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ll Ly BofA Merri nch clients and may not be re | Lynch research reports are d bited. Receip ents, opinio
rill Lynch International, regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by the Australian Securities and Investments Commission; Merrill Lynch (Hong Kong): Merrill Lynch (Asia Pacific) Limited, regulated by the
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u rading position (long or short} in the securiti Lynch, through business units other than Bo ith, and re
nd Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS License 235132 (MLEA) distribute this report in Australia only to ‘Wholesale’ clients as defined by s.761G of the Corporati
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Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A.,, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS License 235132 (MLEA) distribute this report in Australia only to ‘Wholesale’ clients as defined by s.761G of the Corporati
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en considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer under the
rill Lynch International, regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by the Australian Securities and Investments Commission; Merrill Lynch (Hong Kong): Merrill Lynch (Asia Pacific) Limited, regulated by the
Page: HOUSE_OVERSIGHT_014457 →u rading position (long or short} in the securiti Lynch, through business units other than Bo ith, and re
rill Lynch International, regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by the Australian Securities and Investments Commission; Merrill Lynch (Hong Kong): Merrill Lynch (Asia Pacific) Limited, regulated by the
Page: HOUSE_OVERSIGHT_014650 →the Monetary Authority of Israel}: Merrill Lynch Lynch lidrios; Merrill Lynch KSA Company, each is def
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 Exchange Board of India; PT Merrill Lynch (Indonesia): P Comisién Nacional del Mercado De Valores;
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Lynch | Lynch (Asia hority of h Mexico, SA de Lynch he DSP Merrill Lynch Limited, Il Lynch (Israel)
Research Reports: LPF&S distributes, or may in the future distribute, research reports of the following non-US affi PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by the Australi CV, Casa de Bolsa, regulated by the Comisién Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Arg
Page: HOUSE_OVERSIGHT_014885 →Earnings Preview
Issuer prior to making an investment decision. | Lynch is under no obligation to ensure that such menti
rill Lynch International, regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by the Australian Securities and Investments Commission; Merrill Lynch (Hong Kong): Merrill Lynch (Asia Pacific) Limited, regulated by the
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rill Lynch International, regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by the Australian Securities and Investments Commission; Merrill Lynch (Hong Kong): Merrill Lynch (Asia Pacific) Limited, regulated by the
Page: HOUSE_OVERSIGHT_016193 →Quantitative Analysis
s is a regular issuer of traded financial instru Lynch, through business units other than Bo th, and rea
d Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A., Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS License 235132 (MLEA) distribute this report in Australia only to ‘Wholesale’ clients as defined by s.761G of the Corporati
Page: HOUSE_OVERSIGHT_023094 →Entities connected to both Merrill Lynch Equities (Australia) Limited and ILynch

Merrill Lynch
ORGANIZATION
Merrill Lynch Global Wealth Management
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Bank of America
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Donald Trump
PERSONMerchant Bank
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United Kingdom
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LOCATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONMerrill Lynch International Bank Limited
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Michael Bloomberg
PERSONPierce, Fenner & Smith Incorporated
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
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ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATIONMerrill Lynch KSA Company
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BANA Australia
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Bank of America Corporation
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Seoul
LOCATIONMerrill Lynch (Asia Pacific) Limited
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