Paris , December 14, 2007 : Bull’s shareholders decided at the shareholders’ meeting of April 21, 2005 to consolidate the company’s share capital such that 1 new share (ISIN: FR0010266601 – BULL) would be exchanged for 10 old shares (ISIN: FR0000052607 – BUL). The period fixed for the exchange operation will end on December 19, 2007 , the last trading day for the old shares.

After the end trading on December 19, 2007 , any remaining non-consolidated shares will be aggregated, consolidated and sold on the market in order to distribute the proceeds to non-consolidated shareholders through their financial intermediaries. These operations should be completed in January 2008.

If one or more financial intermediaries cannot be identified, the proceeds will be held on behalf of shareholders for 10 years by CAISCT.

For more information about the share consolidation: CAISCT, 14 rue Rouget de Lisle, 92130 Issy-les-Moulineaux cedex 9.

The exchange ratio of 1 for 10 applies also to the convertible bond (OCEANE) since the start of the consolidation operations, and will continue to apply as long as there are any OCEANEs outstanding.