AXA Investment Managers Private Equity Europe
Trading name: AXA Private Equity

Limited company with executive committee and supervisory board, share capital of EUR 269,447
Registered at the Paris trade register (RCS Paris), number 403 201 882
Registered office: 20, place Vendôme - 75001 Paris
Tel: 33(1)44 45 92 00

Portfolio management company regulated by the "Autorité des marchés Financiers" under the Agreement number GP 99-39

• CEO: Dominique Senequier
• Head of publications: Dominique Senequier
• Editor in chief: Dominique Senequier

THIS SITE REFERS ONLY TO FUNDS THAT ARE AUTHORISED FOR SALE IN FRANCE

Purpose
The purpose of this website is to provide the public with information on the activities and products of AXA Private Equity. This should not be considered as canvassing. The information on this website is not of a contractual nature. Nothing on this website should be construed as an offer to sell products, or as a recommendation and/or invitation to tender, or as a public offering of securities.

Important notice
The information contained on the AXA Private Equity website, particularly relating to FCPRs (Venture Capital mutual funds), FIPs (Local Investment Fund) and FCPIs (innovative mutual funds) managed by AXA Private Equity is provided solely for guidance. Subscriptions may not be effected via this website.

The information contained on this website on FCPRs, FIPs and FCPIs is valid at the date of publication. Due to the simplified nature of the website's content, this information is nevertheless incomplete and has no contractual value. It does not constitute an investment recommendation or advice based on the specific circumstances of the website's visitors and may not be appropriate to their individual requirements.

Please note that investments in FCPRs, FIPs and FCPIs expose the investor to risk. We therefore recommend that, before making any investment decision, you consult the current regulatory documents (prospectus and/or regulations), which are available on request from the Management Company.

Please be aware that past performance is no guarantee of future results and that, as the value of the units depends on the value of the securities held in the portfolio, the value of investments can fall as well as rise. This means that investors may not recover the whole amount of their initial investment and no guarantee of income is given.

Copyright
The axaprivateequity.com website is protected under intellectual property rights, as are any data on the website, such as brands, logos, graphs, photographs, etc. The information contained on this website is strictly for the personal use of the website's visitors and may not be reproduced or communicated to third parties, in whole or in part, for commercial or non-commercial purposes.

Due to the simplified nature of the website's content, the information communicated by AXA Private Equity's website is incomplete and has no contractual value. Despite our best endeavours, technical faults may occur. These could result, for example, from restricted access or faulty reproduction of information, caused by either the website itself or the actions of third parties: AXA Private Equity takes no responsibility for any loss which could result. It undertakes only, upon identification of the fault, to implement procedures to remedy such fault.

The user is liable for any reproduction or, in general, any unauthorised use of the website and the information contained therein. Such use may result in legal proceedings, particularly for piracy.

Links to other websites
We are in no way liable in respect of any hypertext links to companies within our Group or to other companies specialised in the sale of financial products.

Links to our website are only allowed with the express written agreement of AXA Private Equity.

Regulations and responsibilities
AXA Private Equity is responsible for updating the website. AXA Private Equity has ensured to the best of its ability that the information published on the website is correct, but it shall not be held liable for any loss or damage incurred, whatever its nature, which may result from the opinions or information published on the website, whether explicit or implicit.

Password security
Some users will have a personal password to access information of specific interest to them. It is incumbent upon such users to keep their password safe. AXA Private Equity shall not be held liable for any incorrect or fraudulent use of the password.

Local rules and regulations
The laws and regulations of the country from which you access this website may contain restrictions on the distribution of the information the website contains. If this is the case, this information may not be distributed or used by any natural person or legal entity. Such natural persons and legal entities shall be obliged to inform themselves of and to observe any such restrictions.

In accordance with the French Data Protection Act of January 6, 1978, as modified by the law of the 6 August 2004, you have a right to inquire about, access and rectify all of your data and to object to their processing on legitimate grounds. You can exercise these rights by sending a letter, together with a copy of an identity document, to the Data Protection Officer of AXA Private Equity by e-mail at cil-axaprivateequity@axa-im.com or by mail to Correspondant Informatique et libertés d’AXA Private Equity, 20 place Vendôme 75001 Paris.

As our product range comprises FCPRs, FIPs and FCPIs, please read the specific disclaimers relating to the various funds.

© 2006 - AXA Private Equity. All rights reserved.
The information contained on this website may not be reproduced without the permission of AXA Private Equity.

This Website is hosted by AXA Investment Managers Paris, a "société anonyme" incorporated under the laws of France with its registered office located at Cœur Défense Tour B - La Défense 4, 100 Esplanade du Général de Gaulle, 92400 Courbevoie, France.