Mergers & Acquisitions Review

Fourth Quarter 00 LEGAL ADVISORS Mergers & Acquisitions Review Quick Links: Global I Americas I Europe Asia Pacific Criteria Summary Media Contacts: Americas: Matthew Toole I Tel: + 0 I Email: matthew.toole@thomson.com Europe: Jennifer Coldwell I Tel: + 0 I Email: jennifer.coldwell@thomson.com Asia: Jerome Ongtiapco I Tel: + 0 I Email: jerome.ongtiapco@thomson.com Japan: Haruko Shimosakoda I Tel: + 0 I haruko.shimosakoda@thomson.com Worldwide M&A Reaches US$. trillion Breaks Alltime Record l Private Equity Firms Account for % of Overall Volume During Q00 The volume of worldwide mergers and acquisitions surpassed an alltime record during 00 with US$. trillion in announced deals, a % increase over the previous record set in 00. Despite a dramatic falloff in merger activity caused by concerns in the credit markets during the third quarter of 00, fourth quarter activity rebounded to surpass the US$ trillion mark amid strong strategic activity and a flurry of crossborder investments by Middle Eastern and Asian investors. Activity in Europe increased % to reach US$. trillion for fullyear 00 and surpassed activity in the US for the first time since 00. Falling short of the alltime record for US activity set in 000, deals in the US accounted for % of worldwide volume compared to % during 00. Crossborder activity accounted for a recordbreaking % of worldwide activity for full year 00 as global consolidation continued to drive activity in the Materials, Financials and Energy and Power sectors. (US$b) $,000 $00 $00 $00 $00 $00 $00 Worldwide Buyside Financial Sponsor Volume January December Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) % of Global Volume.%.%.%.%.%.% % 0% % 0% % of Global Volume Consolidation in the Materials and Energy and Power sectors combined for nearly % of worldwide activity largely due to BHP Billiton's US$ billion bid for Rio Tinto. The deal, which ranks as the second biggest deal of all time, bolstered the already high level of activity in the Materials sector. Financials accounted for % of activity during 00 driven by the takeover of ABN Amro by a consortium led by the Royal Bank of Scotland, which ranks as the biggest financial merger on record. Activity in the Industrials sector topped all industry groups, by number, with over,00 deals announced during 00. $00 $00 $00 $0.0%.%.%.% 000 00 00 00 00 00 00 00 % 0% Private equity firms or financial sponsors were a major driver in the world of mergers and acquisitions during 00, with US$ billion in announced deals.% of the overall annual volume and a % increase over last year at this time. The impact of the credit crunch on private equity deals was particularly evident for largecap targets as only one transaction over US$ billion was announced since July compared to deals over US$ billion announced during the first seven months of the year. As a result, financial sponsors accounted for just % of announced transactions during the fourth quarter of 00 the lowest quarterly level since the first quarter of 00. (US$m) $00,000 $0,000 $00,000 $0,000 $0 Monthly Buyside Financial Sponsor M&A Volume and Number of US$b+ Sponsor Deals Announced J0 F M A M J J A S O N D J0 F M A M J J A S O N D 0 0 0 0 # of Deals Buyside Financial Sponsor Volume (US$m) # of US$b+ Sponsor Deals Announced

Fourth Quarter 00 Mergers & Acquisitions s Mergers & Acquisitions Review Scorecard: Worldwide Announced M&A Scorecard: Worldwide Completed M&A Region/Nation //00 //00 Rank Val (US$m) No. Deals //00 //00 Rank Val (US$m) No. Deals % Change in Rank Value //00 //00 //00 //00 Region/Nation Rank Val (US$m) No. Deals Rank Val (US$m) No. Deals % Change in Rank Value Worldwide,,.0,,0,0.,. Americas,,0.,0,,0.,. Central America,.,0. 0. Mexico,.,0. 0. South America 0,0.,0,.. Argentina,.0 0,0. 0. Brazil,0.,.0. Caribbean,. 0,.. North America,0,.0,,,0.,0. Canada,.,,0.0,. United States,,.,,,0. 0,. Africa/Middle East,.0,.. North Africa,0.,.. SubSaharan Africa,.0 0,0.. Middle East,.,.. Europe,0,.0,,,.,. Eastern Europe,.,0 0,.,. Western Europe,,0.,,,. 0,. France,.,,.,. Germany 0,0.,0,0.,0 0. UK AsiaPacific,0.0,0.0, 0,,0.,.,0,.. Australasia,.,,.,. Australia,.,,.,00. New Zealand,.,0. 0. South East Asia,0.,0,.0,. Malaysia 0,0. 0,..0 Philippines 0,.,.. North Asia,0.,0 0,., 0. China,.0,,.,. Hong Kong,0.,0,. 0. South Asia,0.,0,0., 0. Central Asia,0.,.0 0.0 Japan,., 0,.,.0 Worldwide,,0.,0,0,.0,.0 Americas,0,.,0,,. 0,. Central America,.,. 0 0. Mexico,.,. 0. South America,. 0,.. Argentina,0.,..0 Brazil,.,0.0 0. Caribbean,. 0,.. North America,,0. 0,0,,.,. Canada,.,,.0,. United States,,.,0,,.,0. Africa/Middle East 0,.,0.. North Africa,0.0 0.0 SubSaharan Africa,.,0.. Middle East,.,..0 Europe,0,.,,0,0.,. Eastern Europe,.,,.,. Western Europe,,00.,,00,.,0. France,0.,0,.,. Germany,.,,.0,. UK,.,,.,. AsiaPacific,.,,.,. Australasia,.,0,.,. Australia,.,,.,. New Zealand,. 0,.. South East Asia,.0,,., 0. Malaysia,0.,.. Philippines,.,0. 0. North Asia 0,.,0,.,. China,.,0.0. Hong Kong,.,0. 0. South Asia,.,0. 0. Central Asia,0.0,0. 0. Japan,0.,00 0,.,0 0.

Fourth Quarter 00 Mergers & Acquisitions s Worldwide Rankings Worldwide Announced (AE) Worldwide Completed (AG) //00 //00 //00 //00 Mkt. No. US$m Rank Share Deals US$m Rank Skadden, Arps, Slate, Meagher & Flom,0..,0.,.. 0,.,..,0.,.0.,0.,..,.,..,0. Slaughter & May,..,. 0,..,. Cleary Gottlieb Steen & Hamilton,..,0. 0 Simpson Thacher & Bartlett,. 0.,. Wachtell Lipton Rosen & Katz,..0,. Allens Arthur Robinson,.. 0,.,..,. Cravath, Swaine & Moore,0.. 0,. Shearman & Sterling LLP 0,.. 0,. Weil Gotshal & Manges 0,..,.0 Debevoise & Plimpton,.. 0,. Dewey & LeBoeuf LLP,0.. 0,0. Blake Cassels & Graydon,0.. 0,0. Blake Dawson,. 0.,. Fried Frank Harris Shriver & Jacobson LLP,..,. Osler Hoskin & Harcourt LLP,.. 0 0,. Kirkland & Ellis 0,.. 0 0,. Uria Menendez,0..,. Stikeman Elliott,00..,0. Subtotal without,..,,0. Subtotal with,,0.. 0,0,0,0. Industry Total,,.0 00.0,,0,0. Rank Val 0.0.. Skadden, Arps, Slate, Meagher & Flom.0..0. Simpson Thacher & Bartlett. Cleary Gottlieb Steen & Hamilton.. Cravath, Swaine & Moore. Shearman & Sterling LLP.. Wachtell Lipton Rosen & Katz. Debevoise & Plimpton. Weil Gotshal & Manges 0. Dewey & LeBoeuf LLP 0. Slaughter & May. Willkie Farr & Gallagher. Sidley Austin LLP. Fried Frank Harris Shriver & Jacobson LLP. Herbert Smith/Gleiss Lutz/Stibbe. McCarthy Tetrault.0 Uria Menendez. Osler Hoskin & Harcourt LLP. Allens Arthur Robinson 0. Subtotal without.0 Subtotal with. Industry Total //00 //00 //00 //00 Mkt. No. US$m Rank Share Deals US$m Rank Rank Val,0..,0..,..,0. 0.0,..,0.0.,0..,..0 0,0.. 0,..0,00.. 0,..,.. 0,..,0.. 0,.. 0,.0 0.,0..,0. 0 0.,..,0. 0.0,..,.. 0 0,. 0.,0.. 0,.0.0,.0.0,0..0 0,..0,0..,..,. 0.,..0,..,..,0..,..,. 0. 0,. 0.,..,..,0.. 0,.0.,. 0.,.0. 0,0. 0.0,.0. 0,..,.. 0 0,..,..,0 0,..0,,..,,,0..0,,0. 00.0,0,0,.0.0

Fourth Quarter 00 Mergers & Acquisitions s Worldwide & Americas Rankings Worldwide Completed (AG) Based on Number of Deals Based on Number of Deals //00 //00 //00 //00 //00 //00 //00 //00 No. Mkt. No. No. Mkt. No. % Chg. In Deals Rank Share US$m Deals Rank # of Deals Deals Rank Share US$m Deals Rank # of Deals Jones Day 0.0,.. Jones Day. 0,. 0. 0.,...,.. DLA Piper.,0..0 Skadden, Arps, Slate, Meagher & Flom. 0,..0.,00..0 Kirkland & Ellis 0.,. 0. Baker & McKenzie.,0. 0. Dorsey & Whitney LLP.,. 0.. 0,.0 0. DLA Piper.,.0 0..0,. 0 0. Dewey & LeBoeuf LLP.,.. 0.0 0,0. 0.0 Wilson Sonsini Goodrich & Rosati *.,. 0. Skadden, Arps, Slate, Meagher & Flom *.0,. 0. *.,. 0 0 0. White & Case LLP *.0,0.. Bryan Cave LLP 0 0.,0.. Kirkland & Ellis 0. 0,00.. Weil Gotshal & Manges 0. 0,. * 0. Dorsey & Whitney LLP 0 0. 0,. 0. Alston & Bird 0 *.,.. Cleary Gottlieb Steen & Hamilton 0 0.,0. 0. Gibson Dunn & Crutcher 0 *.,.. Dewey & LeBoeuf LLP 0.,. 0 0.0 Dechert 00 *.,0.0 0. Freehills 0.,.. Hogan & Hartson 00 *.,.. CMS 0.,.. Simpson Thacher & Bartlett 00 *.,.. Weil Gotshal & Manges 0. 0,...,.0 *. Hogan & Hartson 0 0.,.. Goodwin Procter LLP.0 0,.. 0.,0. 0. Bingham McCutchen LLP * 0.,..0 Paul Hastings Janofsky & Walker 0 0 0.,.. Paul Hastings Janofsky & Walker * 0.,00. *. Blake Cassels & Graydon 0.,.. Vinson & Elkins LLP * 0.,. *. Mallesons Stephen Jaques 0 0.,. 0. O'Melveny & Myers * 0. 0,.. Stikeman Elliott 0. 0,. *. McDermott Will & Emery 0 0.,0. *.0 Shearman & Sterling LLP 0.,0. 0. Cooley Godward LLP 0.,0..0 Gibson Dunn & Crutcher 0 0.,.. Baker & McKenzie 0.,. 0*. Subtotal without,0.0,.,. Subtotal without,. 0,.,. Subtotal with,.0,,.,. Subtotal with,0.,,.,. Industry Total,0 00.0,,0.,. Industry Total,0 00.0,,.,0. US Target Completed (AG)

Fourth Quarter 00 Mergers & Acquisitions s Americas Mergers & Acquisitions Financial Sponsors Lose Their Edge Foreign Investment in US Companies On The Rise Skadden Arps Top Counsel Financial Sponsors Lose Their Edge Although financial sponsor activity slowed down significantly since the first half of the year, US financial sponsor volume increased by.% yearoveryear and captured % of the US M&A market in 00. The credit crunch was the main factor for the slow down as volume during the second half of 00 totaled US$. billion, a.% decline from the US$0. billion in activity during the first six months of the year, and fourth quarter volume totaled just US$. billion. Notable deals impacted by the US subprime mortgage crisis included Cerberus Capital s leveraged buyout of United Rentals and the JC Flowersled consortium buyout of Sallie Mae. Foreign Investment in US Companies On The Rise Cross border volume involving US target companies increased steadily throughout 00 as the US dollar weakened, thus making US companies attractive takeover targets or investments by foreign buyers. US inbound volume more than doubled during the final quarter of 00 compared to fourth quarter 00, while yearoveryear US inbound volume increased.%. Top US Announced M&A by Target Industry (US$b) (US$b) $00 $0 $00 $0 $00 $0 $00 $0 $00 $0 $0 Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) % of US Volume.% US Buyside Financial Sponsor Volume January December 0.%.%.%.%.%.0% 00 00 00 00 00 00 00 Quarterly US Cross Border Volume & Euro/US$ Exchange Rate January December $ $00 $ $0 $ $00 $ $0 $ $0 000 00 00 00 00 00 00 00 % 0% % 0% % 0% % 0%......0 0. 0. % of US Volume Euro/US$ Energy and Power Baker Botts LLP Vinson & Elkins LLP Dewey & LeBoeuf LLP Financials Wachtell Lipton Rosen & Katz Healthcare Dewey & LeBoeuf LLP Rank Val US$m 0,. Rank,0.,00.,00.,0.,00.,.,.,0.,.,.,. Mkt. Share... 0...... No. Deals 0 0, Top Ten US Announced Deals Inbound (US$b) Outbound (US$b) Euro/US$ Rank Date Target Acquiror (US$m) //00 Kraft Foods Inc Shareholders,.0 //00 TXU Corp Investor Group,. //00 First Data Corp Kohlberg Kravis Roberts & Co,0. /0/00 Alltel Corp Atlantis Holdings LLC,0. //00 Hilton Hotels Corp Blackstone Group LP,0. //00 Tyco Healthcare Group Ltd Shareholders,0. //00 ArchstoneSmith Trust Investor Group,. //00 ABN AMRO North America Holding Bank of America Corp,000.0 //00 Tyco Electronics Corp Shareholders,. //00 Lyondell Chemical Co Basell NV,.

Fourth Quarter 00 Mergers & Acquisitions s Americas Rankings Any US Involvement Announced (AE) Any US Involvement Completed (AG) //00 //00 //00 //00 //00 //00 //00 //00 Mkt. No. Mkt. No. US$m Rank Share Deals US$m Rank Rank Val US$m Rank Share Deals US$m Rank Rank Val Skadden, Arps, Slate, Meagher & Flom,..,.. Skadden, Arps, Slate, Meagher & Flom,..,..,..,0.. Simpson Thacher & Bartlett,. 0.,.. Simpson Thacher & Bartlett,0..,..,.. 0,0..,.. 0,..0,..,. 0. Wachtell Lipton Rosen & Katz,..0,.. Wachtell Lipton Rosen & Katz 0,..,.. Dewey & LeBoeuf LLP 0,.0. 0,..,.. 0,..,.. 0,.. Dewey & LeBoeuf LLP,0.0.,. 0. 0,0. 0.,00. 0. Weil Gotshal & Manges,0..,.0. Weil Gotshal & Manges 0,. 0.,.. Sidley Austin LLP 0,..,.. Fried Frank Harris Shriver & Jacobson LLP,. 0.,.. Cravath, Swaine & Moore 0,. 0 0. 0,.. Gibson Dunn & Crutcher,.. 0,0.. Fried Frank Harris Shriver & Jacobson LLP 0,. 0.,.. Sidley Austin LLP,..,.0 0. Cleary Gottlieb Steen & Hamilton,..,00. 0. McDermott Will & Emery,..,.. Debevoise & Plimpton,0..0,0. 0. Osler Hoskin & Harcourt LLP 0,0.. 0,..,0..0,. 0 0. Cravath, Swaine & Moore 0,.. 0,0.. Shearman & Sterling LLP,..,0.. Shearman & Sterling LLP,..,0.. Kirkland & Ellis,0..,.. Blake Cassels & Graydon,.. 0,0. 0. Gibson Dunn & Crutcher,..,.0.,.. 0,.. McDermott Will & Emery,..,0.,. Kirkland & Ellis,.0. 0,.. Jones Day,..,.. Cleary Gottlieb Steen & Hamilton,0.,. 0..,.,.0 0.0 0. Baker Botts LLP Osler Hoskin & Harcourt LLP,.0,.0 0.0. 0,0.,. 0 0.. Baker Botts LLP,..0,..,..,.. Baker & McKenzie,..0,0. 0. 0,..,.. Debevoise & Plimpton Hunton & Williams,.,... 0,.,..,0. Blake Cassels & Graydon Baker & McKenzie,.,0.0..,0. 00,..0. Subtotal without 0,.0 0.,,.. Subtotal without,0..,,.0. Subtotal with,,0..,0,,.. Subtotal with,,..,,,0.. Industry Total,0,. 00.0,,,..0 Industry Total,0,. 00.0,,,..

Fourth Quarter 00 Mergers & Acquisitions s Americas Rankings US Target Announced (AE) US Target Completed (AG) //00 //00 //00 //00 //00 //00 //00 //00 Mkt. No. Mkt. No. US$m Rank Share Deals US$m Rank Rank Val US$m Rank Share Deals US$m Rank Rank Val 0,.. 0,.. Skadden, Arps, Slate, Meagher & Flom 0,..,.. Skadden, Arps, Slate, Meagher & Flom,0..,. 0. Simpson Thacher & Bartlett,.. 00,..,..,..,.0.,..0 Simpson Thacher & Bartlett,0..0,0..,..,. 0. Wachtell Lipton Rosen & Katz,..,.. Wachtell Lipton Rosen & Katz,..,0..0 Dewey & LeBoeuf LLP,00..,.. Dewey & LeBoeuf LLP,..,0..0 0,..,..,.. 0,0.. Weil Gotshal & Manges,.. 0,0.0.0 Weil Gotshal & Manges 0,.. 0 0,.. Fried Frank Harris Shriver & Jacobson LLP,0. 0.,0.. Sidley Austin LLP,00.0. 0,.. Sidley Austin LLP,. 0 0.,.. Cravath, Swaine & Moore,. 0.,00. 0 0. Gibson Dunn & Crutcher McDermott Will & Emery 0,. 0,... 0,.,... Fried Frank Harris Shriver & Jacobson LLP Debevoise & Plimpton,.,0. 0. 0.,0.,... Osler Hoskin & Harcourt LLP Cravath, Swaine & Moore Kirkland & Ellis Baker Botts LLP,.,0.,.,..... 0 0,.,.,.,. 0..0.0. Cleary Gottlieb Steen & Hamilton Kirkland & Ellis McDermott Will & Emery Gibson Dunn & Crutcher,.,.,0.,. 0.... 0 0 0 0,0. 0,.,.,. 0..,0.. Cleary Gottlieb Steen & Hamilton,..0,. 0. Shearman & Sterling LLP,..,.. Shearman & Sterling LLP,..,0.. Jones Day 0,..,0. 0.0 Blake Cassels & Graydon Hunton & Williams,.,. 0.. 0,.,. 00.,. Baker Botts LLP Hunton & Williams,0.,. 0..,.,0. 0.,. Debevoise & Plimpton,.0.0 0,.. Willkie Farr & Gallagher,0..0 0,0.0.,0..0 0,..0,0..,.,00. Jones Day Hogan & Hartson,.,.0..0 0,.,0... Vinson & Elkins LLP Osler Hoskin & Harcourt LLP,.,...,.,. 0..0 Vinson & Elkins LLP,..,.. Hogan & Hartson,.. 00,.. Subtotal without,..,,.. Subtotal without 0,..,,0.. Subtotal with,,.0 0.,00,,.. Subtotal with,,..,0,,.. Industry Total,,. 00.0,,,0.. Industry Total,,. 00.0,0,,..

Fourth Quarter 00 Mergers & Acquisitions s Americas Rankings Any US Public Involvement Completed Any US Public Involvement Completed (Published in Collaboration with West GSI) (Published in collaboration with West GSI) Based on Value Based on Number of Deals //00 //00 //00 //00 //00 //00 //00 //00 Mkt. No. No. Mkt. No. % Chg. In US$m Rank Share Deals US$m Rank Rank Val Deals Rank Share US$m Deals Rank # of Deals Skadden, Arps, Slate, Meagher & Flom,0..,0...,0..,..,.. Skadden, Arps, Slate, Meagher & Flom.,0. 0.0 Simpson Thacher & Bartlett,..,0..0 Jones Day.,0.. Wachtell Lipton Rosen & Katz,..,0.. Dewey & LeBoeuf LLP.,. *.,0.. 00,0.. Cleary Gottlieb Steen & Hamilton 00 *.,00.. Dewey & LeBoeuf LLP,.. 0,.. 00 *.,0. 0.0,0..,0.0 0. Baker & McKenzie.,.. Weil Gotshal & Manges,..,.. DLA Piper.,. 0.0 Sidley Austin LLP,..,. 0..,.. Fried Frank Harris Shriver & Jacobson LLP,0. 0.,.0. Weil Gotshal & Manges 0.,.. Cravath, Swaine & Moore 0,..,0. 0. Wilson Sonsini Goodrich & Rosati *.,. 0. Cleary Gottlieb Steen & Hamilton,00.. 00,.. Simpson Thacher & Bartlett *.,. 0.0 Gibson Dunn & Crutcher 0,..,.. *.,00. 0. Kirkland & Ellis,.. 0,. 0. Hogan & Hartson *.,. *. Debevoise & Plimpton,.. 0,.. Kirkland & Ellis.,.. Baker Botts LLP,..,.. Dorsey & Whitney LLP.,. *. Jones Day,0..0 0,.. Gibson Dunn & Crutcher. 0,. *. Shearman & Sterling LLP 0,..0,0.. Wachtell Lipton Rosen & Katz.,. *. Osler Hoskin & Harcourt LLP 0,.. 0 0,.. O'Melveny & Myers 0.,0. *. Hunton & Williams,0. 0.,0. 0,0. Bryan Cave LLP 0.,.. McDermott Will & Emery,..,.,. Alston & Bird *. 0,00. *. Baker & McKenzie,..,00.. Dechert *.,0. 0.0 Willkie Farr & Gallagher 0,00.. 0,.0. Bingham McCutchen LLP *.,.0 *.0 Blake Cassels & Graydon 0,..,.. Cooley Godward LLP *.,0.. Vinson & Elkins LLP 0,..,.. Fried Frank Harris Shriver & Jacobson LLP.,0. 0 *.0 Subtotal without 0,..,,0.. Subtotal without,. 0,.,. Subtotal with,,..,,,0.. Subtotal with,.,,.,. Industry Total,,0. 00.0,,,.. Industry Total, 00.0,,0.,.

Fourth Quarter 00 Mergers & Acquisitions s Americas Rankings Any Latin American Involvement Announced (AE) Any Latin American Involvement Completed (AG) //00 //00 //00 //00 //00 //00 //00 //00 Mkt. No. Mkt. No. US$m Rank Share Deals US$m Rank Rank Val US$m Rank Share Deals US$m Rank Rank Val Mattos Filho Veiga Filho Marrey Jr,00.. 0,0.. Cravath, Swaine & Moore 0,... *,0. Machado Meyer Sendacz & Opice,..,0.. Simpson Thacher & Bartlett 0,..,.0.,0.0 0.,..,.. 0.0 0,0.0 Pinheiro Neto Advogados,..,0.. Slaughter & May,00..,. *. Simpson Thacher & Bartlett 0,..,. 0.0,0..,.0. Barbosa Mussnich & Aragao,0..0,00.. Allens Arthur Robinson,0.. Xavier Bernardes Braganca Sociedade de Advogad Levy & Salomao Advogados,0.,0...,..0 Minter Ellison,0.,...0. 0.,0.,. Skadden, Arps, Slate, Meagher & Flom,.. 0,0..0 Freehills,..0 Cravath, Swaine & Moore,0. 0.,.. Mattos Filho Veiga Filho Marrey Jr,. 0.,..,.. 0.0 00* Skadden, Arps, Slate, Meagher & Flom,..,0.. White & Case LLP,...,00. Cleary Gottlieb Steen & Hamilton,0..0,0.. Wachtell Lipton Rosen & Katz,0...0. Pinheiro Neto Advogados,..,. 0. SOUZA, CESCON AVEDISSIAN, BARRIEU E FLESH,.. 0,.0. Shearman & Sterling LLP,0.. 0,..0 Torys,. *. Wachtell Lipton Rosen & Katz,0... *,0. Hengeler Mueller,. *. Arnold & Porter,..0.,. Baker & McKenzie,00..,. 0. Machado Meyer Sendacz & Opice,..,.. Tozzini Freire Teixeira e Silva,.. 0 0.0. Baker & McKenzie,..,.. Baker Botts LLP,0...,. Barbosa Mussnich & Aragao,.. 0,..,0. 0.,. 0. Torys,. 0*.,0..,.0 0. Hengeler Mueller,. 0*. Cleary Gottlieb Steen & Hamilton Bruchou Fernandez Madero Lombardi & Mitradi Greenberg Traurig,0.,.,.0...,0.,0. 0.. Stikeman Elliott Greenberg Traurig Jones Day,.0,.,.... 0,.,.0 *.. Perez Alati, Grondona, Benites, Arntsen & Martine,.... Tozzini Freire Teixeira e Silva,... 0. Subtotal without,0..,0,.. Subtotal without,.. 0,0.. Subtotal with,.0.,.. Subtotal with,..,0.. Industry Total,. 00.0,,0.. Industry Total 0,. 00.0,..

Fourth Quarter 00 Mergers & Acquisitions s Americas Rankings Any Canadian Involvement Announced (AE) Any Canadian Involvement Completed (AG) //00 //00 //00 //00 //00 //00 //00 //00 US$m Rank Mkt. Share No. Deals US$m Rank Rank Val US$m Rank Mkt. Share No. Deals US$m Rank Rank Val Stikeman Elliott,..,.. McCarthy Tetrault,0..,0. 0.0 Torys,0. 0,...,00.,00..0. Osler Hoskin & Harcourt LLP,.,..0.,0.,... Blake Cassels & Graydon 0,0..,. 0 0.,.0.,0.. Davies, Ward, Phillips, & Vineberg, LLP,..,00.. Ogilvy Renault,.. 0,.. McCarthy Tetrault,..,..0 Fasken Martineau DuMoulin LLP,..0,. 0. Goodmans,0. 0.,..0 Stikeman Elliott,..0 0,.. Allens Arthur Robinson,. 0. 0.,. Allens Arthur Robinson,. 0.0,.. Weil Gotshal & Manges,.. 0,.0. Debevoise & Plimpton,... 0,0. Fried Frank Harris Shriver & Jacobson LLP,.,. 0.. 0,. 0,0. 0.. Blake Cassels & Graydon,0.,. 0..,. 0,0... Osler Hoskin & Harcourt LLP 0,..0 0,.. Torys,00.0.,.. Fasken Martineau DuMoulin LLP,.. 0,00.0.0 Mallesons Stephen Jaques,..,..,..,.. Ashurst,.0.,00.,0.,0..,0.,.,..,.0. Wachtell Lipton Rosen & Katz,.0.,0. 0. Goodmans,..,.. Ogilvy Renault,..,. 0. Davies, Ward, Phillips, & Vineberg, LLP,0. 0.,.. White & Case LLP,.. 0,.,. Cravath, Swaine & Moore 0,0. 0.,.. Kirkland & Ellis,...,. Bennett Jones,.. 0,.. Debevoise & Plimpton,. 0.,.,. Shearman & Sterling LLP,. 0.,..0 Mallesons Stephen Jaques,..,.. Paul Weiss Rifkind Wharton & Garrison LLP,.. 0,.. Ashurst,.0. Skadden, Arps, Slate, Meagher & Flom,.0.,0.. Shearman & Sterling LLP,. 0.,.. Simpson Thacher & Bartlett,.. 0,.. Skadden, Arps, Slate, Meagher & Flom,.,0. 0.0..,00.,.. Dorsey & Whitney LLP 0,. 0,..0.,.,...0 Subtotal without,..,,0. 0.0 Subtotal without,..,,.. Subtotal with,.. 0,.. Subtotal with,.. 0,.. Industry Total 0,. 00.0,,0.. Industry Total,. 00.0,,.. 0

Fourth Quarter 00 Mergers & Acquisitions s Europe Mergers & Acquisitions Europe Ahead of US European Buyside Financial Sponsor M&A Down RBS Led Consortium Wins Battle for ABN AMRO Europe Ahead of the US Annual European targeted M&A activity reached US$. trillion, up.% from 00, outpacing the US, at US$. trillion, for the first time since 00. The increase in European volume was due, in part, to BHP Billiton s US$. billion offer for Rio Tinto in the mining sector, the second largest M&A transaction ever recorded, and the RBSled consortium s US$. billion takeover of ABN AMRO, the largest ever financial services deal. $00 $0 $00 European Buyside Financial Sponsor Volume January December Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) % of EU Volume.%.%.0% 0.% % 0% European Buyside Financial Sponsor M&A Down Even though 00 became a record year for global buyside financial sponsor M&A activity, the European M&A market experienced a slowdown in buyside financial sponsor activity, reaching only US$ billion in 00, down.% from 00. Financial sponsored deal activity in the second half of 00 was only US$0. billion, down 0.% from the same period in 00. The US$. billion acquisition of Alliance Boots by KKR and Stefano Pessina was the largest European buyside financial sponsored M&A deal of the year. (US$b) $0 $00 $0.%.0%.%.%.%.% % 0% % % of EU Volume Top European Involvement Announced by Target Industry $0 000 00 00 00 00 00 00 00 0% Rank Val US$m Rank Mkt. Share No. Deals Materials,., Allens Arthur Robinson 0,0.. Rank Date Slaughter & May,.. //00 Skadden, Arps, Slate, Meagher & Flom,0.. //00 Financials,., //00,.0 0. 0 /0/00,..0 0 //00 0,.. //00 Energy and Power 0,0.,0 //00,.. 0 //00 CMS,.. //00,.. //00 Top Ten European Involvement Announced Deals Target Acquiror (US$m) Rio Tinto PLC BHP Billiton Ltd,. ABNAMRO Holding NV RFS Holdings BV,. Alcan Inc Rio Tinto PLC,. Capitalia SpA Unicredito Italiano SpA,. Endesa SA Investor Group,. Eiffage SA Sacyr Vallehermoso SA,. Altadis SA Imperial Tobacco Group PLC,. ABN AMRO North America Holding Bank of America Corp,000.0 Alliance Boots PLC AB Acquisitions Ltd,0. Lyondell Chemical Co Basell NV,.

Fourth Quarter 00 Mergers & Acquisitions s Europe Rankings Any European Involvement Announced (AE) Any European Involvement Completed (AG0) //00 //00 //00 //00 //00 //00 //00 //00 US$m Rank Mkt. Share No. Deals US$m Rank Rank Val US$m Rank Mkt. Share No. Deals US$m Rank Rank Val,.. 0,.. 0,00.0. 0,0.. Slaughter & May,.,0...,0.,.. 0. 0,. 0,...,.,... Skadden, Arps, Slate, Meagher & Flom,.. 0,0..,..0 0,..,0.,0...,.,.0.. Cleary Gottlieb Steen & Hamilton,.,00...,. 0,... Allens Arthur Robinson 0,.. 0 0,. 0. Shearman & Sterling LLP,0..,00.. Cleary Gottlieb Steen & Hamilton Blake Dawson Uria Menendez Debevoise & Plimpton,.,0. 0,0.,0.,0. 0.....,.,.,.,.0 0,... 0.. 0. Slaughter & May Herbert Smith/Gleiss Lutz/Stibbe Cravath, Swaine & Moore,.,0.,0. 0,. 0,0. 0.....,.,.,.,.,...... Shearman & Sterling LLP,0..,.. Debevoise & Plimpton 0,0..,0.0. Cravath, Swaine & Moore,.0.,.. Uria Menendez,..,.. De Brauw Blackstone Westbroek,0.0,0.,0.0... 0,.,.,.0 0... De Brauw Blackstone Westbroek Fasken Martineau DuMoulin LLP Skadden, Arps, Slate, Meagher & Flom,.,.,.... 0,.,.0,.... Nauta Dutilh (Amsterdam),..,.. Nauta Dutilh (Amsterdam),..,0.. Herbert Smith/Gleiss Lutz/Stibbe,..,. 0. Bonelli Erede e Pappalardo,..,.. Fasken Martineau DuMoulin LLP,. 0.0,.. Willkie Farr & Gallagher,. 0.,.. Bonelli Erede e Pappalardo Willkie Farr & Gallagher Wachtell Lipton Rosen & Katz 0,.,0.0,....,.,.,.0... CMS Ashurst Chiomenti Studio Legal,.,0.,....,. 0,0.0,.... Darrois Villey Maillot Brochier 00,..,.. Hengeler Mueller 0,.. 0,.. CMS Subtotal with Subtotal without Industry Total 00,.,,.0 0,0.,,0.... 00.0, 0,0,,.,,. 0,.,,....0. White & Case LLP Subtotal with Subtotal without Industry Total 0,.,,.0,.,,... 0. 00.0 0,,0,,.,0,.,.,,0.....

Fourth Quarter 00 Mergers & Acquisitions s Europe Rankings Any UK Involvement Announced (AE0) Any UK Involvement Completed (AG) //00 //00 //00 //00 Mkt. No. US$m Rank Share Deals US$m Rank Slaughter & May 0,.0.,.,.. 0,.,..,. Allens Arthur Robinson,0.. 0.0,.0.,. Skadden, Arps, Slate, Meagher & Flom,..,. Blake Dawson 0,..,.,.. 0,0. Debevoise & Plimpton,..,. Fasken Martineau DuMoulin LLP,. 0.,. Cleary Gottlieb Steen & Hamilton,0.. 0 0,0. Herbert Smith/Gleiss Lutz/Stibbe,..0 0,0. Cravath, Swaine & Moore,0.0. 0 0.0 *,..,0. De Brauw Blackstone Westbroek,0..,. Shearman & Sterling LLP,..,. 0,0..,. Uria Menendez,..,. Willkie Farr & Gallagher 0,. 0.,. Nauta Dutilh (Amsterdam) 0,. 0 0. 0. * Bonelli Erede e Pappalardo 0,0. 0. 0,. Ashurst,.,...,0.,. Norton Rose,0..0,0. 0 Mallesons Stephen Jaques,..,00. Subtotal with,..,0,0. Subtotal without,.0.,0 0,. Industry Total,00,. 00.0,0,. //00 //00 //00 //00 Mkt. No. Rank Val US$m Rank Share Deals US$m Rank Rank Val.0,0.. 0,...,0.0.,00...,..,. 0.,. Slaughter & May,..,... Herbert Smith/Gleiss Lutz/Stibbe,..,...,.. 0,0... Fasken Martineau DuMoulin LLP,..,... Debevoise & Plimpton,..,.,.,. Cleary Gottlieb Steen & Hamilton,0. 0.0,... Cravath, Swaine & Moore 0,0. 0.,. 0,.. Uria Menendez,0.0.,0.0 0,.. Shearman & Sterling LLP,..0,....0 De Brauw Blackstone Westbroek,.,. 0,....,.,.,..,...0 Willkie Farr & Gallagher,0..,... Ashurst 0,..,.. 0. 0,..,..,. Nauta Dutilh (Amsterdam) 0,0.0. 0. 0*,0.0,. Bonelli Erede e Pappalardo 0,. 0.,.,0.,.0 Mallesons Stephen Jaques,0..,0.,0.. Allens Arthur Robinson,0..,... McCarthy Tetrault,..,.,. 0. Weil Gotshal & Manges,..,..,0. Ogilvy Renault,... 0*,. 0. Subtotal with,..,,..0. Subtotal without,0..,,0.. 00. Industry Total,.0 00.0,,..

Fourth Quarter 00 Mergers & Acquisitions s Europe Rankings Any French Involvement Announced (AE) Any French Involvement Completed (AG) //00 //00 Mkt. No. US$m Rank Share Deals Bredin Prat,..0 Darrois Villey Maillot Brochier,.. Cleary Gottlieb Steen & Hamilton,..,0..,..,0.0.,0..,0. 0. Garrigues,.. CMS,. 0. 0 Hengeler Mueller,.. Jeantet & Associes,00.. De Brauw Blackstone Westbroek,0..0 Jones Day,00.. 0 Herbert Smith/Gleiss Lutz/Stibbe,0.. Nauta Dutilh (Amsterdam) 0,.. Loyens & Loeff,.. Shalakany Law Office,.. Baker & McKenzie,.. Uria Menendez,0. 0. Shearman & Sterling LLP,.. Orrick Herrington & Sutcliffe LLP,0.. Gibson Dunn & Crutcher,0.. Gide Loyrette Nouel,..0 Skadden, Arps, Slate, Meagher & Flom,.. Subtotal with,..,0 Subtotal without,.., Industry Total,. 00.0, //00 //00 //00 //00 //00 //00 Mkt. No. US$m Rank Rank Val US$m Rank Share Deals US$m Rank Rank Val,.. Bredin Prat,..,0. 0.0,.0.,0.0.,..,.0.,.0.,..,00.. Darrois Villey Maillot Brochier,0..,..,..,..,.. 0,.. Cleary Gottlieb Steen & Hamilton,0..,.. 0,0.. Hengeler Mueller,..,..,..0,..,0. 0..,. CMS,..,0..,0.. Jones Day,. 0.0,.. 0,.. Gide Loyrette Nouel,0..,..,.. 0,..,0..,0.,. Nauta Dutilh (Amsterdam) 0,.. 0. *,0.0,.. Willkie Farr & Gallagher 0,..,..,.. Loyens & Loeff,..0,. 0,00. 0. 0*,0.0 De Brauw Blackstone Westbroek,...0,.,.,00. Shearman & Sterling LLP,0..,.0 0. Ashurst,..,..0,. 0.0 Uria Menendez,..,00..,..,00.0 0.,..,0.0. Orrick Herrington & Sutcliffe LLP,0..,0..,0.. Mayer Brown Rowe & Maw,..,. 0.,0. 0. Chiomenti Studio Legal,0.. 0,..,0.,0.0.. White & Case LLP Weil Gotshal & Manges 0,.0 0,...,.0,0...,.. Subtotal with,. 0.0 0,..0,.. Subtotal without,0. 0.0,..,.. Industry Total,. 00.0,,..

Fourth Quarter 00 Mergers & Acquisitions s Europe Rankings Any Spanish Involvement Announced (AE) Any Spanish Involvement Completed (AG) //00 //00 //00 //00 //00 //00 //00 //00 Mkt. No. Mkt. No. US$m Rank Share Deals US$m Rank Rank Val US$m Rank Share Deals US$m Rank Rank Val Garrigues,..,..,..,0.. Uria Menendez,.,... 0,.,0... Uria Menendez,00.,.0..,.0,. 0.. Darrois Villey Maillot Brochier,.,...,0.0. CMS 0,.,.0..,0. 0,.,.. Bonelli Erede e Pappalardo,.. 0.0 *,.. Cuatrecasas,00.0.,..,0. 0.,.. Wachtell Lipton Rosen & Katz CMS Bredin Prat DLA Piper Araoz y Rueda Gianni, Origoni, Grippo & Partners Osler Hoskin & Harcourt LLP,.,.,0.,00.,. 0,.,.0,.,0.,. 0.0..... 0. 0. 0. 0.,.,0.,.0,.0,.,. 0.,... 0...0,0..,0. 0.,. Garrigues Cuatrecasas Wachtell Lipton Rosen & Katz Bonelli Erede e Pappalardo KPMG Skadden, Arps, Slate, Meagher & Flom DLA Piper Araoz y Rueda Shepherd & Wedderburn Milbank Tweed Hadley & McCloy LLP,0.0 0,.,0.,.,.,0.,.0,.,.,. 0 * *.0......... 0 0,.0,0.,.0 0.0 0.0. 0.,. 0* 0*...,.,0.. Simpson Thacher & Bartlett Skadden, Arps, Slate, Meagher & Flom Jeantet & Associes,.,.,. * * 0 0. 0...0,0.,0. 0,.0,.,0. Garayar Asociados Osler Hoskin & Harcourt LLP Gianni, Origoni, Grippo & Partners,.,.,0. * 0.... 0,. Norton Rose,0.,...,. 0.0 *.,. Simpson Thacher & Bartlett,.,....0,.0,.0.,..,0.. Cleary Gottlieb Steen & Hamilton,..,. 0. Chiomenti Studio Legal,.0.0,.,.0 Gomez Acebo & Pombo 0,0..,. 0. Dewey & LeBoeuf LLP,0..,. 0.,0..0,0.0 0. Subtotal with,..,.. Herbert Smith/Gleiss Lutz/Stibbe,.. 0,0.. Subtotal without Industry Total,.,0.. 00.0 0,,. 0,..0. Subtotal with Subtotal without,0.,0...,0.,.0.. Industry Total,. 00.0,.. * tie * tie

Fourth Quarter 00 Mergers & Acquisitions s Europe Rankings Any German Involvement Announced (AE) Any German Involvement Completed (AG) //00 //00 //00 //00 //00 //00 //00 //00 US$m,. Rank Mkt. Share. No. Deals 0 US$m,. Rank Rank Val. US$m,. Rank Mkt. Share. No. Deals 0 US$m,0. Rank Rank Val. Hengeler Mueller,..,0.0.0 Hengeler Mueller,..,0..0,0..,0..,..,.. Cleary Gottlieb Steen & Hamilton,0..,.. Cleary Gottlieb Steen & Hamilton 0,.0.,0.0. Shearman & Sterling LLP,0.,...,00.,..0. Shearman & Sterling LLP,.,...,.,0... Skadden, Arps, Slate, Meagher & Flom,.,.. 0. 0,.,0. 0 0. 0. Skadden, Arps, Slate, Meagher & Flom,. 0,0...,.,.. 0. Cravath, Swaine & Moore,..,. 0. Cravath, Swaine & Moore,..,0.0. Herbert Smith/Gleiss Lutz/Stibbe,.,. 0..,.,0. 0.. Herbert Smith/Gleiss Lutz/Stibbe,0.,0. 0..,.,... Weil Gotshal & Manges,0..,. 0. Weil Gotshal & Manges,0..,00.. Fried Frank Harris Shriver & Jacobson LLP Milbank Tweed Hadley & McCloy LLP,.,...,0.,.,00.. Davies, Ward, Phillips, & Vineberg, LLP Milbank Tweed Hadley & McCloy LLP,.,....0,0. * 0,00.. Bredin Prat,..,00..0 Bredin Prat 0,..,0..0 Clayton Utz Macfarlanes,.,...0,. 0. 0*.,0. Clayton Utz White & Case LLP,.,... 0,0.,0. 0..0 Davies, Ward, Phillips, & Vineberg, LLP,0.0.0,0. 0. Macfarlanes,.. 0. *,0. McCarthy Tetrault Stikeman Elliott CMS,0.,.,.0 0... 0.0.,. *,.. McCarthy Tetrault Fried Frank Harris Shriver & Jacobson LLP Debevoise & Plimpton,0.,.,. 0...,.,0.,0.0 *..0. Orrick Herrington & Sutcliffe LLP,.. Orrick Herrington & Sutcliffe LLP,.. Darrois Villey Maillot Brochier White & Case LLP,.,...0,.0. Darrois Villey Maillot Brochier Hogan & Hartson,.,0...,.. Debevoise & Plimpton,..,. 0. Noerr Stiefenhofer Lutz,.. 0,. 0. Subtotal with,0..,0.. Subtotal with,0.0.,.0. Subtotal without,.0.,,..0 Subtotal without,0..,0,.. Industry Total 0,00. 00.0,0,.. Industry Total,. 00.0,0,..

Fourth Quarter 00 Mergers & Acquisitions s Europe Rankings Any Italian Involvement Announced (AE) Any Italian Involvement Completed (AG) //00 //00 //00 //00 Mkt. No. US$m Rank Share Deals US$m Rank Rank Val Chiomenti Studio Legal,..,.0. Chiomenti Studio Legal Gianni, Origoni, Grippo & Partners,0..,0.. Bonelli Erede e Pappalardo,.. 0,. 0.,..,. 0. Gianni, Origoni, Grippo & Partners,..,..,..,0. 0.0,..,.. Bonelli Erede e Pappalardo White & Case LLP,.. 0.,. Studio Pedersoli e Associati,..,.. Uria Menendez,. 0.,.. Uria Menendez Cuatrecasas,.. 0. 0,. Cravath, Swaine & Moore,..,. *. White & Case LLP Grimaldi e Associati 0,0..,0.,. Cuatrecasas Cleary Gottlieb Steen & Hamilton 0,0..,.. Cravath, Swaine & Moore Studio Legale Failla Rotondi & Zambelli,.. Grimaldi e Associati Skadden, Arps, Slate, Meagher & Flom,..,0. 0,. Skadden, Arps, Slate, Meagher & Flom Simpson Thacher & Bartlett,...,. Studio Legale Failla Rotondi & Zambelli CMS,.0.0.,. Simpson Thacher & Bartlett Garrigues,.0. CMS Araoz y Rueda,. 0*..,0.0 Garrigues DLA Piper,. 0*..,. Araoz y Rueda Wachtell Lipton Rosen & Katz,. 0*. DLA Piper Osler Hoskin & Harcourt LLP,. 0*..,0.0 Wachtell Lipton Rosen & Katz d'urso Munari Gatti Studio Legale Associato,..,0. 0. Osler Hoskin & Harcourt LLP Labruna Mazziotti Segni,...,. Cleary Gottlieb Steen & Hamilton Subtotal with,.0.,0.0. Subtotal with Subtotal without,0..,0.. Subtotal without Industry Total 0,. 00.0,0,0.. Industry Total //00 //00 //00 //00 US$m Rank Mkt. Share No. Deals US$m Rank Rank Val 0,.0.0,..,..,.,.,0..0,.0.,..,0. 0.,..,.0 0.,..,. 0.,.0 0. 0,. 0.,.,0. 0..,.,.. 0.,0. 0.,. * 0.,..,0..,.0,.,....0. 0.,. *,.,00.0.,..,.,.,... * 0,.0,.,...,..,..,0.,.,.0 0.,.,. * *... 0.0 *,0.0,. *.,. *..,0.0,. 0,. 0.. 0,0.,.. 0.,..,. 0.,. 00.0,..

Fourth Quarter 00 Mergers & Acquisitions s Europe Rankings Any Nordic Involvement Announced (AE) Any Nordic Involvement Completed (AG) //00 //00 //00 //00 //00 //00 //00 //00 Mkt. No. Mkt. No. Cleary Gottlieb Steen & Hamilton Advokatfirman Vinge US$m,.0,. Rank Share.. Deals 0 US$m,.,. Rank Rank Val.. Thommessen Krefting Greve Lund AS US$m,0.,. Rank Share.. Deals US$m,.,. Rank Rank Val.. White & Case LLP,00..,.0. Cleary Gottlieb Steen & Hamilton,..,..,..,.. Shearman & Sterling LLP,..,0.. Baker & McKenzie,0.,0. 0..,0.,. 0.. McCarthy Tetrault White & Case LLP,.,0... 0.,00.,..0 Advokatfirman Cederquist Bennett Jones,.0,0. 0,.... 0..,.,.,.. Davies, Ward, Phillips, & Vineberg, LLP,.,.,. 0. 0. 0.0 0,.,0... Shearman & Sterling LLP Ashurst 0,. 0,. 0,. 0,. 0....,.,.0,.,. 0.... Advokatfirman Vinge Baker & McKenzie Bennett Jones,.,.,.0,0. 0...0. 0,.,.0,0.. 0*..0,0.,. Hannes Snellman 0,0. 0,0...0,.,0. 0.0. Osler Hoskin & Harcourt LLP 0,.,...0,. 0..,.0 Davies, Ward, Phillips, & Vineberg, LLP,0..,. 0.0,0..,.. Osler Hoskin & Harcourt LLP,...,0. Alston & Bird,.. Thommessen Krefting Greve Lund AS Alston & Bird,0.,...,.. Allens Arthur Robinson Hengeler Mueller,0.,.0..0.,. *.. Gernandt & Danielsson Advokatbyra AB,. 0.,.. Roschier,. 0.,..0 Winston & Strawn Sidley Austin LLP,.0,.0 * *.. Sutkiene Pilkauskas & Partners Hannes Snellman,.,...,.. Holland & Knight LLP,.0 *. Ashurst,..,. 0. Lovells,..,.. Advokatfirman Cederquist,0.0. 0.,. Roschier,..,00.. Krogerus & Co,...,. Subtotal with,..,0.0. Subtotal with 0,0.. 0,.0. Subtotal without,..,,0.. Subtotal without,0..,,..0 Industry Total,. 00.0,,.. Industry Total,. 00.0,,..

Fourth Quarter 00 Mergers & Acquisitions s Europe Rankings Any Benelux Involvement Announced (AE) Any Benelux Involvement Completed (AG) //00 //00 //00 //00 //00 //00 //00 //00 Mkt. No. Mkt. No. US$m Rank Share Deals US$m Rank Rank Val US$m Rank Share Deals US$m Rank Rank Val,..,..,. 0. 0,..0 De Brauw Blackstone Westbroek,. 0. 0,.. Nauta Dutilh (Amsterdam),0..,0.. Nauta Dutilh (Amsterdam),..,..0 De Brauw Blackstone Westbroek,.. 0,..,0.. 0,..,.. 0,00..,.. 0,.. Cleary Gottlieb Steen & Hamilton,..0 0 0,.. Debevoise & Plimpton,. 0.,0. 0.,..,.,. Cleary Gottlieb Steen & Hamilton,. 0.,.0. Debevoise & Plimpton,0..,0..,..0 0,.. Herbert Smith/Gleiss Lutz/Stibbe,0.0.,.. Slaughter & May 0,..,.0.,0..,0.. Herbert Smith/Gleiss Lutz/Stibbe,. 0.,. 0. Shearman & Sterling LLP,. 0.,. 0. Willkie Farr & Gallagher 0,0..,.,. Cravath, Swaine & Moore 0,0.. Bonelli Erede e Pappalardo 0,..0.,. Willkie Farr & Gallagher 0,. 0.,0.,. Shearman & Sterling LLP 0,..,0..0 Uria Menendez 0,..,.,0. Uria Menendez 0,..,.0,0. Slaughter & May 0,..,0.. Cravath, Swaine & Moore 00,..,.,0. Bonelli Erede e Pappalardo,..,.,. Fasken Martineau DuMoulin LLP,... 0,0. Fasken Martineau DuMoulin LLP,..,.,.,..,.. Skadden, Arps, Slate, Meagher & Flom,..,.0. Skadden, Arps, Slate, Meagher & Flom,..,..,..,. 0.0,.0.,.0 0 0. Wachtell Lipton Rosen & Katz,..,.. Wachtell Lipton Rosen & Katz 0,0. 0.,. 0.,. 0.,. 0. Dewey & LeBoeuf LLP 0,0.. 0,.. CMS,0..,.0,. Baker & McKenzie,..,.. Fried Frank Harris Shriver & Jacobson LLP,..,. *. CMS,..,. 0.0 Darrois Villey Maillot Brochier,0..,0.0,0. McCarthy Tetrault,.0. 0.,. Dewey & LeBoeuf LLP,0.0.0 0,.. Bredin Prat,0.. 0,.. Bredin Prat,..0 0,0..0 Subtotal with,0.0 0. 0,. 0. Subtotal with,..,. 0. Subtotal without,..,.. Subtotal without,..,.. Industry Total,.0 00.0, 0,. 0. Industry Total,.0 00.0, 0,. 0.

Europe Rankings 0 Any Eastern European Involvement Announced (AE) Any Eastern European Involvement Completed (AG) //00 //00 //00 //00 //00 //00 //00 //00 Mkt. No. Mkt. No. US$m Rank Share Deals US$m Rank Rank Val US$m Rank Share Deals US$m Rank Rank Val CMS,.0.,. 0. White & Case LLP,..,0..,..,.. CMS,0.. 0,..,..,..,0..0,..,..,.0. Cleary Gottlieb Steen & Hamilton,0.0. 0,.. Skadden, Arps, Slate, Meagher & Flom,..,. 0 0. Hogan & Hartson,0..,. 0. White & Case LLP,..,..,0.0.,..0 Cleary Gottlieb Steen & Hamilton,..,..,.. 0,.. Dewey & LeBoeuf LLP,..,. 0. Skadden, Arps, Slate, Meagher & Flom,.0.,0.. Osler Hoskin & Harcourt LLP,...0,.0 Salans,...,0. Salans,. 0.,.. Baker Botts LLP,0.0 0..,0. Hogan & Hartson,..,0.. Osler Hoskin & Harcourt LLP,...0,.0 Baker & McKenzie,0..,..0 Debevoise & Plimpton,0..,0.0. Goodmans,. *. Cravath, Swaine & Moore,0.. Clayton Utz,. *. 0.0 *,. Dewey & LeBoeuf LLP,..0 0.. McCarthy Tetrault,. *. Clayton Utz,0.. Debevoise & Plimpton,..,.0. Goodmans,. *.,..,.. McCarthy Tetrault,. *. Squire Sanders & Dempsey LLP,..,.. Baker & McKenzie,..0,0..0 Cravath, Swaine & Moore,..,0. *. Jones Day,..0 0.0 * Akin, Gump, Strauss, Hauer & Feld,. 0.0,.0.,. 0.0,.. Bryan Cave LLP,.0. Squire Sanders & Dempsey LLP,00... 0. Egorov Puginsky Afanasiev & Partners,.0. 0.0,. Paul Weiss Rifkind Wharton & Garrison LLP,0.. Taylor Wessing,0. *. Egorov Puginsky Afanasiev & Partners,.0. O'Melveny & Myers,0. *. Bryan Cave LLP,.0. Simpson Thacher & Bartlett,0..,.0.,00.0. Subtotal with,..,0..0 Subtotal with,. 0.0,.. Subtotal without,..,,.. Subtotal without,. 0.0 0,.. Industry Total 0,0. 00.0,,..0 Industry Total,. 00.0,,.. 0

Fourth Quarter 00 Mergers & Acquisitions s Asia Pacific exjapan M&A Asia Pacific exjapan M&A Volume Sets New Record I Australian Companies Most Acquisitive Materials Most Targeted Sector Asia Pacific exjapan M&A Volume Sets New Record M&A volume for Asia Pacific exjapan transactions increased by.% to an all time high of US$. billion from the US$0. billion recorded last year. Total number of transactions slightly rose by.% to, total deals from 0, announced last year. Australian Companies Most Acquisitive Australia was the most acquisitive nation in 00, with a total of US$. billion out of, total transactions recorded for the region, accounting for.% of deal activity. China followed with,0 deals worth US$. billion, and South Korea was third most active with US$. billion from 0 deals. AsiaPacific exjapan Involvement Announced M&A by Target Industry January, 00 December, 00 High Technology January, 00 December, 00 Media and Entertainment Telecommunications Industrials Real Estate Materials Most Targeted Sector Materials was the most sought after sector with, transactions worth US$. billion. Financials was second most active sector with, total deals worth U$. billion while Energy & Power, which was the most targeted sector last year, came in third with transactions worth US$. billion. Energy and Power Financials Materials $0 $0,000 $00,000 $0,000 $00,000 $0,000 $00,000 (US$m) Rio TintoBHP Billiton Deal Reigns 00 M&A Tables Ranked as the second largest M&A deal of all time, BHP Billiton s unsolicited offer for Rio Tinto was the top deal of 00, amounting to US$. billion. SK Corp's spinoff of its petroleum, chemical, and lubricant businesses was second largest at US$ billion. Wesfarmers' acquisition of Coles Group was third at US$. billion. Top 0 Any AsiaPacific (ex. Japan) Involvement Announced Deals Rank Date Status Target Acquiror ($m) //00 Intended Rio Tinto PLC BHP Billiton Ltd,. //00 Completed SK CorpPetrochemical Business Shareholders,. //00 Completed Coles Group Ltd Wesfarmers Ltd,.0 //00 Completed Hutchison Essar Ltd Vodafone Group PLC,.0 /0/00 Pending UBS AG Investor Group,.0 /0/00 Completed Alinta Ltd Investor Group,. //00 Pending Orica Ltd Investor Group,. //00 Completed Crown Ltd Shareholders,. //00 Pending MidCon Corp Investor Group,.0 //00 Pending Korea Exchange Bank HSBC Holdings PLC{HSBC},0.

Fourth Quarter 00 Mergers & Acquisitions s AsiaPacific exjapan Rankings Any AsiaPacific exjapan Involvement Announced (AE0) Any AsiaPacific exjapan Involvement Completed (AG) //00 //00 //00 //00 //00 //00 //00 //00 Mkt. No. Mkt. No. Allens Arthur Robinson Skadden, Arps, Slate, Meagher & Flom US$m 0,.,. Rank Share.. Deals US$m,.,00. Rank Rank Val.,. Freehills Allens Arthur Robinson US$m,.,. Rank Share.. Deals US$m,.,0. Rank Rank Val..0 Blake Dawson,0..,. 0. Minter Ellison,..0 0,00.. Slaughter & May,..,..,0. 0.,.. Freehills,0.. 0,.. Mallesons Stephen Jaques,..,..,0..,0.0.0,.0.,0.. Mallesons Stephen Jaques 0,.. 0,. 0. Clayton Utz,0..,..,0.. 0 0,.. Slaughter & May,0.. 0 0,0.. Clayton Utz,..,. 0.,0..,..,. 0.,.. Simpson Thacher & Bartlett,.0 0.,..0 Minter Ellison,. 0,0... 0,.,0..0. Blake Dawson 0,.0,...,.,0.0.. Paul Weiss Rifkind Wharton & Garrison LLP Simpson Thacher & Bartlett,0.,.,....,.,.,..0.. Skadden, Arps, Slate, Meagher & Flom Baker & McKenzie,0.,0.,....,.,0.,.0 0.. 0. Baker & McKenzie Allen & Gledhill Gilbert + Tobin Chang,Pistilli & Simmons Corporate Lawyers,0.,0. 0,.,.....,.,.,..0 0 0.0.0.,0. Gilbert + Tobin Shearman & Sterling LLP Paul Weiss Rifkind Wharton & Garrison LLP,0.,0.,00.,0..... 0,.,.,.,.0.. 0..,. 0.0 0,. 0. Herbert Smith/Gleiss Lutz/Stibbe 0,. 0.,.. Osler Hoskin & Harcourt LLP,..0 0,0.. Ashurst 0,.. 0,. 00.0 Norton Rose,0..,.0.0 Allen & Gledhill,..,0. 00. Wong Partnership,0.0. 0,. 0. Cravath, Swaine & Moore,0..,.. Torys,0..,.. Osler Hoskin & Harcourt LLP,.. 0,. 0. 0,0.. 0,. 0 0. Chang,Pistilli & Simmons Corporate Lawyers,0.0.. 0,. Subtotal with Subtotal without,.,..0.0,,,.,... Subtotal with Subtotal without,.,0...,,,.,. 0.. Industry Total,. 00.0, 0,.. Industry Total 0,.0 00.0,0,. 0.0

Fourth Quarter 00 Mergers & Acquisitions s Asia exjapan M&A Asia exjapan M&A Reaches Record US$. billion I Chinese Companies Most Targeted Financials Most Souught After Sector Asia exjapan M&A Activity Reaches Record Volume In 00, overall announced M&A activity in Asia exjapan amounted to a record high of US$. billion, a % rise from the US$. billion of announced transactions in 00. Similarly, the number of deals showed an.% increase to, from,0 recorded during the previous year. Chinese Companies Most Targeted Chinese companies remained the most sought after targets in the region with, total deals amounting to US$. billion. South Korean companies were second most targeted with US$ billion in announced transactions. Hong Kong companies rounded out the top three most targeted list with a 0.% market share. Malaysia Australia Singapore India United States of America Asian Involvement Announced M&A by Target Nation January, 00 December, 00 January, 00 December, 00 Hong Kong Financials Most Targeted Sector With US$0. billion in volume, Financial companies emerged as the most sought after targets for takeover; this sector captured a.% market share of overall M&A activity. Energy & Power and Materials rounded out the top three sectors with US$. billion and US$. billion, respectively. South Korea China $0 $0,000 $0,000 $0,000 $0,000 $0,000 $0,000 $0,000 $0,000 SK Corp Spinoff Top Deal The spinoff of SK Corp's petroleum, chemical and lubricant businesses, valued at US$ billion, led all Asia exjapan M&A transactions in rank value. Vodafone PLC's acquisition of a majority interest in Hutchison Essar Ltd came in second, with a rank value of US$. billion. The stake purchase in UBS AG by an investor group was the third largest deal with a value of US$. billion. Top 0 Any Asian (ex. Japan) Involvement Announced Deals Rank Date Status Target //00 Completed SK CorpPetrochemical Business //00 Completed Hutchison Essar Ltd /0/00 Pending UBS AG /0/00 Completed Alinta Ltd //00 Pending Korea Exchange Bank /0/00 Completed Novelis Inc 0//00 Pending Standard Bank Group Ltd //00 Pending Merrill Lynch & Co Inc //00 Pending Hutchison Essar Ltd //00 Pending Sprint Nextel Corp (US$m) Acquiror Shareholders Vodafone Group PLC Investor Group Investor Group HSBC Holdings PLC{HSBC} AV Aluminum Inc ICBC Investor Group Vodafone Group PLC SK Telecom Co Ltd ($m),.,.0,.0,.,0.,.,.,00.0,.,000.0

Fourth Quarter 00 Mergers & Acquisitions s Asia exjapan Rankings Any Asia exjapan Involvement Announced (AE) Any Asia exjapan Involvement Completed (AG) //00 //00 //00 //00 //00 //00 //00 //00 Mkt. No. Mkt. No. US$m Rank Share Deals US$m Rank Rank Val US$m Rank Share Deals US$m Rank Rank Val,.. 0,..,..,..,..,..,0..,0..,..,0. 0 0. Minter Ellison,.. 0.,. Paul Weiss Rifkind Wharton & Garrison LLP,..,..,..0,.. Allen & Gledhill,0..,..0 Slaughter & May,..,.. Freehills,.. 0,.. Paul Weiss Rifkind Wharton & Garrison LLP,..,.0.,..,.. 0,..,0.0. Simpson Thacher & Bartlett,..0,. 0. Herbert Smith/Gleiss Lutz/Stibbe,..,..,..0 0,.. Shearman & Sterling LLP,..0,. 0. Skadden, Arps, Slate, Meagher & Flom,. 0.,0.. Freehills,0. 0.,00.0. Osler Hoskin & Harcourt LLP,00.0. 0.,. Simpson Thacher & Bartlett,..,.0. Blake Dawson,..,0.. Allen & Gledhill,..,. 0 0. Norton Rose,0..,.0.0 Skadden, Arps, Slate, Meagher & Flom,0..,.. Baker & McKenzie,0..,00.. Ashurst,00.0.,.. Wong Partnership,0.0.0 0,.. De Brauw Blackstone Westbroek,...0,0.0 Minter Ellison,00.,.0..,.,0.. 0. Osler Hoskin & Harcourt LLP Blake Dawson,0.0,...,0.,... Mallesons Stephen Jaques,..,.. Baker & McKenzie,.. 0,..0 Chang,Pistilli & Simmons Corporate Lawyers,.. Paul Hastings Janofsky & Walker,00...,. Cleary Gottlieb Steen & Hamilton,.0 0.,0..,. 0.0,.. Jones Day,..,. 0. Chang,Pistilli & Simmons Corporate Lawyers,.. Paul Hastings Janofsky & Walker,0..,.. Wong Partnership 0,0..,0. 0. Torys,..0. 0,0. Jones Day,0..0,..0,.0.,.. Torys,... *,0. Drew & Napier,..,00.. Cleary Gottlieb Steen & Hamilton,0..,0.. Subtotal with 0,0.. 0,..0 Subtotal with,. 0.0,.. Subtotal without,..,,.. Subtotal without,. 0.0,,.. Industry Total,00. 00.0,,.. Industry Total 0,. 00.0,0 0,0..

Fourth Quarter 00 Mergers & Acquisitions s Australia & New Zealand M&A BHP Billiton Drives Australia & New Zealand M&A ; Top Deal in Region I Allens Arthur Robinson Top Counsel BHP Billiton Drives Australian M&A Australian M&A volume doubled in value to reach US$0. billion in 00. This surge in deal activity was mainly due to the announcement of the second largest M&A deal of all time, BHP Billiton Ltd s US$. billion offer for Rio Tinto PLC. New Zealand M&A Falls.% Announced New Zealand M&A volume dropped by.% to US$. billion in 00. Aided by the Rank Group Ltd s US$. billion acquisition of Alcoa s packaging & consumer business, the Materials sector captured a.% market share or US$. billion in total rank value of all announced deals in New Zealand. (US$m) $0,000 $00,000 $0,000 $00,000 $0,000 $0 Australian Involvement Announced M&A by Target Industry January, 00 December, 00 January, 00 December, 00 Materials Real Estate Energy and Power Retail Media and Entertainment Top 0 Any Australian or New Zealand Involvement Announced Deals Rank Date Status //00 Intended //00 Completed /0/00 Completed //00 Pending //00 Completed //00 Pending //00 Completed //00 Completed //00 //00 Completed Completed Target Acquiror ($m) Rio Tinto PLC BHP Billiton Ltd,. Coles Group Ltd Wesfarmers Ltd,.0 Alinta Ltd Investor Group,. Orica Ltd Investor Group,. Crown Ltd Shareholders,. MidCon Corp Investor Group,.0 TollTransport Infrastructure Shareholders,Investors(NonUS),. Investa Property Group Morgan Stanley Real Estate,. New Plan Excel Realty Trust Centro Retail Group,. Multiplex Ltd Brookfield Asset Mgmt Inc,. (US$m) $,000 $,000 $,000 $,000 $,000 New Zealand Involvement Announced M&A by Target Industry January, 00 December, 00 January, 00 December, 00 $0 Materials Media and Entertainment Industrials Financials Real Estate

Fourth Quarter 00 Mergers & Acquisitions s Australia & New Zealand Rankings Any Australia or New Zealand Involvement Announced (AE) Any Australia or New Zealand Involvement Completed (AG) Allens Arthur Robinson Blake Dawson Skadden, Arps, Slate, Meagher & Flom Slaughter & May Freehills Mallesons Stephen Jaques Clayton Utz Minter Ellison Gilbert + Tobin Chang,Pistilli & Simmons Corporate Lawyers Baker & McKenzie Debevoise & Plimpton Hogan & Hartson Goodwin Procter LLP Simpson Thacher & Bartlett Alston & Bird Bell Gully Simmons & Simmons Corrs Chambers Westgarth SJ Berwin Torys Subtotal with Subtotal without Industry Total //00 //00 //00 //00 //00 //00 //00 //00 Mkt. No. Mkt. No. US$m Rank Share Deals US$m Rank Rank Val US$m Rank Share Deals US$m Rank Rank Val,..,. 0. Freehills,.0.,..,..,0. 0.0 Allens Arthur Robinson,.0.,0.. 0,.0. 0 0,.,0. Minter Ellison,.. 0,00..,..,.. Mallesons Stephen Jaques,..,. 0.0,0.. 0,.. Clayton Utz 0,..,..,.. 0,.. Blake Dawson,.0.,..,.. 0,..,.. 0,. 0. 0,0. 0,... 0,.0,00... Gilbert + Tobin Simpson Thacher & Bartlett,0. 0,. 0..,.,0. 0..,.,. 0..,0..0.,0. Slaughter & May,.,. 0.. 0,0...,.,0..,.. Chang,Pistilli & Simmons Corporate Lawyers,0.0..,. 0,..,0..0 Baker & McKenzie,0..,. 0. 0,..,..,0..,..,00..,. 0. Cravath, Swaine & Moore,..,0..,. 0.,..,0..,.0.,.. Skadden, Arps, Slate, Meagher & Flom,.. 0,0..,.. 0.0 * Corrs Chambers Westgarth 0,0.. 0,0..,0..,.. Debevoise & Plimpton,0..0 0.0 *,0. 0.. *.,0. 0.,.0.,..,0.0. Hogan & Hartson,.0.,..,.0. Dewey & LeBoeuf LLP,.0.,0.. 0,.. Goodwin Procter LLP,.. 0.0 *,..0,0.. Alston & Bird,0..,..0,.. Deacons,.. 0,.0.,..,. 0. Subtotal with,0.0.0 0,0..,000..,,0. 0. Subtotal without,..0,0 0,..,0. 00.0, 0,. 0. Industry Total,. 00.0, 0,..

Fourth Quarter 00 Mergers & Acquisitions s Criteria Summary If you would like to participate in the submission process, receive quarterly press releases, or have questions about league table criteria please contact: United States Victor Eng Tel: + Email: victor.eng@thomson.com Europe Leon Saunders Calvert Tel: + (0) 0 0 00 Email: leon.saunderscalvert@thomson.com AsiaPacific Katerina Ylen Tel: + 0 Email: katerina.ylen@thomson.com Japan Tomomi Terahara Tel: + Email: tomomi.terahara@thomson.com Announced league tables include all deals that were announced between January, 00 and December, 00 and of which Thomson Financial was made aware. All current data and previous year's data is as of :00pm EST on January, 00. League tables include rank eligible mergers, acquisitions, repurchases, spinoffs, selftenders, minority stake purchases and debt restructurings. A tender/merger transaction is considered to be effective at the time of consummation of the merger or the date on which it is declared wholly unconditional. All tables are based on unless otherwise stated. Mergers values are based on the target company, not on the combined value of the two companies. Deals with undisclosed dollar values are rank eligible but with no corresponding. Imputed fees are calculated using Freeman & Co. proprietary algorithm where spreads or fees are not disclosed. Deal fees are on a gross basis before all expenses. Each underwriter or advisor is allocated its share of deal fees using Freeman & Co. allocation methodology, based on the number of underwriters or advisors on the deal and their role. No fees are allocated to syndicated members. Financial and legal advisors receive full credit for each deal on which they provide financial or legal advisory services, unless they represent minority sellers or advise on only a portion of the transaction or Thomson Financial has not been made aware of their participation in that transaction. For pending transactions, advisors to targets of multiple bids receive credit for the transaction agreed to or, in the absence of an agreement, the value of the highest offer. Any Involvement league tables include deals where the target, acquiror, or either ultimate parent are domiciled (nation of headquarters) in the specified region or nation. NonUS dollar denominated transactions are converted to the US dollar equivalent at the time of announcement. The content contained within does not constitute a recommendation or solicitation to buy or sell securities of any kind, and Thomson Financial has not undertaken any liability or obligation relating to the purchase or sale of any securities for or by any person. The information presented in this report is believed to have come from reliable and accurate sources. However, Thomson Financial is not responsible for any errors or omissions.