RUE DU COMMERCE

Common conditions for Global Placement and Open Price Offer The first share price will set of the offer and will take account of the demand expressed in the Global Placement. The final price will be set on 29 September 2005 after centralisation of the OPO and should be published in a notice that same day. The final share price may be set outside the mentioned range. The final number of shares offered in Global Placement and OPO will be fixed in accordance with the nature and the importance of the demand. Characteristics of the Global Placement Before first quotation, a proportion of the shares will be distributed under the Global Placement directed to institutional investors comprising a public placement in France and outside the France except the United States of America. - Number of shares: 3 465 927 shares, that is 90% shares of the Offer (before exercise of over-allocation option). - Underwriters: Lazard, IXIS and Natexis Bleichroeder Characteristics of the Open Price Offer The OPO is meant for individuals, investing legal entities and FCP. - Number of shares: 385 102 shares, that is 10% shares of the Offer (before exercise of over-allocation option). If demand in the OPO allows it, the final number of shares allocated in response to the orders given in the OPO will at least be equal to 10% of the total number of shares offered before the exercise of the over-allocation option.