POWEO

Identification
Listing sponsor / Agent

<p>
Arkeon Finance</p>

Symbol
ALPWO
ISIN code
FR0004191674
Exchange / Market
Euronext Access
Trading location
Paris
Products family
Funds
ICB
Electricity
Website address
http://www.poweo.com
Issuer website
http://www.poweo.com
Operation
IPO date
IPO type

<p>
Direct Trading procedure</p>

IPO price
34,01 euros
IPO type
Initial Public offering
Catégorie
IPO
Operation procedure

<p>
Reference price will be the last trade price on the March&eacute; Libre central order book.</p>

Operation description
Operation calendar

<p>
- 26 May 2005 (evening): closing of the trading on the March&eacute; Libre. All remaining orders will be cancelled. - 27 May 2005: opening of trading POWEO shares on Alternext.</p>