Paris – November 14, 2005 – Club Méditerranée announced today that it has mandated CA Cheuvreux to implement a liquidity contract concerning its shares.
The contract complies with the Business Ethics Charter of the French Association of Investment Firms (AFEI), as approved by France’s Autorité des Marchés Financiers on March 22, 2005. It will take effect as from November 15, 2005 for a period of one year, with tacit renewal. Club Méditerranée has allocated €2 million to the liquidity account for the purpose of the contract, which is designed to support the share buyback program approved by shareholders at the Annual and Extraordinary Meeting of March 16, 2005.
The objective is to reduce excessive volatility in the Club Méditerranée share price and to widen the market for the share.
Press: Thierry Orsoni Phone: +33 1 53 35 31 29
Financial Analysts: Caroline Bruel Phone: +33 1 53 35 30 75