Press release

14 September 2010

Lyxor lists 22 ETFs on NYSE in Brussels

Today, Lyxor lists 22 ETFs on NYSE Euronext in Brussels.

With these additional ETFs, NYSE Euronext Brussels offers to the investors a wide range of ETFs replicating bear- and bull -index performances based on the leading AEX, BEL 20 and CAC 40 indices as well as other equity and fixed income indices.

ETFs combine the diversification of investment funds while being traded real time like shares on the highly liquid and transparent single order book of NYSE Euronext European markets and without creation and redemption fees.

ETF Isincode TER Reference index Lyxor ETF Brazil (IBOVESPA) FR0010408799 0.65% Ibovespa Lyxor ETF Lev Dax LU0252634307 0.40% DAX® Lyxor ETF DAX LU0252633754 0.15% DAX® Lyxor ETF EurMTS 1 – 3 Y FR0010222224 0.165% EuroMTS 1‐3Y Lyxor ETF EurMTS Global FR0010028860 0.165% EuroMTS Global Lyxor ETF EurMTS 3 – 5 Y FR0010037234 0.165% EuroMTS 3‐5Y Lyxor ETF XBear CAC 40 FR0010411884 0.60% CAC 40® Lyxor ETF Lev CAC 40 FR0010592014 0.40% CAC 40 Leverage Lyxor ETF CAC 40 FR0007052782 0.25% CAC 40® Lyxor ETF FR0007054358 0.25% Euro Stoxx 50 ® Lyxor ETF China FR0010204081 0.65% Hang Seng China Enterprise Index Lyxor ETF XBear Euro Stoxx 50 FR0010424143 0.60% Euro Stoxx 50 Return EUR® Lyxor ETF India FR0010361683 0.85% MSCI India Lyxor ETF Russia FR0010326140 0.65% Dow Jones Rusindex Titans 10 Lyxor ETF LEV Euro Stoxx 50 FR0010468983 0.40% Euro Stoxx 50 Daily Leverage Lyxor ETF Emerging Markets FR0010429068 0.65% MSCI Emerging Markets Lyxor ETF MSCI Europe FR0010261198 0.35% MSCI Europe Lyxor ETF CRB FR0010270033 0.35% Reuters/Jefferies CRB Total Return Lyxor ETF EuroMTS AAA FR0010820258 0.165% EuroMTS AAA Government (TR) Lyxor ETF MSCI World FR0010315770 0.45% MSCI World Lyxor ETF Lev AEX FR0010592006 0.40% AEX® Leverage Lyxor ETF Short AEX FR0010591354 0.40% AEX® Short

Press contacts: Lyxor ETF: Floor van Zoelen +33 1 42 13 54 15 (NL/FR) Lyxor ETF : Sjef Pieters +31 20 462 28 99 (NL) NYSE Euronext: Anne De Gang - +32 2 509 13 92

Note to editors :

About NYSE Euronext NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York , NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.

Lyxor Asset Management - www.lyxor.com

Created in 1998, Lyxor Asset Management currently manages EUR 86.00 billion*. A wholly-owned subsidiary of Société Générale Group, belonging to the Corporate and Investment Banking arm of the group, the asset management company specializes in three businesses:

- Alternative Investments (EUR 18.90 billion): Lyxor offers a broad range of hedge funds, funds of hedge funds and absolute return funds, adhering to high risk-management standards and rigorous hedge fund manager selection guidelines. Lyxor gained its prominence with its hedge fund platform. This platform includes more than 113 hedge funds covering all principal strategies and represents a diversified investment universe benefiting from a high level of transparency, security and liquidity. - Quantitative and Structured Management (EUR 23.70 billion): Lyxor offers investment solutions to its customers adapted to their risk profiles and return objectives. These solutions integrate the innovations of the Group into this domain, world number 1 as regards structured products on equity. - Index Tracking (EUR 43.30 billion): Lyxor offers one of the most diversified and liquid range of ETF (Exchange Traded Funds). The company is one of the top players of the European ETF industry. Lyxor ETFs are listed in Europe and Asia and reflect Equity, Bond and Commodity markets. www.lyxoretf.com.

*AUMs as of July 31st, 2010

The information contained in this document is provided for information purpose only and has no contractual value. The information presented in this document is based on market data at a given moment and may change from time to time. The accuracy, completeness and relevance of some of the information provided is not guaranteed although it has been drawn from sources believed to be reliable. No fiduciary or liability is incurred for any material or typographic error that may appear in this document. Investors are advised to consult the "Risk Factors" heading in the prospectus.

The investment in the Lyxor ETFs may be subject to restrictions with regard to certain persons or in certain countries under national regulations applicable to such persons or in said countries. It is the investor’s responsibility to ascertain that they are authorized to invest into these products.

This document does not constitute an offer for sale of securities in the United States. The securities are offered only outside the United States in compliance with Regulation S promulgated under the Securities Act (the « Regulation S ») to a selected group of investors only in “Offshore Transactions” with “Non-U.S. Persons” (each as defined in Regulation S). The securities may be reoffered and sold only to “Non-U.S. Persons” in “Offshore Transactions” pursuant to the resale provisions of Regulation S. No person is obligated or intends to register the securities under the Securities Act or any state securities laws in the United States.

Lyxor ETF Brazil: IBOVESPA is a registered trademark of Bolsa de Valores de Sao Paolo S.A (BVSP) and is used under licence by LYXOR INTERNATIONAL ASSET MANAGEMENT for the commercialisation of the LYXOR ETF BRAZIL (IBOVESPA) Fund. LYXOR ETF BRAZIL (IBOVESPA) does not benefit in any manner whatsoever from the sponsoring, support, or promotion, and is not sold by BOVESPA. BOVESPA does not provide any guaranteed and do not make any commitment with regards to the LYXOR ETF BRAZIL (IBOVESPA) Fund. As calculator and manager of the index, BVSP reserves the right to modify any characteristic of the IBOVESPA index that it deems necessary.

Lyxor ETF LevDax: This financial instrument is neither sponsored nor promoted, distributed or in any other manner supported by Deutsche Börse AG (the "Licensor"). The Licensor does not give any explicit or implicit warranty or representation, neither regarding the results deriving from the use of the Index and/or the Index Trademark nor regarding the Index value at a certain point in time or on a certain date nor in any other respect. The Index is calculated and published by the Licensor. Nevertheless, as far as admissible under statutory law the Licensor will not be liable vis-à-vis third parties for potential errors in the Index. Moreover, there is no obligation for the Licensor vis-à-vis third parties, including investors, to point out potential errors in the Index. Neither the publication of the Index by the Licensor nor the granting of a license regarding the Index as well as the Index Trademark for the utilization in connection with the financial instrument or other securities or financial products, which derived from the Index, represents a recommendation by the Licensor for a capital investment or contains in any manner a warranty or opinion by the Licensor with respect to the attractiveness on an investment in this product. In its capacity as sole owner of all rights to the Index and the Index Trademark the Licensor has solely licensed to the issuer of the financial instrument the utilization of the Index and the Index Trademark as well as any reference to the Index and the Index Trademark in connection with the financial instrument.

Lyxor ETF Dax: This financial instrument is neither sponsored nor promoted, distributed or in any other manner supported by Deutsche Börse AG (the "Licensor"). The Licensor does not give any explicit or implicit warranty or representation, neither regarding the results deriving from the use of the Index and/or the Index Trademark nor regarding the Index value at a certain point in time or on a certain date nor in any other respect. The Index is calculated and published by the Licensor. Nevertheless, as far as admissible under statutory law the Licensor will not be liable vis-à-vis third parties for potential errors in the Index. Moreover, there is no obligation for the Licensor vis-à-vis third parties, including investors, to point out potential errors in the Index. Neither the publication of the Index by the Licensor nor the granting of a license regarding the Index as well as the Index Trademark for the utilization in connection with the financial instrument or other securities or financial products, which derived from the Index, represents a recommendation by the Licensor for a capital investment or contains in any manner a warranty or opinion by the Licensor with respect to the attractiveness on an investment in this product.

In its capacity as sole owner of all rights to the Index and the Index Trademark the Licensor has solely licensed to the issuer of the financial instrument the utilization of the Index and the Index Trademark as well as any reference to the Index and the Index Trademark in connection with the financial instrument.

Lyxor ETF EuroMTS 1 – 3 Y: Lyxor ETF EuroMTS 1-3Y in no way benefits from the sponsorship, support or promotion, and is not sold by EuroMTS Limited (hereinafter collectively referred to as the "Holders"). EuroMTS Limited cannot be held liable for the promotion or commercialisation of the Lyxor ETF EuroMTS 1-3Y Fund. EuroMTS® and index names EuroMTS (EuroMTS IndexTM) and indices EuroMTS (EuroMTS IndicesTM) are registered trademarks of EuroMTS Limited. The EuroMTS indices are calculated by EuroMTS, commercialised and distributed by MTSNext, a company held by EuroMTS. Neither EuroMTS nor MTSNext can be held liable for any losses or damages of any nature whatsoever (including, notably, investment losses) partly or wholly linked to the Lyxor ETF EuroMTS 1-3Y sub-fund or to the supply of the EuroMTS 1-3YTM index, or that of sub-indices or registered trademarks.

Lyxor ETF EuroMTS Global: Lyxor ETF EuroMTS Global in no way benefits from the sponsorship, support or promotion, and is not sold by EuroMTS Limited (hereinafter collectively referred to as the "Holders"). EuroMTS Limited cannot be held liable for the promotion or commercialisation of the Lyxor ETF EuroMTS Global Fund. EuroMTS® and index names EuroMTS (EuroMTS IndexTM) and indices EuroMTS (EuroMTS IndicesTM) are registered trademarks of EuroMTS Limited. The EuroMTS indices are calculated by EuroMTS, commercialised and distributed by MTSNext, a company held by EuroMTS. Neither EuroMTS nor MTSNext can be held liable for any losses or damages of any nature whatsoever (including, notably, investment losses) partly or wholly linked to the Lyxor ETF EuroMTS Global sub-fund or to the supply of the EuroMTS GlobalTM index, or that of sub-indices or registered.

Lyxor ETF EuroMTS 3 – 5 Y: Lyxor ETF EuroMTS 3-5Y in no way benefits from the sponsorship, support or promotion, and is not sold by EuroMTS Limited (hereinafter collectively referred to as the "Holders"). EuroMTS Limited cannot be held liable for the promotion or commercialisation of the Lyxor ETF EuroMTS 3-5Y Fund. EuroMTS® and index names EuroMTS (EuroMTS IndexTM) and indices EuroMTS (EuroMTS IndicesTM) are registered trademarks of EuroMTS Limited. The EuroMTS indices are calculated by EuroMTS, commercialised and distributed by MTSNext, a company held by EuroMTS. Neither EuroMTS nor MTSNext can be held liable for any losses or damages of any nature whatsoever (including, notably, investment losses) partly or wholly linked to the Lyxor ETF EuroMTS 3-5Y sub-fund or to the supply of the EuroMTS 3-5YTM index, or that of sub-indices or registered trademarks.

Lyxor ETF XBear CAC40: CAC 40 is a registered trademark of SA and refers to the index calculated and published by Euronext Paris SA. Euronext Paris SA does not provide any guarantee with regards to the value of the index and do not make any commitment with regards to the performance and results of the LYXOR ETF XBear CAC40 Fund.

Lyxor ETF Leverage CAC40: Euronext Paris S.A. holds all property rights concerning the Index. Euronext Paris S.A., as well as any direct or indirect subsidiary, do not guarantee, approve or are concerned in any manner whatsoever by the issue and offer of the product. Euronext Paris S.A., as well as any direct or indirect subsidiary, cannot be held liable with regards to third parties in the event of inaccurate data on which the Index is based, fault, error or omission concerning the calculation or dissemination of the Index, or pertaining to its use within the framework of this issue and of this offer. "CAC 40®" and "CAC®" are registered trademarks of Euronext Paris S.A., subsidiary of Euronext N.V.

Lyxor ETF CAC40: Euronext Paris S.A. holds all property rights concerning the Index. Euronext Paris S.A., as well as any direct or indirect subsidiary, do not guarantee, approve or are concerned in any manner whatsoever by the issue and offer of the product. Euronext Paris S.A., as well as any direct or indirect subsidiary, cannot be held liable with regards to third parties in the event of inaccurate data on which the Index is based, fault, error or omission concerning the calculation or dissemination of the Index, or pertaining to its use within the framework of this issue and of this offer. "CAC 40®" and "CAC®" are registered trademarks of Euronext Paris S.A., subsidiary of Euronext N.V.

Lyxor ETF Euro Stoxx 50: The Index is the exclusive property of Stoxx Limited and has been the subject of a license granted, for certain requirements, to Lyxor Asset Management. The product is not sponsored, endorsed, sold or promoted by Stoxx Limited. Stoxx Limited grants no guarantee and undertakes no commitment, whether explicitly or implicitly, relative to the results to be obtained through the use of the product. The Licensors will not be liable (whether on the basis of negligence or any other basis) for any error affecting the index with regard to any party, and it will have no obligation to inform anyone of any possible error affecting the index.

Lyxor ETF China Enterprise (HSCEI): The Hang Seng China Enterprises index is published and calculated by Hang Seng Indexes Company Limited in accordance with a licence from Hang Seng Data Services Limited. The brand and name “Hang Seng China Enterprises Index” are the property of Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited have agreed to authorise the use and reference to the Hang Seng China Enterprises index by Lyxor International Asset Management in relation with the issue of units of the LYXOR ETF CHINA ENTERPRISE (HSCEI) Fund (the “Product”), however Hang Seng Indexes Company Limited nor Hang Seng Data Services Limited guarantee or declare or certify any broker or holder or bearer of the Product or any other person the accuracy and completeness of the Hang Seng China Enterprises index and its calculation or any information relating to it, and no guarantee or declaration or certification of any nature whatsoever, whether explicit or implicit, is provided or suggested concerning the Hang Seng China Enterprises Index. The process and the basis for calculating and compiling the Hang Seng China Enterprises index, the formula relating to it and the shares comprising it as well as the pertinent factors can be modified or adjusted at any time without notice by Hang Seng Indexes Company Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited cannot be held liable for the use or the reference made by Lyxor International Asset Management of the Hang Seng China Enterprises Index in relation with the Product, or for any inaccuracies, omissions or errors of Hang Seng Indexes Company Limited in the calculation of the Hang Seng China Enterprises index or for any resulting financial or other losses which may be incurred either directly or indirectly by any broker, or holder or bearer of the Product or any other person processing or trading the Product. No complaints, legal action or procedures of any kind may be lodged against Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited in relation to the Product, by any broker, holder or bearer of the Product or any other person or persons dealing with or trading the Product. Any broker, holder or bearer or any other person processing or trading the Product does so with full knowledge of this warning and does not form a basis and does not count, in any way whatsoever, on Hang Seng Indexes Company Limited and Hang Seng Data Services Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasi- contractual relationship between any broker, holder or other person and Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship.

Lyxor ETF XBear Euro Stoxx 50: The Index is the exclusive property of Stoxx Limited and has been the subject of a license granted, for certain requirements, to Lyxor Asset Management. The product is not sponsored, endorsed, sold or promoted by Stoxx Limited. Stoxx Limited grants no guarantee and undertakes no commitment, whether explicitly or implicitly, relative to the results to be obtained through the use of the product. The Licensors will not be liable (whether on the basis of negligence or any other basis) for any error affecting the index with regard to any party, and it will have no obligation to inform anyone of any possible error affecting the index.

Lyxor ETF MSCI India: The MSCI indexes are the exclusive property of MSCI Inc. ("MSCI Barra"). MSCI Barra and the MSCI index names are service mark(s) of MSCI Barra or its affiliates and have been licensed for use for certain purposes by Lyxor International Asset Management. The financial securities referred to herein are not sponsored, endorsed, or promoted by MSCI Barra, and MSCI Barra bears no liability with respect to any such financial securities. The Lyxor ETFs Prospectus contains a more detailed description of the limited relationship MSCI Barra has with Lyxor International Asset Management and any related financial securities. No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any MSCI Barra trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting MSCI Barra to determine whether MSCI Barra's permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI Barra without the prior written permission of MSCI Barra.

Lyxor ETF Russia (DJ Rusindex Titans 10): The DOW JONES RUSINDEX TITANS 10™ index currently comprises of Global Depository Receipts (or “GDRs”) which are listed on the London Stock Exchange. Exposure to the aforesaid GDRs may generate additional risks compared to a direct exposure to the corresponding underlying Russian stocks. Such additional risks are due to, inter alia, (i) the involvement of a depositary bank and (ii) the risk of non- segregation under Russian law between the securities held by the depositary bank as collateral for the GDRs and its own assets. The depositary banks of the GDRs constituting the DOW JONES RUSINDEX TITANS 10™ index are currently, the Bank of New York Mellon, Deutsche Bank and J.P. Morgan. Further details relating to the risks described above can be found in the Singapore Prospectus. The Fund is in no way sponsored, endorsed, sold or promoted by Dow Jones, nor by any Dow Jones subsidiary, nor by any of the entities involved in the preparation of the Dow Jones indices. The Dow Jones indices are the exclusive property of Dow Jones and the Dow Jones indices are brands belonging to Dow Jones or its subsidiaries and have been the subject of a licence granted, for certain requirements, to the Manager. Neither Dow Jones, nor any Dow Jones subsidiary, nor any of the entities involved in the preparation and calculation of the Dow Jones indices makes any declaration or issues any express or implicit guarantee relative to holders of the fund’s units or more generally to the public, with regard to the timeliness of a transaction involving mutual fund units in general or the Fund’s units in particular, or regarding the ability of any Dow Jones index to replicate the performance of the overall equity market. Dow Jones or its subsidiaries are the owners of certain names, registered trademarks and of the Dow Jones that are determined, composed and calculated by Dow Jones without discussion with the Manager or the Fund. Neither Dow Jones, nor any Dow Jones subsidiary, nor any of the entities involved in the preparation of the Dow Jones indices, is required to take into account the requirements of the Manager or of the holders of the Fund’s units when determining, composing or calculating the Dow Jones indices. Neither Dow Jones, nor any Dow Jones subsidiary, nor any of the entities involved in the preparation of the Dow Jones indices makes any decision regarding the launch date, the price, the quantity of the Fund’s units, or even the determination and calculation of the formula used to establish a Fund’s net asset value. Neither Dow Jones, nor any Dow Jones subsidiary, nor any of the entities involved in the preparation of the Dow Jones indices, assumes any liability or obligation regarding the administration, management or marketing of the Fund. THOUGH DOW JONES OBTAINS INFORMATION FOR INTEGRATION OR USE IN THE CALCULATION OF THE INDICES FROM SOURCES THAT DOW JONES CONSIDERS TO BE RELIABLE, NEITHER DOW JONES NOR ANY OTHER PARTY INVOLVED IN THE CREATION OR CALCULATION OF THE DOW JONES INDICES GUARANTEES THE EXACTNESS AND/OR EXHAUSTIVE NATURE OF THE INDICES OR OF ANY INCLUDED DATA.NEITHER DOW JONES NOR ANY OTHER PARTY INVOLVED IN THE CREATION OF A CALCULATION FOR THE DOW JONES INDICES GIVES ANY EXPRESS OR IMPLICIT GUARANTEE REGARDING THE RESULTS THAT MAY BE OBTAINED BY THE HOLDER OF A DOW JONES LICENCE, THE CUSTOMERS OF THE SAID LICENSEE AS WELL AS THE COUNTERPARTS, UNITHOLDERS IN THE FUND OR ANY OTHER PERSON OR ENTITY, BASED ON THE USAGE OF THE INDICES OR OF ANY DATA INCLUDED WITH REGARD TO THE RIGHTS GRANTED BY LICENCE OR FOR ANY OTHER USAGE. NEITHER DOW JONES NOR ANY OTHER PARTY GIVES EXPRESS OR IMPLICIT GUARANTEES AND DOW JONES REJECTS ALL GUARANTEES REGARDING THE COMMERCIAL VALUE OR ADEQUACY FOR SPECIFIC USAGE OF THE INDICES OR INCLUDED DATA. NOTWITHSTANDING THE ABOVE, UNDER NO CIRCUMSTANCES CAN THE LIABILITY OF DOW JONES OR OF ANY OTHER PARTY BE SOUGHT WITH REGARD TO ANY DAMAGES, WHETHER DIRECT, INDIRECT OR OTHER (INCLUDING THE LOSS OF EARNINGS), EVEN IN CASE OF KNOWLEDGE OF THE POSSIBILITY OF SUCH DAMAGES.

Lyxor ETF Euro Stoxx 50 Daily Leverage: The Index is the exclusive property of Stoxx Limited and has been the subject of a license granted, for certain requirements, to Lyxor Asset Management. The product is not sponsored, endorsed, sold or promoted by Stoxx Limited. Stoxx Limited grants no guarantee and undertakes no commitment, whether explicitly or implicitly, relative to the results to be obtained through the use of the product. The Licensors will not be liable (whether on the basis of negligence or any other basis) for any error affecting the index with regard to any party, and it will have no obligation to inform anyone of any possible error affecting the index.

Lyxor ETF MSCI Emerging Markets: The MSCI indexes are the exclusive property of MSCI Inc. ("MSCI Barra"). MSCI Barra and the MSCI index names are service mark(s) of MSCI Barra or its affiliates and have been licensed for use for certain purposes by Lyxor International Asset Management. The financial securities referred to herein are not sponsored, endorsed, or promoted by MSCI Barra, and MSCI Barra bears no liability with respect to any such financial securities. The Lyxor ETFs Prospectus contains a more detailed description of the limited relationship MSCI Barra has with Lyxor International Asset Management and any related financial securities. No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any MSCI Barra trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting MSCI Barra to determine whether MSCI Barra's permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI Barra without the prior written permission of MSCI Barra.

Lyxor ETF MSCI Europe: The MSCI indexes are the exclusive property of MSCI Inc. ("MSCI Barra"). MSCI Barra and the MSCI index names are service mark(s) of MSCI Barra or its affiliates and have been licensed for use for certain purposes by Lyxor International Asset Management. The financial securities referred to herein are not sponsored, endorsed, or promoted by MSCI Barra, and MSCI Barra bears no liability with respect to any such financial securities. The Lyxor ETFs Prospectus contains a more detailed description of the limited relationship MSCI Barra has with Lyxor International Asset Management and any related financial securities. No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any MSCI Barra trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting MSCI Barra to determine whether MSCI Barra's permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI Barra without the prior written permission of MSCI Barra.

Lyxor ETF Commodities CRB: The Product(s) is not sponsored, endorsed, sold or promoted by Thomson Reuters America LLC “Thomson Reuters”), Jefferies Financial Products, LLC (“Jefferies”) or any of their subsidiaries or affiliates (collectively the "Licensors"). Licensors make no representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities or commodities generally or in the Product(s) particularly or the ability of the Reuters/Jefferies CRB Index to track general commodity market performance. Licensors’ only relationship to Société Générale and Lyxor International Asset Management (“Licensee”) is the licensing of the Reuters/Jefferies CRB Index, which is determined, composed and calculated by Licensors without regard to the Licensee or the Product(s). Licensors have no obligation to take the needs of the Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the Reuters/Jefferies CRB Index.

Licensors are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. Licensors have no obligation or liability in connection with the administration, marketing or trading of the Product(s). Licensors and their affiliates and their respective directors, officers, employees and agents may buy or sell securities or commodities mentioned or contemplated herein as agent or as principal for their own accounts and may have positions or engage in transactions based on or indexed to the Reuters/Jefferies CRB Index. It is possible that Licensors' trading activity will affect the value of the Reuters/Jefferies CRB Index. Licensors may operate and market other indices that may compete with the Reuters/Jefferies CRB Index. LICENSORS DO NOT GUARANTEE THE QUALITY, ACCURACY AND/OR THE COMPLETENESS OF THE REUTERS/JEFFERIES CRB INDEX OR ANY DATA INCLUDEDTHEREIN. LICENSORS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE REUTERS/JEFFERIES CRB INDEX OR ANY DATA INCLUDED THEREIN IN CONNECTION WITH THE RIGHTS LICENSED HEREUNDER OR FOR ANY OTHER USE. LICENSORS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE REUTERS/JEFFERIES CRB INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL LICENSORS HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES (INCLUDING, WITHOUT LIMITATION, LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. Lyxor ETF EuroMTS AAA Government Bond: Lyxor ETF EuroMTS AAA Government Bond in no way benefits from the sponsorship, support or promotion, and is not sold by EuroMTS Limited (hereinafter collectively referred to as the "Holders"). EuroMTS Limited cannot be held liable for the promotion or commercialisation of the Lyxor ETF EuroMTS AAA Government Bond Fund. EuroMTS® and index names EuroMTS (EuroMTS IndexTM) and indices EuroMTS (EuroMTS IndicesTM) are registered trademarks of EuroMTS Limited. The EuroMTS indices are calculated by EuroMTS, commercialised and distributed by MTSNext, a company held by EuroMTS. Neither EuroMTS nor MTSNext can be held liable for any losses or damages of any nature whatsoever (including, notably, investment losses) partly or wholly linked to the Lyxor ETF EuroMTS AAA Government Bond sub-fund or to the supply of the EuroMTS AAA Government Bond TM index, or that of sub-indices or registered trademarks.

Lyxor ETF Leverage AEX: Leverage AEX is a registered trademark of NV and refers to the index calculated and published by Euronext Amsterdam NV. Euronext Amsterdam NV does not provide any guarantee with regards to the value of the index and do not make any commitment with regards to the performance and results of Lyxor ETF Leverage AEX Fund.

Lyxor ETF Short AEX: Short AEX is a registered trademark of Euronext Amsterdam NV and refers to the index calculated and published by Euronext Amsterdam NV. Euronext Amsterdam NV does not provide any guarantee with regards to the value of the index and do not make any commitment with regards to the performance and results of Lyxor ETF Short AEX.