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razil Kong SARI Korea China Federatto n OTC) 3,697 3,354 1,263 1,230 3,000 3,500 4,000 Mexico 1,108 1,180 875 525 Singaporei Saudi Arabia 414 373 At approximately US$3.3 trillion, the combined market capitalization of exchange-traded US Small & Micro Gaps and OTC equities is compara
ndexes Performance 350 300 250 0 • • e oc)% eeee e e % % 4, —Micro Index em•BA-Growth + . 1*(1.01-Value Russell Mierocap Value Index (M-Value) Russell Microcap Growth Index (M-Growth) wcaov alc.3,Ova:cke-synaoc rtnir,ROG - -a Lacer freed Reuters tiler Syrrtd :. 'o0 average market cap
3,500 4,000 China US (Small & Micro Cap + OTC) India Brazil Hong Kong SAR, China Korea Russian Federatio in Mexico Singapore Saudi Arabia ion 3,697 3,354 1,263 1,230 1,108 1,180 875 525 414 373 At approximately US$3.3 trillion, the combined market capitalization of exchange-t
Within the Microcap sector, Value stocks have consistently outperformed Growth stocks in both up and down markets Russell Microcap Value Index (M-Value) Russell Microcap Growth Index (M-Growth) Bloomberg ticker symbo RMICROV Bloomberg tcker symbol RIVICROG Reuters ticker symbol Reuters ticker s
3,500 4,000 China US (Small &Mic ro Cap + OTC) India Brazil Hong Kong SAR, China Korea Russian Federatio in Mexico Singapore Saudi Arabia ion 3,697 3,354 1,263 1,230 1,108 1,180 875 525 414 373 At approximately US$3.3 trillion, the combined market capitalization of exchange-t
0 150 100 so 0 cfP cridg' vsk dr co e ,ss.% do• rt. 1. 'V rt. 11. 'V "t• 11. t•Micro index M -Value Russell Microcap Value Index (M-Value) Russell Microcap Growth Index (M-Growth) Bloomberg ticker symbo RMICROV Bloomberg ticker symool RMICROG Reuters ticker symbol Reuters boar sym
Entities connected to both Arabia and M-Value

Bloomberg L.P.
ORGANIZATION
Hong Kong
LOCATION
Anne Hathaway
PERSON
Yale University
ORGANIZATION
Galloway
PERSONRodman & Renshaw
ORGANIZATIONING Barings
ORGANIZATION
Rudy Giuliani
PERSONYorkville
LOCATIONEugene Kim
PERSONGalloway Partners
ORGANIZATIONthe Tech/Telcom
ORGANIZATIONConsumer Retail
ORGANIZATIONHealthcare Services and Business Services
ORGANIZATIONthe Small and Micro
ORGANIZATIONLISTCO
ORGANIZATIONMgmt Co.
ORGANIZATIONUltra Micro
ORGANIZATIONEmpire Capital
ORGANIZATIONthe Small & Mid Cap
ORGANIZATION