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R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08 No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m % 764.45 6.6 13.6 77,462 -15.9 2.8 345,283 -0.6 6.2 1.0 0.8 3.0 4.8 2.2 2.1 27,343 -4.0 Austria number of companies for calculation 31 31 28 31 31 30 31 31 30 31 31 31 31 31 31 26 25 1 voestalpine 164 Industrial metals & mining (175) 2710 108.80 -2.9 18.1 8,550 -27.1 5.5 41,646 -4.3 18.9 1.3 1.0 4.1 8.7 2.6 2.6 3,598 5.4 2 Borealis 193 Chemicals (135) 2466 88.00 6.0 25.1 4,714 -29.6 -6.4 5,215 -3.2 4.3 1.9 1.2 0.9 4.3 16.9 15.4 3 Intercell 238 Biotechnology (4573) 7310 66.29 44.3 33.1 62 10.6 42.0 403 23.6 33.6 107.5 82.4 -52.7 -32.6 164.5 140.9 671 -44.2 4 Andritz 286 Industrial machinery (2757) 2924 49.25 -3.9 11.6 3,198 -11.4 5.7 13,049 -4.8 8.5 1.5 1.4 4.6 6.0 3.8 3.7 2,225 26.8 5 Zumtobel 289 Electronic equipment (2737) 3210 48.66 11.5 11.9 1,117 -4.8 -3.5 6,989 -7.5 -1.7 4.4 3.7 -4.3 3.1 7.0 5.8 555 42.1 6 Telekom Austria 295 Fixed line telecommunications (653) 6420 48.11 5.5 3.3 4,802 -7.1 0.3 16,784 -4.6 2.7 1.0 0.9 7.0 2.4 2.9 2.6 3,722 -24.3 7 Novomatic 341 Travel & leisure (575) 9271 37.21 34.4 21.3 1,229 -4.1 17.7 10,331 16.5 33.2 3.0 2.2 12.3 27.0 3.6 3.1 8 KTM Power Sports 362 Automobiles & parts (335) 3410 33.02 -28.5 13.5 455 -24.9 -3.4 1,857 -5.4 4.6 7.3 7.6 -15.7 3.3 17.8 23.5 168 17.6 9 Austria Technologie & Systemtechnik 474 Electrical components & equipment (2733)3162 20.68 140.8 99.2 372 -17.3 -7.3 5,616 -11.1 1.6 5.6 1.9 -7.5 -0.4 3.7 1.4 260 147.0 10 RHI 484 Industrial machinery (2757) 2924 20.10 -8.2 0.7 1,237 -23.0 -5.0 7,272 -6.5 -6.0 1.6 1.4 4.7 9.1 2.8 2.8 777 20.3 11 austriamicrosystems 485 Semiconductors (9576) 3210 19.98 -22.0 -16.6 137 -25.7 -11.3 1,087 -3.7 3.4 14.6 13.9 -18.8 9.7 18.4 22.7 256 117.2 12 bwin Interactive Entertainment 486 Travel & leisure (575) 9271 19.88 116.8 70.5 356 7.2 6.8 1,490 11.3 29.4 5.6 2.8 13.5 -4.4 13.3 6.8 1,225 39.2 13 A-Tec Industries 494 Industrial machinery (2757) 2924 19.15 -5.1 -3.2 3,009 -9.3 22.5 12,312 -4.8 9.6 0.6 0.6 4.9 0.3 1.6 1.6 164 -39.6 14 B&C Industrieholding 500 Other financials (877) 6523 18.80 2.7 2,079 2.9 9.9 13,775 0.7 5.5 0.9 0.9 9.7 11.6 1.4 1.3 15 Miba 503 Automobiles & parts (335) 3430 18.70 -2.1 0.4 312 -16.8 -5.3 2,613 -8.5 -2.9 6.0 5.1 4.3 8.5 7.2 6.7 100 42.6 16 Kapsch TrafficCom 524 Support services (279) 7487 17.50 23.1 18.6 216 7.9 1.6 973 8.4 10.2 8.1 7.1 18.4 13.3 18.0 15.8 352 25.3 17 Constantia Packaging 579 General industrials (272) 2682 14.60 -0.2 32.1 1,704 -18.1 17.3 7,828 -5.0 8.4 0.9 0.7 8.2 8.5 1.9 1.8 731 44.1 18 OMV 582 Oil & gas producers (53) 1110 14.44 5.8 2.9 17,917 -29.9 -2.0 37,485 -9.1 -6.0 0.1 0.1 8.0 9.5 0.4 0.3 6,981 -14.5 19 AGRANA 608 Food producers (357) 1589 13.35 6.8 3.2 1,989 -1.8 1.3 7,927 -3.8 -1.2 0.7 0.6 4.4 1.5 1.7 1.5 907 0.6 20 Palfinger 631 Industrial machinery (2757) 2924 12.47 22.8 0.4 505 -36.4 -4.8 4,517 -2.4 9.5 2.5 1.3 -0.9 9.2 2.8 2.2 547 8.7 21 Rosenbauer International 729 Commercial vehicles & trucks (2753) 3550 9.20 35.3 7.5 542 8.3 13.4 1,895 10.0 9.3 1.7 1.4 5.3 7.3 4.9 3.9 195 0.7 22 UNIQA 735 Nonlife insurance (853) 6601 9.04 64.0 143.8 5,536 12.7 2.5 15,107 10.5 12.0 0.2 0.1 1.5 1.8 0.6 0.4 1,728 -3.7 23 FACC 757 Aerospace & defence (271) 3530 8.59 -33.8 265 5.3 1,620 8.9 3.2 5.1 -10.9 -3.1 5.3 8.7 24 Fabasoft 803 Software (9537) 7221 7.48 -4.1 0.3 23 16.3 3.2 186 -5.1 -5.3 32.1 38.9 9.8 -12.4 40.2 39.8 22 10.3 25 Wolford 840 Personal goods (376) 1824 6.67 -13.2 -4.7 144 -2.2 0.6 1,484 -10.2 0.0 4.6 5.2 2.8 0.9 4.5 4.7 82 76.1 26 BWT 849 Gas, water & multiutilities (757) 4100 6.50 16.1 8.4 401 -2.3 3.4 2,433 1.9 4.6 1.6 1.4 7.1 7.0 2.7 2.3 298 -0.5 27 Sanochemia Pharmazeutika 856 Pharmaceuticals (4577) 2441 6.39 44.6 -9.7 30 0.0 -0.9 190 2.7 1.6 21.6 15.0 -18.5 -5.4 33.6 23.9 24 9.7 28 update software 860 Software (9537) 7221 6.28 -7.8 15.8 31 -14.5 10.3 288 1.1 18.7 20.0 18.6 -6.3 11.7 21.8 23.9 22 -20.5 29 Osterreichische Bundesbahnen 891 Travel & leisure (575) 6330 5.80 3.6 -32.3 3,798 -5.4 2.4 45,973 6.7 1.2 0.2 0.1 -25.9 -28.6 0.1 0.1 30 Strabag 944 Construction & materials (235) 4521 5.00 0.0 12,552 2.7 10.0 75,548 3.5 12.6 0.0 0.0 2.1 1.9 0.1 0.1 1,708 31 Bene 985 Household goods & home construction (3723614 4.54 -23.8 31.9 179 -32.4 -3.3 1,390 -6.6 3.7 2.5 2.2 -8.0 4.2 3.3 4.0 26 -27.5 2,377.79 -5.2 3.3 116,042 1.9 -0.5 539,473 0.3 1.7 2.0 2.2 9.4 -0.4 4.4 4.7 114,788 13.9 Belgium number of companies for calculation 40 40 33 40 39 35 40 40 35 40 39 40 39 40 40 34 31 1 UCB 37 Pharmaceuticals (4577) 2441 674.00 -12.1 3.1 3,116 -13.5 7.3 9,324 -17.4 3.2 21.6 21.3 11.0 3.1 72.3 67.9 3,779 -12.9 2 Solvay 46 Chemicals (135) 2466 566.00 -2.1 -0.5 8,485 -10.6 -3.4 28,204 -4.2 -1.2 6.7 6.1 9.1 5.9 20.1 19.6 5,398 -8.2 3 Agfa-Gevaert 116 Electronic equipment (2737) 3210 151.00 -15.6 -9.2 2,755 -9.1 -6.8 11,508 -7.8 -6.7 5.5 5.9 6.0 -1.5 13.1 14.3 489 19.2 4 Umicore 138 Chemicals (135) 2466 135.70 -19.1 9.7 6,952 -24.2 -7.6 9,713 -2.6 -2.8 2.0 1.8 2.0 2.6 14.0 16.8 2,923 29.1 5 Anheuser-Busch Inbev 161 Beverages (353) 1596 110.82 113.1 86.8 25,618 59.1 24.4 116,489 28.1 10.8 0.4 0.3 27.9 21.9 1.0 0.6 59,822 38.8 6 Dexia 202 Banks (835) 6511 85.00 -6.6 6.2 6,124 72.2 -4.4 27,280 -2.9 8.3 1.4 2.6 22.9 -109.0 3.1 3.2 5,659 -47.5 7 KBC 217 Banks (835) 6511 76.00 -29.0 -0.9 5,310 10.0 -24.9 56,939 -3.7 4.3 1.4 2.2 -52.4 -62.3 1.3 1.8 10,666 24.9 8 Bekaert 247 Industrial metals & mining (175) 2710 63.43 -7.4 8.6 2,437 -8.5 6.6 18,103 6.7 12.5 2.6 2.6 10.9 10.0 3.5 4.0 2,857 58.9 9 Barco 254 Electronic equipment (2737) 3210 61.19 -21.5 -8.3 639 -18.0 -5.3 3,310 -9.2 -7.7 9.6 10.0 -11.5 -2.8 18.5 21.4 421 -1.3 10 Belgacom 280 Fixed line telecommunications (653) 6420 53.00 29.3 8.9 5,922 0.2 -1.0 16,878 -3.4 -2.4 0.9 0.7 21.2 19.5 3.1 2.3 8,146 -3.2 11 Delhaize 347 Food & drug retailers (533) 5227 35.00 -2.8 19.1 19,952 4.8 0.7 138,119 -2.0 -1.0 0.2 0.2 4.7 4.7 0.3 0.3 4,663 1.7 12 Ion Beam Applications 388 Health care equipment & services (453) 3310 29.74 9.1 42.6 359 8.0 28.2 1,988 -3.8 23.5 8.3 8.2 -1.1 3.9 15.0 13.2 187 4.3 13 Punch International 396 Industrial machinery (2757) 2924 28.49 55.9 191.0 342 3.0 13.9 1,885 -18.0 -19.0 8.3 5.5 13.9 8.6 15.1 7.9 29 28.1 14 ThromboGenics 408 Biotechnology (4573) 7310 26.53 74.0 34.6 4 -86.2 9.1 48 14.3 8.1 629.7 50.1 -376.3 33.1 552.7 363.1 402 30.2 15 Option 408 Telecommunications equipment (9578) 3220 26.53 -28.4 12.6 147 -45.1 -19.3 537 -18.1 3.4 18.0 13.8 -36.9 -10.9 49.4 56.5 38 -53.8 16 Melexis 468 Semiconductors (9576) 3210 21.03 -11.7 0.8 129 -30.5 -13.8 695 -10.0 0.0 16.3 12.8 -4.2 13.0 30.3 30.8 381 52.9 17 Aliaxis 536 Construction & materials (235) 2682 16.50 -12.5 -6.0 1,921 -15.8 -3.2 14,842 -7.8 7.3 0.9 0.8 6.2 8.2 1.1 1.2 18 Hansen Transmissions International 571 Alternative energy (58) 2956 14.94 12.2 532 -12.6 2,193 -10.7 2.8 2.2 -1.2 9.2 6.8 5.4 488 -54.5 19 Recticel 584 Chemicals (135) 2466 14.19 -20.0 -8.3 1,277 -17.9 -4.7 9,264 -13.4 -4.5 1.1 1.1 2.3 2.6 1.5 1.7 180 27.7 20 Omega Pharma 590 Pharmaceuticals (4577) 2441 14.00 32.3 9.0 814 0.3 -6.8 1,945 -4.8 -13.5 1.7 1.3 12.1 12.6 7.2 5.2 693 23.6 21 Tessenderlo 593 Chemicals (135) 2466 13.90 -2.8 -20.8 2,094 -24.3 -2.2 7,961 1.1 -0.4 0.7 0.5 -7.3 7.6 1.7 1.8 566 -15.8 22 Metris (now Nikon Metrology) (now part of Nikon, Japan) 605 Electronic equipment (2737) 3210 13.45 48.4 87 -5.9 544 -18.6 15.4 9.8 -12.8 7.9 24.7 13.6 23 SABCA 626 Aerospace & defence (271) 3530 12.69 337.8 37.0 143 7.4 3.9 1,000 2.8 0.7 8.9 2.2 10.3 7.2 12.7 3.0 49 24 EVS Broadcast Equipment 638 Electronic equipment (2737) 3210 12.34 21.5 30.9 77 -30.8 -3.8 248 14.8 17.7 16.1 9.2 46.5 59.7 49.8 47.0 460 -17.9 25 Ablynx 675 Biotechnology (4573) 7310 10.75 -4.5 28 80.4 233 13.7 38.3 72.3 -84.7 -140.0 46.1 54.9 281 27.9 26 Prayon 677 Chemicals (135) 2466 10.69 21.1 17.4 545 -38.0 -0.5 1,473 1.2 2.0 2.0 1.0 -3.7 10.6 7.3 6.1 27 Picanol 680 Industrial machinery (2757) 2924 10.63 451.5 108.7 250 -11.5 -15.2 2,112 -8.6 -3.3 4.2 0.7 -11.3 -8.2 5.0 0.8 105 28 CNP 683 Other financials (877) 6523 10.56 -18.1 -6.3 12,641 -18.3 -2.1 12,089 -30.3 -9.0 0.1 0.1 4.3 -2.7 0.9 0.7 3,485 -4.2 29 OncoMethylome Sciences 728 Biotechnology (4573) 7310 9.29 10.9 9.0 1 -26.5 -15.0 66 1.5 5.6 901.2 597.1 -1,575.9 -922.8 140.8 128.9 22 -71.8 30 Elia System Operator 729 Electricity (753) 4011 9.20 1.1 734 -0.7 1.0 1,205 -0.7 -0.3 1.3 1.2 31.1 32.9 7.6 7.5 1,423 31 RHJ International 774 Other financials (877) 6523 8.11 -58.9 -43.1 1,556 -53.5 -24.3 12,750 -29.5 -19.7 0.5 0.6 22.1 -33.4 0.6 1.1 484 11.4 32 Etex 799 Construction & materials (235) 2682 7.58 -9.0 57.4 1,797 -13.6 -1.2 13,512 -7.7 1.9 0.4 0.4 6.9 8.9 0.6 0.6 33 TiGenix 810 Biotechnology (4573) 7310 7.32 -20.6 11.8 0 -47.7 94 20.5 28.8 15,906.5 -33,328.3 77.8 118.2 55 -48.4 34 Vandemoortele 859 Food producers (357) 1589 6.33 7.7 1,228 26.3 12.7 5,855 69.3 27.1 0.5 0.6 2.8 3.9 1.1 1.7 35 Taminco 868 Chemicals (135) 2466 6.08 41.1 587 -15.2 780 0.0 1.0 0.6 13.5 8.3 7.8 5.5 36 IRIS 880 Software (9537) 7221 5.90 1.3 5.9 103 -5.9 8.0 494 4.7 16.4 5.7 5.3 4.3 7.0 11.9 12.3 57 -37.4 37 Arseus 890 Health care equipment & services (453) 3663 5.81 3.7 391 10.4 1,764 2.7 1.5 1.6 7.6 8.4 3.3 3.3 261 11.0 38 Sioen Industries 958 Personal goods (376) 1824 4.84 -12.8 -9.2 264 -24.3 -8.0 4,237 -9.4 -3.3 1.8 1.6 -2.4 4.5 1.1 1.2 87 -12.0 39 Deceuninck 976 Construction & materials (235) 2682 4.66 32.6 -3.0 506 -19.6 -8.6 2,816 0.1 -1.2 0.9 0.6 -2.5 -3.8 1.7 1.3 180 210.8 40 Jensen 981 Industrial machinery (2757) 2924 4.60 -9.8 3.1 175 -21.5 -8.2 976 -10.6 0.6 2.6 2.3 6.2 8.5 4.7 4.7 54 16.7 4.59 -58.0 501 -5.0 -0.9 0 0.9 0.0 7.7 12.8 394 Bulgaria number of companies for calculation 1 0 1 1 1 1 0 0 0 1 1 1 1 0 0 1 0 1 Bulgarian Telecommunication 982 Fixed line telecommunications (653) 6420 4.59 -58.0 501 -5.0 -0.9 0.9 0.0 7.7 12.8 394 27.65 39.8 -16.1 8,687 6.5 7.3 39,583 9.8 0.1 0.3 0.2 35.4 37.7 0.7 0.5 22,118 -19.0 Czech Republic number of companies for calculation 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 1 Cez 475 Electricity (753) 4011 20.64 91.9 17.4 7,436 8.1 7.2 30,768 13.0 -0.4 0.3 0.2 34.5 35.7 0.7 0.4 16,612 -19.0 2 Komercni banka 822 Banks (835) 6511 7.01 -22.3 -41.0 1,251 -2.0 7.9 8,815 0.1 2.2 0.6 0.7 40.5 48.2 0.8 1.0 5,505 3,707.23 1.8 11.1 84,371 2.6 7.6 326,673 -1.1 6.5 4.4 4.4 10.0 9.5 11.3 11.0 93,051 10.1 Denmark number of companies for calculation 46 46 44 46 46 45 46 46 45 46 46 46 46 46 46 32 29 1 Novo Nordisk 27 Pharmaceuticals (4577) 2441 1,001.06 0.6 7.2 6,864 12.1 9.7 27,985 7.3 7.4 14.6 16.3 29.1 26.9 35.8 38.2 29,505 35.6 2 Lundbeck 60 Pharmaceuticals (4577) 2441 396.18 32.0 14.6 1,847 21.9 14.2 5,526 6.1 2.6 21.4 19.8 20.9 20.6 71.7 57.6 2,083 -25.6 3 Danske Bank 66 Banks (835) 6511 324.95 -5.0 6.2 12,075 48.8 13.5 22,794 -4.0 5.8 2.7 4.2 5.3 3.7 14.3 14.4 10,674 -7.4 4 Vestas Wind Systems 83 Alternative energy (58) 2956 239.00 7.2 42.3 6,636 10.0 19.9 20,832 16.2 22.5 3.6 3.7 13.0 11.1 11.5 12.4 7,487 -29.9

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R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %764.45 6.6 13.6 77,462 -15.9 2.8 345,283 -0.6 6.2 1.0 0.8 3.0 4.8 2.2 2.1 27,343 -4.0

Austria number of companies for calculation 31 31 28 31 31 30 31 31 30 31 31 31 31 31 31 26 25

1 voestalpine 164 Industrial metals & mining (175) 2710 108.80 -2.9 18.1 8,550 -27.1 5.5 41,646 -4.3 18.9 1.3 1.0 4.1 8.7 2.6 2.6 3,598 5.4

2 Borealis 193 Chemicals (135) 2466 88.00 6.0 25.1 4,714 -29.6 -6.4 5,215 -3.2 4.3 1.9 1.2 0.9 4.3 16.9 15.4

3 Intercell 238 Biotechnology (4573) 7310 66.29 44.3 33.1 62 10.6 42.0 403 23.6 33.6 107.5 82.4 -52.7 -32.6 164.5 140.9 671 -44.2

4 Andritz 286 Industrial machinery (2757) 2924 49.25 -3.9 11.6 3,198 -11.4 5.7 13,049 -4.8 8.5 1.5 1.4 4.6 6.0 3.8 3.7 2,225 26.8

5 Zumtobel 289 Electronic equipment (2737) 3210 48.66 11.5 11.9 1,117 -4.8 -3.5 6,989 -7.5 -1.7 4.4 3.7 -4.3 3.1 7.0 5.8 555 42.1

6 Telekom Austria 295 Fixed line telecommunications (653) 6420 48.11 5.5 3.3 4,802 -7.1 0.3 16,784 -4.6 2.7 1.0 0.9 7.0 2.4 2.9 2.6 3,722 -24.3

7 Novomatic 341 Travel & leisure (575) 9271 37.21 34.4 21.3 1,229 -4.1 17.7 10,331 16.5 33.2 3.0 2.2 12.3 27.0 3.6 3.1

8 KTM Power Sports 362 Automobiles & parts (335) 3410 33.02 -28.5 13.5 455 -24.9 -3.4 1,857 -5.4 4.6 7.3 7.6 -15.7 3.3 17.8 23.5 168 17.6

9 Austria Technologie & Systemtechnik 474 Electrical components & equipment (2733) 3162 20.68 140.8 99.2 372 -17.3 -7.3 5,616 -11.1 1.6 5.6 1.9 -7.5 -0.4 3.7 1.4 260 147.0

10 RHI 484 Industrial machinery (2757) 2924 20.10 -8.2 0.7 1,237 -23.0 -5.0 7,272 -6.5 -6.0 1.6 1.4 4.7 9.1 2.8 2.8 777 20.3

11 austriamicrosystems 485 Semiconductors (9576) 3210 19.98 -22.0 -16.6 137 -25.7 -11.3 1,087 -3.7 3.4 14.6 13.9 -18.8 9.7 18.4 22.7 256 117.2

12 bwin Interactive Entertainment 486 Travel & leisure (575) 9271 19.88 116.8 70.5 356 7.2 6.8 1,490 11.3 29.4 5.6 2.8 13.5 -4.4 13.3 6.8 1,225 39.2

13 A-Tec Industries 494 Industrial machinery (2757) 2924 19.15 -5.1 -3.2 3,009 -9.3 22.5 12,312 -4.8 9.6 0.6 0.6 4.9 0.3 1.6 1.6 164 -39.6

14 B&C Industrieholding 500 Other financials (877) 6523 18.80 2.7 2,079 2.9 9.9 13,775 0.7 5.5 0.9 0.9 9.7 11.6 1.4 1.3

15 Miba 503 Automobiles & parts (335) 3430 18.70 -2.1 0.4 312 -16.8 -5.3 2,613 -8.5 -2.9 6.0 5.1 4.3 8.5 7.2 6.7 100 42.6

16 Kapsch TrafficCom 524 Support services (279) 7487 17.50 23.1 18.6 216 7.9 1.6 973 8.4 10.2 8.1 7.1 18.4 13.3 18.0 15.8 352 25.3

17 Constantia Packaging 579 General industrials (272) 2682 14.60 -0.2 32.1 1,704 -18.1 17.3 7,828 -5.0 8.4 0.9 0.7 8.2 8.5 1.9 1.8 731 44.1

18 OMV 582 Oil & gas producers (53) 1110 14.44 5.8 2.9 17,917 -29.9 -2.0 37,485 -9.1 -6.0 0.1 0.1 8.0 9.5 0.4 0.3 6,981 -14.5

19 AGRANA 608 Food producers (357) 1589 13.35 6.8 3.2 1,989 -1.8 1.3 7,927 -3.8 -1.2 0.7 0.6 4.4 1.5 1.7 1.5 907 0.6

20 Palfinger 631 Industrial machinery (2757) 2924 12.47 22.8 0.4 505 -36.4 -4.8 4,517 -2.4 9.5 2.5 1.3 -0.9 9.2 2.8 2.2 547 8.7

21 Rosenbauer International 729 Commercial vehicles & trucks (2753) 3550 9.20 35.3 7.5 542 8.3 13.4 1,895 10.0 9.3 1.7 1.4 5.3 7.3 4.9 3.9 195 0.7

22 UNIQA 735 Nonlife insurance (853) 6601 9.04 64.0 143.8 5,536 12.7 2.5 15,107 10.5 12.0 0.2 0.1 1.5 1.8 0.6 0.4 1,728 -3.7

23 FACC 757 Aerospace & defence (271) 3530 8.59 -33.8 265 5.3 1,620 8.9 3.2 5.1 -10.9 -3.1 5.3 8.7

24 Fabasoft 803 Software (9537) 7221 7.48 -4.1 0.3 23 16.3 3.2 186 -5.1 -5.3 32.1 38.9 9.8 -12.4 40.2 39.8 22 10.3

25 Wolford 840 Personal goods (376) 1824 6.67 -13.2 -4.7 144 -2.2 0.6 1,484 -10.2 0.0 4.6 5.2 2.8 0.9 4.5 4.7 82 76.1

26 BWT 849 Gas, water & multiutilities (757) 4100 6.50 16.1 8.4 401 -2.3 3.4 2,433 1.9 4.6 1.6 1.4 7.1 7.0 2.7 2.3 298 -0.5

27 Sanochemia Pharmazeutika 856 Pharmaceuticals (4577) 2441 6.39 44.6 -9.7 30 0.0 -0.9 190 2.7 1.6 21.6 15.0 -18.5 -5.4 33.6 23.9 24 9.7

28 update software 860 Software (9537) 7221 6.28 -7.8 15.8 31 -14.5 10.3 288 1.1 18.7 20.0 18.6 -6.3 11.7 21.8 23.9 22 -20.5

29 Osterreichische Bundesbahnen 891 Travel & leisure (575) 6330 5.80 3.6 -32.3 3,798 -5.4 2.4 45,973 6.7 1.2 0.2 0.1 -25.9 -28.6 0.1 0.1

30 Strabag 944 Construction & materials (235) 4521 5.00 0.0 12,552 2.7 10.0 75,548 3.5 12.6 0.0 0.0 2.1 1.9 0.1 0.1 1,708

31 Bene 985 Household goods & home construction (372) 3614 4.54 -23.8 31.9 179 -32.4 -3.3 1,390 -6.6 3.7 2.5 2.2 -8.0 4.2 3.3 4.0 26 -27.5

2,377.79 -5.2 3.3 116,042 1.9 -0.5 539,473 0.3 1.7 2.0 2.2 9.4 -0.4 4.4 4.7 114,788 13.9

Belgium number of companies for calculation 40 40 33 40 39 35 40 40 35 40 39 40 39 40 40 34 31

1 UCB 37 Pharmaceuticals (4577) 2441 674.00 -12.1 3.1 3,116 -13.5 7.3 9,324 -17.4 3.2 21.6 21.3 11.0 3.1 72.3 67.9 3,779 -12.9

2 Solvay 46 Chemicals (135) 2466 566.00 -2.1 -0.5 8,485 -10.6 -3.4 28,204 -4.2 -1.2 6.7 6.1 9.1 5.9 20.1 19.6 5,398 -8.2

3 Agfa-Gevaert 116 Electronic equipment (2737) 3210 151.00 -15.6 -9.2 2,755 -9.1 -6.8 11,508 -7.8 -6.7 5.5 5.9 6.0 -1.5 13.1 14.3 489 19.2

4 Umicore 138 Chemicals (135) 2466 135.70 -19.1 9.7 6,952 -24.2 -7.6 9,713 -2.6 -2.8 2.0 1.8 2.0 2.6 14.0 16.8 2,923 29.1

5 Anheuser-Busch Inbev 161 Beverages (353) 1596 110.82 113.1 86.8 25,618 59.1 24.4 116,489 28.1 10.8 0.4 0.3 27.9 21.9 1.0 0.6 59,822 38.8

6 Dexia 202 Banks (835) 6511 85.00 -6.6 6.2 6,124 72.2 -4.4 27,280 -2.9 8.3 1.4 2.6 22.9 -109.0 3.1 3.2 5,659 -47.5

7 KBC 217 Banks (835) 6511 76.00 -29.0 -0.9 5,310 10.0 -24.9 56,939 -3.7 4.3 1.4 2.2 -52.4 -62.3 1.3 1.8 10,666 24.9

8 Bekaert 247 Industrial metals & mining (175) 2710 63.43 -7.4 8.6 2,437 -8.5 6.6 18,103 6.7 12.5 2.6 2.6 10.9 10.0 3.5 4.0 2,857 58.9

9 Barco 254 Electronic equipment (2737) 3210 61.19 -21.5 -8.3 639 -18.0 -5.3 3,310 -9.2 -7.7 9.6 10.0 -11.5 -2.8 18.5 21.4 421 -1.3

10 Belgacom 280 Fixed line telecommunications (653) 6420 53.00 29.3 8.9 5,922 0.2 -1.0 16,878 -3.4 -2.4 0.9 0.7 21.2 19.5 3.1 2.3 8,146 -3.2

11 Delhaize 347 Food & drug retailers (533) 5227 35.00 -2.8 19.1 19,952 4.8 0.7 138,119 -2.0 -1.0 0.2 0.2 4.7 4.7 0.3 0.3 4,663 1.7

12 Ion Beam Applications 388 Health care equipment & services (453) 3310 29.74 9.1 42.6 359 8.0 28.2 1,988 -3.8 23.5 8.3 8.2 -1.1 3.9 15.0 13.2 187 4.3

13 Punch International 396 Industrial machinery (2757) 2924 28.49 55.9 191.0 342 3.0 13.9 1,885 -18.0 -19.0 8.3 5.5 13.9 8.6 15.1 7.9 29 28.1

14 ThromboGenics 408 Biotechnology (4573) 7310 26.53 74.0 34.6 4 -86.2 9.1 48 14.3 8.1 629.7 50.1 -376.3 33.1 552.7 363.1 402 30.2

15 Option 408 Telecommunications equipment (9578) 3220 26.53 -28.4 12.6 147 -45.1 -19.3 537 -18.1 3.4 18.0 13.8 -36.9 -10.9 49.4 56.5 38 -53.8

16 Melexis 468 Semiconductors (9576) 3210 21.03 -11.7 0.8 129 -30.5 -13.8 695 -10.0 0.0 16.3 12.8 -4.2 13.0 30.3 30.8 381 52.9

17 Aliaxis 536 Construction & materials (235) 2682 16.50 -12.5 -6.0 1,921 -15.8 -3.2 14,842 -7.8 7.3 0.9 0.8 6.2 8.2 1.1 1.2

18 Hansen Transmissions International 571 Alternative energy (58) 2956 14.94 12.2 532 -12.6 2,193 -10.7 2.8 2.2 -1.2 9.2 6.8 5.4 488 -54.5

19 Recticel 584 Chemicals (135) 2466 14.19 -20.0 -8.3 1,277 -17.9 -4.7 9,264 -13.4 -4.5 1.1 1.1 2.3 2.6 1.5 1.7 180 27.7

20 Omega Pharma 590 Pharmaceuticals (4577) 2441 14.00 32.3 9.0 814 0.3 -6.8 1,945 -4.8 -13.5 1.7 1.3 12.1 12.6 7.2 5.2 693 23.6

21 Tessenderlo 593 Chemicals (135) 2466 13.90 -2.8 -20.8 2,094 -24.3 -2.2 7,961 1.1 -0.4 0.7 0.5 -7.3 7.6 1.7 1.8 566 -15.8

22 Metris (now Nikon Metrology) (now part of Nikon, Japan) 605 Electronic equipment (2737) 3210 13.45 48.4 87 -5.9 544 -18.6 15.4 9.8 -12.8 7.9 24.7 13.6

23 SABCA 626 Aerospace & defence (271) 3530 12.69 337.8 37.0 143 7.4 3.9 1,000 2.8 0.7 8.9 2.2 10.3 7.2 12.7 3.0 49

24 EVS Broadcast Equipment 638 Electronic equipment (2737) 3210 12.34 21.5 30.9 77 -30.8 -3.8 248 14.8 17.7 16.1 9.2 46.5 59.7 49.8 47.0 460 -17.9

25 Ablynx 675 Biotechnology (4573) 7310 10.75 -4.5 28 80.4 233 13.7 38.3 72.3 -84.7 -140.0 46.1 54.9 281 27.9

26 Prayon 677 Chemicals (135) 2466 10.69 21.1 17.4 545 -38.0 -0.5 1,473 1.2 2.0 2.0 1.0 -3.7 10.6 7.3 6.1

27 Picanol 680 Industrial machinery (2757) 2924 10.63 451.5 108.7 250 -11.5 -15.2 2,112 -8.6 -3.3 4.2 0.7 -11.3 -8.2 5.0 0.8 105

28 CNP 683 Other financials (877) 6523 10.56 -18.1 -6.3 12,641 -18.3 -2.1 12,089 -30.3 -9.0 0.1 0.1 4.3 -2.7 0.9 0.7 3,485 -4.2

29 OncoMethylome Sciences 728 Biotechnology (4573) 7310 9.29 10.9 9.0 1 -26.5 -15.0 66 1.5 5.6 901.2 597.1 -1,575.9 -922.8 140.8 128.9 22 -71.8

30 Elia System Operator 729 Electricity (753) 4011 9.20 1.1 734 -0.7 1.0 1,205 -0.7 -0.3 1.3 1.2 31.1 32.9 7.6 7.5 1,423

31 RHJ International 774 Other financials (877) 6523 8.11 -58.9 -43.1 1,556 -53.5 -24.3 12,750 -29.5 -19.7 0.5 0.6 22.1 -33.4 0.6 1.1 484 11.4

32 Etex 799 Construction & materials (235) 2682 7.58 -9.0 57.4 1,797 -13.6 -1.2 13,512 -7.7 1.9 0.4 0.4 6.9 8.9 0.6 0.6

33 TiGenix 810 Biotechnology (4573) 7310 7.32 -20.6 11.8 0 -47.7 94 20.5 28.8 15,906.5 -33,328.3 77.8 118.2 55 -48.4

34 Vandemoortele 859 Food producers (357) 1589 6.33 7.7 1,228 26.3 12.7 5,855 69.3 27.1 0.5 0.6 2.8 3.9 1.1 1.7

35 Taminco 868 Chemicals (135) 2466 6.08 41.1 587 -15.2 780 0.0 1.0 0.6 13.5 8.3 7.8 5.5

36 IRIS 880 Software (9537) 7221 5.90 1.3 5.9 103 -5.9 8.0 494 4.7 16.4 5.7 5.3 4.3 7.0 11.9 12.3 57 -37.4

37 Arseus 890 Health care equipment & services (453) 3663 5.81 3.7 391 10.4 1,764 2.7 1.5 1.6 7.6 8.4 3.3 3.3 261 11.0

38 Sioen Industries 958 Personal goods (376) 1824 4.84 -12.8 -9.2 264 -24.3 -8.0 4,237 -9.4 -3.3 1.8 1.6 -2.4 4.5 1.1 1.2 87 -12.0

39 Deceuninck 976 Construction & materials (235) 2682 4.66 32.6 -3.0 506 -19.6 -8.6 2,816 0.1 -1.2 0.9 0.6 -2.5 -3.8 1.7 1.3 180 210.8

40 Jensen 981 Industrial machinery (2757) 2924 4.60 -9.8 3.1 175 -21.5 -8.2 976 -10.6 0.6 2.6 2.3 6.2 8.5 4.7 4.7 54 16.7

4.59 -58.0 501 -5.0 -0.9 0 0.9 0.0 7.7 12.8 394

Bulgaria number of companies for calculation 1 0 1 1 1 1 0 0 0 1 1 1 1 0 0 1 0

1 Bulgarian Telecommunication 982 Fixed line telecommunications (653) 6420 4.59 -58.0 501 -5.0 -0.9 0.9 0.0 7.7 12.8 394

27.65 39.8 -16.1 8,687 6.5 7.3 39,583 9.8 0.1 0.3 0.2 35.4 37.7 0.7 0.5 22,118 -19.0

Czech Republic number of companies for calculation 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1

1 Cez 475 Electricity (753) 4011 20.64 91.9 17.4 7,436 8.1 7.2 30,768 13.0 -0.4 0.3 0.2 34.5 35.7 0.7 0.4 16,612 -19.0

2 Komercni banka 822 Banks (835) 6511 7.01 -22.3 -41.0 1,251 -2.0 7.9 8,815 0.1 2.2 0.6 0.7 40.5 48.2 0.8 1.0 5,505

R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %3,707.23 1.8 11.1 84,371 2.6 7.6 326,673 -1.1 6.5 4.4 4.4 10.0 9.5 11.3 11.0 93,051 10.1

Denmark number of companies for calculation 46 46 44 46 46 45 46 46 45 46 46 46 46 46 46 32 29

1 Novo Nordisk 27 Pharmaceuticals (4577) 2441 1,001.06 0.6 7.2 6,864 12.1 9.7 27,985 7.3 7.4 14.6 16.3 29.1 26.9 35.8 38.2 29,505 35.6

2 Lundbeck 60 Pharmaceuticals (4577) 2441 396.18 32.0 14.6 1,847 21.9 14.2 5,526 6.1 2.6 21.4 19.8 20.9 20.6 71.7 57.6 2,083 -25.6

3 Danske Bank 66 Banks (835) 6511 324.95 -5.0 6.2 12,075 48.8 13.5 22,794 -4.0 5.8 2.7 4.2 5.3 3.7 14.3 14.4 10,674 -7.4

4 Vestas Wind Systems 83 Alternative energy (58) 2956 239.00 7.2 42.3 6,636 10.0 19.9 20,832 16.2 22.5 3.6 3.7 13.0 11.1 11.5 12.4 7,487 -29.9

5 Danfoss 108 Industrial machinery (2757) 2924 165.03 3.5 18.4 3,447 -5.4 8.8 28,165 2.8 12.1 4.8 4.4 -7.7 1.6 5.9 5.8

6 Novozymes 130 Biotechnology (4573) 7310 142.45 6.5 10.1 1,135 3.7 7.5 5,217 4.5 6.9 12.5 12.2 19.5 18.3 27.3 26.8 4,522 37.4

7 DONG Energy 130 Oil & gas producers (53) 1110 142.45 -7.9 71.5 6,620 -18.9 11.4 5,820 8.8 25.5 2.2 1.9 6.0 12.2 24.5 28.9

8 Genmab 149 Biotechnology (4573) 7310 123.01 -35.7 22.4 84 -15.7 66.7 505 -10.6 28.7 145.7 190.9 -118.1 -116.8 243.6 338.4 351 -72.4

9 Danisco 163 Food producers (357) 1589 109.66 13.5 0.5 1,842 -26.0 -12.4 6,853 -23.7 -13.0 6.0 3.9 6.1 3.3 16.0 10.8 2,580 59.2

10 Grundfos 173 Industrial machinery (2757) 2924 104.07 -15.6 7.8 2,293 -10.3 3.5 16,767 -4.1 5.6 4.5 4.8 5.8 6.7 6.2 7.1

11 William Demant 226 Health care equipment & services (453) 3310 72.17 7.8 8.6 766 6.1 3.9 5,674 5.4 5.8 9.4 9.3 20.2 19.3 12.7 12.4 2,942 13.7

12 Bang & Olufsen 231 Leisure goods (374) 3230 69.83 -1.9 0.5 375 -31.8 -12.9 2,303 -9.4 -2.5 18.6 12.9 -17.7 4.5 30.3 28.0 240 -11.1

13 GN Store Nord 256 Telecommunications equipment (9578) 3220 60.34 -15.4 4.0 636 -15.9 -11.3 4,355 -9.0 -7.4 9.5 9.4 -0.5 0.6 13.9 14.9 1,015 45.3

14 Coloplast 288 Health care equipment & services (453) 3310 48.78 -6.0 15.3 1,185 4.2 6.0 7,349 -1.0 5.3 4.1 4.6 15.8 11.7 6.6 7.0 3,127 47.1

15 LEGO 300 Leisure goods (374) 3650 45.83 5.9 19.1 1,567 22.4 14.4 7,058 31.0 12.9 2.9 3.4 24.9 22.0 6.5 8.0

16 FLSmidth 313 Construction & materials (235) 2682 42.33 17.5 23.1 3,111 -8.6 22.7 10,664 -7.3 15.8 1.4 1.1 9.5 9.6 4.0 3.1 2,517 43.4

17 Simcorp 315 Software (9537) 7221 41.78 0.8 15.2 180 3.2 10.4 1,045 10.1 15.3 23.2 23.7 22.5 21.6 40.0 43.7 508 -15.2

18 NeuroSearch 320 Biotechnology (4573) 7310 40.65 14.8 23.4 11 26.7 8.4 235 -2.9 5.7 357.7 394.6 -436.2 -576.0 173.0 146.3 275 3.7

19 ALK-Abello 322 Pharmaceuticals (4577) 2441 40.32 4.9 -5.9 260 8.5 4.6 1,513 4.1 4.8 15.5 16.0 9.0 6.7 26.6 26.4 376 -24.6

20 NKT 334 Electrical components & equipment (2733) 3162 38.95 0.1 -0.8 1,571 -15.5 2.6 7,938 -7.8 9.7 2.5 2.1 3.4 5.7 4.9 4.5 764 8.8

21 Rockwool International 348 Construction & materials (235) 2682 34.94 23.8 11.4 1,501 -18.5 -1.1 8,045 -7.4 0.1 2.3 1.5 5.4 11.2 4.3 3.2 1,350 -0.5

22 Auriga Industries 364 Chemicals (135) 2466 32.69 1.2 11.5 731 -4.0 1.6 2,027 6.5 -10.7 4.5 4.2 0.1 9.0 16.1 17.0 199 -17.2

23 Dako 384 Biotechnology (4573) 7310 30.11 36.8 -2.7 237 7.5 0.0 1,036 -1.1 -7.9 12.7 10.0 10.4 8.3 29.1 21.0

24 Lifecycle Pharma 404 Biotechnology (4573) 7310 27.17 -23.3 16.0 0 -98.5 -36.6 93 -8.8 28.3 8,159.8 155.0 -11,281.1 -102.3 292.2 347.4 28 -60.0

25 LM Glasfiber (now LM Wind Power) 411 Alternative energy (58) 2956 26.37 5.4 27.9 777 -12.1 17.8 5,929 -5.0 23.2 3.4 2.8 6.7 10.3 4.4 4.0

26 Bavarian Nordic 413 Biotechnology (4573) 7310 26.23 315.3 21.6 10 -64.2 -24.7 340 25.9 14.8 261.0 22.5 -456.2 -100.4 77.1 23.4 321 7.7

27 CHR Hansen 429 Pharmaceuticals (4577) 2441 24.57 -7.2 514 -2.0 2,157 -8.9 4.8 5.0 20.7 18.6 11.4 11.2 1,649

28 Symphogen 449 Biotechnology (4573) 7310 23.01 11.5 24.0 5 -21.1 -7.7 79 -9.2 7.3 500.3 354.2 -557.4 -334.4 291.2 237.1

29 Topdanmark 458 Nonlife insurance (853) 6601 21.64 335.2 77.1 1,596 -8.6 -0.4 2,523 2.3 4.5 1.4 0.3 15.7 -0.2 8.6 2.0 1,434 -14.5

30 Santaris Pharma 490 Biotechnology (4573) 7310 19.54 -32.3 23.1 10 8.8 -9.1 77 -23.0 14.7 200.3 321.9 -136.3 -273.6 253.8 288.7

31 Thrane & Thrane 502 Telecommunications equipment (9578) 3220 18.74 -8.8 -4.8 141 -14.9 -2.1 607 -12.4 -4.5 13.3 12.4 10.9 9.9 30.9 29.7 123 6.7

32 TDC 504 Fixed line telecommunications (653) 6420 18.68 10.3 -41.1 5,104 -2.2 -7.1 13,042 -19.5 -12.7 0.4 0.3 16.9 15.7 1.4 1.0 5,098 5.3

33 Terma 510 Aerospace & defence (271) 7522 18.33 -8.7 39.0 150 5.3 3.5 1,261 6.6 9.3 12.2 14.1 0.2 7.0 14.5 17.0

34 DSV 569 Industrial transportation (277) 6024 15.05 143.5 69.5 4,849 -3.6 4.1 22,441 8.3 11.0 0.3 0.1 2.7 4.1 0.7 0.3 2,494

35 KMD 611 Computer services (9533) 7260 13.20 19.6 33.0 514 10.1 4.2 3,225 6.5 3.5 2.6 2.4 4.1 5.7 4.1 3.6

36 Schouw 611 General industrials (272) 7487 13.20 -7.1 9.5 1,196 -12.8 6.5 3,334 -10.9 -0.2 1.1 1.0 3.5 1.2 4.0 3.8 376 2.9

37 Solar 630 Electrical components & equipment (2733) 3162 12.50 166.0 1,431 -4.6 10.0 3,175 5.5 11.7 0.9 0.3 1.7 3.9 3.9 1.6 298 52.5

38 Carlsberg 637 Beverages (353) 1596 12.36 -4.2 -4.3 7,980 -0.9 13.1 43,271 -4.9 11.0 0.2 0.2 14.4 9.4 0.3 0.3 9,108 18.2

39 Nykredit Realkredit 639 Banks (835) 6511 12.23 59.6 -6.4 2,108 130.8 20.4 4,610 2.3 9.0 0.6 0.8 1.1 -13.0 2.7 1.7

40 TopoTarget 652 Biotechnology (4573) 7310 11.69 -74.9 0.6 6 0.2 -1.3 58 -46.8 -16.0 197.9 788.7 -304.6 -671.5 201.6 426.8 62 -21.2

41 Copenhagen Airports 673 Industrial transportation (277) 6340 10.81 55.8 63.2 393 -6.1 0.4 1,898 -3.0 3.9 2.8 1.7 36.3 38.2 5.7 3.5 1,326

42 Zealand Pharma 758 Biotechnology (4573) 7310 8.58 -22.8 -11.9 3 -55.0 101.8 69 1.5 3.6 252.1 146.9 -331.3 -79.6 124.3 163.3

43 VKR 768 Construction & materials (235) 2682 8.20 90.7 -0.5 2,087 -10.4 -2.4 14,322 -10.6 -1.3 0.4 0.2 9.5 5.5 0.6 0.3

44 Aalborg Industries 811 Industrial machinery (2757) 2924 7.26 115.1 176.0 371 -18.1 17.6 2,637 -4.6 11.4 2.0 0.7 15.7 12.8 2.8 1.2

45 Maconomy 852 Software (9537) 7221 6.49 -0.6 8.1 30 -4.8 7.0 211 -5.8 3.4 22.0 21.0 5.2 0.5 30.8 29.2 52 188.5

46 Ambu 958 Health care equipment & services (453) 3310 4.84 40.5 2.1 118 11.8 7.0 1,608 15.1 9.6 4.1 3.3 8.7 11.0 3.0 2.5 167 30.4

6,370.67 -6.0 8.5 134,121 -19.9 -3.9 508,746 -3.0 4.2 4.7 4.1 3.8 6.5 12.5 12.9 91,817 -2.8

Finland number of companies for calculation 56 56 54 56 56 55 56 56 55 56 56 56 56 56 56 44 42

1 Nokia 2 Telecommunications equipment (9578) 3220 4,997.00 -6.1 10.4 40,984 -19.2 -0.1 123,171 1.2 23.5 12.2 10.5 2.8 9.8 40.6 43.7 23,570 -32.6

2 Wartsila 120 Industrial machinery (2757) 2924 148.00 22.3 20.4 5,260 14.1 18.1 18,830 6.8 12.4 2.8 2.6 11.1 11.1 7.9 6.9 3,674 47.9

3 Metso 162 Industrial machinery (2757) 2924 110.00 -14.7 2.5 5,016 -21.6 0.4 27,813 -0.7 6.0 2.2 2.0 5.7 9.8 4.0 4.6 3,992 71.9

4 Orion Oyj 197 Pharmaceuticals (4577) 2441 87.10 -8.9 3.5 772 8.6 7.4 3,192 -2.4 1.3 11.3 13.5 26.8 26.0 27.3 29.2 1,924 13.5

5 Stora Enso 216 Forestry & paper (173) 2125 76.30 -4.9 -2.3 8,945 -22.6 -15.1 28,696 -17.5 -14.3 0.9 0.7 -7.1 -6.3 2.7 2.3 4,529 18.4

6 Kone 253 Industrial machinery (2757) 2924 62.00 6.3 7.2 4,744 3.1 9.6 34,276 1.0 5.3 1.3 1.3 12.1 12.2 1.8 1.7 6,864 25.6

7 Tieto 279 Computer services (9533) 7260 53.10 -8.3 -9.9 1,706 -8.5 -1.4 16,568 1.0 4.8 3.1 3.1 3.9 5.8 3.2 3.5 864 -0.8

8 Amer Sports 282 Leisure goods (374) 3663 50.40 -6.7 -4.8 1,533 -2.7 -5.1 6,362 1.2 -2.1 3.3 3.4 2.8 4.0 7.9 8.6 887 82.2

9 UPM-Kymmene 296 Forestry & paper (173) 2125 48.00 -2.0 2.9 7,719 -18.4 -8.3 23,618 -9.2 -8.7 0.6 0.5 4.4 2.1 2.0 1.9 5,203 23.1

10 Kemira 308 Chemicals (135) 2466 43.90 -33.9 -5.1 2,500 -11.7 -0.3 8,843 -11.2 -1.3 1.8 2.3 6.0 1.7 5.0 6.7 1,360 10.9

11 Cargotec 332 Industrial machinery (2757) 2924 39.00 -17.5 7.4 2,581 -24.1 -0.2 10,785 -8.4 10.4 1.5 1.4 0.0 5.1 3.6 4.0 1,340 65.8

12 Neste Oil Corportaion 342 Oil & gas producers (53) 1110 37.00 0.0 18.9 9,636 -35.9 -8.9 5,286 2.2 4.2 0.4 0.2 3.3 1.1 7.0 7.2 2,598 -2.2

13 Fortum 385 Electricity (753) 4011 30.00 11.1 20.8 5,435 -3.6 6.6 13,278 -5.7 14.2 0.6 0.5 32.6 35.5 2.3 1.9 14,636 -2.4

14 Rautaruukki 394 Industrial metals & mining (175) 2710 29.00 7.4 9.6 1,950 -49.4 -19.1 12,664 -15.3 -1.2 1.5 0.7 -17.1 14.6 2.3 1.8 1,835 -14.7

15 F-Secure 398 Computer services (9533) 7260 28.28 16.0 8.5 125 10.8 15.8 770 7.2 20.6 22.6 21.6 18.5 20.5 36.7 33.9 293 -22.9

16 Vaisala 402 Electronic equipment (2737) 3210 27.80 15.4 10.5 232 -4.4 1.6 1,302 10.6 6.8 12.0 9.9 5.2 15.7 21.4 20.5 253 -31.2

17 Pohjolan Voima 434 Electricity (753) 4011 24.00 8.1 12.8 988 7.5 3.6 1,141 1.2 3.4 2.4 2.4 -4.3 -1.8 21.0 19.7

18 Metsaliitto 434 Forestry & paper (173) 2125 24.00 -4.0 -9.0 4,837 -37.3 -19.5 15,230 -13.2 -19.2 0.5 0.3 -8.8 -5.7 1.6 1.4

19 Itella 457 Industrial transportation (277) 6412 21.70 -4.0 -7.7 1,820 -6.8 5.5 30,217 7.3 6.1 1.2 1.2 2.6 3.2 0.7 0.8

20 Ahlstrom 459 Chemicals (135) 2466 21.60 -9.2 -4.8 1,596 -11.4 -0.1 5,993 -7.9 1.8 1.4 1.3 -1.1 0.4 3.6 3.7 576 49.9

21 Konecranes 464 Industrial machinery (2757) 2924 21.30 16.4 19.4 1,671 -20.5 4.1 9,811 6.4 12.7 1.3 0.9 5.6 11.6 2.2 2.0 1,343 7.8

22 Teollisuuden Voima 466 Electricity (753) 4011 21.20 2.9 10.5 305 18.7 8.0 835 2.8 0.4 6.9 8.0 1.3 -14.2 25.4 25.4

23 Valio 514 Food producers (357) 1589 18.00 11.1 13.2 1,787 -3.1 3.3 4,410 0.8 1.9 1.0 0.9 2.2 -0.1 4.1 3.7

24 Outokumpu 514 Industrial metals & mining (175) 2710 18.00 -10.0 1.9 2,642 -54.0 -28.8 7,941 -7.1 -0.9 0.7 0.3 -17.6 -1.2 2.3 2.3 2,182 -15.0

25 Outotec 517 Industrial machinery (2757) 2924 17.90 -11.4 7.5 878 -27.9 5.8 2,612 5.2 12.7 2.0 1.7 6.5 9.8 6.9 8.1 1,134 38.0

26 Vacon 522 Electrical components & equipment (2733) 3162 17.56 3.3 11.8 272 -7.2 13.4 1,231 8.8 25.8 6.5 5.8 8.3 11.8 14.3 15.0 481 22.1

27 Huhtamaki 544 General industrials (272) 2682 16.30 3.2 -5.5 2,038 -9.8 -3.6 13,735 -8.7 -2.3 0.8 0.7 6.1 -3.5 1.2 1.1 833 -1.9

28 Uponor 560 Construction & materials (235) 2682 15.50 -16.7 -2.1 734 -23.4 -14.1 3,426 -18.6 -7.0 2.1 1.9 4.5 5.5 4.5 4.4 742 -2.3

29 YIT 564 Construction & materials (235) 4521 15.20 -20.0 -10.4 3,452 -12.4 1.7 24,497 -2.2 3.9 0.4 0.5 4.8 6.5 0.6 0.8 1,832 56.5

30 Basware 573 Software (9537) 7221 14.78 -4.7 12.2 93 7.6 15.6 747 8.4 13.3 16.0 18.0 12.8 10.0 19.8 22.5 194 60.3

31 Elektrobit 577 Electronic equipment (2737) 3210 14.71 -62.2 -16.1 154 -10.7 -8.4 1,589 -10.1 -4.9 9.6 22.6 -2.1 -26.5 9.3 22.0 127 45.6

32 Tecnomen Lifetree 580 Telecommunications equipment (9578) 3220 14.51 -6.1 6.0 53 -31.0 -9.5 665 85.8 19.8 27.2 20.0 -27.7 14.9 21.8 43.2 54 -27.4

R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %33 Tekla 586 Software (9537) 7221 14.17 -3.8 24.2 50 -15.0 0.2 456 6.0 12.1 28.3 25.0 13.0 23.3 31.1 34.3 164 27.0

34 Comptel 620 Software (9537) 7221 12.99 -6.3 5.8 75 -11.7 -2.4 613 1.2 3.0 17.3 16.3 1.4 13.6 21.2 22.9 83 9.2

35 Biotie Therapies 641 Biotechnology (4573) 7310 12.13 50.7 17.0 6 9.8 71.4 81 92.9 29.8 215.6 157.1 -331.5 -105.1 149.8 191.7 68 15.5

36 Nokian Tyres 645 Automobiles & parts (335) 2511 12.00 -4.0 10.1 799 -26.1 -1.5 3,503 -8.1 2.7 1.5 1.2 12.7 22.8 3.4 3.3 2,637 32.0

37 VTI Technologies 657 Electronic equipment (2737) 3210 11.55 -5.7 1.9 54 -20.8 -9.6 579 -21.3 -8.5 21.6 18.1 -28.5 -4.5 19.9 16.6

38 Patria 684 Aerospace & defence (271) 3530 10.50 -60.2 -40.0 540 0.9 6.4 3,414 21.5 11.7 1.9 4.9 3.7 1.5 3.1 9.4

39 Elisa 684 Mobile telecommunications (657) 6420 10.50 -3.7 20.5 1,430 -3.7 -2.0 3,216 9.2 -7.7 0.7 0.7 18.6 17.7 3.3 3.7 2,311 7.7

40 Dynea 696 Chemicals (135) 2466 10.20 -6.4 1.0 527 -40.0 -25.1 2,082 -8.8 -2.2 1.9 1.2 -8.7 0.6 4.9 4.8

41 Aldata Solution 716 Software (9537) 7221 9.66 4.7 -19.0 68 -3.6 -8.7 538 -0.4 -4.3 14.3 13.2 -7.0 5.1 18.0 17.1 34 14.0

42 Atria 723 Food producers (357) 1589 9.38 -5.3 8.0 1,316 -3.0 6.1 6,214 1.3 2.7 0.7 0.7 2.2 2.9 1.5 1.6 183 -15.2

43 Tikkurila 726 Chemicals (135) 2466 9.36 -10.0 530 -18.2 3,757 -6.7 1.8 1.6 9.0 8.9 2.5 2.6 649

44 HKScan 742 Food producers (357) 1589 8.90 -32.1 1.5 2,125 -7.4 31.5 7,429 0.1 18.9 0.4 0.6 2.5 1.6 1.2 1.8 336 15.0

45 Fiskars 742 Household goods & home construction (372) 3663 8.90 6.0 13.4 663 -4.9 7.4 3,867 -10.6 6.9 1.3 1.2 15.9 10.1 2.3 1.9 969 33.0

46 Glaston 751 Industrial machinery (2757) 2924 8.79 -25.8 16.0 152 -43.9 -17.4 1,344 -11.5 2.1 5.8 4.4 -36.5 -1.9 6.5 7.8 96 -2.1

47 GeoSentric 767 Telecommunications equipment (9578) 3220 8.21 100.9 25.4 2 -43.0 -29.0 120 27.7 13.5 329.6 93.5 -623.8 -273.3 68.4 43.5 24

48 KWH 834 General industrials (272) 7487 6.80 -6.8 467 -20.4 -4.9 2,696 -7.5 -0.8 1.5 1.2 2.6 4.7 2.5 2.5

49 Efore 846 Electronic equipment (2737) 3210 6.54 -12.9 10.4 64 -18.2 -10.9 565 -11.3 -10.6 10.2 9.6 -2.1 1.9 11.6 11.8 24 -31.4

50 Rocla (now part of Mitsubishi Caterpillar Forklift, The Netherlands) 849 Commercial vehicles & trucks (2753) 3550 6.50 44.4 2.9 127 1.8 9.6 604 19.6 11.2 5.1 3.6 1.6 3.9 10.8 8.9

51 Raisio 909 Food producers (357) 1589 5.60 -3.4 -20.6 409 -18.9 -2.5 627 -40.2 -23.5 1.4 1.2 5.7 4.8 8.9 5.5 423 23.4

52 PKC 916 Electronic equipment (2737) 3210 5.50 -5.2 3.9 202 -35.3 -4.1 4,478 -19.9 3.7 2.7 1.9 0.2 6.7 1.2 1.0 181 136.4

53 Larox 944 Industrial machinery (2757) 2924 5.00 -31.1 -9.8 150 -27.8 6.9 584 3.9 9.1 3.3 3.5 -1.4 8.1 8.6 12.9 60 28.4

54 Veikkaus 953 Travel & leisure (575) 9271 4.90 -2.0 -31.6 1,485 5.6 4.6 355 0.3 -1.6 0.3 0.4 31.3 31.3 13.8 14.1

55 Ponsse 965 Commercial vehicles & trucks (2753) 3550 4.75 -35.7 13.5 147 -49.9 -15.0 858 -17.8 2.6 3.2 2.5 -11.0 4.4 5.5 7.1 257 99.5

56 Nordkalk 971 Chemicals (135) 2466 4.70 -6.0 12.5 277 -19.6 -3.0 1,232 -11.7 -3.1 1.7 1.4 9.8 11.2 3.8 3.6

24,561.26 -4.3 2.1 1,028,557 -5.2 1.9 4,664,036 -1.2 3.0 2.4 2.4 7.3 8.8 5.3 5.6 652,008 -4.9

France number of companies for calculation 116 114 107 116 114 109 116 113 107 116 114 116 114 116 113 109 106

1 Sanofi-Aventis 3 Pharmaceuticals (4577) 2441 4,569.00 0.2 1.2 29,785 8.0 1.6 104,867 6.8 1.5 15.3 16.5 24.6 18.8 43.6 46.4 52,137 -12.2

2 Alcatel-Lucent 11 Telecommunications equipment (9578) 3220 2,714.00 -14.3 10.9 15,157 -10.8 1.8 78,373 0.8 -4.3 17.9 18.6 -5.8 -30.6 34.6 40.8 4,375 -20.0

3 Peugeot (PSA) 14 Automobiles & parts (335) 3410 2,314.00 -2.4 2.1 48,417 -10.9 -5.1 186,220 -7.7 -4.2 4.8 4.4 -2.8 -0.6 12.4 11.8 4,444 -6.6

4 Renault 19 Automobiles & parts (335) 3410 1,643.00 -26.5 -11.9 32,759 -10.2 -6.9 124,307 -5.1 -2.5 5.0 6.1 -7.6 0.4 13.2 17.1 8,714 -3.0

5 Vivendi 29 Media (555) 9220 874.00 21.2 33.3 27,132 6.9 10.6 48,284 9.1 9.3 3.2 2.8 12.4 11.9 18.1 16.3 19,882 -10.7

6 France Telecom 30 Fixed line telecommunications (653) 6420 862.00 -4.2 0.2 50,952 -4.7 -1.0 167,148 -8.6 -4.0 1.7 1.7 15.9 19.2 5.2 4.9 38,838 -14.7

7 Schneider 36 Electrical components & equipment (2733) 3162 675.00 -4.7 4.3 15,793 -13.8 4.8 116,065 -8.2 5.1 4.3 3.9 9.3 14.1 5.8 5.6 20,934 27.0

8 Thales 38 Aerospace & defence (271) 7522 663.70 16.6 8.7 12,731 0.5 7.4 64,285 1.6 7.2 5.2 4.5 -1.3 5.8 10.3 9.0 4,573 -22.2

9 TOTAL 39 Oil & gas producers (53) 1110 650.00 6.2 4.5 112,153 -30.0 -5.8 96,387 -0.6 0.5 0.6 0.4 14.5 15.6 6.7 6.3 81,449 -8.1

10 SAFRAN 41 Aerospace & defence (271) 3530 629.00 3.3 -9.9 10,599 -0.2 -0.7 55,248 -1.7 -1.4 5.9 5.7 4.3 0.3 11.4 10.8 7,241 46.1

11 Valeo 42 Automobiles & parts (335) 3430 620.00 -21.1 -7.7 7,499 -13.4 -9.1 52,110 1.8 -9.2 8.3 9.1 0.7 -0.8 11.9 15.4 1,825 26.7

12 ALSTOM 43 Industrial machinery (2757) 2924 613.00 -1.3 11.7 19,650 4.9 10.3 68,858 -3.7 1.1 3.1 3.3 8.5 8.1 8.9 8.7 10,634 -21.4

13 L'Oreal 44 Personal goods (376) 2451 609.20 4.8 4.6 17,473 -0.4 3.4 64,643 -4.5 2.0 3.5 3.3 13.2 14.6 9.4 8.6 41,746 16.4

14 Michelin 51 Automobiles & parts (335) 2511 506.00 1.4 -5.0 14,807 -9.8 -3.3 112,527 -6.3 -3.9 3.4 3.0 3.0 5.2 4.5 4.2 7,979 3.6

15 Electricite de France 53 Electricity (753) 4011 438.00 4.0 4.0 66,336 3.2 4.0 164,250 5.3 1.7 0.7 0.7 11.4 9.9 2.7 2.7 54,824 -12.5

16 AREVA 56 Electricity (753) 4011 414.00 -25.3 -3.9 14,003 6.4 8.8 79,444 5.3 9.1 3.0 4.2 2.2 4.1 5.2 7.3 411 -26.2

17 Saint-Gobain 61 Construction & materials (235) 2682 394.00 2.3 1.8 37,786 -13.7 -3.2 198,713 -4.5 -1.3 1.0 0.9 3.2 6.3 2.0 1.9 14,593 -3.8

18 UBIsoft Entertainment 65 Software (9537) 7221 334.13 13.3 13.9 871 -17.7 8.6 6,144 21.0 18.1 38.4 27.9 -14.4 7.0 54.4 58.1 590 -48.4

19 Dassault Systemes 70 Software (9537) 7221 302.50 -2.3 2.5 1,251 -6.3 2.6 7,834 -0.5 4.6 24.2 23.2 15.4 16.5 38.6 39.3 5,038 74.3

20 Societe Generale 77 Banks (835) 6511 251.00 -19.3 5.5 21,730 -0.6 -1.0 160,144 -0.2 11.6 1.2 1.4 3.7 18.3 1.6 1.9 28,766 -9.6

21 Dassault Aviation 81 Aerospace & defence (271) 3530 241.84 -11.3 -5.0 3,421 -8.7 1.2 12,215 -1.4 0.4 7.1 7.3 9.6 11.6 19.8 22.0 5,453 29.9

22 GDF SUEZ 87 Gas, water & multiutilities (757) 4013 218.00 71.7 37.4 79,908 17.6 42.5 242,714 3.4 69.0 0.3 0.2 9.7 8.9 0.9 0.5 51,746 -15.1

23 Danone 92 Food producers (357) 1589 206.00 4.0 17.8 14,982 -1.6 2.1 80,976 1.0 -2.8 1.4 1.3 13.7 15.8 2.5 2.5 24,657 5.2

24 L'Air Liquide 104 Chemicals (135) 2466 173.00 -9.6 3.9 11,976 -8.6 3.0 42,300 -1.6 4.7 1.4 1.5 16.5 14.8 4.1 4.5 21,158 12.1

25 Legrand 105 Electrical components & equipment (2733) 3162 171.60 -6.2 -0.8 3,578 -14.9 -1.4 29,628 -14.9 -1.2 4.8 4.4 14.6 15.3 5.8 5.3 5,872 28.6

26 Ipsen 110 Pharmaceuticals (4577) 2441 162.10 18.2 4.8 1,112 7.2 5.6 4,353 6.6 4.5 14.6 13.2 15.2 18.6 37.2 33.6 1,965 -26.9

27 Lafarge 114 Construction & materials (235) 2682 152.00 -5.0 15,884 -16.5 -5.0 68,765 -8.5 -6.0 1.0 0.8 13.4 16.4 2.2 2.1 9,780 -35.0

28 Essilor International 115 Health care equipment & services (453) 3663 151.22 4.6 5.8 3,268 6.3 6.7 32,835 6.3 6.4 4.6 4.7 17.8 17.6 4.6 4.7 9,101 16.0

29 Thomson (now Technicolor) 120 Electronic equipment (2737) 3210 148.00 -42.4 -23.5 4,098 -16.4 -15.2 20,818 -8.6 -11.1 3.6 5.2 1.1 -32.2 7.1 11.3 560 113.8

30 Bouygues 123 Construction & materials (235) 4521 147.00 5.8 5.3 31,353 -4.2 5.5 144,354 -2.3 5.3 0.5 0.4 7.0 7.3 1.0 0.9 10,244 -6.6

31 Veolia Environnement 127 Gas, water & multiutilities (757) 4100 146.20 43.9 24.8 34,961 -5.1 6.8 291,000 -2.3 3.8 0.4 0.3 5.1 5.2 0.5 0.3 8,859 -20.3

32 BioMerieux 129 Health care equipment & services (453) 3310 143.00 7.8 3.3 1,223 10.2 5.7 6,298 7.4 3.6 11.7 11.9 16.7 16.5 22.7 22.6 2,822 6.7

33 Zodiac Aerospace 135 Aerospace & defence (271) 3530 137.23 1.9 7.4 2,206 9.5 -1.9 16,860 -5.4 0.3 6.2 6.7 10.6 11.6 8.1 7.6 2,132 43.2

34 Arkema 137 Chemicals (135) 2466 136.00 -9.3 -6.8 4,444 -21.1 -8.8 13,803 -6.7 -6.8 3.1 2.7 -1.3 3.2 9.9 10.1 1,861 38.3

35 Vilmorin 148 Food producers (357) 501 123.20 12.2 40.3 1,002 11.7 26.3 5,236 18.6 20.1 12.3 12.2 8.3 12.9 23.5 24.9 1,109 19.4

36 SNCF 202 Industrial transportation (277) 6010 85.00 -11.5 8.8 24,882 -1.2 4.4 200,097 -0.6 -0.3 0.3 0.4 -3.5 4.4 0.4 0.5

37 Ingenico 206 Electronic equipment (2737) 3210 83.60 23.8 24.9 701 -3.8 11.4 2,830 12.9 28.8 11.9 9.3 6.9 7.9 29.5 26.9 854 17.8

38 CGGVeritas 215 Oil equipment, services & distribution (57) 1120 76.40 32.9 15.5 2,233 -14.2 18.9 7,500 -15.4 18.6 3.4 2.2 -7.2 20.5 10.2 6.5 1,883 -10.4

39 Rhodia 217 Chemicals (135) 2466 76.00 -7.3 -13.6 4,031 -18.9 -12.0 13,823 -3.7 -6.8 1.9 1.7 3.0 5.5 5.5 5.7 1,353 67.5

40 Burelle 224 Automobiles & parts (335) 3430 73.60 -34.4 -11.3 2,464 -10.2 -1.3 12,441 -5.1 -1.2 3.0 4.1 2.6 -0.5 5.9 8.6 269 113.3

41 Wendel 236 Other financials (877) 6523 66.70 3.4 22.4 4,964 -12.7 5.1 51,395 -4.0 7.8 1.3 1.1 -24.0 2.7 1.3 1.2 1,958 33.1

42 LFB 237 Pharmaceuticals (4577) 2441 66.57 352 1,531 18.9 5.1 43.5

43 Suez Environnement 243 Support services (279) 9001 65.00 33.2 12,296 -0.5 65,895 0.8 0.5 0.4 6.7 8.3 1.0 0.7 5,979 -1.9

44 Nexans 245 Electrical components & equipment (2733) 3162 64.00 1.6 5.2 5,045 -25.8 -12.3 22,716 -3.3 2.4 1.3 0.9 2.7 3.1 2.8 2.7 1,240 32.6

45 Gameloft 252 Software (9537) 7221 62.31 -11.8 14.8 122 10.5 21.3 4,153 3.5 16.4 51.1 64.0 3.4 -3.0 15.0 17.6 229 10.8

46 Groupe SEB 258 Household goods & home construction (372) 3663 59.00 19.9 13.9 3,176 -1.7 6.2 19,713 9.2 12.6 1.9 1.5 7.6 8.1 3.0 2.7 2,478 39.6

47 Technip 260 Oil equipment, services & distribution (57) 1120 58.50 30.3 18.8 6,456 -13.7 -2.3 22,949 0.9 1.3 0.9 0.6 6.7 9.2 2.5 2.0 4,887 8.3

48 Akka Technologies 265 Support services (279) 7487 56.22 114.9 87.1 333 -12.8 27.6 5,110 -1.8 30.1 16.9 6.9 5.0 4.8 11.0 5.0 130 11.3

49 Sopra 274 Computer services (9533) 7260 53.60 7.0 19.9 1,095 -3.0 6.9 12,610 4.4 9.5 4.9 4.4 5.7 8.8 4.3 4.1 585 49.7

50 Infogrames Entertainment (now Atari) 287 Software (9537) 7221 49.20 -0.2 -15.2 296 1.8 -8.9 679 22.3 -11.6 16.6 17.0 -67.8 -20.3 72.5 88.8 69 13.8

51 Neopost 297 Electronic office equipment (9574) 3001 47.80 0.2 -2.0 913 -0.5 -0.2 5,517 2.6 3.8 5.2 5.2 25.7 25.7 8.7 8.9 1,570 -11.1

52 Christian Dior 302 Personal goods (376) 1824 45.00 4.7 1.5 17,745 -1.0 3.5 73,148 0.7 7.0 0.3 0.2 17.8 19.3 0.6 0.6 13,355 16.7

53 NicOx 304 Pharmaceuticals (4577) 2441 44.90 -36.9 16.3 1 -66.7 -51.2 128 -3.8 12.9 4,012.1 2,117.3 -5,539.3 -2,356.1 350.7 535.2 139 -66.4

54 Somfy 321 Electrical components & equipment (2733) 3162 40.33 9.4 13.2 761 1.5 5.1 5,353 -0.9 8.6 5.3 4.9 13.6 16.3 7.5 6.8 1,073 1.3

55 Eramet 332 Industrial metals & mining (175) 2745 39.00 -32.8 3.7 2,689 -38.1 -4.2 14,465 -1.6 1.7 1.5 1.3 -9.9 28.6 2.7 3.9 4,869 -9.9

56 Cegedim 363 Computer services (9533) 7260 32.75 0.2 39.7 874 3.0 17.3 8,742 6.1 20.7 3.7 3.9 11.6 10.6 3.7 4.0 672 27.5

R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %57 Latecoere 371 Aerospace & defence (271) 3530 32.00 14.3 449 -34.3 3,830 -3.9 7.1 4.1 -23.0 4.7 8.4 7.0 45 8.5

58 Guerbet 386 Pharmaceuticals (4577) 2441 29.84 20.9 7.1 335 4.6 5.0 1,287 2.0 1.1 8.9 7.7 7.9 11.0 23.2 19.6 206 -35.4

59 CEGID 395 Software (9537) 7221 28.80 13.0 10.9 249 0.0 2.9 2,143 2.6 0.9 11.6 10.3 10.6 12.3 13.4 12.2 169 5.2

60 Accor 406 Travel & leisure (575) 5510 27.00 22.7 5.5 7,065 -8.7 -3.5 150,525 -4.8 -4.1 0.4 0.3 -0.6 11.0 0.2 0.1 4,713 -33.2

61 Parrot 415 Telecommunications equipment (9578) 3220 26.03 -3.6 18.4 168 -18.4 1.9 443 -5.7 10.7 15.4 13.1 4.4 7.5 58.8 57.4 169 55.8

62 CS Communication & Systemes 419 Computer services (9533) 7260 25.56 22.8 19.5 206 -7.3 -14.7 2,235 4.4 -11.2 12.4 9.4 -11.8 -2.2 11.4 9.7 36 -38.6

63 Nexter 426 Aerospace & defence (271) 7522 24.80 37.8 579 -1.4 2,525 4.3 3.1 11.7 12.0 9.8

64 BIC 432 Household goods & home construction (372) 3663 24.22 -13.7 -5.2 1,563 10.0 2.6 10,449 25.7 7.1 1.5 2.0 13.4 14.6 2.3 3.4 2,399 10.7

65 Saft 455 Electrical components & equipment (2733) 3162 22.00 4.3 -2.3 559 -8.2 -0.1 3,830 -4.3 -0.7 3.9 3.5 9.8 11.5 5.7 5.3 548 -2.4

66 Bull 469 Computer hardware (9572) 3002 21.00 -8.7 -23.0 1,110 -2.0 -1.1 7,707 -3.4 2.4 1.9 2.0 1.2 1.1 2.7 2.9 250 -1.1

67 Transgene 487 Biotechnology (4573) 7310 19.83 9.1 3.1 6 24.4 14.3 245 1.7 9.4 357.1 407.3 -604.5 -705.0 80.9 75.4 382 -2.3

68 MGI Coutier 489 Automobiles & parts (335) 3430 19.70 -6.6 -3.0 358 -14.7 -5.7 4,135 -1.6 -1.5 5.5 5.0 6.1 0.1 4.8 5.0 61 72.5

69 Unibel 520 Food producers (357) 1589 17.61 -4.6 6.9 2,221 0.2 7.7 11,526 -2.6 0.8 0.8 6.7 4.1 1.5 1.6 516 18.0

70 Manitou BF 525 Commercial vehicles & trucks (2753) 3550 17.42 -23.0 17.1 684 -46.5 -15.4 2,643 -20.4 3.2 2.5 1.8 -21.5 3.6 6.6 6.8 390 -4.6

71 Soitec 529 Semiconductors (9576) 3210 17.19 5.6 -13.1 209 -2.2 -17.5 981 -11.1 2.4 8.2 7.6 -16.2 -32.4 17.5 14.7 590 12.6

72 Sword 531 Computer services (9533) 7260 17.08 -1.4 40.2 181 -12.2 8.3 1,498 -9.4 9.0 9.5 8.4 17.6 17.5 11.4 10.5 213 13.3

73 Vetoquinol 535 Pharmaceuticals (4577) 2441 16.53 19.0 8.3 252 7.6 6.0 1,524 7.9 7.6 6.6 5.9 10.2 10.5 10.8 9.8 263 44.8

74 LISI 536 Industrial machinery (2757) 2924 16.50 6.5 10.3 695 -17.7 -2.1 6,596 -6.7 2.3 2.4 1.8 3.2 11.2 2.5 2.2 433 23.7

75 Actia 550 Electronic equipment (2737) 3210 15.84 -6.0 -1.7 224 -14.4 0.2 2,498 3.0 5.6 7.1 6.5 -1.7 3.3 6.3 7.0 29 -4.5

76 Fives 556 Industrial machinery (2757) 2924 15.64 2.7 9.7 1,283 -5.2 7.8 5,514 -2.9 6.7 1.2 1.1 0.5 4.3 2.8 2.7

77 Faiveley Transport 564 Commercial vehicles & trucks (2753) 3550 15.20 2.3 2.9 876 2.8 12.3 4,865 5.3 10.6 1.7 1.7 13.5 13.4 3.1 3.2 748 -11.0

78 Fimalac 564 Other financials (877) 6523 15.20 -14.8 -17.2 559 -4.7 -2.9 3,038 -2.3 4.2 2.7 3.0 18.1 15.9 5.0 5.7 818 -26.9

79 ESI 587 Software (9537) 7221 14.16 -1.8 -1.5 75 7.1 4.4 783 12.5 8.0 18.8 20.6 6.1 7.7 18.1 20.7 52 -5.1

80 Radiall 594 Telecommunications equipment (9578) 3220 13.88 0.8 1.9 160 -19.6 -8.9 1,735 -30.2 -9.2 8.7 6.9 -7.9 5.3 8.0 5.5 118 44.1

81 Sperian Protection 606 General industrials (272) 7487 13.42 -3.5 1.7 660 -12.1 -3.9 5,887 -6.3 -0.4 2.0 1.9 7.1 11.8 2.3 2.2 786 124.7

82 Tarkett 616 Construction & materials (235) 2682 13.00 -14.5 -2.7 2,069 -0.9 8.5 8,600 -3.2 7.4 0.6 0.7 1.9 6.6 1.5 1.7

83 Sequana 616 Forestry & paper (173) 2125 13.00 8.3 -13.4 4,200 -18.4 1.3 13,249 -14.9 -1.9 0.3 0.2 1.4 1.7 1.0 0.8 439 10.7

84 SNPE 645 Chemicals (135) 2466 12.00 0.0 -15.4 609 -4.9 -5.4 3,567 -3.2 -6.0 2.0 1.9 18.5 4.8 3.4 3.3

85 Flamel Technologies 647 Biotechnology (4573) 7310 11.86 -14.4 -11.8 29 9.1 22.3 302 6.3 -0.4 40.4 51.5 -43.4 -33.7 39.3 48.8 118 -19.1

86 Montupet 662 Automobiles & parts (335) 3430 11.32 33.0 79.1 261 -44.2 -17.1 3,720 8.1 1.3 4.3 1.8 -10.6 -2.3 3.0 2.5 59 16.4

87 Dynaction 684 Chemicals (135) 2466 10.50 -10.3 -5.6 153 -9.4 -5.1 941 -8.8 -3.6 6.9 6.9 -0.8 2.2 11.2 11.3 24 -2.9

88 Innate Pharma 688 Biotechnology (4573) 7310 10.38 71.6 35.4 3 -55.6 -18.9 80 -10.1 9.5 313.8 81.2 -602.3 -160.8 129.8 68.0 55 0.0

89 Infovista 713 Software (9537) 7221 9.72 -8.1 8.5 45 0.6 3.6 248 3.8 4.9 21.5 23.6 1.7 1.8 39.2 44.3 54 13.2

90 Vivalis 721 Biotechnology (4573) 7310 9.44 5.6 3 -9.4 72 24.1 305.0 261.6 -80.3 -115.1 131.1 154.1 117 -14.3

91 Lafuma 733 Personal goods (376) 1824 9.11 5.4 18.2 255 -2.8 1.6 2,180 -4.1 3.8 3.6 3.3 3.1 1.7 4.2 3.8 37 23.3

92 BioAlliance Pharma 737 Pharmaceuticals (4577) 2441 9.01 -31.1 8.7 8 -7.8 154.0 67 -27.2 119.5 159.9 -205.4 -283.7 134.4 142.1 69 20.7

93 Finatis 738 Food & drug retailers (533) 5227 9.00 -43.8 -31.5 29,055 -1.4 4.2 168,048 -5.8 3.2 0.0 0.1 4.0 3.8 0.1 0.1 295 -19.0

94 Rallye 738 Food & drug retailers (533) 5227 9.00 -43.8 -31.5 27,478 -6.7 2.3 168,047 3.2 0.0 0.1 4.5 3.7 0.1 1,002 12.4

95 Sodexo 738 Travel & leisure (575) 5530 9.00 50.0 65.1 14,681 7.9 4.7 379,749 7.0 4.6 0.1 0.0 5.2 5.1 0.0 0.0 6,447 11.2

96 Lectra 746 Software (9537) 7221 8.89 -15.7 -23.5 153 -22.7 -10.8 1,374 -9.5 -2.8 5.8 5.3 -7.9 -0.4 6.5 6.9 77 27.9

97 Manutan International 761 Support services (279) 5190 8.45 22.6 489 -2.7 7.8 1,491 8.8 8.5 1.7 1.4 5.1 10.1 5.7 5.0 288 -2.1

98 ExonHit Therapeutics 764 Biotechnology (4573) 7310 8.33 -10.0 17.7 5 16.2 -3.1 65 -3.0 14.8 170.2 219.8 -197.5 -270.8 128.1 138.1 71 -49.0

99 Financiere De L'odet 775 Other financials (877) 6523 8.10 -14.7 -35.0 6,071 -17.1 0.5 33,064 -2.9 2.6 0.1 0.1 3.0 -0.1 0.2 0.3 1,609 31.3

100 GFI Informatique 804 Computer services (9533) 7260 7.43 2.8 6.8 726 -5.4 4.7 8,906 -2.5 4.6 1.0 0.9 -8.6 4.0 0.8 0.8 128 -25.0

101 Genfit 808 Biotechnology (4573) 7310 7.35 -9.5 6 -33.7 116 -17.7 126.5 92.7 -111.4 -71.6 63.4 57.6 61

102 JC Decaux 849 Media (555) 9240 6.50 -25.3 -18.9 1,919 -11.5 -0.5 9,937 6.1 6.9 0.3 0.4 4.8 10.1 0.7 0.9 3,762 15.5

103 Cast 856 Software (9537) 7221 6.39 -1.5 2.6 27 -8.7 6.5 210 -2.3 0.3 23.3 21.5 9.4 5.5 30.4 30.2 13 -25.0

104 Global Graphics 862 Software (9537) 7221 6.21 -7.5 -4.7 9 -16.2 -18.1 120 0.8 -1.4 66.4 60.2 -14.3 -0.8 51.8 56.5 14 -28.6

105 Archos 865 Leisure goods (374) 3230 6.17 -5.4 7.7 58 -21.7 -22.5 159 -7.6 -10.0 10.7 8.8 -29.7 -34.9 38.8 37.9 60 38.7

106 AB Science 867 Biotechnology (4573) 7310 6.10 -0.7 0 62 29.2 609,900.0 -1,056,700.0 98.4 127.9 314

107 Cap Gemini 872 Computer services (9533) 7260 6.00 -12.6 8,371 -3.9 2.8 90,238 4.3 12.1 0.1 0.0 4.0 6.7 0.1 0.0 4,873

108 Haulotte 887 Commercial vehicles & trucks (2753) 3550 5.85 0.6 -2.1 202 -55.2 -27.0 1,613 -15.1 2.3 2.9 1.3 -31.4 4.4 3.6 3.1 199 -1.0

109 Cerep 903 Pharmaceuticals (4577) 2441 5.66 -16.5 -23.8 26 -18.3 -20.6 267 -7.9 -20.1 21.4 20.9 -7.0 -4.2 21.2 23.4 17 -44.2

110 METabolic EXplorer 918 Chemicals (135) 2466 5.48 62.5 37.5 2 -53.4 -25.4 104 10.6 37.5 365.5 104.8 -287.4 -76.1 52.7 35.9 108 -25.1

111 Ige+Xao 925 Software (9537) 7221 5.30 0.0 122.1 22 0.3 4.1 347 2.4 -0.8 23.8 23.9 15.5 13.0 15.3 15.6 30 -15.7

112 Evialis (now part of InVivo) ! 961 Food producers (357) 501 4.80 6.7 16.5 1,027 35.3 16.6 4,664 38.9 14.2 0.5 0.6 0.9 0.7 1.0 1.3

113 Itesoft 974 Software (9537) 7221 4.67 26.5 15.9 20 4.5 7.2 182 13.8 6.9 23.0 19.0 0.5 3.1 25.7 23.1 10 -25.0

114 Systar 977 Software (9537) 7221 4.64 7.5 -4.9 18 -8.5 4.6 136 -2.2 15.6 25.9 22.1 -2.1 5.2 34.1 31.1 26 2.8

115 CNP Assurances 997 Life insurance (857) 6601 4.40 -13.7 0.8 48,078 82.9 2.8 4,628 37.9 3.4 0.0 0.0 3.3 3.8 1.0 1.5 7,779 -15.8

116 Medasys 998 Software (9537) 7221 4.39 29.3 15.0 22 52.6 23.4 240 60.0 24.3 19.5 23.1 7.7 4.2 18.3 22.6 15 0.0

43,981.28 -3.2 3.1 1,435,339 -8.9 -1.8 5,836,721 -0.9 2.1 3.1 2.9 4.0 5.4 7.5 7.7 659,652 -1.2

Germany number of companies for calculation 206 205 194 206 205 199 206 205 198 206 205 206 205 206 205 162 152

1 Volkswagen 1 Automobiles & parts (335) 3410 5,790.00 -2.3 10.9 102,398 -7.7 -0.3 338,499 1.9 3.1 5.7 5.3 2.4 6.5 17.1 17.8 30,436 -50.6

2 Siemens 4 Electrical components & equipment (2733) 3162 4,282.00 1.9 4.6 76,666 -6.9 -5.2 413,650 -1.7 3.9 5.6 5.1 4.9 1.8 10.4 10.0 60,928 17.9

3 Daimler 5 Automobiles & parts (335) 3410 4,164.00 -6.2 -7.3 78,924 -17.7 -19.8 258,628 -5.7 -10.9 5.3 4.6 -0.3 2.8 16.1 16.2 36,913 9.3

4 Robert Bosch 7 Automobiles & parts (335) 3430 3,578.00 -8.6 1.7 38,174 -15.4 -4.4 274,530 -2.9 2.1 9.4 8.7 -3.0 3.2 13.0 13.8

5 Bayer 9 Chemicals (135) 2466 2,964.00 8.8 6.5 31,168 -5.3 -0.7 108,595 1.2 4.0 9.5 8.3 9.0 10.3 27.3 25.4 35,213 2.0

6 BMW 12 Automobiles & parts (335) 3410 2,448.00 -14.5 -8.6 47,802 -10.1 -0.8 96,207 -5.4 -0.3 5.1 5.4 0.5 1.6 25.4 28.2 23,753 17.7

7 Boehringer Ingelheim 15 Pharmaceuticals (4577) 2441 2,215.00 5.0 12.1 12,721 9.7 6.4 41,534 0.6 2.6 17.4 18.2 17.7 16.7 53.3 51.1

8 SAP 21 Software (9537) 7221 1,543.00 -5.2 5.9 10,672 -7.8 4.3 48,471 -6.1 8.4 14.5 14.1 23.8 22.8 31.8 31.5 37,998 -4.9

9 BASF 23 Chemicals (135) 2466 1,410.00 2.8 2.7 50,693 -18.6 -1.2 105,054 8.0 5.5 2.8 2.2 7.4 10.2 13.4 14.1 35,748 12.5

10 Continental 24 Automobiles & parts (335) 2511 1,405.30 -7.8 27.5 20,096 -17.1 10.5 133,416 -10.1 17.8 7.0 6.3 -5.3 -1.4 10.5 10.3 8,181 109.8

11 Merck 25 Pharmaceuticals (4577) 2441 1,344.60 8.9 22.5 7,747 2.5 7.4 32,850 2.7 3.3 17.4 16.3 7.8 9.6 40.9 38.6 3,893 -4.1

12 Porsche 35 Automobiles & parts (335) 3410 743.00 -17.4 18.3 6,565 -12.1 -3.4 12,788 6.5 4.2 11.3 12.0 -20.3 116.7 58.1 74.9 2,840 -32.4

13 ZF 45 Automobiles & parts (335) 3430 606.00 -9.6 1.2 9,371 -25.0 -7.0 60,480 -1.1 3.2 6.5 5.4 -4.2 6.1 10.0 11.0

14 Infineon Technologies 50 Semiconductors (9576) 3210 515.00 -30.2 -24.2 3,674 -39.8 -22.6 29,510 -30.5 -10.4 14.0 12.1 -17.9 -59.8 17.5 17.4 4,531 30.0

15 MAN 54 Commercial vehicles & trucks (2753) 3550 433.00 2.1 6.2 12,461 -24.9 -6.6 47,365 -2.9 -1.8 3.5 2.6 -1.7 9.7 9.1 8.7 8,716 23.2

16 Deutsche Telekom 55 Fixed line telecommunications (653) 6420 432.00 -29.6 -3.9 64,602 4.8 1.7 257,601 9.7 1.2 0.7 1.0 9.4 10.1 1.7 2.6 40,635 5.6

17 Henkel 58 Household goods & home construction (372) 3663 399.00 3.1 5.5 13,573 -3.9 2.1 51,361 -7.5 -0.2 2.9 2.7 8.0 6.1 7.8 7.0 13,613 27.7

18 Hella 63 Automobiles & parts (335) 3430 347.48 -2.6 6.8 3,285 -16.6 -1.1 22,847 -7.6 -2.1 10.6 9.1 1.8 6.2 15.2 14.4

19 Evonik Industries 72 General industrials (272) 7487 296.00 -3.0 -0.8 13,076 -19.3 -11.0 39,768 -5.0 -8.2 2.3 1.9 6.7 4.9 7.4 7.3

20 ThyssenKrupp 73 Industrial metals & mining (175) 2710 290.00 -10.8 6.2 40,563 -24.1 -4.9 192,619 -1.6 1.1 0.7 0.6 -4.7 6.2 1.5 1.7 10,582 -10.2

R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %21 Carl Zeiss 74 Health care equipment & services (453) 3310 284.00 -11.5 3.8 2,101 -23.1 -4.8 13,325 2.2 5.2 13.5 11.8 -6.9 9.7 21.3 24.6

22 BSH Bosch und Siemens Hausgerate 75 Household goods & home construction (372) 3663 271.00 3.4 4.9 8,405 -4.0 0.4 39,683 -2.5 2.3 3.2 3.0 6.7 7.0 6.8 6.4

23 MAHLE 79 Automobiles & parts (335) 3430 246.47 -13.8 0.7 3,864 -22.9 -3.6 44,072 -9.8 5.5 6.4 5.7 -6.4 3.2 5.6 5.9

24 Fresenius 82 Health care equipment & services (453) 3310 240.00 15.9 12.8 14,164 14.8 9.5 127,903 7.8 8.7 1.7 1.7 14.5 13.1 1.9 1.7 8,223 48.2

25 RWE 88 Gas, water & multiutilities (757) 4013 214.00 1.9 16.6 46,617 -5.0 1.1 68,828 5.5 -1.8 0.5 0.4 16.2 13.5 3.1 3.2 26,456 -19.0

26 Behr 92 Automobiles & parts (335) 3430 206.00 -18.9 -3.5 2,468 -25.9 -8.2 17,071 -9.3 -2.8 8.3 7.6 -7.7 -0.2 12.1 13.5

27 Rheinmetall 95 Automobiles & parts (335) 3430 198.00 -0.5 5.4 3,420 -11.6 -2.0 20,115 1.0 2.1 5.8 5.1 0.5 6.0 9.8 10.0 1,580 11.8

28 Diehl Stiftung & Co KG 99 General industrials (272) 7487 179.80 14.2 4.0 2,129 -4.0 8.9 11,396 3.8 3.4 8.4 7.1 2.7 4.4 15.8 14.3

29 Voith 101 General industrials (272) 7487 177.96 1.2 10.1 5,083 3.0 10.8 41,488 0.3 7.1 3.5 3.6 4.3 5.7 4.3 4.2

30 Tognum 107 Industrial machinery (2757) 2924 167.80 16.5 10.8 2,529 -19.3 -6.4 8,905 2.6 8.1 6.6 4.6 6.6 11.6 18.8 16.6 1,797 28.5

31 Wacker-Chemie 109 Chemicals (135) 2466 164.00 0.5 2.5 3,719 -13.5 3.7 15,719 -0.5 2.3 4.4 3.8 0.6 14.7 10.4 10.3 5,807 28.6

32 Trumpf 112 General industrials (272) 7487 154.70 2.7 8.9 1,663 -22.5 0.3 8,183 6.1 8.7 9.3 7.0 3.5 14.2 18.9 19.5

33 Knorr-Bremse 113 Industrial machinery (2757) 2924 152.61 -10.9 2.7 2,761 -18.4 -4.0 14,272 -3.3 4.5 5.5 5.1 5.5 9.0 10.7 11.6

34 Maxingvest 117 General retailers (537) 5212 149.00 -1.3 7.8 8,906 -3.1 -0.5 32,532 -4.3 2.8 1.7 1.6 8.1 8.2 4.6 4.4

35 Freudenberg 118 General industrials (272) 7487 148.40 -7.5 -5.4 4,201 -16.8 -6.0 31,616 -5.8 -2.0 3.5 3.2 -4.4 6.1 4.7 4.8

36 B Braun Melsungen 124 Health care equipment & services (453) 3310 146.76 5.1 11.5 4,028 6.4 6.6 38,512 2.4 5.7 3.6 3.7 10.2 9.2 3.8 3.7

37 Dragerwerk 139 Health care equipment & services (453) 3310 135.09 0.0 4.6 1,911 -0.7 2.0 11,007 2.7 3.7 7.1 7.0 4.2 5.8 12.3 12.6 960 397.5

38 Commerzbank 144 Banks (835) 6511 128.00 481.8 10,948 69.5 7.9 63,267 61.2 22.4 1.2 0.3 -42.6 -6.7 2.0 0.6 7,186 2.1

39 Deutsche Bank 144 Banks (835) 6511 128.00 178.3 142.3 27,893 106.8 -0.5 79,098 -1.0 4.7 0.5 0.3 18.6 -42.6 1.6 0.6 29,185 3.5

40 Claas 147 Commercial vehicles & trucks (2753) 3550 124.80 9.7 7.9 2,901 -10.4 7.3 9,541 9.1 5.3 4.3 3.5 4.7 8.7 13.1 13.0

41 Heidelberger Druckmaschinen 150 Industrial machinery (2757) 2924 120.75 -35.1 -20.1 2,306 -23.1 -15.4 17,768 -9.0 -2.0 5.2 6.2 -6.9 -7.6 6.8 9.5 430 -4.8

42 ZF Lenksysteme 152 Automobiles & parts (335) 3430 117.90 0.2 8.5 2,197 -15.3 -2.2 10,031 -5.5 2.2 5.4 4.5 -4.4 1.6 11.8 11.1

43 Merz 154 Pharmaceuticals (4577) 2441 117.11 47.8 32.3 590 -3.4 7.5 1,745 -23.8 -3.1 19.9 13.0 23.0 20.3 67.1 34.6

44 MTU Aero Engines 158 Aerospace & defence (271) 3530 116.30 25.1 13.0 2,611 -4.2 2.6 7,618 4.9 2.8 4.5 3.4 9.3 9.1 15.3 12.8 2,055 43.7

45 Metro 168 General retailers (537) 5212 108.00 -19.4 -1.2 65,580 -5.2 3.1 296,292 -1.7 2.6 0.2 0.2 2.4 2.2 0.4 0.4 11,494 -5.8

46 Giesecke & Devrient 170 Support services (279) 7487 106.95 -4.5 11.6 1,684 -0.3 9.1 10,055 5.5 8.6 6.4 6.6 8.1 10.3 10.6 11.7

47 Wincor Nixdorf 174 Computer services (9533) 7260 103.25 -1.2 5.7 2,250 -2.9 4.9 9,447 5.1 8.3 4.6 4.5 7.7 8.3 10.9 11.6 1,383 15.3

48 Lanxess 176 Chemicals (135) 2466 101.00 4.1 5.1 5,057 -23.1 -10.0 14,472 -2.2 -4.2 2.0 1.5 2.7 5.0 7.0 6.6 2,834 57.9

49 Krones 181 Industrial machinery (2757) 2924 97.47 -16.3 -0.5 1,865 -21.7 -0.8 10,001 1.7 4.1 5.2 4.9 -2.3 6.6 9.7 11.8 1,190 16.0

50 Benteler 182 General industrials (272) 7487 95.80 -22.3 -3.6 4,564 -27.9 -6.6 23,146 -4.7 1.7 2.1 1.9 -0.7 3.2 4.1 5.1

51 Symrise 186 Chemicals (135) 2466 91.09 -3.0 5.2 1,362 3.2 3.5 5,116 -0.7 1.1 6.7 7.1 11.4 14.2 17.8 18.2 2,102 60.3

52 Deutsche Borse 190 Other financials (877) 6523 89.20 -14.7 -5.3 2,159 -19.8 5.0 3,549 6.3 6.5 4.1 3.9 29.2 55.7 25.1 31.3 8,899 -11.4

53 Linde 191 Chemicals (135) 2466 89.00 -14.4 -29.5 11,211 -11.5 -3.4 49,093 -4.5 -5.9 0.8 0.8 10.2 10.1 1.8 2.0 13,806 18.7

54 Deutsche Post 193 Industrial transportation (277) 6412 88.00 -31.8 -13.7 47,835 -27.2 -4.5 488,518 -4.5 -1.3 0.2 0.2 0.8 -2.3 0.2 0.3 14,386 7.2

55 adidas 200 Personal goods (376) 1824 86.00 6.2 -4.3 10,381 -3.9 1.0 39,071 8.1 14.0 0.8 0.8 4.9 9.6 2.2 2.2 7,804 28.3

56 DEUTZ 201 Industrial machinery (2757) 2924 85.80 16.9 8.9 863 -42.2 -16.6 4,287 -11.8 -6.9 9.9 4.9 -10.9 1.0 20.0 15.1 502 28.8

57 Korber 202 General industrials (272) 7487 85.00 -6.6 -3.6 1,612 -7.8 0.8 9,298 0.8 1.8 5.3 5.2 5.0 10.7 9.1 9.9

58 KWS SAAT 205 Food producers (357) 501 84.52 7.0 4.7 717 19.7 12.4 3,215 12.6 6.6 11.8 13.2 10.1 12.4 26.3 27.6 724 -10.9

59 EPCOS (now part of TDK, Japan) 207 Electronic equipment (2737) 3210 82.17 5.8 2.3 1,147 -22.4 -6.4 19,502 -8.0 2.8 7.2 5.3 -7.1 6.9 4.2 3.7

60 Software 207 Software (9537) 7221 82.17 7.8 22.4 847 17.6 20.6 6,170 73.2 33.0 9.7 10.6 25.7 25.1 13.3 21.4 2,196 40.7

61 E.ON 210 Gas, water & multiutilities (757) 4013 81.00 -20.6 44.2 81,909 -5.8 8.3 93,618 0.1 4.2 0.1 0.1 10.4 3.2 0.9 1.1 40,354 -26.0

62 Salzgitter 212 Industrial metals & mining (175) 2710 80.66 -15.6 11.4 7,818 -37.5 -2.5 23,770 -0.4 11.9 1.0 0.8 -5.4 8.1 3.4 4.0 2,712 -30.4

63 Eberspaecher 213 Automobiles & parts (335) 3430 79.20 -4.1 7.6 1,342 -40.1 -12.8 5,260 -5.7 -3.3 5.9 3.7 -3.5 3.7 15.1 14.8

64 Schott 219 Construction & materials (235) 2682 75.48 5.6 -11.0 2,270 1.7 0.4 17,709 3.5 2.0 3.3 3.2 -5.3 10.8 4.3 4.2

65 ALTANA 227 Chemicals (135) 2466 71.57 -0.7 -47.5 1,182 -11.9 -32.6 4,703 -0.5 -29.5 6.1 5.4 4.0 12.3 15.2 15.2 1,957 11.3

66 Leoni 239 Electrical components & equipment (2733) 3162 66.14 -24.0 13.3 2,160 -25.8 0.8 47,001 -10.4 11.3 3.1 3.0 -5.6 1.7 1.4 1.7 540 14.3

67 GEA 241 Industrial machinery (2757) 2924 65.59 11.0 11.1 4,411 -18.1 -6.9 20,963 0.6 4.1 1.5 1.1 5.8 7.7 3.1 2.8 2,688 23.7

68 Heraeus 250 Industrial metals & mining (175) 2745 62.80 35.6 16.8 16,220 1.9 10.3 12,340 -2.0 3.9 0.4 0.3 1.1 1.7 5.1 3.7

69 Arques Industries 255 Other financials (877) 6523 60.71 70.9 243.3 3,492 -36.6 65.7 9,417 -23.4 24.3 1.7 0.6 -4.5 -2.8 6.4 2.9 38 -28.9

70 Stada Arzneimittel 259 Pharmaceuticals (4577) 2441 58.65 -4.1 14.2 1,569 -4.7 8.0 8,064 -3.1 14.0 3.7 3.7 12.2 10.5 7.3 7.3 1,248 38.9

71 PUMA 261 Personal goods (376) 1824 58.10 5.4 0.8 2,461 -2.5 1.3 9,747 2.6 12.6 2.4 2.2 7.8 12.9 6.0 5.8 2,888 0.0

72 Sick 264 Electronic equipment (2737) 3210 56.31 -21.9 -0.5 597 -19.1 -2.6 4,995 -0.7 5.1 9.4 9.8 1.6 9.4 11.3 14.3

73 SMA Solar Technology 276 Alternative energy (58) 2956 53.47 61.5 934 37.1 3,412 35.8 5.7 4.9 24.4 24.6 15.7 13.2 2,638 39.1

74 Kontron 281 Computer hardware (9572) 3002 50.56 7.1 5.7 469 -5.6 5.0 2,457 -2.8 0.5 10.8 9.5 6.4 9.6 20.6 18.7 269 -41.2

75 HeidelbergCement 283 Construction & materials (235) 2682 50.10 -4.8 3.6 11,117 -22.7 6.4 56,723 -9.8 7.3 0.5 0.4 6.2 12.0 0.9 0.8 5,709 32.3

76 Biotest 290 Pharmaceuticals (4577) 2441 48.46 12.0 22.9 483 14.2 19.7 2,097 12.2 23.3 10.0 10.2 11.9 13.2 23.1 23.2 325 -37.0

77 Sud-Chemie 293 Chemicals (135) 2466 48.20 2.1 8.7 1,072 -10.0 1.3 6,306 5.0 7.4 4.5 4.0 8.8 9.7 7.6 7.9 1,126 28.6

78 Cognis 298 Chemicals (135) 2466 47.00 -16.1 -9.8 2,584 -34.2 -8.5 5,632 -4.9 -10.0 1.8 1.4 7.5 5.2 8.3 9.5

79 Koenig & Bauer 299 Industrial machinery (2757) 2924 46.70 -13.8 -9.6 1,050 -31.4 -15.5 7,327 -9.0 -4.0 4.4 3.5 0.1 -5.4 6.4 6.7 215 19.8

80 WestLB 302 Banks (835) 6511 45.00 25.0 85.9 2,051 29.4 -5.7 5,460 -12.2 -5.0 2.2 2.3 -24.1 2.6 8.2 5.8

81 Gildemeister 306 Industrial machinery (2757) 2924 44.35 -8.7 3.6 1,181 -38.0 -3.9 6,007 -4.2 3.9 3.8 2.6 2.7 8.3 7.4 7.7 415 7.2

82 Sartorius 311 Electronic equipment (2737) 3210 42.92 -9.8 4.4 602 -1.6 4.9 4,522 -2.2 7.0 7.1 7.8 3.5 7.9 9.5 10.3 323 45.6

83 Hugo Boss 312 Personal goods (376) 1824 42.59 -10.3 3.9 1,562 -7.4 1.5 9,086 -4.4 4.5 2.7 2.8 10.1 11.3 4.7 5.0 1,928 31.4

84 ADVA 317 Telecommunications equipment (9578) 3220 41.32 0.9 11.1 233 7.0 6.5 1,058 2.6 13.5 17.7 18.8 1.0 -3.2 39.1 39.7 179 81.0

85 Norddeutsche Landesbank Girozentrale 325 Banks (835) 6511 40.00 122.2 2,136 56.3 -2.9 6,000 1.6 3.8 1.9 1.3 -4.3 1.7 6.7 3.0

86 Wustenrot & Wurttembergische 328 Nonlife insurance (853) 6601 39.28 10.5 94.3 5,187 30.6 -4.9 8,157 -1.3 -4.7 0.8 0.9 5.6 2.5 4.8 4.3 1,634 17.8

87 Jungheinrich 337 Commercial vehicles & trucks (2753) 3550 38.73 -0.8 -4.1 1,677 -21.8 -1.4 10,475 -0.8 4.7 2.3 1.8 -4.2 5.8 3.7 3.7 319 77.1

88 SGL Carbon 338 Chemicals (135) 2466 38.20 5.5 12.0 1,226 -23.9 1.0 6,141 -0.5 5.3 3.1 2.2 2.3 18.8 6.2 5.9 1,441 -1.0

89 ElringKlinger 343 Automobiles & parts (335) 3430 36.88 -2.7 11.2 579 -11.9 3.1 4,029 -1.4 8.2 6.4 5.8 10.5 11.5 9.2 9.3 1,018 39.8

90 Morphosys 346 Biotechnology (4573) 7310 35.01 49.6 33.5 81 13.1 15.2 376 20.5 12.4 43.2 32.7 14.0 23.0 93.1 75.0 324 -11.3

91 EnBW Energie Baden-Wurttemberg 349 Electricity (753) 4011 34.80 18.8 16.9 15,564 -4.5 5.5 20,914 2.7 1.1 0.2 0.2 11.4 9.3 1.7 1.4 8,244 -14.1

92 KSB 352 Industrial machinery (2757) 2924 34.35 8.5 7.1 1,893 -5.0 5.6 14,327 0.9 3.4 1.8 1.6 9.5 10.4 2.4 2.2 778 22.5

93 KUKA 353 Industrial machinery (2757) 2924 34.28 -8.5 -8.2 902 -28.8 -20.3 5,980 -0.1 -14.1 3.8 3.0 -5.9 4.1 5.7 6.3 374 26.1

94 Nemetschek 359 Software (9537) 7221 33.58 0.7 19.3 136 -9.8 8.1 1,085 0.2 -1.9 24.8 22.2 15.4 14.1 31.0 30.8 223 73.0

95 Sudzucker 360 Food producers (357) 1589 33.50 -6.9 -5.3 5,718 -2.6 -0.3 17,493 -2.5 -3.7 0.6 0.6 6.9 6.2 1.9 2.0 2,418 -10.4

96 Wilo 361 Industrial machinery (2757) 2924 33.24 1.6 13.5 926 -5.2 2.0 6,027 0.0 4.2 3.6 3.3 9.7 9.0 5.5 5.4

97 Paul Hartmann 366 Health care equipment & services (453) 3310 32.20 23.4 6.6 1,560 13.3 8.6 9,512 5.1 3.2 2.1 1.9 5.7 3.5 3.4 2.9 825 66.8

98 Grammer 368 Automobiles & parts (335) 3430 32.18 -25.4 -11.7 727 -27.8 -6.2 7,474 -21.3 -4.6 4.4 4.3 -3.3 3.1 4.3 4.5 128 84.0

99 Jenoptik 370 Industrial machinery (2757) 2924 32.14 -16.0 -8.9 474 -13.6 -22.1 3,333 1.2 4.0 6.8 7.0 -4.7 5.4 9.6 11.6 206 6.5

100 Munich Re 371 Nonlife insurance (853) 6603 32.00 23.1 -32.3 47,417 2.8 0.7 47,249 6.9 8.3 0.1 0.1 8.1 6.3 0.7 0.6 17,778 -9.3

101 Funkwerk 374 Mobile telecommunications (657) 6420 31.63 10.1 37.8 218 -24.7 -3.3 1,639 -5.9 7.3 14.5 9.9 -21.3 3.7 19.3 16.5 56 -3.6

102 CompuGROUP (now CompuGROUP Medical) 389 Computer services (9533) 7260 29.58 16.8 84.5 293 28.0 27.9 2,592 23.2 36.9 10.1 11.0 8.5 5.9 11.4 12.0 399 11.5

R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %103 Aixtron 393 Semiconductors (9576) 3210 29.07 13.3 14.7 303 10.4 20.8 655 3.8 5.2 9.6 9.3 19.2 11.1 44.4 40.7 1,849 58.0

104 centrotherm photovoltaics 397 Alternative energy (58) 2956 28.41 69.4 509 35.9 1,110 118.1 5.6 4.5 7.6 11.1 25.6 32.9 645 -8.3

105 Nordex 400 Alternative energy (58) 2956 28.15 34.9 35.8 1,183 4.1 32.1 2,207 17.1 39.4 2.4 1.8 3.5 5.5 12.8 11.1 434 -48.9

106 ELMOS Semiconductor 403 Semiconductors (9576) 3210 27.52 5.1 -1.4 124 -29.3 -8.3 1,038 -7.1 -2.0 22.2 14.9 -12.4 7.8 26.5 23.4 129 59.5

107 Wacker Neuson 425 Industrial machinery (2757) 2924 24.95 -4.5 15.7 597 -31.4 -1.2 3,189 -12.9 4.5 4.2 3.0 -19.2 6.7 7.8 7.1 689 22.3

108 Q-Cells 428 Alternative energy (58) 2956 24.70 -19.0 48.1 802 -35.9 14.1 2,655 25.7 42.3 3.1 2.4 -102.9 18.5 9.3 14.4 461 -55.7

109 Eppendorf 436 Health care equipment & services (453) 3663 23.88 -1.0 9.0 433 5.6 11.3 2,490 1.7 10.6 5.5 5.9 16.7 17.5 9.6 9.9

110 Gothaer 437 Nonlife insurance (853) 6601 23.80 88.9 26.3 3,244 -29.3 -8.8 5,466 -2.6 -3.1 0.7 0.3 3.2 4.7 4.4 2.2

111 Homag 438 Industrial machinery (2757) 2924 23.76 -10.0 -0.4 524 -38.8 -10.7 5,158 -2.3 3.7 4.5 3.1 -3.8 6.8 4.6 5.0

112 Duerr 441 Industrial machinery (2757) 2924 23.70 -1.5 0.0 1,078 -32.8 -7.5 5,885 -2.9 0.9 2.2 1.5 0.6 4.5 4.0 4.0 345 80.0

113 Wanderer-Werke 443 Industrial machinery (2757) 2924 23.69 17.8 9.0 552 -4.5 0.0 4,330 -1.9 1.1 4.3 3.5 -9.8 4.6 5.5 4.6 0 -90.1

114 Arcandor 446 General retailers (537) 5212 23.36 -40.3 62.8 20,025 24.7 5.8 86,244 6.4 4.6 0.1 0.2 -2.2 4.4 0.3 0.5 43 -45.0

115 Fuchs Petrolub 454 Chemicals (135) 2466 22.20 -2.2 0.2 1,178 -15.5 -3.8 3,587 -7.2 -2.8 1.9 1.6 15.3 12.2 6.2 5.9 1,562 36.1

116 GfK 456 Support services (279) 7487 21.80 -5.1 46.0 1,165 -4.6 1.5 10,307 8.1 9.3 1.9 1.9 8.0 10.9 2.1 2.4 894 24.8

117 Evotec 471 Pharmaceuticals (4577) 2441 20.94 -50.8 -14.5 43 7.7 -20.4 442 7.8 -9.6 49.0 107.3 -97.9 -185.5 47.4 103.7 232 47.3

118 K+S 477 Chemicals (135) 2466 20.52 4.6 12.2 3,574 -25.5 6.5 13,044 6.8 4.6 0.6 0.4 6.5 24.8 1.6 1.6 7,199 21.7

119 Talanx 497 Nonlife insurance (853) 6601 19.00 -44.1 59.9 19,868 13.4 2.9 17,805 2.4 4.0 0.1 0.2 7.1 2.6 1.1 2.0

120 Demag Cranes 505 Industrial machinery (2757) 2924 18.63 5.9 -4.8 1,048 -14.5 2.0 6,113 3.2 2.5 1.8 1.4 1.3 10.8 3.0 3.0

121 Vossloh 508 Commercial vehicles & trucks (2753) 3550 18.40 7.0 4.1 1,174 -14.4 3.7 4,747 1.8 -0.1 1.6 1.3 11.1 10.7 3.9 3.7 999 -18.7

122 BAUER 511 Construction & materials (235) 4521 18.21 -7.8 37.9 1,097 -15.1 9.5 8,872 2.3 17.0 1.7 1.5 7.6 13.1 2.1 2.3 495 16.0

123 Otto 512 General retailers (537) 5212 18.17 23.2 16.2 10,465 -9.7 -11.8 52,221 1.6 -0.5 0.2 0.1 0.7 1.5 0.3 0.3

124 WET Automotive Systems 518 Automobiles & parts (335) 3430 17.83 -10.2 0.9 158 -6.8 -4.9 3,739 -6.8 -0.9 11.3 11.7 0.8 -19.4 4.8 5.0 54 90.2

125 Muhlbauer 519 Semiconductors (9576) 3210 17.68 -0.1 0.9 160 -7.0 0.0 1,897 3.0 7.5 11.0 10.3 5.5 14.0 9.3 9.6 140 11.7

126 Singulus Technologies 521 Industrial machinery (2757) 2924 17.60 -12.3 -12.6 115 -44.7 -25.0 641 -14.6 -17.2 15.3 9.7 -63.7 -22.2 27.5 26.7 141 78.8

127 MediGene 527 Biotechnology (4573) 7310 17.32 -30.9 8.9 38 13.0 7.4 113 -24.7 -2.3 45.7 74.8 -57.3 -110.8 153.3 167.0 92 -39.7

128 Schaltbau 534 Commercial vehicles & trucks (2753) 3550 16.64 -1.1 3.7 270 -3.7 8.2 1,540 3.4 3.2 6.2 6.0 8.4 7.9 10.8 11.3 96 16.9

129 Deutsche Bahn 547 Travel & leisure (575) 6330 16.00 0.0 13.3 29,335 -12.3 -0.8 247,997 0.1 1.6 0.1 0.0 5.0 5.6 0.1 0.1

130 Veritas 554 Automobiles & parts (335) 3430 15.71 -22.9 377 -12.7 2,732 -10.6 4.2 4.7 1.1 -1.0 5.7 6.7 213 61.9

131 Roth & Rau 555 Alternative energy (58) 2956 15.70 319.8 120.5 198 -27.3 66.5 762 48.0 88.4 7.9 1.4 6.8 10.5 20.6 7.3 356

132 Franz Haniel & Cie 570 Food & drug retailers (533) 5231 15.00 0.0 -10.6 24,524 -10.3 -4.7 53,243 -6.6 -1.6 0.1 0.1 1.2 2.8 0.3 0.3

133 Leica Camera 588 Leisure goods (374) 3230 14.11 -9.3 2.8 158 18.0 2.8 1,083 2.4 4.9 8.9 11.6 4.4 -1.0 13.0 14.7 169 118.0

134 IDS Scheer 595 Software (9537) 7221 13.87 -3.0 10.1 350 -12.2 -0.4 2,645 -10.4 0.8 4.0 3.6 7.5 3.3 5.2 4.8 458 -4.1

135 WMF 600 Household goods & home construction (372) 3663 13.68 -1.9 5.1 800 0.5 3.0 5,882 -0.2 1.4 1.7 1.8 4.6 5.1 2.3 2.4 305 22.4

136 Beta Systems Software 604 Software (9537) 7221 13.49 2.6 1.6 81 -10.3 -5.7 652 3.5 -1.4 16.6 14.5 1.7 7.1 20.7 20.9 36 -7.3

137 OHB Technology 616 Aerospace & defence (271) 3530 13.00 -22.0 16.5 287 23.5 20.7 1,380 9.7 18.8 4.5 7.2 6.3 7.0 9.4 13.3 220 85.9

138 4SC 621 Biotechnology (4573) 7310 12.98 19.8 35.7 2 -37.3 -20.2 91 13.8 18.3 697.6 365.0 -900.4 -431.3 142.7 135.5 95 4.6

139 Manz Automation 640 Industrial machinery (2757) 2924 12.14 87.7 100.0 86 -63.7 25.2 1,366 -2.7 98.7 14.1 2.7 -19.0 12.0 8.9 4.6 217 12.2

140 CeWe Color 642 General retailers (537) 5248 12.12 1.6 16.9 410 -2.4 0.8 2,742 -6.1 -4.3 3.0 2.8 4.8 3.1 4.4 4.1 162 -17.4

141 P&i Personal & Informatik 653 Software (9537) 7221 11.66 -4.8 4.8 63 7.2 5.1 334 9.2 6.7 18.4 20.8 24.2 22.2 34.9 40.0 158 18.3

142 PSI 659 Software (9537) 7221 11.46 17.8 2.3 147 14.1 7.9 1,370 24.7 9.3 7.8 7.5 4.9 4.2 8.4 8.9 171 15.0

143 Wilex 664 Biotechnology (4573) 7310 11.27 -43.8 -9.1 13 320.6 131.2 66 6.5 14.5 89.6 670.1 -105.7 -722.8 170.7 323.1 74 10.4

144 Linos 665 Electronic equipment (2737) 3210 11.26 15.5 4.8 89 -5.0 2.9 818 3.5 2.8 12.6 10.4 1.8 9.5 13.8 12.3

145 FJA (now COR & FJA) 667 Software (9537) 7221 11.21 51.2 47.0 68 7.5 6.3 627 30.9 8.9 16.4 11.7 2.4 10.6 17.9 15.5 68 50.8

146 Rational 687 Household goods & home construction (372) 3663 10.40 -22.4 1.8 314 -8.3 3.5 1,031 -5.4 6.1 3.3 3.9 28.8 24.2 10.1 12.3 1,332 24.4

147 R Stahl 693 Electrical components & equipment (2733) 3162 10.31 29.9 11.8 203 -8.4 5.8 1,472 6.1 5.3 5.1 3.6 6.2 9.7 7.0 5.7 134 44.4

148 Isra Vision 697 Industrial machinery (2757) 2924 10.19 -5.2 10.0 58 -14.8 6.8 361 -3.0 9.8 17.5 15.7 15.9 18.9 28.2 28.9 54 21.9

149 SolarWorld 698 Alternative energy (58) 2956 10.15 -4.9 6.2 1,013 12.5 25.3 2,000 9.6 23.5 1.0 1.2 13.3 25.9 5.1 5.8 975 -45.1

150 freenet 705 Internet (9535) 7260 9.99 79.0 145.3 3,971 21.7 24.6 6,020 6.4 18.4 0.3 0.2 2.8 0.3 1.7 1.0 896 -15.8

151 PiroNet NDH 710 Software (9537) 7221 9.76 17.7 141.5 60 1.4 11.4 523 3.2 5.0 16.2 13.9 12.2 4.9 18.7 16.4 30

152 Villeroy & Boch 722 Construction & materials (235) 2682 9.39 -8.4 -8.2 715 -14.9 -9.5 9,440 -7.4 -2.6 1.3 1.2 -12.1 2.8 1.0 1.0 54 -7.2

153 Magix 724 Software (9537) 7221 9.37 5.3 11.3 35 8.3 -0.9 303 -1.3 0.0 26.9 27.7 8.8 6.5 30.9 29.0 47 21.4

154 Francotyp-Postalia 742 Industrial machinery (2757) 2924 8.90 -16.7 -9.5 129 -9.4 -3.4 1,054 -5.0 3.9 6.9 7.5 -12.8 -8.8 8.4 9.6 31 73.1

155 Wirecard 742 Support services (279) 7412 8.90 -3.3 49.7 229 16.1 40.8 468 5.9 9.0 3.9 4.7 24.7 24.9 19.0 20.8 735 -3.9

156 INDUS 749 General industrials (272) 7487 8.86 -11.3 -7.8 773 -17.9 -3.2 5,371 -8.4 1.3 1.1 1.1 6.7 8.9 1.6 1.7 262 41.4

157 Paion 766 Biotechnology (4573) 7310 8.25 48.3 -13.6 2 -51.6 -47.3 30 -28.6 -27.0 538.3 175.7 -847.7 -435.8 275.1 132.5 45

158 TELES 771 Internet (9535) 7260 8.18 37.6 14.4 24 -10.2 -7.2 265 -9.6 1.0 33.6 21.9 -58.9 -58.1 30.9 20.3 12 -26.1

159 Landesbank Berlin 778 Banks (835) 6511 8.00 2,566.7 38.7 1,531 50.4 -8.3 6,751 0.7 -5.4 0.5 0.0 22.1 0.9 1.2 0.0 3,685

160 Hoft & Wessel 783 Electronic equipment (2737) 3210 7.88 0.4 13.0 94 -4.1 8.4 503 0.2 -0.3 8.4 8.0 2.9 -4.1 15.7 15.6 29 2.5

161 Augusta Technologie 784 Electrical components & equipment (2733) 3162 7.83 15.6 18.9 107 -16.2 -1.5 615 2.0 9.5 7.4 5.3 7.9 14.7 12.7 11.2 93 30.4

162 Nexus 787 Software (9537) 7221 7.79 3.6 32.9 40 15.9 15.6 352 3.5 12.2 19.3 21.6 3.4 3.8 22.1 22.1 48 15.0

163 GERRY WEBER International 790 Personal goods (376) 1824 7.73 -8.9 -6.6 594 4.2 10.3 2,448 7.9 9.4 1.3 1.5 12.2 10.9 3.2 3.7 494 10.4

164 TUI 790 Travel & leisure (575) 6330 7.73 -52.0 -12.9 19,085 -23.5 -3.0 73,299 -1.7 6.8 0.0 0.1 -1.7 1.3 0.1 0.2 1,737 32.6

165 Hymer 808 Automobiles & parts (335) 3410 7.35 75.5 1.7 654 -28.3 -5.0 2,998 -6.4 1.1 1.1 0.5 -6.4 4.2 2.5 1.3 112 7.3

166 Hermle Berthold 812 Industrial machinery (2757) 2924 7.23 -19.4 -2.2 127 -54.4 -13.2 810 4.5 5.7 5.7 3.2 6.5 24.8 8.9 11.6 213 7.4

167 Analytik Jena 813 Biotechnology (4573) 7310 7.21 27.6 19.7 71 4.4 1.9 676 27.1 12.2 10.1 8.3 4.5 2.5 10.7 10.6 43 -4.6

168 Tom Tailor 814 Personal goods (376) 1824 7.20 -5.5 300 5.9 804 4.4 2.4 2.7 5.3 -2.6 9.0 9.9 183

169 Pfeiffer Vacuum Technology 815 Industrial machinery (2757) 2924 7.17 5.5 -0.7 182 -8.1 0.5 729 2.2 2.1 3.9 3.4 20.8 26.0 9.8 9.5 493 2.2

170 Centrotec Sustainable 817 Chemicals (135) 2466 7.10 -4.8 22.2 467 -2.0 5.6 2,696 1.0 15.1 1.5 1.6 3.8 7.1 2.6 2.8 192 55.9

171 Jetter 821 Industrial machinery (2757) 2924 7.02 -13.1 3.5 29 -28.7 -7.9 233 3.6 6.8 24.5 20.1 -6.9 2.7 30.1 35.9 20 3.6

172 Aareal Bank 823 Banks (835) 6511 7.00 -30.0 -16.4 599 11.5 -0.7 2,383 -4.0 -4.2 1.2 1.9 14.5 21.8 2.9 4.0 604

173 Lufthansa 823 Travel & leisure (575) 6210 7.00 -36.4 11.9 22,283 -10.4 3.9 112,320 3.9 6.3 0.0 0.0 0.1 4.9 0.1 0.1 4,991 4.5

174 Schuler 829 Industrial machinery (2757) 2924 6.96 23.9 19.3 823 -14.8 13.5 5,455 -1.9 16.2 0.8 0.6 -6.6 2.8 1.3 1.0 90 53.6

175 Tipp24 831 Travel & leisure (575) 9271 6.92 -25.0 35.8 90 -73.3 -30.3 174 -29.8 6.5 7.7 2.7 25.7 2.6 39.8 37.2 158 -7.4

176 Nanogate 835 Chemicals (135) 2466 6.75 8.6 11 -11.9 11.0 75 10.3 22.3 63.1 51.2 -24.0 3.0 90.0 91.4 26 2.8

177 Agennix 837 Biotechnology (4573) 7310 6.72 29.8 -51.2 8 -37.4 -29.7 56 -5.1 -37.7 86.7 41.8 -185.0 -187.2 120.0 87.7 80 71.6

178 Aurubis 841 Industrial metals & mining (175) 2745 6.66 48.3 11.6 6,687 -20.2 5.1 4,715 14.8 13.9 0.1 0.1 -0.4 3.4 1.4 1.1 1,215 17.8

179 Elexis 844 Industrial machinery (2757) 2924 6.61 -21.6 -3.7 126 -26.1 -3.0 757 -4.8 2.6 5.2 4.9 4.0 14.3 8.7 10.6 98 28.2

180 Leifheit 845 Household goods & home construction (372) 3663 6.59 -8.0 2.8 273 -2.6 -0.5 1,468 -3.5 -0.5 2.4 2.6 3.0 1.7 4.5 4.7 70 44.3

181 SUSS MicroTec 854 Semiconductors (9576) 3210 6.45 -46.5 -18.4 120 -19.4 -8.2 623 -10.9 -6.4 5.4 8.1 -2.3 -7.5 10.3 17.3 74 21.8

182 SYGNIS Pharma 856 Biotechnology (4573) 7310 6.39 -20.9 36.2 0 -36.6 -25.5 41 -12.8 12.2 2,545.8 2,039.4 -3,839.0 -2,801.5 155.9 171.8 34 -35.5

183 MVV Energie 872 Gas, water & multiutilities (757) 4013 6.00 -33.3 30.1 3,161 19.9 13.4 5,908 -4.4 -2.1 0.2 0.3 -0.9 12.4 1.0 1.5 1,813 -9.5

184 Intershop Communications 877 Software (9537) 7221 5.95 78.6 23.3 36 9.4 21.7 291 15.9 7.8 16.7 10.2 4.9 5.1 20.5 13.3 41 -7.8

R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %185 Mensch und Maschine Software 877 Software (9537) 7221 5.95 -21.9 0.6 163 -26.8 -1.4 517 33.2 19.9 3.6 3.4 -1.6 3.1 11.5 19.6 50 -4.0

186 DekaBank Deutsche Girozentrale 899 Banks (835) 6511 5.70 -51.3 9.0 1,679 59.2 13.3 3,622 -0.2 6.1 0.3 1.1 29.7 -4.7 1.6 3.2

187 USU Software 913 Software (9537) 7221 5.53 5.6 24.4 34 0.2 9.5 264 5.2 7.2 16.2 15.4 1.3 2.8 20.9 20.9 34 -9.3

188 ATOSS Software 920 Software (9537) 7221 5.47 9.7 12.5 29 8.0 9.8 227 6.1 10.3 18.8 18.5 19.0 18.7 24.1 23.3 57 32.3

189 Hamburger Hafen Und Logistik 924 Industrial transportation (277) 6340 5.34 -47.9 55.9 991 -25.3 -0.9 4,835 -0.4 7.8 0.5 0.8 16.4 26.7 1.1 2.1 1,747 -14.3

190 Hochtief 925 Construction & materials (235) 4521 5.30 1.8 -7.0 18,166 -4.9 5.4 66,178 2.6 12.2 0.0 0.0 3.6 1.9 0.1 0.1 3,087 -3.1

191 Invision Software 927 Software (9537) 7221 5.29 -0.9 26.6 12 0.4 3.7 223 -0.9 23.3 44.2 44.8 -58.4 -69.8 23.7 23.7 14 -9.1

192 Basler 929 Electrical components & equipment (2733) 3162 5.27 -34.1 -10.7 34 -40.4 -13.5 294 -10.1 -3.2 15.7 14.2 -22.4 6.0 17.9 24.5 30 43.3

193 TUV SUD 930 General retailers (537) 9305 5.23 26.0 1,427 4.5 13,909 6.0 0.4 0.3 8.2 8.9 0.4 0.3

194 STRATEC Biomedical Systems 933 Health care equipment & services (453) 3310 5.19 -14.0 -12.5 80 30.5 5.2 335 25.0 17.2 6.5 9.9 18.1 18.2 15.5 22.5 294 33.5

195 Twintec 938 Automobiles & parts (335) 3430 5.11 1.7 46 39.0 0.7 80 2.6 4.1 11.1 15.2 3.8 -18.0 63.9 64.4 45

196 Deutsche Steinzeug 939 Construction & materials (235) 2682 5.10 -13.6 -14.3 192 -17.4 -7.0 1,529 -4.7 -2.6 2.7 2.5 -2.3 -3.8 3.3 3.7 13 20.0

197 Kabel Deutschland 941 Media (555) 9220 5.06 30.8 69.1 1,502 9.6 11.2 2,648 -5.7 0.3 0.3 13.2 11.0 1.9 1.4 1,883

198 Solar Millennium 942 Alternative energy (58) 2956 5.04 11,356.8 67.4 201 528.3 124.3 181 58.8 53.5 2.5 0.1 18.6 33.7 27.9 0.4 243

199 Nordzucker 943 Food producers (357) 1589 5.03 561.1 1,806 51.5 4,346 52.8 0.3 0.1 3.6 6.5 1.2 0.3

200 Deutsche Postbank 944 Banks (835) 6511 5.00 3,144 20,934 0.2 -12.7 0.2 4,644

201 LPKF Laser & Electronics 949 Electronic equipment (2737) 3210 4.95 -2.0 15.1 51 11.7 8.4 373 1.4 10.7 9.8 11.1 11.9 6.0 13.3 13.7 93 150.9

202 Wurth 953 General industrials (272) 7487 4.90 -54.2 -44.2 7,522 -14.7 -1.0 58,561 -9.6 3.3 0.1 0.1 3.5 6.5 0.1 0.2

203 CENIT AG Systemhaus 963 Computer services (9533) 7260 4.76 30.5 10.3 86 3.8 1.6 703 0.1 8.3 5.5 4.4 4.3 5.7 6.8 5.2 38 0.0

204 Epigenomics 971 Biotechnology (4573) 7310 4.70 -31.8 -10.4 4 64.7 6.7 83 -14.4 -17.0 110.4 266.5 -242.8 -497.1 56.7 71.0 81 -15.3

205 Uzin Utz 971 Construction & materials (235) 2682 4.70 2.2 172 -2.9 4.2 859 6.6 9.2 2.7 2.6 7.7 7.6 5.5 5.7 73 1.0

206 Mologen 987 Biotechnology (4573) 7310 4.50 2.3 21.6 0 -74.8 -78.4 40 11.1 -0.8 8,490.6 2,095.2 -12,550.9 -3,001.4 112.5 122.2 86 21.8

89.16 61.3 49.3 3,286 6.5 28.4 10,533 -3.8 12.2 2.7 1.8 10.9 6.1 8.5 5.0 1,258 -30.3

Greece number of companies for calculation 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 4 3

1 Pharmathen 369 Pharmaceuticals (4577) 2441 32.16 7.3 39.5 89 20.5 37.6 320 2.2 7.0 36.0 40.4 15.2 15.0 100.5 95.8

2 Intralot 391 Travel & leisure (575) 9271 29.23 115.3 51.7 904 -16.1 4.5 4,824 2.5 11.8 3.2 1.3 12.5 12.8 6.1 2.9 461 -31.1

3 Ellaktor 516 Construction & materials (235) 4521 17.96 517.1 253.4 2,269 18.6 46.8 5,168 -9.7 13.3 0.8 0.2 10.0 1.9 3.5 0.5 767

4 Epsilon Net 949 Software (9537) 7221 4.95 0.1 3.8 9 6.7 14.5 157 -9.8 0.2 52.6 56.0 22.4 25.4 31.5 28.4 4 -68.4

5 MLS Multimedia 957 Software (9537) 7221 4.87 25.4 40.6 15 19.0 59.5 64 60.0 40.7 32.9 31.2 18.5 17.8 76.1 97.1 26 15.6

126.38 22.3 16.3 1,415 10.7 6.2 13,383 2.9 4.5 8.9 8.1 16.8 13.0 9.4 7.9 3,155 3.5

Hungary number of companies for calculation 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2

1 Gedeon Richter 196 Pharmaceuticals (4577) 2441 87.21 28.1 17.6 988 13.1 8.6 10,394 0.1 6.9 8.8 7.8 18.5 14.8 8.4 6.6 2,660 8.1

2 Egis Pharmaceuticals 329 Pharmaceuticals (4577) 2441 39.17 11.3 13.4 427 5.6 1.3 2,989 13.8 -2.4 9.2 8.7 12.7 8.8 13.1 13.4 495 -15.6

1,402.72 13.0 9.2 53,242 0.3 4.0 360,671 -4.0 5.3 2.6 2.3 4.8 5.6 3.9 3.3 63,223 20.1

Ireland number of companies for calculation 16 16 15 16 16 15 16 16 15 16 16 16 16 16 16 15 14

1 Covidien 68 Health care equipment & services (453) 3310 305.26 28.4 7,441 -1.0 41,800 0.2 4.1 3.2 18.7 21.0 7.3 5.7 13,486 -1.5

2 Accenture 69 Support services (279) 7487 303.13 11.5 13.4 16,149 -8.5 8.3 177,000 -4.8 8.1 1.9 1.5 11.4 11.9 1.7 1.5 19,556 26.5

3 Elan 98 Pharmaceuticals (4577) 2441 180.51 -10.3 10.3 572 7.8 18.2 1,484 -11.8 -5.0 31.6 37.9 -8.9 -19.9 121.6 119.5 2,001 -19.8

4 Ingersoll-Rand 100 Industrial machinery (2757) 2924 179.39 95.6 13.6 9,196 -0.4 5.0 57,000 -5.0 9.9 2.0 1.0 6.7 -19.9 3.1 1.5 7,940 23.5

5 Kerry 122 Food producers (357) 1589 147.76 0.2 2.1 4,521 -5.6 -0.9 21,997 -1.4 -1.9 3.3 3.1 7.4 5.9 6.7 6.6 3,839 24.4

6 Cooper Industries 179 Electrical components & equipment (2733) 3162 98.34 -0.5 19.1 3,533 -22.3 -0.7 28,255 -9.4 -3.0 2.8 2.2 10.7 13.5 3.5 3.2 4,920 30.4

7 Warner Chilcott 275 Pharmaceuticals (4577) 2441 53.48 53.6 42.0 1,001 53.1 23.9 2,700 142.2 40.0 5.3 5.3 20.2 11.7 19.8 31.2 4,968 71.5

8 Bank of Ireland 316 Banks (835) 6511 41.33 -26.2 -20.4 6,748 97.3 1.8 14,755 -7.0 -2.6 0.6 1.6 -35.8 -0.2 2.8 3.5 3,660 68.1

9 SkillSoft 380 Software (9537) 7221 30.57 -12.0 2.5 220 -4.2 11.8 1,085 -3.5 2.8 13.9 15.2 32.8 25.2 28.2 30.9

10 James Hardie Industries 499 Construction & materials (235) 2682 18.89 13.9 1.5 784 -6.5 -10.0 2,511 8.9 -5.2 2.4 2.0 -1.3 13.2 7.5 7.2 1,503 8.0

11 Trinity Biotech 681 Health care equipment & services (453) 3310 10.58 -4.9 6.5 88 -10.2 2.0 676 -10.7 -5.2 12.1 11.4 11.1 -57.9 15.7 14.7 89

12 Glanbia 692 Food producers (357) 1589 10.33 1.9 7.4 1,830 -18.0 -0.4 3,418 0.5 -4.5 0.6 0.5 9.0 5.2 3.0 3.0 854 18.9

13 Norkom 794 Software (9537) 7221 7.69 -1.2 30.5 49 2.6 25.3 301 -1.0 29.1 15.6 16.2 11.9 6.4 25.5 25.6 103 8.0

14 AGI Therapeutics 894 Pharmaceuticals (4577) 2441 5.76 -48.1 17.9 0 -44.5 4.4 7 -22.2 0.0 2,584.8 2,762.9 -3,385.2 -3,265.2 823.4 1,234.1 3 -60.0

15 Greencore 928 Food producers (357) 1589 5.28 -21.6 -9.1 1,104 -15.6 -6.5 7,647 -5.2 -3.2 0.5 0.5 3.9 4.9 0.7 0.8 237 -13.3

16 Merrion Pharmaceuticals 996 Pharmaceuticals (4577) 2441 4.41 13.1 13.8 6 372.8 130.8 35 52.2 27.2 69.6 290.9 -28.7 -405.9 126.0 169.5 63 7.1

6,402.40 -2.2 7.4 357,561 -8.4 4.1 1,158,142 -0.4 5.1 1.8 1.7 11.5 12.6 5.5 5.6 214,348 -12.0

Italy number of companies for calculation 53 51 51 53 52 52 52 52 50 52 51 52 52 52 52 44 39

1 Finmeccanica 16 Aerospace & defence (271) 7522 1,926.00 9.0 1.0 16,501 23.8 12.4 72,537 15.5 8.6 11.7 13.3 7.0 6.9 26.6 28.1 4,300 -31.2

2 Fiat 18 Automobiles & parts (335) 3410 1,692.00 -14.8 1.9 49,298 -17.0 -1.1 190,651 -3.8 3.1 3.4 3.3 0.8 5.2 8.9 10.0 10,187 3.5

3 Telecom Italia 32 Fixed line telecommunications (653) 6420 842.00 19.6 85.0 28,324 -7.0 -3.4 72,132 -5.1 -2.4 3.0 2.3 17.3 17.4 11.7 9.3 17,470 -5.1

4 Intesa Sanpaolo 90 Banks (835) 6511 211.00 22.0 12.0 18,418 3.7 23.8 107,164 -2.6 23.7 1.1 1.0 19.7 3.1 2.0 1.6 26,423 -21.4

5 Eni 91 Oil & gas producers (53) 1110 207.00 -4.2 -2.3 83,227 -23.0 -1.1 78,648 1.7 2.6 0.2 0.2 15.0 17.8 2.6 2.8 57,125 -10.9

6 UniCredit 130 Banks (835) 6511 142.45 -50.0 27.9 27,082 3.5 4.9 174,651 -0.8 7.9 0.5 1.1 7.9 14.8 0.8 1.6 33,942 -14.2

7 Pirelli 136 Automobiles & parts (335) 2511 137.00 -12.2 -7.1 4,462 -8.8 -2.7 29,565 -6.1 1.1 3.1 3.2 2.7 -8.3 4.6 5.0 2,260 35.1

8 Chiesi Farmaceutici 143 Pharmaceuticals (4577) 2441 131.66 22.1 19.8 872 16.5 13.7 3,389 9.3 6.7 15.1 14.4 12.4 11.8 38.8 34.8

9 Italtel 183 Telecommunications equipment (9578) 3220 93.93 -9.2 1.1 468 -13.9 -5.0 2,319 -0.2 -0.1 20.1 19.0 -6.3 2.0 40.5 44.5

10 Enel 193 Electricity (753) 4011 88.00 29.4 48.3 62,404 4.2 18.5 83,418 11.2 13.8 0.1 0.1 16.4 15.2 1.1 0.9 31,878 -13.7

11 IMMSI 230 Automobiles & parts (335) 3410 70.00 -5.7 1.5 1,614 -7.0 -1.9 7,641 -2.2 0.9 4.3 4.3 4.5 3.6 9.2 9.5 238 -20.5

12 Recordati 234 Pharmaceuticals (4577) 2441 69.45 18.0 15.2 748 8.4 9.1 2,830 5.4 13.6 9.3 8.5 21.2 19.8 24.5 21.9 1,093 11.4

13 Sorin 240 Health care equipment & services (453) 3310 65.63 5.6 4.8 690 -8.9 -4.5 3,631 -12.8 -7.4 9.5 8.2 6.2 4.8 18.1 14.9 619 15.0

14 Lottomatica 251 Travel & leisure (575) 9271 62.40 -0.2 57.7 2,177 5.7 32.4 7,653 5.9 7.9 2.9 3.0 16.7 17.7 8.2 8.6 1,613 -30.8

15 Fincantieri 277 Commercial vehicles & trucks (2753) 3550 53.46 12.5 4.2 2,806 9.1 7.4 9,146 0.3 1.9 1.8 1.3 1.9 5.8 5.2

16 Prysmian 310 Electrical components & equipment (2733) 3162 43.00 -4.4 0.9 3,731 -27.5 -9.3 11,704 -5.4 -1.2 1.2 0.9 10.4 8.7 3.7 3.6 2,114 -5.0

17 Avio 340 Aerospace & defence (271) 3530 37.98 -27.9 -16.1 1,702 2.9 6.7 5,057 1.3 1.6 2.2 3.2 8.3 7.1 7.5 10.5

18 De'Longhi 358 Household goods & home construction (372) 3663 33.60 5.0 115.1 1,379 -10.0 0.4 7,334 -1.7 -1.4 2.4 2.1 6.7 6.9 4.6 4.3 498 53.8

19 Benetton 371 Personal goods (376) 1824 32.00 -8.6 13.8 2,049 -4.2 2.4 9,639 3.3 4.5 1.6 1.6 9.9 11.7 3.3 3.8 857 -29.2

20 Poste Italiane 414 Industrial transportation (277) 6412 26.13 -37.4 74.3 19,584 10.7 7.1 151,266 0.6 -0.9 0.1 0.2 7.9 8.1 0.2 0.3

21 IMA Industria Macchine Automatiche 421 Industrial machinery (2757) 2924 25.42 8.5 6.9 506 -7.6 6.0 3,135 2.9 5.2 5.0 4.3 12.4 13.1 8.1 7.7 397 -5.3

22 COFIDE 422 General industrials (272) 7487 25.08 -8.5 57.1 4,267 -9.8 1.0 12,685 -2.2 5.9 0.6 0.6 2.9 5.3 2.0 2.1 411 -1.8

23 Datalogic 423 Electronic equipment (2737) 3210 25.03 7.8 -0.6 312 -17.9 -6.5 1,982 -10.4 1.5 8.0 6.1 -2.0 7.6 12.6 10.5 218 -10.1

24 Barilla 427 Food producers (357) 1589 24.72 -29.3 -8.9 4,535 6.8 3.2 16,215 -14.1 -7.4 0.5 0.8 4.7 5.0 1.5 1.9

25 Indesit 459 Household goods & home construction (372) 3663 21.60 16.8 -4.2 2,613 -17.2 -7.0 16,294 -6.0 -1.9 0.8 0.6 4.4 4.2 1.3 1.1 827 49.6

26 Atlantia 465 Industrial transportation (277) 6340 21.23 18.6 -1.0 3,611 26.6 4.8 10,021 1.8 3.2 0.6 0.6 44.4 55.6 2.1 1.8 7,590 -12.5

27 Same Deutz-Fahr 476 Commercial vehicles & trucks (2753) 3550 20.57 -23.8 -7.4 876 -28.1 -5.5 2,549 -0.5 -2.5 2.3 2.2 -4.4 2.9 8.1 10.5

28 Danieli 506 Industrial machinery (2757) 2924 18.50 -47.1 -6.6 2,018 -23.1 18.1 8,220 8.0 19.4 0.9 1.3 6.5 8.0 2.3 4.6 801 -7.9

29 Terna 533 Electricity (753) 4011 16.70 -14.3 1,516 13.5 5.0 3,518 -4.9 0.6 1.1 48.1 53.1 4.7 5,659

R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %30 Engineering Ingegneria Informatica 551 Computer services (9533) 7260 15.80 148.3 716 -0.3 20.4 6,249 -4.2 17.8 2.2 0.0 8.3 3.9 2.5 0.0 217

31 DiaSorin 551 Pharmaceuticals (4577) 2441 15.80 5.5 12.2 304 24.3 19.2 1,144 11.3 12.3 5.2 6.1 34.3 28.8 13.8 14.6 1,551 25.8

32 Geox 567 Personal goods (376) 1930 15.13 -0.9 865 -3.1 12.2 2,997 -22.2 -0.8 1.7 1.7 13.5 19.1 5.0 4.0 925 -15.4

33 Carraro 591 Automobiles & parts (335) 3430 13.99 -5.5 -2.3 487 -49.9 -9.9 3,612 -14.1 8.1 2.9 1.5 -10.2 3.8 3.9 3.5 97 -22.8

34 Newron Pharmaceuticals 596 Biotechnology (4573) 7310 13.86 9.0 6.8 1 -64.1 -7.4 50 4.2 14.9 1,465.3 482.6 -2,764.5 -704.3 277.2 264.9 79 -21.4

35 Gewiss 597 Electrical components & equipment (2733) 3162 13.81 -13.7 -4.9 276 -18.4 -5.5 1,647 -5.9 -0.8 5.0 4.7 10.4 11.9 8.4 9.1 434 33.2

36 SAES Getters 597 Electronic equipment (2737) 3210 13.81 -21.8 -4.0 130 -18.7 -7.7 1,092 -1.4 8.6 10.6 11.0 -11.3 19.4 12.6 16.0 105 -9.6

37 Isagro 607 Chemicals (135) 2466 13.38 -2.6 22.6 193 -9.3 6.3 815 1.6 -1.8 6.9 6.4 -1.3 7.3 16.4 17.1 43 -36.5

38 Prima Industrie 609 Industrial machinery (2757) 2924 13.32 -32.3 22.5 232 -36.9 16.3 1,463 -12.0 38.9 5.7 5.4 -2.6 6.5 9.1 11.8 54 -3.7

39 Trevi Finanziaria Industriale 678 Construction & materials (235) 4521 10.67 9.5 14.4 1,006 -2.9 18.3 6,064 2.8 12.9 1.1 0.9 11.7 12.4 1.8 1.7 681 1.1

40 Marzotto 681 Personal goods (376) 1824 10.58 -9.3 -0.4 245 -24.7 -6.6 3,404 -10.5 -0.4 4.3 3.6 -12.9 -0.9 3.1 3.1

41 EL EN 695 Electronic equipment (2737) 3210 10.24 -12.2 5.1 147 -33.4 -1.5 875 4.7 11.3 7.0 5.3 -9.8 8.9 11.7 14.0 47 -10.5

42 Cobra Automotive Technologies 700 Automobiles & parts (335) 3430 10.13 -10.5 18.4 105 -13.2 4.3 781 -0.1 23.6 9.6 9.3 -13.9 -1.9 13.0 14.5 23

43 Brembo 719 Automobiles & parts (335) 3430 9.59 -30.3 -5.5 826 -22.1 0.8 5,477 -11.2 6.3 1.2 1.3 1.2 6.3 1.8 2.2 336 -7.7

44 Cosmo Pharmaceuticals 720 Pharmaceuticals (4577) 2441 9.49 17.6 66.0 27 -21.9 20.7 133 3.9 4.4 35.5 23.6 15.6 32.7 71.3 63.0 161 5.5

45 Interpump 800 Industrial machinery (2757) 2924 7.57 -7.5 60.3 343 -19.2 -2.0 2,427 19.2 14.5 2.2 1.9 8.0 17.2 3.1 4.0 378 34.5

46 Txt E-Solutions 848 Software (9537) 7221 6.52 -6.9 -10.7 48 -10.0 -3.5 589 -1.7 2.8 13.7 13.2 -10.6 -2.3 11.1 11.7 13 -30.8

47 Elica 893 Household goods & home construction (372) 3663 5.77 -2.8 -9.5 335 -13.1 -6.3 2,338 -3.9 3.4 1.7 1.5 0.1 0.3 2.5 2.4 91 12.9

48 RCS MediaGroup 916 Media (555) 2222 5.50 12.2 16.3 2,206 -17.7 -2.5 6,492 -7.6 7.8 0.2 0.2 -4.6 4.8 0.8 0.7 766 2.8

49 DADA 930 Internet (9535) 7260 5.23 7.2 13.8 155 -8.9 11.7 593 5.3 23.9 3.4 2.9 2.6 8.9 8.8 8.7 58

50 Emak 936 Household goods & home construction (372) 3663 5.15 10.1 5.1 195 -19.9 -2.2 908 -13.4 0.3 2.6 1.9 7.1 9.8 5.7 4.5 107 11.7

51 MolMed 967 Biotechnology (4573) 7310 4.73 5.7 2 -0.9 89 6.0 196.2 184.0 -833.2 -847.6 53.2 53.3 92

52 Bulgari 995 General retailers (537) 5248 4.43 -5.2 -6.4 927 -13.8 -2.8 3,909 1.6 8.1 0.5 0.4 -2.1 10.3 1.1 1.2 1,573 0.6

53 Bioxell (now part of Cosmo Pharmaceuticals) 1000 Biotechnology (4573) 7310 4.37 -56.3 -23.3 0 -100.0 227.5

599.85 -17.1 31.5 80,240 -42.4 9.0 341,691 -9.2 -2.3 0.7 0.5 -0.8 6.3 1.5 1.6 51,643 -5.3

Luxembourg number of companies for calculation 8 7 6 8 7 6 7 6 5 8 7 8 7 7 6 6 5

1 Nycomed 80 Pharmaceuticals (4577) 2441 245.53 -16.2 87.3 3,109 -2.6 52.9 11,975 2.4 46.3 7.9 9.2 9.3 11.0 20.5 25.0

2 ArcelorMittal 102 Industrial metals & mining (175) 2710 176.33 -14.2 38.1 45,378 -47.9 3.4 281,703 -10.8 -4.1 0.4 0.2 -2.5 11.1 0.6 0.7 32,908 -14.0

3 LyondellBasell Industries 175 Chemicals (135) 2466 101.06 -25.3 -1.3 21,486 -39.5 27.0 0.5 0.4 -8.1 -11.3

4 Tenaris 309 Oil equipment, services & distribution (57) 1120 43.70 -18.9 10.2 5,693 -33.2 -0.3 22,591 -5.4 1.3 0.8 0.6 22.9 25.5 1.9 2.3 14,487 16.5

5 Oriflame Cosmetics 649 Personal goods (376) 2451 11.72 2.0 4.7 1,317 -0.9 12.8 7,968 11.1 12.4 0.9 0.9 11.0 13.4 1.5 1.6 2,029 8.9

6 Espirito Santo Financial 756 Banks (835) 6511 8.63 3.8 14.0 2,727 2.3 4.0 13,758 2.0 6.1 0.3 0.3 18.4 16.2 0.6 0.6 1,958 11.4

7 SAF-HOLLAND 759 Commercial vehicles & trucks (2753) 3550 8.50 -25.3 420 -47.5 2,320 -17.1 2.0 1.4 -7.1 0.4 3.7 4.1 108 434.5

8 Germany 1 Acquisition (now 3w Power) 998 Alternative energy (58) 2956 4.39 110 1,376 4.0 -16.5 3.2 153

57.54 0.8 15.4 614 32.0 42.3 1,391 11.0 16.7 9.4 12.3 24.9 20.7 41.4 45.5 348 -29.3

Malta number of companies for calculation 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 1

1 Robin Hood 292 Pharmaceuticals (4577) 2441 48.34 6.1 14.4 458 40.5 52.4 973 12.1 13.5 10.6 14.0 25.3 16.9 49.7 52.5

2 Unibet 729 Travel & leisure (575) 9271 9.20 -20.0 21.7 156 12.0 23.0 418 8.6 25.6 5.9 8.3 23.7 29.7 22.0 29.8 348 -29.3

62.86 -5.7 19.1 5,907 -3.8 3.5 44,708 0.6 -1.8 1.1 1.1 9.2 18.7 1.3 1.3 8,834 4.5

Poland number of companies for calculation 5 5 4 5 5 5 4 4 3 5 5 5 5 4 4 5 5

1 BRE Bank 461 Banks (835) 6511 21.53 4.4 16.3 694 -0.2 19.2 7,473 7.0 13.1 3.1 3.0 7.3 30.8 2.9 3.0 2,288 53.6

2 Telekomunikacja Polska 513 Fixed line telecommunications (653) 6420 18.02 21.3 11.8 4,033 -8.8 -3.8 28,096 -4.7 -5.1 0.4 0.3 12.4 17.6 0.6 0.5 4,946 -5.0

3 Bioton 708 Pharmaceuticals (4577) 2441 9.88 -38.1 15.8 70 -2.5 9.9 1,040 -2.7 20.2 14.2 22.3 -199.2 -34.3 9.5 14.9 247 -22.7

4 Asseco Poland 793 Software (9537) 7221 7.70 41.6 743 9.5 82.4 8,099 17.2 1.0 0.8 17.2 17.9 1.0 0.8 949 -12.0

5 Netia 896 Fixed line telecommunications (653) 6420 5.73 -41.3 10.1 367 35.4 20.4 1.6 3.6 0.4 20.2 405 11.5

396.54 35.0 9.3 24,203 -9.2 4.2 83,925 9.3 3.8 1.6 1.1 18.2 15.2 4.7 3.8 17,574 -21.7

Portugal number of companies for calculation 8 8 4 8 8 6 8 8 6 8 8 8 8 8 8 5 2

1 Portugal Telecom 89 Fixed line telecommunications (653) 6420 213.00 42.0 6,677 -0.9 1.7 37,021 15.8 4.9 3.2 2.2 20.5 18.1 5.8 4.7 7,050

2 BIAL 257 Pharmaceuticals (4577) 2441 59.75 72.5 146 0.0 570 -0.2 40.8 23.7 13.0 26.6 104.8 60.6

3 Caixa Geral de Depositos 262 Banks (835) 6511 58.02 0.4 19.6 2,891 -18.8 -0.9 21,397 5.2 2.8 2.0 1.6 13.0 18.6 2.7 2.8

4 Energia de Portugal 377 Electricity (753) 4011 31.00 29.2 -7.0 12,198 -12.2 5.6 12,096 -1.2 -3.2 0.3 0.2 16.4 11.8 2.6 2.0 7,652 -21.5

5 Credito Agricola Financial 658 Banks (835) 6511 11.49 1,771.3 612 0.1 4,342 3.8 1.9 0.1 24.6 26.7 2.6 0.1

6 Novabase 734 Computer services (9533) 7260 9.10 -18.0 151.5 241 -20.6 -2.6 1,861 9.3 8.0 3.8 3.7 6.3 2.3 4.9 6.5 91 -34.8

7 Martifer 770 Construction & materials (235) 4521 8.19 -20.9 792 1.2 46.8 3,795 33.0 38.5 1.0 1.3 18.4 4.6 2.2 3.6 162

8 Brisa 872 Industrial transportation (277) 6340 6.00 15.4 -4.1 645 1.9 4.8 2,843 -1.3 1.5 0.9 0.8 50.5 46.5 2.1 1.8 2,618

93.43 5.4 18.5 1,126 -4.7 10.4 10,476 1.3 8.3 8.3 7.5 19.9 20.2 8.9 8.6 2,349 -16.4

Slovenia number of companies for calculation 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1

1 Krka 192 Pharmaceuticals (4577) 2441 88.28 4.2 18.8 953 0.3 12.6 7,975 4.9 11.5 9.3 8.9 24.8 24.9 11.1 11.1 2,101 -16.4

2 Sava 936 Chemicals (135) 2466 5.15 32.5 14.0 173 -25.4 0.7 2,501 -8.7 0.0 3.0 1.7 -7.0 1.0 2.1 1.4 248

2,912.45 15.4 16.3 223,316 -6.4 6.9 820,532 5.7 7.3 1.3 1.1 16.0 16.4 3.5 3.3 217,165 -13.6

Spain number of companies for calculation 27 27 23 27 27 25 27 25 24 27 27 27 27 27 25 23 18

1 Banco Santander 31 Banks (835) 6511 856.17 17.9 40,502 30.9 20.9 170,076 26.6 9.8 2.1 2.3 22.1 30.1 5.0 5.4 69,466

2 Telefonica 34 Fixed line telecommunications (653) 6420 777.00 16.3 9.7 56,731 -2.1 2.2 255,151 1.3 4.0 1.4 1.2 23.7 23.1 3.0 2.7 71,176 -10.3

3 WAM Acquisition 78 Computer services (9533) 7260 250.59 10.3 2,461 -1.7 7,751 0.6 10.2 9.1 22.4 24.7 32.3 29.5

4 Indra Sistemas 103 Computer services (9533) 7260 175.02 5.2 22.0 2,513 5.6 21.3 25,271 3.4 33.5 7.0 7.0 11.4 11.2 6.9 6.8 1,853 -30.0

5 Almirall 141 Pharmaceuticals (4577) 2441 133.33 35.8 33.9 925 2.5 6.3 3,234 -4.5 2.8 14.4 10.9 18.3 17.7 41.2 29.0 1,064 -21.9

6 Acciona 184 Construction & materials (235) 4521 92.20 29.3 59.8 7,873 -37.8 7.9 33,112 -20.1 -2.2 1.2 0.6 10.0 13.3 2.8 1.7 3,653 -35.0

7 Iberdrola 187 Electricity (753) 4011 90.53 23.8 17.4 24,559 -2.5 30.6 32,711 16.4 24.6 0.4 0.3 18.1 17.0 2.8 2.6 26,011 -17.2

8 Abengoa 189 General industrials (272) 7487 89.72 167.5 56.9 4,147 10.0 15.7 23,323 0.4 19.7 2.2 0.9 9.6 8.0 3.8 1.4 1,489 -12.0

9 Repsol YPF 222 Oil & gas producers (53) 1110 75.00 -9.6 1.4 45,883 -20.5 -3.7 39,815 6.5 2.5 0.2 0.1 6.9 8.7 1.9 2.2 19,604 -1.7

10 Fagor Electrodomesticos 233 Household goods & home construction (372) 3663 69.53 24.2 144.4 1,412 -11.9 -6.8 8,405 -14.8 -7.3 4.9 3.5 0.9 0.8 8.3 5.7

11 Zeltia 273 Pharmaceuticals (4577) 2441 54.14 -6.8 2.9 123 17.2 17.4 686 3.8 2.1 43.9 55.2 -24.1 -40.3 78.9 87.9 652 -2.8

12 Industria de Turbo Propulsores 284 Aerospace & defence (271) 3530 50.00 -31.0 -0.5 483 8.2 8.6 2,774 11.3 5.2 10.3 16.2 8.1 1.3 18.0 29.1

13 Gamesa 314 Industrial machinery (2757) 2924 41.86 30.6 8.1 3,187 -22.1 10.1 6,721 -5.5 13.4 1.3 0.8 5.5 5.7 6.2 4.5 1,241 -66.6

14 ACS 324 Construction & materials (235) 4521 40.04 -29.9 20.3 17,443 -24.5 7.4 142,085 2.3 6.1 0.2 0.2 9.2 10.2 0.3 0.4 9,257

15 Obrascon Huarte Lain 462 Construction & materials (235) 4521 21.39 100.7 4,390 9.5 10.2 21,401 26.5 38.7 0.5 0.3 10.1 7.8 1.0 0.6 1,684

16 Amper 629 Telecommunications equipment (9578) 3220 12.59 13.3 30.6 286 -20.5 4.9 1,275 0.4 14.0 4.4 3.1 -1.5 7.6 9.9 8.7 113 -34.9

17 CAF 636 Commercial vehicles & trucks (2753) 3550 12.37 106.4 109.3 1,258 25.2 16.0 5,762 21.1 12.8 1.0 0.6 10.8 10.0 2.1 1.3 983 -15.8

18 Ebro Puleva 715 Food producers (357) 1589 9.68 -16.4 18.1 2,353 -19.3 -2.1 5,693 -17.3 -5.7 0.4 0.4 7.2 7.8 1.7 1.7 1,832 5.0

19 Laboratorios Farmaceuticos Rovi 717 Pharmaceuticals (4577) 2441 9.60 24.1 15.5 142 11.2 11.3 548 2.4 1.9 6.8 6.1 13.8 18.6 17.5 14.5 194

20 Corporacion IBV Participaciones 754 General industrials (272) 7487 8.69 11.6 14.1 1,096 13.1 6.6 2,574 5.7 -22.5 0.8 0.8 5.9 5.8 3.4 3.2

21 Grifols 773 Pharmaceuticals (4577) 2441 8.15 55.0 18.8 913 12.1 12.1 5,984 8.7 12.5 0.9 0.6 24.6 24.5 1.4 1.0 1,687 -34.2

R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %22 FAES Farma 823 Biotechnology (4573) 7310 7.00 -30.8 -3.4 195 0.6 1.8 749 0.9 -2.5 3.6 5.2 13.0 13.2 9.3 13.6 438 -33.2

23 Red Electrica De Espana 823 Electricity (753) 4011 7.00 66.7 23.7 1,200 6.6 8.1 1,641 7.9 4.8 0.6 0.4 44.7 45.9 4.3 2.8 3,992 -9.5

24 CIE Automotive 866 Automobiles & parts (335) 3430 6.15 -46.5 -1.3 1,149 -21.0 6.2 11,991 -10.1 19.3 0.5 0.8 4.4 6.4 0.5 0.9 348 -12.1

25 Pescanova 923 Food producers (357) 501 5.40 10.2 11.5 1,473 9.7 9.1 9,632 0.4 0.4 5.9 5.6 0.6 342 6.7

26 Ercros 961 Chemicals (135) 2466 4.80 -14.6 -7.7 570 -34.2 -7.5 1,819 -6.9 -5.6 0.8 0.6 -9.1 -23.4 2.6 2.9 70 -49.2

27 Nicolas Correa 987 Industrial machinery (2757) 2924 4.50 18.4 48 -58.2 348 9.3 3.3 -11.1 4.2 12.9 15

6,510.60 -6.6 4.0 195,215 -5.5 3.2 873,137 -2.9 2.7 3.3 3.4 8.7 10.2 7.5 7.8 199,613 16.4

Sweden number of companies for calculation 76 75 72 76 75 74 76 75 74 76 75 76 75 76 75 64 59

1 Ericsson 13 Telecommunications equipment (9578) 3220 2,401.68 -12.1 -0.9 20,155 -1.2 5.1 86,360 9.3 10.2 11.9 13.4 2.4 7.2 27.8 34.6 23,696 11.2

2 Volvo 22 Commercial vehicles & trucks (2753) 3550 1,512.03 -4.7 11.2 21,315 -28.1 -5.5 88,084 -9.2 2.3 7.1 5.4 -8.2 4.9 17.2 16.4 16,786 43.7

3 Sandvik 84 Industrial machinery (2757) 2924 235.54 -1.3 9.9 7,022 -22.4 -0.2 47,191 -2.8 5.1 3.4 2.6 -1.9 13.8 5.0 4.9 10,097 23.7

4 Electrolux 97 Household goods & home construction (372) 3663 194.35 -4.8 2.8 10,653 4.1 -3.3 50,633 -8.2 -3.0 1.8 2.0 3.2 0.7 3.8 3.7 4,416 2.6

5 Atlas Copco 111 Industrial machinery (2757) 2924 155.99 -7.0 3.6 6,224 -14.0 1.3 31,085 -8.9 8.4 2.5 2.3 14.2 18.5 5.0 4.9 13,126 32.7

6 Vattenfall 119 Electricity (753) 4011 148.18 -11.3 20.2 20,050 24.8 12.1 36,655 11.7 4.3 0.7 1.0 13.5 18.2 4.0 5.1

7 SKF 150 Industrial machinery (2757) 2924 120.75 3.2 11.1 5,488 -11.3 1.9 38,530 -10.8 -1.1 2.2 1.9 5.7 12.1 3.1 2.7 5,712 20.1

8 SAAB 157 Aerospace & defence (271) 3530 116.55 -17.0 6.8 2,406 3.6 5.4 13,045 -1.2 0.5 4.8 6.0 5.6 0.2 8.9 10.6 985 17.1

9 Hexagon 160 Industrial machinery (2757) 2924 111.08 -9.3 8.4 1,153 -18.4 -4.3 7,549 -16.7 -1.3 9.6 8.7 12.3 16.9 14.7 13.5 3,018 61.5

10 Getinge 169 Health care equipment & services (453) 3310 107.47 23.2 31.8 2,227 18.4 20.6 12,146 4.5 17.7 4.8 4.6 13.5 14.9 8.8 7.5 3,252 39.7

11 TeliaSonera 185 Fixed line telecommunications (653) 6420 92.05 -16.3 -27.7 10,656 5.4 6.2 28,815 -4.1 2.2 0.9 1.1 27.9 27.7 3.2 3.7 22,801 17.4

12 Nordea Bank 188 Banks (835) 6511 90.00 -29.1 -3.5 9,073 10.6 7.1 33,118 -2.4 3.2 1.0 1.5 33.9 41.4 2.7 3.7 26,699 -7.6

13 Assa Abloy 198 Construction & materials (235) 2682 86.97 0.1 7.4 3,421 0.4 4.0 29,375 -10.2 -2.0 2.5 2.5 12.7 12.0 3.0 2.7 5,058 31.1

14 SCA 221 Forestry & paper (173) 2125 75.07 19.8 8.6 10,821 0.4 3.0 49,531 -4.7 -1.0 0.7 0.6 7.3 7.6 1.5 1.2 6,896 8.2

15 Husqvarna 235 Industrial machinery (2757) 2924 67.84 20.7 21.7 3,326 5.4 5.0 15,030 -4.4 9.6 2.0 1.8 4.6 7.4 4.5 3.6 4,632 14.5

16 Biovitrum (now Swedish Orphan Biovitrum) 246 Biotechnology (4573) 7310 63.95 48.7 13.1 127 13.7 2.6 433 -10.7 -9.8 50.5 38.6 1.1 -33.9 147.7 88.7 749 150.3

17 Alfa Laval 248 Industrial machinery (2757) 2924 63.25 -0.9 7.2 2,542 -6.5 9.6 11,773 -0.4 5.9 2.5 2.3 15.5 20.2 5.4 5.4 4,381 38.3

18 Trelleborg 285 General industrials (272) 7487 49.49 4.3 -6.0 2,641 -13.4 -0.3 20,073 -17.6 -3.7 1.9 1.6 2.8 1.1 2.5 1.9 1,133 27.1

19 Elekta 291 Health care equipment & services (453) 3310 48.42 25.6 10.2 653 31.6 14.8 2,446 15.8 11.8 7.4 7.8 12.4 13.0 19.8 18.2 1,837 97.2

20 Swedish Road Administration 330 Industrial transportation (277) 6340 39.10 23.9 14.0 1,238 -28.8 -3.7 2,919 -55.7 -23.2 3.2 1.8 -22.5 -4.1 13.4 4.8

21 Axis 344 Computer hardware (9572) 3002 36.10 25.6 28.7 225 16.5 24.1 764 15.2 21.4 16.1 14.9 15.5 16.8 47.2 43.4 574 22.7

22 Haldex 356 Automobiles & parts (335) 3430 33.97 13.0 3.2 549 -33.1 -10.7 4,281 -28.7 -2.9 6.2 3.7 -5.3 1.1 7.9 5.0 312 158.4

23 Meda 357 Pharmaceuticals (4577) 2441 33.77 -10.4 35.4 1,286 23.4 35.9 2,627 3.9 16.4 2.6 3.6 22.0 21.6 12.9 14.9 1,658 -3.3

24 Lantmannen 376 Food producers (357) 501 31.04 19.5 -4.8 3,426 -17.6 3.1 10,552 -16.7 -6.3 0.9 0.6 0.5 1.0 2.9 2.0

25 Octapharma Nordic 416 Pharmaceuticals (4577) 2441 25.96 53.3 9.9 703 12.9 7.2 3,977 31.0 34.3 3.7 2.7 27.7 27.7 6.5 5.6

26 Posten Norden 445 Industrial transportation (277) 6412 23.43 860.2 118.5 4,267 41.8 16.3 47,319 46.6 12.3 0.5 0.1 7.1 5.9 0.5 0.1

27 LKAB 448 Mining (177) 1450 23.13 -23.1 15.0 1,128 -50.0 -7.5 3,778 -7.5 0.4 2.1 1.3 5.7 44.6 6.1 7.4

28 IBS 453 Software (9537) 7221 22.32 11.4 -10.4 178 -10.6 -7.2 1,145 -29.0 -15.1 12.6 10.1 -18.1 -13.5 19.5 12.4 40 -51.3

29 Boliden 467 Mining (177) 1450 21.18 -42.3 0.3 2,698 -10.8 -7.8 4,379 -5.0 -1.0 0.8 1.2 13.1 3.2 4.8 8.0 2,204 5.2

30 Industrial and Financial Systems 470 Software (9537) 7221 20.99 6.4 7.1 253 2.8 5.4 2,681 0.7 0.5 8.3 8.0 7.6 6.2 7.8 7.4 208 24.6

31 Active Biotech 478 Biotechnology (4573) 7310 20.37 3.6 8.6 1 -79.2 -45.5 90 0.0 0.4 1,938.1 389.1 -2,039.3 -359.7 226.3 218.5 632 122.3

32 Eniro 482 Media (555) 2222 20.21 27.8 19.6 642 -1.0 -0.6 5,096 4.8 2.0 3.1 2.4 10.5 6.2 4.0 3.3 191 -61.7

33 Seco Tools 488 Industrial machinery (2757) 2924 19.82 -10.2 1.3 477 -25.2 -3.6 4,545 -9.9 3.5 4.2 3.5 6.3 20.4 4.4 4.4 871 6.2

34 SSAB 491 Industrial metals & mining (175) 2710 19.52 -20.0 10.1 2,913 -52.1 -1.3 8,334 -9.1 -1.6 0.7 0.4 -6.5 16.4 2.3 2.7 3,065 -0.6

35 Bioinvent 493 Biotechnology (4573) 7310 19.21 -3.6 13.3 8 -68.0 16.6 105 6.1 2.7 244.0 81.0 -222.6 2.6 183.0 201.4 178 24.4

36 Micronic Laser Systems (now Micronic Mydata) 530 Semiconductors (9576) 3210 17.15 -0.3 -7.5 81 45.8 -11.7 613 54.0 9.9 21.2 31.0 -17.6 -23.8 28.0 43.2 98 8.5

37 Orexo 536 Pharmaceuticals (4577) 2441 16.50 -26.8 22.5 23 1.2 21.4 124 0.8 35.4 71.6 98.9 -42.0 -48.2 133.1 183.2 88 6.8

38 Q-Med 541 Health care equipment & services (453) 3663 16.38 -27.4 -4.4 133 7.2 1.5 660 -8.5 3.8 12.3 18.2 18.5 3.9 24.8 31.3 591 31.7

39 Nolato 544 Chemicals (135) 2466 16.30 -21.6 -8.2 254 -7.9 -1.2 4,308 -4.9 1.3 6.4 7.5 6.1 8.2 3.8 4.6 171 60.1

40 Intrum Justitia 546 Other financials (877) 6523 16.27 22.1 37.4 403 12.2 12.0 3,372 1.6 4.5 4.0 3.7 14.3 15.5 4.8 4.0 604 5.5

41 Perstorp 558 Chemicals (135) 2466 15.62 45.5 23.5 1,224 2.6 19.9 2,408 4.9 12.9 1.3 0.9 -2.2 4.4 6.5 4.7

42 Enea 613 Software (9537) 7221 13.19 -9.1 11.1 76 -15.2 1.2 666 -8.4 10.0 17.4 16.2 -0.5 8.0 19.8 20.0 69 1.0

43 Karo Bio 644 Biotechnology (4573) 7310 12.03 -24.2 8.7 1 -44.9 -48.9 67 6.3 -2.4 2,091.5 1,520.2 -2,667.3 -1,793.0 179.5 251.7 102 11.5

44 Svenska Handelsbanken 650 Banks (835) 6511 11.71 -30.2 19.1 3,230 9.6 3.8 10,821 -0.1 2.1 0.4 0.6 41.6 50.7 1.1 1.5 11,948 14.9

45 Medivir 656 Pharmaceuticals (4577) 2441 11.58 -7.8 -26.0 3 -74.8 -41.2 93 -7.0 -9.4 461.8 126.2 -544.4 -111.5 124.5 125.6 272 130.8

46 Skanditek (now part of Bure Equity) 660 Other financials (877) 6523 11.44 0.2 4.0 73 9.4 2.0 441 25.6 8.2 15.8 17.2 9.7 1.2 25.9 32.5

47 Hoganas 689 Industrial metals & mining (175) 2710 10.35 -12.4 -3.2 446 -25.1 -3.7 1,440 -9.4 -3.0 2.3 2.0 6.4 8.6 7.2 7.4 614 47.8

48 Lansforsakringar 707 Banks (835) 6511 9.89 -34.8 146.0 678 119.7 181.2 1,433 -3.8 3.8 1.5 4.9 10.0 -107.4 6.9 10.2

49 NIBE Industrier 717 Household goods & home construction (372) 3663 9.60 1.3 0.5 561 -1.0 5.1 5,519 4.6 2.6 1.7 1.7 11.0 10.2 1.7 1.8 548 10.7

50 Swedish Match 724 Tobacco (378) 1600 9.37 9.1 0.4 1,434 11.6 4.4 11,037 -7.0 -4.0 0.7 0.7 24.4 22.9 0.8 0.7 3,683 8.5

51 Cardo 732 Construction & materials (235) 2682 9.18 -13.8 -15.0 861 -11.3 1.0 5,599 -8.6 -1.9 1.1 1.1 6.2 9.2 1.6 1.7 562 16.3

52 Orc Software 749 Software (9537) 7221 8.86 -5.8 1.5 69 24.9 19.0 253 -8.0 3.7 12.9 17.1 29.4 16.5 35.0 34.2 283 44.5

53 Readsoft 760 Software (9537) 7221 8.46 -2.1 17.5 60 5.7 10.3 450 -0.7 10.9 14.0 15.2 2.0 1.6 18.8 19.1 31 -8.2

54 Cision 765 Support services (279) 7487 8.30 -16.7 1.1 145 -16.5 -8.1 1,979 -20.9 -10.5 5.7 5.7 -17.4 -9.7 4.2 4.0 75 40.3

55 Sodra 768 Forestry & paper (173) 201 8.20 -5.6 18.9 1,630 -1.7 1.2 3,833 -0.9 0.4 0.5 0.5 2.4 4.6 2.1 2.2

56 Munters 778 Industrial machinery (2757) 2924 8.00 -3.5 16.4 637 -0.7 4.5 4,087 -4.8 3.9 1.3 1.3 4.8 5.5 2.0 1.9 369 9.8

57 Gunnebo 785 General retailers (537) 9305 7.80 -4.9 -7.2 663 -1.7 0.3 6,041 -6.4 -4.6 1.2 1.2 -1.3 4.1 1.3 1.3 215 50.0

58 Ratos 792 Other financials (877) 6523 7.71 -22.6 2,573 -1.8 17.7 16,112 3.1 18.7 0.3 0.4 5.2 4.4 0.5 0.6 3,104 12.2

59 Beijer Electronics 807 Electronic equipment (2737) 3210 7.42 -14.6 23.0 106 -14.7 14.0 534 -10.1 19.4 7.0 7.0 5.8 9.0 13.9 14.6 83 35.2

60 Net Insight 838 Telecommunications equipment (9578) 3220 6.71 -2.1 -9.7 23 -15.1 20.0 116 14.9 13.2 29.5 25.6 14.6 13.8 57.8 67.8 163 -15.8

61 Anoto 883 Computer hardware (9572) 3002 5.88 -27.9 -22.4 20 13.0 23.7 113 -11.0 -2.3 29.3 45.9 -10.6 20.3 52.0 64.2 42 -15.5

62 Fagerhult 886 Electrical components & equipment (2733) 3162 5.86 7.0 10.2 238 -12.1 4.1 1,881 -4.9 4.7 2.5 2.0 4.3 9.8 3.1 2.8 144 9.5

63 Opcon 892 Industrial machinery (2757) 2924 5.78 64.4 43.7 67 61.0 18.3 363 3.1 -5.6 8.6 8.4 4.4 -4.3 15.9 10.0 63

64 Skanska 903 Construction & materials (235) 4521 5.66 -17.1 -7.0 13,354 -4.8 2.9 52,931 -8.4 -1.9 0.0 0.0 3.8 1.5 0.1 0.1 4,523 15.5

65 RaySearch Laboratories 921 Health care equipment & services (453) 3310 5.46 16.3 26.3 8 33.5 6.7 52 4.0 22.9 66.8 76.7 48.8 34.1 105.0 93.9 74 17.8

66 Aerocrine 922 Health care equipment & services (453) 3310 5.42 -11.0 8.7 10 20.0 19.4 55 -23.6 11.2 56.2 75.7 -85.0 -164.7 98.5 84.6 48 46.8

67 AF 935 Support services (279) 7487 5.17 24.1 457 14.5 4,182 9.7 1.1 8.1 1.2 310

68 Betsson 940 Travel & leisure (575) 9271 5.07 18.0 25.1 127 25.2 49.2 226 46.8 26.0 4.0 4.2 24.4 26.8 22.4 27.9 311

69 Lindab International 948 Construction & materials (235) 2682 4.98 -17.7 5.8 685 -28.7 -2.7 4,586 -14.9 -0.7 0.7 0.6 3.6 11.7 1.1 1.1 622 25.4

70 Systemair 955 Industrial machinery (2757) 2924 4.88 0.0 325 7.8 1,925 7.8 1.5 1.6 10.6 12.4 2.5 2.7 351

71 Stena 955 Travel & leisure (575) 6330 4.88 56.2 2,727 5.8 6.9 10,236 5.1 8.4 0.2 0.1 13.8 14.9 0.5 0.3

72 Recipharm 978 Pharmaceuticals (4577) 2441 4.62 14.3 185 32.9 1,397 16.0 2.5 2.9 3.2 4.1 3.3 3.4

73 Diamyd Medical 980 Pharmaceuticals (4577) 2441 4.61 13.2 26.9 0 -44.3 -36.5 14 27.3 15.9 4,267.6 2,098.5 -7,625.9 -3,368.6 329.2 370.1 326 241.6

74 Investment AB Kinnevik 982 Other financials (877) 6523 4.59 -19.0 -14.0 820 8.8 7.3 1,996 -2.5 -3.9 0.6 0.8 196.7 -335.3 2.3 2.8 3,527 46.7

R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %75 Studsvik 987 Support services (279) 7487 4.50 2.9 5.0 119 -5.4 -0.1 1,132 0.2 -4.0 3.8 3.5 -3.0 0.9 4.0 3.9 50 12.5

76 Niscayah 993 Support services (279) 7487 4.48 50.5 27.8 744 -4.8 6.2 5,578 -11.0 1.0 0.6 0.4 6.5 -2.9 0.8 0.5 344

9,510.14 -3.3 1.2 262,702 -8.5 -1.7 1,031,270 -4.5 0.6 3.6 3.4 3.3 1.7 9.2 9.1 135,134 9.8

The Netherlands number of companies for calculation 52 51 46 52 50 49 51 50 48 51 49 51 50 51 49 41 37

1 EADS 10 Aerospace & defence (271) 3530 2,878.00 4.4 0.1 42,822 -1.0 2.8 119,506 1.0 0.8 6.7 6.4 -1.1 6.3 24.1 23.3 13,073 18.0

2 Philips Electronics 17 Leisure goods (374) 3230 1,714.00 6.3 -0.4 23,189 -12.5 -9.1 117,587 -7.0 -9.9 7.4 6.1 2.9 -0.3 14.6 12.8 19,816 27.6

3 STMicroelectronics 20 Semiconductors (9576) 3210 1,547.92 8.4 11.3 5,931 -13.5 -4.7 51,560 -0.5 -0.1 26.1 20.8 -16.9 -6.3 30.0 27.6 4,800 -0.6

4 NXP 47 Semiconductors (9576) 3210 535.26 -35.9 2,678 -29.4 28,150 -6.7 20.0 22.0 -19.3 -46.8 19.0 27.7

5 ASML 52 Semiconductors (9576) 3210 466.76 -12.6 6.7 1,596 -46.0 -23.7 6,024 -11.9 4.2 29.2 18.1 -6.3 12.5 77.5 78.0 8,422 9.7

6 DSM 59 Chemicals (135) 2466 397.00 0.8 6.7 7,866 -15.4 -2.1 22,738 -1.8 2.0 5.0 4.2 2.3 8.8 17.5 17.0 5,741 36.3

7 AKZO Nobel 67 Chemicals (135) 2466 318.00 -4.8 -28.9 13,893 -9.9 0.4 58,600 -4.4 -1.8 2.3 2.2 6.4 -3.9 5.4 5.4 8,897 -0.5

8 Rabobank 85 Banks (835) 6511 221.00 36.4 7.5 11,275 -3.5 5.9 59,939 4.0 7.6 2.0 1.4 23.1 24.4 3.7 2.8

9 Oce (now part of Canon, Japan) 86 Electronic office equipment (9574) 3001 218.32 -14.4 2.7 2,648 -9.0 -5.2 21,635 -6.5 -3.1 8.2 8.8 -0.7 1.2 10.1 11.0 466 58.5

10 TomTom 128 Electronic equipment (2737) 3210 145.71 1.6 57.2 1,480 -11.6 2.8 3,294 21.9 73.8 9.8 8.6 14.7 -48.6 44.2 53.0 879 -50.4

11 ING 142 Life insurance (857) 6601 132.00 -68.6 48,226 -27.7 -13.2 107,173 -14.0 -3.6 0.3 0.6 -3.2 -2.2 1.2 3.4 24,859

12 Gemalto 172 Electronic equipment (2737) 3210 104.60 6.3 5.8 1,633 -1.6 7.4 10,000 0.0 -2.3 6.4 5.9 8.4 7.8 10.5 9.8 2,324 2.6

13 KPN 214 Fixed line telecommunications (653) 6420 79.00 5.3 66.9 13,451 -6.8 4.0 34,925 -12.9 9.9 0.6 0.5 20.8 17.3 2.3 1.9 15,407 -11.0

14 Qiagen 220 Biotechnology (4573) 7310 75.20 10.9 38.3 704 13.1 29.4 3,495 14.9 21.4 10.7 10.9 18.1 16.5 21.5 22.3 2,927 1.5

15 ASM International 249 Semiconductors (9576) 3210 62.81 -16.3 -11.5 591 -21.0 -12.4 11,242 -6.5 3.6 10.6 10.0 -4.4 7.4 5.6 6.2 862 29.5

16 FrieslandCampina 269 Food producers (357) 1589 55.00 7.8 31.8 8,160 -13.7 20.4 20,034 -2.6 9.4 0.7 0.5 3.3 2.6 2.7 2.5

17 Crucell 272 Biotechnology (4573) 7310 54.60 4.9 0.9 338 26.6 37.0 1,188 4.0 3.5 16.1 19.5 10.1 0.9 46.0 45.6 1,131 4.7

18 Unit 4 Agresso 301 Software (9537) 7221 45.01 -6.1 17.1 383 -4.2 -2.6 3,570 1.8 14.5 11.7 12.0 8.5 4.9 12.6 13.7 440 33.4

19 CSM 345 Food producers (357) 1589 35.30 -1.9 6.3 2,556 -1.7 -1.7 8,382 -1.6 1.2 1.4 1.4 5.6 4.2 4.2 4.2 1,272 36.4

20 Stork 405 Industrial machinery (2757) 2924 27.07 26.8 -17.5 1,626 -8.3 -6.8 13,469 -1.0 1.9 1.7 1.2 1.7 4.9 2.0 1.6

21 SBM Offshore 406 Oil equipment, services & distribution (57) 1120 27.00 15.2 16.3 2,061 -3.4 14.1 3,539 8.5 14.5 1.3 1.1 9.9 8.8 7.6 7.2 1,873 -7.2

22 BE Semiconductor Industries 447 Semiconductors (9576) 3210 23.25 48.0 11.9 148 -1.0 -8.2 1,294 10.5 4.9 15.7 10.5 4.4 -20.2 18.0 13.4 126 35.1

23 Pharming 450 Biotechnology (4573) 7310 22.70 12.2 40.1 0 857.1 31.6 95 23.4 15.9 6,776.7 57,794.3 -8,540.0 -85,988.6 239.0 262.7 54 -15.4

24 Exact 452 Software (9537) 7221 22.36 6.2 7.5 233 -10.9 -1.3 2,362 -8.1 -3.7 9.6 8.1 19.5 18.9 9.5 8.2 404 -10.2

25 LeasePlan 473 Other financials (877) 6523 20.92 27.1 38.5 5,990 577.0 83.8 5,919 -0.8 -2.1 0.3 1.9 3.4 28.0 3.5 2.8

26 Hunter Douglas 491 Household goods & home construction (372) 3614 19.52 -20.0 1.2 1,656 -19.2 -3.3 16,818 -12.6 -5.7 1.2 1.2 3.9 4.4 1.2 1.3 942 -2.6

27 Eureko 497 Life insurance (857) 6601 19.00 -50.0 0.7 23,671 35.0 9.3 23,676 -5.0 2.8 0.1 0.2 6.4 -14.9 0.8 1.5

28 Eurand 528 Pharmaceuticals (4577) 2441 17.22 19.6 17.2 121 22.4 13.3 620 10.1 8.5 14.3 14.6 -3.8 15.1 27.8 25.6 291 -34.6

29 Vanderlande Industries 561 Industrial machinery (2757) 2924 15.48 4.7 7.1 549 -16.3 3.5 1,991 8.0 11.4 2.8 2.3 7.8 8.4 7.8 8.0

30 Nutreco 589 Food producers (357) 501 14.10 -6.6 -16.4 4,512 -8.7 13.3 9,120 -3.3 7.7 0.3 0.3 3.1 3.7 1.5 1.6 1,479 37.3

31 TKH 592 Electrical components & equipment (2733) 3162 13.98 6.1 23.0 724 -24.9 3.5 3,564 -8.2 6.4 1.9 1.4 1.8 7.5 3.9 3.4 475 22.4

32 Royal Ten Cate 615 General industrials (272) 7487 13.10 50.6 17.4 842 -18.4 3.0 3,805 -14.2 2.5 1.6 0.8 3.0 7.3 3.4 2.0 450 28.9

33 TNT 616 Industrial transportation (277) 6412 13.00 -64.9 -37.8 10,278 -6.4 -9.2 159,663 -2.2 4.7 0.1 0.3 5.8 8.4 0.1 0.2 6,912 10.6

34 Amsterdam Molecular Therapeutics 622 Biotechnology (4573) 7310 12.89 -0.1 41.4 0 -100.0 83 -7.8 24.5 155.3 143.3 35 -28.6

35 Sensata Technologies 650 Electronic equipment (2737) 3210 11.71 -56.1 -15.5 792 -20.3 -1.8 9,500 2.4 14.1 1.5 2.7 5.0 4.8 1.2 2.9

36 Chicago Bridge & Iron Company 668 Industrial machinery (2757) 2924 11.19 -20.3 50.2 3,176 -23.4 13.4 15,755 -16.3 9.2 0.4 0.3 6.9 0.9 0.7 0.7 1,456 46.9

37 Nedap 694 Electronic equipment (2737) 3210 10.25 -4.5 -3.3 115 -19.4 -6.0 652 1.2 1.7 8.9 7.5 1.1 13.3 15.7 16.7 103 -2.0

38 IHC Merwede 703 Commercial vehicles & trucks (2753) 3550 10.10 26.3 24.8 1,126 3.3 38.7 3,060 16.7 18.6 0.9 0.7 6.9 8.9 3.3 3.0

39 Ballast Nedam 704 Construction & materials (235) 4521 10.00 1,384 -2.9 1.8 3,947 0.2 2.2 0.7 1.2 2.9 2.5 97

40 Spyker Cars 709 Automobiles & parts (335) 3410 9.80 61.3 3.1 7 -15.9 -43.3 131 -0.8 -28.0 148.3 77.4 -292.4 -278.1 74.8 46.0 34 53.1

41 Movetis 746 Biotechnology (4573) 7310 8.89 -30.0 0 33 10.0 37,050.0 -65,237.5 269.5 423.7 352

42 Wavin 753 Construction & materials (235) 2682 8.75 -14.1 -16.5 1,160 -26.7 -8.3 6,709 -14.7 0.0 0.8 0.6 2.9 5.5 1.3 1.3 449 -9.3

43 Head 775 Leisure goods (374) 3663 8.10 -12.0 -7.1 319 -2.1 -4.5 2,165 -6.3 3.3 2.5 2.8 0.5 0.6 3.7 4.0 36 155.0

44 Royal Cosun 785 Food producers (357) 1589 7.80 -10.3 1.3 1,758 4.1 6.2 4,443 4.1 1.8 0.4 0.5 5.3 5.1 1.8 2.0

45 AMG Advanced Metallurgical 830 Industrial metals & mining (175) 2745 6.95 21.0 35.1 652 -38.4 0.1 1.1 0.5 -7.1 3.9 167 -20.6

46 Brit Insurance Holdings 863 Nonlife insurance (853) 6603 6.19 -1.8 -6.0 1,804 31.4 11.4 734 -6.0 3.3 0.3 0.5 7.3 7.3 8.4 8.1 1,373 94.0

47 Imtech 868 Support services (279) 7487 6.08 35.7 4,321 12.0 15.2 22,955 2.0 11.9 0.1 0.1 4.9 4.8 0.3 0.2 1,817 35.3

48 Gamma 880 Industrial machinery (2757) 2924 5.90 37.2 -14.1 723 -11.4 -6.8 6,595 -11.1 -0.9 0.8 0.5 -3.8 -2.2 0.9 0.6 171 410.4

49 Fugro 882 Oil equipment, services & distribution (57) 1120 5.89 -26.1 -5.0 2,053 -4.7 12.7 13,587 4.7 13.6 0.3 0.4 17.7 17.8 0.4 0.6 3,223 22.5

50 Telegraaf Media 910 Media (555) 2222 5.58 -24.7 -26.2 619 -14.2 -7.6 2,988 -9.5 -10.4 0.9 1.0 8.9 -27.4 1.9 2.2 611 -7.8

51 Havenbedrijf Rotterdam 944 Industrial transportation (277) 6340 5.00 0.0 0.0 507 -0.2 4.6 1,221 2.3 -1.8 1.0 1.0 43.3 37.9 4.1 4.2

52 Vistaprint 952 Support services (279) 7487 4.93 -19.8 360 -10.3 1,735 1.4 1.5 11.8 10.4 2.8 891

20,025.02 -0.6 6.3 1,314,480 -6.2 4.7 4,686,214 0.6 4.0 1.5 1.4 10.5 8.9 4.3 4.3 1,468,428 11.8

UK number of companies for calculation 246 244 225 246 238 227 245 244 235 239 237 239 238 245 244 171 168

1 GlaxoSmithKline 6 Pharmaceuticals (4577) 2441 4,084.44 9.5 1.8 31,928 16.5 6.9 98,854 -2.3 -1.0 12.8 13.6 26.8 29.4 41.3 36.9 71,564 5.8

2 AstraZeneca 8 Pharmaceuticals (4577) 2441 3,090.26 -12.0 4.5 22,863 3.8 7.4 63,900 -3.3 -1.4 13.5 15.9 34.6 29.0 48.4 53.1 53,415 18.4

3 BT 26 Fixed line telecommunications (653) 6420 1,158.14 -8.0 -2.8 23,477 -2.5 1.0 101,700 -8.0 -1.1 4.9 5.2 10.1 2.1 11.4 11.4 12,087 3.2

4 Unilever 28 Food producers (357) 1589 891.00 -3.9 -0.6 39,823 -1.7 -0.7 168,000 -3.4 -3.9 2.2 2.3 12.9 12.6 5.3 5.3 56,515 -2.5

5 Royal Dutch Shell 33 Oil & gas producers (53) 1110 784.07 -11.1 8.3 193,882 -39.3 -4.4 101,000 -1.0 -2.2 0.4 0.3 7.0 11.1 7.8 8.7 122,969 11.3

6 Royal Bank of Scotland 40 Banks (835) 6511 629.16 -7.1 13.5 43,546 36.0 11.4 194,500 -15.2 10.9 1.4 2.1 -6.7 -140.9 3.2 3.0 30,645 4.7

7 HSBC 48 Banks (835) 6511 531.77 -0.1 9.0 54,802 -11.2 3.9 309,516 -6.6 1.5 1.0 0.9 9.0 10.5 1.7 1.6 129,301 1.9

8 Rolls-Royce 49 Aerospace & defence (271) 3530 530.11 -3.9 4.6 11,721 14.7 13.3 38,500 -1.3 1.1 4.5 5.4 11.3 9.4 13.8 14.1 11,676 28.7

9 BP 57 Oil & gas producers (53) 1110 409.11 -1.3 14.1 166,760 -33.7 -3.5 85,200 -11.0 -4.3 0.2 0.2 10.1 9.4 4.8 4.3 88,062 -17.4

10 Shire 62 Pharmaceuticals (4577) 2441 390.22 16.2 22.8 2,098 -0.5 18.8 3,875 2.8 10.6 18.6 15.9 20.1 10.6 100.7 89.1 9,319 48.2

11 Vodafone 64 Mobile telecommunications (657) 6420 341.03 8.2 10.9 50,053 8.4 12.0 84,990 7.5 8.5 0.7 0.7 21.5 14.2 4.0 4.0 90,980 21.6

12 Barclays 71 Banks (835) 6511 297.13 -3.6 40.6 35,810 36.2 12.8 153,800 1.5 9.0 0.8 1.2 16.0 24.0 1.9 2.0 42,979 -3.6

13 BAE Systems 76 Aerospace & defence (271) 7522 263.37 9.9 13.0 22,931 22.2 18.2 94,000 4.4 6.0 1.1 1.3 4.4 8.6 2.8 2.7 11,853 -9.0

14 Reed Elsevier 94 Media (555) 2222 201.47 55.7 18.3 6,833 13.6 4.0 33,300 1.2 -3.3 2.9 2.2 13.1 16.7 6.1 3.9 13,336 15.2

15 Sage 96 Software (9537) 7221 196.51 25.0 22.5 1,620 11.1 15.4 14,352 -4.6 10.9 12.1 10.8 19.3 20.6 13.7 10.5 3,543 12.9

16 BAT 106 Tobacco (378) 1600 171.08 10.1 16.2 15,991 17.2 13.3 61,053 8.7 3.5 1.1 1.1 32.2 32.5 2.8 2.8 48,899 14.4

17 Amdocs 125 Software (9537) 7221 146.63 -6.7 4.1 1,995 -9.5 4.9 17,244 -7.0 2.0 7.3 7.1 12.6 12.8 8.5 8.5 3,747 7.6

18 Invensys 126 Software (9537) 7221 146.32 14.0 13.5 2,524 -1.8 -4.6 20,357 -8.0 -9.9 5.8 5.0 10.2 7.8 7.2 5.8 2,214 -5.7

19 NDS 133 Software (9537) 7221 141.60 2.1 11.8 567 -4.3 10.7 4,018 6.4 13.3 25.0 23.4 5.8 19.9 35.2 36.7

20 Reckitt Benckiser 134 Household goods & home construction (372) 3663 137.31 16.2 14.2 8,726 18.1 16.4 24,900 2.5 4.4 1.6 1.6 24.4 22.9 5.5 4.9 24,604 11.5

21 Rio Tinto 140 Mining (177) 1450 134.51 -37.1 134.3 29,150 -22.9 23.0 95,608 -3.2 46.1 0.5 0.6 16.0 15.7 1.4 2.2 81,419 25.9

22 Tesco 146 Food & drug retailers (533) 5227 124.93 -42.2 -4.9 64,052 4.8 10.1 472,094 0.8 4.6 0.2 0.4 5.5 5.7 0.3 0.5 36,224 11.3

23 ARM 153 Semiconductors (9576) 3210 117.68 36.3 11.9 343 2.0 5.0 1,723 0.7 5.4 34.3 25.7 14.9 20.1 68.3 50.5 4,565 161.8

24 Misys 155 Software (9537) 7221 116.94 4.3 5.5 880 13.0 -4.7 6,130 13.3 0.3 13.3 14.4 15.9 6.8 19.1 20.7 1,582 39.3

R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %25 CSR 156 Telecommunications equipment (9578) 3220 116.82 9.7 15.3 419 -13.5 -5.1 1,167 11.2 12.7 27.9 22.0 -2.6 -1.1 100.1 101.5 649 -30.2

26 Merial 159 Biotechnology (4573) 7310 115.28 3.8 4.2 1,857 8.0 9.3 5,646 4.9 1.3 6.2 6.5 25.5 26.8 20.4 20.6

27 BHP Billiton 165 Mining (177) 1450 108.72 -36.1 27.1 34,994 -15.6 16.0 40,990 -1.8 7.3 0.3 0.4 24.1 40.3 2.7 4.1 130,573 12.4

28 RSA Insurance 166 Nonlife insurance (853) 6601 108.05 37.1 0.7 8,394 4.4 6.7 22,686 1.0 -1.5 1.3 1.0 7.5 10.4 4.8 3.5 4,945 8.3

29 Smith & Nephew 167 Health care equipment & services (453) 3310 108.03 2.0 8.9 2,629 -0.8 10.7 9,764 0.1 3.4 4.1 4.0 19.6 16.9 11.1 10.9 5,702 21.5

30 GKN 171 Automobiles & parts (335) 3430 106.92 -2.1 8.2 4,753 -3.5 5.1 35,315 -7.4 -0.7 2.2 2.2 1.3 -1.9 3.0 2.9 2,371 16.8

31 Smiths 177 General industrials (272) 7487 100.40 23.0 -25.6 2,999 14.8 -8.9 21,800 -3.5 -11.4 3.3 3.1 12.9 12.8 4.6 3.6 5,061 46.7

32 Cobham 178 Aerospace & defence (271) 3530 99.50 25.2 21.5 2,116 28.2 22.8 12,044 12.5 8.2 4.7 4.8 15.2 8.8 8.3 7.4 2,810 11.3

33 Johnson Matthey 180 Chemicals (135) 2466 98.14 5.7 11.2 8,823 -0.1 7.5 8,575 -7.4 1.5 1.1 1.1 3.1 3.6 11.4 10.0 3,955 16.0

34 Autonomy 199 Software (9537) 7221 86.08 37.9 31.1 516 47.0 43.4 1,684 34.9 23.1 16.7 17.8 36.8 36.6 51.1 50.0 4,261 23.0

35 Cadbury (now part of Kraft Foods, USA) 209 Food producers (357) 1589 81.04 12.5 1.4 6,840 -10.3 -6.8 45,179 -17.5 -12.3 1.2 0.9 8.6 8.4 1.8 1.3

36 Pace 211 Telecommunications equipment (9578) 3220 80.71 20.4 31.8 1,276 52.0 43.1 1,058 38.8 19.9 6.3 8.0 6.1 1.9 76.3 88.0 717 -3.0

37 Meggitt 223 Aerospace & defence (271) 3530 74.28 11.1 20.7 1,295 -1.0 19.7 7,546 -8.1 7.8 5.7 5.1 20.2 14.7 9.8 8.1 2,096 33.1

38 Serco 225 Support services (279) 7487 72.48 1.3 -5.9 4,468 27.1 15.9 57,710 35.2 12.9 1.6 2.0 5.4 4.8 1.3 1.7 2,995 29.9

39 Lloyds Banking 228 Banks (835) 6511 70.91 -21.2 7.3 50,982 545.9 32.0 132,000 98.6 20.2 0.1 1.1 2.3 11.5 0.5 1.4 53,816 73.8

40 British Sky Broadcasting 228 Media (555) 9220 70.91 18.9 46.6 6,032 8.2 8.9 14,922 5.5 10.0 1.2 1.1 12.0 2.5 4.8 4.2 13,988 33.8

41 Eidos (now part of Square Enix of Europe) ! 232 Leisure goods (374) 3650 69.78 -14.1 2.6 119 -20.8 -16.1 987 -8.6 3.1 58.6 54.0 -110.2 -102.5 70.7 75.2

42 Spectris 242 Electrical components & equipment (2733) 3162 65.50 2.1 9.2 886 0.0 4.8 5,764 0.8 -0.5 7.4 7.2 8.7 14.5 11.4 11.2 1,166 52.6

43 Marks & Spencer 244 General retailers (537) 5212 64.04 -52.1 7.2 10,733 5.2 3.5 76,267 -2.1 0.2 0.6 1.3 8.8 9.5 0.8 1.7 5,904 0.0

44 BBC 263 Media (555) 9220 56.39 4.8 50.8 5,056 4.2 4.7 22,861 -0.1 -0.3 1.1 1.1 -1.6 -3.1 2.5 2.4

45 LCH Clearnet 266 Other financials (877) 6523 56.00 225.9 11.8 573 14.6 17.9 595 16.4 7.4 9.8 3.4 51.2 51.5 94.1 33.6

46 Dyson James 267 Household goods & home construction (372) 3663 55.30 -6.1 11.4 707 2.8 10.1 2,461 11.7 13.6 7.8 8.6 14.3 14.6 22.5 26.7

47 ICAP 268 Other financials (877) 6523 55.15 75.0 56.4 1,833 1.7 13.8 4,502 6.4 9.1 3.0 1.7 12.0 18.1 12.3 7.4 2,869 -11.7

48 Tomkins 270 General industrials (272) 7487 54.78 -15.2 -2.7 2,913 -24.2 -8.0 26,797 -17.4 -11.2 1.9 1.7 0.5 0.4 2.0 2.0 3,190 72.3

49 McLaren 271 Travel & leisure (575) 9272 54.66 220.0 298 9.3 3.2 1,500 10.3 5.2 18.3 6.3 -8.5 -17.2 36.4 12.6

50 Spirent Communications 277 Telecommunications equipment (9578) 3220 53.46 4.9 -6.4 306 5.5 -3.2 1,449 -6.3 -15.9 17.5 17.6 20.4 19.0 36.9 33.0 950 77.7

51 Laird 294 Electrical components & equipment (2733) 3162 48.17 9.7 27.0 595 -16.8 -4.6 11,765 -2.7 3.1 8.1 6.1 1.6 5.8 4.1 3.6 377 6.7

52 RBC Dexia Investor Services 305 Other financials (877) 6523 44.75 0.7 83.8 670 -22.0 -7.4 5,428 2.3 10.0 6.7 5.2 10.8 31.0 8.2 8.4

53 IMI 307 Industrial machinery (2757) 2924 44.01 2.4 4.7 2,017 -5.7 6.0 13,689 -11.0 -2.4 2.2 2.0 11.2 11.0 3.2 2.8 2,510 85.1

54 Northgate Information Solutions 318 Computer services (9533) 7260 41.30 727 7,855 5.7 2.5 5.3

55 Vectura 319 Pharmaceuticals (4577) 2441 40.97 12.7 28.9 45 28.5 41.8 267 12.2 17.9 90.8 103.5 -38.2 -67.0 153.4 152.7 199 -33.7

56 Antisoma 323 Biotechnology (4573) 7310 40.25 99.0 29.2 28 -36.2 149.2 88 23.9 12.4 141.8 45.5 -97.7 27.3 457.4 285.0 43 -77.1

57 Imagination Technologies 326 Semiconductors (9576) 3210 39.81 13.7 14.7 91 26.3 19.0 590 15.5 17.3 43.7 48.5 12.5 4.1 67.5 68.5 941 124.1

58 Pearson 327 Media (555) 2222 39.39 20.7 6,330 16.7 8.3 37,164 10.3 2.7 0.6 0.6 13.4 14.0 1.1 1.0 8,676 31.9

59 Cookson 331 General industrials (272) 7487 39.06 13.0 13.4 2,207 -11.0 5.7 14,985 -12.9 2.1 1.8 1.4 1.3 5.8 2.6 2.0 1,394 11.8

60 JCB Service 335 Commercial vehicles & trucks (2753) 3550 38.94 15.7 7.4 2,264 -5.7 14.3 7,618 13.8 13.7 1.7 1.4 2.3 7.5 5.1 5.0

61 Ultra Electronics 336 Aerospace & defence (271) 7522 38.85 4.3 18.8 733 26.3 20.0 3,961 10.6 9.8 5.3 6.4 10.9 12.3 9.8 10.4 1,276 31.1

62 Sophos 339 Software (9537) 7221 38.04 35.8 35.3 141 49.0 22.5 1,339 23.1 12.3 27.0 29.6 -17.9 -9.3 28.4 25.7

63 John Lewis 350 General retailers (537) 5212 34.67 -19.4 13.1 7,580 7.5 5.7 70,000 1.9 1.4 0.5 0.6 5.8 5.2 0.5 0.6

64 Betfair 351 Travel & leisure (575) 9271 34.52 6.1 36.9 330 25.4 26.5 1,300 13.9 28.8 10.5 12.4 12.7 16.3 26.6 28.5

65 London Stock Exchange 354 Other financials (877) 6523 34.10 -13.9 21.5 682 -9.8 20.1 1,545 31.5 51.3 5.0 5.2 30.1 -31.0 22.1 33.7 1,987

66 Renishaw 355 Electronic equipment (2737) 3210 34.05 10.8 12.4 193 -14.9 -0.9 2,154 0.5 3.9 17.7 13.6 1.4 18.8 15.8 14.3 694 91.6

67 Centrica 365 Gas, water & multiutilities (757) 4022 32.64 1,350.0 -27.1 27,372 13.9 13.9 34,125 4.0 0.2 0.1 0.0 4.4 2.2 1.0 0.1 18,357 41.5

68 Genus 367 Biotechnology (4573) 7310 32.19 55.4 29.7 316 8.8 6.9 2,118 -3.2 -8.7 10.2 7.1 12.4 11.4 15.2 9.5 491 28.6

69 Experian 375 Support services (279) 7487 31.36 2.3 -1.4 2,704 -4.8 -24.3 14,931 -0.9 4.9 1.2 1.1 20.1 16.2 2.1 2.0 7,082 17.8

70 KPMG Europe 377 Support services (279) 7487 31.00 -22.5 109.4 3,495 3.2 28.8 20,897 11.3 28.6 0.9 1.2 12.7 19.8 1.5 2.1

71 Plastic Logic 379 Electrical components & equipment (2733) 3162 30.89 134.4 92.3 0 -100.0 181 126.3 57.9 170.6 164.7

72 Expro Holdings UK 3 380 Oil equipment, services & distribution (57) 1120 30.57 10.2 71.1 710 9.1 6.7 4,297 -7.7 4.5 4.3 4.3 -5.2 8.8 7.1 6.0

73 BTG 382 Biotechnology (4573) 7310 30.39 25.0 44.2 111 16.2 29.2 292 88.4 58.0 27.4 25.5 1.0 -13.9 104.1 156.8 603 11.4

74 Dialog Semiconductor 383 Semiconductors (9576) 3210 30.14 13.4 13.0 152 34.5 28.6 310 21.6 8.8 19.9 23.6 12.8 3.3 97.2 104.3 514 201.2

75 Auburn Acquisitions (aka TI Automotive) 387 Automobiles & parts (335) 3430 29.83 15.7 12.7 1,552 -1.1 -3.5 16,675 -7.1 -7.4 1.9 1.6 -1.8 21.1 1.8 1.4

76 Tate & Lyle 390 Food producers (357) 1589 29.26 -7.1 5.7 4,060 -18.1 -3.9 5,616 -12.4 -15.1 0.7 0.6 -0.4 3.1 5.2 4.9 2,200 7.2

77 Micro Focus International 392 Software (9537) 7221 29.17 20.0 23.6 191 20.4 24.1 755 27.7 14.6 15.2 15.3 33.2 32.8 38.6 41.1 656 -25.7

78 Servier R&D 399 Biotechnology (4573) 7310 28.25 26.5 32.4 32 31.0 29.6 98 -2.0 5.3 88.3 91.4 4.3 4.5 288.3 223.3

79 Nationwide 401 Other financials (877) 6523 28.14 150.0 17.0 2,441 -5.0 1.1 18,530 -2.1 3.3 1.2 0.4 15.7 9.3 1.5 0.6

80 Fidessa 410 Software (9537) 7221 26.45 13.3 24.2 268 26.1 36.1 1,442 12.6 25.9 9.9 11.0 12.5 11.9 18.3 18.2 592 29.9

81 Wolfson Microelectronics 412 Semiconductors (9576) 3210 26.35 -5.3 4.3 85 -38.8 -15.9 381 4.1 7.8 31.2 20.1 -13.0 4.2 69.2 76.0 261 49.7

82 Wittington Investments (aka Associated British Foods) 417 Food producers (357) 1589 25.89 9.5 24.2 10,504 12.2 15.4 96,980 0.3 26.9 0.2 0.3 6.5 6.3 0.3 0.2

83 Rexam 417 General industrials (272) 2682 25.89 -4.2 15.3 5,477 5.4 9.2 22,900 -5.0 -1.8 0.5 0.5 1.2 8.3 1.1 1.1 2,936 16.1

84 Logica 420 Computer services (9533) 7260 25.55 33.5 -17.3 4,166 3.2 11.6 39,501 0.6 6.8 0.6 0.5 2.3 2.4 0.6 0.5 2,012 -2.7

85 Charter International 424 Industrial machinery (2757) 2924 24.99 19.4 34.6 1,867 -12.1 9.7 12,451 -6.2 8.1 1.3 1.0 5.9 10.8 2.0 1.6 1,195 7.8

86 Severn Trent 430 Gas, water & multiutilities (757) 4100 24.54 15.3 73.1 1,918 3.8 -4.8 8,788 0.2 -11.0 1.3 1.2 29.6 27.2 2.8 2.4 3,559 40.8

87 Glen Electric 431 Household goods & home construction (372) 3663 24.47 8.3 14.0 991 9.3 7.8 5,525 -4.3 -0.7 2.5 2.5 7.6 5.7 4.4 3.9

88 Halma 433 Electronic equipment (2737) 3210 24.05 -6.7 11.7 517 0.7 9.0 3,689 -8.2 3.5 4.7 5.0 18.3 16.6 6.5 6.4 1,160 42.2

89 Croda International 439 Chemicals (135) 2466 23.75 19.9 13.1 1,064 -5.7 21.8 3,543 -2.4 14.1 2.2 1.8 10.3 11.9 6.7 5.5 1,946 107.3

90 Edwards 439 Industrial machinery (2757) 2924 23.75 -25.2 431 -24.9 2,939 -16.6 5.5 5.5 -7.3 4.8 8.1 9.0

91 Anglo American 441 Mining (177) 1450 23.70 -5.6 -9.6 14,537 -20.7 -14.2 107,000 1.9 -12.9 0.2 0.1 13.5 30.3 0.2 0.2 35,184 23.2

92 AVEVA 444 Software (9537) 7221 23.58 -23.4 6.0 167 -9.6 16.1 815 0.7 15.5 14.1 16.7 33.2 34.5 28.9 38.0 1,023 56.7

93 Old Mutual 451 Life insurance (857) 6601 22.51 -75.6 -29.1 20,726 -592.0 1.2 53,706 -5.0 0.3 0.1 -2.2 1.6 -14.5 0.4 1.6 7,399 37.7

94 National Grid 462 Gas, water & multiutilities (757) 4013 21.39 90.0 46.8 15,743 -11.0 15.5 28,067 -0.5 12.5 0.1 0.1 23.3 16.8 0.8 0.4 20,973 34.5

95 Enrichment Technology 472 Industrial machinery (2757) 2924 20.93 44.8 9.6 268 -22.9 6.6 1,743 14.6 22.9 7.8 4.2 0.3 8.5 12.0 9.5

96 Kofax 478 Software (9537) 7221 20.37 4.0 12.8 209 9.3 -3.9 1,147 -1.3 -0.2 9.7 10.2 3.9 5.5 17.8 16.9 236 1.0

97 Renovo 480 Biotechnology (4573) 7310 20.34 -2.6 16.9 6 -33.4 171 -5.0 15.5 356.8 244.0 -454.4 -287.0 118.9 116.0 46 -28.1

98 888 481 Travel & leisure (575) 9271 20.26 -11.0 14.5 172 -4.0 -5.2 947 7.1 8.8 11.8 12.7 11.1 14.5 21.4 25.8 154 -50.6

99 Force India Formula One 483 Travel & leisure (575) 9272 20.16 -6.8 23.5 42 27.3 13.4 288 13.4 14.5 48.4 66.1 -87.9 -37.1 70.0 85.2

100 Diageo 495 Beverages (353) 1591 19.13 0.0 -1.9 10,480 15.1 8.6 24,270 -0.4 2.4 0.2 0.2 27.9 29.4 0.8 0.8 31,245 18.9

101 NATS 495 Industrial transportation (277) 6340 19.13 -35.1 -10.2 864 3.3 3.8 5,084 -1.4 0.1 2.2 3.5 17.1 17.7 3.8 5.7

102 Xchanging 501 Support services (279) 7487 18.77 74.1 101.2 845 34.5 24.0 8,601 97.0 35.6 2.2 1.7 3.3 8.4 2.2 2.5 378 -34.1

103 Intec Telecom Systems 506 Software (9537) 7221 18.50 10.5 1.6 189 23.6 14.3 1,716 1.8 1.7 9.8 11.0 14.0 8.8 10.8 9.9 242 -22.9

104 Napp Pharmaceutical 509 Pharmaceuticals (4577) 2441 18.36 45.9 -3.8 259 13.5 14.0 864 2.5 2.2 7.1 5.5 7.9 12.0 21.3 14.9

105 Ark Therapeutics 523 Biotechnology (4573) 7310 17.52 -5.5 6.1 3 218.9 105.0 147 -5.2 -0.2 525.0 1,771.2 -752.8 -2,211.9 119.1 119.5 12 -89.6

106 Psion 526 Computer hardware (9572) 3002 17.35 12.6 4.6 191 -14.7 -3.7 947 -21.7 -5.4 9.1 6.9 -1.6 -4.8 18.3 12.7 140 7.8

R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %107 Clipper Windpower 532 Electricity (753) 4011 16.88 12.5 51.1 518 0.8 367.8 749 6.5 60.8 3.3 2.9 -32.2 -46.5 22.5 21.3 117 -30.2

108 RM 539 Software (9537) 7221 16.47 11.0 -0.6 390 19.8 9.8 2,711 14.2 8.5 4.2 4.6 4.5 4.6 6.1 6.3 144 -16.3

109 Seton House 540 Aerospace & defence (271) 3530 16.43 -39.2 -18.2 408 9.0 -7.5 3,514 13.3 -2.9 4.0 7.2 -5.6 -1.1 4.7 8.7

110 Inmarsat 541 Mobile telecommunications (657) 6420 16.38 205.2 90.5 724 4.2 27.6 1,244 0.9 45.1 2.3 0.8 34.2 31.8 13.2 4.4 3,569 33.0

111 Kesa Electricals 543 General retailers (537) 5248 16.32 6.0 62.2 5,576 0.9 6.5 27,360 -1.1 -2.1 0.3 0.3 -1.2 3.1 0.6 0.6 770 -12.0

112 G4S 548 Support services (279) 7487 15.98 25.7 116.5 7,934 14.4 16.7 592,964 5.5 10.4 0.2 0.2 5.7 5.0 0.0 0.0 4,156 22.7

113 DSG International 549 General retailers (537) 5248 15.87 1,181.9 22.9 9,616 1.5 1.8 38,916 0.1 -1.3 0.2 0.0 1.8 -1.5 0.4 0.0 966 -20.7

114 Biocompatibles International 553 Health care equipment & services (453) 3663 15.74 24.4 21.8 30 50.2 64.5 164 34.4 21.3 52.7 63.6 -29.5 -20.1 96.0 103.7 117 52.9

115 Morgan Crucible 556 Electrical components & equipment (2733) 3162 15.64 41.8 19.2 1,061 12.9 11.6 9,788 -7.8 1.4 1.5 1.2 6.2 11.6 1.6 1.0 630 56.9

116 VocaLink 559 Support services (279) 7412 15.53 -53.8 -24.4 186 4.5 8.6 762 5.8 5.7 8.3 18.8 2.1 -7.9 20.4 46.7

117 CMC Markets 562 Other financials (877) 6523 15.31 -2.2 39.6 217 6.5 36.7 1,063 16.9 41.7 7.0 7.7 -6.9 30.6 14.4 17.2

118 Sepura 563 Telecommunications equipment (9578) 3220 15.21 -11.7 3.0 89 6.4 14.9 301 -1.6 11.2 17.1 20.7 12.2 14.2 50.5 56.3 66 -7.8

119 Archimedes Pharma 567 Pharmaceuticals (4577) 2441 15.13 -21.2 26.0 24 2.7 66.4 105 22.1 18.6 64.1 83.5 -99.5 -111.6 144.1 223.3

120 SSL International 572 Personal goods (376) 2451 14.86 11.9 14.5 903 24.9 18.7 9,030 71.2 21.0 1.6 1.8 15.7 14.0 1.6 2.5 2,782 110.6

121 Oxford Instruments 574 Electronic equipment (2737) 3210 14.74 -19.6 -6.8 238 2.4 9.4 1,341 -12.4 1.2 6.2 7.9 4.8 -0.2 11.0 12.0 191 102.4

122 Vitec 574 Industrial machinery (2757) 2924 14.74 4.8 9.8 355 -6.7 12.3 1,957 -11.6 5.3 4.2 3.7 0.8 7.9 7.5 6.4 205 29.1

123 Cattles 574 Other financials (877) 6522 14.74 -27.6 121.6 631 -31.8 -5.9 5,183 9.8 2.1 2.3 2.2 -132.9 20.1 2.8 4.3

124 ITV 578 Media (555) 9220 14.63 -35.0 48.1 2,115 -7.4 -4.8 4,519 -19.3 -8.8 0.7 1.0 10.1 -131.7 3.2 4.0 2,189 3.0

125 Velti 581 Software (9537) 7221 14.49 104.6 115.7 63 19.5 79.6 459 24.1 58.6 23.1 13.5 12.5 14.1 31.6 19.1 192 185.0

126 MBDA 583 Aerospace & defence (271) 7522 14.41 40.7 26.0 812 32.7 -2.9 2,563 5.9 -2.2 1.8 1.7 4.4 -0.9 5.6 4.2

127 Arup 585 Support services (279) 7487 14.18 21.2 26.1 1,000 22.5 23.2 10,346 15.9 15.4 1.4 1.4 5.2 4.8 1.4 1.3

128 De La Rue 599 Support services (279) 7487 13.73 -17.0 -18.7 632 -10.1 -6.5 3,946 -0.3 -13.4 2.2 2.4 19.4 18.3 3.5 4.2 789 -15.6

129 Anite 601 Computer services (9533) 7260 13.62 -30.2 -5.8 134 -24.4 -10.7 807 -34.1 -16.5 10.2 11.0 8.3 10.2 16.9 15.9 154 47.3

130 Standard Life 602 Life insurance (857) 6601 13.51 -33.3 0.0 20,065 -214.4 5.1 9,752 -2.1 -3.5 0.1 -0.1 1.1 0.9 1.4 2.0 5,336 15.3

131 ProStrakan 602 Pharmaceuticals (4577) 2441 13.51 13.2 3.9 89 40.8 27.1 259 8.8 -2.4 15.2 18.9 -13.8 -42.1 52.1 50.1 172 -36.0

132 Oxford Biomedica 610 Pharmaceuticals (4577) 2441 13.28 -47.5 -15.5 22 4.0 193.1 69 -18.8 -1.4 61.7 122.2 -30.1 -75.0 192.5 297.7 61 -16.9

133 Domino Printing Sciences 614 Electronic equipment (2737) 3210 13.13 -15.0 2.1 288 1.1 7.1 2,070 -7.4 4.1 4.6 5.4 11.4 10.0 6.3 6.9 558 72.8

134 e2v Technologies 622 Electronic equipment (2737) 3210 12.89 -28.6 0.3 227 -13.7 5.0 1,666 -2.8 0.9 5.7 6.9 -5.7 -9.1 7.7 10.5 154 328.1

135 Baxi 624 Construction & materials (235) 2682 12.87 18.2 -0.9 1,057 10.9 6.8 4,348 -12.6 -7.4 1.2 1.1 5.3 2.7 3.0 2.2

136 Ricardo 625 Support services (279) 7487 12.83 25.3 36.3 213 -4.2 3.0 1,630 -9.4 -0.4 6.0 4.6 4.4 7.5 7.9 5.7 146 13.0

137 Alizyme 627 Biotechnology (4573) 7310 12.63 -63.9 -10.7 2 13,820.0 19 -5.0 0.0 605.1 233,626.7 -633.1 -251,453.3 664.9 1,752.2

138 BEIG Topco (aka Birds Eye) 628 Food producers (357) 1589 12.62 -63.3 1,220 -3.9 2,306 -6.3 1.0 2.7 9.7 4.9 5.5 14.0

139 Amarin 632 Biotechnology (4573) 7310 12.43 41.7 2.7 0 -100.0 26 -3.7 13.0 478.1 324.9 194 244.4

140 Vernalis 632 Biotechnology (4573) 7310 12.43 -20.9 -18.8 15 -76.7 -7.3 89 -19.1 -24.6 84.8 24.9 -79.0 15.6 139.6 142.8 37 -37.7

141 SDL 632 Software (9537) 7221 12.43 37.3 32.7 193 8.3 22.0 1,950 0.9 9.2 6.4 5.1 13.7 12.0 6.4 4.7 456 64.0

142 Premier Foods 635 Food producers (357) 1589 12.38 -5.2 29.2 3,019 -3.4 40.9 16,099 1.2 46.6 0.4 0.4 6.4 -3.9 0.8 0.8 484 -58.3

143 Urenco 643 Electricity (753) 4011 12.10 68.1 -1.1 1,121 -0.8 7.8 3,015 9.5 18.0 1.1 0.6 44.6 40.8 4.0 2.6

144 Hikma Pharmaceuticals 648 Pharmaceuticals (4577) 2441 11.74 -24.0 -2.7 444 9.7 26.2 4,880 5.4 25.9 2.6 3.8 16.9 13.9 2.4 3.3 1,566 54.4

145 Mouchel 654 Support services (279) 7487 11.64 119.4 833 12.8 25.6 11,592 2.2 24.8 1.4 0.7 -1.4 4.5 1.0 0.5 140 -39.8

146 SkyePharma 655 Pharmaceuticals (4577) 2441 11.59 -29.0 -31.2 63 -10.1 4.3 235 -19.0 -19.8 18.4 23.3 24.5 -28.3 49.3 56.3 10 -62.5

147 Chroma Therapeutics 661 Biotechnology (4573) 7310 11.34 -13.4 17.3 0 59 9.3 15.8 192.1 242.5

148 NEOVIA Financial 663 Other financials (877) 6523 11.31 35.9 21.2 45 -15.0 -36.9 25.1 15.7 -14.9 -12.9 18.5 82 19.7

149 BG 665 Oil & gas producers (53) 1110 11.26 -9.1 0.0 11,495 -18.7 12.7 6,079 12.7 9.2 0.1 0.1 38.9 43.0 1.9 2.3 39,014 1.7

150 ARC International (now part of Virage Logic, USA) 669 Semiconductors (9576) 3210 11.11 28.3 14.8 19 18.4 17.6 193 22.2 14.7 57.9 53.4 -54.6 -37.1 57.6 54.8

151 N Brown 670 General retailers (537) 5242 11.03 18.1 777 4.2 8.6 3,189 1.9 2.0 1.4 1.3 14.1 14.4 3.5 3.0 711 1.8

152 Raymarine 671 Electronic equipment (2737) 3210 11.00 -35.6 -8.2 117 -22.7 -8.6 430 -22.7 -7.3 9.4 11.2 -19.2 14.9 25.6 30.7

153 Weir 672 Industrial machinery (2757) 2924 10.92 -1.0 16.7 1,565 1.4 13.9 8,805 -6.0 3.4 0.7 0.7 13.5 12.4 1.2 1.2 2,784 86.4

154 Yule Catto 674 Chemicals (135) 2466 10.79 -5.8 -3.0 595 -17.0 -1.4 2,045 -16.0 -8.1 1.8 1.6 4.1 4.7 5.3 4.7 355 69.4

155 Vislink 676 Telecommunications equipment (9578) 3220 10.72 4.6 15.3 107 -6.3 -2.0 475 -12.5 6.7 10.1 9.0 -0.2 0.9 22.6 18.9 29 -38.1

156 Chalkfree 678 Electronic equipment (2737) 3210 10.67 53.5 65.7 231 35.8 36.1 797 25.9 5.4 4.6 4.1 14.4 8.2 13.4 11.0

157 Chemring 689 Aerospace & defence (271) 7522 10.35 55.9 41.9 567 42.3 36.3 3,379 10.1 16.2 1.8 1.7 21.3 19.3 3.1 2.2 1,062 27.7

158 Delcam 689 Software (9537) 7221 10.35 4.6 8.1 36 -3.3 6.0 518 -3.4 5.8 28.9 26.7 2.6 5.0 20.0 18.5 23 33.3

159 Intercytex (now Regenerative Medicine Assets) 699 Biotechnology (4573) 7310 10.14 -6.3 17.2 0 -84.8 78 6.8 11.7 53,389.5 8,660.8 -73,647.4 -10,977.6 130.1 148.3

160 International Power 700 Electricity (753) 4011 10.13 -18.2 44.2 4,126 -4.1 12.4 3,936 0.6 2.4 0.2 0.3 38.2 30.3 2.6 3.2 6,061 33.0

161 PricewaterhouseCoopers 700 Support services (279) 7487 10.13 50.0 1,400.2 2,530 0.2 4.3 15,200 0.1 2.1 0.4 0.3 30.3 29.1 0.7 0.4

162 Premier Farnell 706 Support services (279) 5190 9.90 10.0 80.4 895 -1.1 -2.0 4,144 -4.7 -7.1 1.1 1.0 9.0 10.6 2.4 2.1 922 39.6

163 Innovation 710 Software (9537) 7221 9.76 15.0 56.1 175 11.4 25.1 2,310 3.4 19.3 5.6 5.4 -12.5 -2.6 4.2 3.8 114 -27.3

164 Oxagen 712 Biotechnology (4573) 7310 9.75 31.0 14.1 0 17 -5.6 -1.9 573.8 413.5

165 Telit Communications 714 Telecommunications equipment (9578) 3220 9.69 10.4 5.9 64 5.6 -9.8 362 6.8 14.2 15.2 14.5 -3.5 -3.8 26.8 25.9 34 172.7

166 Senior 727 Aerospace & defence (271) 3530 9.34 12.2 2.5 608 -4.0 11.7 4,873 -16.3 -2.2 1.5 1.3 11.3 10.6 1.9 1.4 553 146.7

167 Spirax-Sarco Engineering 736 Industrial machinery (2757) 2924 9.02 22.8 11.3 584 3.3 10.5 4,377 -0.9 2.2 1.5 1.3 15.2 16.6 2.1 1.7 1,300 56.7

168 Lucite International (now part of Mitsubishi Chemical, Japan) 738 Chemicals (135) 2466 9.00 -11.1 -3.9 996 4.2 4.3 1,843 -11.0 -4.2 0.9 1.1 -12.5 5.8 4.9 4.9

169 QinetiQ 746 Aerospace & defence (271) 7522 8.89 -32.5 -13.5 1,829 0.5 12.2 13,604 -2.0 4.6 0.5 0.7 -2.2 8.1 0.7 0.9 811 -18.3

170 Dairy Crest 752 Food producers (357) 1589 8.78 160.0 73.3 1,834 -1.1 4.9 7,247 -10.8 -3.2 0.5 0.2 5.8 4.5 1.2 0.4 589 21.9

171 Fiberweb 755 Support services (279) 5190 8.67 8.4 511 -11.4 1,936 -10.3 1.7 1.4 1.6 -5.4 4.5 3.7 87 1.3

172 Amino Technologies 762 Telecommunications equipment (9578) 3220 8.42 51.0 29.3 28 -20.7 -0.2 154 29.4 10.9 29.6 15.5 -34.7 4.1 54.7 46.9 29 -3.7

173 Axis-Shield 763 Biotechnology (4573) 7310 8.40 3.4 -12.9 109 13.4 16.7 517 -0.4 3.9 7.7 8.5 9.9 -2.4 16.3 15.7 156 -17.3

174 PV Crystalox Solar 772 Alternative energy (58) 2956 8.17 20.2 237 -23.1 333 29.6 3.4 2.2 16.6 51.8 24.5 26.4 305 -24.7

175 Wagon 775 Automobiles & parts (335) 3430 8.10 -49.3 -8.8 804 0.7 16.2 5,702 -14.2 5.5 1.0 2.0 2.2 -8.5 1.4 2.4

176 Mondi 778 Forestry & paper (173) 2125 8.00 -20.0 5,257 -17.1 30,100 -9.9 0.2 0.2 3.1 1.1 0.3 0.3 2,593 46.5

177 Cohort 781 Aerospace & defence (271) 7522 7.97 28.8 88 37.6 64.0 645 37.5 65.2 9.0 9.6 8.5 9.7 12.4 13.2 38 -52.1

178 Vantia 782 Pharmaceuticals (4577) 2441 7.90 88.5 0 27 12.5 292.6 174.7

179 TT electronics 788 Electrical components & equipment (2733) 3162 7.77 -33.0 -7.1 562 -14.5 -5.9 6,403 -15.7 -6.9 1.4 1.8 -2.7 3.7 1.2 1.5 195 174.6

180 Beazley 788 Nonlife insurance (853) 6603 7.77 109.1 23.1 1,019 35.6 17.0 720 30.9 19.8 0.8 0.5 11.1 13.1 10.8 6.8 675 4.2

181 Chloride 795 Electrical components & equipment (2733) 3162 7.66 6.2 13.5 378 2.8 18.0 2,407 12.3 21.1 2.0 2.0 9.9 13.0 3.2 3.4 1,105 146.7

182 GW Pharmaceuticals 795 Pharmaceuticals (4577) 2441 7.66 -34.8 -19.6 27 104.9 130.0 110 -2.7 0.0 28.2 88.6 4.2 -93.5 69.6 103.9 163 21.8

183 Martin-Baker (Engineering) 797 Aerospace & defence (271) 3530 7.64 0.1 -4.3 183 28.6 11.9 743 4.4 -0.4 4.2 5.4 30.5 17.6 10.3 10.7

184 Kewill 798 Software (9537) 7221 7.61 1.2 22.5 63 5.7 10.6 598 -0.8 3.7 12.0 12.6 4.7 3.7 12.7 12.5 101 36.4

185 Aero Inventory 801 Aerospace & defence (271) 3530 7.53 307 78.1 84.1 297 61.4 37.6 2.5 21.2 21.4 25.3

186 Photo-Me 802 Leisure goods (374) 3663 7.51 -10.9 -10.9 254 6.9 -0.7 1,485 -5.0 -5.9 3.0 3.6 -4.1 -9.0 5.1 5.4 179 71.0

187 McBride 804 Household goods & home construction (372) 3663 7.43 11.9 18.2 892 13.1 13.6 5,005 -2.3 3.4 0.8 0.8 3.5 3.1 1.5 1.3 272 -5.8

188 Sportingbet 804 Travel & leisure (575) 9271 7.43 135.7 1,791 16.6 -8.3 506 22.2 -15.2 0.4 0.2 1.3 -0.1 14.7 7.6 333 -0.6

R&D Investment Net Sales Employees R&D/Net Sales Ratio Operating Profit R&D per Employee Market Capitalisation2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 Change 09/08 CAGR 3yrs 2009 2008 2009 2008 2009 2008 2009 Change 09/08

No Company Rank ICB Sector NACE Sector Code €m % % €m % % # % % % % % of Net Sales % of Net Sales €K €K €m %189 Oxford Nanopore Technologies 816 Biotechnology (4573) 7310 7.14 36.8 110.4 0 70 25.0 60.3 102.0 93.2

190 Quantel 817 Electronic equipment (2737) 3210 7.10 -20.8 -6.2 44 12.1 -1.3 243 -34.3 -12.4 16.1 22.9 8.9 -32.7 29.2 24.2

191 Avecia Holdings 819 Biotechnology (4573) 7310 7.09 -18.2 -37.9 60 -18.7 -37.0 630 -3.5 -11.1 11.8 11.7 -20.2 -22.3 11.3 13.3

192 Debenhams 819 General retailers (537) 5212 7.09 40.0 -17.7 2,156 4.2 3.9 27,766 1.3 4.0 0.3 0.2 9.5 9.4 0.3 0.2 837 -34.2

193 Provident Financial 827 Other financials (877) 6522 6.98 0.0 918 8.6 -11.6 3,698 9.3 -24.8 0.8 0.8 15.4 17.2 1.9 2.1 1,240 -0.4

194 Minster Pharmaceuticals (now part of Proximagen) 828 Pharmaceuticals (4577) 2441 6.97 43.0 104.9 0 10 0.0 12.6 697.2 487.5

195 Channel Four Television 832 Media (555) 9220 6.87 -47.9 -21.3 935 -8.4 -3.9 696 -23.1 -8.8 0.7 1.3 0.5 -0.4 9.9 14.6

196 Plethora Solutions 833 Pharmaceuticals (4577) 2441 6.81 -29.4 3.8 20 149.3 51.0 14 -36.4 -40.7 34.1 120.3 53.6 -196.0 486.3 438.1 6 -44.4

197 Devro 836 Food producers (357) 1589 6.73 16.0 7.3 248 20.4 12.8 2,143 -2.1 -0.6 2.7 2.8 13.8 9.4 3.1 2.7 416 94.7

198 Frontier Silicon 838 Leisure goods (374) 3230 6.71 -32.6 -1.3 18 -24.5 -12.9 125 -17.2 2.2 36.9 41.3 -23.3 -42.7 53.7 65.9

199 Elementis 842 Chemicals (135) 2466 6.64 28.3 10.3 409 -9.2 -2.8 1,341 8.8 -6.9 1.6 1.1 -7.3 7.8 5.0 4.2 446 105.2

200 Intelligent Energy 842 Electrical components & equipment (2733) 3162 6.64 4.1 -1.9 5 48.5 31.2 101 0.0 10.4 129.9 185.2 -184.1 -326.3 65.7 63.1

201 MITIE 847 Support services (279) 7487 6.53 -38.9 1,936 13.0 11.9 53,631 7.1 8.2 0.3 0.6 4.7 5.1 0.1 0.2 760 -16.7

202 IdaTech 853 Electrical components & equipment (2733) 3162 6.46 78.5 5 10.4 97 11.5 141.5 87.6 -511.3 -369.6 66.6 41.6 35 -34.0

203 ClearSpeed Technology 855 Semiconductors (9576) 3210 6.41 -11.4 7.0 1 -60.2 3.6 65 -42.0 6.4 1,165.6 524.1 -2,438.4 -1,265.5 98.6 64.6

204 Alterian 861 Software (9537) 7221 6.24 32.3 30.6 43 13.6 39.4 324 20.4 43.8 14.6 12.5 17.4 9.6 19.3 17.5 114 21.7

205 Northern Foods 863 Food producers (357) 1589 6.19 -31.2 -20.9 1,100 0.2 -6.8 9,472 -4.2 -17.3 0.6 0.8 2.7 1.6 0.7 0.9 227 -38.2

206 Forensic Science Service 868 Support services (279) 7487 6.08 53.0 142 -8.8 1,972 -5.5 4.3 2.6 -13.7 -0.7 3.1 1.9

207 Ceres Power 871 Alternative energy (58) 2956 6.03 28.1 31.4 1 31.7 75 29.3 26.6 562.8 578.8 -976.3 -998.0 80.4 81.1 87 -49.3

208 United Biscuits 875 Food producers (357) 1589 5.97 6.0 -21.1 1,352 5.2 -1.8 8,477 -2.9 -7.3 0.4 0.4 10.7 11.5 0.7 0.6

209 Allergy Therapeutics 876 Pharmaceuticals (4577) 2441 5.96 -67.5 -17.9 42 21.7 17.0 374 3.3 10.8 14.0 52.5 -16.5 -50.3 15.9 50.7 37 -28.3

210 Macro 4 (now part of Unicom, USA) 879 Software (9537) 7221 5.91 2.4 0.5 33 -4.3 -4.4 239 -0.4 -1.9 18.1 16.9 1.8 9.6 24.7 24.0

211 Torotrak 883 Automobiles & parts (335) 3430 5.88 -0.8 5.5 9 65.6 41.6 60 -1.6 -0.5 68.4 114.1 2.8 -49.2 98.1 97.2 41 -16.3

212 Sagentia 885 Support services (279) 7487 5.87 -16.3 0.1 27 -18.1 0.2 194 -13.4 -5.5 21.9 21.4 -14.9 -4.8 30.2 31.3 24 425.0

213 Allen & Overy 887 Support services (279) 7487 5.85 36.8 1,227 7.4 14.0 4,599 2.8 4.2 0.5 0.4 39.6 43.8 1.3 1.0

214 Inspired Gaming 887 Travel & leisure (575) 9271 5.85 -24.9 43.9 98 -32.9 -14.4 1,179 -43.4 -23.0 6.0 5.3 9.7 -21.6 5.0 3.7

215 Hogg Robinson 895 Support services (279) 7487 5.74 54.6 48.2 368 -7.0 1.6 5,319 -14.7 -5.0 1.6 0.9 8.7 7.3 1.1 0.6 97 1.2

216 White Young Green (now WYG) 896 Support services (279) 7487 5.73 -1.9 294 -7.3 16.0 3,185 -8.2 15.7 1.9 1.8 -47.3 7.5 1.8 1.7 15

217 Silence Therapeutics 898 Biotechnology (4573) 7310 5.71 -24.4 16.8 2 -22.0 -4.0 43 -15.7 -0.8 294.5 303.9 -438.5 -352.8 132.8 148.1 17 -53.1

218 Globo 899 Software (9537) 7221 5.70 21.8 23 31.0 79 -14.1 24.2 26.1 17.7 21.1 72.1 50.8 17

219 Innovia Films 901 Chemicals (135) 2466 5.68 -9.5 8.5 373 2.4 1.8 1,415 1.2 -1.4 1.5 1.7 5.6 7.3 4.0 4.5

220 Martin Dawes Systems 901 Computer services (9533) 7260 5.68 31.6 32.6 31 32.4 24.4 303 16.1 14.9 18.1 18.2 4.1 0.8 18.7 16.5

221 Norbrook Laboratories 905 Pharmaceuticals (4577) 2441 5.63 5.6 6.7 125 7.7 7.0 1,106 7.4 6.7 4.5 4.6 4.4 4.6 5.1 5.2

222 Bond International Software 906 Software (9537) 7221 5.62 7.8 24.2 37 1.8 23.7 486 6.6 29.1 15.3 14.5 1.0 9.0 11.6 11.4 21 -26.9

223 Randox Laboratories 907 Biotechnology (4573) 7310 5.61 -10.0 -6.4 60 13.7 9.6 738 0.3 8.4 9.4 11.9 16.5 11.4 7.6 8.5

224 Lombard Medical Technologies 907 Health care equipment & services (453) 3663 5.61 -33.8 1.4 3 20.8 65.9 64 -37.3 -4.3 211.2 385.6 -343.0 -631.1 87.7 83.1 21 36.4

225 Gas Turbine Efficiency 911 Industrial machinery (2757) 2924 5.56 14.5 126.0 26 5.6 99.6 125 48.8 78.4 21.5 19.8 -14.2 2.5 44.5 57.8 10 -66.7

226 Ubiquisys 912 Telecommunications equipment (9578) 3220 5.55 -19.1 7.6 4 303.5 54 8.0 65.1 138.7 691.3 -268.5 -1,400.7 102.8 137.2

227 Clarity Commerce Solutions 914 Software (9537) 7221 5.52 37.7 59.9 21 2.8 -2.8 169 -19.9 -12.0 25.7 19.2 7.8 0.2 32.7 19.0 16 -11.5

228 Camelot (now Camelot UK Lotteries) 914 Travel & leisure (575) 9271 5.52 81.5 -29.0 5,100 3.7 0.9 941 -3.8 1.3 0.1 0.1 1.3 1.1 5.9 3.1

229 Microgen 918 Computer services (9533) 7260 5.48 -13.0 -7.5 39 3.9 -3.0 246 -21.9 -15.8 14.2 16.9 10.4 14.8 22.3 20.0 83 12.1

230 Dialight 932 Electrical components & equipment (2733) 3162 5.22 49.4 15.1 87 -0.7 7.5 936 -22.9 -2.8 6.0 4.0 7.1 6.8 5.6 2.9 138 156.3

231 BSS 934 Support services (279) 5190 5.18 -37.8 3.1 1,522 0.9 10.1 4,970 -3.4 8.4 0.3 0.6 3.7 4.8 1.0 1.6 613 45.3

232 Nipson Digital Printing Systems 949 Media (555) 2222 4.95 21.8 17.3 31 -0.1 -2.3 262 -3.7 -2.7 16.1 13.2 -49.3 -17.0 18.9 14.9

233 Anglo Design 960 Electronic equipment (2737) 3210 4.81 -12.3 -0.1 69 -17.5 -9.7 611 -4.7 -2.2 6.9 6.5 -4.9 3.9 7.9 8.6

234 Telesoft Technologies 963 Telecommunications equipment (9578) 3220 4.76 8.9 13.6 15 -10.9 5.2 116 16.0 2.7 31.9 26.1 7.7 23.6 41.0 43.7

235 Dechra Pharmaceuticals 965 Pharmaceuticals (4577) 2441 4.75 12.8 45.2 394 15.0 14.6 1,012 13.8 13.6 1.2 1.2 5.0 4.6 4.7 4.7 305 -1.8

236 Scottish and Southern Energy 967 Electricity (753) 4011 4.73 -4.5 -12.6 24,255 -15.2 22.0 19,308 6.1 15.7 0.0 0.0 8.7 0.3 0.2 0.3 11,688 0.3

237 Aegis 967 Media (555) 9240 4.73 110.0 175.9 1,515 0.3 10.5 15,949 0.1 5.5 0.3 0.1 8.5 10.4 0.3 0.1 1,450 15.9

238 Thiakis 970 Pharmaceuticals (4577) 2441 4.71 40.9 1,576.5 0 -57.1 -33.3 5 0.0 18.6 4,759.6 1,448.1 -6,512.1 -1,958.0 942.4 669.0

239 PartyGaming 974 Travel & leisure (575) 9271 4.67 139.4 6.8 310 -6.0 -26.2 1,267 3.0 -8.0 1.5 0.6 -5.0 14.2 3.7 1.6 1,186 -2.5

240 Scapa 978 Chemicals (135) 2466 4.62 2.5 6.4 199 1.6 -1.4 1,260 -4.8 -6.2 2.3 2.3 -0.9 -3.7 3.7 3.4 28 4.2

241 Hamworthy 984 Industrial machinery (2757) 2924 4.58 39.6 40.2 241 -15.2 3.9 1,026 -6.6 4.5 1.9 1.2 9.1 9.1 4.5 3.0 173 20.4

242 Sinosoft Technology 985 Software (9537) 7221 4.54 70.6 46.8 10 20.2 19.8 366 13.7 20.5 44.9 31.6 17.7 24.7 12.4 8.3 10 -26.3

243 Balfour Beatty 987 Construction & materials (235) 4521 4.50 0.0 0.0 10,078 8.4 25.9 42,297 7.0 13.6 0.0 0.0 3.3 3.0 0.1 0.1 1,975 4.2

244 FFEI 987 Electronic equipment (2737) 3210 4.50 30.5 -9.7 22 12.1 -13.4 154 2.0 -13.6 20.7 17.8 17.4 18.1 29.2 22.8

245 SHL 987 Support services (279) 7450 4.50 -13.6 10.1 98 4.1 8.3 745 11.5 4.9 4.6 5.6 -0.8 1.6 6.0 7.8

246 Victrex 993 Chemicals (135) 2466 4.48 9.8 17.1 117 -26.4 -5.4 509 0.6 8.4 3.8 2.6 24.2 38.7 8.8 8.1 1,051 4.4