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Investment Strategy
he express written consent of BofA Merrill Lynch. BofA Merril sed on public i | Lynch, including investment ba
(Indonesia): PT Merrill Lynch Indonesia, regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill
Page: HOUSE_OVERSIGHT_014408 →(Indonesia): PT Merrill Lynch Indonesia, regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill
Page: HOUSE_OVERSIGHT_014429 →in jo security, finance! by the U.K. regulatory regime, including the Financial Services Scheme, do not apply in general to business coordinated by BofA Merrill are described at http://go.bofa.com/coi. ments linked to securities that may have been recommended in this report. MLPF&S or one of its instruments
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Page: HOUSE_OVERSIGHT_014650 →t of In the event therewith quity securities o he implementation rt. °o uding ADRs, effectively assume currency risk. de of the United Kingdom. BofA Merrill h h @ persons who prepared them, and Bo is report. LPF&S may be deemed beyond the delivery of this report (unless otherwise agreed 5| transactio
Page: HOUSE_OVERSIGHT_014651 →Estimate Change
errill Lynch Securities (Taiwan) Ltd., regulated by the Securities and Futures Bureau; DSP Merrill Lynch (India): Lynch Israel Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russi DIFC}: Merrill Lynch International (DIFC Br
Page: HOUSE_OVERSIGHT_014885 →errill Lynch Global Research and certain busin research reports. To the extent this report discusses ou oO professionals in other business areas of BofA Merrill 5 report containing such rating, recommendation or in Any information relating to the tax status of financia seek tax advice based on their particul
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Page: HOUSE_OVERSIGHT_026002 →ons, conclusion, or information con an authorized officer of BofA Merrill Lynch. ed in this material | Lynch, including investment banking personnel. BofA Merrill jons that are inconsistent rames, assumptions, views and analytical ‘0 the attention of any and in connection ly and does not extend with the execu
Page: HOUSE_OVERSIGHT_026003 →Entities connected to both Israel Securities Authority and BofA Merrill

Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATION
Donald Trump
PERSONMerchant Bank
ORGANIZATION
United Kingdom
LOCATION
Seoul
LOCATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATION
the Financial Services Agency
ORGANIZATION
Michael Bloomberg
PERSONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONBank of America Merrill Lynch International Limited
ORGANIZATIONBaFin
ORGANIZATION
Frankfurt
LOCATION
BofA Merrill Lynch
ORGANIZATIONMerrill Lynch International
ORGANIZATION