RYDAF Price Chart 1-Jun N 31-Oct 16-Jan 16-Feb B 15-Jul 24-Jan 11-May Kuplent PO:2550p PO:2180p PO:2135p PO:2350p PO:2420p PO:2400p PO:2420p DOA Pod Po Pobety _Pbbe od 28 PO:P460p PO:P4P0p PO:p00Da — PID:P230p PQ:2490n 4 zeta, | | sbh Po brat apt soa PO:P550p a tan PO:950p PQ:P380p PO-P5000 20 a 15-Oct is Bh 9-Dec 5- l, 16 PO:P5p0pIOrP315p i da PD:p050p PO:p400p PO:}530p . Po Po ; Po a 1-Jan-15 1-Jan-16 {-Jan-17 RYDAF Wu Review Restricted Muy «2s No Coverage B: Buy, N: Neutral, U: Underperform, PO: Price Objective, NA: No longer valid, NR: No Rating The Investment Opinion System is contained at the end of the report under the heading "Fundamental Equity Opinion Key’. Dark grey shading indicates the security is restricted with the opinion suspended. Medium grey shading indicates the security is under review with the opinion withdrawn. Light grey shading indicates the security is not covered. Chart is current as of May 31,2017 or such later date as indicated. Equity Investment Rating Distribution: Energy Group (as of 31 Mar 2017) Coverage Universe Count Percent Inv. Banking Relationships* Count Percent Buy 109 49.77% Buy 84 77.06% Hold 52 23.14% Hold 43 82.69% Sell 58 26.48% Sell 34 58.62% Equity Investment Rating Distribution: Telecommunications Group (as of 31 Mar 2017) Coverage Universe Count Percent Inv. Banking Relationships* Count Percent Buy 18 52.00% Buy 53 67.95% Hold 30 20.00% Hold 20 66.67% Sell 42 28.00% Sell 14 33.33% Equity Investment Rating Distribution: Utilities Group (as of 31 Mar 2017) Coverage Universe Count Percent Inv. Banking Relationships* Count Percent Buy 60 48.39% Buy 39 65.00% Hold 35 28.23% Hold 26 14.29% Sell 29 23.39% Sell 7 58.62% Equity Investment Rating Distribution: Global Group (as of 31 Mar 2017) Coverage Universe Count Percent Inv. Banking Relationships* Count Percent Buy 1578 51.33% Buy 979 62.04% Hold 690 22.45% Hold 434 62.90% Sell 806 26.22% Sell 381 47.27% * Issuers that were investment banking clients of BofA Merrill