BNP Paribas Investment Partners

1. BNP Paribas Investment Partners The full circle of expertise December 2008

2. Your interest at the centre • Global framework: • Proximity to our clients worldwide through our local presence • Financial resources from BNP Paribas Group • Multi-specialist approach: • Empowering our asset managers with investment autonomy within dedicated business entities • Combining expert skills in tailor-made solutions • Partnership philosophy: • Bringing you immediate access to the finest specialised players through a unique partnership approach • Maintaining your interest, as our most valued partner, at the centre Introducing BNP Paribas Investment Partners

3. Structured investments Equities Asset Allocation European fixed income Credit and structured credit Money markets Indexed management Global fixed income Environmental Currency management Multi-management Hedge funds Wealth management Funds of hedge funds Employee retirement Private equity & savings schemes Saudi Arabia Morocco Argentina Turkey Chile India China Brazil Korea Built on a full circle of expertise Introducing BNP Paribas Investment Partners

4. ● TEB BNP Paribas Asset Management ● BNP Paribas Asset Management ● Fauchier Partners ● Fischer Francis Trees and Watts ● FundQuest ● Impax ● Overlay Asset Management ● Antin Infrastructure Partners ● BNP Paribas Asset Management ● BNP Paribas Épargne & Retraite Entreprises ● BNP Paribas Gestion Privée sous Mandat ● BNP Paribas Private Equity ● Cardif Asset Management ● FundQuest ● Overlay Asset Management ● BNP Paribas Asset Management ● FundQuest ● BNP Paribas Asset Management ● BNP Paribas Asset Management ● BNP Paribas Asset Management ● BNP Paribas Asset Management ● Fischer Francis Trees & Watts ● Fridson Investment Advisors ● BancoEstados Administradora General de Fondos ● BNP Paribas Asset Management ● BMCI Gestion ● SYWG BNP Paribas Asset Management ● Sundaram BNP Paribas Asset Management ● BNP Paribas Asset Management ● Overlay Asset Management ● SAIB BNP Paribas Asset Management ● Shinhan BNP Paribas AMC ● Fischer Francis Trees and Watts ● BNP Paribas Asset Management Client Servicing Centres Asset Management and Client Servicing Centres Number of Employees The benefits of an international group ● Istanbul ● London ● Madrid ● Milan ● Paris ▲Amsterdam ▲Budapest ▲Frankfort ▲Geneva ▲Lisbon ▲Luxembourg ▲Prague ▲Vienna ▲Zurich Europe 1519 Americas 324 ● Boston ● New York Middle East Africa 31 Asia Pacific 553 ● Buenos Aires ● Santiago ● São Paulo ▲Montevideo ● Bahrain ● Casablanca ● Riyadh ▲Kuwait ● Chennai ● Hong Kong ● Seoul ● Shanghai ● Singapore ● Tokyo ▲Beijing ▲Brunei ▲Kuala Lumpur ▲Melbourne ▲Sydney ▲Taipei Source: BNP Paribas Asset Management as at September 30, 2008 Introducing BNP Paribas Investment Partners

5. A culture based on shared values • Consistency of processes: • In order to sustain success, all partners recognise that a consistent approach to the investment process and client service is key • Entrepreneurial spirit: • Passion for innovation • Ability to anticipate and react to market developments • Investment autonomy: • Nurturing talent within dedicated investment teams • Preserving successful business cultures • Openness: • Constantly on the lookout for new investment tools and market insight • Sharing ideas among the Partners Introducing BNP Paribas Investment Partners

6. A strong, diversified business • BNP Paribas Investment Partners: • Assets under management: €305 billion* • International presence: 2,384 professionals worldwide in 33 countries • Financial strength: Part of BNP Paribas Group Breakdown by asset class** Breakdown by client type** Third-partyDistribution17% Equities15% Asset Allocation21% Bonds & Convertibles 18% Money Market 31% Retail & Private Banking 36% Institutions 47% Alternative & Currency Overlay 7% Structured Investments 5% Indexed Investments 3% Source: BNP Paribas Asset Management as at 31 December 2008 * Including assets under advice ** Assets under advice excluded Introducing BNP Paribas Investment Partners

7. A large institutional client base • Assets under management: €173 billion* Breakdown by client segment** Geographical breakdown** Others 5% Americas9 % Asia 11% Insurance Companies11% Pension Funds 18% Middle East - Africa 7% Europe (ex France) 12% Employee Savings Plans3% 41% Corporates 18% Banks & Financials Institutions 28 % Central banks & Supranationals& Government agencies 15% Associations & Foundations 1% France 61% Source: BNP Paribas Asset Management as at 31 December 2008 * Including assets under advice ** Assets under advice excluded Introducing BNP Paribas Investment Partners

8. Global framework ~ Part of BNP Paribas Group BNP PARIBAS Retail Bank Asset Management & Services Corporate and Investment Banking French Retail Bank International Retail Banking & Financial Services BNL Banca Commerciale BNP Paribas Investment Partners BNP Paribas Assurance BNP Paribas Private Bank BNP Paribas Securities Service BNP Paribas Personal Investors BNP Paribas Real Estate Investment Management Distribution & Business Development Support Functions Introducing BNP Paribas Investment Partners

9. Multi-specialist approach ~ Expertise that works for you BNP Paribas Investment Partners • Putting the client first by locating our Client Relationship Managers close to their markets • Ensuring suitable investment solutions through dialogue with product specialists • EQUITY • FIXED INCOME ALTERNATIVES MULTI-EXPERT SOLUTIONS • Global and Regional Equities • Equities – market cap and style portfolios • Emerging Markets • Global Fixed Income and Credit Management • European Fixed Income • Total Return • Money Markets • Hedge Funds • Funds of Hedge Funds • Private Equity • Multi-Strategy • Currency Management • Structured Products • Indexed Products • Asset Allocation • Multi-Management • Wealth Management • Retirement & Saving Schemes Introducing BNP Paribas Investment Partners

10. Multi-Specialist Approach ~ Thinking ahead 2008 • Fridson Investment Advisors(US Corporate credit markets) • Antin Infrastructure Partners(Infrastructure funds) • SAIB BNP Paribas Asset Management (Saudi Arabia) • BancoEstado Administradora General de Fondos(Chile) 2007 Impax(Environmental markets) 2006 BNP Paribas Private Equity 2005 • FundQuest (Multi-management) • Exchange Traded Funds (EasyETF) • Sundaram BNP Paribas Asset Management(India) • TEB Asset Management(Turkey) 2004 SYWG BNP Paribas Asset Management (China) Expanding investment opportunity set & expertise • 2001 • Overlay AssetManagement(Foreign exchange) • Fauchier Partners(Funds of hedge funds) 2000 BNP and Paribas merge 1999 Fischer Francis Trees & Watts (Global fixed income) • 1998 • Shinhan BNP Paribas AMC(Korea) • BMCI Gestion (Morocco) 1964 BNP and Paribas establish their asset management business Time Introducing BNP Paribas Investment Partners

11. Partnership philosophy ~ Promoting excellence CLIENT SERVICE MANAGERS CLIENT RELATIONSHIP MANAGERS FOLLOW UP • Ability to tailor client reporting and service • Respond to evolving needs • Awareness of specific client needs • Leverage global resources and expertise AWARENESS Serving youas a partner IMPLEMENTATION MULTI-SPECIALISTS PRODUCT SPECIALISTS EVALUATION • Benefit from investment autonomy and entrepreneurial ownership • Ability to innovate and invest in sustainable competitive advantages • Evaluate and define investment goals • Engage with clients to develop tailored investment solutions Introducing BNP Paribas Investment Partners

12. Built to help our clients meet their goals: • Global framework identifies your specific needs and enables you to tap into our pool of knowledge and investment solutions • Multi-specialist approach empowers our investment partners to focus on producing strong, long-term investment results for you • Partnership philosophy instils a sense of purpose and commitment to excellence • Our platform combines the best of both worlds and gives you one convenient point of entry Introducing BNP Paribas Investment Partners

13. Contact details and disclaimer Call Toll Free (BSNL & MTNL ONLY) – 1800-425-1000 All Service Providers – 044 -28578700 service@sundarambnpparibas.in • "BNP Paribas Investment Partners" is the global brand name of the BNP Paribas group's asset management services. The individual asset management entities within BNP Paribas Investment Partners are specified herein for information only and do not necessarily carry on business in your jurisdiction. For further information, please contact your locally licensed Investment Partner. This document is being distributed in the UK by BNPP AM UK, regulated by FSA.( to be adapted according to the country & partner). • The contents of this presentation are based upon sources of information believed to be reliable, but no warranty or declaration, either explicit or implicit, is given as to their accuracy or completeness. This presentation is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. • Historical returns are provided for illustrative purposes only and do not necessarily reflects our expectations for the future. The value of your investments may fluctuate. Results obtained in the past are no guarantee for the future. • No rights whatsoever are licensed or assigned or shall otherwise pass to persons accessing this information. This presentation may not be copied, without the prior written consent of BNPP IP. Introducing BNP Paribas Investment Partners