Press release from March 27th, 2007

28 March 2007 - Appointments

VINCI’s Board of Directors, chaired by Yves-Thibault de Silguy, met on Tuesday, 27 March 2007. The Board co-opted two new independent directors and approved the resolutions that will be proposed to the Shareholders Meeting scheduled for 11 a.m. on 10 May 2007 in Paris (1).

New directors

The Board of Directors co-opted the following as VINCI directors:
- Pascale Sourisse, president and CEO of Alcatel Alenia Space and president of Eurospace ;
- Robert Castaigne, chief financial officer and member of the Executive Committee of Total.

Shareholders Meeting: main resolutions

Dividend
Based on the strong growth in profit in 2006 and the commitment made during the ASF acquisition to increase the pay-out rate to 50% of profit, the Shareholders Meeting will be invited to approve a dividend of €2.65 per share, representing a 33% increase over the dividend paid in respect of 2005. If approved, since an interim dividend of €0.85 was paid on 21 December 2006, the final dividend of €1.80 will become payable on 14 May 2007.

Share buy-back programme
VINCI is also planning to ask the Shareholders Meeting to authorise the terms of a new share buy-back programme, which would enable the company to buy shares up to a limit of 10% of its capital and for a maximum amount of €3.5 billion.

Two-for-one split
Furthermore, the Shareholders Meeting will be asked to approve a two-for-one split of the nominal share value. This proposal aims to increase the liquidity of the share and attract more individual shareholders.
Appointment of new directors

The Shareholders Meeting will be invited to approve the appointment of the 3 new independent directors co-opted by the Board:
Mrs Pascale Sourisse, Mr Robert Castaigne and Mr Jean-Bernard Lévy(2)

 

Curriculum vitae of Mrs Pascale Sourisse

Professional experience
Since 2005 President and CEO of Alcatel Alenia Space
2001-2005; CEO and then chairman and CEO of Alcatel Space, President and CEO of Skybridge
1995-1997; Director of planning and strategy, Alcatel
1990-1994; Deputy head and then head of the consumer electronics and audiovisual communication division of the Ministry of Industry and Foreign Trade
1987-1990; Head of the enterprise network division of France Telecom, Engineer in the telecommunications division of Jeumont-Schneider
1984-1985; Engineer at Compagnie Générale des Eaux
Since 2002, she has been president of Eurospace, the European space industry non-profit organisation.

Education
Ecole Polytechnique
Ecole Nationale Supérieure des Télécommunications
Mrs Pascale Sourisse is 45.

Curriculum vitae of Mr Robert Castaigne

Professional experience
Since June 1994; Chief financial officer and member of the Executive Committee of Total, which became Total Fina (1999), then TotalFinaElf (2000) and Total (2003)
1990-1994; Financial director and member of the Steering Committee
1985-March 1990 Secretary of the Executive Committee and special adviser to the Chairman
1977-1985; Assistant to the head of the exploration and production subsidiaries department, then head of the gas diversification subsidiaries department in the corporate financial division
1972-1977; Engineer and then head of department in the economics division

Education
Engineering degrees from the Ecole Centrale de Lille (class of 1968) and the Ecole Nationale Supérieure du Pétrole et des Moteurs (class of 1970)
PhD in Economics, Paris 1 university, Panthéon–Sorbonne (class of 1971)
Mr Robert Castaigne is 61.

 

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.