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ill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organization of Canada; Merrill Lynch (Mexico): Merrill Lynch Mexico, SA de CV, Casa de Bolsa, regulated by the Comisidn Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisién Nacional de V
Page: HOUSE_OVERSIGHT_010614 →ectively). MLIBLMB and 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 ‘Wholesal
Page: HOUSE_OVERSIGHT_010614 →liate Research Reports: LPF&S distributes, or may in South Africa ( PRA}; Merrill Lynch (Aus Pacific) Limited, regulate Singapore (MAS); Merrill CV, Casa de Bolsa, regulated by japan}: Merrill Lynch Japan Sec Financial Supervisory Service; regulated by the Securities and srael Limited, regulated by Isra DIFC):
Page: HOUSE_OVERSIGHT_014422 →ued by Merrill Lynch , Frankfurt Branch (BAMLI Frankfu PF&S and/or one or more of its no! distributed to MLPF&S clients in t os F 06872E and 198602 BANA Australia) and ribu ingapore) Pte Ltd in im me a ha der the Banking Act 19 jon is by Merrill Lynch (DIFC are done so in accord es this report in Germany
Page: HOUSE_OVERSIGHT_014422 →ill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organization of Canada; Merrill Lynch (Mexico): Merrill Lynch Mexico, SA de CV, Casa de Bolsa, regulated by the Comisidn Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisién Nacional de V
Page: HOUSE_OVERSIGHT_014429 →tively). MLIBLMB and 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 ‘Wholesal
Page: HOUSE_OVERSIGHT_014429 →ynch and Distribution of Affiliate Research Reports: South Africa ( PRA}; Merrill Lynch (Aus Pacific) Limited, regulate Singapore (MAS); Merrill CV, Casa de Bolsa, regula japan): Merri Financial Supervisory Service; regulated by srael Limited, DIFC): Merrill Lynch In Comisi6n Nacional del errill Lynch Kingdom o
Page: HOUSE_OVERSIGHT_014729 →ynch (Singapore) are ralia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS the Corporations Act 2001. With the exception of BANA Australia, neither MLEA nor der the Banking Act 1959 nor regulated by the Australian Prudential Regulation ribution is by Merrill Lynch (Brazil) in accordance
Page: HOUSE_OVERSIGHT_014729 →ill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organization of Canada; Merrill Lynch (Mexico): Merrill Lynch Mexico, SA de CV, Casa de Bolsa, regulated by the Comisidn Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisién Nacional de V
Page: HOUSE_OVERSIGHT_014785 →d and issued by Merrill Lynch (DIFC) are done so in accordance with the requirements of the DFSA conduct of business ed (ABN 65 006 276 795), AFS of BANA Australia, neither MLEA nor responsibility for research reports of its non-US affiliates distributed to MLPF&S clients in the US. Any US person receiving this
Page: HOUSE_OVERSIGHT_014785 →Quantitative Analysis
ill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organization of Canada; Merrill Lynch (Mexico): Merrill Lynch Mexico, SA de CV, Casa de Bolsa, regulated by the Comisidn Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisién Nacional de V
Page: HOUSE_OVERSIGHT_023094 →35132 (MLEA) distribute this report in Australia only to ‘Wholesale’ clients as defined by s.761G of the Corporations Act 2001. With the exception of BANA Australia, neither MLEA nor any of its affiliates involved in preparing this research report is an Authorised Deposit- Taking Institution under the Banking Act
Page: HOUSE_OVERSIGHT_023094 →ill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organization of Canada; errill Lynch (Mexico): Merrill Lynch Mexico, SA de CV, Casa de Bolsa, regulated by the Comisién Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisién Nacional de V
Page: HOUSE_OVERSIGHT_026002 →ctively). MLIBLMB and 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 ‘Wholesal
Page: HOUSE_OVERSIGHT_026002 →Entities connected to both Casa de Bolsa and BANA Australia

Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
Donald Trump
PERSON
United Kingdom
LOCATIONMerchant Bank
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATION
Frankfurt
LOCATIONthe Central Bank of Ireland
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATIONBaFin
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATION
Seoul
LOCATION
Michael Bloomberg
PERSONThe Financial Service Board
ORGANIZATION