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SAMSustainabilityThe Dow Jones Sustainability Group IndexGroupSignaustrasse 1CH-8008 ZürichTel. 41 1 389 11 11Fax. 41 1 389 11 00www.sam-group.comSustainability A successful investment concept„New Century Enterprises“World Resources Institute, WashingtonOctober 20 , 1999

SAM PortraitSAMSustainability Founded in 1995 Independent asset management company Focus on sustainability in asset management One of Europe s most experienced sustainabilityresearch team Institutional and private investment advisory and assetmanagementGroupwww.sam-group.com1

SAM OrganizationSAMSAM Sustainability CouncilSSAAMMSustainabilitySustainability GroupGroupSAMAsset ManagementSAMPrivate EquitySustainablePerformance Group (SPG)Food & AgricultureSustainabilityGroupInvestment FundsIndividual AccountsInvestor Relationswww.sam-group.comSAMSustainability ResearchSustainability ScenariosMobilitySAM Sustainability RatingEnergySustainability IndexTechnology2

SAM Co-Operation PartnersSAM Co-Founder SPG Sustainability-Research (Risk Analysis) Co-Founder SPG Private Equity Sub Advisory-Mandate for Sustainable Investment Sub Advisory-Mandate for Credit Suisse Equity Fund EcoEfficiency Sub Advisory-Mandate forRobeco Sustainable Investment Fund Dow Jones Sustainability Group IndexSustainabilityGroupwww.sam-group.com3

SAMSustainabilityGroupScopeDevelopment of Sustainability InvestmentsEconomyIncreasing shareholder valueby integrating economic, environmental and social growthopportunities into the business utputServicesDisposalInvestment inEco-EfficiencySocial tive AdvantageInvestments inEnvironmental Technology1980199020004

Dow Jones Sustainability Group Index Tracks the performance of the leading sustainabilitydriven companies worldwide Investable Index - Benchmark for SustainabilityInvestments Standard for measuring Sustainability - FinancialQuantification of Sustainability Fully integrated with the Dow Jones Global Index Family A partnership ofSAMSustainabilityGroupwww.sam-group.com5

MethodologySAMDow Jones Global IndexSustainabilityGroup2,000 CompaniesBiggest in Market CapitalizationCompany SelectionTop 10% leading sustainability companiesin 68 industriesAdvantages RepresentativeDJSGI Liquid229 Components Objective CredibleDJSGI Worldwide coverage All industry coveragewww.sam-group.com Large worldwidesustainability database6

Dow Jones Sustainability Group IndexKey attributesSAMSustainability Basis: Dow Jones Global Index(2000 companies of 73 industries, globally diversified) Top 10 % leading sustainability companies of all industries(225) Selection Process: based on SAM Sustainability Rating Calculation: Dow Jones Indexes Weighting: Capitalization Publication: Real time for the Price-Index ( W1SGI Bloomberg) Total market capitalization: 4.3 Trio. USDGroupwww.sam-group.comInnovative investment-instrument for the next millennium7

Selection ProcessInvestable UniverseDow Jones Global IndexSAMSustainabilityAnnual ReviewGroupAllocation to Industry GroupsCorporate Sustainability AssessmentRanking within Industry GroupsIndex Component SelectionIndex Calculationwww.sam-group.comOngoing Review8

Sustainability AssessmentSAMSustainabilityGroupGeneral Sustainability CriteriaIndustry Specific Sustainability CriteriaCorporate Sustainability Evaluation SystemCorporate SustainabilityAssessment Questionnairewww.sam-group.comCorporate Policies& ReportsStakeholder Relations9

Corporate Sustainability CriteriaOpportunitiesRisksSustainability Business StrategyStrategic Sustainability RisksSAMSustainabilityGroup Organization of Sustainability Sustainability Policies Stakeholder Relations Corporate Governance Corporate risk managementsystem Social minimum standardsworldwide Codes of conductManagement of SustainabilityOpportunities Incentives for employees Intellectual capital management Virtual company Strategic & financial planning Sustainability communicationIndustry specific ment of Sustainability Risks Environmental managementsystem Environmental and social audits Contingency plans Corporate health and wellness Environmental liabilitiesIndustry specific Sustainability Risks10

Corporate Sustainability Evaluation SystemSAM Opportunities36SustainabilityGroup www.sam-group.comSustainability Policy and Strategy12Management of Sustainability-related Opportunities12Industry specific Sustainability-related Opportunities12Risks36Strategic Sustainability Risks12Management of Sustainability Risks12Industry specific Sustainability-related Risks12 Quality of Information Maximum Score27411

Leading Sustainability Companies(in Industry Groups)SAMSustainabilityGroupBasic Material S t o r a E n s o O y , Finland Dofasco Inc., CanadaIndependent Norsk Hydro ASA, Norway Marubeni Corp., JapanConsumer, cyclical BMW AG, Germany Fuji Photo Film Co. Ltd ., JapanIndustrial Tomra S y s t e m s A S A , N o r w a y Honeywell Inc., USAConsumer, non-cyclical Bristol-Myers Squibb Co., USA Unilever Plc ., NetherlandsTechnology ST Microelectronics N.V., France Fujitsu Ltd., JapanEnergy Suncor Energy Inc., Canada Enbridge Inc. CanadaUtilities TransAlta Corp., Canada Deutsche Telekom A G , G e r m a n yFinancial Credit Suisse Group, CH Skandia Försäkrings A B , S Wwww.sam-group.com12

Corporate Sustainability PerformanceBristol-Myers Squibb Co., Industry leader lity Business StrategyM a n a g e m e n t o f Sust’bility OpportunitiesManagement of Industry specificOpportunitiesStrategic Sustainability RisksManagement of Sustainability RisksManagement of Industry specific RisksBristol-Myers Squibbwww.sam-group.comIndustry Average13

SAM’ s sources of informationSAMSustainability Industry specific questionnaire Corporate reportsGroup(financial, environmental, health, safety, social, intellectual capital reports,etc) Corporate policies, standards and programs Audit reportsconcerning EHS management, social management, IT security, Year2000, anti-bribery, emergency training, etcwww.sam-group.com Management interviews Stakeholder information (e.g. critical shareholders, NGO‘s) Media Analysis (through Reuters Business InformationSystem & Dow Jones Interactive) Sustainability Network14

Sustainability World(December 31, 1993 - June 30, 1999)SAM300SustainabilityDJ SAM / DJGI:Group Correlation:0.9945250 DJ SAM Volatility: 10.83%200 DJGI Volatility:9.77% Tracking 1.12.9530.06.9631.12.96Sustainability Index -- 2.9830.06.99DJGI -- WorldHigh correlation, low tracking error15

5 Year Performance(January 1, 1994 – June 30, 1999; US Dollar, Price PACIFIC-40%16www.sam-group.comDJSGIDJGI

5 Year Performance(January 1, 1994 – June 30, 1999)Basic %17

Basis: Dow Jones Global Index (2000 companies of 73 industries, globally diversified) Top 10 % leading sustainability companies of all industries (225) Selection Process: based on SAM Sustainability Rating Calculation: Dow Jones Indexes Weighting: Capitalization Publication: Real time for the Price-Index ( W1SGI .