1.  Market Round-Up 11 October2012 By Artjoms Vohmincevs © Copyright 2012 MUTIS. All rights reserved 2012.

2.  Your Subject US Unemployment figures – 5 th Oct 2012 & today BAE and EADS merger talks – 10 th Oct 2012 S&P downgrades Spain – 11 th Oct 2012 © Copyright 2012 MUTIS. All rights reserved 2012. Overview

3.  Your Subject NFP 114k vs consesus 114k – SPOT ON Aug vs Sept unemployment rate 7.8% vs 8.1% expected, great right? Jobless claims fell by 30k to 339k vs 370k expected © Copyright 2012 MUTIS. All rights reserved 2012. US Unemployment figures

4.  Your Subject Official failure reason – “interests of the parties’ government stakeholders cannot be adequately reconciled” EADS: 15% France, 0% Germany but plans to buy 7.5% from Daimler, Spain 5.5%; BAE: veto rights Britain © Copyright 2012 MUTIS. All rights reserved 2012. BAE and EADS merger talks

5.  Your Subject Spain is cut 2 notches to BBB- from BBB+ by S&P, 1 level above Junk © Copyright 2012 MUTIS. All rights reserved 2012. S&P downgrades Spain

6.  The information and material provided at MUTIS is for educational purposes only and does not constitute financial product advice. The views of the speakers are their own and not those of MUTIS. MUTIS does not represent or warrant that the information or material is complete or accurate. You should consider obtaining independent advice before making any financial decisions. If you are seeking advice (including a recommendation or opinion) about a financial product you should consult a certified financial advisor. To the extent permitted by law, no responsibility for any loss arising in any way (including by way of negligence) from anyone acting or refraining from acting as a result of the information or material is accepted by MUTIS © Copyright 2012 MUTIS. All rights reserved 2012. Disclaimer