This conversion will take place before a Notary on July 5, 2011, and entails an increase in the equity of Compagnie du Bois Sauvage of EUR 7,530,908 (after the cash payment of EUR 26 per share) and a decrease in the debt of the same amount.

The number of shares issued increased from 1,562,710 to 1,611,612 (including own shares).