Half-yearly achievement report on PPR share quotations liquidity mandate

Paris, 5 January 2009

Pursuant to the liquidity mandate granted by PPR to Rothschild & Cie Banque, the following assets appeared on the liquidity account as on 31 December 2008 :

0 Share

52 509 020.00 €

For information, the following assets appeared on the liquidity account as on 30 June 2008 :

721 000 Shares

17 917 537.00 €

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