Identification
Listing sponsor / Agent

<p>
INVEST SECURITIES</p>

Symbol
OVG
ISIN code
FR0010044149
Exchange / Market
Euronext Growth
Trading location
Paris
Products family
Funds
ICB
Computer Hardware
Website address
Issuer website
http://www.overlap.fr
Operation
IPO date
IPO type

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

IPO price
8.40 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 November 25th, 2005 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. Should the price of admission be under EUR 8.00, the number of shares proposed would be modified and the Autorit&eacute; des March&eacute;s Financiers would have to deliver another visa on a new prospectus giving the new terms and conditions of the Offer (Placement and OPO). The placement Before first listing, a proportion of the shares will be included in a public placement in France and an international private placement in some countries excluding the United States of America. The Open Price Offer Purchase orders placed are irrevocable and they will be valid on November 25th, 2005 only. Orders will be stated in terms of number of shares, without a price indication, and will be deemed to be stipulated at the first quotation price. If the float does not amount 2.5 million euros, the Offer will be cancelled and the orders will be void.</p>

Operation description
Operation calendar

<p>
- Period of the Placement: from November 16th, 2005 to November 24th, 2005 (12:00) - Period of the OPO: from November 16th, 2005 to November 24th, 2005 inclusive - First quotation: November 25th, 2005 - Beginning of trading: December 1st, 2005</p>

Price range
8.00 euros – 9.20 euros