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Wells Fargo Securities, LLC Economics Group <br />Diane Schumaker -Krieg Head of Research (704) 7 - 8437 diane.schumaker @wellsfargo.com <br />& Economics (212) 214 -5070 <br />Paul Jeanne Associate Director of (443) 2 63 - 6534 paul.jeanne @wellsfargo.com <br />Research & Economics <br />John E. Silvia, Ph.D. <br />Chief Economist <br />(704) 374 - 7034 <br />john.silvia @wellsfargo.com <br />Mark Vitner <br />Senior Economist <br />(704) 383 <br />mark.vitner @wellsfargo.com <br />Jay Bryson, Ph.D. <br />Global Economist <br />(704) 383 - 35 1 8 <br />jay.bryson @wellsfargo.com <br />Scott Anderson, Ph.D. <br />Senior Economist <br />(612) 667 -9281 <br />scott.a.anderson @wellsfargo.com <br />Eugenio Aleman, Ph.D. <br />Senior Economist <br />(704) 715 -0314 <br />eugenio.j.aleman @wellsfargo.com <br />Sam Bullard <br />Senior Economist <br />(704) 383 <br />sam.bullard @wellsfargo.com <br />Anika Khan <br />Economist <br />(704) 7 - 0575 <br />anika.khan @wellsfargo.com <br />Azhar Iqbal <br />Econometrician <br />(704) 383 -6805 <br />azhar.igbal @wellsfargo.com <br />Ed Kashmarek <br />Economist <br />(612) 667 -0479 <br />ed.kashmarek @wellsfargo.com <br />Tim Quinlan <br />Economist <br />(704) 374 <br />tim.quinlan @wellsfargo.com <br />Michael A. Brown <br />Economist <br />(704) 715 -0569 <br />michael.a.brown @wellsfargo.com <br />Tyler B. Kruse <br />Economic Analyst <br />(704) 715 -1030 <br />tyler.kruse @wellsfargo.com <br />Joe Seydl <br />Economic Analyst <br />(704) 715 -1488 <br />joseph.seydl @wellsfargo.com <br />Sarah Watt <br />Economic Analyst <br />(704) 374 - 7 1 4 2 <br />sarah.watt @wellsfargo.com <br />Wells Fargo Securities Economics Group publications are produced by Wells Fargo Securities, LLC, a U.S broker - dealer <br />registered with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the <br />Securities Investor Protection Corp. Wells Fargo Securities, LLC, distributes these publications directly and through <br />subsidiaries including, but not limited to, Wells Fargo & Company, Wells Fargo Bank N.A, Wells Fargo Advisors, LLC, <br />and Wells Fargo Securities International Limited. The information and opinions herein are for general information use <br />only. Wells Fargo Securities, LLC does not guarantee their accuracy or completeness, nor does <br />Wells Fargo Securities, LLC assume any liability for any loss that may result from the reliance by any person upon any <br />such information or opinions. Such information and opinions are subject to change without notice, are for general <br />information only and are not intended as an offer or solicitation with respect to the purchase or sales of any security or <br />as personalized investment advice. Wells Fargo Securities, LLC is a separate legal entity and distinct from affiliated <br />banks and is a wholly owned subsidiary of Wells Fargo & Company © 2011 Wells Fargo Securities, LLC. <br />SECURITIES: NOT FDIC - INSURED /NOT BANK - GUARAN'T'EED /MAY LOSE VALUE <br />Attachment number 1 <br />1 -1 Page 617 <br />