Report on activities first quarter 2009

Ø At 18 May 2009, the intrinsic value (ex-dividend) amounted to EUR 244 compared to EUR 252 at 31 December 2008 SIGNIFICANT EVENTS SINCE 1st JANUARY 2008 The first quarter is traditionally of low activity for a holding, the dividends being received starting from the second quarter. It is thus not very representative for the whole year. The balance sheet structure of the Compagnie is almost unchanged compared to that of December 31st, 2008. HOLDINGS The results and/or trends of the principal holdings at 31 March 2009 are in line with expectations. OUTLOOK FOR THE CURRENT FINANCIAL YEAR In the context of the present economic and financial crisis, the Board remains vigilant with respect to the Company's situation and is prudent on the outlook over the short and medium term. FINANCIAL TIMETABLE 31 August 2009 (17.35) Publication of the half-yearly results 13 November 2009 Report on activities 3rd quarter 2009 1st fortnight in March 2010 Annual results 2009 This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.