MSCI UK (USD) 1085.1 -04% 0.7% 3.5% 0.4% -9.1% -7.4% -08% 4,0% MSCI Japan (USD) 2811.6 -0.4% 0.6% 7.1% 1.3% -2.2% 3.4% 4.6% 6.7% MSCI Latam (USD) 2510.7 0.0% 5.2% 11.0% 39.5% 20.0% -12.5% -4.9% -5.6% MSCI Asia ex Jpn (USD) 549.3 1.1% 4.5% 9.6% 12.1% 7.2% -17% 4.5% 4.1%

500 2 0% 57.89 8.7% -1.1% MSCI World 2.6% 60.92 9.0% -2.0% MSCI Europe ex UK 3.4% 57.38 7.7% -3.1% MSCI UK 4.0% 66.68 7.4% -0.4% MSCI Latam 2.7% 69.80 28.7% -0.8% MSCI Asia ex Jpn 2.6% 70.89 7.6% -0.9% MSCI Japan 2.2% 41.65 12.8% -6.8% Canon! data as of August 17. 2016. Dat

S&P 500 2100 DAX 10300 Eurostoxx 50 2900 Stoxx 600 330 MSCI Japan 800 SMI 8150 FTSE 100 6200 MSCI EM 830 MSCI Asia ex Japan 500 MSCI Latam 2100 End-June 2017F Gold spot 1390 WTI spot 55 F = Forecasts. Please soo risk warnings for more information. Forecasts aro based on assumption