BOUYGUES (EPA:EN) Bouygues - The share repurchase tender offer is a success

Transparency directive : regulatory news

15/11/2011 19:36

Paris, 15 November 2011

                              Bouygues press release

                 The share repurchase tender offer is a success
               163,121,437 shares were tendered to the operation
                41,666,666 shares were repurchased by Bouygues

Results of the operation

On 14 November 2011, the AMF (the French securities regulator) published an
official notice in which it announced that 163,121,437 shares had been tendered
to the share repurchase tender offer that opened on 17 October 2011.

Repurchase of the shares tendered to the offer

After applying the reduction mechanism(1), Bouygues has repurchased, for
EUR1.25 billion, 41,666,666 of its own shares, representing 11.69% of its
capital (on the basis of a share capital of 356,535,745 shares and 480,145,821
voting rights at 31 October 2011).

Cancellation of the repurchased shares

On 15 November 2011, Bouygues' Board of Directors decided to cancel the
41,666,666 shares repurchased. As a result of this cancellation, the total
number of Bouygues shares amounts to 314,869,079.

The number of voting rights remaining after cancellation will only be known
once all the Statements of Registered References (BRN), which notify the number
of registered shares tendered to the offer, have been received. Note that these
Statements of Registered References (BRN) must be sent to Bouygues' registered
share service department by the financial intermediaries*(2).

The impacts of the operation on the ownership structure

As announced on 31 August 2011, SCDM did not tender its shares to this offer.
Following the operation, it has a 21.08% stake in Bouygues vs. 18.62% at
31 October 2011. The Bouygues group employee share ownership funds did tender
their shares to the offer. All of the proceeds from tendering these shares were
reinvested in Bouygues shares. As a result, employees have increased their
share in the ownership of the Group and now hold 23.3% of the share capital vs.
20.47% at 31 October 2011.

(1) The reduction mechanism is set forth by Article R. 225-155 of the French
Commercial Code.
(2) Bouygues will publish the total number of shares and voting rights existing
at 30 November 2011 at the beginning of December. Before cancelling the
41,666,666 shares repurchased, the SCDM group, a company controlled by Martin
and Olivier Bouygues, cancelled 2,091,123 voting rights via the conversion of
previously-owned registered shares into bearer shares, in order to remain below
the threshold of 30% of voting rights.

Press contact:
+33 (0)1 44 20 12 01 - presse@bouygues.com

Investors and analysts contact:
+33 (0)1 44 20 10 79 - investors@bouygues.com

                                 www.bouygues.com

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