1. THE GREATER PARIS IS ON THE MOVE
Greater Paris Investment Agency
Chiara CORAZZA
Managing Director
THE GREATER PARIS IS ON THE MOVE
June 22, 2012 OPCE Conference
Ladies and Gentlemen,
Presidents, dear friends,
Today I will try to demonstrate and that it is the right moment to invest in the Greater Paris.

2. THE GREATER PARIS INVESTMENT AGENCY
20 years of success
A non-profit association created by the Paris’ Chamber of Commerce in 1991
Promoting Investment Assets
►Road-shows : USA, Japan, China, India, Korea, Gulf Countries, Brazil and Turkey.
Fostering Attractiveness
►Lobbying : transportation, R&D, taxation, business environment
And now just a few words about the Greater Paris Investment Agency, which I have the honor to chair.
Business Ambassador of Greater Paris Area, it was created by the Paris Chamber of Commerce and dedicated for almost 20 years to attract foreign investments in the French Capital. 2

3. 100+ Our Membership : Global & Major Cies
THE GREATER PARIS INVESTMENT AGENCY
Our Membership : Global & Major Cies
Aéroports de Paris, Air France KLM, Altran technologies, Bal du Moulin Rouge, Banque Audi Saradar, BNP Paribas, Bouygues Bâtiment Ile-de-France, Cabinet Caillau Dedouit & associés, Cabinet Fidal International, Caisse des Dépôts et Consignation Ile-de-France, Chambre de commerce et d'industrie de Paris, Chambre de commerce et d'industrie de Versailles, Val d'Oise/Yvelines, Chambre régionale de commerce et d'industrie Paris Ile-de-France, Cisco, Clifford Chance, Colas S.A., Colony Capital Europe, Comexpo Paris, Commissariat à l'énergie atomique (CEA), Credit Agricole CIB (Calyon), Deloitte&Touche, Ecole Normale de Musique de Paris, EDF, Ernst&Young, Etablissement public pour l'aménagement de La Défense (EPAD), Fédération nationale des travaux publics, Fédération régionale des travaux publics, Fives, FNAIM Paris et Ile-de-France, France Amériques, France Télécom, G7 Entreprises, Galeries Lafayette, GDF – Suez, Generali, Gide Loyrette Nouel, GMC, Hermès, ICADE, GP, JC Decaux SA, Klepierre, KPMG, La Poste, LG, Marne-la-Vallée Epamarne/Epafrance, Mazars, McKinsey & Company Inc., Medef Ile-de-France, Medef Paris, Pernod Ricard, Port Autonome de Paris, Présence, PricewaterhouseCoopers, RATP, SILIC, SNCF, Stehlin et Associés, Total, Unibail-Rodamco, Vinci Construction France - Ile-de-France, Viparis, Wipro Technologies…
100+
Nowadays, the Greater Paris Investment Agency gathers more than a hundred of the most successful international companies based in Paris. Their membership is the guarantee of our independence. 3

4. WORLD LEADERS FRENCH CIES IN PARIS
CONSTRUCTION
ENERGY
BANKING
UTILITY
CONSTRUCTION
AEROSPACE
TELECOM
INSURANCE
UTILITY
CONSTRUCTION
AEROSPACE
HOTELS
ADVERTISING
UTILITY
CONSTRUCTION
Among the world champion companies based in Greater Paris, many are members of our prestigious Board.
ENERGY
FOOD & DRUG
AIRLINES
NETWORKS
CAR MAKING
COSMETICS
WINE & SPIRIT
LUXURY BRANDS
ENTERTAINMT 4 4

5. THE STRATEGIC BUSINESS CENTRE IN EUROPE
1st GDP ($800Bns)
among European metropoles (more than Belgium or Denmark)
3rd in the world for the Fortune 500 companies
A powerful, open and highly diversified economy :
High-tech, software, automobile, pharmaceutical, finance, green tech…
500 millions consumers within 500 kms
Paris now. Paris is not only the Ville Lumière that everyone knows; it is also a world class business capital.
It also has the highest GDP among the European metropolises: more than 800 billion US dollars. It even ranks ahead of states such as Switzerland or Belgium.
It is the first European location for the top 500 worldwide companies and 3rd in the world after Tokyo according to the magazine Fortune. 5

6. FIRST AIRPORT HUB IN CONTINENTAL EUROPE
500 Mn consumers
88mn passengers/y.
530 cities/
135 countries linked 2h 1h
First of all, the economic dynamism of the Greater Paris is linked to the quality of its dense and efficient transportation network.
With 3 international airports our region ranks 1st in continental Europe with 90 million passengers a year.
It provides an easy access to more than 500 million consumers.

7. FIRST HIGH-SPEED TRAIN HUB IN EUROPE
500 Mn consumers
Cruise speed: 320 km/h
Brussels: 1:20
London: 2:20
Frankfort: 2:30 4h 2h
The Greater Paris is also the European hub of the high-speed train networks.
It connects all major European metropolises to Paris, and to Paris only, within less than three hours.

8. PARIS, AT THE HEART OF THE LARGEST STOCK EXCHANGE SYSTEM IN THE WORLD
NYSE-Euronext
Other alliances
Others major stock markets
Another world-class asset that makes Paris a good ally for investment is its major financial market. 47% of the leading stock index is owned by foreign investors. We are an open economy.
For example, Qatari investors acquired 5% of the shared of Total, the major oil company last month and over 1% of the capital of LVMH, the luxury world leader.
As you can see, Paris is also at the heart of the largest stock exchange system in the world. Moreover, Paris is the 2nd largest place for asset management in the world after Boston.
1st financial market in Euroland
2nd for asset management in the world, after Boston
47% of foreign assets in the leading index (CAC 40) 8

9. PARIS : A KING SIZE OFFICE STOCK : 51 Mn m2
1st in Europe, 2nd in the world
Top-of-the-line products
75% International investors
HAMBURG
LONDON
AMSTERDAM
Highest yield in Europe :
DUBLIN
DUSSELDORF
WARSAW
BRUSSELS
FRANKFORT
Source : Jones Lang Lassalle 2011
With no less than 51 million square meters, Paris has the second largest office market in the world, after Tokyo but before New York.
Up to 60% of these surfaces were bought by international investors, who were attracted by the superior returns.
More than 2.1 million square meters in offices were sold in 2011 in Greater Paris despite the crisis.
This is four times the size of the London market.
PARIS
MUNICH
LYON
MILAN
ROME
BARCELONA
MADRID 9

10. PARIS : AMONG THE LOWEST VACANCY RATES (%)
Top 8
European
Markets
Combined with a very low vacancy rates…and, as a consequence a lower risk.
Indeed Paris offers the highest yield relatively to its size, and the Defense an even higher yield at 6 percent annually.
Source : Jones Lang Lassalle 2011 10

11. At The Heart Of The Greater Paris
THE TRIANGLE TOWER
At The Heart Of The Greater Paris
TRIANGLE
TOWER
180 m
90,000 m2
2017
Here is for example the Triangle Tower, a vanguard project at the heart of Paris.
Source : Unibail-Rodamco 11

12. At The Heart Of The Greater Paris
THE TRIANGLE TOWER
At The Heart Of The Greater Paris
[The Eiffel Tower from the Triangle Tower, which will be 200 meters high]
Source : Unibail-Rodamco 12

13. AT THE VERY CENTRE OF PARIS
TRIANGLE
TOWER
180 m
70,000 m2
[more views of the Triangle Tower]
Source : Unibail 13

14. AT THE VERY CENTRE OF PARIS
TGI Tower
Paris 17
160 m
62,000 m2
By Renzo Piano
2017
The future Judiciary Center, designed by Renzo Piano. 160 meters high.
Source : Bouygues Bâtiment 14

15. AT THE VERY CENTRE OF PARIS
HORIZON TOWER
88 m
38,600 m2
Boulogne
By Jean Nouvel
2012
The Horizon Tower is a building designed for business spaces, in Boulogne, immediately south of downtown Paris.
Source : Gecina 15

16. AT THE VERY CENTRE OF PARIS
50 m
Housing
By Edouard François
2025
Here is a revolutionary housing project in the 13th Arrondissement, Paris.
Source : Paris Habitat 16

17. 1st Global City for the quality of life.
PARIS : WORLD CAPITAL FOR CONVENTIONS, TRADE FAIRS & TOURISM
2,000+ business events / year
44 million visitors / year
You probably thing my job of promoting Greater Paris is quite easy. Many people, as the 44 million people that each year visits Paris, are convinced that it is more fun than work.
Maybe they are not wrong: after all not everyone has the pleasure to present the first city in the world for lifestyle.
It also ranks well thanks to a unique healthcare system and by a wonderful countryside.
However there are also 15 millions are business visitors each year.
1st Global City for the quality of life.
2010 Anholt-GfK Roper City Brands Index 17

18. HIGH QUALITY EMPLOYMENT & EDUCATION
5,6 million employees (1st in Europe)
25% are executives
724,000 foreign workers
1st GDP per capita in EU ($70,000)
3/10 top European Business schools : HEC, ESCP…
The Greater Paris region offers a unique concentration in talents with the first GDP per inhabitant in Europe and outstanding business schools.
with 5.6 million people
a GDP per head at over $70,000
4 out of 10 best business schools in the world (HEC, Insead, ESSEC, ESCP) 18

19. PARIS, THE R&D LEADER IN EUROPE
1st R&D EXPENDITURE
billion €/ year
- 7,2 % of the European Union’s
1st RESEARCHERS’ CONCENTRATION
- 143,800 researchers
- 5th highest in the world
- 13.1/1000 employed (4.7 in the Silicon Valley)
33 NOBEL PRIZES : 2007 in Physics; 2008&2011 in Medicine…
Did you know that the Greater Paris is also the European leader in Innovation, Research and Development? 14.5 billion euros per year are dedicated to this crucial activity.
In Greater Paris you find more than 140,000 researchers. It is the highest concentration in Europe, with 13.1 researchers to every 1000 operational personnel, versus to 4.7 in the Silicon Valley for example.
Through the new credit tax scheme, any French or foreign company operating in France will receive a 40% refund on their R&D expenses, up to 100 million Euros.
Be also aware that over the last five years, the Greater Paris region has been awarded no less than five Nobel Prizes in physics, chemistry and medicine alone. 19

20. WORLD-CLASS CLUSTERS IN PARIS
(SOFTWARES)
130+ multinational groups (Alcatel, Altran, Dassault, Thales, Valeo…)
300+ start-ups & laboratories
MEDICEN (BIOTECHS)
12 multinational groups (Sanofi Aventis, Ge, Philips…)
23 research centres (Institut Pasteur, Institut Curie)
CAP DIGITAL (DIGITAL CONTENTS)
20 international groups (Lagardere, EADS, Motorola…)
430 SME, 50 universities
MOVE’O (CARMAKERS)
80 international groups (Renault, Peugeot…)
56 research centres (CEA, Centrale, CRIT…)
ASTECH (AERONAUTICS – ADVANCED SYSTEMS)
This dynamic environment also explains why the Greater Paris area hosts seven world class high tech clusters: for example specialized in software; Medicen for biotechnologies; Cap Digital for ITs and Move’o being the most innovative cluster for green technologies concerning the car industry.
In fact, high-tech clusters draw on a very favorable environment:
These clusters benefit especially from the position of Paris as the showroom of the world, the place to be for creation, fashion and design, which cannot be separated from innovation. 20

21. THE GLOBAL CITIES INVESTMENT MONITOR
EUROPE : THE LEADING DESTINATION
For the time in the last three years, the global total of investments rose in 2011, by 9%. It had declined by 8% in 2009 and by 8% in 2010.
Latin America is the most dynamic continent, with a 29% growth in 2011.
Europe grows too, but slowlier than the rest of the world.
But it is still by far the leading destination for investments in the world.
© The Greater Paris Investment Agency - KPMG, « Global Cities Investment Monitor », 2012 21 21

22. THE GLOBAL CITIES INVESTMENT MONITOR
EUROPE : THE MAIN INVESTOR
Europe is not only the largest investor in Asia and America. It is also the leading investor in Europe itself.
BRIC investments are relatively far behind. They represent only 5% of the investments toward Europe.
Globally, intra-zone investments are losing ground compared to those in extra-zone; which shows that strategies and positions are more and more going global.
© The Greater Paris Investment Agency - KPMG, « Global Cities Investment Monitor », 2012 22 22

23. THE GLOBAL CITIES INVESTMENT MONITOR
PERCEPTION : GLOBAL IMAGE / TOP 10 CITIES
These are the results of the Global Cities Investment Monitor 2012, a benchmark conducted by the Greater Paris Investment Agency and by KPMG in worldwide exclusivity.
© The Greater Paris Investment Agency - KPMG, « Global Cities Investment Monitor », 2012 23 23

24. THE GLOBAL CITIES INVESTMENT MONITOR
PERCEPTION : ATTRACTIVENES / TOP 10 CITIES
To make the difference in the very near future, we have to booster our image as innovative and dynamic as possible.
Olympics Game for London and soon for Rio or the International Exhibit for Shanghai have been exceptional attractors.
Facing these challenges a global city like Paris needs a project that will boost innovation, foster economic growth and provide long-term advantages in terms of infrastructures.
This is the goal the Greater Paris project.
© The Greater Paris Investment Agency - KPMG, « Global Cities Investment Monitor », 2012 24 24

25. THE GLOBAL CITIES INVESTMENT MONITOR
INVESTMENT CRITERIA     
Market size and accessibility
Skilled labour availability
Labour costs
Real
Estate
Quality of life
In our benchmark of course we also regularly check the investment criteria, by world wide opinion polls.
The latest enquiry shows a deep reshuffle in the wake of the crisis: political stability and juridical security come at the top, followed by the market size and accessibility, and the economical growth.
Quality of
research
And
innovation
Political stability
and
Juridical security
Economic growth
Infrastructures
Quality of
Education
Global Cities Investment Monitor © Greater Paris Investment Agency-KPMG 25

26. THE GLOBAL CITIES INVESTMENT MONITOR
GREENFIELD INVESTMENTS 2011 / TOP 10 CITIES
Here you have the situation of the reality of Greenfields investments last year.
In continental Europe Paris is by far the first destination for Greenfield international investments and the sixth city in the world.
© The Greater Paris Investment Agency - KPMG, « Global Cities Investment Monitor », 2012 26 26

27. THE GLOBAL CITIES INVESTMENT MONITOR
GREENFIELD INVESTMENTS / TOP 10 CITIES
As you see, Paris is ranked fourth in the world for international investments over the last five years.
These are the results of the Global Cities Investment Monitor 2012, a benchmark conducted by the Greater Paris Investment Agency and by KPMG in worldwide exclusivity.
© The Greater Paris Investment Agency - KPMG, « Global Cities Investment Monitor », 2012 27 27

28. THE GLOBAL CITIES INVESTMENT MONITOR
GREENFIELD INVESTMENTS / TOP 10 CITIES
London
Shanghai
Hong Kong
Paris
Beijing
© The Greater Paris Investment Agency - KPMG, « Global Cities Investment Monitor », 2012 28 28

29. THE GLOBAL CITIES INVESTMENT MONITOR
GREENFIELD INVESTMENTS / TOP 10 CITIES
194
São Paulo
195
Moscow
146
108
120
126 .
107
108 86 78 68
Mumbai 65 61 51
© The Greater Paris Investment Agency - KPMG, « Global Cities Investment Monitor », 2012 29 29

30. THE GREATER PARIS PROJECT : THE BACKBONE INFRASTRUCTURE
LA DEFENSE
SACLAY
ORLY
DESCARTES
PLEYEL
LE BOURGET
ROISSY 7
business areas
€33bns.
investments
200km
new automated train sublines
20mins
to the airports
I have no doubt that the investors’ interest will grow even stronger with the Greater Paris project, a French-government backed project.
It is the world’s most important urban economic development project.
On top of the 33 billion euros of public investments, we can very reasonably estimate that private investors will add at least another 60 billion euros.
This amount will be dedicated to innovative infrastructures, businesses and technologies. In itself, it will add two points to the metropolitan growth rate over the next 15 years. With a classic multiplier effect, this will generate another 500 billion euros in GDP over the next fifteen years, doubling the present wealth of the Greater Paris.
Paris will be more of an innovation-driven economy, a smart-city and a world-class metropolis once more.
I am sure that many of you will be attracted by the outstanding opportunities the Greater Paris project will generate. 30

31. THE AERONAUTICS CLUSTER : LE BOURGET
First, let me bring you to the Bourget, home of the aeronautic industries. 31

32. GREATER PARIS, AERONAUTIC WORLD CLUSTER
55,000 staff
1,100 firms
15 €Bns turnover
80% in exports
Commands in 2011: + 27%
The Greater Paris stands among the leading clusters in the world, with several world leaders headquartered in the Region, like EADS, Thales or the European Space Agency.
55,000 people in 1,100 firms generate over 15Bns Euros in turnover, with an impressive growth rate of 11% this year, driven mainly by exports.
15% of the turnover is invested back in research and development. This explains how technological breakthroughs like the A380 have been turned in commercial successes.
Source : GIFAS 32

33. GREATER PARIS, AERONAUTIC WORLD CLUSTER
28,000 researchers
R&D : 15% of turnover (15 €Bns)
excellence in :
aerodynamic modeling
high integration electronics
automatic control equipment
optoelectronics…
Paris is effectively the European capital of Aeronautics, even if major factories are in Toulouse and Hamburg
Airbus’ A 380
Source : GIFAS 33

34. THE EUROPEAN SILICON VALLEY : PARIS-SACLAY
Another major pole of Greater Paris is Saclay, a world-class cluster for IT, nanotechs and robotics. It is also referred to as the European Silicon Valley. 34

35. SACLAY, IT&NUCLEAR WORLD CLUSTER
Saclay is particularly well-known for world-class research facilities, such as the Synchrotron and the Atomic Research Center of the CEA.
The Synchrotron 
The Atomic Research Centre 

36. SACLAY, IT&NUCLEAR WORLD CLUSTER
But it is also a leading cluster for IT, advanced systems and transportation, nanotechnologies...
Nanotechnologies
Advanced transportation
Complex Systems
Source : GIFAS 36 36

37. THE FINANCIAL HUB : LA DEFENSE
Last but not least, the famous business area of La Défense in Western Paris,
the European Manhattan
The most important business center in Europe, it is modernizing through a vast renewal plan with nearly 1 million square meters of new office space, offering many outstanding opportunities of investments.
1,000,000 sqm. new office space in the next 5 years
A Commitment to sustainability

38. CARPE
DIEM
47,000 m2
160 m D2
TOWER
54,000 m2
180 m
- The D2 Tower, a High Environmental Quality project.
- The Carpe Diem Tower.
Source : EPAD 38

39. AVA TOWER 58,700 m2 142 m By Manuelle Gautrand Another new icon of the
Source : GCI 39

40. FIRST
TOWER
87,000 m2
230 m
The First Tower has already been completed and sold out.
It is almost as high as the Phare Tower will be and as environmentally efficient.
Source : EPAD 40

41. HERMITAGE PLAZA
270,000 m2
300 m
This is the prestigious Hermitage Towers on the River Bank…
It will be the highest skyscraper in the Greater Paris but a mixed tower with a Palace, shopping centers, luxury housing, restaurants as well as offices.
Source : EPAD 41

42. PHARE
TOWER
300,000 m2
318 m
Offices
Source : EPADESA
…the Phare Tower near the Great Arch. It is also over 300 meters high.
As you can see, the Greater Paris project will make once more the Ville Lumière one of the Lighthouses of our world and a leading city in the 21st century. 42

43. + € 60 Bns private investments
INVESTING IN THE GREATER PARIS,
MULTIPLYING RETURNS
2025
+ € 500 Bns GDP
+ € 60 Bns private investments
+ € 33 Bns public investments
These three poles are mere examples of the many assets that the Greater Paris project will develop.
On top of the 33 billion euros of public investments, we can very reasonably estimate that private investors will add at least another 60 billion euros.
This amount will be dedicated to innovative infrastructures, businesses and technologies. In itself, it will add two points to the metropolitan growth rate over the next 15 years. With a classic multiplier effect, this will generate another 500 billion euros in GDP over the next fifteen years, doubling the present wealth of the Greater Paris.
Paris will be more of an innovation-driven economy, a smart-city and a world-class metropolis once more.
I am sure that many of you will be attracted by the outstanding opportunities the Greater Paris project will generate.
2010 43

44. Chiara CORAZZA Managing Director
7, rue Balzac – Paris
In a nutshell, it is the right time to invest in the Greater Paris.
Thank you. Be warmly welcome to the Greater Paris. 44 44