Bank of America Investment Banking Pitch Book slide image

Bank of America Investment Banking Pitch Book

RHOLTM Volume Trading Overview Over last 12 months, approximately 59% of RHO's shares have traded above $17.00 per share and, since BOREAS' 1/19/16 acquisition proposal announcement, such shares have traded in narrow band of between $17.00 and $18.00 per share Current (2/2/16) 52-Week Intraday High 52-Week Intraday Low 52-Week Closing High Veek Closing Low Since 1/15/16 4¹3 30-Day Prior to ( 90-Day Prior to 180-Day Prior to (21 1 Year Prior to 736 [13 $13.00 $14.00 1% of Total 2% of Float 6,132 Moving Prem/Disc Average Daily Average to Current Volume ('000) $17.59 1,302 $14.60 300 $15.94 277 $16.50 227 $17.06 221 $14.00-$15.00 9% of Total 16% of Float (16.9%) (9.3%) (6.2%) (2.9%) 10,844 $15.00 $16.00 $17.58 $20.02 $12.79 16% of Total 29% of Float $19.95 $13.12 Total Shares Traded Last 12 Months 9,354 $16.00-$17.00 14% of Total 25% of Float LTM Trading Volume Source: FactSet as of February 2, 2016. Note: Represents Volume Traded in Closing Stock Price Range, thousands of shares 11/0 Based on trading days (not calendar days). 29,335 $17.00-$18.00 45% of Total 79% of Float 8,062 $18.00-$19.00 12% of Total 20% of Float Preliminary, Subject to Further Review and Revision Bank of America Merrill Lynch 67mm 2,134 $19.00-$20.00 3% of Total 6% of Float Volume Since BOREAS Announcement Shares Traded Since Announcement (1/19/16) 14mm 0 2,201 0% of Total 0% of Float 9,807 2,313 0 $17.00-$17.25 $17.25-$17.50 $17.50-$17.75 $17.75 $18.00 $18.00-$18.25 15% of Total 68% of Total 16% of Total 0% of Total 6% of Float 26% of Float 6% of Float 0% of Float
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