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Investment Strategy
he express written consent of BofA Merrill Lynch. BofA Merril sed on public i | Lynch, including investment ba
errill Lynch Limited, regulated by the Securities and Exchange Board of India; PT Merrill Lynch (Indonesia): PT Merrill Lynch Indonesia, regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Secur
Page: HOUSE_OVERSIGHT_014408 →rganization of Canada; Lynch Argenti ): Merrill Lynch International Incorporated Futures Bureau; DSP Merrill Lynch (India): DS ndonesia, regulated by Otoritas Jasa Keuangan (O loscow, regula errill Lynch (Spain): Merrill Lynch Capital lo S.A, regulated by Comissdo de Valores Mobilidrios; Merri essional clien na SA, re
Page: HOUSE_OVERSIGHT_014422 →: The protections provided by the U.K. regulatory regime, including the Financial Services Scheme, do not apply in general to business coordinated by BofA Merrill h policies relating to conflicts of interest are described at http://go.bofa.com/coi. ments linked to securities that may have been recommended in th
Page: HOUSE_OVERSIGHT_014423 →errill Lynch Limited, regulated by the Securities and Exchange Board of India; PT Merrill Lynch (Indonesia): PT Merrill Lynch Indonesia, regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Secur
Page: HOUSE_OVERSIGHT_014429 →in jo security, finance! by the U.K. regulatory regime, including the Financial Services Scheme, do not apply in general to business coordinated by BofA Merrill are described at http://go.bofa.com/coi. ments linked to securities that may have been recommended in this report. MLPF&S or one of its instruments
Page: HOUSE_OVERSIGHT_014430 →Investment Strategy
errill Lynch Limited, regulated by the Securities and Exchange Board of India; PT Merrill Lynch (Indonesia): PT Merrill Lynch Indonesia, regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Secur
Page: HOUSE_OVERSIGHT_014457 →rch personnel are based on information known to, professionals in other business areas of BofA Merrill Lynch, including investment banking personnel. BofA Merrill Research and certain business groups. As a resul research reports. To the extent this report discusses any legal proceeding or issue , BofA her off
Page: HOUSE_OVERSIGHT_014458 →errill Lynch Limited, regulated by the Securities and Exchange Board of India; PT Merrill Lynch (Indonesia): PT Merrill Lynch Indonesia, regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Secur
Page: HOUSE_OVERSIGHT_014650 →t of In the event therewith quity securities o he implementation rt. °o uding ADRs, effectively assume currency risk. de of the United Kingdom. BofA Merrill h h @ persons who prepared them, and Bo is report. LPF&S may be deemed beyond the delivery of this report (unless otherwise agreed 5| transactio
Page: HOUSE_OVERSIGHT_014651 →Estimate Change
: Merrill Lyn regulated by the Securities and Exchange Board of India; Merrill Lynch (Indonesia): PT Merrill Lynch Sekuritas Indonesia, regulated by Otoritas Jasa Keuangan (OJK); Merri Valores; Merrill h) regulated by h Africa): Merrill Lynch | Lynch (Asia hority of h Mexico, SA de Lynch he DSP Merrill Lynch Limi
Page: HOUSE_OVERSIGHT_014885 →errill Lynch Global Research and certain busin research reports. To the extent this report discusses ou oO professionals in other business areas of BofA Merrill 5 report containing such rating, recommendation or in Any information relating to the tax status of financia seek tax advice based on their particul
Page: HOUSE_OVERSIGHT_014886 →Entities connected to both Otoritas Jasa Keuangan and BofA Merrill

Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATION
Donald Trump
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATIONMerchant Bank
ORGANIZATION
United Kingdom
LOCATIONMerrill Lynch Canada Inc
ORGANIZATIONPierce, Fenner & Smith Incorporated
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Michael Bloomberg
PERSONMerrill Lynch International Incorporated
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATION
Bank of America Corporation
ORGANIZATION
BofA Merrill Lynch
ORGANIZATIONThe Financial Service Board
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATION
Frankfurt
LOCATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATION
Seoul
LOCATIONthe Securities and Futures Bureau
ORGANIZATION