SOURCE: Thomson

May 02, 2006 01:50 ET

Building clear leadership in digital video technologies for Thomson

Boulogne Cedex -- (MARKET WIRE) -- May 2, 2006 -- Paris, May 2, 2006 - As indicated in its first quarter press release of April 20th, 2006, Thomson and its Board have started to examine the next phase of the Group's development, with a view to creating clear leadership in digital video technologies for Thomson in 2008. This objective needs to be backed up by adequate financial resources and talent.

The Board's integrated vision for Thomson in 2008 is understood and supported by Thomson's key clients. The Board intends that its objectives be met while having appropriate regard for the interests of the Group's clients and employees, and its debt and equity holders.

In the above context, Thomson confirms that it is looking at opportunities which could accelerate its expansion in digital and electronic media as part of building a 2008 strategy. The Board has started to assess a wide range of options available to it, in order to determine the optimal method of financing of the Group's next development phase, consistent with the interests of its stakeholders.

The financing options being assessed include a combination of debt and equity consistent with the Group's financial profile, including a financing in the public equity markets, and a strategic transaction financed in the private markets, which Silver Lake Partners is involved in examining. The Board has set up a Special Committee of independent directors, chaired by Paul Murray and with independent financial and legal assistance, to advise the Board on any proposal made in this context.

There can be no guarantee that the assessment of any of the above-mentioned opportunities will lead to a transaction. The assessment of the financing options is still preliminary and therefore any outcome is highly uncertain. Thomson will only make further comments when, and if, there are material developments in these areas.

Finally, Thomson notes, in relation to recent speculation, that the resolutions for its Ordinary Shareholder Meeting of May 12th, 2006 have been already published on its website, and do not deal with the above.

+--------------------+-------------------+--------------------+
|   Press Relations  |                   |                    |
+--------------------+-------------------+--------------------+
|  Martine Esquirou  |  +33 1 41 86 58 51|martine.esquirou@tho|
|                    |                   |mson.net            |
+--------------------+-------------------+--------------------+
|  Julie Dardelet    |  +33 1 41 86 65 24|julie.dardelet@thoms|
|                    |                   |on.net              |
+--------------------+-------------------+--------------------+
|  Investor Relations|                   |                    |
+--------------------+-------------------+--------------------+
|  Séverine Camp     |  +33 1 41 86 57 23|severine.camp@thomso|
|                    |                   |n.net               |
+--------------------+-------------------+--------------------+
|  Marie Boidot      |  +33 1 41 86 51 00|marie.boidot@thomson|
|                    |                   |.net                |
+--------------------+-------------------+--------------------+
|  Laurent Sfaxi     |  +33 1 41 86 58 83|laurent.sfaxi@thomso|
|                    |                   |n.net               |
+--------------------+-------------------+--------------------+
The full press release is available on http://www.companynewsgroup.com

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