SECTION TEAM RANKINGS (NONRESEARCH)

ADMINISTRATION
Brokerage-weighted rank % of votes AUM-weighted rank % of votes Unweighted rank % of votes
1 RMB Morgan Stanley 11.96% 1 10.83% 1 12.63%
2 UBS SA 9.85% 2 10.36% 2 8.86%
3 Avior Capital Markets 7.24% 9 5.34% 3 8.61%
3 Macquarie 7.24% 3 8.07% 4 7.55%
5 BofA Merrill Lynch 6.65% 5 7.60% 8 5.99%
6 Deutsche Securities 6.56% 4 7.69% 5 7.05%
7 Absa Capital 6.02% n/a 4.90% 6 6.32%
8 Renaissance Capital 5.19% 6 6.95% n/a 4.10%
9 HSBC Securities 4.75% 10 5.12% n/a 3.20%
10 Prescient Securities 4.60% n/a 4.65% n/a 2.87%
10 Investec Securities 4.60% n/a 2.45% 10 4.68%
n/a Standard Bank SBG Securities 4.45% 8 5.58% 6 6.32%
n/a Citigroup Global Markets 4.09% 7 5.62% n/a 2.79%
n/a JPMorgan 3.95% n/a 4.47% 9 5.33%
CORPORATE ACCESS
1 RMB Morgan Stanley 15.03% 1 14.70% 1 14.13%
2 BofA Merrill Lynch 13.61% 3 12.99% 4 10.26%
3 Deutsche Securities 12.57% 2 13.82% 2 11.33%
4 Avior Capital Markets 8.56% 6 7.19% 2 11.33%
5 UBS SA 8.12% 4 9.11% 5 10.19%
6 Macquarie 7.59% 5 7.87% 8 6.38%
7 Investec Securities 5.99% 10 4.04% 6 7.39%
8 Standard Bank SBG Securities 5.73% 7 6.94% 7 7.25%
9 JPMorgan 5.29% 8 6.37% 10 5.16%
10 Citigroup Global Markets 4.81% 9 5.77% n/a 3.16%
n/a Absa Capital 4.61% n/a 3.34% 9 5.60%
DEALING: DERIVATIVES
1 Peregrine Securities 15.45% 1 16.03% 1 16.92%
2 Absa Capital 14.42% 2 14.11% 4 11.19%
3 Prescient Securities 11.61% 3 12.07% 5 10.07%
4 BofA Merrill Lynch 7.15% 4 7.30% 8 3.61%
5 Avior Capital Markets 7.12% 5 6.81% 3 11.32%
6 Constellation Capital 6.36% 6 6.22% 2 12.19%
7 Credit Suisse 6.10% 7 6.16% 9 3.48%
8 Citigroup 4.95% 8 5.32% 9 3.48%
9 RMB Morgan Stanley 4.57% 10 4.42% 6 5.60%
10 Standard Bank SBG Securities 4.40% 9 4.67% 9 3.48%
n/a Rand Merchant Bank 3.58% n/a 3.47% 7 3.98%
DEALING: EQUITIES
1 RMB Morgan Stanley 14.15% 1 12.74% 1 13.43%
2 UBS SA 11.57% 2 11.58% 2 9.85%
3 Citigroup Capital Markets 9.46% 3 10.72% 8 6.33%
4 BofA Merrill Lynch 9.41% 4 10.65% 4 7.37%
5 Macquarie 7.71% 5 7.85% 6 6.54%
6 Avior Capital Markets 7.06% 7 6.31% 3 9.54%
7 Investec Securities 6.58% 8 5.81% 5 7.00%
8 Deutsche Securities 6.22% 6 6.57% 7 6.48%
9 Standard Bank SBG Securities 5.92% 9 5.73% 9 5.60%
10 Absa Capital 4.78% n/a 4.05% 10 4.93%
n/a JPMorgan 4.28% 10 4.87% n/a 4.62%
DEALING: FIXED INTEREST SECURITIES
1 Absa Capital 16.15% 1 15.35% 1 18.60%
2 Rand Merchant Bank 14.16% 2 14.65% 2 15.70%
3 Standard Bank SBG Securities 12.78% 3 13.58% 3 13.76%
4 Nedgroup Securities 12.38% 4 12.36% 4 12.40%
5 Citigroup Global Markets 11.25% 5 11.68% 5 8.43%
6 JPMorgan 9.85% 6 9.65% 6 7.27%
7 Deutsche Securities 4.39% 7 4.32% 7 3.39%
8 HSBC Securities 3.98% 8 3.95% 8 3.29%
9 Investec Securities 2.64% 9 2.58% 10 2.52%
10 Prescient Securities 2.34% 10 2.16% n/a 2.03%
n/a Avior Capital Markets 2.21% n/a 2.13% 8 3.29%
SALES TEAMS
1 RMB Morgan Stanley 17.95% 1 15.92% 1 16.85%
2 Investec Securities 12.62% 4 9.72% 2 10.33%
3 Deutsche Securities 11.55% 2 11.70% 4 9.35%
4 JPMorgan 9.19% 3 10.51% 7 7.67%
5 UBS SA 8.53% 6 8.30% 5 8.66%
6 Absa Capital 7.94% 7 7.46% 6 8.08%
7 Standard Bank SBG Securities 7.53% 5 8.61% 3 9.52%
8 Citigroup Global Markets 6.60% 8 6.95% n/a 4.79%
9 Macquarie 4.23% 10 3.84% 9 5.14%
10 BofA Merrill Lynch 4.21% 9 5.01% 9 5.14%
n/a Avior Capital Markets 3.23% n/a 3.41% 8 5.48%