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le for this report has reviewed the material operations of the issuer and/or met with senior management. Unless otherwise indicated, please refer to the Valuation and Risk sections within the body of this report. General Dynamics Corp. (USE) Abe Target CUSS) — Stock erce CUSS) I / g I 4 4 4 0 ' • 4 '1 4 4 4
DealenBrdcer Financier 59% 17% Note: Other ndudes appraisers, fractional providers. management charter, FBO and MRO service providers. Source: UBS Business Jel Survey N44 The majority of our participants are located in North America (75%), although most transact a significant proportion of their business with for
prior month's end if this report is dated less than 10 working days after the most recent month's end). Unless otherwise indicated, please refer to the Valuation and Risk sections within the body of this report. General Dynamics Corp. (US$) — Pita Tamil (US$) Stook Rb CUSS) 120- WO- 60" 40- 2r l l l l l i l grl
6: Business Jet Market Survey • Participant Location Lain America 2% Middle East & Africa 2% Europe 21% Asia a Pacific 1% MA Mina 74% Son: UBS Business Jel Survey jE,S 4 EFTA_R1_00225641 EFTA01840642 UN Business at Suntey 2 February2012 While the majority of ow survey participants arc located in the U.S.,
le for this report has reviewed the material operations of the issuer and/or met with senior management. Unless otherwise indicated, please refer to the Valuation and Risk sections within the body of this report. General Dynamics Corp. (USS) — Pee Tergel (US$) — Sate Prim iuSS) Say 2 Neutral No Ratng Source: UBS
Dealenfiroker Financier 59% 17% Note: Other ndudes appraisers, fractional providers. management chartee, FBO and MRO service providers. Source: UBS Business Jel Survey N44 The majority of our participants are located in North America (75%), although most transact a significant proportion of their business with for
Entities connected to both the Valuation and Risk and UBS Business Jel Survey
Core Banding Exceptions
ORGANIZATIONEuropean Investment Fund
ORGANIZATIONDarryl Genovesi
PERSON
Review
ORGANIZATIONDavid E. Strauss
PERSONDoug Band
PERSONGeneral Dynamics Corp.
ORGANIZATIONEmbraer
ORGANIZATION
Textron
ORGANIZATIONTextron Inc.
ORGANIZATIONGlobal Equity Research
ORGANIZATIONUBS Business Jet
ORGANIZATIONUBS Laded
ORGANIZATION
UBS AG
ORGANIZATIONBusiness Conditions
ORGANIZATIONLarge Cabin
PERSONUBS Securities LLC
ORGANIZATION
General Dynamics
ORGANIZATION
Europe
LOCATIONCessna
ORGANIZATION