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Investment Strategy
or detailed information regarding the risks involved with investing in listed options: http://Awww.theocc.com/about/publications/character-risks.jsp Analyst Certification We, James Barty, Abhinandan Deb, Barnaby Martin, Benjamin Bowler, Claudio Piron, David Hauner, CFA, Hans Mikkelsen, lan Gordon, loannis Angelakis, Kam
Page: HOUSE_OVERSIGHT_014456 →ectively). MLIBLMB and Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS License 235132 (MLEA) distribute this report in Australia only to ‘Wholesal
Page: HOUSE_OVERSIGHT_014457 →ronger outflows than expected and heightened political noise. Upside risks include a generalized rally on the back of more positive global backdrop. Analyst Certification We, David Woo, Adarsh Sinha, Arko Sen, Claudio Irigoyen, Jane Brauer, Kamal Sharma, Mark Capleton, Paul Ciana, CMT and Ralf Preusser, CFA, hereby ce
Page: HOUSE_OVERSIGHT_014784 →d and issued by Merrill Lynch (DIFC) are done so in accordance with the requirements of the DFSA conduct of business ed (ABN 65 006 276 795), AFS of BANA Australia, neither MLEA nor responsibility for research reports of its non-US affiliates distributed to MLPF&S clients in the US. Any US person receiving this
Page: HOUSE_OVERSIGHT_014785 →Earnings Preview
barriers to entry. Upside risks are successful new title releases that accelerate growth, or potential acquisition of Zynga for its game portfolio. Analyst Certification We, Justin Post, Jason Mitchell and Nat Schindler, hereby certify that the views each of us has expressed in this research report accurately reflect
Page: HOUSE_OVERSIGHT_014946 →ectively). MLIBLMB and Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS License 235132 (MLEA) distribute this report in Australia only to ‘Wholesal
Page: HOUSE_OVERSIGHT_014949 →Entities connected to both BANA Australia and Analyst Certification

Merrill Lynch Global Wealth Management
ORGANIZATION
Bank of America
ORGANIZATION
Merrill Lynch
ORGANIZATION
Donald Trump
PERSONMerrill Lynch Canada Inc
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Frankfurt
LOCATION
United Kingdom
LOCATIONMerchant Bank
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONThe Financial Service Board
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATIONOtoritas Jasa Keuangan
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Michael Bloomberg
PERSONBank of America Merrill Lynch International Limited
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONthe Central Bank of Ireland
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