61

PRIVATE EQUITY FUNDS

Panthéon Ventures Access Capital Partners

Antin Infrastructures

Total

Liabilities at inception EUR 550,000,000 300,000,000 50,000,000 900,000,000

Liabilities on closing date EUR 257,474,250 210,000,000 50,000,000 517,474,250

Balance for previous financial year EUR 58,065,750 70,350,000 13,563,812 141,979,562

Payments over the period (calls for funds) EUR 19,200,000 2,100,000 808,350 22,108,350

Provisional repayment EUR -53,000,000 -40,320,000 -21,138,068 -114,458,068

Balance on closing date EUR 24,265,750 32,130,000 582,050 56,977,800

Valuation on closing date EUR 149,864,797 103,336,342 42,165,320 295,366,459

NBEL5 Axa IM Private Equity

Europe

Total NBEL Axa IM Private Equity

Europe

Total

Liabilities at inception USD 679,993,200 198,000,000 877,993,200 EUR6 561,954,608 163,629,596 725,584,204

Liabilities on closing date USD 280,711,144 198,000,000 478,711,144 EUR6 231,983,086 163,629,596 395,612,682

Balance for previous financial year

USD

EUR7

8,215

8,215

Payments over the period (calls for funds)

USD

2,110,449

2,110,449

EUR7

1,916,293

1,916,293

Distribution of assets USD -64,709,422 -13,035,665 -77,745,087 EUR7 -58,292,014 -11,892,801 -70,184,815

Balance on closing date USD EUR7

Valuation on closing dateé USD 112,993,559 44,982,464 157,976,023 EUR8 107,128,286 42,647,513 149,775,799 Total initial liabilities (EUR) 1,625,584,204 Total net payments over the period (EUR) -160,618,240

TOTAL VALUED ON CLOSING DATE (EUR) ) 445,142,258

5 Neuberger Berman Europe Limited ex Lehman Brother Int. Europe. 6 On the basis of a $/ exchange rate of 0.948092 on the closing date. 7 On the basis of a $/ exchange rate on the transaction date. 8 Dividends are attributed to the value of the fund under balance sheet assets until the amounts invested are repaid.

Capital gains are recognised when the dividends paid exceed the total amount invested (see article 2.2.2 of CNC notice no. 2008-10 of 05/06/2008).