GROUPE BOURBON / HAVILA : decision of the OSLO BORS

The decision of the OSLO BORS to consider the put and call agreement between GROUPE BOURBON and BORGSTEIN SUPPLY INVEST as providing enough ground to require that a mandatory offer be made on HAVILA SUPPLY ASA shares has been made public on june 25th.

GROUPE BOURBON is considering appealing the decision of OSLO BORS.

GROUPE BOURBON has never had intentions and, under the current circumstances, is not willing to take control of HAVILA SUPPLY ASA, and will if the decision is not appealed therefore reduce their holding under the 40 % limit within the required four weeks.”.

Paris, May 12th 2003

Press contact – Catherine Gros – (33) (0)1 53 70 74 51 cgros@image7.fr
Corporate contact – Patrick Mangaud – (33) (0)1 40 13 86 09 — patrick@mangaud.com
www.groupe-bourbon.com