APRR

SANEF

ASF

Established in

1961

1963

1957

Network length (miles as of June 2006)

1,370

1,083

1,841

First listed on the Paris Stock Exchange

25 November 2004

24 March 2005

28 March 2002

Initial Share Price

Є 40.5

Є 40.0

Є 24.0

Share price 06/07/2005 (day before privatization was announced) CAC= 4,180.7

Є 44.5

Є 41.6

Є 43.6

Share price 07/18/2005 (day when the privatization process was launched) CAC= 4,363.5

Є 51.8

Є 48.4

Є 48.4

Share price 12/30/2005 CAC= 4,715.2

Є 60.4

Є 57.25

Є 50.0

Remaining State Share

70.2% (via ADF)

75.7% (via ADF)

50.4% (via ADF)

Ownership Structure

70.2% State & ADF
0.9% Employees
0.8% Local authorities
24.1% Float Shareholders
4.0% Eiffage Group

75.7% State & ADF
0.9% Employees
0.3% Local authorities
23.1% Float Shareholders

50.4% State & ADF
1.9% Employees
0.8% Local authorities
23.9% Float Shareholders
23.0% Vinci Group

Workforce

4,391

3,642

7,975

Gross Revenue 2005

Є 1.57 Billion

Є 1.15 Billion

Є 2.47 Billion

EBITDA 2005

Є 0.974 Million

Є 0.74 Billion

Є 1.57 Billion

EBITDA/Gross Revenue

62.0%

64.5%

63.4%