CHANGES IN ACCOUNTANCY STANDARDS

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Significant changes in consolidated companies during 2010, none of which had a material impact on the 2010 consolidated financial statements, were as follows:

Lagardère Publishing

Sale of the 51% investment in the Brazilian publisher Escala Educacional, which is deconsolidated as of 30 April 2010.

Lagardère Active

Sale to Bolloré Média of the TV channel Virgin 17, which was deconsolidated from 31 May 2010.

Lagardère Services

Full consolidation from 1 February 2010 of Aélia CZ, a company that operates airport shops in the Czech Republic.

Lagardère Unlimited

Acquisition of the US company Best, which specialises in the representation of sports personalities and celebrities.
The company is fully consolidated with effect from 23 April 2010.

At 31 December 2010, the assets and liabilities associated with the international magazine publishing activity concerned by the firm purchase offer by Hearst Corporation in January 2011 have been reclassified as assets held for sale and associated liabilities in the balance sheet. These activities remain consolidated in the income statement over the whole of 2010 and will remain beyond that date, untilcompletion of the transaction.