SOURCE: FIMALAC

July 12, 2007 06:23 ET

FIMALAC : Press Release

PARIS--(Marketwire - July 12, 2007) - On July 11, 2007, in response to a request from the senior editorial team of Les Echos, Marc Ladreit de Lacharrière, Chairman and Chief Executive Office of Fimalac, submitted an offer to acquire all outstanding shares of the Les Echos Group to the Fimalac's Board of Directors, which unanimously approved it. The offer, which has been sent to Pearson, is based on the following terms:

1) Offering price: EUR 245 million.

2) Acquisition according to the usual procedures, terms and conditions, excepting the sole condition precedent that Fimalac's offer be approved by the majority of journalists in General Meeting.

3) No layoffs.

4) Editorial independence will be guaranteed. The Managing Editor will be appointed on the recommendation of Fimalac with the approval of at least 55% of the journalists' votes.

5) Offer valid until midnight, December 31, 2007.

Acquisition of the Les Echos Group would enable Fimalac to extend its presence in the financial and business information sector, where it is already a leading player through the Fitch Ratings international ratings agency and the Algorithmics enterprise risk solutions provider.

Fimalac Contacts :

Jean-Philippe LAVAL
Tel : 01 47 53 61 81

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