Turnover in the 3nd Quarter 2007/2008 (in IFRS norms) - Continued dynamic expansion 6%

Toulouse, June 13th, 2008 – The IGE+XAO Group announces that:

For the first nine months of its fiscal year 2007/2008, IGE+XAO posted a turnover of €15,895,048, an increase of 6.1% compared with 2006/2007. During the third quarter, turnover amounted to €5,429,638, up 5.0% on 2006/2007.

At a commercial level, IGE+XAO has continued to work towards international expansion, signing a partnership with the Indian company Orcan. This Faridabad-based company has an extended distribution network, and can thus offer a wide range of products and services for the industrial automation market. At the same time, the Group has enhanced its service range with the launch of its SaaS offer (Software as a Service) SEE Freedom, offering the customer an all-inclusive contract. The new package includes software, training and maintenance, and is based around SEE Electrical, the IGE+XAO Group's software for SMEs and SMIs.

At a financial level, the Group's published accounts for the six months to 31 January 2008 showed strong growth, with a net profit of 1,787,068 euros, up 68.1% on the previous period and representing a net margin of 17%. At the balance-sheet date, IGE+XAO had 15 million euros of equity (up 13.7%) and more than12.3 million euros of available cash.

These excellent results confirm the Group's objectives which simultaneously aim for the increase of the turnover and a high level of profitability.

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