2007 - April

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3.0 Notes to the statutory financial statements of APRIL GROUP SA for the year ended December 31 st , 2007 Note 3. Equity securities DETAILED INFORMATION ON EACH SUBSIDIARY AND EQUITY INTEREST FOR WHICH THE VALUE EXCEEDS 1% OF THE CAPITAL OF THE COMPANY SUBJECT TO DISCLOSURE (in thousand euros) CAPITAL SHAREHOLDER’S EQUITY OTHER THAN CAPITAL SHARE IN CAPITAL HELD (%) EARN IN GS (PROFIT OR LOSS FROM LAST YEAR ENDED) Subsidiaries (held at +50%) AXERIA IARD 13,000 19,055 100% 11,005 AXERIA INSURANCE COMPANY 4,772 352 100% 42 SOLUCIA PROTECTION JURIDIQUE 7,600 -311 100% -189 FORUM FINANCES 2,212 -3,038 100% -48 APRIL GROUP VIE ÉPARGNE 20,037 -391 100% -31 APRIL NORTH AMERICA 1,906 -62 69.9% -61 APRIL GROUP DOMMAGES PARTICULIERS 82,919 2,109 100% 4,626 AXERIA PRÉVOYANCE 21,000 20,315 100% 10,165 APRIL GROUP PRÉVOYANCE INDIVIDUELLE 501 28,127 100% 74,368 APRIL GROUP CORPORATE 50,083 5,900 100% -1,611 APRIL MEDITERRANEAN LIMITED 12,500 12,500 100% 0 GENERAL INFORMATION ON ALL SUBSIDIARIES AND EQUITY INTERESTS (in thousand euros) FRENCH SUBSIDIARIES FOREIGN SUBSIDIARIES FRENCH EQUITY INTEREST FOREIGN EQUITY INTEREST Book value of securities held: Gross: 211,889 18,930 7 Net: 210,400 18,930 7 Loans and advances granted: Gross: 34,253 Net: 33,475 Deposits and guarantees given Total dividends received 94,246 159 Return to the contents section
3.0 Notes to the statutory financial statements of APRIL GROUP SA for the year ended December 31 st , 2007 Note 4. Treasury stock and warrants Note 5. Receivables and payables 4.1. Treasury stock In accordance with the authorization granted at the General Meeting on April 27 th , 2007, APRIL GROUP SA has continued rolling out its share buyback program. In this way, APRIL GROUP bought back 132,708 shares for a total of 5.443 thousand euros, and sold off 149,216 for a total of 5,844 thousand euros. Income from these disposals came to - 11 thousand euros, recorded under other financial income. At December 31 st , 2007, the company held 155,067 shares, with 22,117 allocated under the registered dealer’s agreement and recorded under marketable securities, and 132,950 allocated for a buyback program in connection with an external growth operation and recorded under long-term financial investments and treasury stock. The shares allocated for the external growth operation are expected to be settled in 2007. 4.2. Warrants In accordance with the Executive Board’s decisions on April 26 th 2006, validated by the Supervisory Board on April 26 th 2006, 287,000 warrants were granted to employees or managers from APRIL GROUP SA or its subsidiaries (exercise price: 40.56 €). 630,688 warrants were still available for exercising at the end of 2007. ACCOUNTS RECEIVABLE (In thousand euros) Gross Up to 1 year Over 1 year Advances and deposits paid on orders 212 212 Other trade receivables 42 42 Group and partners 5,524 5,524 Other receivables 448 448 Pre-booked expenses 117 117 GENERAL TOTAL 6,343 6,343 Accounts receivable in relation to other Group companies came to a total of 6,801 thousand euros primarily corresponding to tax receivables due by companies that are members of the tax consolidation group. DEBT POSITION (In thousand euros) Gross Up to 1 year Over 1 year Equity interest-related liabilities 30,000 30,000 Bank borrowings - Trade payables and related 531 531 Tax and social security-related liabilities 1,156 1,156 Group and partners 610 610 Other liabilities 83 83 Pre-booked income - GENERAL TOTAL 32,380 2,380 30,000 160 Return to the contents section
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5.0 Corporate 5.0 Governance Govern
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5.0 Corporate Governance The Invest
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5.0 Corporate Governance APRIL Nort
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5.0 Corporate Governance LA FRANCAI
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5.0 Corporate Governance MADECO A M
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6.0 developements and outlook Recen
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1.0 Management report report Manage
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1.0 Management report All of the in
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Property Heath and Life and savings
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1.0 Management report Lastly, he wo
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1.0 Management report Interest rate
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1.0 Management report In addition,
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1.0 Management report 10. Employee
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1.0 Management report 2. List of al
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1.0 Management report APRIL Solutio
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1.0 Management report Jean-Yves NOU
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1.0 Management report APRIL MOBILIT
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1.0 Management report Cercle des é
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03 P. financial statements financia
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Page 181 and 182: 7.0 Index of headings INFORMATIONS
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2007 - April

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