Identification
Symbol
MDL
ISIN code
FR0010060665
Trading location
Paris
ICB
Telecommunications Equipment
Website address
Issuer website
http://www.modelabs.com
Operation
IPO date
IPO type

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

IPO price
9.60 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 6 April 2006 after centralisation of the OPO and should be published by Euronext Paris SA in a notice that same day. The final share price may be set outside the mentioned range. The Global Placement Prior to the quotation, a part of the shares will be distributed to institutional investors, within the framework of a Global Placement realised in France and abroad (except the United States of America). - Number of shares: A maximum of 90% of the shares offered under the Global Placement and OPO before the exercise of over-allocation option i.e 6,468,539 shares. The number of shares offered within the Global Placement may be increased if the OPO is not fully subscribed. - Underwriters: Cazenove, CALYON The Open Price Offer - Number of shares in the OPO: A minimum of 10% of the total number of shares offered under the Global Placement and OPO (before the exercise of Over-allocation Option), i.e 718,727 shares. The number of shares offered within the Global Placement may be reduced in order to increase the Open Price Offering.</p>

Operation description
Operation calendar

<p>
- Period of the Placement: from 27 March to 5 April (17:00) - Period of the OPO: from 27 March to 5 April 2006 (17:00) - First quotation: 6 April 2006 - Beginning of trading: 7 April 2006 - From April 7, 2006 and until April 11, 2006 inclusive: trading of new and old shares on a single quotation line &quot;ModeLabs PROMESSES&quot; under the code FR0010060665. - As of 12 April 2006: the ModeLabs shares will be quoted under the title &quot;ModeLabs Group&quot;, code ISIN FR0010060665 (unchanged) and mnemonic MDL (unchanged).</p>

Price range
8.88 euros – 10.32 euros
Broker to issue

<p>
CAZENOVE<br />
CALYON</p>