1. Antoine RIMPOT Chief Executive Officer - Avenir Finance Coporate The Listing Sponsor Advisor and Supporter

2. CONFIDENTIAL 2  French financial services company created in 1995, independent and listed on Euronext  Offers high-value financial products and services to small & mid-cap companies, entrepreneurs and private individuals: –Asset Management (multi management, private equity and real estate) –Corporate Finance (IPO, M&A, Private Placement, LBO…) –Private Banking  4 distribution channels: Internal network, Internet, IFAs and Partnerships (commercial banks, lawyers, private equity houses, auditors) Avenir Finance - Company Overview

3. CONFIDENTIAL 3 Alternext -The many advantages of going public  Monetize part of the assets  Give liquidity to the stocks  Keep independance  Unlock value over the time  Facilitate the transfer of ownership For existing shareholders: For the company:  Raise money for future developments  Increase visibility and name/brand awareness  Strengthen leadership positions  Use stock as an acquisition currency  Motivate employees and increase loyalty

4. CONFIDENTIAL IPO’s are Back  106 IPOs on Euronext Paris ( + 78% vs 2005)

5. CONFIDENTIAL 5 Alternext : Listing requirements  Listing conditions –Track record : 2 years –Listing sponsor appointed  Two ways to be listed and traded on Alternext 1.A public offering simultaneous to the listing, through the selling of existing shares and/or news shares for a minimum free float of 2,5 M euros. 2.Complete a private placement in the 2 years preceding the listing on Alternext, the placement must : 1.Amount to at least 5M euros 2.Be distributed amongst at least 5 qualified shareholders Public offering Access to retail and/or qualified investors Private placement Access to qualified investors only (min 5) selling of existing shares and/or news shares 2 years preceeding the listing Minimum free float: € 2.5mMinimum placing: € 5m Prospectus cleared by regulator EU Prospectus Directive Offering circular Not cleared by regulator; disclosures under responsibility of the Listing Sponsor & Issuer

6. CONFIDENTIAL 6 IPO Process - Overview & Timing  A FOUR step process  4 to 6 months minimum 1.PREPARATION Legal, Audit accounts, Business Plan 2.SELECTION OF THE PARTNERS Lawyers, CAC, P&R Agency 3.INSTRUCTION REVIEW Prospectus AMF EURONEXT 4.LISTING Pricing Road Show Placement/ Financial Research Cash In/ Listing Avenir Finance Corporate manages the dynamic of the process and advises the management during the IPO preparation

7. CONFIDENTIAL 7 Placement, Book building, negociation, Trading Placement, Book building, negociation, Trading Private Placement A major Small et Mid Caps Market Player Liquidity Provider Equity research Brokerage LBO / Debt IPO/ Capital market M&A Corporate Finance STEP 1 STEP 2 STEP 3 STEP 4

8. CONFIDENTIAL 8 Avenir Finance Corporate Listing Sponsor IPO Process - Our role: Advisor and Supporter AMFEURONEXT Auditors PR Agency Lawyers Avenir Finance Brokerage Avenir Finance Corporate: THE architect of your IPO  Converges all parties’ interest  Saves time  Allows management to focus on day to day business

9. CONFIDENTIAL 9 AF Corporate – THE way to Alternext  Key expertise and know-how in mid cap companies  Full management of the IPO process thanks to an integrated offer : Corporate, financial research, placement  Well-known from market authorities (Euronext & AMF)  Strong relationships with institutional investors  Qualified and human size team, reactive and motivated  Long term partnership Allows top management to focus on day to day business during the IPO process

10. CONFIDENTIAL 10 Présence sur tout le segment Small & Mid Caps

11. CONFIDENTIAL Antoine RIMPOT – Chief Executive Officer Tel :01 70 08 08 05 a.rimpot@avenirfinance.fr Emmanuel DAMPOUX – Business Development Manager Tel :01 70 08 08 78 e.dampoux@avenirfinance.fr Contact