BOIRON : 2012 FIRST QUARTER ACTIVITY

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2012 FIRST QUARTER ACTIVITY
(Unaudited data)

thousands of euros 2011 2012 Variation at current exchange rates Variation at constant exchange rates
France 70,466 74,188 +5.3% +5.3%
International : 58,478 54,904 -6.1% -6.6%
Incl. Europe excluding France 47,024 41,807 -11.1% -11.0%
Incl. North America 9,566 10,285 +7.5% +3.7%
Incl. Other countries 1,888 2,812 +48.9% +49.3%
Group Total 128,944 129,092 +0.1% -0.1%

thousands of euros 2011 2012 Variation at current exchange rates Variation at constant exchange rates
Non-proprietary Homeopathic Medicines 69,371 73,427 +5.8% +5.7%
OTC Specialties 59,417 55,576 -6.5% -6.8%
Other 0,156 0,089 -42.9% -39.1%
Group Total 128,944 129,092 +0.1% -0.1%



HIGHLIGHTS OF FIRST QUARTER

The non-proprietary medicines increased mainly due to price increases on some of them. The OTC specialties decreased, especially in France, Russia and Italy, within the context of a low level of winter illnesses. Boiron Canada is facing two class action proceedings. At this preliminary stage, these two proceedings are being reviewed.

Next updates:
May 24, 2012 at 10:30 am, at Boiron headquarters : 20 rue de la Libération, 69110 Sainte Foy les Lyon : Ordinary General Meeting.
June 4, 2012 , after the approval by the Mixed shareholders' Meeting, proposed dividend (0.70 ¤ per share) will be paid out.
September 5, 2012, after the close of the stock market, publication of 2012 half-year financial information.
Financial information manager: Philippe MONTANT
Contact for financial information: Véronique BOUSCAYROL
Investor relations: +33 (0) 4.78.45.63.43 - e-mail: finances@boiron.fr
ISIN Code: FR0000061129 (BOI) - Bloomberg : BOI FP - Reuters : BOIR.PA
The group's financial information is online at : www.boiron.com

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