4 February 2014 Health Care Facilities and Services HCA Holdings, Inc. 'Historical recommendations and target price: HCA Holdings, Inc. (HCA.N) (as of 2/3/2074) 6000 50 CO 40 CO I .1 30 CO 2000 10 CO 000 Ma 11 Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 5 12 Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 Previous Recommendations Strong Buy Buy Market Perform Underperlorm Not Rated Suspended Rating Current Recommendations Buy Hold Sell Not Rated Suspended Rating 'New Recommendation Structure as of September 9.2002 1. 04/19/2011: Upgrade to Buy. Target Price Change USD41.00 S. 02/23/2012: Upgrade to Buy, USD32.00 2. 05/06/2011: Buy. Target Price Change USD42.00 9. 05/04/2012: Buy. Target Price Change USD33.00 3. 05/13/2011: Buy. Target Price Change USD33.00 10 11/07/2012: Buy. Target Price Change USD40.00 4. 1005/2011: Downgrade to Hold. Target Price Change USD23.00 11 01130/2013: Buy, Target Price Change USDI4.00 5. 11/01/2011: Hold, Target Price Change USD25.00 12 05/07/2013: Buy. Target Price Change USD46.00 6. 12/07/2011: Hold. Target Price Change USD26.00 13 10/07/2013: Buy, Target Price Change USD56.00 7. 02/06/2012: Hold, Target Puce Change USD32.00 14 01/08/2014: Buy, Target Price Change USD58.00 IEquiw along key Buy: Based on a current 12- month view of total share-holder return (TSR = percentage change in share price from current price to projected target price plus pro-jected dividend yield ) , we recommend that investors buy the stock. Sell: Based on a current 12-month view of total share- holder return, we recommend that investors sell the stock Hold: We take a neutral view on the stock 12-months out and, based on this time horizon, do not recommend either a Buy or Sell. Notes: 1. Newly issued research recommendations and target prices always supersede previously published research. 2. Ratings definitions prior to 27 January, 2007 were: Buy: Expected total return (including dividends) of 1