League tables Top 15 financial advisers – Greater China value YTD 31-Mar-2009 House Value ($m) Deal count 1 Morgan Stanley 16,151 7 2 Nomura Holdings 12,866 3 3 China International Capital 12,862 2 4 JPMorgan 12,609 3 5= Blackstone Group Holdings 11,838 1 5= Credit Suisse 11,838 1 5= Macquarie Group 11,838 1 8= Bank of China International Holdings 2,381 1 8= Royal Bank of Scotland Group 2,381 1 10 Bank of America Merrill Lynch 1,909 2 11 Somerley 1,822 3 12 CITIC Securities 1,807 1 13 BNP Paribas 1,401 2 14 Optima Capital 1,029 5 15 Guotai Junan Securities 1,026 1 Source: mergermarket volume YTD 31-Mar-2009 House Value ($m) Greater China The financial adviser league tables by value and volume have been run from 01 January 2009 to 31 March 2009 and exclude lapsed and withdrawn deals. The tables cover all sectors and are based on the geography of either the target, bidder or seller being Greater China. Top 15 legal advisers – Greater China value YTD 31-Mar-2009 House Value ($m) Deal count 1 Linklaters 14,219 2 2 Mallesons Stephen Jaques 12,807 4 3 Clifford Chance 11,841 2 4= Allens Arthur Robinson 11,838 1 4= Chiomenti Studio Legale 11,838 1 4= Fried Frank Harris Shriver & Jacobson 11,838 1 4= Johnson Winter & Slattery 11,838 1 4= Simpson Thacher & Bartlett 11,838 1 4= Wachtell, Lipton, Rosen & Katz 11,838 1 10 Blake Dawson 2,801 2 11 Herbert Smith/Gleiss Lutz/Stibbe 2,603 6 12 Freshfields Bruckhaus Deringer 2,494 5 13= Freehills 2,393 1 13= Gilbert + Tobin 2,393 1 15= Davis Polk & Wardwell 2,381 1 15= Slaughter and May 2,381 1 Source: mergermarket Deal count 1 Morgan Stanley 16,151 7 2 Optima Capital 1,029 5 3 Taifook Securities 125 4 4 Nomura Holdings 12,866 3 5 JPMorgan 12,609 3 6 Somerley 1,822 3 7 Deutsche Bank 868 3 8 CIMB Group 52 3 9 China International Capital 12,862 2 10 Bank of America Merrill Lynch 1,909 2 11 BNP Paribas 1,401 2 12= Azure Capital 771 2 12= Grant Samuel 771 2 volume 14 Partners Capital International 196 2 15 Platinum Securities 108 2 YTD 31-Mar-2009 House Value ($m) Source: mergermarket The legal adviser league tables by value and volume have been run from 01 January 2009 to 31 March 2009 and include lapsed and withdrawn deals. The tables cover all sectors and are based on the geography of either the target, bidder or seller being Greater China. Deal count 1 Herbert Smith/Gleiss Lutz/Stibbe 2,603 6 2 Freshfields Bruckhaus Deringer 2,494 5 3 Mallesons Stephen Jaques 12,807 4 4 Baker & McKenzie 18 3 5 Linklaters 14,219 2 6 Clifford Chance 11,841 2 7 Blake Dawson 2,801 2 8 Clayton Utz 771 2 9 JSM 760 2 10 DLA Piper 733 2 11 Stikeman Elliott 313 2 12 Skadden Arps Slate Meagher & Flom 209 2 13 Lee and Li Attorneys at Law 168 2 14 Grandall Legal Group 166 2 15 Stamford Law 129 2 Source: mergermarket <strong>Monthly</strong> M&A report – 60
value ($m) Trend graphs Greater China M&A quarterly trend value volume 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2003 2003 2003 2003 2004 2004 2004 2004 2005 2005 2005 20052006 2006 2006 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009 Greater China M&A quarterly private equity trend value volume value ($m) 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2003 2003 2003 2003 2004 2004 2004 2004 2005 2005 2005 2005 2006 2006 2006 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009 Greater China buyouts Greater China exits number of deals number of deals 300 250 200 150 100 50 25 20 15 10 5 0 Greater China Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2003 2003 2003 2003 2004 2004 2004 2004 2005 2005 2005 2005 2006 2006 2006 2006 2007 2007 2007 20072008 2008 2008 2008 2009 Moving average trend line 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2003 2003 2003 2003 2004 2004 2004 2004 2005 2005 2005 2005 2006 2006 2006 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009 Greater China buyouts Greater China exits <strong>Monthly</strong> M&A report – 61