PR Newswire/Les Echos/

CHARGEURS

PRESS RELEASE

Paris, 12 March 2010

Chargeurs announces its intention to launch an offering of approximately 
EUR22.8 million aggregate principal amount of subordinated bonds convertible 
into shares (obligations subordonnées convertibles), with preferential 
subscription rights

Chargeurs announces its intention to launch an offering, with preferential
subscription rights, of subordinated bonds convertible into shares (obligations
subordonnées convertibles), with approximately EUR22.8 million aggregate
principal amount and with redemption at maturity on 1 January 2016. The 
proceeds from this offering will be allocated to increasing the capital of 
Chargeurs SA by EUR6 million, and Chargeurs Entoilage by EUR16 million, 
pursuant to the debt restructuring agreement signed by Chargeurs and its 
partner banks.

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This announcement does not constitute an offer to sell, or a solicitation of
offers to purchase, securities in the United States. The securities discussed 
in this press release will not be and have not been registered under the 
US Securities Act of 1933 (the "Securities Act") and may not be offered or sold
in the United States absent registration or an applicable exemption from the
registration requirements of the Securities Act. Chargeurs has no intention 
to register any portion of the offering of these securities under the 
Securities Act.

Press Contacts: +33 1 53 70 74 25 - Fax: + 31 1 71 72 33 67 

Investors Contacts: + 33 1 71 72 33 53
                      
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