<h2>Distribution of Ratings</h2>ratings from 1 Jul 2009 to 30 Jun 2010<br><br>
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<TABLE class=recTable cellSpacing=0 width="60%">
<TBODY>
<TR class=topline vAlign=top>
<TD>&nbsp;
<TD class=dcol>All Securities
<TD class=dcol>Corporate Clients</TD></TR>
<TR>
<TD>Buy
<TD class=dcol>48.2%</TD>
<TD class=dcol>71.4%</TD>
<TR>
<TD>Add
<TD class=dcol>19.8%</TD>
<TD class=dcol>28.6%</TD>
<TR>
<TD>Hold
<TD class=dcol>27.2%</TD>
<TD class=dcol>0%</TD>
</TR>
<TR>
<TD>Reduce
<TD class=dcol>3.1%</TD>
<TD class=dcol>0%</TD>
</TR>
<TR>
<TD>Sell
<TD class=dcol>1.6%</TD>
<TD class=dcol>0%</TD>
</TR>

<TR>
<TD>&nbsp;
<TD class=dcol>&nbsp;</TD>
<TD class=dcol>&nbsp;</TD></TR>
<TR class=topline>
<TD>Total
<TD class=dcol>100% </TD>
<TD class=dcol>100%</TD></TR></TBODY></TABLE>