GLOBAL M&A MARKET REVIEW FINANCIAL RANKINGS



Similar documents
GLOBAL M&A MARKET REVIEW

Global and regional M&A: First half 2015 Including league tables of financial advisors

MERGERS & ACQUISITIONS REVIEW FINANCIAL ADVISORS. REUTERS / Lucas Jackson

DISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW

press release mergermarket Preliminary Global M&A Round-up for Year End December 2009, for immediate release Contact:s :

Reuters/Edgar Su GLOBAL INVESTMENT BANKING REVIEW

Reuters/Danish Ismail GLOBAL INVESTMENT BANKING REVIEW

Employment Report 2014

BROWN BROTHERS HARRIMAN (LUXEMBOURG) S.C.A. Wells Fargo (Lux) Worldwide Fund

MERGERS & ACQUISITIONS REVIEW FINANCIAL ADVISORS. REUTERS / Carlo Allegri

How To Sell Yellow Corn Grade Human Harvest

DECEMBER th 2014 (This document loses its validity on DECEMBER, 2014). COMMODITY GMO SOYA BEANS GRADE # 2

CANADA CAPITAL MARKETS REVIEW MANAGING UNDERWRITERS. REUTERS / Mark Blinch

GLOBAL EQUITY CAPITAL MARKETS REVIEW MANAGING UNDERWRITERS. Reuters / Luke MacGregor

The list of licensed financial institutions

Meteor Asset Management

DECEMBER TH 2014 (This document loses its validity on DECEMBER, 2014). SUGAR IC 45 BRAZIL

Equity lending survey 2010

SMBC in Infrastructure Finance

Why Credit Suisse? Private Banking & Wealth Management 3Q2014

Top 100 Rated Banks: S&P Capital Ratios And Rating Implications

IOOF QuantPlus. International Equities Portfolio NZD. Quarterly update

Global Top 100 Companies by market capitalisation

Analyzing Risk in an Investment Portfolio

REUTERS / Carlo Allegri GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS

COOPERATION GUIDANCE BETWEEN RECOGNISED BODIES AND INSOLVENCY PRACTITIONERS TO ASSIST MANAGEMENT OF MEMBER DEFAULTS BY RECOGNISED BODIES

Understanding Brokerage Ratings Systems

Masters in Finance Employment Report 2011 Access one of the world s most diverse pools of finance talent

Department of Finance. First Major Selection BSc in Quantitative Finance 2015/2016

THE FOREIGN EXCHANGE JOINT STANDING COMMITTEE Threadneedle Street London EC2R 8AH

Actiance, Inc. Regional Sales Manager Social Media & Compliance Specialist. Allen & Overy LLP Associate

Our journey to a single global brand. Dr. Manfred Stuettgen, Global Head of Branding Lugano, March 11, 2011

Operational risk capital: Nowhere to hide

2015 H1 European Cash Equity and ETF Broker Rankings. Calculated by Markit MSA

Managing private wealth and the offshore financial centre

Order Execution Policy

Market Shares by Stock Exchange Turnover

Its context and value in volatile markets. Lynn Mathews CLS Services

Debt Issuance Programs

ishares MSCI Europe Financials ETF (EUFN) Summary Description Historical prices (1 year) DIAMONDS* RATINGS* ETFG RISK RATING 3.99

DJSI 2015 Review Results. September 2015

Standard & Poor's Applies Its Revised Bank Criteria To 37 Of The Largest Rated Banks And Certain Subsidiaries 29-Nov-11

The Acquisition of BrokerTec

45 th IAFEI World Congress

Annual Report 31 August SSGA Funds Money Market Funds SSGA Money Market Fund SSGA U.S. Government Money Market Fund

Global Top 100 Companies by market capitalisation

LIBOR EXPLAINED. Understanding the LIBOR Scandal

Dow Jones Sustainability Indexes. A cooperation of Dow Jones Indexes and SAM

CLUB SURVEY 2015 BANKING ARGENTINA

DEBT CAPITAL MARKETS REVIEW MANAGING UNDERWRITERS. REUTERS / Mike Segar

Equity Derivatives and Structured Retail: Success Through Innovation. November 2010

Bank of America Senior Vice President, Digital Marketing Senior Vice President, Electronic Communications & Social Media Compliance Vice President

Global telecom tower industry

Great deal better Corporate Finance February 2013

Recent Developments of Shipping Finance. Arnold Wu Co-Head of Transportation Sector Investment Banking Asia-Pacific BNP Paribas

JPMorgan Funds statistics report: High Yield Fund

Standard Settlement Instructions

Asset Management Competitor Tracker, Q3 2009

TD Securities Deal Sheet January - November 2014

DEBT CAPITAL MARKETS REVIEW MANAGING UNDERWRITERS. REUTERS / Carlo Allegri

Developing by Public Private Partnership (PPP): Meeting infrastructure needs successfully.

FY Feb-2016 Fidelity Management & Research Ltd, USA 25-Feb-2016 EastSprings 29-Feb-2016 Artisan Partners

U.S. Insurance M&A Review Stable M&A Environment Focused on Middle-Market Activity

ETFs at SIX Swiss Exchange. Lugano, 23 November 2015

SGX Fuel Oil 380cst Futures

Fact Sheet. Dow Jones Sustainability TM World Enlarged Index ex Alcohol, Tobacco, Gambling, Armaments & Firearms and Adult Entertainment

Sunrise Brokers voted overall number one equity products broker of the year by Risk for the sixth consecutive year REPRINTED FROM

MBA Talents EMERGING GLOBAL LEADERS. Asian Focus Global Impact

grow together with Oslo Børs Stockholm, 16 October 2012 Bente A Landsnes

Bancassurance Models. Around the World

ANALYTICAL SERVICES. November 2007

Markit iboxx Bond Indices


Credit Suisse Asset Management Limited UK Order Execution Policy December 2013

Structured products exchanges generate turnover of EUR 3.3 billion in August

ISDA International Swaps and Derivatives Association, Inc.

INVESTMENT BANKING AND CAPITAL MARKETS THE BOSTON CONSULTING GROUP

GLOBAL DATA CENTER INVESTMENT 2013

Order Execution Policy - Citco Bank Nederland N.V.

LSE Careers Graduate open evening 2013

Foreign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund

Frequently Asked Questions about Euribor

Listado de empresas vinculadas directa o indirectamente con las ilegítimas actividades de exploración y explotación petrolera en el Atlántico Sur

European Overview Deal Volume and Value. European IPO transactions Q1 2014

Code Deposit-taking corporations except the national central bank (i.e. credit institutions and electronic money institutions)

Investment Type Security Name Legal Maturity Date Coupon/Discount Rate Par Value Original Cost

Human resources benchmark for insurance Overview

At A Glance CAPITAL MARKETS

Transcription:

GLOBAL M&A MARKET REVIEW FINANCIAL INGS 1st 3Q 2015

1st 3Q 2015 GLOBAL M&A FINANCIAL ADVISORY INGS CONTENTS 1. Introduction 2. Global M&A Heat Map 3. Global M&A Regional Review 4. Global M&A League Tables 5. Americas M&A Regional Review 6. Americas M&A League Tables 8. EMEA M&A Regional Review 9. EMEA M&A League Tables 12. APAC M&A Regional Review 13. APAC M&A League Tables 16. Disclaimer The Bloomberg M&A Advisory League Tables are the definitive publication of M&A advisory rankings. The tables represent the top financial and legal advisors across a broad array of deal types, regions, and industry sectors. The rankings data is comprised of mergers, acquisitions, divestitures, spin-offs, debt-for-equityswaps, joint ventures, private placements of common equity and convertible securities, and the cash injection component of recapitalization according to Bloomberg standards. Bloomberg M&A delivers real-time coverage of the M&A market from nine countries around the world. We provide a global perspective and local insight into unique deal structures in various markets through a network of over 800 financial and legal advisory firms, ensuring an accurate reflection of key market trends. Our quarterly league table rankings are a leading benchmark for legal and financial advisory performance, and our Bloomberg Brief newsletter provides summary highlights of weekly M&A activity and top deal trends. Visit {NI LEAG CRL <GO>} to download copies of the final release and a full range of market specific league table results. On the web, visit: http://www.bloomberg.com/professional/solutions/investment-banking/. Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service. DATA SUBMISSIONS AND QUERIES Contact Phone Email North America Rachel Campanelli +1-646-324-4657 rcampanelli3@bloomberg.net EMEA Madeeha Ahmad +44-20-3525-3754 mchaudhry13@bloomberg.net Asia Pacific Parker Leung +852-2977-6108 pleung50@bloomberg.net General M&A queries may be submitted to: m-a@bloomberg.net, malondon@bloomberg.net, maasia@bloomberg.net 2015 Bloomberg Finance L.P. All rights reserved.

Global M&A Heat Map North America USD 1.9T 1. JP Morgan Chase & Co 29.5% 2. Goldman Sachs & Co 28.6% 3. Morgan Stanley 28.5% Scale in USD Bln. 0-57 58-95 96-190 191-380 381-570 571-950 951-1,425 1,426-1,710 1,711-1,900 1,901 - Western Europe USD 776.2B 1. Goldman Sachs & Co 33.2% 2. Morgan Stanley 31.9% 3. JP Morgan Chase & Co 30.8% Latin America & Caribbean USD 94.7B 1. Rothschild Ltd 17.0% 2. Bank of America Merrill Lynch 15.2% 3. Goldman Sachs & Co 15.1% Middle East & Africa USD 118.0B 1. JP Morgan Chase & Co 45.9% 2. Barclays PLC 39.7% 3. Greenhill & Co 34.3% Eastern Europe USD 47.2B 1. VTB Capital 21.4% 2. JP Morgan Chase & Co 20.8% 3. Lazard Ltd 12.8% Asia Pacific USD 947.6B 1. Goldman Sachs & Co 16.7% 2. Morgan Stanley 16.3% 3. Bank of America Merrill Lynch 13.1% Global M&A Review 1st 3Q2015 Deal volume and adviser market share for any regional involvement (target, seller, or acquirer) for 1st 3Q2015. 2

Global M&A Regional Review Global deal volume is on target to reach a record high this year, showing a similar trend to deal volume in 2007 which attained over $4.0T at year end. Volume reached $2.9T in the first 3Q2015 with deal count up 14.1% compared to the same period last year. Venture capital investments increased significantly with deal count YTD equating to 93.4% of all venture capital investments for full year 2014. A competitor to Uber Technologies Inc, Didi Kuaidi, completed the largest round of financing on record at $3.0B. Goldman Sachs & Co was the top adviser for the first 3Q2015 with $807.4B in volume. Morgan Stanley and JP Morgan Chase & Co rounded out the top three with $767.1B and $734.5B respectively. Goldman Sachs has been the top financial adviser for the same period for the past five years. Summary Date Global M&A: Highlights of 1st 3Q 2015 Target Acquirer Total Value (Mln.) Global M&A: Premium Breakdown Global M&A: Industry Breakdown (Bln.) % of Total Number of deals 27,737 4/8/2015 BG Group PLC Royal Dutch Shell PLC - $79,308.5 Consumer Non-cyclical $654.3 22.1% 25.5% Volume (Bln.) $2,935 Financial $571.4 19.3% 21.7% Avg Deal Size (Mln.) $106 Charter Communications Energy $361.6 12.2% 17.1% 5/26/2015 Time Warner Cable Inc - $79,249.7 Inc Communications $358.9 12.1% -0.9% Top Adviser 9/28/2015 Williams Cos Inc/The Energy Transfer Equity LP - $58,093.3 Industrial $317.5 10.7% 34.0% Goldman Sachs & Co Consumer Cyclical $215.5 7.3% -16.6% Number of deals 275 Technology $204.5 6.9% 80.4% 3/25/2015 Kraft Foods Group Inc Kraft Heinz Foods Co - $55,422.9 Volume (Bln.) $807.4 Basic Materials $114.0 3.9% -8.5% Avg Deal Size (Bln.) $2.9 7/24/2015 Cigna Corp Anthem Inc - $50,382.3 Utilities $83.6 2.8% 6.8% Diversified $76.4 2.6% 292.5% Seller Industry 39% 0% 1% 0-10% 8% 20% 32% 10-25% 25-50% 50-75% 75-100% 100%+ % YoY Change Global M&A Review 1st 3Q2015 Global M&A: Quarterly Volume $1,200 12,000 $1,000 10,000 $800 8,000 $600 6,000 $400 4,000 $200 2,000 $0 0 2010 Q3 2011 Q3 2012 Q3 2013 Q3 2014 Q3 2015 Q3 Volume (Bln.) Quarterly Volume represents any involvement (target, seller, or acquirer). Deal Type Global M&A: Deal Type Breakdown (Bln.) % Change % Change Volume Company Takeover $1,947.3 12.0% 41.6% Cross Border $1,144.7 22.3% 9.1% Private Equity $577.1 25.5% 8.5% Asset Sale $489.1 4.2% -0.9% Tender Offer $228.9-7.9% 4.6% Venture Capital $88.8 30.6% 63.2% Spin-off $43.9-3.8% -75.2% Minority Purchase $269.2 25.9% 18.9% Majority Purchase $145.6 11.7% -23.4% 3

Global Announced Deals 01/01/2015-09/30/2015 Cross Border Announced Deals 01/01/2015-09/30/2015 Goldman Sachs & Co 1 27.5 807,431 275 1 29.1-1.6 JPMorgan Chase & Co 1 34.5 394,656 126 5 19.7 14.8 Morgan Stanley 2 26.1 767,054 270 2 19.8 6.3 Bank of America Merrill Lynch 2 26.9 307,461 107 7 17.7 9.2 JPMorgan Chase & Co 3 25.0 734,515 221 6 15.5 9.6 Goldman Sachs & Co 3 26.7 305,617 160 1 33.1-6.4 Bank of America Merrill Lynch 4 20.7 606,347 183 3 19.2 1.4 Morgan Stanley 4 25.1 287,827 137 2 29.2-4.0 Credit Suisse Group AG 5 18.7 547,578 152 9 10.8 7.8 Credit Suisse Group AG 5 15.4 175,866 80 8 14.1 1.3 Citigroup Inc 6 18.1 532,078 201 4 18.6-0.4 Citigroup Inc 6 14.3 163,125 111 6 18.7-4.4 Lazard Ltd 7 12.3 359,631 164 5 17.6-5.3 Deutsche Bank AG 7 13.8 158,296 73 4 22.2-8.4 Barclays PLC 8 11.4 334,421 139 7 13.7-2.3 Barclays PLC 8 13.1 149,860 78 10 9.9 3.2 Deutsche Bank AG 9 10.7 315,101 126 8 12.9-2.1 Rothschild Ltd 9 10.5 120,276 134 9 12.4-1.9 Centerview Partners LLC 10 9.3 271,862 33 11 6.1 3.1 Lazard Ltd 10 9.3 105,945 98 3 23.4-14.2 UBS AG 11 8.5 250,610 94 12 6.1 2.4 Robey Warshaw LLP 11 7.0 79,851 2 36 1.2 5.8 Guggenheim Capital LLC 12 5.4 159,223 16 40 0.8 4.6 UBS AG 12 6.2 71,329 50 13 7.7-1.5 HSBC Bank PLC 13 5.2 153,454 52 18 3.0 2.2 HSBC Bank PLC 13 6.1 69,441 39 14 6.6-0.5 Rothschild Ltd 14 5.1 150,190 190 10 6.4-1.3 Evercore Partners Inc 14 5.2 59,241 37 23 2.5 2.7 RBC Capital Markets 15 4.2 123,386 90 17 3.1 1.1 Greenhill & Co Inc 15 4.9 55,474 17 39 1.1 3.8 Evercore Partners Inc 16 3.6 104,695 91 20 2.5 1.1 BNP Paribas SA 16 4.1 47,032 47 12 7.8-3.7 LionTree Advisors LLC 17 3.3 96,062 6 132 0.1 3.2 Moelis & Co 17 4.0 45,216 31 54 0.5 3.4 Allen & Co Inc 18 3.2 94,877 13 43 0.8 2.5 Macquarie Group Ltd 18 3.1 35,872 43 20 2.9 0.3 Greenhill & Co Inc 19 2.9 83,711 28 21 2.2 0.7 Ernst & Young 19 2.4 27,796 124 19 3.5-1.1 Robey Warshaw LLP 20 2.7 79,851 2 52 0.5 2.2 RBC Capital Markets 20 2.3 26,059 30 18 4.0-1.7 TOTAL 2,934,042 27,740 2,483,154 TOTAL 1,144,802 10,241 Global Private Equity Announced Deals 01/01/2015-09/30/2015 (Mln) COUNT JPMorgan Chase & Co 1 20.5 118,136 69 4 18.5 2.0 Goldman Sachs & Co 2 19.7 113,952 98 1 31.1-11.4 Morgan Stanley 3 17.1 98,900 87 3 21.0-3.9 Bank of America Merrill Lynch 4 16.9 97,782 67 5 18.0-1.0 Citigroup Inc 5 15.2 87,479 59 7 13.9 1.3 Deutsche Bank AG 6 13.9 79,983 49 2 21.4-7.5 Credit Suisse Group AG 7 12.4 71,320 58 9 11.5 0.9 Barclays PLC 8 11.2 64,460 60 8 12.5-1.3 Centerview Partners LLC 9 6.7 38,689 12 12 6.0 0.7 Macquarie Group Ltd 10 6.6 37,888 34 23 2.4 4.1 UBS AG 11 6.5 37,203 30 10 11.0-4.6 Rothschild Ltd 12 6.4 36,659 84 16 4.0 2.3 RBC Capital Markets 13 5.1 29,529 28 11 7.8-2.7 Wells Fargo & Co 14 4.6 26,327 23 14 4.8-0.2 Jefferies LLC 15 4.3 24,719 58 19 3.6 0.7 Lazard Ltd 16 4.0 23,106 67 6 14.3-10.3 Moelis & Co 17 3.6 21,016 32 28 1.9 1.7 HSBC Bank PLC 18 3.6 20,933 20 36 1.1 2.6 Houlihan Lokey Inc 19 3.0 17,347 36 35 1.1 1.9 PricewaterhouseCoopers LLP 20 2.8 16,144 88 40 0.9 1.9 TOTAL 577,155 7,768 (Mln) COUNT 531,874 2015 VOLUME USD (Mln) DEAL COUNT 2014 1,049,678 4

Americas M&A Regional Review The Americas continued to be the most targeted region, accounting for 55.0% of volume YTD. The US was responsible for 93.2% of deals for the region, up 23.8% in volume from the same period last year. US deals within the technology sector experienced the largest percentage change with an increase of 96.8%, bolstered by the sale of SunGard Data Systems Inc to Fidelity National Information Services Inc for $9.1 billion announced in the third quarter. Anthem Inc s $50.4 billion announced acquisition of Cigna Corp and Aetna Inc s announced acquisition of Humana Inc for $28.9 billion dominated the high activity represented in the consumer, non-cyclical sector. Once completed, the health insurers consolidation will increase the companies scale and significance amid regulatory changes in the health-care industry. Americas M&A: Highlights of 1st 3Q 2015 Americas M&A: Country Breakdown % YoY Country United States (Bln.) $1,502.9 % of Total 93.2% Change 23.8% Canada $47.8 3.0% -44.8% Brazil $22.7 1.4% -51.1% Bermuda $8.1 0.5% 70.6% Mexico $7.9 0.5% -53.1% British Virgin Islands $7.3 0.5% 60.7% Chile $5.1 0.3% -52.0% Colombia $0.3 0.0% -91.2% Americas M&A: Industry Breakdown Total Value % YoY Summary Date Target Acquirer Seller (Mln.) Industry (Bln.) % of Total Change Number of deals 12,238 Charter Communications Consumer Non-cyclical $488.4 30.2% 35.5% 5/26/2015 Time Warner Cable Inc - $79,249.7 Volume (Bln.) $1,613.0 Inc Financial $269.8 16.7% 44.0% Avg Deal Size (Mln.) $131.8 Communications $200.8 12.4% -8.7% 9/28/2015 Williams Cos Inc/The Energy Transfer Equity LP - $58,093.3 Energy $194.2 12.0% -13.4% Top Adviser Technology $145.2 9.0% 81.0% 3/25/2015 Kraft Foods Group Inc Kraft Heinz Foods Co - $55,422.9 Morgan Stanley Industrial $141.3 8.8% 75.0% Number of deals 151 Consumer Cyclical $81.0 5.0% -36.4% 7/24/2015 Cigna Corp Anthem Inc - $50,382.3 Volume (Bln.) $511.8 Utilities $45.9 2.8% -12.4% Avg Deal Size (Bln.) $3.4 Teva Pharmaceutical Basic Materials $43.9 2.7% -35.6% 7/27/2015 Generic drug business Allergan plc $40,500.0 Industries Ltd Diversified $4.5 0.3% -45.8% Global M&A Review 1st 3Q2015 Americas M&A: Quarterly Volume $1,000 6,000 $800 5,000 $600 4,000 3,000 $400 2,000 $200 1,000 $0 0 2010 Q3 2011 Q3 2012 Q3 2013 Q3 2014 Q3 2015 Q3 Volume (Bln.) Americas M&A: Deal Type Breakdown (Bln.) % Change % Change Volume Deal Type Company Takeover $1,171.7 6.7% 36.7% Cross Border $415.1 19.4% 5.1% Private Equity $319.3 20.3% 11.8% Asset Sale $290.1-4.3% 7.0% Tender Offer $123.8 0.0% 92.8% Venture Capital $49.5 15.4% 33.0% Spin-off $19.5-12.5% -87.5% Minority Purchase $102.4 17.8% 21.4% Majority Purchase $17.9 16.4% -42.9% Quarterly Volume represents any involvement (target, seller, or acquirer). 5

US Announced Deals (Any Involvement) 01/01/2015-09/30/2015 US Announced Deals (Target or Seller) 01/01/2015-09/30/2015 JPMorgan Chase & Co 1 30.7 549,133 143 6 19.3 11.4 Morgan Stanley 1 31.9 506,421 139 4 20.6 11.3 Goldman Sachs & Co 2 29.7 531,049 189 1 33.9-4.2 JPMorgan Chase & Co 2 31.2 495,041 118 7 19.4 11.7 Morgan Stanley 3 29.5 527,457 162 4 20.4 9.0 Goldman Sachs & Co 3 29.9 475,485 149 1 36.2-6.3 Credit Suisse Group AG 4 25.9 463,351 102 9 10.2 15.7 Credit Suisse Group AG 4 27.1 430,270 86 10 9.6 17.5 Citigroup Inc 5 24.3 435,502 117 3 21.4 2.9 Citigroup Inc 5 26.6 422,745 106 3 22.1 4.6 Bank of America Merrill Lynch 6 23.4 418,079 125 2 23.7-0.3 Bank of America Merrill Lynch 6 24.1 383,654 105 2 24.8-0.6 Barclays PLC 7 17.1 305,396 101 7 18.6-1.5 Barclays PLC 7 18.0 285,738 81 5 20.1-2.2 Lazard Ltd 8 16.6 296,501 92 5 19.8-3.2 Lazard Ltd 8 17.2 273,568 72 6 19.5-2.3 Centerview Partners LLC 9 14.9 266,617 31 10 10.1 4.8 Centerview Partners LLC 9 16.5 262,867 29 9 9.9 6.7 Deutsche Bank AG 10 10.9 195,306 76 8 12.4-1.5 UBS AG 10 11.1 176,481 38 12 5.9 5.2 UBS AG 11 10.3 184,810 46 12 5.8 4.5 Deutsche Bank AG 11 10.6 167,678 61 8 11.8-1.2 Guggenheim Capital LLC 12 8.9 159,223 16 24 1.3 7.6 Guggenheim Capital LLC 12 10.0 158,824 14 21 1.5 8.5 RBC Capital Markets 13 6.0 107,130 62 14 3.9 2.1 RBC Capital Markets 13 6.7 107,130 61 16 2.9 3.8 LionTree Advisors LLC 14 5.4 96,062 6 105 0.1 5.3 LionTree Advisors LLC 14 6.0 96,062 6 93 0.1 6.0 Allen & Co Inc 15 5.3 94,638 12 26 1.3 4.0 Allen & Co Inc 15 5.8 91,638 11 22 1.4 4.3 Evercore Partners Inc 16 5.1 91,237 73 15 3.5 1.6 Evercore Partners Inc 16 5.5 87,136 66 14 3.8 1.7 Rothschild Ltd 17 4.6 83,159 59 18 2.4 2.2 Greenhill & Co Inc 17 4.4 69,716 13 15 3.5 0.9 Greenhill & Co Inc 18 4.6 82,121 19 17 3.3 1.3 Intrepid Partners LLC 18 3.7 58,093 1 - - 3.7 Intrepid Partners LLC 19 3.2 58,093 1 - - 3.2 Jefferies LLC 19 3.3 53,063 82 11 6.6-3.3 Jefferies LLC 20 3.1 55,190 92 11 6.2-3.2 Wells Fargo & Co 20 2.8 44,444 39 17 2.9-0.1 TOTAL 1,790,628 13,039 1,496,385 TOTAL 1,589,185 10,592 1,342,485 Canada Announced Deals (Any Involvement) 01/01/2015-09/30/2015 Canada Announced Deals (Target or Seller) 01/01/2015-09/30/2015 (Mln) COUNT (Mln) COUNT JPMorgan Chase & Co 1 26.5 46,661 18 4 19.5 7.0 BMO Capital Markets Corp 1 25.4 15,126 24 5 16.6 8.8 Morgan Stanley 2 17.5 30,811 16 5 15.8 1.7 RBC Capital Markets 2 16.2 9,670 23 1 32.0-15.8 BMO Capital Markets Corp 3 17.5 30,727 27 8 13.4 4.1 TD Securities Inc 3 14.8 8,811 20 12 9.7 5.1 Citigroup Inc 4 16.9 29,797 10 6 14.9 2.0 CIBC 4 14.2 8,469 25 14 7.4 6.8 Goldman Sachs & Co 5 16.6 29,235 17 3 20.3-3.7 Goldman Sachs & Co 5 10.4 6,170 5 6 13.9-3.5 Deutsche Bank AG 6 15.3 26,880 13 12 8.1 7.1 Bank of Nova Scotia/The 6 10.2 6,075 9 7 13.8-3.6 RBC Capital Markets 7 13.9 24,367 34 1 25.4-11.6 Jefferies LLC 7 6.2 3,710 6 24 1.4 4.9 Credit Suisse Group AG 8 13.7 24,050 11 19 5.0 8.7 Bank of America Merrill Lynch 8 6.0 3,580 5 11 10.8-4.8 Bank of America Merrill Lynch 9 12.4 21,739 12 9 10.8 1.5 Macquarie Group Ltd 9 5.0 2,971 10 19 2.3 2.7 Bank of Nova Scotia/The 10 10.1 17,751 14 7 14.4-4.3 National Bank Financial Inc 10 4.9 2,894 17 13 9.4-4.5 Barclays PLC 11 9.8 17,300 12 2 22.0-12.1 PricewaterhouseCoopers LLP 11 4.5 2,694 11 52 0.1 4.4 CIBC 12 9.4 16,612 28 15 7.1 2.3 GMP Securities LP 12 4.2 2,500 13 26 0.9 3.3 Moelis & Co 13 8.9 15,606 5 64 0.1 8.8 Canaccord Genuity Corp 13 3.2 1,915 6 18 3.9-0.7 Macquarie Group Ltd 14 7.8 13,665 18 18 5.7 2.0 Citigroup Inc 14 3.1 1,855 3 3 18.9-15.8 HSBC Bank PLC 15 6.7 11,814 4 - - 6.7 Credit Suisse Group AG 15 3.0 1,758 5 21 1.8 1.2 TD Securities Inc 16 5.0 8,811 22 13 8.1-3.0 Raymond James & Associates Inc 16 2.7 1,610 10 27 0.8 1.9 Jefferies LLC 17 4.4 7,742 9 30 1.0 3.4 FirstEnergy Capital Corp 17 2.4 1,455 8 23 1.7 0.8 INFOR Financial Group Inc 18 3.9 6,900 1 - - 3.9 Deutsche Bank AG 18 2.4 1,450 4 15 5.2-2.8 Rothschild Ltd 19 3.7 6,573 13 35 0.6 3.1 Barclays PLC 19 2.4 1,448 5 8 12.9-10.4 Sandler O'Neill & Partners LP 20 3.1 5,484 3 - - 3.1 Somerley Group Ltd 20 2.4 1,415 1 - - 2.4 TOTAL 175,888 2,192 155,182 TOTAL 59,575 1,526 104,986 (Mln) COUNT (Mln) COUNT 6

Latin America Announced Deals (Any Involvement) 01/01/2015-09/30/2015 Brazil Announced Deals (Any Involvement) 01/01/2015-09/30/2015 (Mln) COUNT Rothschild Ltd 1 26.8 15,358 14 6 20.5 6.3 Rothschild Ltd 1 34.7 10,685 10 2 39.8-5.2 Deutsche Bank AG 2 23.0 13,180 9 5 21.6 1.4 Deutsche Bank AG 2 33.1 10,186 4 10 21.1 12.0 Bank of America Merrill Lynch 3 20.7 11,886 18 7 19.0 1.7 HSBC Bank PLC 3 30.7 9,466 2 26 0.7 30.0 Goldman Sachs & Co 4 19.1 10,927 14 3 24.6-5.5 Bank of America Merrill Lynch 4 27.3 8,394 10 11 20.1 7.2 HSBC Bank PLC 5 18.3 10,476 6 21 3.1 15.2 Banco BTG Pactual SA 5 25.8 7,952 17 5 29.2-3.4 JPMorgan Chase & Co 6 15.3 8,772 9 11 14.0 1.3 Banco Bradesco BBI SA 6 25.7 7,928 4 12 13.7 12.0 Banco BTG Pactual SA 7 15.0 8,603 21 10 15.3-0.3 Goldman Sachs & Co 7 24.6 7,577 8 4 31.8-7.2 Credit Suisse Group AG 8 14.5 8,330 11 1 28.6-14.0 Credit Suisse Group AG 8 24.0 7,398 9 3 38.4-14.4 Banco Bradesco BBI SA 9 13.8 7,928 4 13 6.8 7.0 JPMorgan Chase & Co 9 21.5 6,627 4 9 23.8-2.3 Banco Santander SA 10 12.5 7,139 10 9 16.3-3.8 Banco Itau BBA SA 10 20.5 6,299 25 1 47.3-26.8 Banco Itau BBA SA 11 11.4 6,508 30 2 26.2-14.8 Banco Santander SA 11 18.0 5,543 8 8 24.2-6.2 Morgan Stanley 12 9.9 5,672 10 4 24.4-14.5 Morgan Stanley 12 14.9 4,593 4 6 25.5-10.6 Citigroup Inc 13 8.7 4,994 15 8 18.8-10.1 Moelis & Co 13 13.9 4,280 1 29 0.5 13.4 Moelis & Co 14 7.5 4,280 1 26 1.5 6.0 UBS AG 14 12.6 3,873 3 16 6.3 6.2 UBS AG 15 6.8 3,873 3 19 3.8 3.0 BR Partners 15 3.4 1,058 7 18 3.3 0.1 PricewaterhouseCoopers LLP 16 4.6 2,647 7 58 0.1 4.6 Citigroup Inc 16 3.3 1,012 4 13 9.7-6.4 Ernst & Young 17 3.8 2,186 2 23 1.8 2.0 Bank of Nova Scotia/The 17 2.9 900 1 - - 2.9 Alfaro Davila y Rios SC 18 3.8 2,150 1 - - 3.8 Caixa Banco de Investimento SA 18 2.8 876 1 38 0.2 2.7 Industrial & Commercial Bank of China Ltd 19 3.7 2,098 1 - - 3.7 Banco do Brasil SA 19 2.7 845 4 31 0.4 2.3 Banco Bilbao Vizcaya Argentaria SA 20 1.9 1,105 5 31 0.8 1.1 Credit Agricole Corporate & Investment Bank SA 20 2.7 839 1 47-2.7 TOTAL 57,318 666 110,300 TOTAL 30,805 350 54,899 Latin America Announced Deals (Target or Seller) 01/01/2015-09/30/2015 Brazil Announced Deals (Target or Seller) 01/01/2015-09/30/2015 (Mln) COUNT Rothschild Ltd 1 32.7 15,358 14 5 24.2 8.4 Rothschild Ltd 1 44.0 10,685 10 2 43.7 0.3 Goldman Sachs & Co 2 22.3 10,470 13 3 27.6-5.3 Banco Bradesco BBI SA 2 32.7 7,928 4 12 15.1 17.6 JPMorgan Chase & Co 3 18.7 8,772 9 12 14.4 4.2 Banco BTG Pactual SA 3 31.8 7,709 15 5 27.4 4.3 Banco BTG Pactual SA 4 18.3 8,603 21 9 15.6 2.8 Goldman Sachs & Co 4 31.2 7,577 8 4 32.3-1.1 Credit Suisse Group AG 5 17.7 8,330 11 1 31.6-13.9 Credit Suisse Group AG 5 30.5 7,398 9 3 39.6-9.1 Banco Bradesco BBI SA 6 16.9 7,928 4 13 8.1 8.8 JPMorgan Chase & Co 6 27.3 6,627 4 10 22.8 4.5 Deutsche Bank AG 7 15.5 7,272 5 4 25.5-10.0 Banco Itau BBA SA 7 25.0 6,067 23 1 51.9-26.9 Banco Santander SA 8 15.2 7,139 9 8 19.1-4.0 Banco Santander SA 8 22.8 5,543 7 7 26.4-3.6 Banco Itau BBA SA 9 13.8 6,508 29 2 30.9-17.0 HSBC Bank PLC 9 21.4 5,186 1 23 0.8 20.6 HSBC Bank PLC 10 13.2 6,196 5 21 3.7 9.5 Deutsche Bank AG 10 18.4 4,456 2 9 23.1-4.7 Bank of America Merrill Lynch 11 11.1 5,195 12 6 21.1-10.0 UBS AG 11 15.0 3,641 2 16 7.0 8.1 UBS AG 12 8.2 3,873 3 19 4.5 3.8 Bank of America Merrill Lynch 12 10.6 2,574 7 11 19.5-8.9 Citigroup Inc 13 7.7 3,621 11 10 15.0-7.3 BR Partners 13 4.4 1,058 7 18 3.6 0.7 PricewaterhouseCoopers LLP 14 5.6 2,647 6 52 0.1 5.6 Citigroup Inc 14 4.2 1,012 4 13 10.7-6.5 Ernst & Young 15 4.7 2,186 2 64-4.7 Bank of Nova Scotia/The 15 3.7 900 1 - - 3.7 Alfaro Davila y Rios SC 16 4.6 2,150 1 - - 4.6 Caixa Banco de Investimento SA 16 3.6 876 1 36 0.2 3.4 Industrial & Commercial Bank of China Ltd 17 4.5 2,098 1 - - 4.5 Banco do Brasil SA 17 3.5 845 4 28 0.5 3.0 Morgan Stanley 18 3.0 1,392 9 7 19.7-16.7 Credit Agricole Corporate & Investment Bank SA 18 3.5 839 1 45-3.5 Banco Bilbao Vizcaya Argentaria SA 19 2.4 1,105 5 31 0.6 1.7 Daiwa Securities Group Inc 18 3.5 839 1 - - 3.5 Bank of Nova Scotia/The 20 2.3 1,064 3 36 0.3 2.0 PricewaterhouseCoopers LLP 20 2.3 549 4 37 0.1 2.1 TOTAL 47,019 586 93,498 TOTAL 24,283 315 50,048 (Mln) COUNT (Mln) COUNT 7

EMEA M&A Review At $629.8B, or a 3.9% increase from the first 3Q2014, EMEA maintained only marginal growth over the previous year, compared to 13.5% growth from the same period 2013 to 2014. 3Q2015 saw the third largest joint venture in EMEA s history with the formation of Hutchison 3G Italy Investments Sarl created between VimpelCom Ltd and CK Hutchison Holdings Ltd. Historically low energy prices helped contribute to the 80.5% increase in energy asset sales for the first 3Q2015. The average premium for EMEA targets in deals over $1.0B in 3Q2015 was 7.5%, the lowest quarterly premium in five years. Cross border transactions represented 82.6% of the total volume, against 77.0% in 3Q2014 and 62.1% in 2013. EMEA M&A Highlights of 1st 3Q 2015 EMEA M&A: Country Breakdown % YoY Country United Kingdom (Bln.) $251.7 % of Total 40.0% Change 74.2% Germany $70.3 11.2% 2.7% France $49.8 7.9% -58.4% Italy $37.4 5.9% 33.1% Netherlands $33.1 5.3% 7.9% Spain $32.7 5.2% -18.1% Switzerland $20.6 3.3% -26.6% Finland $11.4 1.8% -2.4% EMEA M&A: Industry Breakdown Summary Date Target Acquirer Seller Total Value (USD Mln.) Industry (Bln.) % of Total % YoY Change Number of deals 7,273 Financial $141.0 22.1% 3.7% 4/8/2015 BG Group PLC Royal Dutch Shell PLC - $79,308.5 Volume (Bln.) $630 Energy $106.6 16.7% 196.0% Avg Deal Size (Mln.) $86.6 Consumer Non-cyclical $91.6 14.4% 2.0% 3/24/2015 Telefonica UK Ltd Hutchison Whampoa Ltd Telefonica SA $15,125.1 Industrial $80.5 12.6% -20.0% Top Adviser Communications $78.8 12.4% -22.8% 4/15/2015 Alcatel-Lucent Nokia OYJ - $11,669.9 Goldman Sachs & Co Consumer Cyclical $66.9 10.5% -22.3% Number of deals 101 Coca-Cola Erfrischungsgetraenke Basic Materials $23.9 3.8% 8.6% 8/6/2015 Coca-Cola Enterprises Inc - $11,494.6 Volume (Bln.) $245.8 AG,Coca Cola Iberian Partners SA Technology $19.7 3.1% 20.4% Avg Deal Size (Bln.) $2.4 6/24/2015 Delhaize Group Koninklijke Ahold NV - $11,473.4 Utilities $14.9 2.3% 15.4% Diversified $13.2 2.1% 161.9% Global M&A Review 1st 3Q2015 EMEA M&A: Quarterly Volume $400 4,000 $300 3,000 $200 2,000 $100 1,000 $0 0 2010 Q3 2011 Q3 2012 Q3 2013 Q3 2014 Q3 2015 Q3 Volume (Bln.) EMEA M&A: Deal Type Breakdown (Bln.) % Change % Change Volume Deal Type Company Takeover $402.8 19.7% 32.3% Cross Border $520.5 21.2% 11.8% Private Equity $159.1 19.7% 7.0% Asset Sale $126.8 21.1% -15.3% Tender Offer $76.1-29.3% -33.7% Venture Capital $12.3 19.3% 48.0% Spin-off $2.9-35.0% -57.2% Minority Purchase $44.4 8.0% -12.1% Majority Purchase $41.7-4.3% -55.2% Quarterly Volume represents any involvement (target, seller, or acquirer). 8

Europe Announced Deals (Any Involvement) 01/01/2015-09/30/2015 Europe Announced Deals (Target or Seller) 01/01/2015-09/30/2015 Goldman Sachs & Co 1 31.9 257,722 115 1 31.5 0.5 Goldman Sachs & Co 1 37.6 241,938 97 1 32.5 5.1 Morgan Stanley 2 30.8 248,531 104 2 29.4 1.4 JPMorgan Chase & Co 2 32.9 211,807 79 8 17.3 15.6 JPMorgan Chase & Co 3 30.4 245,272 93 5 20.1 10.4 Morgan Stanley 3 30.0 193,381 86 2 29.3 0.7 Bank of America Merrill Lynch 4 27.7 223,088 79 7 18.1 9.5 Bank of America Merrill Lynch 4 29.2 187,702 65 7 18.7 10.5 Rothschild Ltd 5 14.9 119,969 161 9 15.0-0.1 Rothschild Ltd 5 17.4 111,799 153 6 18.9-1.6 Deutsche Bank AG 6 14.7 118,588 55 4 25.9-11.2 Deutsche Bank AG 6 16.6 106,744 45 4 27.1-10.6 Credit Suisse Group AG 7 14.4 115,942 52 8 15.0-0.6 Lazard Ltd 7 13.2 84,979 89 3 28.2-15.0 Lazard Ltd 8 13.2 106,385 107 3 27.1-14.0 Robey Warshaw LLP 8 12.4 79,851 2 30 1.5 10.9 Citigroup Inc 9 12.0 96,751 84 6 19.9-7.9 Citigroup Inc 9 10.4 66,698 70 5 19.0-8.6 Robey Warshaw LLP 10 9.9 79,851 2 26 1.5 8.5 Credit Suisse Group AG 10 10.0 64,351 38 9 17.1-7.1 Barclays PLC 11 9.0 72,932 66 11 11.3-2.3 HSBC Bank PLC 11 9.9 63,559 25 15 8.7 1.2 HSBC Bank PLC 12 8.0 64,414 27 16 7.0 0.9 UBS AG 12 8.8 56,501 38 14 10.5-1.7 UBS AG 13 7.5 60,309 43 12 10.6-3.1 Barclays PLC 13 7.7 49,465 54 12 11.6-3.9 BNP Paribas SA 14 6.8 54,486 59 10 12.4-5.6 BNP Paribas SA 14 4.9 31,534 52 10 16.4-11.5 Ernst & Young 15 3.6 28,936 133 19 3.4 0.2 Ernst & Young 15 4.4 28,349 123 19 4.4 0.0 Societe Generale SA 16 3.4 27,289 33 15 8.4-5.0 Societe Generale SA 16 4.2 26,764 30 13 11.1-6.9 Moelis & Co 17 3.0 24,560 19 45 0.5 2.6 Zaoui & Co LLP 17 3.3 21,457 3 17 5.2-1.9 Zaoui & Co LLP 18 2.7 21,457 3 17 4.8-2.2 Moelis & Co 18 2.8 18,202 12 46 0.4 2.4 Evercore Partners Inc 19 2.5 20,144 26 25 1.6 0.9 Evercore Partners Inc 19 2.8 17,988 24 31 1.3 1.5 Guggenheim Capital LLC 20 2.4 19,240 3 23 1.9 0.5 RBC Capital Markets 20 2.4 15,264 16 38 1.0 1.4 TOTAL 806,885 8,578 878,417 TOTAL 643,820 6,913 664,306 UK Announced Deals (Any Involvement) 01/01/2015-09/30/2015 Germany Announced Deals (Any Involvement) 01/01/2015-09/30/2015 (Mln) COUNT (Mln) COUNT Goldman Sachs & Co 1 42.6 153,997 67 1 29.8 12.9 Deutsche Bank AG 1 30.7 34,393 11 1 43.3-12.6 JPMorgan Chase & Co 2 36.6 132,312 46 3 22.8 13.8 Rothschild Ltd 2 25.0 28,006 20 9 12.9 12.1 Bank of America Merrill Lynch 3 33.5 121,106 30 6 18.5 15.0 Credit Suisse Group AG 3 20.3 22,660 7 17 2.8 17.5 Morgan Stanley 4 33.4 120,556 38 5 19.7 13.7 Morgan Stanley 4 19.4 21,669 14 2 41.2-21.8 Robey Warshaw LLP 5 22.1 79,851 2 14 3.9 18.2 JPMorgan Chase & Co 5 17.3 19,340 14 4 27.9-10.6 Rothschild Ltd 6 17.5 63,216 80 11 7.4 10.1 Ernst & Young 6 16.5 18,500 43 14 4.7 11.8 Barclays PLC 7 11.2 40,589 38 7 14.4-3.1 Lazard Ltd 7 16.0 17,933 13 5 22.0-6.0 Deutsche Bank AG 8 10.1 36,464 22 4 19.9-9.8 Goldman Sachs & Co 8 15.2 17,014 10 3 29.9-14.7 UBS AG 9 9.7 35,049 20 10 10.8-1.1 Citigroup Inc 9 11.7 13,037 11 7 18.2-6.6 HSBC Bank PLC 10 9.0 32,383 13 24 1.8 7.2 Bank of America Merrill Lynch 10 9.8 10,994 8 6 21.1-11.3 Credit Suisse Group AG 11 8.9 32,284 22 12 5.1 3.8 HSBC Bank PLC 11 8.2 9,141 2 - - 8.2 Citigroup Inc 12 7.0 25,235 26 9 10.9-3.9 UBS AG 12 8.1 9,057 4 10 9.9-1.9 Moelis & Co 13 4.9 17,655 10 39 0.5 4.4 Societe Generale SA 13 7.6 8,451 2 24 0.6 7.0 Lazard Ltd 14 4.9 17,511 32 2 25.4-20.5 Moelis & Co 14 5.7 6,337 2 62-5.7 Evercore Partners Inc 15 4.2 15,041 16 27 1.2 2.9 Qatalyst Partners LLC 15 3.9 4,329 1 - - 3.9 Macquarie Group Ltd 16 3.7 13,414 20 38 0.5 3.2 Evercore Partners Inc 16 2.9 3,196 2 - - 2.9 Greenhill & Co Inc 17 3.7 13,325 6 22 2.9 0.8 UniCredit SpA 17 2.8 3,183 4 21 1.2 1.6 RBC Capital Markets 18 3.6 12,890 13 23 2.2 1.4 Perella Weinberg Partners LP 18 2.4 2,665 1 - - 2.4 PricewaterhouseCoopers LLP 19 3.4 12,217 72 29 1.0 2.3 Centerview Partners LLC 19 2.2 2,451 1 38 0.1 2.1 Nomura Holdings Inc 20 2.8 10,234 13 46 0.3 2.5 KPMG Corporate Finance LLC 20 2.2 2,418 22 19 1.3 0.8 TOTAL 361,133 3,455 322,593 TOTAL 111,904 1,383 174,089 (Mln) COUNT (Mln) COUNT 9

France Announced Deals (Any Involvement) 01/01/2015-09/30/2015 Italy Announced Deals (Any Involvement) 01/01/2015-09/30/2015 BNP Paribas SA 1 30.3 31,713 35 6 42.4-12.1 Morgan Stanley 1 54.9 29,714 11 1 38.5 16.4 Morgan Stanley 2 29.2 30,484 17 2 51.4-22.2 Goldman Sachs & Co 2 48.8 26,413 14 4 32.9 15.9 JPMorgan Chase & Co 3 27.9 29,166 15 14 16.8 11.1 Bank of America Merrill Lynch 3 35.1 19,008 11 3 35.0 0.2 Bank of America Merrill Lynch 4 27.8 29,040 11 12 25.1 2.7 Lazard Ltd 4 32.2 17,431 12 2 35.5-3.3 Credit Suisse Group AG 5 25.3 26,476 11 4 46.8-21.5 Rothschild Ltd 5 26.0 14,057 11 8 15.3 10.7 Citigroup Inc 6 25.1 26,263 13 10 29.8-4.7 JPMorgan Chase & Co 6 22.5 12,148 5 7 20.3 2.2 Goldman Sachs & Co 7 24.9 26,022 13 3 46.8-21.9 HSBC Bank PLC 7 22.1 11,949 5 26 0.7 21.4 Rothschild Ltd 8 24.2 25,296 56 5 44.9-20.7 Citigroup Inc 8 21.5 11,611 15 9 14.9 6.6 Lazard Ltd 9 19.2 20,032 35 1 59.7-40.5 Credit Suisse Group AG 9 20.7 11,212 6 10 14.5 6.2 Deutsche Bank AG 10 15.7 16,412 7 8 34.1-18.4 Deutsche Bank AG 10 19.9 10,777 5 6 30.0-10.1 Societe Generale SA 11 15.1 15,732 26 9 33.8-18.7 BDT & Co LLC 11 11.2 6,066 1 - - 11.2 Zaoui & Co LLP 12 13.5 14,057 2 13 18.5-5.1 UBS AG 12 10.1 5,472 8 21 3.6 6.6 UBS AG 13 10.1 10,527 5 16 14.5-4.4 Barclays PLC 13 6.6 3,568 5 5 32.0-25.5 Barclays PLC 14 10.0 10,429 14 15 14.9-5.0 Credit Agricole Corporate & Investment Bank SA 14 5.0 2,686 4 41-5.0 HSBC Bank PLC 15 9.3 9,725 5 11 28.2-18.9 Vitale & Associati SpA 15 4.5 2,439 3 31 0.3 4.2 Davy Corporate Finance 16 7.0 7,337 1 - - 7.0 Intesa Sanpaolo SpA 16 3.7 2,004 6 22 3.5 0.3 Goodbody Corporate Finance Ltd 16 7.0 7,337 1 - - 7.0 Piper Jaffray & Co 17 2.6 1,397 1 - - 2.6 Credit Agricole Corporate & Investment Bank SA 18 4.1 4,326 14 7 41.6-37.4 Banco Santander SA 18 1.9 1,006 1 41-1.9 Daiwa Securities Group Inc 19 3.2 3,372 26 29 0.6 2.6 Equita SIM SpA 19 1.7 916 2 - - 1.7 Ondra Partners 20 3.0 3,107 2 - - 3.0 Mediobanca SpA 19 1.7 916 5 - - 1.7 TOTAL 104,553 1,187 187,969 TOTAL 54,124 478 52,514 Benelux Announced Deals (Any Involvement) 01/01/2015-09/30/2015 Iberia Announced Deals (Any Involvement) 01/01/2015-09/30/2015 (Mln) COUNT (Mln) COUNT JPMorgan Chase & Co 1 63.1 136,940 21 10 22.2 40.9 Lazard Ltd 1 30.6 20,892 11 17 8.1 22.5 Morgan Stanley 2 58.8 127,475 20 1 52.3 6.5 UBS AG 2 28.4 19,365 4 5 27.7 0.7 Goldman Sachs & Co 3 56.5 122,570 15 4 36.5 20.0 Rothschild Ltd 3 26.1 17,813 10 16 9.9 16.2 Bank of America Merrill Lynch 4 54.7 118,750 9 3 36.7 18.0 HSBC Bank PLC 4 23.5 16,062 4 26 1.6 21.9 Robey Warshaw LLP 5 36.6 79,308 1 - - 36.6 Moelis & Co 5 22.2 15,125 1 - - 22.2 Credit Suisse Group AG 6 11.8 25,639 9 12 18.9-7.1 Deutsche Bank AG 6 21.0 14,344 4 6 23.6-2.6 BNP Paribas SA 7 10.4 22,640 14 8 27.6-17.2 Ernst & Young 7 20.2 13,781 28 9 19.5 0.7 Lazard Ltd 8 10.1 21,838 21 2 39.7-29.7 Credit Suisse Group AG 8 16.8 11,495 1 23 3.1 13.7 Barclays PLC 9 9.7 21,005 7 13 18.7-9.0 Morgan Stanley 9 15.8 10,773 14 7 23.5-7.7 Guggenheim Capital LLC 10 8.2 17,835 1 - - 8.2 Citigroup Inc 10 13.9 9,470 11 25 1.7 12.2 PJT Capital LP 10 8.2 17,835 2 - - 8.2 Goldman Sachs & Co 11 12.8 8,762 10 2 37.2-24.4 Deutsche Bank AG 12 7.1 15,376 6 5 33.6-26.5 KPMG Corporate Finance LLC 12 7.8 5,299 35 14 14.3-6.5 HSBC Bank PLC 13 5.0 10,820 4 24 0.9 4.1 Bank of America Merrill Lynch 13 7.7 5,261 9 4 33.3-25.6 Zaoui & Co LLP 14 3.4 7,400 1 - - 3.4 RBC Capital Markets 14 3.7 2,545 1 34 0.4 3.3 Rothschild Ltd 15 2.5 5,393 20 18 4.6-2.2 PricewaterhouseCoopers LLP 15 2.6 1,801 20 28 1.1 1.5 Jefferies LLC 16 1.2 2,525 8 19 2.8-1.6 JPMorgan Chase & Co 16 2.2 1,509 3 3 35.0-32.8 Societe Generale SA 17 1.0 2,245 3 14 18.0-16.9 Caixa Banco de Investimento SA 17 2.2 1,465 5 22 3.6-1.5 Cooperatieve Centrale Raiffeisen-Boerenleenban 18 1.0 2,098 13 26 0.6 0.4 Houlihan Lokey Inc 18 2.1 1,449 1 46-2.1 RBC Capital Markets 19 0.9 1,956 3 - - 0.9 Barclays PLC 19 2.0 1,359 6 19 5.1-3.1 Somerley Group Ltd 20 0.9 1,838 3 - - 0.9 BNP Paribas SA 20 1.7 1,135 5 8 20.4-18.8 TOTAL 216,966 995 108,428 TOTAL 68,256 508 61,257 (Mln) COUNT 2015 VOLUME USD (Mln) DEAL COUNT 2014 10

Nordic Announced Deals (Any Involvement) 01/01/2015-09/30/2015 Eastern Europe Announced Deals (Any Involvement) 01/01/2015-09/30/2015 Citigroup Inc 1 29.4 18,903 5 8 14.0 15.4 VTB Capital ZAO 1 21.4 10,100 10 17 1.0 20.4 Deutsche Bank AG 2 29.3 18,888 5 1 26.5 2.9 JPMorgan Chase & Co 2 20.8 9,835 9 10 2.5 18.4 JPMorgan Chase & Co 3 28.6 18,402 7 3 22.2 6.4 Lazard Ltd 3 12.8 6,039 3 32 0.1 12.7 Goldman Sachs & Co 4 28.1 18,096 8 2 23.9 4.2 Societe Generale SA 4 6.2 2,947 6 27 0.5 5.7 Credit Suisse Group AG 5 24.7 15,908 2 37 0.4 24.3 Citigroup Inc 5 5.4 2,533 11 6 7.0-1.6 Morgan Stanley 6 24.3 15,633 7 7 14.1 10.2 Morgan Stanley 6 4.9 2,320 4 3 20.3-15.4 Bank of America Merrill Lynch 7 18.3 11,760 3 25 1.5 16.8 Barclays PLC 7 4.3 2,049 3 8 4.3 0.0 Zaoui & Co LLP 8 18.1 11,670 1 - - 18.1 Bank of America Merrill Lynch 8 3.7 1,762 6 14 1.5 2.3 Skandinaviska Enskilda Banken AB 9 6.7 4,296 14 5 19.0-12.3 UBS AG 9 3.7 1,743 1 15 1.5 2.2 Perella Weinberg Partners LP 10 6.6 4,239 1 - - 6.6 Blackstone Group LP/The 10 3.2 1,525 1 21 0.6 2.6 Rothschild Ltd 11 6.5 4,171 10 6 14.7-8.2 BNP Paribas SA 11 2.3 1,108 4 5 9.2-6.8 Evercore Partners Inc 12 5.1 3,287 4 44 0.3 4.8 Turk Ekonomi Bankasi AS 12 1.5 686 1 - - 1.5 ABG Sundal Collier Holding ASA 13 4.3 2,770 3 18 2.4 1.9 Cooperatieve Centrale Raiffeisen-Boerenleenban 13 1.4 680 1 22 0.6 0.9 Lazard Ltd 14 4.3 2,745 8 21 1.9 2.4 Rothschild Ltd 14 1.1 524 5 4 18.3-17.2 Danske Bank A/S 15 4.1 2,630 6 34 0.4 3.6 UniCredit SpA 14 1.1 524 2 41-1.1 Deloitte Touche Tohmatsu ILA Group Ltd 16 3.7 2,357 4 34 0.4 3.2 ING Groep NV 16 1.0 451 4 20 0.6 0.3 Nordea Bank AB 17 1.8 1,140 11 4 19.7-17.9 Ernst & Young 17 0.8 393 11 28 0.4 0.4 PricewaterhouseCoopers LLP 18 1.6 1,044 42 11 4.0-2.4 HSBC Bank PLC 18 0.7 330 2 13 1.8-1.1 RBC Capital Markets 19 1.1 727 3 27 1.2-0.1 Goldman Sachs & Co 19 0.3 150 4 2 24.0-23.7 Pohjola Bank Oyj 20 1.0 669 1 - - 1.0 Skandinaviska Enskilda Banken AB 20 0.2 115 1 - - 0.2 TOTAL 64,414 1,177 87,101 TOTAL 47,240 773 46,597 Africa/ME Announced Deals (Any Involvement) 01/01/2015-09/30/2015 (Mln) COUNT JPMorgan Chase & Co 1 46.7 54,210 9 13 4.4 42.3 Barclays PLC 2 40.3 46,848 10 12 5.4 35.0 Greenhill & Co Inc 3 34.9 40,500 1 42 0.4 34.5 Bank of America Merrill Lynch 4 10.8 12,563 12 10 6.4 4.4 Goldman Sachs & Co 5 10.5 12,231 8 6 10.9-0.3 Morgan Stanley 6 9.9 11,466 14 3 14.1-4.2 Citigroup Inc 7 5.6 6,447 13 7 8.9-3.4 HSBC Bank PLC 8 5.5 6,337 11 40 0.4 5.1 Deutsche Bank AG 9 5.2 6,023 6 9 6.6-1.4 Nomura Holdings Inc 10 4.9 5,651 2 - - 4.9 Rothschild Ltd 11 4.5 5,173 8 8 7.1-2.7 Moelis & Co 12 3.7 4,280 2 33 0.5 3.2 PricewaterhouseCoopers LLP 13 2.9 3,334 12 57 0.1 2.8 Davy Corporate Finance 14 2.5 2,840 1 - - 2.5 FirstRand Ltd 15 2.4 2,810 1 - - 2.4 Ernst & Young 16 2.3 2,627 11 19 2.2 0.0 Credit Suisse Group AG 17 2.3 2,609 5 11 5.9-3.6 Jefferies LLC 18 2.2 2,577 5 18 2.5-0.3 Centerview Partners LLC 19 2.1 2,451 1 - - 2.1 Lazard Ltd 20 2.0 2,263 9 5 12.2-10.2 TOTAL 116,135 1,117 (Mln) COUNT 63,596 (Mln) COUNT 11

APAC M&A Regional Review M&A activity targeting the APAC region for the first 3Q2015 increased 48.2% to $702.8B compared to the same period last year. The Greater China region witnessed the highest deal volume in terms of any party involvement in APAC YTD, accounting for 54.9% of the APAC deal volume, up from 49.7% YoY. The top deal in APAC in the third quarter, Oil Search Ltd s announced takeover by Woodside Petroleum Ltd for $11.0B, was also the largest merger in the Australian oil and gas industry on record. Outbound APAC activity saw a 101.8% increase to $232.1B from last year, with 52.5% of the investment made to North America. Summary Date Target Acquirer Seller Number of deals 8,004 Volume (Bln.) $702.8 Avg Deal Size (Mln.) $87.8 Top Adviser Goldman Sachs & Co Number of deals 47 Volume (Bln.) $105.1 Avg Deal Size (Bln.) $2.2 4/20/2015 3/24/2015 APAC M&A: Highlights of 1st 3Q 2015 1/9/2015 Hutchison Whampoa Ltd CK Hutchison Holdings Ltd SK Holdings Co Ltd/Old China Overseas Land & Investment Ltd 5/26/2015 Samsung C&T Corp/Old Samsung C&T Corp - - Total Value (USD Mln.) SK Holdings Co Ltd - $26,731.5 China State Construction Engineering Corp Ltd $41,705.3 - $11,199.8 9/8/2015 Oil Search Ltd Woodside Petroleum Ltd - $10,957.1 $10,938.2 $400 $300 $200 $100 $0 $80 $60 $40 $20 $0 $200 $150 $100 $50 APAC M&A: Quarterly Volume Volume (Bln.) Australia/NZ M&A: Quarterly Volume Volume (Bln.) Greater China M&A: Quarterly Volume 4,000 3,000 2,000 1,000 0 600 400 200 0 2,000 1,500 1,000 500 Global M&A Review 1st 3Q2015 $0 0 APAC Industry Breakdown 5% 3% 7% 24% 8% 8% 13% 10% 11% 11% Financial Industrial APAC M&A: Breakdown Communications Consumer Non-cyclical Consumer Cyclical Energy Diversified Basic Materials Technology Utilities Deal Type (Bln.) % Change % YoY Change Company Takeover $388.3 14.8% 80.2% Cross Border $222.3 28.6% 17.4% Private Equity $98.7 69.8% 1.3% Asset Sale $71.8 6.6% -0.7% Tender Offer $29.0 5.4% -27.5% Venture Capital $27.0 156.2% 204.5% Spin-off $21.6 41.2% 45.1% Minority Purchase $123.2 61.1% 35.0% Majority Purchase $84.8 20.6% 29.8% Volume (Bln.) Japan M&A: Quarterly Volume $100 800 600 $50 400 200 $0 0 Volume (Bln.) Graphs represent any regional involvement (target, seller, or acquirer). 12

APAC Ex-Japan Announced Deals (Any Involvement) 01/01/2015-09/30/2015 APAC Ex-Japan Announced Deals (Target or Seller) 01/01/2015-09/30/2015 Goldman Sachs & Co 1 15.9 134,730 61 1 16.2-0.3 Goldman Sachs & Co 1 15.5 104,784 44 1 16.0-0.5 Morgan Stanley 2 14.5 122,475 64 2 11.5 3.0 Morgan Stanley 2 12.1 81,484 47 2 11.1 1.0 Bank of America Merrill Lynch 3 13.7 115,714 32 3 10.5 3.2 Somerley Group Ltd 3 11.2 75,717 37 9 5.8 5.5 Citigroup Inc 4 13.0 109,685 54 4 9.4 3.6 HSBC Bank PLC 4 11.0 74,140 13 21 3.0 8.0 JPMorgan Chase & Co 5 12.6 106,425 45 8 7.1 5.5 Credit Suisse Group AG 5 10.0 67,540 29 11 5.3 4.8 HSBC Bank PLC 6 12.5 105,430 18 22 2.6 9.8 Bank of America Merrill Lynch 6 8.9 59,915 22 3 9.4-0.6 Credit Suisse Group AG 7 11.9 100,491 38 7 7.5 4.4 Citigroup Inc 7 8.6 58,310 35 4 8.6 0.1 Deutsche Bank AG 8 11.4 96,824 32 5 8.9 2.5 CITIC Securities Co Ltd 8 7.8 52,652 38 6 8.2-0.4 Somerley Group Ltd 9 9.3 78,831 42 13 4.9 4.4 Deutsche Bank AG 9 7.7 51,910 25 5 8.4-0.7 Macquarie Group Ltd 10 6.6 55,954 41 11 5.1 1.5 JPMorgan Chase & Co 10 7.1 47,694 32 8 5.8 1.3 CITIC Securities Co Ltd 11 6.2 52,652 38 6 8.4-2.1 Anglo Chinese Corporate Finance 11 7.0 47,051 2 190-7.0 UBS AG 12 6.1 51,393 33 10 5.1 1.0 Macquarie Group Ltd 12 6.5 43,819 29 12 5.2 1.3 Anglo Chinese Corporate Finance 13 5.7 48,466 3 208-5.7 PricewaterhouseCoopers LLP 13 5.4 36,581 72 15 4.2 1.2 Barclays PLC 14 5.6 47,552 16 34 1.1 4.6 NH Investment & Securities Co Ltd 14 4.3 29,306 8 - - 4.3 PricewaterhouseCoopers LLP 15 4.8 40,334 83 18 3.6 1.2 Gresham Partners Ltd 15 4.0 27,282 10 24 2.4 1.6 Evercore Partners Inc 16 3.9 33,253 9 36 0.9 3.0 China International Capital Corp Ltd 16 3.5 23,847 18 7 6.1-2.6 Moelis & Co 17 3.9 32,894 10 65 0.3 3.6 JM Financial Ltd 17 3.5 23,554 10 35 0.9 2.6 NH Investment & Securities Co Ltd 18 3.5 29,306 8 - - 3.5 UBS AG 18 3.1 21,193 24 10 5.5-2.3 Gresham Partners Ltd 19 3.5 29,182 11 25 2.1 1.4 Axis Bank Ltd 19 2.9 19,258 7 122 0.1 2.8 Rothschild Ltd 20 3.3 28,055 29 14 3.8-0.5 Haitong Securities Co Ltd 20 2.8 18,812 14 19 3.2-0.4 TOTAL 846,790 8,137 535,539 TOTAL 674,934 6,908 APAC Private Equity (Any Involvement) 01/01/2015-09/30/2015 Morgan Stanley 1 21.4 35,317 25 2 22.1-0.7 Citigroup Inc 2 20.2 33,233 21 8 11.4 8.7 JPMorgan Chase & Co 3 19.6 32,329 14 11 9.4 10.2 Bank of America Merrill Lynch 4 18.9 31,178 13 3 22.1-3.1 Macquarie Group Ltd 5 13.4 22,089 15 14 6.9 6.5 Goldman Sachs & Co 6 12.2 20,123 19 1 32.7-20.5 Deutsche Bank AG 7 11.8 19,406 12 4 21.4-9.7 Moelis & Co 8 10.0 16,542 5 43 0.4 9.7 UBS AG 9 9.6 15,900 9 12 8.6 1.0 Credit Suisse Group AG 10 8.7 14,256 9 7 12.6-4.0 Gresham Partners Ltd 11 7.1 11,768 4 45 0.3 6.8 HSBC Bank PLC 12 7.0 11,581 5 20 4.5 2.5 Rothschild Ltd 13 6.8 11,184 11 13 7.4-0.6 CITIC Securities Co Ltd 14 5.1 8,430 1 6 14.0-8.9 Barclays PLC 15 4.8 7,962 9 24 1.8 3.1 PricewaterhouseCoopers LLP 16 3.6 5,980 10 26 1.3 2.3 Wells Fargo & Co 17 3.0 4,911 4 - - 3.0 China Renaissance Partners 18 2.9 4,824 8 22 2.0 0.9 Centerview Partners LLC 19 2.6 4,200 2 36 0.7 1.9 Kimberlite Group LLC 19 2.6 4,200 1 - - 2.6 TOTAL 164,869 1,685 (Mln) COUNT (Mln) COUNT 124,854 2015 VOLUME USD (Mln) DEAL COUNT 2014 454,557 13

AU & NZ Announced Deals (Any Involvement) 01/01/2015-09/30/2015 Japan Announced Deals (Any Involvement) 01/01/2015-09/30/2015 Macquarie Group Ltd 1 30.5 32,835 32 2 21.8 8.7 Nomura Holdings Inc 1 26.6 35,312 90 4 14.2 12.5 Bank of America Merrill Lynch 2 30.3 32,539 9 7 13.0 17.2 Morgan Stanley 2 24.5 32,440 35 1 40.4-15.9 Gresham Partners Ltd 3 27.1 29,182 11 9 11.1 16.0 Mizuho Financial Group Inc 3 21.3 28,289 74 11 3.9 17.5 UBS AG 4 19.6 21,109 19 4 16.4 3.3 Goldman Sachs & Co 4 18.9 25,105 14 6 12.8 6.1 Morgan Stanley 5 18.6 19,954 10 11 10.8 7.8 JPMorgan Chase & Co 5 16.9 22,359 13 7 11.0 5.9 Goldman Sachs & Co 6 17.4 18,703 21 1 36.0-18.6 Bank of America Merrill Lynch 6 14.4 19,024 15 16 1.9 12.5 Citigroup Inc 7 17.3 18,556 11 8 13.0 4.3 Lazard Ltd 7 12.4 16,394 10 27 0.5 11.9 Grant Samuel Securities Pty Ltd 8 13.3 14,294 5 3 17.8-4.5 Citigroup Inc 8 11.5 15,172 18 9 5.9 5.6 Deutsche Bank AG 9 13.1 14,116 9 6 13.1 - Evercore Partners Inc 9 11.0 14,549 6 19 1.3 9.7 Moelis & Co 10 12.4 13,386 7 36 0.3 12.1 Sumitomo Mitsui Financial Group Inc 10 9.6 12,689 98 5 13.3-3.8 JPMorgan Chase & Co 11 11.0 11,873 5 14 7.0 4.1 CITIC Securities Co Ltd 11 8.0 10,556 3 - - 8.0 Luminis Partners 12 10.3 11,125 2 - - 10.3 Somerley Group Ltd 12 7.8 10,356 2 - - 7.8 Credit Suisse Group AG 13 9.8 10,489 8 5 14.0-4.2 Credit Suisse Group AG 13 7.2 9,598 5 2 20.0-12.8 CIBC 14 7.4 7,926 2 - - 7.4 Rothschild Ltd 14 6.4 8,505 7 24 0.8 5.6 BMO Capital Markets Corp 15 6.4 6,900 1 12 7.6-1.2 Deutsche Bank AG 15 5.0 6,682 5 14 2.2 2.9 Barclays PLC 15 6.4 6,900 3 42 0.2 6.2 Gresham Partners Ltd 16 4.7 6,271 1 - - 4.7 INFOR Financial Group Inc 15 6.4 6,900 1 - - 6.4 Grant Samuel Securities Pty Ltd 16 4.7 6,271 1 - - 4.7 Lazard Ltd 18 5.9 6,309 3 10 11.1-5.3 Daiwa Securities Group Inc 18 3.2 4,208 31 8 6.0-2.8 Mizuho Financial Group Inc 19 5.8 6,271 2 - - 5.8 Deloitte Touche Tohmatsu ILA Group Ltd 19 2.7 3,631 31 22 1.0 1.8 Centerview Partners LLC 20 3.9 4,200 1 - - 3.9 KPMG Corporate Finance LLC 20 2.4 3,232 21 10 5.1-2.6 TOTAL 107,579 1,321 99,716 TOTAL 132,556 1,995 82,283 South Korea Announced Deals (Any Involvement) 01/01/2015-09/30/2015 China Announced Deals (Any Involvement) 01/01/2015-09/30/2015 (Mln) COUNT (Mln) COUNT Goldman Sachs & Co 1 45.5 39,038 5 12 2.4 43.2 CITIC Securities Co Ltd 1 13.2 52,652 38 1 18.8-5.6 Morgan Stanley 2 45.0 38,603 7 3 12.0 33.0 JPMorgan Chase & Co 2 10.0 39,716 15 9 8.0 2.0 Credit Suisse Group AG 3 43.9 37,670 2 8 4.4 39.6 Somerley Group Ltd 3 8.6 34,061 23 7 8.8-0.2 Citigroup Inc 4 39.4 33,772 6 2 13.3 26.0 Morgan Stanley 4 7.8 31,028 29 3 14.4-6.6 Deutsche Bank AG 5 39.2 33,594 5 5 9.5 29.6 Bank of America Merrill Lynch 5 7.6 30,207 11 4 13.2-5.6 PricewaterhouseCoopers LLP 6 36.8 31,562 37 7 7.3 29.5 China International Capital Corp Ltd 6 6.0 23,882 20 6 12.5-6.5 NH Investment & Securities Co Ltd 7 34.2 29,306 8 - - 34.2 HSBC Bank PLC 7 5.4 21,295 7 33 0.9 4.5 KPMG Corporate Finance LLC 8 14.0 11,998 10 4 9.9 4.1 Haitong Securities Co Ltd 8 4.7 18,812 14 11 6.2-1.4 Samsung Securities Co Ltd 9 13.9 11,884 5 1 17.9-4.0 Huatai Securities Co Ltd 9 4.7 18,556 26 14 4.0 0.7 HSBC Bank PLC 10 7.1 6,120 1 - - 7.1 Goldman Sachs & Co 10 4.6 18,342 16 2 15.3-10.7 Barclays PLC 10 7.1 6,120 1 - - 7.1 Rothschild Ltd 11 4.4 17,325 9 24 1.5 2.8 JPMorgan Chase & Co 12 3.0 2,590 6 13 2.3 0.7 Credit Suisse Group AG 12 4.1 16,221 12 12 6.0-1.9 Hana Financial Group Inc 13 2.3 1,936 2 28 0.1 2.2 Southwest Securities Co Ltd 13 3.6 14,432 29 21 2.0 1.7 Ernst & Young 14 1.6 1,403 11 17 0.6 1.0 GF Securities Co Ltd 14 3.6 14,233 21 34 0.8 2.8 CBRE Capital Advisors Inc 15 1.4 1,200 1 - - 1.4 Deutsche Bank AG 15 3.6 14,153 14 5 12.7-9.2 Mitsubishi UFJ Financial Group Inc 16 1.2 1,000 1 - - 1.2 Citigroup Inc 16 2.9 11,429 18 10 6.2-3.3 Standard Chartered Bank 17 0.9 756 2 23 0.1 0.8 Lazard Ltd 17 2.9 11,378 5 16 3.8-0.9 Bank of America Merrill Lynch 18 0.9 755 1 11 2.7-1.8 Nomura Holdings Inc 18 2.8 11,018 9 27 1.1 1.7 Korea Development Bank/The 19 0.7 582 2 - - 0.7 Mizuho Financial Group Inc 19 2.8 10,980 5 - - 2.8 Nomura Holdings Inc 20 0.6 506 3 16 0.7-0.1 Guotai Junan Securities Co Ltd 20 2.5 9,769 17 17 3.8-1.3 TOTAL 85,774 945 73,670 TOTAL 397,692 2,859 238,249 (Mln) COUNT (Mln) COUNT 14

Hong Kong Announced Deals (Any Involvement) 01/01/2015-09/30/2015 Taiwan Announced Deals (Any Involvement) 01/01/2015-09/30/2015 (Mln) COUNT HSBC Bank PLC 1 47.6 76,760 8 10 8.4 39.1 Morgan Stanley 1 25.9 3,980 7 2 23.1 2.8 Goldman Sachs & Co 2 34.5 55,724 10 1 43.0-8.5 Credit Suisse Group AG 2 12.1 1,852 3 11 3.2 8.9 Anglo Chinese Corporate Finance 3 30.0 48,466 3 79 0.0 30.0 PricewaterhouseCoopers LLP 3 10.0 1,539 6 9 5.4 4.6 Somerley Group Ltd 4 29.3 47,266 32 12 7.2 22.1 JPMorgan Chase & Co 4 9.3 1,422 3 - - 9.3 Morgan Stanley 5 14.7 23,648 13 8 15.4-0.8 Citigroup Inc 5 8.3 1,279 3 5 8.7-0.3 Moelis & Co 6 12.0 19,405 2 99-12.0 KGI Securities Co Ltd 6 8.2 1,255 7 4 10.8-2.6 UBS AG 7 10.4 16,766 4 16 5.5 4.9 CBRE Capital Advisors Inc 7 5.9 903 1 - - 5.9 JPMorgan Chase & Co 8 8.4 13,554 9 7 17.3-8.9 Yuanta Securities Co Ltd 8 4.2 648 4 1 23.9-19.7 CITIC Securities Co Ltd 9 6.7 10,851 7 5 23.4-16.7 Goldman Sachs & Co 9 4.2 640 2 6 6.2-2.0 Bank of America Merrill Lynch 10 4.7 7,601 3 2 36.2-31.4 Stifel Financial Corp 10 3.3 512 1 16 0.6 2.7 Deutsche Bank AG 11 3.2 5,183 4 3 30.6-27.4 Rothschild Ltd 11 2.7 411 1 25-2.7 Rothschild Ltd 12 2.6 4,199 3 34 0.6 2.1 Ernst & Young 12 1.3 200 1 - - 1.3 Macquarie Group Ltd 13 2.4 3,941 2 48 0.2 2.2 KPMG Corporate Finance LLC 13 0.7 113 2 8 5.5-4.8 RBC Capital Markets 14 2.4 3,788 1 37 0.5 1.9 Lazard Ltd 14 0.7 100 1 - - 0.7 Citigroup Inc 14 2.4 3,788 4 4 25.0-22.7 Optima Capital Ltd 15 0.5 77 1 - - 0.5 Credit Suisse Group AG 16 2.2 3,501 4 9 11.4-9.2 Asia Capital PLC/Sri Lanka 15 0.5 77 1 - - 0.5 Standard Chartered Bank 17 1.4 2,209 4 32 0.6 0.8 Somerley Group Ltd 15 0.5 77 1 22 0.2 0.4 Perella Weinberg Partners LP 18 1.0 1,605 2 - - 1.0 CTBC Financial Holding Co Ltd 18 0.2 31 1 20 0.3-0.1 Barclays PLC 19 0.9 1,458 1 50 0.2 0.7 Kingston Financial Group Ltd 19 0.1 20 2 - - 0.1 Gram Capital Ltd 20 0.7 1,110 14 20 3.4-2.7 REORIENT Financial Markets Ltd 19 0.1 20 2 - - 0.1 TOTAL 161,365 1,085 104,780 TOTAL 15,350 177 11,583 SE Asia Announced Deals (Any Involvement) 01/01/2015-09/30/2015 India Announced Deals (Any Involvement) 01/01/2015-09/30/2015 (Mln) COUNT Bank of America Merrill Lynch 1 44.6 60,648 10 4 14.2 30.4 JM Financial Ltd 1 41.9 23,554 10 4 13.9 28.0 JPMorgan Chase & Co 2 41.2 56,066 14 5 13.1 28.2 Axis Bank Ltd 2 34.2 19,258 7 29 0.9 33.3 Citigroup Inc 3 29.9 40,676 7 6 12.7 17.2 Macquarie Group Ltd 3 32.9 18,488 2 10 7.6 25.3 Deutsche Bank AG 4 29.6 40,206 3 7 9.6 20.0 Citigroup Inc 4 11.9 6,687 9 1 27.9-16.0 Credit Suisse Group AG 5 29.4 40,028 15 1 18.2 11.2 Bank of America Merrill Lynch 5 8.1 4,535 3 3 16.0-7.9 Barclays PLC 6 27.9 37,927 9 41 0.6 27.3 Morgan Stanley 6 6.3 3,535 4 17 3.0 3.3 Evercore Partners Inc 7 23.2 31,607 6 38 0.7 22.5 JPMorgan Chase & Co 7 5.9 3,295 4 18 2.7 3.2 Morgan Stanley 8 11.8 16,060 9 11 7.8 4.0 VTB Capital ZAO 8 5.7 3,200 1 26 1.1 4.6 HSBC Bank PLC 9 8.9 12,041 8 15 6.1 2.8 Walker Chandiok & Co 9 4.5 2,524 2 - - 4.5 Nomura Holdings Inc 10 8.6 11,739 6 13 6.8 1.9 PricewaterhouseCoopers LLP 10 4.3 2,410 5 38 0.2 4.1 Mizuho Financial Group Inc 11 7.6 10,356 4 74 0.1 7.6 Lazard Ltd 11 4.1 2,325 4 56-4.1 Somerley Group Ltd 11 7.6 10,356 2 16 4.7 2.9 Tudor Pickering Holt & Co 12 3.8 2,150 1 - - 3.8 CITIC Securities Co Ltd 11 7.6 10,356 2 59 0.2 7.4 KPMG Corporate Finance LLC 13 3.7 2,080 17 20 2.3 1.4 UBS AG 14 6.4 8,635 4 19 2.7 3.7 Arpwood Capital Pvt Ltd 14 3.4 1,903 2 - - 3.4 Goldman Sachs & Co 15 4.9 6,709 10 2 17.5-12.5 Credit Suisse Group AG 15 2.9 1,650 3 22 1.7 1.2 Rothschild Ltd 16 3.7 5,025 6 9 8.6-4.9 Standard Chartered Bank 16 2.9 1,641 2 14 4.9-2.0 Moelis & Co 17 3.2 4,280 2 43 0.6 2.6 Shardul Amarchand Mangaldas & Co 17 2.9 1,610 12 - - 2.9 DBS Group Holdings Ltd 18 3.0 4,017 8 3 16.5-13.5 Goldman Sachs & Co 18 2.8 1,589 8 5 13.7-10.9 China Renaissance Partners 19 2.9 3,974 4 - - 2.9 Ernst & Young 19 2.7 1,529 23 13 5.8-3.1 KPMG Corporate Finance LLC 20 2.6 3,546 7 10 8.2-5.6 Deutsche Bank AG 20 2.2 1,258 2 31 0.6 1.6 TOTAL 136,005 1,521 105,953 TOTAL 56,240 1,255 30,135 (Mln) COUNT (Mln) COUNT 15

Bloomberg League Criteria Announced Global League Tables are based upon announced total values, unless otherwise stated in the title. Non-US dollar values are converted to US dollars at the time of announcement. Credit will be given to transactions in which Bloomberg classifies as mergers, acquisitions, divestitures, self-tenders, or spin-offs. Regional and industry League Tables will be based on the country of risk and industry of the ultimate publicly traded parent of a privately held company where applicable. Advisors to any member of an investor group, consortium, or joint venture are eligible for full credit. Advisory fees hold no weight over advisory credit. General Database Criteria A transaction is considered to have been announced upon the release of terms offered by the acquirer, and acknowledgement of the offer by the target company. Deals that are considered to be in proposed status will not be granted credit. Full versions of Bloomberg s League Tables Standards & Guidelines can be accessed on Bloomberg Professional: {LPHP MA:0:1 2841628<GO>}. Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service. 16