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Investment Strategy
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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
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Page: HOUSE_OVERSIGHT_014430 →Investment Strategy
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
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Page: HOUSE_OVERSIGHT_014458 →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
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Page: HOUSE_OVERSIGHT_014651 →Estimate Change
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
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Page: HOUSE_OVERSIGHT_026002 →ons, conclusion, or information con an authorized officer of BofA Merrill Lynch. ed in this material | Lynch, including investment banking personnel. BofA Merrill jons that are inconsistent rames, assumptions, views and analytical ‘0 the attention of any and in connection ly and does not extend with the execu
Page: HOUSE_OVERSIGHT_026003 →Entities connected to both BANA Australia and BofA Merrill

Merrill Lynch
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Bank of America
ORGANIZATIONPierce, Fenner & Smith Incorporated
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Merrill Lynch Global Wealth Management
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Donald Trump
PERSONMerrill Lynch International Bank Limited
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United Kingdom
LOCATIONthe Investment Industry Regulatory Organization of Canada
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BofA Merrill Lynch
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Bank of America Corporation
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Frankfurt
LOCATIONthe Central Bank of Ireland
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch Equities (Australia) Limited
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATIONMerrill Lynch KSA Company
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