the Comissao de Valores Mobiliarios
ORGANIZATIONJapan Securities Investment Advisers Association
ORGANIZATION3
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s a member of the Philippine Stock Exchange and is regulated by the Securities and Exchange Commission. Brazil: Banco E. MorgLm S.A. is regulated by the Comissao de Valores Mobiliarios (CVM) and by the Central Bank of Brazil. Mexico: E. Morgan Casa dc Boise, S.A. de C.V., E. Morgan Gmpo Financiers is a member of the Mexican Stock E
Association / Japan Securities Dealers Association, The Financial Futures Association of Japan, Type II Financial Instruments Firms Association and Japan Securities Investment Advisers Association. Korea: This report may have been edited or contributed to from time to time by affiliates of M. Morgan Securities (Far East) Ltd, Seoul Branch. Sin
is a member of the Philippine Stock Exchange and is regulated by the Securities and Exchange Commission. Brazil: Banco. Morgan S.A. is regulated by the Comissao de Valores Mobiliarios (CVM) and by the Central Bank of Brazil. Mexico: 58 EFTA00606216 Dave Katz. CFA North America Credit Research 16 February 2012 J.P.Morgan Mor
Association / Japan Securities Dealers Association, The Financial Futures Association of Japan, Type II Financial Instruments Firms Association and Japan Securities Investment Advisers Association. Korea: This report may have been edited or contributed to from time to time by affiliates of M. Morgan Securities (Far East) Ltd, Seoul Branch. Sin
a member of the Philippine Stock Exchange and is regulated by the Securities and Exchange Commission. Brazil: Banco J.P. Morgan S.A. is regulated by the Comissao de Valores Mobiliarios (CVNI) and by the Central Bank of Brazil. Mexico: J.P. Morgan Casa de Boise. S.A. de C.V., l.P. Morgan Grupo Financiero is a member of the Mexican S
Association / Japan Securities Dealers Association. The Financial Futures Association of Japan. Type II Financial Instruments Finns Association and Japan Securities Investment Advisers Association. Korea: This report may have been edited or contributed to from time to time by affiliates ofJ.P. Morgan Securities (Far Fast) Ltd, Seoul Branch. Si
Entities connected to both the Comissao de Valores Mobiliarios and Japan Securities Investment Advisers Association
the Stock Exchange of Thailand
ORGANIZATIONthe Taiwan Securities and Futures Bureau
ORGANIZATIONBombay Stock Exchange Limited
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATIONthe BAPEPAM LK
ORGANIZATIONthe Philippine Stock Exchange
ORGANIZATIONthe National Banking and Securities Exchange Commission
ORGANIZATIONKanto Local Finance Bureau
ORGANIZATIONThe Financial Futures Association of Japan
ORGANIZATIONSantacruz East
LOCATIONEngland & Wales
LOCATIONSecurities and Exchange Board of India
ORGANIZATIONCapital Markets Services License
ORGANIZATIONthe Karachi Stock Exchange
ORGANIZATIONDubai Branch
ORGANIZATIONJPMSAL
ORGANIZATIONthe Stock Exchange
ORGANIZATIONParticipating Association / Japan Securities Dealers Association
ORGANIZATIONAl-Faisaliyah Tower
PERSONthe Hong Kong
LOCATION