Seventh resolution

Seventh resolution

(Renewal of the term of office of a director)

The Annual Meeting resolves to renew the term of office as director of Louis Schweitzer for a period of three years, expiring at the close of the Annual Meeting to be called in 2007 to approve the 2006 financial statements.

Presentation of the resolution

In the seventh and eighth resolutions, shareholders are invited to renew the terms of office as directors of Louis Schweitzer and Lindsay Owen-Jones, for periods of three years expiring at the close of the Annual Meeting to be called in 2007 to approve the 2006 financial statements.

Louis Schweitzer, 61, and Lindsay Owen-Jones, 58, are independent non-executive directors. Louis Schweitzer is Chairman and Chief Executive Officer of Renault, and Lindsay Owen-Jones is Chairman and Chief Executive Officer of L’Oréal.