Announcement - Continued member of The Lawyer Network in France

Maryse Naudin began her career in the tax department of one of the major accounting firms, where she was in charge of the real estate practice and the South East Asia clientele, prior to co-founding Tirard, Naudin. She now has more than 30 years' experience in advising and defending a varied clientele, from multinational corporations to high net worth individuals, in relation to cross-border tax issues. She has a particular expertise in advising foreign investors acquiring French real estate property as well as advising French clients with foreign interests. Maryse Naudin also has a wealth of expertise in matters relating to trust aspects in a civil law environment, European taxation, and in particular to tax litigation with respect to community freedoms. Ms. Naudin is the co-founder and former secretary of the French branch of the Society of Trust and Estate Practitioners (STEP), and a former chairman of the "International Estate Planning" commission of the Union Internationale des Avocats. She is a frequent speaker at seminars dealing with international tax planning in the context of various matters, such as European Holdings or structuring investments in French real estate.