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Bloomberg, L.P. and Financial Data Services
On July 17, 2008 the Company announced that it had completed the sale of its 20% ownership stake in
Bloomberg, L.P. to Bloomberg Inc., for approximately $4.4 billion, and as part of this transaction had
entered into a long-term service agreement. As consideration for the sale of its interest in Bloomberg L.P.,
Merrill Lynch received notes issued by Bloomberg Inc. (the general partner and owner of substantially all
of Bloomberg L.P.) with an aggregate face amount of approximately $4.3 billion and cash in the amount of
approximately $110 million. The notes represent senior unsecured obligations of Bloomberg Inc. The notes
consist of fixed-rate and floating-rate tranches and both tranches have maturities of 10 to 15 years. The
notes accrue interest at market rates.

Excerpt from page 68 of the recent MER 10Q