Public exchange offer and capital increase
NOT TO BE DISTRIBUTED IN THE UNITED STATES, UNITED KINGDOM, JAPAN, GERMANY
Paris,
June
17, 2004 -
In the framework of its recapitalisation plan, Bull (ISIN code : FR000052607) today announces it has launched its capital increase with preferential subscription rights which takes place from June 17 to 30, 2004.
At the same time, Bull also launches a simplified public exchange offer for its Oceane bonds (ISIN code : FR0000181034). This operation, that opened on June 14, will be closed on July 2, 2004.
This capital increase is being carried out with preferential subscription rights, on the basis of 13 new shares for 5 existing shares, each new share being issued at a price of 0.10 euro.
During the capital increase subscription period, the preferential subscription rights will be separately listed under the ISIN code FR0010093278. At the end of this period, the unexercised preferential subscription rights will lose their value.
The circulars related to these 2 operations are available on the web sites of Bull (www.bull.com) and the French Stock Market Authorities (www.amf-france.org).
As an indication, the transactions calendar is as follows :
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From June 14 to July 2, 2004 : Oceane bonds public exchange offering,
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From June 17 to 30, 2004 : capital increase subscription period,
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On July 15, 2004 : listing of the new shares subscribed through the exercise of preferential subscription rights and shares issued in connection with the Oceane bonds public exchange offering.
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