2001 Net Capex Breakdown

By Segment (%)

Maintenance (b)

Renewal (a)

General(c)

Growth

By Destination (%)

85%

10%

5%

(a) Renewal capex = amount invested each year to renew revenues linked to contracts expiring during the year

(b) Maintenance capex = spare parts for maintenance

(c) General investments = software, building extensions, vehicules, etc.

(d) Net Capex = Tangible and intangible investments, less tangible and intangible disposals

Street Furniture

Billboard

Transport

9.5%

10.0%

11.5%

2001 Net Capex(d) : e 252 million

69.0%

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