List of issues to be redenominated at the request of investors and as agreed with them

The treasury bond programme ("billets de trésorerie" programme)
The commercial paper programme
The BMTN and EMTN programmes
Two operations in Euroland currencies:

- the "step-up puttable" issue of FRF2.635 billion maturing December, 17th 2008
- the "step-up puttable" issue of DEM500 million maturing January, 7th 2009

Holders who wish to convert their bonds should contact their financial intermediary or CADES directly.

Remark : the NLG3 billion issue maturing July, 29th 2004 carries no redenomination clause, and as it is paper-backed, there are no plans at present to redenominate the issue into euro.