Analyst Coverage

FIRM	Analyst
WESTLB RESEARCH	ANDREAS SCHAEFER
AUTONOMOUS RESEARCH	ANDREW CREAN
BBVA GLOBAL MARKETS RESEARCH	SILVIA RIGOL CARNEIRO
BOFA MERRILL LYNCH INTL.	BLAIR STEWART
CA CHEUVREUX	JEAN D'HERBECOURT
CITI	WILLIAM ELDERKIN
CM-CIC SEC (ESN)	PIERRE CHEDEVILLE
COLLINS STEWART & CO.	BEN COHEN
CREDIT SUISSE - EUROPE	PAUL LLOYD / RICHARD BURDEN
DAIWA INSTITUTE OF RESEARCH EUROPE	TIM PROUDLOVE
DEUTSCHE BANK SECURITIES	OLIVER STEEL
EXANE BNP PARIBAS	THOMAS JACQUET
EXECUTION LIMITED	JOY FERNEYHOUGH
GOLDMAN SACHS & CO.	JOHNNY VO
GRUPO SANTANDER	VALVANERA GOMEZ PASTOR
HELVEA	MARC EFFGEN
HSBC GLOBAL RESEARCH	KAILESH MISTRY / THOMAS FOSSARD
ING FINANCIAL MARKETS	CHARLES GRAHAM
J.P. MORGAN	DUNCAN RUSSELL
JEFFERIES & CO.	JAMES SHUCK
KEEFE BRUYETTE & WOODS LIMITED	RALPH HEBGEN / WILLIAM HAWKINS
KEPLER CAPITAL MARKETS	PIERRE FLABBEE
MACQUARIE CAPITAL	MICHAEL BROOM
MF GLOBAL	PETER ELIOT
MORGAN STANLEY	FAROOQ HANIF
NATIXIS SECURITIES	BENOIT VALLEAUX
NOMURA INTERNATIONAL PLC	NICK HOLMES
ODDO SECURITIES	NICOLAS JACOB
OPPENHEIM RESEARCH GMBH	STEPHAN KALB
RAYMOND JAMES EURO EQUITIES	DANNY JACQUES
REDBURN PARTNERS	PAUL GOODHIND / LANCE BURBIDGE
ROYAL BANK OF SCOTLAND	JEAN-FRANCOIS TREMBLAY
SOCIETE GENERALE	EMMANUELLE CALES
UBS	MARC THIELE

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.