The Deloitte M&A Index H1 2015 | 9 M&A trends in sectors Last year there was a strong rebound in deal Dealmaking in the consumer business sector values across all sectors. TMT led the way also picked up in 2014 with a total of $411 with $559 billion worth of announced deals billion worth of deals announced, an increase and this trend seems likely to continue in of 37% over 2013. Since the beginning of 2015. So far this year, $123 billion worth of this year nearly $81 billion worth of deals deals have been announced, outpacing all have been announced and with many other sectors. consumer business companies reviewing their portfolio and divesting non-core assets, we expect a strong H1 for this sector. Figure 9. Global deal values by target sector ($bn), 2013-15 YTD Deal values ($bn) 600 559 471 493 500 411 400 342 367 301 314 327 311 285 300 192 171 165 200 123 81 56 82 61 100 40 51 0 Consumer Energy & Financial Life Sciences Manufacturing Real Technology, Media Business Resources Services and Healthcare Estate and Telecomms 2013 2014 2015 YTD Source: Deloitte analysis based on data from Thomson One Banker

H1 2015 | The Deloitte M&A Index Page 7 Page 9