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vestors only. The information in Morgan Stanley Research is being communicated by Morgan Stanley & Co. International plc (DIFC Branch), regulated by the Dubai Financial Services Authority (the DFSA), and is directed at Professional Clients only, as defined by the DFSA. The financial products or financial services to which this researc
Page: HOUSE_OVERSIGHT_025586 →da by Morgan Stanley Canada Limited, which has approved of and takes responsibility for its contents in Canada; in Germany by Morgan Stanley Bank AG, Frankfurt am Main and Morgan Stanley Private Wealth Management Limited, Niederlas- sung Deutschland, regulated by Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaF
Page: HOUSE_OVERSIGHT_025586 →by UBS AG, authorized and regulated in the UK by the Financial Services Authority. A member of the London Stock Exchange. This publ
de France" and the “Autorité des Marchés Financiers". Germany: The issuer under German Law is UBS Deutschland AG, Bockenheimer Landstrasse 2-4, 60306 Frankfurt am Main. UBS Deutschland AG is authorized and regulated by the “Bundesanstalt flr Finanzdienstleistungsaufsicht". Hong Kong: This publication is distributed
Page: HOUSE_OVERSIGHT_025290 →ce 305, Dubai, United Arab Emirates. Regulated by the Dubai Financial Services Authority. France, Finland, Greece, Luxembourg, Norway, Po
mark, by Invesco Asset Management SA, 16-18 rue de Londres, 75009 Paris. Germany by Invesco Asset Management Deutschland GmbH, An der Welle 5, 60322 Frankfurt am Main. Hong Kong by Invesco Hong Kong Limited SIIB ‘Et2 4h ),41/F, Champion Tower, Three Garden Road, Central, Hong Kong. the Isle of Man and Ireland by
Page: HOUSE_OVERSIGHT_026729 →Entities connected to both the Dubai Financial Services Authority and Frankfurt am Main

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