> Financial release, May the 3rd of 1999

FIRST QUARTER OF 1999
A 44% INCREASE OF THE CONSOLIDATED TURNOVER
COMPARED TO THE FIRST QUARTER OF 1998

 The consolidated turnover for the first quarter of 1999 amounts to 835 MFRF (127 M euros), a 44.6% increase compared to the first quarter of 1998 (578 MFRF / 88 M euros). The first quarter turnover has more than doubled in two years.

 Two companies joined the group during the first quarter of 1999 : one in Spain, the other in Portugal. They represent a total of 200 consultants and a turnover of 27 MFRF (4 M euros) for the quarter..

 The turnover of the European companies (excluding France) amounts to 273 MFRF (42 M euros), a 118 % increase compared to the first quarter of 1998. It has more than doubled in one year.

 The turnover of the European companies (excluding France) represents 33 % of the group consolidated turnover, compared to 22 % in the first quarter of 1998 and 26 % for the entire year 1998. Therefore, the objective to have one third of the group activity performed outside of France in 2002 has been reached over three years ahead of time.