INVESTMENT BANKING SCORECARD

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1 Volume ($b) DEALS INTELLIGENCE I DECEMBER 6, 01 INVESTMENT BANKING SCORECARD Investment Banking Volume by Asset Class Equity Capital Markets by Issue Type $1,00 $1,00 LOAN 01ytd 011ytd $1,000 $0 $100 $00 $00 $00 $500 $600 $700 Volume ($b) $800 $600 Debt Capital Markets by Issue Type 01ytd FollowOn IPO Convertible $00 011ytd $00 $0 $1,000 $,000 $,000 $,000 $5,000 $6,000 Volume ($b) $0 D11 J1 F M A M J J A S O N D Agency, Supranational, Sovereign MBS Federal Credit Agency High Yield Corporate Emerging Market Corporate ABS Weekly Headlines Drives Tech Corporate Bond Volume an issuers, which account for 1% of global high technology investment grade corporate debt issuance so far this year, up from % compared to yeartodate 011, have registered tripledigit percentage growth this year, with over $7 billion in new issues in the sector. Overall, global high technology investment grade corporate debt totals $5.5 billion for yeartodate 01, a decline of 17.5% compared to last year at this time. Tech issuers in the Americas have raised $.7 billion this year, a decline of % compared to a year ago. This week's $6.0 billion offering from Intel Corp ranks as the largest tech investment grade tech offering this year. JP Morgan, a bookrunner for Intel along with Bank of America Merrill Lynch, tops tech investment grade debt underwriting with 18.9% of the market compared to 11% last year. Inbound Falls.5% from Yearago Levels Baxter International's $.0 billion offer for Sweden's Gambro AB pushed the level of Inbound Crossborder an to $1. billion for yeartodate 01, a decline of.5% compared to last year at this time. Acquirors in the Americas account for 7% of Inbound Crossborder an activity this year, compared to 66% a year ago. an activity from American acquirors totals $158.8 billion so far this year, the highest level for activity since 007. Acquirors in Asia and account for 1% and 7%, respectively. Industrials, retail and financials account for 1% of Inbound Crossborder activity so far this year, a marked increase from the 19% of overall activity for these sectors last year at this time. Energy & power and healthcare dealmaking lead the decliners, down 59% and % over 011. Tops $15 billion, Alltime YTD Record HSBC's $9. billion sale of a 15.6% stake in 's Ping An Insurance Group to a Thailandbased investor group, ranks as the second largest deal in this year and pushes yeartodate volume of in to $15. billion, an alltime yeartodate record. Deal making in the materials sectors leads all activity this year with % of in. Materials, coupled with telecommunications and financials, accounts for 50% of overall volune in this year, compared to % last year at this time. UBS tops the list of financial advisors for target this year, up from 11th place last year at this time, displacing International Capital, which fell to second place. HSBC, an advisor to Ping An Insurance, rounds out the top three. 1

2 DEALS INTELLIGENCE I DECEMBER 6, 01 LEAGUE TABLES Global Announced Mergers and Acquisitions (AD1) Global Equity and Equityrelated (C1) YeartoDate YeartoDate Volume Mkt. No. Proceeds Mkt. Advisor US$m Rank Share Deals Rank Share Mkt. Share Bookrunner US$m Rank Share 60, , Morgan Stanley, (0.) Morgan Stanley 6, JP Morgan 5, , Credit Suisse 88, JP Morgan, , Bank of America Merrill Lynch, Deutsche Bank 6, Deutsche Bank 6, Bank of America Merrill Lynch 0, (.0) Credit Suisse, , (0.) UBS, UBS 0, (1.) 9, Lazard 19, (1.5) Wells Fargo & Co 10, Industry Total,1,5.7 10,55 10 Top Ten Total 71, Industry Total 576, No. Deals Rank Share Mkt. Share (0.5) ,55 10 Global Debt (B1) Global Syndicated Loans (R1) YeartoDate YeartoDate Proceeds Mkt. No. Proceeds Mkt. No. Bookrunner US$m Rank Share Deals Rank Share Mkt. Share Bookrunner US$m Rank Share Deals Rank Share Mkt. Share JP Morgan 18, , JP Morgan 96, Deutsche Bank 56, ,6 6.8 (0.1) Bank of America Merrill Lynch 5, () 5, , ,0 1, (0.5) 0.1 Wells Fargo & Co 170,07.0 1, (0.) (0.) Bank of America Merrill Lynch 78, , 5.7 (0.) Mizuho Financial Group 1, Morgan Stanley 68, , Mitsubishi UFJ Financial Group 107, , (0.) 8, HSBC Holdings PLC, , Sumitomo Mitsui Finl Grp Inc 75, Credit Suisse 06, Deutsche Bank 61, (0.1) BNP Paribas SA 18, () BNP Paribas SA 57, (1.1) Top Ten Total,795, (0.) Top Ten Total 1,6, Industry Total 5,78, ,79 10 Industry Total,6, , Source: Thomson Reuters LPC

3 DEALS INTELLIGENCE I DECEMBER 6, 01 REGIONAL DEALS MATRIX ALL CROSSBORDER (by Target Nation) STRATEGIC PRIVATE EQUITY Target Region/Nation Americas Middle East Italy France Asia (ex. ) Australia India % Change % Change Deals YoY Deals % Change YoY Deals YoY Deals,1.,55 6% ,06 % 1,95.8 0,0 5% 66.5,05 1,06. 10,78 9% 17.0,707 17% ,07 10% , ,61 1% ,61 % ,88 17% , %.0 7% % % % % % % ,18 % 8.7, 8% ,50 1% , ,16 % % ,857 6% ,5 %. 5 17% 6.0 1,05 11% % % 1. 5% % % % ,50 6% % % ,986 67% 0. 0 % ,95 67% ,9 % 15.9,6 1% ,871 % ,8 % % 59. 1,57 1% ,98 10% % 1.8,86 7% % % % ,80 17% % ,699 17% ,9 1% 9. 1,67 18% 11. 6,05 1% % Change YoY 10% % 5% 9% 60% % % 50% 110% 85% 9% 79% % 1% 58% 6% 1% % 15% ALL DEBT CAPITAL MARKETS SECURITIZATIONS INVESTMENT GRADE CORPORATE DEBT HIGH YIELD CORPORATE DEBT % Change % Change % Change Issuer Region/Nation Issues YoY Issues YoY Issues YoY 5,78.8 1,79 8% ,0 0%,607. 6,0 1% % Americas,1 6,1 11% % 7.7 1,09 % % 1,80.8 5,5 1% % % % % % 1, % 0. 0%.8 9 8% 0 Middle East % % 1.1,06.,57 % % ,859 1% % % % % % % % % % Italy % %. 7 % % % 80% France 7 5 1% % % % % Asia (ex. ) 71.8,78 0%.8 18% 7.6 1,57 % % Australia % % %.1 5 0% % % % India % 1 9% % 6 1,0 8% % % 7.9 1, 1%.9 9 7% 0.1 1, 1% %

4 DEALS INTELLIGENCE I DECEMBER 6, 01 REGIONAL DEALS MATRIX ALL EQUITY CAPITAL MARKETS IPOs FOLLOWONS CONVERTIBLES Issuer Region/Nation 576.5,55 % % 05. Americas ,000 1% % % % %.1 5% % 0..1 Middle East 6. 0% % % % % % %.7 9 0% 1.6 Issues, % Change YoY 7% % 1% % 9% % 5% 86% 1. 55% 11% % 5% 6% % 75% Italy % % % % % 0. 90% France % % %.5 5 % % % Asia (ex. ) ,67 17% % ,15 11% % Australia % 1 7% % % % % % % India % 0. 77% % % % % % % % % % % LOAN ALL SYNDICATED LOANS LEVERAGED LOANS Borrower Region/Nation,7. 7,019 6% 817.,177 15% Americas 1,57.,88 % ,775 8% 1,97.8,96 % ,77 10% % % % Middle East % % % % % % % Italy % % % France % % % % Asia (ex. ) 9.7 1,0 8%.5 1 5% Australia % % 19 India % % 68. 1,657 6% % Source: Thomson Reuters LPC About Thomson Reuters Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs 55,000 people and operates in over 100 countries. For more information, go to About Thomson Reuters Deals Intelligence Thomson Reuters Deals Intelligence, a part of Thomson Reuters Investment Banking division, brings up to the minute market intelligence to our clients and the financial media through a variety of research reports including Daily Deals Insight, weekly Investment Banking Scorecard, monthly Deals Snapshots and our industryleading quarterly reviews highlighting trends in and Capital Markets. Contact Information: AMERICAS Matt Toole I I matthew.toole@thomsonreuters.com EUROPE Lucille Quilter l l lucille.quilter@thomsonreuters.com ASIA Elaine Tan l l elaine.tan@thomsonreuters.com

5 DEALS INTELLIGENCE I DECEMBER 6, 01 INDUSTRY ANALYSIS AND TOP DEALS Syndicated Loans Industry Consumer Prod/Svcs Energy and Power Financials Healthcare High Technology Industrials Materials Media and Entertainment Real Estate Retail Consumer Staples Telecommunications Government and Agencies Deals % Change YoY Deals % Change YoY Deals % Change YoY Deals % Change YoY 77., 1% % % % 19.0,809 10% % % % 5.9,71 0% %, ,56 % % 1.8 1,90 1% % % % 16.8,8 19% % % % 01.7,97 11% % % , 0% 0.8,8 % % % % 109.,99 1% % % % 06.9,0 % % % % ,60 % % % % 08.1,08 70% % % % % % % % 1,15.1,591 % % Top Deals Last Eight Days Ann. Date 1/5/1 1/5/1 1//1 Target Name Plains Expl & Prodn Co Ping An Insurance(Group)Co Gambro AB Target Nation Sweden Deal Value ($mil) 10,0. Acquiror Name FreeportMcMoRan Copper & Gold 9,85.9 Investor Group,998.7 Baxter International Inc Acquiror Nation Thailand Issue Date Issuer Name 1//1 Intel Corp 1//1 Rio Tinto Finance Plc 1//1 Royal Bank of Canada Canada 5,981.9,5.,010.9 Issue Type LOAN Issue Date Issuer Name 1//1 Deutsche Post AG 1,09.6 1/5/1 LyondellBasell Industries NV Netherlands 1, /5/1 Goldin Financial Holdings Ltd Hong Kong 50.5 Close Date Issuer Name 1/5/1 Seibu Holdings Inc 89. 1/6/1 Firth Rixson Ltd //1 AZ Electronic Materials SA Luxembourg Issue Type Convertible FollowOn FollowOn 5