Identification
Listing sponsor / Agent

<p>
CREDIT DU NORD</p>

Symbol
ALVER
ISIN code
FR0004155240
Exchange / Market
Euronext Growth
Trading location
Paris
ICB
Industrial Machinery
Website address
Issuer website
http://www.vergnet.fr
Operation
IPO date
IPO type

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

IPO price
13.85 euros
IPO type
Initial Public offering
Catégorie
IPO
Operation procedure

<p>
Global Placement procedure - Number of shares: 1,752,469 shares representing 90% of the Offer (before extension option exercise) - Book runner: GILBERT DUPONT Open Price Offer procedure - Subscription open for Retail investors, legal entities and certain UCITS - Number of shares: 194,719 shares representing 10% of the Offer (before extension option exercise)</p>

Operation description
Operation calendar

<p>
- Period of the Placement: from May 24, 2007 to June 5, 2007 (17:00) - Period of the Offer: from May 24, 2007 to June 5, 2007 (17:00) - First quotation: June 6, 2007 - Beginning of trading: June 12, 2007</p>

Price range
11.95 euros - 13.85 euros
Broker to issue

<p>
GILBERT DUPONT</p>