Revolving credit facility

Compagnie de Saint-Gobain
29 November 2002




press release

                         Compagnie de Saint-Gobain signs
                     a EUR1.2 billion revolving credit facility


Compagnie de Saint-Gobain announces that the syndication of its EUR1.0 billion
5-year syndicated loan Facility has been closed successfully. The
transaction was well oversubscribed allowing Saint-Gobain to increase the size
of the Facility to EUR1.2 billion. The Facility was signed on November 28, 2002.


The purpose of the Facility is to refinance the existing $1.0 billion syndicated
facility arranged in April 1996 and maturing in April 2003. The Facility will be
used for Commercial Paper backstop and general financing purposes. The Facility
is expected to remain undrawn and will provide the Saint-Gobain Group with an
increased reserve of liquidity for the next 5 years.


The Facility has been supported by a strong group of 19 international banks,
underlying Saint-Gobain's appeal in the debt capital markets. This support also
reflects Saint-Gobain sound financial structure and its ability to generate an
important and regular cash flow.


BNP Paribas, Credit Lyonnais, and JPMorgan were appointed as Mandated Lead
Arrangers. BNP Paribas and JPMorgan acted as Joint-Bookrunner. Credit Lyonnais
acted as Documentation and Facility Agent.


November 28, 2002


                         Investor Relations Department


Tel. : Florence TRIOU-TEIXEIRA        [phone] - mailto : [e-mail]
Tel. : Claire MOSES                   [phone] - mailto : [e-mail]
                                      Fax : [phone]

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