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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
Page: HOUSE_OVERSIGHT_014430 →sits or other among others, m instruments may income from suc lose their entire principal inves Futures and options are not ap disclosure documents. Investmen BofA Merrill Lyne action may be limited by regulations p executing any short idea contained in Foreign currency rates of exchange may adversely affec
Page: HOUSE_OVERSIGHT_014430 →Investment Strategy
ities o return expectation and attractiveness for investmen ock's fundamental equi he implemen action may be
rch personnel are based on information known to, professionals in other business areas of BofA Merrill Lynch, including investment banking personnel. BofA Merrill Research and certain business groups. As a resul research reports. To the extent this report discusses any legal proceeding or issue , BofA her off
Page: HOUSE_OVERSIGHT_014458 →are dif return expectation and attractiveness for investmen ock's fundamental equi eign currency rates of ex
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 →are dif return expectation and attractiveness for investmen ock's fundamental equity rating. e for all invest
eutsche Bank, ING Group, LPF&S together with its affiliates ownership position on he report: BNP Paribas The issuer is or was, wi ntesa, Santander. BofA Merrill Corporation, inc ved , Deutsche Bi hin the last ysts responsible for covering iliate was a manager of a pub compensa compensa ceive or in ntesa,
Page: HOUSE_OVERSIGHT_014999 →Entities connected to both BofA Merrill and Investmen

Donald Trump
PERSON
BofA Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATION
Merrill Lynch
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Bank of America Corporation
ORGANIZATION
United Kingdom
LOCATION
Michael Bloomberg
PERSONMerchant Bank
ORGANIZATIONThe Financial Service Board
ORGANIZATIONILynch
ORGANIZATIONBaFin
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATION
Merri
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATION
Frankfurt
LOCATION
Seoul
LOCATIONthe Financial Supervisory Service
ORGANIZATION