Group's presentation

Simplified Group Structure

Board of Directors

Chairman and Chief Executive Officer : M. Marc Ladreit de Lacharrière
First elected : June 14, 1990 (director) and April 21, 1993 (chairman)
Re-elected on : February 12, 2008
Number of shares held as of September 30, 2007 : 854 850

Directors

M. Pascal Castres Saint-Martin
Director and Chairman of the Selection, Nominations and Remunerations Committee
First elected : February 13, 2007
Number of shares held as of September 30, 2007 : 450
Director of: SEB

M. David Dautresme
Director and member of the Audit Committee
First elected : June 4, 2003
Number of shares held as of September 30, 2007 : 9 721
Senior advisor de Lazard Frères et administrateur de Casino

M. Philippe Lagayette
Director and member of the Audit Committee
First elected : May 23, 2003
Re-elected : February 12, 2008
Number of shares held as of September 30, 2007 : 450
Director of JP Morgan & Cie SA

Mme Véronique Morali
Director
First elected : April 24, 2001
Re-elected on : February 12, 2008
Number of shares held as of September 30, 2007 : 49 286

M. Jean-Charles Naouri
Director and member of the Selection, Nominations and Remunerations Committee
First elected : May 30, 2006
Number of shares held as of September 30, 2007 : 1 006
Chairman and Chief Executive Officer of Casino, Guichard-Perrachon

M. Etienne Pflimlin
Director
First elected : May 30, 2006
Number of shares held as of September 30, 2007 : 625
Chairman of Crédit Mutuel

M. Bernard Pierre
Director and member of the Audit Committee
First elected : June 18, 1997
Re-elected on : June 7, 2005
Number of shares held as of September 30, 2007 : 17 805
Chairman of the Supervisory Board of Fremapi

Censors

M. René Barbier de la Serre
First elected : June 4, 2002
Re-elected on : February 12, 2008

M. Henri Lachmann
First elected : December 3, 2002
Re-elected on : February 12, 2008
Chairman and Chief Executive Officer of Schneider Electric Industries SA

M. Edouard de Royère
First elected : June 4, 2002
Re-elected on : February 12, 2008
Honorary Chairman of Air Liquide

Audit Committee

The Audit Committee is chaired by Bernard Pierre, with David Dautresme and Philippe Lagayette as the other members. Its role is to give an opinion to the Board of Directors on the annual and interim financial statements of the Company and the Group.

Selection, Nomination and Remunerations Committee

This committee is chaired by Pascal Castres Saint-Martin, with Arnaud Lagardère, Jean-Charles Naouri and Edouard de Royère as the other members. Its role includes the following:

1) Selection and nomination

• providing recommendations to the Board of Directors concerning the composition of the Board, potential directorship candidates and the renewal of directors' terms of office.
• analyzing recommendations made by the Chairman and Chief Executive Officer to appoint Chief Operating Officers (directeurs généraux délégués) and providing an opinion to the Board.
• recommending nomination solutions in the event of an unforeseen vacancy on the Board.

2) Remunerations

• making recommendations to the Board of Directors concerning the calculation of compensation paid to directors and officers.
• where necessary, making recommendations concerning the grant of stock options for employees or officers of the Company and its subsidiaries.

Chief Executives of Fimalac subsidiaries

	Stephen W. Joynt Chief Executive officer of Fitch Group
	Dr. Michael Zerbs President and Chief Operating Officer Algorithmics