CARRERE GROUP

Carrere Group's turnover for 2006 amounts to 141.1 million euros, an increaseof 14.5%, confirming the organic growth initially expected.

In 2007, Carrere Group's strategy will concentrate on first the distribution,which has attained in 2007 an organic growth of more than 33%, and second onacquisitions or on the creation of newly formed companies that either producetelevision programming or broadcast a television channel.

As a result, the installation of a state-of-the-art and dynamic structurehas been decided with the creation of a full post-production site: image, soundand special effects. Indeed, the production for television and cinema is inconstant demand for a comprehensive post-production studio.

The group has invested 8 million euros for the creation of this industrialtool. These exceptional investments have been realised through the subsidiaryRiff, which is now controlled 67.5% by Carrere Group.

Unique post-production site, and the creation of new television channelslike “ Du coté de chez vous ”, which is a success, that isCarrere Group's new double challenge for 2007.