E Iosuraoce roup Liited 0BE

0BE lrsu|orce C|uuu ,0BE is o luuol u|u.iJe| u ere|ol

irsu|orce orJ |eirsu|orce se|.ices ir /ust|olio, /sio |ociic,
t|e /ae|icos, Eu|uue orJ Euotu| Re. 0BE is or /ust|olior
listeJ cuauor] wit| o C|uuu |eoJ uice uoseJ ir S]Jre],
curJuctir uue|otiurs ir 5Z cuurt|ies..
C|oi|aor BJ |utc|irsur
CE0lM0 J leol
Sec|eto|] 0 Roaso]
/uJitu| ||icewote||uuseCuuue|s
Teleu|ure. -1 Z 93/5 ++++
weusite. www.ue.cua
/JJ|ess. cZ |itt St
S]Jre] lSw Z000
Reist|] weusite. www.lir|ao||etse|.ices.cua.ou
8trategy AoaIysis os ot 03.0/.Z01Z
0BE's st|oteic uujecti.e is tu |eaoir o |i|l] |esuecteJ orJ
successul ere|ol irsu|orce orJ |eirsu|orce |uuu u]
eo|rir urJe|w|itir su|uluses ir eoc| irsu|orce Ji.isiur
orJ cuurt|] cuauireJ wit| ouu.e uerc|ao|| ir.estaert
|etu|rs. T|e uujecti.es u aoroeaert o|e tu |uw
s|o|e|ulJe| weolt| u.e| t|e lurte|a w|ile aoirtoirir o
suurJ sul.erc] uusitiur orJ o luw |is| u|uile, iau|u.e
custuae| sotisoctiur orJ |etertiur, auti.ote eaulu]ees orJ
aoirtoir o |i| Je|ee u irte|it]. Ertersi.e |is|
aoroeaert is ir uloce tu u|utect oll sto|e|ulJe|s. 0BE's
st|ote] is uoseJ ur u|oric |uwt| |ua eristir Ji.e|siieJ
uue|otiurs suuuleaerteJ u] ostute .olueoJJir
ocuisitiurs. 0BE |os aoJe u.e| 1+0 ocuisitiurs u.e| t|e
uost Z5 ]eo|s orJ cu||ertl] uue|otes ir 5Z cuurt|ies.
FioaociaI Fositioo
1Z10 SMil 1Z11 SMil
Cos| 159 1+35
Recei.oules 3/ /013
lr.estaerts 959 10900
Cu||ert /ssets 19c1c Z19/5
|ur Te|a Recei.oules ZZ1c Z053
|ur Te|a lr.estaerts 135 15Z+1
|ireJ /ssets +Z5 ++1
Cloias 0utstorJir 3Zc //+c
|o]oules Z1Z 150
|urTe|a 0eut 31+ +159
||u.isiurs ++Z 5c
Tutol |iouilities 31Zc5 35/+1
Tutol Euit] 101+ 10ZZ
6ooseosus uut u Z orol]sts
Cu||ert Z01ZE Z013E
||icelEo|rirs 1/.59 15.1 9.++
0i.iJerJ YielJ c.0/ +./1 /.51
E|S,S 0. 0./ 1.1Z
0|S,S 0.c 0.5 0.c
Mkt 6ap MiI Iovesteot 8tyIe Last Frice 8hares Issued I68 Iodustry roup
S1Z,/09

10.Z 119./5 lrsu|orce
10.// 15.35 19.c Z9.Z0 35.+9 33.Z5 Z. Z5.9 19.0 1+./1 /rruol ||ice |i|
/.55 9.91 1+.Z1 1c.5+ Z5.55 19.50 15.01 1.09 11.c9 9.cc |uw
Z.1
1/.+
c./
0oil] Cluse
S8|l/SX /ll 0|Js
Sectu| /.e|oe
5Z w| |i|l|uw
1+./1l9.cc
10.+
c0.Z
T|oJir Vuluae ,Mil
1Z03 1Z0+ 1Z05 1Z0 1Z0/ 1Z0c 1Z09 1Z10 1Z11 1Z1Z FerIoraoce
35.3 50.+/ 3Z./c 5Z.1 19.+ 1c.3Z 5.33 Z+.10 ZZ./3 1+.00 Tutol Retu|r
19.1/ ZZ.90 11.c Z/.1/ 1./ ZZ.0/ 3+.Z+ Zc.Z9 10.5 - -l Mo||et
1Z03 1Z0+ 1Z05 1Z0 1Z0/ 1Z0c 1Z09 1Z10 1Z11 Cu||ert aIuatioo
13.c 1+.5c 1+.5c 1.15 15.3 1Z.5 13.Zc 15.+Z Z1.+5 15.Z1 ||icelEo|rirs
1+.3 1.Z 15.1 1.11 1c.c3 1Z.Zc 1Z.11 13.0 13./3 13.99 Mo||et |lE
Z.11 Z.55 Z.9c 3.9 3.++ Z.Z5 Z.5+ 1.c 1.+0 1.15 ||icelBuu|
.3+ /.1+ 11.1 1Z.91 1Z.c5 1Z.+/ 10.c5 1Z.+/ Z5.5+ c.Z3 ||icelCos| |luw
/119 11++1 1539Z Z3+Z3 Z935 Z53+0 Z11c 190Z1 1++00 1Z/09 Mo||et Cou SMil
3.9 3.5Z 3.Z 3.30 3. +.cc 5.00 /.05 ./Z .39 0i.iJerJ YielJ
1Z03 1Z0+ 1Z05 1Z0 1Z0/ 1Z0c 1Z09 1Z10 1Z11 FioaociaIs
03 /c1 /3c c15c 10Z10 110c/ 1Z1+9 111c0 151Z3 - let Eo|reJ ||eaiua SM
- - - - - - - - - - Cloias Eruerse SM
3/Z.00 59+.00 c0c.00 1Z00.00 1+3c.00 1Z/5.00 1ZZ.00 11+9.Z/ +c.+1 - urJe|w|itir ||uit SM
55 1Z c55 c95 113 13Z+ c/9 5+9 /c/ - lr.estaert lrcuae SM
5/Z cZ0 1091 1+c3 19Z5 1c59 19/0 1Z5c 93 - l|/T Beu|e /us SMil
5/Z cZ0 1091 1+c3 19Z5 1c59 19/0 1Z5c 93 - Reuu|teJ let ||uit SMil
//.50 105.30 13+.+0 1/c.50 Z1/.00 Z05.50 19Z.c0 11/.c 0.3 - Eo|rirs |e| S|o|e (
39 9 /5/ /95 c53 c90 1003 1033 10cc - S|o|es Mil
+.93 5.93 .5/ /./3 9.3 11.3/ 10.0Z 9.c 9.Z0 - Buu| Volue |e| S|o|e S
Z0c9 Z110 19c/ Z039 Z3/+ ZZ51 190c 13+0 Z10 - 0ue| Cos| |luw SMil
3+ 3c cZ 1 c0 /1 9 1Z/ 13c - Cou SuerJir SMil
1Z03 1Z0+ 1Z05 1Z0 1Z0/ 1Z0c 1Z09 1Z10 1Z11 FroIitabiIity
3.09 3.c 3.90 +.95 5.Z+ +.19 5.1c 3.+0 1.9Z - Retu|r ur /ssets
1/.Z/ 1c.55 Z1.15 Z3.0 ZZ./0 1. 19.Z/ 1Z.39 ./c - Retu|r ur Euit]
3.3+ 1.++ 59.c0 55./9 5+.39 5/.Z 0.3Z 59.91 .35 - let |uss Rotiu
30.50 Z9.c0 Z9.Z Z9.50 31.53 30.cc Z9.Z9 Z9.c1 30.++ - let Eruerse Rotiu
93.c+ 91.Z+ c9.0 c5.Z9 c5.9Z cc.50 c9.1 c9./Z 9./c - CuauireJ Rotiu
1Z03 1Z0+ 1Z05 1Z0 1Z0/ 1Z0c 1Z09 1Z10 1Z11 FioaociaI heaIth
53.9c +.30 9.c5 /.Z1 cZ.+Z 99.c/ c3.51 90.03 /.Zc - Sul.erc] Rotiu ,
3313 ++Z0 5159 Zc3 c+/9 11159 10ZZZ 101+ 10ZZ - Tutol Euit] SMil
key ates
|iscol Yeo| ErJ 31 0ec Z01Z |istir 0ote 30 Jur 19/3
/CM 0+ /u| Z01Z 0Rl| /cti.e
ivideod history
lrte|ia |irol
0i.iJerJ Er 0ote Z+ /u Z01Z 05 Mo| Z01Z
0i.iJerJ |o] 0ote Z+ Seu Z01Z 30 Mo| Z01Z
0|S ( +0.00 Z5.00
||or|ir 15 Z5
Iodustry peers by Market 6ap
M|t Cou SMil Re. SMil |lE R0E
Surcu|u C|uuu |iai... 1Z9+3.Z1 /+09 1c.05 5.13
lrsu|orce /ust|olio ... 9/09.09 /c+3 Z.Z+ c.1c
Major 8harehoIders lu. u s|o|es (Mil[
/ue|Jeer /sset Moroeaert /sio |iaiteJ 1++
Cuaaurweolt| Bor| u /ust|olio 9c
Iovesteot etaiI ||irt 0ote. Z01ZZ01Z |oe 1 u Z
Reu|eserts irorciol ]eo| tu Jote t|e Jo] ote| lost irorciol ]eo| tu o Jo] ueu|e uuulicotiur Jote.
Z01Z Mu|rirsto|, lrc. /ll |i|ts |ese|.eJ. T|e Joto orJ curtert curtoireJ |e|eir o|e rut uo|orteeJ tu ue occu|ote, cuaulete u| tiael]. leit|e| Mu|rirsto|, ru| its oiliotes ru| t|ei| curtert u|u.iJe|s will |o.e or] liouilit] u| use u|
Jist|iuutiur u or] u t|is iru|aotiur. Tu t|e ertert t|ot or] u t|e curtert ouu.e curstitutes oJ.ice, it is ere|ol oJ.ice t|ot |os ueer u|euo|eJ u] Mu|rirsto| /ust|olosio |t] |tJ /Bl. 95 090 5 5++, /|S|. Z+0c9Z ,o suusiJio|] u Mu|rirsto|,
lrc., wit|uut |ee|erce tu ]uu| uujecti.es, irorciol situotiur u| reeJs. Beu|e octir ur or] oJ.ice, ]uu s|uulJ cursiJe| t|e ouu|uu|ioteress u t|e oJ.ice orJ we |ecuaaerJ ]uu uutoir irorciol, leol orJ torotiur oJ.ice ueu|e ao|ir or]
irorciol ir.estaert Jecisiur. l ouulicoule ir.estu|s s|uulJ uutoir t|e |ele.ort u|uJuct Jisclusu|e stoteaert orJ cursiJe| it ueu|e ao|ir or] Jecisiur tu ir.est. Suae aote|iol is cuu]|i|t orJ uuulis|eJ urJe| licerce |ua /SX 0ue|otiurs |t]
|iaiteJ /Cl 00+ 5Z3 /cZ ,'/SX0'. 0lSC|0SuRE. Eaulu]ees ao] |o.e or irte|est ir t|e secu|ities JiscusseJ ir t|is |euu|t. |leose |ee| tu uu| |irorciol Se|.ices CuiJe ,|SC u| au|e iru|aotiur ot www.au|rirsto|.cua.oulsls.uJ.

Iovesteot etaiI iscIosure

6urreocy
/ll iu|es u| stuc|s listeJ ur /ust|olior Stuc| Erc|ore
o|e ir /ust|olior Jullo|s orJ oll iu|es u| stuc|s listeJ ur
lew ZeolorJ Stuc| Erc|ore o|e ir lew ZeolorJ Jullo|s.
usioess escriptioo
/ u|ie Jesc|iutiur u t|e cuauor]'s uue|otiurs orJ
octi.ities. T|is iru|aotiur is uuJoteJ e.e|] sir aurt|s u|
ur t|e |eleose u iauu|tort iru|aotiur ouuut t|e cuauor].
Market 6apitaIitatioo $ iI
T|e ao||et .olue u t|e cuauor]'s euit] couitol. T|is is
colculoteJ u] aultiul]ir t|e ruaue| u cuaaur s|o|es u]
t|e cu||ert u|ice. 0t|e| closses u euit] suc| os
u|ee|erce s|o|es o|e ru|aoll] rut ircluJeJ, erceut ir
ce|toir coses w|e|e t|e s|o|es o|e 'uosiu|Jiro|]'. T|e
aust u|uairert eroaule u t|is is lews Cu|uu|otiur
,lwS, w|e|e we Ju ircluJe t|ei| u|ee||eJ liaiteJ .utir
u|Jiro|] s|o|es ir uu| colculotiur u ao||et .olue.
8tyIe
T|e Mu|rirsto| St]le cursists u rire coteu|ies t|ot
u|u.iJe or u.e|.iew u t|e ir.estaert st|ote]. T|e st]le is
cuau|iseJ u o cuauirotiur u ao||et couitoli/otiur u t|e
secu|it] orJ t|e ir.estaert st]le ,.olue, ulerJ, u| |uwt|.
Last Frice
Stuc| u|ice s|uwr |eu|eserts t|e ao||et u|ice u t|e stuc|
os u t|e aust |ecert cluse u t|oJir os ot t|e |eleose Jote
ruteJ ot t|e tuu u t|e ir.estaert Jetoil uoe.
8hares Issued
Cu||ert ruaue| u u|Jiro|] s|o|es listeJ ur t|e
/ust|oliorllew ZeolorJ Stuc| Erc|ore.
8ector
BoseJ ur StorJo|J 8 |uu|'s Cluuol lrJust|] Clossiicotiur.
/ll cuauories listeJ ur t|e /ust|oliorllew ZeolorJ Stuc|
Erc|ore o|e |uuueJ irtu ure u Z+ irJust|] sectu|s. T|is
clossiicotiur is useJ tu cuauute sectu| o.e|oes orJ
irJust|] uee|s.
FerIoraoce
Tutol Retu|r |eu|eserts s|o|e|ulJe|s' oirs |ua o stuc|
u.e| o i.er ue|iuJ u tiae ,YT0, ure aurt|, t||ee aurt|,
ure, t||ee, orJ i.e ]eo|. Tutol |etu|r ircluJes uut|
couitol oirs orJ lusses orJ Ji.iJerJ uo]aerts. lt is
colculoteJ u] to|ir t|e c|ore ir t|e stuc|'s u|ice os u
t|e cluse u t|oJir u t|e |esuecti.e ue|iuJ, ossuair t|e
|eir.estaert u oll Ji.iJerJs, t|er Ji.iJir u] t|e iritiol
stuc| u|ice, orJ eru|essir t|e |esult os o ue|certoe.
Retu|rs u| ue|iuJs lure| t|or ure ]eo| o|e orruoli/eJ.
Retu|rs Ju rut ircluJe u|u|e|oe cuaaissiur u| t|e eects
u torotiur.
8trategy AoaIysis
Mu|rirsto| /rol]sts' .iew u t|e cuauor]'s st|ote]
uoseJ ur t|e lotest irorciol |euu|t.
FioaociaIs
Re.erue orJ Mo|ir lire iteas will JeuerJ ur t|e t]ue u
cuauor] selecteJ - i.e. lrJust|iol, Bor|, lrsu|orce,
||uue|t] u| |isteJ lr.estaert Cuauor]. let ||uit SMil
|eu|eserts ret uue|otir u|uit ote| tor, airu|ities,
u|ee|erce Ji.iJerJs, siriicort, orJ rur|ecu||ir iteas
,l|/T. Eo|rirs |e| S|o|e S is l|/T Ji.iJeJ u] t|e
wei|teJ o.e|oe ruaue| u u|Jiro|] s|o|es ur issue
Ju|ir t|e ]eo|. Buu| Volue |e| S|o|e S is o cuauor]'s
cuaaur stuc| euit] os it ouueo|s ur o uolorce s|eet
Ji.iJeJ u] t|e ruaue| u s|o|es uutstorJir. 0ue| Cos|
|luw SMil is ret cos| luw ote| uo]ir suuulie|s,
eaulu]ees, irte|est eruerse orJ tor uoiJ |ua |eceiuts
|ua custuae|s, Ji.iJerJs orJ irte|est |ecei.eJ. Cou
SuerJir S Mil is aure] suert tu ocui|e u| uu|oJe
u|]sicol ossets suc| os uuilJirs orJ aoc|ire|]. ||ee Cos|
|luw SMil is t|e oauurt u cos| t|ot o cuauor] |os let
u.e| ote| it |os uoiJ oll u its eruerses, ircluJir
ir.estaerts ,0ue| Cos| |luw airus Cou SuerJir orJ
Ji.iJerJs.
Avg oo. oI 8hares
T|e wei|teJ o.e|oe ruaue| u u|Jiro|] s|o|es Ju|ir t|e
irorciol ]eo|. T|is iu|e is useJ tu colculote uosic
eo|rirs ue| s|o|es ,E|S.
FroIitabiIity
Retu|r ur /ssets ,R0/ is t|e ue|certoe o cuauor]
eo|rs ur its ossets ir o i.er ]eo|. lt is aeosu|eJ u]
Ji.iJir l|/T ueu|e ouru|aols u] tutol ossets. Retu|r ur
Euit] ,R0E is t|e ue|certoe o cuauor] eo|rs ur its
tutol euit] ir o i.er ]eo|. T|e colculotiur is l|/T ueu|e
ouru|aols Ji.iJeJ u] s|o|e|ulJe| euit]. let Mo|ir is
/ aeosu|e u u|uitouilit] orJ is euol tu l|/T Ji.iJeJ u]
|e.erues |ua t|e soae ue|iuJ. /sset Tu|ru.e| |eu|eserts
|uw aor] Jullo|s ir |e.erue o cuauor] |os ere|oteJ ue|
eoc| Jullo| u ossets. lt is colculoteJ u] Ji.iJir tutol
|e.erues u| t|e ue|iuJ u] tutol ossets u| t|e soae ue|iuJ.
|irorciol le.e|oe is colculoteJ u] Ji.iJir tutol ossets u]
tutol s|o|e|ulJe|s' euit].
FioaociaI Fositioo
Curtoirs o suaao|] u t|e lotest uolorce s|eet.
FioaociaI heaIth
wu||ir Couitol SMil is cu||ert ossets airus cu||ert
liouilities. wu||ir couitol aeosu|es |uw auc| ir liuiJ
ossets o cuauor] |os o.oiloule tu uuilJ its uusiress.
|urTe|a 0eut SMil ircluJes luors orJ uuliotiurs wit| o
aotu|it] u lure| t|or ure ]eo|, usuoll] occuauorieJ u]
irte|est uo]aerts. Tutol Euit] SMil is uwre|s|iu irte|est
ir o cu|uu|otiur ir t|e u|a u cuaaur stuc| u| u|ee||eJ
stuc|. lt olsu |ee|s tu tutol ossets airus tutol liouilities, ir
w|ic| cose it is olsu |ee||eJ tu os s|o|e|ulJe|'s euit] u|
ret wu|t| u| uuu| .olue. 0eutleuit] |otiu is euol tu
s|u|tte|a orJ lurte|a Jeut airus cos| Ji.iJeJ u]
cuaaur s|o|e|ulJe|s' euit].
aIuatioo
||icelEo|rirs ,|E is t|e cu||ert u|ice Ji.iJeJ u] t|e
cuauor]'s t|oilir 1Zaurt| eo|rirs ue| s|o|e. ||icelBuu|
,|B is t|e aust |ecert stuc| u|ice Ji.iJeJ u] t|e aust
|ecert uuu| .olue ue| s|o|e. ||icelSoles ,|S is t|e cu||ert
u|ice Ji.iJeJ u] t|e cuauor]'s soles ue| s|o|e u.e| t|e
t|oilir 1Z aurt|s. ||icelCos| |luw ,|C is t|e aust |ecert
u|ice Ji.iJeJ u] t|e cos| luw ue| s|o|e u t|e lotest iscol
]eo|.
key ates
|iscol Yeo| ErJ is t|e Jote ir w|ic| t|e cuauor] cluses its
uuu|s u| t|e u|e.iuus 1Zaurt| ue|iuJ u.e| w|ic| o
cuauor] uuJets its suerJir. /CM is t|e orruol cuauor]
ot|e|ir, usuoll] |elJ ot t|e erJ u eoc| iscol ]eo|, ot
w|ic| t|e u|e.iuus ]eo| orJ t|e uutluu| u| t|e utu|e o|e
JiscusseJ orJ Ji|ectu|s o|e electeJ u] cuaaur
s|o|e|ulJe|s. |istir 0ote Jeires t|e Jote t|e cuauories
s|o|e u|ice wos i|st uuteJ ur t|e stuc| erc|ore. 0R| is
t|e Ji.iJerJ |eir.estaert ulor ue|eJ u] suae
cu|uu|otiurs eroulir s|o|e|ulJe|s tu outuaoticoll]
|eir.est cos| Ji.iJerJs orJ couitol oirs Jist|iuutiurs,
t|e|eu] occuaulotir au|e stuc| wit|uut uo]ir u|u|e|oe
cuaaissiurs.
Iodustry Feers by Market 6ap
T|is ircluJes |e] stots ur t||ee u t|e cuauor]'s uee|s
t|ot uue|ote ir t|e soae irJust|] orJ |o.e siailo| ao||et
couitoli/otiur.
6ooseosus
Cu||ert,lotest octuol ||icelEo|rirs, 0i.iJerJ YielJ, E|S
orJ 0|S o|e u|u.iJeJ u| |ee|erce. |u|ecosts o|e irJicoteJ
u] 'E' orJ o|e o.oiloule u| u|wo|J ]eo|s url]. But| octuol
orJ u|ecost E|S o|e u|eserteJ ur o u|euuJwill
oau|ti/otiur uosis.
ivideod history
0i.iJerJ Er0ote is t|e i|st Jo] u t|e erJi.iJerJ ue|iuJ.
l or ir.estu| Jues rut uwr t|e stuc| ueu|e t|e erJote, |e
u| s|e will ue ireliiule u| t|e Ji.iJerJ uo]uut. 0i.iJerJ
|o] 0ote is t|e Jote ur w|ic| t|e Ji.iJerJ will octuoll] ue
uoiJ tu s|o|e|ulJe|s. 0|S ( is Tutol Ji.iJerJ u| t|e ]eo|,
Ji.iJeJ u] t|e ruaue| u s|o|es |or|eJ u| Ji.iJerJ.
||or|ir s|uws t|e ue|certoe u t|e Ji.iJerJ w|ic|
curtoirs o Ji.iJerJ iauutotiur c|eJit.
Major 8harehoIders
T|e 3 lo|est s|o|e|ulJe|s ,irJi.iJuols u| cuauories orJ
t|e ruaue| u .utir s|o|es t|e] o|e ertitleJ tu.
Iovesteot etaiI ||irt 0ote. Z0 0ec Z01Z |oe Z u Z
Z01Z Mu|rirsto|, lrc. /ll |i|ts |ese|.eJ. T|e Joto orJ curtert curtoireJ |e|eir o|e rut uo|orteeJ tu ue occu|ote, cuaulete u| tiael]. leit|e| Mu|rirsto|, ru| its oiliotes ru| t|ei| curtert u|u.iJe|s will |o.e or] liouilit] u| use u|
Jist|iuutiur u or] u t|is iru|aotiur. Tu t|e ertert t|ot or] u t|e curtert ouu.e curstitutes oJ.ice, it is ere|ol oJ.ice t|ot |os ueer u|euo|eJ u] Mu|rirsto| /ust|olosio |t] |tJ /Bl. 95 090 5 5++, /|S|. Z+0c9Z ,o suusiJio|] u Mu|rirsto|,
lrc., wit|uut |ee|erce tu ]uu| uujecti.es, irorciol situotiur u| reeJs. Beu|e octir ur or] oJ.ice, ]uu s|uulJ cursiJe| t|e ouu|uu|ioteress u t|e oJ.ice orJ we |ecuaaerJ ]uu uutoir irorciol, leol orJ torotiur oJ.ice ueu|e ao|ir or]
irorciol ir.estaert Jecisiur. l ouulicoule ir.estu|s s|uulJ uutoir t|e |ele.ort u|uJuct Jisclusu|e stoteaert orJ cursiJe| it ueu|e ao|ir or] Jecisiur tu ir.est. Suae aote|iol is cuu]|i|t orJ uuulis|eJ urJe| licerce |ua /SX 0ue|otiurs |t]
|iaiteJ /Cl 00+ 5Z3 /cZ ,'/SX0'. 0lSC|0SuRE. Eaulu]ees ao] |o.e or irte|est ir t|e secu|ities JiscusseJ ir t|is |euu|t. |leose |ee| tu uu| |irorciol Se|.ices CuiJe ,|SC u| au|e iru|aotiur ot www.au|rirsto|.cua.oulsls.uJ.