<p> Minimum-price tender</p>
<p> - Number of shares offered: 41 800 shares that is 5% of capital and 3,25% of voting rights - Minimum offer price: 6,00 euros - Extension Clause: 10 450 shares, that could be amount to 52 250 shares offered</p>
<p> - Subscription period: up to 15 July by 5:00 p.m. - Result of the Minimum-Price Offer: 16 July 2004 - Date of first trading day: 16 July 2004 - Date of first negotiation: 19 July 2004</p>
<p> EUROPE FINANCE ET INDUSTRIE</p>