Bull: Impact of the sale of Italian subsidiary to Eunics

Paris , January 18, 2007:

Bull today confirms that the transactions announced December 21, 2006 were completed and registered in 2006. These measures have a positive cash impact of approximately €6 million* . The impact on Bull’s net income is a loss of approximately €7 million* , including a capital loss and the write down of deferred tax assets.

The Italian operations are deconsolidated with effect as of November 30, 2006 resulting in a limited impact on the Group’s annual EBIT. The objective for 2006 of €18 million of EBIT before exceptional items and restructuring charges remains unchanged.

* Unaudited data

About Bull, Architect of an Open World™

As one of the leading European IT companies, Bull delivers open, flexible and secure information systems. The group helps public and private sector customers transform their information systems, applying its know-how and expertise in three main areas:

•  Capitalizing on its extensive mainframe experience, Bull designs and produces robust, innovative and open servers, based on industry-standard technologies;

•  Building on its alliances with leading ISVs and long-standing involvement with Open Source, Bull develops and implements flexible and interoperable application infrastructures which give business processes the freedom to evolve;

•  Bringing together recognized expertise in end-to-end IT security, Bull secures data and exchanges that are so critical in preserving customers’ business integrity.

Bull has a particularly strong presence in the public, healthcare, finance, telecommunications, manufacturing and defense sectors. Its distribution network and business partners cover more than 100 countries worldwide.

For more information visit: http://www.bull.com

Press Contact

Anne Marie Jourdain – Tel : 01 30 80 32 52 - anne-marie.jourdain@bull.net