PR Newswire/Les Echos/

PRESS RELEASE

Annual General Meeting

The Annual Meeting of Chargeurs shareholders approved the 2008 financial
statements.

Chairman Eduardo Malone commented on business developments. The global economy
is still in the midst of a major upheaval, and the sharp market downturn that
began affecting the Group's three businesses in September 2008 worsened in early
2009.

Consolidated revenue declined 31.5% from the first quarter of 2008. At Chargeurs
Protective Films and Chargeurs Interlining, revenue was dragged down by falling
volumes, while at Chargeurs Wool, performance was weakened by lower wool
prices.

The first quarter saw a consolidated operating loss of EUR5.1 million, versus
income of EUR4.6 million in the year-earlier period. The shortfall was
attributable to Chargeurs Protective Films and Chargeurs Interlining, which were
both affected by the significant volume contraction in Europe. Chargeurs Wool,
on the other hand, improved its operating results during the first quarter.

Based on the first-quarter figures, projected consolidated results for 2009 have
been revised as follows:

        - Revenue: EUR439 million
        - Operating loss: EUR9 million 
        - Net loss: EUR21 million

May 7, 2009
Corporate Communication - +33 (0)1 71 72 31 65 
www.chargeurs.fr
                      
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