Board of Directors

at 31 decembers 2007

Sidney CABESSA

Chairman and CEO, CIC Finance

Dominique PILLERAULT

Secretary of the Board

Mario COLAIACOVO

Member of the Supervisory Board, Safran

Michel DIDIER

CEO, Rexecode group

Philippe DUVAL

Chairman of the Executive Board, Tereos group

Antoine JARMAK

Chairman of the Board, CIC - Banque de Vizille

Jean LACAZE

Director of major corporate accounts, CM-CIC Group

Philippe LAUDREN

Administrative head of CIC Subsidiaries and Equity Investments

François LEMARCHAND

Chairman and CEO, Nature & Découvertes

Michel LUCAS

Chairman of the Executive Board, CM-CIC Group

Gérard ROMEDENNE

Chairman and CEO, Banque Scalbert Dupont - CIN

Alain SCHMITTER

CEO, ACM Vie and SOCAPI

Jean-Jacques TAMBURINI

Chairman of CIC Société Bordelaise and member of the CIC Executive Board

Pierre TIERS

CEO of IPO (Institut de Participations de l’Ouest)

CIC Finance, a subsidiary of the CM-CIC group