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by the FA a Lynch (Japan), a registered secu by HKSFC (research repor' ralia): Lynch Saud LI(UK}a India}; and is issued and distri Bank Limited (Merchant Bank) regulated by MAS. Bank o License 235132 (MLEA) distrib any of its affiliates involved in Authority. No approval is requi DIFC) is authorized and reg
Page: HOUSE_OVERSIGHT_014422 →mited, errill Lynch I Lyne ated KSA Com h by pany, he K to errill ated I Lynch jonal EA nor A I Lynch siness fect any transaction in any | Lynch (Asia Pacific) Limited in pore recipients of this research her financial instrument. No part of Insurance Corporation and are not volve numerous risks, including, ‘0 obt
Page: HOUSE_OVERSIGHT_014422 →racts) or provision of specific advice on securities (and not futures contracts). Si report should contact Merrill Lynch International Bank Limited (Merchant Bank) and/or research report. General Investment Related Disclosures: Taiwan Readers: Neither the information nor any opinion expressed herein constitute
Page: HOUSE_OVERSIGHT_014785 →duced or quoted in any manner whatsoever in Taiwan by t This research report provides general information only. Neither the information nor any op | Lynch (Asia Pacific) Limited in ngapore recipients of this research Merrill Lynch (Singapore) Pte Ltd in respect of any matters arising from, or in connection with, this an off
Page: HOUSE_OVERSIGHT_014785 →Price Objective Change
issued and distrib India}; and is issued and distributed in Singapore to institutional investors and/or accredited investors (each as d Bank Limited (Merchant Bank} (MLIBLMB) and Merrill Lynch (Singapore) (Company Registration regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS Licen
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Page: HOUSE_OVERSIGHT_014395 →Entities connected to both Merchant Bank and Lynch (Asia Pacific) Limited

Bank of America
ORGANIZATION
United Kingdom
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Merrill Lynch
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Michael Bloomberg
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Merrill Lynch Global Wealth Management
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch Canada Inc
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Donald Trump
PERSONMerrill Lynch International Bank Limited
ORGANIZATIONBaFin
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Bank of America Corporation
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Seoul
LOCATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONILynch
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Frankfurt
LOCATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONBank of America Merrill Lynch International Limited
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