NEXTRADIOTV

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 October 6th, 2004 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 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 (excluding the United States of America). - Number of shares 3,161,222 to 3,556,375 shares (i.e. 80% to 90% of the offered shares before the exercise of the over allocation option and offering reserved to employees). The number of shares offered within the Global Placement may be increased if the OPO is not fully subscribed. - Underwriters: BNP Paribas, Lead Manager and Bookrunner, JPMorgan Cazenove Limited, Co-lead Manager Senior and CM-CIC Securities, Co-lead Manager. The Open Price Offer Number of shares in the OPO: 395,153 to 790,306 shares (i.e. 10% to 20% of the offered shares before the exercise of the over allocation option). The number of shares offered within the Global Placement may be reduced in order to increase the OPO. However, that number of shares offered in the OPO will not exceed 20% of the total number of shares disseminated to the public.