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EFTA01840639

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ange in the fundamental view or investment case. Equity Price Targets have an investment horizon of 12 months. EXCEPTIONS AND SPECIAL CASES UK and European Investment Fund ratings and definitions are: Buy: Positive on factors such as structure, management, performance record, discount; Neutral: Neutral on factors such

interest in the small cabin class relative to midsize. Chart 14: Cabin Class with Most Buyer Interest, January 2012 till ilithl2e Cabin 14% \ Large Cabin 72% Source: UBS Business Jet Survey JE.S EFTA_R1_00225645 EFTA01840646 UN Business Jet Survey 2 Fettuary 2012 Pricing In the next question,

re asked to indicate the class of aircraft in which they were seeing the most interest from potential buyers. Respondents were asked to choose from Large Cabin, Midsize Cabin or Small Cabin. Of the 118 responses (43 participants did not respond to this question). 72% indicated they were seeing the stronges

EFTA02443877

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re asked to indicate the class of aircraft in which they were seeing the most interest from potential buyers. Respondents were asked to choose from Large Cabin, Midsize Cabin or Small Cabin. Of the III responses (39 participants did not respond to this question). 62% indicated they were seeing the stronges

cabin aircraft, 12% indicated midsize and 17% indicated small cabin. Chart 18: Cabin Class with Strongest Pricing. March 2010 Melsee Cabtn 8% 41 Large Cabin 75% Source. U8S Busness Jet Sunray #44 UBS9 EFTA_R1_01519451 EFTA02443885 UBS Business Jet Survey 24 Mach 2010 12-Month Outlook In the next

EFTA02411799

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re asked to indicate the class of aircraft in which they were seeing the most interest from potential buyers. Respondents were asked to choose from Large Cabin, Midsize Cabin or Small Cabin. Of the III responses (39 participants did not respond to this question). 62% indicated they were seeing the stronges