M is distributed in the Uni nang h reports of the following non-US a ard; MLI (UK}: Merrill Lynch Internati Lynch Securities (Taiwan) Ltd., regu Financial Services Authority (DI he FCA and iliates I Lyne ment (Argentina): > Merri ated b errill Lynch Lynch Securi Lynch Banco onal, regulated by the Financial Conduct A

ill Lynch | Lynch (Asia hority of h Mexico, SA de Lynch he DSP Merrill Lynch Limited, Il Lynch (Israel): Merrill an Federation; Merrill Lynch Financial Services Authority (DFSA); Merrill Lynch (Spain): Merrill Lynch Capital Markets Espana, S.AS.V., regu Comisién Nacional del Mercado De Valores; Merrill Lynch (Brazil):

int foreign afi LPI the following non-US affi ernati Merri Argent ndonesia): PT Merrill Lyn errill Lynch (Russia}: O00 Dubai }: Bank he errill Financial Services Authority ingdom (UK) to professional clients and eligible counterparties hich are authorized tional Bank Limi FCA and PRA are availab| hange Act in Japan; is

the Dubai Financial Market, the Abu Dhabi Securities market or any other UAE exchange. UK: Approved by UBS AG, authorized and regulated in the UK by the Financial Services Authority. A member of the London Stock Exchange. This publication is distributed to private clients of UBS London in the UK. Where products or services are pr

are not subject to the oversight and scattily from financial regulatory entities such as the Securities and Exchange Commission ("SEC") or the UK's Financial Services Authority ("FSA") and are not subject to the same regulatory requirements as regulated open-end investment companies, mutual funds or Undertakings for CoIectiv

dent, Global Public Affairs and Communications Vice-President, Marketing and Business Development Chairman and Chief Executive Officer Chairman, Financial Services Authority (FSA). United Kingdom President and Chief Executive Officer Prime Minister of Poland Chief Executive Officer S. K. and Angela Chan Professor of

tments and business transactions in Iran. This can be accomplished by changing the rules of the U.S. Securities and Exchange Commission, the U.K.'s Financial Services Authority, and similar counterparts overseas. The moment companies are required to disclose their irresponsible business activities in Iran is the moment th