Analyst Coverage

FIRM	Analyst
WESTLB RESEARCH	ANDREAS SCHAEFER
AUTONOMOUS RESEARCH	ANDREW CREAN
BBVA GLOBAL MARKETS RESEARCH	SILVIA RIGOL CARNEIRO
BERENBERG	MICHAEL BROOM
BOFA MERRILL LYNCH INTL.	BLAIR STEWART
BRYAN GARNIER	OLIVIER PAUCHAUT
CA CHEUVREUX	ATANASIO PANTARROTAS
CITI	RAGHU HARIHARAN
CM-CIC SEC (ESN)	PIERRE CHEDEVILLE
COLLINS STEWART & CO.	BEN COHEN
CREDIT SUISSE - EUROPE	RICHARD BURDEN
DAIWA CAPITAL MARKETS	TIM PROUDLOVE
DEUTSCHE BANK SECURITIES	OLIVER STEEL
EXANE BNP PARIBAS	THOMAS JACQUET
ESPIRITO SANTO	JOY FERNEYHOUGH
GOLDMAN SACHS & CO.	COLIN SIMPSON
GRUPO SANTANDER	VALVANERA GOMEZ PASTOR
HSBC GLOBAL RESEARCH	KAILESH MISTRY / THOMAS FOSSARD
INDEPENDENT RESEARCH	STEFAN BONGARDT
J.P. MORGAN	ANDREAS DE GROOT VAN EMBDEN
JEFFERIES & CO.	JAMES SHUCK
KEEFE BRUYETTE & WOODS LIMITED	RALPH HEBGEN
KEPLER CAPITAL MARKETS	PIERRE FLABBEE
MF GLOBAL	CRAIG BOURKE
MORGAN STANLEY	FAROOQ HANIF
NATIXIS SECURITIES	BENOIT VALLEAUX
NOMURA INTERNATIONAL PLC	NICK HOLMES
ODDO SECURITIES	NICOLAS JACOB
RAYMOND JAMES EURO EQUITIES	DANNY JACQUES
REDBURN PARTNERS	PAUL GOODHIND / LANCE BURBIDGE
ROYAL BANK OF CANADA	JEAN-FRANCOIS TREMBLAY
SILVIA QUANDT	CHRISTIAN MUSCHICK
SOCIETE GENERALE	EMMANUELLE CALES
UBS	MARC THIELE
UNICREDIT	MARK CATHCART

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.