Lyxor ETF Commodities CRB (Reuters / Jefferies CRB Index)

Commodities July 2009

Exchange Traded Fund Lyxor ETF Commodities CRB (Reuters / Jefferies CRB Index)
Lyxor ETF Commodities CRB (Reuters/Jefferies CRB Index) offers investors a unique opportunity to gain exposure to 19^ commodities through an index compiled by Jefferies and Thomson Reuters. ^ As of July 09, please see prospectus for further details.

ETF Data
Index Legal form First listing (Singapore) Currency Management fees Transaction fees Minimum Investment Dividends NAV Asset Under Management Reuters/Jefferies CRB French Mutual Fund (FCP) UCITs I & III Compliant 18-Jan-07 USD 0.35% p.a. 0.30% p.a. 10 units None 2.49 USD 92.37 Million USD
Source: Lyxor AM As of July 31 2009

Investment Objective
Lyxor ETF Commodities CRB (Reuters/Jefferies CRB Index) aims to achieve investment results that closely correspond to the performance of the Reuters/Jefferies CRB Index (the "Index") (Bloomberg Ticker: CRYTR) insofar as possible minimizing the tracking error between the Funds performance and that of the capitalised Index.

Codes SGX Trading Name SGX Trading Code Lyxor Cmdty 10US$ A0W FR0010414813 LCRB.SI CRB SP

Lyxor International Asset Management

June 30 2009

ISIN Reuters Bloomberg

Lyxor International Asset Management ("Lyxor AM") is a wholly owned subsidiary of Lyxor Asset Management, which is in turn a subsidiary of Socit Gnrale Group, both are management companies belonging to the Corporate and Investment Banking of Societe Generale group, manage together EUR 87.8 billion and are specialized on 3 businesses: Structured Alternative Investment, Structured Funds and Index Tracking.

Index Evolution
500
Reuters/Jefferies Commodities CRB
Source: Bloomberg, as of July 31 2009

Index Data
Exposure Number of components^ Currency Bloomberg Reuters Commodities 19 USD CRYTR .CRBTR

Yearly Performances 2009 YTD 12.29% 2008 2007 2006 -35.04% 22.15% -2.85%

400

300
Rolling Performances 1 year -44.00% 3 years -18.97% 5 years 13.94% The REUTERS/JEFFERIES CRB INDEX is a Commodity index, a basket of exchangetraded futures contracts representing long-only positions in underlying commodities. Indices typically include a variety of commodity sectors to provide investors broader exposure to commodities as an asset class and free the investor from the mechanics of futures trading (e.g. contract rolling and physical delivery). The complete construction methodology for the index is available on www.jefferies.com
^ As of July 31 2009, please see prospectus for further details.

200 Aug-04

Aug-05

Aug-06

Aug-07

Aug-08

Aug-09

This table shows the past performance of the underlying index and not the Lyxor ETF. The Lyxor ETF tracks the performance of the above index subject to management fees and tracking error (see overleaf). Past performance is not a reliable indicator of future performance.

Allocation
Commodities sectors Soft Commodities Energy Basic Metals Precious Metals 41.00% 39.00% 13.00% 7.00% Exchanges NYMEX NYBOT CBOT COMEX LME CME

Source: jefferies.com as of July 31 2009

Index Constituents

Source: jefferies.com as of July 31 2009

39.00% 21.00% 13.00% 13.00% 7.00% 7.00%

WTI Crude Oil Aluminium Copper Natural Gas Gold Corn Soybeans Live Cattle Heating Oil Unleaded Gas Sugar Cotton Cocoa Coffee Nickel Silver Wheat Lean Hogs Orange Juice

(NYMEX) (LME) (COMEX) (NYMEX) (COMEX) (CBOT) (CBOT) (CME) (NYMEX) (NYMEX) (NYBOT) (NYBOT) (NYBOT) (NYBOT) (LME) (COMEX) (CBOT) (CME) (NYBOT)

23.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 1.00% 1.00% 1.00% 1.00% 1.00%

Monthly Report Internet: www.lyxoretf.com.sg Tel: +65 6423 2638 Email: info@lyxoretf.com.sg

Lyxor ETF Commodities CRB (Reuters / Jefferies CRB Index)

Commodities July 2009

Full description of each Lyxor ETF is set out in the respective Prospectus issued by Lyxor International Asset Management (Lyxor AM), the responsible person for the Lyxor ETF in Singapore. Prospectuses are available from the Singapore representative, RBC Dexia Trust Services Singapore Limited (Registration Number 199504677Z). This monthly report is for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. Potential investors should read the Prospectus and consider carefully, and may seek advice from a financial adviser, whether the Lyxor ETF is suitable for him, before investing. Each Lyxor ETF seeks to track the performance of a particular benchmark index, by purchasing a basket of international stocks which may not contain any constituents of the index; and subject to a 10% limit of the Lyxor ETFs assets, may enter into certain swap agreements to exchange the Lyxor ETFs exposure to the basket of stocks (or other financial instruments which are assets of the Lyxor ETF) with that of the benchmark index. Please refer to the relevant Prospectus for details on the investment objective, focus and approach of, and the risks of investing in, the relevant Lyxor ETF, including amongst others, the counterparty risk and risk of the swap agreements. The counterparty of the Lyxor ETF under the swap agreement is currently Socit Gnrale ("SG"). Information about SG's creditworthiness can be found on SG's website. The link to SG's website can be found on www.lyxoretf.com.sg. The information herein is provided by Socit Gnrale, the Singapore marketing representative of the Lyxor ETF. Reference to Lyxor AM is a reference to the company solely in its capacity as manager of the Lyxor ETF. Lyxor AM carries on fund management work outside Singapore and neither carries on business nor offers any services in Singapore. Investors should note that information and performance of the respective indices should not be used or construed as the information or a proxy, prediction, forecast or projection of the performance or future performance of the Lyxor ETF. The value of Units and income accruing to the Units, if any, may rise or fall. Units may be redeemed with Lyxor AM under certain specified conditions and the listing of Units does not guarantee a liquid market for the Units. Past performance of the manager or Lyxor ETF is not necessarily indicative of its future performance.

The complete prospectus of the Lyxor ETF is downloadable on www.lyxoretf.com.sg.

The Product(s) is not sponsored, endorsed, sold or promoted by Thomson Reuters America LLC (Thomson Reuters), Jefferies Financial Products, LLC (Jefferies) or any of their subsidiaries or affiliates (collectively the "Licensors"). Licensors make no representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities or commodities generally or in the Product(s) particularly or the ability of the Reuters/Jefferies CRB Index to track general commodity market performance. Licensors only relationship to Socit Gnrale and Lyxor International Asset Management (Licensee) is the licensing of the Reuters/Jefferies CRB Index, which is determined, composed and calculated by Licensors without regard to the Licensee or the Product(s). Licensors have no obligation to take the needs of the Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the Reuters/Jefferies CRB Index. Licensors are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. Licensors have no obligation or liability in connection with the administration, marketing or trading of the Product(s). Licensors and their affiliates and their respective directors, officers, employees and agents may buy or sell securities or commodities mentioned or contemplated herein as agent or as principal for their own accounts and may have positions or engage in transactions based on or indexed to the Reuters/Jefferies CRB Index. It is possible that Licensors' trading activity will affect the value of the Reuters/Jefferies CRB Index. Licensors may operate and market other indices that may compete with the Reuters/Jefferies CRB Index.

LICENSORS DO NOT GUARANTEE THE QUALITY, ACCURACY AND/OR THE COMPLETENESS OF THE REUTERS/JEFFERIES CRB INDEX OR ANY DATA INCLUDEDTHEREIN. LICENSORS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE REUTERS/JEFFERIES CRB INDEX OR ANY DATA INCLUDED THEREIN IN CONNECTION WITH THE RIGHTS LICENSED HEREUNDER OR FOR ANY OTHER USE. LICENSORS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE REUTERS/JEFFERIES CRB INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL LICENSORS HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES (INCLUDING, WITHOUT LIMITATION, LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

Monthly Report Internet: www.lyxoretf.com.sg Tel: +65 6423 2638 Email: info@lyxoretf.com.sg