PR IM, Equita u/g GEM IM ••• SocGen upgrade LMI LN, add AV! LN, RIO LN, to prem list, Medio downgrade AEF IM • Cant upgrade ADS GY, Beren downgrade SN/ LN, ING downgrade GRONT NA, Nordea upgrade AKER NO • Exane upgrade HFD LN, downgrade BIC FP, JEFF downgrade HWDN LN, TPK LN, GN5 ID Reporting Pre-Open

B with special $7/shr dividend (total November comp sales +6% vs 5.5% ests) • Smith & Nephew to buy Healthpoint (private) for $782 million in cash (SN/ LN trading -0.90%) • ARM: Daily Mail speculation that Intel may bid for company (speculation only) (trading +1.9%) • Unilever: 3 day investor semina