It is our pleasure to announce that AXA Private Equity has been named "Private Equity Firm of the Year" at the FT - Mergermarket European M&A Awards 2009. This is in recognition of our premier position in the private equity market over the past twelve months.

We would like to thank our clients, partners and employees for their continuous support and we look forward to a prosperous 2010.

Dominique Senequier
Chief Executive Officer