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cy of research, client feedback, competitive factors, and overall firm revenues. Other Disclosures J.P. Morgan ("1PM") is the global brand name for J.P. Morgan Securities LLC ("JPMS") and its affiliates worldwide. J.P. Morgan Cazenove is a marketing name for the U.K. investment banking businesses and EMEA cash equities an
S) [MCI (P)199/03/2014 and Co. Rcg. No.: 199405335R] which is a member of the Singapore Exchange Securities Trading Limited and is regulated by the Monetary Authority of Singapore (MAS) and/or JPMorgan Chase Bank, N.A., Singapore branch (JPMCB Singapore) which is regulated by the MAS. This material is provided in Singapore onl
the Street's $1.88 (range of $1.76.2.08). Overweight HTZ, HTZ US Price: $28.37 13 May 2014 Leisure Kevin Milota AC Bloomberg JPMA MILOTA <GO> J.P. Morgan Securities LLC See page 2 for analyst certification and important disclosures. J.P. Morgan does and seeks to do business with companies covered in its research re
S) [ma (P) 199/03/2014 and Co. Reg. No.: 199405335R1 which is a member of the Singapore Exchange Securities Trading Limited and is regulated by the Monetary Authority of Singapore (MAS) and/or JPMorgan Chase Bank, N.A., Singapore branch (JPMCB Singapore) which is regulated by the MAS. This material is provided in Singapore onl
cy of research, client feedback, competitive factors, and overall firm revenues. Other Disclosures J.P. Morgan ("JPM") is the global brand name for J.P. Morgan Securities LLC ("JPMS") and its affiliates worldwide. J.P. Morgan Cazenove is a marketing name for the U.K. investment banking businesses and EMEA cash equities an
S) [ma (P) 199,0312014 and Co. Reg. No.: 199405335R] which is a member of the Singapore Exchange Securities Trading Limited and is regulated by the Monetary Authority of Singapore (MAS) and/or JPMorgan Chase Bank, N.A., Singapore branch (JPMCB Singapore) which is regulated by the MAS. This material is provided in Singapore onl
.00 Previous: $77.00 Oil Services and Equipment J. David Anderson, PE, CFA AC Bloomberg JPMA ANDERSON <GO' William S Thompson Samantha Hoh, CFA J.P. Morgan Securities LLC Price Performance 70 * Asia 10.13 Neal INM4 Me — HAL sten Oa (0.1 StP500 (teemed) YID 1m 3m 12m Ate I 33.9% SA% 20.1% 59.2% Rel I 234%
) [ma (P) 199/03/2014 and Co. Reg. No.: 199405335121 which is a member of the Singapore Exchange Securities Trading Limited and is regulated by the Monetary Authority of Singapore (MAS) and/or JPMorgan Chase Bank, N.A., Singapore branch (JPMCB Singapore) which is regulated by the MAS. This material is provided in Singapore onl
res 7 EFTA00293654 Jose h B. Nadel II North America Equity Research 24 April 2014 J.P.Morgan J.P. Morgan ("JPM") is the global brand name for J.P. Morgan Securities LLC ("JPMS") and its affiliates worldwide. J.P. Morgan Cazenove is a marketing name for the U.K. investment banking businesses and EMEA cash equities an
) [MCI (P) 199/03/2014 and Co. Reg. No.: 199405335R] which is a member of the Singapore Exchange Securities Trading Limited and is regulated by the Monetary Authority of Singapore (MAS) and/or JPMorgan Chase Bank, N.A., Singapore branch (JPMCB Singapore) which is regulated by the MAS. This material is provided in Singapore onl
08 May 2014 Overweight CAR, CAR US Price: $51.79 A Price Target: $59.00 Previous: $53.00 Leisure Kevin Milota AC Bloomberg JPMA MILOTA <GO> J.P. Morgan Securities LLC 002 AIM — kiln brit - CAB slim pea g) - RTY porn YID 1m 3m 12rn Abe 44.8% .05% -62% 73.6% Rel 182% 4.5% -12.1% 37.7% Company Da
S) (ma (P) 199/03/2014 and Co. Reg. No.: 199405335R) which is a member of the Singapore Exchange Securities Trading Limited and is regulated by the Monetary Authority of Singapore (MAS) and/or JPMorgan Chase Bank, N.A., Singapore branch (JPMCB Singapore) which is regulated by the MAS. This material is provided in Singapore onl
Entities connected to both J.P. Morgan Securities LLC and Monetary Authority of Singapore

JPMorgan Chase
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
New Zealand
LOCATION
Malaysia
LOCATION
Frankfurt
LOCATIONJapan Investment Advisers Association
ORGANIZATIONKanto Local Finance Bureau
ORGANIZATIONthe Securities and Exchange Commission
ORGANIZATION
Philippines
LOCATIONthe Securities Commission
ORGANIZATIONthe Capital Market Authority
ORGANIZATIONthe Taiwan Securities and Futures Bureau
ORGANIZATIONthe Stock Exchange of Thailand
ORGANIZATIONthe Philippine Stock Exchange
ORGANIZATION
Mumbai
LOCATIONthe Central Bank of Brazil
ORGANIZATION
the Ministry of Finance
ORGANIZATIONThe Financial Futures Association of Japan
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATION