3rd Quarter Results

Lagardere S.C.A.
09 November 2005



              LAGARDERE SCA CONSOLIDATED REVENUES FOR 9 MONTHS TO
                 SEPTEMBER 30, 2005 UP 7.4% ON A REPORTED BASIS


           REVENUES FROM MEDIA ACTIVITIES UP 6.1% ON A REPORTED BASIS
                      AND 2.5% ON A LIKE-FOR-LIKE BASIS(*)


In the first 9 months of 2005, revenues from media activities rose by 6.1% on a
reported basis. The reported figure was boosted by the consolidation of the
activities of Hodder Headline, which lifted 9-month revenues by €176m. On a
like-for-like basis, revenues rose by 2.5%.


Highlights of the third quarter of 2005:
     
•    Books - Quarterly revenues stable, as expected, on very tough comparatives 
     in Literature and Part-Works and at Larousse, and weak sales growth in 
     Education.

•    Press - Sales held steady thanks to new launches and resilience in magazine 
     advertising revenues, despite a deterioration in market conditions for 
     traditional advertising media.

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

•    Lagardere Active - Very good quarter across all businesses.


LAGARDERE SCA consolidated revenues, including EADS (up 9.7%), were 7.4% higher
in the 9 months to September 30, 2005 at €9,336.3m


                                               Revenues (€m)                 Year-on-year     Year-on-year
                                    2005: 9 months       2004: 9 months         growth      growth (restated,
                                                        (IFRS pro forma)      (reported)     like-for-like)
                                                                                                  (*)

. MEDIA ACTIVITIES                      5,798.1             5,464.7              6.1%             2.5%

     - Books                                  1,231.5              1,018.2            20.9%              4.1%
     - Press                                  1,368.6              1,368.1             0.0%              0.4%
     - Distribution Services                  2,767.2              2,702.0             2.4%              1.6%
     - Lagardere Active                         430.8                376.4            14.5%             12.5%

. EADS                                  3,538.2             3,226.6              9.7%              N/A

LAGARDERE SCA                           9,336.3             8,691.3              7.4%              N/A

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

N/A: not available



MEDIA ACTIVITIES

Media activities posted 2.5% revenue growth (excluding changes in group
structure).
     
•    Hachette Livre

Hachette Livre includes revenues generated by the British publisher Hodder
Headline, which contributed €176m of sales during the first 9 months of 2005.

On a like-for-like basis, revenues rose by 4.1% over the period (20.9% on a
reported basis), a lower pace of growth than for the first half of 2005 (7.2%).

The third quarter of 2005 was a transitional period affected by a non-recurring
tough comparative, and by the high level of seasonal sales in Education.

Key trends in the period were as follows:

     •    As expected, a marginal slowdown in growth in General Literature, 
          which faced a hard comparative. In addition, third-quarter sales are 
          usually slow pending announcements of literary prize-winners, which 
          are a key driver of sales in the final months of the year.

     •    Slower growth in part-work sales, due once again to an unflattering 
          2004 comparative.
          
     •    Larousse showed a decline in sales, failing to match the third quarter 
          of 2004 when the Petit Larousse enjoyed record sales on publication of 
          its 100th edition.

     •    Conversely, the rest of the Books division outperformed market growth.


•    Hachette Filipacchi Medias

Despite persistently sluggish market conditions and a 2.5% decline in
first-quarter revenues, Hachette Filipacchi Medias still achieved like-for-like
growth of 0.4% (0.0% on a reported basis) for the first 9 months of 2005,
compared with 0.6% in the first 6 months of the year.

French sales were stable over the quarter. Trends were similar to those of the
first half, in a tough advertising environment. New launches Choc ! and Public
show no signs of flagging despite the launch of rival titles, while sales of
Elle, Paris Match, Psychologies and Entrevue are proving resilient. However, the
group's other titles are being affected by the lackluster market.

Sales dipped slightly in the United States after a fine second quarter, mainly
due to the marked effect on quarterly figures of the loss of the custom
publishing contract in 2005. After stripping out the loss of this contract,
revenues were virtually unchanged. Weak advertising in the auto sector canceled
out fine performances from other publications (women's titles, house & home,
etc).

The turnaround in Italy continued, but growth remained negative.

Japanese sales were weak again, but sales for the Chinese and Russian
subsidiaries showed a very substantial increase.


  • Hachette Distribution Services

Hachette Distribution Services posted 1.6% like-for-like growth in the 9 months
to end September 2005 (2.4% on a reported basis), an improvement on the
first-half like-for-like figure of 1.2%.


Third quarter highlights:

     •    French sales were encouraging, and significantly up on the second 
          quarter. Aelia was helped by a recovery in air passenger traffic,
          though spend per passenger remains below historical levels.

     •    In Spain, revenue trends have stabilized thanks to a less challenging 
          comparative.

     •    Eastern Europe and Australia are still reporting above-average growth.

     •    The ongoing decline in CD and DVD sales depressed the top line at 
          Virgin.

     

  •  Lagardere Active

Lagardere Active revenues have risen sharply since the start of the year, by
12.5% like-for-like and by 14.5% on a reported basis. Nine-month growth was
ahead of the first-half figure (12.2% like-for-like).

All divisions enjoyed strong trading in the third quarter.

Key trends in the 9 months to end September 2005 were as follows:

Radio - Up 3.8%, with a strong third-quarter contribution, largely driven by
international radio channels in Eastern Europe (especially Russia, the Czech
Republic and Poland). Radio in France also enjoyed a good quarter in a tough
advertising market, with Europe 1 particularly buoyant.

Television - TV Production continued to impress, with 26.5% growth to end
September. Themed channels are still returning decent performances (up 6.7% over
the first 9 months of the year).

Lagardere Active Broadband - Very good performance, up 17.5% over the 9-month
period.

     
  •  Outlook

Books - The final quarter will be lifted by successes in the 2005 round of
literary prizes (Prix Goncourt, Prix Renaudot, Prix Interallie, Prix Decembre,
etc), and by strong sales of best-sellers (Jardin, Houellebecq, Asterix, etc).
International part-works sales and a fine performance in Education will also
help to counteract the effect of very challenging comparatives.

Press - At this stage, the persistently sluggish advertising market means that a
marked improvement in sales growth over the second half is unlikely. The low
level of advertising spend by the US auto sector is set to continue, but without
threatening Lagardere's earnings targets given the relatively low proportion of
car adverts in the division's revenue mix.

Distribution - We do not expect any marked improvement in market conditions. As
anticipated, earnings will return to growth in the second half.

Lagardere Active - Visibility is still poor in Radio, even though the business
is currently performing well. TV production is set for a flat fourth quarter,
with no major deliveries and a tough comparative.


Overall, the performance for the 9 months to end September 2005 confirms our
cautious full-year stance, 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 '5%-9%' 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 Digital Terrestrial Television investment 
          costs (approximately €8m)


EADS

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



The contribution to consolidated revenues from EADS for the 9 months to end
September rose by 9.7% (to €3,538.2m) versus the comparable period of 2004.
Growth was driven by increased Airbus deliveries (271 aircraft in the first 9
months of 2005, against 224 in the comparable period of 2004). Defense
activities also contributed to growth, with an overall advance of 15% over the
first 9 months of the year.


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 by Lagardere at a presentation on May 17,
2005.

Investors can also access currently available information on the first-time
adoption of IFRS by visiting the 'Financial Information' section of our website
: http://www.lagardere.com.


Paris, November 9, 2005


The Lagardere group is a market leader in the media sector (books, press,
audiovisual, and distribution/retailing of cultural products). The group 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 47,300 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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