Eurotunnel principal shareholder

In March 2008, two Goldman Sachs Infrastructure funds (GS Global Infrastructure Partners I, L.P. and GS International Infrastructure Partners I, L.P., which together make up GSIP(1)) subscribed 657,840 of the 800,000 Subordinated Deferred Equity Securities (SDES) issued by Groupe Eurotunnel SA. The funds raised were used to reimburse an initial part of the NRSII and reduce the group’s financial charges.

The SDES are redeemable in Groupe Eurotunnel SA ordinary shares from 7 September 2009, at the initiative of the bearer, and for a period of 12 months. The final redemption date is 6 September 2010.

GSIP has recently made Eurotunnel aware of its intention to demand the redemption of its SDES in shares. Once this has been completed, GSIP will hold approximately 21.21% of the capital of GET(2) and will therefore become Groupe Eurotunnel’s principal shareholder. See Full Press Release.

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