OTHERS - 1

BIOFIRST   (Website)

In 2008, Compagnie du Bois Sauvage and Floridienne, in 50/50 partnership, created the holding company Biofirst in order to develop the projects and synergies of four companies: Biobest (100%), Chemcom (36%), Sopral Madagascar (100%) and Sotecna (78%). This «green» holding company will develop natural products for agriculture and human well-being.

Through these various structures, Compagnie du Bois Sauvage wishes to play a key role in the research, discovery and manufacture of sustainable development solutions in fields such as well-being (fragrance, taste), food (vanilla, pepper…) and agriculture (pollination, integrated crop protection, and green chemistry).

Biobest, a Belgian company which is the World Number 2 in integrated crop protection, specialises in biological pollination by bumblebees and in biological pest control using useful insects and mites. Biobest is continuing to grow, is developing its activities in more countries, and is makingsignificant investments in research in order to confront the multifarious challenges in the market. Biobest should be able to offer new products in 2010-2011.

Through its Tecnoscent subsidiary (50/50 joint venture with Givaudan, world leader in aromas and perfumes), Chemcom is today a world leader in human olfactory biology. Chemcom has developed an artificial human nose which clones and mimics all the olfactory receptors (GPCRs). This “nose” is a powerful, robust tool with industrial potential. The company’s research into olfactory receptors has led to the discovery of the first molecules inhibiting unwelcome perspiration smells. A discovery that could lead to a new generation of deodorants.

Sopral is mainly involved, in Madagascar, with vanilla, green pepper and essential oils.

Sotecna is specialised in the production of 100% pure and natural essential oils for the food industry and for perfumery.

COMPAGNIE DU BOIS SAUVAGE SERVICES

A Belgian firm that provides accounting and administrative services for Group companies.
This company invests primarily in IT equipment and provides quality assurance for the IT system, vital to the Group's proper functioning. It is wholly owned by Compagnie du Bois Sauvage.

GUY DEGRENNE  (Website)

A listed French company. Benefiting from a great cutlery tradition, over the last few decades Guy Degreen has become a leader in tableware.

The company has succeeded in improving in its financial position in 2009, but is still suffering from the economic situation, which is impacting sales. In 2009, the Group, which holds a 9.85% holding in Guy Degrenne, converted a credit that it was holding on the company into a Mandatory Convertible Bond (MCB).