Edmond Defontenay, Société Générale Asset Management

Société Générale Asset Management

Société Générale Asset Management 2

Backing of Société Générale GroupSociété Générale: a renowned shareholder

Created in 1996, SGAM is the asset management arm of Société Générale (SG).

SGAM comes under the “Global Investment Management & Services” division, one of the SG’s six core businesses.

* RATING

S&P: AA-Moody’s: Aa2Fitch: AA-

Corporate & Investment

Banking

SOCIETE GENERALE GROUP *

Société Générale Retail Banking in

France

Global Investment Management & Services

(GIMS)

Société Générale Securities Services

SG Private Banking

Boursorama

(On-line Investment)

GIMS

Specialized Financial Services

Retail Banking Outside France

Crédit du Nord

Société GénéraleAsset Management

Chairman & CEO: Jean-Pierre Mustier

Société GénéraleAsset Management

Chairman & CEO: Jean-Pierre Mustier

Newedge

(Mutli Asset brokerage)

Data as at October 2008


A global expertiseAt end-September 2008

Total AuM: USD 426.2 bn

3,017 specialists across the globe*,

including more than 740 fund managers and analysts

EUROPEEUROPE

SGAM in Asia

862 people

Tokyo Hong Kong Singapore

Exclusive StrategicPartnerships

China (FSFMC) India (SBI FM) Korea (IBKSGAM)

AuM: USD 38.3 bn

SGAM in Asia

862 people




AuM: USD 38.3 bn

US Equities US Fixed Income Emerging Debt Asia Pacific inc-Japan Equities

Asia Pacific ex-Japan Equities Chinese Equities Indian Equities Korean Equities Japanese Equities Japanese Bonds

Global Equities European Equities Emerging Markets Equities Global Fixed Income European Fixed Income Money Market products Balanced Funds

Structured Products / Index-Linked Management Hedge Funds Private Equity Real Estate

Futures Funds Global Macro Funds

UNITED STATESUNITED STATES

ASIAASIA

* Including the Strategic Exclusive Partnerships in Asia

SGAM in Europe

1386 people

Paris London

AuM: USD 269.8 bn

SGAM in Europe

1386 people

Paris London

AuM: USD 269.8 bn

SGAM in North America

769 people

New York Los Angeles

AuM: USD 118.1 bn


769 people


AuM: USD 118.1 bn

Total AuM: USD 426.2 bn

3,017 specialists across the globe*,

including more than 740 fund managers and analysts

EUROPEEUROPE

SGAM in Asia

862 people




AuM: USD 38.3 bn

SGAM in Asia

862 people




AuM: USD 38.3 bn

US Equities US Fixed Income Emerging Debt Asia Pacific inc-Japan Equities

Asia Pacific ex-Japan Equities Chinese Equities Indian Equities Korean Equities Japanese Equities Japanese Bonds

Global Equities European Equities Emerging Markets Equities Global Fixed Income European Fixed Income Money Market products Balanced Funds

Structured Products / Index-Linked Management Hedge Funds Private Equity Real Estate

Futures Funds Global Macro Funds

UNITED STATESUNITED STATES

ASIAASIA

* Including the Strategic Exclusive Partnerships in Asia

SGAM in Europe

1386 people

Paris London

AuM: USD 269.8 bn

SGAM in Europe

1386 people

Paris London

AuM: USD 269.8 bn


769 people


AuM: USD 118.1 bn


769 people


AuM: USD 118.1 bn


SGAM: a strong commitment in Asia through acquisitions and partnershipsAt end-September 2008

SGAM Japan: $ 19 bn

Fortune SGAM: $ 6.7 bn

SBI FM: $ 6.8 bn

IBK SGAM: $ 4.2 bn

SGAM Singapore / HK: $ 1.6 bn

Asset under management in Asia: $ 38.3 bn

Reinforced management capacity and access to 350 million potential clients in the zone

Japan• Creation of SGAM Japan in January 1998 following acquisition of Yamaichi

Securities’ management subsidiary• Acquisition of Resona Asset Management in 2004: 14 million customers

Hong Kong • Established in 2002. Since 2006 SGAM Hong Kong has become the sales,

marketing and product development centre for Asia ex-Japan• Management centre for Greater China equities

Singapore• SGAM’s first office established in Asia in 1989• Management centre for Asia-Pacific ex-Japan equities• Asia ex-Japan regional administration and operations centre

China• Fortune SGAM Joint Venture: 6th foreign asset manager in China• Distribution agreements with China Construction Bank and Bank of China (150

million customers) India

• Creation of a Joint Venture, SBI FM, in December 2004 with the local banking leader SBI: a network of 14,300 branches, 146 million customers

Korea• Partnership with Korea’s fourth largest bank, IBK (Industrial Bank of Korea): a

network of 500 branches

Seoul – IBKSGAM

Tokyo – SGAM Japon

Shanghai – Fortune SGAM

Hong Kong – SGAM Hong Kong

Mumbai – SBI FM

Singapore – SGAM Singapore

Sydney – SGAM Australia


Historical growth of assets under managementAt end-September 2008

426.2

80.7

135.2151.3

243.2

363.4

466.2

526.5

1996 1998 2000 2002 2004 2006 2007 September2008

.

Assets under Management at end-September 2008$426.2 bn

Equities

Short Term

Balanced

Alternative

Bonds

$77.7 bn

$70.1 bn

$62.5 bn

$66.0 bn

$150.0 bn

x 5


ING Baraka Capital Protected Launch date : July 3rd, 2007 USD 147M, 3-years Islamic Retail fund 100% Capital Protected at maturity Participation rate : 100% to Baraka Index

ING Baraka Capital Protected II Launch date : September 21st, 2007 USD 75M, 3-years Islamic Retail fund 100% Capital Protected at maturity Participation rate : 100% to Baraka Index

SGAM recent success - Islamic productsMalaysia

ING Baraka Commodities Capital Protected Launch date : November 26th, 2007 USD 92M, 3-years Islamic Retail fund 100% Capital Protected at maturity Participation rate : 100% to Baraka Commodities

Index

ING Baraka Commodities Capital Protected II Launch date : August 7th, 2008 USD 54M, 3-years Islamic Retail fund 100% Capital Protected at maturity Participation rate : 100% to Baraka Commodities

Index

SIZE: 494 000 000 USD

An Najah NID-i Structured Investment Launch date : September 30th, 2008 USD 97M, 3-years Islamic Structured Deposit 100% Capital Protected at maturity Participation rate : 100% to Baraka Aging

Population

Maybank Baraka Structured Deposit Launch date : August 7th, 2007 USD 29M, 3-years Islamic Structured Deposit 100% Capital Protected at maturity Participation rate : 100% to Baraka Index


Maybank Prestige Structured Deposit Launch date : January 29th, 2008 USD 21M, 3-years Islamic Structured Deposit 100% Capital Protected at maturity Participation rate : 60%

SGAM recent success - Islamic productsBrunei & Singapore

TAIB Baraka Deposit Certificate Launch date : June 25th, 2007 USD 21M, 5-years DPI Management 100% Capital Protected at maturity Coupon up to 6% each year

TAIB Baraka Deposit Certificate II Launch date : September 25th, 2007 USD 14M, 5-years DPI Management 100% Capital Protected at maturity Coupon up to 6% each year

SIZE: 56 000 000 USD


Baraka Certificate Launch date : July 19th, 2006 USD 18M, 3-years Structure: Murabaha + Arbun 100% Capital Protected at maturity Participation rate : 100%

Baraka Protected Certificate Launch date : August 6th, 2007 USD 13M, 2-years Structure: Murabaha + Arbun 90% Capital Protected at maturity Participation rate : 160%

SGAM recent success - Islamic productsEurope & Middle East

Baraka Certificate – Series II Launch date : November 17th, 2007 USD 9M, 3-years Structure: Murabaha + Arbun 100% Capital Protected at maturity Participation rate : 100%

SGAM AI Sharia’h Liquidity

Launch date : June 6th, 2008 USD 30M, 18-month Structure: Murabaha Money market return Daily liquidity

SIZE: 70 000 000 USD

Documents

Edmond Defontenay, Société Générale Asset Management