have a high market capitalisation so that their liquidity ensures an active and up to date stock valuation at all times. They also have to be rated with a Bloomberg analyst consensus of at least a hold, so that the average opinion of covered professional analysts is that the value of the stock will either remain stable or will rise. A hold rating is indicated by a score of 3 or above. Important Information This information has been prepared solely for informational purposes and is not an offer to buy or sell nor is it solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. This information is being delivered to financial advisers, in order to assist them, and is solely for their use. This information is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Certain assumptions may have been made in the analysis that resulted in any information and results detailed herein. Changes to the assumptions may have a material impact on any results detailed. Meteor Asset Management Limited does not give investment, tax, accounting, legal nor regulatory advice.

3 Aviva Plc Aviva is British-based international insurance company that offers life insurance, general insurance, health insurance and asset management. Following its recent merger with Friends Life Group Limited in April 2015, it serves 34 million customers. Through its goals of being a customer driven company, they aim to create a long-term sustainable legacy with their customers. In 2014, Aviva won over 70 awards worldwide, including the Insurance Times Awards 2014 as the UK General Insurer of the Year. While it employs over 26,000 people, it serves the community as a top 10 company in the FTSE4 Good with 40,220 employee volunteering hours in Company Data Price Data Price (01/10/15) AV/LN GBp 52 Wk High - Low (06/03/15) (29/09/15) Market Cap. 18,752.3 M Ratios Price/Earnings Returns on Asset 0.40% Return on Equity 9.70% EPS Aviva PLC Analyst Consensus Score Buy % 72.7% Hold % 18.2% Sell % 9.1% Consensus Rating 4.27% Number of Analysts 22 Oct 2014 Nov 2014 Dec 2014 Jan 2015 Feb 2015 Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Sector Overview n Solvency II will be a primary focus for European insurers in Internal models will be adjusted and approved by local regulators. n The industry will have to deal with the low interest rate environment and the ageing population. n Sales of UK annuity pensions picked up in Q2 of n In 2013, the UK & Ireland life insurance sector represented over 25% of Western Europe s total. Highlights n Aviva s operating margins have been increasing constantly over the past few years to 6.16% in FY2014. n Total Revenues grew over 25% in FY2014 to almost 43.2B. n Aviva s revenues from the life insurance segment account for over 78% of total revenues.

4 Pearson plc Pearson Plc is a British-based multinational education and publishing company. Its business employs over 40,000 employees and covers over 80 countries. While it has been part of the FTSE 100 Index since it began trading in 1984, it has been constantly changing. While its major revenue comes from the American market, the company has a core business in the UK too. It has a main corporate focus on education and aims to become the world s leading learning company. The recent move to sell the Financial Times to Nikkei proves the company is heading towards an education and learning orientated company. Company Data Price Data Price (01/10/15) PSON/LN 1,152 GBp 52 Wk High - Low 1, 517 (25/08/15) - 1,051 (24/08/15) Market Cap. 9,441.9 M Ratios Price/Earnings Returns on Asset 1.50% Return on Equity 3.00% EPS 0.58 Analyst Consensus Score Buy % 44.0% Hold % 32.0% Sells % 24.0% Consensus Rating 3.40% Number of Analysts Oct 2014 Nov 2014 Dec 2014 Jan 2015 Pearson PLC Feb 2015 Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Sector Overview n The publishing industry is shifting its business from a physical form into a digital one. Sector s earnings results will depend on their ability to monetise the digital space. n European Book Publishing revenue from the sale of educational school books has increased, whereas revenue from academic, consumer and children s books have decreased. Highlights n Pearson s share price has outperformed the FTSE 100 index so far this year. n The company continues to shift its strategy from publishing to focus on education. In July 2015 it began plans to exit the publishing business by selling the The Financial Times newspaper. n Pearson has also sold its 50% stake in the Economist Group, publisher of the Economist.

5 Rio Tinto Plc Rio Tinto is a British-Australian multinational mining and metals company. The dual-listed company has a focus to find, mine and process Earth s resources in a way that maximises shareholder value. Its almost 60,000 strong employee base has a diversified commodity interest. It includes hard agricultural commodities such as borax, industrial commodities like uranium; precious metals like gold and mineral-based gemstones that include both diamonds and zircon. Company Data Price Data Price (01/10/15) RIO/LN 2,220 GBp 52 Wk High - Low 3,280 (20/02/15) - 2,090.5 (29/09/15) Market Cap. 41, M Ratios Price/Earnings Returns on Asset 2.50% Return on Equity 5.70% EPS 3.53 Analyst Consensus Score Buy % 39.4% Hold % 45.5% Sells % 15.2% Consensus Rating 3.48% Number of Analysts Oct 2014 Nov 2014 Dec 2014 Jan 2015 Rio Tinto Group Feb 2015 Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Sector Overview n The mining industry is experiencing a downturn due to commodity price slumps with the London Metal Exchange having dropped by over 24% in n China iron ore imports slumped by almost 30% QOQ in Q due to an increase in its own iron domestic outputs which rose by 32% QOQ Q Highlights n Despite decreasing industry revenues, Rio Tinto s EBITDA margin has increased to over 43% due to reduced operating costs. n Rio increased its iron production over the past 5 years and now has a market share of 7.1%. n Aluminium now accounts for 24.1% of revenues. The price of Aluminium has outperformed the London Metal Exchange Index by 7.46% over the past 12 months.

6 International Consolidated Airlines Group S.A. IAG SA is a British-Spanish multinational airlines company formed through the British Airways and Iberia merger in It has a total fleet of over 500 aircrafts flying to more than 250 destinations. It offers both cargo services and transportation to almost 100 million people every year. Because of the merger, the Group is already years ahead of the consolidation trend seen in the industry. It also plans to become the leader in cross-atlantic routes and to strengthen its influence in Euro-Asian markets. Company Data Price Data Price (01/10/15) IAG LN 580 GBp 52 Wk High - Low 630 (25/03/15) (14/10/14) Market Cap. 11,486.3 M Ratios Price/Earnings Returns on Asset 4.80% Return on Equity 27.0% EPS 0.48 Analyst Consensus Score Buy % 80.0% Hold % 13.3% Sells % 6.7% Consensus Rating 4.43% Number of Analyst Oct 2014 International Consolidated Airlines Group SA Nov 2014 Dec 2014 Jan 2015 Feb 2015 Mar 2015 Apr 2015 May 2015 Jun 2015 Jul 2015 Aug 2015 Sep 2015 Oct 2015 Sector Overview n European airlines are dealing with increased competition on long-haul routes from low-cost carriers and foreign carriers which include Middle East and Chinese airliners. n Results are likely to be challenged from the lower fares and fuel hedges. European airlines have 70% of their consumption hedged. Highlights n 2014 revenues increased by 8.0% with operating profits up by 80.5% due to Iberia becoming profitable and cost efficiencies. n Passenger revenue increased to 17,825 million EUR from 16,264 million EUR YOY while cargo revenues dropped from 1,073 million EUR to 992 million EUR. n Enterprise Value has increased by almost 40% YOY in 2014 due to increased profits and higher share price.

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