Comunicati Stampa

Il 9 settembre 2010, il presidente francese Nicolas Sarkozy ha inaugurato la nuova struttura "Internat d Excellence" (convitto di eccellenza) a Marly-le-Roi, nei dintorni di Parigi . Tale struttura, fornita da TOUAX, è stata creata per accogliere e dare alloggio a 139 bambini . Il progetto, che fa parte del piano del governo "Espoirs banlieues" (Speranza per le periferie) ha l obiettivo di offrire migliori condizioni per la riuscita negli studi a studenti "motivati" e di favorire una maggiore integrazione sociale . L istituto, il dodicesimo del piano, sarà ricordato in particolare per l audace struttura architettonica che lo caratterizza, in quanto si tratta del primo convitto per studenti basato su una soluzione modulare . TOUAX designed and built the 2200 sq . meter (23,700 sq . foot) facility for the Academy of Versailles in just 10 weeks, cutting cost by 40% compared to traditional construction . In addition, the building fits the philosophy of the Grenelle Environment Forum and delivers high energy performance . TOUAX has developed four industrialized buildings at this wooded and protected site . They all feature ecological innovations, such as planted roofs which directly recover rainwater while providing both insulation and a natural appearance . Christophe Boustouller, director of the Modular Buildings division, said "the delivery of this residential solution represents an important addition to our new product portfolio and confirms our know-how for realizing the potential of these new markets . "To view our new solutions for student housing and retirement homes, social and activity centers, sports facilities, industrial/corporate sites, and much more, visit www . touax . fr . The TOUAX Group provides operational leasing services to a global customer base, both for its own account and on behalf of investors . TOUAX is the European leader in shipping containers and river barges, and #2 in modular buildings and freight (intermodal) railcars . TOUAX is well positioned to take advantage of the rapid growth in corporate outsourcing of non-strategic assets and every day offers efficient and flexible leasing solutions to more than 5 . 000 customers . TOUAX is listed in Paris on NYSE EURONEXT - Euronext Paris Compartment C (ISIN code FR0000033003) and is part of the SBF 250 Index . Contacts:TOUAXFabrice & Raphaël WalewskiManaging Partnerstouax@touax . comTel: +33 (0)1 46 96 18 00ACTIFINJean-Yves Barbarajybarbara@actifin . frTel: +33 (0)1 55 88 11 11Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#170271]

Comunicato stampaParigi, 17 settembre 2010Siglato l accordo di fusione di Compagnie la Lucette in IcadeIl 16 settembre 2010, i consigli di amministrazione di Icade e della sua controllata al 99,78% Compagnie la Lucette hanno approvato le modalità della fusione di Compagnie la Lucette in Icade . La fusione, che Icade ha annunciato in un comunicato stampa del 26 luglio 2010, costituisce parte integrante della strategia del gruppo volta alla semplificazione della propria struttura e dell assetto proprietario dei beni immobili, oltre che all ottimizzazione dei costi operativi di Icade . This transaction signals the successful completion of the integration process of Compagnie la Lucette into Icade which was launched on February 17, 2010 at the time of the definitive takeover of Compagnie la Lucette, which was characterized in particular by the delisting of Compagnie la Lucette s shares, the integration of its teams, the streamlining of its liabilities and the pursuit of a dynamic asset management strategy . This strategy has involved, in particular, entering into a lease agreement, subject to certain conditions precedent, in relation to the Link building and a 1 . 2% increase in the value of Compagnie la Lucette s commercial real estate portfolio between the acquisition date and June 30, 2010 . The merger will be subject to the approval of Icade and Compagnie la Lucette s respective extraordinary shareholder meetings to be held on October 29, 2010 . Both the agenda and proposed resolutions to be adopted at such meetings will soon be published in the Bulletin d Annonces Légales Obligatoires . According to the proposed transaction terms, the exchange ratio will be 5 Icade shares to 39 Compagnie la Lucette shares . In consideration for Compagnie la Lucette s contribution in the context of the merger and pursuant to the terms of the exchange ratio, at the merger completion date Icade will proceed with (i) a share capital increase in a nominal amount of 11,404 . 71 euros, increasing its share capital from 78,797,016 . 56 euros to 78,808,421 . 27 euros, by way of issuance of 7,482 new shares to Compagnie la Lucette s shareholders (with the exception of Icade) and (ii) the payment of a cash compensation in the amount of 34 . 44 euros to be distributed among Compagnie la Lucette s shareholders (with the exception of Icade) proportionally to their rights . According to the proposed transaction terms, the new Icade shares will be admitted to trading on Compartment A of Euronext Paris under the ISIN code FR0000035081 . About IcadeIcade, a subsidiary of the Caisse des Dépôts, is a listed company which conducts business activities in real property investment and associated services in the office, business park, shopping center, public healthcare amenities and housing sectors . Icade s expertise in its different business lines enables it to provide its clients with tailored solutions and offer a global solution to challenges currently encountered in the real estate sector . In 2009, Icade s consolidated turnover and net current cash flow amounted to 1,506 million euros and 184 million euros respectively . As of June 30, 2010, Icade s re-valued liquidation net asset value amounted to 4,117 million euros, i . e . 80 . 3 euros per share . The text of this press release is available on Icade s website: www . icade . frContact

Nathalie Palladitcheff
Member of the Executive Board, responsible for finance
+33 (0)1 41 57 70 12
nathalie . palladitcheff@icade . fr

Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#170272]

Amaro (UD), 16 Settembre 2010 - Parvus Corporation, società del gruppo Eurotech, ha ricevuto un ordine di 3,1 milioni di dollari per computer da missione DuraCOR 810 che verranno impiegati in veicoli terresti dell esercito statunitense . Ogni ulteriore informazione relativa al cliente finale e al progetto è protetta da specifici accordi di riservatezza con il cliente . L evasione dell ordine inizierà quest anno e si prevede che si concluderà nel 2011 . L ordine rappresenta per Parvus una continuazione del business dei computer da missione rugged DuraCOR 810, che sono impiegati da primari fornitori della difesa statunitense in svariati programmi su veicoli tattici, imbarcazioni e mezzi aereospaziali . Il DuraCOR 810 fa parte della famiglia di piattaforme rugged di elaborazione a bordo mezzi DuraCOR®, progettata specificamente per l applicazione in veicoli con e senza pilota, laddove l affidabilità, la dimensione contenuta e il ridotto tempo/costo di installazione sono fattori chiave . Questi prodotti Commercial Off the Shelf (COTS) sono proposti sia come piattaforme di calcolo modulari pronte all uso, sia con moduli di interfacciamento custom pre-integrati per rispondere a specifiche esigenze applicative . CONOSCERE PARVUSParvus è tra i primari fornitori di sistemi COTS e di sistemi di rete rugged per applicazioni in campo militare, aerospaziale e della sicurezza, caratterizzate da vincoli d impiego su dimensioni, peso e consumo di potenza (Size, Weight, and Power - SwaP) . I computer tattici da missione, i router e gli switch Ethernet di Parvus, una volta installati in aerei, veicoli terrestri e navi, forniscono capacità di comando, controllo, calcolo e comunicazione (C4) altamente affidabili, in grado di abilitare la cosiddetta "Situational Awareness" (SA) e il mobile data processing . Per ulteriori informazioni, visite il sito www . parvus . com . CONOSCERE EUROTECHEurotech (ETH . MI) è un azienda globale che integra hardware, software, soluzioni e competenze per fornire piattaforme di calcolo e sottosistemi embedded a OEM, integratori di sistemi e clienti aziendali leader, affinchè possano implementare in modo efficace ed efficiente i loro prodotti e servizi . Ricorrendo al concetto di "minimalist computing", Eurotech riduce l assorbimento di potenza, minimizza le dimensioni fisiche e diminuisce la complessità della programmazione SW per portare sul mercato sensori, piattaforme embedded, sottosistemi, dispositivi pronti all uso e computer ad alte prestazioni, specializzandosi nei settori della difesa, dei trasporti, industriale e medicale . Combinando competenze specifiche nella connettività wireless e nei protocolli di comunicazione, Eurotech realizza soluzioni integrate che semplificano l acquisizione, l elaborazione e il trasferimento dei dati attraverso reti di comunicazione globali . I nostri clienti si affidano a noi per semplificare il loro accesso a tecnologie embedded all avanguardia, in modo da potersi concentrare sulle loro competenze chiave . Per ulteriori informazioni su Eurotech, visitate il sito www . eurotech . com . Contatti societari:Investor relationsAndrea BarbaroTel . 0433-485411e-mail: andrea . barbaro@eurotech . comCorporate communicationCristiana della ZoncaTel . 0433-485411e-mail: cristiana . dellazonca@eurotech . comCopyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#170233]

Investimento strategico di Ingenico in Korvac, fornitore di servizi di pagamento nel sud est asiaticoNeuilly sur Seine - 16 settembre 2010 . Ingenico (Euronext : FR0000125346 - ING), società leader nella fornitura di soluzioni di pagamento, ha annunciato oggi un investimento strategico del 49% in Korvac Holdings Pte Ltd, società fornitrice di servizi di pagamento con sede a Singapore, per un importo di 30 milioni di SGD (pari a circa 17 milioni di EUR) . Fondata nel 1999, Korvac opera nella regione del sud est asiatico . Korvac fornisce principalmente i seguenti servizi di pagamento ai propri mercati principali: convenzionamento degli esercenti (ivi compresa l infrastruttura di pagamento), elaborazione delle transazioni, gestione della fidelizzazione e analisi dei consumi . Philippe Lazare, CEO Ingenico, commented: "Our investment in Korvac is a perfect fit within the strategy of Ingenico, in the large and growing payment market in Asia . We have identified potential synergies with our other activities and will benefit from the strong presence of Korvac covering the whole payment value chain across South East Asia" . Jeremy Tan, CEO of Korvac Holdings Pte Ltd, commented: "We welcome this investment from Ingenico, which will enable Korvac to continue to develop the payment industry within the South East Asian region . The combined strengths of both groups provide a unique opportunity to develop our offer for service banks and merchants across the region" . - ends-About Ingenico (Euronext: FR0000125346 - ING)Ingenico is a leading provider of payment solutions, with over 15 million terminals deployed in more than 125 countries . Its 3,000 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sales revenue . More information on www . ingenico . com .

INGENICO - Investor Relations	INGENICO - Corporate Communication
Catherine Blanchet	Rémi Calvet
Investor Relations Director	VP Communication
catherine . blanchet@ingenico . com	remi . calvet@ingenico . com
+33 1 . 46 . 25 . 82 . 20	+33 1 . 46 . 25 . 78 . 23

Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#170240]

15 settembre 2010Seneffe (Belgio), 15 settembre 2010 - In data odierna, durante il convegno dell European Society for Therapeutic Radiology and Oncology (ESTRO), in corso a Barcellona, IBt Bebig (Reuters: IBTH . BR - Bloomberg: IBTB BB) ha presentato la soluzione di brachiterapia permanente SmartSeed®, ampliando il proprio portafoglio, il più ampio a livello mondiale, di dispositivi medicali impiantabili per il trattamento dei tumori localizzati . The SmartSeed® solution provides Radiation Oncologists and Urologists with a low radioactive implant technique, which can help them to better treat their patients . With SmartSeed®, clinicians can control the assembly of the radioactive strand configuration individually using variable spacing of the radioactive seeds, primarily in minimally invasive prostate seed implantations, in order to realize the optimal dose distribution . "By leveraging the variable spacing, I m able to better manage the dose distribution within the treatment volume of the cancer patients," said Dr . Herminio Gonzalez, Radiotherapist at the Hospital Central de Asturias . "This allows me to provide proactive patient management with a goal of reducing further the side effects" . Hospital Central de Asturias in Oviedo has a wide experience in prostate brachytherapy with over a thousand patients treated, starting with its first center in Spain ten years ago . "We are convinced that with this new product concept, we are now able to further expand our market share in the permanent brachytherapy sector", said Dr . Edgar Löffler, Managing Director of IBt Bebig . The new SmartLoader® provides customizable SmartSeed® configuration for permanent brachytherapy . It makes it easier for clinicians and medical physicists to assemble the SmartSeed® configuration, which is based on a ball and socket connecting system, providing the necessary stiffness and flexibility of the strand . With the SmartLoader® IBt Bebig is offering the clinicians, medical physicists and nurses a device with fully integrated radiation protection . The new intuitive device, which improves the speed of handling of the strand configuration, contributes to minimize the procedure time in the operating theater . For the training of the operating theater team, IBt Bebig is offering an interactive treatment simulation tool available on iPad and other platforms . This training tool was well received during the ESTRO by the participants . SmartSeed® can be viewed on the new website at http://www . smartseed . eu . About IBt Bebig . . . Contributing to saving lives!The IBt Bebig group is a European based group, active in the Medical Device segment of the Health Care sector . The core business of the IBt Bebig group is the cancer treatment by radiation technology . Its specificity is the treatment of cancer by brachytherapy, a technique which consists of placing a sealed medical device containing a minuscule quantity of a radioactive isotope in the body, on either a temporary or on a permanent basis . Depending on the application, the device can take the shape of a plaque, a seed or a catheter . The precise positioning of the device allows the cancer cells to be destroyed while sparing the healthy tissues and increasing the patient s quality of life . Today, the alternative brachytherapy procedures cover the non-invasive treatment of cancers of the prostate, neck, head and eye, as well as certain gynecological cancers . The IBt Bebig group employs over 150 people and has entities in Germany, France, United Kingdom, Spain, Italy and India . Its Head Office is located in Seneffe, Belgium and the company has been listed on the Euronext stock exchange since April 1997 (Reuters : IBTH . BR - Bloomberg : IBTB BB) . ContactPaul-Emmanuel GoethalsHead of Investor Relations & CommunicationTel: +32 . 64 . 520 . 808E-mail: ir@ibt-bebig . euInternet: www . ibt-bebig . euCopyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#170196]

Comunicato stampa13 September 2010Il Global Reinsurance Forum (GRF) è stato fondato nel settembre 2009 come organo di rappresentanza delle principali società di riassicurazione mondiali per affrontare le problematiche politiche e normative relative al settore delle riassicurazioni . Lo scopo del GRF è promuovere, a livello mondiale, un ambiente stabile, innovativo e competitivo per il mercato delle riassicurazioni . La creazione del nuovo Forum si è rivelata tempestiva, essendo avvenuta in un contesto che ha visto accelerare le modifiche normative, aumentare i controlli sulle società che gestiscono i servizi finanziari a livello mondiale e svilupparsi una grave crisi finanziaria . This crisis has led to intense debate on the supervisory architecture and regulatory requirements . The reinsurance sector is faced with the potential for overly conservative regulatory reactions as well as protectionism and fragmentation of regimes . The GRF has been focusing its efforts on three major regulatory developments and the role of reinsurance in Chile:1 . Liberalisation of reinsurance marketsThe GRF strongly believes that open reinsurance markets are in cedants and economies best interests . They help to provide cedants with choice of provider, product and price and protect economies by enabling financial risk to be diversified into the global marketplace . As a general rule, reinsurance can be and is transacted freely, both on an establishment and cross-border basis, and from many countries worldwide . Yet barriers to trade in reinsurance still remain, including in developed economies . The GRF will continue to make the case for open markets and for the removal of such barriers . (See appendix 1)2 . Supervisory RecognitionThe IAIS has set a framework aiming at harmonising solvency regimes and establishing supervisory recognition . The IAIS Common Assessment Framework is expected to facilitate the international regulatory dialogue for cross-border groups . In Europe the CEIOPS published advices to the European Commission on third country equivalence assessment under Solvency II . The GRF supports the European Commission s efforts to establish an adequate framework for recognition of equivalence . The recognition of solvency regimes is a key process to support capital efficiency and ensure adequate economic decisions . (See appendix 2)3 . Systemic risk and reinsuranceThe reinsurance sector weathered the financial crisis well and acted as a source of stability in the global financial system by continuously providing needed capacity to insurers during the crisis . The financial crisis exposed flaws in the supervisory system and the GRF supports the introduction of comprehensive group supervision as well as macro-prudential surveillance . (See appendix 3)4 . Reinsurance role in the Chile earthquakeThe GRF believes reinsurance plays a major role in emerging markets with catastrophe exposures, as generally local insurers do not have the capital to mitigate their exposures which can be very high . Chile is the most seismic country in the world with the highest severity and frequency of earthquakes and therefore take up rates for quake insurance in the country are high . The recent major earthquake in Chile has demonstrated the key role of reinsurance in such a catastrophe which insured loss could be as high as USD 10 billion, which is estimated reinsured at over 95%: (See appendix 4) . GRF members believe that the value of reinsurance to clients and the global economy became even more apparent during the present crisis . Because of reinsurers shock absorbing capability, reinsurers are a major factor of stability to the financial system . The ongoing, prolonged, governments support to the banking industry results in a low interest rates environment which puts significant pressure on (re)insurers investment income . This is detrimental to the (re)insurance industry, and the GRF believes policy makers should aim at normalizing macro-economic policies as soon as possible . The GRF will continue to monitor closely regulatory, financial and economic developments and contribute to relevant debates . Denis Kessler, Chairman of the GRF, comments: "We are very happy with the efforts conducted by the GRF during its first year since formation . It is an active forum, which enables global reinsurers to monitor global issues closely and share views on key trends impacting the reinsurance industry . In a world where international policy and regulatory issues are profoundly changing the supervisory landscape, it is vital to have a unified voice to respond to debates in a timely manner" . ** *For further information, please contact:Laurent Rousseau + 33 1 46 98 78 32, lrousseau@scor . comHannover re, represented by Mr . Ulrich WallinLloyd s, represented by Lord Peter LeveneMunich re, represented by Mr . Nikolaus von BomhardPartner re, represented by Mr . Patrick ThieleRGA, represented by Mr . Greig WoodringSCOR, represented by Mr . Denis KesslerSwiss re, represented by Mr . Stefan LippeToa re, represented by Mr . Hiroshi FukushimaTransatlantic re, represented by Mr . Robert OrlichXL re, represented by Mr . Mike McGavickAppendix 1 - Liberalisation of reinsurance marketsThe GRF supports open and fair reinsurance markets . Cedants and economies benefit from the choice and competition which results from liberalised insurance markets . Closed markets and restrictive rules have the opposite effect, limiting cedants choices of provider and product and inhibiting economic activity . In general, reinsurance can be and is transacted freely, both on an establishment and cross-border basis, in and from many countries worldwide without major trade barriers . That said, many countries, both in the developed and developing world, impose barriers on the transaction of reinsurance business, whether by established or cross-border reinsurers . These barriers can take different forms but include:- mandatory cessions imposed on insurance suppliers to cede all or a portion of their risks to specified insurance or reinsurance suppliers;- greater restrictions on cessions to foreign reinsurance suppliers than to domestic reinsurance suppliers;- right of first refusal privileges for domestic reinsurance suppliers;- discriminatory requirements imposed on foreign reinsurance suppliers as they relate to collateralisation and localisation of assets and taxes;- reinsurance monopolies or unfair preferences for State-controlled companies; and- specific reinsurance regimes with State guarantees for risks such as natural catastrophes . These barriers, apart from restricting the ability of reinsurers to compete on a fair basis in various national markets, constrain capital fungibility, restrict competition and choice for cedants and/or generate needless additional costs which ultimately have to be reflected in reinsurance pricing, to the detriment of cedants . Reinsurers have been advocating over many years for liberalisation of reinsurance markets . The GRF proposes to play its part in this ongoing campaign, in the following ways:- by collectively and individually continuing to make the economic case for open reinsurance markets, whether at conferences, through articles etc, and by encouraging relevant international organisations to reaffirm their support for open markets;- by focusing the spotlight on individual countries, particularly those in the developed world, which maintain significant barriers to trade;- by supporting the work of international organisations, such as the WTO, to promote open markets;- by encouraging international trade negotiators, both in multilateral and bilateral trade talks, to press for removal of reinsurance barriers to trade;- by supporting the work of the IAIS to promote unilateral, bilateral and multilateral supervisory recognition of equivalent reinsurance regulatory regimes and the removal of unnecessary and duplicative supervision;- by taking part in IAIS work to promote regulatory convergence of reinsurance supervision at sensible and proportionate levels; and- by supporting the EU s work on assessing the equivalence of third country regimes as a tool for promoting convergence of regulatory practices . Appendix 2 - Supervisory RecognitionThe IAIS has set a framework aimed at standardisation of solvency regimes and supervisory recognition . This is a global effort in which the European Union plays an active role . Recently CEIOPS published its advice to the European Commission on which third country jurisdictions should be subject to first wave equivalence assessment under Solvency II . The GRF welcomes the European Commission s consultation process in respect of the general criteria to be used to assess third countries equivalence under the Solvency II Directive . The standardisation of solvency regimes is a key process, ahead of individual country assessments . The GRF believes there are two key issues to be highlighted in this context:1 . Reinsurance would be a prime beneficiary of standardisation of solvency regimes2 . GRF members promote a flexible, principle-based approach to supervisory recognitionSolvency II is still evolving, and many elements of the proposed regime are still under discussion, especially in relation to the level 2 implementing measures . As several elements of the Solvency II framework are not yet finally determined, compatibility of local rules with Solvency II cannot be fully addressed by third countries . For this reason, the GRF advocates a flexible, principle-based approach, as opposed to the necessity for third countries to comply with a detailed checklist of indicators . It is positive that the CEIOPS states "when assessing a particular principle and objective, every indicator does not necessarily need to be fulfilled in order for principle and objective to be considered observed" . More precise guidance and a hierarchy in indicators would nevertheless be useful in this connection . With regards to third country recognition, the GRF believes the United States and the European Union are key markets . Conditions for a mutual recognition, with full reciprocity in terms of business conduct should be found as soon as possible . Ultimately, the equivalence process should strengthen worldwide, open and fair reinsurance markets, which the GRF supports . The equivalence process plays an important role in the progress of group supervision . Regulatory oversight must take into account the specific nature of global groups, with well diversified operations around the world . The GRF therefore supports the approach proposed by CEIOPS, which is similar to the one applied to assessing equivalence under the Reinsurance directive (2005/68/EC) and the Financial Conglomerates Directive (2002/87/EC) . Requiring equivalence with the core principles and objectives of the Solvency II Directive, rather than with each of the more detailed indicators, is considered to be an appropriate approach as this recognises that other methods may be used to be determined equivalence as long as a similar level of prudential supervision and policyholder protection is achieved . Appendix 3 - Systemic risk and reinsuranceThe reinsurance sector weathered the financial crisis well and acted as a source of stability to the global financial system by continuously providing capacity during the crisis . No diversified reinsurer failed during the crisis . Whilst reinsurers investment portfolios were affected during the crisis, like the rest of the industry, the reinsurance sector continued to fulfil its role during a crisis of which it was not the cause . The reinsurance business model is completely different from banking . Compared to banks, reinsurers are much less exposed to liquidity risk and less interconnected with the financial services industry overall . The GRF supports the approach of the Geneva Association in its March 2010 study on Systemic Risk in Insurance and its recommendations to strengthen the role of reinsurers in financial stability . The study shows that the core insurance and reinsurance risk activities pose no systemic risk . The IAIS and countries experts groups also recognise that there is little evidence that insurance can cause a systemic risk . However, supervisors remain concerned about the interconnectedness of reinsurers with the insurance sector . Many studies, such as the G30 study from 2006 and more recently the above mentioned Geneva Association study showed that the reinsurance sector poses no systemic risk . There are no examples of major cascading impact from a reinsurer failure on primary insurers . Furthermore, the failure of a large reinsurer would represent a modest loss in terms of global insurance premiums, total insurance market capitalisation, or total industry investments . The financial crisis exposed flaws in the supervisory system . The GRF supports the introduction of comprehensive group supervision - such as contemplated under Solvency II - as well as macro-prudential surveillance . A lead group supervisor should be identified for each reinsurance group and recognised by other regulators as the competent supervisor having a comprehensive view on a reinsurer s worldwide activities . The focus of macro-prudential surveillance should be on monitoring risk activities and not adding new layers of supervision on financial institutions . The GRF supports the IAIS efforts in publishing an annual report on the global reinsurance market . The GRF also welcomes the IAIS latest position on financial stability, which underlines the specificities of the insurance business model as well as the experience of the sector prior and during the financial crisis . G20 leaders and the FSB should take into account the IAIS position when assessing systemic risk and introducing new regimes . Under new macro supervisory regimes, it is important that systemic risk boards composition be balanced (ie including (re)insurance experts) . New macro-prudential bodies will need to closely coordinate and establish mechanisms of recognition or equivalence in order to avoid duplication of supervisory effort, market confusion, regulatory arbitrage, and extra-territoriality issues . Diversified cross-border reinsurers bring many benefits to the global economy and to individual countries and companies . Imposing non-risk based capital requirements or artificial limits on size or activities on reinsurers would be harmful, counter-productive and unlikely to succeed in addressing systemic risk . Appendix 4 - The Chilean quake and reinsuranceChile is considered to be one of the most seismic country in the world and in fact the most powerful earthquake ever registered worldwide, the Great Chilean Earthquake, shocked Chile in 1960 (in Valdivia) with a magnitude of 9 . 5 (Richter scale), an ensuing tsunami, several thousands of deaths and an estimated economic loss in current dollars of between USD 4 and 6 billion . On February 27th, 2010 a new major quake, again accompanied with a tsunami affected the central and southern part of the country . It was one of the biggest insured loss events ever registered out of Europe and the U . S . A . The quake was 8 . 8 on the Richter scale, one of the most powerful in recent history . In the Chilean market, the level of retention of the companies compared to the risk is very low due to the size of the insurers, the high value of their exposures and their overall unbalanced portfolio . For an optional cover, the take up rate for earthquake coverage is high with an estimated average of 30% and up to 90% for the mortgages policies . Losses from such a catastrophe are difficult to estimate due to their complexity (construction failures, infrastructure damage and business interruption) and it often takes months to establish a reliable range, as it happens in major earthquakes, such as the Northridge quake in the US (1994) . The total economic loss is estimated at around USD 30 Billion and the insurance loss might reach the USD 9-10 Billion . Of this amount, more than 95% is estimated to be reinsured through facultative and treaty business . This is around 7 times the P&C market premium and 1 . 5 times the overall market premium, showing the unbalanced nature of the catastrophe exposure in Chile . This does not represent the worst loss, since the damages were not in the most densely populated areas . The Chilean disaster shows the utmost importance of reinsurance for catastrophe prone markets . It is a way to fund major losses that can be absorbed overtime and is a major help for the local insurance companies and government . It is very difficult for local insurers to fully pre-fund potential disasters of such magnitude in countries exposed to very high severity losses . Reinsurance is very useful under these circumstances to:- Assess the risk- Smooth the losses,- Protect the local insurers balance sheets- Help improve protection for mitigating future losses Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#170154]

In data 23 luglio, la divisione carri merci del gruppo TUOAX ha ricevuto dall agenzia LRQA (Lloyds Register Quality Assurance) la certificazione ISO 9001:2008 per le proprie attività di leasing e manutenzione di carri merci rivolte agli operatori di trasporti ferroviari . Dal maggio 2009, tutto il personale della divisione carri merci è stato impegnato nei preparativi richiesti dal processo di certificazione ISO . ISO 9001 is a worldwide well known set of quality practices, which ensures the quality of the processes, through a thorough analysis of the quality management system . It also represents the completion of the first stage of the ECM certification (Entity in Charge of Maintenance), which will ensure TOUAX full control of the maintenance of its fleet of wagons, by emancipating from networks and habits . "ISO 9001 certification strengthens the growth strategy of TOUAX RAIL on the freight wagon leasing market, by providing recognized tools for continuous improvements that will allow them to establish customer loyalty and win new customers . Through the process approach, the certification helps us to better structure the internal organization of the division and to consolidate it into a dynamic of progress" said Fabrice Walewski, managing partner of the Group Touax . The TOUAX Group provides operational leasing services to a global customer base, both for its own account and on behalf of investors . TOUAX is the European leader in shipping containers and river barges, and no . 2 in modular buildings and freight railcars (intermodal railcars) . TOUAX is well positioned to take advantage of the rapid growth in corporate outsourcing of non-strategic assets and every day offers efficient and flexible leasing solutions to more than 5,000 customers . TOUAX is listed on Euronext in Paris - NYSE Euronext Compartment C (ISIN Code FR0000033003), and features in the SBF 250 Index . TOUAX takes part in Paris Midcap Event on 20 and 21 September 2010 . Contacts:TOUAXFabrice & Raphaël WalewskiManaging partnerstouax@touax . comTel: +33 (0)1 46 96 18 00ACTIFINJean-Yves Barbarajybarbara@actifin . frTel: +33 (0)1 56 88 11 11Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#170155]

Il 1º luglio 2010, Rexel, leader globale nella distribuzione di forniture elettriche, ha adottato un sistema di copertura previdenziale universale, denominato "Rexel+", per i 5 . 000 dipendenti della società dislocati in 11 paesi . Intenzionata ad offrire ai propri dipendenti un livello di previdenziale in linea con gli standard del Gruppo, nel 2009 Rexel ha condotto un esame degli indicatori sociali dei diversi paesi in cui opera e ha quindi sviluppato questo schema innovativo per migliorare i sistemi attualmente in essere . Due to this scheme, which is fully funded locally by each employer, employees or their relatives can receive payment of a lump sum of between one and two years basic salary, in the event of death or permanent disability following an accident at work or occupational disease . This capital is in addition to existing compulsory systems . This scheme, which takes into account the specific local context (legal and fiscal) of the different countries, will cover the Group countries with an inadequate level of protection : Russia, Chile, Luxemburg, Austria, United Kingdom, the Czech Republic, Slovakia, Hungary, Slovenia, Poland and Lithuania . The introduction of this provident scheme is a concrete demonstration of Rexel s commitment to corporate social responsibility . About RexelRexel, a global leader in the distribution of electrical supplies, serves three main end markets: industrial, commercial construction and residential construction . The Group operates in 34 countries, with a network of some 2,200 branches, and employs 28,000 people . Rexel s sales were E11 . 3 billion in 2009 . Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and BAML Capital Partners . Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203) . It is integrated in the following indices: NEXT 150, SBF 120, and CAC Mid 100 . For more information, visit Rexel s web site at www . rexel . com . Contacts

Financial Analysts / Investors	Press
Marc Maillet	Marie-Lorraine de Martigny
( +33 1 42 85 76 12	( +33 1 53 96 83 82
mmaillet@rexel . com	mdemartigny@brunswickgroup . com
Florence Meilhac	Thomas Kamm
( +33 1 42 85 57 61	( +33 1 53 96 83 92
fmeilhac@rexel . com	tkamm@brunswickgroup . com

Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#170159]