BNP Paribas Investment Partners

The full circle of expertise

December 2008

2

Introducing BNP Paribas Investment Partners

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

3

Introducing BNP Paribas Investment Partners

Built on a full circle of expertise

Money

mark

ets

Euro

pean

fixed

inco

me

Equi

ties

Stru

ctur

ed in

vest

men

ts

Asse

t Allo

catio

n

Multi-management

Wealth management

Employee retirement

Funds of hedge funds

Hedge funds

Currency management

Cred

it and

stru

cture

d cre

dit

Private equity

Global fixed income EnvironmentalIndex

ed m

anag

emen

t

& savings schemesCh

ina

Kore

a

Braz

il

Saud

i Arab

ia

Indi

a

Turk

ey

Moro

cco

Arge

ntina

Chile

4

Introducing BNP Paribas Investment Partners

Americas 324

Asia Pacific 553

● Bahrain● Casablanca● Riyadh▲Kuwait

Middle EastAfrica 31

Europe 1519

● BNP Paribas Asset Management● BMCI Gestion● SAIB BNP Paribas Asset Management

● Boston● New York

● Buenos Aires● Santiago● São Paulo▲Montevideo

● FundQuest

● BNP Paribas Asset Management● Fischer Francis Trees & Watts● Fridson Investment Advisors

● BNP Paribas Asset Management

● BNP Paribas Asset Management

The benefits of an international group● Istanbul

● London

● Madrid

● Milan

● Paris

▲Amsterdam▲Budapest▲Frankfort▲Geneva▲Lisbon▲Luxembourg▲Prague▲Vienna▲Zurich

● Chennai

● Hong Kong

● Seoul

● Shanghai

● Singapore

● Tokyo

▲Beijing▲Brunei▲Kuala Lumpur▲Melbourne▲Sydney▲Taipei

Asset Management and Client Servicing Centres

Client Servicing Centres

Number of EmployeesSource: BNP Paribas Asset Management as at September 30, 2008

● SYWG BNP Paribas Asset Management● Fischer Francis Trees and Watts

● BNP Paribas Asset Management● Overlay Asset Management

● Shinhan BNP Paribas AMC

● Sundaram BNP Paribas Asset Management● BancoEstados Administradora General de Fondos

● 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

● BNP Paribas Asset Management

● TEB BNP Paribas Asset Management

● BNP Paribas Asset Management● Fauchier Partners● Fischer Francis Trees and Watts● FundQuest● Impax● Overlay Asset Management

● BNP Paribas Asset Management

5

Introducing BNP Paribas Investment Partners

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

6

Introducing BNP Paribas Investment Partners

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**

Source: BNP Paribas Asset Management as at 31 December 2008 * Including assets under advice** Assets under advice excluded

Asset Allocation

21%

Equities15%

Bonds & Convertibles 18%

Alternative & Currency Overlay 7%

Structured Investments

5%Indexed

Investments 3%

Money Market

31%

Third-partyDistribution

17%

Retail & Private Banking

36%

Institutions 47%

7

Introducing BNP Paribas Investment Partners

A large institutional client base

● Assets under management: €173 billion*

Breakdown by client segment** Geographical breakdown**

41%

Insurance Companies11% Pension Funds

18%

Banks & Financials Institutions 28 %

Associations & Foundations 1%

Central banks & Supranationals& Government agencies

15%

Corporates 18%

Employee Savings Plans3%

Asia 11%

Middle East - Africa 7%

France 61%

Others 5%

Europe (ex France) 12%

Americas9 %

Source: BNP Paribas Asset Management as at 31 December 2008* Including assets under advice** Assets under advice excluded

8

Introducing BNP Paribas Investment Partners

Global framework ~ Part of BNP Paribas Group

French Retail Bank

International Retail Banking & Financial

Services

BNL Banca

Commerciale

BNP PARIBAS

Retail Bank Asset Management & Services Corporate and Investment Banking

BNP Paribas Investment Partners

Distribution & Business DevelopmentInvestment Management Support Functions

BNP Paribas Securities Service

BNP Paribas Private Bank

BNP Paribas Real Estate

BNP Paribas Assurance

BNP Paribas Personal Investors

9

Introducing BNP Paribas Investment Partners

Multi-specialist approach ~ Expertise that works for you

● Putting the client first by locating our Client Relationship Managers close to their markets● Ensuring suitable investment solutions through dialogue with product specialists

EQUITY

• Global and Regional Equities

• Equities – market cap and style portfolios

• Emerging Markets

FIXED INCOME

• Global Fixed Income and Credit Management

• European Fixed Income

• Total Return• Money Markets

ALTERNATIVES

• Hedge Funds • Funds of Hedge

Funds• Private Equity• Multi-Strategy• Currency

Management

MULTI-EXPERT SOLUTIONS

• Structured Products• Indexed Products• Asset Allocation• Multi-Management• Wealth

Management

• Retirement & Saving Schemes

BNP Paribas Investment Partners

10

Introducing BNP Paribas Investment Partners

Expa

ndin

g in

vest

men

t opp

ortu

nity

set

& e

xper

tise

Time

1964

BNP and Paribas establish their asset management business

2001

• Overlay AssetManagement (Foreign exchange)

• Fauchier Partners(Funds of hedge funds)

2000BNP and Paribas merge

Multi-Specialist Approach ~ Thinking ahead

1999

Fischer Francis Trees & Watts (Global fixed income)

1998• Shinhan BNP

Paribas AMC(Korea)

• BMCI Gestion (Morocco)

2004

SYWG BNP Paribas Asset Management

(China)

2006

BNP Paribas Private Equity

2005

• FundQuest (Multi-management)

• Exchange Traded Funds (EasyETF)

• Sundaram BNP Paribas Asset Management(India)

• TEB Asset Management(Turkey)

2007

Impax(Environmental markets)

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)

11

Introducing BNP Paribas Investment Partners

Serving youas a partner

FOLLOW UP

EVALUATION

IMPLEM

ENTATION

AWARENESS

Awareness of specific client needs

Leverage global resources and expertise

PRODUCT SPECIALISTSMULTI-SPECIALISTS

CLIENT SERVICE MANAGERS

Partnership philosophy ~ Promoting excellence

CLIENT RELATIONSHIP MANAGERS

Ability to tailor client reporting and service

Respond to evolving needs

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

12

Introducing BNP Paribas Investment Partners

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

13

Introducing BNP Paribas Investment Partners

Contact details and disclaimer

Contact details:

● "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.

Call Toll Free

(BSNL & MTNL ONLY) – 1800-425-1000

All Service Providers – 044 -28578700service@sundarambnpparibas.in