ML Stock Loan Availability

This list provides information on the availability of certain securities for borrowing as a service to Merrill Lynch institutional clients. The information herein does not constitute an offer to lend or a commitment to lend any securities. Only representatives of Merrill Lynch Stock Loan Sales can make such commitments or agreements.

All securities listed in this list are subject to availability and they may be removed or adjusted at any time without notice.

Merrill Lynch may borrow or lend securities posted in this list for their own accounts or for the accounts of others.

In addition, from time-to-time Stock Loan Sales may provide informal, subjective comments regarding the stock loan market and the availability of certain securities or lack thereof. Those comments should not be considered anything more than observations of Stock Loan Sales. They do not and should not be interpreted as fact, fundamental research or as constituting market, investment or financial advice that may be relied upon. Merrill Lynch is not responsible for the accuracy, completeness or appropriateness of any information provided in these informational documents.

Questions regarding your specific financial and tax situation should be referred to your financial and tax advisers.

The information in this list does not constitute investment or financial advice, and we make no representation as to the suitability of any particular security for your investment needs. Merrill Lynch will not be responsible or liable for any damage that could result from your taking any action in reliance on this information.

All positions in this list of threshold securities (the SHO List) are published by the self-regulatory organizations on which the securities are listed. While Merrill Lynch believes that the information in this SHO List is accurate, Merrill Lynch does not verify such information and does not assume responsibility for the accuracy, completeness or timeliness of the information. Merrill Lynch accepts no liability for loss or damage that may result directly or indirectly from reliance on the information provided herein.

The intent of this list is to provide you with a listing of securities for which Merrill Lynch Professional Clearing Corp. provides a reduced stock loan rebate rate for short positions. While it may contain hard-to-borrow securities, it is not meant to be a hard-to-borrow list. Although we will do our best to notify you of revisions, the above listing is subject to changes, additions and deletions without notice. If you have any questions, please contact stock loan.

Please forward any questions to the Stock Loan Department at (212) 449-1422