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Page Background Singapore, Article: An Entrepreneurial Approach to Centralisation at AkzoNobel By Jarno Timmerman, Head of Treasury South East Asia Pacific, Singapore, AkzoNobel Treasury & Investor Relations, from Treasury Management International , Issue 235, 2015, UK ………………………………………………………… page 38-40 UK, Interview: Hybrid Bonds are Considered as an Oasis in the Yield Desert The Bond expert forecasts continued growth of the market for hybrid Capital. Also corporations, which are not having a rating, are increasingly using this instrument. Interview with Mister Matthias Minor , Head of Corporate Coverage and Debt Capital Markets – Germany, Austria, Switzerland, The Royal Bank of Scotland (RBS) in London, from Börsen-Zeitung, Frankfurt am Main, Germany, August 22, 2015. ………………………………………………………… page 41-44 IAFEI News: ……………………………………………………………………………… page 45

IAFEI Quarterly | Issue 30 | 3