Couv BOOK v2-vct.pdf 1 22/02/11 22:26

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1 Couv BOOK v2-vct.pdf 1 22/02/11 22:26

2 PART 1 Backgrounder

3 BACKGROUNDER The mission of Paris EUROPLACE, a non-for-profit organisation created in 1993, is to develop and further modernize the Paris financial market and promote its key advantages at the regional, European and international level. Paris EUROPLACE, which today gathers 150 member institutions, brings together a multiplicity of players in the financial industry: corporate issuers, financial intermediaries, asset management companies, law and accounting firms and consultancies all of which participate to the association s actions and activities. Web Site: The Paris marketplace is well positioned for a post-crisis environment Paris has been resilient during the financial crisis primarily because of three main factors: French financial services benefit from efficient government regulation; diversification supports the French universal banking model; and France has a strong asset management pool, second in the world in size behind the US France has established a Prudential Control Authority, merging its Banking Commission and the Insurance Authorities, in effect creating a twin-peaks regulatory organization and improving efficiency and visibility of its regulatory environment. France offers an efficient market infrastructure that disseminates prices, brings buyers and sellers together, ensures that their obligations to each other properly are discharged, and provides a regulatory structure that underpins the process before, during and after the trade. Paris has enhanced its role as a center for global finance and investment NYSE Euronext is the world s largest stock exchange and its exchange in Paris is the largest in Europe, as measured by the value of equity trading and more than 200 companies listed in its European branch are non-european Paris EUROPLACE maintains close dialog with international financial centers in Russia and Asia, with Memorandum of Understanding agreements with Dubai, Qatar, Moscow, Almaty, Shanghai and anticipated agreements with Abu Dhabi, as Paris EUROPLACE believes a global crisis requires global solutions, cooperation and exchange Paris is very open: International investors hold 43% of equities listed in France, and Paris is second only to London in terms of a presence for international banks and financial institutions in Europe Paris attracts international talent in all areas of global finance

4 Paris is the leading corporate bond market in Europe, and through an active secondary bond platform known as Cassiopeia, it now has a fully transparent process for Euro corporate bonds issuance With 2.6 trillion under management, Paris hosts the second largest funds industry in the world after the US: Paris is home to more than 590 asset management firms, offering more than 11,300 funds to investors, and in 2009, France accounted for 21% of all funds under management in Europe (Germany is second with 18%, with UK third at 17%) Paris offers long-term savings tools through its international banks, particularly attractive to Sovereign Funds and international long-term investors The French funds industry has several core areas of excellence: commercial paper (with liquidity provided by the European Central Bank), financial research, project finance innovation, OTC derivatives, retail banking, investment banking (custody services and fund management), and distribution of financial and insurance/reinsurance products Four French asset management companies (AMUNDI, AXA Investment Managers, BNP Paribas Asset Management and Groupama AM) are among the 20 largest world players, with strong positions in Asia and three of its international banks are among the Top 20 in total assets (BNP Paribas, Crédit Agricole and Société Générale); Two of its insurance companies AXA and CNP are among the world s 10 largest insurers More than 70 innovation clusters fuel research & development, with participating companies launching 2,000 projects since 2005, engaging more than 10,000 scientists with non-french-based companies involved in nearly 500 sites with 173,500 employees Paris supports corporate financing for young innovative companies and through the Paris FINANCE INNOVATION initiative, France hopes to build industrial partnerships between French and international small- and medium-sized enterprises, offering opportunities for international private equity investment With BlueNext, Powernext and Metnext, Paris is the world leader in environmental finance having established the first commodities market of the 21 st Century and Paris also is a leading hub for socially responsible investing with more than 200 established funds Paris thrives as a center for global business France is world s fifth largest national economy and second largest in Europe (behind Germany); it is the world s third largest destination for foreign direct investment (behind US and UK); and is the world s fifth largest exporter for services Paris is home to 27 Global 500 companies trailing Tokyo (51) and ahead of Beijing (26), New York (18), and London (15) 15 France-based companies are world leaders in their respective industries (Fortune Global 500, 2009)

5 PART 2 Calendrier Prévisionnel Planning

6 Rencontres Financières Internationales de Paris EUROPLACE : Calendrier Prévisionnel 2011 Paris EUROPLACE International Financial Forums : Planning 2011 New York, le 18 avril / April, 18th Paris, les 5 & 6 juillet / July, 5th & 6th Tokyo, le 28 novembre / November, 28th Singapour, le 30 novembre / November, 30th D autres destinations telles que Sao Paulo, Mumbai, Istanbul sont à l étude et seront validées en fonction de l intérêt des membres de Paris EUROPLACE. Other destinations such as Sao Paulo, Mumbai, Istanbul are currently being considered and will be confirmed according to Paris EUROPLACE s members wishes.

7 PART 3 Paris EUROPLACE Rencontres Financières Internationales International Financial Forums 2010

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9 Paris EUROPLACE - DIFC Wednesday, December 15 th 2010 The Dubai-Paris Partnership: Facing a Multi-polar World Venue DIFC Conference Center, Dubai, UAE 8:00 Welcome & Registration 9:00-9:15 Welcome Address: Dr. Nasser SAIDI, Chief Economist and Head of External Relations, DIFC Authority Arnaud de BRESSON, Chief Executive, Paris EUROPLACE 9:15 10:15 Plenary Session: Financial Centers in a Multi-Polar World In a multi-polar world and with the emergence of the BRIC countries, financial centers are facing new challenges to accompany economic growth. Financial centers should aim at building a global network and at developing an ongoing dialog ensuring a regulatory convergence, in order to serve the final purpose of efficiently financing the real economy. 10:15 10:30 Coffee break - Arnaud de BRESSON, Chief Executive, Paris EUROPLACE - Fahima Al BASTAKIYA, Senior Vice-President, Market Development, DUBAI FINANCIAL MARKET - Christian LAINE, Special advisor for the Middle East, Amundi - Pierre MENET, Managing Director, Société Générale - Structured Capital Finance - Dr. Nasser SAIDI, Chief Economist and Head of External Relations, DIFC Authority 10:30 11:30 Round Table 1: G20 Agenda - New Regulations: What Impact for Regulators and for the Industry? (Co-organized with European Institute of Financial Regulation) 1/ How do National regulators interact with increasingly influent global regulatory bodies, such as the Financial Stability Board? 2/ What are the propositions on the European market, and how do they fall under various European jurisdictions? How do they compare with emerging markets and Dubai trends? - Sophie BARANGER, Director of Accounting Affairs, French Market Authority (AMF)

10 - Dr. Ryan LEMAND, Economic Advisor and Head of Risk Management, Emirates Securities & Commodities Authority - Sylvie MATHERAT, Director Financial Stability, Banque de France - Pierre MENET, Managing Director, Société Générale - Structured Capital Finance - Prasanna SESHACHELLAM, Director, Supervision, DFSA Moderator: Edouard-François de LENCQUESAING, Chief Executive, European Institute for Financial Regulation 11:30-12:30 Round Table 2: Structured Finance : Asset Based Finance and Covered Bonds Two Way Opportunities How the French Covered Bond and Islamic Finance Regulation is an Opportunity for GCC Investors and Borrowers? (Co-organized with Société Générale - Structured Capital Finance) 1/ The French public infrastructure and home-loans markets offer high quality collateral assets. French Covered bonds give international investors a privileged access to secured French property and infrastructure projects as well as Sovereign credit. 2/ The UAE are undergoing a dramatic economic expansion, driven by a farreaching economic diversification strategy. Projects long term financing is a key issue for the region. It can be achieved through structured finance deals and covered bonds could be one the tools in the box to help long term funding. 3) Opportunities for French Issuers to tap the Islamic Finance market? Perception of the French Regulation vs. Traditional Structures - Thierry DISSAUX, Chief Executive Officer, French Deposits Guarantee Fund, and Former Special Adviser for Financial Affairs, French Treasury - Pierre MENET, Managing Director, Société Générale - Structured Capital Finance. - Tim ROSS, Attorney at Law, Partner, Latham & Watkins - Mohammed Moyn UDDIN, Executive Director, Al Waha Capital PJSC 12:30-13:30 Round Table 3: Islamic Finance New Opportunities in France (Co-organized with CMS Bureau Francis Lefebvre and HSBC) The French government and market authorities have shown a lasting commitment towards French regulatory environment opening to Islamic finance. With the toolbox being ready, investors and issuers still have to get a better understanding of the French market and its opportunities. - Ahsan ALI, Head of Islamic Origination, Standard Chartered Bank - Michel COLLET, Attorney at Law, Partner, CMS Bureau Francis Lefebvre - Thierry DISSAUX, Chief Executive Officer, French Deposit Guarantee Fund, and Former Special Adviser for Financial Affairs, French Treasury - Iza KAMALUDIN, Associate Director, Debt Capital Markets, HSBC Amanah - Malachy McALLISTER, Head of Global Banking, HSBC France 13:30-13:40 Closing remarks by Arnaud de BRESSON 13:40-14:30 Buffet Lunch

11 Paris EUROPLACE International Financial Forum 2010 / DIFC Dubai «The Dubai-Paris Partnership: Facing a Multi-polar World» Wednesday, December 15, 2010 Paris, Dubai, December 15, 2010 PRESS RELEASE Paris EUROPLACE, the association representing the global finance, investment and related business community of Paris, France and Dubai International Financial Centre (DIFC), the UAE-based financial and business centre and gateway between the Middle East, Africa and South Asia region (MEASA) and the world, have jointly organized today their first International Paris EUROPLACE Financial Forum in Dubai. This event is being held following a Memorandum of Understanding signed between DIFC and Paris EUROPLACE in January 2009 to strengthen the links between the two financial market places. In the context of the French presidency of G20 in 2011, this one-day event titled "The Dubai-Paris Partnership: Facing a Multi-polar World" has seen senior representatives of both Dubai and Paris financial centres participate in a meaningful debate and discussion. Dr. Nasser Saidi, Chief Economist and Head of External Relations, DIFC Authority, and Arnaud de BRESSON, Managing Director, Paris EUROPLACE have jointly opened the Forum. Arnaud de BRESSON has highlighted the dynamic role played by Paris EUROPLACE in the European and international discussions to set up a new post-crisis international financial architecture. More specifically, in the current context, he has stressed the strong political will amongst the European Union Member States to preserve and reinforce European monetary union. He has underlined that European governments are committed to reduce budget deficits with penalties in case of failure, to increase the European stability fund and to create new mechanism for sovereign debt restructuring. As the Paris marketplace has proved more resilient in the financial crisis than many other financial centers, it is well positioned to facilitate the access to GCC (investors and issuers) to all the opportunities offered by the Euro markets said Arnaud de Bresson, Managing Director of Paris EUROPLACE. Paris financial center benefits from diversified portfolio of activities: - a booming stock market with the presence of NYSE Euronext (the leading stock exchange in the world in terms of market capitalization and trading volumes), - a leading position in Europe for corporate bonds (with 35% of total issuance) - the strength of its asset management pool: with 2,610 billion under management, Paris ranks n 2 in

12 the world in investment funds - a strong presence of international investors (40% hold Paris equity markets) Furthermore, Paris financial center offers new promising post-crisis opportunities in: - covered bonds which offer high return and low volatility to institutional investors, - long-term savings, to attract long-term investors, including Sovereign Funds, - commodities and environmental finance, - Islamic finance: Paris EUROPLACE has played a leading role in developing the positioning of Paris in Islamic finance with development of Sharia compliant investment funds, the organization of favorable regulatory environment to issue Sukuk and the welcoming of Islamic banks in Paris. Thierry DISSAUX, Special adviser for financial affairs at the French Treasury, has announced the approval during the AAOIFI annual Sharia board meeting, of Sukuk structures governed by French law which will soon be available on the marketplace. Last, Mr. de BRESSON has focused on the benefits driven from the MoU signed between Paris EUROPLACE and DIFC which aims to reinforce cooperation between the two marketplaces. The MoU that we signed end at developing exchanges of information on financial regulation, enhancing links in financial education for market professionals, developing cross initiatives in Islamic finance as well as joint financial forums in Dubai and Paris. Malachy McALLISTER, Head of Global Banking, HSBC France, has underlined the assets of the Paris financial marketplace to attract Islamic Finance: - Important players in key sectors: energy, communications, transportation and a good quality of corporate debt - Good reservoir of very clever and competent skills as HSBC which is an important player in Paris has testified - Recognized expertise in real assets which is key for Islamic finance - French government has a very important approach to organize Islamic finance and French legal system can provide a robust framework - France has a very ethical approach to regulation Dr Nasser Saidi emphasized the increasing importance of emerging markets as they have become the main engine of world growth during the last two years while advanced economies experienced a deep contraction, unseen since the Great Depression. He explained that the tectonic shift of the world economy towards the East is highlighted by the new role of emerging markets which contributed for more than two-thirds to global economic growth since 2002, as well as a similar share of both the growth in world trade and foreign direct investment. He also pointed out that most foreign direct investments (FDI) are now South South, with the Middle East being the second fastest growing region in the world for FDI. He further underscored that emerging economies have developed an endogenous capacity to grow decoupling from mature economies. Dr Saidi has then stressed the need of emerging financial centres to cooperate and build a stronger and more sustainable network across the world for the benefit of all stakeholders, especially after the recent global financial crisis gave rise to a multipolar world. He said that the crisis will contribute to the demise of the hub-spoke financial markets model centered on London and New York and give impetus to a transition to a decentralized model, which will prevent the enormous accumulation of savings in just one or two financial centres. He explained that the world now needs a new international financial architecture of networked financial markets which provides a more stable and sustainable spider web structure based on the new economic geography. He highlighted that the emerging spider-web nodes all have names ending in ai : Dubai, Mumbai and Shanghai.

13 Dr Saidi illustrated the latest IMF GDP figures for the GCC, showing how the region continues to grow even during the last two years. He also gave an example of how the DIFC with its state of the art regulatory framework, judicial system, and modern physical infrastructure, was able to contribute positively Dubai's economy resilience and how it enables the Gulf region to manage and control its natural and financial wealth. Dr Saidi then confirmed the deep commitment of both the DIFC and Paris Europlace to developing economic co-operation between and initiating a continuous dialogue to share knowledge and expertise. He pointed out that the DIFC would like to work with Europlace to set up the legal and regulatory framework for Shariah compliant products and services in France and continental Europe, and gave an example where the DIFC would be able to facilitate the issue and listing of Sukuk and other Shariah compliant securities by French companies and by the Government of France. Dr. Saidi emphasized that the DIFC has a lot to offer the French business community and was confident in the success of the partnership. He explained that the DIFC is located in the heart of the United Arab Emirates, which has a safe, secure, economically, politically and socially stable environment with superb infrastructure and a highly skilled, educated and multi-cultural workforce.with its deep pool of wealth, the region offers an exciting opportunity for French companies seeking to grow, with the DIFC constituting their ideal launch platform. - Ends For further information on the 2010 Dubai/Paris EUROPLACE Financial Forum, please visit the website: About the DIFC The Dubai International Financial Centre (DIFC) is an onshore finance and business hub connecting the Middle East, Africa and South Asia region (MEASA) and the rest of the world. Since its launch in 2004, the DIFC has established a current client base of 780 firms which have registered at the Centre, including 16 of the world s largest 20 banking institutions. Thousands of employees operate in an open environment complemented by international regulations, laws and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero percent tax rate on income and profits and no restriction on capital convertibility or profit repatriation. In addition, the DIFC s clients benefit from modern infrastructure, operational support services and business continuity facilities. About Paris EUROPLACE The mission of Paris EUROPLACE, a non for profit organisation created in 1993, is to develop and further modernize the Paris financial market and promote its key advantages at the regional, European and international level. Paris EUROPLACE, which today gathers 150 member institutions, brings together a multiplicity of players in the financial industry: corporate issuers, financial intermediaries, asset management companies, law and accounting firms and consultancies all of which participate to the association s actions and activities. Paris EUROPLACE also contributes to the competitiveness clusters program, and aims at making the Paris financial market a full-fledged center, thereby confirming its leading position, particularly in asset management and financial research. Web Site : Press Contacts For Paris EUROPLACE: Arnaud de Bresson / Managing Director / Tel / [email protected] / For DIFC: Shaima Omar Al Zarouni / Tel: / [email protected]

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15 1 st French - Russian Financial Forum Moscow, December 9 th 2010 Developing New Cooperation and Business Opportunities between Paris and Moscow Venue: Hotel RADISSON SLAVIANSKAYA, MOSCOW 08:30 09:00 Welcome & Registration 09:00 09:15 Welcome Address by Arnaud de BRESSON, Chief Executive, Paris EUROPLACE 09:15-09:45 Introduction by Gérard MESTRALLET, Chairman and CEO, GDF SUEZ, Chairman, Paris EUROPLACE 09:45 10:15 Keynote Addresses Alexeï KUDRIN, Vice Prime Minister, Ministry of Finance, Russian Federation Christine LAGARDE, French Minister for Economy, Finance and Industry 10:15 11:30 Plenary Session: The Contribution of Finance to the Modernization of the Economy: Areas of cooperation between Paris EUROPLACE and Moscow Financial Center Ronald KENT, Executive Vice President, NYSE Euronext Jean LEMIERRE, Special Advisor to the Chairman, BNP Paribas Jacques Der MEGREDITCHIAN, Chief Business Officer, Troïka Dialog, Chairman of the Board, RTS Bernardo SANCHEZ INCERA, Deputy Chief Executive Officer, Société Générale Sergueï PAKHOMOV, Chairman, Moscow City Debt Committee Jean-Pierre THOMAS, Partner, Lazard Frères Serguey VASILIEV, Deputy Chairman, VEB Moderator: Arnaud de BRESSON, Chief Executive, Paris EUROPLACE Closing Remarks: Arkady DVORKOVICH, Aide to the President of the Russian Federation, Russian Federation

16 11:15 11:30 Coffee Break 11:30-12:45 Parallel Sessions Panel 1 Raising Capital on Europe s Largest and Most Liquid Exchange (organized by NYSE Euronext) Daniel BRAVERMAN, Partner, Cleary Gottlieb Steen & Hamilton Darius DAUBARAS, Director and Head of Russia, CIS and CEE equity capital markets, BNP Paribas Ronald KENT, Executive Vice President, NYSE Euronext Panel 2 VEB and CDC Cooperation in Financing Projects: New Challenges for Long Term Investors (organized by Caisse des Dépôts) Christian BADAUT, International Affairs Advisor, Caisse des Dépôts Long terms Investors Challenges in PPP Financing Vladimir SIDOROV, PPP director, Vnesheconombank Paul-Marie RINGWALD, Head of International Affairs, Egis, Caisse des Dépôts Innovative SME S financing Mikhail KOPEIKIN, Deputy Chairman, Vnesheconombank Jean-Jacques YARMOFF, International Partnership Director, OSEO Panel 3 Fuelling the Corporates' Drive for Growth in Russia (organized by Société Générale) Russia s Macroeconomic Prospects: Growth, Investments, Savings Mikhail ERSHOV, Senior Vice-President, Rosbank Russia s Strategic Sectors as Growth Drivers and Investment Centres Andrey KLEPACH, Deputy Minister, Ministry of Economic Development, Russian Federation Together Through the World Crisis and Beyond: Renault-Avtovaz a prominent French-Russian Strategic Business Partnership Maxime BONITEAU, Director of Plan & Strategy, Renault Russia Eduard VAINO, Vice-President/External relations, Avtovaz Development of the Russian and International Derivatives Market: Facilities and Experience from Société Générale Group as a Global Leader Jurgen GRIEB, Head of SGCIB Russia, Rosbank Moderator: Vladimir GOLUBKOV, CEO, Rosbank

17 12:45 14:00 Lunch 14:00 15:15 Parallel Sessions Panel 4 For A Secured Post Crisis Environment, The Market infrastructures and Securities Law Issues : Share of experiences (organized by European Institute for Financial Regulation) Sébastien COCHARD, Public Affairs, Strategy and Corporate Development, BNP Paribas Securities Services Evgueniy ELLINSKIY, Vice President and Member of the Executive Board, MICEX Rostislav KOKOREV, Deputy Director, Corporate Governance, Minister for Economic Development Philippe LANGLET, Head of Legal, Société Générale Vladimir MILOVIDOV, Chairman, Russian Federal Financial Market Service Alexey TIMOFEEV, Chief Executive Officer, Naufor Edouard VIEILLEFOND, Managing Director, Regulation Policy & International Affairs Division, AMF Moderator: Edouard de LENCQUESAING, Managing Director, European Institute for Financial Regulation Panel 5 Long Term Financing in Russia and Europe (organized by BNP Paribas) Sergey AVRAMOV, General Counsel, BNP Paribas Group Russia, Member of the Management Board, BNP PARIBAS ZAO Laurent COURAUDON, Head of Country, BNP Paribas Group Russia, President, BNP PARIBAS ZAO Sven DE SMET, Head of Acquisitions, Investment and Financial Advisory, GDF SUEZ Sergueï PAKHOMOV, Chairman, Moscow City Debt Committee Panel 6 Legal and Tax Innovation of French Financial Markets for Russian Investors (organized by CMS Bureau Francis Lefebvre) Stéphane AUSTRY, Partner, CMS Bureau Francis Lefebvre, Maxim BULBA, Partner, CMS Russia Stanislav TOURBANOV, Partner, CMS Russia Bruno ZABALA, Senior Associate, CMS Bureau Francis Lefebvre 15:15 15:30 Coffee break

18 15:30 16:45 Parallel Sessions Panel 7 Innovation and Risk Management: Culture & Practices (organized by Finance Innovation) Jean-Christophe BORIES, Director, Riskalis Raphaël DOUADY, Director of Research, co-founder, Riskdata Aleksey MIROSHNICHENKO, Head of Department of Risks of Operations on Financial Markets, GAZPROMBANK Philippe PELE CLAMOUR, Professor, HEC Mikhail POMAZANOV, Vice-Director of Credit Risk Management, Bank Zenit Victor VERESHCHAGIN, President, Association RusRisk Serguey SMIRNOV, Director, Financial Engineering and Risk Management Laboratory at State University Higher School of Economics Moderator: Edouard de LENCQUESAING, Managing Director, European Institute for Financial Regulation Panel 8 France: your Gateway to Europe - Russia : New Opportunities for Investors (organized by Invest in France Agency and CCIFR) Jérôme CLAUSEN, Executive Director, Invest in France Agency Emmanuel QUIDET, Chairman, CCIFR Boris SHAROV, Chief Executive Officer, Doctor Web 16:45 End of the Forum

19 Contact: Arnaud de Bresson, Managing Director Paris EUROPLACE Tel : [email protected] Paris EUROPLACE International Financial Forum «Developing New Cooperation and Business Opportunities between Paris and Moscow» Thursday, December 9 th, 2010 PRESS RELEASE Paris, Moscow, December 9, 2010 Paris EUROPLACE and the City of Moscow held the 1 st French-Russian Financial Forum in Moscow on December 9, Mrs Christine LAGARDE, French Minister of Economy and Finance and Mr Alexey KUDRIN, Vice-Prime Minister, Minister of Finance of Russian Federation have opened together the Forum. Mrs LAGARDE stressed that Financial Services item is becoming one of the central theme of the French Russian economic bilateral relations. For a long time already, the main French industrial groups and financial institutions are investing in Russia, and they are willing to participate and support the project launched by President MEDVEDEV to make Moscow an international financial center. On this occasion and as a concrete example, Caisse des Dépôts and VEB, announced that EGIS (a 100% subsidiary of CDC) and Evraziïski (a particular investment of VEB), have launched a joint venture specialized in engineering and developing PPP and infrastructures projects. In the context of the Project to make Moscow an international financial center and the Memorandum of Understanding (MOU) signed last June between the City of Moscow and Paris EUROPLACE, Paris and Moscow have decided to set up regular and frequent exchanges of information and experiences on financial practices on 6 areas: - Securities legal environment and regulation: the Moscow financial center needs the implementation of a regulatory framework to develop new financial instruments in equity markets, bonds, derivatives et.. Paris will bring its expertise in this area as well as to accelerate training and education between the regulatory Authorities - Debt Management : Paris will bring its expertise in the public debt management as well as the organization and the development of corporate bond markets - Long-term savings: exchange of expertise and recommendations will be accelerated for the development of the insurance sector in Russia, as well as the asset management industry - Market infrastructures: recommendations will be elaborated for a better regulation and the development of new initiatives in terms of depositaries, CCPs and settlement solutions. - New promising sectors: carbon/climate, commodities. Share experiences and promote initiatives.

20 Contact: Arnaud de Bresson, Managing Director Paris EUROPLACE Tel : [email protected] - Research and education : development of exchanges and new initiatives between French and Russian Universities and high schools to develop research in finance ; assistance of Paris EUROPLACE to support the new Risk Management Institute launched by Moscow City. The Forum was also the occasion to express views on key subjects related to the Euro, to the G20 and to the latest development of the Paris financial marketplace. Gérard MESTRALLET, Chairman, Paris EUROPLACE, Chairman & CEO, GDF SUEZ, has highlighted the new perspective for the Euro zone and has presented the Paris EUROPLACE Action Plan, supported by the High Level Marketplace Committee, chaired by Mrs. Christine LAGARDE, French Minister of Economy, Finance and Industry to draw lessons from the crisis and attract new international investors and issuers. * * * The 2010 Moscow/Paris EUROPLACE Financial Forum is co-organized with: Invest in France, BNP Paribas, Caisse des Dépôts, CMS Legal, European Institute for Financial Regulation, GDF SUEZ, Finance Innovation, NAUFOR, NYSE Euronext, Société Générale, and with the kind support of the Economic Department of the French Embassy in Russia. For further information, please visit the website:

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22 SHANGHAI / PARIS EUROPLACE Financial Forum DEVELOPING NEW COOPERATION AND BUSINESS OPPORTUNITIES BETWEEN FINANCIAL CENTERS co-hosted by Shanghai Municipal Financial Services Office and Paris EUROPLACE Shanghai, December 1st, Venue: Hotel Pudong Shangri-La Shanghai, 33 Fu Cheng Lu, Pudong, Shanghai , China 08:00 08:30 Welcome & Registration 08:30 08:35 Introduction by Arnaud de BRESSON, Chief Executive, Paris EUROPLACE 08:35 08:45 Opening Address Gérard MESTRALLET, Chairman & CEO, GDF SUEZ, Chairman, Paris EUROPLACE 08:45 09:30 Keynote Addresses Central Banks: DU Jinfu, Deputy Governor, People s Bank of China (PBoC) Jean-Paul REDOUIN, Deputy Governor, Banque de France Markets Authorities : Jean-Pierre JOUYET, Chairman, French Financial Markets Authority (AMF) YAO Gang, Vice-Chairman, China Securities Regulatory Commission (CSRC) 1

23 09:30 09:45 Tea Break 09:45 10:00 Special Address: TU Guangshao, Vice Mayor of Shanghai 10:00 11:00 Plenary Session 1: The G20 Regulatory Reforms: Markets Professionals Viewpoint Francis AILHAUD, Chief Executive Officer, Groupama Asset Management, Vice- Chairman, French Asset Management Association (AFG) Benoit COEURE, Deputy Director-General, Directorate General of the Treasury, France FANG XingHai, Director-General, Office of Financial Services, Shanghai Municipal Government Pierre de LAUZUN, Director General Delegate, French Banking Federation (FBF), Chief Executive Officer, AMAFI LIAN Ping, Deputy Director-General, Development and Research Department, China Banking Association, Chief Economist, Bank of Communications LIU Xiaodong, Executive Vice President, Shanghai Stock Exchange Moderator: Arnaud de BRESSON, Chief Executive, Paris EUROPLACE 11:00 12:00 Plenary Session 2: The Modernization of Economy: Contribution of Finance to Infrastructures Projects Jean-Louis CHAUSSADE, Chief Executive Officer, SUEZ Environnement David GARDNER, Managing Director, Global Head of Project Finance, HSBC Francisco de PAULA COELHO, Director for Lending Operations in Asia, European Investment Bank Laurent VIGIER, Director International and European Affairs, Caisse des Dépôts WANG Kaiguo, Chairman of the Board, Haitong Securities Bruce WELLER, Regional Head of Project Finance for Asia Pacific, BNP Paribas ZONG Liang, Deputy General Manager, Strategic Development Department., Bank of China Moderator: Bernard POIGNANT, China Special Advisor, Paris EUROPLACE 12:00 12:30 Pre-Luncheon Cocktail 12:30 14:00 LUNCHEON sponsored by GDF SUEZ 2

24 14:00 15:15 Parallel Sessions >Session 1 Investment Opportunities in France and in Europe (organized by Caisse des Dépôts) Thierry DANA, Chairman, TD Conseil Stéphane PALLEZ, Deputy CFO, France Telecom Laurent VIGIER, Director International and European Affairs, Caisse des Dépôts >Session 2 Investment Opportunities in China (organized by BNP Paribas) a. Chinese Onshore Bond Markets Mark ADAMS, Head of Debt Capital Markets Asia Pacific, BNP Paribas b. How Chinese Institutions Could Better Benefit from the QFII Scheme? CHEE Seng Lok, Director of Global Fund Services in Asia, BNP Paribas GE Yin, Lawyer, Clifford Chance WANG Hui, Head of Global Custodian Team, Bank of China ZENG Jing, Head of Asset Custody China, BNP Paribas >Session 3 "How Finance Should Adapt to the New Economic Deal between China and Europe (organized by HSBC) Benoit COEURE, Deputy Director-General, Directorate General of the Treasury, France Thierry DUFOUR, Chief Executive Officer, Compagnie de Financement Foncier Philippe HENRY, European Head of Corporate Banking, HSBC Gordon LAM, Head of Global Banking China, HSBC Benoit LE CHATELIER, General Manager, Rexel China Malachy Mc ALLISTER, Head of Corporate Banking, HSBC France 15:15 15:30 Tea Break 15:30 16:45 Parallel Sessions >Session 4 Strategic Benefits for Chinese Companies to Be Listed on NYSE Euronext Paris (organized by Invest Securities and JeantetAssociés) Jean-François ADELLE, Partner, JeantetAssociés Nicolas GOETZ, Partner, JeantetAssociés Elaine HUANG, Partner, TransAsia Lawyers Christine LAMBERT-GOUE, Managing Director China, Invest Securities Emmanuel MERIL 3

25 >Session 5 Trends of Interest Rates and its Impacts on Asian Markets and on Commodities (organized by the Royal Bank of Scotland) Jacques CAILLOUX, Chief Economist Europe, The Royal Bank of Scotland Eric GUETTA, Senior Relationship Banker, The Royal Bank of Scotland Emil WOLTER, Head of Regional Strategy, Asian Equities, Global Banking & Markets, The Royal Bank of Scotland Asia >Session 6 How to Make Successful Private Equity Investments in China and in Europe?" (organized by La Compagnie Financière Edmond de Rothschild) Moling CHEN, Managing Director, Edmond de Rothschild China Limited Pierre-Yves POIRIER, Partner, Edmond de Rothschild Investment Partners 16:45 18:00 Parallel Sessions >Session 7 Sovereign Wealth Funds: a New Form of Investing (organized by Institut Louis Bachelier (ILB)) Jean-Michel BEACCO, Chief Executive Officer, Institut Louis Bachelier (ILB) Laurent VIGIER, Director International and European Affairs, Caisse des Dépôts >Session 8 The Shanghai International Board: the Case for Ensuring a Robust and Safe Securities Holding System (organized by European Institute for Financial Regulation (EIFR)) Lawrence AU, Head for Asia-Pacific, BNP Paribas Securities Services Antoine de LA GATINAIS, Partner, Gide Loyrette Nouel - Shanghai Office Antoine MAFFEI, Partner, De Pardieu Brocas Maffei 18:00 End of the Forum 4

26 Contact: Arnaud de Bresson, Délégué Général Paris EUROPLACE Tel : [email protected] SHANGHAI / Paris EUROPLACE Financial Forum Shanghai, December 1 st, 2010 Signature of a cooperation agreement between the Shanghai Office of Financial services and Paris EUROPLACE PRESS RELEASE Shanghai, December 1 st, 2010 On the occasion of the first SHANGHAI/PARIS EUROPLACE Financial Forum, the Shanghai Office of Financial Services, which is in charge of the development and promotion of Shanghai s marketplace, and Paris EUROPLACE, the organization promoting the Paris international financial center, have signed a Memorandum of Understanding to develop exchange and cooperation between the two financial centers. Gérard MESTRALLET, Chairman of Paris EUROPLACE, Chairman and CEO, GDF SUEZ declared: It is a great honor for Paris EUROPLACE to lay the groundwork for fruitful cooperation between our two financial marketplaces and their respective participants, and to share our common experiences. The financial crisis imposed us to re-think the fundamental of the globalization of capital markets and of our models. It is crucial in a post-crisis environment to achieve a sustainable growth both in China and in Europe and the development of new ties between our respective financial centers will contribute to that goal. FANG Xinghai, Director of the Shanghai Office of Financial Services, underlined We have a lot to learn from European financial markets, of which those in Paris are outstanding representatives. In addition, Shanghai and Paris have a long-held mutual admiration and certainly the development of the City of Shanghai has been profoundly influenced by the example of Paris. It is therefore a great honor to sign this Memorandum with Paris Europlace. The MOU will focus on 5 areas of cooperation: 1- Sustain the development of Shanghai as an international financial center Paris EUROPLACE will share its experience with the Shanghai Office of Financial Services, as well as its own marketplace model, in the modernization of the Shanghai financial marketplace.

27 Contact: Arnaud de Bresson, Délégué Général Paris EUROPLACE Tel : [email protected] 2- Encourage and facilitate dialogue and exchange between the two financial centers Dialogue and Exchange will be accelerated between the concerned administrations, regulatory authorities, and the financial institutions of both parties. The Shanghai / Paris EUROPLACE Financial Forum will take place on a regular basis in Shanghai and in Paris to enhance the image of the financial centres in both cities and to facilitate meetings between their respective financial institutions, clients and potential partners and regulatory authorities. The Shanghai Office of Financial Services will participate in financial events organised by Paris EUROPLACE and vice-versa. 3- Reinforce cooperation in the field of capital markets The two financial centers will broaden their bilateral cooperation in the stock and bond markets. Paris EUROPLACE will help Chinese companies which seek access to euro financial markets for fund-raising or investments. In parallel, the Shanghai Office of Financial Services will supply necessary help and information to French companies looking to operate on the Shanghai financial market. 4- Foster the implementation of financial institutions in both locations The Shanghai Office of Financial Services and Paris EUROPLACE will strive French and Chinese banks, asset management companies, insurance to locate activities in their respective financial centers and push all initiatives in financial innovation. 5- Boost research and education in Finance The Shanghai Office of Financial Services and Paris EUROPLACE will encourage cooperation projects between their best Universities and research centers. They will promote exchanges between academics, researchers and market professionals in finance, especially in risk management, financial innovation and sustainable financial development. * * * * The Shanghai / Paris EUROPLACE Financial Forum in Shanghai 2010 was organized in partnership with BNP Paribas, Caisse des Dépôts, La Compagnie Financière Edmond de Rothschild, European Institute for Financial Regulation, GDF SUEZ, HSBC, Invest Securities, Institut Louis Bachelier, Cabinet JeantetAssociés, the Royal Bank of Scotland, Société Générale and with the kind support of the Economic Department of the French Embassy in China. More information available on

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29 Tokyo, Monday, November 29, 2010 Positioning the Finance Industry to New Growth Opportunities Venue Imperial Hotel: 1-1, Uchisaiwai-cho - 1-chome Chiyoda-ku- TOKYO Tel.: (813) / Fax: (813) :15 08:45 Welcome & Registration 9:00 9:05 Welcome by Arnaud de BRESSON, Chief Executive, Paris EUROPLACE 9:05 9:15 Opening Address by Gérard MESTRALLET, Chairman, Paris EUROPLACE, Chairman & CEO, GDF SUEZ 9:15 10:00 Keynote Address by Kiyohiko NISHIMURA, Deputy Governor, Bank of Japan & Christian NOYER, Governor, Banque de France 10:00 11:30 Round table: G20 Agenda: Driving Growth in Europe and Japan to Boost Investment Opportunities Introductory Remarks by Benoit COEURE, Deputy Director-General, Directorate General of the Treasury, France & Rintaro TAMAKI, Vice- Minister of Finance for International Affairs, Ministry of Finance Francis AILHAUD, Vice Chairman French Asset Management Association (AFG) & Chief Executive Officer, Groupama Asset Management Dominique CERUTTI, President & Deputy CEO, NYSE Euronext Pierre de LAUZUN, Director General Delegate, French Banking Federation Gérard MESTRALLET, Chairman, Paris EUROPLACE, Chairman & CEO, GDF SUEZ Takumi SHIBATA, Deputy President & COO, Nomura Holdings, Inc Laurent VIGIER, Director of European and International Affairs and Member of the Group Executive Committee, Caisse des Dépôts Moderator: Yoichi TAKITA, Deputy Chief Editorial Writer, Nikkei Inc 1

30 11:30 12:45 Parallel Workshops Workshop 1 "Strategy of Leading French Companies (organized by Nomura Holdings Inc & NYSE Euronext) Introduction by Jérôme CALVET, Co-Chairman & Head of Investment Banking for France, Nomura France Anthony ATTIA, Senior Vice President and Chief of Staff, NYSE Euronext François GUIBERT, Executive Vice President, President Greater China and South Asia Region, STMicroelectronics Catherine GUILLOUARD, Chief Financial Officer, Eutelsat Valérie MAGLOIRE, Head of Investor Relations, Michelin Stéphane PALLEZ, Group Deputy CFO, France Télécom / Orange Anne Sophie RAVIGNON, Director of Financial Communication, GDF SUEZ Workshop 2 Two Years on From the Height of the Crisis - New Trends in Investment (organized by AMUNDI Japan) Scott R. ANDERSON, CFA, Head of Japan Equity Manager Research, Russell Investment Japan Akihiko NISHIOKA, Executive Officer, Asset Management Division, Resona Bank, Ltd Frédéric SAMAMA, Head of Financial Solutions & Head of SWF Research Initiative, Amundi Investment Solutions Americas Moderator: Christian ROMEYER, President, AMUNDI Workshop 3 IFRS Adoption in Japan, A Boost For Overseas Investment (organized by Paris EUROPLACE ) Stéphane AUSTRY, Partner, CMS Bureau Francis Lefebvre Jérôme HAAS, Chairman, French Accounting Standards Authority 13:00-14:30 Luncheon: Special Address by Dominique CERUTTI, President & Deputy CEO, NYSE Euronext Atsushi SAITO, President & Chief Executive Officer, Tokyo Stock Exchange 2

31 Parallel Workshops Workshop 4 Obligations Foncières : The French Business Model of Covered Bonds Security, Transparency and Stability (organized by Compagnie de Financement Foncier, Linklaters, Société Générale CIB) Gilles ENDREO, Partner, Attoney at Law, LINKLATERS LLP Sandrine GUERIN, Deputy CEO, Compagnie de Financement Foncier Pierre MENET, Deputy Chief Executive Officer, Société Générale SCF Workshop 5 Euro Capital Markets - Fixed Income / The New Initiatives Driven by the Paris Marketplace (organized by BNP Paribas) Benito BABINI, Fixed Income Relationship Manager- European Sovereign, BNP Paribas Benoit COEURE, Deputy Director-General, Directorate General of the Treasury, France Stéphane PALLEZ, Group Deputy CFO, France Télécom / Orange Workshop 6 "Sovereign Wealth Funds and Other Long-Term Investors : a New Form of Investing? (organized by Caisse des Dépôts & Institut Louis Bachelier) Jean-Michel BEACCO, CEO, Institut Louis Bachelier Frédéric SAMAMA, Head of Financial Solutions & Head of SWF Research Initiative, Amundi Investment Solutions Americas Laurent VIGIER, Director of European and International Affairs and Member of the Group Executive Committee, Caisse des Dépôts 16: 00 End of Forum 3

32 Contact: Arnaud de Bresson, Managing Director Paris EUROPLACE Tel : [email protected] Paris EUROPLACE International Financial Forum in Tokyo «Positioning the Finance Industry for New Growth Opportunities» Monday, November 29, 2010 PRESS RELEASE Paris, Tokyo, November 29, 2010 Bringing together, each year, over 1,000 delegates from Tokyo s banking and financial community as well as key executives from the Paris financial market, Paris EUROPLACE held its 14 th annual Financial Forum in Tokyo on November 29, 2010 to express its views on key subjects related to the Euro, to the G20 and to the latest development of the Paris financial marketplace. During this event dedicated to "Positioning the Finance Industry to New Growth Opportunities", Gérard MESTRALLET, Chairman, Paris EUROPLACE, Chairman & CEO, GDF SUEZ, has highlighted the new perspective for the Euro zone and has presented the Paris EUROPLACE Action Plan, supported by the High Level Marketplace Committee, chaired by Mrs. Christine LAGARDE, French Minister of Economy, Finance and Industry to draw lessons from the crisis and attract new international investors and issuers. Christian NOYER, Governor, Banque de France opened the forum with Kiyohiko G. NISHIMURA, Deputy Governor, Bank of Japan. Christian NOYER stated that in those circumstances, there is a major role to play for macro prudential policies. For advanced economies, they should aim at spurring credit growth, while increasing the resilience of the financial sector. Supervisors should also stand ready to act if bubble-like phenomena appear in some markets. For emerging economies, measures aimed at stabilizing capital inflows may help and relieve the pressure on domestic financial conditions and prevent further asset bubble. Concerning the Eurozone, Christian NOYER underlined that the euro is a tremendous success: price stability has been delivered and inflation rate has been contained on average below 2%; there is no way back and no interest from the part of any countries of the Eurozone to go back. The present situation is not a crisis of the euro but a sovereign debt crisis linked with the financial crisis, and Europe has addressed this issue with determination. In respect of the G20 agenda, Gérard MESTRALLET highlighted the position of Paris EUROPLACE with the necessity to adjust the new roadmap to economic reality and support long-term growth: - Prudential standards: European financial industry supports the idea to reinforce capital requirements where risk was poorly covered but the entire question remains its calibration. The increase of capital requirements cannot be an objective per se. It must be put in

33 Contact: Arnaud de Bresson, Managing Director Paris EUROPLACE Tel : [email protected] perspective with the required stability model and the right analysis of the risk tolerance, and must be implemented everywhere in a similar mode to preserve the level playing field. - Accounting standards: A limitation of mark to market accounting to trading activities and the use of historical accounting for businesses implying a long term vision would be a much better solution for investors as well as for the management, rather than an exclusive mark to market accounting which further reinforces volatility of financial markets. The new governance of IASB and the discussions about the convergence with the US are a good opportunity to address collectively those important issues. - Risk management: The French financial industry, based on its good resilience during the financial crisis, is particularly hostile to additional new constraints for the so-called systemic financial institutions. Takumi SHIBATA, Deputy President & COO, Nomura Holdings, Inc underlined the attractiveness of the Paris Financial markets center both on short-term money markets by facilitating the access to the liquidity of the Eurosystem and on debt markets with the strong development of the corporate bond segment. France offers a strong and predictable regulation and is an attractive center to implement headquarters in Europe. Senior executives from the Paris and Tokyo financial community have met to present the opportunities for Japanese investors to invest in Paris-based research financial centers, the recent developments in the euro fixed income markets, the strategy of selected European leading companies, the attractiveness of French covered bonds in the current financial environment, the role of asset management in long term investment, how IFRS adoption in Japan will boost overseas Investment and how sovereign wealth funds can be considered as a renovated form of capitalism. * * * The 2010 Tokyo International Financial Forum was co-organized with Amundi, BNP Paribas, Caisse des Dépôts, Compagnie du Financement Foncier, Directorate General of the French Treasury, Institut Louis Bachelier, Nomura France, NYSE Euronext, Linklaters, Société Générale, GDF SUEZ, Groupama Asset Management and the kind support of the French Embassy. Our media partners being Nikkei and BusinessWire Tokyo Coordinating Office c/o Forma Corporation Yu Serizawa Tel: (5570) 6297 Fax: (5570) 6296 [email protected]

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35 Positioning the Finance Industry to New Growth Opportunities Paris, July 6 & 7, 2010 Venue : Pavillon d Armenonville, Allée de Longchamp Paris Main Conference Day 1 Tuesday July 6, :15 Welcome & Registration 08:45 09:00 Opening Address by Gérard MESTRALLET, Chairman, Paris EUROPLACE, Chairman & CEO, GDF SUEZ 09:00 10:30 Round Table 1: 2020 Europe Agenda: Driving Growth in Europe to Boost Investment Opportunities Introduction by Laurence BOONE, Chief French Economist, Barclays Capital - Patricia BARBIZET, Chairman of the Investment Committee, Fonds Stratégique d Investissement - Dominique CERUTTI, President & Deputy CEO, NYSE Euronext - Gérard MESTRALLET, Chairman, Paris EUROPLACE, Chairman & CEO, GDF SUEZ - Michel PERETIE, Chief Executive Officer, Société Générale Corporate Investment Banking - Jean-Paul VILLAIN, Head of Strategy Unit, Managing Director s Office, Abu Dhabi Investment Authority (ADIA) Moderator: Alison SMALE, Executive Editor, International Herald Tribune & New York Times 10:30 10:45 Coffee Break 1

36 10:45 12:15 Round Table 2: G20 Roadmap: How Finance Can Help Rebalance the World Economy? Introduction by Christian NOYER, Governor, Banque de France - Edmond ALPHANDERY, Chairman of the Board, CNP Assurances, Chairman, Euro50 Group - Samir ASSAF, Head of Global Markets, HSBC Group - Jonathan FAULL, Director General, Internal Market and Services, European Commission - Michel PEBEREAU, Chairman, BNP Paribas - Makoto UTSUMI, President & CEO, Japan Credit Rating Agency Moderator: Alison SMALE, Executive Editor, International Herald Tribune & New York Times 12:15-12:30 Cocktail 13:00 14:30 Luncheon chaired by Christine LAGARDE, French Minister of Economy, Industry and Employment 14:30 15:45 Parallel Sessions Panel 1 Exit Strategies and Capital Funding Through IPOs: Are We Back to a Favorable Environment? (organized by AFIC, Mazars, NYSE Euronext) - Xavier BOMMART, Head of Business Development Europe Listing, NYSE Euronext - Eric FOREST, Managing Director, ODDO Corporate Finance, Chairman, Pro Alternext - Thierry GIAMI, Chairman of the Steering Group to Ease Mid Caps Access to Public Markets, Caisse des Dépôts - Pascal IMBERT, Chairman of the Management Board, Solucom, Chairman, Middlenext - Hélène PLOIX, Chairman, Pechel Industries Moderator: Fabrice DEMARIGNY, Partner, Director of Capital Market Activities, Mazars, Attorney at the Law, Marccus Partners 2

37 Panel 2 Financing International Trade and Investment Flows in the Global Economy (organized by HSBC France) - David APPIA, French Ambassador for International Investment and Chairman & CEO, Invest in France Agency - Jean BEUNARDEAU, Head of Global Banking and Markets France, HSBC France - Jérôme CAZES, Chief Executive, COFACE - Benoit COEURE, Deputy Director-General, Directorate General of the Treasury, France - Alain-Pierre RAYNAUD, Chief Financial Officer, AREVA Moderator: Yves de KERDREL, Editor in Chief, Le Figaro 15:45-16:00 Coffee Break 16:00 17:15 Parallel Sessions Panel 3 How to Deal Energy and Electricity in Europe? (organized by EPEX Spot / Powernext SA) Introduction by Jean-François CONIL-LACOSTE, Chief Executive Officer, EPEX Spot SE and Powernext SA - Jean-Marie CHEVALIER, Professor of Economy, Paris Dauphine University, Senior Associated, Cambridge Energy Research Associates - Jean-Christophe CHEYLUS, Head of Trading and Optimization, POWEO - Evariste NYOUKI, Chief Economist, Gaselys - Philippe REDAELLI, Head of Finance, AlpiqMarket West & Alpiq Energie France Panel 4 Covered Bonds The French Business Model: High Quality Assets and a Safe Framework as Key Drivers (organized by BNP Paribas, Compagnie de Financement Foncier, Gide Loyrette Nouel, Société Générale CIB) Introduction by Xavier de KERGOMMEAUX, Loyrette Nouel Partner, Gide - Boudewijn DIERICK, Head of Structured Covered Bonds, BNP Paribas - Paul DUDOUIT, Head of Funding, Crédit Foncier de France - Pierre MENET, Deputy Chief Executive Officer, Société Générale SCF Moderator: Christine Van GALLEBAERT, Partner, Gide Loyrette Nouel 3

38 Panel 5 Regulatory Changes : A Step Forward For Issuers? (organized by L Observatoire de la Communication Financière) - Jean-Claude BASSIEN, Chairman and CEO, Crédit Agricole Cheuvreux - Jacques de GRELING, Co-Chairman, Accounting Working Group and Financial Analysis, French Society of Financial Analysts (SFAF), Analyst, NATIXIS - Chris HOLLIS, Director of Financial Communications, LVMH, Vice President, French Association of Investor Relations (CLIFF) - Philippe KUBISA, Treasurer, L Observatoire de la Communication Financière (OCF), Partner, PricewaterhouseCoopers - Marc LEFEVRE, Head of Cash & Listing France and Head of Listing Client Coverage Europe, NYSE Euronext - Didier MARTIN, General Secretary, L Observatoire de la Communication Financière (OCF), Partner, Bredin Prat - Eliane ROUYER-CHEVALIER, Chairman, L Observatoire de la Communication Financière (OCF), Chairman, French Association of Investor Relations (CLIFF), Executive Vice President, Edenred 17:15 18h30 Round Table 3: Key Advantages of the French Asset Management Industry in the New UCITS IV Environment Special Address by Thierry FRANCQ, General Secretary, French Financial Markets Authority (AMF) and Paul-Henri de LA PORTE DU THEIL, Chaiman, French Asset Management Association (AFG) - Christian BARTHOLIN, Chief Executive, HDF Finance - Alain DUBOIS, Chairman, LYXOR Asset Management - Xavier LEPINE, Chairman, UFG - Yves PERRIER, Chief Executive Officer, AMUNDI - Stéphane PUEL, Partner, Gide Loyrette Nouel Moderator: Philippe MUDRY, Editor in Chief, l AGEFI 4

39 Main Conference Day 2 Wednesday July 7, :15 Welcome & Registration 9:00 10:15 Round Table 4: How to Accelerate the Developments of Sustainable Finance? 10:15 10:30 Coffee Break 10:30 11:45 Parallel Sessions Introduction by Christian SAUTTER, Deputy Mayor, Mairie de Paris - Antoine GOSSET-GRAINVILLE, Deputy Managing Director, Caisse des Dépôts - Nicole NOTAT, President, Vigeo - Jean-Luc PERRON, Managing Director, Grameen Crédit Agricole Foundation - Jean-Paul PLANCHOU, Vice Chairman, Conseil Régional d Ilede-France - Pascal VOISIN, Chief Executive Officer, Natixis Asset Management Moderator: Philippe MUDRY, Editor in Chief, L AGEFI Panel 6 Islamic Finance in France : New Developments (organized by BNP Paribas Najmah) Introduction by Dr Mohamed Nedal ALCHAAR, Secretary General, AAOIFI - Thierry DISSAUX, Special Advisor, Directorate General of the Treasury, France - Dr. Mohammed ELGARI*, Shariah scholar, AAOIFI Board Member - Philippe HENRY, Head of Corporate & Institutional Banking, HSBC France and Chairman, Paris EUROPLACE s Islamic Finance Commission - Sheikh Esam ISHAQ, Shariah scholar, AAOIFI Board Member - Jacques TRIPON, Chief Executive Officer, BNP Paribas Najmah 5

40 Panel 7 Carbon and Climate Finance: The New Deal (organized by Bluenext, CDC Climat) Introduction by Michel PRADA, Chairman, CNOCP, Chairman, Financial Law Panel Committee, Paris EUROPLACE - Michel COLLET, Partner, CMS Francis Lefebvre - Serge HARRY, Chairman, Bluenext - Jean-Pierre SICARD, Deputy Chief Executive Officer, CDC Climat Panel 8 A Cross Asset Approach to Global Research and Asset Management (organized by Société Générale CIB) - Philippe FAVRE, Chief Executive Officer, Finandir - Henri GHOSN,Vice Chairman, Club Finance HEC - Nick HANNAN, Chief Investment Officer, Oakley Capital - Jean-Pierre HELLEBUYCK, Vice Chairman, AXA Investment Managers Moderator: Patrick LEGLAND, Global Head of Research, Capital Markets Executive Committee Member, Société Générale CIB 11:45 13:00 Parallel Sessions Panel 9 Cash Management in the Eurozone: The SEPA Revolution (organized by The French Association of Corporate Treasurers (AFTE) in partnership with BNP Paribas and Société Générale) - Olivier BORNECQUE, Chairman, AFTE - Yannick CHAGNON, Head of Payments and Local Offers, Société Générale - Jean-François DENIS, Head of Payments and Local Offers, BNP Paribas - Gilbert LABBE, Head of Global Treasury and Internal Group Finance, Electricité de France (EDF) - Claude WARNET, General Secretary, Interministerial Committee for the European Means of Payment, French Ministry of Economy, Industry and Employment Moderator: Anne DRIF, Columnist, Les Echos 6

41 Panel 10 Post-Crisis Financial Regulation: Concrete Steps to Implement a Smart Regulation to Support the Global Economic Growth (organized by European Institute for Financial Regulation (EIFR) - Pierre COLIN, Chairman, Bank of America Merrill Lynch - Carl-Christoph HEDRICH, Head of Issue Management, Commerzbank - Vivien LEVY - GARBOUA, Advisor to the Chairman, BNP Paribas - Sylvie MATHERAT, Director of Financial Stability, Banque de France - Isabel MARTIN CASTELLA, Managing Director, Madrid Centro Financiero - Verena ROSS, Director International, FSA - Edouard VIEILLEFOND, Deputy Secretary General, French Financial Markets Authority (AMF) Moderator: Edouard de LENCQUESAING, Managing Director, European Institute for Financial Regulation (EIFR) Panel 11 French Initiatives in the Primary and Secondary Eurozone Debt Markets (organized by Paris EUROPLACE) Introduction by Stéphane PALLEZ, Deputy CFO, France Telecom - Patrick BARBE, Head of European Fixed Income, BNP Paribas Asset Management - Sylvain de FORGES, Deputy Chief Executive Officer, AG2R La Mondiale - Philippe MUSETTE, Director Debt Markets, NYSE Euronext - Philippe RAKOTOVAO, Head of Credit, Crédit Agricole CIB 13:00 14:30 Buffet Lunch 14:30-16:00 Special Event: Canada, a Land of Opportunity for Financial Services and Young Innovative Companies Introduction by S.E. Marc LORTIE, Ambassador of Canada to France - Cédric BISSON, Managing Partner Life Sciences and Energy, inovia Capital Inc - Vincent FOURNIER, Chairman, CFA Montréal 7

42 - Samuel M. SHAFNER, Member, Corporate Law Department, Chairman, International Practice Group, BURNS & LEVINSON LLP Moderator: Olivier CHAMPAGNE, Managing Director, STRAPER 16:00 End of the Forum 8

43 Contact presse : Arnaud de BRESSON Délégué Général Tel : [email protected] RENCONTRES FINANCIERES INTERNATIONALES Paris EUROPLACE 6 & 7 juillet 2010 Orienter l Industrie Financière vers de Nouvelles Opportunités de Croissance COMMUNIQUE DE PRESSE Paris, le 6 juillet Paris EUROPLACE tient les 6 et 7 juillet, ses 17èmes Rencontres Financières Internationales annuelles sur le thème «Orienter l industrie financière vers de nouvelles opportunités de croissance». Ces Rencontres présidées par Gérard MESTRALLET, Président de Paris EUROPLACE, réunissent plus de représentants d investisseurs, de banques, de sociétés financières et d émetteurs, français et internationaux, regroupant plus de 30 nationalités. Gérard MESTRALLET souligne l importance de l action menée par Paris EUROPLACE pour, tirant les leçons de la crise financière, développer un nouveau programme industriel qui permette à la Place de Paris de renforcer son positionnement dans l après crise. Dix projets opérationnels ont été lancés, réunissant plus de 400 professionnels et experts de la Place : - pôle d excellence corporate bonds euro - projet «liquidité et sécurité» - infrastructures de marché européennes - coopérations européennes - épargne longue - pôle dérivés - nouvelles filières de financement - pôle finance et développement durable - projet économie de la croissance Christine LAGARDE, Ministre de l Economie, des Finances et de l Emploi, s est félicitée de la qualité et de l importance des travaux menés par Paris EUROPLACE, sous l égide du Haut Comité de Place, dont certaines recommandations ont déjà trouvé leur application sur le terrain réglementaire et législatif. Il s agit en particulier de l engagement d une vingtaine d émetteurs de rapatrier à Paris au moins 50% de leurs émissions obligataires, et de l appel d offres qui a été lancé pour ancrer à

44 partir de Paris un marché secondaire plus transparent, dont Christine LAGARDE indique qu elle souhaite le lancement d ici fin Christine LAGARDE a indiqué l adoption de quatre nouvelles instructions fiscales pour encourager le développement de la finance islamique en France sur les opérations Sukuk, Istisna, Ijara et Murabaha. Enfin, Christine LAGARDE a salué la création au niveau européen d une «task force» dédiée visant à favoriser la cotation des PME sur le modèle du small business act français. Les 17èmes Rencontres Financières Internationales de Paris EUROPLACE ont été organisées grâce au concours des partenaires suivants : AFIC, AFTE, Bluenext, BNP Paribas Najmah, BNP Paribas CIB, CDC Climat, Compagnie de Financement Foncier, EIFR, Epexspot, Gide Loyrette Nouel, HSBC, Mazars, NYSE Euronext, Observatoire de la Communication Financière (OCF), Powernext, Société Générale CIB.

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46 Monday, April 26, New York Positioning the Finance Industry for New Growth Opportunities Venue: New York Stock Exchange - NYSE 08:15 Welcome & Registration 08:35 08:45 Welcome Address and Opening Remarks by Gérard MESTRALLET, Chairman, Paris EUROPLACE 08:45 09:15 Special Address by Christian NOYER, Governor, Banque de France 09:15 10:15 Round Table 1: The US-Europe Contribution to the G20 Roadmap Andrew CROCKETT, President, JPMorgan Chase International Jean LEMIERRE, Senior Advisor to the Chairman, BNP Paribas Lewis B. KADEN, Vice Chairman, Citigroup Inc. Ethiopis TAFARA, Director, Office of International Affairs, Securities and Exchange Commission (SEC) Edouard VIEILLEFOND, Deputy General Secretary, Regulation Policy & International Affairs Division, French Financial Markets Authority (AMF) Moderator: Liz ALDERMAN, Business/Finance Editor, International Herald Tribune The New York Times 10:15 11:15 Round Table 2: Driving Growth and Dealing with New Economic Realities Dominique CERUTTI, President & Deputy CEO, NYSE Euronext Louis P. FRIEDMAN, Managing Partner, Flexis Capital LLC Olivier GARNIER, Group Chief Economist, Société Générale Bruce KASMAN, Chief Economist and Head of Economic Research, JPMorgan Chase Patrick ODDOUX, President & CEO, ODDO Securities Corporation Moderator: Liz ALDERMAN, Business/Finance Editor, International Herald Tribune The New York Times

47 11:15 11:30 Coffee Break 11:30 12:45 Parallel Sessions > Session 1 "The Role of International Private Investment in Renewing America's Infrastructure" organized by Société Générale Corporate & Investment Banking - Bill SCHMID, Head of Global Finance in the Americas, Société Générale - Nancy A. WODKA, Energy & Construction Lawyer, Washington DC Attorney, Bracewell > Session 2 Obligations Foncières: The French Business Model of Covered Bonds - Security, Transparency and Stability organized by Compagnie de Financement Foncier and Linklaters - Gilles ENDREO, Partner, Attorney at Law, LINKLATERS LLP - Sandrine GUERIN, Deputy CEO, Compagnie de Financement Foncier CFF > Session 3 Company Presentations organized by ODDO Securities Corporation Introduction by Bruno BEZARD, Chief Executive, French Government Shareholding Agency (APE) - Arnaud ERBIN, Senior Vice President, Financial Communications, GDF SUEZ - Patrick ODDOUX, President & CEO, ODDO Securities Corporation - Stéphane PALLEZ, Deputy CFO, France Telecom 12:45 13:00 Refreshment Time 13:00 14:30 LUNCHEON Introduction by Gérard MESTRALLET, Chairman, Paris EUROPLACE, Chairman & CEO, GDF SUEZ Intervention of Duncan NIEDERAUER, Chief Executive Officer, NYSE Euronext Keynote Speech by Christine LAGARDE, French Minister of Economy, Industry and Employment

48 14:30 15:00 Special Survey: Investing in French Companies: Challenges & Opportunities Facing US Investors organized by FD (Financial Dynamics) and Paris EUROPLACE Arnaud de BRESSON, Managing Director, Paris EUROPLACE Nina MITZ, President & Managing Director, FD (Financial Dynamics) France Elizabeth SAUNDERS, Managing Director, Capital Markets Practice, FD (Financial Dynamics) US 15:00 16:15 Parallel Sessions > Session 4 French Initiatives in Primary and Secondary Eurozone Debt Markets organized by Paris EUROPLACE > Session 5 "US-French and European Cross-Border Operations and Investments: the 'Need-to- Knows' in 2010" organized by Constantin-Serval & Associés and Watson, Farley & Williams - Patrick BARBE, Head of European Fixed Income, BNP Paribas Asset Management - Philippe MUSETTE, Director European Debt Markets, NYSE Euronext - Stéphane PALLEZ, Deputy CFO, France Telecom, Chairwoman, Paris EUROPLACE s Issuers Group - Christophe ROUPIE, Global Head of Trading, AXA Investment Managers Moderator: Arnaud de BRESSON, Managing Director, Paris EUROPLACE - Philippe C.M. MANTEAU, Of Counsel, Watson, Farley & Williams - Jean-François SERVAL, Partner, Constantin-Serval & Associés 15:30 16:45 Session 3Bis Sustainable Growth in Europe I - The Fiscal Headwind: Greece and Beyond II - Sustainable Investment in Europe: It Pays! organized by ODDO Securities Corporation - Bruno CAVALIER, Chief Economist, ODDO Securities - Jean-Philippe DESMARTIN, Senior Analyst & Head of SRI research, ODDO Securities

49 16:15 17:30 Session 6: The Role of Long-Term Investors in the Post-Crisis Economy organized by Institut Louis Bachelier - Patrick BOLTON, Professor, Columbia University - René CARMONA, Professor of Engineering and Finance, Princeton University - Jean-Michel BEACCO, Chief Executive Officer, Institut Louis Bachelier, Research Initiatives, Collège de France - Frédéric SAMAMA, Head of Financial Solutions, AMUNDI 17:30 End of the Forum

50 For further information, please visit our website: Paris EUROPLACE Presents its Upcoming International Financial Forum in New York «Positioning the Finance Industry for New Growth Opportunities» Monday, April 26, 2010 PRESS RELEASE Paris, April 13, 2010 The Paris EUROPLACE International Financial Forum will take place on Monday April 26, in New York at the New York Stock Exchange. On this occasion, central bankers, investors, decision makers and global finance representatives will meet and discuss the current G20 agenda -- just ahead of the French presidency of G20 in and highlight current investment opportunities offered by the European capital markets. Technical sessions will address specific topics within this framework, and in particular present the assets of the Paris marketplace in the Eurozone and its role in global finance. Christian NOYER, Governor of the Banque de France, will open the Forum. The luncheon will be co-hosted by Christine LAGARDE, French Minister of Economy, Industry and Employment and Duncan NIEDERAUER, Chief Executive Officer, NYSE Euronext. This one-day Forum, will provide participants with the opportunity to listen to high-level US, European executives and decision makers: Patrick BOLTON, Professor of Economics, Columbia Business School; René CARMONA, Professor of Engineering and Finance, Princeton University; Dominique CERUTTI, President & Deputy CEO, NYSE Euronext; Andrew CROCKETT, President, JPMorgan Chase International; Olivier GARNIER, Group Chief Economist, Société Générale; Lewis B. KADEN, Vice Chairman, Citigroup Inc., Bruce KASMAN, Chief Economist and Head of Economic Research, JPMorgan Chase; Jean LEMIERRE, Senior Advisor to the Chairman, BNP Paribas; Gérard MESTRALLET, Chairman, Paris EUROPLACE, and Chairman & CEO, GDF SUEZ; Philippe ODDO, Chairman & CEO, ODDO Securities Corporation; Ethiopis TAFARA, Director of the Office of International Affairs, Securities and Exchange Commission (SEC);and, Edouard VIEILLEFOND, Deputy General Secretary, Regulation Policy & International Affairs Division, French Financial Markets Authority (AMF). In addition, a special survey will be released by Financial Dynamics which examines current US views on potential investments in French companies. The 2010 New York International Financial Forum dedicated to «Positioning the Finance Industry for New Growth Opportunities» is organized in partnership with Compagnie de Financement Foncier, Constantin-Serval Associés, Financial Dynamics, Institut Louis Bachelier, Linklaters, NYSE Euronext, ODDO Securities Corporation, Société Générale Corporate & Investment Banking, and Watson Farley & Williams. Media Partners include BusinessWire and the International Herald Tribune. -more-

51 2010 PARIS EUROPLACE INTERNATIONAL FINANCIAL FORUM 2/ Editor s Note: Editorial members of the press are welcome at the Paris EUROPLACE International Financial Forum, and may make advance arrangements by Friday, April 23, 12 noon, by submitting a request to [email protected]. Because of security inside the New York Stock Exchange, please adhere to this advance registration request, and allow adequate time to enter and move through security on the day of the event. Media contacts: - Paris EUROPLACE Registration Contact: Nadine Huynh Tel: Fax: [email protected] Press Registration Contact: Sylvie Repeczky Tel: +1 (212) Cell: +1 (646) Fax: +1 (212) [email protected] ###

52 PART 5 Paris EUROPLACE Rencontres Financières Internationales International Financial Forums 2009

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54 Tokyo, Monday, November 16, 2009 «The Aftermath of the Crisis: Times of Dialogue and Opportunities» Venue Imperial Hotel : 1-1, Uchisaiwai-cho - 1-chome Chiyoda-ku- TOKYO Tel.: (813) / Fax: (813) :15 08:45 Welcome & Registration 9:00 9:05 Welcome: Arnaud de BRESSON, Chief Executive, Paris EUROPLACE 9:05 9:15 Opening Address: Gérard MESTRALLET, Chairman, Paris EUROPLACE, Chairman & CEO, GDF SUEZ 9:15 9:45 Keynote Addresses by Christian NOYER, Governor, Banque de France & Masaaki SHIRAKAWA, Governor, Bank of Japan 9:45 11:15 Round Table: Post G20: Milestones to Restore Confidence within Financial Markets and New Business Opportunities in the Post-Crisis Environment - Edmond ALPHANDERY, Chairman of the Board, CNP Assurances, Chairman, Euro50 Group - Pierre de LAUZUN, Director General Delegate, French Banking Federation - Jean LEMIERRE, Senior Advisor to the Chairman, BNP PARIBAS - Eisuke SAKAKIBARA, Professor, Waseda University - Takumi SHIBATA, Deputy President & COO, Nomura Holdings, Inc - Jean-François THEODORE, Chairman of the Steering Committee, Paris EUROPLACE Moderator: Yoichi TAKITA, Deputy Chief Editorial Writer, Nikkei Inc 11:15 11:30 Coffee Break 1

55 11:30 12:45 Parallel Workshops Workshop 1 Sovereign Bond Issuance Policies and The Post-Crisis Strategies (organized by the French Government Debt Agency -AFT & HSBC) - Thomas BYRNE, Senior Vice President, MOODY s Sovereign Risk Group - Masaaki KAIZUKA, Director of Debt Management, Ministry of Finance - Steven J. MAJOR, Global Head of Fixed Income Research, HSBC - Philippe MILLS, Chief Executive, French Debt Government Agency - Hiroaki TAKAHASHI, Senior Economist, Shinkin Central Bank Research Institute Workshop 2 "Financial Clusters: Business Incubators for Research in Finance and Young Innovative Companies (organized by Finance Innovation ) - Jean-Michel BEACCO, CEO, Institut Louis Bachelier, Head of Post- Crisis Finance Chair, Collège de France - Arnaud de BRESSON, Chief Executive, Finance Innovation - Keiichiro KOBAYASHI, Professor, Research Institute of Economy Trade & Industry (RIETI) - Shunpei TAKEMORI, Professor, Keio University Workshop 3 "Strategy of Leading French Companies (organized by Nomura & NYSE Euronext) Introduction by Jérôme CALVET, Co-Chairman & Head of Investment Banking for France, Nomura France - Virginie BANET, Investor Relations Director, Lagardère - Jean-Pierre DUPRIEU, Senior Vice President (in charge of Asia-Pacific), Member of Executive Committee, Air Liquide Group - Carlo FERRO, Executive Vice President and Chief Financial Officer, STMicroelectronics - Naoyoshi KASUGA, Vice President, Asia Pacific, Global Corporate Client Group, NYSE Euronext - Stéphane PALLEZ, Group Deputy CFO, France Télécom / Orange 13:00-14:30 Luncheon Special Address by Atsushi SAITO, President & Chief Executive Officer, Tokyo Stock Exchange Group Jean-François THEODORE, Deputy CEO, NYSE Euronext Group 2

56 Parallel Workshops Workshop 4 Obligations Foncières : The French Business Model of Covered Bonds - Security, Transparency and Stability (organized by Compagnie de Financement Foncier, Linklaters and Société Générale Corporate & Investment Banking) - Gilles ENDREO, Partner, Attoney at Law, LINKLATERS LLP - Sandrine GUERIN, Deputy CEO, Compagnie de Financement Foncier - Pierre MENET, Managing Director, Head of Structured Capital Finance, Société Générale CIB Workshop 5 The French State as a Shareholder The Utilities Sector in France (organized by Nomura) Introduction by Jérôme CALVET, Co-Chairman & Head of Investment Banking for France, Nomura France Keynote Address: Highlights on the French State as a Shareholder Bruno BEZARD, Chief Executive, French Government Shareholding Agency (APE) - Arnaud ERBIN, Senior Vice President, Financial Communications, GDF SUEZ - Anne LE LORIER, Senior Executive Vice President, Corporate Finance & Treasury, EDF S.A. - Martin YOUNG, Executive Director, Nomura Workshop 6 Carbon and Climate : The New Deal (organized by Bluenext and Orbeo) - Serge HARRY, Chairman & CEO, Bluenext - Jérôme MALKA, Managing Director, Orbeo 16:00 End of the Forum 3

57 Contact : Arnaud de BRESSON Paris EUROPLACE Managing Director Tel : [email protected] Paris EUROPLACE International Financial Forum Tokyo, November 16, 2009 «The Aftermath of the Crisis: Times of Dialogue and Opportunities» PRESS RELEASE Tokyo, November 16, 2009: Paris EUROPLACE, the organization in charge of promoting the Paris financial marketplace, held its 13th annual Financial Forum in Japan in a bid to foster dialogue between Paris and Tokyo marketplaces regarding lessons arising from the financial crisis, new strategies to restore confidence and present new opportunities in European financial markets. The Forum was attended by more than 800 French and Japanese representatives of investors, issuers, banking and financial institutions, as well as regulators and central bankers. Masaaki SHIRAKAWA, Governor of Bank of Japan and Christian NOYER, Governor of Banque de France opened the forum: - Masaaki SHIRAKAWA said I believe that balance-sheet adjustments are a key factor in shaping the prospects for the global economy following the economic crisis. - Christian NOYER highlighted that the root causes of the crisis are deeply structural with a combination of excess savings and asymmetry in financial developments between countries which was conducive to the formation of bubbles. This disequilibrium was amplified by distorted financial innovation. There was little, or no, role for monetary policy in that process. And added looking to the future, regulation and supervision must be implemented in a broader systemic perspective with the objective of ensuring the stability and integrity of the financial system as a whole. There is a strong case for giving central banks a pivotal role in this new macro financial supervision. We are fortunate, in the Eurosystem, in having an appropriate and efficient framework. Jean-François THEODORE, Deputy CEO of NYSE Euronext and Chairman of the Steering Committee of Paris EUROPLACE, indicated that Paris EUROPLACE plays an important role to push concrete recommendations at the European level to implement the G20 guidelines regarding prudential and accounting standards, new initiatives in clearing and settlement processes and the development of more transparent markets and products. He underlined that various ways of dialogue and cooperation shall be fostered between Paris and Tokyo, in particular in asset management, environmental finance and Socially Responsible Investment (SRI), research and financial innovation. Arnaud de BRESSON, Chief Executive of Paris EUROPLACE mentioned that the Paris marketplace has better resisted the crisis than many other international financial centers, thanks to the quality of its regulation, the business model of French banks, and its capacity in risk management and offers today a great deal of business opportunities.

58 - the euro represents 26% of reserve currencies and 30% of international securities markets. It is also considered as a valuable hedge against the dollar and commodity risk and is an efficient tool for portfolio diversification: according to a recent study published by Bank of America and Merrill Lynch, the post crisis environment will still benefit Europe as asset allocators will continue to increase their investments in the Eurozone; - the access to NYSE Euronext platform, the leading Exchange in the world, with a large presence of French Blue chips in the Eurostoxx 50 index; - the access to a secure and liquid Euro denominated bond market, with a new growing presence of French investment grade corporate issuers (Areva, EDF, GDF SUEZ, BNP Paribas, Véolia, etc...); - the strength of the French Asset management industry, with the presence of international market players: AXA IM, BNP Paribas AM, CAAM/SGAM and Natixis AM, also operating in Tokyo. Additionally, Paris accelerates its positioning in new growing financial segments: project financing, environmental finance (carbon and climate), Socially Responsible Investment (SRI) and Islamic Finance. The Paris EUROPLACE Financial Forum in Tokyo 2009 was organized in partnership with Agence France Trésor, Bluenext, BNP Paribas, Compagnie de Financement Foncier, Finance Innovation, GDF SUEZ, HSBC, Linklaters, Nomura, NYSE Euronext, Orbeo and Société Générale CIB. * * * About Paris EUROPLACE The mission of Paris EUROPLACE, a non-for-profit organisation created in 1993, is to develop and further modernize the Paris financial market and promote its key advantages at the regional, European and international level. Paris EUROPLACE, which today gathers 150 member institutions, brings together a multiplicity of players in the financial industry: corporate issuers, financial intermediaries, asset management companies, law and accounting firms and consultancies all of which participate in the association s actions and activities. Paris EUROPLACE also contributes to the competitiveness clusters program, and aims at making the Paris financial market a full-fledged center, thereby confirming its leading position, particularly in asset management and in financial research. Web Site:

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60 Paris EUROPLACE International Financial Forum Mumbai - October 28, 2009 «Fostering Business Opportunities between India and France» Venue: Taj President, 90 Cuffe Parade, Mumbai :15 09:35 Welcome & Registration 09:35 09:45: Opening Address by Arnaud de BRESSON, CEO, Paris EUROPLACE 09:45 10:30: Keynote Address: Anne-Marie IDRAC, French Secretary of State in charge of Foreign Trade Shyamala GOPINATH, Deputy Governor, Reserve Bank of India (RBI) Christian NOYER, Governor, Banque de France 10:30 11:30: Round Table : Developing Indo-French Dialogue and Business Opportunities in the Post G20 Context Moderator: Arnaud de BRESSON, CEO, Paris EUROPLACE O.P BHATT, Chairman, SBI Vikrant GUGNANI, President & CEO International Business, Reliance Capital Ltd Geoffroy de LASSUS, Coordinator for India, BNP Paribas Investment Solutions Joseph MASSEY, Managing Director and CEO, MCX-SX M.V NAIR, Chairman, Indian Banks Association (IBA) Michel ROY, Senior Country Officer India, CALYON & Crédit Agricole Group 11:30 12:00 Coffee break 1

61 12:00 13:15 Parallel workshops Workshop 1 Asset Management Partnership with Leader Retail Networks in India and in France: Common Challenges? (organized by CAAM and SBI) Mr DANY, General Manager Cross Selling, SBI (Corporate Office) Mr André PASQUIE, Head of Group s Retail Banking Network, Crédit Agricole Asset Management Workshop 2 The Partnership Policy of BNP Paribas in India (organized by BNP Paribas) Moderator : Geoffroy de LASSUS, Coordinator for India, BNP Paribas Investment Solutions CJ GEORGE, Managing Director, Geojit BNP Paribas Financial Services Ltd Hemant KANORIA, Chairman & Managing Director, SREI Infrastructure Finance Ltd TP RAMAN, Managing Director, Sundaram BNP Paribas Mutual MN RAO, Managing Director & CEO, SBI Life Insurance Vincent SUSSFELD, Deputy CEO, SBI Life Insurance Workshop 3 Invest in Paris Region - the Attractiveness of the Paris Financial Industry (organized by Paris Region Economic Development Agency and Conseil Général des Hauts de Seine) Blandine DELANOUE, Head of Export Department, Conseil Général des Hauts de Seine Romain GUIZARD, Financial Services Director, Business Operations Unit, Paris Region Economic Development Agency Girish RAMACHANDRAN, Director of Strategic Businesses, Tata Consultancy Services (TCS) Workshop 4 Post-Crisis Instruments: Research on Risk Management (organized by Europlace Institute of Finance) Dr Aman AGARWAL, Vice-Chairman & Professor of Finance, Indian Institute of Finance (IIF) Jean-Michel BEACCO, Head of Post-Crisis Chair, Collège de France Dr Bobby SRINIVASAN, President, Institute for Financial Management and Research (Chennai) 13:15-14:30 Luncheon sponsored by Invest in France Agency Keynote address by Serge BOSCHER, Managing Director, Invest in France Agency 2

62 Contact : Arnaud de BRESSON Paris EUROPLACE Managing Director Tel : [email protected] Paris EUROPLACE International Financial Forum in Mumbai «Fostering Business Opportunities between India and France» Wednesday, October 28, 2009 Taj President, Mumbai PRESS RELEASE Mumbai, October 28, 2009 Paris EUROPLACE, the organization in charge of promoting the Paris financial marketplace, hold its second edition of its International Financial Forum in Mumbai aimed to foster dialog regarding lessons arising from the financial crisis and to present new business and investment opportunities in India and France. The Forum was attended by more than 200 Indian and French business leaders, market professionals as well as representatives of regulatory authorities. Anne-Marie IDRAC, French Secretary of Foreign Trade, declared that France has been supportive of a stronger voice for India in the world scene, in the G 20 meetings. I would like to underline the convergence of views between India and France on better compensation and convergence of regulation, and highlight the early rebound of the French economy. Jean-Pierre LANDAU, 2 nd Deputy Governor, Banque de France, highlighted that Today, we can be reasonably assured that we have stabilized our economies and avoided the worst. Current forecasts by the IMF show reasonable prospects for growth in the world economy in But there are many downside risks and adverse scenarios that could still materialize. Above all, we have a duty, and a mandate, to make sure that the causes of the crisis are addressed and that our economies do not fall victim to such shocks in the future. Arnaud de BRESSON, Chief Executive, Paris EUROPLACE, indicated the strong presence of the French banks, asset management and insurance companies in India and the development of fruitful joint ventures between Indian and French market players like BNP Paribas and SBI in the life insurance, or more recently CAAM/SBI which have just announced a JV in asset management. He also underlined the growing role of the euro in the international capital markets and the strong opportunities offered to Indian issuers and investors in Paris. - The euro today represents 26% of international reserve currencies and 30% of international securities markets. It is considered as a valuable hedge against the depreciation of the US dollar and commodity risk and is an efficient tool for portfolio diversification: according to a recent study published by Bank of America and Merrill Lynch, the post crisis environment

63 will still benefit Europe as asset allocators will continue to increase their investment in the Eurozone. - the access to NYSE Euronext platform, the leading Exchange in the world, with a large presence of French Blue chips in the Eurostoxx 50 index, - the access to a secure and liquid Euro denominated bond market, with a strong corporate bond segment, which offers key opportunities to Indian issuers, - the strength of the French Asset management industry, with the presence of international market players: AXA IM, BNP Paribas AM, CAAM/SGAM also operating in Mumbai, - the quality of education and research in France in mathematics and in finance and the developments of new cooperation between French and Indian universities and high schools. Additionally, Paris accelerates its positioning on the new growing financial segments: project financing, environmental finance (carbon and climate), Socially Responsible Investment (SRI) and Microfinance. Arnaud de BRESSON concluded by suggesting that Paris EUROPLACE and the Mumbai financial center develop new cooperation, in stock markets, asset and wealth management, project financing, education and research mainly on risk management. Technical panel sessions and interactive debates covered 4 main themes: - Asset Management Partnership with Leader Retail Networks in India and France: Common Challenges? - The Partnership Policy of a French Bank in India: the example of BNP Paribas - Invest in Paris Region the Attractiveness of the Paris Financial Industry - Post-Crisis Instruments: Research on Risk Management Serge BOSCHER, Managing Director, Invest in France Agency, in his closing remarks noted that France has never been as attractive as today. Up to Indian investors to take advantage of this opportunity. The Paris EUROPLACE International Financial Forum in Mumbai 2009 has been organized with the support of the Reserve Bank of India (RBI), Banque de France and the French Economic Mission in Mumbai and in partnership with BNP Paribas, Crédit Agricole Asset Management, Calyon, Europlace Institute of Finance (EIF), Hauts de Seine County Council, Invest in France Agency (AFII), MCX SX, Mega Ace Consultancy, Paris region Economic Development Agency (ARD) and SBI. * * * About Paris EUROPLACE The mission of Paris EUROPLACE, a non for profit organisation created in 1993, is to develop and further modernize the Paris financial market and promote its key advantages at the regional, European and international level. Paris EUROPLACE, which today gathers 150 member institutions, brings together a multiplicity of players in the financial industry: corporate issuers, financial intermediaries, asset management companies, law and accounting firms and consultancies all of which participate in the association s actions and activities. Paris EUROPLACE also contributes to the competitiveness clusters program, and aims at making the Paris financial market a full-fledged center, thereby confirming its leading position, particularly in asset management and in financial research. Web Site :

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65 Paris EUROPLACE International Financial Forum with the support of the Monetary Authority of Singapore (MAS) and Banque de France Venue: The St Regis Singapore Hotel, 29 Tanglin Road, Singapore :30 09:00 Welcome & Registration 09:00 09:10 Opening Address by Arnaud de BRESSON, Chief Executive Officer, Paris EUROPLACE 09:10 09:45 Keynote Addresses - Christian NOYER, Governor, Banque de France - HENG Swee Keat, Managing Director, Monetary Authority of Singapore 09:45 11:15 Round Table: International Crisis and New Challenges of Sustainable Growth: Partnerships and Business Opportunities between Singapore and France 11:15 11:30 Coffee Break Introduction: Highlights on the French State as a Shareholder by Bruno BEZARD, Chief Executive, French Government Shareholding Agency (APE) Discussion - Arnaud de BRESSON, Chief Executive Officer, Paris EUROPLACE - Muthukrishnan RAMASWAMI, Senior Executive Vice President and Chief Operations Officer, Singapore Exchange (SGX) - Kenneth TAN, Head Corporate Bank Overseas Branches, United Overseas Bank (UOB) - Jean-François THEODORE, Deputy CEO, NYSE Euronext Group Moderator Leonard APCAR, Chief Asia Editor and Deputy Managing Editor, The International Herald Tribune 1

66 11:30 12:30 Parallel Sessions Session 1: Islamic Finance: a Promising Sector in Global Financial Services (organized by BNP Paribas) - Hisham ABDUL-RAHIM, Executive Director, BNP Paribas Islamic Asset Management Malaysia - Carole d ARMAILLE, Rapporteur of Islamic Finance Commission, Paris EUROPLACE - Krishna CHETTI, Country Head, BNP Paribas Malaysia, Head of Islamic Finance Asia - Vince COOK, Chief Executive Officer, the Islamic Bank of Asia - NG Nam Sin, Executive Director, Financial Centre Development Department, Monetary Authority of Singapore - Jacques TRIPON, Global Head of Islamic Finance, BNP Paribas Session 2: The Dynamism of the Euro Bond Market (co-organized by Calyon & Crédit Agricole Asset Management) - Laurent CROSNIER, Head of Euro Fixed Income and Credit, Crédit Agricole Asset Management - Annie KOH, Associate Professor of Finance and Dean, Office of Executive and Professional Education at the Singapore Management University, Associate Dean, Lee Kong Chian School of Business and Academic Director, International Trading Institute at the Singapore Management University Session 3: Post-Crisis Instruments: Research on Risk Management (organized by Europlace Institute of Finance) - Jean-Michel BEACCO, Chief Executive Officer, Institut Louis Bachelier (ILB), Head of Post-Crisis Finance Chair, Collège de France - Jin-Chuan DUAN, Director, Risk Management Institute, Cycle & Carriage Professor of Finance, National University of Singapore - Bernard LEE, Visiting Practice Associate Professor of Economics, Singapore Management University, Deputy Director, Sim Kee Boon Institute for Financial Economics - Bruno SOLNIK, Professor of Finance, HEC Paris and Hong Kong University of Science and Technology 2

67 12:30 14:00 Luncheon co-hosted by: - Kishore MAHBUBANI, Dean and Professor in the Practice of Public Policy, Lee Kuan Yew School of Public Policy at National University of Singapore - Jean-François THEODORE, Chairman of the Steering Committee, Paris EUROPLACE 14:00 End of the Forum 3

68 Contact : Arnaud de BRESSON Paris EUROPLACE Délégué général Tel : [email protected] Paris EUROPLACE International Financial Forum Singapour, 26 octobre 2009 «Les leçons de la crise: Un temps pour le dialogue et de nouvelles opportunités» Communiqué de Presse Singapour, le 26 octobre 2009, Paris EUROPLACE, l organisation en charge de la promotion de la Place financière de Paris, a organisé son premier forum annuel international à Singapour dans l objectif de favoriser le dialogue pour tirer les leçons de la crise financière, restaurer la confiance et identifier les opportunités offertes par les marchés financiers européens. 300 participants de la communauté financière de Singapour, français et Singapouriens ont participé à ce forum, investisseurs, émetteurs, représentants de banques et sociétés financières, ainsi que les régulateurs et représentants de la banque centrale. Il y a un an, la crise financière internationale a changé notre vision de la finance internationale. Elle a rendu urgent le dialogue entre les centres financiers internationaux, afin de tirer les leçons de la crise et de définir et mettre en place de nouvelles règles et stratégies. HENG Swee Keat, Directeur général de la Monetary Authority of Singapore (MAS) et Christian NOYER, Gouverneur de la Banque de France ont ouvert le forum. Christian NOYER a souligné que «Aujourd'hui, on peut être raisonnablement rassuré ayant stabilisé nos économies et évité le pire. Les dernières prévisions du FMI montrent que l on peut raisonnablement s attendre à une croissance de l'économie mondiale en 2010.Il subsiste cependant de nombreux risques et des scénarios défavorables peuvent encore se matérialiser. Surtout, nous avons le devoir, et le mandat, de garantir que les causes de la crise soient éradiquées et que nos économies ne soient plus victimes de tels chocs dans le futur». Jean-François THEODORE, Président du Comité de pilotage de Paris EUROPLACE, a indiqué que «diverses voies de coopération doivent être encouragées entre Paris et Singapour, en particulier dans la gestion d'actifs, la finance environnementale et l investissement socialement responsable, la recherche et l'innovation financière». Arnaud de BRESSON, délégué général de Paris EUROPLACE a indiqué que «la place de Paris a mieux résisté à la crise que de nombreuses autres places financières internationales, grâce à la qualité de sa régulation et le modèle des banques françaises de services globaux, et offre aujourd'hui de nombreuses opportunités d affaires» :

69 - L'euro représente 26% des réserves des banques centrales internationales et 30% du marché mondial des titres de créances. Il est également considéré comme une monnaie de couverture contre la volatilité du dollar et des risques des matières premières et représente un instrument efficace de diversification de portefeuille: selon une récente étude publiée par Bank of America / Merrill Lynch, l'environnement financier postcrise profite à l Europe, puisque les investisseurs internationaux continuent à surpondérer les actifs de la zone euro dans leurs portefeuilles. - L'accès à la plate-forme de NYSE Euronext, premier marché boursier mondial, avec une forte présence d entreprises françaises dans les indices européens, EuroStoxx 50, - L'accès à un marché des obligations libellées en euro sûr et liquide, avec un segment solide, d obligation d entreprises. - L importance de l'industrie française de la gestion d'actifs, avec la présence d acteurs parmi les leaders mondiaux: AXA IM, BNP Paribas AM, CAAM / SGAM et Natixis AM, opérant aussi à Singapour. - Dans ce contexte de mondialisation, la crise a démontré combien les régions deviennent clef, Paris est déterminé à contribuer à l accélération de l intégration européenne, principalement dans les domaines de la régulation et des infrastructures de marché, et à oeuvrer pour une échange d expériences sur ces thèmes avec l ASEAN. Et Paris accélère son positionnement sur les nouveaux segments financiers en forte croissance: financement de projets, finance environnementale (carbone et climat), l'investissement Socialement Responsable (ISR) et la finance islamique. Les Rencontres Financières de Paris EUROPLACE 2009, à Singapour 2009 ont été organisées avec le soutien de la Monetary Authority of Singapore (MAS) et de la Banque de France en partenariat avec Invest in France Agency, BNP Paribas, Calyon, Crédit Agricole Asset Management, Crédit Industriel et Commercial (CIC), l Institut Europlace de Finance (EIF), NYSE Euronext, la Société Générale, Standard Chartered, Tradition, avec l'aimable soutien du Service économique de l Ambassade de France à Singapour. * * *

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71 «The Aftermath of the Crisis: Times of Dialogue and Opportunities» Paris, July 2 & 3, 2009 Venue : Pavillon d Armenonville, Allée de Longchamp Paris Main Conference Day 1 Thursday July 2, :30 Welcome & Registration 09:00 09:15 Opening Address by Gérard MESTRALLET, Chairman, Paris EUROPLACE, Chairman & CEO, GDF SUEZ 09:15 10:45 Round Table 1: Post G20: Milestones to Restore Confidence within Financial Markets Introduction: - Jean-Pierre JOUYET, Chairman, French Financial Markets Authority (AMF) - Jörgen HOLMQUIST, Director General, European Commission DG Internal Market & Services Discussion: - Samir ASSAF, Head of Global Markets, HSBC Bank PLC - Jean-Pierre HELLEBUYCK, Vice Chairman, AXA Investment Managers - Gérard MESTRALLET, Chairman, Paris EUROPLACE, Chairman & CEO, GDF SUEZ - Georges PAUGET, Chief Executive Officer, Crédit Agricole SA, Chairman, French Banking Federation (FBF) - Michel PEBEREAU, Chairman of the Board, BNP Paribas - Deven SHARMA, President, Standard & Poor s Moderator: Tom REDBURN, Managing Editor, The International Herald Tribune (IHT) 10:45 11:00 Coffee Break 1

72 11:00 12:30 Round Table 2 : International Crisis and New Challenges of Sustainable Growth: On Going Partnerships with International Financial Services Centers - Abdulla AL AWAR, Chief Executive Officer, Dubai International Financial Centre Authority (DIFC) - Ahmad AL-SAYYED*, Chief Executive Officer, Qatar Holding - Dr ZETI AKHTAR AZIZ, Governor, Bank Negara Malaysia - Patricia BARBIZET, Chief Executive Officer, Artemis, Chairman, Comité d Investissement du Fonds Stratégique d'investissement - Arnaud de BRESSON, Managing Director, Paris EUROPLACE - Augustin de ROMANET, Chief Executive Officer, Caisse des Dépôts - Jean-François THEODORE, Deputy CEO, NYSE Euronext - Makoto UTSUMI, President & CEO, Japan Credit Rating Agency Moderator: Tom REDBURN, Managing Editor, The International Herald Tribune (IHT) 12:30 Cocktail 13:00 14:30 Luncheon chaired by Christine LAGARDE, French Minister of Economy, Industry and Employment 14:30 15:45 Parallel Sessions Panel 1 The Future of Asset Management in Europe: UCITS IV and Alternative Investments (organized by Mazars) - Pierre BOLLON, Chief Executive, French Asset Management Association (AFG) - Christophe CLERC, Partner, Marccus Partners - Pierre MASIERI, Partner, Mazars - Didier MILLEROT, Deputy Head of Unit G4 - Asset Management DG Internal Market and Services, European Commission Moderator: Fabrice DEMARIGNY, Partner, Director of Capital Market Activities, Mazars, Attorney at the Law, Marccus Partners Panel 2 Capital Markets : The End of The Dislocation? (organized by Société Générale Corporate & Investment Banking ) - Alain BOKOBZA, Head of Pan-European Equity & Multi and Cross Asset Strategy, Société Générale CIB 2

73 - Romain BOSCHER, Head of Equity Management, Groupama Asset Management - Benoît HUBAUD, Head of Credit, Forex and Interest Rate Research, Société Générale CIB - Laurent MOREL, Global Head of Equity Capital Markets, Société Générale CIB - Demetrio SALORIO, Global Co-Head of Debt Capital Market, Société Générale CIB 15:45-16:00 Coffee Break 16:00 17:15 Parallel Sessions Panel 3 Islamic Finance: a Promising Sector in French Financial Services (organized by BNP Paribas NAJMAH & Gide Loyrette Nouel) - Georges AFFAKI, Global Head, ECEP Legal Affairs CIB, BNP Paribas - Dr. Mohamad Nedal ALCHAAR, Secretary General, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) - Hervé de CHARETTE, Former Minister, Minister of Foreign Affairs, Chairman, Franco-Arab Chamber of Commerce - Dr. Tariq MUSLIH, Senior Legal Counsel, Qatar Investment Authority - Jacques TRIPON, Chief Executive Officer, BNP Paribas Najmah - Gilles SAINT MARC, Attorney at Law, Partner, Gide Loyrette Nouel Moderator: Andréane FULCONIS, Journalist, Revue Banque Panel 4 Debt/Equity Mix : a New Deal for Corporate Financing Post Crisis (organized by HSBC France) - Jean BEUNARDEAU, Head of Global Banking and Markets, HSBC France - Jean-Philippe COTIS, General Director, INSEE - Gilles MICHEL, Chief Executive, Fonds Stratégique d Investissement - Gervais PELLISSIER, Deputy CEO, France Télécom Moderator: Philippe MUDRY, Managing Editor, l Agefi Panel 5 The Economic Crisis: What Impacts on Financial Communication? (organized by L Observatoire de la Communication Financière) 3

74 - Régis BEGUE, Head of Equity Research and Fund Management, Lazard Frères Gestion - Alexander BLACKBURN, Partner, Bredin Prat - François-José BORDONADO, Head of Investor Relations, Dassault Systèmes, Board Member, CLIFF - Etienne BOUAS-LAURENT, VP Head of Investor Relations, AXA - Chris HOLLIS, Vice President, CLIFF - Philippe KUBISA, Partner, Global Capital Markets, PriceWaterhouseCoopers - Jean-Paul PIERRET, Head of Investment Strategy, Dexia Securities, Member of the Board, SFAF - Eliane ROUYER-CHEVALIER, Chairman, L Observatoire de la Communication Financière, Chairman, CLIFF 17:15-18:30 Round Table 3: New Recommendations for Sustainable Finance Introduction: Prof. H.I. LATIFEE, Managing Director, Grameen Trust - Pierre BOLLON, Chief Executive, French Asset Management Association (AFG) - Pierre DUCRET, Director of Banking Services, Caisse des Dépôts - Maria NOWAK, Chairman, Association pour le Droit à l Initiative Economique (ADIE) - Jean-Luc PERRON, Managing Director, Grameen Crédit Agricole Microfinance Foundation Moderator: François de WITT, Chairman, Finansol 18:30 Cocktail 4

75 Paris EUROPLACE International Financial Forum Main Conference Day 2 Friday July 3, :15 Welcome & Registration 08:30 Keynote Address: Christian NOYER, Governor, Banque de France 09:00 10:15 Round Table 4: Redirecting Savings to Support Real Economy and Finance Projects of the Future Introduction : Christian SAUTTER, Deputy Mayor, Mairie de Paris Discussion: - Charles-Henri FILIPPI, Chairman, ALFINA - Philippe de FONTAINE VIVE, Vice Chairman, European Investment Bank - Yves PERRIER, Chairman & CEO, Crédit Agricole Asset Management - Nhay PHAN, General Manager, Bank of China Paris Branch - Yves-Thibault de SILGUY, Chairman of the Board, Vinci Moderator : Philippe MUDRY, Managing Editor, l Agefi 10:15 10:30 Coffee Break 10:30 11:45 Parallel Sessions Panel 6 The New Deal in European Post-Market Infrastructures (organized by l Agefi) - Florence FONTAN, Head of Public Affairs, BNP Paribas Securities Services - Yvon LUCAS, Director of Payments Systems and Market Infrastructure, Banque de France - Antoine MAFFEI, Partner, De Pardieu Maffei Brocas Moderator: Marion LEBLANC-WOHRER, Editor in Chief, Agefi Hebdo Panel 7 Carbon and Climate Finance: The New Deal (organized by Bluenext ) - Serge HARRY, Chairman, Bluenext - Philippe ROSIER, President, ORBEO - Jean-Pierre SICARD, Head of CDC Climat, Caisse des Dépôts 5

76 11 :45 13 :00 Parallel Sessions Panel 8 New Market Trends in Post-Crisis Environment (organized by Europlace Institute of Finance) Introduction: Eric SINGER, Partner, Cabinet Singer & Hamilton - Marc AUBERGER, Managing Director, CDC Capital Investissement - André BALADI, Co-Founder, International Corporate Governance Network - Elyès JOUINI, Scientific Director, Europlace Institute of Finance, Vice President, Paris Dauphine University - Charlotte LAVIT d HAUTEFORT, Executive Director, Ministry of Economy, Industry and Employment - Jérôme LEBUCHOUX, Partner, ReechAIM - Olivier NIN, Executive Director, Natixis Panel 9 Microfinance and Social Finance, a Working Economic Model (organized by BNP Paribas & Crédit Coopératif) - Emmanuel de LUTZEL, Head of Microfinance, BNP Paribas - Pierre VALENTIN, Managing Director - Finance, Crédit Coopératif - François de WITT, Chairman, Finansol 6

77 10:30-12:45 Special Event organized by FINANCE INNOVATION 10:30 11:05 Panel 1: Comprehensive and Robust Risk Management Solutions, a French Expertise - Jean-Christophe BORIES, President & CEO, Riskalis Consulting, - Jean-Marc EBER, Chairman, LexiFi - Marc LEBRETON, Founder & President, OTC Conseil - Fadila PALMER, Chairman & CEO, Lunalogic Moderator: Jean-François BOULIER, Executive Managing Director & CIO, Aviva Investors France, Member of the Steering Committee, FINANCE INNOVATION 11:05 11:40 Panel 2: Technology-Driven Innovations for Information Market Providers: Creating Value for Investors Pierre-Yves GAUTHIER, Co-Founder, Member of the Board, AlphaValue - Blaise HEURTEUX, Founder & CEO, HBS Research - Maxime MATHON, Project Manager, Fund Watch, Groupe Agefi Moderator: Dominique LEBLANC, CEO, Information Finance Agency, ESL Group 11:40 12:15 Panel 3: Sustainable Finance: Fast-Developing Investment Opportunities - Olivier DUPONT, Founder, Chairman of the Executive Board, Demeter Partners - Patrick NAIM, Founder & CEO, Elseware - Eric VANLABECK, Research and Business Development Director, MACIF Gestion Moderator: Vincent REMAY, Director, Senior Advisor, Product Development, NYSE Euronext 12:15 12:45 Signature of the Performance Contract - Daniel CANEPA, Préfet de le Région d Ile-de-France, Préfet de Paris - Marie-Pierre de la GONTRIE, Vice President, Conseil Regional d Ilede-France - Jean LAURENT, Chairman, FINANCE INNOVATION - Albert OLLIVIER, Head of SME and Innovation Financing, FINANCE INNOVATION 13:00 14:30 Buffet Lunch 15:00 End of the Forum 7

78 RENCONTRES FINANCIERES INTERNATIONALES PARIS EUROPLACE - 2 & 3 JUILLET 2009 Nouvelles Priorités d Actions de la Place Financière de Paris face à la crise COMMUNIQUE DE PRESSE Paris, le 2 juillet 2009 : Paris EUROPLACE tient, les 2 & 3 juillet, ses Rencontres Financières Internationales annuelles sur le thème «Dialogue et Opportunités en Temps de Crise». Ces Rencontres, présidées par M. Gérard MESTRALLET, Président de Paris EUROPLACE, réunissent plus de représentants d'investisseurs, banques et sociétés financières, émetteurs, français et internationaux, avec la participation, cette année, de délégations des pays du Golfe et d Asie du Sud Est. M. Gérard MESTRALLET rappelle que la Place de Paris subit le contrecoup de la crise financière, qui affecte en profondeur les modes de fonctionnement des marchés financiers. Cependant, il souligne qu en comparaison avec les autres places financières internationales, la Place de Paris a bien résisté, en raison de la qualité de la régulation, de son modèle bancaire équilibré entre les activités de banque d investissement et de banque de détail, et de l importance de son pôle de gestion d actifs. Dans ce contexte, Paris EUROPLACE a lancé un programme d actions ambitieux, réalisé avec l appui du BCG, pour accélérer la sortie de crise et définir la meilleure offre de services de la Place de Paris permettant aux entreprises d améliorer les conditions de leur compétitivité. 4 priorités d actions immédiates sont formulées pour accompagner la sortie de crise et améliorer la position concurrentielle de la Place de Paris dans l après-crise: - Restaurer la confiance dans les marchés financiers : les 2 actions clés concernent la relance du marché obligataire en développant un marché liquide pour les obligations d entreprises, fondé sur une plus grande transparence des prix pour l ensemble des acteurs, et la relance des activités d obligations foncières et de titrisation bancaire ; - Améliorer les conditions d accès des PME aux financements : les priorités d actions concernent une meilleure lisibilité des dispositifs d aide existants, la mise en place de fonds «solidaires» pour le renforcement des fonds propres des PME, y compris des projets portés par les pôles de compétitivité, le renforcement de l attractivité fiscale des FIP et FCPI, la relance de la notation risques des PME ; - Développer de nouvelles sources de financement pour les grandes entreprises : la priorité vise à confirmer la compétitivité de Paris par rapport aux autres places européennes pour la cotation des émissions obligataires et la mise en place de mesures incitatives pour la relance de l investissement en actions des investisseurs institutionnels sociétés d assurance et caisses de retraite ; - Accélérer le développement de l épargne financière de long terme : c est une priorité essentielle pour optimiser la gestion de l épargne française, la diriger vers le financement des grands projets utiles à l économie réelle et renforcer la compétitivité des métiers de marché. Il s agit de renforcer l attractivité de l assurance vie en exonérant d impôt sur le revenu les produits des contrats d une durée supérieure ou égale à 12 ans et de développer l épargne retraite collective via le PERCO.

79 5 domaines d actions prioritaires à moyen terme sont proposés : - Faire de Paris un pôle d excellence en matière de finance responsable et développement durable : 3 actions concernent le développement de la filière carbone, les aménagements réglementaires pour la création de fonds de microfinance et la mise en place d un environnement favorable à l investissement responsable ; - Développer les financements de projets : les orientations prioritaires visent l appui aux partenariats publics privés, le développement de nouvelles sources et modalités de financement de grands projets d infrastructures mondiaux ; - Redynamiser l activité de réassurance et d assurance grands risques/transports à Paris : Dynamiser l assurance maritime, aviation et transports ; développer la place de la réassurance française ; adopter des règles comptables et prudentielles adaptées à l investissement en actions des assureurs. - Développer des infrastructures de places intégrées et compétitives : il s agit de consolider les infrastructures zone Euro pour promouvoir un environnement de confiance et de positionner la place de Paris dans ces évolutions structurelles (compensation, règlement-livraison, bourses); - Promouvoir un environnement comptable et réglementaire adapté aux perspectives long terme : la priorité concerne l adaptation des modalités d application de Solvency II aux portefeuilles d actifs long terme, la poursuite du débat sur la refonte du principe de la juste valeur et la limitation des effets de seuil de la réglementation Bâle II. MM. Jean-Pierre JOUYET, Président, AMF et Jörgen HOLMQUIST, Directeur Général, Marché Intérieur et Services, Commission européenne, soulignent la nécessité de nouvelles avancées dans la régulation européenne et internationale pour ramener la confiance dans les marchés et conforter la compétitivité du marché intérieur européen. M. Arnaud de BRESSON, Délégué Général, Paris EUROPLACE, indique que la situation actuelle de crise financière incite la Place de Paris à approfondir les contacts et poursuivre le dialogue avec les places financières internationales. Plusieurs accords de coopération ont été signés avec le Dubai International Financial Center (DIFC), le Qatar Financial Centre Authority (QFCA) et l AAOIFI à Bahrein pour développer des initiatives en matière de cotation croisée, d échanges avec les investisseurs de long terme, de développement d activités de finance islamique, de systèmes de paiement A l occasion de la table ronde consacrée à la contribution de la finance au développement durable, les principales associations représentatives de la Place financière de Paris l Association Française de la Gestion d Actifs (AFG), l Association Française des Investisseurs Institutionnels (AF2I), la Fédération Bancaire Française (FBF) et la Fédération Française des Sociétés d Assurances (FFSA) annoncent la signature d une Charte de l Investissement Responsable des Acteurs de la Place de Paris. M. Gérard MESTRALLET, Président, Paris EUROPLACE a déclaré : "L'ensemble de ces actions constitue un véritable plan de bataille qui doit se traduire par des actions concrètes. En effet, la bonne résistance de la Place de Paris, dans la crise actuelle, lui ouvre une fenêtre de tir historique qui doit lui permettre de faire valoir ses atouts compétitifs, face aux grandes places financières mondiales. Je suis convaincu que, grâce à l'excellente coopération entre les acteurs privés et les acteurs publics, et notamment le soutien de Madame Christine LAGARDE, Ministre de l'economie, de l'industrie et de l'emploi, ce plan d'actions aboutira à des résultats rapides qui permettront à la Place de Paris, d'être dans une excellente position pour profiter de l'après crise". Les 16èmes Rencontres Financières Internationales Paris EUROPLACE ont été organisées grâce au concours des partenaires suivants: Agefi, Bluenext, BNP Paribas Najmah, Crédit Coopératif, Finance Innovation, Gide Loyrette Nouel, HSBC France, Institut Europlace de Finance (EIF), Mazars, Observatoire de la Communication Financière (OCF), Société Générale. Contact presse :Arnaud de BRESSON, Délégué Général Tél : [email protected]

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81 The Aftermath of the Crisis: Times of Dialogue and Opportunities New York, Monday, April 27, 2009 Venue: New York Stock Exchange - 11 Wall Street, New York USA 08:00 Welcome & Registration 08:30 08:45 Opening Address by Gérard MESTRALLET, Chairman, Paris EUROPLACE, Chairman & CEO, GDF SUEZ Part I: The Viewpoint of Market Users 08:45 09:45 Round Table 1: The European/US Roadmap to Face the Financial Crisis: the Viewpoint of Market Users Opening - Jean-Pierre JOUYET, Chairman, French Financial Markets Authority (AMF) - Ethiopis TAFARA, Director of the Office of International Affairs, Securities and Exchange Commission (SEC) Discussion - Alain DUBOIS, Chairman, Lyxor Asset Management - Robert D. HORMATS, Vice Chairman, Goldman Sachs International, - Gérard MESTRALLET, Chairman & CEO, GDF SUEZ - Georges PAUGET, Chief Executive Officer, Crédit Agricole S.A., Chairman, French Banking Federation (FBF) - Jean-François THEODORE, Deputy CEO, NYSE Euronext Group Moderator: Liz ALDERMAN, Business/Finance Editor, IHT NY Times 1

82 Part II: Business Opportunities Focus 09:45 10:45 Round Table 2: Carbon and Climate Finance: the New Deal - Pierre DUCRET, Director of Banking Services, Caisse des Dépôts - Serge HARRY, Chairman & CEO, Bluenext - Philippe ROSIER, President, Orbeo - Mark SCHWARTZ, Co-Partner and Chairman, MissionPoint Capital Partners Moderator: Jack COGEN, Founder and CEO, Natsource, Chairman, IETA 10:45 11:00 Coffee Break 11:00 11:30 Tax Session: The Benefits of the New Protocol to the French-US Tax Treaty by Ernst & Young - Eric FOUREL, Managing Partner Tax, Ernst & Young Paris - Jim TOBIN, Global Director International Tax Services, Ernst & Young NYC 11:30 12:45 Company Presentation Session: Promising Equity Sectors in Europe by CA Cheuvreux - Bruno BEZARD, Chief Executive, French Government Shareholding Agency (APE) - Arnaud ERBIN, Senior Vice President Financial Communication, GDF SUEZ - Gervais PELLISSIER, Chief Financial Officer, France TELECOM Moderator : Khaled BEYDOUN, Chief Executive Officer, CA Cheuvreux North America 12:45 12:55: Introduction by Duncan NIEDERAUER, Chief Executive Officer, NYSE Euronext 12:55-14:30 LUNCHEON hosted by Christine LAGARDE, French Minister of Economy, Industry and Employment 14:30 End of the Forum 2

83 Contact : Arnaud de BRESSON Paris EUROPLACE Managing Director Tel : [email protected] Paris EUROPLACE International Financial Forum New York, April 27, 2009 «The Aftermath of the Crisis: Times of Dialogue and Opportunities» PRESS RELEASE New York, April 27, 2009: Paris EUROPLACE, whose role is to represent and promote the Paris financial marketplace, organized its annual Financial Forum in New York on April 27 to foster dialogue regarding lessons of the financial crisis, restore confidence and develop new opportunities in financial markets. The Forum was attended by 300 French and US representatives of investors, issuers, banking and financial institutions, as well as regulators. Christine LAGARDE, French Minister for Economy, Industry and Employment addressed the global path toward resolving the financial crisis and implementing a global regulatory framework that is comprehensive, coordinated, and right-sized without stifling innovation, being too centralized or omitting territories, products and institutions. She also said that Paris is well-positioned in two emerging areas of finance Islamic finance and carbon trading where she sees new competition with other centers of global finance, and she praised US President Barack OBAMA for his support for carbon cap-and-trade and his goals of a greener world. Gérard MESTRALLET, Chairman of Paris EUROPLACE, indicated that the recent conclusions of the G20 summit represent positive steps to identify the problems arising from the financial crisis and to apply solutions, notably in terms of better regulation for international markets. However, Gérard MESTRALLET stressed that "the devil will be in the details and Paris EUROPLACE will follow attentively how the principles proposed at the G20 are going to be implemented. According to Paris EUROPLACE, top priorities are: adapting accounting standards to the current economic model of businesses; reviewing International Accounting Standards Board governance with respect to fuller participation of users; implementing capital ratios with dynamic provisioning that are compatible with economic stimulation; and adoption of balanced hedge fund regulations. Jean-Pierre JOUYET, Chairman, French Financial Markets Authority (AMF), insisted on the necessity to accelerate international regulation convergence. A key priority is to improve transparency in market practices. Gérard MESTRALLET underlined that the Paris marketplace has better resisted the crisis than many other international financial centers, thanks to: - the quality of regulation: the Paris financial marketplace benefits from a good balance between investor protection and an attractive financial center governed by a new set of

84 European regulations, and has experienced the professionalism of its regulators and the best dialogue between professionals and regulators in the management of the present crisis; - the French model of global financial services based on diversified business supported by retail banking for the distribution of financial products and less leveraged activity; - and the capacities in terms of education and research with a special focus on risk management and the future of financial innovation. Georges PAUGET, Chairman of the French Banking Federation, underlined the quality of the confidence in the main French banks, as testified by European inquiries. To strengthen its position, a new action plan has been adopted by the Paris EUROPLACE Board which takes lessons from the financial crisis and suggests new concrete measures to improve the attractiveness of the Paris financial center. Among the most urgent priorities: - "Restoring confidence in markets," chaired by Michel PEBEREAU, Chairman of BNP Paribas: a working group has been launched to make immediate proposals to the Paris financial market to restore confidence between the financial sector and its environment, stimulate the finance operations of businesses, and contribute to G20 work in terms of regulatory legal matters, accounting standards, standardization of OTC products, and making financial products simpler and more transparent. - "Financing SMEs," chaired by René RICOL, National Credit Mediator: the aim is to propose new measures to the market in order to expedite the financing of SME in both credit and equity, and to better target and speed savings invested in SME. - "Issuers and Financial Services," chaired by Patricia BARBIZET, Chief Executive of Artemis: to stimulate the financing circuits, especially investment in equities and the secondary bond market, and to improve the quality of financial services. Among other priorities: development of long-term asset management and savings, development of project financing, new guidelines for derivative products, acceleration of environmental finance & Social Responsible Investments, research and financial innovation. The Paris EUROPLACE Financial Forum was organized in partnership with Caisse des Dépôts, CA Cheuvreux, Ernst & Young and NYSE Euronext, as well as media sponsors BusinessWire and The New York Times/International Herald Tribune. * * * About Paris EUROPLACE The mission of Paris EUROPLACE, a non-for-profit organisation created in 1993, is to develop and further modernize the Paris financial market and promote its key advantages at the regional, European and international level. Paris EUROPLACE, which today gathers 150 member institutions, brings together a multiplicity of players in the financial industry: corporate issuers, financial intermediaries, asset management companies, law and accounting firms and consultancies all of which participate to the association s actions and activities. Paris EUROPLACE also contributes to the competitiveness clusters program, and aims at making the Paris financial market a full-fledged center, thereby confirming its leading position, particularly in asset management and financial research. Web Site :