The Deloitte M&A Index Q3 2015 | 11 Notes: In this publication, references to Deloitte are references to Deloitte LLP, the UK member firm of DTTL. About the Deloitte M&A Index The Deloitte M&A Index is a forward-looking indicator that forecasts future global M&A deal volumes and identifies the factors influencing conditions for dealmaking. The M&A Index is created from a composite of weighted market indicators from four major data sets: macroeconomic and key market indicators, funding and liquidity conditions, company fundamentals, valuations. Each quarter, these variables are tested for their statistical significance and relative relationships to M&A volumes. M&A volumes include M&A transactions for majority/remaining interest, minority stake purchases and leveraged buyouts. As a result, we have a dynamic and evolving model which allows Deloitte to identify the factors impacting dealmaking and enable us to project future M&A deal volumes. The Deloitte M&A Index has an accuracy rate of over 90% dating back to Q1 2008. About the authors Sriram Prakash and Irina Bolotnikova are the UK Deloitte Insight team for M&A, based in London. Haranath Sriyapureddy, Sukeerth Thodimaladinna and Jugal Rajeshkumar Limbachiya are research analysts in the Client Research Center, at DTTL. The team would like to thank Abhimanyu Yadav for his contribution in production of the M&A Index.

Q3 2015 The Deloitte M&A Index Page 10 Page 12