ncing Company ABB Ltd Pictet & Cie Private Bankers Canada Pension Plan Investment Board Dogus Group Nike Inc. Al Hayat JSC VTB Bank Basic Element Lafarge Enjeux Les Echos Renault SAS ITC Limited Infosys Technologies Ltd Hindustan Construction Company Ltd Videocon Industries Ltd and other Group Compan

S Groupe Malakoff Médéric : Vincent Cornet Directeur des investissements BGFI International : Frank Boucton Directeur administratif et financier Lafarge : Main Guillen Directeur affaires publiques France Newedge USA : John Fay SONY_GM_00077453 JPM-SDNY-00000580 EFTA_uo 187925 Confidential Treatm

y after its inception. Before that Emiho worked at Credit Suisse in its investment banking division, and started his career as a Strategy Analyst at Lafarge. Emilio holds an MSc from HEC Paris and an MEng from the Polytechnic University of Madrid, Spain, Glendower Capital Professionals Deirdre Davies (

y after its inception. Before that Emiho worked at Credit Suisse in its investment banking division, and started his career as a Strategy Analyst at Lafarge. Emilio holds an MSc from HEC Paris and an MEng from the Polytechnic University of Madrid, Spain. Glendower Capital Professionals Deirdre Davies (

y after its inception. Before that Emiho worked at Credit Suisse in its investment banking division, and started his career as a Strategy Analyst at Lafarge. Emilio holds an MSc from HEC Paris and an MEng from the Polytechnic University of Madrid, Spain, Glendower Capital Professionals Deirdre Davies (

y after its inception. Before that Emiho worked at Credit Suisse in its investment banking division, and started his career as a Strategy Analyst at Lafarge. Emilio holds an MSc from HEC Paris and an MEng from the Polytechnic University of Madrid, Spain, Glendower Capital Professionals Deirdre Davies (

hunts for original web-series programming (WSJ) • Arthur Gallagher (AJG) to buy Wesfarmers Insurance broking unit for —$938 million • Holcim and Lafarge merger of equals (big antitrust concerns) (completion expected H1 2015) • Vivendi: Altice wins bidding contest for SFR phone unit (deal valued at m

bt, reits outlook (trading +1.3%) • Finmeccanica O1 revs inline, EBITA light, net debt worse, net below, confirms 2013 targets (trading -0.40%) • Lafarge selling 14% stake in Indian subsidiary, raising Eur200mn to fund future Indian growth (trading +1.0%) • RWE O1 op profit inline, net income beats,

ading -2.9%) EFTA00390873 • Carlsberg Q1 sales ahead, net profit & EBIT beats, gained mkt share in all regions, keeps outlook (trading +1.8%) • Lafarge sales inline, weak margin, EBITDA misses, outlook remains unchanged, sees higher pricing (trading +5.2%) • Hannover Re Q1 NI better, op profit ligh

largely due to one-offs (trading -6.4%) • Allianz reports net income and operating pre-tax profit inline with prelims on Oct 29 (trading -1.5%) • Lafarge reports EBITDA inline, reiterates FY demand forecast, stock has had good run (trading +0.49%) • Novo Nordisk: FDA panel votes 8-4 to approve new ul

lJpfQp1W8> Airline ownership reform aims to boost investment FT<http://www.ft.com/cms/s/0/1f7d7744-6b73-11e0-a53e-00144feab49a.htmlfaxzzlJpfQp1W8> Lafarge in Clbn gypsum arm sale FT<http://www.ft.com/cms/s/0/0e0d3b70-6b8c-11e0- a53e-00144feab49a.html#axzzlJpfQp1W8> New HSBC chief plans radical shake-up

1.53% GDF 73,212 66,320 49,356 (16,964) 0.94% EDF 70,213 60,086 42,338 (17,748) 0.81% Enel Spa 59,690 49,352 37,681 (11,671) 0.72% Lafarge 51,470 89,244 69,931 (19,313) 1.34% Statoil Hydro 50,826 56,142 47,107 (9,036) 0.90% Roche 47,760 45,313 38,046 (7,267) 0.73% Cater

y after its inception. Before that Emiho worked at Credit Suisse in its investment banking division, and started his career as a Strategy Analyst at Lafarge. Emilio holds an MSc from HEC Paris and an MEng from the Polytechnic University of Madrid, Spain. Glendower Capital Professionals Deirdre Davies (

y after its inception. Before that Emiho worked at Credit Suisse in its investment banking division, and started his career as a Strategy Analyst at Lafarge. Emilio holds an MSc from HEC Paris and an MEng from the Polytechnic University of Madrid, Spain, Glendower Capital Professionals Deirdre Davies (

y after its inception. Before that Emiho worked at Credit Suisse in its investment banking division, and started his career as a Strategy Analyst at Lafarge. Emilio holds an MSc from HEC Paris and an MEng from the Polytechnic University of Madrid, Spain, Glendower Capital Professionals Deirdre Davies (

y after its inception. Before that Emiho worked at Credit Suisse in its investment banking division, and started his career as a Strategy Analyst at Lafarge. Emilio holds an MSc from HEC Paris and an MEng from the Polytechnic University of Madrid, Spain, Glendower Capital Professionals Deirdre Davies (

y after its inception. Before that Emiho worked at Credit Suisse in its investment banking drvision, and started his career as a Strategy Analyst at Lafarge. Emilio holds an MSc from HEC Paris and an MEng from the Polytechnic University of Madrid, Spain. Glendower Capital Professionals Deirdre Davies (

y after its inception. Before that Emiho worked at Credit Suisse in its investment banking division, and started his career as a Strategy Analyst at Lafarge. Emilio holds an MSc from HEC Paris and an MEng from the Polytechnic University of Madrid, Spain. Glendower Capital Professionals Deirdre Davies (

y after its inception. Before that Emiho worked at Credit Suisse in its investment banking division, and started his career as a Strategy Analyst at Lafarge. Emilio holds an MSc from HEC Paris and an MEng from the Polytechnic University of Madrid, Spain, Glendower Capital Professionals Deirdre Davies (

y after its inception. Before that Emiho worked at Credit Suisse in its investment banking division, and started his career as a Strategy Analyst at Lafarge. Emilio holds an MSc from HEC Paris and an MEng from the Polytechnic University of Madrid, Spain, Glendower Capital Professionals Deirdre Davies (