Distributor 1 INSTITUTIONAL SHAREHOLDING OF THE BELMID INDEX SURVEY.

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INSTITUTIONAL SHAREHOLDING OF THE BELMID INDEX

SURVEY

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SURVEY METHODOLOGY

Data’ extraction information

Sources:− Euronext for the extraction of the listed companies belonging to the MID CAC 100 Index (1)

and the companies belonging to the BELMID Index (1) .

− LionShares-Factset database (2) for the MID CAC 100 and BELMID Index’ companies’ institutional shareholding data

Dates of the extractions:− CAC MID100 Index : 17 August 2005− BELMID Index : 13 September 2005

Use of the data extractions:The Tradinfo approach is not to give updated figures, but aims at identifying the trends of the European institutional investments in the belgian companies belonging to the BELMID Index.

(1) Companies’ list on page 3(2) LionsShares-Factset: 28000 global Investment Funds analyzed semi-annualy and quartely, representing $20.000 billions

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BELMID INDEX COMPANIES’ LIST (as of September 2005)

COMPANY NAME

ACKERMANS & VAN HAAREN SA DECEUNINCK (PLASTICS IND) SA INTERVEST OFFICES (PERIFUND)

ALMANCORA COM.VA D'IETEREN SA MELEXIS NV

BANQUE NATIONALE DE Belgique DOCPHARMA NV OMEGA PHARMA

BARCO NV EURONAV NV OPTION NV

BEFIMMO SCA SICAFI EVS BROADCASTING EQUIPMENT ROULARTA MEDIA GROUP

BEKAERT SA EXMAR SA RTL GROUP SA

BOIS SAUVAGE FINANCIERE DE TUBIZE (OBOURG) SOFINA SA

BREDERODE SA GIMV SA SOLVUS (CREYFS) NV

CIE MARITIME BELGE SA GLACES DE MOUSTIER-SUR-SAMBRE TELINDUS GROUP (TELINFO)

CIE NATIONALE PORTEFEUILLE ICOS VISION SYSTEMS NV TESSENDERLO CHEMIE NV

COFINIMMO SA INNOGENETICS WAREHOUSES DE PAUW SCA

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CAC MID 100 INDEX COMPANIES’ LIST (as of August 2005)

COMPANY NAME (part 1)

ALAIN AFFLELOU SA CARBONE LORRAINE GENERALE DE SANTE SA

ALSTOM SA CEGEDIM SA GEODIS (CALBERSON) SA

ALTEN CFF RECYCLING (FRANCE FERRAIL) GIFI

ALTRAN TECHNOLOGIES SA CHARGEURS SA GL TRADE SA

APRIL GROUP SA CIE GENERALE DE GEOPHYSIQUE SA GROUPE PARTOUCHE

ASSYSTEM CIMENTS FRANCAIS SA GROUPE STERIA

AXALTO HOLDING NV CLARINS SA GUYENNE ET GASCOGNE SA

BACOU-DALLOZ (C DALLOZ) SA CLUB MEDITERRANEE SA HYPARLO SA

BAIL INVESTISSEMENT(SELECTIBAIL) COMPAGNIE DES ALPES SA ILIAD SA

BENETEAU SA ELIOR SA INGENICO SA

BIOMERIEUX ERAMET SA IPSOS SA

BOIRON SA ESSO (FRANCE) SA JC DECAUX SA

BOLLORE INVEST (ALBATROS) EULER HERMES SA KAUFMAN & BROAD SA

BONDUELLE SA EURO DISNEY SCA KLEPIERRE SA

BONGRAIN SA EUROTUNNEL PLC LDC

BOURBON SA FAURECIA LISI SA

BOURSORAMA (FIMATEX) SA FIMALAC SA LOCINDUS SA

BULL SA FININFO SA MANITOU BF SA

CAMAIEU SA FONCIA GROUPE MANUTAN SA

CANAL PLUS SA GEMPLUS INTERNATIONAL SA MAUREL & PROM SCA

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CAC MID 100 INDEX COMPANIES (as of August 2005)

COMPANY NAME (part 2)

MEDIDEP SA SILIC SA

NEXANS SOCIETE BIC SA

NORBERT DENTRESSANGLE SA SOCIETE DES BAINS DE MER MONACO

NRJ GROUP SOPRA GRP (CONSEIL ASST INFORM)

OBERTHUR CARD SYSTEMS SPIR COMMUNICATION SA

ORPEA SR TELEPERFORMANCE SA

PIERRE ET VACANCES SA SUCRIERE DE PITHIVIERS LE VIEIL

PLASTIC OMNIUM TOUPARGEL AGRIGEL SA

PROVIMI TRADER CLASSIFIED MEDIA NV

RALLYE SA TRIGANO SA

REMY COINTREAU SA UBISOFT ENTERTAINMENT SA

RHODIA SA UNILOG SA

RODRIGUEZ GROUP UNION FINANCIERE FRANCE UFF SA

RUBIS & CIE VALLOUREC (USINE A TUBES)

SCOR SA VIEL & CIE

SEB SA VILMORIN CLAUSE & CIE SA

SECHE ENVIRONNEMENT SA ZODIAC SA

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INDEX KEY FIGURES

CAC MID 100 REFERENCE

Total market value of the Index’ companies43 106 M€

Median market value 767 M€

Total market value float of the Index’ companies18 417 M€

Median market float 418 M€

Total amount invested by the funds In the Index’ companies

3 523 M€

This amount represents 19% of the total market value float Of the Index’ companies

The Top 7 of the most invested companies (20% of the Index’ companies ) represents 45% (by amounts invested) of the global amount invested by the institutional investors

100 612 M€ 734 M€

49 219 M€ 360,5 M€

16 717 M€

34%

Le Top 20 58%

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INDEX KEY FIGURES


3% of the Index’ companies (1 company) have an institutional shareholding representing 50% of their market value float.

51% of the Index’ companies have an institutional sharehloding out of their domestic market representing less than 10% of their market value float.

14%

3%24% of the Index’ companies have an institutional sharehloding representing less than 10% of their market value float.

57% of the Index’ companies have an institutional sharehloding out of their domestic market more important (by amounts invested) than their domestic institutional shareholding

37%

49%

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FOCUS ON DOMESTIC AND OUT OF DOMESTIC MARKET FUNDS


Amount invested by Belgian funds 1 541 M€

43,7% of the institutional investments made in the companies of the BelMid Index are domestic market funds.The median of domestic amount is 45,6 M€

8 252 M€

49,4%

51,9 M€

Amount invested by worldwide funds (except Belgium)1 982 M€

56,3% of the institutional investments made in the companies of the BelMid Index are « out of domestic market funds ».The median of external market amount is38,6 M€

We can notice that 13% of funds invested in the issues of the BelMid Index (157 funds) represent 80% of the global institutional investment in these issues.

8 464 M€

50,6%

53,6 M€

French funds

Except France

20% (600

funds) represent

80%

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GEOGRAPHICAL DISPATCHING OF THE FUNDS INVESTED IN THE BELMID INDEX COMPANIES

By geographical global region


53,14%

33,92%

31,52%

49,25%

15,34%

16,83%

0% 10% 20% 30% 40% 50% 60%

Euronext Zone

Europe (out ofEuronext zone

countries)

Other countries

Dispatching of institutional investments by geographical zone

Representativeness by inves ted am ounts Representativeness by num ber of funds inves ted

Representativeness by amounts invested

Representativeness by number of funds

invested

Europe(*) 27,52% 52,66%

Euronext Zone 52,38% 29,74%

Other countries 20,10% 17,61%

(*) Out of Euronext zone countries

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By country: Euronext zone



Representativeness by number of funds

invested

Portugal 0,03% 16,94%

The Netherlands 2,48% 5,30%

Belgium 3,42% 16,94%

France 94,07% 76,96%

82,27%57,25%

15,20%34,89%

2,49%

7,62%

0,03%

0,25%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

Belgium

France

The Netherlands

Portugal

Dispatching of institutional investments by country

Representativeness by amounts invested Representativeness by number of funds invested

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By country: Europe zone (excluding Euronext zone countries)


Representativeness by

amounts invested

Representativeness by number of

funds invested

Liechtenstein - 0,07%

Poland - 0,07%

Greece 0,06% 0,52%

Austria 0,43% 0,78%

Ireland 0,86% 1,17%

Finland 1,14% 1,43%

Denmark 1,70% 2,34%

Spain 2,21% 18,93%

Sweden 2,46% 1,63%

Italy 3,39% 4,68%

Luxembourg 3,61% 5,53%

Norway 3,63% 0,39%

Switzerland 5,47% 6,83%

Germany 16,14% 28,11%

United Kingdom 58,89% 27,52%

57,12%30,80%14,10%

26,57%10,44%

12,52%

8,21%1,18%

3,02%5,92%

1,84%3,05%

1,63%9,64%

1,44%4,23%

0,80%1,02%

0,64%2,03%

0,46%0,85%

0,25%1,86%0,06%0,34%

0% 10% 20% 30% 40% 50% 60%

UK

Germany

Luxembourg

Norw ay

Sw itzerland

Sw eden

Spain

Italy

Finland

Denmark

Austria

Ireland

Slovenia


Representativeness by amounts invested Representativeness by number of funds invested

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By country: other countries (excluding Euronext zone and Europe zone countries)



Representativeness by number of

funds invested

Hong Kong 0,02% 0,78%

Cayman Island 0,06% 0,58%

Bahamas 0,08% 0,39%

Singapore 0,12% 0,97%

South Africa 0,18% 1,36%

Australia 0,30% 0,78%

Japan 0,39% 5,06%

Bermuda 2,13% 0,19%

Canada 6,41% 11,87%

United States 90,31% 78,02%

91,63%82,18%

5,31%8,42%

2,00%5,94%

0,53%

0,50%

0,40%

0,99%

0,12%

1,49%

0,02%0,50%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

USA

Canada

Japan

Caym and Is land

Singapore

Baham as

South Africa


Representativeness by am ounts inves ted Representativeness by num ber of funds inves ted

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STYLE OF THE FUNDS INVESTED IN THE BELMID INDEX COMPANIES

Focus on « Holding style » : global dispatching

CAC MID 100 REFERENCERepresentativeness of Holding Style (by amounts invested)

1%

26%

20%

4%14%

35% Agressive Growth

GARP

Growth

Index

Value

Yield


GROWTH 39,29%

GARP 29,66%

YIELD 23,18%

VALUE 3,78%

Aggressive Growth 2,49%

INDEX 1,59%

Deep Value 0,01%

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Focus on « Holding style » : Dispatching of the funds from the USA


Representativeness by amounts

invested

GROWTH 45,78%

GARP 38,43%

YIELD 1,41%

VALUE 7,03%


INDEX 6,93%

Funds Holding Style : USA

1%

33%

26%

21%

17%

2%

Aggressive Growth

GARP

Growth

Index

Value

Yield

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Focus on « Holding style » : Dispatching of the funds from UK



GROWTH 37,75%

GARP 37,31%

YIELD 16,55%

VALUE 4,47%


INDEX 0,35%

Funds Holding Style: UK

4%

23%

41%

0%

14%

18%

Aggressive Growth

GARP

Growth

Index

Value

Yield

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Focus on « Holding style » : Dispatching of the funds from Germany



GROWTH 49,89%

GARP 32,35%

YIELD 12,06%

VALUE 5,37%

Aggressive Growth -

INDEX 0,33%

Funds Holding Style: Germany

0%

33%

43%

0%

1%

23%

Aggressive Growth

GARP

Growth

Index

Value

Yield

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Focus on « Holding style » : Dispatching of the funds from Luxembourg



GROWTH 15,78%

GARP 77,68%

YIELD 4,66%

VALUE 1,19%

Aggressive Growth -

INDEX 0,69%

Funds Holding Style: Luxembourg

0%

57%

15%

1%

5%

22%

Aggressive Growth

GARP

Growth

Index

Value

Yield

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Focus on « Holding style » : Dispatching of the funds from France


Belgian funds


GROWTH 19,67%

GARP 50,64%

YIELD 25,67%

VALUE 1,04%


INDEX 0,38%

Funds Holding Style:France

1%16%

32%

5%

18%

28%

Aggressive Growth

GARP

Growth

Index

Value

Yield

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Focus on « Holding style » : Dispatching of the funds from Belgium


French funds


GROWTH 37,73%

GARP 20,81%

YIELD 36,31%

VALUE 1,10%


INDEX 0,47%

Deep Value 0,01%

Funds Holding Style: Belgium

0%

25%

5%

0%

11%

59%

Aggressive Growth

GARP

Growth

Index

Value

Yield

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Focus on « Holding style »


Domestic funds

Out of domestic

market funds

Aggressive Growth 7 14

Deep Value 1 1

GARP 291 822

GROWTH 204 605

INDEX 19 91

VALUE 25 207

YIELD 121 510

Domestic funds

Out of domestic market funds

Aggressive Growth 1 11

Deep Value - -GARP 85 315

Growth 32 247

Index 7 77

Value 30 113

Yield 78 204

BELMID

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Focus on « cap group style »

CAC MID 100 REFERENCERepresentativeness of Cap Group Style (by amounts invested)

59%

8%

12%

21%

Large cap

Mid cap

Multi cap

Small cap

Representativeness by amounts

invested

Large Cap 46,46%

Multi Cap 17,52%

Mid Cap 13,00%

Small Cap 23,02%

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Focus on « cap group style »

BEL MID

Domestic

Out of domestic

market funds

Large Cap 455 1611

Multi Cap 87 203

Mid Cap 38 166

Small Cap 88 271

Domestic fundsOut of domestic

market funds

Large Cap 194 621

Mid Cap 7 69

Multi Cap 13 93

Small Cap 19 182


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THE TOPS OF FUNDS INVESTED IN THE BELMID INDEX COMPANIES

Top 25: all funds (no specific criteria)

Holder Name € Mkt Val Of Peers Country Fund Advisor

Pricos 186 483 298 Belgium KBC Asset Management (Belgium)

Fortis B Pension Fund 177 011 913 Belgium Fortis Investment Management SA (Belgium)

Star Fund 139 422 400 Belgium ING Investment Management (Belgium)

Schroder International Selection Fund - EURO Equity 95 982 898 United Kingdom Schroder Investment Management (UK) Ltd.

Fortis B Fund Equity Belgium 87 182 347 Belgium Fortis Investment Management SA (Belgium)

Skagen Global 57 198 579 Norway Stavanger Fondsforvaltning AS

Fidelity Low Priced Stock Fund 56 650 806 United States Fidelity Management & Research Co.

ING (B) Invest Belgium 54 680 467 Belgium ING Investment Management (Belgium)

First Eagle Overseas Fund 49 219 511 United States Arnhold & S. Bleichroeder Advisers, Inc.

Artisan International Fund 46 974 955 United States Artisan Partners LP

PAM Equities Belgium 43 887 690 Belgium Petercam (Belgium) SA

British Empire Securities & General Trust plc 42 324 889 United Kingdom Asset Value Investors Ltd.

Metropolitan - Rentastro 41 810 568 Belgium Fortis Investment Management SA (Belgium)

First Eagle Global Fund 41 768 069 United States Arnhold & S. Bleichroeder Advisers, Inc.

ING (B) Invest Belgian High Dividend 41 483 358 Belgium ING Investment Management (Belgium)

Osiris Equities Belgian High Yield 40 859 167 Belgium Banque Degroof SA

Merrill Lynch IIF - European Opportunities Fund 38 429 234 United Kingdom Merrill Lynch Investment Managers Ltd. (UK)

Dexia Equities B - Belg-Index 37 849 460 Belgium Dexia Asset Management (Belgium) SA

Fidelity Funds SICAV - European Growth Fund 36 963 314 United Kingdom Fidelity Investments International (UK) Ltd.

Lux-Avantage 34 284 371 Luxembourg Banque & Caisse d'Epargne de l'Etat Luxembourg

DFA International Small Cap Value Portfolio 31 772 577 United States Dimensional Fund Advisors, Inc.

Osiris Real Estate 31 144 099 Belgium Banque Degroof SA

Dexia Equities B - Belgium 30 768 668 Belgium Dexia Asset Management (Belgium) SA

Schroder International Selection Fund - EURO Active Value 30 259 766 United Kingdom Schroder Investment Management (UK) Ltd.

KBC Equity Fund Belgium 28 775 339 Belgium KBC Asset Management (Belgium)

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Top 25: Belgium

Holder Name€ Mkt Val Of

Peers Fund Advisor

Pricos 186 483 298 KBC Asset Management (Belgium)

Fortis B Pension Fund 177 011 913 Fortis Investment Management SA (Belgium)

Star Fund 139 422 400 ING Investment Management (Belgium)

Fortis B Fund Equity Belgium 87 182 347 Fortis Investment Management SA (Belgium)

ING (B) Invest Belgium 54 680 467 ING Investment Management (Belgium)

PAM Equities Belgium 43 887 690 Petercam (Belgium) SA

Metropolitan - Rentastro 41 810 568 Fortis Investment Management SA (Belgium)

ING (B) Invest Belgian High Dividend 41 483 358 ING Investment Management (Belgium)

Osiris Equities Belgian High Yield 40 859 167 Banque Degroof SA

Dexia Equities B - Belg-Index 37 849 460 Dexia Asset Management (Belgium) SA

Osiris Real Estate 31 144 099 Banque Degroof SA

Dexia Equities B - Belgium 30 768 668 Dexia Asset Management (Belgium) SA

KBC Equity Fund Belgium 28 775 339 KBC Asset Management (Belgium)

Top Global Pension Fund 24 631 673 Bank Corluy & Co.

PAM (L) Equities Opportunity 24 546 883 Petercam (Belgium) SA

Atlas Real Estate Emu 22 993 176 Banque Degroof SA

Dexia Pension Fund Dynamic 22 134 226 Dexia Asset Management (Belgium) SA

Bevek 21 - VLAM 21 21 404 128 Bank Corluy & Co.

Belfund 20 611 181 Dexia Asset Management (Belgium) SA

KBC Equity Fund Flanders 19 886 138 KBC Asset Management (Belgium)

Argenta Fonds d'Epargne Pension 18 595 575 Argenta Banque d'Epargne SA

Universal Invest Global Flexible 17 776 408 Capital & Finance Asset Management SA

Top Global Belgische Aandelen 16 923 190 Bank Corluy & Co.

Dexia Invest Belgium 14 137 975 Dexia Asset Management (Belgium) SA

Dexia Luxpart 13 989 946 Dexia Asset Management (Belgium) SA

Domestic market

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Top 25: By country / USA

Holder Name€ Mkt Val Of Peers Fund Advisor

Fidelity Low Priced Stock Fund 56 650 806 Fidelity Management & Research Co.

First Eagle Overseas Fund 49 219 511 Arnhold & S. Bleichroeder Advisers, Inc.

Artisan International Fund 46 974 955 Artisan Partners LP

First Eagle Global Fund 41 768 069 Arnhold & S. Bleichroeder Advisers, Inc.

DFA International Small Cap Value Portfolio 31 772 577 Dimensional Fund Advisors, Inc.

iShares MSCI EAFE Index Fund 23 169 808 Barclays Global Investors, N.A.

Julius Baer International Equity Fund 21 696 233 Julius Baer Investment Management, Inc.

MFS International New Discovery Fund 18 002 685 MFS Investment Management

DFA Continental Small Company Portfolio 17 849 691 Dimensional Fund Advisors, Inc.

CREF Stock Account 14 546 340 TIAA-CREF Investment Management LLC

Columbia Acorn Fund 11 166 231 Columbia Wanger Asset Management LP

Vanguard European Stock Index Fund 9 862 028 Vanguard Group, Inc.

AIM European Small Company Fund 9 711 962 AIM Management Group, Inc.

Columbia Acorn International Fund 8 705 875 Columbia Wanger Asset Management LP

DFA International Value Portfolio 7 085 074 Dimensional Fund Advisors, Inc.

Third Avenue International Value Fund 5 970 217 Third Avenue Management LLC

American Century International Discovery Fund 5 368 901 American Century Investment Management, Inc.

Fidelity Advisor Value Strategies Fund 5 008 336 Fidelity Management & Research Co.

Socgen International SICAV 4 818 405 Arnhold & S. Bleichroeder Advisers, Inc.

Laudus Rosenberg International Small Cap Fund 4 393 998 AXA Rosenberg Investment Management LLC

GMO Foreign Small Companies Fund 4 111 835 Grantham, Mayo, Van Otterloo LLC

Manufacturers Invt Trust-International Small Cap Trust 4 070 269 Templeton Investment Counsel

Templeton Foreign Smaller Companies Fund 3 867 474 Templeton Investment Counsel

Federated International Small Company Fund 3 741 388 Federated Investors, Inc. (Asset Management)

GMO International Small Companies Fund 3 516 363 Grantham, Mayo, Van Otterloo LLC

Outside Domestic market

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Top 25: By country / UK


Peers Fund Advisor

Schroder International Selection Fund - EURO Equity 95 982 898 Schroder Investment Management (UK) Ltd.

British Empire Securities & General Trust plc 42 324 889 Asset Value Investors Ltd.

Merrill Lynch IIF - European Opportunities Fund 38 429 234 Merrill Lynch Investment Managers Ltd. (UK)

Fidelity Funds SICAV - European Growth Fund 36 963 314 Fidelity Investments International (UK) Ltd.

Schroder International Selection Fund - EURO Active Value 30 259 766 Schroder Investment Management (UK) Ltd.

Schroder International Selection Fund - European Equity Alpha 27 245 995 Schroder Investment Management (UK) Ltd.

Morgan Stanley Instl Fund-International Small Cap Portfolio 21 446 497 Morgan Stanley Investment Management (UK)

Fidelity Investment Funds - European Fund 20 586 119 Fidelity Investments International (UK) Ltd.

Vanguard International Explorer Fund 19 402 759 Schroder Investment Management (UK) Ltd.

Fidelity Funds SICAV - European Smaller Companies Fund 16 592 798 Fidelity Investments International (UK) Ltd.

JPMorgan Fleming Funds-Europe Small Cap Fund 15 999 106 JPMorgan Asset Management (UK) Ltd.

GAM Euroselect Hedge 13 580 105 GAM London Ltd.

INVESCO Perpetual Sm. Cos & Mkts Invt. Ser-European Sm. Cos 10 253 837 INVESCO Asset Management Ltd.

TR Property Investment Trust plc 9 193 312 Thames River Capital (UK) Ltd.

Schroder International Selection Fund - European Smaller Compa 9 125 064 Schroder Investment Management (UK) Ltd.

Threadneedle Investment Funds-European Smaller Cos Growth Fd 8 607 392 Threadneedle Asset Management Ltd.

Fidelity International Small Cap Fund 8 350 778 Fidelity Investments International (UK) Ltd.

INVESCO GT SICAV-Pan European Enterprise Fund 7 757 494 INVESCO Asset Management Ltd.

Fidelity Investment Funds - European Opportunities Fund 7 478 858 Fidelity Investments International (UK) Ltd.

TR European Growth Trust plc 7 389 443 Henderson Global Investors Ltd. (UK)

Herald Investment Trust plc 7 251 878 Herald Investment Management Ltd.

Fortis L Fund Equity Small Caps Europe 6 692 959 Fortis Investment Management (UK)

Morgan Stanley SICAV - European Property Fund 6 591 134 Morgan Stanley Investment Management (UK)

M&G Investment Funds (1) OEIC - European Smaller Companies Fun 6 586 558 M&G Investment Management Ltd.

GAM European Hedge 6 579 082 GAM London Ltd.


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Top 25: By country / Germany


Peers Fund Advisor

Lupus alpha Smaller Euro Champions 13 132 636 Lupus Alpha Asset Management GmbH

Allianz LAD Fonds 8 596 264 Dresdnerbank Investment Management Kapitalanlage GmbH

BAYVK A3-FONDS 7 690 369 Universal-Investment-GmbH

BUMA-UNIVERSAL-FONDS II 6 683 648 Universal-Investment-GmbH

VKEW-FONDS 6 312 644 ACTIVEST Investmentgesellschaft mbH

EuroAction: MidCap 6 289 697 Union Investment Privatfonds GmbH

UniDividendenAss 6 036 318 Union Investment Privatfonds GmbH

Lingohr Systematic BB-Invest 5 373 477 Lingohr & Partner

DIT-Small Cap Europa 5 129 065 Deutscher Investment Trust (DIT)

DeAM-Fonds ROCK 4 978 708 Deutsche Asset Management Investmentgesellschaft mbH

Deka EuropaPotential TF 4 463 925 Deka Investment Management GmbH

DWS Zuerich Invest Aktien Europa Select 4 431 313 DWS Investments GmbH (Germany)

DIT-Wachstum Euroland 3 355 962 Deutscher Investment Trust (DIT)

SEB Invest Europafonds 3 129 789 SEB Invest GmbH

MAICO Fonds 3 093 575 Lupus Alpha Asset Management GmbH

BIL-UNIVERSAL-FONDS 3 060 653 Universal-Investment-GmbH

RENDITE PLUS-UNIVERSAL-FONDS 2 959 736 Universal-Investment-GmbH

BAGFONDS 2 854 473 ACTIVEST Investmentgesellschaft mbH

UniSector: BioPharma 2 838 872 Union Investment Privatfonds GmbH

AXA Euro Dividend L 2 707 249 AXA Investment Managers (Deutschland) GmbH

Lupus alpha Mid Cap Fonds 2 576 800 Lupus Alpha Asset Management GmbH

DRLV-UNIVERSAL-FONDS 2 403 917 Universal-Investment-GmbH

DWS Provesta 2 226 067 DWS Investments GmbH (Germany)

Deka EuropaPotential CF 2 072 924 Deka Investment Management GmbH

HI-KABL-Fonds 1 861 506 Helaba Invest Kapitalanlage GmbH


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Top 25: By country / France


Peers Fund Advisor

AXA France Vie 21 504 737 AXA Investment Managers Paris

AXA Europe Small Cap 19 690 850 AXA Investment Managers Paris

AXA B Fund - Belgian Equities 18 712 027 AXA Investment Managers Paris

Fortis L Fund Equity Energy Europe 12 259 814 Fortis Investment Management (France)

AXA Aedificandi 10 776 706 AXA Investment Managers Paris

BNP Paribas Smallcap Euroland 10 368 794 BNP Paribas Asset Management (France)

Centrale Midcap Euro 10 073 004 CCR Actions

AXA France IARD 10 026 716 AXA Investment Managers Paris

Balzac Real Estate Index 8 539 679 State Street Global Advisors France

AXA World Funds - European Small Cap Equities 8 292 181 AXA Investment Managers Paris

Objectif Small Caps Euro 7 791 887 Lazard Freres Gestion

Centrale Actions Euro 7 389 125 CCR Actions

Oddo Immobilier 7 351 812 Oddo Asset Management

Sogesector Immobilier Europe 7 330 612 Societe Generale Asset Management SA (SGAM)

Barclays Small Cap Euro PEA 6 303 402 Barclays Asset Management (France)

BNP Paribas Immobilier 6 233 354 BNP Paribas Asset Management (France)

Patrimoine 6 108 631 Louvre Gestion

AXA Luxembourg Fund - Small Caps Benelux 5 547 797 AXA Investment Managers Paris

AGF Invest 4 873 906 AGF Asset Management

CAAM Indicia Euroland 4 313 761 CPR Asset Management

Sogeactions Opportunites Europe 3 827 512 Societe Generale Asset Management SA (SGAM)

Ecureuil Vie 3 396 637 IXIS Asset Management (France)

BMM Pierre Capitalisation 3 239 725 Martin Maurel Gestion

CPR Middle Cap-Europe 3 132 460 CPR Asset Management

Centrale Avenir Euro 3 128 858 CCR Actions

OutsideDomestic market

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THE TOPS OF FUNDS INVESTED IN THE BELMID INDEX COMPANIES Top 25: By country / Luxembourg

Holder Name € Mkt Val Of Peers Fund Advisor

Lux-Avantage 34 284 371 Banque & Caisse d'Epargne de l'Etat Luxembourg

Generalpart 16 738 423 Fortis Investment Management SA (Luxembourg)

Petercam Moneta - Country and Sector Discounted Assets 13 569 994 Petercam (Luxembourg) SA

Portfolio B.P. - Belgian Equities 6 125 679 Banque Privee Edmond de Rothschild Luxembourg

Athena II SICAV - Athena Diversified Management 4 368 600 Banque Delen Luxembourg

Luxiprivilege SICAV 4 014 506 Societe Europeenne De Banque Luxembourg

Hector SICAV - Hector Western Economies Fund 3 282 962 Banque Degroof Luxembourg SA (Investment Management)

Banque de Luxembourg Funds - Equities Europe 2 936 393 Banque de Luxembourg

Petercam Moneta - Aggressive Portfolio 2 662 224 Petercam (Luxembourg) SA

LCF Edmond de Rothschild Prifund - European Small Companies 2 389 872 Banque Privee Edmond de Rothschild Luxembourg

Petercam Moneta - Diversified Portfolio 4 2 381 362 Petercam (Luxembourg) SA

Petercam Moneta - Mature Market Privilege 2 098 614 Petercam (Luxembourg) SA

Digital Funds SICAV - Small Cap Europe 1 856 880 Digital Analytics Advisors SA


SanPaolo International Fund - Obiettivo Europa 1 409 946 SanPaolo IMI Asset Management Luxembourg SA

Helios SICAV - Cassiopee 1 268 718 Banque Degroof Luxembourg SA (Investment Management)

Cleome Index - Europe 1 231 082 Dexia Asset Management (Luxembourg)


Petercam Moneta - Diversified Shares Invest 1 039 329 Petercam (Luxembourg) SA

Helios SICAV - Albion 804 347 Banque Degroof Luxembourg SA (Investment Management)

RS Fund - Balanced 780 814 Banque de Luxembourg

Dexia Quant Equities Europe 761 395 Dexia Asset Management (Luxembourg)

LCF Edmond de Rothschild Prifund - European Companies 698 381 Banque Privee Edmond de Rothschild Luxembourg

Petercam Moneta - Diversified Portfolio 651 834 Petercam (Luxembourg) SA

Interportfolio - Patrimonial I 579 441 BNP Paribas Securities Services (Luxembourg)

OutsideDomestic market

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THE TOPS OF THE COMPANIES

The ones which are the most invested

The Top specification : the addition of amounts invested in the companies represents 80% of the total amount invested by institutional funds. In that case, we have identified the Top18

Company name€ Total institutional

investments

ALMANCORA COM.VA ORD (ALMC) 296 137 343

BARCO NV ORD (BAR) 245 949 140

OMEGA PHARMA ORD (OME) 244 157 425

RTL GROUP SA ORD (RTL) 230 151 992

BEKAERT SA ORD (BEKB) 195 988 426

CIE NATIONALE PORTEFEUILLE ORD (NAT) 189 904 328

COFINIMMO SA ORD (COFB) 176 996 983

DECEUNINCK (PLASTICS IND) SA ORD (DECB) 156 801 081

CIE MARITIME BELGE SA (CMB) ORD (CMB) 147 069 317

EURONAV NV ORD (EURN) 141 283 590

MELEXIS NV ORD (MELE) 126 722 832

TESSENDERLO CHEMIE NV ORD (TESB) 117 044 040

ACKERMANS & VAN HAAREN SA ORD (ACKB) 108 667 806

OPTION NV ORD (OPTI) 107 733 805

SOFINA SA ORD (SOF) 96 647 371

EXMAR SA ORD (EXM) 93 020 331

SOLVUS (CREYFS) NV ORD (SOLU) 90 393 359

GIMV SA ORD (GIMB) 86 045 031

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The ones which are the most invested in funds outside their domestic market

Company Name

€ Total amount invested by funds "out of domestic

market"








MELEXIS NV ORD (MELE) 103 463 916




OPTION NV ORD (OPTI) 67 222 856


EVS BROADCASTING EQUIPMENT SA ORD (EVS) 49 240 556


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Distributor



Company Name€ Total amount invested by funds

"domestic market"




ACKERMANS & VAN HAAREN SA ORD (ACKB) 81 433 609




SOFINA SA ORD (SOF) 71 729 744


GIMV SA ORD (GIMB) 64 295 566


D'IETEREN SA ORD (DIE) 59 197 000

TELINDUS GROUP (TELINFO) ORD (TEL) 58 134 082

SOLVUS (CREYFS) NV ORD (SOLU) 52 248 085


FINANCIERE DE TUBIZE (OBOURG) ORD (TUB) 47 387 431




The ones which are the most invested in funds inside their domestic market

Distributor 1 INSTITUTIONAL SHAREHOLDING OF THE BELMID INDEX SURVEY.

Documents

belmid index companies

belmid index survey

cac mid100 index

mid cac

index key figures cac

belgian companies

listed companies

pauw sca slide