2014 EAST COLES EQUITIES MARKETS RESEARCH

HOUSE RESULTS – RANKED IN ORDER

ALL BANKS OVERALL 1 UBS 2 Macquarie 3 Deutsche RESEARCH 1 UBS 2 Macquarie 3 Credit Suisse DEALING 1 UBS 2 Macquarie 3 Citi ECM 1 UBS 2 Macquarie 3 Goldman Sachs

INDEPENDENTS OVERALL 1 Canaccord Genuity 2 Morgans 3 Taylor Collison RESEARCH 1 Canaccord Genuity 2 Morgans 3 Evans and Partners DEALING 1 Taylor Collison 2 Morgans 3 Canaccord Genuity

ECM 1 Canaccord Genuity 2 Euroz 3 Petra Capital

SECTOR RESULTS – RANKED IN ORDER A/C MGT - RSRCH SALES 1 KANAAN, George - UBS 2 SPENCER, John - UBS 3 RICHARDSON, Angus - Citi BANKS 1 MOTT, Jonathan - UBS 2 WIBLIN, Michael - Macquarie 3 JOHNSON, Brian - CLSA BUILDING MATERIALS 1 SMITH (nee Behncke), Emily - Deutsche 2 PEROS, Andrew - Credit Suisse 3 STEED, Jason - JP Morgan COMMODITIES 1 PRICE, Tom - UBS 2 LELONG, Christian - Goldman Sachs 3 ROPER, Ian - CLSA CONSTRUCTION AND ENGINEERING 1 THEODORE, Sam - UBS 2 BROWNETTE, Ben - CBA 3 PURTELL, John - Macquarie DATABASE 1 DUFFY, Sheridan - Macquarie 2 SWINBOURNE, Jason - Credit Suisse 3 DINH, Liz - Citi DIV FINANCIAL SERVICES 1 PITTAWAY, Nigel - Citi 2 WILLIAMS, Chris - UBS 3 CHIDGEY, Kieren - Deutsche

DIVERSIFIED METALS & MINING 1 LAWCOCK, Glyn - UBS 2 YOUNG, Paul - Deutsche 3 FITZPATRICK, Brendan - Morgan Stanley ECONOMICS 1 HASLEM, Scott - UBS 2 TOOHEY, Tim - Goldman Sachs 3 ESLAKE, Saul - Bank of America Merrill Lynch ENERGY 1 WOOD, Adrian - Macquarie 2 SMITH, Luke - CBA 3 BURNS, Nik - UBS ESG 1 PRIOR, Elaine - Citi 2 MITCHELL, Deana - Macquarie 3 McCULLAGH, Sandra - Credit Suisse FOOD & BEVERAGES 1 JACKSON, Stuart - JP Morgan 2 McLENNAN, Andrew - CBA 3 WOOLFORD, Craig - Citi GAMING 1 THEODORE, Sam - UBS 2 RYAN, Matthew - JP Morgan 3 WILSON, Mark - Deutsche HEALTHCARE & BIOTECH 1 GOODSALL, Andrew - UBS 2 STANTON, David - CLSA 3 HADASSIN, Saul - Credit Suisse INFRASTRUCTURE 1 KELLY, Scott - Morgan Stanley 2 SPENCE, Matt - Bank of America Merrill Lynch 3 HOLMES, Carolyn - JP Morgan

INSURANCE 1 PITTAWAY, Nigel - Citi 2 PARAMESWARAN, Siddharth - JP Morgan 3 COGHILL, James - UBS MEDIA 1 EARY, Richard - UBS 2 McLEOD, Andrew - Morgan Stanley 3 BENNETT, Alice - CBA OTHER METALS & MINING 1 SLIFIRSKI, Michael - Credit Suisse 2 TERRY, Chris - Deutsche 3 BATTERSHILL, Jonathan - UBS PAPER PACKAGING & CHEMICALS 1 LAZAR, Ramoun - UBS 2 WILSON, Mark - Deutsche 3 PURTELL, John - Macquarie QUANTITATIVE 1 WINTER, Paul - UBS 2 CONOMOS, John - Macquarie 3 HITCHENS, Richard - Credit Suisse REAL ESTATE 1 CHECCHIN, Paul - Macquarie 2 FREEMAN, Rob - Macquarie 3 JONES, Richard - JP Morgan REAL ESTATE INVESTMENT TRUSTS DEALING 1 COOPER, Jason - Credit Suisse 2 McCALL, Jamie - Citi 3 MYLOTT, Louise - Morgan Stanley RETAIL 1 WOOLFORD, Craig - Citi 2 McLENNAN, Andrew - CBA 3 GILBERT, Ben - UBS

SALES TRADING & FACILITATION 1 SHAW, Tim - Macquarie 2 GOONAN, Anthony - Morgan Stanley 3 RAE, Matthew - Goldman Sachs SMALL AND MID CAPS DEALING 1 WONG, Clinton - UBS 2 KILLORAN, Matt - Morgan Stanley 3 BARRY, Leo - Bank of America Merrill Lynch SMALL AND MID CAPS 1 PATNEY, Naveen - CBA 2 XU, Han - UBS 3 SIMPSON, Adam - Macquarie STEEL 1 SLIFIRSKI, Michael - Credit Suisse 2 FARLOW, Liam - Macquarie 3 SMITH (nee Behncke), Emily - Deutsche STRATEGY 1 BRANWHITE, Tanya - Macquarie 2 TOOHEY, Tim - Goldman Sachs 3 KIRKWOOD, Joshua - Bank of America Merrill Lynch TELECOMMUNICATIONS 1 CLIBBORN, Bradley - Credit Suisse 2 EARY, Richard - UBS 3 LEVY, Andrew - Macquarie TRANSPORT 1 MITCHELL, Simon - UBS 2 McDONALD, Cameron - Deutsche 3 KELLY, Scott - Morgan Stanley UTILITIES 1 ALLOTT, William - CBA 2 LEITCH, David - UBS 3 STEED, Jason - JP Morgan