All Brokerage Firms - Countries (Inc. Small & Mid Caps) (Based on Commissions Paid) - Italy: Equity Sales

Position PrevPos Firm Name Scale 1 to 5 Points %

Average Excellent

1 (1) Mediobanca

Angelo Vietri

Antonio Guglielmi

Carlo Pirri

Carlo Signani

Christopher Seidenfaden

Eugenio Vergnano

Leonardo D'Ambrosio

Lorenzo Angeloni

Massimiliano Murgino

Matteo Agrati

Max Pula

Nahid Iqbal

Pierandrea Perrone

Pierluigi Gastone

Robert Perez

Sara Trevenen

Stephane Langlois

Timothy Pedroni

11 12 14 42 100 4,036 20.00

2 (3) Equita SIM

Andrea Russo

Bruno Cartocci

Cristiano Rho

Davide Carelli

Edward Duval

Fabio Arcari

Fabio Deotto

Fabrizio Monaco

Francesco Perilli

Fulvio Comino

Giuseppe Mapelli

Luca Arena

Martino De Ambroggi

Matteo Carrano

Matthew Geran

Paolo Baldissara

Stefano Ottavi

Stefano Panico

Umberto Grimi

Vincenzo Abbagnano

3 4 12 48 74 2,901 14.38

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All Brokerage Firms - Countries (Inc. Small & Mid Caps) (Based on Commissions Paid) - Italy: Equity Sales

Position PrevPos Firm Name Scale 1 to 5 Points %

Average Excellent

3 (2) Intermonte SIM

Alessandro Valeri

Andrea Bottaro

Carlo Parisi

Carmen Fratto

Daniele Sabato

Daniele Vitaloni

Eduardo Pellegatta

Fabian Ali

Fabrizio Barini

Federica Cerutti

Gianluca Bolengo

Gianluca Parenti

Giuseppe Puglisi

Guido Pardini

Luca Coloso

Luca Vannini

Luigi Marchio

Luigi Montaruli

Marco Corsiglia

Marco Croce

Massimo Rossi

Matteo Micheli

Mauro Calabrese

Mauro Valeri

Paolo Bianco

Paolo Pascarelli

Renzo Cavatorta

7 7 7 40 74 2,538 12.58

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All Brokerage Firms - Countries (Inc. Small & Mid Caps) (Based on Commissions Paid) - Italy: Equity Sales

Position PrevPos Firm Name Scale 1 to 5 Points %

Average Excellent

4 (4) Banca IMI

Alessadro Bevacqua

Alessandra Minghetti

Alessandro Monti

Andrea Cisilotto

Andrea Martini

Barbara Leonardi

bernasconi claudio

caminiti alessandro

Carlo Castellari

Carlo Cavalieri

Catherine D'Aragon

Daniela Stucchi

dobner massimiliano

Emanuele Manini

Enrico Ferrari

Fabio Del Gobbo

Fabio Petrone

Fabrizio Speroni

Federica Repetto

Filippo Besozzi

Francesca Dizione

Francesca Guadagni

Francesco Riccardi

Greg Principe

Laura Spinella

Lorenzo Pennati

Luc Paillard

Luca Pellini

Marco Tinessa

Mark Wilson

masa paolo

restione umberto

Sergio Francolini

Stefan Gess

Umberto De Paoli

Umberto Menconi

6 9 18 28 43 2,062 10.22

5 (5) Kepler Cheuvreux

Adriano Buttaro

Alessandra Mazzolari

Giancarlo Castelli

Paolo Bellingeri

Paolo Sturlese

Roberto Mozzi

Ruggero Bottazzi

2 4 10 22 26 2,001 9.92

6 (6) Banca Akros (ESN)

Andrea Ramponi

Bruno Mestice

Claudio Zanoli

Gabriele Parenti

Giorgio Renzella

Laura Altamura

Luca Vezzoso

Mario Sterzi

Massimo Lomonte

Oscar Troullier

Rita Giudice

Simona Chinosi

3 4 12 36 48 1,452 7.19

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All Brokerage Firms - Countries (Inc. Small & Mid Caps) (Based on Commissions Paid) - Italy: Equity Sales

Position PrevPos Firm Name Scale 1 to 5 Points %

Average Excellent

7 (7) Exane BNP Paribas

Alain Giraud

Alexandre Coulier

Andrea Duguet

Andrea Personeni

Anthony Dubois

Assina Sana

Babis Spanos

Caroline Robinson

Cedric Worum

Damien Dorier

David Walker

Dina Geha

Elisabeth Lopes

Eric Flaim

Felix Khaychuk

Flavien Del Pino

Frederic Nectoux

Gautier Gay

Gavin Pomeroy

Giorgio Coari

Henri Saintoin

Henrik Forsberg

Jan Halaska

Joachim Kopp

Julien Cohen

Laurent Chaudeurge

Laurent Mathieu

Ludovic Perche

Malcolm Bushby

Matthieu Bordeaux-Groult

Michael Shrank

Nicola Panella Testa

Nicolas Gindre

Patrice Solaro

Patrick Hay

Phil Griffith

Philipp Stoecker

Robin Ashworth

Shaorou Chui

Torben Bumann

Will Devlin

William Fairley

Ygal El Harrar

2 1 1 7 17 1,015 5.03

8 (8) Fidentiis Equities SV S.A.

Franco Riva

Gianluca Codagnone

Giovanni Musarra

Luca Rubini

Romualdo Piatella

2 0 6 8 15 845 4.19

9 (9) MainFirst Bank

Andrea Dal Negro

Andrew Gross

Francesca Pesaresi

Franco Manzini

Hans-Peter Gruenig

1 2 1 7 13 721 3.57

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All Brokerage Firms - Countries (Inc. Small & Mid Caps) (Based on Commissions Paid) - Italy: Equity Sales

Position PrevPos Firm Name Scale 1 to 5 Points %

Average Excellent

10 (12) J.P.Morgan

Alfredo Caturano

Andrea Bergamaschi

Carlo Barracchia

Gregorio Esmelian

Pauline Perdriel

0 2 2 1 2 312 1.55

11 (11) Bank of America Merrill Lynch

Blake Hill

Carlo Moccia

Filippo Mainella

Filippo Scornaienghi

Jazil Ghias

Marco Nascimbeni

Marco Stauffacher

Nadine Akkawi

0 0 1 3 4 283 1.40

12 (23) Credit Suisse

Alessandro Mendicino

Patrick Flaherty

Steven Jorgensen

1 1 0 3 1 261 1.29

13 (13) UBS

Araceli Strassburger

Diana Lazzati

Gabriele Spinelli

Lucio Venanzi

Marc Heim

Pierfrancesco Labozzetta

Ricky Chard

1 1 5 2 3 255 1.26

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All Brokerage Firms - Countries (Inc. Small & Mid Caps) (Based on Commissions Paid) - Italy: Equity Sales

Position PrevPos Firm Name Scale 1 to 5 Points %

Average Excellent

14 (10) Deutsche Bank

Alison Cushen

Andrew Morgan

Ben Coates

Carl Hayes

Charles Beddow

Charles Zussy

Chen-en Tsaur

Christian Himmler

Claire Rushe

Daniel Bronni

David Johnson

David Pritchard

Davide De Maria

Dirk Schremmer

Dominik Barbehön

Emily McMurphy

Fabian Jacoma

Francois-Xavier Gorioux

Gianmaria Barbiero

Guillaume Mathais

Guy Dunning

James O'Connor

Jenifer Steinhardt

Jennifer Kloppenborg

Jeremy Black

Joanne Higgins

Jörg Döbler

Keith Macksoud

Kyrill Firshein

Marie Geekie

Mark Vaughan

Marshall Burroughs

Matt Hall

Matt James

Matteo Scalfi

Muneer Ismail

Nakata Tomihiro

Orlando Castaneda

Peter Smart

Richard Owen

Rick Saunders

Riz Alam

Rob Brain

Robert Stringer

Roberto Rosati

Romina Valenza

Rupert Paul

Sam Docherty

Sean Urie

Sebastian Hesketh

Sergio Pizzini

Sidi Kleefeld

Stefano Lolli

Susannah Wood

Swen Unger

Tessa Gretel Keers

Thomas Eissler

Tibor Banach

Tom Nguyen

Vincenzo Corsello

Warren Clinton

1 1 2 1 1 253 1.25

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All Brokerage Firms - Countries (Inc. Small & Mid Caps) (Based on Commissions Paid) - Italy: Equity Sales

Position PrevPos Firm Name Scale 1 to 5 Points %

Average Excellent

15 (20) Morgan Stanley

Andrea Brambilla

Luca Rossi

Mario Altieri

Stefano Galeandro

0 3 2 1 0 250 1.24

16 (33) Citi

John Lane Lowrey

Ludovic Zelli

Martyn Bergh

Maurizio Gurgone

Pietro Pagani

0 1 0 2 0 184 0.91

17 (16) Goldman Sachs

Galia Loya

Jean-Pascal Meyre

Lorenzo Mostarda

Michael Moizant

1 0 0 0 1 164 0.81

18 RBC Capital Markets

Daniele Calabrese

Mariaelena Zecchin

0 0 1 0 1 153 0.76

19 (17) Banca Mediolanum 0 0 0 3 0 124 0.62

19 (14) Société Générale

Andrea Bettinelli

Antonio Buccellato

Luca Carollo

1 0 1 1 3 124 0.62

21 (15) Bernstein

Paolo Milella

0 0 0 1 0 72 0.36

22 (29) Barclays

Gianni Pierini

Riccardo Quagliotti

1 0 0 1 0 50 0.25

23 (21) UBI Banca

Dan Beswick

Giusy Cremonesi

Milly Casucci

1 2 2 1 0 38 0.19

24 (24) Istituto Centrale delle Banche Popolari Italiane

Michele Manuli

Valerio Russo

1 0 0 0 0 14 0.07

24 Mizuho Securities 1 0 0 0 0 14 0.07

26 (19) Lexa Invest

Michael Lexa

0 0 0 1 1 13 0.06

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All Brokerage Firms - Countries (Inc. Small & Mid Caps) (Based on Commissions Paid) - Italy: Equity Sales

Position PrevPos Firm Name Scale 1 to 5 Points %

Average Excellent

27 (22) Jefferies International

Alessandro Delia-Russell

Andrew Kenny

Anna Igosheva

Chris Johnston

Christopher Siedentopf

Daniel Kirsche

Elise Pollet

Gemma Van der Poel

Henry Harries

Jamal Nizar

Jean Hanly

Jeremy Kilpatrick

Kelly Metcalf

Matthew Schibanoff

Meredydd Watts

Mike Davies

Moulay Laraqui

Peter Laux

Simon Stewart

Tom Egan

0 0 0 0 1 10 0.05

28 ABG Sundal Collier

Joakim Larsson

0 0 0 1 0 8 0.04

29 2X Ideas 0 0 0 0 1 5 0.03

29 BBVA 0 0 0 0 1 5 0.03

31 (28) AlphaValue

Dario Pacifico

0 0 0 1 0 4 0.02

31 Berenberg 0 0 0 1 0 4 0.02

33 (25) Banca Profilo

Antonio Ranieri

Cristina Lazzaroni

Fabio Mondaini

0 1 0 1 0 3 0.02

34 Alantra Equities (formerly N+1 Equities) 0 1 0 0 0 2 0.01

34 (31) UniCredit

Francesco Branda

0 1 0 0 0 2 0.01

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