Lyxor Asset Management Launches The EuroMTS Global Master Unit, The First Eurozone Government Bond Tracker, On Euronext

Lyxor Asset Management today announced the launch of the first and only Exchange Traded Fund (ETF) to track the eurozone government bond market, extending the range of products available to investors. The ETF, named the EuroMTS Global Master Unit, follows the success of Lyxor's equity index ETFs and will initially be listed on Euronext Paris. Liquidity will be ensured by SG Corporate & Investment Banking and CDC IXIS Capital Markets.

This highly innovative new product will be based on the Global EuroMTS index, a euro-denominated index measuring the performance of the entire eurozone government bond yield curve. The EuroMTS Index, formerly the CNO Etrix, is the only independent, real time Eurozone government bond index calculated using tradable prices and is comprised of the EuroMTS Global index and six maturity bands ranging from 1-3 years up to 15+ years.

The EuroMTS Global Master Unit, approved by the AMF (Financial Markets Authority), will provide investors with a simple way of diversifying their bond portfolios in a single transaction, while facilitating their investments in relation to direct purchases of government bonds or futures.

"We are confident that the advantages of the EuroMTS Index, including its unique price transparency and the tradability of the underlying bonds, when allied with Lyxor's status in the European EFT market, will ensure the success of this product," said Scott Stark, CEO of MTSNext. "The EuroMTS Global Master Unit is the first of its kind, the first to track the eurozone government bond market, and so represents an important development in the European EFT industry."

Lyxor Asset Management, a fully owned subsidiary of Société Générale, is a major player in the rapidly developing European ETF industry with over €3 billion (more than 30% of total European ETF assets under management) in its Master Unit range. Its CAC40 Master Unit is the largest European ETF and is currently the most heavily traded ETF listed on Euronext.

Features of the EuroMTS Global Master Unit tracker

Legal form: Unit of the Multi Units France Sicav fund, governed by French law
AMF Classification: SICAV Coordonnée (coordinated Sicav)
Currency: Euro
Recommended investment period > 1 year

First quotation: 22nd January 2004
Market: Premier Marché of Euronext Paris
Benchmark index: EuroMTS Global

NAV at inception: 100 euros
Front/back-end load*: 0%
Management fees: 0.165% incl. VAT/year
Eligible for PEA equity savings plans: No
Eligible for SRD deferred settlement service: Yes

Mnemonic Code: MTX
ISIN Code: FR0010028860

Liquidity is ensured by:	SG Corporate & Investment Banking
	          CDC IXIS Capital Markets

EuroMTS Global Master Unit was approved by the AMF (Financial Markets Authority) on XX January 2004, under number XX-XXX. The prospectus approved by the AMF is available on request.

*For traders.