NBK Capital 2015

Real Estate – Mazaya

December 21, 2015

nbkcapital.com | 6

RISK AND RECOMMENDATION GUIDE*

RECOMMENDATION

UPSIDE (DOWNSIDE)

BUY

MORE THAN 15%

HOLD

BETWEEN -15% AND 15%

SELL

LESS THAN -15%

RISK LEVEL

LOW RISK

HIGH RISK

*In exceptional situations, the analyst can exercise discretion and assign a recommendation for a stock which differs from the one indicated by the bands.

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