Shareholders equity attributable to equity holders of the parent stood at €501 million at 31 March 2009. Paris Orléans exercises its knowledge and expertise through:

* Banking activities, comprising investment banking, in particular merger and acquisition advisory services, and third party asset management.

These activities are held by Rothschilds Continuation Holdings AG and carried out mainly by two operating entities, Rothschild & Cie Banque in France and NM Rothschild & Sons in the United Kingdom.

* Private equity activities, focusing on stable investments in companies. Our investments are diversified in terms of both business sector and type of investment (equity holdings, mezzanine debt, etc.).