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: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
t-up of the first of two major developments — the North Malay basin gas play in 3Q17, putting Hess back on
jaws in the United Kingdom; GSSP is regulated by the Monetary Authority of Singapore under Singaporean laws; and GSALLC is re
ain impact. North Korean Belligerence Continues: North Korea’s unpredictable and belligerent military ac
ropean banks. We prefer small-/mid-cap buyouts in North America given the better economic outlook vs. Eur
al adviser under the Singapore Financial Advisers Act (Cap. 110) and a wholesale bank licensed under the Singapore Banking Act (Cap. 19) regulated by the Monetary Authority of Singapore, in respect of any matters arising from, or in connection with, the analysis or report. Spain: This publication is distributed to clients of UBS Bank
Page: HOUSE_OVERSIGHT_025290 →Entities connected to both The Monetary Authority of Singapore and North

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