The consolidation of SCOR Shares will take place tomorrow morning, 3 January 2007, at the opening of Euronext Paris.

 

The share consolidation will be implemented through the exchange of 10 old shares for 1 new share.  For example, the closing share price of EUR 2.27 on 2 January 2007 would correspond to a new share price of EUR 22.7.  As a result, the number of SCOR shares in circulation will be reduced from 1,184,051,080 (one billion, one hundred and eighty-four million, fifty-one thousand and eighty) to 118,405,108 (one hundred and eighteen million, four hundred and five thousand, one hundred and eight).

 

The ticker symbol of the new shares will become SCR, with ISIN code FR0010411983.  The ISIN code of the shares subject to consolidation will remain FR0000130304 with the ticker symbol SCO.

 

SCOR's issued share capital has been certified at EUR 932,673,756 as of today by the Chairman and Chief Executive Officer of SCOR, compared to EUR 932,673,759 up until now due to the adjustment of fractional shares.

 

The old shares will remain listed for a minimum period of 6 months.  At the end of this period, the old shares can be delisted and, as the case may be, Société Générale – GSSI/GIS/BAO will receive requests from financial intermediaries for the purchase and sale of old shares and will organize, to the extent possible, the over-the-counter transactions between buyers and sellers.