Reuters/Kai Pfaffenbach GLOBAL INVESTMENT BANKING REVIEW

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1 Reuters/Kai Pfaffenbach FULL YEAR 2012

2 Global IB Fees Down 3%; DCM Accounts for 30% JP Morgan Retains Top Spot Fees from ECM Down 17%; M&A Fees Down 12% Global Investment Banking Fees Total US$74.8 billion, down 3% from 2011; Slowest Annual Period since 2009; Europe IB Fees Fall to 8-Year Low JP Morgan Retains Top Global Investment Banking Fees Ranking; RBC Capital Markets, Citi, Barclays & Wells Fargo Lead Wallet-share Gains Financials, Resources and Industrials Account for 63% of Global Investment Banking Fee Pool Debt Capital Markets Fees Account for 30% of Global Fees; M&A Fees Fall 12%; Slowest Year for ECM fees since 2003 Financial Sponsor-related Fees Hit $10 billion, Down 1% from 2011; The Carlyle Group LP Tops Financial Sponsor Rankings Fees for global Investment Banking services, from M&A advisory to capital markets underwriting, totaled US$74.8 billion during full year 2012, a 3% decrease over last year at this time and the slowest period for investment banking fees since Fourth quarter investment banking fees totaled US$20.7 billion, an increase of 13% compared to the third quarter of Fees in Europe totaled US$17.1 billion, a 17% decrease from 2011 while fees in Asia Pacific decreased 18%. Fees in the Americas increased 6% compared full year 2011, while fees in Japan increased 18% over 2011 levels. JP Morgan topped the global investment banking league table for full year 2012 with US$5.6 billion in fees, or 7.5% of overall walletshare. Bank of America Merrill Lynch booked US$4.9 billion in investment banking fees during 2012, a decrease of 6.5% over last year and a loss of 0.2 wallet-share points. Within the top 25, RBC Capital Markets saw the biggest year-over-year wallet-share gain of 0.8 points, followed by Citi, Barclays and Wells Fargo, each with gains of 0.6 wallet-share points over Investment banking activity in the financials, energy & power, industrials and materials sectors accounted for 63% of the global fee pool during full year JP Morgan topped the fee rankings in eight sectors during full year 2012, with double-digit wallet-share in the healthcare sector. Deutsche Bank, bolstered by sovereign debt underwriting, registered a 6.3% share of government and agency underwriting activity, which fell 7% over full year Morgan Stanley, bolstered by strength in IPO underwriting, captured 10.7% of technology investment t banking fees during full year Fees from debt capital markets underwriting totaled US$22.5 billion, an increase of 26% compared to last year's tally and accounted for 30% of overall IB fees this year. M&A advisory fees totaled US$20.5 billion during full year 2012, a decrease of 12% over the same period last year, and accounted for 27% of the global fee pool. Equity capital markets underwriting fees totaled US$15.6 billion during full year 2012, registering a 17% decrease from the year ago period and the slowest annual period for ECM fees since Investment banking fees generated by financial sponsors and their portfolio companies reached $10.0 billion during full year 2012, a decline of 1% compared to full year Fees generated from leveraged buyouts accounted for 37% of financial sponsor-related fees during 2012, on par with the composition of financial sponsor-related activity seen since the 2008 financial crisis. The Carlyle Group LP and related entities generated $396 million in investment banking fees this year, an increase of 43% compared to full year 2011, while Goldman Sachs collected an industry-leading 7.5% of financial sponsor-related fees during full year MEDIA CONTACT: CRITERIA SUMMARY: Americas Europe Asia-Pacific Japan Lauren Herman Clare Arber Thomas Lau Yukiko Matsushima 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 industry-leading quarterly reviews highlighting trends in M&A and Capital Markets. All data is as of 9:00am EST on January 2, 2012 and sourced via Deals Business Intelligence Volumes based on Thomson Reuters' industry-leading Deals content (M&A, Equity, Bonds and Loans) and Freeman Consulting's algorithm for imputing investment banking fees Date periods referred to within based on the effective date for M&A, the issue date for Equity and Bonds and the closing date for Loans Geographies and sectors are based on the nation of headquarters and macro industry of the deal participant's parent Source: Thomson Reuters Deals Business Intelligence

3 Global Investment Banking Fee Trend (US$b) 19.8% CAGR % CAGR $102.7 Global Investment Banking Fees by Region: Full Year 2012 (US$m) Global $ 74,757.8 fees -3.4% $59.7 $69.5 $88.2 $66.7 $70.5 $79.1 $77.4 $74.8 Americas $ 42,909.3 fees 5.5% EMEA Japan $ 18,200.0 fees $ 4,181.3 fees -16.0% 18.1% Asia-Pacific $ 9,467.2 fees -17.8% YOY % Δ 16.4% 26.9% 16.4% -35.1% 5.7% 12.2% -2.1% -3.4% Global Investment Banking Fees by Product (US$b) Global Quarterly Investment Banking Fees by Region (US$b) 45% 40% 35% 30% 25% 20% 15% 10% 5% 30% 15% 28% 28% 23% 17% 16% 15% 21% 17% 27% 26% 16% 12% 23% 30% 22% $35 $30 $25 $20 $15 $10 $5 Q4 '12 vs. Q3 '12: Global (+12.9%) Japan (-10.6%) Asia-Pacific (-8.0%) EMEA (+13.9%) Americas (+20.0%) 0% $ Bonds Equity Loans M&A Source: Thomson Reuters Deals Business Intelligence

4 Global Investment Banking Fees by Nation: Full Year 2012 Fees (US$) / Year-over-Year Change (%) Americas Europe, Middle East & Africa Asia-Pacific & Japan Region Fees ($m) YOY Region Fees ($m) YOY Region Fees ($m) YOY Region Fees ($m) YOY North America $ 40, % UK & Ireland $ 4, % Iberia 1, % North Asia $ 5, % South America 1, % France & Benelux 4, % CIS % Japan 4, % Caribbean % Germania 3, % Middle East % Australasia 2, % Central America % Southern Europe 1, % Africa % Southeast Asia 1, % Americas $ 42, % Nordic 1, % CEE % South Asia % EMEA $ 18, % AsPac & Japan $ 13, % Canada $4.88b / 9.1% United States $35.57b / 5.3% Mexico $442m / 26.9% Finland: $302m / 55.7% Sweden: $600m / -29.4% Norway: $339m / -20.2% Denmark: $197m / -28.1% Neth: $988m / -27.2% 2% UK: $3.76b / -16.4% Germany: $2.14b / -12.1% Lux: $633m / 4.1% France: $2.05b / -28.6% Spain: $1.19b / -23.6% Switzerland: $1.16b / 5.0% Italy: $1.12b / 1.7% India $558m / -22.8% Russia $702m / -37.0% China $3.40b / -25.5% S. Korea: $623m / -24.2% Japan: $4.18b / 18.1% Hong Kong: $756m / -29.2% Singapore: $333m / -11.1% Malaysia: $556m / 49.5% Global IB Fees Full Year 2012 $74.8b -3.4% YOY % Brazil $896m / -9.3% South Africa $232m / -33.9% Australia $2.14b / -11.6% -50% -20% -10% -5% 0% +5% +10% +20% +50% Source: Thomson Reuters Deals Business Intelligence

5 Global Investment Banking: Top Banks - Full Year 2012 (US$m) Rank Fees (US$m) Share 2012 YOY Bank Name 2012 YOY 2012 YOY 1 - = JP Morgan $ 5, % 7.5% = Bank of America Merrill Lynch 4, % 6.5% Goldman Sachs & Co 4, % 5.6% Morgan Stanley 3, % 5.2% Citi 3, % 5.0% Credit Suisse 3, % 4.8% = Deutsche Bank 3, % 4.5% = Barclays , % 44% 4.4% = UBS 2, % 3.1% = Wells Fargo & Co 2, % 2.8% RBC Capital Markets 2, % 2.7% HSBC Holdings PLC 1, % 1.9% RBS 1, % 1.6% BNP Paribas SA 1, % 1.5% = Mizuho Financial Group 1, % 1.4% Nomura % 1.3% Jefferies & Co Inc % 1.2% BMO Capital Markets % 1.2% = Sumitomo Mitsui Finl Grp Inc % 1.1% Mitsubishi UFJ Financial Group % 1.0% Lazard % 1.0% TD Securities Inc % 0.9% Rothschild % 0.8% Scotiabank % 0.8% Societe Generale % 0.7% -0.2 Global Total $ 74, % Product Mix - Full Year 2012 Bonds Equity Loans M&A Source: Thomson Reuters Deals Business Intelligence

6 Global Investment Banking: Top Banks by Product/Region/Sector - Full Year 2012 (US$m) By Sector By Product By Region IB Fees (US$m) Top 5 Banks by Fees & Share - Full Year YOY Δ Top 5 Bank #1 Bank #2 Bank #3 Bank #4 Bank #5 Global IB $ 74,757.8 $ 77, % 29.8% JPM (7.5%) BOAML (6.5%) GS (5.6%) MS (5.2%) CITI (5.0%) Americas $ 42,909.3 $ 40, % 37.2% JPM (9.4%) BOAML (9.0%) GS (6.6%) CITI (6.2%) MS (6.1%) Europe 17, , % 25.5% DB (6.1%) JPM (6.1%) GS (4.8%) BARC (4.4%) BNPP (4.1%) Asia-Pacific 9, , % 20.2% UBS (4.6%) CS (4.5%) HSBC (3.8%) JPM (3.7%) GS (3.7%) Japan 4, , % 62.0% MIZUHO (18.5%) SMFG (14.2%) NOMURA (12.6%) MS (9.4%) MUFJ (7.3%) MEA 1, , % 23.5% JPM (6.2%) BARC (5.1%) HSBC (4.5%) CITI (4.2%) GS (3.5%) Bonds $ 22,513.6 $ 17, % 34.1% JPM (8.7%) BOAML (7.3%) CITI (6.7%) DB (5.8%) MS (5.6%) M&A 20, , % 1% 30.0% 0% GS (8.2%) JPM (6.1%) MS (5.8%) CS (5.5%) 5%) BOAML (4.4%) 4%) Loans 16, , % 29.6% JPM (8.5%) BOAML (7.9%) CITI (4.8%) WF (4.4%) BARC (4.2%) Equity 15, , % 30.8% MS (6.8%) BOAML (6.7%) JPM (6.5%) GS (5.8%) CITI (5.0%) Follow-On 9, , % 30.3% JPM (6.9%) BOAML (6.5%) GS (6.4%) MS (5.5%) CITI (5.0%) IPO 4, , % 30.7% MS (9.3%) BOAML (6.7%) JPM (5.1%) CITI (5.1%) GS (4.6%) Convertible 1, , % 38.8% JPM (9.5%) DB (8.2%) BOAML (7.8%) CS (6.8%) MS (6.5%) Financials $ 23,343.7 $ 22, % 30.5% JPM (6.5%) BOAML (6.5%) GS (6.0%) MS (5.8%) CS (5.6%) Energy & Power 11, , % 28.9% JPM (6.9%) BARC (5.8%) BOAML (5.6%) CS (5.5%) CITI (5.1%) Industrials 7, , % 27.7% JPM (6.2%) GS (5.7%) BOAML (5.6%) CITI (5.2%) DB (4.9%) Materials 5, , % 27.1% JPM (7.4%) CITI (6.1%) BOAML (5.2%) CS (4.3%) MS (4.1%) Healthcare 4, , % 44.2% JPM (13.0%) GS (9.7%) BOAML (9.0%) CS (6.3%) MS (6.1%) High Tech 4, , % 38.7% MS (10.7%) JPM (10.2%) GS (8.0%) BOAML (5.7%) BARC (4.2%) Real Estate 3, , % 31.1% BOAML (9.7%) JPM (5.8%) WF (5.7%) MS (4.9%) CITI (4.9%) Consumer Staples 2, , % 30.5% JPM (9.9%) BOAML (6.1%) MS (5.6%) GS (4.5%) BARC (4.4%) Media & Ent 2, , % 35.6% JPM (9.5%) BOAML (8.7%) DB (7.4%) CITI (5.5%) UBS (4.6%) Consumer Products 2, , % 30.2% BOAML (8.3%) JPM (7.7%) CS (4.9%) MS (4.8%) BARC (4.5%) Govt & Agencies 2, , % 26.4% DB (6.3%) JPM (5.7%) MS (5.4%) HSBC (5.2%) RBC (3.8%) Telecom 2, , % 33.8% JPM (9.0%) DB (6.9%) BOAML (6.3%) BARC (6.0%) CITI (5.6%) Retail 2, , % 34.2% BOAML (8.7%) GS (8.4%) JPM (8.1%) BARC (4.6%) WF (4.4%) Source: Thomson Reuters Deals Business Intelligence

7 Global Investment Banking: Top Corporate Fee Payers (US$m) IB Fees - All Products (US$m) IB Fees By Product ( ) Top 3 Banks & Share ( ) Company Name Avg Ann'l Bonds Equity Loans M&A Top 3 Bank #1 Bank #2 Bank #3 GE $ 282 $ 295 $ 273 $ % JPM (15.5%) CITI (13.3%) BOAML (9.7%) AIG % CITI (14.8%) MS (11.8%) BOAML (11.5%) Porsche Automobil Holding SE % DB (11.3%) CS (10.8%) BOAML (7.6%) Chesapeake Energy Corp % JEFF (31.1%) GS (18.0%) MS (6.3%) American Intl Assurance Group % DB (11.2%) GS (10.2%) MS (6.5%) PPL Corp % BOAML (26.5%) CS (25.1%) WF (6.7%) Kinder Morgan Inc % BARC (27.6%) DB (7.5%) GS (6.9%) BHP Billiton Ltd % BARC (12.2%) UBS (9.6%) JPM (6.6%) CNPC % ICBC (11.7%) CITIC (9.3%) BofCH (8.6%) Glencore International Plc % CITI (14.0%) MS S( (13.1%) CS (10.0%) 0%) Health Care REIT Inc % BOAML (20.8%) UBS (17.9%) JPM (12.3%) The Williams Cos Inc % CITI (21.0%) BARC (20.7%) UBS (14.7%) Dai-ichi Mutual Life Insurance % NOMURA (36.8%) MIZUHO (29.3%) BOAML (11.3%) GDF Suez SA % BNPP (8.2%) NOMURA (8.2%) ROTH (6.7%) El Paso Corp % MS (14.0%) JPM (11.1%) CITI (9.0%) INPEX Corp % NOMURA (25.5%) MIZUHO (15.4%) GS (14.2%) Ford Motor Co % DB (13.4%) JPM (9.6%) BARC (8.6%) HCA Holdings Inc % JPM (15.7%) BOAML (15.7%) CITI (13.8%) General Motors Co % JPM (14.1%) MS (12.2%) DB (9.6%) ING Groep NV % ING (18.0%) JPM (17.0%) DB (8.7%) Gazprom % CACIB (8.7%) JPM (7.0%) SG (6.9%) Linn Energy LLC % RBC (20.9%) BARC (12.9%) CITI (12.0%) VimpelCom Ltd % CS (11.5%) UBS (9.6%) DB (7.1%) Apollo Global Management LLC % JPM (14.0%) CS (12.6%) GS (11.2%) Telefonica SA % HSBC (10.0%) UBS (9.4%) SANT (8.1%) Top 25 Fee Payers 3,266 3,655 2,929 3, % JPM (7.9%) BOAML (7.6%) CITI (7.1%) All Others 51,173 51,822 52,593 49, % JPM (8.0%) BOAML (6.9%) GS (5.6%) Global Total $ 54,439 $ 55,477 $ 55,522 $ 52, % JPM (7.7%) BOAML (6.6%) GS (5.4%) Notes: - Excludes Governments & Agencies, Government Sponsored Enterprises, Financial Sponsors, Banks, Brokerages, Credit Institutions & Other Financials Source: Thomson Reuters Deals Business Intelligence

8 Financial Sponsor Fee Trend (US$b) Top Financial Sponsors by Fees - Full Year 2012 (US$m) $16 14% Rank Fees (US$m) By Activity (Full Year 2012) 13% 13% ('12/'11) Sponsor Name 2012 YOY Buyouts Acq Fin. Exits Portfolio Other 13% (1/5) The Carlyle Group LP $ % $14 12% 12% (2/1) KKR & Co LP % (3/8) Apollo Global Management LLC % $12 (4/3) Blackstone Group LP % 10% 10% (5/4) CVC Capital Partners Ltd % 10% (6/2) TPG Capital LP % $10 9% (7/17) Advent International Corp % 8% 8% (8/31) Riverstone Holdings LLC % $8 (9/29) GS Capital Partners LP % (10/20) Hellman & Friedman LLC % $13.7 6% (11/26) Madison Dearborn Partners LLC % $6 (12/7) Bain Capital LLC % 5% $10.4 $10.0 $10.0 (13/9) Warburg Pincus LLC % 4% $4 (14/92) Avista Capital Holdings LP 136 >200% $7.1 $7.6 (15/6) BC Partners Ltd % $5.2 $5.5 (16/12) Clayton Dubilier & Rice LLC % $2 2% $3.4 (17/19) Thomas H Lee Co 125-3% (18/16) Onex Corp % (19/45) Golden Gate Capital % $0 0% (20/23) Leonard Green & Partners LP % Sponsor Total $ 9,956-1% Sponsor Fees (US$b) Sponsor Fees as % of IB Financial Sponsor Fees by Activity Type (US$b) 70% 60% 59% 59% 59% 50% 51% 50% 40% 38% 39% 37% 32% 30% 28% 26% 28% 26% 25% 20% 20% 16% 18% 14% 10% 11% 11% 10% 8% 8% 6% 8% 3% 0% Buyouts* Exits (M&A & ECM) M&A Exits ECM Exits - Financial sponsor fees based on pro rata methodology - Buyouts* include fees from related acquisition financings - Portfolio company activity included if sponsor's s holding is estimated at 20+% - Other includes fees from capital raisings by and/or acquisitions of financial sponsors Financial Sponsors: Top Banks - Full Year 2012 (US$m) Rank Fees (US$m) By Activity (Full Year 2012) ('12/'11) Sponsor Name 2012 YOY Buyouts Acq Fin. Exits Portfolio Other (1/2) Goldman Sachs & Co $ 745-8% (2/6) Barclays % (3/5) Credit Suisse 656 5% (4/1) JP Morgan % (5/4) Morgan Stanley % (6/3) Bank of America Merrill Lynch % (7/7) Deutsche Bank % (8/8) Citi % (9/10) RBC Capital Markets % (10/9) UBS 322-1% (11/13) Jefferies & Co Inc % (12/12) Wells Fargo & Co 212 9% (13/15) General Electric Co % (14/19) Nomura % (15/21) BMO Capital Markets % (16/14) Lazard % (17/16) Rothschild % (18/33) SunTrust Banks % (19/20) Houlihan Lokey 102 6% (20/18) HSBC Holdings PLC 97-14% Sponsor Total $ 9,956-1% Source: Thomson Reuters Deals Business Intelligence

9 Global Investment Banking: Top Banks by Product (US$m) Global M&A: Top Banks - Full Year 2012 (US$m) Global Equity: Top Banks - Full Year 2012 (US$m) Rank Fees Share Client Mix by Region Rank Fees Share Client Mix by Region 2012 YOY Bank Name 2012 YOY 2012 YOY Americas EMEA Asia-Pacific Japan 2012 YOY Bank Name 2012 YOY 2012 YOY Americas EMEA Asia-Pacific Japan 1 - = Goldman Sachs & Co $ 1,686-6% 8.2% Morgan Stanley $ 1,061-9% 6.8% JP Morgan 1,254-22% 6.1% = Bank of America Merrill Lynch 1,039-3% 6.7% Morgan Stanley 1,182-29% 5.8% JP Morgan 1,020-9% 6.5% = Credit Suisse 1,116-7% 5.5% Goldman Sachs & Co 905-6% 5.8% = Bank of America Merrill Lynch % 4.4% Citi 774 1% 5.0% Barclays % 4.3% Credit Suisse % 4.5% = Deutsche Bank % 3.6% Deutsche Bank % 4.4% Lazard 736 1% 3.6% UBS 669 4% 4.3% = Citi % 3.3% Barclays 572-2% 3.7% UBS % 2.9% RBC Capital Markets % 2.9% = Rothschild % 2.9% Wells Fargo & Co % 2.2% RBC Capital Markets % 2.4% Nomura 311 7% 2.0% Jefferies & Co Inc % 2.1% CITIC % 1.2% Evercore Partners % 1.9% HSBC Holdings PLC % 1.2% Nomura % 1.5% BMO Capital Markets 176 1% 1.1% BMO Capital Markets % 1.5% Jefferies & Co Inc 171-3% 1.1% Moelis & Co % 1.5% Raymond James Financial Inc % 1.0% = Houlihan Lokey % 1.5% Guosen Securities Co Ltd % 1.0% Macquarie Group % 1.3% Macquarie Group % 1.0% Wells Fargo & Co % 1.0% Sumitomo Mitsui Finl Grp Inc % 1.0% 0.5 M&A Total $ 20,455-12% Equity Total $ 15,604-17% Global Bonds: Top Banks - Full Year 2012 (US$m) Global Loans: Top Banks - Full Year 2012 (US$m) Rank Fees Share Client Mix by Region Rank Fees Share Client Mix by Region 2012 YOY Bank Name 2012 YOY 2012 YOY Americas EMEA Asia-Pacific Japan 2012 YOY Bank Name 2012 YOY 2012 YOY Americas EMEA Asia-Pacific Japan 1 - = JP Morgan $ 1,950 34% 8.7% JP Morgan $ 1,374-11% 8.5% = Bank of America Merrill Lynch 1,653 20% 7.3% Bank of America Merrill Lynch 1,272-21% 7.9% Citi 1,503 44% 6.7% Citi 771-5% 4.8% Deutsche Bank 1,317 15% 5.8% Wells Fargo & Co % 4.4% Morgan Stanley 1,258 35% 5.6% = Barclays 673 8% 4.2% Barclays 1,202 25% 5.3% = Credit Suisse 673 8% 4.2% Goldman Sachs & Co 1,163 32% 5.2% Deutsche Bank % 3.8% Credit Suisse 1,061 16% 4.7% Mitsubishi UFJ Financial Group % 3.6% Wells Fargo & Co % 3.7% Mizuho Financial Group % 3.2% HSBC Holdings PLC % 3.5% RBC Capital Markets % 2.8% UBS % 3.4% Goldman Sachs & Co % 2.7% RBS % 2.9% Sumitomo Mitsui Finl Grp Inc 423-5% 2.6% = RBC Capital Markets % 2.8% Morgan Stanley 401-3% 2.5% BNP Paribas SA 507-4% 2.3% RBS % 2.3% = Mizuho Financial Group 315 9% 1.4% General Electric Co % 1.9% Credit Agricole CIB % 1.2% BNP Paribas SA % 1.8% = Nomura % 1.1% HSBC Holdings PLC % 1.8% TD Securities Inc 233 6% 1.0% UBS % 1.6% Scotiabank % 1.0% BMO Capital Markets % 1.5% Societe Generale % 0.9% SunTrust Banks 233 9% 1.4% 0.2 Bonds Total $ 22,514 25% Loans Total $ 16,184-8% Source: Thomson Reuters Deals Business Intelligence

10 Global Investment Banking: Top Banks by Region (US$m) Americas Investment Banking: Top Banks - Full Year 2012 (US$m) EMEA Investment Banking: Top Banks - Full Year 2012 (US$m) Rank Fees Share Product Mix Rank Fees Share Product Mix 2012 YOY Bank Name 2012 YOY 2012 YOY Bonds Equity Loans M&A 2012 YOY Bank Name 2012 YOY 2012 YOY Bonds Equity Loans M&A 1 - = JP Morgan $ 4,024-1% 9.4% JP Morgan $ 1,111-11% 6.1% = Bank of America Merrill Lynch 3,848-5% 9.0% Deutsche Bank 1,082-17% 5.9% Goldman Sachs & Co 2,843 16% 6.6% = Goldman Sachs & Co % 4.7% Citi 2,649 14% 6.2% Barclays 816 2% 4.5% Morgan Stanley 2,604-3% 6.1% = BNP Paribas SA % 3.9% = Credit Suisse 2,400 8% 5.6% Credit Suisse % 3.9% = Barclays 2,339 19% 5.5% Bank of America Merrill Lynch 688-8% 3.8% Wells Fargo & Co 1,996 22% 4.7% Citi 685-5% 3.8% Deutsche Bank 1,883 14% 4.4% Morgan Stanley % 3.7% = RBC Capital Markets 1,699 39% 4.0% UBS 644-6% 3.5% = UBS 1,146-1% 2.7% HSBC Holdings PLC 643-7% 3.5% BMO Capital Markets % 2.0% RBS % 2.7% Jefferies & Co Inc 808-1% 1.9% Societe Generale % 2.5% = RBS 576 8% 1.3% Rothschild % 2.1% = Scotiabank 531 2% 1.2% UniCredit 382-9% 2.1% TD Securities Inc % 1.2% Credit Agricole CIB % 1.8% Lazard 473 9% 1.1% RBC Capital Markets % 1.5% CIBC World Markets Inc % 1.0% Nomura % 1.4% SunTrust Banks % 0.9% = Lazard 251-7% 1.4% HSBC Holdings PLC 375 3% 0.9% ING % 1.2% -0.5 Americas Total $ 42,909 5% EMEA Total $ 18,200-16% Asia-Pacific Investment Banking: Top Banks - Full Year 2012 (US$m) Japan Investment Banking: Top Banks - Full Year 2012 (US$m) Rank Fees Share Product Mix Rank Fees Share Product Mix 2012 YOY Bank Name 2012 YOY 2012 YOY Bonds Equity Loans M&A 2012 YOY Bank Name 2012 YOY 2012 YOY Bonds Equity Loans M&A 1 - = UBS $ % 4.6% = Mizuho Financial Group $ % 18.5% Credit Suisse 423-1% 4.5% Sumitomo Mitsui Finl Grp Inc % 14.2% HSBC Holdings PLC % 3.8% Nomura 526 1% 12.6% = JP Morgan 348 5% 3.7% Morgan Stanley % 9.4% Goldman Sachs & Co % 3.7% Mitsubishi UFJ Financial Group % 7.3% Deutsche Bank 322 0% 3.4% Daiwa Securities Group Inc % 7.1% CITIC % 3.2% Goldman Sachs & Co % 3.5% Citi 285 3% 3.0% Bank of America Merrill Lynch % 2.9% Morgan Stanley % 2.5% JP Morgan % 2.7% Bank of America Merrill Lynch % 2.1% Citi % 2.5% Macquarie Group % 2.0% Deutsche Bank 67-22% 1.6% Bank of China Ltd 184 0% 1.9% UBS 60 8% 1.4% Standard Chartered PLC % 1.7% Barclays % 1.2% Guosen Securities Co Ltd % 1.7% Sumitomo Mitsui Trust Holdings 40 47% 1.0% ANZ Banking Group 153 6% 1.6% Development Bank of Japan Inc % 0.9% China International Capital Co % 1.6% GCA Savvian Group Corp 31 43% 0.7% National Australia Bank 123 7% 1.3% Credit Suisse 23 10% 0.6% CIMB Group Sdn Bhd 118 6% 1.2% Tokai Tokyo Financial Holdings 23 83% 0.5% State Bank of India % 1.2% Deloitte % 0.5% Barclays % 1.2% BNP Paribas SA 19 8% 0.5% 0.0 Asia-Pacific Total $ 9,467-18% Japan Total $ 4,181 18% Source: Thomson Reuters Deals Business Intelligence

11 Thomson Reuters Solutions for the Deal Making Community FOR INVESTMENT BANKERS ThomsonONE.com Investment Banking is our flagship desktop solution that combines real-time market data and Reuters news with our world class reference data. It includes access to Recent Deals, Active Acquirers and M&A New Issues terms and conditions. SOLUTION FOR Managing Client Relationships Deal Origination New Issues Pre-Marketing / Roadshows FOR JUNIOR BANKERS Thomson Reuters Advanced Analytics for deal making improves efficiency at every step, from screening and targeting, to comparables analysis, building league tables, valuing a company and developing a client pitch book. This set of analytical and presentation tools enables you to undertake all these key tasks without having to leave Microsoft Office. You can also access our key content sets easily to support your analysis. SOLUTION FOR Financial Modeling Customized League Tables Simple Deals screening Valuation analysis and comparable deal screening Full integration into Microsoft Office for on-brand pitch book FOR INFORMATION PROFESSIONALS, MARKET DATA, RESEARCH SDC Platinum is the world s foremost financial transactions database, covering new issues, M&A, syndicated loans, private equity, project finance, poison pills, and more. FOR STRATEGY AND PLANNING TEAMS Thomson Reuters Deals Business Intelligence enables you to slice and dice our renowned Deals and Fees data to create ad hoc reports, analyze market trends, benchmark your performance and identify opportunities all within a tool built into your workflow in Excel, saving you valuable time and giving you a competitive edge. SOLUTION FOR Market Analysis & Trends (Geography, Sector, Asset Class, Deal Type, Deal Size, etc.) Deal Origination (Debt Maturity Analysis, Company Lifecycle including Private Equity) Pitch Creation (Firm Credentials, Representative Acquirors) M&A Targeting (Active Strategic/Sponsor Acquirors, Target Company Screener) Negotiation (T&C Benchmarking) SOLUTION FOR Conducting market analysis and identifying trends Benchmarking your performance and monitoring competitors Targeting clients by wallet size and banking relationship Allocating resources more effectively by evaluating and analyzing lost deals Send us a sales enquiry at: financial.thomsonreuters.com/sales Read more about our products at: financial.thomsonreuters.com/products To purchase individual Thomson Reuters Deals or League Table reports, please contact our Thomson Reuters On Demand group: Web: Access unique analysis for free anytime using Thomson Reuters Deals Intelligence website and receive regular updates, delivered direct to your inbox. Go to online.thomsonreuters.com/dealsintelligence Copyright 2012 Thomson Reuters. All rights reserved

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