Vincent Bourgois

In charge of sourcing and underwriting of principal investments Closed deals: - € 100 million office building in Paris region – Sold in July 07 (gain € 17 million) - € 50 million residential in French Riviera - € 40 million serviced apartment portfolio in Paris region Product exposure: direct investments, debt financing, Basel 2 Geographical exposure: France, Belgium, Netherlands

In charge of underwriting and financing of all acquisitions with a team of 3 analysts Closed deals: - € 30 million of residential in Belgium (1 transaction) - € 380 million of office and retail in France (4 transactions) Deal leader of all Italian deals - STAM Europe Italia being launched Q2 2005 Product exposure: direct investments, debt financing Geographical exposure: France, Belgium, Italy, Spain

In charge of structuring and marketing the pan-European investment vehicles Set-up and launch in June 03 of CB Richard Ellis Strategic Partner Europe, first pan-European investment vehicle, with € 350 million investment capability. SPE had € 220 million of assets under management (all assets have been disposed s of today): - 3 office buildings (2 in Milan – 1 in Paris) – strategies: mark to market / heavy refurbishment - 2 residential properties in Paris Region – strategy: condo-conversion Set-up and capital raising of two French real estate funds, € 360 million investment target, dedicated to high net worth individuals: - Commerces Rendement – core+ retail fund – first closing with € 20 million equity in April 04 (total target equity € 60 million) - Dynamique Résidentiel – value added residential fund – beginning of the marketing in May 04 (total target equity € 30 million) Product exposure: legal and tax structuring, direct investments, debt financing, capital raising Geographical exposure: France, Belgium, Italy, Germany

Real Estate Risk Underwriter – 10/01-03/03 Responsible for due diligence and approval process of French and Belgium deals Lead to conclusion a € 80 million deal – assumption of a financial lease on a compound of office buildings in Paris region Underwriting of a € 40 million residential portfolio Managed corporate due diligence of a French listed company (€ 4 billion asset value) Contribution of the Adjusted Net Asset Value of a participation including two listed companies Dead deals: - Portfolio of nursing homes in Paris region - Share purchase of a pan European operating company Deal Leader Corporate - 03/01-10/01 Lead corporate analysis of every real estate acquisitions Built an ad-hoc corporate model for the France Telecom deal (corporate outsourcing of 3 billion euros) Business Analyst - 07/98-03/01 (KPMG Consultant at GE Real Estate France disposal 07/98-06/99) Responsible for financial modelling - Achieved deals: 3 companies with 200+ financial lease contracts and 50 real estate assets, buy-out of financial lease contract on 2 office buildings in Paris region, portfolio of business parks - Dead deals: a listed company, a developer, a real estate broker, mark to market of financial instruments (bonds, swaps, …) of potential corporate acquisitions In charge of the training of new analysts Product exposure: direct investments, debt financing, corporate acquisition Geographical exposure: France, Belgium

Developed a treasury management system for an international media group

Valued all financial instruments during statutory audit of banks and insurance companies

Creation and implementation of an pricing and trading model for Overnight Index Swap based on EONIA (Euro Over Night Index Average)