MERGERS & ACQUISITIONS REVIEW FINANCIAL ADVISORS. REUTERS / Brendan McDermid

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1 MERGERS & ACQUISITIONS REVIEW FINANCIAL ADVISORS REUTERS / Brendan McDermid First Nine Months 0

2 First Nine Months 0 Mergers & Acquisitions s M&A y Review Table of Contents Global M&A Any European Involvement Announced (AD) Any New Zealand Involvement Announced (AD) Global Deals Intelligence Any European Involvement Completed (AF) Any New Zealand Involvement Completed (AF) Scorecard: Worldwide Announced M&A Any UK Involvement Announced (AD) Japan M&A Scorecard: Worldwide Completed M&A Any UK Involvement Completed (AF) Japan Deals Intelligence Top Fifteen Worldwide Announced Deals Any French Involvement Announced (AD) Top Ten Japanese Involvement Announced Deals Worldwide Announced (AD) Any French Involvement Completed (AF0) Any Japanese Involvement Announced (AD) Worldwide Completed (AF) Any Spanish Involvement Announced (AD) Any Japanese Involvement Completed (AF) Americas M&A Any Spanish Involvement Completed (AF) South Korea M&A 0 Americas Deals Intelligence Any German Involvement Announced (AD5) Any South Korea Involvement Announced (AD5) 0 Top Ten US Announced Deals Any German Involvement Completed (AF) Any South Korea Involvement Completed (AF5) 0 Any Americas Involvement Announced (AD) Any Italian Involvement Announced (AD) Top Any South Korea Involvement Announced Deals 0 Any Americas Involvement Completed (AF55) Any Italian Involvement Completed (AF) Fairness Opinion Rankings US Target Announced (AD) Any Nordic Involvement Announced (AD) Worldwide Announced Fairness Opinion US Target Completed (AF) Any Nordic Involvement Completed (AF) Any Americas Announced Fairness Opinion Any US Involvement Announced (AD) Any Benelux Involvement Announced (AD0) Any USAnnounced Fairness Opinion Any US Involvement Completed (AF) Any Benelux Involvement Completed (AF) Any EMEA Announced Fairness Opinion Any Canadian Involvement Announced (AD) Asia Pacific (exjapan) M&A 5 Any Asia Pacific Announced Fairness Opinion Any Canadian Involvement Completed (AF) Asia Pacific (exjapan) Deals Intelligence 5 Any Japanese Announced Fairness Opinion EMEA M&A Top Ten Any Asia (exjapan) Involvement Announced Deals 5 Criteria Summary European Deals Intelligence Any Asia (exjapan) Involvement Announced (AD5) Mergers & Acquisitions Criteria Summary Top Ten European Involvement Announced Deals Any Asia (exjapan) Involvement Completed (AF) Regional Contacts Any EMEA Involvement Announced (AD) Any Australian Involvement Announced (AD) Any EMEA Involvement Completed (AF5) Any Australian Involvement Completed (AF) Thomson Reuters Soultions for the Deal Making Community

3 First Nine Months 0 FINANCIAL ADVISORS MERGERS & ACQUISITIONS REVIEW Worldwide M&A Up % to US$. trillion l Number of Deals Over US$ billion Up % l European Deal Making Up % l China Outbound M&A Falls % Global Deals Intelligence WORLDWIDE DEAL MAKING UP %, NUMBER OF DEALS FLAT Worldwide M&A activity totaled US$. trillion during the first nine months of 0, a % increase compared to the first nine months of 0. Deals with a value greater than US$ billion totaled US$.5 trillion, flat compared to last year's first nine months. By number, deals greater than US$ billion increased % compared to a year ago. Overall, 5,0 worldwide deals were announced during the first nine months of 0, flat compared to a year ago. DEAL MAKING DOWN % FROM Q' The value of worldwide M&A announced during the third quarter of 0 totaled US$. billion, a decrease of % compared to the second quarter of the year (US$5. billion), but a % increase compared to the second quarter of last year (US$0. billion). Worldwide Completed M&A by Region Imputed Fees Americas EMEA Asia Pacific Japan $5 $ OUTBOUND US AND INTRAEUROPE M&A POWERS CROSSBORDER M&A Powered by increased levels of outbound M&A from acquirors based in the United States and intraeurope M&A activity, crossborder M&A activity totaled US$. billion during the first nine months of 0, accounting for % of overall M&A volume and the highest first nine month tally in two years. China Outbound M&A totaled US$. billion, a % decline compared to last year's record first nine months. EUROPEAN M&A UP %; UNITED STATES DEALS DOWN % M&A activity for European targets totaled US$. billion during the first nine months of 0, an increase of % compared to the level of activity seen during 0. With US$0.0 billion in announced deals during the first nine months of 0, United States M&A fell % compared to a year ago, while the number of United States deals increased by %, the largest first nine months, by number of deals, since. Imputed Fees (US$b) $ $ ENERGY & POWER, INDUSTRIALS, REAL ESTATE LEAD SECTOR MIX Deal making in the Energy & Power sector totaled US$. billion during the first nine months of 0, an increase of % compared to 0 levels, while Industrials M&A increased 5%. Real Estate deal making accounted for % of overall M&A activity, while Technology M&A accounted for %. Materials and Technology M&A registered the steepest yearoveryear declines, down % and %, respectively. COMPLETED M&A ADVISORY FEES INCREASE 0% Estimated M&A advisory fees from completed transactions totaled US$. billion during the first nine months of 0, a 0% increase from 0 levels. Worldwide Cross Border Volume $ $0 Q Q Q Q Q Q Q Q Q Q Q5 Q5 Q5 Q5 Q Q Q Q Q Q Q Worldwide Announced Buyside Financial Sponsor Activity Rank Value (US$b) $,00 $,00 $,00 $,000 $00 $00 $00 $00 $0 0.% $5.0 $.0 $. $5. Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) Q Volume (US$b).0% % of YTD Global M&A.%.%.5% $..%.% 5.% $. $0..%.% $0. $5. $5. $. $. $. $. $05. $. $5. $. $.0 $0. $. $. $.0 $. $. $0. $.5 $. $. $. $.5 $. $5. $. $. $.0 $. $. $ % 0% 5% 0% 5% 0% 5% % 5% 0% % of Global M&A Rank Value (US$b) $00 $00 $00 $500 $00 $00 $00 $0 $0 5% Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) % of YTD Global M&A 0%.% $. 0.% 5.% 5.0%.0% 5%.% $. $..%.0%.% $5. $. $. $.5 % $5.5 $. $. $. $.5 5.% $0.5 $. $. $5. $. $.0 $. $0. $. 5% $. $0. $5. $. $. $.0 $55. $. $. $. $.5 $. $. $. $. $. $5. $. 0% % of Global M&A

4 First Nine Months 0 Mergers & Acquisitions s Mergers & Acquisitions Scorecard: Worldwide Announced M&A Jan Sept 0 Scorecard: Worldwide Completed M&A Jan Sept 0 Worldwide Announced M&A Target Industry by Value Target Region/Nation //0 0/0/0 //0 0/0/0 Rank Val US$m No. Deals Rank Val US$m No. Deals % Change in Rank Value Target Region/Nation //0 0/0/0 Rank Val No. US$m Deals //0 0/0/0 Rank Val No. US$m Deals % Change in Rank Value Worldwide,5,. 5,0,,5. 5,0. Worldwide,,0.,,5,5.,55. Americas,05,0.,,,0.,5. Americas,50,.,0,0,.0,5. Caribbean,. 5,. 5. Caribbean,5. 0,..0 Central America,5. 5,55.. Central America 5,5.,0.. Mexico,. 5,.. Mexico 5,.,5.. North America,0.,,0,50.,. North America,,0.,5,,5., 5.5 United States 0,0.,,0,5.,.0 United States,,.,0,00,.,. Canada,0.,,., 0. Canada,0.,, South America,5.,. 0. South America 5,5. 55,5. 5. Brazil,5. 5, Brazil 50,. 0,5. 5. Chile,5.0 5,5.. Chile,.0 0,5. 0. Africa/Middle East 5,. 00 5,.. Africa/Middle East 5,5. 5,..0 Middle East 5,.0,.. Middle East 0,., North Africa. 0,.. North Africa,5. 5,.. SubSaharan Africa,0. 55,5..0 SubSaharan Africa,. 5,.. Europe,.,5,.,. Europe,., 55,.,. Eastern Europe,.,0 5,5.,0. Eastern Europe 50,5.,5,5.,. Western Europe 5,.0,50,0.0,5. Western Europe,0.,0 50,5.0,0. United Kingdom 5,5.5,0,.,00. United Kingdom,.,0,., 5.0 Germany,0.,05 0,55.,. France,0.,,.,5. France,., 0,0.,. Switzerland,.,5.,0. AsiaPacific,., 5,.,0. AsiaPacific,0. 5,0,00.,00. Australasia,.,0,.5,0 0. Australasia,. 0,5.. Australia,5.,0 5,..0 Australia 5,.5, New Zealand,5.,. 5. New Zealand,.,. 55. South East Asia,.5, 55,.,55. South East Asia,.,55.. Singapore 0,. 5, Singapore 5,.0,. 5. Malaysia, , Malaysia,. 0 5,.. North Asia,5. 5, 5,5.,05 5. North Asia,., 0,50.,5.0 China,50., 0,., 5. China,.5, 05,.0, 5. Hong Kong,5.,. 5.0 South Korea,. 5,. 0. South Asia,0.,0,0.. South Asia,.,55.. Central Asia Central Asia.. 0. Japan 0,5.,0 5,.,. Japan,.,,., 5.5.%.%.% 5.% Energy and Power Real Estate Financials Materials Consumer Staples Retail Government and Agencies.%.%.5%.0% 5.%.5%.%.% Industrials High Technology Healthcare Consumer Products and Services Media and Entertainment Telecommunications Top Fifteen Worldwide Announced Deals Rank Date 5/5/0 //0 //0 //0 /0/0 /5/0 //0 /0/0 //0 //0 //0 //0 //0 //0 //0 Jan Sept 0 0 Date Effective Target (% Sought/Acquired) Acquiror Acquiror / Target Nation Rank Value (US$m) Target Macro / Mid Industry Intended Abertis Infraestructuras SA (0%) Atlantia SpA Italy / Spain,5. Industrials / Transportation & Infrastructure Pending Rockwell Collins Inc (0%) United Technologies Corp 0,0. Industrials / Aerospace & Defense //0 Actelion Pharmaceuticals Ltd (0%) Janssen Holding GmbH Switzerland / Switzerland,0.5 Healthcare / Pharmaceuticals Pending CR Bard Inc (0%) Becton Dickinson & Co,. Healthcare / Healthcare Equipment & Supplies //0 Valepar SA (0%) Vale SA Brazil / Brazil 0,5. Materials / Metals & Mining /5/0 Essity AB (0%) Shareholders Sweden / Sweden 0,0. Consumer Staples / Household & Personal Products Pending Energy Future Holdings Corp (0%) Sempra Energy Inc,00.0 Energy and Power / Power Pending Toshiba Memory Corp (0%) KK Pangea Japan / Japan,0.0 High Technology / Semiconductors /5/0 Mead Johnson Nutrition Co (0%) Reckitt Benckiser Group PLC United Kingdom / United States,.5 Consumer Staples / Food and Beverage /0/0 ONEOK Partners LP (0%) ONEOK Inc,. Energy and Power / Oil & Gas Pending Global Logistic Properties Ltd (0%) Nesta Investment Holdings Ltd China / Singapore,. Industrials / Other Industrials Pending Luxottica Group SpA (.%) Essilor International SA France / Italy,0. Consumer Products and Services / Other Consumer Product Pending Calpine Corp (0%) Calpine Corp SPV 5,. Energy and Power / Power Pending Mobileye NV (0%) Cyclops Holdings Inc United States / Israel,. High Technology / Software Pending Scripps Networks Interactive (0%) Discovery Communications Inc,0. Media and Entertainment / Cable

5 First Nine Months 0 Mergers & Acquisitions s Worldwide Rankings Worldwide Announced (AD) Jan Sept 0 Worldwide Completed (AF) Jan Sept Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Rank Rank US$m Sh (%) Share Ch. Deals Sh ($) # of Deals Fees Sh (%) Share Ch. 50, , ,..., , ,..., , , , , , , , , , , , ,., ,., ,. 5, ,. 0, ,0., Centerview Partners LLC,5., , , Mediobanca 5 50, CITIC 5, China International Capital Co 5, , , Industrial & Comm Bank China 5 5, Perella Weinberg Partners LP, Alantra Partners SA, Jefferies LLC 0, Wells Fargo & Co, , China International Capital Co 0, Centerview Partners LLC 5, M Klein & Co LLC 5, , BMO Capital Markets, CITIC, Guggenheim Securities LLC 5, Macquarie Group 0, , TD Securities Inc 5, China Construction Bank 5, ,5, ,0 +5,,0. 0.0,,05, %.0% 0.%.0%.%.%.5%.5%.%.% Top WW Announced M&A Advisors by Target Industry Jan Sept 0 Top Worldwide Announced M&A Advisors by Transaction Size (AD) Jan Sept 0 0 Energy and Power Industrials Real Estate High Technology Financials Mkt. Rank Val US$m Rank Share,. 5,. 5.,..,5. 0.,5.,0..,5.5.5,..5 0,.,0..,..,.. 5,55.,.0.,0..,5.. 5,00. 5,. 5. 5,00.. 5,50.. No. Deals, 0,0 5, 5,5,0 0 Rank Value (US$bil) $00 $500 $00 $00 $00 $ Abertis Infraestructuras SA/Atlantia SpA Rockwell Collins Inc/United Technologies Corp Actelion Pharmaceuticals Ltd/Janssen Holding GmbH CR Bard Inc/Becton Dickinson & Co Valepar SA/Vale SA Other Top 5 Deals All Other Transactions $0 Goldman Sachs & Co Morgan Stanley Bank of America Merrill Lynch Rothschild & Co Evercore Partners

6 First Nine Months 0 Mergers & Acquisitions s Worldwide M&A Matrix Exit Multiple Matrix Average Rank Value / EBITDA 0 UP 0 DOWN 0 Consumer Products and Services Consumer Staples Energy and Power Healthcare High Technology Industrials Materials Media and Entertainment Real Estate Retail Telecommunications Average 5.x.5x.x.x.x.x.x 5.x.x.0x.5x 5.x World Americas USA Canada EMEA Europe Asia ex. Japan Jan Sept 0.x.x.x.x.x.x.x.x.x.x.x.x.x.x.x.0x.x 5.x.x.x.5x 5.x.x.x.0x.x.x.x.x.x 0.x.x.x.x.x.x.5x 5.x.x.x.x.x.x.5x.x.x.x 5.x 5.5x 5.5x.5x.x 5.x.x.x.x.x.x.x.x.x.x.x 0.5x 5.x 5.x.5x 0.x.5x.0x.x 5.x.x.x.x.x.x.x.5x.x.0x.x.0x.x 5.x.0x.x.x.x.5x.x.x.x.x.x.0x.x.x.x.x.x.x.x.x.x.x.5x.0x.5x.x.x.x.x.0x 5.x.0x 5.x 5.0x.x.x.x.x.0x.x 5.0x.x 5.x.x 0.x.x.x.x.x.x 0.x.x.x 0.x 0.x.0x.5x 5.0x.x.x 0.x 0.x 5.x.x.x.x.x.x.5x.x.5x.x.x.x.0x.x.x.x.x.x 5.x.x 5.x.x.x.5x.x.x.x.x.x.x.x.5x 5.x.x.x.x 5.x.x.x.x.0x.0x.x.x.x.5x.x.x.x.x.x.x UK Japan Bid Premium Matrix Average Premium to Week Stock Price Jan Sept 0 0 UP 0 DOWN Consumer Products and Services Consumer Staples Energy and Power Financials Healthcare High Technology Industrials Materials Media and Entertainment Real Estate Retail Telecommunications.0 Average World Americas USA * Using the valuations matrix you can analyze the average rank value to EBITDA and average premium to week stock price prior to announcement by nation/region, which is indicated in the top row and broken down by target macro industries. * The data given refers to the time period 0/0/0 0/0/0 and all spinoffs, splitoffs, open market repurchases, exchange offers and equity carveouts are excluded. * The figures in red indicate a decline, while green indicates an increase, compared to the figures from the same time period last year listed in black. * Additionally, for Rank Value/EBITDA the data is capped at 50x and for average premium to week stock price prior to announcement is capped at 0%. Canada.5 EMEA Europe UK Asia ex. Japan Japan

7 First Nine Months 0 Mergers & Acquisitions s Worldwide Announced Rankings* A Decade in Review 5 5 Rank * League Table positions reflect consolidation within the banking sector. Rankings shown are as of the current quarter end in each calendar year 5

8 Americas M&A Flat Energy & Power Volume Drives US Activity Canadian Activity Decreases 5% First Nine Months 0 Mergers & Acquisitions s Americas M&A Americas Deals Intelligence US Announced Advisors by Target Industry Jan Sept 0 0 Americas M&A volume during the first nine months of 0 was flat compared to the first nine months of 0, accruing US$.5 trillion in activity from,0 announced deals. According to estimates, fees generated from completed deals in the Americas totaled US$. billion, a % increase from fees earned duirng the first nine months of 0. US Targeted M&A saw a decrease in the first nine months of 0 from a volume perspective, down % compared to announced M&A during the same period a year ago, accruing a total of US$0. billion. Conversely, the number of US targeted transactions announced during the first nine months of 0 reached,5 deals, a.% increase from a year ago. The Energy & Power sector led the US market, with deal volume totaling US$. billion, accounting for a.% market share. Healthcare followed, accruing US$. billion for a.5% share of the market. Real Estate rounded out the top sectors, with US$. billion and a.5% share. Accumulating US$5. billion in transaction value, announced Canadian Involvement activity decreased.% from the totals reached during the first nine months of 0. Completed Canadian Involvement activity was up.% compared to the first nine months of 0, driven by the completion of Enbridge Inc's and Spectra Energy Corp's US$. billion merger in Q. In the Americas, all sectors saw an increase in exit multiples during the first nine months of 0 except Consumer Staples, Healthcare and Telecommunications. Overall average EBITDA multiples across industries in the Americas posted an increase during the period, rising to 5.x compared to.xx averaged during the first nine months of 0. US Target Announced M&A Target Industry by Value (US$ bil) 0.5%.5%.%.% Energy and Power Healthcare Real Estate Industrials High Technology Financials Consumer Products and Services Media and Entertainment Retail Materials Consumer Staples Telecommunications Government and Agencies.% 5.%.% 5.%.% Rank Val Mkt. No. (US$m) Rank Share Deals Energy and Power,55. 5,..5 0,5.5.,.0. Healthcare,0.,055,5..0,..0 Perella Weinberg Partners LP, Real Estate,5. 5, ,0. 5.,5.. Industrials,.,. 55.,. 5.,.. High Technology,0.5, 0,..0,.0.5,.0. US Buyside Financial Sponsor Activity (Any Buyside Financial Sponsor Involvement) Top Ten USTarget Announced Deals 0 Rank Date Date Effective Target (% Sought/Acquired) Acquiror Acquiror / Target Nation Rank Value (US$m) Target Macro / Mid Industry //0 Pending Rockwell Collins Inc (0%) United Technologies Corp 0,0. Industrials / Aerospace & Defense //0 Pending CR Bard Inc (0%) Becton Dickinson & Co,. Healthcare / Healthcare Equipment & Supplies //0 //0 Pending /5/0 Energy Future Holdings Corp (0%) Mead Johnson Nutrition Co (0%) Sempra Energy Inc Reckitt Benckiser Group PLC United Kingdom / United States,00.0,.5 Energy and Power / Power Consumer Staples / Food and Beverage //0 /0/0 ONEOK Partners LP (0%) ONEOK Inc,. Energy and Power / Oil & Gas //0 Pending Calpine Corp (0%) Calpine Corp SPV 5,. Energy and Power / Power //0 Pending Scripps Networks Interactive (0%) Discovery Communications Inc,0. Media and Entertainment / Cable //0 //0 Whole Foods Market Inc (0%) Amazon.com Inc,5. Retail / Food & Beverage Retailing //0 Pending WPZ GP LLC (0%) Williams Partners LP,5. Energy and Power / Oil & Gas //0 Pending Kite Pharma Inc (0%) Gilead Sciences Inc,0. Healthcare / Biotechnology Rnk Val US$bil % Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) % of WW FS Volume YTD.5%.%.%.% 55.% 5....% %.....% % % 50.0% 0.0% 0.0% 0.0%.0% 0.0%

9 First Nine Months 0 Mergers & Acquisitions s Americas Rankings Any Americas Involvement Announced (AD) Any Americas Involvement Completed (AF55) 0 0 Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Fees Sh (%) Share Ch. 0, , , , , , , , ,5... 5, , , , , , , , , , , , , , , , , Centerview Partners LLC, Perella Weinberg Partners LP 5 5, , Centerview Partners LLC 5, Wells Fargo & Co, Jefferies LLC 5 5, M Klein & Co LLC 5, , BMO Capital Markets 5, , Guggenheim Securities LLC, TD Securities Inc, , Guggenheim Securities LLC 5 5, Jefferies LLC 0, Wells Fargo & Co 0, , , Banco Bradesco SA 5, , TD Securities Inc 5, Allen & Co Inc 0, Alantra Partners SA, PJT Partners Inc, , Alantra Partners SA 5, Sandler O'Neill Partners 5 5, ,50,. 0.0,0 +,,,5. 0.0,0 +,, %.5%.%.0%.0%.0%.% 5.%.%.% Note: s include multiple competing bids for the same Target. US Target Announced (AD) US Target Completed (AF) 0 0 Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Fees Sh (%) Share Ch., , ,.5. 0., , , , , , , , , , , , , , , , , , , Centerview Partners LLC, Perella Weinberg Partners LP 5, , Centerview Partners LLC 5 50, , , M Klein & Co LLC 5, Jefferies LLC 5, Wells Fargo & Co 5, Guggenheim Securities LLC 5, Guggenheim Securities LLC, Allen & Co Inc 0, BMO Capital Markets, , Jefferies LLC, , , Sandler O'Neill Partners 0, Sandler O'Neill Partners 0 5, Robey Warshaw LLP, Robey Warshaw LLP, Wells Fargo & Co, *, , Qatalyst Partners 0, PJT Partners Inc 5, Perella Weinberg Partners LP, Piper Jaffray Cos 5, PJT Partners Inc 5, ,0. 0.0,5 +,,,. 0.0,0 +,0, %.%.%.%.%.%.%.%.%.% Note: s include multiple competing bids for the same Target.

10 First Nine Months 0 Mergers & Acquisitions s Americas Rankings Any US Involvement Announced (AD) Any US Involvement Completed (AF) 0 0 Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Fees Sh (%) Share Ch., , ,5..., , , , ,0... 5, , , , , , ,., ,. 0, ,., ,0. 55, , , , Centerview Partners LLC, Perella Weinberg Partners LP 5, , Jefferies LLC 0 5, Wells Fargo & Co, Centerview Partners LLC 5 5, M Klein & Co LLC 5, , Guggenheim Securities LLC, , BMO Capital Markets 5, Guggenheim Securities LLC 5 5, Jefferies LLC 0, Wells Fargo & Co, , , , , Alantra Partners SA, Allen & Co Inc PJT Partners Inc 5 0,., Sandler O'Neill Partners 0 5,5., Alantra Partners SA 5, Robey Warshaw LLP, TD Securities Inc 5, Qatalyst Partners 5 0, ,00,. 0.00,55 +,5,, , +, %.%.%.%.%.%.%.5%.%.% Any Canadian Involvement Announced (AD) Any Canadian Involvement Completed (AF) 0 0 Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Fees Sh (%) Share Ch., , TD Securities Inc, , , , , , , , , , Scotiabank, , , BMO Capital Markets 5, CIBC World Markets Inc, , , Wells Fargo & Co 50, BMO Capital Markets, TD Securities Inc, , CIBC World Markets Inc, , Scotiabank, , , Centerview Partners LLC 5, National Bank of Canada Fin'l 5 0, National Bank of Canada Fin'l 5, Banco Bradesco SA, , Sandler O'Neill Partners 5, , , AlixPartners LLC * 5, Santander * 5, Ankura Consulting Group LLC * 5, Credit Agricole CIB * 55 5, Houlihan Lokey 0, , PJT Partners Inc, Jefferies LLC, Macquarie Group, CBRE Holding SAS, , , , Centerview Partners LLC 5, ,. 0.0,5 +50,. 0.0,0 +,. 0.0.%.5%.%.%.%.%.%.%.%.%

11 EMEA Announced M&A Up % Industrials Highest Valued Sector Financial Sponsor Volume Increases First Nine Months 0 Mergers & Acquisitions s EMEA M&A EMEA Deals Intelligence EMEA Involvement Announced Advisors by Target Industry Jan Sept 0 Announced M&A activity with EMEA involvement totaled US$0. billion from, deals in the first nine months of 0, up.% compared to the US$0.5 billion reached in the same period last year. Estimated fees accumulated on EMEA deals completed in the first nine months of 0 were up.5% compared to the same period last year, totaling US$.5 billion. The Industrials sector led the EMEA marketplace, with, deals totaling a combined US$.5 billion, including the acquisition of Abertis Infraestructuras SA by Atlantia SpA, which was the largest European deal of the first nine months of 0, valued at US$. billion. Energy and Power accrued US$. billion, and Healthcare yielded US$. billion of activity. Financial sponsors were more active in the first nine months of 0 compared to the first nine months of 0. EMEAtargeted buyside financial sponsor activity reached US$5. billion in the first nine months of 0, up.% from the US$. billion reported for the same period last year. Acquirors listed on the Euronext Paris Stock Exchange were EMEA's most acquisitive companies for the first nine months of 0, with a combined total of US$. billion in offers. Industrials Energy and Power Healthcare Real Estate Consumer Staples Mkt. Rank Val US$m Rank Share,5. 0,5.. 5,..,..,.,.0.,..,0. 5.,., ,5..,00..,5.,. 0.,. 0. 0,5..,0.,0.. 5,0..,.. No. Deals, 0 0,05 5 Primary Listing of Most Acquisitive EMEA Companies Top (US$b) Jan Sept 0 EMEA Targeted Financial Sponsor Investments (Buyside Sponsor Activity) $00 Q Volume (US$b) 5% $0.0 $5.0 $. $. $. $. $. $. $5. $. Euronext Paris Milan New York Nasdaq OMX Stockholm London Swiss Stock Exchange Zurich Madrid BMFBOVESPA Rank Value (US$b) $50 $00 $50 $0 $50 $0 Q Volume (US$b) Q Volume (US$b).% Q Volume (US$b).%.%.% % of YTD EMEA M&A.% 5.%.%.0% $.5.% $.0 $5.0 $. $0. $.5 $. $. $0.0.0% $. $. $. $.5 $. $. $. $5.0 $. $. $. $. $. $. $. $.0 $. $. $. $. $.0 $. $5. $. $. $5. $.0 $.0 $0.5 $ % 5% % 5% 0% % of EMEA Top Ten EMEA Involvement Announced Deals Rank Date 5/5/0 //0 /5/0 //0 //0 //0 //0 /0/0 /5/0 /0/0 * Undisclosed 0 Status Target (% Sought/Acquired) Acquiror Acquiror / Target Nation Rank Value (US$m) Target Macro / Mid Industry Intended Abertis Infraestructuras SA (0%) Atlantia SpA Italy / Spain,5. Industrials / Transportation & Infrastructure Completed Actelion Pharmaceuticals Ltd (0%) Janssen Holding GmbH Switzerland / Switzerland,0.5 Healthcare / Pharmaceuticals Completed Essity AB (0%) Shareholders Sweden / Sweden 0,0. Consumer Staples / Household & Personal Products Completed Mead Johnson Nutrition Co (0%) Reckitt Benckiser Group PLC United Kingdom / United States,.5 Consumer Staples / Food and Beverage Pending Luxottica Group SpA (.%) Essilor International SA France / Italy,0. Consumer Products and Services / Other Consumer Products Pending Mobileye NV (0%) Cyclops Holdings Inc United States / Israel,. High Technology / Software Pending Logicor Ltd (0%) China Investment Corp China / United Kingdom,. Real Estate / Non Residential Pending Idea Cellular LtdMobile Bus (0%) Vodafone Grp PLCVodafone Asts India / India,. Telecommunications / Wireless Pending Worldpay Group PLC (0%) Vantiv Inc United States / United Kingdom,0. High Technology / Computers & Peripherals Intended Uniper SE (0%) Fortum Oyj Finland / Germany,5. Energy and Power / Power

12 First Nine Months 0 Mergers & Acquisitions s EMEA Rankings Any EMEA Involvement Announced (AD) Any EMEA Involvement Completed (AF5) 0 0 Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Rank Rank US$m Sh (%) Share Ch. Deals Sh (%) # of Deals Fees Sh (%) Share Ch. 5, , , , , , , , , , , , , , , , , , , Centerview Partners LLC, , , Mediobanca, , , Alantra Partners SA, , , Robey Warshaw LLP 5, Industrial & Comm Bank China 5, AZ Capital 5 5, CITIC, Credit Agricole CIB 5, China International Capital Co, Alantra Partners SA 0,0.0, China Construction Bank Lakeside Capital Advisers LLC * * *,5., Societe Generale 0, Dyalco *, , , Perella Weinberg Partners LP, Credit Agricole CIB, Natixis 5 0, Societe Generale, Handelsbanken Capital Markets 0 0, VTB Capital, Wells Fargo & Co 5 5, Robey Warshaw LLP 5, , ,,0 50, ,,0, %.%.% 0.%.%.%.0% 0.%.5%.% Any European Involvement Announced (AD) Any European Involvement Completed (AF) 0 0 Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market Rank Rank US$m Sh (%) Share Ch., , , ,0. 0.., ,.0.., , , ,. 0.., ,...5, ,..., ,...0, ,..., Centerview Partners LLC,... Mediobanca, ,.5.., Alantra Partners SA,...0 5, ,5.5.., , Robey Warshaw LLP 5, Industrial & Comm Bank China 5,... AZ Capital Credit Agricole CIB 5 5,., CITIC China International Capital Co * 5*,0., Alantra Partners SA 0, China Construction Bank * 5*, , Lakeside Capital Advisers LLC *, Societe Generale 0, Dyalco *, , Credit Agricole CIB,.. 0. Perella Weinberg Partners LP, ,0... Natixis 0, Societe Generale,0..5. Handelsbanken Capital Markets 0 0, VTB Capital,.5..0 Wells Fargo & Co 5 5, Robey Warshaw LLP 5, ,5. 0.0,, 0,. 0.0 # of Market Change in Deals Sh (%) # of Deals ,0,5 Advisor Market Market Fees Sh (%) Share Ch , %.%.% 0.%.%.%.5%.%.5%.% te

13 First Nine Months 0 Mergers & Acquisitions s EMEA Rankings Any UK Involvement Announced (AD) Any UK Involvement Completed (AF) 0 0 Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Rank Rank US$m Sh (%) Share Ch. Deals Sh (%) # of Deals Fees Sh (%) Share Ch. 5, , , , , Centerview Partners LLC 5, , , , , , , , , , , Robey Warshaw LLP, Robey Warshaw LLP, ,5., ,0., , , ,5....0, , , Wells Fargo & Co 5 5, , , Macquarie Group, PJT Partners Inc 0*, , Macquarie Group, , Perella Weinberg Partners LP, Numis, Kotak Mahindra Bank Ltd 0, Greenhill & Co, LLC 0, , Perella Weinberg Partners LP, Jefferies LLC, Deloitte, , Wells Fargo & Co 0 5, Axis Bank Ltd 5, PricewaterhouseCoopers 5, , Fenchurch Advisory Partners 5 5 5, , , +,. 0.00, +5, %.5%.% 0.%.%.5%.5%.%.0% 5.% Any French Involvement Announced (AD) Any French Involvement Completed (AF0) 0 0 Rank Value Market Market # of Market Change in,...., , , Credit Agricole CIB 5, Credit Agricole CIB 5, Mediobanca *, Societe Generale, , Societe Generale, Natixis Natixis,5...5., , , Ledouble SA 5 5, , Mediobanca Lambert Energy Advisory Ltd, Ledouble SA Zaoui & Co *, , , UniCredit Messier & Associes *, Numis *, Zaoui & Co, Sycomore Corporate Finance SAS, Sycomore Corporate Finance SAS UniCredit 5 *, Messier & Associes,. 0.0,0 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Rank Rank US$m Sh (%) Share Ch. Deals Sh (%) # of Deals Fees Sh (%) Share Ch. 5, , , , , , , , , , , , , *, , , , , , , *, , , *, , ,5. 0.0,0 0, %.%.5%.%.% 5.% 0.%.%.%.% te

14 First Nine Months 0 Mergers & Acquisitions s EMEA Rankings Any Spanish Involvement Announced (AD) Any Spanish Involvement Completed (AF) 0 0 Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Rank Rank US$m Sh (%) Share Ch. Deals Sh (%) # of Deals Fees Sh (%) Share Ch. 0, , , , Mediobanca AZ Capital * 5,.5 5, ,.0, , Deloitte 5, , , , , , , , , , Natixis 5*, , , PricewaterhouseCoopers, , Natixis 5*, , *, Mediobanca 5*, , PricewaterhouseCoopers 5, , Stifel/KBW, Santander, Dome Group , Santander Stifel/KBW, Oakley Advisory Ltd , Montalban Societe Generale AZ Capital * Dome Group ValueTr Finl Advisors SE * BBVA Houlihan Lokey 5* Oakley Advisory Ltd Ernst & Young LLP Montalban PJT Partners Inc , , % 0.% 5.%.%.5%.%.%.%.%.% Any German Involvement Announced (AD5) Any German Involvement Completed (AF) 0 0 Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Rank Rank US$m Sh (%) Share Ch. Deals Sh (%) # of Deals, , , , , , , , , , , , , , , , , , ,.0, Deloitte 5,.5, , Industrial & Comm Bank China 5, , CITIC, Jefferies LLC, Valence Group, , Berenberg Bank 5* 5, Perella Weinberg Partners LP * 5, Commerzbank AG 5*, Macquarie Group *, , Societe Generale *, , , PricewaterhouseCoopers, , Banco BTG Pactual SA 0, PricewaterhouseCoopers, Societe Generale *, Ernst & Young LLP,....5 Ernst & Young LLP, Jones Lang LaSalle Inc, Jefferies LLC, Piper Jaffray Cos *, , Infrared Capital Partners Ltd 5, , ,..0,,5. 0.0,0 Advisor Market Market Fees Sh (%) Share Ch , %.%.%.%.%.% 5.% 5.0%.%.%

15 First Nine Months 0 Mergers & Acquisitions s EMEA Rankings Any Italian Involvement Announced (AD) Any Italian Involvement Completed (AF) 0 0 Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Rank Rank US$m Sh (%) Share Ch. Deals Sh (%) # of Deals Fees Sh (%) Share Ch. Mediobanca,.... Mediobanca, , , , , , UniCredit, AZ Capital 5,5., ,., , KPMG, , , , , , Credit Agricole CIB, , , LionTree Advisors LLC, Colombo & Associati, KPMG,505., ,., , , Leonardo & Co, , UniCredit, Banca IMI (Intesa Sanpaolo), Banca IMI (Intesa Sanpaolo) 0, Equita SIM SpA BNDES * International Finance Corp * The Raine Group LLC Leonardo & Co Guotai Junan Securities Roland Berger & Partner GmbH * China International Capital Co * Robert W Baird & Co Inc * CITIC * EnVent SpA Santander PricewaterhouseCoopers , , %.%.%.5% 5.%.% 5.%.% 0.%.% Any Nordic Involvement Announced (AD) Any Nordic Involvement Completed (AF) 0 0 Rank Value Market Market Rank Rank US$m Sh (%) Share Ch.,.5.0.,50... Handelsbanken Capital Markets 5 0,5..., , Nordea,5.5.., ,5...0,.0.5., Lambert Energy Advisory Ltd,0.5.. MHS Corporate,.0.. 5,... Quayle Munro Ltd,55... DNB ASA 5,...0 Arma Partners LLP *, Bain & Co *,0.5.. Messier & Associes *,... NC Advisory A/S *,... ABG Sundal Collier 0,.. 0. Cushman & Wakefield Inc 5,.. 0. OC & C Strategy Consultants,0... SEB,.0.. Jones Lang LaSalle Inc, Houlihan Lokey 5, , # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Deals Sh (%) # of Deals Fees Sh (%) Share Ch. 0. 0, Handelsbanken Capital Markets 0, , Nordea 5, , , , , SEB, , Quayle Munro Ltd, , *, DNB ASA, , Arctic Securities ASA, , Perella Weinberg Partners LP, PricewaterhouseCoopers Access Partners * * * Arma Partners LLP Carnegie Foros ,, ,. 0.0.%.5%.%.%.%.%.0%.% 5.%.%

16 First Nine Months 0 Mergers & Acquisitions s EMEA Rankings Any Benelux Involvement Announced (AD0) Any Benelux Involvement Completed (AF) 0 0 Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Rank Rank US$m Sh (%) Share Ch. Deals Sh (%) # of Deals Fees Sh (%) Share Ch. 5, , Mediobanca 5 0,. 0,.0, ,5.,5., , , ,. 5,.0, CITIC Alantra Partners SA * 5,.5,5., , Industrial & Comm Bank China *, , China International Capital Co *, Scotiabank TD Securities Inc *,.,., China Construction Bank Lakeside Capital Advisers LLC Dyalco * * *,5.,5., BMO Capital Markets *, , Nordea 5, , ,5., ,.0, , , Quayle Munro Ltd *, Ernst & Young LLP, Houlihan Lokey 0, Scotiabank 0*, OC & C Strategy Consultants *, TD Securities Inc 0*, CITIC, , Jones Lang LaSalle Inc 5, ING, Wells Fargo & Co, Macquarie Group 0, , FTI Consulting Inc 5, ,. 0.00,, , 0, %.%.%.0%.5%.%.%.%.%.5% EMEA Inv. Announced M&A Target Sector by Value ($bil) 0 Quarterly EMEA Cross Border Volume $00 Inbound (US$b) Outbound (US$b) Number of deals,500 $5. $. $0. $. $.5 ` $500 $00,000 $.5 $. $.0 $. $. Rank Value (US$b) $00 $00,500,000 # of Deals $.0 $. $0 500 Industrials Energy and Power Healthcare Real Estate $ Consumer Staples High Technology Financials Consumer Products and Services Materials Telecommunications Media and Entertainment Retail

17 Asian M&A Down % I Real Estate Top Industry I Australia Outbound Up % First Nine Months 0 Mergers & Acquisitions s Asia Pacific (exjapan) M&A Asia Pacific (exjapan) Deals Intelligence Announced M&A volume with Asian involvement for the first nine months of 0 decreased by % compared to the same period in 0, accruing US$. billion in value from,55 deals. With a combined market share of.5%, Real Estate, Industrials and Financials were the most active industries so far this year. Real Estate took an.% market share, while Industrials and Financials had.% and.%, respectively. The top announced Asianinvolvement deal for the first nine months of 0 was the acquisition of Singaporebased Global Logistic Properties, Asia's biggest warehouse operator, by Nesta Investment Holdings, for $. billion. According to estimates, M&A advisory fees from completed transactions totaled US$. billion during the first nine months of 0, a % increase from the levels recorded during the same period in 0. Goldman Sachs led the yeartodate fee rankings with US$5. million, followed by and CITIC, with US$. million and US$.5 million, respectively. China outbound activity in the first nine months of 0 posted US$. billion from deals, only a % decrease in number of transactions but a % decrease in value compared to the same period last year. Australia's outbound activity was at US$ billion from 5 deals, an increase of % in volume and only a % decrease in number of deals from the same period in 0. Asia (exjapan) Involvement Announced Advisors by Target Industry Mkt. Rank Val US$m Rank Share No. Deals Real Estate,.,5..0 5,00.. Wells Fargo & Co 5,..0 Industrials 0,05.,5 China International Capital Co,..,..,5.. Financials,.,5 Gram Capital,..,..0 5, High Technology,.0,,..,.5.5 China Securities Co Ltd 5,0.. Energy and Power 5,. China International Capital Co,0.. CITIC,.0. VTB Capital, Jan Sept 0 0 China Cross Border Announced M&A Asian Completed M&A by Region Imputed Fees $0 $0 $0 Outbound (US$b) Inbound (US$b) % of Cross Border is Outbound 0% 0% $.0 $0. $0. North Asia South Asia Southeast Asia Australasia Rank Value (US$b) $0 $0 $50 $0 $0 0% 0% % Outbound Imputed Fees (US$b) $0. $0. $0.5 $0. $0. $0 0% $0. $ $0. $0 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q5 Q5 Q5 Q5 Q Q Q Q Q Q Q 0% $0.0 Q Q Q Q Q Q Q Q5 Q5 Q5 Q5 Q Q Q Q Q Q Q Top Ten Any Asia (exjapan) Involvement Announced Deals Rank Date Date Effective Target (% Sought/Acquired) Acquiror Acquiror / Target Nation Rank Value (US$m) //0 Pending Global Logistic Properties Ltd (0%) Nesta Investment Holdings Ltd China / Singapore,. //0 Pending Logicor Ltd (0%) China Investment Corp China / United Kingdom,. /0/0 Pending Idea Cellular LtdMobile Bus (0%) Vodafone Grp PLCVodafone Asts India / India,. //0 Pending China Unicom (HK) Ltd (.%) China Unicom (BVI) Ltd China / Hong Kong,55. //0 Pending Rosneft Oil Co (.%) China CEFC Energy Co Ltd China / Russian Fed,0.0 //0 Intended Orient Overseas(Intl)Ltd(OOIL) (0%) Investor Group Hong Kong / Hong Kong,. //0 //0 Guangdong Intl Tr InvestAsts (0%) Guangzhou Wanxi RE Co Ltd China / China,. //0 Pending ista Luxemburg GmbH (0%) Lamarillo Sarl Luxembourg / Germany,.5 //0 Pending Dalian Wanda Coml Ppty CoAsts (0%) Sunac Real Estate Group Co Ltd China / China,500. //0 Pending China United Network Commun (.%) Investor Group China / China 5,. Jan Sept 0 0 Target Macro / Mid Industry Industrials / Other Industrials Real Estate / Non Residential Telecommunications / Wireless Telecommunications / Telecommunications Services Energy and Power / Oil & Gas Industrials / Transportation & Infrastructure Real Estate / Other Real Estate High Technology / Electronics Real Estate / Other Real Estate Telecommunications / Telecommunications Services 5

18 Any Asia (exjapan) Involvement Announced (AD5) Jan Sept 0 First Nine Months 0 Mergers & Acquisitions s Asia (exjapan) Rankings Any Asia (exjapan) Involvement Completed (AF) Jan Sept Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Fees Sh (%) Share Ch., , , , China International Capital Co, CITIC, ,... 0., , Industrial & Comm Bank China 5 5, , , CITIC, China International Capital Co, , , Industrial & Comm Bank China 5 5,... 0., , China Construction Bank, DBS Group Holdings 0, Lakeside Capital Advisers LLC *, , Dyalco *, PJT Partners Inc 0 5, Alantra Partners SA *, Wells Fargo & Co 5, , , VTB Capital 5, Kotak Mahindra Bank Ltd 5, JM Financial Group 5, Robey Warshaw LLP, , Axis Bank Ltd, , , , Haitong Securities Co Ltd 0, , China Renaissance Partners, GF Securities, ING, Arpwood Capital 0, Gram Capital 5, Great Wall Securities Co Ltd, VTB Capital, Macquarie Group, China Securities Co Ltd 5, Banca IMI (Intesa Sanpaolo) 5, , ,55 5, ,,0, %.%.%.%.%.%.%.5%.%.% Any Australian Involvement Announced (AD) Jan Sept 0 Any Australian Involvement Completed (AF) Jan Sept Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Fees Sh (%) Share Ch. Macquarie Group,.... Macquarie Group, , , , , , , , Gresham Partners 5, , Platinum Securities, , , , , , , , Robey Warshaw LLP, Deloitte, , , , , , , Deloitte *, Ernst & Young LLP 5 5, *, , Ernst & Young LLP 0, , , Luminis Partners Pty Ltd, Jefferies LLC, Punongbayan & Araullo, Allier Capital 5, , , Robey Warshaw LLP , Allier Capital Sumitomo Mitsui Finl Grp Inc * CITIC Highbury Partnership Pty Ltd * Greenhill & Co, LLC Grant Samuel Societe Generale CITIC ,. 0.0, + 5, %.%.%.%.5%.0%.% 5.%.%.%

19 Asia (exjapan) Buyside Financial Sponsor Activity Any New Zealand Inv Announced (AD) First Nine Months 0 Mergers & Acquisitions s Asia (exjapan) Rankings Jan Sept 0 Rank Value (US$b) $ Q Volume (US$b) Q Volume (US$b) 0.% $ Q Volume (US$b).% Q Volume (US$b) $0 $5. % of WW FS Volume YTD.%.5%.% $0.% $0.% $. $0.5 $.5.% $0 $5. $..%.% $. $0 $. $.0 $.5 5% $. $5.0 $5. $. $.5 $0 $. $. $.5 $.0 $. $. $. $. $. $. $.5 $.0 $.0 $. $.0 $. $. $.5 $0 0% Any Asian (exjapan) Involvement Announced M&A by Target Industry ($bil) 5% 0% 5% % % of Asia (exjapan) Volume Cameron Partners Ltd 0 Rank * * 5.%.% Cameron Partners Ltd Macquarie Group 0 Rank Value Market Market # of Market Change in Rank US$m Sh (%) Share Ch. Deals Sh (%) # of Deals * ,. 0.0 Any New Zealand Involvement Completed (AF) 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Fees Sh (%) Share Ch. * * * ,0.0 5.% 5.% Australian Cross Border Announced M&A 0.0.%.% %.% %.% 5.5% Jan Sept $0 0% Outbound (US$b) Inbound (US$b) % % % % $0 % of Cross Border is Outbound 0% % % 0% % % % % 5% Rank Value (US$b) $0 0% Outbound $ 0% Real Estate Industrials Financials High Technology Energy and Power Materials Telecommunications Consumer Staples Media and Entertainment Consumer Products and Services Healthcare Retail Government and Agencies $0 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q5 Q5 Q5 Q5 Q Q Q Q Q Q Q 0%

20 Japanese M&A Down 5% Japanese Inbound Up 55% Financial Sponsor Volume Up 0% First Nine Months 0 Mergers & Acquisitions s Japan M&A Japan Deals Intelligence Japanese M&A activity totaled US$0. billion during the first nine months of 0, a 5% decrease from comparable 0 levels and the slowest first nine months volume since 0. Japanese involvement deals over US$ billion were announced during the first nine months of 0, totaling US$. billion in aggregate and down.% compared to the first nine months of 0. Overall,,500 deals were announced during the three quarters of 0, a.% decrease in deal count compared to last year. Deal making in the High Technology sector led the Japanese market, with deal volume totaling US$. billion, accounting for a.% market share. Inbound activity hit a record high of US$. billion during the first three quarters of 0, a 55% increase from comparable 0 levels. Bain Capital s US$. billion acquisition of Toshiba Memory Corp was the largest Japanese deal todate in 0, and the sixth largest deal since 000. The deal boosted Japantargeted buyside financial sponsor activity to 0% compared to the same period in 0, recording US$ billion in aggregate value, which was the highest first nine months volume on record. Outbound activity totaled US$5. billion during the first nine months of 0, a 0.% decrease compared to the first nine months of 0. Softbank s US$ billion investment to WeWork was the largest outbound deal announced during the third quarter. Estimated M&A advisory fees from any Japanese involvement completed transactions totaled US$. billion during the first three quarters of 0, a 5.% increase from comparable period in 0. Any Japanese Involvement Announced M&A Japanese Involvement Announced M&A Top Advisors by Target Industry Jan Sept 0 0 Rank Val Mkt. No. US$m Rank Share Deals High Technology,.,0..,.5. Mitsubishi UFJ,0.0. Financials,. 5,55.. Mitsubishi UFJ, ,5.. Industrials,.0 Sumitomo Mitsui Finl Grp Inc,.. Mitsubishi UFJ,0..,.0. Real Estate,0. 5 Daiwa Securities Group Inc. 5. Sumitomo Mitsui Finl Grp Inc *. PricewaterhouseCoopers *. Healthcare,50.5,5. 5.0, ,.. Any Japanese Involvement by Market $5 $00 Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) # of Deals Q, Domestic Value Inbound Value Outbound Value Outbound # Inbound # Domestic # 00 $ $50.5 $5. $50. $50 $5., $. $5 $ $. $50.5 $5. $. $. $. 00 $0 $.5 $. $ $.0 $5 $50. $ $. $. 5.0 $5. $. $. $. $0. $50 $. $. 00 $..0 $. $5 $.0 $5. $. $.0 $. $5.0 $. $.5 $5. $ $ Q Q Q5 Q5 Q5 Q5 Q Q Q Q Q Q Q Top Ten Japanese Involvement Announced Deals Jan Sept 0 0 Rank Date Date Effective Target (% Sought/Acquired) Acquiror Acquiror / Target Nation Rank Value (US$m) Target Macro / Mid Industry /0/0 Pending Toshiba Memory Corp (0%) KK Pangea Japan / Japan,0.0 High Technology / Semiconductors //0 Completed Didi Chuxing Technology Co Ltd (%) Investor Group Japan / China 5,500.0 High Technology / Software //0 Completed ARIAD Pharmaceuticals Inc (0%) Kiku Merger Co Inc 5,. Healthcare / Biotechnology /0/0 Pending KK Pangea (%) Investor Group United States / Japan,. Financials / Other Financials //0 Pending Sunoco LPConvenience Stores (0%) Eleven Inc,05. Energy and Power / Oil & Gas //0 Pending Fortress Investment Group LLC (0%) SoftBank Group Corp Japan / United States,0. Financials / Asset Management //0 Pending Wework Cos Inc (%) SoftBank Group Corp Japan / United States,000.0 Real Estate / Non Residential //0 Completed USJ Co Ltd (%) NBCUniversal Media LLC United States / Japan,. Media and Entertainment / Recreation & Leisure //0 Pending First Capital Insurance Ltd (.%) Mitsui Sumitomo Insurance Japan / Singapore,00.0 Financials / Insurance //0 Pending Takata CorpBusiness (0%) Key Safety Systems Inc United States / Japan,5. Industrials / Automobiles & Components Rank Value (US$b) # of Deals Rank Value (US$b) # of Deals

21 First Nine Months 0 Mergers & Acquisitions s Japan Rankings Any Japanese Involvement Announced (AD) Jan Sept 0 Any Japanese Involvement Completed (AF) Jan Sept Rank Value Market Market # of Market Change in 0 0 Rank Value Market Market # of Market Change in Advisor Market Market Fees Sh (%) Share Ch.,0.... Mitsubishi UFJ, , Sumitomo Mitsui Finl Grp Inc, Mitsubishi UFJ,.0.. Mizuho Financial Group 0, Sumitomo Mitsui Finl Grp Inc, , , , , , , , Mizuho Financial Group, , , , , Daiwa Securities Group Inc 5, Daiwa Securities Group Inc,55...., PricewaterhouseCoopers, , , , , Ernst & Young LLP 5, Ernst & Young LLP 5 5, , KPMG, Plutus Consulting Co Ltd, Macquarie Group 5, , GCA Corp, PricewaterhouseCoopers, , , , KPMG 0, Plutus Consulting Co Ltd 5, Qatalyst Partners, Jefferies LLC *, Centerview Partners LLC, , Sumitomo Mitsui Trust Holdings, Industrial & Comm Bank China, Houlihan Lokey, BMO Capital Markets 5*, Torreya Partners LLC 5, Torreya Partners LLC 5*, ,. 0.0,0 5, ,. 0.0, %.% 5.% 5.0%.% 0.%.0%.%.% 0.5% Japanese Involvement Announced M&A Target Industry by Value Japanese Target Completed M&A Fees $00 Q Q Q Q # of Deals Q 00.%.% High Technology Industrials Healthcare Energy and Power Media and Entertainment Telecommunications.%.5%.% 5.% Financials Real Estate Materials Consumer Staples Consumer Products and Services Retail Imputeed Fees (US$mil) $00 $00 $00 $500 $00 $00 $00 $0 $0 5.. $ $ $5. $5.5. $. $. $. $. $5. $5. $. $. $. $0.5 $0. $0. $. $5.0 $50. $. $. $. $. $0. $. $5.0 $. $. $. $ Number of Deals Visit it th t to view archives and order custom League Tables th