ownturn. We see positive risk-rewards with the stocks that we think still incorporate little for business jets at current levels including Buy-rated COUGD/TXT. * Select charts: Chart 1: UBS Business Jet Market Index Chart 2: Overall Business Conditions Score 100 0 n bs8 W -8 1gin .“ x mzmz z 25

wnturn. We see positive risk-rewards with the stocks that we think still incorporate little for business jets at current levels including Buy-rated COUGD/TXT. • Select charts: Chart 1: UBS Business Jet Market Index Chart 2: Overall Business Conditions Score 100 0 r r rr r 41, r/ so U$ 44W44rc