Completed chinese Cross Border m&A (Region of Target Aggregate value, USD million 70.000 60000 50000 Others 40.000 Japan Canada 30000 20.000 EU 28 10.000 United States 200420052006200720082009201020112012201320142015 Source: Bloomberg, Thomson, Rhodium Group; includes disclosed value of all completed m&a transactions by ultimately Chinese-owned firms irrespective of the size of the resulting stake, aggregated by date of completion CESLELECTIVE-APRIL2016CESL ELECTIVE - APRIL 2016 5 Completed Chinese Cross Border M&A (Region of Target) Source: European Chamber of Commerce in China (2013)