Gaillon Invest : Club Méditerranée : Gaillon Invest improves the terms of its offer on the securities of the company

Gaillon Invest : Club Méditerranée : Gaillon Invest improves the terms of its                     offer on the securities of the company  June 25^th, 2013 - Gaillon Invest, acting in concert with the investment funds managed or advised by  AXA Private Equity participating  in the tender  offer,  Fosun and MM. Henri-Giscard d'Estaing  and Michel Wolfovski (holding  together  19.33% of the share capital), have decided  to improve the terms of its  offer  on the shares  of Club  Méditerranée to  change it  to 17.50  euros per  share  (compared to the  initial offer of  17 euros  per share) and  19.79 euros  per  OCEANE (compared to the initial offer of 19.23 euros per OCEANE).  This improved offer will be filed with the Autorité des Marchés Financiers  as  soon as possible, after the necessary changes to the documentation.   The  Initiator  is  pleased  that  the  Board  of  Club  Méditerranée,   after  acknowledging the amended terms of the offer, has unanimously considered it in the interest of the company, its shareholders and its employees, and that  the  shareholders represented on the Board, i.e.  Caisse de Dépôt et de Gestion  du  Maroc (via its  subsidiary CMVT  International), Rolaco  and Holding  Edizione  Benetton have decided to tender their shares to the offer. These  shareholders  represent 7.1% of  the share  capital for  Caisse de  Dépôt et  de Gestion  du  Maroc, 5.6% for Rolaco and 2.2% for Holding Edizione Benetton.  This press release is not  and should not be considered  as a tender offer  on  Club Méditerranée's securities. Pursuant to French regulations, the offer and the documentation with respect to the tender offer is subject to the review by the French Market Authority.  About AXA Private Equity : AXA Private Equity is a world leader in private equity, with assets of $32 billion managed or advised in Europe, North America and Asia. The company offers its investors a wide choice of funds covering the full range of asset classes: Funds of Funds (primary, early secondary and secondary), Direct Funds including Infrastructure, Small and Mid-Market Enterprise Capital, Innovation & Growth, Co-Investment and Private Debt. With offices in Paris, Frankfurt, New York, Singapore, Milan, London, Zurich, Jersey and Luxembourg AXA Private Equity is committed to supporting companies in their long-term growth by providing access to its international network. AXA Private Equity sets great store by the regularity and quality of its reporting on the performance of its funds and the performance of the companies in its portfolio, as a service to its investors.  About Fosun : Fosun is a large scale group which places importance on China's growth momentum and its operating activities include insurance, industrial operations, investment and asset management. Fosun International Limited is listed on Hong Kong Stock Exchange (Stock Code : 656). Fosun has been a shareholder of Gaillon since 2010"  Contacts Presse  AXA Private Equity Image 7 Estelle Guillot-Tantay / Flore Larger Tel: 01 53 70 74 93 / 01 53 70 74 91 egt@image7.fr / flarger@image7.fr  FOSUN CHEN Bo, GM, Corporate Communications Dept Tel:+86 21 23156758 / Mobile:+8618601781529 E-mail:chenbo@fosun.com  Press release (PDF)  ------------------------------------------------------------------------------  This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.  The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.  Source: Gaillon Invest via Thomson Reuters ONE HUG#1711730