INVESTMENT BANKING SCORECARD

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1 Volume ($b) DEALS INTELLIGENCE I DECEMBER 12, 201 INVESTMENT BANKING SCORECARD Investment Banking Volume by Asset Class Equity Capital Markets by Issue Type $1,00 Loans Debt 201ytd $1, ytd $1,000 $0 $100 $200 $00 $00 $500 $600 $700 $800 Volume ($b) $800 $600 Debt Capital Markets by Issue Type 201ytd FollowOn IPO Convertible $ ytd $200 $0 $1,000 $2,000 $,000 $,000 $5,000 $6,000 $7,000 Volume ($b) $0 N D J1 F M A M J J A S O N D Investment Grade Corporate Agency, Supranational, Sovereign Federal Credit Agency MBS High Yield Corporate ABS Emerging Market Corporate Weekly Headlines Best Year for US IPO Listing s since 2000 Consumer Staples Falls 0% Canadian Acquisitions of US Companies Up 8% This week's $2. billion IPO for Hilton Holdings, which ranks as the third largest US listing this year after Plains GP Holdings ($2.9 billion) and Zoetis ($2.6 billion), pushed the dollar volume of US listed IPOs to $57.8 billion, a 8% increase compared to a year ago and the strongest year for US IPOs, by dollars, since Energy & power, healthcare, technology and real estate offerings account for 55% of overall activity so far this year, down from a combined 7% during yeartodate Bank of America Merrill Lynch leads the ranking of US listed IPO bookrunners with 12.5% market share, a 2.7 point increase compared to last year at this time. Credit Suisse, the top US IPO bookrunner at this time last year has fallen to eighth place, a decline of.5 market share points from Sysco Corp's $8.2 billion bid for US Foods Inc brings the volume of worldwide deal making in the consumer staples sector to $10. billion, a 0% decline compared to this time last year and the slowest period for in the sectors in two years. Food and beverage accounts for nearly twothirds of activity in the consumer staples space this year and has decline 1% compared to a year ago. Deal making in the household and personal products space has nearly doubled compared to yeartodate 2012 and accounts for 10% of activity this year. Consumer Staples activity in the, and Netherlands accounts for 60% of the overall tally, up from 50% last year at this time. JP Morgan, Lazard and Bank of America Merrill Lynch lead the advisory league tables in the sector this year. Newfoundlandbased electric and natural gas utility Fortis Inc's $. billion purchase of Arizona's UNS Energy Corp takes the volume of Canadian acquisitions of US companies to $1.1 billion for yeartodate 201, an 8% increase compared to a year ago and the strongest yeartodate period for activity since 2007 ($58.2 billion). Overall outbound crossborder totals $8. billion this year, a decline of 1% compared to last year. US targets account for 6% of all outbound purchases by Canadian companies, bolstered by the activity in the retail, energy & power and real estate sectors. RBC Capital Markets, Credit Suisse and Deutsche Bank lead the yeartodate advisory rankings for 's outbound purchases in the this year. 1

2 DEALS INTELLIGENCE I DECEMBER 12, 201 LEAGUE TABLES Global Announced Mergers and Acquisitions (AD1) Global Equity and Equityrelated (C1) YeartoDate YeartoDate Volume Proceeds Advisor US$m Rank Share Deals Rank Share Mkt. Share Bookrunner US$m Rank Share Deals Rank Share Mkt. Share Goldman Sachs & Co 601, (2.6) Goldman Sachs & Co 87, JP Morgan 52, JP Morgan 6, Morgan Stanley 516, Morgan Stanley 58, (0.6) Bank of America Merrill Lynch 50, Bank of America Merrill Lynch 5, (0.2) 9, (.6) Citi 9, (1.7) UBS 29, Deutsche Bank 6, (0.1) Citi 25, (5.2) UBS 5, Deutsche Bank 22, (5.0) Credit Suisse 8, (0.8) Credit Suisse 207, (6.9) 5, (0.) Lazard 177, Nomura 15, Industry Total 2,256, , Top Ten Total 97, Industry Total 760, ,16 10 Global Debt (B1) Global Syndicated Loans (R1) YeartoDate YeartoDate Proceeds Proceeds Mkt. Bookrunner US$m Rank Share Deals Rank Share Mkt. Share Bookrunner US$m Rank Share Deals Rank Share JP Morgan 1, , (0.5) JP Morgan 6, , Deutsche Bank 72, , (0.1) Bank of America Merrill Lynch 0, , Citi, , ,196 1, (0.) 0.1 Citi Wells Fargo & Co 199, , Bank of America Merrill Lynch 295, , Mitsubishi UFJ Financial Group 1, Morgan Stanley 28, , , Goldman Sachs & Co 279, Deutsche Bank 119, HSBC Holdings PLC 20, , Mizuho Financial Group 117, Credit Suisse 210, (0.1) RBC Capital Markets 87, BNP Paribas SA 200, BNP Paribas SA 85, Top Ten Total 2,966, Top Ten Total 1,75, Industry Total 5,2, ,5 10 Industry Total,21, , Source: Thomson Reuters LPC Chg. in Mkt. Share (0.7) (0.)

3 DEALS INTELLIGENCE I DECEMBER 12, 201 REGIONAL DEALS MATRIX ALL CROSSBORDER (by Target Nation) STRATEGIC PRIVATE EQUITY Target Region/Nation Deals Deals Deals Deals 2,256.2,912 % ,222 19% 1, ,18 5% 2.6,9 15% Americas 1, ,02 % ,1 1% ,171 0% ,871 21% ,17 12% ,179 2% ,588 10% ,585 2% Brazil % % % % Middle East % % % 65% % 5% % 77% United Kingdom Germany Italy ,18 1,967 1, % % 7% 10% 7% , % 8% 71% 62% 59% ,692 1, % 5% % 25% 5% , % 1% 58% 102% % 2.9 1,18 2% % % % Asia (ex. ) Australia ,661 8,50 1,195 52% 9% 16% , % 10% 19% ,618 7,928 1,105 52% 11% 15% % 15% 26% , % 2% % 6% , % 28% % 50% 7.5 1,97 8% % ,72 2% % ,187 7% 77. 1,29 21% ,788 6% % ALL DEBT CAPITAL MARKETS SECURITIZATIONS INVESTMENT GRADE CORPORATE DEBT HIGH YIELD CORPORATE DEBT Issuer Region/Nation Issues Issues Issues Issues 5,2.1 1,5 2% ,599 5% 2, ,92 2% % Americas 2,19.9 6,099 % ,126 11% ,097 12% % 1,88.7 5,17 6% % % % Brazil % % % 1.2 0%. 11 1% 0 Middle East % % % 2,06.0,688 % % ,90 12% % United Kingdom % % % % Germany % % % % Italy % % % % % % % % % % % Asia (ex. ) 759.,8 1% % ,25 6% % Australia % % %.0 10 % 0. 1,70 % ,28 6% % % 0.2 5% % 25. 1,00 7% % % 9, ,16 1%.0 1 9% 1.6 2,00 17% %

4 DEALS INTELLIGENCE I DECEMBER 12, 201 REGIONAL DEALS MATRIX ALL EQUITY CAPITAL MARKETS IPOs FOLLOWONS CONVERTIBLES Issuer Region/Nation Issues Issues 760.2,16 2% % 5 Americas 17. 1,276 11% % ,000 9% % Brazil % % Middle East %.0 16 % %. 1 12% United Kingdom % % 5.7 Germany % % 18.1 Italy % 1. 8% % % % % Asia (ex. ) ,71 2% % 10.1 Australia % % % % % % % % % % 60. Issues Issues,006 16% % 902 5% % 690 5% % 16 25% % % % 2 18% % 5 8% 8 72% 22 5% % 19 16% % 17% % 11 9% ,287 5% % 99 1% % % % 97 28% 1 95% % % 6 9% % LOAN ALL SYNDICATED LOANS Borrower Region/Nation Issues, ,110 22% Americas 2,26.2,002 1% 2,08.,616 6% Brazil % % Middle East % ,091 16% United Kingdom % Germany % Italy % % % % Asia (ex. ) ,228 21% Australia % % ,700 12% % Source: Thomson Reuters LPC LEVERAGED LOANS Issues 1,06.0,051 51% 1,12.5 2,59 55% 1, ,56 58% % % % 8 70% % % % % 7% % 10 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 12, 201 INDUSTRY ANALYSIS AND TOP DEALS 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 Syndicated Loans Deals Deals Deals Deals 70.1, 5% % % % 8.6 2,65 2% % % ,19 12% 208.,59 27% % 2,52 7,1 9% % ,09 9% % % % 16.7,0 8% % % % 207.2,85 2% % % 1,55 17% 156.,77 % % % % ,51 17% % % % ,627 8% % % % ,688 9% % % % 10. 2,175 0% % % % % % % % 1, ,775 1% % Top Deals Last Seven Days Ann. Date 12/9/1 12/9/1 12/11/1 Target Name US Foods Inc BRE Properties Inc UNS Energy Corp Target Nation Deal Value ($mil) 8,185.0 Acquiror Name Sysco Corp 6,7.0 Essex Property Trust Inc,269.1 Fortis Inc Acquiror Nation Issue Date Issuer Name 12/10/1 Muskrat Falls/LTAFT 12/9/1 Sprint Corp 12/11/1 Railway Constr Corp Ltd 2, ,50 2,70.7 Issue Type Investment Grade Corporate High Yield Corporate Investment Grade Corporate LOAN Issue Date Issuer Name 12/11/1 Hilton Holdings Inc 2, /11/1 Fortis Inc 1, /10/1 Power Grid Corp of Ltd 1,11. Close Date Issuer Name 12/8/1 Shuanghui Intl Hldg Ltd,00 12/11/1 Mitsubishi Corp /11/1 Ajinomoto Co Inc Issue Type IPO Convertible FollowOn 5