2005 H1 Sales

Lagardere S.C.A.
27 July 2005




                   LAGARDERE SCA 2005 FIRST-HALF REVENUES:
                          UP 8.1% ON A REPORTED BASIS

            LAGARDERE MEDIA POSTS GROWTH OF 6.6% ON A REPORTED BASIS
                     AND 2.8% ON A LIKE-FOR-LIKE BASIS (*)


In the first half of 2005, Lagardere Media revenues advanced by 6.6% on a
reported basis. The reported figure was boosted by the consolidation of the
activities of Hodder Headline, which lifted first-half revenues by €106.2m. The
rise in the average exchange rate of the euro against the dollar had a
negligible impact on first-half revenues.


Lagardere Media revenues rose by 2.8% on a like-for-like basis(*) in the first
half of 2005.


Highlights of the second quarter of 2005 were:

•   Books - Another excellent performance by Hachette Livre, despite
    the expected slowdown in General Literature sales.

•   Press - A good quarter, offsetting the negative effect of
    publication date timings in the early part of the year.

•   Distribution Services - Better growth rate despite continuing
    tough comparatives in Spain.

•   Lagardere Active - A good quarter, with a slowdown in TV
    Production (after an exceptional start to the year) and Radio, solid growth
    for theme channels, and very strong advances for the Broadband business.



LAGARDERE SCA consolidated revenues (including EADS, up 10.4%), increased by
8.1% in the first half of 2005 to €6,152.1m.




                                                 Revenues (€m)                 Year-on-year    Year-on-year
                                        H1 2005               H1 2004             growth     growth (restated,
                                                                                (reported)    like-for-like)
                                                          (IFRS proforma)                           (*)

. LAGARDERE MEDIA                             3,734.5                 3,501.9           6.6%              2.8%

-          Books                                719.7                   574.7          25.2%              7.2%

-          Press                                909.5                   907.9           0.2%              0.6%

-          Distribution Services              1,799.3                 1,751.5           2.7%              1.2%

-          Lagardere Active                     306.0                   267.8          14.3%             12.2%

. EADS                                        2,417.6                 2,190.3         10.4%               N/A

LAGARDERE SCA                                 6,152.1                 5,692.2          8.1%               N/A


 (*) excluding changes in group structure and the impact of exchange rates

N/A: not available





LAGARDERE MEDIA


Revenue growth for the 'Lagardere Media' business was 2.8% after excluding
changes in group structure.


•   Hachette Livre

Hachette Livre includes revenues generated by the British publisher Hodder
Headline, which contributed €106.2m of sales during the first half of 2005.

On a like-for-like basis, revenues to end June 2005 rose by 7.2% (25.2% on a
reported basis), slightly down on the first-quarter growth figure of 8.7%.

The main trends in the second quarter of 2005 were as follows:

•   As expected, growth in General Literature slowed down as
the Dan Brown effect ('Da Vinci Code' & 'Angel & Demons') eased, but was
nonetheless highly satisfactory. Among the best selling titles (other than Dan
Brown books) were 'Traite d'atheologie' by M. Onfray, 'Le sourire aux larmes' by
J.-P. Foucault, and the latest Umberto Eco, 'La mysterieuse flamme de la reine
Loana'.

•   Part-works saw a further strong rise in sales.

Other activities achieved growth slightly ahead of the market rate, especially
in France.


•   Hachette Filipacchi Medias

Hachette Filipacchi Medias is facing tough market conditions, keeping
like-for-like basis growth down to 0.6% (0.2% on a reported basis) over the
first half.

However, the division saw a slight uptrend between March and end June 2005,
concentrated in the final month: to end March 2005, sales fell by 2.5% on a
like-for-like basis.

Second-quarter sales in France showed an improvement relative to the first
quarter, but with a mixed picture:

•   Confirmation of the success of the new magazines 'Choc!' and 'Public', 
    which shows no signs of weakening despite the launch of rival titles

•   Decline at 'Tele7Jours' stemmed

•   Strong growth for 'Elle', 'Paris Match', 'Psychologies' and 'Entrevue'

•   Sluggish performance by the other titles



Sales in the United States picked up in the second quarter, compensating for the
weak first quarter.

The situation in Italy, previously challenging, is now stabilizing, but growth
remains negative.

Japanese sales continue to disappoint, but the group's Russian and Chinese
subsidiaries are posting substantial growth.


•   Hachette Distribution Services


Hachette Distribution Services posted 1.2% like-for-like growth in the first
half (2.7% on a reported basis), an improvement on the first-quarter figure
(0.4% like-for-like).

This modest growth rate is still largely due to very tough comparatives for the
Spanish business, which achieved organic growth of over 20% in the first half of
2004.

Outside Spain, sales remained at satisfactory levels in the second quarter.
Growth was driven by a recovery in air travel, and operations located in Eastern
Europe and Australia saw above-average growth.

The continuing decline in CD sales affected Virgin.

•   Lagardere Active

Lagardere Active revenues have shown strong growth since the start of the year,
rising by 12.2% on a like-for-like basis and 14.3% on a reported basis. However,
the rate of growth slowed relative to the first quarter (19.1% like-for-like),
as TV Production returned to a recurring growth rate after the first-quarter
spike.

The main divisional trends in the first six months of the year were as follows:

Radio - Slight decline of 1.1%, concentrated in the second quarter (3.9% growth
in the first quarter), due to tough comparatives and a slowdown in the market.
Europe 2 is affected by weakening audience figures.

Television - TV Production returned to its recurring (and satisfactory) growth
rate in the second quarter. This followed an exceptional first quarter, with
billings up 62%. Over the first half as a whole, revenue growth was nonetheless
a robust 30.5%. The theme channels again reported significant growth (10%, after
11% in the first quarter).

Lagardere Active Broadband - Penetration has increased again, with like for like
sales up 25%.

•   Outlook

The strong growth achieved by the Books division should not be extrapolated over
the year as a whole. Education sales are second half weighted, and should be
impacted by the lack of major curriculum changes.

For the Press division, the advertising market is still tough, and at this stage
offers little hope of a marked improvement in the second half.

In Distribution, the effect of the tough comparatives in Spain should fade in
the second half.

For Lagardere Active, visibility remains poor in Radio. The performance of the
TV Production business is still subject to uncertainty on the timing of
billings, though the underlying trend remains favorable. Theme channels are set
for a good year.


Overall, the 2005 first-half performance confirms our prudent stance for 2005 as
a whole, after a very good 2004. It also validates our guidance on growth in
Recurring EBIT before Associates for the Media business (including Hodder
Headline), which we expect to be in the '4%-8%' range already announced, based
on the same parameters:

•   euro/dollar exchange rate of 1.30

•   excluding the impact of stock options

•   excluding the impact of investment costs related to Digital Terrestrial 
    Television



EADS

The figure shown on the 'EADS' line represents 15.09% of the revenues generated
by EADS (versus 15.04% in 2004).

EADS reported a 10.4% increase in consolidated revenues in the first half of
2005 relative to the same period of 2004. All divisions recorded growth. Airbus
benefited from the recovery in the aeronautics cycle, making 189 deliveries,
compared with 161 in the same period of 2004. Growth for the other divisions was
largely driven by progress on current major defense programs: the A400M military
transport aircraft, the Eurofighter combat aircraft, and the NH90 and Tigre
military helicopters. The Space division was boosted by accelerated production
on the Ariane5 launcher program.


Note: transition to IFRS

The figures provided above were prepared under International Financial Reporting
Standards (IFRS). The 2004 financial statements as restated under IFRS for
comparative purposes were unveiled at a presentation on May 17, 2005.

Since February 1, 2005, investors have been able to access currently-available
information on the impact of first-time adoption of IFRS by viewing a
presentation posted in the 'Financial Information' section of our website: http:
//www.lagardere.com/us.



Paris, July 27, 2005




   The Lagardere group is a market leader in the media sector (books, press,
  audiovisual, and distribution/retailing of cultural products), and also has
      interests in the high technology sector via a 15.09% stake in EADS.

 The group posted revenues of €12,296m in 2004, and employs 43,000 people in
                               over 40 countries.

    The Lagardere group is listed on the Premier Marche of the Paris Bourse.





Press Contacts
Thierry Funck-Brentano          tel. [phone]   [e-mail]
Arnaud Molinie                  tel. [phone]   [e-mail]



Investor Relations Contact
Laurent Carozzi                 tel. [phone]   [e-mail]


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