Identification
Listing sponsor / Agent

<p>
Euroland Finance</p>

Symbol
ALMAE
ISIN code
FR0010288894
Exchange / Market
Euronext Growth
Trading location
Paris
ICB
Personal Products
Website address
Issuer website
http://www.parfumdimage.com
Operation
IPO date
IPO type

<p>
Global Placement and Open Price Offer</p>

IPO price
13,50 euros
IPO type
Initial Public offering
Catégorie
IPO
Operation procedure

<p>
Conditions applying to both Global Placement and Open Price Offer The first share price will be set at the end of the OPO and will take account of the demand expressed in the global placement. The prices of the global placement and the OPO are the same. The definitive price will be set on 17 February 2006 after centralisation of the OPO and should be published by Euronext Paris in a notice that same day. The final share price may be set outside the mentioned range. The Global Placement Before first listing, a proportion of the shares will be included in a placement in France and an international private placement in some countries excluding the United States of America. - Number of shares: 378 967 shares, that is 90% of the Offer. Depending on the demand, the breakdown between the Placement and the OPO may be adapted as stated below. - Underwriter: Euroland Finance The Open Price Offer - Number of shares in the OPO: 42 107 shares, that is 10% of the Offer. If the demand permits it, the number of shares offered within the OPO will be equal to 10% minimum of the Offer.</p>

Operation description
Operation calendar

<p>
- Period of the Placement: from 2 to 17 February 2006 (12:00) - Period of the OPO: from 2 to 16 February 2006 (17:00) - First quotation: 17 February 2006 - Beginning of trading: 23 February 2006</p>

Price range
11.70 euros – 13.50 euros