The 1st Annual Conference

Managing Family Wealth Across Europe

December 4, 2007

Kikuoka Golf Club - Luxembourg

Kikuoka Golf Club

Luxembourg

Dear Executive,

2008 will see major tax reforms that are likely to impact substantially private investors and their holdings.

As always, there are opportunities to grasp and threats to avoid or mitigate.

The catalogue of taxable capital income is in some cases substantially extended and in Germany for example, private income resulted from the disposal of capital investments is about to be assess as taxable income. In the United Kingdom, there are capital gain and inheritance tax reforms underway. France has introduced the so call “bouclier fiscal” and its still needs to be seen whether this will change the behaviour of wealthy families there.

Belgium has introduced a new tax treatment of income derived by Belgian residents from investment funds that private bankers , asset managers and fund administrators should be aware of as the selection of assets by the fund manager influences the tax treatment of the investors and the absence of adequate reporting by the fund may jeopardize the tax transparency of so-called transparent vehicles. Noteworthy developments are also taking place in the Netherlands as the new VBI regime may provide an interesting alternative for Dutch or foreign residents with substantial shareholdings.

Therefore, this one day conference is an excellent opportunity for high net worth individuals, entrepreneurs and their advisers to update on the latest tax developments across Europe that will have a reaping effect on private client’s tax burden.

We look forward to meeting you in Luxembourg at the Kikuoka Golf Club on December 4th.

Yours Sincerely

Francois Golbery
Chief Executive Officer
MGI Suisse SA