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d "Merrill Lynch" are each global brands for BofA Merrill Lynch Global Research. Information relating to Non-US affiliates of Bof
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_010614 →Estimate Change
"Merrill Lynch" are each global brands for BofA Merrill Lynch Global Research. Information relating to Non-US affiliates of Bof
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 →ch. Daily data from 2-Jun-08 to 5-Jun-17. Source: BofA Merril Lynch Global Research. Data as of 5Jun-17 Enel stock attractive vs cre
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 Bank of America Merrill Lynch Global Research

Donald Trump
PERSON
United Kingdom
LOCATION
Frankfurt
LOCATIONthe Australian Securities and Investments Commission
ORGANIZATION
Michael Bloomberg
PERSON
Bank of America
ORGANIZATION
Merrill Lynch
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATION
Bank of America Corporation
ORGANIZATION
BofA Merrill Lynch
ORGANIZATIONThe Financial Service Board
ORGANIZATIONILynch
ORGANIZATION
Bank of America, N.A.
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONMerchant Bank
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONMerrill Lynch Argentina SA
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATION