CIBC & RBC in Bloomberg's Q3 2007 Global Finance M&A Rankings

Bloomberg, Wendy Soong, 1 October 2007

The following table shows the rankings of financial advisers for global mergers & acquisitions in the period ended September 30, 2007. The ranks are based on the aggregate dollar amount of deals from each firm and compared with the ranks in the same period of previous year. The total deal volume increased 41 percent to $3.47 trillion, from $2.46 trillion last year.

                                              2007               2006
01/01/07-09/30/07                   Market  Volume   Deal       Market  Y-O-Y
Firm                           Rank  Share   ($mln) Count   Rank Share  Change
==============================================================================
Goldman Sachs & Co               1   29.2 1,014,112   338     1   29.3   -0.1
Morgan Stanley                   2   28.1   975,713   293     2   24.1    4.0
Citi                             3   26.9   935,449   350     4   22.3    4.6
JP Morgan                        4   24.7   858,102   289     3   23.1    1.6
UBS                              5   21.3   740,574   331     5   18.0    3.3
Merrill Lynch & Co               6   20.8   721,631   237     6   17.8    3.0
Lehman Brothers                  7   19.7   683,813   204     7   16.0    3.7
Credit Suisse                    8   19.2   667,814   245     8   15.6    3.6
Deutsche Bank AG                 9   18.5   640,838   185     9   11.6    6.9
Lazard LLC                      10   11.9   413,969   169    10   11.5    0.4
Rothschild                      11    9.0   311,228   275    11   10.6   -1.6
Greenhill & Co                  12    7.7   266,434    27    30    1.7    6.0
ABN AMRO Bank NV                13    7.3   251,947   140    15    6.0    1.3
Bank of America                 14    6.6   230,901    84    19    4.4    2.2
BNP Paribas Group               15    5.4   188,809   105    12    8.5   -3.1
RBC Capital Markets             16    4.4   151,535   100    28    1.8    2.6
Royal Bank of Scotland          17    4.1   143,123     4   308    0.0    4.1
CIBC                            18    3.8   130,262    92    27    2.2    1.6
Dresdner Kleinwort              19    3.5   122,917    51    23    2.5    1.0
Bear Stearns & Co Inc           20    3.1   108,511    42    25    2.4    0.7

Total*                                   $3,473,018  23,788

* -- Includes mergers, acquisitions, divestitures, self-tenders and spinoffs.
Excludes open market repurchases. Volume in US$ millions.
* -- Total volume represents all announced transactions in US$ millions.

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