Fthr re Interim Results, etc

Compagnie de Saint-Gobain
21 September 2000


                           SAINT-GOBAIN

                SAINT-GOBAIN CONFIRMS ITS TARGET OF 15% GROWTH IN
          NET INCOME (WITHOUT CAPITAL GAINS) FOR THE FULL YEAR 2000

The Board of Directors of Saint-Gobain met on September 21, 2000 to review
the final consolidated financial statements of the Group for the six months
ended June 30, 2000. The main consolidated results, which are in line with the
estimates announced on July 27, are as follows:

                                   1st half 2000     1st half 1999      %

                                  EUR M     FF M     EUR M    FF M
Net sales                         13,782   90,404   10,957   71,873    25.8%
Operating Income                   1,401    9,190    1,115    7,314    25.7%
Dividend income                       22      144       31      204   -29.0%
Interest and other financial     
 charges, net                       (272)  (1,784)    (132)    (866)    -
Non-operating costs                  (63)    (413)     (85)    (558)  -25.9%
Income before profit on sale 
 of non-current assets and taxes   1,088    7,137      929    6,094    17.1%
Profit on sale of non-current 
 assets, net                         414    2,715      537    3,522   -22.9%
Provision for income taxes          (483)  (3,168)    (452)  (2,965)    6.9%
Amortization of goodwill             (97)    (636)     (65)   (426)    49.2%
(Share in net results of equity 
 investees)                           31      203       16     105     93.8%
Net income before minority 
 interests                           953    6,251      965   6,330     -1.2%
Minority interests                   (80)    (524)     (83)   (544)    -3.6%
Net income                           873    5,727      882   5,786     -1.0%
Earnings per share (in EUR, in FF) 10.41    68.29    10.14   66.53      2.7%
Net income excluding profit on
 sale of non-current assets          544    3,568      469   3,076     16.0%
Earnings per share before net 
 profit on sale of non-current 
 assets (in, in FF)                 6.49    42.57     5.39   35.36     20.4%
Cash flow from operations          1,339    8,783    1,126   7,386     18.9%
Capital expenditure                  779    5,110      673   4,415     15.8%
Investments in securities          2,242   14,707    1,845  12,102     21.5%
Net Indebtedness                   8,421   55,238    5,873  38,524     43.4%


The Board of Directors also reviewed the financial statements of Compagnie de
Saint-Gobain, the parent, company of the Group, which operates as a holding 
company.  These financial statements show net income of EUR 551 million for the
first six months of 2000, compared with  EUR 513 million for the same period of
1999.

Outlook 
Sales are at a satisfactory level across all businesses and rising oil prices
are having a limited impact on income. The Saint-Gobain  Group is therefore
holding firm to its target of 15% growth in earnings per share excluding capital
gains over the full year, to which will be added the accretive impact of
cancelling 5% of the share capital.

Appendix 1: Results by business sector and by division
Appendix 2: Consolidated results, with Essilor accounted for by the equity      
           method.

September 21, 2000.



         APPENDIX 1: RESULTS BY BUSINESS SECTOR, DIVISION and GEOGRAPHIC AREA
                             (in millions of Euros)

                                                     Change       Change on a 
                                                     on an        comparable
I. SALES                        H1 1999   H1 2000    actual       structure and
                                                     structure    currency
                                                     basis        basis
                                                
GLASS(1)                         4,959     5,519      11.3%         5.1%
Flat Glass                       1,808     2,055      13.7%         9.4%
Insulation & Reinforcements      1,347     1,548      14.9%         6.2%
Containers                       1,808     1,921       6.3%        -0.1%

HIGH-PERFORMANCE MATERIALS & 
 PLASTICS(1)                     2,205     2,996      35.9%         8.0%
Ceramics & High Performance 
 Plastics and Abrasives          1,383     2,018      45.9%         8.1%
Essilor                            822       978      19.0%         7.8%
HOUSING PRODUCTS(1)              3,865     5,343      38.2%        10.5%
Building materials               1,229     1,527      24.2%         9.3%
Building distribution            1,970     3,028      53.7%        12.0%
Pipe                               744       882      18.5%         9.8%
INTERNAL SALES                     -72       -76       5.6%         n.a.
GROUP                           10,957    13,782      25.8%         7.6%

MAIN GEOGRAPHIC AREAS
France                           3,767     4,313      14.5%        10.7%
Other European Countries         3,553     4,707      32.5%         6.2%
North America                    2,494     3,356      34.6%         3.9%
Rest of the world                  686       957      39.5%        17.8%
ESSILOR                            822       978     +19.0%         7.8%
                                                                    
INTERNAL SALES                    -365      -529      44.9%         n.a.
GROUP                           10,957    13,782      25.8%         7.6%


(1) including inter-divisions eliminations

II. OPERATING INCOME           H1 1999      H1 2000    Change on an
                                                        actual structure
                                                            basis

GLASS                             510           589         15.5%
Flat Glass                        152           192         26.3%
Insulation & Reinforcements       160           199         24.4%
Containers                        198           198          0.0%
HIGH-PERFORMANCE MATERIALS 
 & PLASTICS                       278           399         43.5%
Ceramics & High Performance 
Plastics and Abrasives            170           269         58.2%
Essilor                           108           130         20.4%
HOUSING PRODUCTS                  330           408         23.6%
Building Materials                149           152          2.0%
Building Distribution             117           192         64.1%
Pipe                               64            64
INTERNAL SALES                     -3             5         n.a.
GROUP                           1,115         1,401         25.7%

MAIN GEOGRAPHIC AREAS
France                            340           425         25.0%
Other European Countries          290           359         23.8%
North America                     301           390         29.6%
Rest of the world                  76            97         27.6%
ESSILOR                           108           130         20.4%
GROUP                           1,115         1,401         25.7%


III. CASH FLOW                   H1 1999      H1 2000       Change on an
                                                          actual structure
                                                              basis
GLASS                              617             687      11.3%
Flat Glass                         193             230      19.2%
Insulation & Reinforcements        180             215      19.4%
Containers                         244             242      -0.8%
HIGH-PERFORMANCE MATERIALS & 
  PLASTICS                         270             348      28.9%
Ceramics & High Performance 
 Plastic and Abrasives             159             224      40.9%
Essilor                            111             124      11.7%
HOUSING PRODUCTS                   366             350      -1.6%
Building Materials                 168             149     -11.3%
Building Distribution              115             144      25.2%
Pipe                                83              67     -19.3%
INTERNAL SALES                    -128             -56       n.a.
GROUP                            1,125           1,339      19.0%

MAIN GEOGRAPHIC AREAS
France                             210             316      50.5%
Other European Countries           388             423       9.0%
North America                      280             341      21.8%
Rest of the world                  136             135      -0.7%
ESSILOR                            111             124      11.7%
GROUP                            1,125           1,339      19.0%


IV CAPITAL EXPENDITURE  ON PLANT & EQUIPMENT

                                                          Change on an
                                 H1 1999        H1 2000  actual structure
                                                            basic
GLASS                              410            430         4.9%
Flat Glass                         166            189        13.9%
Insulation & Reinforcements        127            136         7.1%
Containers                         117            105       -10.3%
HIGH-PERFORMANCE MATERIALS & 
  PLASTICS                         102            170        66.7%
Ceramics & High Performance 
 Plastics and Abrasives             48             86        79.2%
Essilor                             54             84        33.3%
HOUSING PRODUCTS                   160            178        11.3%
Building materials                  70             66        -5.7%
Building Distribution               62             87        40.3%
Pipe                                28             25       -10.7%
INTERNAL SALES                       1              1         n.a.  
GROUP                              673            779        15.8%

MAIN GEOGRAPHIC AREAS
France                             132            166        25.8% 
Other European Countries           279            231       -17.2%
North America                      152            158         3.9%
Rest of the world                   56            140       150.0%
ESSILOR                             54             84        55.6%
GROUP                              673            779        15.8%



APPENDIX 2.

PRO FORMA KEY CONSOLIDATED FIGURES FOR THE FIRST HALFS 1999 AND 2000 WITH
ESSILOR ACCOUNTED FOR BY THE EQUITY METHOD

                                   H1 2000         H1 1999           Change (%)
                              M. Euros  M. Francs  M.Euros  M.Francs
                   
Sales                         12,804     83,989    10,135   66,481      26.3%
Operating Income               1,271      8,337     1,007    6,605      26.2%
Dividend income                   22        144        31      203     -29.0%
Interest and other financial 
   charges, net                 -254     -1,666      -118    -774      115.3%
Non-operating costs              -62       -406       -83    -544      -25.3%
Income before tax & before 
profit on sale of non-current 
 assets                          977      6,409       837    5,490      16.7%
Profit on sale of non-current
Assets                           414      2,715       538    3,529     -23.0%
Income taxes                    -450     -2,952      -427   -2,801       5.4%
Amortization of goodwill         -86       -564       -55     -360      56.4%
Group's share in net results
Of associated companies           50        328        34      223      47.1%
Net Income from consolidated 
 Subsidiaries                    905      5,936       927    6,081      -2.4%
Minority interests               -32       -209       -45     -295     -28.9%
Net Income                       873      5,727       882    5,786      -1.0%
Earnings per share 
 (In euro and FF)              10.41      68.29     10.14    66.53       2.7%
Net Income excluding capital 
  gains                          544      3,568       469    3,076      16.0%
Cash flow from operations      1,226      8,042     1,025    6,724      19.6%
Capital expenditure on plant 
 and equipment                   695      4,559       619    4,060      12.3%
Investments in securities      2,170     14,234     1,808   11,860      20.0%
Net indebtedness               8,421     55,238     5,649   37,055      49.1%





APPENDIX A.

PRO FORMA KEY CONSOLIDATED FIGURES FOR 1999 (COMPARED TO 1998)
WITH ESSILOR ACCOUNTED FOR BY THE EQUITY METHOD

                                  1999              1998             Change (%)
                              M. Euros  M. Francs M. Euros M.Francs
                   
Sales                         21,290    139,653    17,821  116,898      19.5%
Operating Income               2,085     13,677     1,776   11,650      17.4%
Dividend income                   26        171        58      380     -55.2%
Interest and other financial 
   charges, net                 -298     -1,955      -300   -1,968      -0.7%
Non-operating costs             -185     -1,214      -141     -925      31.2%
Income before tax & before 
Profit on sale of non-current 
 assets                        1,628     10,679     1,393    9,137      16.9%
Profit on sale of non-current
Assets                           457      2,998       394    2,584      16.0%
Income taxes                    -725     -4,756      -589   -3,864      23.1%
Amortization of goodwill        -122       -800      -102     -669      19.6%
Group's share in net results
Of associated companies           67        439        86      564      -22.1%
Net Income from consolidated 
 Subsidiaries                  1,305      8,560     1,182    7,753       10.4%
Minority interests               -79       -518       -85     -558       -7.1%
Net Income                     1,226      8,042     1,097    7,196       11.8%
Earnings per share 
 (In euro and FF)              14.05      92.16     12.15    79.69       15.6%
Net Income excluding capital 
  gains                          883      5,792       790    5,182       11.8%
Cash flow from operations      2,131     13,978     1,912   12,542       11.5%
Capital expenditure on plant 
 and equipment                 1,583     10,384     1,288    8,449       22.9%
Investments in securities      2,436     15,979     2,075   15,914       17.4%
Net indebtedness               6,142     40,289     3,886   25,490       58.1%


APPENDIX B
PRO FORMA KEY CONSOLIDATED FIGURES FOR THE SECOND HALF 1999
(COMPARED TO THE SECOND HALF 1998)
WITH ESSILOR ACCOUNTED FOR BY THE EQUITY METHOD

                                 S2 1999              S2 1998           Change
                              M. Euros M. Francs    M Euros M.Francs      %
                           
Sales                          11,155    73,172      9,026   59,207     23.6%
Operating Income                1,078     7,071        897    5,884     20.2%
Dividend income                    -5       -33          9       59      n.a.
Interest and other financial 
  charges, net                   -180     -1181       -158   -1,036     13.9%
Non-operating costs              -102      -669        -84     -551     21.4%
Income before tax & profit on 
 sale of non-current assets       791     5,189        664    4,356     19.1%
Profit on sale of non-current 
   Assets                         -80      -525        257    1,686      n.a.
Income taxes                     -298    -1,955       -302   -1,981     -1.3%
Amortization of goodwill          -67      -439        -52     -341     28.8%
Group's share in net results of 
 associated companies              33       216         43      282    -23.3%
Net Income from consolidated 
  subsidiaries                    379     2,486        610    4,001    -37.9%
Minority interests                -34      -223        -39     -256    -12.8%
Net Income                        345     2,263        571    3,746    -39.6%
Earnings per share 
 (in euro and FF)                3.95     92.16       6.32    79.69    -37.5%
Net income excluding capital 
   gains                          414     2,716        367    2,407     12.8%
Cash flow from operations       1,106     7,255        921    6,041     20.1%
Capital expenditure on plant 
  and equipment                   964     6,323        725    4,756     33.0%
Investments in securities         628     4,119      1,498   12,129    -58.1%
Net indebtedness                  493     3,234        587    3,850    -16.0%