Capital ownership

(at March 31, 2013)

		Breakdown of capital The free float is close to 60%. Most is held by institutional investors. Delta Lloyd Asset Management (Netherlands) holds more than 10% (but less than 15%) of the capital and the voting rights, and Société Financière de l’Echiquier (France) and Schroder Investment Management (United Kingdom) each hold more than 5% (but less than 10%) of the capital and the voting rights, on behalf of investment funds managed by them. Capital: 29,046,288 shares
		Breakdown of diluted capital Thanks to a motivating stock option program, the management (other than André Harari and Daniel Harari, who hold no stock options) and key employees (currently 159 persons) hold 10% of the diluted capital. The Group intends to pursue this selective policy of promoting employee share-ownership. At March 31, 2013, fully-vested stock options totaled 8% of the base capital. Fully-diluted capital: 31,958,019 shares