Comunicati Stampa

After an almost 3-week long very competitive tender process, Volcan Compañía Minera, the 4th largest zinc producer of the world, successfully awarded 60,000 wmt zinc concentrates for year 2010 delivery . Given the tonnage involved and the participants on the tender, this result clearly establishes a Benchmark for year 2010 . TCs for the tonnages awarded were close to the USD140 level based on a price of USD2350 CIF main Asian port, which supports a strong market demand for Peruvian concentrates for next year . During the first quarter of 2010, the market structure for the Peruvian zinc concentrates might change as Votorantim s Cajamarquilla expansion will come into stream . Approximately 720,000 wmt of zinc concentrates will be required from the market per year as of 2010 . Despite its smaller size, the zinc circuit from Doe Run plant at La Oroya is expected to go back on production in 1Q 2010 demanding approximately another 90,000 wmt of zinc concentrates from the market . This 810,000 wmt of local demand will be added to the already strong exports requirements from China and other important zinc metal producers which will have to share the part of the pie left by the local consumers . The result of the tender should also contribute to a more fair agreement in the so-called benchmark TC to be settled between a Canadian miner and a Korean refinery . During the last years, this agreement, which has been taken as a reference in some annual negotiations in other parts of the world, has been clearly and arbitrarily in favor of Refineries, keeping an unsupported distance from the market reality . Given the world scope for this agreement, they should include important variables as the very active and liquid market in China where every day concentrates are bought and sold and TC s settled, elements that can t be ignored . By definition, "market" is where people buy and sell everyday and nobody can dispute this is what happens in the Chinese market . This market as the Peruvian is an active player which should be considered as an important piece of the supply and demand puzzle . Refineries have always argued that they must have an important participation on the price risk, when miners are the ones who have to take a more volatile geological, metallurgical, labor, production and price risk . In many cases these investments do not have the expected returns or no return at all given the complexity of the implementation of a project . The comparison between the market and "benchmark" terms show an average of USD50 - USD80 against mine producers during each year . This year negotiations have now a clear indication that TC should be in USD 140 area basis USD 2350, based on the market real view . Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#161308]

Performance09/12/2009 8:00 (MEZ)

SIX Svizzera
Corso di borsa	CHF 75,75
Valore intrinseco (NAV)	CHF 93,55
Premio/(-sconto)	-19,03 %
TecDax Germania
Corso di borsa	EUR 50,35
Valore intrinseco (NAV)	EUR 61,90
Premio/(-sconto)	-18,66 %
All Star Italia
Corso di borsa	EUR 50,35
Valore intrinseco (NAV)	EUR 61,90
Premio/(-sconto)	-18,66 %

Andamento del titolo (SIX), dividendo rettificato
	Share price	Net Asset Value (NAV)
Andamento della quotazione di borsa per l esercizio in corso (dal 1° gennaio 2008)	+13,5 %	+3,7 %
Performance della quotazione di borsa dalla fondazione (nov . 1993)	+271,7 %	+349,3 %
Performance annualizzata della quotazione di borsa dalla fondazione	+8,5 %	+9,8 %
Outperformance (NAV) rispetto al Nasdaq Biotechnology Index dalla fondazione		+555,8 %
Dividendo 2008		CHF 1 . 80

Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#161227]

Comunicato stampaParigi, 9 dicembre 2009Icade lancia la Tour DescartesIcade, proprietaria della Tour Descartes, sfrutterà al meglio l opportunità rappresentata dalla partenza dell unico affittuario, IBM, per ristrutturare completamente il grattacielo . Una volta completati i lavori, l immobile sarà un eccellente esempio di ristrutturazione che fornisce un iniziativa di sviluppo sostenibile, certificazione HQE/BREEAM, ed uffici con uno standard internazionale . Icade è diventata proprietaria di tutta la torre nel 2007, dopo l annuncio che IBM l avrebbe lasciata . L edificio sarà liberato per il 31 dicembre 2009 . L immobile si erge su un sito indipendente di 16,000m2 ed i 41 piani (140m d altezza) offrono una superficie utile di 89,000m2, più 1200 parcheggi dedicati . The work will be managed by Icade s property development division . They will in particular be handling the complete renovation of the office levels, the technical installations and the communal areas . The tower has an advanced design, benefiting from a double-skin outer wall . The renovation project will also involve complete replacement of the interior façade . In order to respond as well as possible to users expectations, Icade is putting in an overall investment of around 250 million euros . Delivery is due at the end of 2012, making it the only restructuring announced for a property of more than 20,000m2 that will be delivered in La Défense in 2012 . About IcadeIcade is a listed real-estate company, subsidiary of the Caisse des Dépôts, which carries out business activities in property investment, property development and related services in the offices, business parks, shopping centres, public-healthcare amenities and housing sectors . Expertise in its different business lines means that Icade is able to provide its clients with personalised solutions and act in respect of all the current concerns of the property sector . In 2008, Icade recorded consolidated turnover of 1,599 million euros and net current cash flow of 206 million euros . At 30th June 2009, the revalued liquidation net asset value rose to 4,236 . 6 million euros, i . e . 86 . 9 euros per share . ContactsNathalie PalladitcheffMember of the Executive Board, responsible for finance, legal affairs and IT systems+33 (0)1 41 57 70 12nathalie . palladitcheff@icade . frRémi LemayFinancial and External Communication Manager+33 (0)1 41 57 71 05remi . lemay@icade . frCopyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#161232]

Performance08/12/2009 8:00 (MEZ)

SIX Svizzera
Corso di borsa	CHF 76,15
Valore intrinseco (NAV)	CHF 93,95
Premio/(-sconto)	-18,95 %
TecDax Germania
Corso di borsa	EUR 49,82
Valore intrinseco (NAV)	EUR 62,15
Premio/(-sconto)	-19,84 %
All Star Italia
Corso di borsa	EUR 50,47
Valore intrinseco (NAV)	EUR 62,15
Premio/(-sconto)	-18,79 %

Andamento del titolo (SIX), dividendo rettificato
	Share price	Net Asset Value (NAV)
Andamento della quotazione di borsa per l esercizio in corso (dal 1° gennaio 2008)	+14,1 %	+4,1 %
Performance della quotazione di borsa dalla fondazione (nov . 1993)	+273,7 %	+351,2 %
Performance annualizzata della quotazione di borsa dalla fondazione	+8,5 %	+9,8 %
Outperformance (NAV) rispetto al Nasdaq Biotechnology Index dalla fondazione		+261,6 %
Dividendo 2008		CHF 1 . 80

Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#161182]

Performance07/12/2009 8:00 (MEZ)

SIX Svizzera
Corso di borsa	CHF 76,00
Valore intrinseco (NAV)	CHF 94,15
Premio/(-sconto)	-19,28 %
TecDax Germania
Corso di borsa	EUR 50,50
Valore intrinseco (NAV)	EUR 62,35
Premio/(-sconto)	-19,01 %
All Star Italia
Corso di borsa	EUR 50,50
Valore intrinseco (NAV)	EUR 62,35
Premio/(-sconto)	-19,01 %

Andamento del titolo (SIX), dividendo rettificato
	Share price	Net Asset Value (NAV)
Andamento della quotazione di borsa per l esercizio in corso (dal 1° gennaio 2008)	+13,9 %	+4,3 %
Performance della quotazione di borsa dalla fondazione (nov . 1993)	+273,0 %	+352,2 %
Performance annualizzata della quotazione di borsa dalla fondazione	+8,5 %	+9,8 %
Outperformance (NAV) rispetto al Nasdaq Biotechnology Index dalla fondazione		+264,5 %
Dividendo 2008		CHF 1 . 80

Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#161137]

Comunicato stampa04 dicembre 2009Per ulteriori informazioni, contattare:Beat Werder +33 (0)1 46 98 71 39Chief Communications OfficerMarco Circelli +44 (0)20 3207 8561Head of Group Corporate Finance & Financial CommunicationsSCOR finalizza l acquisizione di XL Re Life America Inc . SCOR Global Life US (SGLUS), filiale al 100% del gruppo SCOR, ha completato le formalità per l acquisizione, da XL Capital Ltd, di tutto il capitale azionario di XL Re Life America Inc . (XLRLA) . L operazione era stata annunciata inizialmente il 22 luglio 2009 . Questa acquisizione permetterà a SCOR Global Life di ampliare la sua offerta di assicurazione morte e di rafforzare il suo posizionamento negli Stati Uniti . Dimostra anche che SCOR continua il suo collocamento sul principale mercato di riassicurazione Vita del mondo . Questa acquisizione non dovrebbe generare nessun goodwill . With its retention of the XLRLA team, SGLUS has enhanced its staff and ensured that it will have the resources to continue to provide the same level of excellent services for both existing clients and the new clients acquired through the XLRLA transaction . ** *Forward-looking statementsSCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission . Thus, any forward- . looking statements contained in this communication should not be held as corresponding to such profit forecasts . Information in this communication may include "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact . Forward-looking statements are typically identified by words or phrases such as, without limitation, "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as, without limitations, "will", "should", "would" and "could . " Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand . Additional information regarding risks, uncertainties and pending litigations is set forth in the 2008 reference document registered with the AMF under number D . 09-0099 ("Document de Référence") and subsequently updated in the half year report, both available on SCOR website www . scor . com . As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings . Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#161147]

REXEL: Rexel lancia l offerta di obbligazioni inaugurali di riferimento Euro Notes, come parte del rifinanziamento della sua esistente facilitazione creditizia seniorNON PER DISTRIBUZIONE, DIRETTAMENTE O INDIRETTAMENTE, NEGLI STATI UNITI, CANADA, AUSTRALIA O GIAPPONEIl presente documento non costituisce un offerta di vendita di titoli o una sollecitazione a fare un offerta per la sottoscrizione di titoli in Francia, negli Stati Uniti o in altre giurisdizioni . I titoli qui descritti non possono essere offerti o venduti negli Stati Uniti, e a o per beneficio di persone residenti negli Stati Uniti ("U . S . persons"), in mancanza di registrazione o di un esenzione dall obbligo di registrazione ai sensi del U . S . Securities Act del 1933, come successivamente modificato (il "Securities Act") . The Notes of Rexel have not been and will not be registered under Securities Act and Rexel does not intend to make a public offer of its securities in the United States . The offer and sale of the Notes in France will be carried out through a private placement to qualified investors, in accordance with article L . 411-2 of the French Financial and Monetary Code and other applicable laws and regulations . There will be no public offering in France . Rexel launches inaugural benchmark Euro Notes offering as part of the refinancing of its existing senior credit facilityRexel announced today that it is seeking to raise an amount of E500 million of senior unsecured notes due 2016 (the "Notes"), market conditions permitting . Upon the successful completion of this Notes offering, Rexel would refinance the remainder of its existing senior credit facility dated December 19, 2007 as amended on July 30, 2009, through a new E1 . 7 billion senior credit facility (the "Refinancing Transactions") . Through the Refinancing Transactions, Rexel will enhance its financial flexibility by diversifying its investor base through access to the debt capital market and will extend its debt maturity profile . The completion of the Refinancing Transactions is expected to take place before year-end 2009 and is subject to market conditions . About the Notes issuanceRexel is seeking to raise E500 million of senior unsecured 7-year Notes that will be non callable for four years . The Notes will rank pari passu with Rexel s new senior credit facility and will be guaranteed by certain of Rexel s subsidiaries, which will also guarantee the obligations of Rexel under the new senior credit facilities . The Notes will be offered only to institutional investors outside the United States and are expected to be listed on the Luxembourg Stock Exchange (Euro MTF) . Rexel is expected to be rated by Moody s, Fitch and Standard & Poor s . Ratings announcements are expected to be released shortly by the respective rating agencies . CALYON, The Royal Bank of Scotland plc and BofA Merrill Lynch will act as Joint Global Coordinators and Joint Bookrunners for the Notes offering . BNP Paribas, HSBC and Natixis will act as Joint Bookrunners . CM-CIC Securities, ING and Société Générale Corporate & Investment Banking will act as Co-Lead Managers . BayernLB will act as Co-Manager . The delivery and settlement is expected to close around December 18, 2009 . About the new senior credit facilitiesConcurrently with the offering of the Notes, Rexel has signed an agreement with a syndicate of lenders to enter into a new senior credit agreement which will replace the existing senior credit agreement . The obligations of Rexel under the new senior credit facilities will rank pari passu with the Notes and will be guaranteed by the same guarantors as the Notes . The new senior credit facilities are conditional to the closing of the offering of the Notes . The E1 . 7 billion new senior credit facilities have been entered into with BNP Paribas, CALYON, CM-CIC, HSBC France, Natixis, as Mandated Lead Arrangers and Bookrunners, and ING, The Royal Bank of Scotland plc, Société Générale Corporate & Investment Banking and Banc of America Securities Limited, as Mandated Lead Arrangers . CALYON will act as Facility Agent . The new senior credit agreement comprises two revolving credit facilities structured as follows:- a three-year multi-currency revolving credit facility in an initial amount of E600 million, which will reduce to E400 million after one year and to E200 million after two years (Facility A); and- a five-year multi-currency revolving credit facility in an amount of E1,100 million (Facility B) . The interest rates in the new senior credit facilities are slightly lower than those in the existing senior credit agreement . The financial covenants in the new senior credit agreement are similar to those in the existing senior credit agreement, including the ratio of consolidated total net financial indebtedness to consolidated adjusted EBITDA (declining from 5 . 15x for the period ended December 31, 2009 to 3 . 50x for the period ended December 31, 2012 and thereafter) . Proceeds of the Refinancing Transactions will be used to refinance the existing senior credit agreement, finance working capital needs and for general corporate purposes of the Group, including the financing or refinancing of acquisitions . For further information, please contact:Financial Analysts / Investors PressMarc Maillet Pénélope Linage( +33 1 42 85 76 12 ( +33 1 42 85 76 28mmaillet@rexel . com plinage@rexel . comBrunswickThomas Kamm( +33 1 53 96 83 92tkamm@brunswickgroup . comRexel, a global leader in the distribution of electrical supplies, serves three main end markets: industrial, commercial and residential . The Group operates in 34 countries, with a network of some 2,300 branches, and employs 30,000 people . Rexel s pro forma sales were E13 . 7 billion in 2008 . Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and Merrill Lynch Global Private Equity . 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 . comDisclaimerNo communication and no information in respect of the offering by Rexel of notes (the "Notes") may be distributed to the public in any jurisdiction where a registration or approval is required . No steps have been or will be taken in any jurisdiction where such steps would be required . The offering or subscription of the Notes may be subject to specific legal or regulatory restrictions in certain jurisdictions . Rexel takes no responsibility for any violation of any such restrictions by any person . This announcement is not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament ant the Council of November 4, 2003, as implemented in each member State of the European Economic Area (the "Prospectus Directive") . This announcement does not, and shall not, in any circumstances constitute a public offering nor an invitation to the public in connection with any offer in any jurisdiction . The offer and sale of the Notes in France will be carried out through a private placement to qualified investors, in accordance with article L . 411-2 of the French Financial and Monetary Code and other applicable laws and regulations . There will be no public offering in France . With respect to the member States of the European Economic Area, other than France, which have implemented the Prospectus Directive (each, a "relevant member State"), no action has been undertaken or will be undertaken to make an offer to the public of the Notes requiring a publication of a prospectus in any relevant member State . As a result, the Notes may only be offered in relevant member States: (a) to legal entities which are authorized or regulated to operate in the financial markets or, if not so authorized or regulated, whose corporate purpose is solely to place securities, (b) to any legal entity which has two or more of the following criteria: (1) an average of at least 250 employees during the last financial year; (2) a total balance sheet of more than E43 million; and (3) an annual net turnover of more than E50 million, as per its last annual or consolidated accounts, (c) in any other circumstances, not requiring the issuer to publish a prospectus as provided under article 3(2) of the prospectus directive . This communication does not constitute an offer to the public in the United Kingdom . No prospectus has been or will be approved in the United Kingdom in respect of the Notes . The distribution of this press release is not made, and has not been approved, by an "authorised person" within the meaning of Article 21(1) of the Financial Services and Markets Act 2000 . As a consequence, this press release is directed only at persons who (i) are located outside the United Kingdom, (ii) have professional experience in matters relating to investments and fall within Article 19(5) ("investment professionals") of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005, (iii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc . ") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 or (iv) are persons to whom this communication may otherwise lawfully be communicated (all such persons together being referred to as "Relevant Persons") . The Notes are directed only at Relevant Persons and no invitation, offer or agreements to subscribe, purchase or otherwise acquire Notes may be proposed or made other than with Relevant Persons . Any person other than a Relevant Person may not act or rely on this document or any provision thereof . This press release is not a prospectus which has been approved by the Financial Services Authority or any other United Kingdom regulatory authority for the purposes of Section 85 of the Financial Services and Markets Act 2000 . This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States . The Notes have not been and will not be registered under the Securities Act, or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U . S . persons, as such term is defined in Regulation S under the Securities Act ("Regulation S"), expect pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act . The Notes are being offered and sold only outside the United States to non-U . S . persons in "offshore transactions" as defined in and in accordance with Regulation S . Rexel does not intend to register any portion of the offering in the United States or to conduct an offering of securities in the United States . In connection with the sale of the Notes, one or more parties named as the stabilizing manager(s) (or persons acting on behalf of any stabilizing manager(s)) may over allot Notes or effect transactions with a view to supporting the market price of the Notes at a level higher than that which might otherwise prevail . However, there is no assurance that the stabilizing manager(s) (or persons acting on behalf of any stabilizing manager(s)) will undertake stabilization action . Any stabilization action may begin on or after the date on which adequate public disclosure of the terms of the offer of the Notes is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue date of the Notes and 60 days after the date of the allotment of the Notes . Any stabilization action or over allotment must be conducted by the relevant stabilizing manager(s) (or person(s) acting on behalf of any stabilizing manager(s)) in accordance with all applicable laws and rules . The distribution of this document in certain countries may constitute a breach of applicable law . The information contained in this document does not constitute an offer of securities for sale in the United States, Canada, Japan or Australia . This press release may not be published, forwarded or distributed in the United States, Canada, Australia or Japan . Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#161149]

Comunicato stampa07 dicembre 2009Per informazioni ulteriori si prega di contattare:Beat Werder +33 (0)1 46 98 71 39Chief Communications OfficerMarco Circelli +44 (0)20 3207 8561Head of Group Corporate Finance & Financial CommunicationsSCOR vince il premio "Riassicuratore europeo dell anno"della rivista ReinsuranceI lettori della rivista Reinsurance hanno nominato per l anno in corso SCOR " Riassicuratore europeo dell anno" fra i premiati dai lettori della rivista . Questi premi sono organizzati una volta all anno e danno a tutti i lettori di Reinsurance, in particolare gli operatori di riassicurazioni, acquirenti e venditori, l occasione di votare sul web per i loro riassicuratori preferiti . Reinsurance è una delle pubblicazioni leader del settore della riassicurazione con lettori in tutto il mondo . SCOR Chairman and CEO Denis Kessler commented: "SCOR is pleased to have won the European Reinsurer of the Year Award , as voted for by the readers of Reinsurance magazine . We see this award as recognition of the fact that the Group has repeatedly been able to demonstrate its very strong franchise value, delivering positive results for 20 consecutive quarters despite the advent of the first genuinely global financial crisis . Our traditional and cautious business approach, combined with conservative, cash-oriented financial management, has enabled us to weather the financial storm and to continue to provide our clients with reinsurance skills and capacity . We would like to thank the readers of Reinsurance for bestowing this award on SCOR" . In 2009 SCOR has repeatedly been selected for major industry awards . Most recently, in July 2009, Environmental Finance magazine named SCOR as the winner of this year s "Catastrophe Risk Transaction of the Year" award for its "Atlas V" transaction . In March 2009, SCOR won an award for "Best International Reinsurer on the Russian Market in 2008" at the thirteenth Russian Reinsurance Conference, organised in Moscow by the All-Russian Insurance Association (ARIA) . In February 2009, SCOR Global Life UK won three prestigious awards in the Redmayne Report on Reassurance 2008: "Best Overall Reinsurer", "Best Client Focus" and "Reinsurance Personality" . Finally, in January 2009 the leading international financial risk publication Risk Magazine named SCOR as "Insurance Risk Manager of the Year" for a proprietary software tool that the company has developed called the "Economic Scenario Generator (ESG)" . The award was bestowed on Michel Dacorogna, Head of Group Financial Analysis and Risk Modelling and project leader . The Risk Magazine Awards are designed to recognise best practice and innovation in risk management on the financial and derivatives markets . ** *Forward-looking statementsSCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission . Thus, any forward- . looking statements contained in this communication should not be held as corresponding to such profit forecasts . Information in this communication may include "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact . Forward-looking statements are typically identified by words or phrases such as, without limitation, "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as, without limitations, "will", "should", "would" and "could . " Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand . Additional information regarding risks, uncertainties and pending litigations is set forth in the 2008 reference document registered with the AMF under number D . 09-0099 ("Document de Référence") and subsequently updated in the half year report, both available on SCOR website www . scor . com . As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings . Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#161158]