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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 →lica ited by the DFSA. Research rules. Bank of America Merrill Lynch Internati prepared and issued by M he Comisién Nacio' u Exc e hange Board of (DIFC Branch), re De Valores; Merrill iAra p nd Bank of America es of the FCA and PRA - details abo ies dealer u nd ri jon ed in Singa LIBLMB) an pore t ( ute
Page: HOUSE_OVERSIGHT_014422 →utional investors and/or accredited investors (each as defined under the Financial Advisers Regulations) by Merrill Lynch International Bank Limited (Merchant Bank} (MLIBLMB) and Merrill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore} are r
Page: HOUSE_OVERSIGHT_014650 →ia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch), regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): Merrill Lynch Capital Markets Espana, S.A.S.V., regulated by Com
Page: HOUSE_OVERSIGHT_014650 →l Lynch (Hong Kong) which is regulated errill Lynch (India); and is issued and distributed in Singapore to institutional International Bank Limited (Merchant Bank) (MLIBLMB) and Merrill Lynch ingapore) are regulated by MAS. Bank of America N.A,, Australian Branch (ARBN e this report in Australia only to affilia
Page: HOUSE_OVERSIGHT_023609 →ited investors Company hee er under the wan by Merri ch as defi A Australia) and poration ILynch by MLP iliates d hority; Lynch International (DIFC Branch), regulated by t ores; Merrill Lynch (Brazi bia Company, regu n and is d PRA) by MLI (UK) and Bank of America Merrill Lynch Intern (as defined in the
Page: HOUSE_OVERSIGHT_023609 →ia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch}, regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): Merrill Lynch Capital Markets Espana, S.AS.V., regulated by Comi
Page: HOUSE_OVERSIGHT_014496 →vice on securities (and not futures contracts). Singapore recipients of this research report should contact Merrill Lynch International Bank Limited (Merchant Bank) and/or Merrill Lynch (Singapore) Pte Ltd in respect of any matters arising from, or in connection with, this research report. Bankof America <> : M
Page: HOUSE_OVERSIGHT_014497 →Entities connected to both Merchant Bank and DIFC Branch

Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATION
Donald Trump
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATION
United Kingdom
LOCATION
Frankfurt
LOCATION
Michael Bloomberg
PERSONThe Financial Service Board
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATIONBaFin
ORGANIZATION
Bank of America Corporation
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATION
Seoul
LOCATION
BofA Merrill Lynch
ORGANIZATION