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* Approval of four new management companies under chapter 13 of the law of 20 December 2002 concerning

The CSSF informs that four new management companies have been registered on the official list of management companies governed by chapter 13 of the law of 20 December 2002 concerning undertakings for collective investment, namely:

1) Management companies whose authorisations cover exclusively the activity of collective management: - IFP Investment Management S.A. - Piraeus Asset Management Europe S.A. - TDO Management Company S.A.

2) Management company whose authorisation covers, in addition to the activity of collective management, one or several other services referred to in article 77(3) of the law of 20 December 2002: - YMA Asset Management S.A. Following these approvals, the number of management companies governed by chapter 13 of the law of 20 December 2002 concerning undertakings for collective investment and allowed to benefit from the European passport since 13 February 2004 by way of free establishment or free provision of services in a EU Member State amounted to 169 as at 10 May 2007.