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Gaz de France proceeds with the sale of Cofathec Coriance and fulfils one of the commitments within the merger process with Suez

Paris, May 29, 2008 – Cofathec, a Gaz de France Group subsidiary, and the Italian group A2A signed an agreement to sell Cofathec Coriance to A2A.

This sale enables Gaz de France to fulfil one of the commitments it made to the European Commission within the merger process with Suez.

Cofathec Coriance is a company that specializes in the management of heating networks in France.  Within the framework of the local delegation of public services, it runs in France a total of 23 heating networks, with a length of 125 km, as at end of 2007. As such, it serves more than 100,000 housing units and operates 14 cogeneration power stations, providing a total capacity of 80 MWe.  In 2007, it posted net sales of 63 million euros for the activities of Cofathec Coriance on sale totalling a production of 670 million kWh of heat and 250 million kWh of electricity.

The A2A Group is the first Italian operator in the urban heating sector, where it operates 24 networks providing production of heat for 1.5 TWh. It is also one of the top-ranking companies in Italy for the production and distribution of electricity.

The price of the transaction amounts to €44,6m, and the enterprise value of Cofathec Coriance rises to €87m.

This transaction will be submitted to the approval of the competition authorities.

Press Contact:

Jérôme Chambin
Tel.: 33-1 47 54 24 35
E-mail: jerome.chambin@gazdefrance.com

Financial Communications Contact:

Brigitte Roeser Herlin
Tel.: 33-1 47 54 77 25
E-mail: GDF-IR-TEAM@gazdefrance.com

Group profile:

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