The Lagardère Group announced a proposed compulsory minority interest purchase offer

The Lagardère Group today announced that it has filed a proposed compulsory minority interest purchase offer (Offre Publique de Retrait suivie d’un Retrait Obligatoire) with the market regulatory authorities for the stock in its subsidiary Hachette Filipacchi Medias that it does not already hold, at a price of Euros 85 per share.

Lagardère’s simplified public share exchange offer for the shares in Hachette Filipacchi Medias, held between May 12, 2000 and June 1, 2000, was a considerable success. As a result, Lagardère holds 98.13% of the capital of Hachette Filipacchi Medias and has decided to purchase all of the remaining shares of the subsidiary by means of a compulsory minority interest purchase offer.

The proposed compulsory minority interest purchase offer will be appraised by CCF CHARTERHOUSE, in accordance with current regulatory requirements, and is being examined by the market regulatory authorities at the present time.