the Capital Market Authority
ORGANIZATIONthe Bundesanstalt fir Finanzdienstleistungsaufsicht
ORGANIZATION4
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achi Stock Exchange and regulated by the Securities and Exchange Commission of Pakistan. Saudi Arabia: E. Morgan Saudi Arabia Ltd. is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia (CM A) to carry out dealing as an agent. arranging. advising and custod vith respect to securities business under lic
ny: This material is distributed in Germany by Morgan Securities plc, Frankfurt Branch and Chase Bank. S. Frankfurt Branch which are regulated by the Bundesanstalt fir Finanzdienstleistungsaufsicht. Hong Kong: The 1% ownership disclosure as of the previous month end satisfies the requirements under Paragraph 16.5(a) of the Hong Kong Code of Con
chi Stock Exchange and regulated by the Securities and Exchange Commission of Pakistan. Saudi Arabia: J.P. Morgan Saudi Arabia Ltd. is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent. arranging. advising and custody, with respect to securities business under li
al is distributed in Germany by J.P. Morgan Securities plc, Frankfurt Branch and J.P.Morgan Chase Bank. N.A., Frankton Branch which arc regulated by the Bundesanstalt fir Finanzdienstleistungsaufsicht. Hong Kong: The 1% ownership disclosure as of the previous month end satisfies the requirements under Paragraph 16.5(a) of the Hong Kong Code of Con
f Pakistan. Saudi Arabia: J.P. Morgan Saudi Arabia 17 EFTA00301333 North America Equity Research 18 June 2014 J.P.Morgan Ltd. is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent. arranging. advising and custody, with respect to securities business under li
al is distributed in Lemony by J.P. Morgan Securities plc, Frankfurt Branch and J.P.Morgan Chase Bank, N.A., Frankfurt Branch which arc regulated by the Bundesanstalt fir Finanzdienstleistungsaufsicht. Hong Kong: The 1% ownership disclosure as of the previous month end satisfies the requirements under Paragraph 16.5(a) of the Hong Kong Code of Con
chi Stock Exchange and regulated by the Securities and Exchange Commission of Pakistan. Saudi Arabia: J.P. Morgan Saudi Arabia Ltd. is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia (CMA) to carry out dealing as an agent. arranging. advising and custody, with respect to securities business under li
l is distributed in Germany by J.P. Morgan Securities plc, Frankfurt Branch and J.P.Morgan Chase Bank. N.A., Frankfurt Branch which are regulated by the Bundesanstalt fir Finanzdienstleistungsaufsicht. Hong Kong: The 1% ownership disclosure as of the previous month end satisfies the requirements under Paragraph 16.5(a) of the Hong Kong Code of Con
Entities connected to both the Capital Market Authority and the Bundesanstalt fir Finanzdienstleistungsaufsicht

Malaysia
LOCATION
New Zealand
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Frankfurt
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the Financial Services Agency
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONthe Securities Commission
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATIONKanto Local Finance Bureau
ORGANIZATIONJapan Investment Advisers Association
ORGANIZATIONthe Securities and Exchange Commission
ORGANIZATION
Bloomberg L.P.
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JPMorgan Chase
ORGANIZATIONthe Central Bank of Brazil
ORGANIZATION
Philippines
LOCATIONthe Hong Kong
LOCATIONthe Karachi Stock Exchange
ORGANIZATION
the Ministry of Finance
ORGANIZATIONEngland & Wales
LOCATIONDubai Branch
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATION