RESULTS
Ø  Operating results before disposals, changes in fair value and depreciations slightly decreasing at EUR 34.6 million (vs. 35.6 million in 2011)
Ø  Net result, group's share, totals EUR 16.4 million
INTRINSIC VALUE
Ø  Intrinsic value : EUR 286.4 per share on 31 December, representing an increase of 2% notwithstanding the reduction of capital by EUR 25 per share in July 2012
DIVIDEND
Ø  Proposed gross dividend : EUR 7.2 per share (+2.9% versus 2011)

]]>