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aming non-US affiliates in the US (short name legal name, regulator): Merrill Lynch (South Africa): Memll Lynch South Africa (Pty) Ltd, regulated by The Financial Service Board, MLI (UK): Merrill Lynch International, regulated by the Financial Conduct Authority (FCA)and the Prudential Regulation Authority (PRA', Menill Lync

ng non-US affiliates in the US (short name: legal name, regulator): Merrill Lynch (South Africa): Merrill Lynch South Africa (Pty) Ltd., regulated by The Financial Service Board; MLI (UK): Merrill Lynch International, regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority PRA); Merrill Lync

lph Axel Rates Strategist MLPF&S +1 646 855 6226 [email protected] Shyam S.Rajan Rates Strategist MLPF&S +1 646 855 9808 [email protected] John Shin FX Strategist MLPF&S +1 646 855 9342 [email protected] lan Gordon FX Strategist MLPF&S +1 646 855 8749 [email protected] Vadim laralov

rrill Lynch Global Research. Information relating to Non-US affiliates of BofA Merrill Lynch and Distribution o South Africa (Pty) Ltd, regulated by The Financial Service Board; MLI (UK): Merrill Lynch PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by t regulated by the Securities and

Cabana, CFA Rates Strategist MLPF&S +1 646 855 9591 [email protected] Ralph Axel Rates Strategist MLPF&S +1 646 855 6226 [email protected] John Shin FX Strategist MLPF&S +1 646 855 9342 [email protected] Carol Zhang Rates Strategist MLPF&S +1 646 855 8311 [email protected] Pac Rim A