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Declaration of transaction


Disclosure of trading

Paris, December 18, 2006

In accordance with the articles 222-14 and 222-15 of the General Regulation of the French Securities Regulator (Règlement Général de l’Autorité des Marchés Financiers (A.M.F.))

Declarer Mr Arnaud LAGARDERE
Function Managing Partner of Lagardère SCA (Gérant)
Identity and function of the person linked with the above-mentioned person  
Description of financial instrument LAGARDERE Share
Type of operation Options of subscription exercise
Quantity 40,442
Transaction date 07/12/2006
Transaction place Paris
Unit price € 43.52
Operation amount € 1,760,035.84

This English translation is for convenience of English-speaking readers.
However, only the French text has any legal value.

Issuer’s corporate name: Lagardère SCA
Partnership limited by shares (Société en Commandite par Actions)
Share capital : 866,456,932 euros
Registered under n° 320 366 446 RCS Paris
Registered office : 4, rue de Presbourg, at Paris 16° (75) – France

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