Issuers

Please find below details of the Investment Banks that issue covered warrants or other structured products.

SG Product Range

SG is one of the world's leading warrant issuers with 14% of total global warrant market share for the first half of 2002. We offer more than 8,000 warrants on stocks, indices and commodities on 15 exchanges around the world. SG is committed to being the leading issuer in the UK warrants market, bringing over 10 years' experience of warrants trading to support an outstanding product range. SG is the corporate and investment banking arm of Société Générale, one of the world's top twenty banks with over 81,000 employees and 12m customers across the globe.

SG Securities (London) Ltd is a member of the London Stock Exchange and is regulated by the FSA.

About Merrill Lynch

Merrill Lynch is one of the world's leading wealth management, capital markets and advisory companies with offices in 40 countries and territories and total client assets of almost $2 trillion. As an investment bank, it is a leading global trader and underwriter of securities and derivatives across a broad range of asset classes and serves as a strategic advisor to corporations, governments, institutions and individuals worldwide. Merrill Lynch owns approximately half of BlackRock, one of the world’s largest publicly traded investment management companies with more than $1 trillion in assets under management. For more information on Merrill Lynch, please visit www.ml.com. Merrill Lynch offers a broad range of services to private clients, small businesses, and institutions and corporations, organizing its activities into two interrelated business segments - Global Markets & Investment Banking and Global Wealth Management, which is comprised of Global Private Client and Global Investment Management.

About Goldman Sachs

Founded in 1869, Goldman Sachs is a global investment banking, securities and investment management firm. We provide a wide range of services to a substantial and diversified client base that includes corporations, institutional investors, governments, non-profit organisations and individuals. Our headquarter is in New York and we maintain significant offices in London, Frankfurt, Tokyo, Hong Kong and other financial centres around the world. Our business principles are rooted in integrity, a commitment to excellence, innovation and teamwork. These values enable us to execute successfully a business strategy that is focused on extraordinary client service and superior long-term financial performance for our shareholders.

We offer a wide range of structured products on stock markets all over Europe and work with our clients to create the structured solutions they are looking for. Goldman Sachs has been present in the European warrant market for over 15 years. The firm currently occupies a top three position by numbers of transactions in the largest European markets - Germany, Italy and Switzerland. Goldman Sachs was also the first foreign issuer of warrants in Japan and has been the market leader since its inception. Visit our UK website for more information.