INNOVATIVE CUSTOMISED SOLUTIONS. Global Securities Lending

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1 INNOVATIVE CUSTOMISED SOLUTIONS Global Securiies Lending

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3 PrOVIDINg You Wih Innovaive Soluions Wih Norhern Trus you ge proven performance, unrivalled clien focus and excepional capial srengh. These qualiies, wih our indusry leadership and experise, allow us o provide you wih innovaive soluions o help mee your securiies lending needs.

4 Proven Performance, Managed risk, Commied Professionals Every day, Norhern Trus helps insiuions around he globe opimise he reurn on heir loaned securiies by delivering performance and ousanding risk managemen wihin heir cusomised parameers. As one of he firs banks o lend securiies, you can be assured of our deep undersanding of he indusry and abiliy o shape innovaive soluions for cliens. Key componens of our approach include: 1. Core Business Norhern Trus is fully commied o he securiies lending business We capialise on our asse servicing and asse managemen srenghs We have a sable and experienced eam dedicaed o securiies lending 2. ExCEPTIONAL CAPITAL Srengh Norhern Trus has a susained hisory of financial srengh and sabiliy Sophisicaed invesors recognise he imporance of working wih a sable and disciplined agen Discerning invesors recognise ha indemnificaion is only as srong as he provider UNRIVALLED CLIENT FOCUS CORE BUSINESS 5 1 NORTHERN TRUST GLOBAL SECURITIES LENDING 4 PROVEN EXCEPTIONAL CAPITAL STRENGTH 3. Unique Global Inegraion We provide marke experise hrough a single, global eam of enured securiies lending professionals Technology efficiency is achieved hrough a single proprieary global rading plaform Our compeiive advanage is gained hrough our disincive global infrasrucure 2 3 PERFORMANCE RESULTS GLOBAL INTEGRATION UNIQUE exracing value, conrolling risk Securiies lending offers insiuional invesors an opporuniy o achieve incremenal reurns in a conrolled manner, while promoing greaer efficiency in global capial markes. Achieve incremenal reurns Securiies lending allows you o capialise on dynamic borrower demand for he inrinsic value of your porfolio holdings. Manage risk acively hrough all marke environmens Securiies lending involves he accepance of various risks, hough he degree of risk may be cusomised and calibraed by he invesor o mee heir specific objecives. Promoe efficien rading and provide liquidiy o financial markes Securiies lending is a global marke pracice ha provides liquidiy and promoes opimal price discovery and rading efficiency and, as such, is a hallmark of developed financial markes. 2 of 8 Global Securiies Lending norhernrus.com

5 4. PrOVEN Performance Resuls We have a 30-year rack record of using innovaive securiies lending soluions ha are suppored by srong risk managemen policies and procedures Our securiies lending rading professionals seek o opimise he inrinsic value of clien asses We consisenly exceed indusry benchmarks in he majoriy of asse classes and markes we lend in 5. UnrivalLed Clien Focus Our dedicaed relaionship saff demonsraes Norhern Trus s culure of excepional clien service We anicipae he needs of our securiies lending cliens and proacively cusomise soluions designed o mee hose needs Our focus is on delivering resuls and mainaining lasing relaionships wih our cliens ake advanage of revenue generaing opporuniies As par of a long-erm invesmen sraegy, securiies lending can allow you o capialise on dynamic borrower demand for he inrinsic value of your porfolio holdings. We would be pleased o review securiies lending opporuniies and evaluae a programme ha fis your risk and reurn objecives. Capialise on dynamic marke evens and shifs in borrower demand resuling from: Mergers and acquisiion aciviy Yield enhancemen rading Trade sraegy implemenaion such as exchange raded funds, long/shor and emerging markes Changes in ineres raes Acively conrol, cusomise and monior your risk profile by: Selecing appropriae collaeral guidelines and opions Esablishing limis (loan caps) and resricions (accoun, borrower) Using powerful ools and resources o maximise ransparency (web-based reporing) Exploring alernaive lending soluions (hird-pary lending, exclusives/aucions) and flexible fee arrangemens norhernrus.com Global Securiies Lending 3 of 8

6 Providing you wih soluions designed o minimise risk and maximise reurns A Norhern Trus, you will be working wih a sable and experienced eam dedicaed o meeing he needs of our securiies lending cliens. Our objecive is o anicipae your needs and proacively sugges soluions o help you achieve your goals. We offer you: Global Inegraion and Coverage A globally inegraed securiies lending infrasrucure 24-hour access o all major equiy and fixed income markes Ongoing new marke developmen o bring you fresh opporuniies Borrower Cusomisaion Norhern Trus coninually moniors borrowers financial viabiliy and deals only wih highly raed, globally diverse firms Sringen risk managemen process includes formal independen credi oversigh reviews of every borrower and esablishes clear counerpary exposure limis on each You may resric borrowers or esablish limis by borrower Flexible Collaeral Choices Range of opions available o mach your risk and reward objecives Pooled opions available for collaeral diversificaion and liquidiy Cusom accoun and noncash opions available for furher ailoring of your invesmen guidelines Global Technology Plaform Single 24-hour plaform helps ensure your available securiies are swifly mached wih borrower demand Well-regarded echnology makes Norhern Trus an aracive parner wih borrowers, creaing more opporuniies for you o lend Use of plaforms such as Loane, EquiLend and Norhern Trus s proprieary sysem, Auoborrow, helps us focus on opimising he inrinsic value of your asses Leading Edge Reporing Specialised reporing provides you wih a real-ime overview of all areas of your programme Comprehensive library of securiies lending repors and cusomised reporing opions available Dedicaed Risk Oversigh Complee programme oversigh by a dedicaed independen risk managemen eam in andem wih day-o-day risk supervision of our invesmen programme Enerprise-wide risk managemen ensures consisency of approach 4 of 8 Global Securiies Lending norhernrus.com

7 efficien lending process Our global securiies lending programme is an indusry leader in size, scale and innovaion; we lend in all major equiy and fixed income markes worldwide and coninue o expand ino developing markes. The securiies lending process wih Norhern Trus is underpinned by srong risk managemen, flexible collaeral opions ha balance your risk and reurn objecives, and a focus on working only wih op-ier borrowers. The processes we follow during he lifecycle of a loan are shown below: LENDER SECURITY AVAILABILITY LOAN COMMUNICATIONS NORTHERN TRUST 1. Iniiae Loan 2. Negoiae Terms 3. Receive Collaeral 4. Move Securiy 5. Daily Mark o Marke BORROWER COLLATERAL (CASH AND NONCASH) COLLATERAL ACCOUNT 6. Reurn Securiy 7. Reurn Collaeral CASH COLLATERAL (IF TAKEN) REINVESTMENT MANAGER PrOVIDINg Professional Leadership Norhern Trus securiies lending professionals acively paricipae in global indusry bodies: n Asia Pan-Asia Securiies Lending Associaion (PASLA) n Europe Inernaional Securiies Lending Associaion (ISLA) n Unied Saes Risk Managemen Associaion (RMA) n Unied Kingdom Bank of England Securiies Lending and Repo Commiee n Canada Canadian Securiies Lending Associaion (CASLA) n Ausralia Ausralian Securiies Lending Associaion (ASLA) norhernrus.com Global Securiies Lending 5 of 8

8 giving you he ools and informaion you need o achieve your goals Norhern Trus s Securiies Lending Reporing Dashboard allows cliens o acively monior and conrol heir securiies lending programmes. Securiies Lending Block The Securiies Lending Block on Norhern Trus Passpor provides easy access o your programme informaion. Loans Tab Under he Loans ab on Passpor, you will find he Securiies Loaned Deail Repor, All Borrower Collaeralisaion and a Hisorical Loan Repor, as well as various views and graphs. 6 of 8 Global Securiies Lending norhernrus.com

9 Earnings Tab Under he Earnings ab, you will find boh a Deail and Clien Earnings repor, all cusomisable by differen views and caegories. Collaeral Tab Under he Collaeral ab, you can find vial informaion on your collaeral, including holdings, issuers and reinvesmen characerisics. norhernrus.com Global Securiies Lending 7 of 8

10 for more Informaion Europe, Middle Eas, Africa, Asia-Pacific Sunil Daswani Head of Clien Relaions +44 (0) Asia-Pacific Bradley Blackwell Senior Sales & Relaionship Manager Norh America George Trapp Head of Clien Relaions, Norh America of 8 Global Securiies Lending norhernrus.com

11 norhern rust locaions Abu Dhabi Amserdam Bangalore Beijing Chicago Dublin Guernsey Hong Kong Jersey Limerick London Luxembourg Melbourne New York Singapore Sockholm Tokyo Torono LEGAL, INVESTMENT AND TAX NOTICE: This informaion is no inended o be and should no be reaed as legal, invesmen or ax advice. Cliens should under no circumsances rely on his informaion as a subsiue for obaining specific legal or ax advice from heir own advisors. Norhern Trus Corporae, Head Office: 50 Souh La Salle Sree, Chicago, Illinois U.S.A., incorporaed wih limied liabiliy in he Unied Saes. Pas performance is no guaranee of fuure resuls. Index performance reurns do no reflec any managemen fees, ransacion coss or expenses. I is no possible o inves direcly in any index. There are risks involved in invesing, including he possible loss of principal. There is no guaranee ha he invesmen objecives of any fund or sraegy will be me. Risk conrols and models do no promise any level of performance or guaranee agains loss of principal. This maerial is direced o eligible counerparies and professional cliens only and should no be relied on by reail invesors. The informaion in his repor has been obained from sources believed o be reliable, bu is accuracy, compleeness and inerpreaion are no guaraneed. Any person relying on his informaion shall be solely responsible for he consequences of such reliance. Opinions expressed are curren as of he dae appearing in his maerial only and are subjec o change wihou noice. This repor is provided for informaional purposes only and does no consiue invesmen advice or a recommendaion of any securiy or produc described herein. Indexes and rademarks are he propery of heir respecive owners. All righs reserved.

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