GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS. REUTERS / Gonzalo Fuentes

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1 GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS REUTERS / Gonzalo Fuentes First Quarter

2 First Quarter MANAGING UNDERWRITERS SYNDICATED LOANS REVIEW Global Syndicated Loans Global Deals Intelligence Leading Underwriters for Table of Contents EMEA Mandated Lead Arrangers (R) 7 European Leveraged Loans (P) Global Loans s (R) EMEA Sponsored Loans (P) Global Debt & Syndicated Loans (DL) Global Loans Mandated Arrangers (R) Top Global Syndicated Loans Global Scorecard Global Loans Rankings Last Ten Years Asia Pacific (Excl. Japan) Syndicated Loans Asia & Australia Deals Intelligence Top Asia Syndicated Loans Asia Loans Asian Currency (Si) Asia Loans s (Sc) Americas Syndicated Loans Asia Loans Mandated Arrangers (Sb) 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) US Loans s (R) North America Loans s (R) US Leveraged Loans s (Ra) US Investment Grade Loans s (Rb) Latin America Loans Mandated Lead Arrangers (R) EMEA Syndicated Loans EMEA Deals Intelligence 7 Top EMEA Syndicated Loans 7 EMEA s (R7) 7 Japan Syndicated Loans Japan Deals Intelligence Top Japan Syndicated Loans Japan Loans s (Sb) Japan Loans Mandated Arrangers (Sa) Ranking Criteria Summary Syndicated Loans Criteria Summary Regional Contacts Thomson Reuters Solutions for the Deal Making Community

3 First Quarter MANAGING UNDERWRITERS SYNDICATED LOANS REVIEW Global Syndicated Lending Totals US$ billion, down 7% from I US Loans Account for % Europe Lending Down % I Tops Rankings Global Deals Intelligence GLOBAL SYNDICATED LENDING FALLS 7% FROM Global syndicated lending reached US$. billion during the first quarter of, a 7% decrease compared to the first quarter of and the slowest threemonth period for lending since the third quarter of. Lending activity during the first quarter quarter saw a % decrease from the fourth quarter of. Nearly, transactions closed during the quarter, a decrease of % compared to the first quarter of. AQUISITION FINANCING CONTINUES DURING FIRST QUARTER Abbvie secured a US$. billion financing package to fund its US$. billion acquisition of Pharmacyclics, topping the list of syndicated loans closed during first quarter of. Other notable acquisitionrelated loans included AT&T s US$. billion facility and Dollar Tree s $. billion loan to fund its purchase of Family Dollar Stores. US LENDING ACCOUNTS FOR % OF ACTIVITY Americas loans accounted for % of global loan volume during the first quarter of, as lending in the region decreased by 7% from the same period last year. Within the Americas, loan volume in the United States totaled US$. billion, down % compared to the same period last year and representing % of global volume. Europe accounted for % of global volumes as lending decreased by % compared to the first quarter of. Asia Pacific fundraising saw a yearoveryear decrease of %, while Japanese lending fell % compared to the first quarter of. ENERGY & POWER, FINANCIALS & INDUSTRIALS LEAD LENDING Borrowing in the Energy &Power sector totaled US$. billion during the first quarter of, accounting for % of global loan activity, up % from global lending in the sector during the first quarter of. Healthcare and Consumer Products lending saw the largest yearoveryear declines, down of % and %, respectively. Energy & Power, Industrials and Financials together accounted for % of syndicated loan volume during the first quarter of, compared to % a year ago. BANK OF AMERICA MERRILL LYNCH TOPS BOOKRUNNER RANKINGS secured the top ranking for global bookrunners, by proceeds, with US$.7 billion from transactions during the first quarter of, an increase of. market share points compared to the first quarter of. JP Morgan fell to second place, with US$. billion or 7.% of overall loan proceeds during the first quarter of, a loss of. market share points from a year ago. SYNDICATED LENDING FEES DOWN % According to Thomson Reuters/Freeman Consulting, bookrunning fees from global syndicated loans totaled US$. billion during the first quarter of, a decrease of % from last year. Fees from leveraged lending decreased % compared to a year ago and accounted for % of all lending fees during the first quarter of. Leading Underwriters During the First Quarter Market Sector Global Loans (R) Americas Loans (R7) North American Loans (R) US Loans (R) US Leveraged Loans (Ra) US Investment Grade Loans (Rb) Latin America Loans (R) Latin America Loans (R) EMEA Loans (R7) EMEA Leveraged Loans (P) AsiaPacific ex. Japan ex. Australia (Sb) AsiaPacific ex. Japan ex. Australia (Sc) Japan Loans (Sa) Japan Loans (Sb) Australian Loans (S7) Current Qtr Market Share Mkt. Share Chg. No. Manager (%) from Last Qtr (%) JP Morgan.. Deutsche Bank.. Industrial & Comm Bank China.. Industrial & Comm Bank China ANZ Banking Group. 7. Global Syndicated Loans Volume Proceeds (US$t) $. $. $. $. $. $. Q Volume (US$t) Q Volume (US$t) Q Volume (US$t) Q Volume (US$t) Global Loans s (R) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch., JP Morgan, Mitsubishi UFJ Financial Group, , Wells Fargo & Co, , Sumitomo Mitsui Finl Grp Inc 7, Morgan Stanley 7, HSBC Holdings PLC, Deutsche Bank, Barclays, BNP Paribas SA, RBS, RBC Capital Markets, Goldman Sachs & Co, Credit Agricole CIB, US Bancorp 7, Credit Suisse, PNC Financial Services Group, BMO Capital Markets, Industrial & Comm Bank China, Bank of China Ltd, Societe Generale 7, TD Securities Inc 7, Scotiabank 7, ,7. 7..,... Total 7,.7., 7,7.. Industry % Change from Same Period Last Year Industry % Change from Last Quarter 7.%.%.%.%.%.%,,,,,,

4 First Quarter Syndicated Loans Managing Underwriters Global Global Debt & Syndicated Loans (DL) Scorecard: Global Syndicated Loans Proceeds per Mandated Arranger US$m) # of Deals per MA Imputed Fees (US$m) // // // // Mandated Arrangers Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. JP Morgan 77, Region/Nation Proceeds (US$m) Proceeds (US$m) 7, Global,.,,,77.,7, Americas,. 7 7,., Barclays 7, North America,.,., Deutsche Bank, of America,. 7,., Morgan Stanley, Canada,.,. 7 HSBC Holdings PLC 7 7, Central America,.,. Wells Fargo & Co, Mexico,.,. Goldman Sachs & Co, South America,.,. BNP Paribas SA 7, Brazil,.,7. Top Ten Total,,...,... Colombia,.,77. Industry Total,,..,7 7,.. Europe 7,. 7,. Western Europe,. 7,. Industry % Change from Same Period Last Year.%.%.7% United Kingdom,.,. Industry % Change from Last Quarter.%.%.% Spain,.,. 7 Germany,.,. Italy,7.,. France 7,.,7.7 Global Loans Mandated Arrangers (R) Netherlands,.,7. Sweden 7,7.. Proceeds per Mandated Arranger US$m) # of Deals per MA mputed Bookrunning Fees (US$m Switzerland 7,77.,. Luxembourg,.,.7 Mandated Arrangers Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Belgium,.,., Norway,7. 7,. JP Morgan 7, Eastern Europe,7.,7. 7, Turkey,7.,. Mitsubishi UFJ Financial Group, Russian Federation.,7., Croatia. Wells Fargo & Co, Czech Republic.. Sumitomo Mitsui Finl Grp Inc 7, Africa/Middle East/Central Asia,.,. HSBC Holdings PLC, Middle East,7.,. 7 Barclays, Saudi Arabia,7.,. Deutsche Bank, United Arab Emirates,.,. 7 BNP Paribas SA, SubSaharan Africa 7,.,. RBS, South Africa,.,. Societe Generale, Nigeria,. RBC Capital Markets, Ghana.,. US Bancorp, Central Asia 7.. Credit Agricole CIB, AsiaPacific (ex Central Asia) 7,.7,. Credit Suisse 7, North Asia,.,. Morgan Stanley, China,.,. Bank of China Ltd, Hong Kong,. 7,. PNC Financial Services Group 7, Taiwan 7,. 7,. Goldman Sachs & Co, South Korea,7.,. Scotiabank, South Asia,7.,7. BMO Capital Markets, India,7. 7,77. 7 ING, Southeast Asia,. 7,. Industrial & Comm Bank China, Singapore,.7,. 7,7. 7..,... Malaysia,.,. Industry Total,.., 7,.. Indonesia,.,. Thailand.,.7 Industry % Change from Same Period Last Year 7.%.%.% Philippines.. Industry % Change from Last Quarter.%.7%.% Australasia,.,. Australia,.,7. New Zealand,.7,. Top Global Syndicated Loans Japan 7,7.,. 7 Closing Date Borrower Target Market Package Amt (US$m) Primary UOP // AbbVie Inc,. // Orchid Alliance Holdings Ltd Japan,. General Corp. Purp. // Enel SpA Italy,7. Refinancing // ARAMCO Saudi Arabia,. General Corp. Purp. // AT&T Inc,. // Dollar Tree Inc,. // Yalong River Hydropower Dvlp China,.7 Capital Expenditures // Ball Corp 7,. // Deutsche AnningtonHotels() Germany 7,. // Duke Energy Corp t 7,. General Corp. Purp. * The Global Scorecard comprises deal volume and counts from club and bookrun deals, mirroring the mandated arranger rankings. % Chge in Proceeds

5 First Quarter Syndicated Loans Managing Underwriters Global Loans Ranking Last Ten Years* JP Morgan Mitsubishi UFJ Financial Group Wells Fargo & Co Rank 7 7 Sumitomo Mitsui Finl Grp Inc Morgan Stanley HSBC Holdings PLC Deutsche Bank 7 *League Table positions reflect consolidation within the banking sector. Rankings shown are as of the current quarter end in each calendar year.

6 Americas Proceeds at US$ Billion US Leveraged Lending Down % Latin America Lending Down % First Quarter Syndicated Loans Managing Underwriters Americas Americas Deals Intelligence Americas Loans s (R7) Overall syndicated lending in the Americas during the first quarter decreased 7.% from, with proceeds of Proceeds per (US$m) # of Deals per Imputed Fees (US$m) US$. billion from 7 transactions. Firstquarter totals fell.% from the fourth quarter of. Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch., Leveraged lending in the totaled US$ billion from deals, representing a % decrease from total JP Morgan, proceeds raised in the first quarter a year ago. Wells Fargo & Co, , Loans for general purposes dominated the market in the first quarter, accounting for a % share, with proceeds Mitsubishi UFJ Financial Group, Morgan Stanley, totaling US$. billion. Acquisition Financing followed, with % of the market. Barclays 7, RBC Capital Markets, RBS, Lending in Latin America decreased compared with the same period last year, down.% with total proceeds of Goldman Sachs & Co 7, US$. billion. US Bancorp, HSBC Holdings PLC, Estimated bookrunning fees for the Americas yielded a.% lower total in the first quarter of compared to last PNC Financial Services Group, Credit Suisse, year, with a total of US$. billion, according to estimates from Thomson Reuters/Freeman Consulting. Fees paid to BNP Paribas SA, bookrunners for U.S. leveraged loans decreased.% compared to a year ago, totaling over US$. billion. BMO Capital Markets 7, Deutsche Bank 7, TD Securities Inc 7, Scotiabank 7, SunTrust Banks 7, CIBC World Markets Inc, Top Americas Syndicated Loans, Closing Date Borrower Target Market Package Amt (US$m) Primary UOP General Electric Co, // AbbVie Inc,. National Bank of Canada Fin'l, // AT&T Inc,. KeyBanc Capital Markets Inc, // Dollar Tree Inc,. 7,...,. 7.. // Ball Corp 7,. Total,7.7. 7,.7. // Duke Energy Corp 7,. General Corp. Purp. // American Honda Finance 7,. General Corp. Purp. Industry % Change over Same Period Last Year.%.%.% // PetSmart Inc,. Leveraged Buyout Industry % Change over Last Quarter.% 7.%.% // PEMEX Mexico,. Export/Import Finan // American Tower Corp,. // Anadarko Petroleum Corp,. Americas Loans by Industry (Proceeds US$m) US Leveraged Volume $,. % $,. % $,. % $,. % $,. % $,. % $,. % $,. 7% $,. 7% $,.7 % $,7. % $,77. % Proceeds (US$b) $, $, $ $,,,77,7,7,,,7,,,,,, Energy and Power Financials Industrials Retail $ Materials Healthcare Real Estate Consumer Products and Services Telecommunications High Technology Consumer Staples Media and Entertainment $ 7 Government and Agencies Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) Q Volume (US$b)

7 First Quarter 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. Deals Share% # of Deals Fees Share% Share Ch. Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch. 7, , JP Morgan, JP Morgan, Wells Fargo & Co, Wells Fargo & Co, Mitsubishi UFJ Financial Group,., Mitsubishi UFJ Financial Group 7,7., Barclays 7, Morgan Stanley, HSBC Holdings PLC 7, Barclays 7, US Bancorp, RBC Capital Markets, RBC Capital Markets 7, RBS, Deutsche Bank, Goldman Sachs & Co 7, RBS, US Bancorp, PNC Financial Services Group, HSBC Holdings PLC, BNP Paribas SA, PNC Financial Services Group, BMO Capital Markets, Credit Suisse, Morgan Stanley, BMO Capital Markets, SunTrust Banks 7, Deutsche Bank, Credit Suisse 7, BNP Paribas SA 7 7, Scotiabank, TD Securities Inc 7, TD Securities Inc, Scotiabank 7, Goldman Sachs & Co 7, SunTrust Banks 7, , CIBC World Markets Inc, Societe Generale, , CIBC World Markets Inc, General Electric Co, BBVA, National Bank of Canada Fin'l, Regions Bank, KeyBanc Capital Markets Inc, , ,...7 7,7..., Industry Total,.. 7 7,.. Total,..,.. Industry % Change over Same Period Last Year 7.% Industry % Change over Last Quarter.%.% 7.%.%.% Industry % Change over Same Period Last Year 7.%.% 7.% Industry % Change over Last Quarter.%.%.% US Loans s (R) US Leveraged Loans s (Ra) 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, , Mitsubishi UFJ Financial Group, Morgan Stanley, Barclays RBS Goldman Sachs & Co US Bancorp 7 7 7,.,.,., PNC Financial Services Group Credit Suisse,., HSBC Holdings PLC, Deutsche Bank, BNP Paribas SA 7, RBC Capital Markets 7, SunTrust Banks 7 7, , BMO Capital Markets, General Electric Co, TD Securities Inc 7, KeyBanc Capital Markets Inc, Scotiabank, Rabobank NV, Societe Generale, ,7...,. 7.. Total,.. 7 7,7.. 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., Wells Fargo & Co, JP Morgan, , Deutsche Bank, Barclays, Credit Suisse 7, RBC Capital Markets, US Bancorp, Morgan Stanley, RBS, SunTrust Banks, General Electric Co, Goldman Sachs & Co 7, PNC Financial Services Group 7, Mitsubishi UFJ Financial Group, KeyBanc Capital Markets Inc 7, BMO Capital Markets, Jefferies LLC, Rabobank NV *, Macquarie Group 7, Nomura, HSBC Holdings PLC, Credit Agricole CIB BNP Paribas SA ,7...,. 7.. Total,..,.. Industry % Change over Same Period Last Year 7.%.%.% Industry % Change over Same Period Last Year.%.%.% Industry % Change over Last Quarter.% %.%.% Industry % Change over Last Quarter.% %.% 7.%

8 First Quarter Syndicated Loans Managing Underwriters Americas US Investment Grade Loans s (Rb) Top Americas Loans Use of Proceeds (US$m) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch. 7, JP Morgan, Wells Fargo & Co, , Mitsubishi UFJ Financial Group, Morgan Stanley, Goldman Sachs & Co 7 7, Barclays 7, RBS 7, BNP Paribas SA 7, HSBC Holdings PLC, US Bancorp, PNC Financial Services Group, , TD Securities Inc, Credit Suisse, SunTrust Banks 7, RBC Capital Markets, BMO Capital Markets, Scotiabank, Bank of China Ltd, Societe Generale, Lloyd Securities, UBS Deutsche Bank 7,., TopTwentyFiveTotal Twenty Total, Total,.... Industry % Change over Same Period Last Year.%.%.% Industry % Change over Last Quarter.%.%.% Latin America Loans Mandated Lead Arrangers (R) Proceeds per Mandated Arranger (US$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., BNP Paribas SA BBVA * HSBC Holdings PLC * JP Morgan Natixis Societe Generale * Mitsubishi UFJ Financial Group * Sumitomo Mitsui Finl Grp Inc * Credit Agricole CIB Itau Unibanco Caixa Economica Federal * Banco BTG Pactual SA * Scotiabank KfW IPEXBank GmbH 7* * Bayerische Landesbank Giro 7* Standard Chartered PLC Commerzbank AG ING * Rabobank NV * Santander ABN AMRO Bank Banco Latin Americano Export , Industry Total,.... Industry % Change over Same Period Last Year Industry % Change over Last Quarter *tie.%.%.% 7.% 7.%.% $,. % $,. $7,. $7,. % % % $,. % Americas Yield Type Proceeds (US$b) $,. % $,7. % $,. % $7,. % $,7. % General Corporate Purposes Acquisition Financing Refinance Bank Debt Refinancing Leveraged Buyout Property Acquisition Capital Expenditures Export/Import Finance 7 Project Finance Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Undisclosed (US$b) Highly Leveraged (US$b) Leveraged (US$b) Americas Imputed Fees Mandated Arrangers Total Imputed Fees (US$b) , Q Q7 Q Q Q Q Q Q Q Q Total Imputed Fees (US$b) Number of deals 7 Full Year,,

9 First Quarter Syndicated Loans Managing Underwriters Europe, Middle East & Africa EMEA Deals Intelligence EMEA Borrowing Flat Italy and Switzerland Targeted Loans Up Significantly JP Morgan Top EMEA Fee Earner ` EMEA Use of Proceeds (US$b) EMEA syndicated lending for the first quarter of reached US$ billion, essentially flat compared to the same period last year. Borrowers from the Energy and Power sector were the main drivers of EMEA activity, accounting for % of volume, with borrowers from Industrials and Financials receiving % and % of loans proceeds, respectively. General Corporate Purposes made up % of loan uses in the yeartodate period, followed by Refinancing and Refinancing of Bank Debt, accounting for a combined % share. The target nations with the largest yearonyear gains were Italy (up %), Switzerland (up %), Qatar (up %) and Spain (up %). Target nations in decline included Egypt (down %), France (down %) and Belgium (down %). According to Thomson Reuters/Freeman Consulting, first quarter arranging fees decreased % from the same period a year ago. The leading fee earner in the EMEA region was JP Morgan, with US$. million in fees (a.% wallet share). Top EMEA Syndicated Loans (US$m) $. % $. % $. % $. % $. % $. % $. % General Corporate Purposes Refinance Bank Debt Refinancing Acquisition Financing Project Finance Export/Import Finance Enel SpA $,7. $. % Leveraged Buyout ARAMCO Deutsche AnningtonHotels() $7,. $,. Trafigura Beheer BV $,. Capital Expenditures Borealis Swedish Elecity $,7. Vodafone Group PLC $,. Others EMEA s (R7) EMEA Mandated Lead Arrangers (R) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Proceeds per MLA (US$m) # of Deals per MLA Imputed Fees (US$m) Market Market # of Market Change in Manager Market Market Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Mandated Arranger Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. JP Morgan, JP Morgan, Deutsche Bank, Deutsche Bank, Credit Agricole CIB, BNP Paribas SA, BNP Paribas SA 7, HSBC Holdings PLC, HSBC Holdings PLC 7, Credit Agricole CIB, RBS, RBS, , UniCredit 7, Commerzbank AG, Barclays 7 7, Societe Generale, Societe Generale 7, UniCredit, ING 7, ING, , Natixis, Commerzbank AG, Santander, Santander 7, Barclays 7, Mitsubishi UFJ Financial Group, Mitsubishi UFJ Financial Group, BBVA, BBVA, Lloyds Bank, Banca IMI (Intesa Sanpaolo) 7, Sumitomo Mitsui Finl Grp Inc 7, Standard Chartered PLC, Natixis, Sumitomo Mitsui Finl Grp Inc, , Lloyds Bank, Banca IMI (Intesa Sanpaolo), , , , Standard Chartered PLC 7, DNB ASA, DNB ASA, Nordea, Goldman Sachs & Co, CaixaBank SA, Bank of China Ltd, , , Total,7.... Industry Total,.7... Industry % Change from Same Period Last Year.%.%.% Industry % Change from Last Quarter.%.%.% Industry % Change from Same Period Last Year Industry % Change from Last Quarter.% 7.%.%.%.%.% 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 Quarter Syndicated Loans Managing Underwriters Europe, Middle East & Africa European Leveraged Loans (P) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Market Market # of Market Change in Manager Market Market Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Deutsche Bank, Credit Agricole CIB, HSBC Holdings PLC, RBS, JP Morgan 7, BNP Paribas SA Natixis Barclays Goldman Sachs & Co UniCredit Societe Generale ING Credit Suisse Nomura Banca IMI (Intesa Sanpaolo) Santander 7 * RBC Capital Markets Morgan Stanley Instituto de Credito Oficial * Bankia * * Danske Bank , Total, Industry % Change from Same Period Last Year.%.7%.% Industry % Change from Last Quarter.%.7%.% EMEA Sponsored Loans (P) Proceeds per (US$m) Market # of Deals per # of Market Change in Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Deutsche Bank, Barclays Natixis Credit Agricole CIB Goldman Sachs & Co HSBC Holdings PLC UniCredit RBC Capital Markets BNP Paribas SA Credit Suisse * * ING RBS JP Morgan Nordea * DNB ASA * Bank of Ireland Nomura * Rabobank NV * * Credit Mutuel SA Banca IMI (Intesa Sanpaolo) Santander * Lloyds Bank * Morgan Stanley , Total 7,.... Industry % Change from Same Period Last Year 7.%.7%.% Industry % Change from Last Quarter.%.%.% Market Imputed Fees (US$m) Manager Market Market EMEA Quarterly Syndicated Loan Volume Proceeds (US$m) $, $, $, $, $, $, $, $, $ 7 EMEA Proceeds (US$m) Number of deals Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q EMEA Syndicated Loans by Industry (US$b) Energy and Power EMEA Imputed Fees Total Imputed Fees (US$m) $, $, $, $ $. % $. % $. 7% $7.7 % $. % $.$7. $. % % % $. % $7. % $. % 7 Industrials Financials 7 7 Total Imputed Fees (US$m) Number of Deals Media and Entertainment Telecommunications Retail Materials High Technology Consumer Products and Services Healthcare Consumer Staples Real Estate

11 Slow Start to Asian Syndicated Loans l Yalong River Hydropower Largest Dea for Asia in Q Australia Lowest Since First Quarter Syndicated Loans Managing Underwriters Asia (exjapan) Asia & Australia Deals Intelligence Syndicated lending in Asia (ex Australia) during the first quarter of declined sharply from the same period in, down.% with proceeds reaching US$. billion from deals. This was the slowest first quarter start since across the region, with significant growth seen only in High Technology, which posted an increase of 7.%, totaling US$. billion from deals. A CY billion (US$. billion equivalent) CAPEX loan for Yalong River Hydropower was the largest deal completed in the first quarter. The loan was closed in March with ICBC and China Construction Bank as joint s and Mandated Arrangers. Australian syndicated lending in the first quarter of reached US$7 billion from deals, a.% drop from the same period in. Acquisition Financing (up.% at US$ million) showed the only positive growth in a sluggish first quarter, the lowest since. The club deal SDP Finco Pty Ltd's A$.7 billion (US$. equivalent) was the largest deal completed in the period, with Mandated Arrangers. According to Thomson Reuters/Freeman Consulting, estimated fees from Asian syndicated lending totaled US$.7 million in the first quarter of, down 7.% from the comparable period in. In Australia, estimated fees were US$ million, declining.% from the first quarter of. Top Asia Syndicated Loans (Ex Japan, Ex Australia) Yalong River Hydropower Dvlp Henderson Land Dvlp Co Ltd Wuxi Metro Group Co Ltd SapuraKencana TMC Sdn Bhd Innolux Corp Pertamina(Persero)PT China Star OptoElectns Tech Formosa Group (Cayman) Ltd Sun Hung Kai Ppty(Finl Svcs) $,. $,. $,. $,.7 $,77. $,. $,. $,. Asia Loans s (US$, EURO, JPY, A$, HK$ & S$) (Si) $,.7 Proceeds per (US$m) # of Deals per Arranger Imputed Fees (US$m) Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch., China Development Bank, Standard Chartered PLC, Mitsubishi UFJ Financial Group, HSBC Holdings PLC, BNP Paribas SA DBS Group Holdings Deutsche Bank OverseaChinese Banking ANZ Banking Group Credit Agricole CIB Bank of Taiwan Sumitomo Mitsui Finl Grp Inc Fubon Financial Holding Co Ltd Mega Financial Holding Co ABN AMRO Bank ING Bank of China Ltd National Bank of Abu Dhabi CTBC Financial Holding Co Ltd Top Twenty Total, Total, Asia Loans s (All Currencies) (Sc) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Industrial & Comm Bank China, China Construction Bank, Bank of China Ltd, , China Development Bank, State Bank of India, Standard Chartered PLC 7, Mitsubishi UFJ Financial Group, DBS Group Holdings, HSBC Holdings PLC 7, BNP Paribas SA, Korea Development Bank Taiwan Cooperative Bank Deutsche Bank Bank of Taiwan Mega Financial Holding Co ANZ Banking Group CTBC Financial Holding Co Ltd OverseaChinese Banking Fubon Financial Holding Co Ltd Axis Bank Ltd Chang Hwa Commercial Bank Sumitomo Mitsui Finl Grp Inc Land Bank of Taiwan Credit Agricole CIB , Total, Industry % Change from Same Period Last Year.7% Industry % Change from Last Quarter.% Asia Loans Mandated Arrangers (All Currencies) (Sb).%.% 7.7%.% Proceeds per Mandated Arranger (US$m) # of Deals per Arranger Imputed Fees (US$m) Mandated Arranger Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Industrial & Comm Bank China, China Construction Bank 7, Bank of China Ltd, , China Development Bank, HSBC Holdings PLC, Mitsubishi UFJ Financial Group 7, State Bank of India, Standard Chartered PLC, DBS Group Holdings, Sumitomo Mitsui Finl Grp Inc, OverseaChinese Banking, Korea Development Bank, Taiwan Cooperative Bank, CTBC Financial Holding Co Ltd United Overseas Bank Ltd BNP Paribas SA Land Bank of Taiwan Fubon Financial Holding Co Ltd ING Mega Financial Holding Co Axis Bank Ltd ANZ Banking Group Bank of Taiwan Chang Hwa Commercial Bank , Industry Total,.... Industry % Change from Same Period Last Year.%.% 7.% Industry % Change from Same Period Last Year.%.% 7.% Industry % Change from Last Quarter 7.%.%.% % Industry % Change from Last Quarter.7%.% %.%

12 Australia Loans s (All Currencies) (S7) First Quarter Syndicated Loans Managing Underwriters Asia (exjapan) & 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 Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Mandated Arranger Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. ANZ Banking Group ANZ Banking Group, National Australia Bank National Australia Bank Commonwealth Bank of Australia 7* Westpac Banking HSBC Holdings PLC Commonwealth Bank of Australia * Mitsubishi UFJ Financial Group Sumitomo Mitsui Finl Grp Inc * HSBC Holdings PLC Westpac Banking Sumitomo Mitsui Finl Grp Inc Mitsubishi UFJ Financial Group CIBC World Markets Inc * Investec * RBC Capital Markets Top Ten Total, Top Ten Total, Total, Industry Total,.... Industry % Change from Same Period Last Year.%.%.% Industry % Change from Last Quarter 7.%.% 7.% *tie Industry % Change from Same Period Last Year.% Industry % Change from Last Quarter.%.7%.%.%.% Top Australia Syndicated Loans Asian Loans by Maturity Date SDP Finco Pty Ltd ConnectEast Finance Pty Ltd $. $,... Proceeds (US$b) Infrashore Finance Pty Ltd Hills Motorway Management Ltd Consolidated Press(Finance) LS NewCo Pty Ltd $.7 $7. $. $. Proceeds (US$b)... Laing O Rourke Au Pty Ltd AGL Energy Ltd Metcash Ltd $. $7. $7.. $. $. $. $. $7. 7 Australian Loans Proceeds by Industry (US$m) Asian Loans by Currency (%) First Quarter Financials.7%.% $,. % $,. % $7,. % $,. % $,. % Industrials Media and Entertainment.7%.%.7%.%.%.%.%.% $,.7 % Energy and Power Real Estate Consumer Staples.%.%.%.% 7.% 7.%.%.%.%.% 7 Local Currency G

13 Japanese Syndicated Lending down % Financials Lead Industry Non Japanese Borrowers Activity down 7% First Quarter Syndicated Loans Managing Underwriters Japan Japan Deals Intelligence Japan Loans s (Sb) Japanese syndicated lending during the first three months of was down.% compared to the same period in, with proceeds reaching US$7. billion from deals. Japanese loans accounted for.% of global loan volume during the period. Proceeds per (US$m) # of Deals per Market Market # of Market Change in Borrowings in the Financials sector drove the Japanese syndicated loans market, accounting for.% of activity, with proceeds Rank Rank Proceeds Share % Share Ch. Deals Sh % # of Deals,.... reaching US$. billion. Industrials and Materials followed with proceeds reaching US$. billion and US$7. billion, respectively. The top three sectors accounted for about.% of Japanese syndicated lending activity during the first quarter of. Sumitomo Mitsui Finl Grp Inc Mitsubishi UFJ Financial Group,7. 7, Development Bank of Japan Inc, NonJapanese borrowers' involvement on Japanese deals decreased compared to the same period last year, registering US$. billion Aozora Bank Ltd in proceeds from deals. Sumitomo Mitsui Trust Holdings Resona Holdings Inc Fukuoka Financial Group Inc * Shinsei Bank.7... NishiNippon City Bank Ltd.... Top Ten Deals BNP Paribas SA.... Closing Date Borrower Package Amt (US$m) Primary UOP Shoko Chukin Bank.... // Orchid Alliance Holdings Ltd,. General Corp. Purp. Senshu Ikeda Holdings Inc.7... // Sumitomo Corp,77. Gunma Bank.... // Marubeni Corp,7. Ashikaga Bank Ltd.... /7/ Idemitsu Kosan Co Ltd,7. Bank of Yokohama // Toshiba Corp,. Norinchukin Bank.... // Toshiba Corp,. Bank of Kyoto Ltd.... // Rakuten Card Co Ltd,. Hokuetsu Bank Ltd // Orient Corp,7. Bank of Iwate Ltd.... // Lotte Co Ltd. Capital Expenditures // SG Holdings Co Ltd.7 Oper Fund / Cash Res Overall Japan Loans Volume Total 7,7. 7, $ Q Proceeds (US$b) Q Proceeds (US$b), Industry % Change from Same Period Last Year.%.% Industry % Change from Last Quarter.%.% $, Q Proceeds (US$b) Q Proceeds (US$b),, Japan Loans Proceeds by Industry (US$m) $..% Proceeds (US$b) $ $ $,,,,,7,, $,7..7% $,. 7.% $,..% $,..7% $,..%. $7,..% $,..% $,..7% $ $ Financials Industrials Consumer Staples Materials Energy and Power High Technology Real Estate Retail Consumer Products and Services $ Telecommunications Healthcare Media and Entertainment Government and Agencies

14 First Quarter Syndicated Loans Managing Underwriters Japan Japan Loan Volume NonJapanese Borrowers Japan Loans Mandated Arrangers (Sa) Proceeds (US$ m) $, $, $, $, $, $, $ $ Proceeds (US$m) No. of Deals Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Proceeds per Mandated Arranger (US$m) # of Deals per MA Market Market # of Market Change in Mandated Arranger Rank Rank Proceeds Share % Share Ch. Deals Sh % # of Deals, Sumitomo Mitsui Finl Grp Inc, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Trust Holdings,7.... Development Bank of Japan Inc,.... Aozora Bank Ltd Resona Holdings Inc * Credit Agricole CIB * Hiroshima Bank Ltd.... Hokuhoku Financial Group Inc Fukuoka Financial Group Inc *.... Shinsei Bank.7... NishiNippon City Bank Ltd.... Sapporo Hokuyo Holdings Inc.... BNP Paribas SA.... Gunma Bank Norinchukin Bank.... Shoko Chukin Bank.... Bank of Yokohama.... Senshu Ikeda Holdings Inc Ashikaga Bank Ltd Bank of Kyoto Ltd.... Hokuetsu Bank Ltd Shinkin Central Bank.... 7,...7 Industry Total 7,7.. Industry % Change from Same Period Last Year.%.% Industry % Change from Last Quarter.%.% *tie Japan Loan Volume by Maturity Date Japan Loans Top Uses of Proceeds (US$m) Proceeds (US$b) $ $ $ $ 7 Proceeds(US$b),,,,, $,. % $,7. % $,. 7% $,7. %. $,. % General Corporate Purposes Capital Expenditures Future Acquisitions Refinancing Operating Fund/Cash Reserve $ Property Acquisition Refinance Bank Debt $ & Beyond Construction Export/Import Finance

15 First Quarter 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: + salvatore.reres@thomsonreuters.com Europe Ewelina Jarecka Tel: ewelina.jarecka@thomsonreuters.com AsiaPacific Carina CausonIsrael Tel: carina.causon@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 :pm EDT on March,. Global, Americas, EMEA, AsiaPacific and Japan bookrunner and mandated arranger league table volumes and rankings are based on general close date instead of financial close date. Bilateral, selfarranged, 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 NonAmericas mandated arranger and equal credit to the Americas Tier 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. NonUS 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 selldown 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: () Mitsubishi UFJ Morgan Stanley Securities and () 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. 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.

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