GET: Groupe Eurotunnel SA: Groupe Eurotunnel: The Channel Tunnel opens to Deutsche Bahn

  GET: Groupe Eurotunnel SA: Groupe Eurotunnel: The Channel Tunnel opens to
  Deutsche Bahn

UK Regulatory Announcement


Groupe Eurotunnel (Paris:GET):

After three years of detailed study, the Intergovernmental Commission^1 has
granted Deutsche Bahn an operating certificate (Certificate B) to run
passenger services through the Channel Tunnel^2.

Groupe Eurotunnel believes that this long awaited decision will considerably
enhance exchanges between the United Kingdom and northern Europe (Germany,
Holland) and will over time add between 3 and 4 million new passengers per
year to the 10 million already using the existing high speed passenger

This new chapter requires no additional investment as adjustments to the
timetable and modifications to the paths through the Tunnel will suffice to
accommodate the new traffic.

This increase in the choice of services offered by railway operators is a
measure of the improvement in the transport sector as it brings major benefits
to passengers.

The request by one of the foremost railway operators to open up direct
services via the Channel Tunnel is proof of the significant attraction that
the infrastructure offers. The Channel Tunnel provides a route that is fast,
reliable and competitive. Groupe Eurotunnel’s access charges, set out by the
two states in 1987 under the framework of the Railway Usage Contract (RUC),
which runs until 2052, are particularly favourable to the development of new
services: based principally on a charge per passenger, they limit start up
costs for new operators whilst they build up their load factors.

Jacques Gounon, Chairman and Chief Executive Officer of Groupe Eurotunnel SA
stated: “Twenty years after the start of commercial services, the Authorities
have finally opened the Channel Tunnel to all. This is wonderful news for the
millions of passengers in northern Europe who can now use this most
environmentally friendly means of transport to travel to London.”

^1 The Inter Governmental Commission is made up of representatives of the
French and British governments.

^2 The privately financed infrastructure of the Channel Tunnel is composed of
an integrated vehicle transport system (Le Shuttle) and grants passage to
trains from other railway operators.

Eurotunnel Press Contact:
For media enquiries
John Keefe, + 44 (0) 1303 284491
For investor enquiries
Michael Schuller, +44 (0) 1303 288749


Groupe Eurotunnel
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