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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)

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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
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