Analyst Coverage

FIRM	Analyst
WHITNAM HOWARD	CRAIG BOURKE
AUTONOMOUS RESEARCH	ANDREW CREAN
BANCO SABADELL	MARIA PAZ OJEDA FERNANDEZ
BARCLAYS	CLAUDIA GASPARI
BBVA	SILVIA RIGOL CARNEIRO
BERENBERG	PETER ELIOT
BOFA MERRILL LYNCH INTL.	BLAIR STEWART
BRYAN GARNIER	OLIVIER PAUCHAUT
CA CHEUVREUX	ATANASIO PANTARROTAS
CITI	FAROOQ HANIF
CM-CIC SEC (ESN)	PIERRE CHEDEVILLE
CREDIT SUISSE	RICHARD BURDEN
DEUTSCHE BANK	OLIVER STEEL
ESPIRITO SANTO INVESTMENT BANK	JOY FERNEYHOUGH
EXANE BNP PARIBAS	THOMAS JACQUET / FRANCOIS BOISSIN
GOLDMAN SACHS	WILLIAM ELDERKIN
HELVEA	DANIEL BISCHOF
HSBC	KAILESH MISTRY / THOMAS FOSSARD
INDEPENDENT RESEARCH	STEFAN BONGARDT
J.P. MORGAN	ANDREAS DE GROOT VAN EMBDEN
KEEFE BRUYETTE & WOODS	RALPH HEBGEN
KEPLER	FABRIZIO CROCE
MACQUARIE	NEIL WELCH
MAINFIRST	FEDERICO SALERNO
MEDIOBANCA	MARC THIELE
MORGAN STANLEY	JON HOCKING
NATIXIS SECURITIES	BENOIT VALLEAUX
NOMURA INTERNATIONAL PLC	MICHAEL KLIEN
ODDO SECURITIES	NICOLAS JACOB / MAXIME DUPUIS
RAYMOND JAMES EURO EQUITIES	DANNY JACQUES / RAPHAEL CARUSO
REDBURN PARTNERS	LANCE BURBIDGE
ROYAL BANK OF CANADA	GORDON AITKEN
SOCIETE GENERALE	NICK HOLMES

AXA is followed regularly principally by the analysts listed above. Please note that any opinions, estimates or forecasts regarding AXA's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of AXA or its management. AXA does not endorse or express any opinion on the information, conclusions or recommendations of any of the above analysts.
No assurance is given that the above list is current or complete and it may change from time to time as analysts change their coverage. AXA undertakes no obligation to update this list. AXA does not distribute information or reports prepared by analysts.