Investment Advisory

InformAttiva 3 January 2011

Selected primary equity indices 2010 ranked returns

Rank Index Name Country 31-dic-09 31-dic-10 Perf. YoY
1 MSE Top 20 Index MONGOLIA 6'189.91 14'759.80 138.45%
3 SRI LANKA COLOMBO ALL SH SRI LANKA 3'385.55 6'635.87 96.01%
2 OMX TALLINN OMXT ESTONIA 404.58 698.38 72.62%
4 PERU LIMA GENERAL INDEX PERU 14'167.20 23'374.57 64.99%
5 ARGENTINA MERVAL INDEX ARGENTINA 2'320.73 3'523.59 51.83%
6 JAKARTA COMPOSITE INDEX INDONESIA 2'534.36 3'703.51 46.13%
7 S&P/Harel Energy ISRAEL 1'345.73 1'943.93 44.45%
8 OMX RIGA OMXR LATVIA 278.94 393.53 41.08%
9 STOCK EXCH OF THAI INDEX THAILAND 734.54 1'032.76 40.60%
10 PSEi - PHILIPPINE SE IDX PHILIPPINES 3'052.68 4'201.14 37.62%
11 CHILE STOCK MKT SELECT CHILE 3'581.42 4'927.53 37.59%
12 OMX COPENHAGEN 20 INDEX DENMARK 336.69 457.58 35.91%
13 NAIROBI AS KENYA 58.16 77.76 33.70%
14 IGBC GENERAL INDEX COLOMBIA 11'602.14 15'496.77 33.57%
15 Ghana All Share GHANA 5'572.34 7'338.43 31.69%
16 OMX HELSINKI 25 INDEX FINLAND 2'032.58 2'628.48 29.32%
17 KARACHI 100 INDEX PAKISTAN 9'386.92 12'022.46 28.08%
18 QE Index QATAR 6'959.17 8'681.65 24.75%
19 RUSSIAN RTS INDEX $ RUSSIAN FEDERATION 1'444.61 1'772.53 22.70%
20 KOSPI INDEX KOREA, REPUBLIC OF 1'682.77 2'051.00 21.88%
21 OMX STOCKHOLM 30 INDEX SWEDEN 951.72 1'155.57 21.42%
22 MASI Free Float Index MOROCCO 10'443.81 12'655.20 21.17%
23 MEXICO IPC INDEX MEXICO 32'120.47 38'550.79 20.02%
24 FTSE Bursa Malaysia KLCI MALAYSIA 1'272.78 1'518.91 19.34%
25 Tunis SE TUNINDEX TUNISIA 4'291.72 5'112.52 19.13%
26 NIGERIA STCK EXC ALL SHR NIGERIA 20'827.17 24'770.52 18.93%
27 VENEZUELA STOCK MKT INDX VENEZUELA 55'075.68 65'337.55 18.63%
28 MAURITIUS STOCK EXCHANGE MAURITIUS 1'660.87 1'967.45 18.46%
29 OBX STOCK INDEX NORWAY 339.32 400.40 18.00%
30 BSE SENSEX 30 INDEX INDIA 17'464.81 20'509.09 17.43%
31 AUSTRIAN TRADED ATX INDX AUSTRIA 2'495.56 2'904.47 16.39%
32 FTSE/JSE AFRICA ALL SHR SOUTH AFRICA 27'666.45 32'118.89 16.09%
33 DAX INDEX GERMANY 5'957.43 6'914.19 16.06%
34 TEL AVIV 25 INDEX ISRAEL 1'145.06 1'326.44 15.84%
35 EGX 30 Index EGYPT 6'208.77 7'142.14 15.03%
36 S&P/TSX COMPOSITE INDEX CANADA 11'746.11 13'443.22 14.45%
37 S&P 500 INDEX UNITED STATES 1'115.10 1'257.64 12.78%
38 LUXEMBOURG LuxX INDEX LUXEMBOURG 1'371.47 1'542.12 12.44%
39 NAMIBIA OVERALL INDEX NAMIBIA 771.91 867.23 12.35%
40 BUCHAREST BET INDEX ROMANIA 4'690.57 5'268.61 12.32%
41 DOW JONES INDUS. AVG UNITED STATES 10'428.05 11'577.51 11.02%
42 STRAITS TIMES INDEX SINGAPORE 2'897.62 3'190.04 10.09%
43 PRAGUE STOCK EXCH INDEX CZECH REPUBLIC 1'117.30 1'224.80 9.62%
44 TAIWAN TAIEX INDEX TAIWAN, PROVINCE OF CHINA 8'188.11 8'972.50 9.58%
45 MALTA STOCK EXCHANGE IND MALTA 3'460.55 3'781.24 9.27%
46 BLOOMBERG EUROPEAN 500 EUROPE 177.71 193.11 8.67%
47 TADAWUL ALL SHARE INDEX SAUDI ARABIA 6'121.76 6'620.75 8.15%
48 MSM30 Index OMAN 6'368.80 6'754.92 6.06%
49 AEX-Index NETHERLANDS 335.33 354.57 5.74%
50 CROATIA ZAGREB CROBEX CROATIA 2'004.06 2'110.93 5.33%
51 HANG SENG INDEX HONG KONG 21'872.50 23'035.45 5.32%
52 BEL 20 INDEX BELGIUM 2'511.62 2'578.60 2.67%
53 NZX 50 INDEX NEW ZEALAND 3'230.14 3'309.03 2.44%
54 JSE MARKET INDEX JAMAICA 83'321.96 85'220.82 2.28%
55 BRAZIL BOVESPA INDEX BRAZIL 68'588.41 69'304.81 1.04%
56 BUDAPEST STOCK EXCH INDX HUNGARY 21'227.01 21'327.07 0.47%
57 STXE 50 € Pr EUROPE 2'585.33 2'586.46 0.04%
58 KUWAIT SE PRICE INDEX KUWAIT 7'005.30 6'955.50 -0.71%
59 HANG SENG CHINA ENT INDX HONG KONG 12'794.13 12'692.43 -0.79%
60 ADX GENERAL INDEX UNITED ARAB EMIRATES 2'743.61 2'719.87 -0.87%
61 TOPIX INDEX (TOKYO) JAPAN 907.59 898.80 -0.97%
62 SWISS MARKET INDEX SWITZERLAND 6'545.91 6'436.04 -1.68%
63 BHSE ALL SHARE INDEX BAHRAIN 1'458.24 1'432.26 -1.78%
65 BELEX15 INDEX SERBIA 663.77 651.78 -1.81%
64 IndXX China Infrastruct HONG KONG 1'792.83 1'760.00 -1.83%
66 S&P/ASX 200 INDEX AUSTRALIA 4'870.60 4'745.20 -2.57%
67 Kazakhstan KASE Stock Ex KAZAKHSTAN 1'768.26 1'718.09 -2.84%
68 NIKKEI 225 JAPAN 10'546.44 10'228.92 -3.01%
69 IRISH OVERALL INDEX IRELAND 2'974.93 2'885.10 -3.02%
70 CAC 40 INDEX FRANCE 3'936.33 3'804.78 -3.34%
71 BLOM STOCK INDEX LEBANON 1'565.77 1'475.56 -5.76%
74 Euro Stoxx 50 Pr EUROPE 2'964.96 2'792.82 -5.81%
72 AMMAN SE GENERAL INDEX JORDAN 2'533.54 2'373.58 -6.31%
73 DFM GENERAL INDEX UNITED ARAB EMIRATES 1'803.58 1'630.52 -9.60%
75 PSI 20 INDEX PORTUGAL 8'463.85 7'588.31 -10.34%
76 BOTSWANA GABORONE INDEX BOTSWANA 7'241.89 6'412.94 -11.45%
80 FTSE MIB INDEX ITALY 23'248.39 20'173.29 -13.23%
77 Slovenian Blue Chip Idx SLOVENIA 982.67 850.35 -13.47%
81 SLOVAK SHARE INDEX SLOVAKIA 266.97 230.38 -13.71%
78 SHANGHAI SE COMPOSITE CHINA 3'277.14 2'808.08 -14.31%
82 SOFIX INDEX BULGARIA 427.27 362.35 -15.19%
79 IBEX 35 INDEX SPAIN 11'940.00 9'859.10 -17.43%
83 GENERAL MARKET INDEX CSE CYPRUS 1'597.23 1'055.21 -33.93%
84 Athex Composite Share Pr GREECE 2'196.16 1'413.94 -35.62%
NB: performances are calculated in local currency
“This material was prepared by BSI SA, Lugano for information purposes only. It does not constitute an offer to sell or a solicitation to buy the securities or the financial instruments herein mentioned. While based on information
provided from public financial sources believed to be reliable, no guarantee is given that it is accurate or complete. BSI SA makes no representation (either express or implied) of warranty relating to the information herein which
is derived from independent sources. The opinion, forecasts, assumption, estimates, derived valuations and target prices contained in this material are as of the date indicated and are subject to change any time without notice.
In particular, the stated prices and values mentioned herein are not a representation that any investment can be effected at those prices/values. Therefore BSI SA shall not be liable for any direct, indirect, special, incidental,
consequential damages, including lost of profits arising in any way from the information contained in this material. BSI SA or its employees may from time to time have or have had interests or positions in relevant securities or
other financial instruments referred to in this material. This material is for the use of the intended recipient only and the contents may not be reproduced, distributed in part of in whole for any purpose. This document may not be
distributed in any jurisdiction which requires a registration or license”.
 Investment Advisory

InformAttiva 3 January 2011

Commodities 2010
2010 ranked returns

Name 31-dic-09 31-dic-10 Perf. YoY

BEST
Cotton 75.60 144.81 91.55%
Silver 16.82 30.91 83.75%
Coffee 135.95 240.50 76.90%
Corn 414.50 629.00 51.75%
Lumber 205.00 302.00 47.32%
Wheat 541.50 794.25 46.68%
Soybean Oil 40.35 57.74 43.10%
Orange Juice 124.00 172.35 38.99%
Soybeans 1'039.75 1'393.75 34.05%

WORST
Platinum 1'460.00 1'773.30 21.46%
Pork Bellies 88.00 106.50 21.02%
Heating Oil 211.88 254.37 20.05%
RBOB Gasoline 205.25 245.32 19.52%
Sugar 26.95 32.12 19.18%
Soybean Meal 313.90 370.30 17.97%
Crude Oil 79.36 91.38 15.15%
Cocoa 3'289.00 3'035.00 -7.72%
Natural Gas 5.57 4.41 -20.94%

NB: performances are calculated in USD

“This material was prepared by BSI SA, Lugano for information purposes only. It does not constitute an offer to sell or a solicitation to buy the securities or the financial instruments herein mentioned. While based on information
provided from public financial sources believed to be reliable, no guarantee is given that it is accurate or complete. BSI SA makes no representation (either express or implied) of warranty relating to the information herein which
is derived from independent sources. The opinion, forecasts, assumption, estimates, derived valuations and target prices contained in this material are as of the date indicated and are subject to change any time without notice.
In particular, the stated prices and values mentioned herein are not a representation that any investment can be effected at those prices/values. Therefore BSI SA shall not be liable for any direct, indirect, special, incidental,
consequential damages, including lost of profits arising in any way from the information contained in this material. BSI SA or its employees may from time to time have or have had interests or positions in relevant securities or
other financial instruments referred to in this material. This material is for the use of the intended recipient only and the contents may not be reproduced, distributed in part of in whole for any purpose. This document may not be
distributed in any jurisdiction which requires a registration or license”.
 Investment Advisory

InformAttiva 3 January 2011

Equities 2010
2010 ranked returns for SMI, DJ Euro Stoxx 50, FTSE 100, DJ Industrials
Industrials
SWITZERLAND 31-dic-09 31-dic-10 Perf. YoY
BEST
SWATCH GROUP AG/THE-BR 261.90 416.8 59.14%
CIE FINANCIERE RICHEMON-BR A 34.73 55 58.36%
JULIUS BAER GROUP LTD 36.38 43.8 20.40%
SGS SA-REG 1'324.58 1569 18.45%
NESTLE SA-REG 50.20 54.75 9.06%
ADECCO SA-REG 57.05 61.25 7.36%
ABB LTD-REG 19.42 20.83 7.26%
ZURICH FINANCIAL SERVICES AG 226.50 242.2 6.93%
SWISSCOM AG-REG 395.60 411.1 3.92%
LONZA GROUP AG-REG 73.00 74.95 2.67%
WORST
SWISS REINSURANCE CO LTD-REG 49.91 50.3 0.78%
NOVARTIS AG-REG 56.50 54.95 -2.74%
UBS AG-REG 16.05 15.35 -4.36%
SYNGENTA AG-REG 290.70 273.5 -5.92%
SYNTHES INC 135.30 126.3 -6.65%
ACTELION LTD-REG 55.20 51.2 -7.25%
HOLCIM LTD-REG 80.50 70.65 -12.24%
ROCHE HOLDING AG-GENUSSCHEIN 175.80 137 -22.07%
CREDIT SUISSE GROUP AG-REG 51.20 37.67 -26.43%

EUROLAND 31-dic-09 31-dic-10 Perf. YoY

BEST
BAYERISCHE MOTOREN WERKE AG 31.80 58.85 85.06%
LVMH MOET HENNESSY LOUIS VUI 78.38 123.1 57.06%
SIEMENS AG-REG 64.21 92.7 44.37%
BASF SE 43.46 59.7 37.37%
SCHNEIDER ELECTRIC SA 81.78 112 36.95%
DAIMLER AG-REGISTERED SHARES 37.23 50.73 36.26%
AIR LIQUIDE SA 77.84 94.64 21.58%
ANHEUSER-BUSCH INBEV NV 36.40 42.8 17.60%
UNIBAIL-RODAMCO SE 127.16 148 16.39%
SAP AG 33.00 38.1 15.45%

WORST
E.ON AG 29.23 22.935 -21.54%
CREDIT AGRICOLE SA 12.36 9.504 -23.11%
ASSICURAZIONI GENERALI 18.82 14.21 -24.50%
AXA SA 16.54 12.45 -24.73%
RWE AG 67.96 49.89 -26.59%
ALSTOM 49.06 35.81 -27.01%
BANCO SANTANDER SA 11.40 7.928 -30.48%
UNICREDIT SPA 2.24 1.548 -30.78%
INTESA SANPAOLO 3.15 2.03 -35.56%
BANCO BILBAO VIZCAYA ARGENTA 12.23 7.56 -38.19%
“This material was prepared by BSI SA, Lugano for information purposes only. It does not constitute an offer to sell or a solicitation to buy the securities or the financial instruments herein mentioned. While based on information
provided from public financial sources believed to be reliable, no guarantee is given that it is accurate or complete. BSI SA makes no representation (either express or implied) of warranty relating to the information herein which
is derived from independent sources. The opinion, forecasts, assumption, estimates, derived valuations and target prices contained in this material are as of the date indicated and are subject to change any time without notice.
In particular, the stated prices and values mentioned herein are not a representation that any investment can be effected at those prices/values. Therefore BSI SA shall not be liable for any direct, indirect, special, incidental,
consequential damages, including lost of profits arising in any way from the information contained in this material. BSI SA or its employees may from time to time have or have had interests or positions in relevant securities or
other financial instruments referred to in this material. This material is for the use of the intended recipient only and the contents may not be reproduced, distributed in part of in whole for any purpose. This document may not be
distributed in any jurisdiction which requires a registration or license”.
 Investment Advisory

InformAttiva 3 January 2011

UNITED KINGDOM 31-dic-09 31-dic-10 Perf. YoY

BEST
WEIR GROUP PLC/THE 717.50 1780 148.08%
ARM HOLDINGS PLC 177.50 423.3 138.48%
FRESNILLO PLC 792.00 1668 110.61%
GKN PLC 117.00 222.2 89.91%
BURBERRY GROUP PLC 599.00 1124 87.65%
IMI PLC 518.50 945 82.26%
PETROFAC LTD 963.92 1587 64.64%
ANTOFAGASTA PLC 981.97 1612 64.16%
WOLSELEY PLC 1'247.00 2046 64.07%
AGGREKO PLC 930.00 1482 59.35%
WORST
NEXT PLC 2'083.00 1975 -5.18%
BARCLAYS PLC 276.00 261.65 -5.20%
GLAXOSMITHKLINE PLC 1'319.50 1240 -6.03%
CAPITA GROUP PLC 751.00 696.5 -7.26%
HSBC HOLDINGS PLC 708.80 651.1 -8.14%
BAE SYSTEMS PLC 359.50 330 -8.21%
MARKS & SPENCER GROUP PLC 402.00 369 -8.21%
NATIONAL GRID PLC 610.56 553 -9.43%
BP PLC 600.00 465.55 -22.41%
RESOLUTION LTD 344.60 234.1 -32.07%

USA 31-dic-09 31-dic-10 Perf. YoY

BEST

CATERPILLAR INC 56.99 93.66 64.34%

DU PONT (E.I.) DE NEMOURS 33.67 49.88 48.14%
MCDONALD'S CORP 62.44 76.76 22.93%
HOME DEPOT INC 28.93 35.06 21.19%
GENERAL ELECTRIC CO 15.13 18.29 20.89%
BOEING CO/THE 54.13 65.26 20.56%
CHEVRON CORP 76.99 91.25 18.52%
WALT DISNEY CO/THE 32.25 37.51 16.31%
KRAFT FOODS INC-CLASS A 27.18 31.51 15.93%
VERIZON COMMUNICATIONS INC 30.96 35.78 15.58%
WORST
JPMORGAN CHASE & CO 41.67 42.42 1.80%
WAL-MART STORES INC 53.45 53.93 0.90%
MERCK & CO. INC. 36.54 36.04 -1.37%
PFIZER INC 18.19 17.51 -3.74%
JOHNSON & JOHNSON 64.41 61.85 -3.97%
ALCOA INC 16.12 15.39 -4.53%
MICROSOFT CORP 30.49 27.92 -8.43%
BANK OF AMERICA CORP 15.06 13.34 -11.42%
CISCO SYSTEMS INC 23.94 20.23 -15.50%
HEWLETT-PACKARD CO 51.51 42.1 -18.27%
“This material was prepared by BSI SA, Lugano for information purposes only. It does not constitute an offer to sell or a solicitation to buy the securities or the financial instruments herein mentioned. While based on information
provided from public financial sources believed to be reliable, no guarantee is given that it is accurate or complete. BSI SA makes no representation (either express or implied) of warranty relating to the information herein which
is derived from independent sources. The opinion, forecasts, assumption, estimates, derived valuations and target prices contained in this material are as of the date indicated and are subject to change any time without notice.
In particular, the stated prices and values mentioned herein are not a representation that any investment can be effected at those prices/values. Therefore BSI SA shall not be liable for any direct, indirect, special, incidental,
consequential damages, including lost of profits arising in any way from the information contained in this material. BSI SA or its employees may from time to time have or have had interests or positions in relevant securities or
other financial instruments referred to in this material. This material is for the use of the intended recipient only and the contents may not be reproduced, distributed in part of in whole for any purpose. This document may not be
distributed in any jurisdiction which requires a registration or license”.
 Investment Advisory

InformAttiva 3 January 2011

Currencies: 2010
2010 performances of CHF, EUR and USD
CHF
Name Country 31-dic-09 31-dic-10 Perf. YoY

CHFDKK DENMARK 5.0144 5.9585 18.83%

CHFEUR EUROLAND 0.6740 0.7993 18.59%
CHFVND VIET NAM 17848.0000 20863 16.89%
CHFGBP UNITED KINGDOM 0.5974 0.6854 14.73%
CHFNOK NORWAY 5.5979 6.2232 11.17%
CHFUSD UNITED STATES 0.9662 1.07 10.74%
CHFKRW KOREA, REPUBLIC OF 1120.6101 1201.0074 7.17%
CHFBRL BRAZIL 1.6856 1.7755 5.33%
CHFCAD CANADA 1.0174 1.0684 5.01%
CHFMXN MEXICO 12.6475 13.2068 4.42%
CHFSEK SWEDEN 6.9125 7.1781 3.84%
CHFNZD NEW ZEALAND 1.3363 1.3716 2.64%
CHFSGD SINGAPORE 1.3565 1.3738 1.28%
CHFTWD TAIWAN, PROVINCE OF CHINA 30.9091 31.1846 0.89%
CHFZAR SOUTH AFRICA 7.1467 7.0909 -0.78%
CHFAUD AUSTRALIA 1.0773 1.0456 -2.94%
CHFJPY JAPAN 89.8600 86.82 -3.38%

EUR
Name Country 31-dic-09 31-dic-10 Perf. YoY

EURDKK DENMARK 7.4415 7.4542 0.17%

EURVND VIET NAM 26473.0000 26108.0000 -1.38%
EURGBP UNITED KINGDOM 0.8865 0.8573 -3.30%
EURNOK NORWAY 8.2991 7.7937 -6.09%
EURUSD UNITED STATES 1.4326 1.3387 -6.55%
EURKRW KOREA, REPUBLIC OF 1661.3844 1503.1704 -9.52%
EURBRL BRAZIL 2.4993 2.2219 -11.10%
EURCAD CANADA 1.5077 1.3356 -11.41%
EURMXN MEXICO 18.7366 16.5156 -11.85%
EURSEK SWEDEN 10.2425 8.9850 -12.28%
EURNZD NEW ZEALAND 1.9805 1.7158 -13.37%
EURSGD SINGAPORE 2.0126 1.7181 -14.63%
EURTWD TAIWAN, PROVINCE OF CHINA 45.7985 39.0304 -14.78%
EURCHF SWITZERLAND 1.4837 1.2516 -15.64%
EURZAR SOUTH AFRICA 10.6445 8.8733 -16.64%
EURAUD AUSTRALIA 1.5950 1.3085 -17.96%
EURJPY JAPAN 133.2600 108.5000 -18.58%

“This material was prepared by BSI SA, Lugano for information purposes only. It does not constitute an offer to sell or a solicitation to buy the securities or the financial instruments herein mentioned. While based on information
provided from public financial sources believed to be reliable, no guarantee is given that it is accurate or complete. BSI SA makes no representation (either express or implied) of warranty relating to the information herein which
is derived from independent sources. The opinion, forecasts, assumption, estimates, derived valuations and target prices contained in this material are as of the date indicated and are subject to change any time without notice.
In particular, the stated prices and values mentioned herein are not a representation that any investment can be effected at those prices/values. Therefore BSI SA shall not be liable for any direct, indirect, special, incidental,
consequential damages, including lost of profits arising in any way from the information contained in this material. BSI SA or its employees may from time to time have or have had interests or positions in relevant securities or
other financial instruments referred to in this material. This material is for the use of the intended recipient only and the contents may not be reproduced, distributed in part of in whole for any purpose. This document may not be
distributed in any jurisdiction which requires a registration or license”.
 Investment Advisory

InformAttiva 3 January 2011

USD
Name Country 31-dic-09 31-dic-10 Perf. YoY

USDDKK DENMARK 5.1946 5.5676 7.18%

USDEUR EUROLAND 0.6979 0.7470 7.04%
USDVND VIET NAM 18479.0000 19498.0000 5.51%
USDGBP UNITED KINGDOM 0.6185 0.6405 3.56%
USDNOK NORWAY 5.7845 5.8116 0.47%
USDKRW KOREA, REPUBLIC OF 1158.0500 1124.8000 -2.87%
USDBRL BRAZIL 1.7445 1.6600 -4.84%
USDCAD CANADA 1.0533 0.9983 -5.22%
USDMXN MEXICO 13.0903 12.3603 -5.58%
USDSEK SWEDEN 7.1523 6.7117 -6.16%
USDNZD NEW ZEALAND 1.3825 1.2814 -7.31%
USDSGD SINGAPORE 1.4048 1.2834 -8.64%
USDTWD TAIWAN, PROVINCE OF CHINA 31.9900 29.1560 -8.86%
USDCHF SWITZERLAND 1.0356 0.9346 -9.75%
USDZAR SOUTH AFRICA 7.3890 6.6276 -10.30%
USDAUD AUSTRALIA 1.1152 0.9773 -12.37%
USDJPY JAPAN 93.0100 81.1600 -12.74%

Currencies: 201
2010 performances of major parities
Major Parities
Name Country 31-dic-09 31-dic-10 Perf. YoY

AUDUSD UNITED STATES 0.8974 1.0233 14.03%

NZDUSD EUROLAND 0.7226 0.7802 7.97%
CADUSD UNITED STATES 0.9504 1.0017 5.40%
EURGBP UNITED KINGDOM 0.8865 0.8573 -3.30%
GBPUSD UNITED STATES 1.6173 1.5612 -3.47%
EURUSD UNITED STATES 1.4326 1.3387 -6.55%
USDCHF SWITZERLAND 1.0356 0.9346 -9.75%
USDJPY JAPAN 93.0100 81.1600 -12.74%
GBPCHF SWITZERLAND 1.6740 1.4588 -12.86%
EURCHF SWITZERLAND 1.4837 1.2516 -15.64%
GBPJPY JAPAN 150.4500 126.6500 -15.82%
EURJPY JAPAN 133.2600 108.5000 -18.58%

NB: due to presentation requirements some parity are inverted

“This material was prepared by BSI SA, Lugano for information purposes only. It does not constitute an offer to sell or a solicitation to buy the securities or the financial instruments herein mentioned. While based on information
provided from public financial sources believed to be reliable, no guarantee is given that it is accurate or complete. BSI SA makes no representation (either express or implied) of warranty relating to the information herein which
is derived from independent sources. The opinion, forecasts, assumption, estimates, derived valuations and target prices contained in this material are as of the date indicated and are subject to change any time without notice.
In particular, the stated prices and values mentioned herein are not a representation that any investment can be effected at those prices/values. Therefore BSI SA shall not be liable for any direct, indirect, special, incidental,
consequential damages, including lost of profits arising in any way from the information contained in this material. BSI SA or its employees may from time to time have or have had interests or positions in relevant securities or
other financial instruments referred to in this material. This material is for the use of the intended recipient only and the contents may not be reproduced, distributed in part of in whole for any purpose. This document may not be
distributed in any jurisdiction which requires a registration or license”.