This presentation is provided by AllianceBernstein L.P. Bernstein Value Equities is referred to as Bernstein herein; Alliance Growth Equities is referred to as Alliance herein; AllianceBernstein Blend Strategies is referred to as AllianceBernstein herein; AllianceBernstein Fixed Income is referred to as AllianceBernstein herein; AllianceBernstein Alternative Investments is referred to as AllianceBernstein herein. This presentation booklet has been provided to you for use in a private and confidential meeting to discuss a potential or existing investment advisory relationship. This presentation is not an advertisement and is not intended for public use or distribution beyond our private meeting.

Overview of AllianceBernstein L.P.Information Session

AllianceBernstein.com 1

Evolution of Global Leader in Asset Management

*As of June 30, 2010

• At AllianceBernstein, research excellence is the key to realizing the firm’s dual mission. It is the route to sustainable investment success and provides the content-rich communications that inform client needs

• Founded in 1967

Sanford C. Bernstein

Alliance Capital Management

Mer

ger i

n 20

00

Global Asset Management Firm• Managing $458 Billion*• Listed as AB on NYSE• Approximately 4,300 Employees

AllianceBernstein

• Founded in 1971

AllianceBernstein.com 2

*As of September 30, 2010

AllianceBernstein$484 Billion AUM*

www.alliancebernstein.com

Wholesalers

Brokers

Individual Investors

Advisors

Institutional Clients

Advisors

Individual Investors

Institutional Sales Force

‘The Street’(Fidelity, Vanguard, etc.)

BlackbooksResearch Notes

Conference CallsResearch Website

Sanford C.Bernstein & Co.

(Sell-Side Research)

www.bernsteinresearch.com

AllianceBernsteinInvestments

(Retail)$125 Billion

www.alliancebernstein.com

AllianceBernsteinInstitutional Investments

(Institutional)$283 Billion

www.institutional.alliancebernstein.com

BernsteinGlobal Wealth Management

(Private Client)$76 Billion

www.bernstein.com

BUY-SIDElonger-term Analyst outlook

SELL-SIDEshorter-term Analyst outlook

AllianceBernstein: Company Overview

AllianceBernstein

AllianceBernstein.com 3

Global Presence

Offices in 44 cities in 23 countries* Approximately 4,300 employees*

*As of June 30, 2010

AllianceBernstein.com 4

To place our clients’ interest first and foremost

To utilize our research capabilities to have more knowledge than any investment firm in the world

To use and share knowledge better in order to help our clients achieve investment success and peace of mind

Our Mission

AllianceBernstein.com 5

Intellectual Curiosity: always asking why

Willingness to Self Examine: ready to change one’s mind

Partnerability: sharing information and ideas

Foundations of AB Culture

AllianceBernstein.com 6

Investment Research: Research is our DNA

The DNA of AllianceBernstein is research, as research excellence is at the core of delivering superior investment results for our clients.

Recent Black Books Discovering Innovation

Insights from Early Stage Growth Research

Abating Climate ChangeWhat Will Be Done and the Consequences for Investors

The Dawning Age of Molecular Medicine

US Telecommunications: Wireline Unplugged

Corning: The Big Green Machine

IP Video: The Push to 80%

Genzyme: A New Model for the Small Pharma?

US Machinery & Capital Goods: A New Look at Cyclicality

AllianceBernstein.com 7

Research Leadership recognized worldwide

AllianceBernstein.com 8

Commitment in Action

We have been recognized for our commitment to growing talent and for the dramatic impact it has had on our employees and on the firm