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onships* Count Percent Buy 58 46.03% Buy 45 17.59% Hold 34 26.98% Hold 29 85.29% Sell 34 26.98% Sell 20 58.82% Equity Investment Rating Distribution: Global Group (as of 30 Sep 2016) Coverage Universe Count Percent Inv. Banking Relationships* Count Percent Buy 1553 49.44% Buy 1130 12.16% Hold 730 23.24% Hold 5
Page: HOUSE_OVERSIGHT_014649 →re) (Company Registration Nos F 06872E and 198602883D respectively). 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 23513
Page: HOUSE_OVERSIGHT_014650 →Estimate Change
nships* Count Percent Buy 109 49.77% Buy 84 17.06% Hold 52 23.14% Hold 43 82.69% Sell 58 26.48% Sell 34 58.62% Equity Investment Rating Distribution: Global Group (as of 31 Mar 2017) Coverage Universe Count Percent Inv. Banking Relationships* Count Percent Buy 1578 51.33% Buy 979 62.04% Hold 690 22.45% Hold 43
Page: HOUSE_OVERSIGHT_014884 →tribute, research reports of the following non-US affi PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by the Australi CV, Casa de Bolsa, regulated by the Comisién Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Com
Page: HOUSE_OVERSIGHT_014885 →ionships* Count Percent Buy 60 48.39% Buy 39 65.00% Hold 35 28.23% Hold 26 14.29% Sell 29 23.39% Sell 7 58.62% Equity Investment Rating Distribution: Global Group (as of 31 Mar 2017) Coverage Universe Count Percent Inv. Banking Relationships* Count Percent Buy 1578 51.33% Buy 979 62.04% Hold 690 22.45% Hold 43
Page: HOUSE_OVERSIGHT_023608 →ngapore 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 affiliates involved in preparing this research report is an pproval is required for publication or di
Page: HOUSE_OVERSIGHT_023609 →Entities connected to both Australia and Global Group

United States
LOCATION
Donald Trump
PERSON
United Kingdom
LOCATION
Frankfurt
LOCATION
Bank of America
ORGANIZATION
Michael Bloomberg
PERSONthe Australian Securities and Investments Commission
ORGANIZATION
Merrill Lynch
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATION
Marc Rich
PERSON
BofA Merrill Lynch
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONMerchant Bank
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Bank of America, N.A.
ORGANIZATION
Bank of America Corporation
ORGANIZATIONILynch
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
Merri
ORGANIZATIONMerrill Lynch Argentina SA
ORGANIZATION