Comunicati Stampa

Rexel, leader mondiale dell elettrofornitura, ha annunciato il lancio di un nuovo piano di azionariato per i dipendenti con il quale offrirà ai propri dipendenti in Francia e negli altri paesi l opportunità di sottoscrivere azioni della società attraverso un aumento di capitale loro riservato . L offerta, denominata Opportunity 10, sarà aperta a circa l 80% dei dipendenti del Gruppo, in 12 paesi . Nella maggior parte dei paesi interessati, la sottoscrizione avverrà tramite i fondi comuni di investimento aziendale ("Fonds communs de placement d entreprise" o "FCPE") che hanno ricevuto l autorizzazione dell Autorité des Marchés Financiers (AMF - autorità francese di regolamentazione di mercati finanziari) al 1 giugno 2010 . Eligible employees will be able to purchase shares at a price of E 9 . 85 per share, a subscription price equal to 80% of the average opening price of the Rexel share on Euronext Paris over the 20 trading days preceding the decision of Rexel s Management Board to proceed with the offering . The terms of the offering are detailed below . Opportunity 10 is the second share purchase plan proposed by Rexel to its employees since its listing on the stock exchange in 2007 . This offering is aimed at associating Rexel s teams more closely with the Group s performance and increasing their stake in its share capital . With this offering, Rexel is building on the initiatives undertaken in 2010 to improve employee benefits and to encourage employee participation . These initiatives include:- The implementation of a comprehensive benefits program in 11 countries,- The launch of local meetings to discuss ethics within the Group, following up on ethics principles initiated in 2007 . Rexel, a global leader in the distribution of electrical supplies, serves three main end markets: industrial, commercial and residential . The Group operates in 34 countries, with a network of some 2,200 branches, and employs 28,000 people . Rexel s sales were E11 . 3 billion in 2009 . Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and BAML Capital Partners . Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203) . It is integrated in the following indices: NEXT 150, SBF 120, and CAC Mid 100 . For more information, visit Rexel s web site at www . rexel . comcontacts

Financial analysts / Investors	Press
Marc MAILLET	Marie-Lorraine de MARTIGNY
+33 1 42 85 76 12	+33 1 53 96 83 82
mmaillet@rexel . com	mdemartigny@brunswickgroup . com
Florence MEILHAC	Thomas KAMM
+ 33 1 42 85 57 61	+33 1 53 96 83 92
fmeilhac@rexel . com	tkamm@brunswickgroup . com

main terms and conditions of the offeringISSUERREXEL (the "Company")Registered office: 189-193, boulevard Malesherbes, 75017 ParisShare capital: E 1,298,357,285 . 00Registration number in the Paris Trade and Companies Registry: 479 973 513Shares traded on Euronext Paris (France)ISIN code for ordinary shares: FR0010451203 - RXLSecurity admitted to the Deferred Payment Service (Service de Règlement Différé)The main terms and conditions of the offering are described below . FRAMEWORK OF THE OFFERINGAuthorization of the capital increase reserved for employees: Shareholders General Meeting dated of May 20, 2010 . Decisions of the Management Board:- August 31, 2010 (decision determining the subscription price for all countries other than the USA and the calendar) and- September 10, 2010 (decision determining the price for the USA) . Eligible employees of the Group may subscribe shares in the offering directly or through employee shareholding funds ("fonds communs de placement d entreprise") established under a Company group savings plan (either a French plan d épargne groupe ("PEG") or an international plan d épargne groupe ("PEGI")) . TERMS OF SUBSCRIPTIONEligible employees: Employees of participating Group companies that have joined a PEG or PEGI, subject to satisfying a seniority condition of three months as of the last day of the subscription period (accumulated between January 1, 2009 and the last day of the subscription period (i . e . September 27, 2010) and remaining an employee of one of these companies on September 27, 2010 (the "Beneficiaries") . Type of issuance: Issuance of new shares, without preferential subscription rights for existing shareholders . Subscription period: Eligible employees will be entitled to subscribe to Company shares from September 13, 2010 to September 27, 2010 (inclusive) . Maximum number of shares that may be issued: Capital increase limited to 1 . 5 % of the share capital of the Company, ie . 3,895,071 shares, corresponding to a nominal increase in the Company s share capital of nearly E 19,475,355 . Subscription price: The subscription price is equal to 80 %[*] of the average of the opening price of the Company share on the Eurolist market of Euronext Paris S . A . over the twenty (20) trading days preceding the August 31, 2010 decision of the Management Board that decided to launch the offering (the "Subscription Price") . The Subscription Price fixed by the Management Board is thus equal to E 9 . 85 per share . Rexel matching contribution: In France, participating employees will benefit from an employer matching contribution at the time of subscription . Outside of France, participating employees are expected to be granted free shares . Maximum number of free shares that may be granted: The maximum number of free shares that may be granted is limited to 0 . 6 % of the share capital of the Company, measured at the date of grant of such shares . Maximum subscription amount: Individual subscriptions may not exceed the ceiling referenced under L . 3332-10 of the French labor code . Voting rights: Voting rights at the Company s Shareholders Meetings will be exercised either directly by the employees when subscriptions are carried out via direct shareholding, or by the relevant FCPE Supervisory Board when subscriptions are carried out via an FCPE . Creation and listing of the shares: The settlement-delivery of the shares subscribed in Opportunity 10 is expected to occur before the end of the year 2010 . The new shares will bear dividend entitlement (jouissance) as of January 1, 2010 and will therefore be fully assimilated to existing shares . Admission of such shares to trading on the Eurolist market of Euronext Paris S . A . on the same listing line as the existing shares will be requested immediately after their issuance . Lock-up period applicable to the Rexel shares: Employees subscribing to the issuance must hold their FCPE units or shares, until June 30, 2015 inclusive, except in the occurrence of early exit events as set forth by applicable regulations . Delivery of the free shares: The free shares should be delivered on July 1, 2015, subject to satisfaction of the conditions of the plan . INTERNATIONAL LEGENDThis press release does not constitute an offer to sell or a solicitation to purchase Rexel shares . The offering of Rexel shares reserved for employees will only be carried out in those countries where such an offering has been registered with or notified to the competent local authorities and/or following the approval of a prospectus by the competent local authorities or in consideration of an exemption from the requirement to prepare a prospectus or register the offering or notify authorities of the offering . IN PARTICULAR, THE SHARES HAVE NOT BEEN AND WILL NOT BE REGISTERED IN THE UNITED STATES UNDER THE SECURITIES ACT OF 1933, AND WILL ONLY BE OFFERED IN THE UNITED STATES TO ELIGIBLE EMPLOYEES IN TRANSACTIONS NOT REQUIRING REGISTRATION UNDER SUCH ACT . More generally, the offering will only be carried out in those countries where all required filing procedures and/or consultation or information obligations with respect to organizations representing employees and/or notifications have been completed and the necessary authorizations have been obtained . This press release is not destined for, and copies thereof should not be sent to, countries in which such a prospectus has not been approved or such an exemption is not available or where all of the required filing procedures and/or consultation or information obligations with respect to organizations representing employees and/or notifications have not been completed or where the necessary authorizations have not been obtained . This press release constitutes the information document required pursuant to Articles 212-4 (paragraph 5) and 212-5 (paragraph 6) of the AMF s General Regulations and to Article 14 of instruction n°2005-11 of December 13, 2005, published in the form of a press release in accordance with Article 221-3 of the AMF s General Regulations . [*] Except for the United States, where the price will be equal to the greater of 85% of the share price determined by the Management Board on the eve of the opening of the subscription period (September 10, 2010) and the Subscription Price . Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#169748]

MONTREAL, QUEBEC--(Marketwire - 1° settembre 2010) - Bombardier Inc . (TSX: BBD . A) (TSX: BBD . B)(tutti gli importi presenti in questo comunicato stampa sono in dollari USA, se non diversamente indicato) . -- Utile consolidato $ 4,1 miliardi, contro $ 4,9 miliardi dell esercizio precedente-- EBITDA $ 331 milioni contro $ 436 milioni dell esercizio precedente-- EBIT $ 231 milioni, ovvero il 5,7% dei ricavi, contro $ 313 milioni ovvero il 6,3%, dell esercizio precedente-- Utile netto pari a $ 148 milioni contro $ 202 milioni dell esercizio precedente-- Utili per azione pari a $ 0,08, contro $ 0,11 dell esercizio precedente-- Free cash flow usage of $508 million, compared to a free cash flow of $18 million last fiscal year-- Good cash position of $2 . 8 billion-- Strong backlog of $47 . 4 billionBombardier today reported financial results for the second quarter of fiscal year 2011 . Revenues totalled $4 . 1 billion, compared to $4 . 9 billion for the corresponding period last fiscal year . Earnings before financing income, financing expense and income taxes (EBIT) totalled $231 million, versus $313 million last fiscal year . EBIT margin was 5 . 7% compared to last fiscal year s 6 . 3% . Net income for the second quarter ended July 31, 2010 amounted to $148 million, compared to $202 million for the same period last fiscal year . Diluted earnings per share (EPS) was $0 . 08, compared to $0 . 11 last fiscal year . Free cash flow (cash flows from operating activities less net additions to property, plant and equipment and intangible assets) usage totalled $508 million for the second quarter ended July 31, 2010, compared to a free cash flow of $18 million last fiscal year . The cash position amounted to $2 . 8 billion as at July 31, 2010, compared to $3 . 4 billion as at January 31, 2010 . The overall backlog stands at $47 . 4 billion, as at July 31, 2010, compared to $43 . 8 billion as at January 31, 2010 . "During this quarter, Transportation has shown a strong level of order activity, benefitting from its wide portfolio of products and its enviable global market position . The group improved its profitability while signing $4 . 3 billion of new orders for a book-to-bill ratio of 2 . 0, bringing its order backlog to $30 . 3 billion," said Pierre Beaudoin, President and Chief Executive Officer, Bombardier Inc . "The uncertain economic environment continues to be reflected in Aerospace s financial results . However, the group is starting to see signs of recovery as shown by the significant reduction in business aircraft order cancellations . ""Overall, our long-term prospects are strong, our new product developments on track and we remain focused on managing our cost structure and improving our cash flow generation," concluded Mr . Beaudoin . Bombardier AerospaceBombardier Aerospace s revenues totalled $2 billion, compared to $2 . 4 billion last fiscal year . EBIT totalled $91 million translating into an EBIT margin of 4 . 6% for the second quarter ended July 31, 2010, compared to $154 million, or 6 . 4%, last fiscal year . Free cash flow usage totalled $287 million compared to a usage of $10 million for the same period last fiscal year . Bombardier Aerospace s backlog totalled $17 . 1 billion as at July 31, 2010, compared to $16 . 7 billion as at January 31, 2010 . According to the latest General Aviation Manufacturers Association (GAMA) report, Bombardier Aerospace was again the leader in business aircraft both in terms of revenues and units delivered . In the commercial aircraft division, Bombardier s orders during the second quarter of fiscal year 2011 included an order for eight CRJ900 NextGen aircraft from Deutsche Lufthansa AG of Germany for a value of $317 million, based on the list price, and an order for seven Q400 NextGen turboprops from Qantas Airlines valued at $218 million, based on the list price . Bombardier TransportationBombardier Transportation revenues totalled $2 . 1 billion for the second quarter ended July 31, 2010, compared to $2 . 5 billion for the same period last fiscal year . EBIT was $140 million, compared to $159 million last fiscal year, while EBIT margin reached 6 . 6% versus 6 . 2% last fiscal year . Free cash flow usage amounted to $132 million for the second quarter ended July 31, 2010, compared to a free cash flow of $149 million for the same period last fiscal year . The order backlog totalled $30 . 3 billion as at July 31, 2010, compared to $27 . 1 billion as at January 31, 2010 . During the second quarter, Bombardier Transportation reported $4 . 3 billion of new orders compared to $3 billion last fiscal year, leading to a book-to-bill ratio of 2 . 0, compared to 1 . 2 for the same period last fiscal year . Originating from various regions of the world, the orders included a contract to supply 59 TWINDEXX double-deck trains to SBB, the Swiss Federal Railways, for a total value of $1 . 6 billion . This constitutes the largest vehicle order in SBB s history . Bombardier Transportation also concluded an agreement with Metrolinx of Toronto to supply 182 FLEXITY trams for a value of $745 million and signed its first contract in the Kingdom of Saudi Arabia for the supply, installation, operation and maintenance of a 3 . 6 km INNOVIA Monorail 300 system for a value of $241 million . Subsequent to quarter-end, our Chinese joint venture Sifang (Qingdao) Transportation Ltd . was awarded an order for 40 CRH1 high speed trainsets from the Chinese Ministry of Railways (MOR) for a value of $761 million . Bombardier Transportation s share represents $373 million . FINANCIAL HIGHLIGHTS(In millions of U . S . dollars, except per share amounts, which are shown in dollars)

													Three-month periods ended July 31
							2010						2009
			BA		BT		Total		BA		BT		Total
Revenues		$	1,962	$	2,117	$	4,079	$	2,399	$	2,547	$	4,946
EBITDA		$	161	$	170	$	331	$	247	$	189	$	436
Amortization			70		30		100		93		30		123
EBIT		$	91	$	140		231	$	154	$	159		313
Financing income							(16 )						(23 )
Financing expense							60						72
EBT							187						264
Income taxes							39						62
Net income						$	148					$	202
Attributable to:
	Shareholders of Bombardier Inc .					$	144					$	198
	Non-controlling interests					$	4					$	4
EPS (In dollars)
	Basic and diluted					$	0 . 08					$	0 . 11
Segmented free cash flow		$	(287 )	$	(132 )	$	(419 )	$	(10 )	$	149	$	139
Income taxes and net financing expense							(89 )						(121)
Free cash flow						$	(508 )					$	18
													Six- month periods ended July 31
							2010						2009
			BA		BT		Total		BA		BT		Total
Revenues		$	3,897	$	4,428	$	8,325	$	4,618	$	4,799	$	9,417
EBITDA		$	325	$	337	$	662	$	451	$	340	$	791
Amortization			145		62		207		187		56		243
EBIT		$	180	$	275		455	$	264	$	284		548
Financing income							(53 )						(58)
Financing expense							125						140
EBT							383						466
Income taxes							82						106
Net income						$	301					$	360
Attributable to:
	Shareholders of Bombardier Inc .					$	296					$	354
	Non-controlling interests					$	5					$	6
EPS (in dollars)
	Basic and diluted					$	0 . 16					$	0 . 20
Segmented free cash flow		$	(492 )	$	(159 )	$	(651 )	$	(540 )	$	(111 )	$	(651 )
Income taxes and net financing expense							(74 )						(148 )
Free cash flow						$	(725 )					$	(799 )

BA: Bombardier Aerospace; BT: Bombardier TransportationFinancial Results for the Second Quarter Ended July 31, 2010ANALYSIS OF RESULTSConsolidated resultsConsolidated revenues totalled $4 . 1 billion for the second quarter ended July 31, 2010, compared to $ 4 . 9 billion for the same period last year . For the six-month period ended July 31, 2010, consolidated revenues amounted to $8 . 3 billion, compared to $9 . 4 billion for the same period last year . For the second quarter ended July 31, 2010, EBIT totalled $231 million, or 5 . 7% of revenues, compared to an EBIT of $313 million, or 6 . 3% of revenues, for the same period the previous year . For the semester ended July 31, 2010, EBIT amounted to $455 million, or 5 . 5% of revenues, compared to an EBIT of $548 million, or 5 . 8% of revenues, for the same period last fiscal year . Net financing expense amounted to $44 million for the second quarter of fiscal year 2011, compared to $49 million for the corresponding period last year . The $5-million decrease is mainly due to lower interest expense on long-term debt, consistent with lower variable interest rates . For the six-month period ended July 31, 2010, net financing expense amounted to $72 million, compared to $82 million for the same period last year . The $10-million decrease is mainly due to a gain of $15 million on long-term debt repayments in connection with our refinancing plan, partially offset by lower interest income on cash and cash equivalents, consistent with lower variable interest rates . The effective income tax rate was 20 . 9% and 21 . 4% respectively for the three- and six-month periods ending July 31, 2010, compared to the statutory income tax rate of 30% . The lower effective tax rates are mainly due to the positive impact of the recognition of tax benefits related to operating losses and temporary differences, partially offset by permanent differences . As a result, net income amounted to $148 million, or $0 . 08 per share, for the second quarter of fiscal year 2011, compared to $202 million, or $0 . 11 per share, for the same period the previous year . For the first semester of fiscal year 2011, net income was $301 million, or $0 . 16 per share, compared to $360 million, or $0 . 20 per share, for the same period the previous year . For the three-month period ended July 31, 2010, free cash flow usage totalled $508 million, compared to a free cash flow of $18 million for the corresponding period the previous year . For the semester ended July 31, 2010, free cash flow usage totalled $725 million, compared to a usage of $799 million for the corresponding period the previous year . As at July 31, 2010, Bombardier s order backlog stood at $47 . 4 billion, compared to $43 . 8 billion as at January 31, 2010 . Bombardier Aerospace-- Revenues of $2 billion-- EBITDA of $161 million, or 8 . 2% of revenues-- EBIT of $91 million, or 4 . 6% of revenues-- Free cash flow usage of $287 million-- 46 aircraft deliveries-- 29 aircraft net orders-- Order backlog of $17 . 1 billionBombardier Aerospace s revenues amounted to $2 billion for the three-month period ended July 31, 2010, compared to $2 . 4 billion for the same period the previous year . The decrease is mainly due to a decrease in manufacturing revenues due to lower deliveries of business aircraft, partially offset by a favourable mix and higher net selling prices for medium and large business aircraft and lower deliveries of commercial aircraft, partially offset by higher net selling prices . For the second quarter ended July 31, 2010, EBIT totalled $91 million, or 4 . 6% of revenues, compared to $154 million, or 6 . 4% of revenues, for the same period the previous year . The 1 . 8 percentage-point decrease is mainly due to higher cost of sales per unit, mainly due to price escalations of materials, lower liquidated damages from customers as a result of fewer business aircraft order cancellations, a net negative variance on financial instruments carried at fair value and lower absorption of selling, general and administrative (SG&A) expenses; partially offset by higher net selling prices for medium and large business aircraft and for commercial aircraft, lower amortization expense, mainly due to the program tooling on some aircraft models being fully amortized, and lower write-downs of pre-owned business aircraft inventories . Free cash flow usage totalled $287 million for the second quarter ended July 31, 2010, compared to free cash flow usage of $10 million for the same period last fiscal year . The $277-million decrease is mainly due to higher net additions to property, plant and equipment (PP&E) and intangible assets, a lower EBITDA, and a negative period-over-period variation in net change in non-cash balances related to operations . For the quarter ended July 31, 2010, aircraft deliveries totalled 46, compared to 80 for the same period the previous year . The 46 deliveries consisted of 27 business, 18 commercial and one amphibious aircraft

Nel 2011 verrà assegnato il premio alla carriera di 100 . 000 Euro per la Ricerca, Innovazione e Progresso nelle Cardiopatie Congenite PrenataliMilano, 28 agosto, 2010Ha preso il via la sesta edizione del Premio Internazionale per la Ricerca Scientifica Arrigo Recordati, che prevede ogni due anni l attribuzione di un premio di 100 . 000 Euro ad uno scienziato per il suo impegno e per i risultati ottenuti in cardiologia . Il Premio della sesta edizione sarà assegnato nel 2011 a un clinico o un ricercatore di base che si sia distinto/a nelle cardiopatie congenite prenatali . Questo Premio è stato istituito nel 2000 in memoria dell imprenditore farmaceutico italiano Arrigo Recordati e ha come obiettivo la promozione della ricerca scientifica nel campo delle malattie cardiovascolari . Arrigo Recordati, prematuramente scomparso nel 1999, credeva fermamente nell importanza della ricerca per la crescita dell industria farmaceutica e per lo sviluppo di prodotti finalizzati al miglioramento della salute pubblica e del benessere individuale . "Il Premio Internazionale per la Ricerca Scientifica Arrigo Recordati è stato istituito per portare avanti l eredità di mio padre e per stimolare scienziati e ricercatori a compiere nuove scoperte a vantaggio della popolazione di tutto il mondo", ricorda Giovanni Recordati, primogenito e attuale Presidente e Amministratore Delegato del Gruppo . I candidati saranno segnalati dalle più importanti Società Scientifiche InternazionaliPiù di 200 società scientifiche e organizzazioni internazionali, specializzate nel campo della Cardiologia e della Medicina Interna sono state invitate ad indicare i candidati che ritengono meritevoli del Premio . Solo le società scientifiche o le organizzazioni internazionali possono inviare le candidature . Il Premio è aperto a scienziati di tutte le nazionalità che lavorino in strutture istituzionali e non siano affiliati ad aziende farmaceutiche . Le auto-segnalazioni non saranno accettate . Il termine per l invio delle proposte è il 31 Gennaio 2011 . Il vincitore sarà annunciato nel corso di una cerimonia di premiazione che si svolgerà a Newcastle in occasione del Congresso Annuale dell ESPR (European Society for Paediatric Research), 14-17 ottobre 2011 . Una giuria di autorevoli esperti riconosciuti a livello mondialeLa Giuria dell edizione 2011 del Premio Internazionale per la Ricerca Scientifica Arrigo Recordati è composta da esperti riconosciuti a livello mondiale nel campo della cardiologia . La Giuria è presieduta da André Bozio, Professor of Cardiology, Claude Bernard University Lyon1, Head of Pediatric Cardiology and Congenital Heart Disease Department, Cardiology Hospital Louis Pradel, Hospices civils de Lyon, France . Gli altri membri della Giuria sono: Klaus G . Schmidt, Professor of Pediatrics, Director of the Division of Pediatric Cardiology and Pneumology, University Medical Center, Heinrich-Heine-University of Düsseldorf, Germany e Gurleen Sharland, Consultant/Reader Fetal Cardiology, Fetal Cardiology Unit, Evelina Children s Hospital, Guy s & St Thomas NHS Foundation Trust, London, UK . Cardiopatie congenite prenataliLe cardiopatie congenite costituiscono comuni forme di malformazioni presenti al momento della nascita; tali difetti di sviluppo sono causati da anomalie del processo embriogenetico che si verificano tra la 3a e l 8a settimana di gestazione, quando si formano le principali strutture cardiovascolari . I difetti cardiaci congeniti sono associati ad un alta morbilità e mortalità; tali alterazioni interessano la struttura delle camere cardiache o dei grossi vasi (talvolta entrambi) e inducono anche modificazioni emodinamiche che compromettono la circolazione sistemica e polmonare . Sebbene le cardiopatie congenite rappresentino la maggiore causa di mortalitàinfantile durante il primo anno di vita, non tutte le principali alterazioni sono clinicamente evidenti alla nascita o nel primo periodo neonatale . La diagnosi precoce di tali neonati permetterebbe la tempestiva somministrazione di un trattamento appropriato e ne migliorerebbe la prognosi, riducendo anche la morbilità associata alle alterazioni emodinamiche . Le lesioni cardiache prenatali possono progredire in utero in modo tale da risultare, con le attuali tecnologie, difficilmente distinguibili dal cuore fetale normale . L ecografia prenatale standard può non essere infatti sufficiente a rivelare la presenza di cardiopatie congenite nella maggior parte dei feti . Lo sviluppo di metodologie diagnostiche adeguate alla valutazione dei difetti cardiaci prenatali rimane pertanto un obiettivo clinico molto importante . Una diagnosi prenatale corretta ed accurata delle cardiopatie congenite avrebbe un significativo impatto positivo sulla prognosi dei pazienti, sull incidenza delle malformazioni congenite cardiache, sulla storia naturale dei difetti cardiaci durante la gestazione e sulla assistenza quotidiana alle famiglie che sopportano il peso enorme della patologia dei loro bambini . Gruppo RecordatiRecordati, fondata nel 1926, è oggi un gruppo farmaceutico europeo che si dedica alla ricerca, allo sviluppo ed alla commercializzazione di prodotti innovativi e ad elevato valore aggiunto, che migliorino la qualità di vita delle persone . Ha sede a Milano ed attività operative nei principali paesi europei e non solo . Dal 1984 è quotata alla Borsa Italiana . InformazioniPer ulteriori informazioni sul Premio, potete contattare la Segreteria Organizzativa: AIM GROUP - AIM Congress (Mara Carletti/ Dafne Sfoggia) Tel . +39 02 56601 . 1 - Fax +39 02 56609045; e-mail: recordatiprize2011@aimgroup . eu o visitare il sito www . recordati . com/prizeCopyright HuginThe appendixes relating to the press release are available on: http://www . hugingroup . com/documents_ir/PJ/CO/2010/169493_88_8061_VaratoPremioArrigoRecordati2011 . doc Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#169493]

Parigi, 26 agosto 2010Risultati relativi al secondo trimestre e primo semestre 2010: una salda base di reddito ricorrenteGruppo Crédit Agricole*Primo semestre 2010Utile netto del Gruppo: 1,85 miliardi di euro, in crescita del 69,4% rispetto al primo semestre 2009Secondo trimestre 2010Utile netto del Gruppo: 897 milioni di euro, in crescita del 35,3% rispetto al secondo trimestre 2009Rapporto Tier 1: 10,1%*Crédit Agricole S . A . e 100% delle Casse regionaliCrédit Agricole S . A . Primo semestre 2010Utile netto del Gruppo: 849 milioni di euro, x 2,1 rispetto al primo semestre 2009Rapporto Tier 1: 9,7%; Core Tier 1: 9,1%Secondo trimestre 2010Provento netto bancario: in crescita del 20,0% rispetto al secondo trimestre 2009, in crescita del 14,3% (a parità di perimetro e tassi di cambio)Gross operating income: up 31 . 2% on Q2-09, up 26 . 5% (like-for-like, at constant exchange rates)Cost of risk: down 13 . 0% on Q2-09Net income - Group share: 379 million euros, up 88 . 6% on Q2-09Crédit Agricole s Board of directors, chaired by Jean-Marie Sander, met on 25 August 2010 to review the accounts for the first half and the second quarter of 2010 . Net income - Group share amounted to 379 million euros in the second quarter of 2010 (849 million euros in the first half of 2010) . During the second quarter, Crédit Agricole S . A . s net banking income reached the record level of 5,469 million euros, as did the gross operating income at 2,064 million euros . In a climate of persistent uncertainty and economic weakness, Chief Executive Officer Jean-Paul Chifflet highlighted that Crédit Agricole S . A . s performance over the period was underpinned by a solid base of recurring income . Results reflected the trends which were observed during the previous quarter and were confirmed across almost all the business lines throughout the first half of 2010: robust business momentum, solid operating income and lower cost of risk . In French retail banking, the Regional Banks registered vigorous growth in both deposit and loans outstandings, with respective rises of 5 . 5% and 3 . 8% year-on-year in the first half . LCL opened more than 80,000 net new accounts . Demand deposits increased by 15 . 6% and residential mortgage loans outstanding grew by nearly 7% . In International retail banking, revenues climbed by 1 . 8% . In Specialised financial services, revenues rose by 12 . 5%, driven by consumer finance and strong growth in factoring and lease finance . Asset management, insurance and private banking continued to benefit from robust business with a record 14 . 6 billion euros of inflows in life insurance, 10 . 8 billion euros of inflows in equities, bonds and absolute performance products in asset management (this more than offset outflows from money-market products), and net new inflows of 3 . 7 billion euros in Private Banking . Revenues for the business line increased by 20 . 1% on a like-for-like basis . Corporate and investment banking net banking income rose sharply, by 27 . 3%, due partly to robust growth in financing activities (up 42 . 1%) . This amply offset the 21 . 1% fall in revenues from capital market activities, which were exceptionally high in the first half of 2009 . The improvement was also due to the substantial reduction in losses from discontinuing operations, as anticipated . This business performance is reflected in gross operating income, which jumped 26 . 5% year-on-year in the second quarter and by 35 . 4% year-on-year in the first half of 2010 on a like-for-like basis and at constant exchange rates . Recurring operating costs remained tightly controlled, edging up 2 . 2% on a like-for-like basis and at constant exchange rates . This contributed to the substantial increase in operating income . The cost of risk declined for the second consecutive quarter . It receded by 13 . 0% year-on-year in the second quarter of 2010 and by 7 . 1% year-on-year in the first half, despite higher provisions set aside by the Greek subsidiary Emporiki . In all, net income - Group share came to 379 million euros in the second quarter of 2010, after the 713 million euro loss contributed by Emporiki (including 418 million euros of goodwill impairment), confirming that the Group boasts a solid base of recurring income . Lastly, the Group confirmed its financial strength . Crédit Agricole S . A . s Tier 1 ratio rose to 9 . 7% from 9 . 2% at 30 June 2009, with a Core Tier 1 ratio of 9 . 1% compared with 8 . 6% at end-June 2009 . FitchRatings affirmed its AA- rating with a stable outlook on 23 July and Crédit Agricole S . A . continues to be rated AA- and Aa1 respectively by . Standard & Poor s and Moody s (long-term ratings) . Crédit Agricole S . A . s comfortable liquidity position enabled the Group to smoothly weather the market liquidity crisis in May-June . The Group refinanced all of its short term debt on the market . Thanks to a structural surplus of USD funding sources and the untapping of central bank facilities, it had 150 billion euros in available reserves at end-July . At that date, nearly three-quarters of its 25 billion euro refinancing programme for 2010 had been completed . Financial calendar10 November 2010 2010 third quarter results24 February 2011 2010 fourth quarter and full-year results13 May 2011 2011 first quarter results18 May 2011 Annual General Meeting25 August 2011 2011 second quarter and half-year results10 November 2011 2011 third quarter resultsCRÉDIT AGRICOLE S . A . CONSOLIDATED RESULTS

(in millions of euros)	Q2-10	Q2-09	Change Q2/Q2	Change Q2/Q1	H1 2010	H1 2009	Change H1/H1
Net banking income	5,469	4,559	+20 . 0%	+13 . 4%	10,293	8,620	+19 . 4%
Operating expenses	(3,405)	(2,986)	+14 . 0%	+7 . 7%	(6,567)	(5,964)	+10 . 1%
Gross operating income	2,064	1,573	+31 . 2%	+24 . 2%	3,726	2,656	+40 . 3%
Cost of risk	(980)	(1,127)	(13 . 0%)	(8 . 8%)	(2,054)	(2,212)	(7 . 1%)
Operating income	1,084	446	x2 . 4	+84 . 4%	1,672	444	x3 . 8
Equity affiliates	284	43	x6 . 6	(33 . 2%)	709	364	+94 . 8%
Net income on other assets and change in value of goodwill	(414)	2	nm	nm	(577)	5	nm
Tax	(459)	(230)	+99 . 6%	+70 . 0%	(729)	(312)	x2 . 3
Net income (after tax) from discontinued activities	3	5	(40 . 0%)	(25 . 0%)	7	11	(36 . 4%)
Net income	498	266	+87 . 2%	(14 . 7%)	1,082	512	x2 . 1
Net income - Group share	379	201	+88 . 6%	(19 . 4%)	849	403	x2 . 1

Net banking income rose to an all-time high of 10 . 3 billion euros in the first half of 2010, up 19 . 4% on the first half of 2009, reflecting solid business momentum across all business lines and resilience in all sectors in a persistently weak economic climate . Operating expenses show an apparent 10 . 1% year-on-year rise in the first half of 2010 . On a like-for-like basis and at constant exchange rates, this increase was confined to 4 . 6% and was to a large extent attributable to restructuring and other non-recurring costs . The cost/income ratio was 63 . 8% in the first half of 2010, a substantial 5 . 4 percentage point improvement year-on-year, and 62 . 3% in the second quarter . Gross operating income rose by an impressive 40 . 3% to a high of 3 . 7 billion euros in the first half of 2010 . The cost of risk fell for the second quarter running, to 2 . 1 billion euros in the first half, reflecting a decline across all business lines except International retail banking . In the first half of 2010, the cost of risk was 85 basis points on loans outstanding compared with 103 basis points one year-ago . It amounted to 55% of gross operating income in the first half of 2010 compared with over 83% in the first half of 2009 . During the first half of 2010, the cost of risk remained concentrated primarily on International retail banking and Specialised financial services . In Corporate and investment banking, it was down sharply . Non-performing loans amounted to 19 . 7 billion euros or 3 . 9% of gross outstanding loans to customers and credit institutions, compared with 4 . 1% at 31 December 2009 . They were 48 . 7% covered by specific reserves . Including collective reserves, provisions outstanding amounted to 67 . 1% of bad and doubtful debts . Income from equity affiliates nearly doubled year-on-year to 709 million euros in the first half of 2010, reflecting a robust 20 . 5% year-on-year rise in income from the Regional Banks . Net income on other assets and change in value of goodwill showed a loss of 577 million euros in the first half of 2010 . This includes a negative impact from the disposal of 0 . 8% of Intesa Sanpaolo in the first quarter (159 million euros) and goodwill impairment for Emporiki in the second quarter (418 million euros) . Net income from discontinued activities was not material, at 7 million euros in the first half of 2010 . Crédit Agricole S . A . s aggregate net income - Group share more than doubled year-on-year to 849 million euros in the first half of 2010 . In the second quarter alone, net banking income jumped by 14 . 3% on a like-for-like basis and at constant exchange rates, to a record level since the creation of Crédit Agricole S . A . Operating expenses rose by 8 . 0% on a like-for-like basis and at constant exchange rates, and by only 2 . 2% excluding non-recurring restructuring costs . Gross operating income reached a record high of 2,064 million euros . The cost of risk continued to decline . It was 8 . 8% lower than in the first quarter of 2010 and 13 . 0% lower than in the second quarter of 2009, despite an additional 315 million euros in provisions booked for the Greek subsidiary . After goodwill impairment of 418 million euros on Emporiki, net income - Group share was 379 million euros, 88 . 6% higher than in the second quarter of 2009 . FINANCIAL POSITIONAt 30 June 2010, CRD risk-weighted assets stood at 344 . 0 billion euros, a rise of 17 . 6 billion euros on 31 December 2009 . This includes a 15 . 7 billion euro increase in credit risk alone, 10 . 5 billion euros of which was attributable to Crédit Agricole CIB, of which 9 billion euros are attributable to foreign currency movements . In terms of funding sources, while no significant transaction was carried out during the first half, these advanced by 2 . 2% primarily due to reserves - Group share and to hybrid instruments, which were significantly affected by the appreciation of the dollar . Overall, the CRD ratio rose by 30 basis points from its 31 December 2009 level to 10 . 1%, slightly more than the growth of the Tier 1 ratio, rising from 9 . 5% at 31 December 2009 to 9 . 7% at 30 June 2010 . The Core Tier 1 ratio fell by 20 basis points to 9 . 1% . The Crédit Agricole Group s CRD ratio was 11 . 4% at 30 June 2010 with a Tier 1 ratio of 10 . 1% . Unfloored, these ratios would have been 12 . 8% and 11 . 0%, respectively . In the area of refinancing, the Group weathered the market liquidity crisis of May-June smoothly . It refinanced all of its short term debt on the markets and has a high structural surplus of USD funding sources . Moreover, as it did not tap central bank facilities, the Group had 150 billion euros in available reserves at end-July and confirmed the quality of its internal liquidity management rules (limits, diversification, buffers) . At 31 July, almost three-quarters of the 25 billion euro refinancing programme for 2010 had been completed . RESULTS BY BUSINESS LINE1 . FRENCH RETAIL BANKING1 . 1 . - Crédit Agricole Regional Banks

(in millions of euros)	Q2-10	Change Q2/Q2	H1 10	Change
				H1/H1
Net income accounted for at equity (at 25%)	177	+6 . 6%	386	+28 . 2%
Change in share of reserves	4	nm	128	+1 . 6%
Income from equity affiliates	181	+11 . 9%	514	+20 . 5%
Tax*	-	nm	-	nm
Net income - Group share	181	+ 15 . 9%	514	+53 . 6%

* Tax impact of dividends received from the Regional Banks until 2009The Regional Banks contribution to Crédit Agricole S . A . s net income - Group share jumped by 53 . 6% year-on-year to 514 million euros . Growth was driven by impressive business and financial performances coupled with the new group tax treatment implemented on 1 January 2010 . These solid results were achieved through continued gains in market share, particularly among younger customers, and notably benefitted from the opening of livrets A passbook accounts to the under twelves (157,000 accounts opened during the first half of 2010) . Crédit Agricole is the leading banker to the "12-24 year-old" segment in terms of penetration rate . Finally, the customer base expanded, with 46,000 accounts added in the first half of 2010 . At the same time, the Regional Banks continued to introduce innovative products that met with great success, including the Double Action and Mozaïc M6 cards . In addition, sales of Property & Casualty insurance products continued to run high . The number of policies advanced by 6 . 3% year-on-year and the number of products per customer continued to increase . In deposits, new inflows expanded by 5 . 5% year-on-year . On-balance sheet deposits advanced by 5 . 9% over the period, driven by the reconstitution of demand deposits (up 10 . 6% year-on-year) and strong growth in savings deposits . Growth in off-balance sheet deposits was slowed by high market volatility during the second quarter . Even in this climate of uncertainty, these deposits rose by 5 . 0% year-on-year owing to good performances in life insurance (funds under management up 6 . 7% year-on-year), while securities held by customers showed resilience, with a 6 . 1% year-on-year increase . In lending, growth in loans outstanding picked up in the second quarter of 2010, with a year-on-year rise of 3 . 8% . This reflects the Regional Banks support and their involvement in the regions local development . Loans to small and very small businesses were 11% higher than in the same period one year ago and loans to specialised markets were up 2 . 8% on the first half of 2009 . Growth in the loan book was also driven by the recovery in the real estate market . Residential mortgage loan production rose 43 . 6% year-on-year and mortgage loans outstanding advanced by 4 . 7% over the same period . Underpinned by this solid business momentum, net banking income[1] was 6,682 million euros in the first half of 2010, an increase of 7 . 2% year-on-year . Net banking income from customer business rose by 6 . 9% year-on-year and by 8 . 0% excluding home purchase savings plans . The interest margin widened appreciably . Commissions and fee income from customers rose by 2 . 4% year-on-year owing to resilient fee income on securities (up 8 . 7% on the first half of 2009 on a low basis of comparison) . Over the same period, the Regional Banks continued to invest in improving their operational performance to enhance customer service . The first stages of the NICE project were rolled out during the second quarter of 2010 . Operating expenses excluding the NICE project were nearly stable and edged up 0 . 6% year-on-year . Gross operating income was 3,138 million euros in the 2010 first half, a rise of 13 . 0% year-on-year . The cost/income ratio further declined, with a 2 . 5 percentage point drop year-on-year to 53 . 0% in the first half . The cost of risk came to 877 million euros in the first half of 2010 . It declined for the second consecutive quarter, with a pronounced 5 . 7% drop year-on-year . The cost of risk amounted to 46 basis points on outstandings . The non-performing loan cover rate remained high, at 105 . 9% (including collective reserves) . Excluding collective reserves, the cover rate is 67 . 8%, up 0 . 1 percentage point over one year . Operating income was 2,261 million euros, up 22 . 5% on the first half of 2009 . 1 . 2 . - LCL

(in millions of euros)	Q2-10	Change	H1 2010	Change
		Q2/Q2		H1/H1
Net banking income	1,006	+3 . 8%	1,971	+3 . 5%
Operating expenses	(641)	+4 . 2%	(1,282)	+1 . 5%
Gross operating income	365	+3 . 1%	689	+7 . 5%
Cost of risk	(83)	(19 . 0%)	(179)	(11 . 0%)
Operating income	282	+12 . 0%	510	+16 . 0%
Net income - Group share	188	+12 . 1%	339	+16 . 0%

In the first half of 2010, LCL delivered strong results, underpinned by continued momentum generated by the Crescendo 2 development plan and the cost-cutting programme initiated at the end of 2008 . Net banking income was 1,971 million euros in the first half of 2010, including 1,006 million euros in the second quarter, a rise of 3 . 8% year-on-year and of 4 . 2% quarter-on-quarter . This steady revenue growth is attributable to solid lending business and to growth in customer deposits . Operating expenses remained tightly controlled, reflecting further positive effects from the competitiveness plan . Over the first half, expenses edged up by 1 . 5% but remained stable compared to the first quarter; this was achieved despite catching up on delayed expenditures on several projects and investments during the second quarter of 2010 . The growth differential between net banking income and expenses remained at around 2 percentage points . This led to further improvement in the cost/income ratio . In the first half, the cost/income ratio was 65 . 1%, down 1 . 3 percentage points on the same period one year ago, when it was 1 . 2 percentage points lower than in the first half of 2008 . Gross operating income came to 689 million euros in the first half, up 7 . 5% year-on-year . The cost of risk declined for the second quarter running . While the cost of risk for business loans was contained with no new significant non-performing loans, the overall ratio of bad and doubtful debt to total loans outstanding edged down (by 0 . 2 percentage point year-on-year) while the cover rate (including collective reserves) remained high at 72 . 3% overall (86 . 0% for business loans) . The cost of risk represented 45 basis points of credit outstandings in the first half of 2010, compared with 53 basis points in the first half of 2009 . Business momentum remained strong, with a further increase in the number of net new accounts opened, with 78,900 personal accounts (up 15%) and 6,900 small business accounts (up 18%) opened since the beginning of the year . The number of insurance policies and payment cards also increased substantially . The Group continued to innovate and extended its "LCL à la carte" range to small business customers . Credit outstandings moved up 4 . 3% year-on-year under the impetus of residential mortgage loans, which advanced by nearly 7% . Corporate business, which slowed during the crisis, also rebounded, with production rising by 8 . 2% during the first half of 2010 . On- and off-balance sheet customer deposits registered substantial growth . Demand deposits jumped 15 . 6% while off-balance sheet deposits advanced by 7 . 1%, driven by life insurance, with an increase of nearly 11% after an exceptional year in 2009 . 2 . INTERNATIONAL RETAIL BANKINGNote: The 2009 figures presented below are restated in relation to the transfer of Credit Uruguay Banco to discontinued operations in the first quarter of 2010 . During the second quarter, results from International retail banking were adversely affected by the impact of deteriorating conditions in Greece on Emporiki s operations as reflected in the updated restructuring and development plan unveiled on 22 June 2010 . International retail banking continued to refocus its operations on Europe and the Mediterranean Basin, with the announced sales of Banque Indosuez Mer Rouge (BIMR) to Bank of Africa and of Credit Uruguay Banco to BBVA Uruguay . The business line s net income - Group share came to a loss of 740 million euros in the first half and of 643 million euros in the second quarter . Excluding Emporiki, net income - Group share was 158 million euros in the first half and 70 million euros in the second quarter, down 33 . 6% compared to the second quarter of 2009 . Net banking income was stable year-on-year in the second quarter, as Crédit du Maroc and Crédit Agricole Egypt continued to deliver noteworthy performances . Operating expenses were contained . They edged up 0 . 6% over the first half 2010 excluding the currency effect (mainly for Poland) and were down 1 . 1% quarter-on-quarter in the second quarter of 2010 . Growth in the cost of risk slowed to 14 . 1% over the first half . Income from equity affiliates was lower than in the first half of 2009 owing to a smaller contribution from BES and Bankinter . In all, growth in International retail banking is set to rebound, underpinned by Cariparma s momentum and the solid performance of entities such as Crédit Agricole Egypt and Crédit du Maroc .

(in millions of euros)	Q2-10	Change	H1 2010	Change H1/H1	Change H1/H1*
		Q2/Q2
Net banking income	736	(1 . 1%)	1,458	+1 . 8%	(0 . 4%)
Operating expenses	(517)	+3 . 6%	(995)	+1 . 8%	+2 . 3%
Gross operating income	219	(10 . 6%)	463	+1 . 7%	(4 . 3%)
Cost of risk	(423)	+55 . 0%	(773)	+43 . 4%	+14 . 1%
Operating income	(204)	x7 . 8	(310)	x3 . 7	(16 . 8%)
Equity affiliates	25	(36 . 8%)	72	(16 . 5%)	(17 . 8%)
Net income on other assets and change in value of goodwill	(418)	nm	(418)	nm	nm
Pre-tax income	(597)	nm	(656)	nm	(17 . 0%)
Tax	(52)	(35 . 1%)	(96)	(11 . 4%)	(7 . 2%)
Net income from discontinued activities	3	(47 . 6%)	7	(44 . 3%)	(44 . 3%)
Net income- Group share	(643)	x12 . 7	(740)	x10 . 3	(20 . 8%)

* Excluding EmporikiIn Italy, the Cariparma group continued to expand . Underpinned by solid business momentum, loans outstanding and on-balance sheet deposits continued to rise, by 9 . 1% and 7 . 2% respectively year-on-year . Cariparma s net banking income came to 360 million euros in the second quarter . Following a sharp drop in the first quarter, net banking income recovered and advanced by 7 . 0% in the second quarter 2010 . The interest margin was driven up by a growth in loans outstanding and by higher commissions and fee income achieved through synergies with the Group s product subsidiaries . Costs remained under control despite continued investments . The cost of risk moved up with no impact on the quality of the loan portfolio . In all, Cariparma s contribution to net income - Group share was 42 million euros in the 2010 second quarter and net income - Group share for Italian business was 61 million euros over the same period . As part of its plan to continue expanding in Italy, on 22 June 2010, Crédit Agricole S . A . released the final list of assets to be acquired from Intesa Sanpaolo . As expected, the sale will cover two groups, for a total cash payment of approximately 740 million euros:- Cassa di Risparmio della Spezia (or Carispe), a subsidiary of the Intesa Sanpaolo group, which operates a network of 76 branches located in Liguria, Tuscany and Emilia Romagna;- a group of 96 branches to be acquired directly from the Intesa Sanpaolo group, located principally in the Lombardy, Latium, Tuscany and Venetia regions . When the deal is completed, the Crédit Agricole Group will own retail banking network consisting of 902 branches in Italy . Taking into account all its business segments in Italy (banking, insurance, asset management, corporate and investment banking, leasing and factoring, specialised financial services) the Crédit Agricole Group is set to become one of the top seven players in the Italian banking market . In Greece, Emporiki updated its 2009-2013 restructuring and development plan to reflect deteriorating economic conditions . This update was presented on 22 June 2010 . The target remains the same, i . e . to restore profitability and to start to generate profits as from 2012 while setting solid foundations for sustainable growth . In the first half of 2010, net banking income was 364 million euros, up 8 . 7% year-on-year . This good performance was driven by improvement in the interest margin, due partly to a reduction in negative-margin deposits granted at the beginning of 2009 . Commissions and fee income proved resilient . Despite lower volumes, they have been stable over the past three quarters owing to first results of the launching of new products, particularly life insurance products and structured mutual funds . The fall in deposits slowed by 5% quarter-on-quarter in the second quarter of 2010 while market share in deposits stabilised . Operating expenses were contained . They edged up 0 . 8% year-on-year in the first half despite substantial restructuring charges . The second quarter includes a 44 million euro exceptional charge for aided staff departures . Over the first half, personnel costs declined by 12 . 0% . The cost/income ratio improved by 7 percentage points by comparison with the second half of 2009 . The cost of risk was 569 million euros including a 315 million euro charge in the second quarter of 2010 . This substantial charge reflects increased provisions for the portfolio of loans granted before October 2008, in keeping with the updated plan announced on 22 June . The cost of risk on new loan production is near zero . Before the 418 million euro goodwill impairment charge booked after the plan was updated, Emporiki s net income - Group share was a loss of 479 million euros in the first half and a loss of 295 million euros in the second quarter . 3 . SPECIALISED FINANCIAL SERVICES

(in millions of euros)	Q2-10	Change Q2/Q2	H1 2010	Change
				H1/H1
Net banking income	993	+9 . 9%	1,976	+12 . 5%
Operating expenses	(434)	+6 . 0%	(863)	+2 . 7%
Gross operating income	559	+13 . 2%	1,113	+21 . 5%
Cost of risk	(335)	+7 . 8%	(663)	+15 . 1%
Operating income	224	+22 . 3%	450	+32 . 4%
Equity affiliates	3	+47 . 1%	6	+67 . 6%
Pre-tax income	227	+22 . 7%	456	+32 . 6%
Net income - Group share	127	+21 . 8%	253	+30 . 4%

During the first half of 2010, Specialised financial services continued to show its ability to generate a solid stream of revenues while implementing substantial structural changes . In April 2010, Sofinco and Finaref were merged to create CACF (Crédit Agricole Consumer Finance) and CA Leasing and Eurofactor were merged to create CALEF (Crédit Agricole Leasing and Factoring) . The efficiency of the SFS business line was further reinforced by these two business combinations . Net banking income was almost 2 billion euros in the first half of 2010, up 12 . 5% year-on-year, with no changes in scope of consolidation . Growth was driven by a combination of higher volumes owing to the business line s good sales performance, sustained margins and lower refinancing costs . The rise in operating expenses was confined to 2 . 7% over the same period, thereby boosting gross operating income by 21 . 5% year-on-year . The cost/income ratio was 43 . 7%, an impressive 4 . 1 percentage point reduction year-on-year . The cost of risk remained high in the first half of 2010 at 663 million euros due to the unfavourable economic climate . While it increased 15 . 1% year-on-year, its rise slowed appreciably in the second quarter to 7 . 8% . The cost of risk as a percentage of outstandings stabilised at a high level (around 230 basis points) . The intermediation ratio remained at about 77% . In Consumer credit, business momentum remained buoyant, pushing up outstandings in both domestic and international markets by 5 . 6% year-on-year to 77 . 6 billion euros at end-June, despite adverse economic conditions . In France, the 4 . 6% year-on-year growth in outstandings was driven by the Regional Banks . Internationally, the loan book expanded by 6 . 2% on the back of robust expansion in Europe, and particularly in Germany . The percentage of lending derived from international activities increased to 61 . 5% of total loans outstanding at 30 June 2010 . In Italy, outstandings rose by 3 . 1% year-on-year and accounted for almost 37% of consumer finance outstandings . Moreover, CACF continued to expand its network of partnerships with carmakers . At the end of the first half of 2010, car financing operations began in China through a 50/50 joint venture (not consolidated at 30 June 2010) with GAC, the No . 6 carmaker in China . CACF s results moved up appreciably . Net banking income rose by 12 . 9% year-on-year to 1,698 million euros with no changes in the scope of consolidation, while expenses edged up by only 1 . 3% over the same period . The cost/income ratio was 40 . 3% at 30 June 2010, down 4 . 7 percentage points year-on-year . Gross operating income advanced by 22 . 5% year-on-year to over one billion euros . The cost of risk rose by 15 . 2% over one year but it stabilised as a percentage of outstandings, at 227 points of consumer credit outstandings . The intermediation ratio declined by nearly 4 percentage points to 76 . 5% . Overall, net income was 248 million euros in the first half of 2010, a rise of 35 . 2% on the same year-ago period . In lease finance and factoring, the Group registered robust growth . Lease finance outstandings climbed by 11 . 4% in France and by 9 . 6% internationally, with a rise of 15 . 5% in Italy . International activities accounted for nearly 21% of total lease finance outstandings in the first half of 2010 compared with about 13% in the first half of 2008 . In factoring, factored receivables jumped 35 . 2% year-on-year, with growth of 23% in France and of 60% internationally . Overall, gross operating income expanded by 20 . 7% year-on-year to 115 . 5 million euros in the first half . The segment further enhanced its operational efficiency, as reflected by the drop in its cost/income ratio by 3 . 6 percentage points and in its intermediation ratio by 3 . 0 percentage points . In lease finance alone, the cost of risk rose by 18 . 8% year-on-year in the second quarter of 2010 . It amounted to 54 basis points of outstandings in the second quarter of 2010 compared with 51 basis points in the second quarter of 2009 . 4 . ASSET MANAGEMENT, INSURANCE AND PRIVATE BANKINGDuring the first half of 2010, Asset management, insurance and private banking confirmed its growth momentum . This business line is a major source of high, recurring income for the Group . The transactions carried out in 2009 (creation of Amundi, integration of certain HSBC France operations in securities and issuer services, increase in the stake in Caceis from 50% to 85%) gave the business line a new dimension . Assets under management came to 1,030 billion euros (834 . 7 billion euros excluding double counting) at 30 June 2010, up 2 . 3% by comparison with 31 December 2009 . Net new inflows amounted to 20 . 7 billion euros during the first half . Business line results were up sharply in the first half of 2010 . This favourable trend was not only due to changes in scope . Net banking income jumped by 20 . 2% on a like-for-like basis to 2,483 million euros . Over the same period, operating expenses were 1,270 million euros, a moderate 6 . 3% increase on a like-for-like basis and excluding restructuring costs at Amundi (57 million euros in the first half of 2010) . Gross operating income excluding restructuring costs came to 1,270 million euros, a rise of 37 . 3% on a like-for-like basis . Operational efficiency improved appreciably, and the cost/income ratio declined by 4 . 1 percentage points on a like-for-like basis to 51 . 2% . The business line s contribution to net income - Group share was 741 million euros, up 30 . 6% like-for-like .

(in millions of euros)	Q2-10	Change Q2/Q2*	H1 2010	Change
				H1/H1*
Net banking income	1,300	+39 . 5%	2,483	+46 . 1%
Operating expenses	(655)	+53 . 9%	(1,270)	+46 . 6%
Gross operating income	645	+27 . 4%	1,213	+45 . 6%
Cost of risk	(15)	nm	(17)	nm
Operating income	630	+25 . 6%	1,196	+44 . 3%
Equity affiliates	1	nm	2	+25 . 0%
Net income on other assets and change in value of goodwill	2	nm	(1)	nm
Pre-tax income	633	+26 . 1%	1,197	+44 . 2%

Comunicato stampa24 agosto 2010Per ulteriori informazioni contattare:Jean-Charles Simon / Géraldine Fontaine +33 (0)1 46 98 73 17Communication et affaires publiquesAntonio Moretti +44 (0) 203 207 8562Directeur Relations InvestisseursFitch aumenta il rating di SCOR, con outlook da "stabile" a "positivo"Fitch Ratings ha alzato l outlook del rating "A" di SCOR SE e delle sue consociate da "stabile" a "positivo" per l IFS (solidità finanziaria) e l IDR (rating di insolvenza emittenti a lungo termine) . Fitch puntualizza, in particolare, che l aumento del rating tiene conto del "rafforzamento della solidità finanziaria del gruppo grazie a una politica di investimenti improntata alla cautela, alla riduzione del tasso di indebitamento e al mantenimento di un livello di capitalizzazione elevato in un contesto di volatilità dei mercati finanziari e di evoluzione della sinistralità meno favorevole . The ratings also take SCOR s strong business and risk diversification, solid business position and resilient profitability into account" . The previous rating change made by Fitch was the upgrade of SCOR SE s Financial Strength ratings to "A" on 21 August 2008 . Denis Kessler, Chairman and Chief Executive Officer of SCOR, commented: "The Group is delighted with Fitch s decision, which bears witness to the new significant achievements made by SCOR over the past two years" . The Fitch press release is available on the agency s homepage at the following address: http://www . fitchratings . com** *Forward-looking statementsSCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission . Thus, any forward- . looking statements contained in this communication should not be held as corresponding to such profit forecasts . Information in this communication may include "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact . Forward-looking statements are typically identified by words or phrases such as, without limitation, "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as, without limitations, "will", "should", "would" and "could . " Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand . Please refer to SCOR s document de référence filed with the AMF on 3 March 2010 under number D . 10-00085 (the "Document de Référence"), for a description of certain important factors, risks and uncertainties that may affect the business of the SCOR Group . As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings . Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#169422]

Rexel annuncia la nomina di Pascale Giet all incarico di Vice presidente senior Comunicazione e sviluppo sostenibile . Pascale Giet, che succede a Laetitia Olivier, entrerà a far parte del Comitato esecutivo e risponderà direttamente a Jean-Charles Pauze, CEO di Rexel . La sua nomina diventerà effettiva il 23 agosto 2010 . Pascale Giet apporterà a Rexel la sua solida esperienza nell ambito della comunicazione, dello sviluppo dei marchi e della responsabilità aziendale e sociale . BiografiaPascale Giet ha iniziato la sua carriera lavorativa in un agenzia pubblicitaria del Groupe Expand, prima di ricevere, nel 1990, l incarico di gestire la comunicazione di ComDev, la controllata della Caisse des Dépôts che si occupava dello sviluppo dei canali tematici via cavo . She then joined Vivendi Universal in 1994 where she was in charge of launching TAM TAM, the first mainstream pager, as Communications Director of TDR . In 1997, Pascale Giet was appointed Advertising Director at Cegetel and managed the launch of the brand during the opening of the French telecom market before becoming Communications Director at e-TF1 in 1999 and 9 Telecom in 2001 . In September 2004, she joined Europ Assistance as Vice President of Worldwide Communications and Member of the Group s Executive Committee . In November 2006, she was appointed Vice President for Corporate Social Responsibility while retaining her previous position until 2010 . Pascale Giet, 47, is a graduate of INSEAD and holds a Masters Degree in Political and Social Communications . She was also a lecturer in the Communications Department of the Institut d Etudes Politiques in Paris from 2007 to 2009 . Rexel, a global leader in the distribution of electrical supplies, serves three main end markets: industrial, commercial and residential . The Group operates in 34 countries, with a network of some 2,200 branches, and employs 28,000 people . Rexel s sales were E11 . 3 billion in 2009 . Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and BAML Capital Partners . Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203) . It is integrated in the following indices: NEXT 150, SBF 120, and CAC Mid 100 . For more information, visit Rexel s web site at www . rexel . comContacts

Financial Analysts / Investors	Press
Marc MAILLET	Brunswick: Thomas KAMM
Tel +33 1 42 85 76 12	Tel +33 1 53 96 83 92
mmaillet@rexel . com	tkamm@brunswickgroup . com
Florence MEILHAC
Tel +33 1 42 85 57 61
fmeilhac@rexel . com

Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#169397]

EURO RESSOURCES RENDE NOTI GLI UTILI DEL SECONDO TRIMESTRE E DEL SEMESTRE 2010 CHIUSI IL 30 GIUGNOPARIGI, 12 agosto 2010: EURO Ressources S . A . (Parigi: EUR) ("EURO" o la "Società") ha reso noti in data odierna i risultati finanziari consolidati per il secondo trimestre e per il primo semestre 2010, chiusi il 30 giugno, preparati conformemente agli International Financial Reporting Standards adottati dall Unione Europea . Tutti gli importi sono indicati in euro . EURO Ressources ha registrato utili netti per E 5,95 milioni (E 0,095 per azione) per il semestre chiuso il 30 giugno 2010 e un utile di E 2,48 milioni (E 0,040 per azione) per il secondo trimestre 2010 . Nel 2009, gli utili del primo semestre erano stati pari a E 4,62 milioni (E 0,074 per azione) mentre quelli del secondo trimestre E 2,72 milioni (E 0,044 per azione) . The following comments on the results for the second quarter and six months ended June 30, 2010 are taken from our Management s Discussion and Analysis:Three months ended June 30, 2010 compared to three months ended June 30, 2009We had revenue of E5 . 85 million in the quarter ended June 30, 2010 compared to E4 . 86 million in the second quarter of 2009, an increase of 20% . Substantially all of this revenue comes from the Rosebel royalty . The Rosebel gold mine produced 86,049 ounces of gold during the second quarter of 2010, a 21% decrease from the 108,947 ounces of gold produced in the second quarter of 2009, resulting primarily from processing lower head grades . The mine experienced significantly higher than normal rainfall during the period forcing a re-sequencing of ore mining . This decrease is partially offset by the 30% increase in the average price of gold for the quarter ended June 30, 2010 of $1,196 . 74 per ounce of gold as compared to $922 . 17 per ounce of gold for the same period in 2009 . The weakened Euro currency was another contributing factor with a foreign exchange impact for the quarter of 6% . General and administrative expenses in the second quarter of 2010 were E0 . 29 million, as compared to E0 . 49 million for the second quarter of 2009 . The decrease of 40% was largely due to the security costs at the Paul Isnard Properties in French Guiana no longer being the Company s responsibility since the beginning of 2010, whereas during the second quarter of 2009 the Company incurred E0 . 17 million related to these costs . The general decrease in activities is also attributed to the fact that the Company is not seeking new business opportunities at this time . The 16% decrease in amortization expenses in the second quarter of 2010 to E0 . 14 million (2009: E0 . 17 million) reflects the lower gold production at the Rosebel mine as compared to the second quarter of 2009 . In order to mitigate the impact of foreign exchange related to the payment on May 25, 2010 of the E17 . 499 million issuance premium to all shareholders of record, we entered into a foreign exchange forward contract resulting in a financial instrument expense for the quarter ended June 30, 2010 of E1 . 8 million (2009: E0) . Since the last 5,700 ounces of gold were settled at the end of January 2010, the Company has no more financial instrument expense related to gold for the quarter ended June 30, 2010 . This compares to a financial instrument expense related to gold of E0 . 10 million for the quarter ended June 30, 2009, at what time there were 8,550 ounces of gold remaining under the Company s gold hedge contract . Six months ended June 30, 2010 compared to six months ended June 30, 2009We recorded a net profit E5 . 95 million (E0 . 095 per share) during the first six months of 2010, compared to a net profit of E4 . 62 million (E0 . 074 per share) for the first six months of 2009 . We had revenue from royalties for the first six months of 2010 of E11 . 46 million compared to E8 . 82 million for the first six months of 2009, with E11 . 43 million earned from the Rosebel royalty (E8 . 73 million during the same period last year) . The 30% increase in revenue for the first six months of 2010 is mainly due to a 26% increase in the average gold price for the six months ended June 30, 2010 to $1,152 . 22 per ounce of gold (2009: $915 . 18 per ounce of gold) . There was a 7% decrease in gold production for the first six months of 2010 to 184,392 ounces of gold, as compared to 196,665 ounces of gold for the same period last year . We recorded an income tax expense of E3 . 22 million for the six months ended June 30, 2010 . We have recognized a temporary future tax credit for the six months ended June 30, 2010 of E0 . 02 million . Since there are no more tax losses carried forward, the deferred tax asset relates to temporary differences . LiquidityConsolidated cash and cash equivalents at June 30, 2010 totaled E1 . 65 million . All of the cash is unrestricted . We expect to have sufficient cash flow to fund our on-going operational needs . About EUROEURO is a French company whose principal asset is the Rosebel Royalty on gold production at the Rosebel mine operated by IAMGOLD Corporation ("IAMGOLD") . EURO has approximately 62 . 5 million shares outstanding . Since December 17, 2008, EURO is a majority owned subsidiary of IAMGOLD . IAMGOLD owns today directly and indirectly approximately 86% of EURO . Statements Regarding Forward-Looking Information: Some statements in this news release are forward-looking statements . Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties . There can be no assurance that future developments affecting the Company will be those anticipated by management . Not for distribution to United States newswire services or for dissemination in the United States . The securities referred to herein have not been registered under the US Securities Act of 1933 and may not be offered or sold in the United States or to a US person absent registration or an applicable exemption from registration . Additional information relating to EURO Ressources S . A . is available on SEDAR at www . sedar . com . Further requests for information should be addressed to:Larry E . PhillipsDirecteur-GénéralTel:+1 4163604710Email : phillips@euroressources . netSusanne A . HermansVice-President FinanceTél . : +1 303 204 7771Email : shermans@euroressources . netCopyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#169309]

Incremento del tasso di utilizzo dei container marittimi a luglio 2010 accompagnato da un deciso aumento delle tariffe di locazioneLa locazione dei container marittimi batte un record storico, con un tasso di utilizzo del 97,1% al 30 luglio 2010, registrando allo stesso tempo una crescita del 20% delle tariffe di locazione rispetto a gennaio 2010 . Dopo un 2009 segnato dalla netta flessione degli scambi internazionali (-10%) e dalla diminuzione della produzione mondiale di nuovi container (nel 2009 ne sono stati prodotti meno di 300 . 000, rispetto agli oltre 3 milioni del 2008), il nolo ha registrato un forte aumento a livello internazionale, stimolando la domanda di container marittimi dall inizio dell anno . A reminder that international trade is forecasted to increase by 9 . 5% in 2010 (source WTO), which would bring about an 8 . 8% increase in container transport (source: Clarkson) . The TOUAX Group operates a fleet of 500,000 container TEUs through its wholly-owned subsidiary, GOLD Container, for both operational and financial leasing as well as for sale . It offers global shipping companies worldwide service through a network that operates out of over 120 ports on all five continents . The TOUAX Group provides its operational leasing services to a global customer base, both for its own account and on behalf of investors . TOUAX is the European leader in shipping containers and river barges, and #2 in modular buildings and freight railcars (intermodal railcars) . TOUAX is well positioned to take advantage of the rapid growth in corporate outsourcing of non-strategic assets and every day offers efficient and flexible leasing solutions to more than 5,000 customers . TOUAX is listed in Paris on NYSE EURONEXT - Euronext Paris Compartment C (ISIN Code FR0000033003) . SBF 250 indexContacts:TOUAXFabrice & Raphaël WalewskiManaging Directorstouax@touax . comwww . touax . comTel: +33 (0)1 46 96 18 00ACTIFINjybarbara@actifin . frTel: +33 (0)1 56 88 11 11Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#169278]