Completed Chinese Outbound Cross Border M&A USD million, percent share of global total 70.000 10% Aggregate Value of Completed Chinese Outbound Cross Border M&A Deals(Left Axis 9% - Chinese Share in Total Global Cross Border m&A Value(Right Axis 40.000 5% 30.000 3% 2% 10.000 1% 2004 2005 2006 2007 2008200920102011 2012 2013 2014 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 3 Completed Chinese Outbound Cross Border M & A