Real Estate

EnergyBanks & Thrifts

Financial

InsuranceServices

SECTOR-FOCUSED NEWS, DATA ANDESSENTIAL BUSINESS INTELLIGENCE

Media & Communications

Whether selecting stocks, planning mergers or mapping competitive strategies,

leading investors and corporate decision-makers rely on SNL Financial for data,

news and analytics.

SNL’s sector-specific coverage.

Our coverage includes 40% of the U.S. market, with a growing international focus.

SNL is recognized as the premier information provider in the sectors it covers:

Banks and Thrifts, Financial Services, Insurance, Real Estate (both North America &

Europe/Asia-Pacific), Energy and, most recently, Media & Communications.

Accuracy and Timeliness: Data you can trust, and we guarantee it.

SNL updates information 24/7 and gives you online real-time access to the latest

news and numbers. We’re fast, but we

also guarantee accuracy. Our data is

carefully scrubbed, our QC precise.

We are so confident in our accuracy that

we offer rewards for finding errors.

Completeness and relevance: One

standardized template doesn’t fit all.

SNL has built a platform and process

designed for major business sectors with

fragmented data sources, unique metrics

and/or regulatory requirements. Our

Information Service is not only

comprehensive, it’s flexible. Instead of

applying one general financial format to

fit all, we create a unique information

template for each industry. And then we

standardize data to fit that unique mold.

The result: a more relevant picture.

Standardization of fields within our

industry-specific templates makes it easy

to compare companies and sectors.

SNL is the single best source for financialinformation on business sectors critical tothe global economy.

F O U R C O R E T E N E T SS N L ’ s

1 Accuracy2 Relevance 3 Completeness4 Timeliness

BANKS & THRIFTS

Industries we coverInsight and depth you won’t find anywhere else.

No other resource can match our level of industry-specific coverage.

Bloomberg, Reuters and Thomson give you basic financial data and

broker research reports. So do we. But nobody else has our standardized

and as-reported financials, sector-specific templates, asset-level data,

mapping or regulatory data. Even if you spend the time compiling data

from various sources, you won’t come close to what the SNL Information

Service delivers on a single platform.

Analytical tools: Link your models to our database.

SNL provides a host of customizable analytical tools, including valuation

tools and M&A models. SNLxl, our Web-enabled Excel® Add-In, allows

you to seamlessly integrate SNL data into your spreadsheets and

analytical models. Build your template once, then refresh data later

with one click.

SNL is recognized as the premier

provider of financial data, news and

analytics for the following business

sectors, encompassing coverage of

more than 3,300 public companies

and over 50,000 private companies.

SNL currently serves over 4,000

clients and more than 15,000

users, ranging from Wall Street

institutions to top management at

the companies we cover. Clients

include leading investment banks,

mutual funds, hedge funds, lending

departments, M&A departments,

equity and debt finance, financial

analysts, consulting firms, law

firms, government and trade

associations. Client satisfaction is

reflected in a subscription renewal

rate of 93%.

A single source: SNL eliminates the tedious and time-consuming task ofmanually extracting data from different sources. Instead, you have a singlesource for relevant and in-depth data on a specific sector. Included areadvanced analytical tools that help you make better decisions.

SNLSINGLE SOURCE DATA AND

THE TOOLS TO USE IT

EVENTS, FILINGS,CALL TRANSCRIPTS

ASSET-LEVEL DATA

SELL-SIDE ESTIMATESAND RESEARCH

INDUSTRY NEWS

REGULATORY DATA

CAPITAL MARKETSHIGH-LEVEL

FUNDAMENTALS

INDUSTRY COMMENTARY

Global reach: SNL has offices worldwide. Corporate headquarters are inCharlottesville, Virginia. Other locations include New York, India, Pakistan andthe United Kingdom.

FINANCIAL SERVICES

INSURANCE

REAL ESTATE

ENERGY

MEDIA & COMMUNICATIONS

A broad client base

Our clients place tremendous trust in our data.Our QC systems ensure that we earn this trust.

1Accuracy

I brought a data error to the attention of the SNL support teampertaining to an incorrect branch location. Their response was extremely

timely, and the support staff were very courteous and friendly. I was impressedby SNL’s value of customer feedback on data quality, and how that feedback isincorporated into a continuous data quality improvement process. That was a refreshing experience as a customer, andfurther reinforces my confidence in SNL’s data quality.

SNL data is compiled by sector experts, carefully scrubbed and put

through rigorous quality control before it is published. We have radically

transformed the way we collect data and news to simultaneously speed

up turnaround and improve quality. In fact, obsession with data quality

is part of the SNL culture. Our QC system involves a combination of

trained analysts and computer checks.

The numbers speak for themselves: In the most recent quarter, our

already low error rate declined by 10% despite a 42% jump in usage.

The SNL Information Guarantee.

We are so confident in our data that we offer the SNL Information

Guarantee: You can rely on SNL’s data to be accurate, but if you

can find an error, we will reward you with an American Express® gift

certificate.

Whether you use information to

make recommendations to clients,

modify your portfolio, structure an

acquisition or run your business,

SNL knows that you count on our

data to be accurate. Our sector-

specific models, like this SNL

Energy model for load and energy

forecasts, are both innovative and

reliable.

WHEN INACCURACYIS NOT AN OPTION

EVALUATE M&ATRANSACTIONSTHE SMART WAY

SNL Merger Model

E x a m p l e s

Accurate SNLxl updates: When you refresh your SNLxl models from ourdatabase, you can be sure they’re correct. Because SNL’s accuracy isguaranteed. The SNLxl example above updates REIT portfolio values andexposure based on dollar values of individual holdings.

Michael BastedoAVP, PFS Branch Network StrategyHSBC Bank USA, N.A.

“”

Mission-Critical Data

Creating deals is as simple as

dragging and dropping companies.

The formula: buyer + target +

assumptions = deal. Instantly

analyze 50 deals for three different

scenarios (all stock, mix, all cash),

a total of 150. Use our accurate

data to determine the buyer’s

capacity to pay, filter for deal

breakers or query for targets by

geography, size or other criteria.

The granularity you require for meaningful analysisin specific sectors or sub-sectors.

2Relevance

SNL knows that different industries report different financial items in

different ways. So we standardize and analyze data in an industry’s own

language, formats and fields. Company profiles highlight sector-specific

performance metrics. You can see overviews of multiple companies,

tracking criteria such as exposure or risk, exactly as it’s measured in a

given sector. SNL even recalculates every ratio from the balance sheet

and income statement line items using standard, industry-accepted

formulas.

To accommodate the wide swing in performance metrics from industry to

industry, SNL provides diverse fields of measurement—from loan loss

reserves/ratios in the Bank & Thrift sector to slot machines/square foot in

the Gaming sub-sector of Real Estate.

SNLxl: Pick the industry-specific

performance metrics and ratios, the

comparison indexes, the market

data, and the peers. You have an

instant report, which will refresh on

command with new data in real

time. All data is standardized to

guarantee apples-to-apples

compatibility.

SNL Mapping: Easily convert data into sector-specific geographical overviews forplanning and presentation. Map against competitors and demographics.Banking: Map competitive branch locations to guide M&A or branch marketing.Energy: Map plant locations. Real Estate: Map properties.

PEER COMPARISONMADE SIMPLE

SNLxl: Peer Evaluation

Want to know your investment

exposure as of this minute based

on industry-specific risk criteria?

Just enter individual stock positions

and click “Create Exposure Report”

on our SNLxl template. Example:

SNL Real Estate—exposure based

on holdings in every real estate

market in the U.S.

INDUSTRY-SPECIFICEXPOSUREREPORTS

SNL Analytics: Exposure

E x a m p l e s

SNL is a powerful tool for two reasons: They have good data that’s scrubbed, and they make their data interactive in Excel format, so

that I can manipulate it the way I want. It’s all about picking the best stocks.My bets are supported by good data. Without good data I could not be confident in executing my own models. SNL data is always solid.

Barry Oxford DirectorUBS Global Asset Management

“ ”

The broadest possible spectrum of information,easily molded to your objectives.

3Completeness

While generalist providers skim the surface, SNL takes a “deep dive”

into each sector that we cover. We aggregate data from fragmented

sources. We go beyond the basic financial data, collecting memo items

and supplemental financial schedules to present the most complete and

relevant picture of a company and industry.

SNL focuses on breadth of information as well as depth. Where it isn’t

practical for us to collect information on our own, such as stock prices,

institutional ownership data and call transcripts, SNL partners with

best-in-class information vendors to redistribute their data through

our products.

A higher standard.

No other data provider delves into as much detail or is as focused on

industry standardization as SNL. Our ability to standardize data for all

companies within a particular industry is a prime differentiator and

advantage for our clients. Doing so allows our clients to build peer

comparisons without having to spend time making adjustments to

produce an apples-to-apples scenario.

The M&A Briefing Book provides

a complete snapshot of a deal—

current or historical—including

links to related documents and

news, buyer and target financials,

and pre- and post-deal stock

charts. (Example shown below:

Banks & Thrifts)

CREATEMULTIPAGEPROFILES OF M&ATRANSACTIONS

M&A Briefing Book

This tool allows bankers, analysts,

asset managers and IR pros to

perform institutional prospecting,

road show intelligence or

competitor analysis through a

single, simple interface. (Example

shown below: SNL Real Estate)

COMPARE THEOWNERSHIPPROFILE OF ACOMPANY AGAINSTITS PEERS

Ownership: Peer Comparison

Briefing Books: Build investment banker–quality corporate summaries witheverything you need to know about a selected company by using point-and-click menus. Select a company and the reports you want. In two minutes, youhave a presentation-ready “pitch book.” Want to build an equivalent profile foran M&A deal? No problem. Instead of company info, choose reports on dealpricing, financials and related news.

E x a m p l e s

Our Financial Institutions Group relies on SNL more than any other product or service available. The depth, reliability and timeliness of data that

SNL puts at one’s fingertips is essential to our investment banking platform.

Brian M. Mellone, CFAManaging DirectorMorgan Keegan Financial Institutions Group“ ”

The latest news and the most current data.Link your proprietary models for automatic updates.

4Timeliness

SNL integrates news, data and analytics in real time. The news is

plugged into the database, and the data is plugged into the latest news.

Subscribers can link to the latest news and archives on any company,

directly from the database.

Our data is scrubbed, approved and published in what we believe to be

the fastest cycle time in the industry. In an average quarter, we process

30,000 source documents, then review and release them to clients in

under 6 hours. Aggregating from a variety of sources, we cover a

complete set of financial, operational and asset-level detail. In addition

to reported financial data, which we standardize in our industry-specific

templates, our database encompasses everything from SEC filings to

regulatory agency documents to M&A activity. All updated 24/7.

SNLxl: Your models are as current as our data.

Your proprietary models are your competitive edge. SNLxl eliminates

time-consuming manual updates. Tie any Excel spreadsheet to the SNL

database for instant updating. Tap into our library of reports, stocked

with templates based on analytical best practices. Or have SNL Support

consult on a custom model for you.

You have 24/7 access to SNL’s

complete data set. Use our easy

DataWizard to pull the information

you want, and integrate it into your

proprietary models. Refresh your

data online from anywhere, with the

click of a button.

REFRESH YOURMODELS INSECONDS

SNLxl: Real-Time Updates

Newsletters: SNL publishes an extensive range of daily, weekly and monthlynewsletters providing comprehensive news and feature stories for each of thesectors we cover. Delivered via email as PDF files or accessible online, theseelectronic publications provide exclusive, market-moving information that’slinked to our vast databases.

E x a m p l e s

I depend on their current news on domestic fuels and energy markets, and SNL’s real-time alerts and scrolling news make it superior to other

news services. Also, the SNLxl Add-In is the easiest and fastest I’ve seen. .

Fadi ShadidEnergy ResearchFriedman Billings Ramsey

“ ”

From a news team of more than 50

reporters and editors, SNL’s online

and up-to-the-minute news

coverage includes keyword email

alerts, RSS feeds, original columns,

exclusive commentaries and 360-

degree reviews of the most urgent

topics in SNL-covered industries.

FAST & EASYACCESS TOCOMPLETE NEWSCOVERAGE

SNL News: My Home

First North America, now the world. Starting with Europe/Asia-Pacific real estate.

GlobalSNL

After establishing its leadership as an information provider in North America,

SNL is now expanding into international markets. SNL Real Estate is the

first of SNL’s electronic databases to include global coverage, and it fills a

huge gap in a growing market.

The first single source for worldwide real estate investment data.

A new wave of real estate securitization is gathering momentum across the

globe. Until now, investors have not had a single data resource. Finding

information has required time-consuming searches through multiple sources,

with the added complication of reporting differences from country to

country. SNL applied its expertise to this fragmented market, gathering and

quality-checking data from a variety of international sources, many of which

are extremely difficult to access. From current financial documents to

historical information, it’s all there online, continually updated and easily

accessible for the first time.

Bridging the differences.

Not only did SNL create the first

central database for global real

estate investors, we developed

standardized templates broad enough

to encompass all the differences in

reporting standards and accounting principles, without sacrificing the depth

and detail for which SNL is known. Investors can evaluate property

portfolios. Access asset-level data. View source documents. And instantly

convert any screen or report into the currency of their choice. For over 200

companies in more than 20 countries.

You have instant real-time accessto source documents for currentdata and historical data that wouldbe virtually impossible to obtain—from past financials to pressreleases.

USE HISTORY TOPROJECT THEFUTURE

Documents archive

Our currency converter toolallows you to seedata in a varietyof currencies.Instantly view theentire report inthe currency ofyour choice,whether it’s theeuro, the U.S.dollar, theJapanese yen orthe Swiss franc.

E x a m p l e s

View a company’s property portfolio holdings by property types,tenants, markets and propertytransactions. Standardizationmakes peer comparisons possibleacross companies and countries.

IN-DEPTH DETAILAND PEERCOMPARISONS

Property portfolios

SNL closes information gaps by acquiring andintegrating best-in-class data and research firms.

PlusSNL

SNL Kagan: The first single source for media & communications data.

From telecom and cable to broadcasting and wireless, media &

communications is a fast-growth area with multiple sectors. Until now,

there was no single source for financial and operating data. To meet the

need, SNL acquired Kagan Research, the leader in media business

research for nearly four decades.

The integration of Kagan’s proprietary data and forecasts with SNL’s

electronic platform marks a complete transformation in how media &

communications information is delivered and used. This powerful

combination provides a seamless linkage of data, news and analytics

across sectors, all available for a single subscription price. The Media &

Communications industry has its own set of metrics and its own

language, so SNL Kagan has created a unique information template for

each sector. Data is standardized and analyzed using the sector’s own

language, formats and fields. SNL’s online platform provides 24/7 access,

with point-and-click menus making data easy to manipulate and analyze.

Regulatory Research Associates (RRA): An edge in Energy.

One of the keys to success in the energy business is knowing the

financial and strategic impact of state-level regulation. To deliver this

added value to our energy customers, SNL acquired Regulatory

Research Associates (RRA), the leading specialist in electric utility

securities and regulation, with a 25-year track record. RRA’s expert

analysis and proprietary data provides SNL customers with the best

available intelligence on regulatory issues affecting utilities.

RRA products and services include commission profiles, rate case

histories and statistics, events calendar and report searches.

SNL Kagan’s proprietary forecasts,reports and newsletters provide theobjective benchmark by whichinvestors measure the value andperformance of media companies.That’s why key players in eachsector rely on them to makestrategic decisions.

FORECASTS, REPORTSAND NEWSLETTERS

SNL Kagan proprietary intelligence

REAL-TIME PROFILESAND RANKINGS

RRA sheds light on utilityregulation

View continuously updated profiles of state regulatory commissions withRRA’s valuable rankings, all of whichcan be easily exported to spread-sheets via SNLxl or converted toPDFs. Key details on commissionersand topics related to utility regulation are available in real time.

Telecom Entertainment Broadcasting Cable

New Media Satellite Wireless Publishing

If you are an SNL-covered company, our onlineIR solution gives you a unique perspective.

IR SolutionsSNL

INTERACTIVEGRAPHING: THE BESTJUST GOT BETTER

Instant graphs made to order

Specify page templates from a widerange of choices. Modify companyname for all pages. Upload charterdocuments. Keep shareholders up todate with HTML email banners.Easily integrate new email lists.Upload any form of presentation orWebcast right from your console.

MORE CONTROL,EASIER CHANGES

Our updated IR console

E x a m p l e s o f i m p r o v e m e n t s

Wall Street already looks to SNL as the primary source of data, analytics

and news on our chosen business sectors. So it only makes sense for IR

pros in those industries to outsource online investor relations

management to SNL IR Solutions.

Our service will build and manage your IR Web site, automatically posting

key updates. Because SNL already provides data for your industry, we can

enrich your site in ways that none of our competitors can, with sector-

specific data, documents and other exclusives. SNL IR Solutions is

your central hub for investor communications and compliance. We

handle webcasts, conference calls, interactive annual reports, tools for

compliance with corporate governance requirements and more.

Outsourcing without the outrage.

If you’re already outsourcing, the outrageous “last straw” could come at

any time. The irritating extra charges. The missed press release. SNL

takes a completely different approach to customer service. We give you a

dedicated account manager and a flat fee, so you avoid being “nickel-and-

dimed.” You have one point of contact at SNL to help you with training,

changes and management. And there’s no charge for answering questions.

Free SNL analytics: As an added value, you receive free access to the SNLInformation Service when you sign up with SNL IR Solutions. Depending on yoursubscription level, this includes real-time industry-specific news, peer data (withindexes and charts), and mapping relevant to your industry (branches, propertyholdings, power plants, telecom service areas).

SNL IR Solutions simply works and is awesomely efficient.Whenever we need something it is attended to quickly and correctly.

Plus SNL understands and provides the transparency that is required by regulators and expected by the investment community.

Bill TraynhamPresident and CFOCommunity Bankshares, Inc.

“ ”

Select from more than 100 peerindexes to build a total returnperformance graph with a fewclicks. Comply with the SECrequirement while showing yourcompany in the best light. The TotalReturn Calculator graphs ROI over a 12-month period. Site visitors cangraph stock performance againstpeers and/or indexes.

SNL Support: Our industry experts help you harnessthe power of SNL to meet your objectives.SNL customer support advisors are experts in financial analysis, your sector, and SNL’s products. Tell your

SNL expert what you’re trying to do from a business perspective. You’ll get some easily applied tips that

will harness the power of SNL to your goals.

SNL Support people aren’t tech reps, although they’re well-versed in how to apply our technology.

They have backgrounds similar to yours.

Maximize the ROI on your SNL subscription.

Talk to an SNL expert to unleash the full benefits of

everything SNL offers. Learn tips that translate

into bottom-line results. Gain a competitive

edge, cut hours of manual updating, and make

your life easier. Find out how easy it is to link

your spreadsheets to the SNL database,

using SNLxl. Ask about the Briefing Book

report-builder function to produce in-depth,

presentation-ready pitch books on a

specific company—in minutes, not hours.

Get up to speed on mapping in all its

colorful dimensions. Find out the details on

the newest improvements being made

continuously. Take advantage of SNL Support

to get the most out of SNL.

SupportSNL

888.275.2822support@snl.com

Other SNL products and services.SNL offers a number of ancillary products and services that complement

our core information services.

Statutory Insurance Data.

It’s the dawn of a new era for SNL’s Financial Institution subscribers, who

can now access the immense and intimidating statutory dataset with ease.

Thanks to a groundbreaking

agreement with the National

Association of Insurance

Commissioners (NAIC), SNL

is publishing more than a

decade of stat insurance

data in a new form. Rather

than struggling with

overwhelming datasets, you can see snapshots, ratios and preformatted

analysis in seconds. With all these unique shortcuts, you still have easy

access to every single data point through SNLxl. With special features like

bottom-up group analysis, Schedule P analysis and ratings data.

You get detailed financial information for every insurance company in the

country. With relevant ratios concerning premiums, claims and losses.

Market share. Portfolio statistics. Demographics. Loss triangles. And more.

Full integration with our news, documents, M&A and public company

insurance data gives you all the tools necessary to analyze insurance

companies from top to bottom. All included in your subscription.

Data publications

SNL’s Executive Compensation

Review is available in four editions:

Bank and Thrift (vol. 1 & 2),

Insurance and Real Estate

Securities. It’s the only source that

names names, with peer

comparisons of historical executive

compensation figures and company

performance. The Review also

includes industry trends in

compensation and benefit

packages, including options

awarded, exercised and held.

The SNL Center for Financial Education (CFE),

an SNL affiliate, is a training resource for

commercial and investment banks,

insurance companies, asset management

and venture capital firms, consultants and

federal agencies.

More than 4,000 professionals have attended our content-rich programs

that focus on analytical tools and concepts attendees can put to immediate

use. Seminar speakers are noted industry experts who provide a wide variety

of perspectives.

We publish a full lineup of printed

directories for sectors we cover.

From executive compensation to

mergers and acquisitions, these

authoritative desk references

provide quick and easy access to

hundreds of rankings, listings and

industry trends.

Published annually,

the SNL Financial

Institutions Deal

Book is the

authoritative source

for information on

financial industry

M&A deals and capital offerings, as

well as the players involved. It is the

most complete directory available of

M&A and underwriting professionals

in banking, financial services and

insurance, with rankings of advisors

by deal value. Deals are ranked and

reviewed state by state, with

complete statistics.

Banks &Thrifts

FinancialServices

Energy

Real Estate

Media & Communications

Insurance

Banks &Thrifts

FinancialServices

Insurance

Real Estate

Media & Communications

Energy

Headquarters One SNL PlazaP.O. Box 2124Charlottesville, VA 22902866.296.3743434.977.1600434.977.4466 fax

Ahmedabad, IndiaSNL House5, Sunrise Park SocietyDrive-in Road, VastrapurAhmedabad: 380054+91 079 40207200

Arlington, VA1700 North Moore Street11th Floor, Suite 1110 Arlington, VA 22209703.373.0150703.373.0159 fax

Boston, MA15 Broad StreetSuite 501Boston, MA 02109617.371.3983212.542.8047 fax

Boulder, CO921 Walnut St.Suite 250Boulder, CO 80302303.501.1671303.501.1672 fax

Islamabad, Pakistan101-W 3rd FloorAl-Khair PlazaFazal-ul-Haq RoadBlue Area, Islamabad, 44000+92 51 2276592

Jersey City, NJ30 Montgomery StreetJersey City, NJ 07302201.433.5507201.433.6138 fax

London, England7 Birchin Lane, 8th FloorLondon, EC3V 9BWUnited Kingdom+44 (0)20 7398 0870+44 (0)20 73980871 fax

Monterey, CAOne Lower Ragsdale DriveBuilding One, Suite 130Monterey, CA 93940831.624.1536831.625.3225 fax

New York, NYTrinity Centre115 Broadway, 16th FloorNew York, NY 10006212.364.7530 212.364.7566 fax

www.snl.com