General meeting of march 13th 2009
Account of the Annual General Meeting held on 13 March 2009

The Annual General Meeting of Manutan International, held on 13 March 2009 and chaired by Mr Alain Juliard, approved the 30 September 2009's financial statements.

The consolidated turnover of Eur 502 millions increased by 12 % compared with that of the previous year, which had already grown by 15%.

This significant growth, combined with the controlled evolution of operational expenses, resulted in the increase of the current operational profit and the uphold of the relating profitability, ie: 10,1 % of the turnover versus 10,4 % the year before.

The payment of a dividend of Eur 1,52 will take place on 25 March 2009, for each of the capital share, at the desk of Lazard Frères Banque.

The entire amount therefore distributed is eligible, for French tax resident individuals, to the 40% allowance mentioned at article 158-3-2° of the "Code Général des Impôts" (Tax Law).

The distribution rate represents 34 % of the net profit adjusted for real estate exceptional gains.

Results of votes

Ordinary General meeting

1st resolution : 10 485 224 votes for and 98 080 votes against.
2nd resolution : resolution was approved unanimously.
3rd resolution : 10 485 224 votes for and 98 080 votes against.
4th resolution : 10 484 433 votes for and 98 871 votes against.
5th resolution : 10 270 750 votes for and 312 554 votes against.
6th resolution : 10 271 381 votes for and 311 923 votes against.
7th resolution : resolution was approved unanimously.
8th resolution : 10 393 327 votes for and 189 977 votes against.
9th resolution : 10 484 984 votes for and 98 320 votes against.


Extraordinary General Meeting

10th resolution : resolution was approved unanimously.
11th resolution : 10 394 448 votes for and 188 856 votes against.
12th resolution : resolution was approved unanimously.
13th resolution : 10 582 183 votes for and 1 121 votes against.
14th resolution : 10 557 935 votes for and 25 369 votes against.
15th resolution : resolution was approved unanimously.
16thresolution : 9 809 540 votes for and 773 764 votes against.


Combined General Meeting

17thresolution : resolution was approved unanimously.


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