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Wednesday 15 September, 2010

Supervisory Board meeting, 14 September 2010

PR Newswire/Les Echos/

- Press release -

                 Supervisory Board meeting, 14 September 2010

Paris, the 15 September 2010 - The Supervisory Board convened on 
14 September 2010.
All Supervisory Board members were present.

• Regarding the agreement between Messieurs Amal Amar and Fabrice Robert,
respectively Chairman and member of the Supervisory Board, and Axel Springer,
the Board acknowledged during the meeting the need to prevent all situations
where conflicts of interest could arise.
As a result, the Board decided that the study of the voluntary public offer
project announced by means of an Axel Springer AG press release, notably
concerning the interests of, of its shareholders, its employees and
its customers, would be carried out by the Supervisory Board in the absence of
Messieurs Amar and Robert during the debate and vote.

• The Supervisory Board acknowledged the announcement made by Axel Springer AG
and its intention to make a public offer for all remaining outstanding shares of It made the following observations;
     - neither the terms of the disposal agreement representing about 12,4% 
       of the capital of,
     - nor the date when the public offer is filed have been communicated.

• Lastly, the Supervisory Board considers that the sum of EUR 34 per share
stated on the Axel Springer AG release does not reflect the embedded value of
the company nor its outlook for growth.

About has been the specialist leader of on-line real estate in France for
the past 18 years. Its websites are available on any screen (computer, mobile
phone and connected TV) and every day millions of French Internet users view the
1.1 million plus property ads posted by estate professionals at any time, from
wherever they may be.

Be it a purchase or rental, resale or property development, in France or abroad,
a business location or a demeure de charme, everyone can satisfy their property
project through one of the Group's 6 websites (,,,, and
The Group also provides real estate professionals the broadest visibility of
their ads with an audience of 3 million unique visitors and close to 15 minutes
viewing per visitor via its different websites.

It is also the number-one supplier of Internet websites for real estate agencies
and software transaction design for professionals with Périclès (Source:
Mediamétrie // Nielsen Netratings). has been listed on Euronext Paris (compartment B) since 30 November
2006 and is part of the following indexes: SBF 250, CAC MID 100, CAT IT and
Euronext 100.
ISIN code: FR0010294595.


Investor relations:	   Laurence Bégonin Maury
                           +33 1 53 38 29 00
                           [email protected] 

Corporate communication:   Karine Reffet
                           [email protected] 

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