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Analyst Coverage

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Financial institutions	Analysts
AUREL BGC	Frédérique WERNER
CHEUVREUX	Laurent MARIE
CITIGROUP	Marc SUGARMAN, Ruchi MALAIYA
CM-CIC	Eric RAVARY
CREDIT SUISSE	Eleanor LAWFORD, Simon BAKER
DEUTSCHE BANK	Paul REYNOLDS, Asanka HERATH
EXANE	Sami KASSAB
GOLDMAN SACHS	Richard JONES
JP MORGAN	Filippo LO FRANCO
KEPLER	Conor O'SHEA
MERRILL LYNCH	Julien ROCH
MF GLOBAL	Meg GELDENS
MORGAN STANLEY	Edward HILL-WOOD
NATIXIS	Richard HOUBRON
ODDO	Bruno HARENG
NOMURA	Matthew WALKER
RBS	Paul GOODEN
SOCIETE GENERALE	Christophe CHERBLANC
UBS	Polo TANG

The above list is provided for information purposes only. It comprises the analysts who, to our knowledge, cover Lagardère. Note, however, that we cannot guarantee the accuracy of this list nor can we guarantee that it is complete given that it may be subject to change from time to time.
It should be noted, in addition, that information, opinions, recommendations, estimates, forecast or conclusions made by these analysts do not reflect in any way the positions of Lagardère or its management, who shall not be bound by such information, opinions, recommendations, estimates, forecasts or conclusions.