Lapeyre Interim Sales Report

Compagnie de Saint-Gobain
25 July 2001


                      Refocusing on Consumers and Craftsmen (B2C)

                            Estimated 2001 Interim Results:
                            - Sales up 16.2%
                            - Consolidated net Income before exceptional items  
                              up 4.1%

At the meeting of the Groupe Lapeyre Supervisory Board on July 25, 2001, the
Executive Board recommended that the Group's operations be refocused on its
consumers and craftsmen (B2C) business and that its resources now be devoted to
developing its sales networks in France and abroad.

The Supervisory Board authorised the Executive Board to pursue this strategy and
to implement the requisite employee-related, legal and financial procedures to
find possible buyers for the Group's B2B companies, which sell to wholesalers
and building materials suppliers in France and other European countries.

The Supervisory Board also reviewed the estimated consolidated financial results
for the six months ended June 30, 2001.

INTERIM SALES UP 16.2%

Consolidated sales increased by a reported 16.2% in the first half of 2001, At
comparable scope of consolidation, sales to consumers and craftsmen (B2C) rose
by 9.4%, while sales to wholesalers and building materials suppliers (B2B)
declined by 12.9%.

              Sales by Business in EUR millions     June 30,   June 30, % change
                                                       2001       2000

Sales to consumers and craftsmen (B2C)                567.4     453,6     25.1%
* France                                              481.9     437.2     10.2%
* International                                        85.5      16.4      NM
Sales to wholesalers and building materials 
     suppliers (B2B)                                  150.1     163.9     -8.4%
* France                                               99.5     102.6     -2.9%
* Europe                                               50.6      61.3   - 17.5%

Total Groupe Lapeyre                                  717.5     617.5     16.2%

B2C sales continued to trend upward in France, increasing more than 10% over
first-half 2000, when sales were especially robust due to strong demand
following the December 1999 storms and the reduction in the VAT rate to 5.5%.

In international markets, the two new retail subsidiaries- Telhanorte in Brazil
and Lapeyre Polska in Poland - reported sales in line with forecasts.

However, sales to wholesalers and building materials suppliers in Europe
declined again, dropping 17.5% due to persistently unfavorable conditions in
Germany and Poland.

ESTIMATED INTERIM FINANCIAL RESULTS

             in EUR millions                     June 30,    June 30,   % change
                                                    2001        2000

Sales                                              717.5       617.5      16.2%
Operating income                                    65.9        61.8       6.6%
Net income before exceptional items                 32.7        31.4       4.1%
Exceptional items                                  (66.9)       (0.3)       NM
Consolidated net income                            (34.0)       31.3        NM

In France, all businesses reported growth in operating income in line with sales
growth. In Germany and Poland, however, declining sales weighed heavily on
earnings, resulting in an operating loss of EUR 7.4 million for the period.

Nonetheless, total operating income increased by 6.6% and net income, excluding
exceptional items, rose by 4.1% to EUR 32.7 million.

As part of the Group's refocusing process, the fair value of the fixed assets in
the B2B businesses was appraised in preparation for their sale, resulting in an
exceptional write-off of EUR 66.9 million.

Consequently, the Group reported a consolidated net loss of EUR 34 million. Cash
flow amounted to EUR 60.8 million, working capital represented 49 days of sales,
and net debt totaled EUR 51.6 million.

Lapeyre - Investor Relations 
Patrick Mallet
Tel:[phone] 
Fax:[phone] 
email: Patrick. [e-mail]