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Thursday 10 November, 2011


Financial Information for the third quarter 2011

PR Newswire/Les Echos/


1) Highlights

During the third quarter of 2011, the activity of FFP and its controlled &
globally consolidated subsidiaries was composed of the following elements:

 • FFP completed its stake in Orpéa by purchasing shares on the market and
   buying a 4% interest to Doctor Marian, President and founder of the group. 
   FFP invested EUR 88m fora 6% stake in the company.

 • FFP invested in LT Participations, Ipsos founders' holding company and main
   shareholder of Ipsos. FFP invested EUR 22m to become a shareholder of LT
   Participations and to partially finance LT Participations share in Ipsos 
   rights issue to which LT Participations subscribed. Following these 
   operations, FFP holds 10,1% of LT Participations. Ipsos' right issue allowed
   the group to buy its competitor Synovate and to become the third largest 
   global market research company.

Disposais and distributions from private equity funds:

During the third quarter, FFP cashed in EUR 34.1m of disposals or distributions
from private equity funds. The main flows are the following :

 • Sagard FCPR for EUR 10.1m: the private equity fund sold Souriau to Esterline
   for 4.2x its cost (29% IRR);
 • EOS Africa for EUR 13.6m: following the disposal of the stake in the company
   SIAT, FFP cashed in, over the repayment of the cost, a EUR 4,1 m dividend;
 • White Knight VIII for EUR 8.4m: LBO France sold Converteam to General
   Electric for close to 2x its cost (26% IRR).

The amount cashed in following those three disposals is double their valuation
on December 31st 2010.

Incomes from assets:

Incomes from available-for-sale assets are composed of Orpéa’s € 0.6m 
and the EOS Africa dividend indicated here above.

2) Consolidated income from ordinary activities

         Fiscal year from January 1 st 2011 to December 31 st 2011

                               Third quarter

                         (excluding capitals gains)

( K euros)                              2011         2010
Income from investments  
- First quarter                       12 269        3 635
- Second quarter                      25 047       16 338
- Third quarter                        4 713        1 405

Income from investment properties 
- First quarter                          376          380
- Second quarter                         377          381
- Third quarter                          383          377

Income from other activities
- First quarter                          430        1 526
- Second quarter                         273          244
- Third quarter                          586          261

Total by quarter
- First quarter                       13 075        5 541
- Second quarter                      25 697       16 963
- Third quarter                        5 682        2 043

Total of the three quarters           44 454       24 547

About FFP :
FFP is an investment company listed on NYSE-Euronext Paris, majority-owned by
Etablissements Peugeot Frères and managed by Robert Peugeot. FFP is the leading
shareholder of Peugeot SA and pursues a minority shareholdings and long-term
investment policy. FFP holds participations in listed companies (LISI, Zodiac
Aerospace, SEB or Orpéa), non listed companies (Sanef, Onet or DKSH), and
private equity funds.


Investor relation:                    Press contact : 
Sébastien Coquard: +33 1 40 66 42 11  Jean-Baptiste Froville: +33 1 58 47 95 39
[email protected]            [email protected]
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