MP IM • BofAML downgrade WDH DC, SZG GY, AKE FP, BAS GY, upgrade El FP, Al FP, LIN GY • DB initiate AOI SS, GENL LN, OPHR LN (buy), AFR LN, CNE LN, LUPE SS, TLW LN (hold) • Exane upgrade PIC LN, HSBC downgrade HGG LN, HG1 GY, B1O3 GY, RBC downgrade DETNOR NO • JEFF upgrade MARS LN, KepChev double upgra

OTORS LTD Coeff-icient 3.7 3 2.8 2.3 2.3 2.3 2.2 2.2 2.1 2 Long / Short European oil Sensitivity Basket — Holdings2 Long Basket Ticker LUPE SS STL NO Statoil Asa PGS NO Petroleum Geo- Services CGG FP CGG FUR NA Fugro NV-CVA Technip SA TEC FP BG/ LN Bg Group Plc RDSA NA Royal Dutch Sh