To require divestiture of current investments in Iran, to prohibit future investments in Iran, and to require disclosure to investors of information relating to such investments.

OECD A/C Agreement, Russia WTO Reform of Export Licensing System; Market Access in Vietnam; Economic Sanctions Legislation HR 1, HR 957, HR 1400; IEEPA Penalties S 1612; China Dual-Use Licensing Policy; Export Controls/Economic Sanctions Various; Syria Sanctions HR 2332; Foreign Investment S 1610, HR 556; Iran Sanctions/Divestiture S 970, HR 1400, HR 1357, HR 957; Turkey and Armenia SRes 65, SRes 106, HRes 106; China Currency S 1677; Trade Penalties S 1612; Arms Sales and Licenses; USG Advocacy/Engine Sales;

Client expense: $2,212,950 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Defense, Dept of (DOD), Environmental Protection Agency (EPA), Executive Office of the President (EOP), Export-Import Bank of the United States (EXIM Bank), Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Aeronautics & Space Administration (NASA), SENATE, State, Dept of (DOS), Transportation Security Administration (TSA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR)

below) relating to the application of U.S. law outside the United States, cross-border funds transfers, international sanctions, and issues relating to the implementation of such regulations listed below: S. 473, Combating Money Laundering and Terrorist Financing Act of 2007 H.R. 957, Iran Sanctions Act Amendments H.R. 1357, Iran Divestiture Act H.R. 1400, Iran Counter-Proliferation Act of 2007 H.R. 2312, Syria Accountability and Liberation Act H.R. 2347 and S. 1430, Iran Sanctions Enabling Act of 2007 S. 1612, International Emergency Economic Powers Enhancement Act USA Patriot Act, Pub. L. No. 107-56, final rules implementing section 312 Basel I-A and Basel II, notices of proposed rulemaking at 71 Fed. Reg. 55,830; 71 Fed. Reg. 77,446 Cross Border Funds Transfer, notices and requests for comment at 71 Fed. Reg. 14,289; 71 Fed. Reg. 35,564 It is anticipated that for the foreseeable future matters of interest will concern these and related topics. Legislative and regulatory issues of significance to international banks operating in the United States and matters of U.S. law affecting international banks located outside the United States that conduct business with entities and individuals in the United States and matters of interest to the Swiss financial center. During the period, topics of interest have included legislation (listed

Client expense: Not reported · Firm income: $80,000

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

H.R. 1357 - To require divestiture of current investments in Iran, to prohibit future investments in Iran, and to require disclosure to investors of information relating to such Investments

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE