About Lagardere

audit committee

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An Audit Committee of the Supervisory Board meets at regular intervals the better to prepare the work of the Board.
This Committee is chaired by Mr. Raymond H. Lévy and includes Messrs Helman le Pas de Sécheval, Christian Marbach,
Bernard Mirat and Didier Pineau-Valencienne. More than half of the members are independent. The meetings are open to
the Statutory Auditors.

In application of its internal rules, it meets at least four times a year and its tasks include the review of:

• the accounts, to ensure the continuity of the methods, quality, exhaustiveness and sincerity of the fi nancial statements;
• the existence and proper operation of the internal control procedures, especially in terms of risk exposure;
• more specifically, as regards the internal auditing of the Company, its business activities, audit program, organisation,
• operation and realisations;
• the agreements binding the Group and the senior managers of Lagardère SCA.

The members of the Audit Committee have the same documents available to them as the Statutory Auditors, whose work
summaries they review; they also hear the main senior managers of the Group.
The Chairman of the Supervisory Board reports to the members of the Board on the work conducted by the Audit
Committee.

The Supervisory Board’s meetings in March and September 2007 were preceded by meetings of the Audit Committee,
in February and September 2007. The Audit Committee also met in June and November 2007.
These four half-day meetings were attended by all Committee members (with the exception of one who sent his apologies for
the February meeting, and one who sent his apologies for the September meeting). In addition to the annual and half-yearly
financial statements, the Committee reviewed the activities of the Internal Audit Division, and heard a presentation by one
of the Managing Partners on the accounts of Lagardère Capital & Management (LCM), and discussed the IT risk audit, risk
mapping and organisation of risk management in the Group.

These meetings took place in the presence of the Chief Financial Officer, the Central Accountancy Director (at the meetings
reviewing the annual and half-yearly financial statements), the Director of Management Controls, the Director of Internal
Audit, and the Statutory Auditors. The main documents reviewed in the course of each of these meetings were sent out
in advance to the members of the Audit Committee.
When the Audit Committee reviews the financial statements, the Chief Financial Officer gives a presentation of risk exposure
and significant off balance sheet commitments.