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Paris, May 24, 2008 – At the end of a competitive process, Gaz de France has entered into exclusive negotiations with EDF for the sale of its interest in Segebel.

Segebel, a company jointly owned by Gaz de France and Centrica on a 50/50 basis, owns a 51% equity interest in SPE.

SPE is the second largest electricity utility in Belgium with generating capacity of 1,650 MW, representing approximately 10% of the country's overall electricity production capacity. SPE provides electricity and gas to some 1.1 million customers.

In 2007, SPE reported net sales of €2.2 billion for the sale of 10 billion kWh and 13 billion kWh of electricity and gas respectively.

The sale of its equity interest in Segebel will allow Gaz de France to fulfil one of the commitments it made to the European Commission within the framework of plans to merge Gaz de France and SUEZ.

Group profile:

The Gaz de France Group is a major energy player in Europe. As the leading natural gas distributor in Europe, Gaz de France employs nearly 50,000 employees and earned €27 billion in sales in 2007. The Group holds a portfolio of some 14 million clients, approximately 11 million of which are in France. Gaz de France is listed on the Paris Stock Exchange and forms part of the CAC 40 and Dow Jones Stoxx 600 indices.

Press contact :

Jérôme Chambin

Tel.: 33-1 47 54 24 35

E-mail: jerome.chambin@gazdefrance.com

Investor relations contact :

Brigitte Roeser-Herlin

Tél.: 33-1 47 54 77 25

E-mail: GDF-IR-TEAM@gazdefrance.com