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## Non-controlling Interests 

Interests of co-investors in net assets are comprised of three components: participating equity interests, participating interests held by other investors in funds that are treated as liabilities for accounting purposes, and non-participating preferred equity issued by subsidiaries. 

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1. Non-controlling interests in deconsolidated capitalization of the listed issuer shown separately from non-controlling interest in entities consolidated by the listed issuers 

## Common Equity 

## Issued and Outstanding Shares 

Changes in the number of issued and outstanding Class A shares for the past two years are as follows: 

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1. Includes management share option plan and restricted stock plan 

2. Includes management share option plan and escrowed stock plan 

We repurchased 8.8 million Class A shares during 2013 for $314 million of which 4.1 million shares ($150 million) are in respect of long-term share ownership programs issued to employees. 

