Please indicate how important an impact you believe each of the following issues currently has on overall global market conifdence Very important or important Somewhat important Of little importance or not important at all — 2019 Lower ranking — 2019 Higher ranking l l l 2017 2019 55.7% 72.8% 20.2% GEOPOLITICAL GEOPOLITICAL 19.4% 11.7% RISK RISK 2.3% 47.1% CURRENCY 72.8% 29.9% EXCHANGE GLOBAL TRADE 16.7% 9.3% RATES ENVIRONMENT 3.4% 43.9% EMERGING 59.4% 33.2% MARKET REGULATORY 31.9% 10.0% GROWTH ENVIRONMENT 2.8% 42.5% LIQUIDITY IN 54.1% 33.2% EUROZONE THE FINANCIAL 34.0% 10.9% STABILITY MARKETS 4.3% 41.4% CURRENCY 52.4% 33.3% GLOBAL TRADE EXCHANGE 35.8% 11.5% ENVIRONMENT RATES 5.3% 40.6% 50.4% 30.0% COMMODITY COMMODITY 32.7% 12.4% PRICES PRICES 6.9% 40.5% EMERGING 50.4% 36.3% REGULATORY MARKET 36.6% 11.3% ENVIRONMENT GROWTH 5.2% 36.9% LIQUIDITY IN 48.1% 39.7% THE FINANCIAL EUROZONE 35.7% 11.4% MARKETS STABILITY 7.6% 33.1% 41.1% 45.4% INFLATION INFLATION 44.7% 8.2% 5.3% 26.4% 37.7% 45.0% TRADING TRADING 38.7% 13.7% TRANSPARENCY TRANSPARENCY 11.0% 23