rialization Chemicals _ PIF: 10.91% 88.0% 0.0 0.1 Saudi Ceramic Consumer PIF: 5.94%; GOSI: 16.19% 83.8% 0.0 0.0 Petro Rabigh Chemicals Aramco: 37.5%; Sumitomo: 37.5% 25.0% 0.0 0.0 Total 24.3 28.6 Source: Bloomberg, Bank of America Merrill Lynch Global Research. PIF = Public Investment Fund. GOSI = General

RAMAR00004404 EFTA00239668 Matthew R. Klein, CFA, CFP UBS Private Wealth Management 1285 Avenue of the Americas. 38th Floor New York. NY 10019 Sumitomo I Casriel Group Barron's Top 50 Private Wealth Management Teams Barron's Top 100 Advisors Financial Times Top 400 Financial Advisors Forbes Best-

Bank of Tokyo-Mitsubishi $75.0 Mizuho $75.0 $75.0 $55.0 4.4% Nomura $75.0 $75.0 $55.0 4.4% Societe Generale $75.0 $75.0 $55.0 4.4% Sumitomo $75.0 Total $1,925.0 $1,700.0 $1,250.0 100.0% EFTA00597303

JE Basket Sector Company Current Price DB Rating DB Price Target % change to target Price as of 12/17/13 % vs. current Financials Sumitomo 4693 Buy 6050 29% 5030 -7% Insurance Mitsui Fudosan 3178 Hold 3900 23% 3385 -7% Insurance Dai-ichr Life 1458 Buy 1940 33% 1620

han expected Ch=nese and Eurozone PMIs but traded down post option expiry before recoverin= in the afternoon prior to the supportive US PMI. Japan's Sumitomo=Metal has reduced copper output by 16.5kMT due to planned maintenance on one of its smelters. It's Nickel out=ut has risen by 10.6% to 63.8 kMT in