PR Newswire/Les Echos/

CHARGEURS

PRESS RELEASE

Paris, 12 March 2010

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

Chargeurs launches 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.

                                    ***

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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