APRR : Annual revision of motorway tariffs for the APRR and AREA networks

Press release

25 January 2013

Annual revision of motorway tariffs for the APRR and

AREA networks

Motorway tariffs are adjusted on 1 February each year, applying a calculation formula fixed by the French State. Revised motorway tariffs applicable from 1 February have just been released. For APRR and AREA, the increase is 1.94% for all classes of vehicles, which is close to the inflation rate expected by analysts in 2012.

Regulatory framework governing tariff revisions

Annual increases in motorway tolls are governed by regulations. Increases proceed from the strict application of the terms of the plan-related contracts signed by the concession operators and the State.
For APRR, as for its subsidiary AREA, these plan-related contracts cover the period
2009 to 2013. Average tariff increases require prior approval by the French Transport and Economy Ministries and their application is then controlled by the General Directorate for Competition, Consumer Affairs and Fraud Prevention (Direction Générale de la Concurrence, de la Consommation et de la Répression des Fraudes - DGCCRF).

Determination of toll rates

Determination of the tariff scales takes into account several parameters:

• Consumer price index excluding tobacco: as with all companies bearing recurrent charges (payrolls, motorway maintenance, etc.) which tend to increase sharply each year, the tariffs of motorway operators are adjusted to reflect changes in consumer prices. • Multi-year investment plan: the amount of the tolls and their annual revision takes into account the multi-year investment plan for developing new infrastructures decided as part of the plan-related contracts. Investments under this plan amount to nearly €500 million and are aimed at improving safety, traffic conditions and driver comfort. • Network characteristics: the APRR and AREA networks are nearly 2,300 kilometres long, passing through vast areas including plains as well as mountain ranges. High operating costs are incurred to guarantee the viability and carry out the maintenance of these networks, requiring considerable human and material resources.

On average, motorway tariffs for APRR and AREA will increase by 1.94% in 2013. This is lower than the tariff increases announced for the main transport operators:

SNCF	2,3%
RATP	2.4%
Taxis	2.6%

Press Contacts

Claudine Rolland • Communication & Marketing Department • Tel: [phone] • [e-mail]

Véronique Bourgeois • L'Agence Sophie Monet for APRR • Tel: [phone] • [e-mail]

Page 1

Press release

25 January 2013

How €10 of tolls is spent (value 2012)

Network development and improvement €1.2

Operating costs €1.4

Taxes including VAT €3.6

Interest on loans to finance the network €1.6

Loan repayments €2.2

Sample tariffs (class 1)

APRR network	2012	2013	Change
Paris - Lyon (A6)	€32.30	€32.90	1.86%
Paris - Bourg Sud (via A5)	€30.3	€30.9	1.98%
Mâcon Sud - Villefranche-Limas (A6)	€4.8	€4.9	2.08%
Gannat - Montluçon (A71)	€5.2	€5.3	1.92%
Dijon Sud - Bourg Sud (A39)	€11.4	€11.4	0%
AREA network	2012	2013	Change
Lyon - Grenoble (A48)	€10	€10.2	2%
Lyon - Chambéry (A43)	€10.8	€11	1.85%
Grenoble - Chambéry (A41)	€5.7	€5.8	1.75%

Price rounding at toll stations

Because of the need to provide change to motorway users at the toll stations, tariffs vary by increments of €0.10. Accodr ingly, for motorway sections for which tariffs are low, the amount charged may be left unchanged for several years or increased by €0.10ni certain years.

Details of all tariffs are provided on APRR's website at www.aprr.fr

Europe's fourth-largest motorway company, APRR Group, a subsidiary of Eiffage, operates a motorway network of almost 2,300 kilometres. The network currently operated includes the Paris-Lyon corridor (A5, A6 and A39), the Burgundy-Northern Europe corridor (A31 and A36), several motorways in the Rhône-Alpes region (A40, A41, A42, A43, A48, A49 and A51 North) and motorways in Central France (A77 and A71). The Group's motorway network is a major communications axis in Europe. Each year, it records more than 21 billion kilometres travelled. The Group reported consolidated revenues excluding construction of €2.038.6 million for 2012, and has almost 4,000 employees.

Press contacts Page 2

Claudine Rolland • APRR Communication & Marketing Department • Tel: [phone] • [e-mail]

Véronique Bourgeois • Agence Sophie Monet for APRR • Tel: [phone] • [e-mail]