STORE ELECTRONIC SYSTEMS (SES)

• Third quarter:
  • Turnover Q3 increasing by 43.8 %
  • 127 orders recorded, up 55 %

• Jan – Sept 2007:
  • 42.3 % increase in turnover over 9 months
  • Export sales growing by 150 %
  • As of today, the Company has equipped a total of 1646 stores in 83 networks (13 new networks in 2007), over 21 countries (4 new countries in 2007)

MEETING OF THE BOARD OF DIRECTORS, NOVEMBER 14 2007

• Mr Yves Martin appointed Chairman of the Board & Chief Executive Officer (Président Directeur Général). Mr Philippe Catteau remains a shareholder, Director and a full time senior executive of SES
• « Contrat de liquidité » signed as part of the stock repurchase program approved by the Shareholders Meeting ; it is designed to provide liquidity on the stock market
• Third quarter 2007

Turnover:

During the third quarter 2007 Store Electronic Systems has delivered 105 stores generating sales of 9 010 K€, an increase of 43.8 % over Q3 2006; 74 % of turnover is due to equipment of new stores, and 25 % is recurrent business (maintenance, reorder).

In France the Company has continued to perform roll-outs with its core clients. SES has started implementing the exclusive supplier agreement with Systeme U, following the competitive bid won last July; it has also equipped the Auchan store in Poitiers (state of the art hypermarket).
Export sales exhibit major growth (+179.8 %) due to continuation of the roll-out on the American continent and the equipment of the first store in new networks; as a consequence, the Company has entered 3 new countries during Q3.

Orders:

During Q3 2007 SES has registered 127 orders, up 55 % vs. Q3 2006.

In France the Company has experienced an increase in the growth rate of orders, in part due to the Système U agreement. Abroad, it should be noted that the orders originate from 9 countries and 16 different store networks, thereby illustrating the significant growth potential for SES.

Jan - Sept 2007

Turnover:

Over a 9 months period Store Electronic Systems has delivered 345 stores generating sales of 29 165 K€, an increase of 42.3 % over the same period in 2006; 73 % of turnover is due to equipment of new stores, and 27 % is recurrent business (maintenance, reorder).

Export sales show a sharp increase (+150.1 %), accounting for 28.1 % of total turnover against 16% over the same period in 2006. At present, SES has equipped stores in 21 countries over 3 continents.

Orders :

Over a 9 months period the Company has booked 402 new orders, up 55.8 % over the same period last year. Export markets show an increase of 132.7 %.

Meeting of the Board of Directors, November 14 2007

Mr Philippe Catteau has resigned from his position of Chairman of the Board & C.E.O, due to health reasons; he has recommended his replacement by Mr Yves Martin who had been recruited in May, with that purpose in mind.
Mr Yves Martin was appointed Chairman & C.E.O, by a unanimous decision of the Board.
Mr Philippe Catteau remains a shareholder and a Director of SES; he also remains a full time senior executive of the Company, closely involved in its strategy and the management of key accounts.

As part of the stock repurchase program approved by the Shareholders Meeting, SES has entered into a “contrat de liquidité” designed to provide liquidity on the stock market.

Outlook:

In answering a question by the Board of Directors regarding the outlook for the Company, Philippe Catteau declared: « 2007 demonstrates our ability to grow rapidly in a market with major potential; our results on export markets came as a confirmation of our strategy and the feasibility of an ambitious business plan. The EBIT 2007 will be well above the objective, further improving our excellent financial situation. Our Company is in an ideal position; there is no doubt in my mind that the successes will result in major value creation for our shareholders”.

Q4 turnover will be published on February 14, 2008.

About Store Electronic Systems

Store Electronic Systems is a leader in Electronic Shelf Labelling systems for large-scale food and non-food retailers. The global market for this reliable, high added-value product offers strong potential, with equipment currently being rolled out worldwide.

Store Electronic Systems is listed on the Eurolist market – Compartment C- on the EuronextTM stock exchange in Paris.
Mnemonic: SESL
ISIN Code: FR0010282822 - Reuters : SESL.PA – Bloomberg: SESL.FP
www.ses-esl.com
www.store-electronic-systems.com