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GET: Groupe Eurotunnel SA: Traffic and revenue figures for the Eurotunnel Group



  GET: Groupe Eurotunnel SA: Traffic and revenue figures for the Eurotunnel
  Group

UK Regulatory Announcement

                 Strong progress in the third quarter of 2012

PARIS

Groupe Eurotunnel (Paris:GET):

  * Third quarter of 2012
  * In a difficult and highly competitive economic context, the total revenue
    figure for the third quarter of 2012 has increased 13% to €275 million,
    compared to the third quarter in 2011.^1
  * Cross-Channel Fixed Link

       * Shuttle services revenue increased by 16% to €142.1 million
       * Traffic increased by 17% for Truck Shuttles and by 10% for the car
         activity of the Passenger Shuttle Service

  * Europorte: strong growth in revenue (+24%)

Jacques Gounon, Chairman and Chief Executive Officer of Groupe Eurotunnel
declared: “This summer, on the back of a dynamic first half year, Eurotunnel
again set new traffic records. Our flexibility enabled us to provide an
excellent quality of service and to attract new customers away from the
airlines. We are confident in our activity levels for the end of the year,
whilst always remaining vigilant due to the nature of the current economic
environment”.

  * On 18 October, Eurotunnel celebrated the passage of the 300 millionth
    passenger to travel through the Channel Tunnel since its opening for
    commercial services in June 1994 - the equivalent to almost five times the
    population of the United Kingdom. Thanks to the mobile telephone system
    installed in the south Tunnel in July, one happy customer, Mr Chris
    McCairns, received a text, 100m below sea level, as he was travelling back
    to the UK, on his way home in the south west of England, telling him he
    would be able to travel on Le Shuttle free of charge for a year.

^1 All comparisons with 2011 are made at the average exchange rate for the
first nine months of 2012, £1=€1.232

  * First nine months of 2012

Revenue has grown by 14%, at a constant exchange rate, to €747.5 million,
compared to the same period in 2011.

  * Cross-Channel Fixed Link

Revenues for the Fixed Link increased by 10%, at a constant exchange rate, to
€591.3 million, compared to the same period in 2011. Truck Shuttle traffic for
Freight Shuttles grew by 19%. Car traffic on the Le Shuttle passenger service
continued its positive trend with a new increase of 7%. The Tunnel saw very
high traffic levels this summer at the end of August, the 80,000 vehicle
barrier was broken the highest level of traffic achieved in one week since the
end of duty free sales in 1999. A new daily record was also set on Saturday 11
August, when a combined total of 15,152 cars were carried in both directions.

  * The Channel Tunnel reached a decisive stage in the interoperability of its
    network with the obtention this year of the implementation of the
    Technical Specifications for Interoperability for rail freight trains
    travelling through the Tunnel. The test in the Tunnel with one of the
    latest Alstom locomotives, the Prima II, on 29 September was conclusive in
    this event.
  * With a similar intent to move forward, Eurotunnel obtained agreement from
    the Inter Governmental Commission to remove the canopies from the Arbel
    truck shuttle wagons, thus improving safety and leading to gains in energy
    efficiency. The removal of this equipment which has no equivalent on any
    other piggyback system reduces weight and loading time. Beyond the savings
    in maintenance that will be achieved, this technological stride opens the
    way for a third generation of Truck Shuttles, which could open up access
    from the Tunnel to multimodal terminals.
  * Eurotunnel Le Shuttle won the “Best Train Operator” award for the second
    year in a row at the Guardian and Observer Travel Awards 2012, on 29
    September. These awards are voted for by the travelling readership of the
    Guardian, guardian.co.uk and the Observer.
  * Eurotunnel won the Deutsche Bahn prize for the “Best Supplier” at the
    Innotrans Exhibition. Deutsche Bahn, which works with 35,000 suppliers
    from around the world, emphasised Eurotunnel’s commitment to delivering a
    reliable service, boosting competitiveness and also the high frequency of
    Shuttle departures between Calais (France) and Folkestone (UK).
  * Europorte
  * Europorte continues to develop in the infrastructure management segment,
    winning a series of contracts with the ports of Paris, Bordeaux and
    Strasbourg.
  * Europorte has signed a partnership with Alstom to bring productivity
    benefits and to reduce maintenance costs for its locomotive fleet.
  * Europorte and London Carex won the first “Award for Innovation” from the
    Railfreight Group in the UK, an association that aims to promote freight
    competition in the UK. The award was in recognition of the test with a
    high-speed train carrying parcels which was run from the airport in Lyon
    to the UK via Charles de Gaulle airport in Paris and the Channel Tunnel,
    and which demonstrated the speed and environmental gains that can be made
    transporting air freight containers by high speed rail.
  * In the UK, GB Railfreight continues to grow and won the 2012 Best
    Logistics Provider award at the McCloskey Coal Conference. GB Railfreight
    delivers 30% of all the coal transported by rail in the UK and is
    developing a strong biomass business.

► FIXED LINK TRAFFIC

Traffic for the Third quarter of 2012 (1 July to 30 September)

                                                             Change
                                     2012        2011       
                                                             2012/2011
Truck Shuttles          Trucks       363,028     309,999     + 17 %
Passenger Shuttles      Cars¹        820,484     747,543     +10 %
                        Coaches      14,058      14,586      - 4 %
Eurostar²               Passengers   2,596,005   2,620,235   - 1 %
Rail freight trains^3   Tones        297,139     327,343     - 9 %
                        Trains       571         562         + 2 %

¹ Including motorcycles, vehicles with trailers, caravans and motor homes.

² Only Eurostar passengers travelling through the Channel Tunnel are included
in this table, thus excluding journeys between Paris-Calais and
Bruxelles-Lille.

^3 Rail freight services by train operators (DB Schenker on behalf of BRB, the
SNCF and its subsidiaries, and Europorte) using the Tunnel.

Traffic for the first nine months (1 January to 30 September))

                                     2012        2011        Change
                                                             2012/2011
Truck Shuttles          Trucks       1,094,129   918,631     + 19 %
Passenger Shuttles      Cars¹        1,869,203   1,753,948   + 7 %
                        Coaches      44,117      43,006      + 3 %
Eurostar²               Passengers   7,438,285   7,326,488   + 2 %
Rail freight trains^3   Tones        906,694     1,037,204   - 13 %
                        Trains       1,725       1,838       - 6 %

¹ Including motorcycles, vehicles with trailers, caravans and motor homes.

² Only Eurostar passengers travelling through the Channel Tunnel are included
in this table, thus excluding journeys between Paris-Calais and
Bruxelles-Lille.

^3 Rail freight services by train operators (DB Schenker on behalf of BRB, the
SNCF and its subsidiaries, and Europorte) using the Tunnel.

EUROTUNNEL SHUTTLES

Truck Shuttles

Truck Shuttle traffic grew significantly, by 17%, during the quarter, compared
to the third quarter in 2011. The cross-Channel Short Straits market continued
to grow by an estimated 2% for the first nine months of the year, but it still
remains approximately 10% below the levels seen in 2007. In this context,
Eurotunnel proved the value of its pricing policy based on the Tunnel’s key
strengths.

Le Shuttle – Passengers Shuttles

Compared to the third quarter of 2011, car traffic increased substantially, by
10%, accompanied by an excellent quality of service. In an active summer
market, Eurotunnel was able to offer customers an environmentally friendly
transport service completely aligned with the “green” values of the Olympic
and Paralympic Games in London. Due to the natural flexibility of its
transport system, the group was easily able to adapt its Shuttle services to
the increase in demand.

Railway Network

Eurostar

2,596,005 Eurostar passengers travelled through the Channel Tunnel during the
third quarter, a reduction of -1% compared to the third quarter in 2011,
although traffic remains 2% above the level over the first nine months of the
previous year. Eurostar believes that during the period of the Olympic Games,
tourists who were not going to the Games were encouraged to avoid London. It
should also be noted that the number of departures during the quarter was
below that of the same period in 2010.

Rail freight Services

During the third quarter, the number of rail freight trains travelling through
the Channel Tunnel increased by 2%, due to a return to growth in the
intermodal sector and to some specific steel traffic but the tonnage
transported reduced by 9%. Over nine months the number of trains is 6% lower,
in large part due to the constraints imposed by RFF (the French rail
infrastructure manager) at Frethun, on each operator passing through the
Tunnel.

► GROUPE EUROTUNNEL REVENUE

Revenue for the third quarter of 2012 (1 July to 30 September)

                    3(rd) quarter   3(rd) quarter               3(rd) quarter
Revenue             2012            2011            Change      2011
(€ million          un-audited      restated*       2012/2011   published**
Shuttle services    142.1           122.3           + 16 %      116.5
Railway network     75.6            76.6            - 1 %       73.7
Other revenues      3.9             2.1             + 83 %      2.0
Sub-total Fixed     221.6           201,0           + 10 %      192.2
Link
Europorte           51.2            41.3            + 24 %      39.5
Sub-total before    272.8           242.3           + 13 %      231.7
new activities
Maritime activity   1.8             -               n/a         -
Revenue             274.6           242.3           + 13 %      231.7

* Average exchange rate for the first nine months of 2012: £1=€1.232

** Average exchange rate for the first nine months of 2011: £1=€1.131

At €221.6 million, revenue for the Fixed Link for the third quarter of 2012
has made a solid increase of 10%. Taking Europorte and the new maritime
activity into account, the total revenue figure for Eurotunnel has reached
€274.6 million, a substantial 13% increase.

Revenue for the Shuttles activity has increased by 16% to €142.1 million
compared to the same period in the previous year.

Revenue from Europorte amounted to € 51.2 million (+24%).

> MyFerryLink

This activity is entirely marginal for the third quarter of 2012, having been
started from scratch only from 20 ^ August 2012, 10 months after the end of
Seafrance's operations. When Groupe Eurotunnel acquired the assets in July
2012, the ferries Berlioz and Rodin were immediately sent for servicing.
However, despite the operational achievement in getting these two vessels into
service in only six weeks, they did not obtain their seaworthiness
certificates until 20 August, by which time they had lost any chance of
capturing any of the summer traffic. The third ship (The Nord-Pas-de-Calais)
in turn went for servicing in mid-October. On another front, the opinion of
the French competition authorities, petitioned in June, should be known
shortly.

The ferries are leased to an independent company (the Scop). MyFerryLink must
compete against very lively competition from the two powerful operators P&O
and DFDS, the latter having for the first time reached a market share of
approximately 20%, as a result of its presence on several routes.

Although the Scop has not received from the administrators the monies which
were planned for it during the liquidation of Seafrance, it has still honoured
its first lease payment. Nevertheless, the blockage of these funds constitutes
a threat to the viability for the SCOP.

Revenue for the first nine months of 2012 (1 January – 30 September)

Revenue                Year to date   Year to date               Year to date
                       30             30                         30
(€ million)            Sep 2012       Sep 2011       Change      Sep 2011
                       un-audited     restated*      2012/2011   published**
Shuttle services       365.4          312.0          + 17 %      298.3
Railway network        216.4          218.7          - 1 %       210.3
Other revenues         9.5            7.7            + 24 %      7.4
Sub-total Fixed Link   591.3          538.4          + 10 %      516.0
Europorte              154.4          117.0          + 32 %      111.8
Sub-total before new   745.7          655.4          + 14 %      627.8
activities
Maritime activity      1.8                           n/a          
Revenue                747.5          655.4          + 14 %      627.8

* Average exchange rate for the first nine months of 2012: £1=€1.232

** Average exchange rate for the first nine months of 2011: £1=€1.131

For the first nine months of the year, up to 30 September 2012, revenue
increased to €747.5 million (+14%)

  * Shuttle revenue increased by 17% to €365.4 million
  * Revenues from the use of the railway network (€216.4 million) are down by
    1%
  * Other revenues increased by 24% to €9.5 million

Groupe Eurotunnel
Media:
John Keefe Consultant, + 44 (0) 1303 284491
press@eurotunnel.com
or
Investors
Michael Schuller, +44 (0) 1303 288749
Michael.schuller@eurotunnel.com

Contact:

Groupe Eurotunnel
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