BNP Paribas Appoints Adam Brodnicki and Andrew Miller to Its Foreign Exchange Team in New York

Business Wire, June 23, 2008

NEW YORK -- BNP Paribas is pleased to announce the appointments of Adam Brodnicki and Andrew Miller as directors in the New York Fixed Income team. Both join from Bear Stearns and will cover institutional and hedge fund clients for FX, Rate and Structured Products as well as all Emerging Market products from across the BNP Paribas global platform, including the Middle East, Asia, Eastern Europe and Latin America.

Commenting on the appointment Garry Popofsky, head of FX and Emerging Markets distribution for North America said, "Adam and Andrew's skill-sets are a great fit for us. These appointments are a continuation of our commitment to expand BNP Paribas' distribution capabilities with the global product suite we offer."

Adam will be part of the Local Markets sales team where he will distribute global emerging market products to Institutional clients. While at Bear Stearns, he covered institutional clients for Local Emerging Markets. Prior to that, he held various positions in debt trading at Credit Lyonnais, Bank of America and ING Barings amongst others. He will report locally to Garry Popofsky.

Andrew will be part of the FX Sales team distributing all FX products focusing on currency options and derivatives to hedge fund clients. He was in charge of institutional client coverage for FX products at Bear Stearns and prior to that had spent 3 years with HSBC on the Institutional Sales desk and 10 years at Republic National Bank as a Foreign Exchange trader. Andrew will report to Cyrille Buisson, head of International Financial Institutions.

About Corporate and Investment Banking at BNP Paribas:

BNP Paribas Corporate and Investment banking division (CIB) has 16,000 employees, deployed in over 53 countries around the world. It operates in advisory and capital markets (Corporate Finance, Equities, Fixed Income) as well as in financing businesses (Energy, Commodities, Export and Project Finance and Structured Finance). CIB excels in three fundamental sectors in particular: Derivatives - it is one of the leading global players in rates, credit, forex, commodity and equity derivatives Capital markets - it is amongst the top ten Euro houses for both ECM and DCM (bond issues, securitization, convertibles and shares). Structured finance - it is amongst the world leaders for acquisition, export, project and commodity finance. For further information please visit our website at http://cib.bnpparibas.com/

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the 4 strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with 161,000 employees, including 125,000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.