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					                                                                          SAVE DARFUR COALITION
                                                                            Moderator: Colleen Connors
                                                                                09-05-07/10:00 am CT
                                                                              Confirmation # 9192663
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                               SAVE DARFUR COALITION

                                Moderator: Colleen Connors
                                    September 5, 2007
                                      10:00 am CT

Operator:         Good morning. My name is (Judith) and I'll be your conference operator

                  At this time, I would like to welcome everyone to the Save Darfur Coalition,
                  divestment campaign conference call.

                  All lines have been placed on mute to prevent any background noise. After the
                  speakers remarks, there'll be a question and answer period. If you would like
                  to pose a question during this time, please press star then the number 1 on
                  your telephone keypad. If you would like to withdraw your question, you may
                  press the pound key.

                  Thank you. It is all my pleasure to send you forward to your host, Miss
                  Colleen Connors.

                  Ma'am, you may begin your conference.

Colleen Connors: Thank you very much, (Judith) and thank you for participating in our call
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                                                            Moderator: Colleen Connors
                                                                09-05-07/10:00 am CT
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My name is Colleen Connors. I am the communication director of the Save
Darfur Coalition. If at any time you'd like to contact me, you can reach me at

Today's call will be recorded and the transcript will be posted tomorrow on
our Web site, which is

The speaker's bios and all of our media materials will - can also be found on
our Web site at All four speakers, when
they finish their presentation, we'll open the call up to questions.

And if you have additional questions after the call or need follow up
information, you can contact my colleague, Ashley Roberts, at 202-478-6181
or email her at

On today's call we're going to be launching the next phase of the Divest for
Darfur campaign. An aggressive grass roots and advertising campaign aimed
at putting economic pressure on the government of Sudan.

We will announce the campaign's five targets, which were selected because
they are largest U.S. mutual fund company investors in PetroChina.
PetroChina, through its parent company, CNPC, is the worst of the highest
offending companies helping fund the genocide in Darfur, according to the
targeted divestment model developed by the Sudan Divestment Task Force.

In the coming weeks, the Coalition in coordination with Darfur activists will
unveil a series of actions targeting each of these firms, including paid
advertising, direct action events and grass root pressure from activists.
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                Today investors against genocide will deliver more than a 150,000 petitions to
                Fidelity headquarters in Boston, Massachusetts, imploring leaders of Fidelity
                Investments to act responsibly.

                On the call today we have Zahara Heckscher, who's the Divestment Campaign
                Manager here at the Save Darfur Coalition, Adam Sterling, the Director of the
                Sudan Divestment Task Force, Eric Cohen, Chair, Investors Against
                Genocide, and Omer Ismail, with Darfur Peace and Development and a native
                Darfurian. Again, all of their bios can be found in our press kit on our Web

                I'm now going to turn it over to our speakers and then we'll open the call up
                for questions.

                First we have Zahara Heckscher, the Divestment Campaign Manager at Save
                Darfur Coalition.

Zahara Heckscher:   Okay. Thank you, Colleen. And thank you all for joining.

                The Save Darfur Coalition's divest for Darfur campaign is powered by
                fundamental fact about investment. The American people do not want to
                invest in genocide.

                According to a poll conducted by KRC Research in April 2007, more than
                three-quarters say they would switch their investments to a different company
                if they learned that those managing their funds had significant investment in
                firms that were helping to fund the genocide in Darfur.

                Unfortunately, the research of our partner organization, the Sudan Divestment
                Task Force has shown that millions of Americans are, without their
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knowledge or consent, investing in companies that help fund the genocide in

Our campaign is designed to bring this problem to light and to mobilize the
economic and political power of the American people to promote divestment,
a form of financial pressure that can help hasten the end of the genocide.

The Divest for Darfur campaign is launching into a new stage today with the
announcement of our five target investment firms. Those are Franklin
Templeton, JP Morgan Chase, Fidelity, Capital Group, also known as
American Funds, and Vanguard. Details on these companies' investments in
PetroChina can be found at

These companies were chosen because of the U.S. based companies through
which millions of Americans have their retirement and other savings. They are
the top five holders of shares in PetroChina.

PetroChina is a Chinese oil company that along with its parent, CNPC, is
considered to be the worst of the worst offenders in helping fund the genocide.

The Save Darfur Coalition and our allies have attempted to communicate with
all target investment firms about the problem of investing in PetroChina and
other offending companies in Sudan.

Despite dozens of letters and in the case of Fidelity, thousands of emails,
faxes and calls, the Save Darfur Coalition has not received a single official
response from any of these companies.

We are now moving to the next step of our campaign. We do not take
investment in genocide lightly. In addition to our new Web
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site, which launched just moments ago, in the coming weeks and months,
you'll see us devote significant resources in an aggressive campaign to
promote divestment.

Not only grass roots action around the county and innovative electronic
organizing, but also a creative and very hard hitting advertising campaign that
will help Americans learn about what their own investments are funding and
what they can do to change.

There are some hopeful signs in our campaign as well. We are very
encouraged that eight investment firms have adopted the targeted divestment
model that we advocate. That list is featured on our Web

In targeting investors, we hope to send a message to PetroChina, CNPC and
all the companies that are helping fund the genocide, including European
countries - companies, such as Linden Petroleum and Petrofac, and Asian
country - companies, including ONGC and Petronas. To them we say,
"Genocide is a bad investment."

We are also sending a message directly to Sudan. The American people care
about the people of Darfur and Sudan. We would like to support economic
development but as long as the genocide continues, we will use a variety of
techniques to encourage investors to avoid funding the Sudanese government's
brutal campaign in Darfur.

We are asking corporate America to rise to the challenge. It's the right thing to
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                 Divestment is also a good business decision to avoid alienating thousands of
                 customers and potential customers and appeal to 77% of Americans who said
                 they would change their investment decisions if they found out their savings
                 were funding genocide.

                 In addition to this mutual fund campaign, Divest for Darfur and our allies are
                 hard at work to press strong legislation in the Congress that supports
                 divestment and related economic sanctions. We are supporting the state
                 divestment campaign of the Genocide Intervention Network. We are
                 supporting the emerging international divestment campaign, which is
                 spreading throughout the world.

                 We are also very pleased and honored to be working in special partnerships
                 with our allies at the Sudan Divestment Task Force and the Darfuri
                 community and Investors Against Genocide, which is launching today as an
                 expansion of the campaign that started with Fidelity Out of Sudan.

                 We will coordinate our efforts very closely with these organizations as well as
                 the over 180 organizations that make up the Save Darfur Coalition, many of
                 which are joining us in the Divest for Darfur campaign.

                 It is our sincere hope that U.S. investment firms can become part of the
                 movement for positive change in Darfur rather than continuing to be part of
                 the problem.

Colleen Connors: Thank you very much, Zahara.

                 I'd now like to ask Adam Sterling of the Sudan Divestment Task Force to
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Adam Sterling:   Thank you, Colleen. Thank you, Zahara.

                 The Sudanese government has a long history of susceptibility to economic
                 pressure, with a foreign debt that actually exceeds its gross domestic product.
                 More than diplomacy, the country has responded to economic pressure in the

                 Despite this historical responsiveness, the Khartoum regime has faced little in
                 the way of economic consequences for its perpetuation of genocide in Darfur,
                 heavily protected by a small set of international companies, whose
                 commercial interests in Sudan are very strong.

                 Ninety percent of Sudan's export revenue is generated from oil. And as much
                 as 70% of this oil revenue goes to Khartoum's military expenditures. Because
                 Sudan does not have the capital or expertise to extract its own oil, the regime
                 instead relies on foreign partners, mainly China, to run this lucrative industry.

                 China, which by - is roughly 2/3 of all Sudanese oil, has invested upwards of
                 $15 billion in the country, operates in Sudan primarily through the state
                 owned China National Petroleum Company or CNPC.

                 CNPC facilitates violence in Sudan well beyond its financial support for
                 Khartoum. During its' tenure in the country, CNPC has been accused of
                 participating in bribery, forced displacement of local populations and use of
                 company property for Sudanese military purposes.

                 Most important, Sudan benefits from the diplomatic protection afforded to it
                 by China on the U.N. Security Counsel. To make this two country tango
                 worse, much of Sudan's oil profits are spent on purchasing weapons from
                 China. A U.N. investigation conducted last year determined that the vast
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majority of weaponry used to attack civilians across Darfur is of Chinese

While CNPC's owned by the Chinese government, in 2000 the company
opened its self up to international investors by creating a publicly traded
subsidiary, PetroChina.

Technically, only CNPC has operations in Sudan, however, a closer look
shows that the companies are in fact one in the same. Management in CNPC
and PetroChina almost complete overlap and frequent asset transfers between
the two entities, which often take place at subsidized rates, have made CNPC
completely reliant on PetroChina for its financial health.

For example, PetroChina's current Chairman is CNPC's General Manager. The
Chief Financial Officer of PetroChina is also the Chief Financial Officer of

Six out of the seven current PetroChina directors all serve as top executives at
CNPC. And in January, PetroChina announced the construction of a new
China based $1.6 billion refinery set to come online in 2008 that will be
primarily dedicated to refining Sudanese oil drilled by CNPC.

To date, 20 U.S. states, 54 colleges and universities and 9 cities have adopted
Sudan divestment policies. In fact, a number of companies operating in Sudan
have already responded.

CHC Helicopter Corporation, ABB, Seaman's, Rolls-Royce and Schlumberger
have all seized operations in Sudan or significantly changed their behavior in
the country since the proliferation of the Sudan divestment movement.
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                Last week the Sudan Divestment Task Force released our quarterly Sudan
                company report, available on our Web site at

                Unfortunately, PetroChina and CNPC continue to support the Sudanese
                government despite four years of genocide in Darfur and years of engagement
                by major investors.

                In today's Boston Globe, Franklin Templeton stated that, "Fostering economic
                and business development through investment in trouble regions can often
                help in achieving reform." PetroChina and CNPC isn't an investment that
                helps achieve reform. It's an investment that simply helps to entrench a
                genocidal regime.

                Thank you.

Colleen Connors: Thanks very much, Adam.

                I'd like to now turn it over to Eric Cohen with Investors Against Genocide.

Eric Cohen:     Thank you, Colleen and good morning.

                I'm Eric Cohen the Chairperson of Investors Against Genocide and its
                predecessor the Fidelity Out of Sudan campaign.

                In January 2007 we launched the Fidelity campaign to draw attention to the
                problem of Fidelity's large investments in PetroChina and other companies
                that were helping to fund the genocide in Darfur.
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We hope to rouse thousands of Americans to object to how Fidelity was
investing its customers' money and thereby connecting millions of Americans
to the genocide.

Since then, working with our partners at the Save Darfur Coalition, more than
150,000 people have signed the petition. This afternoon at 2:00 pm we will be
representing the collective voices of these 150,000 people when we deliver the
petitions to Fidelity's corporate headquarters in downtown Boston.

When we launched we also hoped to move Fidelity to divest its massive
holdings in PetroChina. Since then several major Fidelity funds divested their
holdings completely of PetroChina on the New York Stock Exchange.

However, Fidelity's action is only a first step since Fidelity continues to be a
massive shareholder in PetroChina by virtue of its shares purchased on the
Hong Kong Stock Exchange. They still have than $500 million at PetroChina.

In the face of genocide and many thousands of citizens' complaints, Fidelity's
position remains that their only job is to make money and the genocide is
someone else's problem.

Further, since Fidelity has made no statement or commitment regarding
divestment from PetroChina, investors entrusting their money to Fidelity
Mutual Funds continue to risk inadvertently investing in these companies
helping to fund the genocide in Darfur.

We realize that our campaign against Fidelity should continue and that we
needed to broaden the focus of our work since so many other mutual fund and
investment firms also have genocide related investments.
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So today I'm announcing the launch of Investors Against Genocide, a new
organization dedicated to convincing financial institutions to make a
commitment that they will not invest in genocide.

All of our experience on the Fidelity campaign reinforces our belief that
Americans do not want their family savings invested in companies that help to
fund genocide.

The broadened set of targets, building on our work with Fidelity and
Berkshire Hathaway is striking. They include the largest mutual fund
companies in the world and some of the most prominent financial institutions
in the country. Together these companies touch far more than 60 million
households in the United States and hold nearly $8 billion worth of
PetroChina stock.

Action by these companies, whether together or in part, can surely move
PetroChina and Sudan and help about bring about the end of the genocide.
Together with our partners, we will work to make that happen.

While ethical investing may mean different things to different people, surely
there is a minimum standard upon which everyone agrees. Looking back, who
would support the idea of investing in firms that sought to make a profit by
selling Zyclone B gas to the Nazis or machetes for the genocide in Rwanda?
Looking forward, who wants their family savings and pension funds invested
in companies that help fund genocide?

Now is the time for Americans to demand genocide free investing as the
minimum requirements of the financial institutions that serve us.

Learn more about our initiative at
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Colleen Connors: Thank you very much, Eric.

                 I'd like to now have Omer Ismail of the Darfur Peace and Development speak.
                 His name is spelled O-m, as in "Mary,"-e-r. Last name Ismail I-s-m-a-i-l.

Omer Ismail:     Thank you very much. I have a very short statement.

                 To me this is a very interesting discussion and it is not in an abstract form
                 because I'm a person from Darfur and I'm a victim of what is happening in
                 Darfur today.

                 And I think the world must respond in diplomatic and political and economic
                 terms to bring an end to this genocide and this suffering because the people of
                 Darfur are at the receiving end of this kind of investment and I think it is
                 irresponsible for companies to invest in companies that are supporting the
                 country that supports genocide in Sudan.

                 And I just came back from, as Eric Cohen mentioned, Rwanda. I just came
                 back from Rwanda last week. In fact in two hours I'm leaving, going to the
                 airport to go to eastern Chad to be with the Darfur refugees, those people who
                 are suffering as a result of the policies of these companies in supporting the
                 Chinese government, who is supporting the Sudanese government, which is
                 the main perpetrator in this genocide.

                 So I believe the responsibility of these companies is to listen to the investors
                 and from the statistics that we have heard today that 70% or more from the
                 American people, the American people do not want their money to be
                 invested in companies that support genocide.
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And I think that is a strong message and I think people should continue with
this campaign until we see that we are getting the funds back from these
companies that are funding genocide.

And that will help definitely in resolving the issue in Darfur and we would
love to see this issue resolved amicably because the suffering of the people

Two and a half to three and a half million people roaming the hills of Darfur
with no place to stay. When they were uprooted from their villages and their
buildings were burned, their livelihood is destroyed, their economic life is

And we are talking about dollars and cents here. And those people do not
have nothing to go back to to reclaim their lives. And over a quarter of a
million people in eastern Chad with a small presence in the CAR, that is the
Central African Republic, and many hundreds of thousands of Darfurians all
over the world. I'm one of them in this part of the world.

I believe it is time for us to say, "Enough is enough." This is the only country
that said what is happening in Darfur is genocide. The people of this country
need responsible companies to invest their money responsibly and divest all
companies that support this genocide.

I hope that everybody will work together with all of us to end the genocide
today if we can.

Thank you.
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Colleen Connors: Thank you very much, Omer.

                I'd like to now open the call up to questions.

Operator:       Thank you.

                At this time I would like to remind everyone if you would like to pose a
                question, please press star then the number 1 on your telephone keypad.

                We'll pause for just a moment to compile the Q&A roster.

                Once again that is star followed by the number 1 on your telephone keypad.

                Your first question is coming from (Shrae Viday) of Bloomberg News.

Sree Vidya:     Hi. This is Sree from Bloomberg. I just wanted your sense on some of the
                worst offenders of the five investment companies that you've named. And,
                Zahara, I know you mentioned that you had made attempts contact these
                companies, but if you could just give me a sense for, you know, how long
                you've been pursuing these companies for in an attempt to get in touch with
                them? And, you know, if you could in as much color as you can give on your
                efforts to get them to respond?

Zahara Heckscher:   Okay. Thank you for the question.

                The first part of the question was about the relative investments of the
                different five target companies. And we have just, again, moments ago on our
                new updated Web site, uploaded a spreadsheet in PDF
                format, which you can access through the press kit…
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Sree Vidya:     Okay.

Zahara Heckscher:   …section of the Web site. And I'll just share a summary and then you can
                - excuse me. You can see those details online as well as the source of the data
                and the technical notes.

                And I should mention that the data as noted in the technical notes, is estimate
                based on latest holdings in PetroChina reported by Bloomberg on August 1.
                So the - of the five companies, the one that has the most PetroChina shares is
                Franklin Templeton, then J.P. Morgan Chase. Then we have - sorry. I'm just -
                I'm going through it as I speak.

Sree Vidya:     Oh, sure. Take your time.

Zahara Heckscher:   Capital Group, also known as American Funds is next, then Fidelity and
                then Vanguard. That's the order and you can see the actual number of shares,
                both the H shares on the New York Stock E- I'm sorry, on the Hong Kong
                Stock Exchange and the ADR's in that spreadsheet. And if you have follow up
                questions on that we're happy to answer those.

                The second part of your question was about the communication with these
                companies. Of course the communication with Fidelity has been going on
                since before our campaign launched, starting with the work of Fidelity Out of

                I believe they started the engagement last year, in fact, before their campaign
                launched publicly. And when we - since we launched we sent, as I mentioned,
                literally thousands of emails, we've made phone calls both from our office as
                well as thousands of activists around the country.
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                 The other companies - the other four companies we have sent dozens of letters
                 going back several months now to try to engage them in a conversation to
                 educate them about what their investments are doing and to encourage them to
                 adopt the targeted divestment model.

                 In addition, just a couple weeks ago we sent them a version of this
                 spreadsheet, to give them the opportunity to say if there was any errors in the
                 data here or if any of them have divested or partially divested. We wanted to
                 give them that opportunity. Again, we received no response.

                 So all of the CEO's have received letters and we also emailed the trustees
                 because we felt that they should know as well, not only the CEO's. We did
                 hear back from a couple of companies that are not on the top five and those
                 are T. Rowe Price and Putnam. So we're, you know, in communication with
                 them at least. But of these five, none of them have responded.

                 And, Adam, I don't know if you want to add anymore maybe on the
                 spreadsheet and the data. The Sudan Divestment Task Force actually
                 compiled - did the research that we've presented on our Web site.

Adam Sterling:   No. I think you captured it.

Zahara Heckscher:   Okay. Thanks, Adam.

Colleen Conner: Can we take the next question, Operator?

Operator:        Thank you. You're next question is coming from Stephanie Kirchgaessner of
                 Financial Times.
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Stephanie Kirchgaessner:    Hi. Thanks for taking my question. Can you talk a little bit about
                 what your discussions have been to date, if any, with pension funds because
                 those, I would assume are the largest investors in funds because it's not
                 necessarily up to the individual investors to be able to maneuver these kinds
                 of things, like their 401K or what have you? So just wondering how the
                 discussions are going with pension funds right now?

Adam Sterling:   This is Adam. I would start by saying we - the kind of initial and continuing
                 move, one of the aspects of the divestment campaign have been focused on
                 public pension funds, largely state pension funds.

                 And I as I mentioned today, 20 U.S. states have adopted Sudanian divestment
                 policies, some through mandated legislation, some through independent
                 actions of the pension funds. So these pension funds are ensuring that their
                 own investments are free and…

Stephanie Kirchgaessner:    Sorry. So they've already divested? I just didn't catch that?

Adam Sterling:   Yes.

Stephanie Kirchgaessner:    They've already - 20 states have already divested from these

Adam Sterling:   From these comp- from offending companies in Sudan.

Stephanie Kirchgaessner:    Okay.

Adam Sterling:   So now we're asking these funds to follow the leads with other investments.
                 So investments that they don't necessarily handle solely on behalf of these
                 pension funds.
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Stephanie Kirchgaessner:    Well can you tell me a little more about the progressive with the
                 pension funds and how they're responding and what the continuing plan is to
                 encourage them to change their - put pressure on the funds themselves?

Adam Sterling:   Sure. So we - in - last year we, the Sudan Divestment Task Force, developed
                 state legislation. It's our targeted divestment model. It was first adopted in
                 California in September of 2006, where two of the largest pension funds in the
                 country, CalPERS and CalSTERS, were mandated under the legislation.

                 Since then 12 additional states, 13 in total, have adopted the targeted model,
                 which focuses on worst offending companies. Additionally seven other states
                 have adopted differing models of Sudan divestment.

                 There are four states this year still considering Sudan divestment legislation,
                 Massachusetts, Michigan, Wisconsin and Ohio. And the most recent state, last
                 week, divestment legislation was signed in North Carolina. We'll continue to
                 pursue divestment legislation in next year's legislative sessions.

Stephanie Kirchgaessner:    Are there any pension funds that have been - have rejected this
                 outright? Or that you would put on a list of not being open to discussions with
                 the Coalition?

Adam Sterling:   You know, largely, there's been pension funds opposed to broader models of
                 divestment. We've received a lot of support from our fund - our model of
                 targeted divestment. There's been resistance in states like Wisconsin,
                 specifically to our model, with one of the larger pension funds in the country.
                 So I think that's an example of a fund that's been publicly opposed.
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Eric Cohen:      This is Eric with just a little more on the question of pension funds, for you
                 Stephanie. In addition to the public pension funds that Adam was just
                 discussing, the country of course is full of private pension funds, which are
                 operated by companies, most of whom hire mutual fund companies, such as
                 Fidelity, to operate their pension fund for them.

Stephanie Kirchgaessner:    Right.

Eric Cohen:      And this can be a terrible catch 22 for Americans once they discover the
                 complication with companies like Fidelity investing in the genocide because
                 many of those 401K plans have limited options about what kind of funds an
                 employee may chose. And if the plan, for instance, is limited - run by Fidelity
                 and limited to Fidelity funds, then you could be in quite a quandary.

                 So we've started to work with a variety of organizations, employees and
                 companies, employees at colleges and universities to raise the issue about
                 what's happening with their private pension plan.

                 And there's been some moment in this area as well, for instance Stanford
                 University published, to all its employees in the pension plan, instructions on
                 how to move out of Fidelity funds and into different funds. So sometimes
                 there are things that pension plans can do and plan administrators…

Man:             (Unintelligible).

Eric Cohen:      …can do to help.

Man:             Eric?
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Eric Cohen:       We've published on our Web site instructions and suggestions for employees
                  to talk to their plan administrators to see what can be done. Unfortunately,
                  many of these plans are locked in by contract and people's options are quite

                  But at least raising the issue in their company and then having the company
                  raise the issue with the service provider, such as Fidelity, helps to put some
                  pressure in the right place, on the companies that are having the investment

Zahara Heckscher:    This is Zahara. And I just want to add that in addition to the state
                  legislation, which I think has made, you know, very dramatic progress with
                  these 20 states divesting, there's also national legislation, HR180 which is the
                  Darfur Accountability and Divestment Authorization Act.

                  And among other things, this legislation would protect the state's right to
                  divest their pension funds. And I think it's a testament to the very, very broad
                  basis of support for divestment in the U.S. that the legislation passed the
                  House in July by a vote of 418 to 1.

                  And the bill's now moved to the Senate and the organizations are working
                  very hard now for its passage because that will, again, be a significant step
                  forward for the divestment movement.

Stephanie Kirchgaessner:     Thank you.

Colleen Connors: Thank you, Stephanie. Operator, we can take the next question.

Operator:         Thank you. Your next question is coming from Murali Kumar of Reuters.
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Murali Kumar:     Hi. Thank you. I just wanted to know how much is the new campaign costing?

Colleen Connors: We are - we don't have any specific numbers that we're releasing at this time.
                  But it will be a significant ca- sized campaign we're going to - a lot resources
                  into it.

Murali Kumar:     Right. Okay. Another question I have is one of the oppressed's statements
                  mentioned this company, Allianz Global Investors as one of the targets, but
                  your comments don't include that company. So is Allianz part of this
                  campaign or isn't it?

Zahara Heckscher:     This is Zahara Heckscher at the Save Darfur Coalition. So the Save Darfur
                  Coalition's next step in our campaign is really focusing on the five U.S. based
                  mutual funds companies that are the largest investors in PetroChina.

Murali Kumar:     Right.

Zahara Heckscher:     But we recognize that there are many other holders in PetroChina,
                  including Allianz, and although it's based in Germany, it does have many
                  Americans invested in mutual funds. So we're supporting the campaigns of
                  our allies and I'll turn it over to Eric at Investors Against Genocide, who are
                  targeting Allianz.

                  We're in communication with our allies in Germany about the Allianz
                  campaign. And in addition, there are other companies where we will be
                  supporting the work of our allies and those include Berkshire Hathaway and
                  also UBS, which maybe Adam could address?

Eric Cohen:       This is Eric. Thanks for question, Murali. From Investors Against Genocide,
                  we are adding Allianz as one of the players that we're going to look closely at.
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                And just as in the case of Fidelity, our campaign on Fidelity had the spotlight
                shining on it before additional partners joined us in that campaign and added
                their weight behind it and we got much stronger then.

                We're kind of on the early side of starting with Allianz. We do have some
                partners in Germany who are beginning work in country as well. We thought
                it was important to call out to Allianz as Zahara had mentioned because there
                are so many Americans that are buying mutual funds from them through
                PIMCO and NFJ and RCM. And Allianz has the dubious distinction of having
                taken over from Fidelity as the leading holder of PetroChina on the New York
                Stock Exchange.

Murali Kumar:   Right.

Eric Cohen:     And it was important to us and not let them think for a second that they were
                going to get away with no one chasing them just because everyone wasn't
                going to chase them right away.

Murali Kumar:   Right.

Eric Cohen:     So we hope to start building the pressure and as it builds, the campaign will
                build and I think broaden further.

Murali Kumar:   Thank you. One final point of clarification. There was the mention of two
                firms, T. Rowe Price and Putnam, if I'm not mistaken. What was that in
                connection? But - sorry I didn't catch that part.
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Zahara Heckscher:   Okay. This is Zahara, again. And after I answer this question I'll turn it
                back over to Adam to go back to the IPO - the PetroChina, IPO and UBS. But
                to talk specifically about T. Rowe Price and Putnam.

                When we communicated with the investment firms, we did not just
                communicate with the top five here, we communicated with a much broader
                list of companies that have investments in PetroChina and the other offending
                companies, including T. Rowe Price and Putnam. The…

Murali Kumar:   Right.

Zahara Heckscher:   …size of their holdings is a little bit less so they're not on our top target
                list but we still wanted to communicate with them about these investments.
                And those were the two companies that responded to us and said that they are
                actually considering their Sudan investment policy.

                Putnam is actually bringing this issue to their Board of Trustees this month,
                although we don't have the exact date for that. And T. Rowe Price has
                involved some socially responsible investment experts in helping them assess
                their investments in Sudan.

                So we're very, very pleased with the fact that they are taking this campaign
                seriously and taking a very close look at their own investment policies
                regarding Sudan and I think it's an example of one of the themes of our
                campaign which is "Engagement".

                We favor discussion, communication, collaboration, not only with the
                investment firms but also especially through the work of the Task Force. They
                encourage engagement with the firms that are the highest offenders in Sudan.
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                 And only if engagement does not work do they promote actual divestment.
                 And, Adam, can you just go back to the IPO and the role of UBS?

Adam Sterling:   Yeah, so beyond just focusing on financial institutions investments in
                 PetroChina, PetroChina has - we'll be seeking or we'll be scheduling an IPO
                 on the Shanghai Stock Exchange and they've hired UBS as the entity to
                 manage that IPO.

Murali Kumar:    Right.

Adam Sterling:   Okay.

Zahara Heckscher:    And so just to build on that, we'll be working with our allies around the
                 world to pressure UBS. So although the Divest for Darfur campaign is really
                 most focused on the top five U.S. based mutual funds companies, we do
                 represent the Save Darfur Coalition of 180 organizations. So we work closely
                 with them on other strategies to pressure companies that may not actually be
                 on our short target list.

Murali Kumar:    Right. Thank you very much.

Colleen Connors: Thank you.

Eric Cohen:      This is Eric. Just to add a point for your question, Murali. Since Putnam is
                 based in Boston, I went out of my way, since I'm based in Boston, to have
                 discussions with them and I want to emphasize Zahara's point about how
                 pleasantly unusual it was that they opened their door for actual discussion and
                 requested information. So that's quite laudable.
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                 That does not constitute action yet, but it's certainly very different than the
                 kind of reception we've gotten from the largest mutual fund companies in the
                 country. So we are engaging with Putnam and we'll be seeking to engage with
                 the other players as well who are not on the target list.

                 And I - one of the things that I think can be significant for all of them is that
                 there's a tremendous market opportunity here for mutual fund companies to
                 get on the right side of this issue because Americans are shocked and outraged
                 when they discover the connection and they don't want to be connected.

                 And as there starts to be major mutual fund companies that make themselves
                 available being genocide free, they will be very attractive places for people
                 that want to move their money once they start emerging. So we're hoping to
                 see more names joining the list that Zahara was referencing of fund companies
                 that have divested or declared themselves genocide free.

Murali Kumar:    Thanks.

Zahara Heckscher:    And that list of companies is in the press materials at the
        site and you can see that we definitely are publicizing the
                 companies that have already adopted targeted divestment. And we would be
                 delighted to add more. We anticipate adding more companies to that list as
                 more and more people seek alternatives.

Colleen Connors: Thank you. Is there another question?

Operator:        Thank you. Your next question is coming from Abid Aslam of Inter Press
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Abid Aslam:       Yes. If I recall correctly, you were not able to put a dollar sum or a ballpark
                  estimate on how much your efforts are going to cost. I'm wondering if you can
                  give us some sense then of where the money is coming from? Have you
                  received special funding for the next phase? Or is the money coming from
                  your regular sources? In either case, what are those sources?

Colleen Connors: Thank you, Abid. The - we are fortunate here at the Save Darfur Coalition to
                  have more than a million people on our email list and millions of Americans
                  involved in the campaign. Most of our funding comes from individual
                  donations, although foundations also donate to the Save Darfur Coalition.

                  Our donations range from small children who have lemonade stands and send
                  us their quarters to individuals and foundations who make sizable donations.
                  So the significant resources that we will put into this next phase of the
                  divestment campaign will come from our regular funds.

Abid Aslam:       How much from individuals? How much from foundations roughly? Or at
                  least the proportions if you don't have don't have dollar figures?

Colleen Connors: I actually don't have that data in front of me but I'm happy to follow up with
                  you after this call and then I'd have to pull up some our financial information.
                  But the majority of our - there are more donations made by individuals. I
                  believe in the 2006 calendar year we had more than 40,000 Americans make a
                  donation to the Save Darfur Coalition.

Abid Aslam:       Okay. Great. Thank you.

Operator:         Thank you. Once again as a reminder, if you would like to pose a question,
                  please press star then the number 1 on your telephone keypad.
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                  There appears to be no further questions at this time. I'll send the floor back
                  over to your host for any closing remarks.

Colleen Connors: Thanks (Judith). Thank you all for participating in the call today. Again, I'm
                  happy to follow up on any questions or my colleague, Ashley Roberts. I can
                  be reached at 202-478-6181. And Ashley can be reached at 202-478-6181. I'm
                  at 6147. I apologize.

                  All of the materials from today's press briefing can be found at
         and the transcript will be posted in the
                  press section of our Web site tomorrow and that's

                  So thank you again for participating.

Operator:         Thank you. This concludes today's Save Darfur Coalition investment
                  campaign conference call. You may now disconnect.