Press Release – Notification of the Lagardère SCA General Partners and the Managing Partners to the shareholders

Category

Corporate & other activities, Finance

Paris, April 12, 2010

Notification of the Lagardère SCA General Partners to the shareholders

Mr. Wyser-Pratte and certain funds which he claims to represent have requested that two additional resolutions be included in the agenda for the April 27, 2010 general meeting of the Lagardère SCA limited partnership with shares.

Following the April 9, 2010 publication of the draft resolutions in the BALO, the General Partners met on April 10, 2010.

They noted the unanimous and formal opposition of the Lagardère SCA Supervisory Board, expressed on April 8, 2010, to the first resolution proposing that Mr. Wyser-Pratte be appointed as a member of the Supervisory Board.

The second resolution proposed by Mr. Wyser-Pratte aims at removing the prerequisite nature of the consent of the General Partners from the bylaws. This prior consent is currently required for resolutions submitted to a general meeting to be duly adopted.

The General Partners expressed their views and refused to give their consent to this draft resolution, immediately informing the Managing Partners of Lagardère SCA.

 

Notification of the Managing Partners of Lagardère SCA to the shareholders

Mr. Wyser-Pratte and certain funds which he claims to represent have requested the inclusion of two additional resolutions to the agenda for the April 27, 2010 general meeting of the limited partnership Lagardère SCA, which was duly effected pursuant to the law.

The Managing Partners of Lagardère SCA inform that these resolutions will be submitted to the votes of the limited partners during this meeting, subject to said partners previously evidencing that they hold the required number of shares (0.53% of the share capital) as at March 25 and April 24, 2010.

In order to present the said resolutions Mr. Wyser-Pratte must likewise prove that he is duly representing the funds concerned.

At the April 7, 2010 hearing, the Presiding judge of the Paris commercial court observed that on such date neither the requisite shareholding nor proof of the representation had been demonstrated.

Given the position expressed by the General Partners with regard to the second resolution, the Managing Partners stated that in accordance with the bylaws of the limited partnership, this resolution would not, in any case, be adopted.

Press Contacts

Thierry Funck-Brentano - tel. +33 (0)1 40 69 16 34 - tfb@lagardere.fr

Ramzi Khiroun - tel. +33 (0)1 40 69 16 33 - rk@lagardere.fr

Lagardère is a pure media group (i.e. books, press, audiovisual, digital, retail travel and press distribution, sports financing and sports rights) and is one of the world leaders in the sector. The underlying market for Lagardère shares is Euronext Paris (Compartment A).

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