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Conditions of the fixed-price offer (Centralization by Euronext Brussels) Fixed-price: 6.82 euros A maximum of 72,141 shares made available to the market. Result of the fixed-price offer: the result of the offer shall be published in a notice on 11 October 2006 giving details, in particular the percentage of reduction that may have been applied to orders, as well as the conditions in which the trading on 17 October 2006 shall be pursued, subject to the realisation of the increase of capital and the delivery of the certificate by the depositary. Trading of the shares After the closing of the fixed-price offer, a maximum of 3,771,352 shares shall be listed on the Free Market of Euronext Brussels representing all of the existing shares of the company. Subscription of the new shares is not guaranteed. Consequently, trading of the new shares shall take place after the delivery of the certificate by the depositary and the trading of the new shares shall begin on the NSC system on 17 October 2006. Request for listing Euronext Brussels also received an application for listing on the Free Market of Euronext Brussels of maximum 110,000 new ordinary shares, which could be issued following the exercise of 110,000 warrants granted to the staff which were issued following the decision of the EGSM of 28 August 2006 of the company EMD Music s.a.</p>