1. ° SDV International Logistics

2. SDV International Logistics - january 2004 ° Founded in 1822, originally a paper manufacturer ° Today, an international group ranked among the 60 first French groups and in the top 200 in Europe ° One of the 50 leading French exporters Activity developed in 2 main sectors: SERVICES & INTERNATIONAL LOGISTICS AND TRANSPORT INDUSTRY ° Leading French Group

3. SDV International Logistics - january 2004 * Millions €, 2003 Net sales 5 392 Operating income 155 Netincome 109 Shareholdersequity Shareholders ’ equity + Reserves 1 499 Netdebt 736 1 300 ° SDV International Logistics is Part of a Major Player: The Bolloré Group

4. SDV International Logistics - january 2004 ° Breakdown of Workforce by Business in 2003

5. SDV International Logistics - january 2004 ° Breakdown of Turnover by Business in 2003

6. SDV International Logistics - january 2004 ° Transport and Logistics International transport & logistics 55 vessels 42 000 containers 207 agencies DELMAS / OTAL Shipping lines SDV / SAGA Africa 12 500 Collaborators Warehousing and offices: 3 284 000 sq M 5 600 heavy Vehicles duties International Logistics Overseas Network: 85 countries 500 agencies 7 897 collaborators Warehousing :2 000 000 sqM

7. SDV International Logistics - january 2004 CUSTOMS BROKERS HANDLING ORGANIZATION OF OCEAN AND AIR FREIGHT LOGISTICS MULTIMODAL ° Our Business

8. SDV International Logistics - january 2004 SDV is handling supply chain management throughout the world, no matter the kind of goods, from and to any country around the globe. Our 7 890 collaborators are expert on every step of our activity : logistics, sea freight, air freight, warehousing, transit operations, stevedoring, distribution, flow management. Logistics Air and Sea freight Multimodal Custom agent ° SDV develop high added value services and skills

9. SDV International Logistics - january 2004 Turnover 2003 : 1 810 M€ ° Turnover by Activity

10. SDV International Logistics - january 2004 ° Breakdown of Workforce by Business in 2002

11. SDV International Logistics - january 2004 Turnover 2003 : 1 810 M€ ° Breakdown of Turnover by Area in 2002

12. SDV International Logistics - january 2004 Workforce in 2003: 8788 ° Breakdown of Workforce by Area in 2002

13. SDV International Logistics - january 2004 FRET OCEAN FREIGHT IN 2003 Loading volume : 550 000 containers AIR FREIGHT IN 2003 Loading volume : 400 000 tonnes ° Our Global Network

14. SDV International Logistics - january 2004 REPUBLIQUE TCHEQUE Praha Zlin GERMANY Bad Neustadt Düsseldorf Francfort Fribourg Hambourg Munich Nuremberg Stuttgart Villingen ROUMANIA Bucarest RUSSIA Moscow PORTUGAL Lisbon Porto GREAT BRITAIN Glasgow Heathrow Liverpool London Manchester ITALIA Bologna Florence Milan Rome Venise BENELUX Amsterdam Anvers Brussels Luxembourg Oostende Rotterdam SPAIN Algeciras Alicante Barcelona Bilbao Las Palmas Madrid Santa Cruz de Tenerife Valence Vigo FRANCE ° Europe

15. SDV International Logistics - january 2004 WEST Cholet Gasny Loudéac Montoir Nantes Poitiers Quimper Rennes Les Sables d’Olonne Saint-Brieuc Saint Malo Tours CENTRE Blois Chartres Châteauroux Clermont-Ferrand Le Mans Limoges Orléans IDF Bonneuil Cergy-Pontoise Colombes Évry Gennevilliers Orly Paris Puteaux Roissy Rungis Trappes SOUTH-WEST Albi Biarritz Bordeaux Pau Rochefort La Rochelle Tarbes Toulouse NORMANDIE Caen Cherbourg Dreux Granville Le Havre Rouen NORTH & EAST Amiens Beauvais Dunkerque Lille Mulhouse-Bâle Nancy Strasbourg RHONE-ALPES Annecy Dijon Grenoble Lyon Saint-Etienne PACA Fos sur Mer Grasse Marignane Marseille Montpellier Nice Port Saint Louis du Rhône Sète Toulon ° France

16. SDV International Logistics - january 2004 Atlanta Boston Chicago Cleveland Dallas Denver Houston Los Angeles Miami New York San Francisco Seattle Washington NORTH AMERICA Montreal Toronto Vancouver SOUTH AMERICA Buenos Aires Iquique Mexico Montevideo Rio De Janeiro Sao Paulo Santiago du Chili ° Americas

17. SDV International Logistics - january 2004 Philippines Cebu Manille Singapore Australia Melbourne Perth Sydney Brunei Bandar Seri Begawan Cambodia Phnom Penh Sihanoukville China Beijing Chengdu Dalian Guangzhou Hong Kong Qingdao Shanghai Shenzen Tianjin Xiamen Indonesia Jakarta Surabaya Ujung Pandang Korea Busan Seoul Japan Osaka Tokyo Laos Savannakhet Thakhek Vientiane Taipei Malaysia Ipoh Johor Bahru Kuala Lumpur Penang Port Klang New Zealand Auckland ° Asia - Pacific Taiwan Taipei Thailand Bangkok Chiangmai Chonburi Timor Dili Vietnam Hanoi Ho Chi Minh City Quy Nhon

18. SDV International Logistics - january 2004 TUNISIA Rades Tunis ALGERIA Algiers Hassi Messaoud Mostaganem / Arzew Skikda MOROCCO Casablanca Tangier TURKEY Istanbul Izmir LEBANON Beirut UNITED ARAB EMIRATES Dubai ° Mediterranean

19. SDV International Logistics - january 2004 Kano Kigali Kinshasa Kumasi Lagos Libreville Lomé Luanda Mombassa Monrovia N'djamena Mauritius Niamey Nouakchott Abidjan Accra Antananarivo Bamako Bangui Banjul Brazzaville Bujumbura Cape Town Casablanca Conakry Cotonou Dakar Dar Es Salaam Djibouti Douala Entebbe Freetown Johannesburg Ouagadougou Pointe Noire Port Gentile Port Harcourt Rades Sanaa Tangier Taomasina Tunis Yaounde ° Africa

20. SDV International Logistics - january 2004 Guadeloupe French Guyana French Polynesia Martinique New Caledonia Reunion ° French Overseas Territories

21. SDV International Logistics - january 2004 ° Technical Expertise and Customer Proximity AEROSPACE INDUSTRIAL PROJECTS OILFIELD MINING DEFENSE HIGH TECH EXPO EXPRESS

22. SDV International Logistics - january 2004 AOG Services/ Consolidation / Assembly / Customs Broker / Air Ride trucks Interface with Aerospace Counterparts within the SDV Worldwide Network Leaders in the field of aircraft spares transport and ancillary support services Logistics provider for the Aeronautical Industry Aircraft and helicopter manufacturing, O.E.Ms, Maintenance, Space technology, Specialized trading, Airline operators ° Aerospace Department

23. SDV International Logistics - january 2004 Among our references: ° Honeywell ° EADS-Airbus ° Singapore Airlines ° Embraer ° EADS-Eurocopter ° Labinal ° Snecma Moteurs ° British Airways ° Air France Industries ° Liebherr Aerospace ° Aerospace Department

24. SDV International Logistics - january 2004 Preliminary study Administrative customs formalities Technical assistance Reinforcement & modification of roads… Construction in the field Shipping of heavy items and oversized loads Interior transport Lifting Insurance Information monitoring A dedicated team in France : 60 staff Energy & Electricity Rail Transport Mining Water treatment OIL & GAS Industry Civil engineering Cement Industry - Steel Industry ° Industrial Project

25. SDV International Logistics - january 2004 Consulting Innovating Creating Managing Organising A recognised know-how dedicated to your industrial projects needs ° Industrial Project

26. SDV International Logistics - january 2004 At all your bases of operation ° A worldwide concept ° Dedicated professionals for all your projects (from design to on-site operations) ° A multimodal transport network ° Thorough knowledge of the Oil, Gas and Mining industries ° Order monitoring, shipping of personal effects, express freight and P.O boxes, Hand Carry, assistance to personnel ° Emergencies imperative that are synonymous with efficiency and controlled costs ° Oilfield Mining

27. SDV International Logistics - january 2004 Among our references ° Sandvik Tamrock ° Schlumberger ° Total ° Exxon ° Foraid ° Dietsmann ° Gtmh ° Perenco ° Fish ° Anglogold africa ° Moolman brothers ° Agem-iamgold ° Ashanti goldfields ° Oilfield Mining

28. SDV International Logistics - january 2004 A global logistics offer dedicated to the army industry and their industrial partners: ° Shipping of all types of merchandise ° Dedicated team within our network ° Specialized, secure, multimodal transport ° Management of all customs systems ° Security and confidentiality ° Expertise acquired with defence, aeronautics, and High Technology contractors ° Defense

29. SDV International Logistics - january 2004 Among our references ° DCN Log ° Marine portugaise ° G.I.A.T Industries ° Eurocopter ° Defense

30. SDV International Logistics - january 2004 Between France and Europe, Your air freight, in one night’s time ° Day 1 - Day 2 shipping anywhere in Europe, regardless of the weight of the shipment ° Late-hour pickups and night processing at our HUB at Roissy CDG ° Tailor-made services (Airport to Airport, Door to Airport, Airport to Door, Door to Door) ° Simplified procedures and rates ° Meteor

31. SDV International Logistics - january 2004 Among our references ° IBM ° Bull ° Atmel ° Allied Signal ° Dupont Electronics ° Honeywell ° Lexmark ° Alcatel ° Gemplus ° Hewlett & Packard ° High-Tech

32. SDV International Logistics - january 2004 We set the example in the fields of electronics, computer systems, telecommunications, and sensitive materials ° Specific management of the customs systems (SAV, MCO) and licenses (AIMG, dual-use items, etc.) ° Logistics services (inventory, picking, quantity-quality control, etc.) ° Control of triangular operations ° Protection and appropriate packing to suit means transport and types of blocking ° Express delivery, First Flight Out, chartering ° High-Tech

33. SDV International Logistics - january 2004 Going to a trade show in Dubai, Chicago or Shangai...SDV Expo goes there with you, anywhere in the world ° Counselling, time and cost constraints studies ° Customs and administrative formalities in France and abroad (temporary entry, customs deposits, ATA carnets) ° Implementation of the most appropriate transport mode (air, sea, and road) through the delivery to your display stand ° Specific services at site (unpacking, set-up, storage of empty containers, etc.) ° On site assistance for the set-up and removal of your exhibit ° Expo

34. SDV International Logistics - january 2004 ° Alstom ° Schneider electric ° Cnes ° Sagem ° Louis VUITTON ° Snecma ° Chambers of commerce ° Trade associations ° Total ° Air liquide ° Aventis ° Lyonnaise des eaux ° Technip ° St Gobain Among our references: ° Expo

35. SDV International Logistics - january 2004 A race against time ° Door-to-door service with guaranteed deadline ° Specific network covering 160 countries ° Simple rate structure ° Tracked shipments ° Systematic PODs Partnership with 3 operators ° UNIVERSAL EXPRESS (Africa and French Overseas) ° FEDERAL EXPRESS (East-West) ° TNT (Intra-Europe) ° Express

36. SDV International Logistics - january 2004 From organizing transport to piloting traffic ° An exhaustive list of services (storage, pick and pack, cross-docking, advanced warehouses, etc.) ° Handling of transport both upstream and downstream ° Development of personalised operations tools ° Industrial Logistics

37. SDV International Logistics - january 2004 OVERSEAS Hong-Kong Houston La Réunion Miami EUROPE 95 : Marseille (120 000 sq Ft) 97 : Montoir (40 000 sq Ft) 99 : Rouen (200 000 sq Ft) 2001 : Le Havre (200 000 sq Ft) 2002 : Marseille (200 000 sq Ft) ° Development of Our Facilities

38. SDV International Logistics - january 2004 A Internet tracing tool What it means to you: ° Real-time monitoring of information ° A total transparency for greater confidence ° Precise search criteria for your shipments ° A choice of languages ° Information Technologies

39. SDV International Logistics - january 2004 ISO 9002 & 9001 (BVQI) certified agencies A department staffed by 5 persons, based regionally, close to customers and to our operational structures Quantitative goals with management commitment Quality tools integrated into our operating software Monthly indicators aligned to our goals Monthly monitoring of air freight providers Personalized quality reporting based on your needs ° Our Quality Process

40. SDV International Logistics - january 2004 1 Delmas 2 CGM / CMA 3 MSC 4 Maersk 5 Marfret 6 Evergreen 7 Messina 8 DSR 9 Hanjin 10 CMB 1 2 3 4 5 6 7 8 9 ° Business Partners

41. SDV International Logistics - january 2004 ° Some of our major customer

42. SDV International Logistics - january 2004 ° SDV International Logistics