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Wednesday 01 September, 2010

Ffp

2010 1st half results

PR Newswire/Les Echos/

Paris, August 31st 2010

The Board of Directors, meeting under the chairmanship of Mr Robert Peugeot, 
has reviewed the business and results of 2010 first semester.

FFP, via its Spanish subsidiary Simante, has exercised the put option it had on
Dominum Direccion y Gestion, fully owned by Esther Koplowitz, to sell all of 
its B-1998 shares for EUR 88 million. B-1998, in which Simante owned a 5.7% 
stake, is the majority shareholder of FCC. The settlement of this transaction 
will be done shortly. After the repayment of Simante's debt, the cash 
available from this disposal will reach approximately EUR 72 million compared 
to EUR 61 million invested by FFP.

As part of its policy of actively managing its equity investments, FFP sold
0.76% of SEB for EUR 21million, generating capital gains of EUR 9 million
compared to the acquisition price. This disposal comes after the increase of 
the holding made in 2008. FFP now owns 5.05% of the small household equipment 
group. FFP also purchased, in the first quarter, 0.54% of Zodiac Aerospace at 
the average price of EUR30 per share. FFP's stake in the aircraft equipment
supplier increased to 5.92%.

The Board of Director has closed the statutory and consolidated accounts for 
the first semester of 2010 financial year.

Statutory financial statements          First semester            Full year
In EURm                                 2010     2009               2009
Gross income from shareholdings         18,7     20,0                 20
Other incomes & expenses                -9,2     -4,1              -12,6
Net provisions on assets                22,2    -26,3              -36,1
Net result                              31,7    -10,4              -28,7

Financial assets have been valued using the same multi-criteria methods as in
2009. It led to a net release of provisions on assets of EUR -22,2 million, of
which EUR 18.7m on Zodiac Aerospace.

Consolidated financial accounts           First semester      Full year
In EURm - IFRS                               2010     2009        2009
Net Result - FFP's share                    148,1   -212,8      -263,2
Shareholders' equity - FFP's share        3 657,3  3 271,5     3 320,9

Consolidated net result for the first half includes for EUR 152m its stake of
the PSA Peugeot Citroen Group's profit.
At 30th June 2010, FFP's Net Asset Value (NAV) reached EUR 1 805m (ie EUR 71.7
per share) versus EUR 1 839m (ie EUR 73.1 per share) at 31st December 2009. The
method, which is the same as the previous calculations, and NAV's details, are
available on FFP's website.

About FFP:
FFP (Société Foncière, Financière et de Participations - FFP) is an
industrial and financial holding company listed in Paris, majority-owned
by the Peugeot family group and managed by Robert Peugeot. FFP is the leading
shareholder in Peugeot SA and has pursued a policy of taking friendly, 
long-term shareholdings for several years.

                         www.societe-ffp.fr
                      
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