Paris, December 16, 2003

Press Release

Based on preliminary indications on the Group's activity at the end of November, the fourth quarter revenue should be below the guidance provided by management on October 20th; however, it should show a slight growth compared to the third quarter.

Consequently, the operating profit for the second half-year should reach 2% to 3% of revenue.

The Group will disclose 2003 full year results on February 26, 2004.