 Between 31/12/2006 and 17/09/2007, the group structure underwent various changes: 1) Various entities have been created: • Arpadis Manage SA • Arpadis Chemicals Germany GmbH • Arpadis Israel Ltd • The branch of Arpadis France SAS in Staint- Rémy-de-Provence • Polylink Logistics Ltd in China 2) Certain participating interests have been incorporated into the group by means of contributions in kind: • 100% of Arpadis Immo NV • 40% of Maskem Europe SA • 50% of Arpadis Custom Processing SA 3) One subsidiary has changed its name and others have re-located their registered offices: • DPS-Group NV is now called Arpadis Group SA • Schoonjans SA is now called Arpadis Coatings Services SA • Arpadis Immo SA and Arpadis Group SA are now located in Manage Shareholder structure: Before the Public Offering, the shareholder structure of the central entity was as follows: • L.A. Investments NV (74.60%), this is an investment company belonging to Laurent Abergel and of which he is the permanent representative. • Laurent Abergel (16.58%) • Xavier Carré (8.82%) The Arpadis Group no longer holds all the shares in its subsidiaries. The minority shareholders are in each case the local managers of the subsidiaries who therefore have a direct interest in their future success. |