Markets and Strategy

Disclaimers

The information, statements or data contained herein has been prepared by AXA Investment Managers. AXA assumes no responsibility for  the information, statements or data contained herein or omitted herefrom. Such information, statements or data may not be prepared according to the same standards and requirements than the information, statements or data included in AXA's own reports and press releases are prepared to, and accordingly the level of information and materiality and nature of the disclosures may be different. Undue reliance should not be placed on the information, statements or data contained herein because they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results to differ materially from those expressed or implied in such information, statements or data. Moreover, the information, statements and data contained herein have not been, and will not be, updated or supplemented with new or additional information, statements or data.

AXA Investment Managers

AXA Investment Managers is one of AXA Group's asset managers. AXA IM manages assets under management of €550 billion and has 2,800 employees in 19 countries*.
*at 31 March 2007

Web Site : www.axa-im.co.uk