FIMA Daily Insight CROATIA SLOVENIA ROMANIA BULGARIA. Vlatko Kesegić. Darko Horvat. October 16, ,5% 16,5% 12,8% -5,6% CROBEX SBI BET SOFIX

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1 CROATIA SLOVENIA ROMANIA BULGARIA FIMA Daily Insight October 16, 2017 CROATIA BENCHMARKS DAILY CHANGES % 0,47% 0,39% 0,13% -0,04% CROBEX SBI BET SOFIX Croatian equities closed mixed on Friday; CROBEX decreased 0.04% to 1, pts and blue chip CROBEX 10 increased 0.23% to 1, pts. Regular stock turnover amounted to HRK 4.43 million. (Neutral) Tourism Company Valamar Riviera (RIVPRA CZ) topped the liquidity board collecting HRK 0.71 million in turnover and its price decreased 1.40% to HRK On September 29, companies Koncar-elektricni aparati srednjeg napona d.d., Koncar-elektricni visokonaponski aparati d.d. and Koncar-sklopna postrojenja d.d. signed merger agreement. The purpose of the merger is to achieve synergistic effects through: greater concentration of knowledge and experience, reduction of double functions, stronger capital base and stronger market penetration, as well as increase of productivity through stronger business relationship and greater volume of products and services exchange with customers. This is a slow but positive move of the management, which has been anticipated in our research report issued in May. (Positive) 1 BENCHMARKS 3Y CHARTS Croatian oil pipeline operator Jadranski Naftovod (Janaf) (JNAFRA CZ) increased its capital by HRK.77 mln to HRK 2.95 bln. The capital hike was carried out by increasing the company's ordinary share price from a nominal HRK 2.83 to HRK Janaf has terminals on the island of Krk, as well as in Sisak, Virje, Slavonski Brod and Zitnjak, and operates 622 kilometres of pipelines. It has 1.54 mln cubic metres of storage capacity for oil and 202,000 cu m of capacity for the storage of petroleum products. (Neutral) Number of construction permits issued in Croatia rose by an annual 14% to 695 in August, after increasing 32% yoy a month earlier, according to the national statistical office. The planned value of works covered by the total number of construction permits issued in August reached HRK 1.4 bln. (Positive) SLOVENIA Oct-14 Oct-15 Oct-16 Oct-17 CROBEX SBI BET SOFIX BENCHMARKS 1Y % RETURNS In Jan-Aug, net profit of Slovenian banks increased by 1.3% yoy to EUR mln. Net interest income decreased by 4.8% yoy to EUR mln, while net fees and commissions income remained unchanged at EUR mln. Gross revenue fell by 4.5% yoy to EUR mln, while operating costs declined by 0.3% to EUR mln. Slovenian banks' total assets increased to EUR 37.3 bln as at end-august, up by EUR 271 mln compared to end (Neutral) ROMANIA 12,8% 16,5% 31,5% In 3Q 2017, OMV Petrom s (SNP RO) total hydrocarbon production decreased by 5.6% yoy to 166kboe/d, with crude and gas output down by 6.3% yoy and by 3.2% yoy, respectively. Average realized crude price added 17.7% yoy and rose to USD 44.05/bbl implying a differential to Brent price of USD 8/bbl, in line with the last quarter level. The refinery utilization rate remained high at 93%. Total refined product sales grew to 1.4mt (+0.7% yoy). Gas sales volumes to third parties added 1.9% yoy to 9.06 TWh and electrical output declined by 37.5% yoy to 0.75 TWh. (Neutral) -5,6% CROBEX SBI BET SOFIX SALES AND TRADING DESK CONTACTS Vlatko Kesegić Phone: vkesegic@fima.com Darko Horvat Phone: dhorvat@fima.com trading@fima.com Bistrita-based building materials manufacturer Teraplast (TRP RO) is opening a sandwich panel factory in Leskovac locality (Serbia), following an investment of EUR 11 mln which also includes the amount for the acquisition of the factory previously named Interlemind, an acquisition worth EUR 4.3 mln. (Positive) In August, Romania's seasonally adjusted industrial output grew by 2% compared with July, according to the data from the country's statistics board. (Positive) BULGARIA The producer of solar panels Solarpro Holding (0S8 BU) announced solid increase of non-consolidated profit for the nine months of The company reported BGN 4 mln revenues from its deliveries to Macedonia and Hungary. The profit before tax reached BGN 1.12 mln or jumped six-fold yoy. On October 12, Solarpro Holding generated more than half (55%) of turnover on the Bulgarian Stock Exchange (BSE). (Positive) The central bank increased the negative interest rates on banks excess reserves to 0.6% from 0.4%. The decision is negative for Bulgarian banks who have sizable cash in the central bank and it is aiming to stimulate the credit activity. The excess reserves are BGN 7 bln. Bulgarian National Bank adopted the negative interest rates in the beginning of Since then the credit activity slightly emerged from the hibernation of the previous eight years. The credit growth is mainly due to the improved economic conditions and the rising real estate construction and prices. (Negative) 1

2 Trading day recap CROATIA Market Trunover ( EUR mn): 0, 1 Valamar 0,09 Granolio 24,59% Tehnika -8,57% 2 Atlantska plov. 0,09 Proficio 11,05% Slavonski ZIF -7,35% 3 HT 0,08 Uljanik 8,33% Kras -5,66% 4 DDJH 0,08 Viktor Lenac 7,34% Ingra -4,53% 5 Arenaturist 0,08 ULPL 7,33% Hidroelektra -3,76% 6 Adris - pfd 0,03 RIZO 6,90% Maistra -2,82% 7 Viktor Lenac 0,02 HPB 5,76% Badel -2,78% 8 Dalekovod 0,02 Viadukt 5,56% Varteks -2,72% 9 Granolio 0,01 Hoteli Tucepi 5,55% Petrokemija -2,06% Oct-14 Oct-15 Oct-16 Oct ZABA 0,01 Hoteli Haludovo 4,76% Pectinatus -1,85% CROBEX CRO Tourism CROPLUS Index SLOVENIA Market Trunover ( EUR mn): 0,46 1 Luka Koper 0,10 Intereuropa 4,05% Cinkarna Celje -0,52% 2 Krka 0,10 Gorenje 1,68% Sava Re -0,12% 3 Petrol 0,08 Hotel Union 1,12% Mercator 0,00% 4 Cinkarna Celje 0,05 Telekom Slo. 0,85% Unior 0,00% 5 Telekom Slo. 0,05 Petrol 0,% Salus 0,00% 6 Intereuropa 0,03 Luka Koper 0,31% Kmecka Druzba 0,00% 7 Triglav 0,03 Krka 0,04% Melamin 0,00% 70 8 Sava Re 0,00 Triglav 0,03% Terme Catez 0,00% 9 Gorenje 0,00 Mercator 0,00% Nama 0,00% Oct-14 Oct-15 Oct-16 Oct-1710 Salus 0,00 Unior 0,00% Mlinotest 0,00% SBI ROMANIA Market Trunover ( EUR mn): 4,45 Volume () Leaders Laggers Volume () Leaders Laggers Volume () Leaders Laggers 1 Fondul Prop. 0,96 Comcereal Slo 42,9% Napochim -8,94% 2 OMV Petrom 0,72 Constructii Fe 12,22% Unirea Shoppin -8,59% 3 Banca Trans. 0,64 Turism Covasna 7,07% Granitul -7,75% 4 BRD 0,44 Unisem Bucure 5,63% Life Is Hard -4,14% 5 Romgaz 0,38 Carbochim 4,74% Comcereal Tul -2,81% 6 Sif 3 Transilv 0,25 Prodplast 4,27% Aerostar Baca -1,44% 7 Transgaz 0,23 Ropharma 3,71% Electroarges -1,22% 8 Electrica 0,19 Bermas 3,37% Iasitex Iasi -1,16% Oct-14 Oct-15 Oct-16 Oct-17 9 Transelectrica 0,13 Retrasib 3,33% Antibiotice -1,08% 10 Conpet Ploies 0,12 Electromagneti 2,94% Bur De Valori -0,97% BET BET-BK Index BULGARIA Market Trunover ( EUR mn): 0,22 Volume () Leaders Laggers Apr-15 Apr-16 Apr-17 SOFIX BGBX40 index 1 Sirma Group Ho 0,06 Ekip-98 Holdin 7,69% Bulgaria Housi -10,82% 2 Vance Terrafun 0,05 CCB 2,% Svilosa -8,90% 3 Koro Bulgaria 0,01 Koro Bulgaria 2,42% Fazerles -7,04% 4 Cez Electro Bu 0,01 Emka -Sevlievo 1,43% Billboard -5,04% 5 Holding Varna 0,01 Sopharma 1,40% Euroholding Bl -4,90% 6 Aktiv Properti 0,01 Stara Planina 1,17% Formoplast Ka -3,41% 7 Chimimport 0,01 FIB 0,92% Elhim Iskra -2,91% 8 FIB 0,01 Sopharma Tring 0,68% Zarneni Hrani -1,91% 9 Trace Group 0,01 Monbat 0,46% Albena -1,20% 10 Bulgaria Housi 0,00 Doverie Holdin 0,44% Bulgaria Stock -1,05% 2

3 Fundamentals - overview of selected companies SIZE PRICE VALUATION & PERFORMANCE INDICATORS Name CONSTRUCTION mn Last Price 1D Δ YTD P/E EV/ EV/S P/BV ND / Margin ROE T57 BU 54,4-5,3 4,4-0,25% -16,4% -10,3-196,1 0,4 1,2 46,2-0,2% -10,8% - DLKVRA CZ 69,1 2,7 21,0-0,62% 54,6% 25,3 8,9 0,7 1,9 3,9 8,4% 6,8% - VDKTRA CZ 0,6-6,0 9,5 5,56% -96,9% -0,1-291,0 0, ,0-0,2% - - INGRRA CZ 6,5 1,1 3,6-4,53% 17,0% 6,1 39,8 8,0 0,5 33,4 20,2% 7,9% - THNKRA CZ 8,1 0,7 320,0-8,57% -30,5% 10,9 20,2 1,0 0,2 11,6 5,0% 1,8% - IGHRA CZ 20,1-4,4 245,9-1,64% 36,4% -4,5 19,2 3,1-13,9 16% - - DIVERSIFIED ADRSPA CZ 1072,6 61,9 4,0 1,09% -1,4% 17,3 1,1 0,3 0,5-4,1 26,3% 5,3% 3,8% 6C4 BU 208,3 29,4 1,7 0,00% 1,8% 7,1-1,6 0, ,6% 3,2% 4HS BU 8,7 0,2 3,5 0,00% 4,5% 55, , ,5% 6,1% - 5V2 BU 88,3 0,1 33,0 0,00% 0,0% 1329,2 38,6 6,4 1,1 13,0 16,5% 0,1% - 4EH BU 104,1-4,3 1,3-4,90% 93,3% -24,2 19,3 1,5 2,0 8,9 7,6% -8,4% 0,8% 5SR BU 86,5 4,2 8,1 1,17% 24,1% 20,7-1,1 1, ,5% 2,7% ENERGY & UTILITY SNG RO 2664,0 #N/A N/A 31,7 0,48% 26,8% 8,8-1,6 1, ,1% SNP RO 3575,6 409,1 0,3 0,52% 10,9% - 2,5 0,8 0,6 0,0 31,7% 6,9% 5,2% TGN RO 1034,6 132,7 403,0 0,% 37,1% 7,8 2,7 1,4 1,2-1,0 52,0% - 11,5% EL RO 977,6 79,4 13,0 1,89% -1,5% 12,3 3,1 0,5 0,8-2,5 16,9% 6,3% 5,7% TEL RO 465,1-29,1 0,34% -0,3% , ,8% COTE RO 201,0-106,5 1,43% 35,2% - 3,2-1,3-2, ,6% INARA CZ 4462,0 125,6 3.3,0 0,00% 15,5% 35,5 10,8 2,0 3,0 0,8 18,2% 8,6% 0,5% SNN RO 493,1 24,7 7,5 0,00% 64,1% 20,0 1,9 0,7 0,3-0,3 40% 1,5% 4,4% JNAFRA CZ 711,3 40, ,0 0,00% 0,0% 17,7 9,5 7,2 1,4-1,3 75,7% 7,9% 3,1% FOOD & BEVERAGE PODRRA CZ 298,2 15,5 314,5 2,10% -17,1% 19,2 8,8 0,9 0,8 2,6 9,7% 4,1% 2,2% ATGRRA CZ 365,7 24,5 823,6-0,18% -6,9% 14,9 8,3 0,8 1,3 3,1 9,4% 9,1% 1,6% LEDORA CZ #N/A N/A -35,8 #N/A N/A - #VALUE! - 9,6 1,8-1,1 18,2% -17,7% - JMNCRA CZ #N/A N/A 40,8 #N/A N/A - #VALUE! - 8,4 1,2-0,6 13,9% 17,3% - KRASRA CZ 82,3 3,5 4,0-5,66% -16,6% 23,5 10,2 1,0 0,9 3,5 9,3% 4,3% 1,8% CKMLRA CZ 85,3 7,8 6.,0 0,00% -5,6% 11,0 8,2 0,6 1,2 0,9 8% 10,9% 1,1% BLJERA CZ #N/A N/A -5,9 #N/A N/A - #VALUE! - 12,1 1,4-5,8 11,6% -3,2% - ZVZDRA CZ #N/A N/A -19,3 #N/A N/A - #VALUE! - 12,5 0,8-4,4 7% -18,4% - 3

4 Fundamentals - overview of selected companies Name INDUSTRIAL SIZE PRICE VALUATION & PERFORMANCE INDICATORS mn Last Price 1D Δ YTD P/E EV/ EV/S P/BV ND / Margin ROE GRVG SV 146,5 10,3 6,0 1,68% 0,1% 14,2 6,3 0,4 0,4 3,7 6,8% 2,8% 1,7% ERNTRA CZ 210,0 13, ,0 1,46% 1,7% 16,2 9,2 0,9 4,9-1,7 10,2% 35,2% 9,0% CICG SV 148,3 19,3 182,1-0,52% 12,4% 7,7 3,0 0,6 1,0-0,9 20,7% 13,1% 5,0% DDJHRA CZ 39,2-0,9 38,8 3,% -14,1% -45,0 22,3 1,1 3,7 11,9 4,9% - - ADPLRA CZ 92,9 8,1 166,0-1,01% 19,8% 11,5 6,9 1,1 0,9 2,5 15,6% 8,5% 5,1% 5MB BU 217,3 14,9 10,9 0,46% 12,8% 14,6 11,2 1,8 2,1 2,1 16% 15,0% 2,6% KODTRA CZ 53,2 5, ,2 0,78% 3,2% 9,9 5,2 0,3 1,1-0,7 6,3% 15,2% 3,6% 5MH BU 156,2 6,3 7,8-0,38% 17,6% 24,9 14,5 3,1 4,9-0,9 21,3% 19,7% 3,3% KOEIRA CZ 231,2 16,8 675,0 0,00% -2,2% 13,8 11,4 0,7 0,8-3,7 6,0% 5,8% 1,8% INFRASTRUCTURE LKPG SV 446,6 48,0 31,9 0,31% 27,6% 9,3 6,7 2,6 1,3 1,3 39,6% 14,3% 4,4% LKPCRA CZ 28,2-2,8 0,0 0,00% -12,4% -10,0-13,5 1,0 0,5 1,2-7,4% -5,0% - LKRIRA CZ 88,2 2,6 49,1 0,14% 2,5% 33,5 67,3 4,2 0,9 5,9 6,2% 2,8% - MARINE ATPLRA CZ 84,6-4,2 455,0 1,52% 61,0% -19,9 17,9 4,4 1,1 6,9 24,7% -5,4% - TPNGRA CZ 67,5 4,4 58,0-0,33% -22,7% 15,5 10,8 4,4 0,8 6,4 40,6% 5,3% 2,8% LPLHRA CZ 14,7-0,3 167,0 0,00% -16,5% -57,2 11,4 1,3 0,7-1,8 11,6% -1,2% - JDPLRA CZ 7,7-8,4 35,5 4,53% -12,9% -0,9,1 4,9 0,2 78,5 6,1% -19,1% - 5BR BU 13,7-0,6 0,8-13,1% -24,1 8,6 1,3 0,3-0,2 14,6% -1,4% - PHARMA KRKG SV 1873,5 130,1 57,1 0,04% 8,0% 14,4 6,7 1,4 1,2-0,1 21,1% 8,6% 4,8% 3JR BU 288,7 23,8 4,2 1,40% 40,6% 12,1 10,1 0,9 1,2 2,1 9,1% 10,4% 2,4% ATB RO,5-0,6-1,08% 5,8% , ,0% BIO RO 65,5-0,3-0,65% 13,0% , ,6% SCD RO 209,1-2,3 0,88% 17,9% ,8% 53B BU #N/A N/A 8,7 #N/A N/A - #VALUE! - - 0, ,7% - RETAIL & DIST. RPH RO 40,5-0,4 3,71% 33,5% , MELR SV 182,8-69,2 30,0 0,00% -55,9% -2,6 10,7 0,5 0,3 6, ,4% - PETG SV 751,1 74,6 3,0 0,% 10,8% 10,1 6,7 0,3 1,2 2,2 4,0% 12,8% 3,9% TISKRA CZ #N/A N/A -51,3 #N/A N/A - #VALUE! - -4,5 0,2 - -0,6-3,4% - - MDKARA CZ 61,9 12, ,0 0,00% -10,4% 5,0 6,0 0,2 0,9 3,5 3,0% 20,2% - PVCMRA CZ - 3,0 216,9 1,83% 22,2% ,1-3,1% 9,0% - 4

5 Fundamentals - overview of selected companies Name TELECOMS SIZE PRICE Last Price 1D Δ YTD P/E VALUATION & PERFORMANCE INDICATORS EV/ EV/S P/BV ND / Margin HTRA CZ 1904,4 124,0 174,6 0,34% 3,3% 15,4 4,2 1,6 1,2-1,2 39,5% 8,0% 3,4% TLSG SV 540,5 48,3 82,7 0,85% 16,3% 11,2 4,4 1,2 0,7 1,9 27% 6,8% 6,0% OPTERA CZ 24,1 1,8 2,9-0,70% 5,9% 13,7 4,3 1,0 4,4 2,5 23,9% 33,1% - ROE TOURISM BANKS RIVPRA CZ 755,5 40,0 45,0-1,40% 30,1% 18,9 9,3 4,9 2,8 1,7 52,0% 15,8% 1,8% TUHORA CZ 153,9 9,9 3.1,0 0,00% 6,8% 15,5 10,8 4,8 3,6-0,7 45% 24,4% 1,9% HIMRRA CZ 69,0 1,5 815,0 0,00% 0,1% 46,5 11,9 4,6 1,6 2,5 39,0% 3,4% - ARNTRA CZ 319,7-14,2 468,0-1,36% -0,1% -22,5 17,5 4,9 1,6 3,5 28% -10,1% - PLAGRA CZ 2,1 31, ,0-1,35% 22,0% 15,7 9,9 4,0 1,9 1,6 40,7% 13,2% 0,0% LRHRA CZ 156,6 1, ,0 2,24% 5,9% 102,0 10,4 4,4 1,6 0,7 43% 1,6% - HUPZRA CZ 187,0 10,3 3.2,0 0,00% 16,2% 18,2-4,2 1, ,0% 0,5% MAISRA CZ 451,9 19,5 310,0-2,82% 22,5% 23,2 12,8 4,3 2,5 2,8 33% 11,3% - 6AB BU 135,5 7,3 62,0-1,20% 0,9% 18,5 15,1 3,2 0,6 2,8 21,1% 3,4% - HMSTRA CZ 18,5 0,5 270,0 0,00% -3,5% 34,0 7,2 3,1 1,1 0,3 42% 3,4% - ACIRA CZ 81,4 0,8 5.4,0-0,02% -13,9% 96,1 8,4 3,1 1,4-0,8 37% 1,4% - SLRSRA CZ 82,3-1, ,0-0,% 11,2% -73,8 8,3-0,8 3, ILRARA CZ 58,1 4, ,0 0,35% 11,0% 13,0-3,9 1, ,1% 1,4% TLV RO 2229,3 283,4 2,4 0,21% 17,6% 8,0 1,7 11,6% 11,7% 0,7 20,6% 2,6% 2,1% BRD RO 1935,9 249,1 12,7 0,63% 7,2% 7,9 1,3 12,8% 12,6% 0,7 17% 2,2% 5,7% ZABARA CZ 2262,8 149,7 53,1-1,58% -1,8% 15,2 1,0-14,4% 1,0 6,4% 0,9% 10,0% BCC RO #N/A N/A -9,4 0,1 1,04% #VALUE! - eld Not Ap - 3,4% 0,4-45% -2,4% - PBZRA CZ 1905,5 181,9 7,0 0,00% -2,5% 10,5 1,0-17,6% 0,9 9,6% 1,7% 3,4% 5F4 BU 303,6 23,4 5,4 0,92% 61,1% 12,9 0,7-9,3% 0,7 5% 0,5% - INSURANCES FUNDS Mkcap () mn Last Price 1D Δ YTD P/E mn Price 1D YTD P/E P/Bv P/GPW TE/TA Com. ratio ROE ROA ZVTG SV 655,0 81,9 28,8 0,03% 24,2% 8,0 0,9 0,7 0,2 0,9 11,5% 2,3% 8,7% POSR SV 283,8 32,8 16,5-0,12% 24,7% 7,9 0,9 0,6 0,2 0,7 11% 2,0% 4,9% CROSRA ZA 751,1 74,6 3,0 0,% 0,9% 10,1 6,7 0,3 1,2 2,2 4,0% 12,8% 0,0% Mkcap () mn Price 1D YTD P/E NAV Discount to NAV FP RO 1856, ,6 0,8 0,36% 18,9% 6,0 1,2 0,3 0,3 137,6% 5,9% P/Bv NPL ratio TE/TA L/D ROE Avg. 1Y Dsc. to NAV ROA Sortino 5

6 CROATIA SLOVENIA ROMANIA BULGARIA FIMA Daily Insight INSTITUTIONAL SALES AND TRADING DESK CONTACTS: VLATKO KESEGIĆ DARKO HORVAT TRADING DEPARTMENT: DISCLAIMER FIMA Daily Insight is a publication issued by FIMA Securities Ltd. It discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions. It is provided for general informational purposes only and should not be relied on for any other purpose. It is not, and it is not intended to be, research, a recommendation or investment advice, as it does not constitute substantive research or analysis, not an offer to sell or the solicitation of offers to buy any FIMA Securities product or service. It does not take into account the particular investment objectives, restrictions, tax and financial situation or other needs of any specific client or potential client. In addition, the information is not intended to provide sufficient basis on which to make an investment decision. This publication uses publicly available records published by the selected relevant sources and public information services (Zagreb Stock Exchange, Bloomberg, Reuters, publicly available financial reports of the Issuer, publicly available opinions of representatives of the Issuers etc.). Although we believe that the stated information and other records are reliable, we do not guarantee for their accuracy, completeness or timeliness. The opinions and information herein are current only as of the date appearing on the cover. FIMA Securities has no obligation to provide any updates or changes to such opinions and information. By publishing this FIMA Securities Ltd. does not bear any responsibility for the consequences, or for the possible damages resulted from usage of the information and records published in this publication. Single opinions stated in this publication may change without prior notice. The opinions expressed in this publication are those of various authors, and do not necessarily represent the opinions of FIMA Securities or its affiliates. Past performance is not indicative of future results, which may vary significantly. The value of investments and the income derived from investments can go down as well as up. Future returns are not guaranteed, and a loss of principal may occur. The information and statements provided herein do not provide any assurance or guarantee as to returns that may be realised from investments in any security or other assets. This material does not purport to contain all of the information that an interested party may desire and, in fact, provides only a limited view of a particular market. Should you need more information about risks connected to investing in securities please see General Operating Conditions at This publication has not been prepared in compliance with the provisions of the Capital Market Act, and the Regulations of the Croatian Agency for Supervision of Financial Services (HANFA) ensuring independence of investment research, as also the issuance of the publication has not been subject to trading ban prior to distribution, as it has usually been foreseen for investment researches. According to the previously stated regulations this publication is considered to be promotional communication. All significant sources of information used in preparing of this publication were stated in its text. The seat of the Company FIMA Securities Ltd. is in Varaždin, Vrazova 25, whereas the operating of the Company has been supervised by the Croatian Agency for Supervision of Financial Services. The company was entered into the Court Register of the Commercial Court in Varaždin under the number: Protection of copyright and database records exist in this Document, and the same must not be reproduced, distributed or published by anyone regardless the intention, without previous express consent of the Company FIMA Securities Ltd. Please state the source in case of citing. All rights reserved. FIMA Daily Insight is prepared by the employees of FIMA Securities Ltd. The first issue of FIMA Daily Insight was published on 16TH January Additional information is available upon request. 6