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iate and analyst employed by that affiliate contributing to this report, if any. follows. UBS Securities LLC: David E. Strauss; Cristina Fernandez: Darryl Genovesi. UBS Securities Canada Inc: Tasneem Azim. Company Disclosures Company Name Reuters 12-mo rating Short-term rating Price Price date General Dyn
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
1./IrnMr - nanglkIna tn :44 0 UBS Business Jet Market Index —' Rel Pte (RHS) 10 David E. Strauss Analyst Pane strausstguts can .1-212-713 6185 Darryl Genovesi Analyst Offs., genovesigute corn .1-212-713 4016 Ryan Thackston Associate Analyst ryan Macaston@ubs corn .1412413 3321 4; fl $7 .' 7 a' ing
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.,
vestmentreseatch David E. Strauss Anato daed strainsktubs Qom .1-212.7136185 Cristina Fernandez Anaysl cnsmalemancleziNosoom •1.212.713 3321 Darryl Genovesi Asscoate Anatol darrytgenovesigubs corn •1.212.7134016 Tasneem Azim Assooate Anatest tasneemiazenVis corn .1416-814 3678 Chart 1: UBS Business
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 Darryl Genovesi and UBS Business Jel Survey
Core Banding Exceptions
ORGANIZATIONEuropean Investment Fund
ORGANIZATIONDavid E. Strauss
PERSON
Review
ORGANIZATIONthe Valuation and Risk
ORGANIZATIONDoug 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
ORGANIZATIONBombardier Inc.
ORGANIZATIONCessna
ORGANIZATION