Developments in the HPM Sector in H1-2005

* Operating income (in €m) +4.6%* 1,372* 1,312* 8.3% Operating income 10.5% % of sales 4.8% H1-2004 +4.9% * at constant exchange rates 8.1% Total Group 10.4% Excl. Distribution 4.9% Distribution H1-2005 Including costs relating to the Group Savings Plan and stock options (€23m in H1-04, €26m in H1-05) mmmm SAINT-GOBAIN

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