Ethos Quarterly Publications as of 31 March 2008

The Ethos Quarterly presents an overview of current issues in the fields of responsible investment and active shareholding. Issue highlights include:

• The Power of the Shareholders' General Meeting

• Learning a Lesson from the Subprime-Crisis
• Shareholders Wake Up Call for UBS
• Nestle's Statutory Revisions – Improving Corporate Governance
• Ethos-Rating: Nestlé Upgraded

• Key Sovereign Funds
• Sovereign Funds – The New Type of Investor
• Norway Government Pension Fund: Leader in Transparency and Responsibility
• Cluster-Bombs: Raising Awareness

• 2008 Welcomes the Separation of the Chairman and CEO Functions
• Quarterly Review of General Meetings Analysed by Ethos
• Shareholder Resolutions

The Ethos Investment Focus is the management report of the various segments of the Ethos institutional investment fund and of the «Pictet-Ethos (CH) Swiss Sustainable Equities» investment fund.