Brown Friedmann & Co. Ltd. - Brown & Lampe U.S. Portfolio Management Ltd.

The Austrian Finanzmarktaufsicht has warned that Brown Friedmann & Co. Ltd. and Brown & Lampe U.S. Portfolio Management Ltd., both with registered offices in France (Costa Azzurra), are providing investment services without the required authorization.

(In Consob Informa n. 37/2005 - 19 September 2005)