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n or distribution of this the DFSA. Research re he Australian Prudential Regulation Authority. pplicable regulations. Merrill Lynch (DIFC) is au by BaFin. lates in the nal, regulate oO ustral | ndustry Regu na}: Merrill Lynch (Seou ent | atory Organization of Canada; Merrill Lynch (Mexico Lynch Arge
Page: HOUSE_OVERSIGHT_014999 →n of Affiliate Research Reports: LPF&S distributes, or may in the fi South Africa ( PRA}; Merrill Lynch (Australia): Pacific) Limited, regulated by th Singapore (MAS); Merrill Lynch CV, Casa de Bolsa, regulated by japan): Merri Financial Supervisory Service; regulated by the Securities and Excl Lynch Israel
Page: HOUSE_OVERSIGHT_014999 →Price Objective Change
saction in any | Lynch (Asia Pacific) Limited in ngapore recipients of this research m, or in connection w
on of the ideas expressed in this re port may depend upon an investor's abi LPF&S is the distribu pore) Pte Ltd in respec any and is regulated by BaFin. (and not futures contracts). Si transact in any securities or o articular needs of any specific discussed or recommended in insured by the Feder
Page: HOUSE_OVERSIGHT_014394 →s F 06872E and 198602 BANA Australia) and ribu ingapore) Pte Ltd in im me a ha der the Banking Act 19
ral Bank of Ireland and on request; has been considered and distributed in apan; Is issued and distributed in Hong Kong by Merril nd is regulated by BaFin. or of this research report in port and wishing toe not futures contracts}. Singa of any matters arising from, or in connection with, this Bank of
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rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. This research report has been prepared and issued by MLPF&S and/or one or more of its non-US affiliates. MLPF&S is the distributor of this research
Page: HOUSE_OVERSIGHT_014785 →Entities connected to both BaFin and Singapore

Frankfurt
LOCATION
United Kingdom
LOCATIONthe Prudential Regulation Authority
ORGANIZATION
Bank of America
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATION
Donald Trump
PERSONMerchant Bank
ORGANIZATION
Michael Bloomberg
PERSON
Merrill Lynch
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Seoul
LOCATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATION
Bank of America Corporation
ORGANIZATIONILynch
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATION
Merri
ORGANIZATION