Bourbon Holds Annual and Special Shareholders' Meeting

Wednesday, May 24, 2006
The Bourbon Annual and Special Shareholders' Meeting was held under the chairmanship of Jacques de Chateauvieux at the Palais Brongniart in Paris. The following resolutions were passed at the Meeting: - Distribution of a dividend of 1 euro per share This dividend, which represents a 78% increase compared to 2004, will be paid as from Monday, May 29, 2006. It gives a right to a tax-free allowance of 40%, i.e. 0.40 euros per share, for individuals who are tax residents in France. - 2-for-1 stock split Given the change in the value of the company's stock and in order to increase liquidity, each shareholder will be allotted two new shares in exchange for every share currently held. The total number of shares representing the statutory share capital is thus raised to 50,113,610. This reduction in the par value of the share requires no action by shareholders and results in no dilution of the company's capital. Euronext recognition of this 2-for-1 stock split is scheduled for June 1, 2006, when the market price will be adjusted by 50%.

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