Closing of the Editis transaction

Category

Corporate & other activities, Lagardère Publishing

Paris, September 30th, 2004

LAGARDERE and WENDEL Investissement have finalized today the divestiture of the Editis assets put up for sale.

The agreement has been submitted to the relevant workers councils as requested.
The antitrust authorities have approved the transaction.

As previously announced, the block sale is based on a Euro 660 mil enterprise value.

LAGARDERE retains control of 40% of the Editis assets ex-VUP (Larousse, Anaya, Dalloz, Dunod, Armand Colin, Chambers & Harraps). These assets have been fully consolidated since the start of 2004.

Press Contact:

LAGARDERE - Direction de la Communication - 33 (0)1 40 69 16 33

Investor Relations Contact:

LAGARDERE - Laurent Carozzi - 33 (0)1 40 69 18 02

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