Paris, December 23, 2008

Sequana’s specialised distribution subsidiary Antalis and the BIC group have reached an agreement concerning the sale of Antalis’s Promotional Products business.

This disposal is in line with the strategy of refocusing Antalis on its core business line of B-to-B distribution of paper and industrial packaging. The deal is based on an Enterprise Value of around Euro 33 million to which is added an additional earn-out payment of up to Euro 5 million payable in 2010 based on the level of sales generated by the business in 2009.

Click here to read the complete press release : Antalis have reached an agreement on its Promotional Products business