Since the last annual report, four new recommendations have been made public. In these recommendations, the Council on Ethics recommended the exclusion of five companies from the Fund. The Ministry of Finance has excluded three companies and put one company under observation, while a further company was neither excluded nor put under observation. [refers to PetroChina, China National Petroleum Corporation, FMC, PotashCorp, Alstom, Grupo Carso, Siemens]