Groupe Bourbon boosts liquidity and improves corporate governance

Meeting on June 9,  2004, after the close of the Annual Shareholders’ Meeting, the Board of Directors of Groupe Bourbon noted the payment of a dividend of euro 1.4 per share (+29.3%) as of June 11, and the issuance of one bonus share for six shares held, effective June 28, 2004. Two new directors, Mrs. Dominique Senequier and Mrs. Victoire de Margerie, have joined the Board, which re-elected Mr. Jacques de Chateauvieux (53) to the post of Chairman and Chief Executive Officer, having occupied this position since 1979. The Board also established an Audit Committee and a Compensation Committee. It was decided, in principle, to call an Extraordinary General Meeting for August 23, 2004, to vote on the following motions, chiefly: - the merger of Société Financière Jaccar with Groupe Bourbon. This transaction would increase the free float by around 10%, the financial shareholders of Financière Jaccar becoming direct shareholders of Groupe Bourbon. - to carry out a three-for-one split of Groupe Bourbon shares. On completion of the bonus issue decided on June 8, 2004, the total number of shares outstanding with effect from June 28, 2004 will rise from 7,032,000 to 8,204,000, with the proposed stock-split increasing the number of shares to 24,612,000. - to abolish double voting rights attached to registered shares. These measures illustrate the Group’s drive to improve its corporate governance and increase the liquidity of Groupe Bourbon shares.

Groupe Bourbon has been listed by Euronext in the "Oil Services" category since February 2nd 2004.

Paris, June 9th, 2004

Presse Image 7 contacts
Catherine Gros : 01 53 70 74 70 cgros@image7.fr
Emmanuelle Flobert : 01 53 70 74 61 eflobert@image7.fr

Groupe Bourbon
Financial relations : Patrick Mangaud 01 40 13 86 09 patrick@mangaud.com
Press relations : Christa Roqueblave 01 40 13 86 06 christagb@wanadoo.fr