flash awards

www.am.natixis.com

May 2010

Natixis asset Management awarded

at the Le Revenu Trophies 2010

COrPOraTE aNd INVEsTMENT BaNKING / INVEsTMENT sOlUTIONs / sPECIaLIZEd FINaNCIaL sErVICEs

Golden TrophyBest range of international bond funds(Category "Specialist providers")

Golden TrophyBest range of balanced funds(Category "Insurers" for CNP)

Golden TrophyBest overall performance(Category "Insurers" for CNP)

Silver TrophyBest range of euro bond funds(Category "Network banks" for Caisses d’Epargne)

Silver TrophyBest range of sector funds(Category "Network banks" for Banque Populaire)

Bronze TrophyBest range of euro equities funds(Category “Insurers" for CNP)

Natixis Asset Management(1) walked away, on May 27th, with 6 trophies in recognition of its fund expertise and performance at the 2010 Le Revenu Trophies.

Natixis Asset Management received 6 awards in the category “Network banks”, “Insurers” and “Specialist providers” over 3 years.

In this, the 24th year of the awards, a total of 80 prizes were presented across three main categories, based on a rigorous marking system for the 8,000 funds in contention(2):

n the “Best Fund Range” Trophies(3)

n the “Best Fund” Trophies(4)

n the “Best Overall Performance” Trophies for ranges(5)

In order to win, the funds or fund ranges had to strike the best balance between risk and return of their peer groups(6) in the various categories, measured over three years or ten years.

Source: Le Revenu Placements - June 2010

www.am.natixis.com

flash awards 2010

The figures mentioned refer to previous years. Past performance or reference to any rankings or awards cannot be interpreted as indicating the future

performance of the fund or its manager.

(1) Eligible institutions:“Network banks” with at least 100 branches, “Insurers” or “Specialist providers”.

(2) Eligible funds:This year, 8,000 funds (SICAVs and FCPs) authorized for sale in France were in contention.These funds had to have been rated by EuroPerformance for at least three years as of March 31, 2010.Only those funds that allow subscriptions of less than EUR 5,000 were eligible.Similarly, funds designated for institutional clients by their promoters were not considered.

Special cases:

n International equity funds: European equity funds are no longer eligible for these awards. As their scores and risk levels were closer to those of euro-zone equity funds, they were moved to that category (with the exception of equity funds specializing in the emerging countries of central and Eastern Europe, which compete in the international equities category).

n Mixed funds: Money market funds under the PEA (stock market savings plan) scheme were not included, as their risk profile is similar to that of money market SICAVs, which would have distorted the ranking.

n International bond funds: In the current environment, funds for which currency risk is hedged were not included, as Le Revenu believes that their risk profile is closer to that of euro-zone bond funds than to that of funds exposed to currency movements.

n Ranges of sector funds: Le Revenu has introduced the requirement to have funds in at least three sectors to be eligible to compete, in order to prevent the awards being swayed by the performance of a single sector.

(3) For the “Best Fund Range” Trophies over three years, there are six categories per type of institution (insurers, banks, and specialist providers): euro-zone equities, international equities, sector equities, mixed funds, euro bonds, and international bonds.Each institution must have at least three funds in each category in competition.

(4) For the “Best Fund” Trophies over ten years, there are six categories across all types of institution: euro-zone equities, international equities, sector equities, mixed funds, euro bonds, and international bonds.Each institution must have at least three funds in each category in competition.

(5) For the “Best Overall Performance” Trophies:One “Best Overall Performance” Trophy over three years has been awarded in each of the following categories: insurers, banks, and specialist providers.A single “Best Overall Performance” Trophy over ten years has also been awarded for all categories combined.Each institution must have at least one fund in each of the following categories: euro-zone equities, international equities, mixed euro funds, mixed international funds, euro-zone bonds, and international bonds.

(6) Methodology: Uses the database of UCITSs (SICAVs and FCPs) authorized for sale in France and tracked by EuroPerformance, as of March 31, 2010.The funds’ results over three years and ten years were adjusted using a volatility index to take account of risk.Money market funds that bear no risk were consequently excluded.