INVEST IN FRANCE CONFERENCES

Atlanta , January 25th, 2001 - Presentation "Investing in France."

Dallas , January 24th, 2001 - Presentation "Investing in France."

San Francisco , January 23rd, 2001 - Presentation "Investing in France."

New York, April 1997 - Co-organization of the presentation of Jean Lemierre, Director of the Treasury, Ministry of Finance of France.

New York, February 1997 - Presentation of Jean-François Théodore, Chairman and CEO of the SBF . Paris Bourse.

New York and Boston, 1996 - European Investment Conference for JPP Eurosecurities by US institutional investors. Members of JPP Eurosecurities include Jean-Pierre Pinatton, Raiffeisen Zentralbank, Schroder Munchmeyer Hengst, Bank Labouchere, Petercam and FG Valores y Bolsa.

San Fransisco, January 1996 - Co-organized with Salomon Brothers the presentation of Mr. Dominique Leblanc, CEO of Le Nouveau Marché to U.S. investors.

New York and Boston, 1995 and 1994 - Annual Investment Conferences for CCF IFC attended by US institutional investors. Members of CCF IFC included CCF Elysees Bourse, Schroder Munchmeyer Hengst, FG Valores y Bolsa and Bank Labouchere.

New York, September 1994 - First public presentation to US investors by the Minister of the Economy of France, Mr. Edmond Alphandery.