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048.jpg: image005.gif Richard Kahn 11BRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 Begin forwarded message: From: 'Ens, Amanda" ca. Subject: SAUDI UPDATE + MEGA View - MSCI China A-share Inclusion: Muted response; Next China Potential catalyst - Xi's visit to Hong Kong Date

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TE Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 tel fax cell Begin forwarded message: From: =/b>"Ens, Amanda" < Subject: =/b>BAML Spotify =heat Sheet - UPDATE Date: =/b>March 7, 2018 at 2:09:53 PM =ST To: = Reply-To: =/b>"Ens, Amanda" < Trading =ommenta

drawal at Custodian). This potential delay will more than =ikely affect the initial Locate Liquidity for a few days. Happy to coordinate calls with John Egan, BAML's =hort Analytics Specialist Expected Trading Dynamics Our understanding is that on the =orning of trading, the Floor Specialist will act lik

com» Subject= BAML Sootily Cheat Sheet - UPDATE </=iv> Date: March=7, 2018 at 2:09:53 PM EST To: "rkahn" mailto:a &g=; Reply-To: </r=pan>"Ens, Amanda" < <mailto > =u> Trading Commentary (Not a product of BAML Research and=should not viewed as a research report) <=span> S=otify: Stockholm-based

drawal at Custodian)= This potential delay will more than likely affect the initial Locate Liqu=dity for a few days. Happy to coordinate calls with John Egan, BAML=E2 s Short Analytics Specialist Expe=ted Trading Dynamics 2 EFTA_R1_01645737 EFTA02512786 * Our understanding is that on the morning of

> 10022 <https://maps.google.comfiq=57S+Lexington+Avenue+4th+Floor+New+York,+NY+100228zentry=gmail&sourcerg> Begin forwarded message: From: "Ens, Amanda" <[email protected] <mailto:amanda.ens@bamIcom» EFTA_R1_01647199 EFTA02513876 Subject: BAML Spotify Cheat Sheet - UPDATE Date: March 7, 2018 a

drawal at Custodian). This potential delay will more than likely affect the initial Locate Liquidity for a few days. Happy to coordinate calls with John Egan, BAML's Short Analytics Specialist Expected Trading Dynamics • Our understanding is that on the morning of trading, the Floor Specialist will act