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Investment Strategy
account the specific investment objectives, financial situation and the p. im fered or sold by Merrill Lynch, are not tory institution (including, Bank of A erparty default risk and liquidity risk. No security, financi iable information about the value or other financial instruments, if any, may fluctuate
Page: HOUSE_OVERSIGHT_014409 →rity discussed in the report should do so through MLPF&S and not such foreign affiliates. Hong Kong recipients of this research report should contact Merrill Lynch (Asia Pacific) Limited in respect of any matters relating to dealing in securi ies (and not futures contracts) or provision of specific advice on securities (and not futu
Page: HOUSE_OVERSIGHT_014409 →nvestments Commission; Merrill Lynch (Hong Kong): Merrill Lynch (Asia Pacific) Limited, regulated by the Hong Kong Securities and Future
ancial instruments) to be suspended or withdrawn and shou uments) nor should the analyses or opinion(s) be considered a solici its contents. uding, Bank of A jo security, financial instrument or derivative is suitable for all investors. In some cases, securities and other financial ue or sell and reliable
Page: HOUSE_OVERSIGHT_010615 →LPF&S distributes, or may in South Africa ( PRA}; Merrill Lynch (Aus Pacific) Limited, regulate Singapore (MAS); Merrill CV, Casa de Bo
ffering document issued in connec Securities and other financial instruments discussed in this report, or recommended, o tory institution (including, Bank of A k and liquidity risk. No security, financ! iable information about the value or income from such securities and other financial instruments, if any,
Page: HOUSE_OVERSIGHT_014422 →Australian Securities and Investments Commission; Merrill Lynch Pacific) Limited, regulated by the Hong Kong Securities and Future
her financial instruments discussed in this report, or recommended, o deposits or other obligations of any insured depository institution (including, Bank of A instruments may be difficult to value or sell and reliable information about the value or income from such securities and other financial instrument
Page: HOUSE_OVERSIGHT_014785 →Entities connected to both Bank of A and Merrill Lynch (Asia Pacific) Limited

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