ASIA PACIFIC LEGAL ADVISORY MERGERS & ACQUISITIONS RANKINGS Q3 2012

Transcription

1 ASIA PACIFIC LEGAL ADVISORY MERGERS & ACQUISITIONS INGS Q3

2 3rd Qtr 9/29/ Table of Contents 1. Introduction 2. Asia Pacific Market Commentary 3. Global M&A Activity 4. Asia Pacific Ex-Japan Deals 7. Asia Pacific Private Equity Deals 8. Australia & New Zealand Deals 11. Japan Deals 14. China Deals 17. Hong Kong Deals 2. Taiwan Deals 23. South Korea Deals 26. India Deals 29. South East Asia Deals. 32 Disclaimer Asia Pacific M&A Legal Advisory League Table The M&A Advisory League Tables are the definitive publication of M&A advisory rankings. The tables represent the top financial and legal advisors across a broad array of deal types, regions, and industry sectors. The rankings data is comprised of mergers, acquisitions, divestitures, spin-offs, debt-for-equity-swaps, joint ventures, private placements of common equity and convertible securities, and the cash injection component of recapitalizations according to standards. M&A delivers real-time coverage of the M&A market from nine countries around the world. We provide a global perspective and local insight into unique deal structures in various markets through a network of over 8 financial and legal advisory firms, ensuring an accurate reflection of key market trends. Our quarterly league table rankings are a leading benchmark for legal and financial advisory performance, and DealSpace & DealBrief newsletters provide summary highlights of weekly M&A activity and top deal trends. Visit {NI LEAG CRL <GO>} to download copies of the final release and a full range of market specific league table results. Type 96 <GO> 82 <GO> to view live rankings. For data submissions or queries, please contact: Contact Phone Fax Asia Pacific Japan Greater China Korea Devanshi Parekh Marie Takahashi Miao Pan Hyejin Cho dparekh1@bloomberg.net mtakahashi26@bloomberg.net mpan7@bloomberg.net hcho18@bloomberg.net General M&A queries may be submitted to: m-a@bloomberg.net For 24 hour global customer support call or press the HELP key twice on the BLOOMBERG PROFESSIONAL(R) service. 1

3 Asia-Pacific Market Commentary Asia-Pacific Market Highlights: The M&A market for Asia-Pacific closed the third quarter of this year with a total of $ billion in deal volume on a YTD basis, representing a decrease of 14.2% when compared to $ billion from same period last year. Deal count slumped from 7,59 deals last year to 6,643 this year marking reduction by 11.53%. As a result, s average deal size was $13.11 million compared to $13.87 million in first three quarters of. On a quarterly basis, Q3 s total volume of $ billion dropped by 15.24% when compared to Q2, indicating a slowdown in the M&A market for. Regionally, with in any involvement Asia-Pacific deals, China continued to overtake Japan as the most acquisitive country for all the quarters this year. Chinese companies acquired $47.64 billion or 28.83% of all any involvement Asia-Pacific deals for Q3. The acquisition of Nexen Inc by CNOOC Ltd for a consideration of $17.43 billion in the third quarter was the largest deal recorded by Asia-Pacific in. On the target side, China was the top target by volume with $24.52 billion in volume, equivalent to 14.84% of all Asia-Pacific any involvement deal volume with 571 deals in Q3. The acquisitive Asia-Pacific trend continued into foreign capital flow. Asia-Pacific spent more on acquiring overseas assets than bringing in foreign capital. A total of $54 billion was spent on outbound foreign investment compared to $29.34 billion in inbound foreign capital in Q3. Both outbound and inbound investments marked an increase of 35.71% and 82.24% respectively compared to Q2 this year. Brewery companies were the top acquirers and oil exploration & production companies were the most sought after target companies this quarter. Approximately 86.27% of the deals done in Asia-Pacific were paid in cash proving that Asia-Pacific as a region did have high liquidity and ability to spend on M&A for strategic & investment purposes. Goldman Sachs & Co was the top financial advisor advising on 73 deals with a value of $98.66 billion, assisting on top transactions including the Nexen Inc and CNOOC Ltd deal. The top legal advisor by volume was Mori Hamada & Matsumoto, advising on $46.61 billion worth of deals. Nagashima Ohno & Tsunematsu was the top advisory by deal count, advising on 137 deals this year. Announce Date Target Name Acquirer Name Seller Name Total Value ($ Mln) Nexen Inc CNOOC Ltd Fraser and Neave Ltd Thai Beverage PCL Tokyo Electric Power Co Inc Nuclear Damage Compensation Facilitation Corp State Grid Energy Development Co Ltd Shenhua Group Corp Ltd China State Grid Corp EP Energy Global LLC Multiple Acquirers El Paso LLC Alibaba Group Holding Ltd Alibaba Group Holding Ltd Yahoo! Inc Sterlite Industries India Ltd Sesa Goa Ltd YTD Asia-Pacific Deal Breakdown by Volume 7% YTD Asia-Pacific Deal Value by Top Acquirer Industries Investment Companies 17% 15% 23% 15% 2% 13% 6% 7% 27% YTD Asia-Pacific Deal Breakdown by Deal Count 8% 24% 13% 2% 8% 13% 7% 25% 33% Australia & NZ China Hong Kong India Japan Korea SE Asia Taiwan Australia & NZ China Hong Kong India Japan Korea SE Asia Taiwan Import/Export Private Equity Cairn India Ltd Sesa Goa Ltd Vedanta Resources PLC Gavilon Group LLC Marubeni Corp Multiple Sellers Progress Energy Resources Corp Petroliam Nasional Bhd % 18% Diversified Operations Oil Companies- Exploration & Production 2

4 Global M&A Activity Regional Breakdown by Target Region/Country Regional Breakdown by Target Region/Country Asia-Pacific ex-japan 18.68% Americas $711,14 9,421 $889,133 9, % Latin America North America Canada $83, $16, % $652,94 8,728 $795,11 8, % $9,112 1,11 $77,74 1, % Americas 48.31% United States $534,561 7,484 $699,247 7, % EMEA $422,95 4,671 $548,881 5, % EMEA 28.67% Eastern Europe Western Europe UK $4, $74, % $348,546 3,68 $443,193 4, % $151,764 1,39 $99,35 1, % Japan 4.34% Germany $45, $45, % France $2, $82, % Asia-Pacific ex-japan $275,59 4,43 $32,19 5, % QUARTERLY Australia $43, $83, % / #Deals New Zealand $2, $3, % $7, 8, China Hong Kong South East Asia India $99,67 1,63 $87,33 2, % $1, $21, % $57, $53, % $26, $24, % Japan $63,854 1,21 $81,881 1, % Global $1,474,451 19,817 $1,841,61 21, % $6, $5, $4, $3, $2, $1, 7, 6, 5, 4, 3, 2, 1, Q1 Q2 Q3 Q4 Q1 Q2 Q3 3

5 Q3 Largest M&A Transactions Top 1 Asia Pacific Ex-Japan Deals Date 7/23/ 9/13/ 7/2/ 8/22/ 8/13/ 7/24/ 7/18/ 8/24/ 7/2/ 7/9/ 1 $17,432 NEXEN INC CNOOC LTD 2 $9,192 FRASER AND NEAVE LTD THAI BEVERAGE PCL 3 $4,361 ASIA PACIFIC BREWERIES LTD HEINEKEN NV FRASER AND NEAVE LTD 4 $3,876 CDMA NETWORK ASSETS CHINA TELECOM CORP LTD CHINA TELECOMMUNICATIONS CORP 5 $3,357 FOCUS MEDIA HOLDING LTD MULTIPLE ACQUIRERS 6 $3,34 MGN GAS NETWORK UK LTD MULTIPLE ACQUIRERS MULTIPLE SELLERS 7 $2,29 FRASER AND NEAVE LTD THAI BEVERAGE PCL OVERSEA-CHINESE BANKING CORP LTD 8 $2,82 AIX'S ASSETS FUTURE FUND AUSTRALIAN INFRASTRUCTURE FUND 9 $2,4 ASIA PACIFIC BREWERIES LTD HEINEKEN NV 1 $1,79 HAWKER BEECHCRAFT INC SUPERIOR AVIATION BEIJING CO LTD 1. CDH Investments Fund Management Co, CITIC Capital Partners, The Carlyle Group LP, China Everbright Ltd, FountainVest Partners Co Ltd, Private Investor 2. Cheung Kong Holdings Ltd, Cheung Kong Infrastructure Holdings Ltd, Li Ka Shing Foundation Ltd, Power Assets Holdings Ltd 3. AMP Capital Investors Ltd, Canada Pension Plan Investment Board, Codan Trust Co Ltd, Macquarie Group Ltd YTD Largest M&A Transactions Top 1 Asia Pacific Ex-Japan Deals Date 7/23/ 9/13/ 6/13/ 2/24/ 5/21/ 2/25/ 2/25/ 6/28/ 4/2/ 7/2/ 1 $17,432 NEXEN INC CNOOC LTD 2 $9,192 FRASER AND NEAVE LTD THAI BEVERAGE PCL 3 $8,127 STATE GRID ENERGY DEVELOPMENT CO LTD SHENHUA GROUP CORP LTD CHINA STATE GRID CORP 4 $7,15 EP ENERGY GLOBAL LLC MULTIPLE ACQUIRERS EL PASO LLC 5 $7,1 ALIBABA GROUP HOLDING LTD ALIBABA GROUP HOLDING LTD YAHOO! INC 6 $6,854 STERLITE INDUSTRIES INDIA LTD SESA GOA LTD 7 $5,9 CAIRN INDIA LTD SESA GOA LTD VEDANTA RESOURCES PLC 8 $5,45 PROGRESS ENERGY RESOURCES CORP PETROLIAM NASIONAL BHD 9 $4,997 ASIA FINANCIAL INDONESIA PTE LTD DBS GROUP HOLDINGS LTD TEMASEK HOLDINGS PTE LTD 1 $4,361 ASIA PACIFIC BREWERIES LTD HEINEKEN NV FRASER AND NEAVE LTD 1. Access Industries Inc, Apollo Global Management LLC, Korea National Oil Corp, Riverstone Holdings LLC, Unnamed Buyer 4

6 Asia Pacific Ex-Japan Deals Any Involvement, Ranked by Volume Skadden Arps Slate Meagher & Flom LLP , Paul Weiss Rifkind Wharton & Garrison LLP , Weil Gotshal & Manges LLP , WongPartnership LLP , Burnet Duckworth & Palmer LLP , Stikeman Elliott LLP , Freshfields Bruckhaus Deringer LLP , Davis Polk & Wardwell , Osler Hoskin & Harcourt LLP , Blake Cassels & Graydon LLP , Herbert Smith LLP , Baker & McKenzie LLP , Cleary Gottlieb Steen & Hamilton LLP , Morrison & Foerster LLP , Richard A Shaw Professional Corp , Stamford Law Corp , Kim & Chang , O'Melveny & Myers LLP , Allen & Overy LLP , (6.8) Ashurst LLP , (.8) $374,179 5,189 $431,64 QUARTERLY / #Deals $28, $24, $2, $16, $12, $8, $4, Q1 Q2 Q3 Q4 Q1 Q2 Q3 2,8 2,4 2, 1,6 1,

7 Asia Pacific Ex-Japan Deals Any Involvement, Ranked by Deal Count Kim & Chang , Baker & McKenzie LLP , Lee & Ko , (1.4) King & Wood Mallesons , (6.7) Allen & Gledhill , WongPartnership LLP , Freehills , (4.9) Clifford Chance LLP , Minter Ellison 8.6 2, (5.5) AZB & Partners , (1.5) Allens Arthur Robinson , (7.1) Norton Rose LLP , (1.7) Khaitan & Co , (.5) DLA Piper LLP , (1.5) Allen & Overy LLP , (6.8) Skadden Arps Slate Meagher & Flom LLP , Ashurst LLP , (.8) Linklaters LLP , (2.1) Jones Day , (.3) Amarchand Mangaldas & Suresh A Shroff & Co , $374,179 5,189 $431,64 *Tables based on deal count, then volume. Market share based on deal volume. QUARTERLY / #Deals $28, $24, $2, $16, $12, $8, $4, Q1 Q2 Q3 Q4 Q1 Q2 Q3 2,8 2,4 2, 1,6 1,

8 Asia Pacific Private Equity Deals Any Involvement, Ranked by Volume Weil Gotshal & Manges LLP , Paul Weiss Rifkind Wharton & Garrison LLP , Skadden Arps Slate Meagher & Flom LLP , Kim & Chang , Debevoise & Plimpton LLP , Blake Cassels & Graydon LLP , (1.) Mori Hamada & Matsumoto , Vinson & Elkins LLP , Simpson Thacher & Bartlett LLP , (13.3) Linklaters LLP , Jones Day , O'Melveny & Myers LLP , Baker Botts LLP , Bracewell & Giuliani LLP , Mattos Filho Veiga Filho Marrey Jr e Quiroga Advogado , Morgan Lewis & Bockius LLP , (1.6) Willkie Farr & Gallagher LLP , Davis Polk & Wardwell , Osler Hoskin & Harcourt LLP , Hengeler Mueller , $73, $134,351 QUARTERLY / #Deals $6, $5, $4, $3, $2, $1, Q1 Q2 Q3 Q4 Q1 Q2 Q

9 Q3 Largest M&A Transactions Top 1 Australia & New Zealand Deals Date 7/24/ 8/24/ 7/24/ 9/11/ 9/19/ 8/23/ 7/12/ 7/3/ 7/24/ 8/13/ 1 $3,34 MGN GAS NETWORK UK LTD MULTIPLE ACQUIRERS MULTIPLE SELLERS 2 $2,82 AIX'S ASSETS FUTURE FUND AUSTRALIAN INFRASTRUCTURE FUND 3 $1,148 BILLABONG INTERNATIONAL LTD TPG CAPITAL 4 $1,1 FISHER & PAYKEL APPLIANCES HOLDINGS LTD HAIER ELECTRONICS GROUP CO LTD 5 $981 CGA MINING LTD B2GOLD CORP 6 $672 TALISON LITHIUM LTD ROCKWOOD HOLDINGS INC 7 $663 TELSTRACLEAR LTD VODAFONE GROUP PLC TELSTRA CORP LTD 8 $646 NORTHERN IRON LTD PROMINVEST AG 9 $627 NORTHERN IRON LTD ADITYA BIRLA GROUP 1 $554 COATED PRODUCTS OPERATIONS NIPPON STEEL CORP BLUESCOPE STEEL LTD YTD Largest M&A Transactions Top 1 Australia & New Zealand Deals Date 5/16/ 7/24/ 5/1/ 8/24/ 5/1/ 6/2/ 2/1/ 2/14/ 3/3/ 1/17/ 1 $4,78 OPEN GRID EUROPE GMBH MULTIPLE ACQUIRERS E.ON AG 2 $3,34 MGN GAS NETWORK UK LTD MULTIPLE ACQUIRERS MULTIPLE SELLERS 3 $2,326 SYDNEY DESALINATION PLANT PTY LTD MULTIPLE ACQUIRERS 4 $2,82 AIX'S ASSETS FUTURE FUND AUSTRALIAN INFRASTRUCTURE FUND 5 $2, BROWSE LNG DEVELOPMENT MULTIPLE ACQUIRERS WOODSIDE PETROLEUM LTD 6 $1,911 CONSOLIDATED MEDIA HOLDINGS LTD NEWS CORP 7 $1,91 RICHARDS BAY MINERALS RIO TINTO PLC BHP BILLITON LTD 8 $1,8 US REGIONAL MALL PORTFOLIO CANADA PENSION PLAN INVESTMENT BOARD WESTFIELD GROUP 9 $1,557 ROY HILL HOLDINGS PTY LTD MARUBENI CORP HANCOCK PROSPECTING PTY LTD 1 $1,552 ROY HILL HOLDINGS PTY LTD POSCO HANCOCK PROSPECTING PTY LTD 8

10 Australia & New Zealand Deals Any Involvement, Ranked by Volume Freehills , (7.3) Allens Arthur Robinson , (16.7) Gilbert + Tobin , (.5) King & Wood Mallesons , (15.6) Ashurst LLP , Clayton Utz , (15.1) Baker & McKenzie LLP , (.6) Weil Gotshal & Manges LLP , (.8) Linklaters LLP , Hengeler Mueller , Latham & Watkins LLP , (16.2) Osler Hoskin & Harcourt LLP , (1.7) Skadden Arps Slate Meagher & Flom LLP , (3.) CMS , Norton Rose LLP , (2.7) Clifford Chance LLP , Blake Cassels & Graydon LLP , Allen & Overy LLP , (16.4) Minter Ellison , (14.1) Simpson Thacher & Bartlett LLP , (21.7) $67, $133,424 QUARTERLY / #Deals $1, $8, $6, $4, $2, Q1 Q2 Q3 Q4 Q1 Q2 Q

11 Australia & New Zealand Deals Any Involvement, Ranked by Deal Count King & Wood Mallesons , (15.6) Freehills , (7.3) Minter Ellison , (14.1) Baker & McKenzie LLP , (.6) Allens Arthur Robinson , (16.7) Gilbert + Tobin , (.5) Clayton Utz , (15.1) Norton Rose LLP , (2.7) DLA Piper LLP Corrs Chambers Westgarth , (14.6) Ashurst LLP , Allen & Overy LLP , (16.4) Clifford Chance LLP , HopgoodGanim Lawyers Jones Day (4.3) Osler Hoskin & Harcourt LLP , (1.7) Blake Cassels & Graydon LLP , Kirkland & Ellis LLP Linklaters LLP , Latham & Watkins LLP , (16.2) $67, $133,424 *Tables based on deal count, then volume. Market share based on deal volume. QUARTERLY / #Deals $1, $8, $6, $4, $2, Q1 Q2 Q3 Q4 Q1 Q2 Q

12 Q3 Largest M&A Transactions Top 1 Japan Deals Date 7/12/ 7/2/ 8/29/ 8/23/ 8/29/ 8/28/ 9/17/ 7/5/ 8/23/ 8/24/ 1 $4,539 AEGIS GROUP PLC DENTSU INC 2 $4,426 ELPIDA MEMORY INC MICRON TECHNOLOGY INC 3 $3,7 GOODMAN GLOBAL GROUP INC DAIKIN INDUSTRIES LTD HELLMAN & FRIEDMAN LLC 4 $2,8 ANGLO AMERICAN SUR SA MULTIPLE ACQUIRERS ANGLO AMERICAN PLC 5 $2,536 SUMITOMO LIGHT METAL INDUSTRIES LTD FURUKAWA-SKY ALUMINUM CORP 6 $2,277 CFAO SA TOYOTA TSUSHO CORP 7 $1,685 PACKAGED FOOD & FRESH PRODUCE ITOCHU CORP DOLE FOOD CO INC 8 $1,188 PARCO CO LTD J FRONT RETAILING CO LTD 9 $1,1 INVERSIONES MINERAS ACRUX SPA MITSUI & CO LTD 1 $1, AKINDO SUSHIRO CO LTD PERMIRA HOLDINGS LTD UNISON CAPITAL INC YTD Largest M&A Transactions Top 1 Japan Deals Date 5/21/ 5/29/ 7/12/ 7/2/ 5/21/ 1/3/ 8/29/ 8/23/ 8/29/ 8/28/ 1 $8,573 TOKYO ELECTRIC POWER CO INC NUCLEAR DAMAGE COMPENSATION GAVILON GROUP LLC 2 $5,6 MARUBENI CORP MULTIPLE SELLERS 3 $4,539 AEGIS GROUP PLC DENTSU INC 4 $4,426 ELPIDA MEMORY INC MICRON TECHNOLOGY INC 5 $4,34 TOKYO ELECTRIC POWER CO INC NUCLEAR DAMAGE COMPENSATION 6 $3,957 EXXONMOBIL YK TONENGENERAL SEKIYU KK EXXON MOBIL CORP 7 $3,7 GOODMAN GLOBAL GROUP INC DAIKIN INDUSTRIES LTD HELLMAN & FRIEDMAN LLC 8 $2,8 ANGLO AMERICAN SUR SA MULTIPLE ACQUIRERS ANGLO AMERICAN PLC 9 $2,536 SUMITOMO LIGHT METAL INDUSTRIES LTD FURUKAWA-SKY ALUMINUM CORP 1 $2,277 CFAO SA TOYOTA TSUSHO CORP 11

13 Japan Deals Any Involvement, Ranked by Volume Mori Hamada & Matsumoto , Nagashima Ohno & Tsunematsu , (5.) Nishimura & Asahi , Anderson Mori & Tomotsune , (4.8) Blake Cassels & Graydon LLP , (1.8) Sullivan & Cromwell LLP , (8.5) Jones Day , Skadden Arps Slate Meagher & Flom LLP , (3.2) Shearman & Sterling LLP , (19.8) Morrison & Foerster LLP , (1.3) Simpson Thacher & Bartlett LLP , (16.2) Baker & McKenzie LLP , Paul Weiss Rifkind Wharton & Garrison LLP , Slaughter & May , Davis Polk & Wardwell , White & Case LLP , (5.7) Linklaters LLP , Allens Arthur Robinson , Oh-Ebashi LPC & Partners , (5.9) Lee & Li , $121,831 1,826 $141,186 QUARTERLY / #Deals $6, $5, $4, $3, $2, $1, Q1 Q2 Q3 Q4 Q1 Q2 Q

14 Japan Deals Any Involvement, Ranked by Deal Count Nagashima Ohno & Tsunematsu , (5.) Mori Hamada & Matsumoto , Nishimura & Asahi , Baker & McKenzie LLP , Anderson Mori & Tomotsune , (4.8) Kim & Chang 6.9 1, Morrison & Foerster LLP , (1.3) Skadden Arps Slate Meagher & Flom LLP , (3.2) Jones Day , White & Case LLP , (5.7) Lee & Ko Clifford Chance LLP , Shearman & Sterling LLP , (19.8) Davis Polk & Wardwell , Sullivan & Cromwell LLP , (8.5) Linklaters LLP , Oh-Ebashi LPC & Partners , (5.9) King & Wood Mallesons , Freshfields Bruckhaus Deringer LLP , (11.7) Ashurst LLP 2.9 1, (3.6) $121,831 1,826 $141,186 *Tables based on deal count, then volume. Market share based on deal volume. QUARTERLY / #Deals $6, $5, $4, $3, $2, $1, Q1 Q2 Q3 Q4 Q1 Q2 Q

15 Q3 Largest M&A Transactions Top 1 China Deals Date 7/23/ 8/22/ 8/13/ 7/9/ 7/23/ 7/2/ 7/25/ 9/27/ 9/27/ 7/17/ 1 $17,432 NEXEN INC CNOOC LTD 2 $3,876 CDMA NETWORK ASSETS CHINA TELECOM CORP LTD CHINA TELECOMMUNICATIONS CORP 3 $3,357 FOCUS MEDIA HOLDING LTD MULTIPLE ACQUIRERS 4 $1,79 HAWKER BEECHCRAFT INC SUPERIOR AVIATION BEIJING CO LTD 5 $1,475 TALISMAN ENERGY UK LTD CHINA PETROLEUM & CHEMICAL CORP TALISMAN ENERGY INC 6 $942 CLSA BV CITIC SECURITIES CO LTD CREDIT AGRICOLE SA 7 $811 MULTIPLE TARGETS BEIHAI PORT CO LTD GUANGXI BEIBU GULF INTERNATIONAL 8 $653 CHINA KANGHUI HOLDINGS INC MEDTRONIC INC 9 $624 ZHONGNAN DIAMOND CO LTD HUNAN JIANGNAN RED ARROW CO LTD MULTIPLE SELLERS 1 $622 TITAN PETROCHEMICALS GROUP LTD GUANGDONG ZHENRONG ENERGY CO LTD 1. CDH Investments Fund Management Co, CITIC Capital Partners, The Carlyle Group LP, China Everbright Ltd, FountainVest Partners Co Ltd, Private Investor 2. Beibu Gulf Towing Fangcheng Port Co Ltd, Fangcheng Port Beibu Gulf Port Co Ltd, Qinzhou Port Group Co Ltd 3. Guangxi Beibu Gulf International Port Group Ltd 4. Beijing Jinwanzhong Technology Development Co Ltd, China North Industries Group Corp, Private Investor YTD Largest M&A Transactions Top 1 China Deals Date 7/23/ 6/13/ 5/21/ 2/29/ 8/22/ 8/13/ 5/29/ 2/29/ 5/21/ 6/5/21 1 $17,432 NEXEN INC CNOOC LTD STATE GRID ENERGY DEVELOPMENT CO LTD 2 $8,127 SHENHUA GROUP CORP LTD CHINA STATE GRID CORP 3 $7,1 ALIBABA GROUP HOLDING LTD ALIBABA GROUP HOLDING LTD YAHOO! INC 4 $4,72 STAINLESS STEEL DEPARTMENT ASSETS SHANGHAI BAOSTEEL GROUP CORP BAOSHAN IRON & STEEL CO LTD 5 $3,876 CDMA NETWORK ASSETS CHINA TELECOM CORP LTD CHINA TELECOMMUNICATIONS CORP 6 $3,357 FOCUS MEDIA HOLDING LTD MULTIPLE ACQUIRERS 7 $2,85 ASSETS IN CHONGQING CHONGQING IRON & STEEL CO LTD CHONGQING IRON & STEEL GROUP CO LTD 8 $2,696 MULTIPLE TARGETS SHANGHAI BAOSTEEL GROUP CORP BAOSHAN IRON & STEEL CO LTD 9 $2,6 AMC ENTERTAINMENT HOLDINGS INC DALIAN WANDA GROUP CORP LTD MULTIPLE SELLERS 1 $2,587 MULTIPLE TARGETS YUNNAN YUNTIANHUA CO LTD MULTIPLE SELLERS 1. CDH Investments Fund Management Co, CITIC Capital Partners, The Carlyle Group LP, China Everbright Ltd, FountainVest Partners Co Ltd, Private Investor 2. AVIC Special Material Industrial XiAn Co Ltd, Baoyin Special Steel Tiles Co Ltd, Shanghai Baosteel Special Steel Material Co Ltd, Shanghai Wugang Gas Co Ltd, Special Steel Department Asset & Liability 3. Apollo Global Management LLC, Bain Capital Partners LLC, CCMP Capital Advisors LLC, The Carlyle Group LP, Spectrum Equity Investors LP, Weston Presidio Service Co LLC 4. Assets of Yuntian Chemical Group Co Ltd, Yunnan Phosphate Chemical Group Co Ltd, Yunnan Three Circles Sinochem Fertilizers Co Ltd, Yunnan Tianan Chemical Co Ltd, Yunnan Tianchuang Technology Co Ltd, Yunnan Yuntianhua International Chemical Co Ltd, Yuntianhua United Commerce Co Ltd, Zhongqing Yilan Group Ltd 5. Aluminum Corp of China, Sinofert Holdings Ltd, Yunnan Industrial Investment Holding Group Co Ltd, Yunnan Investment Group Co Ltd, Yunnan Jiang Phosphorus Group, Yunnan Jinxing Chemical Industry Co Ltd, Yunnan Metallurgical Group Co Ltd, Yuntian Chemical Group Co Ltd 14

16 China Deals Any Involvement, Ranked by Volume Stikeman Elliott LLP , Davis Polk & Wardwell , Herbert Smith LLP , Cleary Gottlieb Steen & Hamilton LLP , Paul Weiss Rifkind Wharton & Garrison LLP , Blake Cassels & Graydon LLP , Morrison & Foerster LLP , Burnet Duckworth & Palmer LLP , Osler Hoskin & Harcourt LLP , Richard A Shaw Professional Corp , Freshfields Bruckhaus Deringer LLP , Skadden Arps Slate Meagher & Flom LLP , Weil Gotshal & Manges LLP , Sullivan & Cromwell LLP , Baker & McKenzie LLP , Jingtian & Gongcheng Attorneys at Law , Kirkland & Ellis LLP , O'Melveny & Myers LLP , White & Case LLP , Fenwick & West LLP , $14,299 1,872 $129,292 QUARTERLY / #Deals $8, $7, $6, $5, $4, $3, $2, $1, Q1 Q2 Q3 Q4 Q1 Q2 Q3 1,2 1,

17 China Deals Any Involvement, Ranked by Deal Count Baker & McKenzie LLP , Grandall Legal Group , Skadden Arps Slate Meagher & Flom LLP , Jingtian & Gongcheng Attorneys at Law , King & Wood Mallesons , (5.1) Clifford Chance LLP , (.1) Freshfields Bruckhaus Deringer LLP , Jia Yuan Law Firm (.3) Mayer Brown LLP (.8) Linklaters LLP , (3.8) Ashurst LLP , (1.2) Shearman & Sterling LLP (1.1) Zhejiang T&C Law Firm (.2) Weil Gotshal & Manges LLP , Sullivan & Cromwell LLP , Kirkland & Ellis LLP , Zhongyin Law Firm WongPartnership LLP (1.3) Cleary Gottlieb Steen & Hamilton LLP , Paul Weiss Rifkind Wharton & Garrison LLP , $14,299 1,872 $129,292 *Tables based on deal count, then volume. Market share based on deal volume. QUARTERLY / #Deals $8, $7, $6, $5, $4, $3, $2, $1, Q1 Q2 Q3 Q4 Q1 Q2 Q3 1,2 1,

18 Q3 Largest M&A Transactions Top 1 HK Deals Date 7/24/ 8/8/ 9/11/ 7/17/ 9/18/ 7/15/ 7/9/ 7/25/ 7/27/ 7/13/ 1 $3,34 MGN GAS NETWORK UK LTD MULTIPLE ACQUIRERS MULTIPLE SELLERS 2 $1,63 KYOBO LIFE INSURANCE CO LTD MULTIPLE ACQUIRERS DAEWOO INTERNATIONAL CORP FISHER & PAYKEL APPLIANCES HOLDINGS LTD 3 $1,1 HAIER ELECTRONICS GROUP CO LTD 4 $622 TITAN PETROCHEMICALS GROUP LTD GUANGDONG ZHENRONG ENERGY CO LTD 5 $535 GREEN ENERGY HOLDING CO LTD BEIJING DEVELOPMENT HK LTD CHINA GREEN ENERGY LTD 6 $377 BILLION INDUSTRIAL HOLDINGS LTD CECIC CHONGQING INDUSTRY CO LTD MULTIPLE SELLERS 7 $312 SINOWISE CENTURY LTD CHINA PRECIOUS METAL RESOURCES PREMIUM WISE INC 8 $266 GCL ALPAUGH EQUITY HOLDCO LLC CONSOLIDATED EDISON INC GCL-POLY ENERGY HOLDINGS LTD 9 $242 GLOBAL PAYMENTS ASIA-PACIFIC LTD GLOBAL PAYMENTS INC HSBC HOLDINGS PLC 1 $26 SPLENDOR SHEEN LTD SOUTH CHINA CHINA LTD SOUTH CHINA LAND LTD 1. Cheung Kong Holdings Ltd, Cheung Kong Infrastructure Holdings Ltd, Li Ka Shing Foundation Ltd, Power Assets Holdings Ltd 2. AMP Capital Investors Ltd, Codan Trust Co Ltd, Macquarie Group Ltd, Canada Pension Plan Investment Board 3. Affinity Equity Partners Ltd, Unnamed Buyer 4. Kingom Power, Winwett Investments 5. China Precious Metal Resources Holdings Co Ltd YTD Largest M&A Transactions Top 1 HK Deals Date 7/24/ 6/15/ 5/28/ 2/3/ 8/8/ 9/11/ 6/18/ 4/11/ 5/15/ 7/17/ 1 $3,34 MGN GAS NETWORK UK LTD MULTIPLE ACQUIRERS MULTIPLE SELLERS LONDON METAL EX LTD 2 $2,172 HONG KONG EXS AND CLEARING LTD 3 $2,16 TOWER TOP DEVELOPMENT LTD YUEXIU REAL ESTATE INVESTMENT TRUST ORANGE AUSTRIA TELECOMMUNICATION GMBH 4 $1,78 HUTCHISON WHAMPOA LTD MULTIPLE SELLERS 5 $1,63 KYOBO LIFE INSURANCE CO LTD MULTIPLE ACQUIRERS DAEWOO INTERNATIONAL CORP FISHER & PAYKEL APPLIANCES HOLDINGS LTD 6 $1,1 HAIER ELECTRONICS GROUP CO LTD 7 $75 GREENWICH PENINSULA REGENERATION LTD KNIGHT DRAGON QUINTAIN ESTATES & DEVELOPMENT PLC 8 $638 MULTIPLE TARGETS CVC CAPITAL PARTNERS GROUP SARL CITY TELECOM HK LTD 9 $628 OFFICE BUILDING ON CONNAUGHT ROAD AGRICULTURAL BANK OF CHINA LTD 1 $622 TITAN PETROCHEMICALS GROUP LTD GUANGDONG ZHENRONG ENERGY CO LTD 1. Cheung Kong Holdings Ltd, Cheung Kong Infrastructure Holdings Ltd, Li Ka Shing Foundation Ltd, Power Assets Holdings Ltd 2. AMP Capital Investors Ltd, Codan Trust Co Ltd, Macquarie Group Ltd, Canada Pension Plan Investment Board 3. France Telecom SA, Mid Europe Partners 4. Affinity Equity Partners Ltd, Unnamed Buyer 5. Automedia Holdings Ltd, City Telecom International Ltd, Credibility Holdings Ltd 17

19 Hong Kong Deals Any Involvement, Ranked by Volume Freshfields Bruckhaus Deringer LLP , (1.9) Allen & Overy LLP , Baker & McKenzie LLP , CMS , Jones Day , Linklaters LLP , Clifford Chance LLP , Kim & Chang , Weil Gotshal & Manges LLP , (.1) Yoon & Yang , White & Case LLP , Bell Gully , Norton Rose LLP (3.6) Andrews Kurth LLP McCarthy Tetrault LLP Sullivan & Cromwell LLP (.5) Rajah & Tann Machado Meyer Sendacz e Opice Advogados Debevoise & Plimpton LLP Shearman & Sterling LLP $33, $55,46 QUARTERLY / #Deals $6, $5, $4, $3, $2, $1, Q1 Q2 Q3 Q4 Q1 Q2 Q

20 Hong Kong Deals Any Involvement, Ranked by Deal Count Baker & McKenzie LLP , Clifford Chance LLP , Linklaters LLP , Freshfields Bruckhaus Deringer LLP , (1.9) Allen & Overy LLP , Jones Day , Paul Weiss Rifkind Wharton & Garrison LLP Mayer Brown LLP (4.6) Kirkland & Ellis LLP (1.1) Allen & Gledhill (.9) White & Case LLP , Norton Rose LLP (3.6) Paul Hastings LLP (5.1) Shook Lin & Bok LLP WongPartnership LLP Latham & Watkins LLP CMS , Kim & Chang , Rajah & Tann Debevoise & Plimpton LLP $33, $55,46 *Tables based on deal count, then volume. Market share based on deal volume. QUARTERLY / #Deals $6, $5, $4, $3, $2, $1, Q1 Q2 Q3 Q4 Q1 Q2 Q

21 Q3 Largest M&A Transactions Top 1 Taiwan Deals Date 8/5/ 8/14/ 8/3/ 7/2/ 8/28/ 9/28/ 8/9/ 8/28/ 8/9/ 8/3/ 1 $1,37 ASML HOLDING NV TAIWAN SEMICONDUCTOR MANUFACTURING 2 $1,8 MSTAR SEMICONDUCTOR INC MEDIATEK INC 3 $325 SPRINGSOFT INC SYNOPSYS INC 4 $15 BEATS ELECTRONICS LLC PRIVATE INVESTOR HTC CORP 5 $141 NANYA TECHNOLOGY CORP NAN YA PLASTICS CORP 6 $122 LCD PANEL PATENTS HON HAI PRECISION INDUSTRY CO LTD NEC CORP 7 $117 HUGA OPTOTECH INC EPISTAR CORP 8 $68 YUANTA FUTURES CO LTD YUANTA FINANCIAL HOLDING CO LTD 9 $6 ONSTATIC TECHNOLOGY CO LTD TAIYO HOLDINGS CO LTD MULTIPLE SELLERS 1 $5 SIPIX TECHNOLOGY INC E INK HOLDINGS INC 1. Taiwan Semiconductor Manufacturing Co Ltd 2. Advance Materials Corp, Goo Chemical Co Ltd YTD Largest M&A Transactions Top 1 Taiwan Deals Date 4/6/ 6/22/ 8/5/ 8/14/ 3/27/ 3/27/ 8/3/ 2/25/ 3/21/ 6/27/ 1 $1,844 KGI SECURITIES CO LTD CHINA DEVELOPMENT FINANCIAL CORP 2 $1,774 MSTAR SEMICONDUCTOR INC MEDIATEK INC 3 $1,37 ASML HOLDING NV TAIWAN SEMICONDUCTOR MANUFACTURING 4 $1,8 MSTAR SEMICONDUCTOR INC MEDIATEK INC 5 $794 SAKAI DISPLAY PRODUCTS CORP SIO INTERNATIONAL HOLDINGS LTD SHARP CORP 6 $537 SHARP CORP HON HAI PRECISION INDUSTRY CO LTD 7 $325 SPRINGSOFT INC SYNOPSYS INC 8 $29 EVERBEAUTY CORP SVENSKA CELLULOSA AB 9 $26 PAPER AND CARDBOARD BUSINESS CHUNG HWA PULP CORP YUEN FOONG YU PAPER MANUFACTURING 1 $237 NEIHU XIHU SECTION COMMERCIAL BUILDING FUBON FINANCIAL HOLDING CO LTD CHONG HONG CONSTRUCTION CO 1. Taiwan Semiconductor Manufacturing Co Ltd 2. Yuen Foong Yu Paper Manufacturing Co Ltd 2

22 Taiwan Deals Any Involvement, Ranked by Volume Lee & Li , Lexcel Partners Attorney-at-Law , (7.1) Jones Day , First Law And Intellectual Property Offices , Davis Polk & Wardwell , Skadden Arps Slate Meagher & Flom LLP , LCS & Partners (3.6) Baker & McKenzie LLP (2.4) Chen & Lin Sidley Austin LLP Clifford Chance LLP Freshfields Bruckhaus Deringer LLP (9.6) PricewaterhouseCoopers Legal (27.) Linklaters LLP DLA Piper LLP Stamford Law Corp WongPartnership LLP (2.) Fried Frank Harris Shriver & Jacobson LLP Morgan Lewis & Bockius LLP Paul Hastings LLP $11, $17,878 QUARTERLY / #Deals $2, $16, $12, $8, $4, Q1 Q2 Q3 Q4 Q1 Q2 Q

23 Taiwan Deals Any Involvement, Ranked by Deal Count Lee & Li , PricewaterhouseCoopers Legal (27.) Chen & Lin LCS & Partners (3.6) Lexcel Partners Attorney-at-Law , (7.1) Jones Day , Baker & McKenzie LLP (2.4) DLA Piper LLP First Law And Intellectual Property Offices , Davis Polk & Wardwell , Skadden Arps Slate Meagher & Flom LLP , Sidley Austin LLP Clifford Chance LLP Freshfields Bruckhaus Deringer LLP (9.6) Linklaters LLP Stamford Law Corp WongPartnership LLP (2.) Fried Frank Harris Shriver & Jacobson LLP Morgan Lewis & Bockius LLP Paul Hastings LLP $11, $17,878 *Tables based on deal count, then volume. Market share based on deal volume. QUARTERLY / #Deals $2, $16, $12, $8, $4, Q1 Q2 Q3 Q4 Q1 Q2 Q

24 Q3 Largest M&A Transactions Top 1 South Korea Deals Date 7/5/ 8/8/ 8/16/ 8/27/ 8/24/ 8/27/ 7/17/ 8/13/ 9/27/ 8/14/ 1 $1,788 HIMART CO LTD LOTTE SHOPPING CO LTD MULTIPLE SELLERS 2 $1,63 KYOBO LIFE INSURANCE CO LTD MULTIPLE ACQUIRERS DAEWOO INTERNATIONAL CORP 3 $1,51 WOONGJIN COWAY CO LTD MBK PARTNERS LTD WOONGJIN HOLDINGS CO LTD 4 $629 ASML HOLDING NV SAMSUNG ELECTRONICS CO LTD 5 $535 FOUR HOMEPLUS STORES IGIS ASSET MANAGEMENT CO LTD TESCO PLC 6 $323 BUSINESS OPERATIONS OF Q-CELLS SE HANWHA CHEMICAL CORP GLOBAL PVQ SE 7 $31 HANDSET OPERATIONS SAMSUNG ELECTRONICS CO LTD CSR PLC 8 $227 ONE WOOD ST BUILDING IGIS ASSET MANAGEMENT CO LTD AERIUM LLP 9 $28 KYUNGGI HIGHWAY CO LTD KYUNGGI HIGHWAY INVESTMENT CO LTD 1 $169 POSCO ENERGY CORP DIGITAL POWER COMMUNICATIONS CO 1. Eugene Corp, Eugene Investment & Securities Co Ltd, HI Consortium Investment Co Ltd, Hanil Electric MMC Co Ltd, National Agricultural Cooperative Federation, Private Investor 2. Affinity Equity Partners Ltd, Unnamed Buye YTD Largest M&A Transactions Top 1 South Korea Deals Date 2/24/ 4/27/ 7/5/ 1/17/ 8/8/ 8/16/ 6/4/ 6/8/ 8/27/ 8/24/ 1 $7,15 EP ENERGY GLOBAL LLC MULTIPLE ACQUIRERS EL PASO LLC 2 $3,773 SAMSUNG MOBILE DISPLAY CO LTD SAMSUNG ELECTRONICS CO LTD SAMSUNG SDI CO LTD 3 $1,788 HIMART CO LTD LOTTE SHOPPING CO LTD MULTIPLE SELLERS 4 $1,552 ROY HILL HOLDINGS PTY LTD POSCO HANCOCK PROSPECTING PTY LTD 5 $1,63 KYOBO LIFE INSURANCE CO LTD MULTIPLE ACQUIRERS DAEWOO INTERNATIONAL CORP 6 $1,51 WOONGJIN COWAY CO LTD MBK PARTNERS LTD WOONGJIN HOLDINGS CO LTD 7 $938 NON-REFINING BUSINESSES GS HOLDINGS GS CALTEX CORP 8 $685 NCSOFT CORP NEXON CO LTD 9 $629 ASML HOLDING NV SAMSUNG ELECTRONICS CO LTD 1 $535 FOUR HOMEPLUS STORES IGIS ASSET MANAGEMENT CO LTD TESCO PLC 1. Access Industries Inc, Apollo Global Management LLC, Korea National Oil Corp, Riverstone Holdings LLC, Unnamed Buyer 2. Eugene Corp, Eugene Investment & Securities Co Ltd, Hi Consortium Investment Co Ltd, Hanil Electric MMC Co Ltd, National Agricultural Cooperative Federation, Private Investor 3. Affinity Equity Partners Ltd, Unnamed Buyer 23

25 South Korea Deals Any Involvement, Ranked by Volume Kim & Chang , Lee & Ko , (17.7) Weil Gotshal & Manges LLP , Willkie Farr & Gallagher LLP , Baker Botts LLP , Bracewell & Giuliani LLP , Debevoise & Plimpton LLP , Mattos Filho Veiga Filho Marrey Jr e Quiroga Advogado , Morgan Lewis & Bockius LLP , O'Melveny & Myers LLP , Paul Weiss Rifkind Wharton & Garrison LLP , Vinson & Elkins LLP , Bae Kim & Lee , (4.6) Yulchon LLC , Latham & Watkins LLP , Shin & Kim , (15.6) Freehills , Yoon & Yang , Linklaters LLP , De Brauw Blackstone Westbroek NV $37, $4,486 QUARTERLY / #Deals $24, $2, $16, $12, $8, $4, Q1 Q2 Q3 Q4 Q1 Q2 Q

26 South Korea Deals Any Involvement, Ranked by Deal Count Kim & Chang , Lee & Ko , (17.7) Shin & Kim , (15.6) Bae Kim & Lee , (4.6) Yoon & Yang , Yulchon LLC , HYUN Law Nagashima Ohno & Tsunematsu Weil Gotshal & Manges LLP , Latham & Watkins LLP , Mori Hamada & Matsumoto Willkie Farr & Gallagher LLP , Freehills , Linklaters LLP , Wilson Sonsini Goodrich & Rosati PC (2.2) Baker & McKenzie LLP (.3) Clifford Chance LLP Paul Hastings LLP (3.3) Allen & Overy LLP (2.9) King & Wood Mallesons $37, $4,486 *Tables based on deal count, then volume. Market share based on deal volume. QUARTERLY / #Deals $24, $2, $16, $12, $8, $4, Q1 Q2 Q3 Q4 Q1 Q2 Q

27 Q3 Largest M&A Transactions Top 1 India Deals Date 9/3/ 9/7/ 7/24/ 8/13/ 7/3/ 9/28/ 9/1/ 7/5/ 9/17/ 8/29/ 1 $1,361 JSW ISPAT STEEL LTD JSW STEEL LTD 2 $1, MULTIPLE TARGETS OIL & NATURAL GAS CORP LTD HESS CORP 3 $627 NORTHERN IRON LTD ADITYA BIRLA GROUP 4 $486 MULTIPLE TARGETS LODHA DEVELOPERS LTD DLF LTD 5 $425 AGRAQUEST INC BAYER CROPSCIENCE LTD 6 $372 BP CHEMICALS MALAYSIA SDN BHD RELIANCE INDUSTRIES LTD BP PLC 7 $349 LODESTONE HOLDING AG INFOSYS LTD TERRACE BAY PULP MILL 8 $3 ADITYA BIRLA NUVO LTD 9 $216 ALSTOM T&D INDIA LTD ALSTOM SA 1 $2 API & R&D FACILITIES HOSPIRA INC ORCHID CHEMICALS & PHARMACEUTICALS YTD Largest M&A Transactions Top 1 India Deals Date 2/25/ 2/25/ 9/3/ 3/21/ 9/7/ 5/16/ 7/24/ 2/4/ 8/13/ 2/21/ 1 $6,854 STERLITE INDUSTRIES INDIA LTD SESA GOA LTD 2 $5,9 CAIRN INDIA LTD SESA GOA LTD VEDANTA RESOURCES PLC 3 $1,361 JSW ISPAT STEEL LTD JSW STEEL LTD 4 $1,227 SATYAM COMPUTER SERVICES LTD TECH MAHINDRA LTD 5 $1, MULTIPLE TARGETS OIL & NATURAL GAS CORP LTD HESS CORP 6 $635 DECISION RESOURCES GROUP LLC PIRAMAL ENTERPRISES LTD 7 $627 NORTHERN IRON LTD ADITYA BIRLA GROUP 8 $616 VODAFONE INDIA LTD PIRAMAL HOLDINGS ESSAR TELEHOLDINGS LTD 9 $486 MULTIPLE TARGETS LODHA DEVELOPERS LTD DLF LTD 1 $45 DELLAWOOD HOLDINGS LTD RELIANCE INDUSTRIES LTD 26

28 India Deals Any Involvement, Ranked by Volume Skadden Arps Slate Meagher & Flom LLP , Ashurst LLP , AZB & Partners , (19.7) Amarchand Mangaldas & Suresh A Shroff & Co , (1.) Jones Day , Khaitan & Co , (5.9) Latham & Watkins LLP , Herbert Smith LLP Baker & McKenzie LLP Weil Gotshal & Manges LLP Linklaters LLP (2.4) Paul Weiss Rifkind Wharton & Garrison LLP Freshfields Bruckhaus Deringer LLP (.2) Freehills (.4) Clifford Chance LLP (.1) Gibson Dunn & Crutcher LLP Davis Polk & Wardwell Kirkland & Ellis LLP (5.3) Anderson Mori & Tomotsune DLA Piper LLP $33, $34,719 QUARTERLY / #Deals $28, $24, $2, $16, $12, $8, $4, Q1 Q2 Q3 Q4 Q1 Q2 Q

29 India Deals Any Involvement, Ranked by Deal Count AZB & Partners , (19.7) Khaitan & Co , (5.9) Amarchand Mangaldas & Suresh A Shroff & Co , (1.) Freshfields Bruckhaus Deringer LLP (.2) Clifford Chance LLP (.1) Jones Day , Herbert Smith LLP Gibson Dunn & Crutcher LLP WongPartnership LLP (.5) Baker & McKenzie LLP Weil Gotshal & Manges LLP Linklaters LLP (2.4) Norton Rose LLP (1.7) Skadden Arps Slate Meagher & Flom LLP , Ashurst LLP , Latham & Watkins LLP , Paul Weiss Rifkind Wharton & Garrison LLP Davis Polk & Wardwell Allen & Overy LLP (21.3) Shearman & Sterling LLP (4.) $33, $34,719 *Tables based on deal count, then volume. Market share based on deal volume. QUARTERLY / #Deals $28, $24, $2, $16, $12, $8, $4, Q1 Q2 Q3 Q4 Q1 Q2 Q

30 Q3 Largest M&A Transactions Top 1 South East Asia Deals Date 9/13/ 7/2/ 7/18/ 7/2/ 8/17/ 8/27/ 7/18/ 8/13/ 7/31/ 7/5/ 1 $9,192 FRASER AND NEAVE LTD THAI BEVERAGE PCL 2 $4,361 ASIA PACIFIC BREWERIES LTD HEINEKEN NV FRASER AND NEAVE LTD 3 $2,29 FRASER AND NEAVE LTD THAI BEVERAGE PCL OVERSEA-CHINESE BANKING CORP LTD 4 $2,4 ASIA PACIFIC BREWERIES LTD HEINEKEN NV 5 $1,412 FGP TOPCO LTD QATAR INVESTMENT AUTHORITY MULTIPLE SELLERS 6 $1,125 SAKARI RESOURCES LTD PTT PCL 7 $795 ASIA PACIFIC BREWERIES LTD KINDEST PLACE GROUPS LTD OVERSEA-CHINESE BANKING CORP LTD 8 $737 MASTIKA LAGENDA SDN BHD 1MALAYSIA DEVELOPMENT BHD GENTING BHD 9 $643 NEX SHOPPING MALL MERCATUS CO-OPERATIVE LTD PRUDENTIAL FINANCIAL INC 1 $621 BATTERSEA POWER STATION MULTIPLE ACQUIRERS YTD Largest M&A Transactions Top 1 South East Asia Deals Date 9/13/ 6/28/ 4/2/ 7/2/ 3/7/ 4/2/ 7/18/ 7/2/ 2/24/ 8/17/ 1 $9,192 FRASER AND NEAVE LTD THAI BEVERAGE PCL 2 $5,45 PROGRESS ENERGY RESOURCES CORP PETROLIAM NASIONAL BHD 3 $4,997 ASIA FINANCIAL INDONESIA PTE LTD DBS GROUP HOLDINGS LTD TEMASEK HOLDINGS PTE LTD 4 $4,361 ASIA PACIFIC BREWERIES LTD HEINEKEN NV FRASER AND NEAVE LTD 5 $2,88 TANJONG ENERGY HOLDINGS SDN BHD 1MALAYSIA DEVELOPMENT BHD TANJONG POWER HOLDINGS SDN BHD 6 $2,391 BANK DANAMON INDONESIA TBK PT DBS GROUP HOLDINGS LTD 7 $2,29 FRASER AND NEAVE LTD THAI BEVERAGE PCL OVERSEA-CHINESE BANKING CORP LTD 8 $2,4 ASIA PACIFIC BREWERIES LTD HEINEKEN NV 9 $1,593 COVE ENERGY PLC PTT EXPLORATION & PRODUCTION PCL 1 $1,412 FGP TOPCO LTD QATAR INVESTMENT AUTHORITY MULTIPLE SELLERS 29

31 South East Asia Deals Any Involvement, Ranked by Volume WongPartnership LLP , Stamford Law Corp , Allen & Gledhill , Shook Lin & Bok LLP , Baker & McKenzie LLP , Hadiputranto Hadinoto & Partners , Norton Rose LLP , (.7) Burnet Duckworth & Palmer LLP , Allen & Overy LLP , (5.4) Rajah & Tann , Jones Day , (3.1) Slaughter & May , Linklaters LLP , (2.8) Freshfields Bruckhaus Deringer LLP , Fasken Martineau DuMoulin LLP , Mayer Brown LLP , (1.7) Latham & Watkins LLP , Mori Hamada & Matsumoto , Debevoise & Plimpton LLP , Vinson & Elkins LLP , $8, $74,61 QUARTERLY / #Deals $6, $5, $4, $3, $2, $1, Q1 Q2 Q3 Q4 Q1 Q2 Q

32 South East Asia Deals Any Involvement, Ranked by Deal Count Allen & Gledhill , WongPartnership LLP , Baker & McKenzie LLP , Shook Lin & Bok LLP , Rajah & Tann , King & Wood Mallesons , Stamford Law Corp , Allen & Overy LLP , (5.4) Jones Day , (3.1) Linklaters LLP , (2.8) Drew & Napier LLC (.8) Allens Arthur Robinson (.1) Norton Rose LLP , (.7) Mori Hamada & Matsumoto , White & Case LLP Ashurst LLP (.7) Latham & Watkins LLP , Shearman & Sterling LLP (1.2) Gordon & Associates Melli Darsa Law Offices $8, $74,61 *Tables based on deal count, then volume. Market share based on deal volume. QUARTERLY / #Deals $6, $5, $4, $3, $2, $1, Q1 Q2 Q3 Q4 Q1 Q2 Q

33 For data submissions or queries, please contact: Devanshi Parekh Asia Pacific rd Qtr Asia Pacific M&A Legal Advisory League Table M&A league tables represent transactions that are either pending or completed, and for which has been notified. 9/29/ Marie Takahashi Japan Miao Pan Greater China M&A league tables include mergers, acquisitions, divestitures, self-tenders, spinoffs, debt-for-equity swaps, private placements of common equity and convertible securities, and purchases of convertible securities and cash injection components of recapitalizations according to standards. Excludes open market transactions. All deals except additional stake purchases are subjected to a minimum threshold of 5% equity or USD 5 million total value. League table credit is based on announced total value of a deal. LP and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Hyejin Cho Korea hcho18@bloomberg.net For 24 hour global customer support call or press the HELP key twice on the BLOOMBERG PROFESSIONAL(R) service. 32