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Growth, stimulated by the success of our new offerings

EDITORIAL

D. Lamouche I am proud to announce that in the first quarter of 2009 the dynamism that Bull achieved in 2008 was undiminished. Indeed we started the 2009 financial year with a 23.9% increase in orders taken and 6.5% growth in revenues.

This achievement, stimulated by the success of our new growth offerings, confirms that the business transformation strategy we have followed for the past four years is the right one. In particular, it is based on:

Finally, a decisive sign of our renewal, we have renewed almost half of our skill-base worldwide, and are planning to recruit another 400 people this year.

Of course, with the current global crisis no-one can predict the future. But I believe that Bull now has a solid business model. We have developed our weapons of resistance (delivering services to growth sectors) and invested in promising offerings for the future. And in the very near future Bull will take yet another step ahead of the market, with the launch of a new innovation.

Thank you again for putting your trust in Bull.

Didier Lamouche
Chairman and Chief Executive Officer