J P Morgan NYSE JPM www jpmorgan com

J. P. Morgan (NYSE: JPM) www. jpmorgan. com 270 Park Avenue, New York, NY Company Overview Recent Deals & Transactions • Founded in 1823 • Leader in asset management, IB, private banking, treasury and July 1, 2010 – Closed acquisition of metals, oil and European energy business lines and Asian operations from RBS Sempra Commodities LLP for $1. 7 billion in cash January 4, 2010 – Closed. Cazenove will become a wholly owned part of JPMorgan and its UK investment banking operations will continue to operate as J. P. Morgan Cazenove. J. P. Morgan will combine J. P. Morgan Cazenove's Cash Equities and Research operations with its existing franchise in Europe, the Middle East and Africa securities services, and commercial banking. Key Statistics Employees 222, 316 Market Cap 148, 69 B P/E Ratio (8/14) 11. 11 x Dividend Yield 0. 5% JPMorgan (JPM) • Serves one of the largest client franchises in the world, including corporations, institutional investors, hedge funds, governments, healthcare organizations, educational institutions and affluent individuals • Specialties: #1 Debt, Equity and Equity-related, #1 Equity and Equityrelated, #1 Common Stock, #1 Loan Syndications, #1 High Yield Debt , #1 Investment Grade Debt, #2 Convertibles, #2 Long-term Debt , #4 M&A Announced • Geographic Scope: Global, >100 countries • Private Bank • Offers wealth mgmt services to high-net-worth individuals & families • Provides investment advice and planning, asset allocation, discretionary and non-discretionary portfolio management, and specialized advisory services. It also provides credit to private clients against a range of assets such as art, real estate, aircraft, restricted stock, concentrated stock positions, and stock options. Structure Key Names James Dimon CEO Douglas L. Braunstein CFO Mary Erdoes CEO, Private Bank Jeff Hack COO, Private Bank Brian Crawford Head, Private Client Advisory Betsy Brown VP & Private Banker • Product Groups [If applicable] • Coverage Groups: • Consumer & Retail • Diversified Industries • Financial Institutions & Governments • Financial Sponsors • Healthcare • Natural Resources • Real Estate & Lodging • Technology, Media & Telecom Recent News August 10, 2010 – Purchased $3. 5 B of performing residential and commercial real estate loans from Citi in an effort to grow strong relationships in stable markets. July 15, 2010 – Strong results from Q 2, EPS of $1. 09 a share on revenue of 25. 6 B compared to $0. 35 for Q 1. Solid performance across most lines as well as reduced credit costs, decrease net charge-offs and delinquencies crucial. March 12, 2010 - Pablo Garnica, the EMEA head for private banking, for JPMorgan Private Bank told Reuters that the bank is planning to expand outside of United States. As a result it had embarked on a hiring spree and was looking to make an acquisition within the EMEA region in addition to organic growth. Questions 1. How does the company’s commercial/retails segment relationships serve the IB division? Similarities b/t Bof. A Merrill Lynch? 2. What is the company doing to combat aggressive pricing/ any feedback from customers on this? 3. Any idea of book penetration and cross-sell statistics? 4. Are customers preferences/worries changing as the economic recovery continues although at a slowing pace? 5. Thoughts on upcoming GM IPO? 6. What is your take on financials outperforming the markets recently and outlook for the next year? 7. Expected stop to rising tier 1 capital ratios? And banks depending on lending revenues rather than reserve revenue? 8. What was the strategy behind recent buybacks? 9. (Private Bank) What is the Private Bank’s strategy with lowered interest rates? How would you take advantage of this situation with a client? 10. (Private Bank) In a recent profile, J. P. Morgan showed that it was growing more comfortable with the growth in emerging markets and have continued to have a portfolio model with more foreign exposure. What areas are you most keen on investing in? 11. (Private Bank) How has the recent Euro Debt Crisis affected your portfolio, and what is the outlook towards the future? 12. (Private Bank) With an uncertain outlook towards the home building and real estate market, how has this affected your refinancing mortgage investments? Other Information • William Sinclair, Associate • WFU ’ 07, BA (Kappa Alpha alumnus) • Originally from Greenwich, CT • Previously a summer analyst at Viacom • Bill Padula, Executive Director, Prime • WFU ‘ 01 • Cory Winig, VP, Diversified • WFU ‘ 98

Sandler O’Neill + Partners (Private) www. Sandler. Oneill. com 919 3 rd Avenue, New York, 10167 New York, NY Company Overview Recent Deals & Transactions • Founded in 1988. • Full-service investment banking firm and broker-dealer focused • Nuveen Investment acquired by investor; 6. 3 B (Sellside on the financial services sector. Key Statistics Employees Market Cap P/E Ratio Dividend Yield 325 N/A Key Names Bill Hickey Co-Head IB Jimmy Dunne Senior Managing Principle John Doyle Managing Principle Tom Thursten Principal, Equities Trading John Beckelman Principal, Fixed Income Sales Mark Fitzgibbon Principle and Director of Equity Research • 60 -70% of revenue comes from banks & thrifts. • On September 11, 2001 lost 66 of 171 partners and employees Advisor) 07’ • Compass merged with BBVA; 9. 5 B(Sellside Advisor) 07’ • PNC acquired National City; 4. 6 B(Buyside Advisor) 08’ • Matlin Patterson invested in Flagstar; (Buyside Advisor) 09’ in the terrorist attacks that destroyed the World Trade Center. Questions Structure 1. I saw that you all were involved in a transaction advising • Exclusively Financial Institutions • Provides all services: Investment Banking, Capital Markets, Matlin. Patterson investing funds a bank. What are the restrictions, if any, of private equity firms buying banks/thrifts? Is this becoming more common in general? In FDIC deals? 2. With all the capital raising going on in the banks and thrift space, when do you expect to see M&A activity pick up among health institutions? 3. There will undoubtedly be a consolidation among financial institutions. How drastic will this activity be, and how long do you expect it to occur? 4. After the capital raising process, what do your clients typically need next? Do they start deploying that capital to retool their balance sheet. How aggressive, in this market , are healthy institutions with capital looking to acquire? Balance Sheet Management, Mortgage Finance, Equity Sales & Trading, Research (next page) Recent News June 15, 2010: Created Structured Finance Group by hiring Carlos Mendez and a team. July 13, 2010: Appointed by Capitol Federal Financial as sole book-running manager and Keefe, Bruyette, & Woods, Inc. as co-manager for the syndicated offering, which is being conducted on a best efforts basis. June 10, 2010: Firm is looking at divesting a minority stake in the company, James Dunne said. He indicated that no transaction was imminent and that, ultimately, a deal might not be concluded. He stated that there are more chances of a deal being finalized now than it had been a few years ago. He stated: "Our opportunity now is greater than it was when we started the firm in 1988 and certainly our prospects are better today than they were after September 11. " James Dunne did not rule out the possibility of an outright merger or an initial public offering (IPO) of stock. However, he said he had no desire to run a publicly traded company. He added that he was looking at a number of options included divesting a minority stake. He revealed that he had been fielding a growing number of calls from potential investors. Other Information • Bill Hickey, Co-Head Investment Baking • Wake ’ 87 • Started at Sandler as an analyst • Board Member for Schools of Business • Consistently rated #1 advisor for Community Banks & Thrifts • Greg Place, Managing Director Equity Trading • Wake Parent 12’ • Previously at Morgan Stanley

Moelis & Company (Private) New York, NY www. moelis. com 99 Park Avenue, 5 th Floor, New York, NY 10022 Company Overview • Founded in July 2007 • Investment bank that provides financial advisory services and Key Statistics Employees Market Cap P/E Ratio Dividend Yield 370 N/A Key Names Kenneth D. Moelis CEO Joseph W. Simon CFO Elizabeth Crain COO Kur B. Larsen Managing Partner of Private Equity Recent Deals & Transactions July 27, 2010 – Extravision Communications Corporation ($400 MM), Co-manager on senior secured notes offering July 13, 2010 – Air Lease Corporation ($1. 3 B), financial advisor on common stock 144 A equity offering May 17, 2010 – Estee lauder Companies, Inc. (undisclosed), exclusive financial advisor on acquisition of Smashbox Beauty Cosmetics, Inc. capital raising solutions to clients in connection with M&A, restructurings, and other strategic matters • Also manages investment funds that integrate capital with its advisory expertise • Specialties: none listed • Geographic Scope: North America, Europe, and Australia Structure • Advisory • Buy-side and Sell-side M&A • Executive Sales • Restructuring • Capital Raising • Risk Advisory • Merchant Banking • Portfolio companies include: • Mid. Cap Financial LLC • Recover. Care LLC • Wyle Laboratories Recent News July 2010 – Euromoney 2010 Awards for Excellence named Moelis the “Best Global Investment Bank” May 25, 2010 – NY Times names Moelis as “a bank outgrowing boutique status” January 22, 2010 – Ken Moelis, CEO and Founder, is named “Banker of the Year” by Investment Dealer’s Digest Other Information • Ashley Larson, Summer Associate • WFU ’ 03 • Columbia Business School, MBA Candidate 2011 • Red Ventures, Corporate Development Associate • Wachovia Securities, Analyst • Mc. Coll Garella Securities, Analyst Questions 1. How do you see the recent financial regulation bill affecting your operations? 2. Do you think that we will see the 2008 -2009 financial turmoil affect equity markets in the next year? 3. What are the expansion plans, if any, for Moelis & Co? 4. What are current industry focuses? Will these change with the new regulations? 5. Any plans to become a full-service institution (Sales and Trading and Equity research to accompany M&A Advisory)? 6. How do you see the M&A markets playing out through 2010? 7. Any acquisitions on the horizon for Moelis? 8. 2009 was a great year for financial sponsors with the loosening of credit through lower interest rates. How will the sovereign debt crisis affect that? 9. M&A in Q 2 and Q 3 seems to have slowed due to recent volatility in the market place and with scares such as the “flash crash” in May of 2010. What is your company’s strategy as you work with clients to guide them through these sorts of issues? 10. Mr. Moelis has made it very clear that his success in banking comes from his relationship as the trusted advisor of a company. Do you feel that there is a different environment working here as a result of the focus on maintaining these relationships? 11. The recent GEO Group’s merger with the Cornell Company for $730 mm was a very interesting deal to watch. Do you feel that there will be more M&A activity within contracted government services on the horizon as a result of the economic climate after 2008?

The Blackstone Group (NYSE: BX) New York, NY www. blackstone. com 29 th Floor, 345 Park Avenue, New York, NY 10154 Company Overview • Founded in 1985 • An alternative asset management and financial services company that Key Statistics Employees 1, 340 Market Cap 3. 86 B Fwd P/E Ratio 7. 43 Fwd Dividend Yield 3. 6% Blackstone (BX) Recent Deals & Transactions Buying Utilities/Power Plant company Dynegy Inc for $542. 7 million, while taking on its $4 billion debt (8/13/10) Wrapping up $850 million in real estate purchasing, including buying one of the largest shopping malls in Hawaii, taking 80% interest in 17 million square feet of U. S. warehouse space, and a 5% stake in mall owner General Growth Properties Inc Large ’ 08 assignment – AIG restructuring Oct 2009 - Anheuser-Busch In. Bev - sale of its theme parks division to Blackstone for $2. 7 B specializes in private equity, real estate, and marketable alternative investment strategies, as well as mergers and acquisitions (M&A), restructuring, and fund placement advisory services • Blackstone's private equity business has been one of the largest investors in leveraged buyout transactions over the last decade while its real estate business has been an active acquirer of commercial real estate • Blackstone is headquartered at 345 Park Avenue in Manhattan, with more than a dozen additional offices in the United States, Europe and Asia Structure Key Names Stephen A. Schwarzman Chairman, CEO, and Co-founder Hamilton E. James President and COO J. Tomilson Hill Vice Chairman, President and CEO of Blackstone Marketable Alternative Asset Management Timothy Coleman Senior Managing Director and Head of R&R Restructuring and Reorganization Advisory • The best of the best in terms of restructuring and reorganization groups • Clients include Delta Air Lines, Enron, Global Crossing, W. R. Grace, Mirant, and Winn-Dixie Stores in their Chapter 11 reorganizations. In addition to restructuring advice, the group has provided general advice to General Motors, Goodyear, the Government of Ukraine, Northern Rock plc and Xerox Recent News July 23 rd, 2010: Blackstone reported second-quarter numbers that beat analysts' expectations amid a recovery in its real-estate funds and stabilization in its buyout business. The New York-based firm, which manages $101 billion in assets and owns companies including Hilton Worldwide and Michaels Stores, reported a profit of $205 million excluding costs tied to the firm's 2007 initial public offering, a 12% increase from the same period a year earlier. Questions 1. Erik, you have experience in both M&A and Restructuring and Reorganization, can you take us through your experiences in both groups and how you were able to use what you learned in M&A at JP Morgan? 2. Erik, what has changed since BX has gone public? (Culture? Team? Focus? ) 3. Elaborate on own path to BX? (school, internship, entry level) [either Erik or Matt] 4. How does Obama bill re: proprietary trading / HFs / PE funds impact BX? (see next slide for remaining questions) 5. What are some of the basic restructuring techniques BX often finds itself applying? Successful past projects? Current? 6. What sorts of interaction have you had with senior managers (Matt)? What have you learned from such experiences? 7. How did BX find the best method to tackle a restructuring project like AIG? Start from scratch? Treat like any other assignment? 8. Where do you see BX expanding in the next few years? Decades? 9. What’s a typical day’s work? (Specific daily project duties) 10. What do you enjoy most/least about working at BX? 11. What sets BX apart from its competitors? Other Information • Matt Ruggiero, Associate (since March ‘ 09) • WFU ‘ 06 • Merrill Lynch, Analyst, July ’ 06 – March ‘ 09 • Erik Lisher, Managing Director, Restructuring and Reorganization • Wake ‘ 96 magna cum laude grad, MBA from UChicago in ’ 03 • JPMorgan, Associate/Analystnow • Mike Genereux, Senior Managing Director • BA from WFU, MBA from Columbia University • Credit Suisse First Boston, Director, Media & Telecom • Financial Advisor to AT&T during its restructuring in 2000 • Merrill Lynch & Co. , VP, Industrial & Consumer • Clients include: GM, Owens Corning, and Pepsi. Co

Houlihan Lokey Howard & Zukin (Private) www. hlhz. com 245 Park Avenue, New York, 10167 Los Angeles, California Company Overview Recent Deals & Transactions • Founded in 1972. • Boutique investment bank that advises middle-market and large public • Craft Foods acquisition of Cadbury (Fairness Opinion) • CIT Group Creditor Advisor (Confirmed a “prepackaged” Chapter 11 and private companies. Key Statistics Employees 800+ Orix Market Cap 8. 18 B Orix P/E Ratio 17. 32 Orix Div Yield N/A Orix (IX) • Specialties: M&A, Financing and Private Placement, Fairness and Valuation Opinions, Dispute Analysis and Litigation Support, and Financial Restructuring Advisory Services. • Geographic Scope: Offices in US (8), Asia (3), and Europe (3) • Awards & Recognition: • Ranked #1 M&A global fairness opinion advisor for the past 10 years (Thomson Reuters) • 2009: Ranked #1 global IB restructuring advisor (Thomson Reuters) • 2009: Ranked #1 M&A advisor for US transactions under $3 B (Thomson Reuters) Structure • Corporate Finance • M&A, Capital Markets, Secondary Advisory • Financial Advisory Services • Opinion Services, Transaction & Valuation Reporting Services, Portfolio Valuation & Advisory Services, Financial Consulting Key Names Scott Beiser Co-CEO Jeff Werbalowsky Co-CEO Eileen Kamerick CFO Kit Lokey Chairman Emeritus, Former Chairman, CEO & President Jim Zukin Co-Founder, Senior MD Robert Hotz Co-Chairman Irwin Gold Co-Chairman • Financial Restructuring • Distressed M&A, Special Situations • Industries • Aerospace, Defense & Government Services, Industrials, Business Services, Consumer Products, Retail & Food, Energy, Infrastructure, Services & Materials (Engineering, Construction, Building Products), FIG, Healthcare, Media, Sports & Entertainment, Real Estate, Lodging & Leisure, Technology Telecommunications, and Transportation & Logistics Recent News August 9, 2010: Acquired Red Pine Advisors LLC, a New York-based financial advisory firm that specializes in the valuation and pricing of illiquid structured product portfolios July 7, 2010: Announced expansion into India and Singapore through a strategic minority investment in the Avista Advisory Group, one of the region’s fastest-growing investment banks April 15, 2010: Chosen by Mergers & Acquisitions magazine as the Investment Bank of the Year 2006: Sold 70% of the company to Orix Corp (IX) to address the growing international demand for middle-market investment banking services Plan of Reorganization) • Deloitte acquired Bearing Point assets (Buyside Advisor) • GM acquired by the US Treasury (Ad Hoc Bondholder Committee Advisor) • Euronext merged with NYSE Group (Fairness Opinion) • Siemens (Sellside Advisor for Hydrocarbon Services as the group was acquired by Fomento de Constucciones y Contratas) Questions 1. With the recent expansion into areas such as India and Singapore, do you see Houlihan expanding into other international areas in the near future? How will this expansion shape the company going forward? 2. How will your acquisition of Red Pine Advisors LLC affect the company’s operations? 3. How will the financial reform legislation affect HL, but more specifically its Financial Institutions Group? 4. Who are HL’s direct competitors since you specialize in advisory services and operate on an international scale? 5. Have you seen the M&A market pick up in the last few quarters? 6. What are some of the things that separate HL from the other investment banks such as Evercore Partners and Morgan Stanley and make it unique for clients? 7. What is HL’s state of mind going into the future? Are you optimistic for the near future or fearing a double-dip recession? 8. What changes are happening, or can you predict happening, at the company or in the industry? 9. (Brent) You were started at HL directly out of Wake Forest. How did you approach the recruitment process, and what sort of advice would you share with us? 10. How would you describe the culture at HL? Other Information • Brent Ferrin, Associate (Financial Institutions Group) • WFU ’ 05 (Sigma Chi alumnus) • Houlihan Lokey employee since graduating • Married to Nicole Ferrin, another Wake Alum

Matlin. Patterson Global Advisors, LLC (Private) www. matlinpatterson. com 520 Madison Avenue, New York, NY 10022 New York, NY Company Overview • Founded in 2002 • Owns three funds – Fund I ($2. 2 billion) Key Statistics Three funds ($9. 9 B total) 1. $2. 2 billion 2. $1. 7 billion 3. $5. 0 billion Key Names Questions 1. How will the need to register with the SEC under the Investment • • Fund II ($1. 7 billion) Fund III ($5. 0 billion) Owns hedge fund - Matlin. Patterson Distressed Opportunities Fund (noncontrol investments) Private equity firm that specializes in making controlled investments in troubled companies Specializes in distressed private equity Offices located in North America, United Kingdom, India, Hong Kong, and Brazil Frank Plimpton Partner Michael Watzky Partner Lap Wai Chan Partner companies with additional debt or taking on equity investments? 3. How much do you expect to recoup from the bankruptcy of Arrow Air, Inc. ? 4. How do you decide the timing of setting up a new fund for further investments? 5. What sector would you avoid providing distressed investments? Why? 6. At what point do you decide, if ever, to sell your majority holdings in a company after it has recovered? 7. How viable are distressed investments based on the economic David J. Matlin CEO Mark R. Patterson Co-Founder, Chairman Advisers Act affect your business? 2. As a private equity firm, how do you decide between providing outlook for 2010? 8. What was the final valuation for Nortel Networks Corp. ? Did you Products • Growth capital through both debt and equity instruments Recent News August 11, 2010 – Blackstone Group in Talks to Buy Matlin. Patterson’s Polymer Group, Inc. (POLGA. OB) July 1, 2010 - Cargo carrier Arrow Air (affiliate of Matlin. Patterson) bankrupt, to liquidate November 29, 2009 - Matlin. Patterson objects to Nortel sale to Ciena July 21, 2009 - Matlin. Patterson bids $725 mm for Nortel assets Recent Deals & Transactions May 19, 2010 – Goss International Corp. Dec. 22, 2009 -- Latham International, LP May 28, 2009 – Foamex International, Inc. Dec. 17, 2008 – Flagstar Bancorp believe Ericsson AB overpaid for the wireless equipment of Nortel Networks Corp. ? 9. What sectors do you believe will be profitable for further distressed investments? 10. Aside from providing capital, how does your firm help companies improve? What do they do operationally to move companies out of bankruptcy? Other Information • David Groban, Associate • WFU ’ 03 (BS Finance) • Previous: • Key. Banc Capital Markets – Analyst, M&A • Jefferies & Co. and Moelis & Co, – Associate, Recapitalization & Restructuring Group • Understanding Distressed Equity • http: //www. magnum. com/hedgefunds/distressedsecurities. asp • Private Equity Outlook (2010) • https: //www. nb. com/europe/pdf/2010_private_equity_outlo ok. pdf

Deutsche Bank (NYSE: DB) www. db. com 60 Wall Street, New York, NY 10005 Frankfurt, Germany Recent Deals & Transactions Company Overview • Founded in 1870 • Deutsche Bank Aktiengesellschaft (Deutsche Bank AG) – Provides a range of banking and financial services. Key Statistics (8/11) Employees (ww) Market Cap P/E Ratio Dividend Yield 80, 000 42. 621 B 6. 98 1. 35 Deutsche Bank (DB) • Three divisions: 1. Corporate and Investment Bank: Serves all of the Group's corporate and institutional clients, from small enterprises to multinational corporations. 2. Private Clients and Assets Management: Offers all of the Group's activities for private clients and active and passive asset management activities for private and institutional clients. 3. Corporate Investments: Manages principal investments in private equity and venture capital, real estate holding companies and industrial investments. • Geographic Scope: Operates in 72 countries worldwide Structure Key Names • • • Product Groups M&A Advisory Equity Capital Markets Leveraged Debt Capital Markets Commercial Real Estate Asset Finance & Leasing Dr. Josef Ackermann CEO Stefan Krause CFO Anshu Jain Head of the Investment Bank Michael Cohrs Head of Global Banking Dr. Hugo Banziger Chief Risk Officer Hermann-Josef Lamberti COO Recent News • • • Coverage Groups Consumer Financial Institutions Financial Sponsors Healthcare Industrials Media & Telecom Natural Resources Real Estate Gaming Leisure & Lodging Technology 8/13/10 - Appointed as depositary bank for the sponsored level I American Depositary Receipt Program of Magnesita Refratários S. A. 8/11/10 – Acquired 49. 9% stake in Craigs Investment Partner 8/04/10 – Appointed as fiscal agent for $3. 5 B Eurobond issue in Qatar 8/01/10 – DB spins off quant strategies unit via a management buyout 7/27/10 – Reports 2 Q 10 net income of EUR 1. 2 billion, a 6. 2% increase over 2 Q 09 (beats expectations); CIB revenues drop to EUR 4. 7 billion from EUR 5. 3 billion 3/1/10 – Kraft Foods acquired by Nestle SA for $3. 7 B cash; sell side advisor 5/6/10 – Phillips-Van Heusen Corp acquired Tommy Hilfiger Corp in a transaction valued at $3. 159 B. 5/27/10 – Vale SA acquired the entire share capital of Bunge Participacoes e Investimentos SA for $3. 8 B in cash. 7/1/10 – US Questar Corp. completed the spinoff of its Questar Market Resources to its shareholders, in a transaction valued at $6. 06 B. 7/2/10 – Accor SA completed the spin off of its Accor Services France SA to its shareholders in a transaction valued at $4. 2 B 7/2910 – Sheffield Acquisition Corp acquired the entire share capital of Sybase Inc for a total value of $5. 959 B. Questions 1. Do foresee any near term improvement in the equity markets? 2. Do you think there will a rebound or will equity markets remain flat for an extended time period? 3. What kind of deals have you seen come through FIG this year and how would you compare it to years past? 4. Can you compare and contrast your job in the financial institutions group compared to the other coverage groups? 5. How does DB CIB obtain U. S. clients without having a large commercial/retail banking presence in the U. S. ? 6. Have certain sectors or regions shown to be more resilient than what the global economy has been experiencing? 7. Do you believe there are possible repercussions for the recent growth in junk bond issuance? 8. Has DB altered its lending practices? Has there been an affect on client relations? Other Information • Dave Hanson, Associate, Financial Institutions Group • Only investment bank physically located on Wall Street • Voted best FX house in every major region

Thomson Reuters (TSX & NYSE: TRI) thomsonreuters. com 3 Times Square, New York, NY 10036 New York, NY Company Overview Key Statistics Employees Market Cap P/E Ratio (8/16) Dividend Yield 55, 000 30, 806 39. 93 3. 3% Recent Deals & Transactions • Reuters PLC and Thomson Corporation merged in 2008 • Reuters PLC founded in 1851 • Thomson Corporation founded in 1961 • Provides intelligent information for businesses and professionals in the June 3, 2010 - Agreed to acquire Complinet Ltd. from SPARK Ventures plc (AIM: SPK), Canter Equity Partners and other investors. The financial terms of the transaction were not disclosed. Complinet Ltd. publishes information and provides software solutions to the international financial services industry. March 17, 2010 – Finalized a deal to acquire Round Table Group Inc. Round Table Group, Inc. provides expert witness search and referral services for attorneys involved in cases and litigation. February 09, 2010 - Acquired the assets and business of Aegis Software, Inc. The financial terms of the transaction were not disclosed. Aegis provides electronic trading and testing solutions. 2010 - Launches Reuters Insider, multimedia platform that delivers programming from Reuters, along with content from 150+ trusted global partners 2008 – Thomson Corporation and Reuters Group PLC combine financial, legal, tax and accounting, healthcare, science, and media markets worldwide. • Operates in two divisions 1) Markets and 2) Professional • “The world’s leading source of intelligent information for businesses and professionals” Structure Thomson Reuters (TRI) • Markets Division • Sales and trading • Enterprise • Investment/Advisory • Media • Professional Division • Legal • Tax/Accounting • Healthcare/Science Key Names Recent News Thomas Glocer CEO August 13, 2010 - Thomson Reuters and the National Association of Criminal Defense Lawyers (NACDL) announced a co-publishing agreement today to develop and market legal materials designed for criminal defense lawyers. August 9, 2010 - Thomson Reuters has earned the Communication Seal from DALBAR, Inc. for its Personal Health Insights, an easy-to-readand-understand health statement for individuals. July 27, 2010 – Thomson Reuters to provide market data to BATS Europe Robert Daleo CFO David Thomson Chairman of the Board James Smith CEO, Professional Division Devin Wenig CEO, Markets Division James Powell CTO Other Information • David Loewenthal, Capital Mkts Intelligence Analyst, Healthcare • WFU ‘ 04 • Played tennis at Wake Forest Questions 1. How did the combination of Thomson Corporation and Reuters Group PLC affect the efficiency you were able to offer clients? 2. In what ways does the financial reform legislation affect the information your clients require? 3. Thomson’s expertise in Financial Technology has offerings throughout the back office to the sales and trading desk. With the new financial reform, will Thomson be offering any products with compliance? 4. What has been the response to the Peripheral Eurozone Countries Index, recently launched in July, 2010? It seems like a very interesting concept in response to the euro sovereign debt crisis. 5. Can you talk more about the Datastream product offering? 6. What will be the impact of financial regulation on the futures and options market analysis? 7. Are there any product offerings on the horizon that Financial Services Institutions are excited to see? 8. Thomson has participated in a great deal of M&A over the past year, especially within litigation products. Can you talk more about that strategy? 9. Can you give any input as to the recent stock buybacks in May 04, 2010, which could be potentially up to 15, 000 shares (less than 2% of its current 831, 123, 337 outstanding)? 10. I noticed that 2 Q profits were down 8. 6% due to lower revenue. Yet the company is expecting total revenue to grow during the third and fourth quarters, can you explain some of the rationale behind that?

Nasdaq OMX Group, Inc. (Nasdaq. GS: NDAQ) New York, NY www. nasdaqomx. com One Liberty Plaza 165 Broadway. New York, 1006 Company Overview • Founded in 1971 • Provides trading, exchange technology, securities listing, and Key Statistics (8/14) Employees Market Cap P/E Ratio Dividend Yield 2, 181 4, 042 16. 43 N/A NASDAQ (NDAQ) Recent Deals & Transactions March 03, 2010 – Acquired North American Energy Credit and Clearing Corp. The financial terms were not disclosed. North American Energy Credit and Clearing Corp. develops and delivers credit risk and clearing services to the North American energy markets. December 19, 2008 - Acquired an additional 81% stake in International Derivatives Clearing Group for $84. 5 million, taking full ownership in the company. public company services worldwide. The NASDAQ OMX Group supports the operations of approximately 70 exchanges, clearing organizations, and central securities depositories. • Offers trading across various asset classes, including equities, derivatives, debt, commodities, structured products, and exchange traded funds; capital formation solutions; financial services and exchanges technology; market data products; and financial indexes. Structure • • • Listing: Companies, Warrants, ETFs, etc. Trading: Cash Equities, Derivatives, Fixed Income Clearing: Derivatives, OTC Information Services: Market Analysis, Market Data Global Technology: Business Process Outsourcing, IT Operations, Advisory Services Recent News Key Names Robert Greifeld CEO Adena Friedman CFO Charlotte Crosswell President of Pan European Market Henrik Husman VP of Products Mary Schapiro President of Regulatory Oversight & Policy August 2, 2010 - Announced introduction of the Directors Desk (SM) Enterprise Management System, a proprietary solution within Directors Desk to simplify the management of multiple subsidiary or related-entity boards with a one click solution. July 27, 2010 – Agreed to acquire Smarts Group Holdings Pty Ltd. which develops real-time surveillance, market supervision and market compliance monitoring system. July 27, 2010 – Announced 2 Q Earnings. Reported that recordtying performance in the quarter was driven by the strong fundamentals of its core business. March 2, 2010 – Announced share repurchase program of up to $300 million of common stock at prevailing market prices. Other Information • Myles Clouston, Director • Johnson & Johnson Development Corp. - Equity Research • Thomson Financial Corporate Services – Senior Director of Corporate Advisory • The Carson Group - Associate Questions 1. How did your acquisition of Smarts Group affect your company? 2. What is your company currently working on in response to new compliance legislation? 3. How will derivatives regulations changes OMX’s strategy? 4. Nasdaq has voiced support to the SEC’s proposal to ban flash trading, while other exchanges have not. Why is that? 5. How will the proposed circuit breakers by SEC affect the marketplace after the flash crash in May? 6. Your interest rate swap clearing business form the acquisition of International Derivatives Clearing Group seems to be working quite well. What do you think the current outlook for this segment of the business with interest rates subject to change? 7. With your ERP and BPO product offerings, it seems like Nasdaq is starting to build a niche in Fin Tech offerings. Are there any future plans to expand to these offerings? 8. Nasdaq closed its multilateral trading facility in Europe, were you surprised by that decision? What kind of value added offerings to you plan to implement there instead? 9. What sort of considerations went into the share repurchase agreement? In July, you announced that there would be an increase in the amount of $100 million to the plans, do you feel that it is having the desired affect already? 10. In which area of your business would you see possible transactions being most relevant. It seems like many of your transactions and product offerings have a focus on Fin Tech in response to the reform, do you see that as a big area for M&A for the next few years?