Corporate Brochure (USD)

ASSET SERVICING Solid Financials, Innovative Services

No.1 FUND ADMINISTRATOR IN EUROPE No.2 DEPOSITARY BANK IN EUROPE No.7 CUSTODIAN WORLDWIDE No.2 ISSUER SERVICES PROVIDER IN FRANCE

P ROFILE

A Reliable Partner for your Business

CACEIS is an asset servicing banking group specialising in post-trade functions linked to administration and monitoring of all types of assets. With our solid infrastructure, we provide execution, clearing, custody, depositary and asset valuation services in markets worldwide to support institutional and corporate clients’ business development objectives. OUR ABILITY TO UNDERTAKE SEAMLESS ACTIVITY TRANSFERS AND HANDLE OUTSOURCED FUNCTIONS IN AN EFFICIENT MANNER, HELPS CLIENTS FOCUS ON GENERATING INVESTOR VALUE. A commitment to product innovation and to addressing every market development has enabled us to be one of the leading Depositary Banks and Fund Administrators in Europe, and an active participant in the North American and Asian markets. With steady growth in terms of assets, clients and geographical coverage, and the solid support of our reference shareholder, Crédit Agricole, CACEIS is a reliable partner for your business.

A GROWING INTERNA

Global Market Coverage and Local Market Insight

NETHERLANDS

IRELAND

LUXEMBOURG GERMANY SWITZERLAND

UNITED KINGDOM

CANADA

BELGIUM

USA

FRANCE

ITALY

HONG KONG

3,150 EMPLOYEES IN 12 COUNTRIES 80 MARKETS COVERED

TIONAL GROUP

3.2 TR ASSETS UNDER CUSTODY 1 TR ASSETS UNDER DEPOSITARY/TRUSTEE 1.8 TR ASSETS UNDER ADMINISTRATION 810,000 INVESTOR/DISTRIBUTOR REGISTER ACCOUNTS Figures and EUR/USD exchange rate as at 31 December 2013

Expanding Client Assets

ASSETS UNDER DEPOSITARY ($bn)

ASSETS UNDER ADMINISTRATION ($bn)

1,200

2,000

1,048

1,020

1,807

972

1,000

1,800

1,724

917

896

1,586

1,600

800

1,463

1,434

600

1,400

400

1,200

200

1,000

2009

2010

2011

2012

2013

2009

2010

2011

2012

2013

A SSET MANAGERS IN PENSION FUNDS BRO & INVESTMENT BAN SOVEREIGN FUNDS C FOCUSING OUR EXPERTISE ON YOUR BUSINESS The outsourcing trend for certain activities within the +

MIDDLE-OFFICE SERVICES Flexible outsourcing packages create a single access point for trades, orders and instructions, and by capturing and routing data, we can provide centralised information in real time from any third-party. RISK ANALYTICS State-of-the-art calculation tools analyse portfolio risk characteristics constantly, generating data and reports to provide a transparent view of risk exposure at all times. FUND STRUCTURING Leveraging our unrivalled experience, jurists can advise on an optimum structuring or restructuring strategy for an investment product, asset management company or distribution network, depending on business development objectives. FUND PROMOTERSHIP A plug and play fund promotership solution for institutional clients seeking substance for contractual or statutory UCITS, AIFMD funds and other funds, offering sub-funds which function as individually managed asset portfolios. ISSUER SERVICES From launching ESOP plans to executing corporate actions and acting as the agent for international debt issues, we monitor, manage and report on all aspects regarding registered shareholders and general meetings.

sell-side and buy-side industry continues apace. CACEIS enables clients to enhance the efficiency of their middle- and back-office functions, through outsourcing, while converting fixed costs into variable costs. Outsourcing also permits clients to better handle the impact of regulatory developments and raises the quality of service for the end-investor. CACEIS’s buy-side services cover the full lifecycle of an investment product, from set-up assistance to administration and from distribution to investment restructuring for UCITS and AIFMD regulated products. On the sell-side, CACEIS has developed a range of services dedicated to brokers and investment banks which include execution, clearing of cash equities, listed and OTC derivatives, as well as debt issuance/ investment and accounting services for investment and trading portfolios. All of these services are based on robust technology.

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URANCE COMPANIES ERS CORPORATE S CENTRAL BANKS RPORATES

DEPOSITARY/TRUSTEE Closely integrated with our custody division but functionally separate from fund administration, these services monitor the legitimacy of fund decisions, warn of and manage investment restriction breaches and issue compliance reports. CUSTODY The asset security derived from our market-leading IT systems, which permit us to handle large volumes through automation and STP-processing, as well as a closely monitored sub-custody network and a high standard of controls for risk management and operational procedures, characterises our world-class custody banking operations. FUND ADMINISTRATION Based on a single, global platform, we administer diverse assets in many structures across multiple jurisdictions, providing accounting, valuation and NAV calculation services, and generating required regulatory, financial and tax reports. PRIVATE EQUITY, INFRASTRUCTURE, DEBT, REAL ESTATE AND HEDGE FUNDS SERVICES We leverage our expertise in the alternative space with our market-leading software platforms to service a broad range of alternative investment strategies, instruments and sectors for boutique and institutional clients. FUND DISTRIBUTION SERVICES Our TA and centralising agent services smooth local distribution, while foreign fund registration, order placement and network tracking, together with trailer fee management solutions, facilitate international fund distribution.

DERIVATIVES CLEARING SERVICES Our “follow the sun” organisation provides a comprehensive solution for clearing, settlement and custody of OTC and listed derivatives through a single access point, and offers collateral management and margin call services across global markets. CASH EQUITY CLEARING SERVICES Our cash equity clearing services offer a single entry point and extensive platform connectivity combined with robust collateral management and customised risk reporting solutions. CAPITAL MARKETS SERVICES Using our seamlessly integrated agency or principal based securities lending program, and our foreign exchange desk for financing or hedging purposes can help clients respond to market challenges while enhancing investment performance. CASH MANAGEMENT Optimised treasury and liquidity management is a core component in investment strategy and business efficiency, and our cash flow management and cash investment advisory services can both enhance returns and minimise risk.

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Services Designed to Help Clients Succeed

Crédit Agricole Group (via Crédit Agricole S.A.): 85% Groupe BPCE (via Natixis): 15% CACEIS is backed by two of Europe’s largest retail banking groups, which, due to our prudential management strategy and long-term profitability, grant the Group the independence to define the most effective strategy to support our clients. SHAREHOLDING S TABLE FINANCIAL BACKING AND A SOLID MANAGEMENT TEAM

EXECUTIVE COMMITTEE

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François Marion, Chief Executive Officer Jean-Pierre Michalowski, Deputy CEO, Operations and IT Sylvie Philippot, Deputy CEO, Finance, HR and Control Functions Joseph Saliba, Deputy CEO, Business Development David Baert, Ireland, North America, United Kingdom Bastien Charpentier, Germany Pierre Cimino, Luxembourg, Belgium, Netherlands, Italy, Hong Kong Carine Echelard, France Jean-Marc Eyssautier, Risk and Compliance

Guillaume Fromont, Senior Advisor, Network, Issuer Services Émeric Laforêt, Product Development and Commercial Support Hubert Montcoudiol, Business Development France, Prime Fund Solutions Gilles Normand, Treasury

Dominique Pennelier, IT Systems François Soudry, Human Resources Jean-Pierre Valentini, Finance

The quality of CACEIS’s offering owes much to the efficiency of its organisational structure. The various subsidiaries and corporate functions constantly share expertise and best practices to provide reliable and consistent services worldwide. CACEIS also seeks to recruit its subsidiary office managers and their teams from the local market, to benefit from their understanding of the domestic market and the cultural environment. The consistency of this set-up ensures the precision, innovation and stability necessary for CACEIS to earn its place among the world’s leading asset servicing groups. An organisation designed to support your domestic and international developmentplans

COUNTRY MANAGEMENT

Belgium: Bruno Van Den Broeck Canada: Tina McInnis France: Carine Echelard (Bank and Fund Administration) , Jean-Michel Desmarest (Issuer Services) Germany: Bastien Charpentier

Hong Kong: David Li Ireland: Oscar Garcia Italy: Giorgio Solcia Luxembourg: Pierre Cimino Netherlands: Karina Wirschell Switzerland: Philippe Bens

CACEIS devotes much of its resources to IT development and the acquisition of market- leading software to build a portfolio of products and innovative services. The Group is preparing itself to face future challenges by recruiting quality staff, expanding its network worldwide by setting up entities or representative offices to support clients in their priority markets. In 2013, CACEIS obtained a banking license in Belgium, the Netherlands and Italy, and opened a sales office in London. The power to Invest

UK: Clara Dunne USA: David Baert

2 013 KEY FINANCIALS

CACEIS enjoys a solid financial structure thanks to the support of its shareholders and has maintained its profitability at the record level of 2012. The Group has a policy of offering a broad range of services permitting diversification of its revenues, while maintaining a policy of strict control over its operational costs that has been in effect since before the financial crisis began. This allows the Group to improve profit margins and raises its ability to reinvest capital.

A BALANCED BUSINESS MODEL

NBI BREAKDOWN OF REVENUES Evenly balanced revenue sources are key to our resilience. With an NBI of $1,107 million in 2013, CACEIS has maintained a balanced distribution of income while continuing its investment programme into new products and services. A coordinated sales strategy, diversified product offer and presence in new markets has enabled the Group to be a profitable business and win new clients.

COST-TO-INCOME RATIO NET BANKING INCOME 1,107m 70.9%

34%

27%

DEPOSITARY/TRUSTEE-CUSTODY

ISSUERS SERVICES TO FUNDS

DERIVATIVES-FOREIGN EXCHANGE-SECURITIES LENDING

10%

CASH

3%

26%

The cost-to-income ratio, which reached 70.9% in 2013, reflects CACEIS’s continued efforts to improve operational efficiency. It ranks among the best in the asset servicing industry. HIGH OPERATIONAL EFFICIENCY

NET INCOME - GROUP SHARE ($m) CACEIS’s profitability was confirmed in 2013 with a stable Net Income, Group Share at its highest level yet. PROFITABILITY MAINTAINED ITS RECORD LEVEL

PRUDENTIAL SHAREHOLDER EQUITY STRENGTHENED TIER1/TIER 1 + TIER 2 (BASEL 2.5, $m) CACEIS has significantly strengthened its Tier 1 and Tier 2 shareholder capital in 2013 in line with Basel 3 regulations in application from 01/01/2014. CACEIS is one of the best capitalised banking groups dedicated to asset servicing in the euro zone.

2,009

248

248

2,000

250

232

1,586

204

1,390

1,500

198

1,263

200

1,147

1,000

1,645

1,457

150

1,286

1,208

1,055

500

0

100

2009

2010

2011

2012

2013

2009

2010

2011

2012

2013

T1 SOLVENCY RATIO (BASEL 2.5):12.35% T1 + T2 SOLVENCY RATIO (BASEL 2.5):15.08%

EUR/USD exchange rate as at 31 December 2013

Shareholderequity iscalculatedasdefined inFrenchregulation:Thedecreeof20February2007,amendedon 23November2011,transposingtheEuropeanCapitalRequirementsDirective(CRD3)intoFrenchlaw,setsout the “capital requirements applicable to credit institutions and investment firms.” Monitoring of CACEIS’s regulatory data through the Prudential Control and Resolution Authority is carried out via Crédit Agricole’s consolidated statements.

STANDARD & POOR’S: A/A-1

G LOBAL SALES COVERAGE

Building Close Relationships and Stronger Partnerships

CACEIS’s front office teams have the experience to understand the commercial strategy and cater to the complex needs of a global clientele. Our sales and relationship management structure covers the world with seven geographical zones, each supervised by a Head of Regional Coverage (HRC). With the HRC as your primary sales contact, we seek to develop a close working relationship by allocating an experienced relationship management team to coordinate and oversee the quality of service provision across all markets in which you operate.

SALES CONTACTS

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Annie Blouin: US and UK clients France Colas: Nordic, Benelux and Eastern European clients Holger Sepp: German and Austrian clients Hubert Montcoudiol: French clients Joseph Saliba: Asian and MENA clients Philippe Bens: Swiss clients Roberto Colapinto: Southern European and Latin American clients

Solid Financials, Innovative Services

LOCAL OFFICES

BELGIUM Avenue du Port/Havenlaan Site de Tour & Taxis 86C Bte 320, B-1000 Brussels +32 2 209 26 00 CANADA 1 Robert Speck Parkway, Suite1510 Mississauga, Ontario L4Z 3M3 +1 905 281 0001 FRANCE Bank and Fund Administration 1-3, place Valhubert 75206 Paris Cedex 13 +33 1 57 78 00 00 Issuer services 14, rue Rouget de Lisle 92862 Issy-les-Moulineaux +33 1 57 78 00 00

ITALY Piazza Cavour, 2 I-20121 Milano +39 02 721 74 411 LUXEMBOURG 5, allée Scheffer L-2520 Luxembourg +352 47 67 9 NETHERLANDS De Ruyterkade 6 1013 AA Amsterdam P.O. Box 192, 1000 AD Amsterdam +31 20 530 83 00 SWITZERLAND Nyon Chemin de Précossy 7/9 Case Postale 2259, CH-1260 Nyon 2 +41 22 360 94 00 Zurich Uraniastrasse 28, CH-8001 Zürich +41 44 21 00 352 Office UNITED KINGDOM Broadwalk House, 5 Appold Street,

GERMANY München

Lilienthalalle 34-36, D-80939 München +49 89 5400 00 Frankfurt Taunusanlage 14, D-60325 Frankfurt

+49 89 5400 00 HONG KONG Suite 910, 9th Floor, One Pacific Place 88 Queensway, Hong Kong +852 2826 9844 IRELAND One Custom House Plaza International Financial Services Centre Dublin 1 +353 1 672 16 00

London, EC2A 2DA +44 20 7214 5053 USA 1301 Avenue of the Americas New York, NY 10019 +1 212 403 9500

www.caceis.com © January 2015 CACEIS , All Rights Reserved. This corporate brochure is solely intended for informational purposes and in no way constitutes a contractually binding service offer, recommendations or advice. CACEIS is incorporated as a “Société Anonyme” (public limited company) with a share capital of €633,000,000, has its registered office at 1-3, place Valhubert -75013 Paris, France, and is registered with the Paris trade and company register under number 437580160.