Electronic Communications Disclaimers

Please review certain disclosures, documents and additional information in respect of the Markets in Financial Instruments Directive and associated Regulation (together MiFID II) by visiting our MiFID II website at Markets in Financial Instruments Directive.

If this communication constitutes a financial promotion, it is issued and/or approved for distribution in the U.K. by Merrill Lynch International (“MLI”) or Bank of America Europe Designated Activity Company, London Branch (“BOFA EUROPE, London Branch”) only to, and directed at, (a) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is only available to relevant persons and will be engaged in only with relevant persons.

The views and information contained in this communication are provided for informational purposes only and are not intended as an investment recommendation within the meaning of EU Regulation No. 596/2014 (Market Abuse Regulation).

The U.K. compensation scheme and rules for the protection of private customers do not apply to the services provided or products sold by non-U.K. regulated affiliates.

The registered office of MLI is at Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ, United Kingdom. MLI is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. MLI is entered in the Financial Conduct Authority's register (Registered Number 147150). MLI is subject to the Financial Conduct Regulation and Prudential Regulation Authority rules and guidance, access to which can be gained via the following links: www.fca.org.uk and http://www.bankofengland.co.uk/pra/Pages/default.aspx. The VAT number for MLI is GB245122493.

Bank of America Europe DAC, London Branch is located at 2 King Edward Street, London EC1A 1HQ, United Kingdom.

Bank of America Europe DAC is registered in Ireland. The registered address of Bank of America Europe Designated Activity (“BOFA EUROPE”) is Two Park Place, Hatch Street, Dublin 2 Ireland. Registration #229165, VAT No. IE 8229165F. BOFA EUROPE is regulated by the Central Bank of Ireland.

You may be contacted by a different Bank of America entity acting for and on behalf of your service provider where permitted by applicable law. This does not change your service provider. Please use visit www.BofA.com for further information.

EMEA Global Markets Sales Note Disclaimer »

The information contained in this email does not constitute an offer, solicitation or recommendation for the purchase or sale of any securities or other financial instruments nor does the information constitute advice or an expression of our view as to whether a particular security or financial instrument is appropriate for you and meets your financial objectives.

The views and information contained in this communication are provided for informational purposes only and are not intended as an investment recommendation within the meaning of EU Regulation No. 596/2014 (Market Abuse Regulation).

Bank of America Europe DAC is registered in Ireland. The registered address of Bank of America Europe Designated Activity (“BOFA EUROPE”) is Two Park Place, Hatch Street, Dublin 2 Ireland. Registration #229165, VAT No. IE 8229165F. BOFA EUROPE is regulated by the Central Bank of Ireland.

The information contained in this email does not constitute an offer, solicitation or recommendation for the purchase or sale of any securities or other financial instruments nor does this information constitute advice or an expression of our view as to whether a particular security or financial instrument is appropriate for you and meets your financial objectives.

The views and information contained in this communication are provided for informational purposes only and are not intended as an investment recommendation within the meaning of EU Regulation No. 596/2014 (Market Abuse Regulation).

The registered office of Merrill Lynch International ("MLI") is Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ, United Kingdom.

The addresses of the Italian Branches of MLI are Milan 20121 — Via Manzoni, 5 and Rome 00186 — Largo della Fontanella di Borghese, 19. VAT number for MLI in Italy is 13183410151. MLI is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Its Italian Branches are regulated in the Republic of Italy by Consob and by the Bank of Italy. Consob's website is www.consob.it and it contains a wide range of information including the Roll of Financial Intermediaries with permanent establishment in Italy. The Italian Branches of MLI are registered in this Roll with notification n. 1006672 of January 30th, 2001.

Bank of America Europe Designated Activity Company (“BOFA EUROPE”), Succursale di Milano is located at Via Alessandro Manzoni, 5, 20121 Milano, Italia. The Registration number for BOFA EUROPE, Succursale di Milano is 10526740963, BAT No., IT 10526740963. BOFA EUROPE, Succursale di Milano is regulated by the Bank of Italy and by Consob in the conduct of investment business in Italy. The Bank of Italy's website (www.bancaditalia.it) publishes the Roll of Banks and Banking Groups where some information on registered Banks and Branches are available.

The Branch is also regulated by Consob. Consob's website is www.consob.it and it contains a wide range of information including the Roll of Financial Intermediaries with permanent establishment in Italy.

Bank of America Europe DAC is registered in Ireland. The registered address of Bank of America Europe Designated Activity (“BOFA EUROPE”) is Two Park Place, Hatch Street, Dublin 2 Ireland. Registration #229165, VAT No. IE 8229165F. BOFA EUROPE is regulated by the Central Bank of Ireland.

The information contained in this email does not constitute an offer, solicitation or recommendation for the purchase or sale of any securities or other financial instruments, nor does this information constitute advice or an expression of our view as to whether a particular security or financial instrument is appropriate for you and meets your financial objectives.

The views and information contained in this communication are provided for informational purposes only and are not intended as an investment recommendation within the meaning of EU Regulation No. 596/2014 (Market Abuse Regulation).

The registered office of Bank of America Europe Designated Activity Company (“BOFA EUROPE”), Zweigniederlassung Frankfurt am Main is Neue Mainzer Strasse 52, 60311 Frankfurt am Main, Germany. VAT No. DE82102264. BOFA EUROPE- Zweigniederlassung Frankfurt am Main is regulated locally by the Bundesanstalt für Finanzdienstleistungsaufsicht, Registration No. HRB 104800.

Bank of America Europe DAC is registered in Ireland. The registered address of Bank of America Europe Designated Activity (“BOFA EUROPE”) is Two Park Place, Hatch Street, Dublin 2 Ireland. Registration #229165, VAT No. IE 8229165F. BOFA EUROPE is regulated by the Central Bank of Ireland.

The information contained in this email does not constitute an offer, solicitation or recommendation for the purchase or sale of any securities or other financial instruments, nor does this information constitute advice or an expression of our view as to whether a particular security or financial instrument is appropriate for you and meets your financial objectives.

The views and information contained in this communication are provided for informational purposes only and are not intended as an investment recommendation within the meaning of EU Regulation No. 596/2014 (Market Abuse Regulation).

Bank of America Europe Designated Activity Company (“BOFA EUROPE”), Succursale en France is located at 51 rue La Boétie, 75008 Paris. RCS Paris 843 444 001 - No TVA Intracommunautaire FR 06 843444001 APE 6419Z. BOFA EUROPE – Succursale en France is regulated in France by the Autorité de Contrôle Prudentiel et de Résolution (“ACPR”) and the Autorité des Marchés Financiers (“AMF”). ACPR website www.regafi.fr contains a wide range of information including details of the entities it regulates.

Bank of America Europe DAC is registered in Ireland. The registered address of Bank of America Europe Designated Activity (“BOFA EUROPE”) is Two Park Place, Hatch Street, Dublin 2 Ireland. Registration #229165, VAT No. IE 8229165F. BOFA EUROPE is regulated by the Central Bank of Ireland.

BofA Securities Europe SA (“BofASE”) with registered address at 51, rue La Boétie, 75008 Paris, registered under n° 842 602 690 RCS Paris, is governed by articles L. 531-1 and following of the monetary and financial code. BofASE is authorized as an investment firm by the Autorité de Contrôle Prudentiel et de Résolution (“ACPR”), is regulated by the ACPR and the Autorité des Marchés Financiers, and is not a credit institution. BofASE’s share capital is € 7,976,300,000.VAT n° FR 13 842 602 690

IF SENT BY MERRILL LYNCH CAPITAL MARKETS ESPAÑA, S.A., S.V.:

The views and information contained in this communication are provided for informational purposes only and are not intended as an investment recommendation within the meaning of EU Regulation No. 596/2014 (Market Abuse Regulation).

The registered office is Merrill Lynch Capital Markets España, S.A., S.V., Torre Serrano planta 8, c/ Marqués de Villamagna 3, 28001 Madrid, España. VAT Registration Number: A-81479586, and registered in the Commercial Registry of Madrid under book 11062, general, section 8, sheet 121, page M-174376, entry 1. Authorised and regulated by the Comisión Nacional del Mercado de Valores in the conduct of investment business in Spain and entered in the Comisión Nacional del Mercado de Valores's register (Register Number 161). The Comisión Nacional del Mercado de Valores's website (www.cnmv.es) provides access to this register.

IF SENT BY BANK OF AMERICA EUROPE DAC, SUCCURSAL EN ESPAÑA

The views and information contained in this communication are provided for informational purposes only and are not intended as an investment recommendation within the meaning of EU Regulation No. 596/2014 (Market Abuse Regulation).

The registered address for Bank of America Europe DAC, Succursal en España is Calle Marqués de Villamagna 3; Torre Serrano, pl. 8; 28001 Madrid. Reg. Mer. De Madrid – Tomo 38.227, Folio 138, Sección 8ª, Hoja M-680226, Inscipción 1ª – N.I.F. W0074112D.

Bank of America Europe DAC is registered in Ireland. The registered address of Bank of America Europe Designated Activity (“BOFA EUROPE”) is Two Park Place, Hatch Street, Dublin 2 Ireland. Registration #229165, VAT No. IE 8229165F. BOFA EUROPE is regulated by the Central Bank of Ireland.

IF SENT BY BANK OF AMERICA EUROPE DAC, BRUSSELS BRANCH

The views and information contained in this communication are provided for informational purposes only and are not intended as an investment recommendation within the meaning of EU Regulation No. 596/2014 (Market Abuse Regulation).

Bank of America DAC, Brussels Branch, is located at Square de Meeûs 38-40, B-1000 Brussels. Registration No. 0649.796.367, VAT BE0649.796.367.

Bank of America Europe DAC is registered in Ireland. The registered address of Bank of America Europe Designated Activity (“BOFA EUROPE”) is Two Park Place, Hatch Street, Dublin 2 Ireland. Registration #229165, VAT No. IE 8229165F. BOFA EUROPE is regulated by the Central Bank of Ireland.

IF SENT BY BANK OF AMERICA EUROPE DAC, DUBLIN, ZURICH BRANCH

The views and information contained in this communication are provided for informational purposes only and are not intended as an investment recommendation within the meaning of EU Regulation No. 596/2014 (Market Abuse Regulation).

Bank of America Europe DAC, Dublin, Zurich Branch is located at Stockerstrasse 23, Zurich, 8002, Switzerland. BOFA EUROPE, Dublin, Zurich Branch is regulated by the Swiss Financial Market Supervisory Authority FINMA, Registered No. CHE281038622, VAT No. CHE-281.038.622 MWST.

Bank of America Europe DAC is registered in Ireland. The registered address of Bank of America Europe Designated Activity (“BOFA EUROPE”) is Two Park Place, Hatch Street, Dublin 2 Ireland. Registration #229165, VAT No. IE 8229165F. BOFA EUROPE is regulated by the Central Bank of Ireland.

IF SENT BY BANK OF AMERICA EUROPE DAC, AMSTERDAM BRANCH

The views and information contained in this communication are provided for informational purposes only and are not intended as an investment recommendation within the meaning of EU Regulation No. 596/2014 (Market Abuse Regulation).

Bank of America Europe DAC, Amsterdam Branch is located at Rebmbrandt Tower, Amstelphlein 1, 1096 HA Amsterdam, The Netherlands. Registration No. 73000949, VAT No. NL8593.15.605.B01.

Bank of America Europe DAC is registered in Ireland. The registered address of Bank of America Europe Designated Activity (“BOFA EUROPE”) is Two Park Place, Hatch Street, Dublin 2 Ireland. Registration #229165, VAT No. IE 8229165F. BOFA EUROPE is regulated by the Central Bank of Ireland.

IF SENT BY BANK OF AMERICA EUROPE DESIGNATED ACTIVITY COMPANY STOCKHOLM BANKFILIAL

The views and information contained in this communication are provided for informational purposes only and are not intended as an investment recommendation within the meaning of EU Regulation No. 596/2014 (Market Abuse Regulation).

Bank of America Europe Designated Activity Company Stockholm Bankfilial is located at Birger Jarlsgatan, SE-11 45 Stockholm, Sweden. Registered with the Swedish Companies Registration Office (Bolagsverket) (Reg. No. 516406-1128) and authorised by the Central Bank of Ireland and subject to limited regulation by the Swedish Financial Supervisory Authority (Finansinspektionen).

Bank of America Europe Designated Activity Company (DAC) is registered in Ireland. The registered address of Bank of America Europe Designated Activity (“BOFA EUROPE”) is Two Park Place, Hatch Street, Dublin 2 Ireland. Registration #229165, VAT No. IE 8229165F. BOFA EUROPE is regulated by the Central Bank of Ireland.