Sixth resolution

Sixth resolution

(Ratification of the appointment of a director - Renewal of the term of office of a director)

The Annual Meeting resolves to:

- ratify the appointment of Jean-François Lepetit as a director, made by the Board of Directors at its meeting of 5 May 2004, to replace Jean-Marie Messier for the remainder of Mr. Messier's term of office, i.e. until the Annual Meeting to be called in 2005 to approve the 2004 financial statements;

- renew the term of office as director of Jean-François Lepetit for a period of three years, expiring at the close of the Annual Meeting to be called in 2008 to approve the 2007 financial statements.

Presentation of the resolution

In the sixth resolution, shareholders are invited to ratify the appointment of Jean-François Lepetit as director by the Board of Directors on 5 May 2004, to replace Jean-Marie Messier for the remainder of Mr. Messier's term of office, which expires at this Meeting. Shareholders are also invited to renew Jean-François Lepetit's term of office as director for a period of three years, expiring at the close of the Annual General Meeting to be called in 2008 to approve the 2007 financial statements. Jean-François Lepetit, 62, is an Associate Professor at EDHEC and would therefore be an independent member of the Board.