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61 2,4 1.3 Bulgaria 1.7 1.0 1.5 Czech Republic 1.7 -1.1 0.9 -3.1 -0.8 Hungary 1.6 -12 0.5 -3.5 09 Poland 4.3 2.3 1.81 2.4 11 Romania 2.5 00 0.8 0.5 1$ Russa 4.3 3.6 3.0 3.7 IS Turkey 8.5 2.8 3/ Global 3.0 2.4 2.5 3.0 1.8 Developed markets 1.3 1.2 1.0 1.7
address is Dubai International Financial Centre - Building 3. Level 7. PO Box 506551, Dubai. UAE. Country and Region Specific Disclosures U.K. and European Economic Area (ERA): Unless specified to the contrary• issued and approved for distribution in the U.K. and the EEA by JPMS plc. Investment research issued by JPM
08 -12 -13 21 1.0 43 24 34 29 24 Hungary 6 12 0.5 3.5 -0.9 -1.0 -10 1.0 15 8 44 55 58 47 Poland 43 23 1.61 24 16 0.5 0.5 4 1.34 23. 3.0. 46 40 3.1 25 Romania 25 0.0 0.8 0.5 1.9 -24 12 1.2 -0.4 3.2 34 1.9 47 64 Russia 43 3.6 3.0 37 15 1.01 3.0 35 3.0 40 67 3.8 6.8 T 14 Turkey 85 28 37 92 94 7.3 7.5 T Global
Page: HOUSE_OVERSIGHT_026577 →address is Dubai International Financial Centre - Building 3, Level 7, PO Box 506551, Dubai, UAE. Country and Region Specific Disclosures U.K. and European Economic Area (EEA): Unless specified to the contrary, issued and approved for distribution in the U.K. and the EEA by JPMS ple. Investment research issued by JPMS
Page: HOUSE_OVERSIGHT_026578 →ica/Middle East Israel South Africa Europe Euro area Germany France Italy Spain United Kingdom Emerging Europe Bulgaria Czech Republic Hungary Poland Romania Russia Turkey Global Developed markets Emerging markets Source: J.P. Morgan 6 1.8 2.6 8.9 2.7 5.9 6.6 8.0 3.9 6.9 5.7 4.2 4.7 -0.5 2.4 1.4 7.4 9.3 4.
Page: HOUSE_OVERSIGHT_030853 →ed address is Dubai International Financial Centre - Building 3, Level 7, PO Box 506551, Dubai, UAE. Country and Region Specific Disclosures U.K. and European Economic Area (EEA): Unless specified to the contrary, issued and approved for distribution in the U.K. and the EEA by JPMS ple. Investment research issued by JPMS
Page: HOUSE_OVERSIGHT_030854 →Entities connected to both Romania and European Economic Area

Hungary
LOCATION
Bulgaria
LOCATION
Czech Republic
LOCATION
Malaysia
LOCATION
Philippines
LOCATION
United States
LOCATION
New Zealand
LOCATION
Barack Obama
PERSON
Venezuela
LOCATION
Bloomberg L.P.
ORGANIZATION
Chile
LOCATION
Columbia University
LOCATION
Bill Clinton
PERSON
Ecuador
LOCATION
JPMorgan Chase
ORGANIZATIONthe Central Bank of Brazil
ORGANIZATIONthe Mexican Stock Exchange
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATION
Eric Trump
PERSONBombay Stock Exchange Limited
ORGANIZATION