Bourbon Holds Combined Annual and Special Shareholders' Meeting

Wednesday, May 30, 2007
The Bourbon Combined Annual and Special Shareholders' Meeting was held yesterday 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 0.60 euro per share This dividend, which has increased by 20% compared to 2005 taking into account the stock split, will be paid on June 1, 2007. It will entitle individuals who are tax residents in France to a tax-free allowance of 40%, i.e. 0.24 euro per share. Capital increase completed through the creation of bonus shares allotted to shareholders in the ratio of one new bonus share for 10 existing shares The capitalization of a portion of the "issue premiums" increases the capital stock of the company by 3,188,437.72 euros to 35,072,819.98 euros.

This capital increase is completed by the creation of 5,019,552 new bonus shares allotted to shareholders in the ratio of 1 new share for 10 existing shares. The new shares will be ranked with the existing shares on or after June 5, 2007, after payment of the dividend for fiscal year 2006 to the existing shares. The company also announced the re-election of Mrs. Victoire de Margerie and Mr. Jacques de Chateauvieux as Directors of the Company

As their respective terms are expiring, they have been re-elected for a period of three years, until the Shareholders' Meeting convened to approve the accounts of the financial year ending on December 31, 2009. The Bourbon Board of Directors, meeting at the end of the Shareholders' Meeting, re-elected Jacques de Chateauvieux as Chairman of the Board and Chief Executive Officer and reappointed Christian Lefevre as Executive Vice President and Chief Operating Officer and Laurent Renard as Executive Vice President and Chief Financial Officer.

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