GRANULATEX : Granulatex, a specialist in waste management and the creation of recycling eco-sites announces its upcoming listing on Euronext Paris’ Marché Libre

Granulatex, a specialist in waste management and the creation of recycling eco-sites announces its upcoming listing on Euronext Paris' Marché Libre

Granulatex will be listed on the Paris Bourse on 8 September 2008

Created in 2001, Granulatex operates at the heart of the eco-industry and the challenges of sustainable development. The company is developing its expertise along two complementary lines: waste and biomass treatment and the installation and operation of recycling eco-sites.

Granulatex now has a high-performance industrial facility in Perrignier (Haute Savoie) dedicated entirely to recycling, which can handle all types of biomass, organic waste (wood, agricultural waste, etc.) and non-hazardous industrial waste, notably the collection, sorting and recycling of used tires for the Savoie, Haute Savoie and Hautes Alpes départements.

Granulatex is also developing recycling eco-sites that combine organic farming, photovoltaic energy production and waste biomass energy production at the Cruas site (Ardèche) and at another site in the Vaucluse region (currently in the acquisition phase).

A historically profitable company with a very healthy balance sheet
In the year ended 31 May 2008 (an exceptional fiscal year lasting 14 months), Granulatex generated revenues of ¤2.34 million, operating income of ¤602 million and net profit of ¤421,000. At 31 May 2008, the company had share capital of ¤1.39 million and a net cash position of ¤509,000.

Targets based on solid fundamentals
Granulatex's solid strengths will enable it to reach its target of tripling revenues by 2011-12 while maintaining high operating margins:

Over 50 years of experience in agriculture and over 25 years of management (Morand family) of the challenges of the eco-industry, Real control over waste collection and recycling, including organic waste, demonstrated by successful industrial accomplishments, An operating margin of more than 20% for the past three years, Government approval is pending or has already been obtained to increase the types of organic matter that can be treated.

Listing on the Marché Libre on 8 September 2008
Granulatex shares will be listed on the Marché Libre through direct quotation on 8 September 2008 under the direction of Atout Capital. As part of this procedure, 2,000 shares will be offered at a unit price of ¤10.

Granulatex has a share capital of 1,300,000 shares with a nominal value of ¤0.50.

This offering will strengthen Granulatex's name awareness and visibility with clients, suppliers, partners and local administrations.

The operation should also provide the company with access to market funds to finance investments in the creation of "100% sustainable development" eco-sites.

ISIN: FR0010650622
Symbol: MLGLX

A meeting to present the company will be held on Thursday, 11 September, at 11:30 a.m. at Pavillon Kléber, 7 rue Cimarosa, 75116 Paris, France.

- This operation does not require a prospectus approved by the Autorité des Marchés Financiers (AMF);
- Paragraph 3 of Article 211-4 of the AMF General Rules stipulates that "the direct or indirect transfer to the public of financial instruments thus acquired can only be made in compliance with the conditions specified in Articles L. 411-1, L. 411-2, L. 412-1 and L. 621-8 to L. 621-8-3 of the Monetary and Financial Code."

SA Granulatex - Z.A Les Bougeries - 74550 Perrignier, France
Tel: +33 (0)4 50 72 51 93 - Fax: +33 (0)4 50 72 14 19

Henri Morand
Tél. : +33 (0)4 50 72 51 93
Cédric Beudin
Tél.: +33 (0)1 56 69 61 83
Gilles Thomas-Guiroy
Investor relations
Tél. : +33 (0)1 53 67 36 56

Jeanne Guicquéro
Press relations
Tél. : 33 (0)1 53 67 35 81
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