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Estimated shareholding structure as of June 30, 2008

This list is published by Bull to the best of the company's knowledge. It may not be complete.
Shareholders are advised to consult regularly the AMF website (http://www.amf-france.org) where regulatory declarations made by investors are published.

Shareholders	Number of shares	Shareholding	Voting rights
France Télécom	9 747 081	10.07%	10.14%
JP Morgan Chase & Co	4 850 274	5.01%	5.05%
Deutsche Bank AG	4 516 415	4.70%	4.73%
Richelieu Finance Gestion Privée	4 132 076	4.27%	4.30%
NEC	2 947 080	3.04%	3.07%
Tocqueville Finance SA	2 741 718	2.83%	2.85%
Debeka	2 000 000	2.07%	2.08%
Employees	993 000	1.03%	1.03%
Treasury shares	670 589	0.69%	-
Others	64 188 414	66.32%	66.79%
TOTAL	96 786 647	100%	100%

	SHARE PRICE
	12/03/2008 17:36:54 1,46 euros ( +0,68 %)

	CONTACT
	Peter Campbell +33(0)1 30 80 32 36

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