-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 ORYlK1hVwp46c1uPML+T3PWz+tY1QpJWVj0YsDN4B9MYh9D0XSFCm75O829SeNlJ
 0rdyGLLklyrE4KenUMFFbQ==

<SEC-DOCUMENT>0001156973-06-000440.txt : 20060420
<SEC-HEADER>0001156973-06-000440.hdr.sgml : 20060420
<ACCEPTANCE-DATETIME>20060420091256
ACCESSION NUMBER:		0001156973-06-000440
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		22
CONFORMED PERIOD OF REPORT:	20060418
FILED AS OF DATE:		20060420
DATE AS OF CHANGE:		20060420

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KONINKLIJKE PHILIPS ELECTRONICS NV
		CENTRAL INDEX KEY:			0000313216
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05146-01
		FILM NUMBER:		06768711

	BUSINESS ADDRESS:	
		STREET 1:		BREITNER CENTER
		STREET 2:		AMSTELPLEIN 2
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1096 BC
		BUSINESS PHONE:		31 20 59 77777

	MAIL ADDRESS:	
		STREET 1:		BREITNER CENTER
		STREET 2:		AMSTELPLEIN 2
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1096 BC

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PHILIPS ELECTRONICS N V
		DATE OF NAME CHANGE:	19930727

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PHILIPS NV
		DATE OF NAME CHANGE:	19910903
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>u50149e6vk.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e6vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>2006 &#150; 3</B>
</DIV>

<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 6-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REPORT OF FOREIGN ISSUER</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Pursuant to Rule&nbsp;13a-16 or 15d-16 of the<BR>
Securities Exchange Act of 1934</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>For the period commencing February&nbsp;14 through April&nbsp;18, 2006</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>KONINKLIJKE PHILIPS ELECTRONICS N.V.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Royal Philips Electronics</B><BR>
(Translation of registrant&#146;s name into English)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>The Netherlands</B><BR>
(Jurisdiction of incorporation or organization)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Breitner Center, Amstelplein 2, 1096 BC Amsterdam, The Netherlands</B><BR>
(Address of principal executive offices)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant files or will file annual reports under cover
Form 20-F or Form 40-F.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Form&nbsp;20-F <FONT face="Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Form&nbsp;40-F <FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule101(b)(1): <FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule101(b)(7): <FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule&nbsp;12g3-2(b) under the
Securities Exchange Act of 1934.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Yes <FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">No <FONT face="Wingdings">&#254;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Name and address of person authorized to receive notices<BR>
and communications from the Securities and Exchange Commission:</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">A. Westerlaken<BR>
Koninklijke Philips Electronics N.V.<BR>
Amstelplein 2<BR>
1096 BC Amsterdam &#150; The Netherlands</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>









<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">







<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This report comprises a copy of the <I>Quarterly Report of the Philips Group </I>for the three months
ended March&nbsp;31, 2006 and a copy of each of following press releases entitled:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips opens unique facility showcasing solid-state lighting for City Beautification&#148;, dated February&nbsp;14, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;World&#146;s First &#145;Ambient Experience&#146; Cardiology Suite&nbsp;Opens at Catharina Hospital in Eindhoven, the Netherlands&#148;, dated
February&nbsp;22, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips to sell Contract Manufacturing Services France SAS (CMS)&nbsp;to Groupe Attel&#148;, dated February&nbsp;24, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips completes EUR 1.5&nbsp;billion share buyback program&#148;, daed February&nbsp;28, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Turnover of Philips&#146; Green Flagship products doubles to 2&nbsp;billion Euros&#148;, dated March&nbsp;6, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips to acquire cardiology healthcare company Witt Biomedical corporation&#148;, dated March&nbsp;8, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips announces divestment of Anteryon B.V.&#148;, dated March&nbsp;9, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips and De Lage Landen Announce Medical Financing in Asia Pacific&#148;, dated March&nbsp;10, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips invests EUR 30&nbsp;million in its lighting plant in Aachen&#148;, dated March&nbsp;23, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips closes acquisition of Lifeline Systems, Inc.&#148;, dated March&nbsp;23, 2006;</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf, by the undersigned, thereunto duly authorized at Amsterdam,
on the 18<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of April&nbsp;2006.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>KONINKLIJKE PHILIPS ELECTRONICS N.V.</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>/s/ G.J. Kleisterlee</B><BR>
(President,<BR>
Chairman of the Board of Management)

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>/s/ P.J. Sivignon</B><BR>
(Chief Financial Officer,<BR>
Member of the Board of Management)

</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="LEFT" style="font-size: 10pt; margin-top: 18pt"><IMG src="u50149u5014901.gif" alt="(QUARTELY REPORT)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Forward-looking statements</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This document contains certain forward-looking statements with respect to the financial condition,
results of operations and business of Philips and certain of the plans and objectives of Philips
with respect to these items (including, but not limited to, restructuring cost and cost savings),
in particular the outlook paragraph in this report.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">By their nature, forward-looking statements involve risk and uncertainty because they relate to
events and depend on circumstances that will occur in the future. There are a number of factors
that could cause actual results and developments to differ materially from those expressed or
implied by these forward-looking statements. These factors include, but are not limited to, levels
of consumer and business spending in major economies, changes in consumer tastes and preferences,
changes in law, the performance of the financial markets, pension costs, the levels of marketing
and promotional expenditures by Philips and its competitors, raw materials and employee costs,
changes in exchange and interest rates (in particular changes in the euro and the US dollar can
materially affect results), changes in tax rates and future business combinations, acquisitions or
dispositions and the rate of technological changes, political and military developments in
countries where Philips operates, the risk of a downturn in the semiconductor market, Philips&#146;
ability to secure short-term profitability and invest in long-term growth, and industry
consolidation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Statements regarding market share, including as to Philips&#146; competitive position, contained in this
document are based on outside sources such as specialized research institutes, industry and dealer
panels in combination with management estimates. Where information is not yet available to Philips,
those statements may also be based on estimates and projections prepared by outside sources or
management. Rankings are based on sales unless otherwise stated.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Use of non-US GAAP information</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In presenting and discussing the Philips Group&#146;s financial position, operating results and cash
flows, management uses certain non-US GAAP financial measures. These non-US GAAP financial measures
should not be viewed in isolation as alternatives to the equivalent US GAAP measure(s) and should
be used in conjunction with the most directly comparable US GAAP measure(s). A discussion of the
non-US GAAP measures included in this document and a reconciliation of such measures to the most
directly comparable US GAAP measure(s) are contained in this document.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Use of fair value measurements</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In presenting the Philips Group&#146;s financial position, fair values are used for the measurement of
various items in accordance with the applicable accounting standards. These fair values are based
on market prices, where available, and are obtained from sources that are deemed to be reliable.
Users are cautioned that these values are subject to changes over time and are only valid at the
balance sheet date. When a readily determinable market value does not exist, fair values are
estimated using valuation models. The models that are used are appropriate for their purpose. They
require management to make significant assumptions with respect to future developments which are
inherently uncertain and may therefore deviate from actual developments. In certain cases,
independent valuations are obtained to support management&#146;s determination of fair values.
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 18pt">Report on the performance of the Philips Group
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all amounts in millions of euros unless otherwise stated; data included are unaudited</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>financial reporting according to US GAAP unless otherwise stated</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#151;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD> includes reclassification of MDS to discontinued operations</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><b>Philips reports improved net income of EUR 160&nbsp;million
<br>Sales increased 14% to EUR 7,374&nbsp;million</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the first quarter, Philips recorded net income of EUR 160&nbsp;million (EUR 0.13 per share),
compared with net income of EUR 117&nbsp;million (EUR 0.09 per share) in the corresponding period of
2005. The increase was primarily attributable to improved performance of the main divisions,
particularly Semiconductors and Lighting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sales increased strongly to EUR 7,374&nbsp;million, 14% above Q1 2005. Adjusted for the effects of
currency movements and consolidation changes, comparable sales increased by 10%, driven by
strong growth in all main divisions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>EBIT amounted to EUR 335&nbsp;million, compared to EUR 207&nbsp;million in the same period of last year.
The increase was largely driven by higher sales and improved business performance, particularly
in the Semiconductors and Lighting divisions, and a EUR 30&nbsp;million gain on the sale of the
CryptoTec encryption business reported under Other Activities.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Financial income and expenses resulted in an expense of EUR 23&nbsp;million, an improvement of EUR 25
million compared to Q1 2005. This improvement mainly resulted from a EUR 20&nbsp;million revaluation
of the option on the convertible bond issued by TPV.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unconsolidated companies recorded a loss of EUR 36&nbsp;million, compared to a profit of EUR 22
million in Q1 2005. In Q1 2005, income from TSMC of EUR 71&nbsp;million was reported under results
relating to unconsolidated companies. From 2006, a change in accounting treatment means that
Philips no longer recognizes income from TSMC but rather will recognize a dividend, which will
be reported in Q2 2006 under financial income and expense.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cash outflow from operating activities increased to EUR 867&nbsp;million, compared to EUR 332&nbsp;million
in Q1 2005. The increase was entirely due to EUR 582&nbsp;million additional funding for the UK
pension fund. Inventories as a percentage of sales amounted to 12.3%, marginally higher than in
Q1 2005.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><b>Gerard
Kleisterlee,</b><BR>
Philips&#146; President and CEO:

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;We&#146;re pleased that we are keeping our momentum, with strong growth and solid performance
across all our main divisions. A strong customer focus, together with innovative products,
helped expand our already strong position within healthcare, lifestyle and technology.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also see that our recent acquisitions are starting to make a contribution to our top and
bottom line. Demand for our medical IT solutions was strong in the first quarter, and Lumileds
contributed to a continued good performance in Lighting. With the first acquisition in our
Consumer Health &#038; Wellness business announced in the first quarter, followed by an additional
acquisition in our Medical Systems business, we are consistently building our portfolio to
become increasingly geared to profitable growth.&#148;
</DIV>



<P align="left" style="font-size: 10pt">2
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 12pt; margin-top: 12pt">Philips Group
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Highlights in the quarter
</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Net
income</B><BR>in millions of euros unless otherwise stated
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,492</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,374</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>335</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financial income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(48</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(23</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(44</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(91</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Results unconsolidated companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(36</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(25</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">131</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>160</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>160</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Per common share &#151; basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.13</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Net income</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net income amounted to EUR 160&nbsp;million (EUR 0.13 per share), compared to EUR 117
million (EUR 0.09 per share) in Q1 2005. EBIT increased by EUR 128&nbsp;million, driven by the
Lighting and Semiconductors divisions and a EUR 30&nbsp;million gain on the sale of the CryptoTec
business. A fair-value gain of EUR 20&nbsp;million was recognized for the revaluation of the option
on the TPV convertible bond. The improvement in income before taxes was partly offset by the
EUR 58&nbsp;million decrease in results relating to unconsolidated companies. This decrease
included charges of EUR 45&nbsp;million mainly for the voluntary support of social plans for
employees impacted by the bankruptcy of some LG.Philips Displays activities and a delay of
income recognition to Q2 2006 following a change in the accounting treatment of TSMC.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sales
by sector</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 0pt">in
millions of euros unless otherwise stated</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>% change</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>compa-</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left"  style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>nominal</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>rable</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Medical Systems</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,285</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,469</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">427</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>496</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,153</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,423</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lighting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,128</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,345</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Semiconductors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,012</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,219</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">487</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>422</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(13</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(16</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>






<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Philips Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,492</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,374</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>



<!-- End Table Body -->
</TABLE>
</DIV>
<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Sales by sector</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Nominal sales for the Group increased 14% compared to Q1
2005. Adjusted for a 6% upward effect of currency movements
and a 2% downward effect of consolidation changes, comparable
sales increased 10%.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Medical Systems&#146; growth was driven by Computed
Tomography, Ultrasound, X-ray and Healthcare IT. At DAP,
growth was mainly driven by Shaving &#038; Beauty. At Consumer
Electronics, Connected Displays and Peripherals &#038; Accessories
drove the sales growth. Lighting&#146;s comparable growth was
attributable to all businesses, most notably Lamps and
Luminaires. Lumileds&#146; sales grew by 25% in the quarter in US
dollar terms. Within Semiconductors, all businesses
contributed to the sales growth, led by Automotive &#038;
Identification and MMS.</TD>
</TR>

</table>
</div>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sales
per region</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 0pt">in
millions of euros unless otherwise stated</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>% change</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>compa-</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>nominal</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>rable</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Europe/Africa</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,849</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,086</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North America</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,645</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,845</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Latin America</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">316</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>485</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>53</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Asia Pacific</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,682</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,958</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8</B></TD>
    <TD>&nbsp;</TD>
</TR>


<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Philips Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,492</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,374</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Sales by region</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In Europe/Africa, comparable sales increased in all main operating divisions. In
North America, Semiconductors and Consumer Electronics were the main drivers of the growth. In
Latin America,
all main divisions saw double-digit increases in sales. In Asia Pacific, all divisions
reported growth, led by Medical Systems and DAP.</TD>
</TR>





</TABLE>
</DIV>
<P align="right" style="font-size: 10pt">3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>EBIT</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 0pt">in millions of euros unless otherwise stated</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Medical Systems</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>99</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>62</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>58</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lighting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">149</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>195</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Semiconductors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>89</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(59</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(67</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unallocated</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(99</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(101</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Philips Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>335</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Earnings before interest and tax (EBIT)</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>EBIT improved by EUR 128&nbsp;million, or 1.3% of sales,
compared to Q1 2005, mainly driven by the Semiconductors and
Lighting divisions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Medical Systems&#146; EBIT, excluding MedQuist, increased
slightly despite a less favorable geographical sales mix,
additional investments in R&#038;D and ongoing charges relating to
the acquisition of Stentor.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>DAP&#146;s EBIT improved thanks to higher sales, particularly
in Shaving &#038; Beauty. Excluding restructuring charges, EBIT
improved by EUR 18&nbsp;million compared to Q1 2005.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CE&#146;s EBIT improved by 0.3% of sales to EUR 58&nbsp;million.
Licenses&#146; EBIT improved, driven by higher revenues from DVD
patents.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The improvement in Lighting&#146;s EBIT was due to higher
sales and lower restructuring charges.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Semiconductors&#146; EBIT improved by EUR 75&nbsp;million, which
was attributable to higher sales, mainly in the MMS and
Automotive &#038; Identification businesses.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Other Activities&#146; EBIT declined due to Corporate
Investments, which reported lower sales in a number of
businesses. Corporate Technologies&#146; EBIT improved, thanks to
the gain on the sale of the CryptoTec business.</TD>
</TR>


</TABLE>
</DIV>
<P align="left" style="font-size: 10pt">4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Financial
income and expenses</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 0px solid #000000">in millions of euros</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest expenses (net)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(48</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(42</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(48</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(23</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial income and expenses</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net interest expenses amounted to EUR 42&nbsp;million,
compared to EUR 48&nbsp;million in Q1 2005.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A fair-value gain of EUR 20&nbsp;million was recognized for
the revaluation of the option on the TPV convertible bond.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Results
unconsolidated companies</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 0px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 0px solid #000000">in millions of euros</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">LG.Philips
LCD: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operational</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(34</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">LG.Philips Displays: Operational</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:139px; text-indent:-15px">Restructuring</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(18</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Others</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(51</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(36</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Results relating to unconsolidated companies</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Results relating to unconsolidated companies were EUR 58
million lower than in Q1 2005 due to the change in accounting
treatment of TSMC and charges of EUR 45&nbsp;million mainly
relating to the voluntary support of social plans for
employees impacted by the bankruptcy of some LG.Philips
Displays activities.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>LG.Philips LCD&#146;s results were EUR 49&nbsp;million better than
in Q1 2005; sales improved by 20% year-over-year.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Q1 2005 results included EUR 71&nbsp;million income from TSMC.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt">5
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Cash
balance</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 0px solid #000000">in millions of euros</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Beginning balance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,349</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,293</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR>    <TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net cash from operating activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(332</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(867</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross capital expenditures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(220</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(274</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Acquisitions/divestments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(74</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(585</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other cash from investing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Changes in debt/other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(498</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(180</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash provided by discontinued
operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(25</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ending balance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,210</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,389</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Cash balance</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The cash position decreased by EUR 1,904&nbsp;million in the
quarter, compared to a decrease of EUR 1,139&nbsp;million in Q1
2005.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cash was primarily used for additional funding for the
UK pension fund (EUR 582&nbsp;million), the acquisition of
Lifeline Systems (EUR 579&nbsp;million) and the completion of the
EUR 1.5&nbsp;billion share repurchase program (EUR 414&nbsp;million).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014902.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Cash flows from operating activities</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The higher cash outflow (EUR 535&nbsp;million) compared to Q1
2005 was entirely due to the additional funding for the UK
pension fund, which has been recognized as a prepayment in
the balance sheet.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Excluding the additional pension funding, cash required
for working capital declined compared to Q1 2005. Higher
working capital requirements in Consumer Electronics and
Lighting were more than compensated by improvements in the
other divisions.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014903.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Gross capital expenditures</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Gross capital expenditures amounted to EUR 274&nbsp;million, an increase of EUR 54
million compared to Q1 2005. Lighting, through investments in Lumileds, was the main driver
behind the increase. Semiconductors&#146; expenditure was stable while Other Activities&#146; spend
decreased.</TD>
</TR>



</TABLE>
</DIV>
<P align="left" style="font-size: 10pt">6
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014904.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Inventories</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net inventories as a percentage of sales amounted to 12.3%, an increase of 0.3
percentage points compared to Q1 2005. The sequential increase in inventories was largely in
line with the seasonal trend.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014905.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Net debt and group equity</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net debt increased by EUR 2.1&nbsp;billion during the quarter,
primarily as a result of the EUR 1.6&nbsp;billion cash required to
fund the Lifeline acquisition, to provide additional funding
for the UK pension fund and to complete the share repurchase
program.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Group equity increased EUR 4.3&nbsp;billion, mainly due to
the change in accounting treatment of TSMC (from equity to
fair- value accounting) and the net income of EUR 160
million. This was partly offset by a dividend charge of EUR
523&nbsp;million and the repurchase of shares for an amount of EUR
414&nbsp;million.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014906.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Employment</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The number of employees at the end of Q1 2006 was 161,498, of which 1,684 related
to discontinued operations. Excluding the effects of consolidation and deconsolidation, the
increase during the quarter was 2,055. This increase was mainly driven by higher levels of
business activity at the Lighting division.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt">7
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt">Medical Systems
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key
data</B>


<DIV align="left" style="font-size: 10pt; margin-top: 0pt">in millions of euros unless otherwise stated</DIV>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,285</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,469</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>99</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.7</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,058</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,362</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,756</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>30,696</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Business highlights</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to receipt of regulatory approval, Philips will
acquire Witt Biomedical Corporation &#150; the largest global
independent supplier of hemodynamic monitoring and clinical
reporting systems and ranked #1 in 2005 by vendor reviewer
KLAS &#150; for approximately USD 165&nbsp;million.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips introduced the GEMINI PET/CT scanner, which is more
than two times more sensitive and conducts exams 50% faster
than conventional PET scanners.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Together with De Lage Landen International (a Rabobank subsidiary),
Philips announced the set-up in Asia Pacific of Philips Medical Capital,
offering financing to customers in the region.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The world&#146;s first Ambient Experience Catheterization
Lab opened at Catharina Hospital in Eindhoven, the
Netherlands. The CathLab integrates lighting and
consumer electronics to enhance workflow and reduce
anxiety among heart patients.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014907.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial performance</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Order intake for equipment grew by 18% compared to Q1 2005 on
a currency comparable basis, evident across almost all
businesses and all major regions. Demand for iSite PACS
continued to exceed expectations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sales showed year-on-year comparable growth of 8%, led by
Computed Tomography, Ultrasound, X-ray and Healthcare
Informatics.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All regions contributed to the 8% sales growth, especially
Latin America (48%) and Asia Pacific (16%).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Excluding MedQuist, EBIT increased slightly compared to Q1
2005. Incremental sales-driven margin was largely offset by
additional investments in R&#038;D, increased selling expenses
(partly driven by the establishment of a sales and service
infrastructure in emerging markets) and additional charges
relating to the acquisition of Stentor.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014908.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Looking ahead</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Following the anticipated completion in Q2 of the acquisition
of Witt Biomedical Corporation in the core area of
Cardiovascular Imaging, integration costs and the application
of purchase accounting will result in a charge of
approximately EUR 15&nbsp;million in Q2.</TD>
</TR>

</TABLE>
</DIV>
<P align="left" style="font-size: 10pt">8
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As a first step towards optimizing the industrial blueprint
and accelerating operational efficiencies, Medical Systems
announced in March&nbsp;2006 the transfer of Nuclear Medicine
manufacturing activities from Milpitas, CA to Cleveland, OH,
the diagnostic imaging manufacturing center.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To continue the strong growth of the past two years, Medical
Systems has reorganized its global sales and service
structure, enabling the division to operate more efficiently
through shared back-offices and processes.</TD>
</TR>


</TABLE>
</DIV>
<P align="right" style="font-size: 10pt">9
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt">Domestic Appliances and Personal Care
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key data
</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 0pt">in millions of euros unless otherwise stated</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">427</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>496</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>62</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">460</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,126</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,542</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9,384</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Business highlights</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips acquired North America&#146;s leading personal emergency
response company, Lifeline Systems, Inc., building up the
Consumer Health &#038; Wellness business.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips launched a branded rice cooker range in six Asian
countries, including China, tapping into a category making up
60% of Asia&#146;s food and beverage market.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In Western Europe, Philips launched a new model of the
Satinelle Ice epilator &#150; the first on the market to combine a
built-in soothing ice pack and massage function.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Targeting the younger male shaving market, Philips kicked off
its Male Shaving sponsorship of the Williams Formula 1 team
in Bahrain with the first online game, letting spectators
race against team drivers Mark Webber and Nico Rosberg.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014909.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial performance</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Comparable sales grew 10% compared to Q1 2005, driven by
Shaving &#038; Beauty and Domestic Appliances.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Adjusted for restructuring charges of EUR 12&nbsp;million,
EBIT increased EUR 18&nbsp;million compared with Q1 2005; the
improvement was visible across all businesses except Consumer
Health &#038; Wellness, which continued to invest in business
development.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net operating capital increased, mainly due to the
consolidation of Lifeline Systems (EUR 662&nbsp;million).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014910.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Looking ahead</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The focus will remain on maintaining the 15-16% EBIT
margin and achieving the 7% comparable sales growth target
for 2006, based on innovation, new product launches and
emerging markets.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The acquisition of Lifeline Systems, completed in March
2006, will result in purchase accounting charges of
approximately EUR 12&nbsp;million in 2006.</TD>
</TR>

</TABLE>
</DIV>
<P align="left" style="font-size: 10pt">10
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt">Consumer Electronics
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key
data</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 0pt">in millions of euros unless otherwise stated</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,153</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,423</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>58</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.4</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">108</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>78</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,725</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14,932</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Business highlights</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In North America, Wal-Mart and Sam&#146;s Club named Philips &#147;2005
Supplier of the Year&#148; of home electronics.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>With significant demand expected this year for
high-definition home entertainment systems, Philips announced
it is introducing Blu-ray consumer products in the 2nd half
of 2006.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips was named &#147;Official Big Screen Supplier&#148; for the 2006
FIFA World Cup<SUP style="font-size: 85%; vertical-align: text-top">TM</SUP>. Matches from 11 host cities will
be broadcast on Vidiwall screens at iconic sites like
Berlin&#146;s Brandenburg Gate and S&#227;o Paulo&#146;s Jockey Club.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Supporting the drive for &#147;sense and simplicity&#148;, Philips
launched the 8-in-1 universal remote control. It makes using
up to 8 devices easy, by only lighting up those buttons on
the remote control that are needed to operate each specific
device.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014911.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial performance</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sales of EUR 2,423&nbsp;million in Consumer Electronics represent
13% nominal and 16% comparable growth compared to Q1 2005.
Strong sales growth in Connected Displays (driven by the
accelerating transition from CRT to flat displays) and
Peripherals &#038; Accessories fueled most of the increase. From a
geographical perspective, double-digit growth, both nominal
and comparable, was visible in Europe, North and Latin
America.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>EBIT increased EUR 12&nbsp;million, or 0.3% of sales, due to
higher optical license income. Excluding the additional
license income, EBIT was in line with Q1 2005.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net operating capital was lower than in Q1 2005, underscoring
the continued effectiveness of the division&#146;s asset-light
business model.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014912.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Looking ahead</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Q2 will see the introduction of an extensive new range of
Monitors and FlatTVs, including models with the innovative
4-side Ambilight feature.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CE is expected to sustain its full-year profitability
bandwidth of 4 &#150; 4.5%.</TD>
</TR>


</TABLE>
</DIV>
<P align="right" style="font-size: 10pt">11
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt">Lighting
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key
data</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 0pt">in millions of euros unless otherwise stated</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,128</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,345</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">149</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>195</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,617</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,665</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,429</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>46,701</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Business highlights</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips announced
a EUR 30&nbsp;million investment to
expand Xenon car lighting
production capacity in Aachen,
Germany. Xenon headlights are
three times brighter and more
energy-efficient than
traditional halogen
headlights.</TD>
</TR>


<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips&#146; Lumileds lighting business introduced the
L<FONT style="font-variant: SMALL-CAPS">UXEON </FONT><SUP>&#174;</SUP> K2 range, which was
warmly received by the market. The range is 15 to 30%
brighter than leading white-light high-power LEDs.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At its Outdoor Lighting Application Center in Miribel,
France, Philips unveiled the first city beautification
lighting demonstration to include a range of solid-state
lighting, showing customers how lighting can improve urban
life.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The State of California chose Philips&#146; ALTO low-mercury T8
office lamps as the preferred lamp in its state purchasing
contract, based on the product&#146;s lower mercury content.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014913.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial performance</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sales amounted to EUR 1,345&nbsp;million, corresponding to 8%
comparable growth compared to Q1 2005.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The comparable growth was seen across all businesses and,
geographically, was strong in Europe, Asia Pacific and Latin
America. Lumileds&#146; sales increased 25% in US dollar terms
compared with Q1 2005. This business remains on track to
deliver EBITA of 25% on a full-year basis.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>EBIT was impacted by restructuring charges of EUR 16&nbsp;million,
a Lumileds purchase-accounting-related charge of EUR 14
million and a one-time real estate gain of EUR 11&nbsp;million. In
Q1 2005, restructuring charges amounted to EUR 27&nbsp;million.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The increase in net operating capital and employees was
mainly attributable to the consolidation of Lumileds in Q4
2005.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014914.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Looking ahead</B></TD></TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In Q2, a charge of EUR 8&nbsp;million is expected for
purchase-accounting-related amortization.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Strict cost control and optimization of the supply chain
remain a priority.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Full-year 2006 sales are expected to show comparable growth
of 6%.</TD>
</TR>


</TABLE>
</DIV>
<P align="left" style="font-size: 10pt">12
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt">Semiconductors
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key
data</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 0pt">in millions of euros unless otherwise stated</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,012</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,219</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>89</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7.3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,649</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,326</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>35,472</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Business highlights</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips&#146; venture T3G launched a 3G-videophone
reference design for Samsung
for the world&#146;s first cell
phone adapted to China&#146;s newly
developed TD-SCDMA network.</TD>
</TR>


<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips won an order to provide identification chipsets for
passive keyless entry in Renault&#146;s M&#233;gane line of cars. With
passive keyless entry, drivers carrying security cards can
touch the car to unlock it and start the motor by pushing a
button.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Dell will start shipments of digital LCD TVs based on our
integrated HD-ATSC System on Chip for the US market.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Since launching the Nexperia<SUP style="font-size: 85%; vertical-align: text-top">TM</SUP> TV505 reference,
Philips has shipped over one million LCD TV single-chips for
this reference design.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips, IBM, Intel, SAP and Deutsche Post World Net launched
RFID pilot projects to boost the efficiency of logistic
solutions and global supply chains.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014915.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial performance</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sales increased by 20% on a nominal basis and 13% on a
comparable basis. All segments posted sales growth, led by
the MMS and Automotive &#038; Identification businesses.
Sequentially, sales in US dollar terms declined by 7%,
reflecting seasonality.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the end of Q1 2006, the book-to-bill ratio improved to
1.12, compared to 0.96 at the end of Q4 2005. The total order
book increased by 16%, mainly for delivery beyond the short
term.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The utilization rate improved to 82%, compared to 75% in Q1
2005, but was down sequentially from 83% in Q4 2005.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>EBIT amounted to EUR 89&nbsp;million, compared to EUR 14&nbsp;million
in Q1 2005. The improvement was attributable to higher sales
and better utilization, partially offset by costs of EUR 10
million related to the legal disentanglement of the division.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>EBIT included charges of EUR 11&nbsp;million related to
restructuring in the Sales &#038; Marketing organization.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014916.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Looking ahead</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Low-to-mid-single-digit sequential sales growth in US dollar
terms is expected in Q2 2006.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In Q2, costs related to the set-up of a separate legal
structure are expected to be slightly higher than in Q1.</TD>
</TR>


</TABLE>
</DIV>
<P align="right" style="font-size: 10pt">13
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt">Other Activities
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key
data</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 0pt">in millions of euros unless otherwise stated</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">487</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>422</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(17</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(13</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(16</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR>    <TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT Corporate Technologies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(70</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(27</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT Corp. Investments and others</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(40</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(59</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(67</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(12.1</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(15.9</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">282</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>361</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,584</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20,158</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Business highlights</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips Research developed the world&#146;s first fully functional
Radio Frequency Identification (RFID)&nbsp;tag based entirely on
plastic electronics, offering the potential for lower-cost
RFID tags to replace bar coding in packaging.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In India, Philips Research completed successful trials of a
low-emissions woodstove. The stove uses heat from burning
wood to power a fan that can reduce fuel consumption by 80%,
smoke pollution by 90% and organic volatile emissions by 99%.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Industrie Forum Design Hannover, one of Europe&#146;s most
renowned design centers, selected Philips&#146; Pedestrian LED
Luminaire &#150; designed by Philips Design &#150; for the 2006 Gold iF
product design award.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014917.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial performance Corporate Technologies</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The improvement in EBIT compared to Q1 2005 was primarily attributable to a EUR 30
million gain on the sale of CryptoTec and to increased license income.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial performance Corp. Investments/others</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Corporate Investments&#146; nominal sales declined by 16%. Due to
the lower sales level, the ongoing businesses in Corporate
Investments posted a loss of EUR 16&nbsp;million, compared to a
profit of EUR 5&nbsp;million in Q1 2005.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Real Estate was negatively impacted by a valuation adjustment
of EUR 9&nbsp;million.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014918.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Looking ahead</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The divestment of Philips
Business Communications was closed on April 3.</TD>
</TR>


<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips intends to transfer its Optical Storage Data Drive
business to Philips BenQ Digital Storage (PBDS). As a result
of the transaction, the conditions for Philips to consolidate
PBDS are no longer fulfilled. Philips will therefore
de-consolidate PBDS upon completion, expected in Q2, which
will reduce sales by approximately EUR 650&nbsp;million annually.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The average quarterly EBIT of Other Activities in 2006 is
expected to be similar to that reported for Q1.</TD>
</TR>


</TABLE>
</DIV>
<P align="left" style="font-size: 10pt">14
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 18pt">Unallocated
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Key
data</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 0pt">in millions of euros unless otherwise stated</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Q1</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Corporate and regional overheads</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(67</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(76</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Global brand campaign</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(3</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Pensions/postretirement benefit costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(30</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(22</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(99</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(101</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,505</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,471</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014919.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Business highlights</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In its
Sustainability Report 2005,
Philips announced it
introduced 50 new Green
Flagship products in 2005,
bringing the total number of
Green Flagships to over 160 by
the end of the year. Revenue
from Green Flagship products
also jumped 100%, to EUR 2
billion in 2005 from EUR
1&nbsp;billion in 2004.
</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips presented its first Global Supplier Awards.
Amtek Group &#150; a metal, plastic and rubber supplier &#150; won the
&#147;Best Overall&#148; category; Sanmina-SCI Corporation &#150; an
electronics manufacturer &#150; won the &#147;Breakthrough&#148; award for
successful support in transferring manufacturing activities;
and LG.Philips LCD won the &#147;Growth Contribution&#148; award for
significantly increasing 2005 output to meet rising demand
for flat-panel televisions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In line with Philips&#146; goal to be more market-driven,
Philips and Brussels-based Management Centre Europe will
offer the Kotler Certified Marketing Manager program to
Philips&#146; non-marketing employees. The course is
exam-certified by the Kotler Marketing Group &#150; a global
marketing training firm.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014920.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Financial performance</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Corporate and regional overheads were higher than in Q1
2005, due in part to implementation costs related to
compliance with section 404 of the Sarbanes-Oxley Act.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pension costs/post-retirement benefit costs were lower
than in Q1 2005, largely as a consequence of the abolition in
2006 of the post-retirement benefit plan in the Netherlands
and lower pension costs, also in the Netherlands.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u50149u5014921.gif" alt="(BAR CHART)">
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Looking ahead</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Brand campaign spend is expected to be at similar
levels, and to follow a similar seasonal pattern, as in 2005.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The implementation costs related to Sarbanes Oxley
compliance for full-year 2006 are expected to be
approximately EUR 20&nbsp;million.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt">15
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt">Other information
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Other information</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>From 2006 onwards, Philips&#146; interest in TSMC has been categorized as a financial asset rather
than an equity investment. Consequently, Philips no longer accounts for its share in TSMC&#146;s
income under results relating to unconsolidated companies. Instead, Philips will recognize
its annual dividend in the income statement. On February&nbsp;14, 2006, the TSMC Board recommended
the distribution of a TWD 2.5 cash dividend per common share and a 3% stock dividend (30
shares for every 1,000 owned), subject to the approval of the shareholders meeting on May&nbsp;16,
2006. At the current exchange rate, this would amount to approximately EUR 430&nbsp;million, net
of tax, and will be recognized under financial income and expense in Q2 2006.</TD>
</TR>


</TABLE>
</DIV>
<P align="left" style="font-size: 10pt">16
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Outlook</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The first quarter of 2006 reaffirmed that we are on track to achieve our medium-term sales
growth and EBIT margin targets.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We are pleased with the performance of Semiconductors. We are on schedule with the creation
of a separate legal structure for the division, which we expect will be completed by the end
of the third quarter. We remain confident that, in this way, we will create options to
further strengthen the activity and maximize shareholder value.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the remainder of the year, we will continue to explore opportunities to add to organic
growth through targeted acquisitions consistent with our portfolio realignment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>We will continue to manage our balance sheet in line with our policy to maximize value
creation and will further improve our cost structure by simplifying our organization and our
way of working.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amsterdam, April&nbsp;18, 2006</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I><B>Board of Management</B></I></TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt">17
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 12pt; margin-left: 3%; margin-top: 6pt">Consolidated statements of income
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 3%; margin-top: 6pt">all amounts in millions of euros unless otherwise stated<BR>
restated for the intended sale of the MDS business
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to March</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>2006</b></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,492</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,374</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cost of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,381</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(5,020</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross margin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,111</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,354</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Selling expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,009</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,165</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">General and administrative expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(302</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(302</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Research and development expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(624</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(631</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other business income (expense)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>79</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>335</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financial income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(48</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(23</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">159</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>312</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income tax expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(44</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(91</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income after taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">115</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>221</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Results relating to unconsolidated
companies, including a year-to-date
net dilution gain of <br>EUR 7&nbsp;million
(2005: nil)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(36</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(25</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">131</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>160</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>160</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted average number of common
shares outstanding (after deduction
of treasury stock) during the period
(in thousands):</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">

<TD><DIV style="margin-left:15px; text-indent:-15px">&#149;&nbsp;&nbsp;basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,276,078</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,195,716</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#149;&nbsp;&nbsp;diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,279,471</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,203,980</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income per common share in euros:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#149;&nbsp;&nbsp;basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.13</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#149;&nbsp;&nbsp;diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.13</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Ratios</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross margin as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>31.9</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Selling expenses as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(15.5</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(15.8</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">G&#038;A expenses as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4.7</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4.1</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">R&#038;D expenses as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9.6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(8.6</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT or Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>335</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBITA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">237</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>377</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">18
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 12pt; margin-left: 3%; margin-top: 6pt">Consolidated balance sheets
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 3%; margin-top: 6pt">all amounts in millions of euros unless otherwise stated<BR>
restated for the intended sale of the MDS business
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">March 31,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">December 31,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>March 31,</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,210</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,293</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,389</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Receivables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,445</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,155</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,948</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Assets of discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">326</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">241</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>210</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,523</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,480</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,858</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,013</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">937</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,246</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total current assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,517</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,106</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13,651</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-current assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Investments in unconsolidated companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,011</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,698</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,738</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current financial assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">867</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">673</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,436</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-current receivables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">159</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">213</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>268</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,036</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,231</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,798</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Property, plant and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,861</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,893</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,879</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Intangible assets excluding goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">980</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,299</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,463</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,911</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,748</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,061</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,342</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,861</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38,294</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts and notes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,970</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,418</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Liabilities of discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">143</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>115</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,632</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,565</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">830</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">869</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,005</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">609</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">708</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>766</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dividend payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">504</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>523</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">889</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,167</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,453</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total current liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,122</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,375</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10,845</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-current liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,608</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,320</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,240</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,095</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,056</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,014</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">706</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,112</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>917</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,531</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,863</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>17,016</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">305</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">332</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>347</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,506</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,666</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20,931</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities and equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,342</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,861</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38,294</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of common shares outstanding (after deduction of treasury stock) at the end of
period (in thousands)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,261,725</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,201,358</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,188,852</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Ratios</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stockholders&#146; equity per common share in euros</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.87</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>17.61</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inventories as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt : group equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8:92</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">(5):105</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6:94</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,908</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,043</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10,301</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Employees at end of period
of which discontinued operations 2,460 end March&nbsp;2005, 1,780 end December&nbsp;2005 and 1,684 end
March&nbsp;2006</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160,857</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">159,226</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>161,498</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt">19
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 12pt; margin-top: 6pt">Consolidated
statements of cash flows&nbsp;<SUP style="font-size: 85%; vertical-align: text-top">*</SUP>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">all amounts in millions of euros<BR>
restated for the intended sale of the MDS business

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">January to March</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><b>2006</b></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I><b>Cash
flows from operating activities:</b></I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>160</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjustments to reconcile income to net cash
provided by operating activities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">(Income) loss from discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Depreciation and amortization</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">356</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>342</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Impairment of equity investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net gain on sale of assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(17</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(71</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unconsolidated companies (net of dividends received)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(11</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interests (net of dividends paid)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>25</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">(Increase) decrease in working capital/other
current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(788</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(673</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">(Increase) decrease in non-current
receivables/other assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(89</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(633</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Increase (decrease)&nbsp;in provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(17</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other items</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(8</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net cash provided by (used for) operating activities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(332</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(867</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I><b>Cash
flows from investing activities:</b></I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Purchase of intangible assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(26</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Capital expenditures on property, plant and
equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(220</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(274</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Proceeds from disposals of property, plant and
equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>27</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash from (to)&nbsp;derivatives</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Proceeds from sale (purchase)&nbsp;of other non-current
financial assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Proceeds from sale (purchase)&nbsp;of businesses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(74</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(585</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net cash provided by (used for) investing activities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(284</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(858</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I><b>Cash
flows from financing activities:</b></I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Increase (decrease)&nbsp;in debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(129</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>255</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Treasury stock transactions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(414</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(373</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dividends paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net cash provided by (used for) financing activities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(543</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(118</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net cash provided by (used for) continuing
operations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,159</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,843</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Effect of change in consolidations and exchange
rates on cash positions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(62</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net cash provided by (used for ) discontinued
operations <SUP style="font-size: 85%; vertical-align: text-top">1)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(25</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash and cash equivalents at beginning of period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,349</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,293</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Cash and cash equivalents at end of period</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,210</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,389</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV style="width: 18%; border-bottom: 1pt solid black; font-size: 1pt; margin-top: 6pt">&nbsp;</DIV>
<DIV align="center" style="margin-top: 3pt">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%"></TD>
    <TD width="2%"></TD>
    <TD width="75%"></TD>
    <TD width="2%"></TD>
    <TD width="4%"></TD>
    <TD width="1%"></TD>
    <TD width="5%"></TD>
    <TD width="2%"></TD>
    <TD width="5%"></TD>
    <TD width="1%"></TD>
    <TD width="5%"></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="top">
    <TD>*</TD>
    <TD>&nbsp;</TD>
    <TD colspan="9" valign="top" align="left">For a number of reasons, principally the effects of translation differences and consolidation changes, certain
items in the statements of cash flows do not correspond to the differences between the balance sheet amounts for
the respective items.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><SUP style="font-size: 85%; vertical-align: text-top">1)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">cash provided by (used for) operating activities</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">(18</TD>
    <TD nowrap valign="top">)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>2</B></TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">cash provided by (used for) investing activities</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">(7</TD>
    <TD nowrap valign="top">)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>(1</B></TD>
    <TD nowrap valign="top"><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Ratio</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cash flows before financing activities</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">(616</TD>
    <TD nowrap valign="top">)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>(1,725</B></TD>
    <TD nowrap valign="top"><B>)</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">20
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- LANDSCAPE -->
<DIV align="left" style="font-size: 12pt; margin-left: 3%; margin-top: 6pt">Consolidated statement of changes in stockholders&#146; equity
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 3%; margin-top: 6pt">all amounts in millions of euros
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="42" style="border-bottom: 1px solid #000000">January to March 2006</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000" colspan="4">&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000">Accumulated other comprehensive income (loss)</TD>
    <TD style="border-bottom: 1px solid #000000" colspan="8">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000">Treasury shares at cost</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Unrealized</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Changes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">To hedge</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Capital</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">gain (loss)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">in fair</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">share-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">in</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">on</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Additional</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">value of</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">based</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">To cover</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Total</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">excess</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Currency</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">available-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">minimum</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">cash</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">compen-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">capital</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">stock</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Common</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">of par</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Retained</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">translation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">for-sale</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">pension</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">flow</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">sation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">reduction</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">holders&#146;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">stock</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">value</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">earnings</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">differences</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">securities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">liability</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">hedges</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Total</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">plans</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">program</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">equity</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance as of December&nbsp;31,
2005</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">263</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,710</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,886</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(545</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(29</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,470</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,333</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,586</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,666</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net current period change</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">172</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,566</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">202</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,959</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,959</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Reclassifications into income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total comprehensive income,
net of tax</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">174</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,566</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">202</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,969</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,129</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dividend payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(523</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(523</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Purchase of treasury stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(414</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(414</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Re-issuance of treasury stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(63</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">116</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Share-based compensation
plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Balance as of March&nbsp;31, 2006</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>263</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>39</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>21,347</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,712</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,556</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(343</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,499</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,217</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2,000</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20,931</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt">21
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 12pt; margin-left: 3%; margin-top: 6pt">Sectors
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 3%; margin-top: 6pt">all amounts in millions of euros unless otherwise stated<BR>
restated for the intended sale of the MDS business
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><b>Sales
and income from operations</b>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="22" style="border-bottom: 1px solid #000000">January to March</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000"><b>2006</b></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">Income from operations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">Income from operations</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">Sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">amount</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">as a % of</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">Sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">amount</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">as a % of</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">sales</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Medical Systems</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,285</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,469</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>99</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.7</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">427</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>496</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>62</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consumer Electronics</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,153</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,423</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>58</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.4</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lighting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,128</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">149</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,345</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>195</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Semiconductors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,012</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,219</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>89</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7.3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">487</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(59</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(12.1</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>422</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(67</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(15.9</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unallocated</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(99</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(101</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,492</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,374</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>335</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">22
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 12pt; margin-left: 3%; margin-top: 6pt">Sectors and main countries
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 3%; margin-top: 6pt">all amounts in millions of euros<BR>
restated for the intended sale of the MDS business
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sales and total assets</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>Sales</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>Total assets</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to March</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">March 31,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Medical Systems</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,285</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,469</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,932</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,461</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">427</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>496</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">835</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,616</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consumer Electronics</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,153</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,423</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,393</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,660</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lighting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,128</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,345</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,576</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,783</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Semiconductors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,012</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,219</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,922</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,646</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">487</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>422</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,270</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,040</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unallocated</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,088</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15,878</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,492</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,374</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,016</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38,084</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">326</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>210</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,342</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38,294</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sales and long-lived assets</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>Sales</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>Long-lived assets *</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to March</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">March 31,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Netherlands</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">270</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>258</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,493</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,479</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">United States</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,558</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,725</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,873</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Germany</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">519</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>592</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">556</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>535</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">France</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">398</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>395</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">190</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>165</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">United Kingdom</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">265</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>282</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">194</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>88</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">610</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>746</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">349</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>330</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other countries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,872</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,376</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,968</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,933</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,492</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,374</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,752</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9,403</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Includes property, plant and equipment and intangible assets</TD>
</TR>

</TABLE>




<P align="right" style="font-size: 10pt">23
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%"><B>Pension costs</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">all amounts in millions of euros unless otherwise stated <BR>
restated for the intended sale of the MDS business
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Net periodic pension costs of defined-benefit plans</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>January-March</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Netherlands</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Other</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest cost on the projected benefit obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">134</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">102</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Expected return on plan assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(203</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(98</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amortization of unrecognized transition obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net actuarial (gain)&nbsp;loss recognized</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amortization of prior service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(15</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Settlement loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net periodic cost (income)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(41</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>69</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The net periodic pension costs in the first quarter of 2006 amounted to EUR
52&nbsp;million, of which EUR 28&nbsp;million related to defined-benefit plans (the
Netherlands income of EUR 41&nbsp;million, other countries cost of EUR 69&nbsp;million)
and EUR 24&nbsp;million related to defined-contribution plans outside the
Netherlands (the Netherlands cost of EUR 2&nbsp;million, other countries cost of EUR
22&nbsp;million).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Net periodic costs of postretirement benefits other than pensions</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000"><B>January-March</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Netherlands</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Other</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest cost on the accumulated postretirement
benefit obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amortization of unrecognized transition
obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net actuarial loss recognized</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Curtailment gain</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net periodic cost (income)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>11</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">24
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 12pt; margin-top: 6pt; margin-left: 3%">Consolidated
statements of income in accordance with IFRS
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">all amounts in millions of euros unless otherwise stated <BR>
restated for the intended sale of the MDS business
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to March</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,492</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,374</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cost of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,393</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(5,046</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross margin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,099</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,328</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Selling expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,011</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,171</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">General and administrative expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(336</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(339</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Research and development expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(567</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(554</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other business income (expense)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>66</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>330</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financial income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(49</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(22</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">158</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>308</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income tax expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(47</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(90</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income after taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">111</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>218</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Results relating to unconsolidated
companies, including a year-to-date
net dilution gain of EUR 8&nbsp;million
(2005: nil)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(42</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(25</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">126</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>151</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">124</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>151</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted average number of common
shares outstanding (after deduction
of treasury stock) during the period
(in thousands)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>&#149;</B> &nbsp;&nbsp;basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,276,078</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,195,716</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>&#149;</B> &nbsp;&nbsp;diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,279,471</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,203,980</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income per common share in euros:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>&#149;</B> &nbsp;&nbsp;basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.13</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>&#149;</B> &nbsp;&nbsp;diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.13</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Ratios</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross margin as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>31.6</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Selling expenses as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(15.6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(15.9</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">G&#038;A expenses as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5.2</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4.6</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">R&#038;D expenses as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8.7</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(7.5</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT or Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>330</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBITA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">289</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>437</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.9</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt">25
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 12pt; margin-top: 6pt; margin-left: 3%">Consolidated balance sheets in accordance with IFRS
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">all amounts in millions of euros unless otherwise stated <BR>
restated for the intended sale of the MDS business
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">March 31,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">December 31,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>March 31,</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,210</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,293</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,389</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Receivables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,445</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,155</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,948</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Assets of discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">367</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">190</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>160</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,523</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,480</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,858</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">727</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">455</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>617</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total current assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,272</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,573</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12,972</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-current assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Investments in unconsolidated companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,764</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,520</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,637</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current financial assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">867</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">673</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,436</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-current receivables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">159</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">213</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>268</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">116</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">126</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>419</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deferred tax assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,094</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,047</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,101</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Property, plant and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,892</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,912</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,891</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Intangible assets excluding goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,356</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,175</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,454</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,537</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,304</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,625</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,057</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,543</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>37,803</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts and notes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,970</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,418</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Liabilities of discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">143</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>115</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,091</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,621</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,530</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">860</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">842</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>822</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">609</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">708</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>766</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dividend payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">504</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>523</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">890</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,168</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,467</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total current liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,084</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,338</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10,641</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-current liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,638</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,339</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,242</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,066</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,817</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,785</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deferred tax liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">314</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">309</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>427</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">796</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,068</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>876</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,898</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,871</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16,971</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">308</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">353</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>367</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,851</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,319</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20,465</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities and equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,057</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,543</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>37,803</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of common shares outstanding (after
deduction of treasury stock) at the end of
period (in thousands)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,261,725</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,201,358</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,188,852</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Ratios</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stockholders&#146; equity per common share in euros</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.98</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.58</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>17.21</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inventories as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt : group equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9:91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">(5):105</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6:94</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Employees at end of period
of which discontinued operations 2,460 end
March&nbsp;2005, 1,780 end December&nbsp;2005 and
1,684 end March&nbsp;2006</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160,857</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">159,226</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>161,498</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">26
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left" style="font-size: 12pt; margin-top: 6pt; margin-left: 3%">Reconciliation from US GAAP to IFRS
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">all amounts in millions of euros unless otherwise stated <BR>
restated for the intended sale of the MDS business
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reconciliation of net income from US GAAP to IFRS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to March</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income as per the consolidated
statements of income on a US GAAP basis</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>160</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjustments to IFRS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Capitalized product development expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">149</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>197</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amortization of product development assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(85</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(109</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Pensions and other postretirement benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(56</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(64</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amortization of intangible assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(16</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unconsolidated companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred income tax effects</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>-</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other differences in income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(10</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(12</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income in accordance with IFRS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">124</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>151</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Reconciliation of stockholders&#146; equity from US GAAP to IFRS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">March 31,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>March 31</B>,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stockholders&#146; equity as per the consolidated balance sheets
on a US GAAP basis</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,506</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20,931</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjustments to IFRS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Product development expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,483</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,747</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Pensions and other postretirement benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,782</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2,089</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Goodwill amortization (until January&nbsp;1, 2004)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(373</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(398</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Goodwill capitalization (acquisition-related)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(39</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Acquisition-related intangibles</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>273</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Assets from discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(50</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unconsolidated companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(247</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(101</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Recognized results on sale-and-leaseback transactions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">94</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>75</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred income tax effects</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">129</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>140</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other differences in equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(24</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Stockholders&#146; equity in accordance with IFRS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,851</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20,465</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt">27
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left" style="font-size: 12pt; margin-top: 6pt; margin-left: 3%">Reconciliation of non-US GAAP performance measures
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">all amounts in millions of euros unless otherwise stated <BR>
restated for the intended sale of the MDS business
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">Certain non-US GAAP financial measures are presented when
discussing the Philips Group&#146;s <BR>performance. In the
following tables, a reconciliation to the most directly
comparable US GAAP <BR>performance measure is made.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sales growth composition (in %)</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="14" style="border-bottom: 1px solid #000000">January to March</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Comparable</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Currency</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Consolidation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Nominal</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">growth</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">effects</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">changes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">growth</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2006 versus 2005</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Medical Systems</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8.2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(0.3</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14.3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9.5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16.3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consumer Electronics</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(9.6</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lighting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19.2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Semiconductors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20.4</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(15.7</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3.1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(0.9</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(13.5</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Philips Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1.9</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13.6</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>EBITA and EBIT to income before taxes</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Philips</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Medical</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Consumer</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Semi-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Other</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Group</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Systems</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">DAP</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Electronics</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Lighting</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">conductors</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Activities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Unallocated</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>January to March&nbsp;2006</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBITA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>377</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>122</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>64</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>58</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>204</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>98</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(67</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(102</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Eliminate amortization
of intangibles</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(42</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(23</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(9</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(9</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT or Income from
operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>335</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>99</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>62</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>58</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>195</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>89</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(67</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(101</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Eliminate financial
income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(23</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>312</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>January to March&nbsp;2005</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBITA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">237</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">149</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(58</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(100</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Eliminate amortization
of intangibles</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(30</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(21</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT or Income from
operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">149</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(59</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(99</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Eliminate financial
income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(49</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">158</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Composition of net debt and group equity</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">March 31,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>March 31</B>,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,608</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,240</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Short-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">889</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,453</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,497</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,693</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,210</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(3,389</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt (total debt less cash and cash equivalents)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,287</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,304</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">305</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>347</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,506</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20,931</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Group equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,811</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>21,278</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt and group equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,098</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22,582</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt divided by net debt and group equity (in %)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Group equity divided by net debt and group equity (in %)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>94</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">28
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left" style="font-size: 12pt; margin-top: 6pt; margin-left: 3%">Reconciliation
of non-US GAAP performance measures (continued)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">all amounts in millions of euros unless otherwise stated
<BR>restated for the intended sale of the MDS business
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Net operating capital to total assets</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Philips</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Medical</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Consumer</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Semi-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Other</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Group</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Systems</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">DAP</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Electronics</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Lighting</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">conductors</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Activities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Unallocated</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>March&nbsp;31, 2006</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10,301</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,362</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,126</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>78</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,665</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,326</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>361</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>383</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Eliminate liabilities comprised in NOC:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> payables/liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,666</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,741</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>418</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,200</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>926</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>819</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,044</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,518</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> intercompany accounts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>35</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>69</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>21</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(158</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(21</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> provisions<SUP>1)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,553</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>253</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>56</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>294</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>134</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>191</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>573</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,052</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Include assets not comprised in NOC:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> investments in unconsolidated
companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,738</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>70</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>289</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,220</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>120</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> other non-current financial assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,436</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,436</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> deferred tax assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,001</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,001</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> liquid assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,389</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,389</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38,084</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,461</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,616</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,660</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,783</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,646</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,040</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15,878</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>210</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38,294</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left">
<DIV style="font-size: 1pt; margin-top: 16pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>
<DIV style="margin-top: 0pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><SUP>1)</SUP></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provisions on balance sheet EUR 3,019&nbsp;million excluding deferred tax liabilities of EUR 466&nbsp;million</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>March&nbsp;31, 2005</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,908</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,058</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">460</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">108</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,617</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,649</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">282</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(266</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Eliminate liabilities comprised in NOC:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> payables/liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,445</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,541</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">305</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,886</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">724</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">738</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">971</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,280</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> intercompany accounts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(134</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(26</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> provisions<SUP style="font-size: 85%; vertical-align: text-top">2)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,705</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">245</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">305</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">139</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">228</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">630</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,101</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Include assets not comprised in NOC:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> investments in unconsolidated
companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,011</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">307</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,521</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> other non-current financial assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">867</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">867</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> deferred tax assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,870</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,870</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> liquid assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,210</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,210</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,016</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,932</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">835</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,393</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,576</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,922</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,270</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,088</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">326</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,342</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><SUP>2)</SUP></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provisions on balance sheet EUR 2,925&nbsp;million excluding deferred tax liabilities of EUR 220&nbsp;million</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Composition of cash flows before financing activities</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to March</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash flows from operating activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(332</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(867</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash flows from investing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(284</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(858</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash flows before financing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(616</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,725</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="right" style="font-size: 10pt">29
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 12pt; margin-top: 12pt">Philips quarterly statistics
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">all
amounts in millions of euros unless otherwise stated; percentage
increases always in relation to the<BR>
 corresponding period of previous year<BR>

restated for the intended sale of the MDS business
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="14" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="14" style="border-bottom: 1px solid #000000"><B>2006</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">3<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">4<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">3<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">4<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> quarter</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,492</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,927</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,458</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,518</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,374</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% increase</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">158</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">443</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">971</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>335</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">983</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,436</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">332</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>160</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">per common share in euros</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.78</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.28</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.13</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">March</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">June</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">September</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">December</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">March</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">June</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">September</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">December</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,492</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,419</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,877</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,395</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,374</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% increase</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">365</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">808</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,779</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>335</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,536</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,868</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>160</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap><DIV style="margin-left:30px; text-indent:-15px">as a % of stockholders&#146;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap><DIV style="margin-left:30px; text-indent:-15px">equity (ROE)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.0</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">per common share in euros</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.87</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.01</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.13</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="14" style="border-bottom: 1px solid #000000">period ending 2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="14" style="border-bottom: 1px solid #000000"><B>period ending 2006</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inventories as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt : group equity ratio</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8:92</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8:92</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0:100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">(5):105</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6:94</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total employees (in thousands)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">161</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">161</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">159</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>161</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">of which discontinued
operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Information also available on Internet, address: www.investor.philips.com<BR>
Printed in the Netherlands
</DIV>



<P align="left" style="font-size: 10pt">30
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Philips opens unique facility showcasing solid-state lighting for City Beautification
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Tuesday, February&nbsp;14, 2006
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Philips announced today the opening of a new facility at its Outdoor Lighting Application Center
(OLAC), near Lyon, France. A full-scale city environment, this unique place is a test-bed for
designers, architects and city officials to experience how light can improve the quality of urban
life. In line with Philips&#146; commitment to growth and innovation in solid-state lighting, it
particularly showcases new technologies such as Light Emitting Diodes (LEDs) and how they can
transform city identities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The new facility, which is built on the existing OLAC site, represents an investment of half a
million Euros on top of the 1.7&nbsp;million Euros already invested. Set up in 1997, OLAC is located
close to Philips&#146; International Competence Centre for Outdoor Lighting. It offers access to
Philips&#146; world-class expertise and application know-how in the field of outdoor lighting and city
beautification. By creating this life-size city environment at OLAC, Philips enables visitors to
see directly how innovative LED lighting can add extra dimensions to architecture and create
varied, appealing ambiences.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Revolution in city lighting
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Solid-state lighting based on LEDs is a revolution in the lighting industry, which offers unique
possibilities for city beautification and secure, attractive lighting of public spaces. LEDs can
adapt automatically to light levels and the time of day. They offer a vast array of colors and
effects far beyond the capabilities of conventional lighting. In addition, they are extremely low-
maintenance and long-life, and are becoming increasingly energy-efficient. LEDs used in street
lighting can last up to 10-15&nbsp;years in continuous normal use.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Perfect location<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Lyon is moreover the perfect location for this new facility. Philips is a key partner for the
city&#146;s beautification, which is world-renowned, and a life-size showcase for Philips&#146; art of
lighting. Lyon is also home to the LUCI association (Lighting Urban Community International), a
network of more than 40 cities from all over the world that desire to share and improve their
lighting strategies.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Positioned for strategic growth<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">With this full-scale test-bed at OLAC now open, Philips provides further evidence of its commitment
to the fast-emerging solid-state lighting as a key element in its growth strategy. The world number
one in lighting, Philips has recently acquired a 96% controlling interest in Lumileds, the global
leader in high-brightness LEDs. Now, by strengthening its unique capabilities in city
beautification, Philips further increases its opportunities in a market expected to grow in the
region of up to 25% per year.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For further information, please contact:<BR>
Jeannet Harpe<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77 199<BR>
email <U>jeannet.harpe@philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Robert Hall
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Philips Lighting<BR>
Tel &#043;31 40 2756476<BR>
email <U>robert.hall@philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About Royal Philips Electronics<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.4&nbsp;billion in 2005. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 159,200 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Forward-looking statements<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">World&#146;s First &#145;Ambient Experience&#146; Cardiology Suite&nbsp;Opens at Catharina Hospital in Eindhoven, the
Netherlands
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Wednesday, February&nbsp;22, 2006
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Catharina Hospital in Eindhoven and Philips today opened the world&#146;s first Ambient Experience
Catheterization Lab (CathLab). The ambient experience design concept aims to improve the workflow
of physicians considerably and reduce anxiety of heart patients undergoing catheterization. Initial
tests show that the Ambient Experience design concept is leading to faster diagnoses, lower
radiation doses and calmer patients.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In a hospital CathLab, doctors insert a thin, flexible tube or catheter in a heart patient&#146;s blood
vessel to allow access to the heart or blood vessels without major surgery. With the help of X-ray
imaging, doctors can then examine and diagnose the patients&#146; blood vessels and/or heart. The
ambient experience CathLab has been designed around the catheterization procedure to support
medical staff and soothe patients during preparation, examination and post procedure.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Advantages for heart patients<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Heart patients can be distracted from the CathLab procedure by choosing a favorite visual theme
that can be viewed on LCD panels on the ceiling. The theme is accompanied by colored lighting that
illuminates the walls and by a sound and scent that also represent the theme. All these senses
together make the environment a comforting and calming atmosphere for the patient, reducing
anxiety. The room is very clean since all cables and ceiling suspended materials are smoothly
integrated in the design of the room.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Advantages for medical staff<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The ambient experience CathLab also has special lighting that improves the physician&#146;s workflow.
Using diffuse light, any shadows or reflections on monitors are eliminated. Furthermore, equal
light distribution makes the room very relaxing and soothing to doctor&#146;s eyes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The physician can check patient data before the procedure starts at the mirror TV that is placed in
the physician preparation room, helping save time. At the tableside, the physician needs to focus
on the patient, not the system. Any interaction with medical equipment that would interfere with
the physician&#146;s focus on the patient should be kept to a minimum. With the Philips voice control
system there is no interaction needed, the system follows the voice command of the physician.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;The first experiments already proved this to be a very important investment for our hospital. The
room design and the lighting are so good, tha it can really speed up our workflow. This might even
result in less radiation, as our first experiments already have shown. My colleagues and I are
also very pleased how this ambient CathLab takes into account the sometimes difficult working
conditions we as physicians encounter &#150; extremely long working hours where concentration and
patient focus are essential,&#148; says cardiologist Jacques Koolen of the Catharina Hospital,
Eindhoven.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Gerard Kleisterlee, CEO of Royal Philips Electronics: &#147;Hospitals find themselves in an increasingly
competitive environment needing to differentiate. Philips can help hospitals
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">achieve exactly that, combining insight into the needs of both patients and healthcare
professionals with unique technological expertise.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For further information please contact:<BR>
Gert van Santen<BR>
Philips Corporate Communications<BR>
Tel &#043;31 40 27 82682<BR>
email <U>gert.van.santen@philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About Royal Philips Electronics<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.4&nbsp;billion in 2005. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 159,200 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Philips to sell Contract Manufacturing Services France SAS (CMS)&nbsp;to Groupe Attel
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Friday, February&nbsp;24, 2006
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amsterdam, The Netherlands and Paris, France &#150; Royal Philips Electronics (NYSE:PHG, AEX:PHI) and
Groupe Attel, a manufacturer of high-frequency wireless telecommunications applications, today
announced the completion of the sale of Philips-owned Contract Manufacturing Services France SAS
(CMS)&nbsp;to Groupe Attel of France. Financial details of this transaction were not disclosed. The deal
closed in January&nbsp;2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">CMS is a manufacturer of high-frequency niche telecommunications applications, and is part of
Philips Corporate Investments, which is within Philips&#146; Other Activities business segment. CMS
employs approximately 80 people in Louviers, France, who will transfer to Groupe Attel. Groupe
Attel makes up part of Group Mazarin &#150; a Paris-based telecoms holding company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For further information, please contact:<BR>
Jayson Otke<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 5977215<BR>
email <U>jayson.otke@philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Isabelle Lescalle<BR>
Groupe Attel Corporate Communication<BR>
Tel &#043;33 1 41 30 83 99<BR>
email <U>isabelle.lescalle@attel.fr</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About Royal Philips Electronics<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.4&nbsp;billion in 2005. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 159,200 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About Groupe Attel<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Groupe ATTEL, French group based in Paris, proposes offers and services in the manufacturing and
the management of high value added products in technologies such as RF (WiFi, Bluetooth, RFID),
wireless, GPS, GPRS, biometrie, TVHD. With its 3 subsidiaries, Attel industry, Attel telecom and
Attel international, Groupe Attel represents 180 employees and
<font face="times new roman,times">&#128;</font>30&nbsp;millions of turnover and is
present in France, Southern Europe and Africa. More information on
<U>www.attel.fr.</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Forward-looking statements<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in
the future and there are many factors that could cause actual results and developments to differ
materially from those expressed or implied by these forward-looking statements.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Philips completes EUR 1.5&nbsp;billion share buyback program
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Tuesday, February&nbsp;28, 2006
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amsterdam, The Netherlands &#150; Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced it has
completed a EUR 1.5&nbsp;billion share buyback program for the purpose of capital reduction. The program
was launched on August&nbsp;15, 2005. This program followed a first share buyback program launched on
January&nbsp;27, 2005, through which Philips bought back EUR 750&nbsp;million worth of shares for the purpose
of capital reduction (EUR 500&nbsp;million) and to hedge long-term incentive and employee stock purchase
plans (EUR 250&nbsp;million). Through these two share buyback programs, Philips bought back
approximately 99.1&nbsp;million of its own shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Following shareholder approval at Philips&#146; Annual General Meeting of Shareholders on March&nbsp;30,
2006, Philips will cancel 86.8&nbsp;million of these shares. This will leave Philips with a total of
1,229.3&nbsp;million shares issued. Philips holds 42.0&nbsp;million shares for hedging of long-term incentive
and employee stock purchase plans at this moment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Philips expects to account for the cancellation of these shares in its second quarter 2006 results.
Philips will continue to evaluate the best use of its available cash from a shareholder value
creation perspective.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For further information, please contact:<BR>
Jayson Otke<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 5977215<BR>
email <U>jayson.otke@philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About Royal Philips Electronics<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.4&nbsp;billion in 2005. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 159,200 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Turnover of Philips&#146; Green Flagship products doubles to 2&nbsp;billion Euros
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Monday, March&nbsp;06, 2006
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Philips launches 2005 Sustainability Report, showing major achievements and creating value in
sustainability
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In its annual sustainability report published today, Philips shows positive results from its focus
on key global environmental challenges and innovations for emerging markets. Chief among these were
the launch of 50 new &#145;Green Flagships&#146; products, bringing the total to more than 160. These
products have a significantly reduced environmental impact. In addition, New Sustainable Business
Initiative pilots were successfully completed and new ones started, aiming to create both social
and economic return on investment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Barbara Kux, Chief Procurement Officer Philips, member of the GMC and Chair of the Sustainability
Board: &#147;Philips is dedicated to embedding sustainability throughout our organization. The doubling
of our Green Flagship products&#146; turnover in 2005, from 1&nbsp;billion Euros in 2004 to 2&nbsp;billion in
2005, is a major achievement and sets new goals for sustainable value creation and growth.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Green Flagship products<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Green Flagship products provide concrete examples of how Philips improves the quality of life and
tackles the issues &#151; such as global warming &#151; that resonate with consumers worldwide. Green
Flagship products must be proven to offer substantial better environmental performance than their
predecessors or closest commercial competitors on energy consumption, packaging, hazardous
substances, weight, recycling &#038; disposal and lifetime reliability. These products now account for a
turnover of 2&nbsp;billion Euros, double that of 2004.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Among 2005&#146;s additions are: new digital radiography systems which cut energy consumption by 41%,
Flat TVs which use 39 % less energy and contain no hazardous substances; and an internal active
antenna for portable TVs which uses 40% less energy and offers 85% lower product weight compared to
its competitor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Philips sees sustainable business as central to long-term profitable growth and value creation. In
the last five years, it has invested over 400&nbsp;million Euros in green lighting technologies. 2005
saw it launch a number of new energy-efficient products &#150; also Green Flagships &#150; with the potential
to drastically reduce CO<SUB style="font-size: 85%; vertical-align: text-bottom">2</SUB> emissions.Philips has just released research showing that new
energy efficient lighting control systems, such as ActiLume and LightMaster Modular, could lead to
1-2&nbsp;billion Euros in cost savings and reduce CO<SUB style="font-size: 85%; vertical-align: text-bottom">2</SUB> emissions equivalent to the planting of
300&nbsp;million trees.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">New Sustainable Business Initiative pilots<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During 2005, Philips also completed pilots of New Sustainable Business Initiatives (NSBIs) and
continued with its innovations designed to improve the quality of life for all consumers,
especially those at the base of the global economic pyramid. DISHA &#150; whose first pilot was
successfully concluded in 2005 &#150; is based around a mobile &#145;teleclinic&#146; with multi-diagnostic
capabilities and a satellite link to a remote specialist hospital. A second pilot with the same
four non-Philips strategic partners will be launched in 2006. This will further develop and refine
the project design, hardware configuration and service model, and will include a &#145;hub&#146; van and
other smaller vehicles.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A new pilot among the number of business initiatives started is a cost-effective rechargeable
lighting solution for people in the developing world. These lighting solutions do not need grid
electricity and reduce the use of conventional environmental unfriendly materials for a better
health and hygiene at home.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Also successful in trials was a woodstove that reduces smoke and toxic emissions. Designed for
cooking in developing countries, the stove could benefit up to 300&nbsp;million families in the world&#146;s
poorest regions and help reduce the smoke-related diseases that lead to some 1.6&nbsp;million deaths
each year. Used properly, the woodstove reduces fuel consumption by up to 80% and generates
electricity, which can power external equipment such as lighting or radios.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Jeannet Harpe<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77 199<BR>
email <U>jeannet.harpe@philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About Royal Philips Electronics<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.4&nbsp;billion in 2005. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 159,200 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Philips to acquire cardiology healthcare company Witt Biomedical corporation
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Wednesday, March&nbsp;08, 2006
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Move to
position Philips as leader in growing market for integrated Cath Lab
solutions Philips and Witt Biomedical Corporation today announced
Philips will acquire Witt Biomedical Corporation, the largest
independent supplier of hemodynamic monitoring and clinical reporting
systems used in cardiology catheterization laboratories (Cath Labs).
Subject to receipt of regulatory approval, Philips will acquire Witt Biomedical for
approximately USD 165&nbsp;million. The transaction is expected to close in the
second quarter of 2006.

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In hospital Cath Labs, heart patients undergo a catheterization procedure, in which a small tube or
catheter is inserted in an artery in the arm or leg to reach the heart for diagnosis and treatment.
With the growing digitization of hospitals, cardiologists are increasingly demanding that Cath Labs
be fully integrated into a hospital&#146;s IT infrastructure. Hemodynamic monitors measure and monitor a
patient&#146;s ECG (electrocardiogram), blood pressure and other vital signs associated with a Cath Lab
procedure. Clinical reporting systems record and document the entire Cath Lab procedure.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Through this acquisition, both companies expect to benefit from being able to offer customers an
integrated suite of best-in-class technologies for the Cath Lab department, leading to increased
sales in cardiovascular x-ray, cardiology picture archiving and communication systems (PACS), and
in hemodynamic monitoring and reporting systems. Based on company estimates, Philips in 2005 held
the number one global position in cardiovascular x-ray and in cardiology PACS. In hemodynamic
monitoring and clinical reporting systems, Witt Biomedical was the largest independent supplier in
the United States in 2005, and was the number 2 supplier in the global market.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">According to Witt Biomedical, the company&#146;s unaudited results for 2005 were sales of approximately
USD 49&nbsp;million &#150; representing a growth in sales of 18% over 2004, and an operating margin of 30%.
Philips expects the acquisition of Witt Biomedical to be margin accretive from 2008 onwards, with
initial margin dilution due to purchase accounting treatment. Upon completion of the acquisition,
Witt Biomedical will be integrated into the Cardiovascular X-ray business unit within Philips&#146;
Medical Systems Division.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;Through this latest acquisition, Philips is again partnering with a best-in-class company with an
outstanding customer approval rating. Witt Biomedical is not only an exceptional company with an
established track record in developing innovative solutions for the Cath Lab &#150; it&#146;s also a leader
in its field. In 2005, the vendor reviewer KLAS ranked Witt Biomedical number 1 in the Hemodynamics
and Clinical Reporting market,&#148; said Jouko Karvinen, CEO of Philips Medical Systems. &#147;By merging
Witt Biomedical with Philips&#146; successful number one position in the cardiovascular X-ray and
cardiovascular PACS markets, we intend to obtain a leading position in the growing market for fully
integrated Cath Labs,&#148; Mr.&nbsp;Karvinen added.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In commenting on the acquisition, Terence Witt, founder and CEO of Witt Biomedical said: &#147;In the
healthcare industry, Philips is known for its high quality medical equipment and for putting
customers first &#150; an approach we fully share. And with Philips&#146; global reach, there&#146;s clearly an
opportunity for Witt Biomedical to further build on our presence beyond our base
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">in North America.&#148; Mr.&nbsp;Witt added: &#147;We believe this deal makes sense for our current and future
customers, as we combine our respective strengths in cardiology.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For further information, please contact:<BR>
Jayson Otke<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 5977215<BR>
email <U>jayson.otke@philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ruth Hurley<BR>
Witt Biomedical Corporation<BR>
Tel &#043;1 321 253 5693<BR>
email <U>Rhurley@wittbiomedical.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About Royal Philips Electronics<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.4&nbsp;billion in 2005. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 159,200 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About Witt Biomedical<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Founded in 1990 in Melbourne, FL, Witt Biomedical Corporation designs and delivers innovative
cardiovascular enterprise solutions that encompass physiomonitoring and information systems for the
cath lab, as well as multimodality image and information management technologies. More than 950
facilities worldwide use Witt technology for millions of cardiovascular procedures annually. In
2005, Witt was named &#147;Best in KLAS&#148; for two KLAS market segments, Cardiology PACS and Cardiology
Reporting &#038; Documenting. In addition, the 2005 Top 20 Year-End Best in KLAS report named Witt
Biomedical the Specialty Niche Category Leader for Cardiology Hemodynamics. All Witt products are
seamlessly integrated and backed by knowledgeable customer support experts. For more information,
call 800.669.1328 or visit <U>www.wittbiomedical.com</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Forward-looking statements<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Philips announces divestment of Anteryon B.V.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thursday, March&nbsp;09, 2006
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amsterdam, The Netherlands <B>-</B>Royal Philips Electronics (NYSE:PHG, AEX:PHI) and Anteryon B.V. today
announced that Anteryon International B.V. has acquired all Philips&#146; shares in Anteryon B.V. Main
shareholder of Anteryon International B.V. is Cosyma B.V. As part of the transaction, Philips has
received a 10% stake in Anteryon International B.V. Further financial details of this transaction
were not disclosed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Anteryon develops, manufactures and markets a range of professional optical products for the
Industrial Optics, Imaging &#038; Display, and Data &#038; Telecom markets. Anteryon, who were part of
Philips Corporate Investments and based in Eindhoven, employs approximately 105 people in The
Netherlands
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For further information, please contact:<BR>
Jeannet Harpe<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77 199<BR>
email <U>jeannet.harpe@philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Geoff Bertenshaw<BR>
Anteryon B.V.<BR>
Tel &#043;31 40 2788543<BR>
email <U>Geoff.Bertenshaw@anteryon.philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About Royal Philips Electronics<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.4&nbsp;billion in 2005. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 159,200 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Forward-looking statements<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Philips and De Lage Landen Announce Medical Financing in Asia Pacific
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Friday, March&nbsp;10, 2006
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Philips Medical Systems has announced an agreement with De Lage Landen International BV (DLL)&nbsp;to
provide financing for customers in the Asia Pacific region through a vendor program branded Philips
Medical Capital. The program will cover seven markets in the region; namely China, Hong Kong,
Japan, Korea, Singapore, Australia and New Zealand.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Agreement was signed today and is an extension of a global initiative that Philips launched
several years ago to provide financing for customers. In August&nbsp;2002, Philips partnered with DLL to
serve customers in the North American market. In June&nbsp;2003, Philips teamed up with Societe Generale
to provide financing for customers in Europe.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Philips Medical Capital provides financing and leasing services for the purchase of the full range
of diagnostic imaging, patient monitoring and other medical equipment sold by Philips. The program
will be rolled out in the above-designated countries in the Asia Pacific region in the coming
months.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Commenting on this initiative, Scott Weisenhoff, Executive Vice President and CFO of Philips
Medical Systems, said, &#147;We are very pleased to be able to offer customers a total program which
will make it easier for customers in Asia Pacific to acquire world-class healthcare solutions.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ronald Slaats, Executive Director of De Lage Landen Americas Division said, &#147;We are proud to extend
our partnership with Philips Medical Systems into the Asia Pacific region. With DLL&#146;s extensive
global network and Philips Medical Systems&#146; world class equipment, we know we will be successful in
the world&#146;s fastest growing market.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For further information, please contact:<BR>
Margaret Lee<BR>
Philips Medical Systems<BR>
Tel &#043;65 6882-4480<BR>
email <U>Margaret.k.lee@philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Donough Foley<BR>
Philips Electronics Asia Pacific<BR>
Tel &#043;852 2821-5274<BR>
email <U>donough.foley@philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Scott Bradley<BR>
De Lage Landen International B.V.<BR>
Tel &#043;65 6236-5706<BR>
email <U>s.bradley@delagelanden.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About Royal Philips Electronics<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.4&nbsp;billion in 2005. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 159,200 employees in
more than 60 countries, it has market leadership positions in medical</I>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>diagnostic imaging and patient monitoring, color television sets, electric shavers, lighting and
silicon system solutions. News from Philips is located at <U>www.philips.com/newscenter</U></I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About De Lage Landen International B.V.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">De Lage Landen is a Netherlands based international provider of high-quality asset finance and
vendor finance programs. The global offering also includes an array of commercial finance
solutions. With a presence in more than 20 countries throughout Europe, the Americas and Asia
Pacific the company focuses on the following industries: Food &#038; Agriculture, Healthcare, Office
Equipment, Telecommunications, Technology Finance, Materials Handling &#038; Construction Equipment and
Financial Institutions. In its domestic market the company offers Equipment Leasing, Car &#038;
Commercial Vehicle Leasing, ICT Leasing, Consumer Finance and Trade Finance through local Rabobanks
but also direct to market. De Lage Landen is a wholly owned subsidiary of the Dutch Rabobank Group
that is AAA-rated by Moody&#146;s and Standard &#038; Poors. Over 2004 De Lage Landen grew its net profit to
$ 174&nbsp;million and its balance sheet total to $ 20&nbsp;billion.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">For more information, please visit our website: <U>www.delagelanden.com</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Safe harbor statement
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Philips invests EUR 30&nbsp;million in its lighting plant in Aachen
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thursday, March&nbsp;23, 2006
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amsterdam, The Netherlands &#150; Royal Philips Electronics (NYSE: PHG, AEX: PHI) has announced an
investment of approximately EUR 30&nbsp;million in its automotive head lighting competence centre in
Aachen, Germany. The investment will pay for the installation of an ultra-modern production line
for Philips&#146; Xenon car headlamps. This will enable Philips to meet the increasing demand for Xenon
lighting and strengthen its position as the global number one supplier of such lamps.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Philips Xenon lamps are used by almost all of today&#146;s car manufacturers across the world, from the
top of the range, such as BMW, Mercedes and Porsche to the more widely established, such as Ford,
Toyota and Volkswagen. The headlights use a gas-discharge arc instead of a bulb filament, producing
three times as much light and consuming 50&nbsp;percent less energy than traditional halogen headlights.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The lamps increase safety for drivers by offering greater visibility and illuminating much sooner
what&#146;s ahead on the road, whether this be obstacles, signs, others vehicles or pedestrians and
cyclists. In addition, they stimulate the human eye in darkness or poor light, which helps reduce
driver fatigue.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;This investment confirms our continuing ambition to grow and strengthen our position in the
automotive lighting industry,&#148; says Mr.&nbsp;Paul van den Kerkhoff, Manager of the Aachen Competence
Centre. &#147;We continue to innovate, raise our level of knowledge and strengthen our technology
leadership to offer tailor-made solutions that specifically address the customers&#146; requirements.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For further information, please contact:<BR>
Jeannet Harpe<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77 199<BR>
email <U>jeannet.harpe@philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About Royal Philips Electronics<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.4&nbsp;billion in 2005. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 159,200 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Forward-looking statements<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Philips closes acquisition of Lifeline Systems, Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thursday, March&nbsp;23, 2006
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amsterdam, The Netherlands &#151; Royal Philips Electronics (NYSE: PHG, AEX: PHI) announced today that
it has closed its acquisition of Lifeline Systems, Inc., a leading personal emergency response
service company. Under the terms of the merger agreement announced on January&nbsp;19, 2006, Lifeline
shareholders received USD47.75 per share in cash, representing a total aggregate value of USD690
million net, of USD60&nbsp;million cash and cash equivalents. As a result of the transaction, Lifeline
Systems will be financially consolidated with immediate effect within the Consumer Health and
Wellness business of Philips Domestic Appliances and Personal Care product division.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For further information, please contact:<BR>
Jeannet Harpe<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77 199<BR>
email <U>jeannet.harpe@philips.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">About Royal Philips Electronics<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.4&nbsp;billion in 2005. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 159,200 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Forward-looking statements<BR>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>u50149u5014901.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014901.gif
M1TE&.#EALP`S`.8``.;FY<_.SDQ+2W=V=BTL+#P[.^[N[JFIJ7%P<**AH;Z]
MOK*RLFUL;;FYN?KZ^LK*ROS\_20C(^KJZN+BXC,S,\#`P)Z=G9&0D(F)B1P;
M&Z:EIM;6UJVMK5I966%A87Y]?<;&QK6UM7EX>`H)"?CX^-K:VIF8F-+2TD9%
M1=W<W/3T]!,2$E%144!`0/+R\HZ.CE9559:5E=[>WEU=7?#P\&9E9?;V]H>&
MAH*!@NCHZ&II:>SM["`>'\/#PU=75S<V-L"_O_[^_C@W./7V]2\N+_?X]["O
MKZNKJVQK;$]/3G]_?WM[>P\.#A@7%\S,RV]N;DA'1_O\^^?GYW=W=_'Q\7AW
M>-O;VZ.CHT1$1+BWN"@G)]_?WX2#@W1T=%E86(B'AR$@(%134S$P,(2#A'-S
M<H2$@_'R\:"@H%M;6^3DXVQL;+R[O-34U&!?7W1S=!$0$,O+R\?'QSDX.&=G
M9_O[^ZBGJ+N[N[R\O,C(R.#@X/GY^8N+BX&`@$)!00,"`O___R'Y!```````
M+`````"S`#,```?_@'^"@UL(?8>(B8J+C(V.CY"1DI.4E9:2?`:#FV<L?$";
MH:*CI'\&?'ZIJJNLK:ZOL+&RL[2UMK9GFH,7?*6^OX,&8+?$Q<;'R,FK+((&
M'@C`T:6HRM76U]BT6W\(H-+?H2S9X^3ER-`>X.J#?>;N[_"M+`'KZ^WQ^/G9
M??7V^O\`C_'K!^Z>+3F'6KP)V"K#H14,E0TD*,W@K!H;-AEX`3&B'P:"+'HD
M-I$B,)&O1C0@E2;"-1X:B*D).=*5F#.R2IKTA=(5!D%T/A#1\F2"H!(CJC6Q
M`H08R#\]/6;(<23GSFA15VFA\X=.@55,2@B:46#*E%1,I@R@X*?`$CY\_WPP
M\2-@P!P_8?BP</(GA=FO8D3P$:$EE5D63!A\V"/(Q!0RJN94:;.JK!L_6/AX
M\<-#!Q\E6%)UJ-(!"EP4JIB$4<*'3&$_':9T\-.&#Q:^)_Z^TGEU5%953P0E
M:*5#T)E>?U+Q$*3&0J@%?IRGF`%A%!\$>OZ0^*-BAA]!1PX(LB$HBR`Y?EH(
MZK*JUQ`!7*%JHE,]AA]0+C;=\`.&7A`'W-5PWQ]`X$`*-:WPUELHOZ52AR`(
MJC(0$,@IQYP"&O11`%_).0>`%%;LT```?P1P2`?5?>&''"2XH(4@)+)1A%A_
MP"#!'Q;XP<$?0\RE2B]%I"`%`">0F$43/%CQ!_\+^'6!@C<%K&2`'",X1X<<
MH*0QA!4&G"%(!8<,XXJ""[(SRP6"[,<*#((842%GS!&1B@\]"!*=(&N\L0(!
M*1"8BA*"Q`"7454,\H$?6GP0DH%>;:=B>X($L,((!OZA`5R@9`%*4WYDD)V7
M?UR1R@J":."-!2/P0`!X5I5)2H-T"2)%4JN(]X=@=L+YAQIO7`!@#G8Z%X2<
MJ?3)J7.B'"'(!JH\U4<&@ICQ!P2O_4B3'\B%`L2FJO1IU*VJ"+*M*1F$^T=5
ML9#I*JPCT%C!0GZ,@"9W8+SYXJXGE*C%%,'VM8JQJ=PP;;FKL)J*LWY<,0@'
MK;BG2CI_0,$*MWZL4,3_'PD(DJ,?;PBR`,6I",)PNJZ^2@L1ND!P`@CQ#0&#
M'R((\@0%<6@LR`4)GU=S"JN`HD(8+,001*CE9O#!'`9_1),60P?!%BL.IS+"
MC26P-8('=8`B11\_V(H%*!(49L*T?8#LAU$2)-&!=V/^$@0(AIQHQ!"C^'"(
M+IO`FHH8?8:2!VH<2S$(C0-L$X0$>`_-\\-#0_@!@'ILX4`4,R2-\`A<*>!*
MU*FTH$D0$ZB`HS>;X*Q%GT7<J,<``W*:RDR#1+B*NG],T),6#XC"0RHW,FC+
M""S4*0@-+-#*GP4**)$!7$)$<$4##$2@00AH>,''$ZQ`880"%PQ#P0L*W/&%
M_YQP^:"*$'`-`TW$8_*Q!"L\D*&I!1*#$H`("A@A3BIO>!""`B\@0"H\P`</
ML`(-__N"F!)4"CCXZ!4/VL3N_-"[O!4##23:Q'!JXH<=_,$)RC";.<A$!Y?X
M@0D8R(X#-#!!/VQC$!.LH)F*,0(&Y.X/:JI)$F060C_!@TR/8@(>_$8PB`DB
MAJ+0&RQ2Q<%4@.`/$C#>,418#C+=PPNCJ$(JFI"=(_(NB4VLQ@@.(4!E0&$&
M$OLA*4RH@5&,S`_T\"(%P1C&.N:#3":,8"B,H(I\R5&&U[*C(,NQ`C"0J06I
MP*(HWN>')E3GCTG<WR`G>8VXD4($4LO()G(@)B/^`?^)#/J#["A)2F+TXA"D
MH$(3^/<"H^1``P0;@>!@^,50_F$+O+B$+G?)RU[Z<A$(N,`+44D*$#SPA*L8
M@;(D6,N\E>R9T(PF5FAW@FIIY8FA`*4SI<G-;D:3F+Y8`-M2T0=`"N(%<!&=
M+;W)SG::!)R_X,`J54&`&G3@6[^@G3OWR<\DZG,3=,!`&3GCQY/\P@1(0`(9
M^I$#M=G@`DCXR2B6@(1Y">(!2!!#`3#@P5)(X`)0((`/CO#(/\0`"X'!YPGF
M((8.K&03>R```2H@37A&(PA.,($.,H@57U#!>`NH!Q_]L(!V"($4NYM(`!:2
M@;D40)VC^`$KN"`()6B%"G__V$!'4M%&0<`A*5#@IDVA23L,S*X>4F@!%FQ@
M5*3Z82+F8X(!0$C44A"@#PTP05*:X(`))-(^?J"J.)IP``%"ZP\.^,H(7OC-
M?UZ%=BYIPCUN&(HBE'03$+AL.^3@UHFTXP>YBD$I[-`X[%%014RXD<0*D(:D
ME.$/(4@%/7#B!X&)U;$[41=T:*,Y/_A@$.0DF!JJLSL^5"`I`BA66T>1U$&H
M:`0&Z&W-@/$^'D!@-IS]PZ&88(=4&*%$`8/`/+O@JYKB]IVE"(,3AY6*#-*S
MC!WXI!_(X*,D*-</1V7N6P=1!/.IX@O2&`82_B"$_8J2JZD`6RKX8`)6$(!N
M9#TO_T7(!(!44"!-J5!4<OS@!D&PS@\RV-T(GL3@^^97=P;^@Q'F\H-A1`"?
MI;!/$VXDU8%00U0#RL&"0^,'!`C(#Q)]YEB%3(H7I"()1SA"@SN%U04+(@X)
MWAT3L.K#%"P7Q0,)0F%:<+BDM.$7:9C+V/Z0W`)4-5Y92$4(_L"&!2?%S'\H
MC(35,>22*2@*`VV%<YS\!SA$V0]=&`2GK(S?S@IB!WR6DSY#@X5'OF\%V?$.
M!=KLAQ?\H;=92,I`OC+G@HB!L=\<16S]0($!F&4*[$$4'?ALV@D45]`F-O3`
M_!!6!R#W%#L2A9%[#!<[X"$58V"6'Y!68"(`P+XCN&[%>O]PAU0LX9L!6%]-
M1V%?/X!J$%_1$5H0@(94,./5XHJU?B=B5;H\K0(,2`6'!L$&*?J!7X!3149V
MJXJ%^CF9,'95.EB`-V@R(Q0`$`,!B'#9/Q26`)1!U.XRH`.N8($`HKVH3"?@
M`0(H4A0/-V(0OE#&/NP(9W[0XQ^*(`"9FIP`EE:!7$B]AD&<H3!-Z$)\[*!8
M*`P1FD"`!A"8),T+7!L<"X:``0I>)AI`]0\"O+DT2-#O8!!=!>21)@M>Z(PX
M0A,!WU4'G]N):`$TKI\[R;E&$."!K)?,``A`@-6CL75V7F$/-`#[3HQ`]J:;
M@@^'("!<]L[WOOO][WOWP`H\`7@POY.S\(A/O.(7S_C&.S[QG@`U*;90@<I;
:_O*8S[SF-\_YSGO^\Z`/O>A'3_K.BR(0`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>u50149u5014902.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014902.gif
M1TE&.#EA(`'"`.8``)BFR;R\O,O+RU1KI;K#VT)!0:2DI+2TM)N;F^7MSV-X
MKOW]_JRLK-[>WL3$Q#@X./;V]HN:PHR+B^KL]+*\UY.2DOKZ^FQL;%134_/T
M^<O2Y&1C8W1T=-;6UNWM[7N-NDM+2^7EY<;.X7M[>^KJZJFTTDICH%Q<7.'A
MX76'M]WA[?GZ_-+1TJ2QS]7:Z>/F\(&`@(&2O=+8Y]K:VB8F)EMQJ:"MS:ZX
MU0,"`O+R\A<6%MG>ZZ.PSW*%M8:6P&R`LH6%A<_5YN?J\^WO]I"?Q<#)WG>*
MM^#D[WZ0O/#R]U]?7W7!XK'+;Z/6[/?X]_?X^U!/3V=F9G=W=X^.CHB'AZ^O
MK_O[^^?GYYB7EX2#A&:QTHF(B/3S]$='1CX]/2\N+FEH:+&QL5E86)^>GL?'
MQ_3T]-33U)C0Z8B8P6%@8']^?H.$@T!`0,#!P%=65H."@F]O;]#0T._O[S(Q
M,8B(B,_.SI"0D+BWN*"@H/S\_OS[_*BGIYBZ0,"_OTBMV?___R'Y!```````
M+``````@`<(```?_@'^"@X))+D*$B8J+B7H[>8R1DHDJ3Y.7F)F:FYR=GI^@
MH:`J1B:F/P"8-3*123\F/C6BBAE()BVSN9PO$[J10T>+*RZ**RJ^R,F7!+`O
M?QD4/ZJLC&@_>D&RR!0*O<K?B1\VX(,E*8LN)I"$!`/KY/"Y0R:IG:N11N,R
MVKX11O')B@QZETQ%,$$+&*V;H&$@P(>A>`S0LT@&D1@W("6Q(2[)GQH$`,00
MR$Z!$1G[!`GA2$3$'STM#A*@)H+`@AM(`.P@%.2'`@)_6KRP0021!B+B$/TA
M(*($$@(;1RXB$"%&B2%_A+382L%;AA8?=`IJ,83HCJ,Q*$"B<*N%E9E__XHT
M15*"8@8"6UM0$R2B*H5!,@`@L9$AR``B0F40^(IU:1&M?U0H0*)7R`U!.P!\
M*)$AJ^`6G2&*)A2A!Z,8/-K]):(@<)"//X(4,;%S$`&3*&4E41!#0XD!)?Y\
M(/)GR`#3?Q242*?AQN5!&GP"-?&!PH<C[4IHB%&CEY$:16;_*,+6&2$>($7X
M7"&#GHT?-3Q^^!"DQ0"/)M#@E!'A1CL121#1U@I&X!(+`1H,<)D//Y2@0%&$
MU$`!!0.PXL(`:(A`Q`LWF(#8"RW\8T0JQHG0WE*3Z962$`/P((,1:/P100I!
M$%';:*,1(<TBH7V`BPTUF/?1:W_T`!0A!?Z14O\)/R3T!X40:&!"!@[2)L,`
M0ZA@PE^*^/#/'R:X)$B+"*'RAQ$\"-(#E\`1\D28@F2@8'O!+-#@#B9H@)("
M+IEPY#-JXG*B($GZ,,X?-D3P1X5_B#!`(H@LT,./7PYB`C4A-CK`"MRP9P*A
M7*;4P@\H49@$``H(B>-H'7I4#`&QX)(!$6U^1(T17`Z29$J#`68",0IP@Q,1
M:!#WQV]HA#:(EX*8<$RS1"+ZP9FXG,EE#=5B9@)%@J2@EPD'<=2>$>0:(9"S
M@SQ!@0\#"/HIH096VX(/?\00@0Q(Q)#("B6PBXLXB5PZUC\K*/C#98/B*DA*
M:-10KA%'9(#&`+FN"I'_'C6D8,D@P>3TAP_97GC9/=8FLJLL3`Y2Q``0+&5"
M?.V9(&0&*>A+"+-@'K1H<&JFDF3)'V7[QYL-_;'`G.`*\H,-1R2-4,Z#]+KK
MN]1^+"^]&=2P],:#'%RU2`%C^N5O\2GYKL)*RL+-(`LX>2%)%D.TPP`UV$"!
M4Y\J<,,3/_"00004N("MK:":+*@L$]2`A@84'GJTL0KLJ($-+B!1J2`X.[T4
MQ4?)7#70@Q/"&E/?/=&>#1J@80(B:.A-59\Z__2$`G[/0P$!+Q1Z-8J-!5S$
M;F1)V=(-KSTH@@:9#NWAPN]^D`+C*27^%)-/H$%!-G_&_5`&-I3;TI-&1*"9
M_PH$6![!"O4^"X"8@P``E`HVJX"&$=6=9YY<@KPP?PRJ_L%#/490BB`(\`$C
M^*`V[A/$^@01@^P-S`A$Z$5[4F!`8@R-".0"`%8".`@*A`\IQ[B!$9#P@@2F
M9H`\>,)OZ,8#]`U"A$1`2C!$8+D/$",(!:Q)/?YP@V>1(G\Q,$()X"<(%P2Q
M.@L@0`9=J+TF.O&)='K(;8:P`!74H&A/S*(6MXBC*`*D"`K8009V4(-H<?&,
M:$SC++P8#SW<X!4_H("3U$C'.MKQCGC,HQ[WR,<^PD,$#PND(`=)R$(:\I"(
M3*0B%\G(1CKRD9",I"0GR4@'^O&2F,RD)C?)R4YZ\O^3H`RE*$=)RE*:\I2H
M_$,8)M&`.HRA#V-8Y2;`4(54VC*49/A#!_K@!$%T(`XSJ,,,2-"`5XY!`']`
M01]R((<X].$/+$"F($C0!V(JP0*"$*8N==F`;EJ@#PV`9AUN24XZ*N$/8L""
M`02AA`"`X`XG@*4Q8>"$-`3@`GV`@QVJ((9U"@(,?4A#!]*`30=,X0(0.*<2
M8!"&.\`A`&!H``;&4,Z*GO&<,&@`#-CY!X7*$Y8PZ(`=_A`%6&JT#1MHV1^D
M\`<J=&"C?\!"&F`0@@UT%*8G^,,=^@!1B_HTBQC5*$<].H9Y_H$#<$"`26%P
M@1-P01!8@,,4_@#3$+@!H6K_F`(48.I0#EC@`F#XJ5C'2M:RFO6L:$VK'L$Y
MB"N`@0-R(`$<X&H%*FP@!&K-ZQYA\,Q_'J`"4P!#&"K``0.H@0P@T*MB[\C7
M013V#0B0`@+>(`$#2"`$.%BL9M786$&,`0,@(,,!NA!:*T@A"E#8K&JYV-D_
M8``"?8#!:_O@!J.)(0"KS>T3&PN$.^R!#04(P!Z\4(`[4'6DNDVN$]L03A1<
M01!7>.X?GJK<ZEKWNMC-KG:WR]WN>O>[X`VO>)%1!1I@8!TS>``4+)!>$%@`
M!5X``5['2U]&=&"E>!`$%!I@@"WL]PY;B`(+'%K?`B]""KC]0VV=<((%*T$'
M?W!"_P$8T0`Y&!B\5TBL(#`0X1-PF,$0EC`C"M#7"W-W`6E`P1](``$HA*`*
M5,!`"/I`A30TH`\7&'&)3:S=`$!AH78P`!FZ``4/.("T'N@`:>>K"!+S&+P=
M4+$GG/SD*NLXKV=8@I:WS.4N>_G+8-ZRE05!Y;0NP0]H3K.:U\SF-KLYS6/^
M0YG1>N8WV_G.;H[SG,]:9SS[&<]ZWC&?_TQH.P<ZKWTNM*+A/.8]FS71BU;T
MH=4*Z4@3>M)FMG2D,4UG32^:TX/V=*%!_6A1C[JZ>,AO-@M0`">DMPOOC:]T
MFRSH4IOZS]:%`4S_T`<&Z'?&-;YQCA?AZ+)6^M9YKJZN!_\QY)%^^`0AGC"Q
M:VUL9/LYU[LVV@D"\.QHC]@.?0BWN,=-[G*;^]SH3K>ZU\UN=FO!VGANM[SG
M3>]ZV[O<X93$LEG<,EK^-\`#AL.5*0WO.ULWU7\8`Q[40`.;MO>];`#!K!-1
M;+(>N^",OFZ4/U'QL5X<XWX@=;5!WF:16YSD)6\TM4^.\C6;W.,M=[G*$1US
M-;]<K!_'^,U_FO."[]RG/8?WSRT:=&L/O:)%1_;1RYGT6UNWFX00P`P$(0`6
M9-/J`\]TS=&,[4%4(`I>$$`%/"R`/6```PFF-<VW'G)E[QH#3NB`%.`^`RFT
M>@8:5CO!V=[U#6^8PZZ%L)R_?>__PAO^\/5^-]L1S_C&.U[<^8[$L@4AAC]<
M`0Z5E^L7+"]MO6M]ZUWOPPPN,`8E[.$"6!@!`X`PA1%@(>N=YGMUH5X%!D!@
M#+B%@`$.8+0]'&".%%\YS&5_73D`?Q,=QSG;VV[EY/-\^4LG9]--'?U;3E_4
MU;?E]3V=_51N7]/=1^7W+1W^4XY_TS/?.^C3__F:E]^4Y_\T^V.__NS*(=P>
M^(,`S'#U2#@?Z-"G77U0`#`P`Q(0!1O@`'MP`AM@7-.V=O6'77TP`ANV``W`
M`5Y@@5T`>Z$6@=>E40]@!H"'`8+7>10';H^7@BHX;XJW=2OX@C"(;I&G"0<@
M6PN``G#P_P`WN($/J'[NIUUAX$Y5,`('=0<5H`87X&L]V'XQMUTS4`&YMWN]
M]WL<:&L>R&/_1W0!V'S"IWS$5V59B'1;"(9=^'Q?^&1AR'1CB(9E"(!GB(5M
MJ(5O:&)I*'UK"(<0^(-<F(=-.'\=J(=DR(<M-UX0$`52H%*>1W^`^%T<$``(
M(`%5.')7V%TT,%TF2`AU:'UWV%T0I@>7.`@%@`.B.(JD6(JF>(JHF(JJN(JL
MV(JN^(JP&(NR.(NT6(NS6(FB``4D4`>UM82<T`3+UP3?E0!\4(S&>(S(F(S*
MN(S&R`1-)``/\``SB(EQN`C`R';"Z%W$R(S<V(W+Z(QTE(F#</^-6Y>-W;6-
MWIB.W@B.:B2.@D".-6>.W(6.ZEB/RLB.:>2.?P"/,2>/VT6/]AB0Q8B/:*2/
M_-AR_JA=`"F0]DB09V20P3B,##F1#LE%$(F-$CF1`EF16W21Y9B1&MF0=>21
M\0B2(:F.'*E%)-F/)GF2ZSB2U:@(!XER"9E="^F2S)B26:2/<98+-XF3]PB3
M/1DW/PF4R*B33\230QD*16F4S0@0(3`#L;51*)`%>_`'$#`%%0!;OKB4$-&4
M3LD'2)D+$F`!,`!N?P`%*%4',/"(4R!:B>B5#P&63CF6HN`!804#ES5XL;5Y
M'E``"\"#U"B7HT&71FF7H8`'&]4`=\#_!B(66YTX87,0EX0)#X8)E(@)"E.P
M:QS0`8EEA"```2+X!P]`F94)#I>)DYGY"76@!BLE!9,I!1O@!4YP!UW0!>.$
MBX-YF@"1FBZYFI_``5C9`4[2`"H5`OF'`G1@FKX@`!Y0`<;UG+]'`ECP3-+$
M8[YYDL#I"6UPG9&``+T4?.00``=P!0'0!7=@GF)0!7AP`&K9`?YD8MD9DMLY
M&DHY"5)@!7^0!U&P2GI0`?YT!PCP!X)Y8?.ID?4I&O<I"=)V`'-``G_@`'.0
M;V(03G#`9`9VH!0IE.#0>3`P53HU50%`!8(@!;DDGV')C0D*$0L:":DU6"!@
M!H.%`630`3K0_Y;H5`;8F:(YR:'?D`4DX`%L):3W=6-]4`<+T(LHRJ-!&8XQ
MV0DH\'J3$`!8MZ1,>I0^^@T3QPA2MJ-7BJ5.RIN]^:5@VHY/*J:>H*$,N:(/
MT:)H&@E.D`!R.J=T6J=V>J=X2J=9^J9G90:^A@?C)`A[``)IL`"#>@(+X$XG
M(`?@R9Q\*E8CT$N=I0==``%`8`"5B@<&,`=E@`=8$`)`X*B/:E%.`'B=U0$3
M%@`P,&&QY06\5GFZ"8IG.JJF5`?"255]A0(3=@>KRFLP4)I]8%.E>8(Q6*S&
M>JS(FJPJ.(V"@(."T%@-D`-=0`(78)LDT%ML`*I7N7GB2:MF57E_`/^H?U`!
M?>``&$"!#@`%`M<!&``'%A"8HNJMW[``!J`'%P`%M=1295`'K%8`'>``JU(!
M$]<!B!@)<-FM\@H1!U![%V`!J34&P@D!#4`&KAH%W"(:<L!_G$!M;IJPF.`&
M96`&;&`'&Y`##[`'.OH'='"54W"5E]2Q'CL)&S@#!%A2#P`#DPD!!8!--8A)
M,!NSD;"!=K!1()!/I/D'!E`!@M"S+SNK0-L)&%`&90`%4(`%"W`!&+`&?W`!
M^?<'6Y"O?O2S3ZL(!R!+DV"Q/NNT8ZL)]'H)(0"P:;NVV"6V<GM+=%NWJ72W
M>'M*>KNWI=2W?LM%9E!+K04#-+!Y6,`&&7C_``_@!20P!N&YFX%K2B.0$(7;
M5UU@J`CP!8;ZJ:Z)L),[2J7ZK"6&!QOP>JP*`ZY*6W\0JV2FMJ&;1V1PJZTE
M"&Z@J[X*K,*J"'A0!<KZN\`;O,*;K,R:3`*'JW\0K2A0!@7@`=.*K=KZ!Y,9
MN^244[P63DHU!5&P3@)P`23:`7!`!>^:=]2;2F/0I7\P`\>W"&W0!N5[2Q80
MJ)L`M^];O_9[O_B;OV6%`L3)"`O``N$9I(*0`\6+1O^+H<D["$X0!X/0`=B4
MO`4;NW)0`".@!EZ`=288!2,P!U=@F[C9`%YP`J^G`W#@@&=4!S=[`2!@87^@
M!KO6!1P0!2N%@4X@_YNT"0-1`(EI=`5;``-CX"1X<%^"8`%8``/\IU&U9`%`
M0%')"P,/3$X;X+Z6-[TFF!`CT`>A*8(2@$RI]8E:M`".*0@&('`'0`.[EA!P
MEUA84`&?60$PT+5HQ`(Z0,$ZH(-RIH2\%@4@`&$TD`8Z@`(;4``TL$X@H*3D
M)'B"X*J#1P@+X&*1B0$4D5H;``+TNT6H.@B>6`>&2(&#P`5NP`*IVJNQ%09B
M<+QG!`6`1P(XH+0%@,=+JP,0@`,2M@4X<`<CT`5M@`-T@,!Y"Z$O@8N7N`>0
MZ)<%P+5_8+TD8%-GE`.*#$U0,`*";((7P`(D,&%5(,HPY07HJT4TP,E_@/P#
M&]7*B;`!$N`!F46`.!!;!8`!#U#(%>4`;!```:5J)M@!#Q``&H4%$C`%^=0&
M)X`"KN3-7%0!4M`'=^`%#$Q5NV9V?>`!4%`'&%`':KD!=7`'`C`'.8!&'$`#
M#;``6(`#`"O.@]`&#Z`'>H`#5\`&%:`#>P`&;D"`>^#%J"0'4J`#92D(JN99
MNA8`"S`%")`0!I`%$(`">KF^6A0';J`#+*"?O-97"Z!K!4@",(!;))`%M>3&
M0GQ&"P`"HJ@#LB32?Q`".B"*!_!@.F`!8Z`#2LT`.*`#R&51)"`!E0Q*;,G+
<G&0&!:`#'+#-BT"PS<K"5V#7^JM)NU1'@0``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>u50149u5014903.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014903.gif
M1TE&.#EA)0'+`.8``+K#V\?.XNGL]+.]V//U^>3DY(R+BZ*BHF-B8K2TL_W]
M_C@X./GZ^;R[NU134Y24E%-JI6QL;.[N[H&`@`P,"WQ[?-[>WLO2Y-7;ZOGZ
M_,[-S?7U]>+F\-G9V:NJJEQ<7.GIZ=;5UMG=ZWN-NIJ9FF)WK8*3OL7%Q8R<
MPW6'MG1S<RDH*4Q,3/+R\JJUTUURJFA\L-'8Y]S@[<K*RD)!0=+2TIVJS,'!
MP7*%M4UEHH6$A*2QSVR`L^7H\H66P$ICH.WO]L')WY6CR.#D[ZZXU:2PT)*A
MQD9%1<_5YJ"MSEAOJ/#R]W>*MY">Q7Z/O)FGRL"_OW7!XK'+;\O<G]'J]??X
M^T].3O?X]X>'AV!?7U!GHXB7P<?(QQX>'C`O+["OKX^/CKBXN%=75]O;V^OK
MZ]SO]]34U%%04=/3TXF(B6:QTFYN;L_/STE(2+:VME%14<?'Q^SL[-#0T$A'
M1\O+R]S<W'AX>']^?O/S\VAG9W%P<._O[_O[_)BZ0$BMV?___R'Y!```````
M+``````E`<L```?_@'^"@X($`SL[`U6$C(V.CY"1DHP[(I.7F(P".YF=GI^@
MH:*CI((`6C!,3#`_0:6O2R@"DS\#KZ`Q/W\"*$"WO\#!PL``/SM\@Q@QPY\$
M(TN"BX^US).YNR;0?[[5W=[?KPH0*)(]!(-`(LB#'+/1(M*-/3(*@NGKD@"V
MT1CG@M2-9+CS)(`>(3[P"!'`<$$7H423"'`8M$1$/4%+#(+;R)$4DA]#'L50
M,B"'$G-;<OQX84N!CQPYFOQ!H@3""PR,ECCY\:/$GR(\2\S*]4.)$TM_0!;C
M^22`DA\0`/S;-T@`#BU:FBAP`2'DDA)&DO[(P:/(H"9:(/"`YL,)CQ)"___P
M>0+AAQ9=N8:XX/DCP+4_0QSV?='J)P0()28"@*"E1(:.D"-C&N#0%*)E,;38
M<C4"Q[D`K43\6';ACQ,F?WI,)&1B[9_2+@@H&"%SY)\J='LD#<ED7Q!+.WPF
MI2J(B8D_!$JXHCL$1@IDM10@*<%I0(ES*(3\\3'BL0D;?P`HL?3Q3][A@OX&
M_K<E`P8@05[H3G*<B4P,CR7KWT_HHXQ!3S`!`2>92=/#:(.@@((".+RPS&L_
MH.`/(3](Q0@'3/A@GA*"*%""5"#]T1LA50C!(7H4HH`(#%L(8D(.)6@#$``^
M^9`"(B.\L!TG?^R@H0_DF(=7B`"I)Q@2@_A`W?\.1NBX%X_\1:F?.!H2`@.!
M)_XA`X*"V'!<!C;\0(0@&,```S>#_%#:(#+P8`,*&MHF"`XN[";B/DML84(1
M)P*49A$!!(K3'T3\X,0Z`%V@Q78F!!KHCH+X^(<)2:0W9$A%.K2>G8+XP(.C
M`0@2P`LI7"3EJ1P%$:$[7V$YB`(P++@+!$0LX8NJ6BJ@``]0"@*#$X]E4`4,
MKD@JYT>6A#A"G0H($9:<?LYYZ!\5A9=#`"68`)TM5:1`#A$O^*)`:3[P*"D1
M/)QSS7E:C,E'+KXT]$](@@0!P7]:_C$1`6*BZN]&`+Q`%@XP224GF4KPP,0+
M([P+P0@E\"`B#TY`$"K_(2(H40(3)0R!PPA$F`E`+JI`H)V=+BAA7!(LC9!#
MG=%JJ40J2KB`@6;Z*@%>3ZN\,`L?/*A<P@B0]J@A`0LSP<.E?S3Q@G$9\,##
M%DO/.P@?)D"P"FH\?*P%O?^&7<T2%Q!!Q`7N+)13$"X@<9$(`P``S1(!N/"@
M)D&<G0$0+ES0PP!+Q`!!WDB9MT@&><N0`0``"$`$3C&@6=4``V"@P!!W][#,
M#T*X$(0VR+$=P&-#N",`O0HH$\,R!,1P>!`#>#5`$*VG%X]<`>P0`#0"Y+V:
MV,`'3\K!&\4L_/'()P\)\>`8K_SST`?O.&251&_]]=AGK_WVW'?O_?>AF*#*
M__CDEV_^^>BGK_[Z[+?O_OOPQR___/37;__][O<*_O[\]^___P`,H``'2,`"
M&O"`X&,``A>X/PMH0!(>^,,$)@"%+W@B#Q9DH`:Y!X(06*`#'1A$!Z```BA<
M`0H2I.`,_E"#$_QA#QU881V@<)$22L`"65#@'S3`AC_TD`U[&$,/-4"'/\3!
MA!M,(JJ@,,$P.&`0'_@"`L!P`!JDD(DGF,`!P`"%-.B`#@A(P!7^L`$$0,$!
M.%3@"=)@!SE8D09,],`7L/``$F0A#&A0HA[YP\0)_,&*@O`C!2=@Q0DR\0$H
M=``4%@D%#>1!`G\P@PK^,$D__N$!69C`#-ZX2`FV`/\/#@`!`AZXQU)"IH]_
M'(0@F5C(08(@#PB``R.A8``QQ$$08%@#&"0HB`*((0]HL`,8X(C"`N0A`AT`
M@QA6:,IF.O.9T(RF-*=)S6I:\YK8S*8VM\G-;GKSF^`,ISC'2<YRFO.<Z$PG
M?^I@@3\LL@Y_:,$#(*G.>HYB#RM`81<FT``%'`$,"S"5/0>:"3UT`85>4&,6
M_G"'!A#TH9<PP`2\<(`_'"`+:6"B!'?9"#;H898@#:E(1TK2DIKTI"A-J4I7
MRM*6NO2E,(VI22\QP7T.@@8G0`!#W>`(*``2HD"%(Q?<8``$,&`."5B`#AGA
M4Z`Z%8@@.,`!\/"'`CR@G3W__:E3MWJ)IG+UJY+P*EC'V@BQDO6L[M0J6L=J
MUK6"M:UNY2I<X^K4N=(5HG:]*T'SJE=[\K6OZOPK8-$IV,&:L["&)2=B$RO.
MQ3(6G(Y]K#<C*UEN4K:RVKPL9K&IV<U:L[.>I29H0RO-T9(6FJ9MYA[@&<\0
M="@$2P5L:DTIA@7HH`5M.`(6_A`!*XAAC(.=K2DE0`,&M$`!%###$W40!L,*
MMY1=J&A5Q0"%._RA`1R5K5K#V8$C",(*(YQD`B(8W.U^$PH)L,(?P/#1.M!`
M`PX(87G+:8<(@*`%$IU`"&8@!IXZU[RG/2^``]S-YQ)8B08^<"0,8`4OM``.
M7>@"_P4>"(*%;B_!"GX$52?`4>(*`@$#?AZ&,_R("!3Q#P;@Z1W8$&+EC9C$
MC#"#&`1Q!>^&H`UKZ((+M?=B&`MB`S2@0P'^X`$=$*+%R>OQ]Z+@AR8[^<E0
MCK*4I_QDY&51BQ8%`2&DRV,DZY')5`ZSF*G,5B\K$<QC3G.:QSF#"9"@'AZ8
M0`C;O..RFCF):%:SGJ<\3@O4@`5P@*\&S@!D#=!@`UFM9I[WS&@GDS,$8JC!
M!"RX!@^L08+D9>J=-[CH1C.:G"3P`@CXR5`L6'<"NRVK%V3*ZE:[NJ1J\+2L
M_?#J6MNZU9FP`Q3J^`<$<&'&=N!"HJG9Z5FO69P'N,,""O^P@06H(`]_^(`*
M`*QD[Q7;V&(>IP+DH$,&N/8/"@B!0`E1[>Y=&]MD?NNF-7AN=$NYS(IVMY[A
M36QYJYG>TVRWO1VM[GCO.]O]KO>_P[P?*?3AX`A/N,(7SO"&)WP*P%-RLQ=`
M@FC/0:<S6,`"L'H\??^[X`X/N<A##G&Q*9D!NK+B&!?PAS.000,S1I[']PWR
MD=O\YB4/6[G)$',^>.$/%)#+NB4S<WO7_.9(=WC._U7N40J"!!'LPA_P,/3(
M%%W>1T^ZUA\>\:I[(MD6V``;Q&`!"42@`0<PLLP'3G#]&'SK<#_XTOUU\@E.
MP`(D,.0&\F`'1*^=[7QV>]SC/O?_)7K]@%=W=]8'C_3"GZK<W$L\NA?/>)L[
M7DJ0WY[DL4WYRHO\\E'*O/8V;^S.>U[I7?<WX*-L^M,S'/1\/+P!23_KUKM>
MX;#?C^BS1WM9V_[V",^]?G:/O=Y[^O?`[X/P)4/\ZQF_T<@'_O(CTWSK/?_3
M@D\^R5,?BC)$X?O@#[_XQT_^\HM_/]??<_1O/_U3'IX*JP\\T>//^NQKO^'M
M[TAGX4]_**.__U5F?_>W</G'$?L'@`$X?PCH!^OG>@6X$0>X@`RH'^DW;P(X
M@%QG<N\G@1.H@`C8@*?W@.`0@0OX?R5X@1@H=]P'"OQW@AX(@"#H>2+X#23X
M@10H@3%8_WDSZ`TU"(,WZ(*1\78IF($ZMX$X^(,V*!E".(0JJ(&BT()):'5'
MJ(1,2(1,9X1`"!D5>&\HF(([V`T]V'\F&(60L81,^(75$(;T-X8^2(55V(1%
M^(0<R(9BV(48B(;,H(;Q1X=K:(<#B(?#H(>KQX=[Z(?W!XC"((B`1XB#:(C:
MAXB18`%[(`CO%$]00$]V)H=3*(59V!%F.(20"`D4)`@4L`9?H``.,`$!-6PL
M.(=(V(9!^(9P6`VC^`<)]0=T\`%_H&NL^`E0"(M:N(EE*(O*]PVU.`%60`(:
M-0%IT(N>\(MU^(+1&(NR&(J/4(N"`$<1@&G.V`G0V(?2"([4^/^&UN@(HV@&
M)W``'\``-'`#2M6-F?"-A1B.\SB.55B.C2")?Q!54U555_4(BLAVC+B(CIA\
M^%@*`3EP`RF0!2E]*^B+KDB/C>B&Y/B0SQB1G$B&GDB,!TD*"?EQKSB-PUB-
M%NF-&!F,G<@1G^B%)1F/)]D16WAL%'F/+8D)\CB1&0F,&TF23A@*-TF0$@F4
M]GB&-7D)/\F008F40PF*13D)1ZF0(2F.(UF1/=F*P@B35ZF2'-F4DO"4()F4
M4#F31%F5$)F5&Q&38Y:#C->1H_"1-!>5]3B5-$F6%VF6X("6`">63$F7)FF7
MWX"7;:>7+,F7+NF7W@"8Z2:8=\B5D>#_E6\)EE^YE(,9AS[YDAR!F/(GF8M)
MF#9IF6=IF-VPDIM)F5:9DI]IFN`@FG_(F)#@F$8'ES@IEV-)FF6)FG\)FM6@
MFH?(FH_@FE@'FT(IFWM)FW5IFX>)F\R@FX_(FX[@FXH'G$HIG)-YA9IHG-V`
MF>_6D.S'G(W@G),'G6&IF:O)F4;IF7>)G,.@G`;)G8S@G9P'GI$IG:-)G96)
MGL*`G?6GF.-)G'UIG=6`G_ZGG0[(GH3@GJ4'GX\IGKM)GDYIGK?IG\FYE0S:
ME0YZG!":GA+*GX5YH?=IG\&@G@XYH8U9H=?IH<``HMLIHJU)HO]IHK^`H@.J
MHKW)HLP`H`FH_Z#+*:/-2:/#8*/\II\+JJ&=Z:*WX*--II:#QY:BX):O"9D)
M*I_["1E88`7^E8GUR:'!8*0=B*/K&1EP@``*X`7C1HE8J)&72:2O`*,A*!DD
MT%QVP%J:5IUF>IISFIH9VA$/X*8UX`@L1@-^^J>`&JB".JB$6JB&>JB(FJB*
MNJB,VJB.^JB0&JF2&J@H!`HGH`<*L`#XX&/8I`!YP`(/P*FB.JJD6JJF>JJH
MFJJJNJK6U`%BX%O2Q09<)D%6H%,%P`)S<`(28`5'X$+UE4'`HP`3D`5O@`"W
MM(\61JNVR@)MH*N\ZE!V8(K'4P!@P`)V,&3N5*5_<`,.H`,,P`!I@/\`0T8'
M8M!<Z[6-"+0'-#!D"F!&[F1)O=1K:*`#)P`"W1H&&_!$EW8\8*!V&O`&<I$%
M/]5."&`&]&JOS)6O?["OPE,`7G`$$_`!%.!:$\"P?X`%'M`%!O``7J`'#K`!
M%/``%,!.70`'"P0%DT2)3Z11C.``+?`&"L0"#J!`ZI4'RR0\-$!5V5@#=Q`"
M:N6R,_L'5@"S?\`"?Y`'9\!,P),&4B<("P"P%=L(7D`"-%`!#4`!7Q!T"Y``
M6:"Q8RI`4*!3@M``T,:R@W`#E_8!8R0&:OL',1<'*X"SV/I'!T`!7H"U9YNV
M:]NV,8=/PI,'+)>-A62Q?W`"7<".%$0!=?OH1R1``5FP`J%Z0'S@`&[``-T5
M0F;[!V1``W4``F#@`37@`&!``@7@`'L0!QWP<\&3`!%@`5?P`.B:2H)`!BPP
M!IX+NJ)+NJ9+!@XK/%"@N`60M147M8/0`BN@25F0!6[0!35``1O0!5G;`)FT
M0'LP`1'V;;)*"&G@I_.$``Y0``S@O04P!E;``GOJNVU``7:P5'HP"%C`O1(@
MON'[!B%`OBR01\+S`!)&`5A0#\0K"&M``12P`F80814G!EUP!%>08UT`IPA4
D`!.@!SH+0&'P`>;Z/RU@!UU``Q4G"2T@7RRD0V;@=QL1"``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>u50149u5014904.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014904.gif
M1TE&.#EA+`''`.8``-W<W?W]_DICH.3DY)R;F_CY^:*BHHN+B]34U//U^;K#
MVX&`@,;-X<S2Y*RLK%-JI923DP<'!GN-NMWA[3@W-\7$Q-7:Z?7U]7-R<K2S
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MU^_O[X2#@T].3L?'Q\C(R&=O4)>7EU-L=XB(B)BZ0$BMV?___R'Y!```````
M+``````L`<<```?_@'^"?RPT@X>(B8J+C(V.CY"+#"$Y"8(61Y%_244]FG\*
M+)^CI*6FIZBI@C0"JJX2*:ZE#5X-'$A_!1XZD18"'".?08:RQ<;'R*.LR4:C
M(TG)D#2Q+0]_*;&1-!ZDP]'?X.&JRX0)3"Q+?SPL`8(Z$^XL\((L"1/U@BU!
M+*)_`?Q,!DV88(/%EC\3W`CZQX+'H',!$15DH5#0N7F')AY$E,0+@R(A6G@H
ML&@B+W4<;K1`5(!?NC\Z6+1H]\>;/WX.+[$`(JZGSW#D!""1<$(%CPD"^GF(
MQ6K'ETQ_!`0)X>'$N@<"LB(\\>#$KW9!G(1XX,6&MR4WFG!E`$J`4VB#_VPX
M??#`PI\?;K_`'33W`5M$/SC46'+"KJ(6)[QX%1)@1-8;B(*HM:9``-8S@LZF
M77OMRXTO&'^*'HTJ:`U_37[\D<#A3PL!,9#"B_%EI8!@2U+_H1%DD`<)[6(\
MR%$3=(`&-4_[N-&NQXD_2(K\25!1$`[BT*5'_V.CNJ`<[;8O`J%D$0X5Y1$^
M",8[D0!H*W\T8]"JIJ$<S/\X_S/\CQOOI`4HX"-!]>--`P(LP8%T(WA!PX,J
M*!"5@:>U]T<,`D3T1PXJU-3;($&<YL4P-'#0"EY'X+"(!4'TAB`'*BHR08N+
M`.$!#AQ\P8$E@[`@P$E_G-&;A8=(X(5J@RPA1/]]WK3XH(ENI"``"#0-:.65
MB128F2$!W&#B2CUXP`\_"B65684?,B%`=30TX>$A(?+'P9C]3'"#"BL=HL`.
M(RCQH9U-Y#F(`C>0]R$B`3CQ0PH2M%!$>O2L.0@'0QX:%PA>(!&`$4%PT`.3
MAG1*IR4,>'##2UBF:J66]@GR*3>N"3!/`NF8F=P?(.RPT`-0%7!">32">!H'
M)_#(2S,XW(#+(&Y\$<-NO?$40!'+#O(%<D0>TD,(T('P!P.6\O"`)W_@L!2T
MB#JD@P`6<.`#(:#^(42Q[MC`4P(>G*;JO@&R:E,!XPZ"Q`-#J8"<K7$BM6`+
M/WR!Q+Q&O2GLA4UX$$+_$-8H>T1_@QCQ``VEWO##5"FH@-T@#PC10%7('8)O
M,PJH`((*Y`[Z11%"5)5.MM.IX$,17RRAQ`E)F"&`A-[P4/'%#^#P`,Y?_,7O
MU#ZQH&\-%84R"`,D"6*#`C74T$`[6`NB];<U]&")#F&/D),"$@[:CQL@U``"
M/$S4/8(-'-6@0!(UM*"#WET/`O@S@2-B@=1@_U#E("VTS2,+<0\2P`]AB\*#
MW1:`(.'9=--P-R%A2TWUZ:BGKOKJK+?N^NNPQR[[[+37;OOMN.>N^^Z\]SX[
M`P\&+_SPQ!=O_/'()Z_\\LPW[_SST$<O_?345V^][]AGK_WVW'?O_??@AR_^
M__CDEV_^^>BGK_[Z[+?O_OOPQR___/37;__]^.>O__[\]^___P`,H``'2,`"
M&O"`"$R@`A?(P`8Z\($0C*`$)TC!"EKP@AC,H`8WR,$.8H\-6?C#`+2@`01X
M,(-/6,`?`*#"$Z)0A0!``0$>Y\()IC`7)=!`%Q;!!A34D($W%,03M+"()_CP
MAPJ\819>`(85%/&(2%Q@`-C@`D88,8H8O"(6+:C%+5*PBUZ4(!C#",$QDM&!
M9CPC$*&H1C2RL8UKA.,#TRC'U-D``56:8A571\=HP`$.W*F`"0>AAB?0L(Z"
M."(:,``&OOT!`0<`0P?X^,9P+$"%$-``&$@@B`VTX?\#=4!D(H[(-PRPX1`+
M.``E17/)/]#A#QEH80;T\`<1B!(1;!S"!0:1@2NH894_::4@#F``01#A"7^H
MY/=*D#THCD&5EEL`'X#I$V&6H`V#T`,G*9"]("83$26P)?:..``8+"0`NQQ#
M"U/7QV0($PUS6,@=T'`!;F+/FV_4P!6RAP%!?``%*(```<:P`A'(@)FJ:R<R
MLA!"!P`4!0'HYP'L,$C?X?,0!\B`,C6HT`%>5!`#:(,&Y%#,$W94@!^MTD91
MN-("@G`0_?R#/?\04Y.V]);)H().=\K3GOKTIT`%ZAL"=%*<%J,/2$VJ4I?*
MU*8ZU:E2(.I-C6J,IUKUJEC_16I425-41D`A"F`-JUC'2M:RFM6L)K!@5M?*
M5JU*-151\(-<YTK7NMKUKGC%*Q34VM:^6G6KH^GJ(N*:U\(:]K!^V&L%_<K8
MI@)6-()5!&$12]G**I:"C<UL4A_[D\@F8K*5#6UA+SM!S6J6LS[Q+")`*]K6
MUI6T`<(!%&9+V]K:]K:XS6UN8V0ETV86M3U1[2%8Z]KBPI8T4"BN<N=Z7-+X
MMK'`%8=P!T'<Y8:VN:))KG6-BZ7G,C:ZX9BN(*J[7<1B]R?:+:]HS_L3[_H5
MO.`0[Q_(J][17BF]]:4L>WWBWK["]QORI6]^[[I?<>!WP(8ML#CZV];_1B/`
M"-;O_WTC;-[N,GBM#DX&A"F<X`ESV+Y7NC"&WXH*`7]8P>`X\(=?:V$17S7#
MI:##+Y\(UQ7G%<7?4+&-Y8KC;[@8JS".Q`WGT`8Q3%(1&]XQBZVDXQWW.!H_
M?K$Q;OB!#B#@!30NL9+M^F1D--G&749&E/\Z916*(0`!V&B2M\QC#[.YS2$>
M,U3+_`<M%*``:@;#$_;,YS[[^<][+L.;YVH%0!OZT(A.])ZM,&BY%EK1D(ZT
MH>7LU#!(^M"'N"$1,O`$#63Y%";F<)B-\>45C[JJE&9JD"'QT@+(H`T#^+0I
M0DWA4\NBU"=N<:HW2V)0-SJQ;GZSK66QZZ6NNAAK9O.P5?^!:U'KNMC'ED6R
MM[SL5#2[UL_>=;1=,6TE5QL5UX[PMU%1;*5N6Q7==G*PE9WM5)\[%>D&\[JI
MW6Y*OQL5\3;UO+U=;SG?^Q3YSC63?SWN4Y2;UUR=JB-H+>Y]JSO.!_^W*0+N
M[($WNN"F.+A;$U[CBSM<WA`OM\1+07%L6WS0&"^%QOLP<E*4O.$G%W:_Q]SR
M4;P<P2D?1;AQ/O,HU_P3-Q]PSC^Q<Z'W_,<_UT30\SMT312=Z4=W<=*%K/!&
M,)SG,6=WR*'=ZUD3_./ZWKJVNUZ*JQL]Z_06N[O)3@JS0QWM_%:[O=D^"K?7
MM^F1>/K=HR[BJ4-BZ7N'^\-[JW'_OS\"\.K%.R3TGGB^7]CPCD!\>17_",9/
MWO$,AGPC)+]=RCO"\IW'?'\U;\6J,\+NC1<\R`D?<;I_`O675WW862]RUVL"
M]J&7O<!ISW6.:]GCNJ\X[\?N>U\#?T"@MZ[G';%RTLNZ[%\/OLF'O_;B>_WX
M`DK^<I??B.;;/A*X5S[8=S\@[UL?^M@/D/:5RWU&F#^PIA]L])$___(7_ON0
M"/_VQR]\^[?^_&U7?^HG@`'R?I`5?Y)%@*.Q?MPE=_Z6#!>P9USP?`&8?LBE
M@*-A@,4``!100A18=QB(7B'87O>'#"RT>0CX62/8$PSH6NVW"!HH"W``!D,0
M:TB6@JNU_X(&IH,+5H+),`:>AF1Z=FE_)FB-]FA$F(2(QFA'J(1.>&@K9VE/
MN&>*``<!H`<UA0B<)W[2!W/4-W?(8``O``,;\(&OQX,IAH;@$(/!A8/#I8;1
MT(*M]8**P(;2Y8;4!8?)((?K)7KNY7PWV'$HQW_3YW^U!X`@:($+J(?)8(?A
MA8?CQ8C'P(?7Y8?>!8B)L(7[UX58]X4/B(AGJ(C9)8G'X(CQ!8GS18K%0(F6
M98G/A8E:B(KZQWZ$Z(6&V'OP)X@RQXEGYXDTAW^/,(L-2'^B*!JF"&"RJ(JW
MIHS$YH,'J(M:1XR#Z("_"(JWQXS,AHVJ<(P/EHS%Z!.L*&'4Z/]SP+APV@AN
MYTANSMA9WCB-TKB+ODB.U@A^Z6@*X5AAXXATY6AU]5@*]WA8=)@(W*AA[0B/
MV=>/*K>.J560T7B0W\A?"MF&T)AV[]B0`C*0R*")M,B+;Q>/^CB/^8>0.B>2
MHX"1QZ"1P^B0[GB+Q)>+O[>2`_B0/6&24\:0%*F2!GF1$7F'$QEW%7F3.OE_
M+FE\,'F!,MF#0OF,+YF31EF4SK63C]B3@X>3%EF`4'F*4KEZ5`F45IF4[)B5
ML[>5/LF2U3>4U^>4HWB4X4"3R&:38QF3:&F,5XF,8$E^<,F43^F5"UF7_7>7
M59F7AVB6Z!>7X$B2G\"6FI`%>G!(0N3_EE/IEUP)F+AH#&.`!G%`2X&XE'^9
MEH0)D7KI"AK`!5R@9HZIE9#YEET9F,9P1&IV!9?TFK`9F[+YFGLP!;9YF[B9
MF[JYF[S)FU@PF\`9G,(YG)>$!;UYG,B9G+;YF\39G,X)G%40G=(YG=19G=9Y
MG=>9!\\9G*>$"&BP`1NP472PG>19GN9YGNB9GNJYGNS9GNZ9GJ^$"`:``5VP
M0U150(K)F/>YG_S9G_[YGP`:H`(ZH*PS`%TP!H[T!\AT"&.0`8+`!1!`$@%`
M`+%62$\0GZY3``[0!8`T""70H7]P!WJP2W_@`-V)!PX@"&SP!$?&GUT@`P;0
M!11@@Q%P""3P_P%V<``!,`1=(`9_H`%IT`9JD`4HL``@RCIP@`)=D`5VD*+^
M\`(+6@%D@`$R\`=9,`,H,`=S,`0S$$)%2@"ODP%H\`)=0!,<RJ`O@`%WE@8S
M`$A9H`4+J@<SH)^[`P!M0!,=,`."4*.6\P<7H`52^@<PX`*V1``9D`7KY#I:
MX$3^``8DP0<4L*`T80<R%0!/\`$?```!X*.H.!H'$`%`>@5VT`Y7L*#&1`!R
M0`1\``8O,`1W(`<8(`<E```1X*3;<ZF'<$1\>@@.P`<WM``5X$-/L&DH,`1E
MZ#IR<`AI<`<D<``+8*HBA&4U^@1#,`2)1%-*VCH;$`'VV0$1X$2EFO\(8'``
M*/`!)!`!"X`"-A`!3R`#)%4XV=,!6/:@E/H'NRH(%Z!+3]!/&,"!L`2F5EI2
MK8,"$R@(:T`'6H`"5^"C"S$#D[1/3T`&9+!+I"1.JX,'$<!)N<"N?Q"NA\`&
M$>`"1?H$Z.I#$9`!$4`&(F"?VT,&73``;+`&C'JO?T`&8P```W"P8!``;;`!
M,-`!`/`''V"KK-.N;``'71"$?_"L@Y`%_>H"&M`!!S`&8T``*Z`!&U`"7+!/
MK%,`(F`'NU0'$?!+'KL0%!!",J`!#A`!?(`"VYH%$7`!<3"OW#,&8"`'\20(
MB3H`KWD!)/`"%;!",!!">B`#:4"GIX,`,Q!J`420:1WJ`G5P27-P`3.@HP'P
M`3-P`7"@`8#J.@@@!Q$0N@[:L="*`:&+`N<J`E@;`12PLR)``2?[/5>H!=T9
M/BN``1\`/C:@!Q$P!$8:HA@:HGMV2G@00BND!V5X`1#`J`0:/G0PM:L3"``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>u50149u5014905.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014905.gif
M1TE&.#EA+@'*`.8``.3DY.?J\T)!0='J]7:)N-34U,S,RZ.BHKR\O"97;<3$
MQ(&`@+.SLP0#`Y>ER61YKIR<G-'8YZRLK-_?WU^JRZJVTS@W-\W>H^7MSY.3
MDXN+BVQL;/[^_O7U]4U>(7)R<DICH(N;P_GZ^7M[>V-C8^[N[E134_3U^?'Q
M\4M+2^KIZ=K:VE-JI;K#VUQ<7+*\UZ2QS\K1Y"@H*/GZ_>OO]MWA[5USJL/+
MX(6%A=7:Z<+>R-G>[(.3OFV`LYZKS,_5YK['W6!?7^+E\/'S^%A75T9%17R.
MNSX]/3`O+R`?'YBZ0'7!XK'+;Z/6[*>FIB,B(H^/C_?X^_S[_/?W]Z*[QA85
M%9^?GXF(B/3T]']^?L_/S^?GYW"SC(>'ATA'1\G(R&=O4(*"@F]O;_#UXX2$
MA$]14+"PKVEI:-?7U^_O[]'1T&=G9^SL[*FIJ6IV>\C(Q\;&QF9F9L'!P;BW
MN'EY>79U=7=W=TE(2):6EMW=W-O;VYF9F4Y.3L"_OTBMV?___R'Y!```````
M+``````N`<H```?_@'^"@@1`@X,$+8>+C(T.BHZ0C9.4C00UE9F:FYR=GI^@
MH:*CI)T@+#^+(#"D!*R6KZ63(!&RMI\^(;>[O+V^IB`@`8>KE#2:KI/)BS3#
MLK2_T8,1J7]"TMC9VIRK/3;'@L5_'#<5S@$/$1$GC#45-\LG+R]1A#`_YH+H
M+^N+^#O3`@BI`$[0C@HQH"V:L4-=@`"87F`2]`-&#`[Z)IY8MS'"CAF3R!$\
M%"6'NA,;!]48!O$/.G5"(DC15VN;S9N\5@UYT(/=GV)#>CP@P*+%$",@>O0`
M>,@!"P)$6>5X2O0:T1X$0!A%RI.IH!`VLKX(]\`(44PSC%!5.*A%TJ0O_V`0
M"$$TP!`"81\\P"174`1:?Y6"<##S$#JL+`S-")'T`6`0B%C)/9JTQXVB@GKP
MP,FYLZAB-5@8J5?,P0.,-T[_;90PAKT_/5Z%T#47H],9?VL>:E'/!X%PNCCT
MT%4!Q+6?NO](85&KPF88+``"#/&`7=H>?_K^R;WZ3PT;%18Y((#QQ6GHF+A#
M?MVW^Q_3,Q).]$R_/B5Q,5@X^,F*0`\?/CA@G'N'P&!#9#_Q`"!>?RQ#PV/)
M'9(#5.&\0B$/NH23'`<L7`/$;S!@-X@-8U%DG';J#>*`$8M`!2`/QMG@@U^/
M(=C>>BXE1@"+]O7H8X6#``%"<?WQH,Y)!`X"P_\#"(+`SY$-OA(%A.W\1Q>0
M#?[&PWX:+F(@46-I)PAF--:`8HV"C-=B"$>NP\(K*;+W&X$.V,#6CWAV)HX@
MQ17C@PT^U3!##B#4XX\PKPV'T1\Y1)DF"%(0&J&CVHE#X0LL#-'E(3<8\8(S
M8O[!PVE?8;>D(`FIL]X0-L229G4&+?;`3+D%@.@)#TCV&Z&&YOA;GL!RMJ<@
M,+)"PP,L\-`#"U',8,-PKOX1@F@\M/K'#R#84.UO1!GAV`W*V?!`"*XJ6X%0
MBECZ&P=$\0!CA#X\\*D@H:+S@`/+`B0$"%O:J2H!3CT`TB$TV)`LLE$4G"M2
MM2@5HK5].0NM2R"X%NS_Q=O`$"$'&@L2104PP'!.R,X<<E#(-0D1\@LS#13R
M<2Z1;!@,%:C<:,=_M"!)13(/(H1>/21%0P22>`PR#)H:!,,+*@?P5UPO#+S(
M"2"/],<,(#-6RPDAT]!"+40+HK+([S&)\=EHITTLER?T4&(H27J2FR<!D*GV
MW7CW6,$#,1#-W"AQ=S)W)W_VFO?AB&_#P0M0&6&Q*#7\&DKD\VDB!0]O)Z[Y
MYIQW[OGGH(<N^NBDEVXZ?6:&K/KJK+?N^NNPQR[[[+37;OOMN.>N^^Z\]^[[
M[P%TU.;PQ!=O_/'()Z_\\LPW[_SST$<O_?345V]]FSZ=KOWVW'?O_??@AR_^
M__CDEV^^*!TP8L4@'4PPP?HH?*+`^N?7;[H"C`@@2`=]]"]`!V_XA``*8[]L
M#,`/"$S@`*2A`A5D`P-*B*`$F?`)^@G"@J180!^*L($`_D$`=2`!!P3@OS\L
M0`LD.(,"%O`!%TQ@!!\81!8VL`$X)`$.?T"!&-:@A068L`]BV,`<KD!#+)PA
MA@7\Q`$3B,`%1F,"!?!@-"`HP0A2D!(=^,(B?#@(+OZA#Z/0H`:[(`C]+4`-
M).R#&4V``@Z80(,(Z(,&]B`(-<30#&@41!\VL`<H^%"#2+SC'N601"4RL8F#
M8,`&CF"%#Y!@`BDT@P;[YP(Q<%&':^B?&"R@QA]F@?\/8OA``38`@%Y0L8I7
M-.$97!B&#V0``A8P@R!&(`87Z/`,/:1#$-"0!`V(0HQ]X*(`U,`'%*31C!DX
M0!^R,,D^P"$(I<2""?1P!BSH[P\KB,,7%$`&`Q`AF((@`C7U@(!K%I(32V2B
M$_^`AQ5LH`\,,&$;/]!,']9!CWS<@`DXH$$S!M.'`(C#&GQQR@EVL0]Q+((5
M^`!.08CAAWSTXQ_,T$E1]&$"%P7C'[2@@0G\P0KN6Q\8&>"$+[IO`G`XP"!4
MD`$]?'00:L`#"D0``09@5!`HR,`*_B`!!)RS$^E4X"#F\($M].\/3K!"'^IP
M@#X"<04N$,0*2&``.2R`J'W_,,$$@O!/+:B`"'D@:!6M>-#^F<``>"1!`03A
M`@",8`5G4,,*4;B"(ZCAI^(+*B(%$88L!*$`'OT#26>RAXMN(`-;&(06,N!`
M)Y2A#VJ@*$95@(<M$.$7!26K'D^J`BBLU0P^_<,6-+`^`V0`!2N``AK^H`8(
MX#5\-&B";&=;D"M`(0OQHX07&Z'!1NQA#K\8PP6&2]P+O/:XR$VN<I?+W.8Z
M][G0C:YTITO=ZEKWNMC-KG:WR]WN2F,"?+B#%OY`!`$\U+OHQ0D`4(`&$OPA
M">F-+V>V<(;WDL&!\LTO-K*`/P"TP0N4"()^!RP*!M!A''\001$HT0`".[@3
M:*B"_P4$@(`4'.$*#'ZPACT!@,!.HL$;#G$I0"QBQ.'!!"7]PTT%D0<3?&!1
MIR-QB?.&APY8H`1?]&('1'`%/&Q/QC/.6QU<VE"<BH&0V@-RD-6VA3OH<;=]
M\$)H8[SDO'&@#"[-\2**;#HE5QEC(Y!!$%0*SCDX@0%A,,&4N_SEN_6O#SM-
M@T>W,`$4]&&\/VZSGAGAY3VGMP-..(`(_I`'".#XPW[NT1(.R>A&.SJ!2SB;
M%O"P`#*(X`A.B"JB$UV?13_ZTX^.-,8P,@4B,,"'13@TGSG=:5"[FM&B/AL#
M_.A#$FZ:U9WQ]*MW'>N+-?D/;:@U?OF\@&(;^]C(3K:RE__-[&8[^]G0CK:T
MITWM:EL[V5F@P*ZW38%K>_O8&&2$%(HP`BNDP0(,,$&&J3O>-+PYL!QHPVHW
MI^MM@[K7P$*#L0&X@,3>6KKZFT"QDV``OFY``*747+WM'>K0];FYYIS`@@6Q
MSP/@@-X,=S6^.??P3EQTI6T8!`+*D&+3F5,,P"VCEA6>\7L[7!:]_4,'[L!%
M`!S!`"E(>.FNB04G#T+=DL1XRQL.NHYS(N9UT``7MV`!!=QAV*2[)AY<^P<$
M3.$,![C#75D^=$=O?'-&WT1OKW"$(%S3F'0X@O;H9X9#.Z$$';A"/(7>=5B_
MO!2]E8,$PG#9+X[@#W0H.*X/L?#_NB/PZYH+NR9BGF,.:"`/%H""!=*WN0%8
M_O*8S[SF-W_YNQ7>\(A/G.(S,8$T#$+.?RBX476N.<,W.O1Y^GS=87^XT9O/
M]797F^R[3ON\V;Y\N#]D[WVT^Z$/OS[G+>]Y&_%[\@6?B<>W3_%;'GW/7!.^
ME6C^^)X/:<]SWP_5[\SU[[MNY'X?_-[G?O@Y<TT`,&#BS/^V_.=/_V>?O]OU
MSS^RL_U]_.M?VN'6"/J#$0I6?IDP`$N0@`JX@`S8@`Z8@.N$-N>W?KGV?11X
M$_J#<Q=F@)6@5[@7@6<S@>GW?!?(&1V6?>AT?B"(,2*H>Q9X=YK@@:ZW@A?3
M@FDS?1E7_X+`,GHR:'@T&"PVB#8XR'`ZF"<\J()W$X1G,X3V5H1X<H3?]X/`
MHH08PX3;YH0_`H7<)X5Y0H478X6\!H,'B(1JXX7!`H:OAH4^HH7/QX5X8H;`
M@H8:)X8=2(9I`X>Q]X)%EX)1F(1Z>(-_B#%X9E13P(&4T(-UYX8_@H=X(H<N
MAS8#>`1VL`&&.`F(V'6*Z".,^"..^&EJ&`WZ@P!_5P2YM6J;<(E#EXD]LHG$
M%X@7HS]=4&M2M`AL&'RJ:!^LJ&BN&"SZ8P6UYF&T^&;".(S]0P7G1P7$F(S*
MN(S,V(S+>'_.&(W2.(W$J&W<1P'4F(W.B&>5H#\E4`1;D`*5V/\(J-ARMU@?
MN2A]NP@L],,`+K!6_U:'?5B&ZWB&]2AZ?+B%?JA^(QA\GV@?M?B!^TB"_8A[
M_U@?`3F#`^F/!>EZ!TD?">F#"VF0#0EZ='B(=BB!]YB'_+B'IYB1(;B1C2B2
MOI>/;3B1#EF1LW>1E@B2+$B2K=B1GQ.1B8B2%NF",NDY-(F)-KF2.$F0=^-'
M`3@(.YF*/<E[*HF4=Y,$;%"*IAB#+EF#,*F+.8DV26`%JO:48SB/=SB5ZEB5
M9_,&)\9@TFB,WX>,VIB6:MD_T+B6;DF-UOA\V/B6:\F-G`!@\8B17*F18/F%
M]PA2@R`'?)`!,'83<#`").!>>=F2>QG_DGUICX_Y01KU!P"@!2F`0YUQ@N/(
M".68<>=('^G8:I%I:X,``'<`C\%2E.9XE,:7E*TY":0I"!"`!&%U,:KIF92@
M!1AD`4^`9#@1FO31B40G@),I"`R0`1ASFPPGA5S&`6S`!YT!G)XAG%Y'";9V
M``I@6P)@ET9HDK9("5RF`A_@8YPAG148F5I@>A/00'TP;[;IG0(Y"5R6!GO0
M=[_IE:()E#,)GPHIGUY4&-AWGY')D?JID_PID?XY#GP``!:`:=&)G\$)H6>C
MG/;VF9YAGIQ!G:_'DN1X?CJ``2`:HB(ZHB1:HA@P!KZ`H3BAH;!FHB[ZHB&*
MHKV``"Y0F\QW_Z!U-U8ZNJ,\BDHI*J'G^7Q<T*-$6J3&Q0LH4`1]4`:;N0B=
MR7!%&J4[FDJ[H*(WP:*'-*12NJ41=*2[<`"_N)@=^GU<RJ54>@M6:A-8RD1:
M6J91ZJ6W4&R2^6'1Y@8)<*=XFJ=ZNJ=\>J<>\*>`&JB".JB$"JAD\']]FJB*
MFJ=A\'^.NJB0RJ=E4*B46JF`"@;2Q@ESD`5_0(ITZJB@^FQAT*BA6G]A``:6
MFJJ$^G^C^G_,5*K/Q@D<<`0+H)@WZF`7X*92JEV$V*3>=0%,$*S".JS$6JS&
M&JP$IGV#EU[*NJS>U:S.REW0&JW:-:W;E5@34(B#@`6KQ7HB9JW9=?\`$Y`!
M+E`$^*4&*;`!9U``5%=BX'I=(E!?92`"5N!+[-0&(@!?=C!H[AIDP?8'`-90
M>?`$,K`^"X`__3IC<JIN<\!%'R"N2&!"*?>M049IY*4&)*``*,`&&P!2,O!#
MZ14&(A`$2.`"6R`!MUIB)4")`!`$R#D'<\`&+51P69"5VZ4'OB1@#N64@O"N
MU]4%_#H)(H!$WI4%'O4!91!R]:J5(I8&[MD(!A"TW24`B\(&%K`%"'!@BU`%
M=-FU7ONU8!NV8CNV9%N7FI`"(B`%4B`"%C`!","IBP",U+I=5J``(RL`/@8%
M(3>W^H4"]W0(?\>W`\8`I0@`Q2FXB)NXBKO_N(S;N([[N'G"`%Y@`64`C[IY
M"'%0!1<G`B;0MG\P`D\`7%T@`/6%-UO5H"HU")0H"`A0!2F`8V&&0WWP!'\'
M``(@`+.(,2B@!MK:"!R`!J;W!U.`!HM2`%@@"%+0!U`G/@C@!8,V`1902EQ&
M2"DP`4TU51-P!E-0!!R@LW@C`DBP6B(0!ZE[<(.P6GM0M]H;L7QP=0J0![NE
MNWS0`/1[7E9@3IV:!`U@=3+0`.JV!E70`!Z5`4]`0.-S!C::5"MW"!NP!28`
M1E60`<`U3$&P`(*G-FT`MY2I/Q(``?B+5&T@P7]@`1_T!W.0`7D@`%!0F,%"
M`DEP5PS0`.MSOX?@_U$"L``9<`03T`!OT``K$`1=``!5D+KE$P1L,`AF0$=<
MQEIQ\`=W`$8-T`4^A;MLH`9'P+,8XXN#4`("H``-(`!5,+%28`(E<`4^I7:A
M>`4=L`5=0$9GDP1V,`A'((XT?`A3@`3!I#\-``4-P$]W<`95`,?F(P%K@!'?
MZ%%<U@$IX$!08`8HP`=:0`8<4`3:2@([I398<+7C0`<9T`%LP`9'0'F`%T]S
M@`,<\+%>P`$X,`<8`0":AC%(P*0)E@0/5<>#H`&7M0`#U`!.T`!3,`(N(``;
M(`$^NSE7<`<"4`0IQV5$\`0"P%@6P$E_8`("<`53D`)E\,IJ@W/)G`5!:_].
MQ"P`)-`!)G`'KH4'`F`"'6`%)H`$%WPQ;>"_76`!51!6MIQZ51`$J_P$>%`%
M6U`%5X`$3D`$1?`!'WL^(I`!*=`%!CP)6)!P4W#)NYLX<^`")&"CE#"\@[`"
MA<@!:A"\:",'0=``52`',W&Y@^`$Q08%?Y`!IO8'"D`$=#`%6R`&)+!U]L/"
MWZ/3IR,'+E`%"`NY0CW41%W41GW42)W42KW43-W43OW44!W54CW55%W55GW5
M6)W56KW57-W5CGN[8!W68CW69%W69GW6:)W6:KW6;-W6;OW6<!W7<IW6<ON*
M7HT3C'<V'WS7V)#7&+/7F?#!`5H?+`T*);"W2^;_UW9-F;D%`*5DN(<@`E8\
M#@50B$D``,<[`>Y9`EC,8@FF!5)+"0!PQ)005K(T"2HP!5.`9\`E!1XE`@70
MT!JFV+SX!T^@`?_#`$'P35Y0L(*@`@5=!1P0!Q_`!U)0!6=@`6AP!$A`/V<F
M"`!@`C(0!E:P`0O*!QM0!/`;5EQ5!2Z6TD%@`E_`!D3@!4]<:W_P5TD@`#@@
M;^HF"$AP!AF`F/Q5!0(`O[9KW3;[8+0-+/IC1C$]`F?P1A8D`2@K``4@`PO@
M!04`7\=)VQ"P!WN``%:`LGC`T@A@!PO`W7T@8!LP;^2V!@N``P'$5>@M8`+6
M`42P!A<<L<*[!_]-:,5&_TA.<-HAUM]Y$N,:)`8[A0(+T*YSX&,"4`)'P`%2
M,`7P907!-IE2L"@<,)@<H%0F_'<2X$<%,+(=_@=M)0@IL%-8@`-@%`0&X$-J
MA^*"H-"'<$U!T`$Q#K\:4%)7,+$;AN-XHC^UK`5U=002L-R!^P=04`2]B`0I
M,'-'L`934``60'5[L+<%4`4?\`9S@&<?(,XH\`4WW`5]D`1'@)Q2=01'8'5$
M4`:I;`)VH&YDE`5:=P6^^0?G10)6$+UB4`04+@+E-0(\36!T_B.`W0LDH`);
M(,N5D.69X+V,0,Z"F^L^LNN\D`=B@$N:H`5N7`G1S@@28./4BNP]HNQ\W0O8
M;O\?VK[MN]#M]?'M4+L`-KX"YKY1"X#8IX-#0KD%ESP(](,%O25P"Q#O>+,%
M05T""V!!*G"X&03PM?T)%O`&PP3?;V`";Q`&<W!SVE,`*)L$$D!(\7M-1&`&
M]]T'1"`!_H8WUJ1%@N`%#%`'ZS.K\1OP:D/NC#!Y9T5&,L`!QRD(.*P]?9<$
M@84#<@``IWU-$2L!;=#AQWLX:Y!R;U<%4Y!5K)X")Q]&`N_?H$#-%H`"^&,%
M*9`$P,4!=]#9H",%XLA39^!>FXH%\'A-^A-,6W``2+#J:E,%11"^E2T'=X`$
M75#=04#L>-?T.?X):G!/'S"95GN\I*4];'X(`:NU*O?@!Q%[`*=]:H=#PK,V
M"!S@!1.@=T1@GS"']W7^"<943@5`1TD*7'+0W')..DR*5BX-;#B@`BA;PG]`
MOD4``!#0!W=@[6IS!&U@`G+0=L/=KG(:IYBOZZ"`!E!0<"4E!8*'!OW#G:-C
M!UC`!DF%8W4P`6R0<GB&!58P7@:@`6MV-UN`!X2$`/&S9NX3[K^?[-"U!86]
M/^E?7>).'RK_4ZP'=]C5_M8'[MI`_YV!QV6[__P/"'V"@X2%AH>(B8J+C(V.
BCY!]07U_E9:7F)F:FYR=EY&@H:*CI*6FIZBI:9ZLE8$`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>u50149u5014906.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014906.gif
M1TE&.#EA*P'=`.8``-O;VS,R,N/CX\S,S(&`@.CK\P,"`KR\O-34U)6CR$)!
M0>[N[FQL:W1T=+.SLZ2QSY24D\/#PWM[>ZNKJ_KZ^O7U]:.CHUQ;6_[^_DIC
MH$I*2F1C8XR;PYN;F]'J]5134ZFXT(R+BU-JI?+Q\F-XKNGIZO/U^;K#V]+8
MY\S3Y-;;ZG>*MVV!LWN-NMWA[?GY_,7-X7*%MEMQJ;*\UX*3OMG>[)^KS<#)
MWG>*N.SO]?#Q]\_5YN'E\'Z/O$='1\"_OW7!XN7MSZ/6[#P\/&AG9_O[^X^.
MC["OK_S\_"0D(_CX^.?GYTY-39F8F&:QTO/S\X"`@.SL['Y^?E965K:^GQH9
M&86%A7EY>.'AX$`_/X!_?\G)R5!/3UE86$!`0&YN;EY>7O;W^XB(B%)149&1
MD;K@\+:VMNOKZ[FYN=_?W\C'R-'1T6%@8)Z>GEA75^_O[W%Q<#]`/]?7U_3T
M],"_P/O[_<'!P9B7EY:6EL;&QG=V=L_/SZ"@H)BZ0$BMV?___R'Y!```````
M+``````K`=T```?_@'^"?RP)@X,L#X>+C(L9*(V1DHTI(AEADYF1.(J:GI^"
M-`4H&:6E*J:ICP^JD(<F,2^@L[2UMK>X+!D<BXFWC[B2=2(V*$C!C9S(M0\V
M?Z0G*-(FTB@<+-4F#R+5*":,)[S+X^3ER"RZ((>^ML#F?S49LN]_RO22.ADY
MSQD\C0\X#CV0D0F#"!?W$BI\E\A&AAV(%$43A.+$LQ,U."3044#COC\99G#@
MH&(0#PXT4E`\82(!"`R+<LQH80.A#@X9'A185"!!CQLK,]K0<3+!O@(/'LQ(
M`;->IP(V6CS8QV.JH!WJ_IR@D6#G'R0WN'K=08.#*X$D*/;[%W#00'`]_Q+X
M^Y/`T,*[>&TEPI!`1$E"BE9T`OAG&P<0,5BT`($.9@89#VB(@/%,1()ME!_$
MH&%#QD=!!60(YB#B1`X:&6QX%<1#!(>!,PJ[9JR8-C\;"62PP*0,A0@:#UKX
MQ4#"4!T2SAZ0>,"!A"P;RYN_R)<@*B/D:EG@V+[ZP0J!(I(F_;,CM8U.(-+F
M7<]^DB\,,43X\V6/L&:U=?@AS*#R#XT8_HDS0P^%9;#3/(-P`*`@`[U`"B/6
M_3$#0??]`4,&^3WXX!]AA.=4/>+X!^`)&>APPR4O9/!7##.D^)<,,_#`WQ\(
M#I*36I<EI8-;;3&8P7;;22B#/TU=.%=[2"+)3O\8))!@`GV#!408/VI!XLX-
M(OPA@FXLD)!EA8S8PX\T&3#2`Y<DE#GEAAJ6*8A/'XH`E"`IN"D#8[R@@@X+
MX>F)CH<X)5`CAS?R<Z1`/19&T"'PB?!2E4E&RAX[?X36PG(?%B9E6VP"X\X,
M:6$GT'?).$-G/QL>,M(B:[K9YB!E?4A";(*<L.@)EB!4@(&'[+K:(#"P0.H@
M2!1*RJ%N#:LH(QC8*DZ=?TDJK4*4_M':C0G@@$$8+6RJ%J0SNB"#(=O44&EL
M4X)ST!\YQ!!0JH/@"@,&2&GZ+96D?%,G4,HD0,)./(PKB$$$"D("#3I@H`)0
M!R>\PPTUE%1G?H=X:"C_6^!UDP,,_I`HR`PB8#+MR/14:^&--8B`CKOV4CFF
MEAFDV<(W+_20@27D)LIH`AGP&<-.\`KR`FJ6L-!RI_R(D*:IRIB`0\\9]/"-
MM2H.(N[-<CXC`]8WJ*#R;XRL>C$CZ1:8R@PDQF=JV22WO4P-OPKB@E>CY%"`
MK@C]08T@U'RC@S0U-"6("BCD??<D/*"@PC%ZG[5(#2B86VG>>S?.#^1Y_S'W
M()!++@@'.O^-PF>B?S0*"H-:*`),U(C,4^:5=C.ZM8HWQ8)%;N>N^^Z,!*W)
MKA"9$P/NYKA`@N"\)Z^\M+YGDAL]/,2`_#@I+6_]]>W5.\L#CI>S0]S(F$`9
M__;DEV_^^>BGK_[Z[+?O_OOPQR___/37WP@-*^2O__[\]^___P`,H``'2,`"
M&O"`"$R@`A?(P`8ZD(&TLI\$)TC!"EKP@AC,H`8WR,$.>O"#(`RA"$=(PA*:
M\(0H3*$*5\C"%KKPA3",H0QG2,,:VO"&.,RA#G?(PQ[Z\(=`#*(0ATC$(AKQ
MB$A,HA*7R,0F.E&#;TC#(!8@AS^4X`<_>,,@ML"'"OP!`'A8PA\JP(<!/-&(
M/R"`()8PA"W\80($F$`)!"$'+K2!"$H8P@\^\`<BM$$#53SC$-,HB`TX0!`3
M:((2!A''/TR!D`PHP13>J$9!"I&0(T@"&[HP`CE((?\``!`$`7[P!Q\0D@`1
M\,$?"-D(`DC1DC<DY`"\\`<)D$$0#KCE'ZQ@`0Q\(`):Z.,"/H`!"U@A$@H@
M)2QM2$@*>.$(/AA`!PZ@@"TX``UIX`(9&D"!(9AAD@V`@`]>R8AD+M.&45PC
M!-3PART8P8T`"$$[N_C%,(ZQC)(PYSF!J$5<Z'.?Y_PG0&$IT($*LJ`&?2)"
M$]K$A3)TB0Y]:!(C*M$C4K2B1;PH1H>HT8T&L:,>_2%(0]K#D9)TAR8]*2U^
MH(!!Z.&0?VCI(E1)AP`$(`(C"(`/H#"_E*H4%"P51!LV,`B9#L((5?C#!T:P
M!`6008T:Z*DRR6%4!$#@#Q3_(,(8R*D'+ER5#PI0@!+@$%8X/#&H2*C".@5A
MU#\<(00MA0`8OJ```00`#@R0JCD,((@2#"&4$P@!`OCXAS1L0`D!P`(!CA`%
M#`@```S@PUE;*@<]9F$-,1W$$K+`@"I(-@(2L,($#'D!O9:#KW]@0!,6\(=1
M_F$,?=7`#X:P``(0`;-?24(1)OL'`70AM:24Z1S9*@@`!"`*C6SK^WPZ"=0&
MX`H^.(!KHVI%!4`7`VDX@`9":09Y/G$/9OV#&)B@!R^&MPNA_$-X&6!&++!!
M`Q8P+3E0&U4T$,`(:%`"$P01`C3$=`^B)*4/%LG0"$RO@LR5!&KU`(8A1"`-
M6>A"_P?L\`4L/%<!1="`!`*P@`'\]J<23+`F`#`"03Q!BA6X:@40`),*;&&W
M6`5QB*<J8R&*N,8OO#&.6ZAC&0>A#T`.LI"'3.0B&UG(ZNLQB']\Y"8[^<A)
MIO&.9\'D)UO9RE&>LBVJ?.4N&SG+,0PO6,6*`"Y,8;A+8,(X_[`!!9A!$`*X
M@NZX[.4Z!QG,M?``$/;,YS[[^<^`#G2?<R=3`CB@L3X`0!X:(`@L8($.1(V`
M`(8PQ@"8,7=TMG.=\4P+#_CATZ`.M:A'3>I2AYK0HF2#?S_0@2/`=A`E(,+`
M)BD!/&!ASIK.=1\X/0M/F_K7P#8UJO_PALKNX0Q6`,,Q!_^AA0@(PI@Q_8(/
MVH!I76N:UZ#P=;"WO>UAB_*6%:#M(`;P!4&,8`P4R*Q^JVWM3=^#E1BX0GQ9
M.H3A5B`+"CB"4GUPS",H(`M>;$2"M<WM@I=ZV%_@0@!&X$M]#X`(`*C"$!1P
M!ILJP`YMR,(0].VV3+?;R0EA)1]D_0<NC,`!1A`$!,@P`B8@P*Q=H``31D"&
MJPI<RMDVN,Y)S;L*#(!Q3Q!$!?`P"0$(`-<?[W+(U8B$`!CA`'_@ZP_VVUJH
MRU:-4MA"5*6+3)Q_@N`[W[D0/9[T+[];C6M(P@%\8(>D_L`-HO0O%PAYA3+_
MP;[()`,6]\[WOOL=!&$/O!_\3OC_PAO^\(A/O.(7S_C&$YX*9;^RX_M.3D80
M<@%#0(($FK`!+'3``B.HP`2D@`4F"*"T3,``$[`@A0ET_19@%SRWQQYY+-]C
M#Y+]0P>2T`7L!F`*2G"`&B\0@"J*(0F'E$,`P)!/KWLB]K(/-NUK#_)(E0#`
MMQAX]'4^?>I#.7W:WW[!N^_](F/[Z^(??Q#)7OY=@]_YFH!^^GD>J3((X?[X
MS[_^]\___N._#)'"?N5W?L\W?]T6*4!@@,`&!`'8?F:'/N&G@,*&@!)H:@R8
M)`+H?008?Q4X@4F2@!TX:A>()!E(?1N8"?+7@9("@B$8:B/8'B58>R<X"2E8
M@2O8@J+V_X+L$8.1-X.24(,2>(,X"&HZN!X\6'8^&`E`J(!".(1^4(1Y<81)
MEX2-L(0&V(1#"(5X(84?1X6,8(7SAX4XJ(5WP87MYH6+`(;I)X8M2(8+88;6
MAH:'H(;BQX8AZ(8*`8>Z)H>#0(?;9X<=B(<)H8>YQH>"X(?1!X@5*(CW0(C7
M]GZPYX2@IH@2R(CTX(AV9HA_@(BR1XD*:(GO@(GN!H'PAX*2^&F>:("@:`ZB
MZ&6:R(F"EXKSMXKET(I*!XFV`(N!)XOI1XOD8(M7]HJGZ`>\*'Z^.`[`:'ND
M&(FG6(S;=XS+D(Q/)HS-2(&2"(W(((W5MXRY.(S.&'W8&`S:V/]DU"B)WRA[
MX8@+X_A]W)AGWFB-3IB.M[".#W@^$>B$YRAX\KAE#FA^N.B.U?B!I[B/M4"/
M_MB.G?:.`GF-#=B/0U:.^`B/6=B0#GEG_YB0`8DD+#B1&%B12':1O::0&CF0
M%.F1$#F$^1AX!$D+!DED"9$&RF0&!*!&<C"3Y$0&;'!T#N`&>=!;;&!S-\>,
MYBB18UB2%;ET@O`%A_9&C)5N?Q`!MS4%"Z``%1!54[`&&^!L0=F-&=D>&UF4
M'>F10(:4?_`%#,!:$T`$@=1:A_1(:M0``C!)PO=Z7#F4"QF/1NF09*D&>!``
M2@``;3`$ET8`4&=*6*<&JL1U`J=WD_?_`X!WBHT9F7WG!*?H!))YF9`GEGUP
MF96W"*PD"'"``()P!$3W!R'0!A0P!EL@`6PV`A]``6W@7>7$F)/WF))XF9=)
MF9)HF;C9F)DIEIPI"814`1M@!0%0!'I@!`&P!GQ@`6?@`QM@!!B0!5I`5$:P
M`5EP!G0)D'8YD@P9EF*9$.GT!WOP`ZP%DU(D`)*5!FH`$TOP`XN$`6K0F8=P
MCRA)E&V8E_UXDCB8DF&WDE2FF>Z'D"'9E>SQE?D)GB8)DCEGH.N!H'>HGP[(
MGRWHGSL'H*#0D@_)H.CGH'D!H8$HH>U'H2%HH3J'H9^@H1])H`W:G5Y)D@IZ
ME!Q:@!Z*%R"Z_X@B.H`SRH$U>A<W6HDYJH$[:HH]NA`_^HE!:H)#2H,B^:+?
M28("2J(JB)\1&J-ZN:0_V*0'"J-0JIE2:H-4&J)6NI]8JH1:^J!<"H-16J95
M>*8?FJ8[N*8LVJ$NNJ5/JJ9>RJ9?Z*8V"J=&**?V6(I,6J0*<:2JF*0RJ*=I
MR*<^ZJ=1"*CF8Y_]&:8X.J83JJASR*A&ZJA;"*GE(ZD52JE`:JDCBJE]J*F%
MRJEEZ*GD`ZHE*JI(2JHZ.J<T6J=H>J=QFJ>TRJ.V^J:X^J>Z&JA"&9%WR9%=
M&IZF>HBHFA"&.HN(VH/)NHG+>@_-VHO/BH31JHMA9Z(&AZ*>H*(6N?^K1-JK
M??JKCQJLD2JH64JHS*JJ;\BJV..J4UJL8'FL"RJN@TJNC6JNG8JNY8![@D`&
M865%8T`$3OD'>O`!4D0&/N!?:3`&>M!\PWJ?])J@]BJC],!*2AD%?80`1N!Z
M?V`&>C!82\`%%9!Z'X``7_!F6\F=Q.J=>"FK0IJQE6264N1VI=5:;S8&A*0'
M``!;,KF=&*FOF\JOJ^JOY,!*"[`'25`!4D=UA/D'5_<'6;=UE51.!I"U6KNU
M7-NU7ONU8!NV8CNV9%NV9GNV:)NV:KNV;-NV22"<5ZM>:Z`!%(`&8B`(1H`'
M^K4'K`D&^D4!>)!R6F9"PSD%#1``(=L%69#_!A#0`7/@`Q+V!UEP!;+6`8H[
M!X.K0D]P:845="6@;R<F"$BPEFD0<)E[NJB;NJJ[NJS;NJ[[NLES!!+P!6+`
M6JM4>5+P`:24!D20<@N@!WK`6C/I7[RS!%;0``U@!U.T;']`!E/@>B7``'I`
M`11@!5\P1WA``+F7.P)`!%60!`V@G7_0!=C76TQ0!1*``5N0!$,@`".P`57@
M>D6@`&R`0GRP`6^``4?`!+OE6H,0`7ZE5'*PLB%P!$<0L4,0!9B[.Q00`&Y4
M`AK@;/IE5'P0!>U+!-(T`1-@!`_71U%08KE#`4F03&@0`+3T!TDP57NP!1-@
M`,IG!1M`!!80`#]@_P!%T`%5,%PF-&"#L`$]Z;^'`%NP)7P7,`=ST%))8`&F
MFSM'(&?%151B<`7*I0!8D%1S<`$70$I)Q01\8+MNT\*W]@<'8`"WEL*+$`%5
MH`0&<``0H`!$T%(&``!)4`4?X,4DU%970$I`+`AY(`6EM$H$X`-(@`$ME4;E
MMCO9.P@5P+,!P`9)0$X(P'Q\A0$^8$I1]P<#``&$Y39M8`!BM$H&($5F/`B4
M?+<&\`-XH`!M%G5V8`!'$`"Z5$)Z`+)^I45[W'+IQ@1*``%&4'=V1VS*U39O
M,`1.*6\5$`4.0,SFY@-B-&`#(`9BD%^J)`C3[#84('$_X``F+`BC+`B[9_\&
M`I`$>'`%7=`&RVD`9^#)0R"X)80$7<`$#!``[-1:4X4!7I`%8+`%EIL%<[`%
M/J`![B0!/@"4NG,`=^4%A[Q*1H6=8,`'9J`!BPMA&F`&:``''Q"QNB,'/I"U
M8[#`W9P&6ML&:)"U`+```6``Q]0%!I`$1X="2[`!#-`!!\8(`!!P2_#)`-#2
MRM,$4R`!.BT)`M!/3]#2`A#&O*-=5;`!=OQ#(V#4]H,!:UD_;]!/L%O55GW5
M6)W56KW57-W57OW58!W68CW69%W69GW6:)W6:KW67+T'1+#$@_`#`8<!.KQ*
M<"T(:2`'/ST+>YT)++L,?2T):/`!S$M'N=<&4I3_!Q=`O)H@UX.`!7J@`7K0
MTC]0>2$P!5`W!VP0`AB``7JP`9B;O8P]"-O[!WPPDQ9``03@!FYT!!<@FIY0
MVFKP!4P`!00FQM@W`A(`!F:$`!=`;7.P`9Q=`3.IKK=[%T3`L:VDW`+0`8=`
M`,KMF1/0`7<]"03FW*"0T+=`8+&L"1V@!!_PUQ60!&ID!&R0;@'P!EFPU)$`
MW7@=`**I!AQ&SX?0`27PMG"P!HN%!V1@!\>4W`M<GX<@`&G0`$=@`2%@5\.T
M!-2E"4;%4EKD`%07<<JT!G2P!Y2F`4M0QW!@!XL5!7H0!=7-"'M,#DO`!AMP
M!&I0!<O&FF9P!!@@`5!@_P1$H`8C``=*8)9P9%NP_0<.P`9,,`&W9+T1L`1@
ML`%RL`<H+IH-H`5:8-(*`%Y[L`%:<+=FQ0=[@)5$P%07P``);08;P`98L`<*
M``;LU,M$1P960`;7V0:8%^5FU0%$L.5\,+MH<`8HO@A:$%]8!08,X$J"20$`
M$+%ZH$P58)9[L`=ZT`"NAP=$<%R@R=@6$%\E_@>(B[-%G%E,8`$!7E2+@`2Z
M=00,8`8*T`%JI`#I)0`,0`1+P`<04.-(H`=?D%343$X^_`9$D,>,\K8MY0`X
MO$H7$`7Y)CA$<`&);@5ZT`1_8`$;0,/T\-HRIP190&!6L`5<<`%T(`4$@`!O
M`/\'PNX`RKX$KO0#&!U3(_`#$U!N78`%%=``:X`$;]`%4?`&B#M)"K```(<$
MR52_B-M2H^1-8G`$7="3ASP"/E`!`/!(%B``/C"5/[#>=;P$:?`&4X`$^1[E
M&X`!:&`%BV7P$0`&GRP(%!`'!$8`3!!6$Q``8W`!:N#'4J!,(2`!KO8#?(`!
M\,V_[OT';C!59G!+)8X`LB9UE7P,+?7,.2O@A\`'QR3?/D``8G#J\_P%$P`!
M5[#MW7X`/&545#D(>3P%;J``X24(KIY9/R`&0D\!/\``WH5=>3!*>(`!A^4#
M15#IRW`!Z:8'(V!4:48$#3`$BL6Q7R#L$`!UK14%/Y#_T*J$[N4&`$SP`Q4O
M"(1%:>6F`,+.5H>?6:HT2DE@!S_`\%YTR'*0LWKD>A<0^E@T`H=L`1U`5#*5
M3'<P1@W@6BW5!!\`8^I%^.3Y`VSPDX>D`"-06ODL2DWP`^7I>C<5L3G?Q(-P
M`9BUQW,P!B66!74K!0T@!Q30X+2.](,P!%K$LW]0!0?`FCX`PHO]`_H-^`[P
M9D8E!=@M[5>D^Z_?5ZGWQW=P`-*/!GY,;)/T!Q@`"%86!#\3?U]/>G^$?XV.
MCY"1DHT34Q)L?PJ/8'(#8(M1AU$*:4P$!P11/U^.!`QL$ZQZ;$9F&@1[4$1P
M4H>940Q2:`JKF7\,1ED_'5U2_S]J'P2LC0QZ4Q,_4U>?61(;;]->?#X"$E)F
M"DH^6CYYC`H36@H5C19)8%<$AHL$:0%7'_Y<@'/!D9PA!"04^A,`PX8K"D(U
M"C&D00`+C1@UP@`F"Y@C9KID28/`BX8M=AKX"#&GRR--?\"L,0.GT1$?&VIR
M(:*H$1HN4NZD.K0`:!)'1;XP@1-`3:L?C2H$F`)FBQXB6?[8&FE$0@`SC>8$
M@#`%C2%6&_00F\2V[:,W<B0MB3IISH`B;AL]0=#HS1H,?P1@B80!`&!(2@`X
MPI*&+8`1?W[PB=MHSYQ'(P2D05+X,`8$]"`!6"#)S@'$:Y`T,OQH3NJ\?RA\
MN16Z;?^:)WT%-,*B^X\126@47VZT0/&?Q)`$&,^[I,L4/(?;`E#22`#NSV\>
M":BP'+;W[^##BQ\?:2'Y\^C94J"<OCWY"HW=RY]/O[[]^_CSZ]_/O[___P`&
M*."`!!9HX($()A@@'WL\L@<;&(S`Q1@A[/8);'!`]@<27W0XQ1J-,.A(&AH,
M80@94Q#QQP%<7*`:%EW@IN",--8XGT:!#3$8&03\H4%L%\"45T2-7-%!=3#A
M*``22RA`@4M?(,#$`D8T\0<3#=JHY99<YH4C&5_PL=X05_TAP1I"RC$%%ZA<
MP$8(&/CP11425?%(`WSAV$@I>TBPB!$_HG*`#QUHV.6AB&K(B>,%!#1`!!I,
MB,'&`5G,F4<C8+`!!1N$(*$`&KT0R=`+CA#1F)Y_$+''&E<L0@83?Z!!``%L
M6.%#HKCFBB`C(U2P`19G**`/!4(*J0=42KRS1TVBMO$%=6:,D1%4CAR!QQ]%
M3/''!@!P48(^8EA`++:ZEFMN?R+R884:/FA@!A9,^&!E(S4ULL04'[0A8DU:
M2#"&H4WX$``89X28Y1]S,`$&)WAPT<`?$6C`!A)1C"$O``R<J_'&]T7AU'US
- -A-`%%!R7;')^@0``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>u50149u5014907.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014907.gif
M1TE&.#EA)`&Q`.8``+R\O/[^_H2VS':(MXR+BV-C8[*RLG-S<S4T-/;V]OGY
M^4Q+2X&`@*ZNK5-34VMK:^[N[N;I\GMZ>^GIZ5Q;6ZNWT][>WN'AX2<G)]/9
MZ`T,#,[-S?/U^=;6UL7%Q;:^G^;FY?'Q\=+2TMK:VJ&AH9:5E4)!0>CT^IF9
MF9*1D8V=Q*2QSYZ>GMWA[8:&A<K)R5QRJJ6EI<+"PK.]UU5LIKK#VTMCH$9%
M1F1YKH&2O?7W^\[4YOKZ^L7-X4Y-36YN;E965='J]:/6[!0L-^7MSR@P$<O<
MGZ*[QD1$1/O[_)23DV%@8/S\_$1#0U]>7O?W]X^/CWEX>"LW//3T]-O;V]34
MU.3DY./CXTE(2-?7UX"`@)R<G)N;FSP]/4='1WY]?EE969>7EY23E-/3TX!_
M?Y24E*JIJ7%P</+VY]'0T,3$Q*>GIU%148*"@H2$A&9F9FAG9\C(Q[FYN;:V
MML_/SU!/3UA75^OKZW9V=HB(B&EI:>_Q]\"_OYBZ0$BMV?___R'Y!```````
M+``````D`;$```?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4E9:7EADY`RH1AS4K
MF**CI*6FIZBIHBTV*A4YH88K`ZJUMK>XN;JB%;2"'(>SN\/$Q<;'ECTV.X0<
M,S4*@L*".Q6>U-;(VMO<W:),*JU[?RTT`S@TX\(!YSDT,W\K,#DP&=[W^/GZ
M`3,T,!$MF"6Q42,>K1HT@/6`\2='#B8Z@.F;2+'BK@CS!+5880.>L!7F!@RP
M00[&@&L64ZI<66F<-!L\<JA@Y9&6/!TX=0B*H()&"Y9`@PHU-$/%'@X#<F2P
MH;.CP3\1.@;0$6J&C@`X*@S=RC5E"QPV;,!H`<&D.QP[IM4(:X-6CK#__[K*
MG8L/X"`=+9+L07DW@\L_>S(DH4NXL.'#B!,K7LRXL>/'D"-+GDRYLN7+F#,O
MCK"BL^?/H$.+'DVZM.G3J%.K7LVZM>O7L&/+1EU0L^W;N'/KWLV[M^_?P(,+
M+R5B$8\.).B0F&`!D@@XPZ/7`O"'S@@F@BQ<`0'A#@\^#,!3B?.'2HCJ%Q*4
M5R_HBI4_>JH(8I*&AP4(]RU,"!!@#(\_%TPAW8",,/`'!B1`(0@#6K!10AU_
M,!#>A&L0\,88)AC`Q@8'E""(&E_@,<<2=`AR0`QY3,C'&03$\0`)<&3A0!@$
MUHB(@29$N"!XX$6H(@-Y_,$'`3F:,`4>)"RH`/\/"Q@H"`(-H*"B%H)(\,<7
M+^3!A8U<$H*CCA'R:*"$8IKQ0P$6%)G&%P<(LL$;<'C@Y)51Y+$!$%CT"!\9
M/W00A0-=!BKHH(06:NBAB":JZ**,-NKHHY!&*NFDE%9JZ:689JKIIIQVJ@\`
M##0P"'@&0D"`$@DD``6JGB(:`QU=@+`@%'Q$&`,!4J)`@(*M(HK'"`L2\!X8
M?T#P``9_W)%CKX9.L,`@%LQA0@(^_,$$&QI8NZPA"?+A[;?@ABONN.26:^ZY
MZ*:K[KKLMNONN_#&FRX$E-1!12$'T+%$`E5$L<`350!ZB(3,#@@%`DZ0`$8:
M>$2!0``Q.(#$!G/<L,#_!C?.6?"``%CP1`<!"'(!O7],,$$B!&\L:<HJ0\IR
MRXZ^##.C,L^L:,TV(XISSH;NS#.A/O\L:-!"=TETT38>W>L(!;QQLB`$.-$!
M#P?8`6P<8-`HG-*MCC$!"P\($H<$5RP0P@86W/`'$A,X05YP7/?*AQX[_F%"
M<P%X8?>(0<*M,<]+C%&W"6G\48(!?XSQ`P)9;/VWS0D.4D(#3""A0`=.#)(&
M%L/%W6D<&IA@@@)=/'$#%B5`@`$")M"1`!A/,V8&&TD*T@$%*/P!0@%XI/K`
M`>P9XCFS+&@F1^57"++`%6X?\,(681P``(H9([W;`\VE^8<!#``:PA+(AK!M
M_R'#8^K'^>BGK_[ZYPO!V`75_I%&CJ!"R(0#V3(QOI=+R.O__P`,H`#1Q;X"
M%E```TP@N$@6B20X0%9_4``2F`"%$BP!`AN0`!ON<*?JV<R`($R?^Q0C`0R8
M(`5GV$`)L%"')\B@"5[(P@NZ$$,/SBR$.!QA8^3PGDF4[U(X#*$.>_-#2P41
MA$/D31$K=40#)G$W2Z14$POX1-U$<5)39%\5<W/%W/!@`]%(11;7MT7<=)$R
MXS/!&PCPASF0`0'J"8\IQJB^,M[FC)-)XQT(<0#!R;$4=!0A</`HF?'EP0YM
M$$0*.!>F.0:R?8-\G#[.4`@0D(`)>*C#'/Y``BP<8/\PMMC?'[I0G#]0X%Y_
M),4C(5F+V`D(0`Q,"2%K,3X>>($!<2C`%+KP!P0\H0`RN,6R&J``/L0!`2&0
M@0@>V$A`KM*.DGB9_@1A!BN9P0036XGG2C2(+/!A,%/@PP7^8`%OF6)\7R@#
M`S:0)P3T<@Y>Z,`M:J<'*WS!`1[XPQH<L$DA-<>9CX1F)%Y6PC]D80$A<T`X
MEZ!-229B6W<H@!L`A8"#48$!>'!H);;%`@0X``$3F`,#W-D%+<13%\G;Q2K]
M(%!(L`P%TC(E&/#`@QBP`0L,58GGMA6R/V0+60\`#P1+L3\]N:%X[C1`[A2S
MTI8^(F5/$)T&7&"""T#!!<7_.@-U=*K10^S/`F_X`QPTH(%B1J$)Y_Q#`MPI
M)`,!X`$A^\$-$/#/Q#2U%`1[`01S!(87H"!(!J``2W9*B`0XX#S((D'M\,!-
M4XCJ,G<EA3G-$`-!)`D"9W#!?\H0/%EVU1#+,M`!EL`""R!`#G;@@Q+F@($P
M&BJRIK#">;:1G$&0H``_^(,'L.`#*W0`"VSHH?`^6PANMN$[WIK`%4H0S#E`
MH:ZO?29C4OE'IZG!#7:P@!H*8$-([%$R)Q"">,=+WO*:5[PG$`5L$Y-**)B@
M>,_B`?[^P`-1+HBXM@G"2H.@7NDN)I6"J,,5@/"')S@!65&]4?\4F,`CK!2`
M#E[E_Q$`N%($,CB!L71IK>@0@O0@P0H_V(`9"``'-1@@"MV=B'Y7*8H5/Y*_
MF%AO)8Q`XQK;^,8XIC$:5%%;//#A!SY0`H`<<,$)`.&"*=:'BP/9XOWV-Z"B
MZ(.4ITSE*EM9RD2XQ0M>&4W\:F/)=&SR*F%\"1E3XLIH1G.6*3++5(!YC&)^
M\9,#Z=1%I/G.5%[S1-J,BC=G,<Z!)+,ES#P)/!M:S_K@\RG\/$5`TU'0E2"T
M)`R-9T3G0]&F8'03'3U&2%-"TI&@])TMC0],ET+31^1T%CT]"5!#0M1I)O4]
MB':"(-CZUKC.M:YMK9-+H#J(JIXBJR7AZD?`6LT5(9H0G/_LZY4&NXG#CD2Q
M'7'L*\O:&\IFMB5^C<-G'S':D)AV(ZIMY6MW(]MCQ@2W0^CM((+[$>)F!+FK
M;&YNH%O.S6:QNK4]:/]>8MYY3O9GEYWN?#^RW3A\MR/B;6>`8UG@BR`XOK?M
M['T7O,S^MH3#'\[F@?.;$NL&(<)#J/!&,%P1&^]#O;=Q[T!;_.`O=WF,,UZ)
ME*]<&RU_=,S#O/-.SYF.=4;YQF].BA&$<62",!G*/'[Q2H3<@",'8<D9<?)$
MV%P5J7R`!+IP!Q)0P`$`,(,#*+#5X4;\XY-X>@&C;L"I+Z+JB+AZ*OXX!;5M
M@0`44``5\#`Z*CQK8$R?N-,K;G#_F6,<RIB0.RK^&`?Z,4!O3,!"_NP;H067
M2P`KG;#_(OQ("&>>PJNTL/]2_@%T9?BIM4I6CLS``#N4[`?(F@#E<^[SPO/<
M]K4_/)VC/'2LUXH$5ZB#'&Z0!1>40`(L<`$!VK!4LRM"XH8?O+YQO^J?CS'H
M5N]]*OC0'#&H80)ND(-:<<4?**"@I\Y/!/1U3OU&][SZ,T?\O[5?B^_Z,/#1
M!SGA*=[T2-/\S/27:/C'?OP'<^T';=:71=@7=P%X:0.8>])G@`68?Y_V?X76
M@*7V@/`W@;?'@1#H?_*G<1@X:QHH;._G?@?X;0DX10MX"(HG@&?7?VFW?Q%(
M@:UF@9,V_X+85H((F(+`=H(]J'M`QWL.1W3'0'L;6(,=J(0?6($A6',Z>&X\
MJ((^V&U`2(5">'U$"'!&:`Q(:()5R&Y7Z&XKV$0M:`@OZ(`Q*'CZ-WT>F(0@
MN'N)%X7V-H5D&(8B-X8)5X9'=(:%D(89N(8V&`EJQSYL5T!NIPAPYX)TR')V
MN(=X"'5Z2')\&$1^2`B`2(*"2(!,^&>3*'65F$-;.&]=6`Q?&(2=B()O"(99
MJ("C2&ZE:`FD,GY<4'ZUF&2%L'Y-*`F%N#Z'R#Z)F`B+B(:-2`H,T`:B8GS(
MIWS,AXN$H(MP.(-NF(JH&(=#.(=%F`L,("Q_0"QW`'NJYXR#`/^-K$B-J?:)
M;1>*0O2*U1:+E1`M"*``:A-YDZ=@YX)Y$O8_G!=(GI>/_U-A`$1ZID<*C)5W
M>]=W?Y=^B$".U2B-$FB.=]B*+,B.Q^:.E!`%+H``/.!U#L`'8@<&94<^CTB)
MD;AVZ(B(ZHA$%`EK%CD)']-3%_!=2B>.@L"06`B15EB2P)B23K22HM:2VCB2
MH*B3OGB2.QE_<CA_V=AQF[B+A$B#;<B&3IB4(KB4>R:4Z4B4ZO.+ZQ.,B#",
M?UB,R'"*-QF53&:47<F35.23E`:4N$"6$8F38JB5Z>.5AP"6F"B61XB5*$F7
MZ,.5ZF.7AH"7@Y").]B4T<B+4.F0@RC_;3@8:GKIA7QYE*NX:6@9F&JI16QY
M:!#W?&BGF--HEIQHC5J(C5S8F>KWF4\9FHPYFE-YC4IYFDSIF3((F@\IFD[I
MF$\(@%8)@[0IE;9YEGYY/H)9"(0I"(8IA8A9CKCIB</I!\5)",?Y!\E9A\O9
MD,&YA,W)G*]9FK%)BJBYD*H)";VXE9=9EYE)1IM9:>%Y"#89E]MIF<\9G8,P
MG=5Y"SQ0`&`P3H!WG679FG!VGNA#GX)@GY&)"E`0!F,@,`KIGN/Y".69/H")
MGD@)FU4IF\9``4_P!P36G[_9F!"ZF-F9F^'VF*]VH*?`!O\1/\)C0J+SHC!J
M`E(P!#1:HS9Z_Z,X2J-=$*,\VJ,\V@4Y&J1!ZJ-$ZJ-`*J1(6J,[6J1,^J))
M^J12T*126@146J56>J582J5+6J1>-@EN,`<@P*"%4$X75J9F>J9HFJ9I>GJD
M``$^<`/Y9#UR.J=T6J=V>J=XFJ=ZNJ=\ZEUO,'82T%.4-`AR125KL``4$`"_
MY0,@0`=V\`/R,0EW\`9L0`%1$``CX`--H`:VY0->,`400`$+L`8!X`2C^@=G
M\`-L-`DA<`84``0%0"]$PBM_H`4^P%T=<`.]]5M8($\+\`/])`D!D`<4X`-`
M\$\\`"&"D*DW('YXL`!L5`(+L`0!<%NY52-LP*E_0`9:,S[O@2P+D/\`+&`&
M3E!.0=6EA\`&6T4`80`!'=:AY/0'45`&),`"";``9J`%`;``24!YCO`B@C`'
MKA<`]34(X_0`8[`$YHHF%L!=_MH(+!`%V)$%O/0'>9`M@N"N1F8!3A``6&`!
M#A``6L!ZJ4<)!Z4!&!`%@T$'W#4(7(`!&,"I7Z`!<+4%H7,>!/`P0)$%VY(`
MRR)*[I0CX)$M]:4&7:`'K@4)/$L(RR(";4((42`GM6("#"!^A`,&;"!^DZ"L
M3R((+%((%!`"1"LZ@I`C"$`!_"D)8,!E>"`"84`"^S,"!Y`"!B(!*6`E<L``
M*8`$6T`)"8`!<#`!:H`!@L4';"4(,L`#<(#_/1H@MC*``710!R1@`1H0DBJA
M+(-P!3];""R0)$++``BV+"B`59*`N8(0`,NR!"DE,L\B1U1KM??"!,BRM>@W
MNW$@IAW0)J&[N7_`-)3P`&D+3!J``!J@-8+P!EG`!082!5R`8GDK"&@["6:@
M`23#`-EBN(8`!BFP!MER0AJ0!&0`!TZ`LF_#$@5@!M:R!(\U/B`K"$@P!4K0
M``4@`G+P`^>!`FY`"050/$R@OG]`KX00`$MP,C&@!%.`!`T0J$CP!`F0!+,K
M"6X@`=B1`C\0`"'`!&B5L5BP1_-;OV\@`B+P!AN:!2TK"0;@!.HQ!T@P".-3
M!@IR!2';!%>`!0$@_P$-L*'[.0D&H`'\&077>[B",`88P`33.TIAH`$\(`&P
M5P)GD#E`P0,I@`&5.PB#^@<!H`>B0P(>P`:Y96071`(.H$N4P`,H(,6;9`$+
M(#JSQ0*B4P`\\`-LD$\24`<>8%@^$*PFW`4:4`:"P`9L4+)Y(#HI,`%V4&1`
M``03L`%UP`:K*PEJX`,:0%-4#"U8H,8H4`?H"P!U8"4_X`"T&@D!T`48@`)G
MH`&Y@[V#H#H^P`!B&P,:D`85A0`&T`5X``95#!134`;1:PRYG,/&P`0Q``8E
M6PPR8`>(4PP0X,,:0`#8P;*$H`0O^@=LS$8R8`)N_`(L-%1]ZAA6``<IBP9^
'V_PS@0``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>u50149u5014908.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014908.gif
M1TE&.#EA(P&K`.8``*EV7#$P,-O;V]'8Y\O+R^2NE/#EU>3DY(&`@*F<.Y.A
MR$)!05)II-'J]<7%Q:*BHM75U9.2DNS)MP,"`JNKJWM[>W1T=)V<G(R+B]V9
M>+R[O&QK:[2TM/W^_E-34UQ<7&-C8U:FR/KZ^I]-)LO<G_#P\$M+2^WM[O7U
M]=%V2;O$VW>*N.GHZ>3I\Y."=MG+Q8F(A:^AF,G1X\9I,?/Y_+6:C?CY_%]>
M7X.4OTY.3L"_OYBZ0,MC,*2QSZ/6[';`X?+8RVB:KMB*8W*,,/OU\LYL/-.`
M5_CKY;'+;^BZI$=&1H&,CW"5I'F1F;YI/V"?N9"/CVYN;F=F9M[B[GAW=U=6
M5L_/SUE96*:FIFEI:<#`P/O[^_/S\[RVLKUZ-*ZNKKFXN;&QL?S\_*^ZU<"_
MP&%@8+3!U)FE>.ORVW%Q<>OKZ[:VMKK@\)^?GU%04/7V^L*AD/CX^*VYO7!O
M;]_?WX:&AAT='9ZJK3T\/&M_LJFIJ7]^?I:6EIF9F4BMV?___R'Y!```````
M+``````C`:L```?_@'^"?RT#A@-3?U.&4QV#4XF'D@,V@Y:7F)F:FYR=GI^@
MH:*CI*6FIZB@"@RL#"M_*ZT,9H(KK[*R+:F[O+V^O\#!PJ<*KY:V?S:K;[#&
M@L7#T=+3U-76J=#'QC(,NLB#V=?BX^3EYJ/AM:\M.'F.W\_.Y_/T]?;!JZT*
ML+(JZI;I[@D<2+`@P#R0IIR`A7"*&0;[X/T):+"BQ8O5`L+KD:<90'D80XH<
MB4JC,1OM/((#2;*ERY>75ME"%LL6*W\2*<+<R?.BC!Y`@?Y1$52%KJ'^!LE(
MVK.ITZ=0HTJ=2K6JU:M8LVK=RK6KUZ]@PXH=2[:LV8MC@JI=R[:MV[=P_^/*
MG4NWKMV[>//JW<NWKUT9BR8)'DRXL.'#B!,K7LRXL>/'D"-+GBSYZ-G+9FDT
MV,P9C>?/:#"+SD0$B.G31$@V\,.Z]8[7L)%8:K,'P0DW%:#\Z:,!@1L$$`01
MZ"2`2QHK5H:'.I&&SNAZ0'A(GPY$=6O7L%_+'H0`A:`%?SS\H?+=$A8Z=`X,
MLB*@@X`_.@XLT*$#RQ\6ZNF<4//GP$)!7#C7!A^#0(!""70@:,4)7'0`@0C]
M_??<+]%-)UUU?[01!0)TU%;!'VGT=@,".H`"!A56A%$")F$0B`ERG:QVG1_9
M:6<)`A_<4((=;E0Q7GF#+(!`!3X*8D<;"_2!`?^)\^FP@`9I6/```EBX\8<)
M#P@B0!50(,"';KL]\$%O.B"P`!0/4"&F%5A."$R%%F*(P!J"D+?!'^#].$AQ
M_?'WAPC!"4(E#'U84AP*4?C))P1BT/?'@PY":(F,U]6XPW:">H?G'Q000-ZF
M09*(0)";(L`D?4**((()HXX*`Y@8:/!'!8Z"^`4?7XBZ@"-U_($``:^Z2:&%
M%PJZP`T05''%KGE^^B@&X)F@AR!88-#K'UL0`*8@=43@!@%5J)=L'QQ``0)]
M66!101\5<'`)I=AEAZFO%2`@@!T(Y%#"IWE^)RJIX)GJ)*I67"&%`ZW&084)
M@IQPPQQ]U*J'%!8<8,+_!F8*4F\9$"PLK"]P4B<HG3]^$4&S@Y3P0`!_1("!
M("F.*H@#,*1Q[8<:+"E(!Q9<``$%30;P!18'''Q)"S\DK3023#=-PL>B&2#$
MU%0;(*@2-UA1Q0T>"(`RS%3@(0`540B*!0@-1^"IBQ2D4087,@L0!0@7M(%'
M&#I$``(,860!`]2`!R[XX(07;OCAB">N^.*,-^[XXY!'+OGDE%=N.54B6"$I
M'5P(XM_ED6<N*0LL"$*'=P=TOLD:>P2`0AM5X`$!%AXH807HC[/N.IM*K*%!
M%AX8]XG8;L0!@04?Q"$`P[@_+K8)`L2Q``%EE-'&>YU$4,8?2OPAAA+=B]'O
M_R5?T&?^^>BGK_[Z[+?O_OOPQR___/37;__]^+/?QHJ7:(^G&'^8P!].<(!K
M>2(``KC"`#>@P!.,SQ)GRI\$)TC!"EKP@AC,X/D"4"),('`!"V'9'_:``>MQ
MX@M6"(`:-O``$%```>QR$2;FTSPWT=`2*%1A!!#0I3^L@0-9B(,43OBK/Z``
M`UDZ8A\<D8D;UC`5".N@"-S5&P1$X"5.%$2NAM.!/D#!$;(2`(>"D<4GFH(/
M#@A`"3KP@2P1H`USN)-+RF@..IJQ%%00`!80P+\_2,$Y<^P@/>QX1U$X$$0+
MP(.L#E"D0-J#D(4$Q09N)X4XZ$`\5""9(^L!R4AV@O\/=BC#`[!P!1-\`05X
MV$DGK[%*3W[B`.KY0QQ4*<AYM-*56KDE-72)RZOP4AJ_["55@CD,8A92:<A,
MIC)_P`:1&).,M12F)F9$S6KZP0?.C&8=M2G-2UCSFZS!9DB>"0QR/A&<WQ0G
M1LSI"W8V#YW65.=%W,D+>H(.GM64IT7LF0I^6@Z?U-1G1?QY"H)2#J`S$JA!
M#%H*ADH.H==1:$$<.@J*0@ZBK9$H02P:"HXZ#J/AS.8CN=G-08#TFB+E)$E+
M^H>3:G0@'OU$3!GGTI0.<J4EK>DX<<I*GDI3I^OT:35FNCB@SE.HNT0J+HVZ
M3Z4"TZF>9.I`H5I,JA92J@O_M2HT63I-D+Y4($3E1%@3A]6):G43!X!"Z3BE
MG"]H81-C15Q9-QK-M*Y5`V`0!`5NYP`)92(*4'!=':*P``?T00H?^((FXGJX
MN<(TFH!UW1<^T$:3?4`-:>B$(Q9@!0^(@0YIN$('Z-"])I[UG%ZUZ<[P9`4E
MT$$,LGL8%/S$"1'D0`Q6^H,;<OO`()VVAHX%JS9M*SXC"0("$0@4)RS@@/",
M-K2?+>T,?_O.U.X4$\SEWFM9U@$J4*$.+]L$!0(PISHLS`%\2,,-*+!8ZN(N
MN/<HXWCG1($;2*$-&;+"'!P@1TTX@#[OV:L6W]I>KF8"OB.]Q']U\!Z\"B*O
M)^##_RS+Z=Y[6C>H"3:P-R]\U`R/Q$F"F$"2K+"`!4Q`N51!L$H]+!(0_T&$
MGI/N-&[W!RLPN,8ZH/$P5'Q3%H?$Q2;X@'(R:8T\W>`+P3DR@7?,X:;Z&",N
MO@]X4,E*092!QF5HKC1X;,L*]]/+U0"Q`%``!BLAL<I_@-*=-$"%[46#R^=@
M['1;0@?\0@`$4E`/'Y@X5$O881`R#@:<M_EDJ(''"A8H0P5.8($-N)G)&/UJ
M?,%<4$IKY79;<(`#'*%I24$:HI(N-#GD7+A!EX/4$+3TY$P]:E63`M6A\(&L
M9TWK6M.Z`5)A]3A@_1U7`T/7F;"UL&V-:U\`NZ>B)LBQ-_\<Z5\L>ZB^%@6O
M/_%LDS8Y%=6>QK2G[8ELM_3:J/!V-+8=;6.#^Q3>%G=5DSV0=)_;%.H6!KE%
MXNYFF]O>&%YQ2.H-ZE\\(0A!6`(,!DYP)CPAGZJ-,U1UX!P4[*$"WKD`"&(I
M#'XC--2<*$T2A)`"8GF<!TX``!-"D%%I],$$-Q`#!,"GY8J6&Q3!)-$?,("!
M/B!`"R#00@[>_.Y2L-H`!3#"QX=.K)`W(008-X42MD"%%VJ`!6A[]<ME"E69
M@_#%5N<YOGD!9R`$?>@````,E@#PLC/!!0#XN!$DD!IAY.`!)H@`'[)P`?%(
MG=V9L#H`[;"'$O7VWOT&_,4_003_"61`[05(PA&^C<X@N,`)'B^`U8"!@B_@
M@3]:V,,5[Z[O4,C<`P:*.YV85_&>DR*X0#B\QXU0@,5;`J)!@`'D+92!R?M"
M#V7K#Q[6ZG*\8T+F!#!![^B`!Q`X2]"F'\5<)2!T8F4@"6W'Q$GO(`3GVSX5
M:I@#$RN`8FE/W1/D))T@4("]3P]>\``5:.J+8*$49`!#G*@I$0K0\>D(P?6^
MAS:]DR\*H*Z?6&L7?9T`5$20!/7'`T60!).6?_5@<>E7>-5G?<K79`7(?M(A
M!-=':)UW$=\4`D'0!`07@C50`"0H`1EX>A#U!#"0=LXG`?`&;D2@>A<(?Z=F
M:3*G!8G$_P):@`=B4V#[%@(@N((L2'1$5P1"0((%(`$T&'_H%`)+\'AJIX#A
M]FX2<(`\D`$"*`YT)'-TL``!0`!W=@4B,`=;T`DR9P(L``85(`4L0``?X(,%
M47@%D`%62(1V>(?3801'2(*G479^R`0#-X0>5P1)R'6F5X73400NV&J_5R)"
MQ@)5$`9U<`-@("MF6"([)P8>D(E_AR??]PE'X'4<=X=A!P`N0'9^"'!R<!IS
M.#5UB(>P:"&FR`2T@'[X%&I)8($\<'^[IDUZ]P=_!H8?X@F?]P=<P#7&V(D1
M]#XDAU$_`#]=4`,`,`(C0(1A!P,`UXSH](SKPXH%0#54$XNR"/\`9*>-W%A!
M)W6.[O,"$2@=`-`%Z3,$\CB/]%B/]'@&\,-!C8@GG?-G,Q<!%6")F_!Y5A`!
M4!`%!*`'QY=JG_`#/2>*1'B$)LAX@5<*I0$$$H"$(1B"V1A/SL9_@V"`TY$"
M2V@I)FDI3P-^OE@B5!`&#I`%-:8A?Q!UF\!P?T`'45`!(D`'&[!H<,@)#KEU
M@B"*NNA\2;B$%'E^O>"`MS@*1U``M(=_)SF5KY&2G4!'-GD"5)`&_,$'(J`!
M4-!R[21401EX3]F.Q)("28A_7264V`:2H&!J0-!\TE$`@D"54VF58O6)>]F0
M&!4",5``19F(&<!VH<"4\)1TU`:7F"#_F'D(!'AYDGH)5WQ)F7X)3T\`@K,'
M@,_'EH?)F-T&F@,HFI9P!#+(`UX0F2A)=?E7EC/B@6BWF>TG!!,YA6YIFQ5I
MB+<Y"@9`ES.0`*H)&Y/YDPIWF3/R!+(IBW``!%F(;J2Y"8B)3HJY"?.GBZD9
MG,-I6JU934M@(2'G`D%`<M,YFKOY@N7I<\^9"4?@!=/QFZJ9G7.V@9O@FM<Q
M<$<74!]YGBBHGQ/(GZ*P`PDP`Q8"G%0)GY<P;YY`GTUIBXF9G[FY"]X&&^PY
M'5Y`H"9IH`PIGYJ@H`W*H-+IH$JIFP^:"MF1`!,J'19:(QCJ6]OIGY_IHG&9
MG@<FHYA@*28Z_QTI*IRLJ:&9P*$?ZJ'@-)Y,"*.+2:2><)(!>IVKJ9(M.J*X
M&:(02J/,YJ2G$)PJNJ,]EJ!2^GI;:FU&2IY4:@I6FATKVFM-"J5O^:5#&J;H
MJ::;,*8ZRJ0\B@D^&J0@FGYWNJ!+V:5W":<[4*:>>*9X"J3IE*<=NJ=NJ@E^
M^J=8VF7&B:9/.JB(RJ;[2:FCL*B`BJ"=4*>%2J@>Z:D(!ZKXZ0N8VJC%J:6)
M.J.I*GU\FI22R@NE*J=9NJFM&IUV*JH)]0NQ>I6529P;6JO`NJI3"JE5ZJ>9
MVJO:B:J6VG_!NJPOZJR@L*M].:>7P*F?.JG$:I[06J3;>J3&:JH:2/^KPLJE
MX^JEW0JFV5H*TFJ9U&H)UAJJV/JJ45JN@A"AWRJKCJJLZ5JI^]J?Y[JF_?J?
M]\JK@JJG(AJPSXJP,4JO?["NOEJ#CRJO:?JOT-FL"OL)#INLLPJ4%BNQD6JP
M\TJQBCJPT[JQ\]FQ(#NQ%QN:#)NQ\6FRO\JPMMJI\9JRJ."R!SIU!V!\FO*R
M'"NS*'NH!^NQQ0JGQWH)`G`#NO$`>88"%Y`*:4``%_`W&ONS(JNJ5\NJ0-NR
M),NN@P`]%=`W)X``%J`ZIZ!`):",9!FT/UJS0ANR*]L).)NA@\`R.I`%>C`'
M0[,+G*@);C`!@!NX@CNXA%NXAGNXB)NXBKO_N(S;N([[N)`;N9([N8>K8X*0
M2CI@)7$0!5CP6V5P`EJC81,2`%M``;H!`P^``50`2*:@`25FN:)[&6V@!)='
M!Q>0M"!@MJ;P.;'['&-V'YW#N[T[O,1;O,9[O,B;O,H+$VO@`3=0MD!B"2)P
M!1XP''J0`X7B`&X0!2*`)`LP8:'P`,Y;!P"T`3F@6-(K!3G07`2PO2*@!E4`
M`J!;8LH1OLZ[!YU3!VZP+8.0!>>;9KAQDQZ0!1!"OZ/0O&5@`?P3!_Q['U4`
M/3.7`^S5!Q*,2#`9"G1P`PN@!!W4!IO'+0N0!6)P`#E@`@<@!E*@!,VE!@O`
MNCMQ`;GG`$4B0)>`_P)J(!_R$1X'H`1<$`%[A+ZBL$-:A#80$`>I9`DH0`=Q
M\&<YT,-8(`40``91H`.Y)PH7,(Q@T$@P5B!&W`$FT`$5X``Y(``/\#=5'+Y1
M`$`.<,05\$`'4`);X@`@T`$+<`#B4<<+0%N?<"\?P`%U,`%T@@!G?#T30`%S
M8`%4,`=0@`=MP#(?\&@\4<=!XAPTC`D[K`/D@0`7`!YEXAMA,`H!`$""($(=
M8'>7T`$LP\D?\&?2HP,!\,$PQV<M_`=08,J64,IC\P=@<`$^$@<W\&(8`+Z?
MD&>#L`%T``5Z\'<'L`$7D%?>-2I4X"3'$0I48`>B#`+=(\B7L`43(``!H/\!
M&A``.:D#$P`&$]`[3;$`?;0`[U')EP`#6J`#'V)%G#PJ'6`[HN"/HRP(?`#+
M@P`#BL7);O!G(I`GFB=M$/0>*Y,)7V(%.!,!#","=M=#H5`&?90&86`'46`'
M8BD(56`%4"`K%0`"HT(K_;'%G;`!,#8'`7/&?U`'/O+-X9P%?3<!'Q``?.#.
M,*$'(OP'#O#+`90)F7>3#',#=&`"K_,`*Y)EHL`'Y/L'#P"3!+`!?#8(!+`'
M@N`!K],&-R``9+`!*](&!O0)>E`!`/0%OPPA*/T'`D#56^`!'8``VGL`DN@=
M%$"3G_`%6>`=#M`OO44!3^L`:>#%27LE8R8":[WD"58P`7.@`Q@P`;*BS>MA
M!QP@`%)0`7L@!=""!0'0.EJ@TS#Q`+1KT=$["")0!3D"`1C@!N2!!4%6`FF0
M`V7@::```SF`!U0P2PQT`_6++2!P!;S-`:^]<CEP`'W@!DK`>Z``!;0;!2NR
M!SDPUH*P`5M#`'R`<AW@`$I@`B?0!K53?J``=PM0!KR769;``FYP`SJ2!2;P
M,A;@!AA0`LO2P)VP@X`[+1GRP1V0!B6F-@'`T5RP`':`!2P@X/Z\$R(`!3=0
C*.4PMA_`7N60X`MN#B+`!S=`M>.P,G8@D,OK.'Y%$($``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>u50149u5014909.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014909.gif
M1TE&.#EA)`&Q`.8``+JZNF^.L]/3TSDX.,3$Q$Y>(GMZ>J.CHR57;>WM[IR;
MFXV,C/W]_M[>WOGZ^9:HRK2TM')R<O'Q\?;V]H:.<*NKJV1C8U-34R@G)PP+
M"]K:VN'AX<_/STM+2^KIZFMK:UQ;6ZJVTT)!0?3U^>7EY9:5E6=\L)&1D>;I
M\DICH(B8P<K)R;K#VU)JI-;;ZMK>[-WA[<S3Y;*\UT9&15QRJOGZ_8:&AL/+
MX(*"@L#(WG^1O,"_OX&`@-'8YZ2QSZ/6[-'J]77!XN7MS['+;^#D[QT='7]^
M?D-#0SX^/E=65^/CXU-L=Z>FIHB(B$]/3KK@\/O[^_?W^,'`P?#R^+>WMYB8
MF'*+EB(A(?/S\VIV>^3DY)"/D%%04)"0D-SO]\S,RX*!@8*"@7EX>)Z>GD1#
M1-?7UY.3DI24E*"MSF!?7Z"@H$5$1(B(B'1W:%:APH.#@^?GY_S\_*ZNK;&Q
ML*>HIZBGJ*FIJ=#6YS`O+Z*[QG9V=L?'QX^/CIBZ0$BMV?___R'Y!```````
M+``````D`;$```?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4E9:7E3`J+28LB`$H
MF**CI*6FIZBIHB8Z=S(!B"E$JK2UMK>XN:(I/8)3L;.ZPL/$Q<:5+2I1@R,W
M(;V"LH(O(3DC@C`A-]?'W=[?X)@Q+30Q@CHFFS+1LSXM:.@U1"EH*@_A^/GZ
M^W\H`2GK7`AZH()=#1IW_L0Q$:-'"AA_EO&;2+'B+14IEB7PD8[=BQ0@089@
MH"-%"(LH4ZJD]"MB"A<A`A#Q4?"/K"D/#<6@<6^ESY]`!9FX\>)!BX,Y_A",
M8W,6NA=$6+AX$8/!`UA!LVJ=:#0%C:1H6N@(T,*3-!0F0)H@XH)&BQ8W_[;*
MG0MNA`MN#%Z,@/+B$`PB#`35>-&2KN'#B!,K7LRXL>/'D"-+GDRY,BT9/C)K
MWLRYL^?/H$.+'DVZM.G3J%.K7LVZM6O2GF#TF$V[MNW;N'/KWLV[M^_?P(,+
M'TZ\N/'CR'U#M,R\N?/GT*-+GTZ]NO7KV*_O6>2@C!H.:DAX@+0A0H/LZ(D=
M^--`PZ`&";"0D.!@!P_[&LX+P,)^P[(R#@RR00)_&*#&(`(XD,"""7``1Q10
M)/B'>.E5:(D(?UQ@`Q."\'``$@=T\`</]]VW0P0*<-'`!W6\H4`$5`A21Q<?
M4)%&"8*PF,8./.X@0@D0))'B'QW08>&1DF!88O^'?V"H9(D\SO`'`/:-B,4'
M``CBQ!]0D+B#('C(44*//O[QA0$%_G$&&TBVZ8B258[8Y)Q>FE@"'WHDP,.(
M.YQAA"![V"`&!_<)T@4;9V@@!AAE,F!$%T9$40*:;E9JZ:689JKIIIQVZNFG
MH(8JZJBDEFKJJ:BFJNJJK+;JZJNPQBKKK+36:NNMN.:J*S$).(''=CA@H,`?
M5&!`Z:ZA5L'$!`,H80$#9"B!!P,&;(<LJ%(X44<15<0HA@)B$#OL(>==>RD!
M"UB@0(P&@"ON(3O@0>:\]-9K[[WXYJOOOOSVZ^^_``<L\,`$XTL@(Q/,D%\$
M#'30`!(,\$``O!B::^G_`5G^840'5?Q100=Z!&9(F1:C2G+)IIZ,LB,)])B`
M!R5L\$>/95BG\LJ,:$`B!EH@P<<`$NR<,74WX\S(B1L,,$$2YWFP!E/5%6VT
M(A?(S(4(&$#QQPD'VESQU(PT<,$?&@S`@!X<KL&?UV`W8@$'?V`Q@!E("$`%
M']A)W78A*PR20`DUPS'>=7KOC6GAAEN*>.)N+F[Q$T%$+OGDE%<NN1?1.6[N
M#WYT[OGGH(?N.1"9?]TVYZ*GGCKIT&E^+>JJQSYZZ8G#+GOLK#_G.K*VW[XZ
M[8;W[GOHN3NW^Z["#_]Y\<T=KVORRG?./'/.YPI]]--;5CVNURN??67;W]K]
M__#?4Q:^K>/[7OYDY]>:_NWK2]8^K>_+'G]D\\]:/^[`[[V_ZO>#3/YD];_?
MM<YT8"N@Z`+XF`'&2H'$4XP2!.&!'4C@#_61&<5J%ST#'H8`1X@#`Y"P@!DP
M8`T+X`(<-AB\#BX0,1.`V+O20`40_&$,$&"A_UP8P<,`X`IX```;OL0#-NQI
M!VP:F;P*QL0F.O&)4-S7`W@(NCQ$\8KS.I@B#@"!"12!"@>R@(W^<``YZ/!T
M5%P>8KZ0!#HXP0$B@,`,X`B!#JQP9`B\5`-X)`@.$,@#51A:*B`(.@:N9`]5
M&`\'2C!!$I0`;F?$%`]P8,8F?2D)=4A##E5!2#4>D/]3/%A`@"S9)"Q`8$^<
M3./L4L&`+Q&`!^Z9D+7PX<#G<*`*`]":"+X$`#Q@8`&TZ.0J46$$'DA@``1`
M@@.."4E:YA%3!O@"*?_``*`%4Y722X4=G,"#,MA0!'OXP)?T44MC1`%O?UA!
MQG90KEOPP0QX"-`N!<&%.=1"F-D\Q0I$@(,D8$$,,[@"%I`P@R,,+ASE+,8'
M,+0!)`RN4+@HPPX.YD=!:/":V#0D)#2P@RZD80)_F$,$_I"&$9T@'PD=1A<@
M@"$+=*%<$'4,/OV@T4A4J0P=()`%WC"`=H(CI;H0P!4^4`0-("$"`W!/3!LS
MTYI"(@'GB<+!ZN/3GS[S)QC_`D'$S,`G50`!FW[XP2B:VK](Z&$'1L7#&/YP
MA2MD`)C"P%`)D#``_BS5%%_%IEA%0=9/2F(.&+`@`Q+PM1D<E#%Y5>5>,=%7
MW5U5$0(HYC@%8,-TZ@$RB4WC8B_16$L(H0^@#:UH1TO:T`[A&-6+P`<&8`&%
M)"&6(*CJ8C)+Q<U:HK.5^&QI=[O;TQHC?(5:@`T:``422`FS8+5M)7!+"=WR
M]KFF1>UC%\'.!!B1!Q,@P,20J]>Q@M6IAW`N=)_KVV(`515!`.LH:,M#Y5*"
MN9,0[WA[*]V5I!>;ZTVN=S,J"OG.E[3E)<9Y4W%?5>:WNWS];G__2][ZJJ3`
M:3RP_V+WJTKP&L*_#([N;Z<K",A9[L,??L(H($Q%"6N6PFFT<"$PG.$^!'@8
MCINI>R=!8AZ:N+8HIJ**"<'B#+]8&#'6KRAJ[,(;MS?'/-SQ('K,X!_K(L@(
MQ@21.VAD%\Y8$O"5!)/_Z^1<0'G"0U:O*-AK922[4,F"V/)\NXR++Y\XS/@=
MLY`9JV!,J'F\;+Z%FW$,9P/+.<J<K?,E[@S=/-MBST?N<X3_#&8Z\]?.+2ZM
MH6N!Z#(KNL2,?K.C*[S@2(]VTK2H=`>O'(DI1Z_*HS9S!]'\!T(W>,.,D/&(
MQ8P),J<ZP8\>M*<_[6!%R/K2-LXTGS>=XD[O&K2@5H6HH_]':DB86GFH9K:J
ML6?L8R<[9R"8`=P^T`%@EJ`#'Q!9(9:MO&8_XMG#BW:YI^V]:N_ZVHVH``\:
MP#"'F4UBD3S$KZ5,ZTO86MJXYC2DCXUL4CR,`UW(D@&Z@"8`G!2/L9[S)=#M
M.W4/S]R.R'(D7,U;>'-'#WQ8UQ^^%2XJC&O<5R"1RE>N\@"`-0!A8+G,9SYS
M-X"5YCC'N15>'O.<^[SE8+7"SX=.`8*'MI@^EZTA`F0''C@+6M*BUBP)0>Z+
MSSK.M9;X;07M6:.[>!0X30*!%N`$.TS)"39`1-5]A_%&4/QV%F<[N\GG;D][
MW!1KOUW;&?%VV<5=[W-77]TC???_4N1==GM?1-]C]W?$!QY^@V]QX4EQ^-@E
M7A&+5UWC+?]X^T7>Q[U.Q+XGWF]+_'O=`2_VP`D^^5%47G673T3F4[=YV'>>
M?ZNW=N@1,7I+S%YTM4]=['G/]=QZO?6B>+WPK^[GK`-ZZ[GNNM&1CPGEBV[X
MA_A]Z()__=L#\/--WKV^M5X)[8..^Z'#OB$T#@F.TQ?6B^A]^4M?B=-;/?4Z
M!C^7Q;]^\E/"_)^#?J"C?H7`?H_@?I+&?P7H?S1&?Y1@?W*'?TFF?VNF@(0@
M?__G@),`@8`G@6=&@7AF@8.`@0V(=?[&@%A6?,UU?"(H""0H"0#H.0+X.01X
M@2H87RP(_W^^AH*EIH&2P(&.YX&K!H*%UH)_\((]:(*FQX.08(".@(``9H1(
MZ&P^&`E`R'E"2&VY]VY2R(3G5H60<(6VEX7MMH5VUX7/-W]*6']>F'$WJ&4Y
M:%X<=H1MZ'9@^`ABN'QD2'=F2'AHV&BDMX8/6(<1%WW&-WU_J&F!V'PGF(;O
M]88;%X<"-H=3^(6"N(&$&'^0V'Z2"&.4F(F8=X>.D(?=MX>"UX>2EXC#MHB+
MYGR`"'T"IVN(J(.B!XJR)XJ-0(KIYWT>)'VLIXJ)QF^7^(.V2'R&N(*S*(>%
M^(IJR(A+Z(B3X(2-`(6\1HO&R(P9.(Q66(SC=XPXF(R3N(R*Z/][N,@(NCB`
MO/A"J`AZM-`R6C1NGPB-,%B.BW".-)B./22+OZ@*U<0&3B!N5!>/V%B"SLB&
M\A@)TL@(U"A:U$==:&(`?0-QFGB05*B-8<B-_>>-<`B.IV!$734R*>=S2X``
M)%F2)GF2*%F22S!T/_<&*?F2,(D`+/ES61"3-JF2,RF2-WF369"3.-<&!1"4
M0CF41%F40SETS10)\O:1A:`G/OF44)ES8``&45F55GF56)F56IF34_ES20D)
M#C``>S!'C+,I7\`#TE26:KF6;-F6;OF6<!F7<FD+&A`!%V`$:Z,&LE4"%Y`E
M99`&>#,!'Q`!$]``)!)+DL``"@`"8D3_-A9@`7<T"`20!*BT`&E0,U60!-NA
M!CQP<I+@`3S0`1$@,V*C!Q=$")-9F9?Y!YE9,YSIF9$P!Q:0!!TC"`S0-8/@
M`1]@`1,4)%^R![0Y,R0B"G$@!WQ0,WWD4P1@!A<4!P>P70*@!J-D!N,$#AJ@
M,%.R!O)4G8.P`UAP!7\P`TI@!!4@3G;P!CM@`0DP2I(0`7P`!5@``A4@`!XP
M!A]0"``P`6E@!Q5@!$HP`U)@`5C0`0P@`AIPFI+@`$BP'1R`!"00!0S`!FM%
M"/FYG_WYGP$J`29DH`BJE!\`(7P0+G^P``C4`&7``1;@`2(@`6O@`4!C`0+`
M`W/PCI10!AB`_P='D`%B$!@B@$HS<P%(@`%_8`%(4`1[L`<9(`*M!0`90`+X
M@"6#8`!U,$V&@`=S8A]%$#>[A`=F1PE?XP!".C/W:0@\T'1?(@*:]`=ZT``B
M8`!*UPAR@)M,D'9:8`%3-PAE6B@]FD,BP*9N2@GQ-`A6"@!C\$P>8`%CL"=Z
M,`:7!0&)"@("@`DSD`2!P:03TZ.#$"!4D`%1D`$G(@9B$`$[D`''%%OX``+5
MR0,=,T^&(`4CA2$[``89H!`B@`4;\`$3FB2$D*5#&JF%,`%DT"5GR@5?8@0.
M\@56.@D*L$E_<$KLT0%W^@<3<`3"VB1Z>JS)*@F\*@@#0`)%0%3;1?\(84``
M7;`GC_(G.W`""5`&:]"ADX`!J-2IZX&IA#"82N"I//"8]Y$!!Y`!1<J>W@``
M%J`U"8`$!,*JA)``';`,:\``%5`"7.`!'$"I'N.CD=`!D#0&X7(`77`(>M`W
M)5`!)\0'>',!$I&MD:"P%^0`3D``@4$%6V`('_L'(7M"=_(':P!2?X"RD&``
M]O0''&!8/(('D2D()P*T]^D$#?H'?```@?$!OEH),\`%3+&IVT&O@'(%$M"I
MGQJJHZH&`_`'&9"6X,`$`S``9)"6"&N;3E`$5[`%<^50*S``2-``-L`%>'!1
MD>`!(#``>(`F2-I6A5`"&7`%AH4$2%`"!7JL!`MP3$CP!I603'25)6;@!#TU
MN(7;HHBKN")`!B5P3`,`N900`7@P`"`@$7-""`U0!&Z;`"!P!.&R`$<@`@QP
M`4[`!9BP`1B0`460`>B$M0G@5AD@!Q8P`$:Z`AG`6@V0`1=P!0#Y#0PP!@.@
MN-VP`4GP6MX``60@!EIS#`D0`4<@!>#``/TZ`#P0J1S03BW#(QX`!0<@OG\@
5`&,0(`)@!C0ZEXP!!0J`F\,0"``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>u50149u5014910.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014910.gif
M1TE&.#EA(P&N`.8``%A75^W*N?3S]*2QS\S,RT%!03(R,N/CX]R8=M'8YTQE
MH=75U:.CH[R[N\3$Q)R;F[2SL^[N[JRLK*/6[)24E-W=W='J]71S<W6)MX^O
MR_KZ^GQ[>VMK:X&`@/[^_F)B8J5X88R+C-K9VDM*2NGIZ0T,#+:BF(6%A5:E
MQK-9+L;.X>GL\XZ=Q;.]V-S@[8F(A+S%W%Y>7IBZ0,MC,!0L-_OU\LYL/.6Q
ME_+8R_7AV/CKY=2`5LO<G]B*8]%V2>&GBG7!XB8J&K'*<.BZI,#(WX2V9I"/
MD$=&1N7MSY>7EX2#A/O[^T].3GY^?NSK[/S\_(B'B.OLZ\#`P.?GYU)24O?W
M][QI0<S%PG!P<&YN;H!_@,?'Q[>WMZB-?K&PL7AX>//U^7=V=N#@X/?X^]7"
MN&9E96EI:-'1T8*"@N_O[^CT^GIZ>>#LV-'0T>SL[-CEMZ"@H*ZNKL;'QL_/
MS\G)R:BGIYZ>GH&,C]#6YX>&AXF)B:^ZUL'!P<"_OTBMV?___R'Y!```````
M+``````C`:X```?_@'^"?P,*AH9_1(<8*H**?QF'D@.#E9:7F)F:FYR=GI^@
MH:*CI*6FIY\#&'LMK8D*+7LL"@FO?PFMD1FM+JB^O\#!PL/$Q::JEH^""I3*
M@@FTQM+3U-76UZ?(E<HK"C"V@]"UV.3EYN?HHH48["RO[`KNX,_1Z?;W^/G%
MA7L#`RVO_!5RY^Q6/7T($RI<:$G;(&<N%+@H*(ZAQ8L8RSETI&!0MP04#V8<
M2;)D-@RM7"G*A4'!F)#C3,J<21,3#'8X_^#!B8'%"IT8*KG`T*NFT:-(DRI=
MRK2ITZ=0HTJ=2K6JU:M8LVK=RK6KUZ]@TX%)0+:LV;-HTZI=R[:MV[=P_^/*
MG4NWKMV[>//"52&PK]^_@`,+'DRXL.'#B!,K7LRXL>/'D!6'G4RYLN7+%C)K
M9H.DL^?+H"_EP$&ZM$P_J%,7D<&Z]:`Y3&+$@1-#2Q4X6V)0`;!&4(5.).#,
M@9.&1*@J',Z$QM=CAO/G@\+$P`('P(4(<W(#`!!#P*<D2?XPP!1"`B8LG5*K
M;NU:4)\P@CH(2-*G0Y\_';@,DM.IC?T.)"P0BAWF+7=/<\\Y%UU\$'CQ0!_Z
M]0%!*&&LX0!_EE20128%I*>>'ZNQ)\,@?8Q@QQP=;#`""?;AIU]\?P2!!ASQ
MA0&`$0`(T,%_]4F`10P1%)`$%E-0$8(@!)01P_\"1\`GW@9-]"%E'P4TX84>
M'(11Y)$&"H-@@H-\0&`',3#1!H1_2#A('!_4P85L@G!`A1."2,``%(-XL,8%
M2N1A@'<,8-&`'@`L4(`'6%S0P`875&')AR"*.*)[3LHG0ADMYC=(!W]TV"%^
M]86ZHZ@;_-%`")Y6448#@HR@@0:C"F*&!&%,2:4@I6[@P*I=>IF@@H)4"H$;
M9J"IIB!B0-#!I;_]P449]PD2`AQKB/$''9QN4)\@NQ[0!P54T@&`!"<D@<8E
MD(;('HDF8IO$%QMD^B)^G=8+*H^C_J?$`U14X.D"27Q:1QB*MOC'!D9T,,4%
M%]SZ1QEV4`'PI[W^\B7_=(*(:4<'6(3`@;$3"@)M&1!0\($@`)0QWA\$<`&E
M`W]H$`-MVSJ;A!(`A,!``1K<.!L5(CSZH;KM_9&&E!6(T8>U8J3QAQAN#&+M
M'']0_70:36>=-=9_+.`=U51[/<@!4UP]R!G>'4!"&E9KT,8277M7L<6_SO":
ME$HOX$$:4?,]2!I35+#$&1H((@()43_]AP?6"J+!&7LW/OC3$1Q`M09Z"]#X
MW)QW[OGGH(<N^NBDEV[ZZ:BGKOKJK+?N^NNPQR[[[+37;OOMN.>N^^Z\[RX"
M!0)Z``$#CLZ11`2]ARZ"$0(>W8<;)%!0=K29Z-'`GW%D$<(7!QP!00S)@ZY%
M_P,%"%"B!%-D,<<%6Q2XR09G<&`<`!W4T6D4X8,.?Q],E-T``'!`#R<TT*$1
MM*I%!=@")OKP`5LY\($0C*`$)TC!"EKP@AC,H`8WR,$.>O""5+!:)31`A3\<
M8&?18MX!.,$!!5Z@`AZ@0A[L\(<CR,T2-<N?5PI`O3`I4!`-X)0(]$"%,OP0
M$PP(PLSZ0(48&,$-!4"#&3*10QURA8>6,((2X9`$(QA`"G\(0QIB@(9Y76(.
M4@K:&0@@"&\5;H&<LF)7L%@)!Z31"7T(F@>,(P(Z$*.*<LP*'>T!R$!N@D:&
M"]H#=A2RD@PR'84T)(<$D88C_`8"=AB!^TCR2'1$4O^2E_C4QP;Q!`/,I)/G
M^"0H*_&I$ASA"%&CP`-.V4-/QG&5FOA4AVKE`0.\T22H-(<J<6DO*FR@``=P
MP+EHB8]AXK)M?5AA%)#'S'LXDYA+"68YKHG-I&B3'-SLYE&^B8UP[DX'.`C`
M#=;)SG4&``<U\&8M4WE+*]8@``C80=WV.8,>W"`'1B'G-<PY.QT$H`<VX*="
MGX.``-!$H-8@Z.MJ<(.+/6<'[BR-1H?P`Q_\R@<_B*<CYXF*I@U"0'^H0!)^
MB<-ZYJX&/ZB;#7[@T$I`2CTHN(,5$F2%%TR`D[4\@!$:QP?]:(`"R&MD)@R6
MA!@\80H%",')X+@[F'[TGYG_N"FD,`""!-D`!R/I9!:,4+XXQ&!F6'!`%D2P
M,DVTR%]/^,,,:WC#2D@4=59-$`(`N@FMWA0%77U.32_220_\H0D$L.03"L``
M[7$`;IMH$:JHX`4$BM"N+I6=#GZ04.?8X`8BY81?M0K8Y_1`!X2=)PD]T$I!
M4&`+*XSL?>SCA`+D83Q'H&9+:T?1SLY@IJ'UT&@AA8(N/,<'8&4(*A550S'T
M\FF$*@,;W7J?["6A#&+P'OBH*KL:#,&CGOT!:D,Q7*U.(`"^#>E".@D!`]A!
M#G7(0A,H<%@Q?.`!F[R$23W`!>)4[7A4S.SJ*`I>Y]Q@O*(H[TU_JH,OG58A
MG21`_QJ%5P</5(&-#F"`885Q5\^A5Z\('H6"(?5300SA.3;@JSX@6HT.SRT'
M"-"KBDLQX@^56!`?=DYR\\%B:KBX2SJ(L6EG;(H:J^?&@FBP8%=,TFT*>'3>
M]2UR@V'DU"!9$#40\@Q^P.,F@_/)H<-!@8$KC"JCYLJ#B*ES$!#<<_1X&C^V
M3)!!3`PS^P'-@[@!0^_Q9FG$>3)93M`.B$QE,^-Y$`&X:)O)T6=C_!DL.?[M
M8(MAYT,CNK.#1D>CB_'HKN3@8FRF1J4[D8/.IMC-7BXGF+ND9X:&6!JC[D0-
MP/M5<VSZCZL.C0X*[(-)B]K0G]"!/G]+:&K<>AB=QDJDU?^+C5A[H@;#]L&B
MIW%L#N?:,JV>0:_-X6Q/"-LY.YBV,:H=C&17Q<'B_G65+9T)'6`ZW<,@-S#,
M+94<#'O+Z>CV)TH-;G@'0][Z=5H5^H!2-P:X5SFV@:_+H>]]O[L:J#2I\]R@
M@3XX+6BR_8,=H%``.M06#1PXN($2#>YBDZ/A#N^WL>?9HCX8(`L+V``$PE"!
M668\K@TP0@AF:4/NAB;;/?"W-5">\AF$F]HLOT\?IOB')&3A!&&H*R8,]@?V
M=8!5"5Q@`S_(]:Y['8)7T+(5OMYU.V?@@R9(`;BO0/8'&B#I72N#)?]``B^P
MBA,&DP-\.F">`M#I$@QLN^`'CT'_M3MG"(3OH-FY3H;.IL`$B7_[):@>!TX=
M0`E8@'G&#V"`),1!!$?@`Q-$7AEH+QD3)!B!`8(VG*$#&Q7\)G8Q4-FB!LR!
M"C1:%@<:$!Y-+"U-.PH/%P!$>D`/6^%NK8,8#$AO31!=%+M^SH[_/<_?RZ$#
M-/*``B40@@V7^]I8L;=G32X(!I2A#AUJ?E9?[XMO2SK>J1XH^*T2>Q^\&A,0
M:,(%@._Z=0>C!E\R!,(`<+Z@?C11?_>'"1%P!-,S?ZCP?*6@90A`?<WD@/76
M6?;W"5!P=ZU7#1!8"FHV`S<`#`2("G%V`P@P!$)G$3B@:!CQ@:60;1/H"R5X
M"C^F`PFR_VTR07)&MX+V`(,QN&>H4(.F$&?WYEDJ2!(\>'09`81!"&X)"`I$
M6`I_E@,W<(0S%87Z(($EX82ED'`^B`E32`K)A@-:]EM[M1"!YAQ<UH7L9PS1
M-P/DUPEC.`KT-F>"-GWWL(8B>!IO:`P4M7"A4(>BH'XYP%D)T@."6`[BYQR+
M>!%>:`^$&`H&:&(%UD]S2`T)]XB0^(<6,8F@4(F7)F/F<&+.X0.9:!&1F`Z@
M^`FB6`E#<(0(H(?2P(=!1PH68&?#L(J:%G\198&GX%V7^&#3(&;/,8*ED(MF
MMHN>J%R^V&+`B`K"B&+B90Q#8&J<V`G*6&7,Z']A]8RDD`8?P/\$<?`':\`$
M,.-SV-!;>I6-T/<E4W8*VVADW6AD[(80J"0<?Q`!'P``),`'82`!2]!6G)`$
M=;!8<;`&'G`$WH=9Z$!1OY*%TAB"6Q:&FC"/-5:/-7:/3#9Y]Y$%7'`&9<`!
M;L`!%(!QG4`'1Z`'3*`I!8"2#ID.F^5;SM$#22@*!^55M)B,NEAFS;A><%<`
MCA($+"(%1@`*<W`$6G`$5]<I;:".Z3`$%M5/-[D)!/8KH08,&#EB&CEB'-EE
M'MDIA5,"@G`!#*`'#:D)%&`_C'4""\E2)!*-T@!CE^A9"-!.>'F$VE:-PK"5
M"M:5"O:5IB`W`H!2I4![]U$&#B`&`/#_!W4``6;@!334"4Y`!4QP`1X0`R-@
M/U"9#V:HEPO%4.[(D\OHD]Y8#`=0`'#S2AMRF/.DCP<P`D>P`%4`!4]@!@`0
M6]]W$5;8`W59-SO`E\;@E^4%F.4EF*/P!"/0.`*PD*;0BI[PBL$P&AJE419I
M"L0Y7,8Y7,@I"EM@`!S0+!%00JY9@:0`!QU@<WP`1E21G:.UG:/5G:'``$D@
M!D$@".KSG.`(9W)9`&[@-(;B-.W9DX5VFL/@,E-@2@%4`5(GA?OI9_VI!TXS
M`@0`EU#AGGX%GWXEGZ#@`3C"1B&P(X8I"M#9"1U&`G1@`!%0`FM@`(XR%1BJ
M51IJ7D!EGJ*P_V$&0`*[])0P2J#`P(NH9J.AD`8C,`+[QP&RF99/$:,W-:,+
M)@Q"$*52.J54.J5OX`DER@D=E@8HY0&T615,"BE.2F+"("EF*BD\@*4/ZFAR
MF0_7YSBF-`UA^B%C:F-E>J9X*@-I2H=KRFG@IP::$:B".J@6,`T)&D=F0)9R
MZJ._`*2:D*=XNJ><D*6;P$T3P*C"(``?H"Q-!P&**@USJAYU>F1W"JEHJJ9"
MN@F76IK%4!U48`!T0`6):D;$$*JI,:I65JJFRAZ2N@F4ZGO@MZK<R)^#\*G#
MB:D/^).EL*NGRJ>IJ@G"2H_3T('V`JK(>@J.F@G,*B*]FDM]BFN>$/^M&=D4
MMHH:N'IFNKJMW<HAWPH*1^,LQ->9F""N7$FNUUIDRDH*V\JKJ(I9':`!+,)&
M7D`*'D`_H"=ZQ0>M]XJ+0-"P#ONP$/NP?;FPI)"MF+"OK;&N8EA+'1"02Y`%
M!P``9]![HA`"6K`C?9<XN]4)]/J7P5"N?C"QK/JC^3H*&,L:&AM*'+L!OT$`
M6,``^S<*7@``:$`_6'=$=K5U%)0!=M9V`]"T9/>T9B9XBT=V-RL#0F!!DE<)
M8D`^C6,$#=`'2LH)(M`'1O`!.T=7\GH)+5N<+TNQH@"SYWIGZ<JL.6L)P=0B
M)!`",5`'Y6B''0!%()>PF="VVOFV,^L+<FO_FO98M[MZMZQ42V%`5L;1`4O0
MMW];"I@#K.$*MZ&PN%KIN>15LZ)PM9`[")VD`17Z!U6P0E4PHN#*LJ+[":#[
M"[7;J*0;"J;;KX04K+/K";>+"L&;K`;J"[OKK-;DNXDKO+^KC<TK7(T;#,<[
MJ>UJ;9V[O/+XO)LPO-B:NZ`PO;Y:O;LIN]B+G=I[D>?K?-[[">#KK<]:N.F+
M"=Q+FL-:H-$+#.W+KN\[K_%["?.+B_V++NOK"?F[L?O+M@%<"?\["@LL8@/<
M"06LLP=L"8;[GHA;O[:;P#;UP)P0P7@KOO.FO!BLN!HL"`V<8!R\"1X<N1-<
M"16<H1<LK:%;OOA:_[RHL,*H"\*_8*DE_`<G#`H_#`H6>PDX+`B_2KC\2\,`
MK,0,W,-_,,264,2=HL,%*,(RG,%,'+=.#,65(,5'O+84W,-!#+Q;G,*/>K.G
M:\14W`G&HULKRPDO+*,Q/*XS/,*^P,6#X,6U)`!VP`=&\P"_P05C^PG=\SU(
MC,!9_+EB7,8V?`IZ;`D<\`#2M08,5`%<4@JW54-N')?7:\?9F\A`S,CW^PN/
M7`GW^1Y<\`%&@`5Q90J6M4!!4`"R/,NT/,L&0`.XG,NZO,NZ7,N^_,O`/,N\
M/,R\',S&;,S$G,RX?,S,[,O*G,P&T,S27`!!4,W6?,W8?,W1S,PE4$OI1_^>
M#$!PIS!7/;=`B7?.Z)S.ZKS.YWP)]]D`O4$"&P``>D"KH0!54B5.E9$%2C`"
M0:,'/<,%!#D**F6A^NP5<,!&`L`J(I`$@WS0$!W1$CW1%%W1%GW1H+`Q(2`W
M2J-?'3"9#!`"CA)$*X2>-A<*E74"R",&'^W1]N,!#R#2XJ$$CH*>=Q<*(K`C
MTX6>,!DS4'`"CL('';!"!+`L?V#2HQ!$)Z";3U!+4]#21TW3?R#408.>B"0*
M2[`Q>4!-8D"RCMD!$U(%)W"4&B?5&G`"/5T2,40!)"`!3.`=A<0`6_`!#2`!
M]Q6>5,`'IE0`</"@'E`&32`&7O"2$##7G#D(<GW_!`U@!QN0!!Q@UQ`0<C$@
M`<H1"G7`!&=P!@!@/W/07I;@`!"0!#Q;`%SP)P;@`.53`!)PTY_`*!70!T?`
MHS'@4E[`!VTB!9L*`/["!YXB`7XL"AI@``9P`4=0`FSD<I40`UE0`F<0`T?@
M7@\0!",`/A3P)S71`$'[!S'-?YC`!0_``<@S+N68!3HJ`7_W">+R&@+DW5/W
MW5$#`.#]!XU)UY`%"N7L`0;T!U*0WY8@`),]WA3`*5E`)0T@H)^0!HUI.`:D
M!TT@8-Y-DG]@`!(PWCK:``W:"0]0`HES!*.'W)7@!L9=`L/W2E_`!260!B4`
M`#PZ$TEP2T'$W9;P!&\]_P)Q=00;>%A;,`<2()2A6"J.,WHROCEY8D,T7D-%
M?@15(\FB0)ZMDC%:@`E-X``WW@0M>5A],`?H%PHQ-P@$A-I%*W4>P`3+%U<%
M,.4Y7@?;%0H=0#%K<,IQ.@A&@.3=O.8%8!\E$`(E4`8E\*(R$9L;=@$3$DE)
M,$L70)M4``&SE"-&?%F<`%5R8P1'.>B8D`?E&`8B4`544.A_P.3&Z@D`8#6,
M6:QG=#(E(]\0T!LQX$<1'@K**3<#4[9GR^>"``>SU`$"$@2EWAV"@.2BT``E
M4(XB$`3PX>&^$0364@(,T`144$0,4`)H4``D4`*P6Q)<4``;<`1<4D@-H$1K
M8/,H5&`'55``%Q`#41`#',"0H2`%!G".(=<'W&X)VQX#:Y!8WVXH,6`'6\`!
M`)`'HI!Z68`%T+[I9I#=;50"'Q`#.OHCG3+N;O`!9<#DZ&T`7P``'_"B@$0'
MW"X&!1`#%!#N#&\&92!`HF`$)5#R3I4F;]Y+)<\!=E#R<[``)9\$%5#R$#\3
M3X`J6G#AF"``L;6Y1@,YI+`S6I#6F>`&L24`S7(`S3(*6W`$S)4&2Y\)&H!Q
M7FI8$3#MGP`!1[`!6(\)4.\X>F,T7>\)`K#<`*!4F2`&QF$TS?*Z2O$$:Y\.
60GX.::#SUW``#WT-:<``]8T0@0``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>u50149u5014911.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014911.gif
M1TE&.#EA(P&Q`.8``-'J];R\O**BHI.3DWM[>\O<GSDX.*RLJTYGHOW]_G1S
M<X2VS(R+C,W-S>?J\E-34YN;FVMK:_7V];2TM'>*N*BST>[N[OKZ^M[>WF-C
M8X&`@(F9PMG8V4M*2@D("-76U>'AX2(B(O'Q\9FO6UQ;6\'!P4)!0>GIZ<K*
MRO3U^F1YKL;&QM'1T>;FY;.ZGH6$A+K"V^SP][&[UD5%1?GZ_-WA[=K>[("1
MO<')W_#R]];;ZEE863X]/:2QS]'8YZ/6['7!XC:"H['+;^7MSW*,,$A'1V:Q
MTJ*[QN'E\%%04(B(B+K@\%=65E]?7G=W=V=G9WNAL9>7ETY.3OS[_&]N;H^.
MCO/S\]S<W)VPN%F1JK>XMX."@G!O<,_/S_?W^$-#0]33U$E(2./DXYZ>GMO;
MV^/CXTE'2,/#P]#/T/+VY]#0T$`_/V%@8(>'AY"0D*:FIL_0SZ^NKL#`P&!?
M8)JGRK>WM[BXN'Y^?G%P<)B8EZ"@H#`O+\"_OYBZ0$BMV?___R'Y!```````
M+``````C`;$```?_@'^"?PDR%!05-(.+,#V+CY"1DI.4E9:7F)F:FYR=GI^@
MH9`R"!45*C&1/1NBK:ZOL+&RL[2B-W2""5ZJK+6^O\#!PL.A="HYBPXR,(I_
MJX)3,#(I@S@RJ<39VMO<W9(.*@@R"7\."!0J*N3/X(<J2'\W*C<(N][W^/GZ
MH3D;"!L):L"+@0#>LPV]$/[Y]R<'N7T0(TJ<B`,!#$(ZZ!1TQ@J=.PI_*MY`
M-K&DR9/!J`E2T8,&!3I(-CZCT".%37L.T)%$R;.GSTX;8$RI(0X&R`0R6<%`
MH.,/$AE_QB'U\;.JU:N/EB)`<".!.0KTCCU+0&]KA3_A$*A0B;6MVY-#_QT,
MR@'/P<Y!,6PT*V?CX=N_@`,+'DRXL.'#B!,K7LRXL>/'D"-+GDRY,KX4/C)K
MWLRYL^?/H$.+'DVZM.G3J%.K7LVZM>O2-7K(GDV[MNW;N'/KWLV[M^_?P(,+
M'TZ\N/'COBTK7\Z\N?/GT*-+GTZ]NO62"2Y4DO!'#Q\,W#4%"'"]/#`P*"J]
M^6-"`Y_UF4!D.&&^/JTN>O14>3'("9X!7("A!WONZ7&!!DZLT,4+$1SHA'9_
M**%!'E68P)T7!#AQPH!X=!&!$V4XP<4)43C!@7TH4L*'!AJP-XA[,+;8WHH#
M3/"'`GRLR$<&-O[!0HLXMOC'`#NPH8>,*_[Q@/\55FC`P!@I1AG)BC*^J".+
M!*Z(A@)@.)&C>P=$0,8?5C"!P0Y)_M'`$PV0\009)B3IQ@%Z"%#'"WQ(J:<@
M&.38W2#?!9JG=WW^T<4`%V#0)P9RQ#$(!@-84*@@#4`@01D3Z#%I'.2QH(=?
M>X8JZJBDEFKJJ:BFJNJJK+;JZJNPQBKKK+36:NNMN.:JZZ[!T"?(!1_\^@$Y
M"0S+ZZHES""(!09L\4`"S3(QA0%*2`'JL:2"\(0)@DP0Q1],>/L'"0P0\`<!
MZ6%;JA<D8,`#=VV0=T<2\H;1HGN16.!=COSVZ^^_``<L\,`$%VSPP0@GK/#"
M##?L<,,65,(!BR%T\<?_`0?\$4$>&4<0P;UY0L('M^I*:8(7>;A;@@$7\%`"
M#U88L((9$#XR<LE2?IK$'R5H``+/&IS8@`8-2'(SSE)&W,G12,?*=-.O/@UU
MJU)/O6K55B^BQP-[M##(!08(@@(3/NYA@!S489WU(EX.HD0(9!H0\0-\6)!!
MVB2O'4D`<@MRP!C<OM%!&R<(P(039$^GMMX6=)">%QU0$8(`&=0AP!-JWC$`
MWGI'4D8"&:QPA0B"</L""A_<S0$/2DNW>-:".S%%%!`(@L<?%CR0!`9_M'%%
M=:]W#L*U]@7?^9[&XQS##\PW[_SST#._!'3)EPR`']AGK_WVW&,/!/5Y=WY]
M__?D=__]<]6K.W[Y['L/_O&"K-]^^><[ESYT3(0`I2!ZF'`R_WG"CRSD-S_S
MO2]*8/`"#ZPTB!5X($]I@@4!"[B]^C7G?M#QP@,&P8`P".`/&/@8!(4D00K2
M[X!14L('!P&Y!H3!`"%@PQ\B^(H)FM!]Z`N??5`0`7+\C'1L.(,@\$5#5]CP
MAA8$C`58L`A@"8M8QIJ2#LV3@`@P80YC*\,6.O`@_EE,@+$XH@F3^)<\/&$'
M@I``#Q30A#^LD01N)$#B1#;%%-E!&V*D(!D!`[<_V($!?Y!""0#)!`@XX0].
M8"(=X?>'/!9PCV^AEB#<(*\FR"L)()O2'A[&R4YZ\O^3H$S8$6[8/2.$\I3_
M:ATE3M#'`SB*"E%XY<?^@*]%PL^1\X,D5A(P`12P+`X<Z$`#]F`%8?+@!&MH
M0`>L($5&XK)]NL3*'9J`@0MLL`Y,&!,VTW,&)JS`:'6TVC/9%\VW_&QIX9S:
M.$^80V>2DGOEE`P&>;5.\L4S,O/<53T-V,Y;OK."*!3?/[5WSTZ<(`,OJ-D?
M%'2"""@@8AE@PSGSD<]N1($-22#='RZ:4251H0YE(@%_$+-/>-("/02HPB!:
M$`(^=&$%5<!#`KH0!SCJHZ+<8"8>0J;3/%%!$'PX9#H!4U*`UF("0KK`#@@0
M,CZT40+[V0=.NT$"10JBJG__,``)0(`!`VB@CX<I*D%](85SXF$')KC='Y[`
M1`M(84`W'>I$4/#307R@KFJZ&PCT$(;$B#5[!>U$'N#S!Q3P@0W?$H`2"/$'
M">PLKE5Q;`-:8($RJ'&R)_!"`#`G`1+<419+`()H1TO:TII6M-,3Q5]Q*(L&
M>,!_9S@D+;_S6A.4H`,\R!AD+:%4*:3+=K8S0000V8$5SB(*_L/#CY";U@8D
M(0EE6"AA8_&#@6;O!ZU8K1\"^PD1Z#82(/#5;BMA!3)\0%F#()D)+!`Q"5B@
M",&PP$2)45WK^@&[JK7O=@-:B1;`-[VE(X`BE:``Q=37NO@-A7:Y2XDA%.#!
M$(ZP_X0G_.`TC-<2"D`;@`71@CT(`@)]3<R!!YI@4"S8%4+H@XI7S.(6NUC%
M0[@P)59P!T&<DUL7D,`%/"R"*:`7,2/^9XD_<>)6I/C%2'YQC"DJ5V@P@01S
M:$#8_G`[$>Q@#6Y04@?R8&#]#MD311;%D9-,9AC+^!+3E4R0W_GE3H0Y%&,N
M<Y*7C(^I$@,`I\VSGEVQ9E*VF1-O!D6<Y:SD,Y=$NW[@LY>SJU\&3V+0A&XQ
MG>]AYV$@6M'V_?,F`OT)2$=ZQ9/VAO$`$+U2ESJU"M9OHEO1YQMJ6A.<]H2G
M/]V'4'N"`WR8PB!.P`?M\)IT%J@;."W1ZC$R6K^81O"QK?_K:$G,^M.VYH0(
MYJ"`N^&N6<^*UK3:8*UF5J+8>ERV=9--8G'_L]F1>':DH[V)"Y##`]W:7+B^
MU81RG>NWBS`>N!]I[G^26\C])B6Z(:%N0K.;$RRP=KS^,*]Z95)DFR38`O1K
MRDZ.4K^?G+A]%^#)BUNWXIT<`:U?[(*"J5(2"0B#TC"F,8YI;):UM%F3]YW+
M@)/RWVRVN;&-/'(7'UP3>,C`&#@``96QS&4PDUD1%`JHF3=:YR;$N9^ASF^>
M]YS%/\>$!5BD`3!LL&<_ZYG0B#;L;S\]O\AF]:+1SFP47QWKL3AY)O1]]E2G
M710T;]^K,Q'K3A1<SED?!MWM._#_15Q:[9FF>LVM_O9:&_H1>2>GXN<G=5=/
M7O*,?WO@A3'XMK-]W(A7]N?/[?;&.Y[)Q*Z[B55=>1/N'1-]Y\3?R[SY8'1^
MH(4?Q.'QOG:[>U[,IC]]G9U.^,NSK_44?/TE8K^)V9.Y]L"X/>E'[^_0EYOZ
M`B]]XZ'_"^F_,_?Q8[WU`8Y])&I?\X]?1.39Z7O0\S[QY=\Y\$W/?5]X/_OQ
MC_KX<Y[_JL]_^^DW".MG3\97/LA70,IG"<RG"<XW9P$H"`/(3^TW4`<X/PE8
M"0N8"0V(9/57"_=G?OU70!6H=P4H@7`6?!U("Q\H?ZMW=Z$0@=QS@920@9BP
M@86&>F97_WPA2'G[-W4[B'G_AWXX2`DP:%036'WO)WI'B']!>'4I.`LK&&X_
M>'P]:'E32("9YX0/^`=%.%972#XCR#XR.`DT>`DVZ'-;V(6`58+=$X;E,X:2
M4(:6<(:2EH:J1V3BEX37MX0@V(0]]X2R$(7^UX+VY8;D`X>1((>50(=P)PM.
M]`?``D7$`U3$]WN$Z'XOV'N7.'U^.'*`^`CPED9K)$-O]`=K($=E1X1W"&9Y
MF(GPQX<L*&@HZ`JA^`=U`$B"1$B&A$A6E6^5B'MLR#V&V#V("`F*2`F,"&JT
M.`@+UW`,9R^SI4D%HW$?UW&JEG'ZQ7$61W&?)'*F5W($(W>14/^+KO0'L"1+
M#R=SJ:>#L*A_>DA^[3B(LDA_RW@!P"1,Q&1,R-0`4L!,MJ2*[+B)2.B*2BB0
M3'B"]-@*+9(`.P-V0#-V1>-M`&F)>.B"H*"&V%.,CW",CS:+L!!=Z+2.%,F*
M%OD)&'E?P>B%G4AKGP@+@KAX\2B"5>AZ*;F&6?B'=AB0%5F(,YE\-<E:"`F`
M0S@))PE^C=2*%ZF).PF,-^F).3F2;H:4)JF4)`F5?N>1PR>23!F3//B._,>5
M0!B40IB5.6B5FR:5GG"2&FEXJRAK6$EIO\B)!GES/8F`/[E?3<F23[F5<WE#
MPQB#=VF4?Y",9C:4DE"4=[EJ7NF#8,G_?F*IA889"8CYA6U8EQ88F.<'F60Y
MD7RYE!1HF21(F4;XF#@9F9`PF8UI@*`IAIB9E]"VEW+IF0.9E*_8EU*XDJ]I
MFI#7EH"&EIV@EJV)F^L&F]^7F'^Y/6NI>[PI>V\I:G%9G**Y/<>I/<D9?CK9
M:<W9#2\)3<:YFF\8G*3IE+JI?LL):[[)"<`9G38IG`9'G`<IF^\TG=<%GO,H
ME)M)E.7)=^>Y">F9FB98GV,)EUH9FU6)B;19D/#9A^&IE^,I@/D)>_NI"?UI
MF_*(G0D9#`/0`3TDD?AYG5%9DFE)E1]JELV7G;1P`5^0`"\@1/_8H22JGR#Z
MFR+:FQYZE1?Z_PM=8"X!D&405S!0$`1`&J1".J1$"J19X$E84*1*NJ2?]*-+
M^J1!"@5("J54>J2>-`)$D*5:NJ5<VJ59"HX#8S&B0`;F8@>U`PD8X#]JNJ9L
MVJ9N^J9P&J=R.J=T6J=V>J=XFJ=ZNJ=LR@,\P*=V2D*@D`#$%`$1R4BD$@!2
M,%*(VJB.^JB0&JF2.JF46JF(`0)C$`5C(@AB*@@DDB>\)`#<80=CP!TYPCN?
M<`$!P``3H!T<,`#!LBP"H%MD$`5>@P%1P#M]$C*?L%>:ZC<0H%&%Y0:_DP`"
M,`$)D``80PZG"@HG$`=N<*@S-`BOFBYV(*H\4ZJ&XE*B<`(=X`$>L/\'Z>(!
MW]5A(;`'"3``(1`"+<!2(9!E9.`!WU02`5`$XS$#GQ4^>5`')H`"<4`%#.`$
M==`$N[@'!Q"KG7`!Y,(';B`%%Z`$`4!,@B`'!Y`!!A(&$U`$$F```9`$![(%
MW]4)]6H'`3`#!S`%WC)<@L``=1`V`U`%5'```W`'FO,'!HNPG'`%N758B_4'
M:E"+$`LS`UL%3H`"&0`!P]4$!U`"HM`!7T`&+?`$(<!,Y#H(%B`&9>`!8A`"
M$\`&+#('=1`"/B9#)O$%O@(YI;,(Y*`!;H`'P_,`>,`[&[0'F^H)$R!;$?)9
M!*`&N?`'`:`!=5!C&5`%-78'*\"V3+<)9BO_"&C[!ZDS".3`+0:0`"!0!$60
MK/"U!R?R"0_`HJ9H!1;P!%,V"`2`!G&;``_0-AZ6`?CF"2W@`3W"!P_T!U6;
M;^SZ0!KP!$]P![)K!^"*.26Q08,@!6G["&%P`H_U7(*P,P)``FFF"5%`'H*P
MHY`X`Z!"!2C@!O>")>Z!!GFP!KKF"<(K",1[`KFU""UP-Z'H/VE[.<^;"290
M,P3@7`.P!PA[`1W`D,N;!'G"+0'@!"K["5;@`6<:!QX`!K0;LE.P!W8@`@]$
M``J@`$Q%P'M@`0=<$AWP.[C3`<4["(-U(QB`N@HP)L)[`<3K"6=@;8@D1(:[
M""QP2'908TU`N`PW_Z_S^PD9O"P<W%@G+`A/<"*3BP&6B[F_TL.<\`1UD`MT
M2S&\>@>.,L*H2P#D`5;_!0I*X`$*<`<>P`6"4+N"$`$AH`$?P`-4L`=Y,`9[
MP`4<&P)YX`'"&A%DP`,L8@";&CX<L`<:$$LD\`0K:@);\`(-4`4/L#F?<`<D
MH`$9P,43$,9)_`>LY`0:D`!?4`4S,"U5<+E5H*Z)FPEQ?`<:8``HP`);@`>,
MV@9>Q0=Z\`0D$`=Z0`(D(`"!S`:$;%!K`,EKT,@NTBV,?`8FP,<<4`1;P`4<
MT`8*,+Z@<``&X`$.N[8(VR0L\@$<P`:R10`D$"S.@LL3,04"8`!N<$Z=^FP'
M8)`CZ5$"CJ(F'R0!>H#-GH`!3<`$6I``#9`CFPH"_/('+1`%P!8%$=,%;B".
MFC`%;\#-5S`%+)<+9]"L<:!A6G!'Z%S.H,`',W`'<#`(G1K/?#`F#5#.#3`@
3%W```K#)GB``#Q`!]D`,@0``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>u50149u5014912.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014912.gif
M1TE&.#EA(@&H`.8``&=F9H&`@$MDH:IU6EA86.OKZ^2OE,K*RBPK*_/S\Z2R
MS^+CXZ.BHMV9>*NKJ^O'M=/3TU>GR4)!0;2TM-_?W[N[NYN;F\/#PY.2DW>*
MMP4$!'1S<]'J]='8Y_W]_7Q\>XR+C/KZ^H"TR]K:VDM+2YNLLNKS^;A9+(F(
MA-W.J+?`V9"?Q69ZK^?K\_7U]8*3OEU<7,MC,)BZ0*/6['7!XC:"H_+8R_7A
MV-%V2=B*8\YL/,O<G_CKY;'+;]2`5OOU\N7MSW*,,$=&1NBZI+]I/ERPLD]/
M3CL[.W"5I'F1F>;FYH^.CHB(B%)24FB:KF"?N;:VMJ:FIGNAL9>6EK&PL'=V
M=G!O;[&..+K@\/S\_)2!=JFHJ8&,C_+VY[RVLKBXN/?W^&)A85F1JE]?7^OR
MVX:85'%P<)&0D-S<W-O;VYC0Z6UL;/O[^_S[_)^?G\_/S^?HYYFE>-?7U^GH
MZ<1M,GV.N\?'QD`_/X6%A;FLI>_O[ZZNKDE)2,"_OTBMV?___R'Y!```````
M+``````B`:@```?_@'^"?P*%A0I_+(8K8((""AV&DBR#E9:7F)F:FYR=GI^@
MH:*CI*6FIY\"*AVL+8DK'6\L+XX*+JP=++"LJ+V^O\#!PL/$I@(=EBR(?PJ4
MA,N"RL73U-76U]BGQ\G+*QFUE=+9X^3EYN>B`BP9[,@LZ^HFX(/BZ/;W^/G#
M`BL*_@N),OC+P,+5HW#0]"E<R+!AI6T(Z=$Z2"^APXL8,UZ#6%&0!W;/(FH<
M2;)D+WXJ4E)(5"=E'54A.YJ<2;-F)G8X5?SQQJX.LC\9=`Y:(=2FT:-(DRI=
MRK2ITZ=0HTJ=2K6JU:M8LVK=RK6KUZ]@K[W`2;:LV;-HTZI=R[:MV[=P_^/*
MG4NWKMV[;XN&W<NWKU^P,_P(%EQ$AN'#._XJMA2CL6,#)@,/]E/XL.'$@MP$
M6$(A0("5%31[EO/'0PA.+O[TZ4,A=:@H?1;C<_Q84.<`;S1/^%-AA.<`4#XI
M";"`PDI+PS$9YR1Y<&7+F/]($-2GBAX"?ZH(TF[[`*?@GOL$!T7A@^S9M&-`
M5AU@^Y\FV05-!Q7`0P`\'BZ%.7UI-?/)E%EVV2`2N+%''T=\L$=\#+(7P!3M
M"6*$&7@``$%[X1$'P!HC]+%!&&"8L<9I(5@!0!]X'"$(!!L`\$<`?7BVQA)0
MK&%%B6N<)TQZZE%GA!L4P!!`CMS-]X<+`(SQA_^(IT$1A@6V?3`%&H,<`("%
M".Q6``%,.&G!:A-L$,`!8RQ827.$"2A#=!+T<4`?%H:1!7?<.?CB(/7!Z-F+
M>@;@@@M&K`;C!U$(0F-V,4H8Q1(%]!F;$']`T8>".@;#XWI]A-%'`5:@$0`5
M10[2QAO8$2I(`E`860`('S`@H6I+W"&('@!4@&J;<.ZQ`00`P&$)F@$*R.9J
M%1#0!PESND?=GA'>V2>?,>[!Q!1?QMB'&T90*8<5#GR0Z!]3G#%!`F$L$=X?
M:U0`@!Q1D%`I,)=2IRD:)ZX!JGR#P`%#&`M@2R4>7R#0R!\@H+$$=V=$$8`=
M\XTP`1\`'R%I%5$PT(?_`V%88@('''<,Q,<@=S'(&ZL5L!I`5/Z1\A]Z+'?<
M'RM1T'+,,J_TAG=ZM*S'&V\,,L(%(;3LT0%V_#'"`<;I\4<(K'EP``3O_F+#
MU%3S,.MJ:)#<<\H]#V+'&Q3P+,@<%]C!WTH'^"K(!5!W'0+;9-LQAQY,0V!R
M`5'GK??>?/?M]]^`!R[XX(07;OCAB">N^.*,-^[XXY!';E1Q'D&0WQ\+*"UY
MX@LH(8@<C2R0@"9L?$`"E#!\(*L;3=Q!VN:#)UK!&G<X$`438X!A12<)$$!J
M=@<8X<(!=<(.>**-]&'$%E6,@<'*F12```23OL@$I%GPD8D9JW7O_??@AR_^
M__CDEV_^^>BGK_[Z[+?O_OOBG]%U)=_^88$;?Q1``?Z=R*'I[@%P`'8*D"-,
M:,!XBH%1?R)4@":XQ@P?",-N,D&!`^RA"@FXPP'ND```1&$#KC(@`O^B0$M\
MBP06"X$#+@"``F0L>@%@@M(.L#"6@0!*F3C@"/M2PDI0(#:>\HP+@E,!$`!$
M&#K<X5YZ:(\D*A$L3$2'$Y_HE2B>8XI4Y(H5S8'%+&IEB^7HHA>Q`D9RB'&,
MF(!#`#`@B#,$0',>H`)-RCB.,Z+1$E1@X1:R<"T79<=():%C-NQX1TM``4HN
M8$![W```0))$D-@@9"$'00"`%.`(49"#!`*`@-&9!/^2UY#D)+=PAD&XH`D_
M/(/`9@)*:XCRC@?0P!@^P$(C%$HUCAQ)*ZOQRDD*HG-(V24U>NE+I0AS&L0L
M9C!C@X]D*M,HQRR&,Y]9DV@28YK49"4S[X'-;`9RFTWTYE2L.8QNBE,CY,R$
M$II``B6$``!&N,`?WB`!"0SL$N;<'!9HP,]^^O.?_53#(\'),@`T`0)HL`+^
M<-B_$*2!``F@`!@0H!HSY=";P`*01@5#@X%:8@I1`,,1\$`!"4Y0.&801!LH
MVH<FW%*$V<SH1@'445T2%`HP<(`&0H"'"I@G%`0X#A/,Y`$8$'00&H"?4I?*
MU*8ZE7PBF*E4_1"!IUK5>YK_N@0#S/#",VPA`)[L!+4$<8`-""(U9@@A/C$Z
MU9G6%)U'!50:_G`!!_2J69M0@A#&,`87PF`,Q#,"#/BSUIBV=:-OS8@5I^``
M07S`/EE%)EL/2U./-G.RE!U,8C&2SF#D4W(R;>MF+])98'PV<J&=ZF@=4MI?
MG#8K/QR$!;+P2_X5([5276U#6NN+UV+E6Y[)#QCN@-=AX-:MEN4FWQ*%!A+@
M[0\?,$)QA7%<Q"8WG'M+%!4D$`8SQ*J>U*BN1G7+$-[VPK=72504@B,!DH7A
MA;?-[&3(NQ#SH@*]5DD4!8P``#P(8D_3$&]E;9H/_&8E`:^[AH#G>UTI8E:^
M]%6(_WU/8>#%+5BS#;ZB\7Y@@R$8P``-R($.>)2#!GQX"#RX,$<SS,7'W0#$
M/N"1C&?<F`&@``D1R&R$]3%A4U1X+SQX@(AI3!L<Y.#(1XXQD0>@!2>(EL5A
M1-R+<S!C)!O@`5.[@29X,+4AY``',AY`$G)L70)?EG`O5C)M=-``+*-B!D]`
M@A8&D!XB,(',##:S<@/W``.,.#TX,(#5?@&L)-"9-@-P,H;UC-UW[?.?40!S
M>@;`!1'P,Q@R=<*A'3.`)ZR8T0Z.&IHT31LBV!C/@L&T5".`@DW'8``1V'$^
M>CQ/06CM2`P8#TS?)9D(N'H`.)ZIJMN*A$T3H00L+AH8+/\`-2A<SA/SD<"!
MLK.$,>C:$C]^R@Q8303'$`$);1WV89/0[<8TX`=PO005`)`%$/1A#'"80BBB
M7;3W>(`"*=UUI2I0[A@0`06H%C8P%NQKQ^#`!HHE:`'NH#0[A`$/'WCN)^8#
M!2;(2GM_P#@^K\KQCJ//"PV@#<`S^]2HRM</Y'9,`SR^U,@.@@H(0``.MU`!
MZ'4"D"IJ@@?28%9]+^8&DGZUI^4K;OF*0,T^T/)N"<J`"OSA@`7`0Q@"8-N;
ML^P#3)@."`!``GGZ_"\/\#873I[J@9/=#QTU`&V&L'1+C(`/3'`1'I00ABW(
M^Q-=>Q-_#C`"360[*6IO3`X4<';_/Q1=QX+@0=#7(^&C_C`_?3?9LZ^YF!^$
MW-P_4''9"7WVMUJ^-HTOL&)L0.7&L/T/FC>\V<F^V<#'(`?HGO516^P7U\?@
M`8-(_>$I.]JP-P8'2K\'K4GQ=YI</@;`/U/A=W_8U=K@S[?'Q_!'47R3'-\`
ML<_]\E=_<MWR0,V,/\?T15%]DAP?]Y?0/?<AO(GKVV/\H2A_1C[?F/`K_^S,
M?W+[58X.^(-"_A<!=(YQ>IB@?IS'>ITP!/QG#O[W"0#8$#;@&#J`<)I@@+Z@
M>;+F>Z^7?=G0@)[P@`NA@3XP:!6X?0?8?9\0@8WA`^7@@9T`@OK@>N?6"1;8
M"Q@("C?P_V<^P('6X(*<`(/X<'P-\`DU^&:=%PH/\&<X0((].'M1IA7N1X0F
M>(%'&`HYN((\.`T^N`E`>`X_H&8$Z`E%>`HW*`H\H(1,B`GG$@`$X'6BL(5^
MAQ57&`,Z@'Z@,(:F4(:B,(=+N`E'4``NL`4@4`"YY`EP>%%6,01*&'QW.(4V
M6(6C((`Q,(*:('-@8"5[`!^C<(A?!PH2%U;8H`>D,0=3X'3[MX)I*(7XMWZ(
M5PI\F(JVL00?H`028`;8L8E.:$:ED`4J`BX_A0T>T`1RQ``3,`9.R`.EUR.E
M@(?+"(FD\(J7D!]PT`3B(AVDP(F%-0I50%%R0`*39PT,<'>"4/\!I70)DA@#
M83@*S$@*>NB*.LB#=F`$"``%<W`$37"+;YB+=40*4S`!T_%754!8UG`'1X``
MQ[$&-O<'"OA[C,B.CFB$"(@*T#@,V(AMHP`&$B`$&H`'$E``2^!?V$!1$U!*
MU6$)]#>)6:B.#TF&SF@*$QD,5D0!GO,':7`:%/"-_<-7&M`93;`[B$@*TP$`
M%_`!Y7@-GM$$!R`'&RF.2;B`C[B*)\A^OB")22<,430"'R`$5*`P8Z`'3%`*
M<J`D`6"*/SD*^$,K>""0UG`!I/%#;O('-A!T=<B*F95_J@4,<Z@##8D*6^0`
M>$`%-L($,SD*`.`=>T``?M2)-?$#?J;_<K"8ARL)F1'Y"]_G&';8"U8T`@A`
M&@5P`%47"G#@+H-@!5!C0"QWFJN1!P-P`H[A`P]P529'=B5W=E7U5'90>B<P
M`$WE<I40!?X5`AN`!WAP;9^P!%\@"'MP`)U4EC0A9.EA?W1)67:96\20C-!Y
MC03U0U+R!\_#+]/5"5LP"(KD'<Q)$CS0F+21`WL9G8<UG<A%#$*(F02E1G>W
M&Q<`5L-$$ASV``T0=+\G:-6PCBHYF<.PD,CWF)]0D970A9YP`S9@`$/&(P-0
M`C-0H19ZH>XI<%'9BL70E'2(H)V@H$B%#E13HAYV9/XY:6/6GNP9;BU*G<!`
M!B`#,BE`!XV1_P(S&C*&J(^#=`H_X&$?%J1)1F1$*F-$H`4H,'1U^:)2E:'C
M%0P]H":&<057(*5KLJ.B9PHI6J1<2ALFAGL"*@IA&@KMV`M1:J5H&AV;(**"
M8$Y;RJ4^<&1!.J=NEGZ1V8Q0284$:J9HFJ98>F:E$&0E:@/K^91DYZ0:A:AY
M]@MGVJ=JHJ::P*9/YPDF<*&6>JD7*@\;NJ2;*IU,6F:,ZJA2"JF9(*FBQ`&%
MQP&?NE&*.AFM^FFA*JK"\J=[Q@FH>G:JVJDLJJLNRJLP&JNRBABTVFB;<*MD
MEZMZ>JBKFJC+NJB^T*C!>J4ARJ.1Y`G&>G+(:J@G]ZJ;EZQ2":S12O^J:DBM
MH62MJ=JLKHJN@\&ML@8*T!JLXGH)IFJNN*JNW:JM1&>O[?H)[RJK\6H)\]H)
MURI?V0J1RNJK3:JO4!JMPCJM66JKYXJP&NJM^2JQ3PH,_2JJ_UH)`0NQ]6JQ
MS`JR`,*N"\NPTLH)'5NL$4NQG,JRGBJRBP:N\#JLH>:QQVJOJ@>SZZJP&&NR
M)[NFY.I*]'JS.GNO!KNM/"NS_DJS&B:P*XNO+0NU+^NR^J>T&LNTQ#`%=\`'
M.-FF0XNM.,NM.4NU=]FS)KNQ>*)P1W`$$Z`NC_6+I!`"0N`!2\!0%NFT'TNV
M4R6V)&NV#(NV_T504[`%'H``&+`%!&`!\T/_"O3$&]_Y=.=3`C4PN91;N99;
MN27@5%)PN9Q[N4^UN9T;NC7PN:+;N6+P5&40!*J[NJS;NJL;!^?#F^\1&[)R
M`6^P!*B`!M,Q`8];3[[[N\`;O,([O,1;O,9[O,B;O,J[O,S;O,[[O-!;O(O[
M!\;X![U(E&M0FJ3@`4)0`&9PG.<$%EN`!PL@*VT+`"[PN)\``<X3OGL!`F%`
M)?C#``#P,NY[O_B;O_J[O_S;O_Y["05P/YZT,P"\!$<T;7]@0=2Q*:-``1@P
M`?F1!5O@AH.0`!8P5W_P!>`K'@LL<:`@!TM0`?E1`&=`GCYT!G.`G,RDP2Q3
M,J,``2!`EOECOW^@_P0&3!W@"P$,<!JWYC=]<`<6@`$20!I]D$M5H$HN4"$P
M<`$7(`3]9;T!T'>AP`0$X`8ID@!]<#TO)0@6``((@`8,``,PP`![(,:N<@11
M+`H1]%5"@,53(`':ZUAG,!WT"P-[$,9VC"!I'`HM\E48YP&!`K!(7,9C/`+$
ME3&;])EZ@P"N,0+P4<29\`%OH'-HL`$;D`;!^!X8#`HC8"0CF1\54%SYX2US
MR[U"@`8>D'-'Q,DP(%NEE`6%:0GY,1U'X`%H(`2US+TMI3:@\`:M+`A,@#]X
M0`*S)\FGG,IX\"C28<*@D`!30`!/8I-X]09)\@;MUH9_P`!-$)Y_@`>X:_\4
MO>BUD'P)(7`'@"PA1O`J[0*^GU`]@L`&Z;PD1Q4"SA5M\W%`#,`'[.P)]:,\
M?^`&1P"*@E``K:Q#&BD?"\``1U!OQ=DLH6Q782".@U#.'G#/"C0=%;`!!?0)
MP8@`48`!"&!6?>!$#E`L0C`!"#`%&@`!&K`'&J`'L43#,[&<?R`'CUR(&^!T
M.K<`9F`&-ZF)IQ0*(S"WR%E*O(()&%`HI2P$0K``J>PC0IV8%E".WG():U`T
MM;P`N.P!W"L(4*"^F``!OPQ=;@`A$N"3E9#3?]#4J<P$3@<I@@#7GQ!+X^$&
M&H#%6/0!8V`&$A`"&J#0?W`'5'`'&A``]T03=B#_!`$0750RSI4`!0@`''A@
M!DM\`1,RG$M0Q:(P!4T0`%70!`D`!PCP`<5E!Y'M!A9P)6[@`#```&X`!1CP
M(Z)P!D)B!6&0`!6``7Q@<V>`QGU@`93M`*D-``ZP!1@@!,39"142`+9].5'D
M`)$-!:SMVA`@!!6B!Q"'C_R<5,BI`28S17J``&G02&V@`;$2V!:@`1:``-QL
M$V``TE/",M,[3ZO1=PBLP,XLPZ"@!QMP!`Q0``O0/99`/7W0,RRL&KN1`!A`
MP?N]!D*P!06@!!B08!YQ`:NQ$@C,P@6``?/M"0L0!EKI23)C"233!WW7!SGL
M!DUB`6K)"2&``.UU`4?06,HC;0F"]=M'$$L7X-T(\`8:H`1'H,@T$0)[(-#C
MH`<,T+78H`1[H.37P.3FL`!\H`$:@+ZJX4110.4:,`)'H`$@\`<$H`'P`0`:
0@`"\_+];8=,;V>+X$`@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>u50149u5014913.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014913.gif
M1TE&.#EA(P&X`.8``+.SLS<W-]34U(&`@'MZ>O7U]?KZ^JRLK).3DXR,C'-S
M<UQ<7%134YN;FV-B8N[N[DQ+2_W]_=[>WL[-S6QL:^;EY65ZKR<G)J"@H'B*
MN.CJ\_+R\IBFR>'BX:NVT]'8Y^GIZMG9V<;&QHJ9P@,"`KV]O4)!0<+"PLK)
MR:6EI5)JI103$X6%A;BXMTMDH;.]V+G"VM7;Z<;-X49%1824O_7U^OCY_&M_
MLM[B[EYTJ^WO]MK?[)ZKS<[4YE]?7T1#1,"_OZ2QSW7!XN7MSZ/6[%:APOS[
M^V26K(:.<)"/CT].3E=65WAW=T1#0U%04/CX^*BGIS`O+V9F9F]O;[K@\$A'
M1^?GYZ2DHY^>GL_/SUI964E(2./CXW^0O-S<W.CHZ,S,RZ.BHCX]/??W]^+F
M\,?'Q[R\O+N[N["OKQ\?'\3$Q/S\_)>6EZ"@GX>&A_O\^XF(B,3+X(2#A'Y^
M?M'7YW%P<&EH:,#`P/'R]_3T]//S\X.#@^SL[)BZ0$BMV?___R'Y!```````
M+``````C`;@```?_@'^"@S@:@X>(B8J+C(V.CY"1DI.4E9:7F)F:D1HW+BX9
MBQDOFZ6FIZBIJJNLFUTC.S$CHJ2MMK>XN;J[FBYQCJ.\PL/$Q<:8(SDQ@Q%!
M&1PX@L%_<30C/8([(S2UQ][?X.&9-ADN''A_05WJ.=*D+SD>02ID?Q8C'J'B
M^_S]_6LO5-R(4._/!Q?N_MS@\>$##1X*1]3P1[&BQ6$?5,CX@V-$N80",XB$
MB,."LHLH4ZK,]$O0#0\]<N`XF/`E,T$V>*A`M[*GSY^'<N`;X4)'D!MO8!3]
M$TQI$!@\>-3(($.I(:!8LUJ,T<7%#3I_=-S(P2,'C3\<-OZ!D4,%#1QK_\JJ
MZ*:UKMV[>//JW<NWK]^_@`,+'DRXL.'#B!,K7LRXL6-^,H)(GDRYLN7+F#-K
MWLRYL^?/H$.+'DVZM.G3GC4T7,VZM>O7L&/+GDV[MNW;N'/KWLV[M^_?MQ\+
M'TZ\N/'CR),K7\Z\N?-((38XFO`'`P8#8"9%8"'AN7=50*QDJ3!&T`,)7IYT
M^`/ESX`!!MKS62^A0X4_%?@,&A/B3PL?@W`!PA]9$/@`'US\X85T&W3WW8.+
M#`"$"0?4(0@0#$S!`@59F.#>`'^8($`=`UPQP!Y+?+$$B'^`X$`"<&"QA"`3
MS%$'%QZ:``0!;ER1@!0"V`&'`1`6>8B$'K((A/^$0#29)(@F)`'$'TY(*"$+
M"5S8PA];+"E($CY,`4".0)A!Y1]`)($%"T0::222[EW(I),?ABB!'12T8&4+
M"C!@GA8$(.#E'Q+X0``84R2@XY0M3.&`!$G,L)Z;E%9JZ:689JKIIIQVZNFG
MH(8JZJBDEFKJJ:BFJNJJK+;JZJNPQBKKK+36:NNMM8;0I@!MXNJFAX-`8`(;
M?\RQQ1)C)*&$">7Y:B2P@DPAR!A*_)$`&A#\P08"SCY[2`)B`%#C'R7XX&$)
M+":"0;?+02O(&R94H,`?`"3A(0#I(D)"D_SVZ^^_``<L\,`$%VSPP0@GK/#"
M##?L\,/\.J@(L%!8(0+_`'X&(`($(2@QP1+4*4("N\JM^X<6?%#PZ!\A++!E
M!TNDP,C()"_G!28TU\QISCHK8J$@:U!@PI9_B)"E`3[<S(IU@X1@QPPB"-)"
MEG5,P:TX//>,B+MHSFA%`"`JT(`M[R&"KX)B0-E/UEH/XJX$6Z`0P0+X5G#!
M`"&O4O8@68B1Q0,,G+V`$R?LPW;;(1YB``M,M+`$`P$<``$``;2RMR`%,)'$
M%3Y`+H@17'MS>-L>KB'``P\<8(><$S`P1N6LE#W?`QN$`8><3WSQA1B&(YZ(
MA4\$X`4$*0J2Q;H).&'R*DQGL4`(3BRA'X$8%*"$$E-B[?LB=WSS17\KC;[]
M_X/B.RN$'^BGK_[Z[*=ORA!]Q"___/37+_\0HB-^?OO\\_^^_0`,(/Z.4;[F
M+$\0)I/``N3P!`F\IU>GV%__)NB^4L`O@!B<WP"-44#F<`U8`0`#`:X`A#T`
M80VJD"`%)_B_#+IP@\7H8+NV)H@`E($`4-B1TE*APA7ZSX(N?&'^?D7#/Q`@
M`!<`PP-*4(4=1M"'%&QA$`4X1&\=`E@K^$,!M""(`20AA5!D(1"G2$4"4B)[
M?*,1&XSPASRP`7R"`18$[@,L!4@!`@=0P!RB\``PAO&'F[@@&>T'0V+(\!!9
M\Q`?',""C"5!>+@X8'4&L;P3H+$5"-`#(B0P(`-DH?]9//PC(#4AR$'2KY##
M..0@$OF'"`@BBU$8@P/*@(L/NDT0`M""=/K20U&B3XJFU&`5(\%*7,[+7!?H
MXRUL*0A@.>$`]^&E+]D'S&#&#Y7"4*4@BED`!D@G"A%H@R17P<S$_6$%3(C"
MI/;22U]6TYK8Y(4V_S"RS#53$!2`P``$$``$;*%[RRRB.:/P!P5<<A-4(()"
M%\K0ACI4H50P13M%^<Y@QG,7\\R>M`CTAPWP"P1C8$/>;.&A"53+G.9,P`]F
MD`=43#2,0I#H--=745->5!?S'$1+P[&!`PCCI5",:2F`"L6:#O*FN<CI8XBZ
M0J%N@JDK-"H9D8H+I3H&JA/_=*HFL"K&0%KSE,-DQ$S51P1VCA5]6LT$5_LG
MU2E2]18R/"OZREH*N?J!KD^5:UHQL=919J*47WVK+>(J5[QJPJZ&5:M>92K7
MM@91L*T@[%D3BPG$,G:L>[U$7]OG6"&:\1&6K6MA+SO3S%IBL]0<XU>O&=9%
MA'83K]WJ8H=JU\YF$+***!#?V'"?"C1``']X`!MT*S)(Q#83Q^7K;//:6-6N
M%K>)@%8%3`"`:ID`#?&BFZ06(=FQ4O82R=7L<F7;7*^NEK68@-8!PO`'*83`
M`7\(0P-F\(<KN(&[QAVM:"=+VFF:MA*HI:ES`YL):,%A2EX$$1"<X*%!)8($
M[XFP_X0E;-<C3/C"&,YPA3/,80X70:Y%Z+"()_QAN8[XQ`-`PGGCAX01'_2*
M@P#`V'Q0@07\H0$IH"\6[EM<T.H7MC\F+V;[.TW;8A"Z192"%<20`"[.P`UB
ML,*+HHQ?'_-WO]XELBC_2XD`J\_(9;R$;EG0(B!(QP!`Z"00$E1E1X37$F\&
M\'@56UY2KK@/2%:$,BW1W9E^%\Y!IO.0:5OGO]XYSZCH\S3_7(DX=WG.RBTT
M)@`+S]8JPM&3P+0DO(Q6+5-TP)7^K)L#75E2B_>L7)X$IW\):HM:.A&:CD2L
M(;'J5&^ZMJVVZ:L1,6LK9YG0@V;N6<$,0$2?0M&^9#0E>O_MB%I[^H_$)N2N
M#\'L1E2;$<X&]EBC73]CFP+9HE1VIDU]6DB?>MBY/NJT!W%MUY);SJA^=ABY
M#5916_O=R\:WJLU=;DE?@M*NMK=8]2V)=BLBV\+>=KJGNFY!&!S6!(\$PH6L
M</.>U]NE`/<?Q5WPB-.:W_!&M\6?V_`_/)S7'G_$Q`5=<3NO&..;T'@8.2[K
ME#<;Y(_VMR4`KFN!N_O*0`8ZQ?TK[Z(NW*TE/SFU;=Z(E4=:Y"Z_>-*9/G"A
MLYSHVIXIO87I\TM3_>>_3CC6Q5[DHS]VZE8O==K/7=JB^W#K]T-[V`_[]8/C
M?-\ZKP3/U=UUB*\=T'\/>=NS7O;_D1.X[R@/?+X5C_=@#[WP42<YXI?.^(Y7
M7N)WOW7>*;%WAD^>W77W^]RO[DM;8W[SD^@\TC_O\-`G?O1/'SS9W6EVSW(P
MOY?'/>S9/O;'T][PH;Z]K_UL"J4/PNF\A[RA7RYWXF/9^;/_H^D_CGI)J/[L
MK#>YZRF_^WX[GO2_C_SAA3_JW`]_T6ZGX/15CFO@![P460#"S230@/L(E[@/
MUCWTZ6[^F\>;\.&W?%)G"CYP`+P2```P`P:@7>ND+_J'?L\'@=$'4^D71;5W
M6Z?@`-G1`G/P!P[0`O05!CR6?^>7;,6W?<>7>:<'=0(H>:50`DR@.2#B10V6
M+XAT8AN&_V(BEH,ZZ&$@UH,=5F)G!80<IF(KUF(B]F*-L`4<^`<^`()_L&-M
M=F_]1X7=)WB]!WZ?YGX]MPD"X`8*X``1$``),`,1,&711(+E=X6+QX:-)WN^
MMX7B%WR:8`#K121\T`!GQ@9.Y(`E&&XG6(78IH+4QX*3=FC-)X'\YX::]WVQ
MIW47>&2):((12(D3&%05V%5S^'XQ]("6N(C[IX44"(!RV(+CUXE_N'&!R(@K
M"(>B.&^1&&:HN(:AJ':L6(BN^(C*=XC,EWW&UWJ"N`C(YWTM9XIT:$B>"(B5
MJ(R7Z$/KYW^&^&^(Z(LH"(RWR'[_UXQO%XO%-HG,"(J*^(K.F/^);,6-TD:-
MP>AUZ9@(PXB%NRB-O4A^5EB+X%6-?]"..1>-.S>-\EAUUTB+X:B+6T:.?L6+
M`]B/8$>/@/>/34>(V*B/>L>/LSB/`5F/ZX@(^/B&D,B%?(>0ZLB0_JB0[CB0
MI`AMYMAMWJB*RZB2VJA^!,E9)UEO'BEZ(MF&-:F1I?>2J<61GC>3KW>3E@>2
MPNB0T%B,!NF"$QF2%;F00-F*62B0I7B4IXB,J3ASJ]B4N/B4R1>`4GF,J92,
M+`F.GRB.3:63`L:3J^>3W(>550E%-)>5.5F2L(B6V*>6H'>1:[F4(RE]9OEE
M,<EU=FF-;`F08PF5H]B2%DB7MI>4":G_ES;IF#A)DHBIB<;(B51)F-^(7/:8
MD8UHE/!XD(SYD8-)D86YE7PIET:GF!B(CD(IFI#9F5I)C!NYB5T8FC3YFC6'
MERF8C7%HDJHIB:PYFDI9FK(9EY-9CK\IBY=)FIEIB\(YE+Q)EE'UEW$7G+@)
MEE:)FF6IG=.9G-UH"Q5@*#.#G6YYE=?YD+EHFKY)FQW)"@S`!0CP13V&F6&I
MF;HI")SIE.^XC_'HGG^@!P`RG\Q9G\YYGD49FWNYGI59FZM0+6O@)XJP`B0P
MH11:H19ZH1B:H1JZH1S:H1[ZH2`:HB(ZHB1:HB9ZHA2:"1`0`2U``./C)G<0
M``$P("]:HS9Z_Z,XFJ,ZNJ,\VJ,^"BI9`#D0H`8(1%S\!$E)<`%?U``7<#L8
M8`+,D@D/8`=1$`#K4@(7\`,T6@`0<`%;4@)1(`5_4`91X`.>!*6TA`D;4`=5
M:C)B<`&%(P@)D`84\`<=$`!;8`4&H`110$M0.D[:D0`!$`5,X$I_,`;S(C47
M``$@L*=1H"L+8$-_4`<F\#.:4`%2L`)1()]9`%^#P`0K``%K8`5-\*A&X`,K
ML"4%D`99P@_!<Q]Z(`;=(2%-8P".4P%^P@`HT`01X`-<,``^I0D:TTI3$`;`
M=07$TD8/,`8F$`$_H`<$@`8!H`<(0$(V:`E+4`*"P`1AX$I<P$6X]/\'"R``
M4N`%C>(&8:`'UK4)"M"J!^"I!``MW=$`;("NZGH%F50Y&[4)#Y`&30`%"+`"
M\P($!$5)7I`&!S`%"\`$2H`&8H`&630`%P!!X8`%[2$(:#"#!]6B7O(>+CH`
M#9``6W`%F7`G@_``P!(&:'`(U!("'J(GE0,$"Z`&/T``3X`)$@`M*!M<#"`S
MA[``_?H'3V`""W"S&>,`7Y`)6V"H?T!0"=`"7-,`:%"T?\``"S`EE2,%#(!_
MEX`&))"TQ3(R!(L(J]H!43``8$H!<[`&)-`!*W`!%,!&^Q`&%\L>&JLX3E`!
M'3L`'SLV3P`!V7$)';`Z@F`%'F(`+'4(3'#_!B[K'P,0LS;V!WO0JI;0`=!B
MN%H$!RXZ"&4@IFEPJ$1;'A!Z`F**"2LZ"!=0!BM@`JEZLA"0!PL@NE?[!["#
M(YO@M58@"`0@M@4["'#@)V=K!E&@MD9``EB0!F:P`D2Z#T_0!`EBN+-Z2==B
MIP#B`R>PHG8@`=)AO9GP`[14`%+0'E.PO!<R+T8``04`K`%0`%B`!=*!`7*0
M"4_X!VN@`%"P`08``C,B"!O@`)I$8T!``2R`!@7@!$12*)E``&R`0@U`N"@5
M`79`'0-<P.V;!P%@`!'P`/2E"2"0!A!@!E>P`ATXMGRS`@<0`E+@`',``2DP
M-"N`I0*0!N0K#JW3U01-$+@80%P5``$^X`,;P`0,P`1_``<0X*(*``$.0+&4
M\`4.``%BP%XH,`/B^0=&L`0+X`,"D`(\'`%G``%`VP`,,`-@>PE3ZL3$D@5.
ML`5I>F-.X`/&6@5S]`!*,`-F<`):8`)<2PE/,`!.S`0W*PB6>@=;8"AR/`-J
M\``+L`5GL`$,4`6`6@DA``$3.@>NU*G,0*DF@`!>$`47(`(;H`0KP`81L`0K
MX`!RVP_OY0"[9`P@0`!;`$?%D`=S\`.P3`P1T`!;$*S?$`)+0`):P+0_^BJ!
#```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>u50149u5014914.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014914.gif
M1TE&.#EA(0&I`.8``&AG9X&`@&Z1L=W=W>+BXH>T:2PK*\S+S-/3TZF<.^2P
ME:*BHKJZNJQT6)23DYN;FT)!0>_FU7Q\?%JIRW1T=$MDH*RVD='8Y^CK\Z/6
M[+:UM</#PXN+B^_O[_KZ^I.AQUM:6_#P\MN6=/S]_5134_;V]NW)N.GIZ4Q+
M3`L*"I&#>=%V2;C%RINNM:JUTZ"2B?'S^<K)R8F(A,9I,?7X^[J`-<#(WU]>
M7K6^V$`_0,MC,*2QS]'J]77!XLO<GS:"H_+8R]B*8W*,,.BZI,YL//CKY5A7
M5_OU\OS[^]2`5J*[QN;FYD].3GF1F8&,C[]I/SHZ.F-B8^OKZ[K@\/O\^U%0
M4%F1JM?7U\?'QZ6EI<B"8(F(B(:%A9U\:ZZMK<_/S^#D\'!O;W%Q<7NAL6QL
M;/+R\OCX^/3T]'AX>,[@Z-C=ZNWL[4I)245%1='0T$A'1_+VYYC0Z9"/C\[.
MSJBGIZJIJ?S[_9";GIB8F)ZKS:"?G[&QL<"_OYBZ0$BMV?___R'Y!```````
M+``````A`:D```?_@'^"?Q\5AA4"?S:'%2Z"BX2,AWF#E9:7F)F:FYR=GI^@
MH:*CI*6FIYT?B960?WD58(H5E1<5(:BXN;J[O+V^OZ>JEJUJ%1>RM+;`R\S-
MSL_0I<*LLS"%-,B#M;?1W=[?X.&@A8>)BX<NV*V"V^+N[_#QOJI@]1BR]38"
M`F;K?^WR`@H<2+#2M$'K:EWP!["@PX<0GQU\-$L0C@IJ&"J+R+&CQV"(]ID+
M*:#"AVSL-GY<R;*EI0L[8L;\`T8F#C6":E;"L`.;RY]`@PH=2K2HT:-(DRI=
MRK2ITZ=0HTJ=:D.FU:M8LVK=RK6KUZ]@PXH=2[:LV;-HTX*U,;6MV[=P_^/*
MG4O7&P\_>/,6Z,.7KX]!'?CP6?)E0XD_7P8(YC,@U)4!AT6YB5Q77A`=F#,#
M$?2%#Q;%!/X,.+'X`*@.:_Z$OG1BM:7&F^[FQ;NW;Y^_@OA4T7,E"AX4?R#,
MT<-&SQQ!"SAY"7$CP(`'H1B0Z5`YX.7,F#?_B:*'3@`T`#0$V*.G"AHOH$#<
M(*#G4ADC5S`%X"1[=NV^N/_P"3/@#``^``0G"!J5</&%`UL(LH0$:.PAP0!Z
M+-'<`#*8L84$'>B!AQP>G">(A6A(2.`?&H0887M<2$!`%A0,X`8%KE7GRW78
M:<<?`0'(X0`#`6CP1P!\#,)`%`1L(,9J*7H@B/\$$FRAI"!84*#!`U"4\<<2
M86"!AQ@>S.<`%QUD,>(@]>EEVVV#\`&!<]R),0`$`U9R`Q][.("`:!2<04((
M`3@WX0T<7$$`&@$@@,8)4<`6Z`EDZ!'D'TSP08%S\^5`&AX>W(#''F?("`R-
MF@D"0@`/?,<%'CW^^.B5<VR!!@.=B@8`%D+6L4!D4?Q!P0;S_<'`%JTY@$4`
M!%#@0!UB?&%)F;2=F1\?O5+P1Q8<P/G'F'_,R8>CHLUWPX]^^AGHH)1V\(6T
M?RS:Z*,0\*&!G=)^>P"F482P``.>_@)J=G&J&@(`J0(YB!QN."<'OG\T^6@)
M<E"P!\*Y[MHK`>))L`#_M$L`P``"!`"0&IFS-6M;?E]4<0,=:-P@00EB"()'
M@5]\H8&R2[0GPQ]Z1,A%A%M8&$"&-9\@!GI_@'C"S((,N<$)#/Z1X+0M\G%D
MOC-BQ^^U-]R@AQ%18*$'K7HH*X@77FSA!8R"G+K'V"4PP`%U?T2I0<V"S"$&
M%AQDX45[#I`!H01(5$(##X07OD0$B",.!]7Y1@#$XY`?P?CDE%=N^>689Z[Y
MYIQW[OGGH(<N^NBDEV[ZZ6V9*\@`#KCQ1V!\4('Z[+BH*0@4&D!`@*1>/$G[
M[Z/8_H<!UPH6@)7`)Q^*\%S<8,`&2U!Y@O+4=R*\:&P,$L#+U7>/B?`GY!`?
M_QX.&!"C]^BK+LAJK,/VSAY5X-M!%'*\'D8`E*'/.?SX#M"G!QJ(PA+*T!Y-
M+&`.4.C`?\*0!0!0BWOZX]P!$PBMV`%@"6+@PL<V`8$!@.`/:R##!T,8P<]U
MD`\/^@,7HN"`Y'!B`$;X`W!&0`(F_($*),C$;A;#PQ[Z\(=`#*(0ATC$(AKQ
MB$A,HA*7R,0F!A$"8JL$#%_'!R@T9@02F(/[,G&#)4#J#P=``Q-*8*A,M*N$
M=3FC);JHO9<]H`YH(`'R,"$!`YQ,#S>`PA7T0((V1-$2:D2C7`*Y)#O2@0)U
M[``!Y#```+`A?YL8`/((L,%+$%*0$#F3)C>)IDY<LO\2'G"#D@9X)6[PXI.8
M+`@G5^D73Z#2&Z],I4!8N<K\<'!5XHBE+.5!2T[:4A.ZA$8P=_F.7F[REV;$
M93B&24QQ&%.3R,0$,YLQS69^XYG.<J4RP5%-:W8#FR/3)CRZ*4L]-`9:`?"`
M'OH$G5^`$S_B?`<Y4WG&/L6N,P#@`##>V4I/;O,;Y&3,(-8F!3+@CWKU5-$@
MH`#)7?"SDYR8IR_(*;`_("`%VXF!'IZ6O#-*`0%6))$$EO'0:%KRG[!$J28$
MM@00Y.`/&J-#]I072`H$B0U>W"<_30I(E4:#HGQ`0ANB8("YB0$%]:-ID,B`
MA@0.X%LDW6D\W0%4#PC&`(W_.0,$I.`]#R#@27-TIU3]R8Q841*8/I7/JJP%
M@K1Z,Q0EG:H@1N"&P(G&2AZ`S1;5ZK*1:J`-$'"=--WJ";N^-1=Q)6LE`%`%
M$HQ``V^``@'"0`$ZT(D3`KN"8R&UAC(.]K"S'&M$E9F:'`R`"2/8`!I`D`4N
M]&H3`E,/!3Q@0RI4(9F@#4AB1WL)H9JAME4XP1X8V0F!;54.7/C@O\PH!R<Z
M][G0C:YTITO=AUJ@B`;8Y@.2H]P`#6`+``@0;(,$@@'@80L@B,$#(-C3W`IB
M"AF(KWSG2U_Y3H$7N[VE)30[@#64EP,O>Y47`C`]30A4@5Q`0@?NUU!!2!1]
M/0B9_X0GW`/\BE:_E2A5`!@PO_H=(`8>D(`^>_%@[T5XPBC&2X4=>F&TCI.P
M^?I"`5W*AQ'<``7LU<6)4TQA"[^3IY4H\2Z$'!=H">D&K?T#"63'BQWS.&0K
MUD5^72Q/MS+KR7GA05.,C+T8;#AA\6DREB4<9<2V&+=5[L25QZQEIG#9`UP@
M%+[0<#Y<.'G,?B@S+J:,9JI:&<\A:_-2C+R&$-0A"GL@0QEF*F9`J]C'X`3R
M((B<BV&N&<N"5HJ,18,"(TQ/`I'RQ9W'K&=4\/FS:::/H[-<NE%CN=2G./5)
M7ZSF5>,ETZ%S]9-A;0I9MS?5L;&U'W`-.EWSF->E\'608?_,#$L+F]B?,W:*
MD4T*94^:V<MPMJVAS0NZVG4-=3:*M%%,[5%8V\'8!H:V5\UM7%B+`ELP@%5)
M`(*D)F7</6;QC^6ZS#]O6]USO9:A!F"&'/YB"CU(N,(7SG"%QZ'1CBZW*,X=
MG'3_8MV.;C<JK"6('-!6=K?]109L+?%0X)O,D,:FI-'="X$.*T@EX$`[41WL
M?U]\$`Y`3QBX^D&1DQSB@"XY*"C^28'Z+YV\.@$5TBHP/,S!`&4@@P,D4,!9
MJ]KF$Q4$2/6@40GT#1@C7[70/W%R**?\F2NO^"4$QCLD"%`,`<CI2E>%ABO$
M\`1AZ+,F+OUDC9^B@.O\\@,XT.#_7(0]XD#'\]@]0?1MLET"G9(`"^E0W$>M
M`4[`P2%SB:@$82M!NBRHK^CKRP+IEGTV$YCN!&R=>NE:%[N.#U+T)/N'$:#A
M`'M=^Z.B<"<2F&$`V%IVK;&."[[SV.^A.'S0$T_JL_,E`35(@"_YK:HV_L$+
M#Y#`#6*5"8$MP)!R``$)4(IQ0",?%,9/\?D_H7S%,__5D(9^#;`C?6A27V!>
M-\`)UL`%!`0@"F%U"0-`'7,@&(T1`W>B=YF0?BBV?I[`@!/F@)W0?LVW"Z>7
M%XO7"0D`?3-@-3HP`].G6%)$';L3&AU`'8DQ4?[&;KL`@1(F@9Q`@?!G@3^'
M"D6@`"*P_P(>^($;6$O4!U`KF'$M^&R[((.[]GY'6`HFH`!$L(,S$'W&E':4
MYFY!:'Y#2'RH8(3'AH1;&`I',`0BL(,Z`(61]H,I-7P2U@1/\`0JX`0"L'JL
MI@LN&&A%6(,Z9H>;<`1`H`!)X(%$$`0*L!F-1VM7)V$-X($-T`5O"(,UQX*Z
MH(73QH61J`D1,`1!T(16LP(B8`*2,PB#"&Q[AV(3<(ABJ`6!F`MS.!N,J`F0
M2&Z2Z(J64`0FD(,[F`2GB`F?Z&=H.&$3(`!.T`"D:#5_:`(18`JI&(>&AX=V
M5H.R*`)]Z(=!8`)%P`FYF$M5^&1-H`)/((8B,`33&`K'>&MU*/]VKRAA`O`"
M8<B-WCAT9T9SUKB+@)8&8(B)PJ@`G/B`1/B(RH@*^#8!,J"-8J@#@%B,YM:.
M5J>+A2B$@G"#Z>B!*Z``Z[B`^9B,Y$B#(=.+32`#P5B+M]AK!OEK"-F("FD)
M0&")`9D$W0@$G?@'X3ALXXAXN``Y+]`%P+B1._@$B=@"!&EF^R:"[YB05J@)
M>J@`EQB00;"),3"1N-"*^78)10`Y4`D$2XB#01`$.AB0B-@%3?"&CZ9O9>B3
M_0:/>+9^>CB+SWB3#:`"^P"'?5>$(B$2,A"7-3F7-5F5](B5>(F(P"@#;LB6
MLY&!U/B1P@>*$HF%G_"40Z``5QF0-1G_ES+0!'[9;HY3D@I0F99IF54)*AW8
M@7G9F7GYAY9Y!VNY?%ZI<F;8#>4WEKD0`3BXC9[YFK`9FYF8F54I`I=YF4/P
M.#M9"1?8E5(FF-<&#'H`!0;@!E444NY8F(Z(BGXP`1FID38IFZ^9!$&@!8[I
MF"+AEW]9CBA7FFAW?T%RG$P#`%Z`!5GP"7"R!P&``B<P!R.5G)C0DJNHG!+6
MBTX0ES19DUI`F_QIF[>)F]HQ"$S9G7=8D;_9D[QE"0*#`B/``-I7(J_5"7+`
M!@:``#E$!3$$GY<@GU>XG$NYCZ?0FWGF?+TDA;&G9#<$'U[``8+E"4;``&CP
M`#%4!KDB3<TU_T2=9VN?%UTYNFH["ETBVGK1I9UC)J30]7I$E%VZ]P<SFBM+
MX%KOV0EM<`(+P`4D<`!U8&\@&8J&:8Q*F84@:@HB"IB;4(V"(#`D0``.4#\!
M0#8$Y@ES0`9B(`4$0`88HH#Q^:6GP*'Z:*"Y,*8D2DLF>@D"5:<2X%4,4`8Z
MHH)BR68=.I(?ZJ?+**FF!IPL1YAYVJ6EP*<4"9,%ZJD\^94)&I)<ZJ&HP*F1
M"JJ3JJJ5BJ`81JKT&93,J:FD,*!F9Y&L&FN6JG:8NJ%ZZJ6T.@JVNIVX2IH'
M*JJO^I,B*:O%]ZNE,*P8R)VW>JRF"9;<=(V.*H?.6JMA6@J`ZIU1>/^:/X6M
MF/:HS`JFE!JBW5IMNSJ%&T>N;:FMP2H*T.J;?[JN!>FJ5`:KF6JJ>[JMPHJO
MHO"MU/J=U@J$C5JN\NJOIE"O(UJL[@>N)2JNP@2OQV>NJMFGN2JF`@M7[6IQ
MC`J4&3NK#/NL'0L*!!NJU3JJREJJD'JJ`$NO)TMV,\MX'TN(RSJRS3JOR5>S
MG9"R>W:SRT`K);``/H*GOLJSZ!>S/9NN'.NTR2:T@Z`8L8,`>&`&2$`KHT``
M&(4&'$`&:Z.AR\*T2ZNT[.>SG`"TK8JL^WJF%.`%2'`#&\`!<E!@H5`"1@`%
M2C8"!-`R8EL)J`JS9NL)#DNFFJ"VNJJO"MC_)X<1!@"`!R,F"A2`!U@5<B%W
MD"Y[KO\ZN!.(MIN`N!ZIN,EY``Z0`VN`!%(@!FO@.Y]0`GU25(XU`.B"N;&J
MLX);LMP*M:0`NE$KNK0[($&R`%E``E5@!J3P4EP``"`0MK^;M+@["H%["H4K
MK<1:L.$*EEO@`)(5`A+`!\UC2J$@-EZ@4JF9K23[LM+KN8>KOIE@I@C@`%YT
M!<:[!W\4LCEKOCO[O#*KNZ/`N^SJNUL:EB*+O[>+O@W+OIC@O_G*MDA[A@.L
ML.>KN0?,OP.+P)=@IM>:L/$:P;:;OA1L<A9L"1B,L`^\P?EKP";[P2@;PI4P
MP@Y\OQ!\PA*<PAOK_ZTL[(E2V[*U2\";J[]-6\.[>\."X,*H:;'JA[$\/,%`
MW+]"_`=$/*X:?+$+B\*YN\05K,*?\,05&\5'/,4S7,7&>J]8;+,`/)C\ZKQ4
M#+UD>[9C_+--K,7/4+XQ7,!?'+!MG+9OG,,"#,,F3,<=K,1AO*J!O+8KFZQ[
MG+E_O*EK3+A-K,`3I\<97,)2S,%)3,.#K*YW7*:0[`M8\`9,('<!W*]I+`K1
M"\@1^ZF7'+H,G)Q\P`8@T`$!<`-8X`9$4PI5L`1\P%&AC,9U3,J+W+F9O+[!
MW+YZ#`5GD#.)L@6S:\M_X`$9:DDW*D0M\`/47,W6?,W6W`+2-<W8W,W7K/_-
MT34&WCS./V`%TV4%Y.S-YBQ=0M#.[OS.\/S.!0![EJ"W?&`$,<`%')![HO!!
M)5"C:P<!`CW0!%W0!GW0")W0"KW0#-W0#OW0$!W1$CW1%%W1"+U7]IPK!,`%
MDWL*3#``O^)>U5$E#G">%%`'7K!SID``)!`%<"/2='$%51`&>84%41>A,)W3
M.KW3/-W3/OW30!W4.5T&`,`U;7`<`F())6,`=6`&1L`$\_'49!`<$"!>H(``
M;W`#)```9?`%%%H'EL!8;$!7$)`#&T``$-`&/I("$)!CG5`';>!($C`"7I"W
M>\58CK4`;"!9;I#6^&(`.:"UH+`%50``;U!`'J#_MY7@U3GP,D\=(!,*`680
M``8``87G"0C`SX-```5F!F%F44\R``FX$MLC""<PUDE="582`B#`(Y!R`%/-
M!`C`<:`P`E,J"-E7!B/`VI:0&F)@=W,@!56016L`',0C"B<@V8+PMF<Z<X)0
M6E?`H"AD!'.P!KDRU:)PSQ_RR==RW(.@VR$`15--!E_0!B.@(Q5%"D^7`BF0
M`U[$!Q@U"%Q@`"E0!QY`WP%R`VSM`6=@`%7W$98]"&C@.K1="=#B`$$B`0:5
M,%+#':'P)H-0`M;"998``A(N.RE@!+*30ZZ\`:%0*FF20\,9@#?4!B5PH48`
M`1O.I`(4"JF2-'*@!PM0_^""X`8WX`#S$0`.`"?0H@=1(`9,%@IE8```H$AO
MP./Q+0@'X`%R2@>2E0(;D`(E\#SS[1)L\-D@P%4T?D-,(`4+L#9BL`7S85/-
M[-V>$-Y3FSU(P`25)`A9&ARW8`#UPJ2"(`5FW@DP.@@:("UE<`-@;0ERX-A_
M\"\0<`L9N@=6[0DRAW->P`9DP-26@`1&0``+D.,S_@?J*0A=$SPI\"@:D`*X
MG.2#D`-9$`!PD@)D@%$0L`#L#07@VQ%?``'RRP78O>4G,P!7P`1ED`,AD`.[
MO@0#0`!WW@E-4@(#D`/*(@%T,``C4`E78%IK(',,(`9X\``Q``)+4`(QT`:B
ML/_J5F5%S$Z>^W4#_?5?D/L`!R`&"(`$>,`%=PL%#.`!7J#8?_!2EB`!>#"`
M'F<$(<`&!'`#""CA+7K5*4!Y?^``*6!5HNXK>FOJ'I`"8H!14$`!*1`"!J"E
M'M$;*>#N@O#?IMTGZ;0`1D`K&M!6+#/RHS"<*>`Z)P#RK%OJ&U8"%$`&AX$&
M`M1(4?#9GT`%<F``4/#>),#QE>`=&_94(R7S`L0'($`!K]X)92`!*2!'@^#Q
M+?\_&F`$/G(%FO('<D`"+C0*J2X!$>\`^B'J2R#G`>`&!H`&!M`!*8#PGRX'
M4/X3<X`&9!\."P``H^T-'L`!%Q0.2Q``V(WW]#TGQAX<H3S2)P=O!$'"`"1P
2GG5@!,XMU&^!!#)U]P$1"``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>u50149u5014915.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014915.gif
M1TE&.#EA+0&V`.8``*6SSZ*BHG1S<_KZ^L/#PXJ*BO[^_M/9Z*RKJYR;FR57
M;;JZNC8V-M[=W4U>(9*2DK6UM.[N[F1D9/3T]/'R\6MJ:E144\[.SN+BXNGK
M\]G9V4Q+2WQ\?"DI*7:(MPL*"M'1T>7EY5Q;6XR<P]75U4)!08&`@&)WK4MD
MH.KJZIBFR<C(R/GZ_+:_V<W3Y?3U^H:%AGN-NE)JI49%1EYTJX*3OL#(WMS@
M[6!?7X."@N[P]G>*MVV`LZ/6[#X]/<"_OW7!XM'J]>7MS\O<GX2VS$A'1U-L
M=X^.CD1#0U=65OO[^[K@\'=V=E%14!T<'$E(2*^OKV:QTK:^GY^?GX2#A*R\
M?\_/SUE96(*"@>OKZVIV>^SL[,O+RW!O;^3DY'1W:./CXZ>GIYF8F72&MGZ0
MO(B(B']^?U!/4(&!@>_O[X*!@F=O4$A'2/CX^/S\_)"0D,C/XB`?("$@(,_0
MSX2#@X2$A.?GZ-_?WT].3I:6ED1$1'=X=WEX>)BZ0$BMV?___R'Y!```````
M+``````M`;8```?_@'^"?S<T*"@U;8.+`#N+CY"1DI.4E9:7F)F:FYR=GI^@
MH9DO-",N+1XZD8VBK:ZOL+&RL[2U!R@O@BPLJXZUO\#!PL/$M#HR([F"!C9D
M(QF"K'\O+3$JT'\N-2,'Q=[?X.'BG#8H)S:"+C1D)R>\TNPJ.^XO*",C,>/Z
M^_S]OQDQ4*CXDR$7"Q3=6-V0H>H/C19V4+CXP\N?Q8L8,U)J(?&/@18U$/YA
M!4`&CY,R`/P9(;"BQI<P8Q;3H630"0`9;AY,Z*C%"0.0X-#P(+.HT:.N#HRY
M8<"%Q!8\*"(TP(H%LA=N7-BXT<VI2Z1@PXJ%I,/#(7MN#L@@$Y!'!FDV_V2@
MD"'#AEH>:\?JW2OV@-]!7%D<N$&0L"`=?AMF\/N5K^/'D"-+GDRYLN7+F#-K
MWLRYL^?/H$.+'DTZ](@=J%.K7LVZM>O7L&/+GDV[MNW;N'/KWLV[=^\1I8,+
M'TZ\N/'CR),K7\Z\N?/GT(\V2%'I0H0I5J:LV+1%0H/HX(4UL&,E1)I!5KYK
M,&`E@HD?)K8KF3/@CQ4-;0R`J"\H!(8_?.0QB`83_'&'?7?8X<4?8"PX``E`
MA2<A)C_\4$(8>`PBQP,6B-'%>R":\(<%"5C@10=A5)``'PL(\D,79>1000&"
MH)&'!0.(6(()>^010`$P((##`P=.:"0E%9;PA_^(@BBI(XCPB<C!'PM8N"0&
M(LPAB`GU<?">(!),80883_[P1X9GSH$#&$>V&4F22P[BY!\[PA?E'Q(D(,(6
M3D)PA`""K"``#&)\^<<#`I@1@04(U/E'&!QPL,`#?"#@YJ6#I)&&%0:BUZD5
M=Z01ZAT'SJ<(IW<H`4)-_1T8ZH!;_)%&"*">]P<&;+8!`J:\]NKKK\`&*^RP
MQ!9K[+'()JOLLLPVZ^RST$8K[;345FOMM=AJQ.D@*_S`J0$K%'G!MMD2J^0@
M<9@PQ1]E"'!&"!!((`$$Y9J[B!R#-&'`%#`(0.H,]0Y[KB!,,/`&G7_`=^[`
MCZ0!1<!M,MSD'TG\`8'_"3A,,('$@U@)L9%*MH%``UP0\`2>4%S!11YOO$'C
MFQQ_#-VZ;<R0@@1)'!A!F'],L,<>!<(L<YLD?.+QT)NT<0%_)%`0WM%(4U*"
MF8)`P8$>$R0@@`\$D(`##G+0RQS444LR]2,E6&<QDQL[1W;9D)P]"`<#/R"&
M(%/<W=S;<"\BMR!M;+!="#,`-4`)=K@=<]]-FGF!`0VX@<,*2DS]'12`*LZX
M)%UP:@$("9S!A!M0E&#Z'P5\I_GFDQ`089M\L]Z/"4S^,04#<F@P\1\"/.$#
M=1K%+OL^M&?Z*)/G,O!H&"\)WR8&B?\!0@2_+-'#]=AGK_WVV`<A2_&+)'#$
M_^X,F$!B\XL_9^B69G(@`:,-E.$#U;,`X<?]^.>O__[X]_!][7^@`!(4@;">
M_8`!10M>^IRSOB69J01IF,`5JO:`6MB/?QC$H/]B4;PL%$@"%Y#3(*8@`9@X
MKSD-_)(8&."#"M@N=Q;,H`SUMT%83&%=A/I!$7#`!T%T01`1P('3T"<6*_QP
M$%BP`!;^D(`DY*P!%FA"`FJ10JIEH0+T,D`"2DB+"\YPAC64A09TIY<3*G`0
M`VC"'YJ@@0]83`P/:)$3J&@F"#C-4`BPP!\TD(8P'+%^7_QB&(UCQHP<[0)3
MXL`/F""!)C1``SZ0P/AH\8,#?:F2?W!#`<[CM2YD(?^&@93A((M32(P<#02)
M_($/H""!!?PI`&CZA0;X`PXOAI)_HR1.*?_PQT=MH`)NL,^Z,-`$'S#O%Q[#
MP``V\(<-W*$#?T``AQ8P@3EBQI:WI*%R=LFP#;2!"01(F(@PD(4TQ`$81NP9
M-,LP@S*PZPD6R`((-C"#`&0&F]GLGRN&T(=^^O.?``VH/X5P$6[ZC4H5A`\:
ME3>,8Y(&G_GT0RX[P4^!6M2B!+6(046X@(,I5!`LTDP/(KH_[[4"HOF<*"<J
M>M&6#K2@"T3;(IY@`!.TZ*,@<*%(2:H_DXH"I=E4Z298ZM*69M0?&YWC`QC0
MA&`J-`1QB$/8,C-2GN+/IZ'_`.HMA:H)HA85HS#EQ,."4U6K^@&KH-!J*+F:
M":]^-:!'[<<NC5-6JZ+U$VH-)%LQX=:W_C.N_)AK<>K*T[MZ(J^"W*=?+PK8
M?0B6.(0EJ6$[@5@P*G:Q`FVL/AX[G,A&=+*<J*PH+XM9@&IV')P51Q"XQ]K6
M@G83GLWG:S4AV@SN]1)]Q>QIQ9':<,0VJ*[X[2UGFXG::I"TI7VI1F-Z$>&N
M-;AFO1]Q,6%<7"(WN7W8;3AZ"P[GZA6ZT9WN):J[O]M:(K>+U2XG>BD`/#"/
M`$@0@1LP\(0B_$=H1_%N8ENAWQF*UQ+DU68KT.M7]6YB8"0HX0P&8($4%"``
M.5C!_PJX"`GN?J._H^5O=,_JB@#GS[R5(/!;#:R)@;U!1Q=@Y@),<`8E5$X2
M9EP"$&9,XQK;^,8T7@)XS0IB2F`X@_^MA(?U.6#L_A46)D:QBEGLXL4=L$)0
MCC*4B;!A(DCYREC.,I6C:^4L>UG+&P;`E\<LY2A4F<QH_D$5C.Q/*:`Y$^?"
M0(+_L.`&/SC"$X8Q<W]\7`U'M\>3X#/_@DR)(=\/T)(0\5=)G(D?3@":[7UO
M?.=;W_M6>,\;1G0D!%W>'=NUPYF^;G(9O0F'<L*,G!:P*%+]84\7%M1_%G5I
M23T,5(?:SSQVM61AG>LBLSF[8:T$JXF\ZEL7.[R\MJJF(?^AZ*+26ABVCC6N
ME:WKSR:;I\M^1+-=^NQ@1+O7QP9W*(8MW6N3--N+V+91@^UC8X_;W:`@-X=/
M"N]/J)NQ[`YTO3TA;W0/0MZ$GH2A)2IKW>9;$OVN=DH5GLV`2V+@_A;$O<&Z
M7$LD?-K89OAPS1W1B/]AXID]^*;WW8F+A_O3]):V*$`.5Y%#PN3O5GG,S>KP
M2$"\X.EU^2-@'F^2<P+@'%^XK]G<;6!\F]H8/[?&0UES2-Q\Z$8N.C(Q+?.>
M5_T30$^YN$'!<M/J?!$\Q[K/8;OAIC_BZ2O_-;`K+NRQ:R+L_"Y[T($+=>Q*
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M?J('>P*X:^47>H+G?X$%@!I(@`<X?`6H?0O(?0DX?0Z8@NN'?\%W@N_G@O$'
M@K``!28P_T4[LRX^`S1Z5G\T>'_\9X*C9X`CB("G1PLX\`,A)`$IPP5BT#(O
M<VE`"(/+%X0MJ'\H:(6:MX*S@`-OX#1ZA(,20`%IX&0BB($;J(8DR(%&R(9(
M*'NT0`!+]6(*LSL5Q@!DMF5FU65I]F5\:%5^^(=@%EUB1HA>9F9<AHA>MF:_
MYF9D!@HE0`+ZPB_^<@<`@U^&QX7MAX4CEWM;.(31YX6Q,`%F\`8SX`;M@@?P
M(B]B0X4O*(KY)XLQ6(2A6(*CF(2ST"U.`R[B0BZPN(FT>(6<R("@.(/%J(*Z
M^']5.(S8YXDO]X"'%8',9H.;E88>V(9P2(1N>(M'Z`D3N';T%_^+N#B+Y5B+
MW8B,SLA7UHA:V$AW&;B-K:>%ZGB.O$>*(=B,]OB,R4B.Z0B!T*AM[<A;[VA\
MH`>/:RA;Q?=<YS=K"MB/PKB/G4B/``F1DQ".%1@+%YB-E&>162B#%;F.N#60
MVU60#!F/',F-UM:!",EU)`D.&]F2'2F2^OB/TQB0Z?:2WQ"3!HF2,JF2"LF2
M/?F!^.A8)OE=!SF4VAB4;YB2N2B'XQB1WSB/-.F/*]F4/_F4=O>052F5\FB.
M-DE9U"B017F--?F5Z(B6Q`B2-^F1$JB3WL"3)YF060F65^F-:MF%RYB/5NF4
M=NF7:<F4>`F8][B71GF6A,F/72F$MEC_CU.Y4G!9#'*)E#ZIE#/9F"$ID2-9
MENZ(F'49F)^YEIC9EHN9:)%)#).Y7Y4YETO9<`M)F41IF&;9EZ&IF)KIF1LG
ME*P9AUO)@I_HEM&(DZEWC)GYF$-UFK5VE*I)EY8)E*ZIF[#IDIQ)D+BYF\[9
MG%0YFF(IG!*'G-"FG):5E-:9G6$96F.9D]-9DM49G9=IG*)9GIL0>-(IFYU)
MF]CYE[4YD6RYG<!)EO1)G?8YGOAYGZ"9FUA)H(4)E<P8H.QYG0):H$SWFLLY
MGPK*EUZ9F/IYFPSZ17\W"/+)F^CGF\'9GV!WGL-)D:2IH368GK,`+F2DB8SI
MGK8IHQD*G[1E_Z+=R:*R0$)(\**/D)KAN9H-2IYWZ9AYR8XZ&@LB,``+,"4P
M^I$J&J-':HPHRI^E^99)"@M%D#`G\R9R0#M@&J9@:@0*4*9F>J9HFJ9F:@1B
MVJ9N^J9DJJ9R*J=L^J9V"J=SFJ=HJ@5WVJ=A2@=Z&JAE6J=^ZJ=KX`"(FJB*
MNJB,FJA?4*A%T@IZ]`,X(`EI4*B8FJF:NJF<VJF>^JF:F@,Y`*JD6JJ>&JFB
MT`4@@`5C-3R_$@(X4`"OXZJT6JNV>JNXFJNZNJN\:AE;L#23,`&[(@AW$#03
M@*JM@`%S$"'S$4R#(*R#4*R","NQL`5<P!\#P`4$)`@4\*+2*BML`O\+C]0P
MB]"M@^`%09,&X7HD(:`'9I``3[`NXC0(;=`$%:!'1R`!)9`"*8`$DO0'.-`%
M4]@)D'0$"5`"+=(%>]`!_%&O%:`D^;JO*X`$2=`B)2"PH!`!9\`'8;`!`N)*
M'6`K%Y`$(@`H/*H!$RL"S'.Q`\L)"X`$#W`$/K`M:<!0?S"R$B`"CR("/:H!
M&Z"R?^`#75!!H6``7/`#"?0'Y+$(X/(#P40!/P`\!!!"@8*L&H$#X=0S>G`@
M'Y5)0`$P33``4U``!;``:02PHH`'X;H%/C``P20`V^(&!:(\8;L`!2``&M``
MS,1<EM`%QV0`%E`D7:`E/0,4;K2D38JWRU3_0*#@`['"(,IC`!5@385+9T'+
MI)%BMCZ`MJ+`)Q_0`1\@`<$T!0Q3!@S@!!)@``S0`7(0`040!T[`/!#P`>L*
M$Y3[!XHTKXM0KW^PI5%B)EL*`S-@!J`02W2R'71"2W_0!LKCNR9`4P:@)%W@
M`P?S"26PK5_2!0S@K((`!A/DNT]`4PC3!25`M)[`,)M[!(WR""F@1F[T`^%K
M)FZ4!/44"B+0`=_Q`Q]00:2["!A@`%#@!/H[`!T``0P0`&:P`1$@!SB@O"^A
M!]0C"%<00ETK"!403GIT,5]2,8(@`JK3"1L0(0;@`^>1-X]PP2,B3AG3-G]`
MP*#0!$G;!2&D!#A@_T^#(`*Z,ZE?4R#GXL+6*\(=D`),T`5.8,,6'$+X0JE+
M^`?X(BMZ$`I.L`>#X`/,U+\GS`1'X$8E4`8?H#!Y\+D,,*L:00`^P`59L`=<
M5,$(T`4-,`%)``(20``$@`4@D`0#$"IZ,$2=``4;H`%9(`%HL$<E,!V#L,8-
M$`%OG`,$D`</$`!UX`4A<`=-[`D:P``$D`8/,$'T(0&6(@A`T@`4H*JLRL@$
MT`60'`*3W`ET(`%WH+=&S#`%L`>@W`4$D`-0``4/4,HA0`%SD(F?P`!H,@!.
M8+(28P5R,`!AX$8^$``=L&(E<`4EH`0?0+4Q00(5\`%J$"%W0#\&4`>T0\P"
ML$JT!8`#(3```M`$K^@)!&`!^RL(`4`[8F,`>4`[/P"K-&(`0WRL%9`$6?L)
M&'#-%0`4$&`!,/"L5/#-]FP`^"P!^FP!_>P)$+`!'Y#.\MHS!VT")#`!$B"K
M!@`##*T!$H`#20O1'\`&)M`!<1`"ML,P:=`!)<`$=_`!7$P"5[`!0OL`<@`#
M'Z#',B$H`B#&,%D!YCL.)+`'70#4W\!*1BP..?4!'P`%NW(!%?T'!`"F$;``
936!/&"`!%3`!`Z`&%=NKHP'2DZ@/@0``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>u50149u5014916.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014916.gif
M1TE&.#EA+@&M`.8``-W<W/O[^VAH:/3T]-'J]>WL[5A86'AX>-'8YRLJ*N+D
MYLO+RZZ4.4QDH:2QS]34U*US5^2OE>W+NK2TM)N;FJRLK*/6[$)!0<3$Q(&`
M@)23DZ*BHMR7=297;;N[NXR+BYE^;U>HS(2VS`T,#$M+2ZA:-)&#>;O$V^?K
M\[:PG':)M\K)R,?%Q:ZXU:.<EH6%A;>WML5K,K.]V)*@QCDY.9BZ0,"_O\MC
M,'7!XN7MS_+8R]B*8TU>(=2`5FB:KOOU\NBZI-%V2?CKY8F(A/7AV'"5I,YL
M/&"?N<O<G[YI/VYM;EU=75RPLJ)Z9'F1F4].3L_/S[YX-)B8ET9%19^?G_/U
M^6IV>U-L=X&,CX2#A-'0T6)B8H^.CX*"@I&1D<'!P:>GIZ^OKTA'1^CT^LR$
M8;&QL8B(B-_?WWZ/O%-24H2$A$E(2*.YP["PL'1W:(F(B>GIZ??W]_/Y_(*2
MOG-R<LK4W]G9V=?6U^?GY^;FYN_O[_+VYS\_/\?'QTBMV?___R'Y!```````
M+``````N`:T```?_@'^"?PHJAH8(?S.&<RT!@B<J?RV'E3.#F)F:FYR=GI^@
MH:*CI*6FIZBIJJM_"`T.L`XH?X8.,PUH@@X-?W6Q#2JP,JS$Q<;'R,G*RZJN
MFL&",@T*?[N9K\S9VMO<W=[$SIG0?]*SUIC8W^KK[.WNJ:X(\@A5M#,(TBVZ
MO.@.[_\``PKDYJJ!P0:)5!QL,*/>N4'I!DJ<2+&BIW"8QJ%0D>NAH(@60XH<
MV0[CH''5>'G\`Y*DRY<PC9D4!"V`*TDK6\;<R;/GQ878%!Y4D2BG/Y](DR*M
M,D_>+`5-Y0A"D0@3@EE*LVK=RK6KUZ]@PXH=2[:LV;-HTZI=R[:MV[=P_SLA
MB$6WKMV[>//JW<NWK]^_@`,+'DRXL.'#B&,IH-JTL>/'D"-+GDRYLN7+F#-K
MWLRYL^?/H!O7BTNZM.G3J$>-L<"ZM04DL&/O$03'AHTS4&S$^7/FC&W;I:#P
M/I7G3&J*0B(H7RY!T`+;`6P\^!,`BF_;=TAECX-GTQD]WL%_(N"GO'DF-=*K
MSR&HPH4,-MY/"9"!2@8#6S((^I+=$_\+?V0`1AZD#&"`#<=-I,,-##:X@R!/
M9)!!`1<(D`6%-G0Q0@9AC/+!!E1L0&`F=AA@G";P@4*>>>6AIUYZ[/U1@7Y_
M7!#`%G&D6`&"@O1&Q00>#.(%%0](T=L9`,)W!O\<&B!(`04/#$`!"X-\H0$<
M7``H2!@;!$#%'[=-0(4>7WAQAI14)LC,@@TR^.`?2@A20`9G+$&A(`E@$H84
M<:P@A7AA4+#;'Q0<X`4%F)0A!1P9Q$F(!GKTX04>\.7AQ1T%&*G)BBRZ^&*,
M[F5PQP47D&"'CCR"&9\=6PR2P`-+V+&$;4G")P``'WB0`!Y/8)"!<'_T00>K
M,!P@B`=24`%#DC:D88.P`!C@*[!J*L-FFV]&N&@"%]"!AY9Y#N*!!EYLT0<<
M@L#0Y"#TW3&`(%00*0`,90B2Q01Z8-!'&O#%*@`%4MBQ*8LMO@AC>S0"J,<!
MJ`Y":X"#)%GCPQ+:8`#_F%(`:",57`@B105_'$BC!@<0.46`-NAG0X=*>-EQ
MM=:VZ:8@CLX)9QG@8N*%%QD`0`<`@NR<*AA@9&%L@`7`"=P?>ICQQ09?O&=#
M`B$.\,$$`Q/LZ7KM<>L%J1?TT;`@%$<,\044PT>%``+`H?$=`I@A2`!L4Y&R
M('BD(<`*8&2PQMUT*R$%W'+#G,RU#@K"!ZEP)#!%VSD/8@`%6WRP!-`A<Z&!
M(`K\*3C>`FSAP=)AF'L`&%)/8$`&$RR!=2:<GF=P#3$:?ASB,]NN^^Z\]^[[
M[\`'+_SPQ!=O_/'()Z_\\LPW[_SST$<O_?345V_]]=AGKWTR"[?]1QAIU*M'
M_\7;&[_%%DD7(,"7K*[PQY>>8!!H&G^`,;4>`"3PQ8GE#[]`!:W:0@4,L``!
M#$`)4-A`*`:@I3\<P`YG2,`"^E>\`$R`#G^@7Q@$)``IT.$1H-B9(/2@,#`L
M08'>Z1`%3[,T3)SA"6^H$9AHQ`7K@"):@W@"M0S$B?BL\#02X@2`Z$>%%_P!
M`%S(#PHY$0`:"(!.7N!#!F!0`0TL`5&;\.$/2Q-$3(SO`W%J%!\(I(0X&*`-
M'_!$;6P3*=O8(5/UZF$#MPB7+NJ)"B`$0W8&D!T%P"\96J1C'6D4D$`*TBUV
M!(@A#\F61/YCD8Q4BR/?`<E(HF62[JBD)<V"R79H<O^39.DD.SX)2K&(<AVD
M+"583JF.5*K2*ZS\ABM?R958>F.6M-2*+;N!2T9"X4M0`%N]^G"TGNR2&[T\
MY-WFEH``/&`*Z/+),;>13$$NLW[Z>6(;0,B3:6JCFG2\)@F2E@`P"""-QB2D
M(N>8RQD*0@L"$`0)HO,$::KSD>S,Y3(%,,'ZT>!5]AP(.-O9S7M2,I\$A:5!
M,XG0A-9RH9YLJ"5Q0+"*6M0/%H")-[,QT/)1]*(@Q:A&(3I*B4;RHR&U:$9?
MLE%F='1[*$TIP5;JDI8NXZ7:BZE,S4-3DMA4&3C-GDYW*E*6DA25)F7D4'?:
MTY'\%)!)/>129=I4D3P5&4'_Q=Y44UK5D%RU$QA\'ZGB$(<MI(%_F<CJ];8:
MTJY:Q)%G2,,%)F@'O?W!`UU`U!(]H:44_6$#%#A#J[(854&R%:1NK8@C,76G
M)YPA`Q6(YP$J\+I/]'4+,,@@@D8@QW8>]J*)I4@G3U9/#V2@@&4X*B:TI(<[
M\$$+?_L#9S?QA03\YK:XS:UN=\O;WOKVM\`-KG"'2]S??B$$1"68"(K+W.;F
M-C^;T$"'Q.#./YAA`7OMQ!P/0`$NE$$/]22L9Y/+HM!.9))]&.P3]*"!S7F@
M`K-")U]I]@0:#``.-$!;9W/Y696.-!-P&$%^H="&"_`A#@$PEA+H`#)1#&`!
M(!P`_UK36E@Z]K>BYI4(*\^PFP$D+0"8@^IXR5N>#`_DJ\90J_4N/-/_"D3%
MU6-Q>5U<R`IO4<8\I?$Z1TQB$PL$Q<6`,?5P7&(=XY/'Y/5Q0(!,#"%/C\A%
MK:EJ96GC'T)9R0!A,BN<++TK&_F@2$XNEO^AY55P.7I>WD9KYZ8%5)19%6>&
M7IJSP0(:D$`#!1##$Y9PBC>G(L[/FS,S6#<Q#`I@PJ'P,RH`[3Q!+\,.`JY`
M'A)P@!&,B!2*/@6CF^=H92C!`W:H9P`BV.<IW[+**^QT,@P`@#@`B&Z5Q;2I
M>8GJU-C!"].146:WH6ID`.`)3YA@'_Y8BDR;8M-D&0`-;/^P!CR`@0Y;B/4R
M>JW862.SUJ?10JO@,P4%*,!1V:"V:*U-36R?1@!+2,`*M&1N4J#4!T4``03F
M36\(F*`(1\BQ407:;M/DN48%*`"XE_$#%Y@@"3)+>)M`X(0QO\/8I4`V6?)`
M`PS\00H9$``8EI&<("C\XPK?`1"$X%-R?[/?I(&#Q3U&;&/H@`,@3X()AD#S
MF@_AX!\/0@2(X%63<Q3ESTN.$1)N;WS+-`0^``'"$]Z#YHR;WX<4`LQEIG,B
M0)D-$>@!TYU^8I^[%.AJ68UKQD[VUA"@%$`8>ILXH(-!I)D($M!ZFYK>=:CS
M+G9B'@40Y,Z@'HP\$XZ6P`YDM@/_KH-B=HA'?.T\`7%22+PK>">JB27@\38!
M@1.JUL'@Y][VPR?^\P<#1>-'\7BN1)ZIG]`!WQG$@1]T@MIQEUGK/P%ZT"^^
M$Q"W3WV@("%N4KAWIZ=J)WXP=0=U_O4D+K(G8F]Y3]3^\[?G!"9I-(`W8$T!
MHOJ#M#^1F\I1P0LV\#TF2K^5X'-U$U*7/<]!(>Y!:+Y-03A^)IZ?^.AO`I.S
MW0(8"&A`!&8W%`D0!]^':`X#=FEA?FVE"6G'>:/0?IBP@`W"`20W?_0W._:'
M(@LU6_33!ASD0>('"F%@+'9``31P:;]W=\D797\@!)O'($%P>>Z6@EB6?@T2
M!(;W!Q5H_X&)EH&"`"#+)`5]0(">4(*#H"B<4%O.E81*N(1*R`8IN%PV``,0
MT"9&``0L0%S']83%Q7P,4@(I\!LY:#!?^%O0I0D:&``;8$0`X`5T`%FC@`'Q
M]`?M10-"2'Y:@8"(]0>4MW:N=PH.R`D1H'8,$@&"$(:?LH.;,%M=H`1\0`UE
M=$;R!0IZ<"):P`7](5XHF'QL4'PW8`0W6`I_R`D_T((WT'2&R#6BMU!#LT=]
MU'(I9H!H@8<5Y0--('M]F`JAV`E[V"!1P`"G>(&9,'JB8(=9(8OFX0-3B"WR
MAXLRR`H_$`$RTXMA"(R8((RA0(Q*88Q'D(P-T@/+J`JY^`E$0/^*-Q`%.4B-
M@V"-H("-28&'15"+;0(!V[<*X0@*.A`#,N.+SX>.@J".G\".2!%\(8!S\9AO
M#O<)]7AX#!`%T5A[_!@@7G=3L'@6D7<$\!B//J!OQI"0M)<>"YF/T(>(+S:1
M9A$[[YAP(%`$+78,'.E\+\(`^-@@^JB#J6AWNT,>(8`%W,@@]H9<&(8,+=D)
MB`>3##*3!O.0_N@)`.D3*Z!T,@,!*IF'+-F,Q_!Y#&"41RF2-:8[/\"%#=($
M&7E^4YE\!^F2OZB5.P8S0B<S20`"^89Z8]ECR'"*H?<)2=D)2TD21,")/!F5
M>1>723:7=(F4$0E4)*D."A!-R>"5@UC_!U2YD8]9#'1).VAY9#YA,7R@1TNP
M!2/03ZGP`Q#8(%7H>L;XDX#YE\8PF81IDSSQ"`-`/W_P`"2@"H*7<(6'":6Y
MDI!)EH)YEC4YDDH!`VI`,T%B"D00`96W=NN'FY%)#$')":I9F6"&"M02+.P0
M!U/P+G#`!Q_H"<FQ>BX8`1.8-7)YFI+7FX:XFL")"@V$`2>S#DH`!@`0`"_P
M?Z)8F[;YB;#3G*SPG)L0G;^YE>PI""5RF*#P6!(B)=V9"2\7<D!PBYZ0FS-F
MGG"9FH,IG0R5"@`2!S2@*R9($4"0G#48`1"J(OQ)CR>J"@!JEX4I8@.:,AF0
M`-6I#')``#9Z_Z,XFJ,WJ@!`P)>#.)ZD(*$:60S^J0DKRG@MBE7M-D<&NI\[
MA73RIG`<H)^C(*3*MYOE::&^R:*L&1R8,*/*@(`A\(X["7\[QPI6JH+.F:*I
M<*2XEZ3'D)=!6E%(-P1E&H]L9PQI6I;(QYM5>:$!FI8N00`^X`0T-V\@=P,@
M@`5'@`/(L*=`R::HX*;2!Z>O.!%$H`,2L!P[`)XQ9P).X)/EX:C'`*D4*GQ_
MNJ5(VJ7'\`,Z\*K+L1P<L`.=FJBVVB!M.01O65&DJJ>2ZH>_:@J4>G^6&F05
M!E)V.F]+=ZO,FJA)8&]#X)<AU:O%8*I8&IBIFIX8&E&B<%$^T*S@>O\#04"K
M.\`!$2`!KTH$:4JMQ&"M1!JLI3"L&,BJG'!11V"K9$"NM&JNRO&J_JH#);H)
MZ_JH\!J#?JJEVAJHVC``5+!RF`@*(%6H/C"Q%&L>9^>KR<>N:%JP#<BQHB"O
MP6A0`/`G?X`!"A0`NZ8*@K,%N:8)N)2"?G"QU9J"&KL*[KJF!RN9@,JEF("=
M,+`$<*!_8/`!`K,*%W--)PBQ*2BS[4JS!)NS.)NE.JNJ;YH),U(C>;"99;`Y
MK."#$#4U$A*V8CNV'5"V9GNV:(NV5C"V;-NV;BLA5I"V<BNW;UNW=1NW<YNW
M'7`%=MNW8YL%>JNW?.NWA)L!/'"XB)NXBJO_N&[@M^\1LA-#,\60!M%A1)LP
M/H6;N9J[N9K;!5W`N:`;NIOKN:);NJ9+N#/*@7\`3?4#7TOP+JI`!QI@(@Y5
M&DWTLW^0!VH``UQP:*O`L`Y;NW$QLN"!`4D#!BDKO,J[O,S;O,[[O-`;O9I0
M`&PT"&!Z1+HA"$$H"%``++818J3@&RP`0EH0?IK@&TD3+$6+!SQR!S;@F:0`
M`#:0)G%@`^ZC"0]@OO7;'7]P!WW`O>]K"@&``38`OJ.6"='1'WJ0O?O[!_5K
M`^E+"G9@OR!4OYFP`C;P+@-<M`^``2!D!]?+$QXP!=UU`46;3W&@-WR61'P`
M!WU@``80)`F@!&U@_PH?\`3/]@0%P`(&L`3W%`<DH`3SL7^F4@!\P#!_L`1*
M$(FBD`%I``9*D`9Q``!.S,0+T,,8I`0'P`<%T`<7L`1!<@%+7`H%$"%@0`)_
M]$29H`%T0`-0$`!I<`#TDP%;7```0`-*T+*BH`0CD``"ABX`,%L>DP`)0#]*
MX,=]H`5]'$\!AD5)T43I"P6PF4\@=#*42P4?\#,`,)M\<`IG\)XRH@3BP4X!
M\"X7``7<:5IE@"AYPF>FL"^#(`6%XP&P.0BPRUDG(P5E,"P!,)O8%I^#,`7&
M00$)<$^/,`%>L`)\9@!Z<#(44`94;`H4,`)!$D'T$\B8`#1AD``#0,T"0/\'
M![`%-C`"X)4`XI$4#S!'[]E0*2Q#*<-N?R``"5##I*`!A!0`6F('`S<(V!D`
MG!4?*0(@%,`'834*&E"<U$%=*S`"<40BK>*U\/P!-#"<I&`CZ6@#4/"Y"]4%
M5Z@?\.&U>2#/12L*!D`#Z<A9D(8B6[``(Y`R4Q`AXRP%?3P"(^T3##0(>C";
M,K0)6Y`=]#,!&?"Z-TT=@BP*&`!N#Q!>8O"A_0@R>6(#2_`C?V#2BE/3H#`!
M%%VR884DFR`&Q@$@8O*Z._T'X3(*:="R!@`%7J`$-$#5V<QG-F`L!\#58M(C
M%S,*=#`"()0&)HW-F`!I>8`'U!S.`G``XUQI2?S_,DF1!0*`!YO<8`A5`4H`
M``:B;1B@`1NP`6J@!0&P`J`\"E,`*39``]EQ`!K0:IG0.@`@<%82!@]P5O-Q
M!GA@SJ00`'Q``7J@*V>@`'GP`&N@"6]PV@-``GEPUNWU!6K`VZ2F'32P`'I0
M+NEHS'.E`'K`!WK0RL7]`$"S`5U`"@%6S&M`S7^0TIC0U@]$`UN0`!I`S/+,
MTF^0`//($\H\`ML$+YH0!VH@(9BR/H)P``?`1P8@`$P="F70UBL0`'D0MF@5
M!UQ0,0?T,F5@`'F08&EPO[5=`33`!Q`&!P*@!(HI)UF@WP"P!/1L!DK@871@
M`%8="HPR`F4$0BUT+!(B1@4E:P#942?UP@+\`KNCH`?$/`)28''C@PD+H.`A
KC4YO0+O@XXI)P0+1]@YQ,$!ZO`YQL']"V`UG\`;%Q`YYT`47L'$B$0@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>u50149u5014917.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014917.gif
M1TE&.#EA(0&S`.8``)N;FT]GH[.SLS<X..[N[][>WI.3DWM[>XR,C(&`@**B
MHJRKJVMK:W1T<W:)MUM:6OW]_5NFQ]K:VN7EY?'Q\>?J\_KZ^E-34^KJZF1C
M8_;V]DI)29>ER:NVTQ0L-[JZNL[-S>'AX=75U<+"PD)!02HI*='8YZ*[QLG)
MR;V]O='1T6%VK(:%A<7&Q8R<PP,"`A44%-7;Z;G"VK*\V&Z!M$9%1=G>Z_CY
M_,K1X\7,X8*2OE]>7L_5YGV/NZ"LS5%04,"_OW7!XM'J]:/6[.7MS['+;R@P
M$82#A/O\^T].3H^/CU=75^'E[Q\>'_#R]W*+EIC0Z?/S\S$P,&]N;V=F9L#)
MWSX]/;>WMVEI:,?(QYZ>GN?HY^?GYV26K-#0T-33T\?'Q\O+R[K@\-?7UT-#
M0T5$1*6QT,/#P\3$Q.ORVX.#@F!@7Z>GI_?W]\_/SZ^OK^SL[)>7EX>'AY&0
MD8F(B/O[^X:.<'%P</;W^MSA[:"@H/?X^W=W=YBZ0$BMV?___R'Y!```````
M+``````A`;,```?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4E9:7D14.`0$]3H<.
M,YBCI*6FIZBIJI8Z/3$Q+DR@HJNUMK>XN;J5`3F#-[.[PL/$Q<:3.BLV@Q`=
M/3Z??Z&"53JQ@C'6,<?<W=[?E@2;+GM_SF8T.H+39BL=9@$5%0%F9NK@^/GZ
M^!`S`31U\@@R$6#=C!L!MOWAX&,>K7T0(TK4Q21`AS],.*PH*&U&11H@:7#X
M4R6`@V@34ZI<*4GA'QIF8B@C:!`A#V:""/18P;*GSY^$1/+PAP,=!!D!/DW3
M6,5$APXV?$3E"+2J58@Y-KG#N$)D@)$<?.%QL;&'C0H]`JQX>+6MV[=P_^/*
MG4NWKMV[>//JW<NWK]^_@`,+'KRJ@HG#B!,K7LRXL>/'D"-+GDRYLN7+F#-K
MWLPYLN'.H$.+'DVZM.G3J`\37LVZM>O7L&/+GDV[MNW;QRA@6%3`S94KNB%-
MN(.[N*T)8Q8!`:)%"P81D!+L-DX=%?,+<@X(*I!D#9\=9W8PU\(<P($=<+!D
M_T!%@"`P5!Z`('%%T)P$!Q(4()\@`1HL!\BA0GO5%9@(<SO\D<!V"3"'X'C,
M+=A"'`LF$`(5;@B2`000]#<(`POPH1]Y<_PA`@)_[#`!A@:V6`B""C+HH!;B
M-<?<'`!@44"%*&C1@"!OJ)'`!PL*@H`2"HS``O\#S/V!Q!1:'!&"CRY6^0<!
M7"17@"`:%(`EEF-@R066?WP1Q1];;BF"!8-,``>:A'RAP1\23$#F'VV(`(&)
M;%KIYY^`!BKHH(06:NBAB":JZ**,-NKHHY!&*NFDE%9JZ:689JKIIIPBLF:G
MAZZQ!@P2)$`%B@TTL$$;H!HZP0\*OME&$G\84%^KA-Z1PA\";""'&PNFH`0B
M>N#:(@6T#F*%&U/\\<8"B+Q@K(%Z%/M'"EE($<4`(%P@0;33%LC&FW^PL$0+
M="[!1B+2AJMHN^XB"F^\ALY++Z'VWBMHOOH"RF^_?OX+<)4"#]QBP087B'#"
MU"W,<'$./WQ;Q!+71G'_Q;-=C'%L&D\+A(=TKEO`#MK1UK&Q"4CPY@16;+F!
M!`BXE_'&^$%'A1+)2?$'!528O#$!*@P0A15WD(""%4XNX3/&>U(1P@,07#%'
M"1`(NW3%6/RPP1\(;#!``0IL8,5TLIV\<6MFG[U:VFH/QG;;@;U]S,<)6*#!
M`0?,V1\0NE@P@+-)D.$&&#7\$(*[9B=8P`9)O#&&J"34D4L"<P"!1`(``+"@
M%$!LF<L4TI*``9%+8'`%`ZL(X<?JK+?N^NNL"^':R08TH>`"&)`@"`@9Z))`
M!M_J_H?N32B@BQ972"O'&A>,<$0&S*<.^_34RXZV)"VPH'L+5CQ@@"`[))<+
M_QQ>?"V\[B&P<`0N$L`@Q0MQ9!`''P#\<<44T*JB.O7\MVX]:QK30!-*``,6
M*(`!<>C9%K8FC`8`X0)MT,`%!$&!!^PB=%M(P8(D4`/)Z:]_(/3#_]9&"=VQ
M@`T3J,$?[O"!71R`#QL@P!4N<($KM.``/Y!9+G0'AA\L84L-^);T0LB_$1+&
M;,2!PPY^@((_H&X7%O""!S$PG0),0"_[(^+TC/B6HF'!?DD85@I^4+)#R&U2
M6=3BZ[CH%A)(@`(0($,4E@`";3$`!.`"6!K5Z#^ZD*`!*@B!=JZ@!C[8SWAF
M9`D4@L#(1CKRD9!D)!3DLD<^KHZ-;IE`"42@G0],H?^3<8C6<D9)RE*:\I2H
M3*4J43F""%C2=1%8I2QG2<M:KO($KW3="6S)RU[*D@"0*`$2:,6'#_P-`;M*
MY$J"D$O6!8&2S8P=71Y`@A+%80-8@,`UU[`G92I"#)$,9S@G.0IF1O.9Y8RF
M"$=124MBLA1;V!ET_A#%?2QL".I$)R;,V4Q]7H*?N7PG)-K)1X%B0@$)H,`&
MR("BK%DP'_?,)RD`^DI_6H*B[F2G.M>IBBS4H&X<TAVK=`911N#SG!.5:#JC
M:5!'$%2-+:4$!C)PA2)A0&E_J,/?2KJ(D_8SI2A=:3-CRHB7:I&HDH@#":30
M!`K\X0="I$,R\1'1H.Y3I5?_9:E&U8G427RL5@@H@`9`\``O\501/LVE12N!
M43ZNE1)MA>E6M;J*`@#!`OW1C^8:=-9$I+6B0/VI4`,ZUZ'.SJ18_6=B+\K5
MPA+V>CU=+%LE"]?&8L*H1.PJ7JHJV*QV5K%TO01F0ZA91*2A"*A-K6I7R]K4
M=H.S:@UL;`?[RM(>8K0@M*TAB-"'WOKVM\`-KF]?BUBK@O:SC`VM)7#;/]T6
M@K?"C6YTB1M9XR87N9-5;B686\110%>ZX!TN-V`+6-I:\JV3B.M1'5M;[X;W
MO7V@+EHIFU[Z2D*]F65O1C'Q7?A.=[S%Q6YEK9M=PUYVH\XE1'_]&USY^M6^
MD<!O_PC1>U_+BA;![F7P?X]!WO/*MKR>?>R%+6R)!6M8O!P.\&Q##.+CBGBY
M&.;OB87K8$3\U</F=>N']SMB[5+"Q#.N\2%NK.,<JY'"$2;Q=F-\"2"?6,B&
M(/*1=UQD%O,8QDK^\8P;#.#J"KB^!!ZP@7L\YA)O&;A0+H24M8AD2$@8A&U^
MQ)N;J]^"9OC,O4TS(=9,Q#@[8L[\\W,C`%V].LM5QGC.<Y?G&V8P?[G"/IX$
M=PN-Z$3K>1!\GC"5IVSD]1XXRY-PLH8O+8A,PWG3;$9U?C\=:4F(FL&D_H.I
M^R=H1A!Z>K5>Q*UAE^!!3'J+=\9SK&<=:%5KNM.K)O.+*__Q:O\.&\)NAK:<
M02V)7_,ZV&=^=J,A_>@DMSH2UEXCMK=LBN=EX0\?J]\(,E"B/#*ZV]'>MK?+
MO&1J1Z+9\#5%%C2IH#="P(YX].:#Y1UO>$_[VP-ELID3'5]3($%G-0O!CP2`
M2$-TN,HN;O%UETV)<+NNUX+`]WM/80#C42`,`PA#L$)IQKRZ_.5=4&<$7D[S
MFMO<E=&<N<UW?G-U/H'G0'?Y$S;Z\Z`'W0X,[X/1/<<("1!'61(XYE0+<7%.
M6QGC&V\OJ^FM98:;@H!-2,$`K/`C!)"!!-VTN(HU7N`59_S*]4;X(T0>7FT;
M_,_2QKO<7:IP9B?=[F[/.HZO?FC_96N]R7]?],#O/NB\-W[OC?!X'RLM;,7;
MV/&VQKRN[9UPSL\]\2GV<N#;SG8Q<US2?>^ZI2T_9,TK8M>OR_7K/<]WVC>"
M[N`%?.D=/7K3'Q[+D&<$[J6K^\&_'>NDAWO'4Q]JT!NCZJE&]K$)[VG#*[_Y
M7F=]E%V?"-B[3O;=MWU1F>]JYQ<#^GTV]JFEGUM#5W_AJP_]NWO/^]US^_35
M)O^]S4\,]$__^%8'@.\7=UR'??'W?&MG?(*'?+YW??DG?HLP?!N&@*)G?_-&
M?_?W>P2(?_N7??*W>!AX@198<!S8><$7@?PW#/ZW?M27?NQ'9UM7@I_G@10X
M?R-X<(R7_WDGJ`B2)TV4EVW:IV;<APC>USK@1X00R(/Z!PD22&-!N&=#>`A%
MZ$SJ!X/69V<_2&Y/B&E1:`A3N#I'*(5)F`@]>$GC%F1;6&I=6`A?Z`=AZ(5C
MB`AER%&(1X/GEX`,6'\*F'Q8>(6%!W^5]X&71W`X&((DJ('+%X>'T(1<)HBM
M1XAZEX.;MX-DN(0S>(!W6(%[V(!YF($."&Z6Z`B,B&9I*&MK2`AM^(9LJ(B&
M,(<@]P>C^%O%UXDBN(EZV(?`5X#E9X?]AX<!N("_R(=_N(&(:("!6(,@>(.1
M:(B%6(P/2(F($(LHAHR#*(FS!XF/IXN@R(K/E8+"L(*T5H7%]O^"W16#SMB!
MF)@*%A`'3*=VFDB+AVB+GHB+Q/B)3.B-IE`#"&`%\21PU<B,RZB,V2B#M0>-
MBXB/I$`!":(%.D1UOAA]+?A_P#B`B6B0NX60HP`""P($PV)&)/"1(!F2'SD`
M'E"2)GF2*)F2)BF2+-F2+JF2,!F3'N"2-$F3,GF3)CD`-;F3(4F2.'F3.LF3
M/&D%1E"41GF42)F41BF4[38)!+`&?Z``;X`(OE255GF56)F56KF57-F5OM2.
MDD`&`E`#7``WQ;&.8&F6:KF6;-F6;OF6<!F7@!(%")``6C`(G3,(<"`'",`F
M&ODM&'`$+40W?4()%$`'"9`_;*`?@\#_!0E@+6]P!',2F;NQ-Y>@08Q)`4=`
M!VF'4&49F%.I`4=@/#N2,I?P!@G``N2")DR'4%L2`D/R!X$YF)@S"A:@!0D@
M!^12`"PG"&.0`'WY!XNY&RV0`!D2E>N2#RRS`!.@!`S$5X(0!E=P`'3@-V!@
M!1;P`Q]0`[^I!@O@09,0`@-P!1/`!\3!`B-`!H/P!F>0`0+0`DL@``\P!DMP
M!;"R`0LP3Y1`!QE0`&"P`6,P`6%P!W0@"'`0,UM#4^?R``*P`PL`!/AY197`
M`'Q0`%<P`(=#`27`-T;R`>HY`"-0`P7P`U>0!+^I!U-7"4QU`%8``UZ`;B0E
M"$+2!$IP!3"P_P0_,`$P,`4P``$2\`+GE@\LD#]_,`5GH"`<BI</@)I.]`:Z
MLY@)H`2L4@D-,`*#L`1.]0<31`A7$`=3P#<EP%<D``=)D):0$`5H)P@B`"M<
MTY2"``/#@VY34`)_L`5?F@2'4PE1L*5_T`(_T@#B40@7D![""0!/VA\"`)Z5
MH`4P4)9_8`43!`0Q^@=[0@(L@#=M\`("\#<O``1K4`(IZ@T/D*0)4*#0.0@'
M@`8&4"$&H#L:Y`9*):&3\`"%>0!-]`7-0@C]>0%\8P5BJ@(*L`36,@D2(#ST
MI#L2(`5AP*4%JCL/A#1(<`$3H`!)8*64(`%E9`$;@`!4L`0=*0@C,/\%*A`L
M&>"J":`"2D`&A4D)";!3?W``="JIA:!)!3`%"_("AOH'+\`&+X`%,!"JW,`&
M<B`($%`#AW.J?_`!VC$"VK$#(?H'`(`B?^!`E:`$+$<!95`'V0E,@[``**(&
M+50""-!"-3`G%50)2%`#TR$`/V(_17(E:X`$?Z!"'Z`&="H"AH1N+RL)2$`&
M<P)68>"I]9,32T``&J`T`+``*A2Q@D`"XE,)0/`""^"C,*`=\LH,21!*"8`%
M.OH!PO0"9_`";4`"WX,/%L``%W``-<!RIQH"3;`$W#0`<G`!$``@5@`'!X``
M4D`VDF`!&4`R->`>&3``:_"B)@(#:Y`R9*?_FE;`!PR@!PA``A4W"6!``GR0
M`0]``&Z@MC)C`1=``H6+-U8@`2S0`%:``@`P!R1@K92P`!O`!P^0`7URJI];
MN!>@!E9``!1*!DIT`$D@LY=P`"\``R_P`'-RM8(``"_P`@,@`C!0`E,0!24@
M!3HS`$REG_@P,AL`!'MB5H(0`J-T)4#@5!9P!H<C`4#`MY00!C6P`VX``:.T
MF\N!1P5PI&AR!A9``4`0<):@`090`G&``6T`!/JIO\L!!^7K.6<`F$#P!9AP
MF%+`!F>")AP+OP=L`4!P..5[."HPOJ00`J/R`,5"`,LZ""`POVAR5W\`!T``
?3"QLIN!@`>I;#&W`$+'<L`5I=PQYZ@WZF\/#$`@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>u50149u5014918.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014918.gif
M1TE&.#EA(@&L`.8``&BAJ&AH:%=75ZMT6>KJZ\"_O_+S\E%II-O;VS,R,M'J
M]>3DY.W)N.2OE<K*RM34U+2TM*6RS[N[NT)!0<3$Q*.BHJNKJ^[O\Y24E`,"
M`MV8=WQ\>W1S<YR;F_GZ^8N+BU>GRH&`@*R7.M!U2?W]_DM*2]'8Y[M^-86%
MA9:`<\JIF8^ORU,U)[3`V(&2O;>:C;&XG<O2Y!4L-_7V]^CT^D9%1,9I,?K[
M_=K?[%U=74].3IBZ0,MC,*/6['7!XC:"H_+8R^7MS]B*8_OU\LYL/'*,,/CK
MY=2`5O7AV(F(A+/,<NBZI+YH/8F)B7=V=H>'A\_/S_?W]Y:6EJ>GIX2#A(&,
MC]'1T9^?G_/Y_+ZWLX6$A-_?WU-24H^.CM?7UYVPN"4D)+K@\'>3GIF9F?W\
M_+"PL)B8F-7;Z?O[^WEX>8*"@K*QL3P\/,>3>&!?7Y/&J6)A8:^NKFYN;7%O
M<'%P<,K7VQ@7%ZFIJ9&1D=3%O+>WM\+*W[E^84A(1TBMV?___R'Y!```````
M+``````B`:P```?_@'^"41&%A02$A2T$@C,1!`2&DBV"E9:7F)F:FYR=GI^@
MH:*CI*6FIZB=%P<NK2XXJZT'!WM_JR8XKK.M$:F^O\#!PL/$Q::WELA_K;8'
M)I9BO<;3U-76U]C'SLG;?RLNS<^5!]+9YN?HZ>JAJRTF[S?M)A$',>'0Y>OZ
M^_S]PJNS9ET`&)"2,D'D_"E<R+`AIH/W_IBH!S&APXL8,V:#>+`5Q&@:0XH<
MZ8OC-A(M#K2HF(^DRY<PN04D1W!7O&X(*<7<R5/DC7=`"?Q\=R:*H)\S+.%@
MU+.ITZ=0HTJ=2K6JU:M8LVK=RK6KUZ]@C0$=2[:LV;-HTZI=R[:MV[=P_^/*
MG4NWKMVW..[JW<NWK]^_@`,+)ANVL.'#B!.G4L"X\8(@D",KGMS)")#+F%WZ
MV<P9P([/GY54ZN/F"10!`1!<<>!&@``W@B!Q(O'@"A0ZLD/I"4%Y80,>P(/_
M@:+#31PZ;KK\H0/%C8X<3T`12$-A00%,"')D@G+E$^?.H$-78B.H`(0%(4)<
M-U\)P98M",@(NK!@P8P%:*:HG^">A!</P\5'&PF5/&#`##DP-8,5PPUWP18+
M_+'`!7]X@$!OU/P6''!_%."$(!/\$<`#(?X10E*Q13C#A8)X8=0?%L01`@IH
M5%+?'VX\D.(?#\Q0`&]>&/`'`B]>\MUFGH4GFO\@=I160`T3_+@>!)444``<
M:W!07AHY=*$#`1/L9V4:8PC@`1@5I($''G$(8@8&.2`@0(0>Y-!!&2%&6<(3
M>FPP!P5P=,$BAL1HN&&'">00QP2M&5#BB95LH,,"`70!(!1-R"$("1)<X44E
M%&S@A!X"0"'(GE!\$,"/9<#I`!U29'*D'TF"MN0?Y'4(011]J*=KE3_^4:*5
MZNTG9@%<F`A%G@^XP6(:?TC0!6_#A:E%GL%R$444(4C@!(6$%KHAAQZ""",&
MCZ+XAQXE%'"'$P`:,(6FC7S``;0F;JL#M7](T80!'<CQX[XYRK&&K$?6*AZ3
M(7100`YI!.`K>^4%.ZS_E,86$&4!36P0@`=YQI%&K']TX#%Z@M090AQ/I)%`
ML`7($8`#>.3`8+C#&"I<`6QT&V8.&@L"J2!]<(%'%SE$"($<7&PA2!=;R"R(
M`W((3*T'3I0`00`"7-%M`$XXX&<F/I1M]AM*I*TVSH0R(,3;<+,M]]QTUVWW
MW7CGK??>?/?M]]^`!R[XX(07;OCAB">N^.*,-^[XXY!'+OGDE'/R8P@>+``'
MR97?W=VZ`B"`=0?K@AM*"'@40$8)%#@A0>=WA^@%%U"P448%(Z)`2@C._I%`
MAP'`;G>(4QS,P0(<F!&"Z>Q8D0`"Y!6@@R89"!^6UYF$V,7K&Y@J00<8%`D*
M_X$"@T%"',IE4KWU7Z67?;2\3>#!!1LP%[PH`7!1@@%7]#$!4YA8'_NZXCY,
MA"@*`MC7'S!`@!"H(7VAB`(4`#0D(5%O@%XIH"8\H*,A_8$VU!`@!K6BP7Z(
M<(2?H%0`F&(`"XBDA/PX(0H[`84%7.%^O7HAOTPXPU$4('@;P,`.,0+#?<BP
MAYR`PP,@D``NL`&`1!RB$9$("CW@84@%P(,;U!7%A1R1BI>`@ATF,`$A!2LD
M1=3'%\'HE#2N8XUL[(D;U0''..YDCNFHH_"PT!@%;`$SE^FC(-$H136"40&T
M2L$`QL4#)J1`#$?R`2&]",8\+)*1XV)"$C@C28W@$?\=>JR<$30PK@$DX91)
M2$$I`>"'3F;DD^<(Y>260(3@,*$*()B5'\1P2>"(P95=5(@L(3<$4@+GEKI,
M6"_Y,`1/%O*-(QS"$8*C@3HD<U8@Z*40FAE,?PRS<4:8)@^(P(`_(/*:LQ(#
M$X"C`6XZ!);F^.;B@%#+<2)!$.=$9\*"<P1W,@2>V9!GXI!0SQ'<$Y_ZU*48
MZMG/=SYS&@BPH/JL9X01`.<(1K!$/A/*2218E`='<"@F."B(+0AI`1)%A18X
M4(-!74*@AC,"0_UI3HY&\@_29"=-^0'#"[!!#5R0P`=R0`8Z``,,\+M@YW(*
MTIUNU*:=1$)PMKD0&$*`=`+_*(`;DN-25$2O#]0CHUC'2M:RFO6L:$VK6M?*
MUK:Z]:UF[<-'><`"L[)!!GC-JU[WJE>QLB`X(_`?7`?K5C`,\0G<<P`!%O"!
M8"`U9M2SDF0G.UD`_."RF,VL9C$+`,IZ]K.@+<`7-DM:S0)``J%-+6@M6]K6
M?D&U5LK".L<)V]J"-@_UY(-M*5N$WOKVM\#]+0Q@ZX8A6N`.(F)$&NYEAE\(
M8`TYH(!2.^$#FWZG!\%X*D>!Z8L>6)<S"O`$4XEP4&,`(3A`($5XULO>\`3!
M$S#<0@T*\+LX2$``4;A?*F9`!1=.EQ/5_:X?L`L,[2:4NZGPKH##VPDAH-<:
M&B+"_TX[T=X*NQ>^4I1`")SV.@=L^!JA#/!W"?P+`^L3P:A0\'<9O`ECDO<:
M0W`P2$=AX1J_MQ,`Q4:(!3S@[/(8Q:=0L759G(DE!*>\UAA"/1L@BAI;^,:<
MR#&(/R%BZY+8%R9&)Y!-(62;$OD24@7.$L[!@`>#PLD5AO(FI&R-'0OXRHOY
ML3"ZS-$O5R+,/&`R.C0T@HQ^`LWM5;,FV%P--X_8QP+><BGHG%`[_X&@P!'"
M.F2L@3,#>KV"S@2A0TAE'L,9%5F^IJ))P6A]VGD('VVH.F0*G')ZXM*8QC`E
M/5%EFW[Z%*%.YJA'46IT?CG&P.GS/HP\3C]S`M87QO%#\__8Z3<C^KN[%D6O
MK_EE%QM;'\:4-(61_9E,8V+3TS"TE9]MW6B'8MK))#*Q>8!D?2@9.'K>!+>[
M+6MA-OO0!99S,-"M2Q:?M]4+^3</KHV)>>_`VY<`MS'$;6MR0W7./&:PP..M
M$&..8,*",#C"+:'P8C"<H[<V1:YU:6Y0\'M6X15XI1TB3HI?0N/U]N:]QYWO
M1$-\P0RHY\H=@N?T9@+FRIXU=3WM\.W>_+M9T+E&^#QAH$=YV:"<><-K#NVC
MVQ0`L]UY1C[J\HS/>^.5Z#@Q/I[0D)=BY+,J^2=.WAEJCD3@[?Z#T]<,]5A*
M'>1%/[#5]0D`MY-$0R%]^==CSD/_6A.=ZN7>^S7%X'>2H!K>@N<VV(56]WC>
MO>QY/['BL=G+%#A:(_0$CL^]+GG"Q_#R^C0[*=!^TWWS?;8\2($?/K_T2+MS
M[H.N?$!1CT[5CX+UWU&[)WH-@B3,%IFSC\GC\UP)W&M:BA40A%'_,`8=7($$
MHC*``R@@`2AF0@\7^!'I*""`"AC@8`'D_35]+PK@<W+SQ=_0`'*Y&=IKI.>D
M1_;D331$*Y!.6!*2+#83`!"P!IH2!?2B"0:@)2&``!22``:0`UZ``EWU!V27
M>IFG97L'`BD`>SPP?]]A?[7'`Q<G=X,7=);@!B\2(L&B'FO0!4_@-'_0-)OP
M`7K`?XNE_R5K,`44`$&5<(&]EX&B!G'%UX'CD@+T%X(]P74F6'HH6`DE`H`M
M>!T+\`0A<(,<<!V:D`-"HGT)$"K1@@<1&$"P10%):%TKL%NP%0$\!@)J^%E9
M\`)RV`!MX(''!(*Z%`%ON(=\J(8J4$\J8'##I5K%=0E1&");`!L!L`4DD`8H
ML`54\`=9N`E<(%%LX`#:(P$&D"POI7[)Q'Z:8!F`Q``JD$H#<(JHB$F81`1P
M`S<-\(JCV``:\#;UI(I,8$IGB')-06Q$X'S?-D1R8$'3YP1<H#MQ4``4D`.1
MR`41H@D;X`!_H`,E(``D$`(Z@%]0($5`N'Z"`$B7L02O.(NM./]7JEB.YGB.
MZ,A(`_`$K%1G3B%C)W""3W<)#X`!H'`!'[()"X`OF8`!-V,)%R@&IZ1(IYB.
M!IF.J)B0J,@'<$..!CD"0O"*#0`$;+A@3E%1P"$"3CB/ES`%!.()>N!]F'`%
M(FD+S95^AC<K?7>0Z,B*0J`!$BF1#@``[?APFC`$E\$`,3F1!%<);*>$3E%F
M/&`#&TEW0L<)8=`#2KF4/;`'M<A(1_`V.]D`#'`9/;D)[K<9PM<)/PE>4&%,
M\0AK^R=VPP!3E2"*HU<,?"1(;-F6PJ``3!F7<KF4-``50V`#&2F6IC=%=J0.
M(@`<1'EI8ZE[.M:7ZK`#)P`<88EF@WG_E(:9#9\1'(MI8WMI2#%!`!?B`:\S
M`Q\0?=)5.$+)`ZZ6"F0I#`(U(59"(0[`(#*(#4X0!1Y0`J\3`&,`!W?@!=%7
M..L6=[M#F%,F"@6@!P50`G*``%(`!T%E`=!X#5"@*4V``4(B`']``)HBG<.P
M`-)%`%-04M=!`<QS%2Z&<:?CFVTV"F!5`-LY@^''!3.0C]9P!2[$!CJ0`%Y0
M`W]`!F`U`:T)#!P`FY=8'KR!,EK!5-IV"J49#-]T`;#A!3E0`@00!PDP`<%3
M`MCP!%2"5!"`!]KR`!\R`<L)#,WY!\]I06<D`-]I%:S&?`9*GH4&G.YI18+@
M!J82A=4@`5<$_R=LH!I.]"E<0$'`<`4'DP!R,`&?<D:3N!4"EY:C<*#`D*#!
MHYPZ\#H5D(_V>0TS``<E!2XH]4$)"`Q=<*'1HAQGY`1:N!4:4J"]Z9B>8)]K
M$`+^%0<$TI[9$`<=A`D5T(S!("U_<`5NP`474J*?TA4.-F:FP*2_($_!J0G*
M:17YE:67T*AX8ZB^<)J:L)]4H0<?>@D04*=V(ZFI8):/V1">B@J@&JI5Q:*<
M9JI-,:JG4*JJV@^>2@"7(@@&4`",X`$%L``>4)*N^JK[4$05X`$)!(W5=WW9
MMWW=EPFZ`X`XH@9/Q`5JT`?TPT6"T*N^N@XP5(\&@``/4`,$T`?"^O\``;`&
M93`'MN">E0`!]@B`8R@%=R"='0`!>I">`'FM=P2,%O2M4W@'&X`'@<J,ET`'
MS1@B%,`;TF.P3[``TU>O]@H3,!2%63B%$F*%5'*D4(@B(4(`P7,'9K"Q%C`#
M-%JM#>NP0U0B#@`M"!`\J?$'&T"!O&&QTB>#):(#$*"?;``!`O`>"_N#(_L2
M,!0`!H`&;I`#;N`%`>`&&_`']N4AC96SFKJNIB(A4L`@"R`%IC*O*-FSUI">
M%D`&")`>ZA&HGY"MZ^H)^*BLG[`!U&J!6FL-$$`E&!``)$``!;`&">`!^K67
MN>D)R8H)LMH)NSI1;4L-$T`""U`#>-H!S:7_!67ZA(4WN,;P.V7`!@%`+Q.0
M%&T*"JQJ"M8*N9KP.U-P@W;P!Q2PK!"@>YM;"IWKN9CP.UM`G%J`(\V(`?]7
MF=#$NL30!!<2!8$J40$@/API<[@[#!ZPK)BP`/1JNW0TO!>1NJ2PNLPK#,X[
M"M`;O<`PO:)0O=;K"]@;"MJ[O:C0O:#PO>!;J*@:;N7K#^+[">2;ODMZO@OG
MOCP%OQXGO[]*OV-GO_JPOI[0OOJKO,SVO^G`OYW@OP)LE,,P07L*H*2S!=WB
M`9G*LP=\#I(Z`TG+K"%P!=?!!LBR!5J`IQ(\P=E01$[C``5@%.%'(0@`C1X`
M(9G0!6V"P18`"9H2_P<60`%7U(DB/,)#-`.\$0(!(+=L\`0Z<`$Y\`$4D+`4
MX%^6``=,42);8`%1@K`$`!LOU8=8G,5:O,5<W,5>_,5\2`=#5`'+20`U<+)_
M0!UN``<9*@@Y4".6H`,61*,>.CU2H`<&,#UAM,,;\9T4*@@),`93N*L<\)%N
M$,'=8RXS&`!]0`)NP%(+<L%\[`]1""826P$8\,A_0*;T:+RT:@4?^0``4@&-
M.\G[8)\D,`7OZ@$)X`#@2@!-X+(B\IF6(`4IE0D&T%BF[`]C8"I/\`2,D(VF
MHEC<<H,"`,>[S!,^#`I+G,Q.8:GZZ,S2/,V<T$`EP`$RN`6E[`$<$#I_P/^@
M8_#-7?('#OQAH4`"'9`#`7"#&@L'("PA0<P(%2``T'A?T7<Y/OH)%#`'.M`%
M!'(%.E"[E4`%027.X:PY3I`4Z5&!U1P"U]R:4Q"UE8`!!>T%;A`KV:$<Y0S-
M=@,FTF4%3]0A0Z1]\D4"B`L'%("X&V`!'O*WH2`'78`&$6@!".`%4)"WPV$=
M(R(`!L`&9%`#!B``#422'_D)$L`%C`#0MA`%OW,)>%RX)TT!=.``%1`K*Y3/
M@*L#'\T&$>(`=E#*#F``YH.X`4`!?;``*]W26)T)9-`$=I`!=I";85()%Y``
M8T0"8V`'8%`?8&`'&)T!G-H3=_`Y?S`%]UQ()-#_!P@0(J?+@NIQLZ,0A6<2
M&UCJMP$0KY(H`5H"`5[#!1'<"0&`I^Y,NIR("3JPV']PNLEB`+`1R,#+"7$@
MR5.``IK#P9GP/(P=`K_S,#R#7)X@!78``?*2`=(UU[$!(1FP`&!`*NGA!GJ`
M5#50V4^!V8(``<UU1I>``1"P+"+MV`:0B*\3"C0ZNG^@!K1L"7+P`'C`/15@
ML'B`F340V)S`A97``9^")YE0`&G`W1HV/620+.C1!*'0`?QRNGV0`W80'9=0
M`!S`W3\2/96X!0$0WIQ`1I60`,%CW%6RUQGP(T&\`05`W!F0`3C-$_(E)&C`
M'R*-":Q1(35``ETP!B\^_P5C0"!5+0HEL)QFD+02(,F64`;1T>.XDL=I_``$
MLBJA@#T\P@8D0"`A*R'XY0$O'N,K!`47?%^A8,8H[J%6D@#)"^6P.>5CD`"I
MC`$$,@6<0XED_D%VT%@:?I\)@,<=OESW$N*Z30"`#144P`9LD`#AC=VQT==@
MX`!20$8D(`5\3@!`Q=6B0``YD``)D+1;8`=Z#450D`%@``8$P`43T%AI4`/)
MP@4Z`*ZBT`4)P`8`FP/%<0DDP`9Z#0&%7K@\DZ-X,)]B^PD.P.=L0.%18@F)
M_>J%WL@0D.A`E0#OG`E>8`<E$`)LH.G"LD-T8%A>P`9R``9F<`4)0`<)<`5^
M;44'M]P4<<`&:2`?Z+`%KL'0UN`!UQ+#Z``!-9`&:VT,6P`'(RXZ>UJF!D`%
<Z>$%%HTO&R"!?Z`%!4W-&.$``:`#MZX1@0``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>u50149u5014919.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014919.gif
M1TE&.#EA)0&Q`.8``.SL[-W=W6AH:./CX\S+RXB8P='J]=75U<3#P_/U^;K#
MV[JZNK6UM:*BHC@X.&1YKOW^_HN+BT)!0>CK\_7V]9R;FY24D_KZ^G-S<ZNK
MJYRIR^7MSU134WM[>U-JI<7-X8&`@,O2Y%Q;6TQ+2PL*"OCY_'N,NO+R\JFU
MTDICH*2QS]K>[+.]U^SP]MWA[='8Y]7:Z8.3OG>*MQ0L-UMRJ2(A(FV!LW*%
MM>7I\N/F\(6%A7>*N)^LS:ZYU2@P$O;V^Z.PSX^>Q96CR)BFRL_6YO#R]^#D
M[\#(WGZ0O%]>7L"_OZ/6['7!XLO<G['+;U965D].3HF)B3X]/<_/SZ"@H(.#
M@VUM;3`P,/O[_._O[\'`P7%P<+&QL?3T]"LW/$9%17Y^?5A75_?W]]'1T9B8
MF,'!P34X*>_TX6-B8EE96%%04/#P\.GHZ'=W=U!/3^;FYH^/CZ"?GX"`@$E)
M2)Z>GOS\_;K@\*ZNKHB'A]+7Y\C(R'^`?Z>FIIBZ0$BMV?___R'Y!```````
M+``````E`;$```?_@'^"@@HJABH3$X8H1H,*+R^'DEB#@PD]AD<0E9R=GI^@
MH:*@+PJCIZB=B*FH"B&LE8J4L+2UMJ`[-#:[*R\I-@\I0X([*BR[P;LV)9PL
M'@]#01X[M]76@RK4MSP]MRDOUYP[&K:^/^'HZ9W%E;Z$*93L@NZ>"AX?@Q`Y
MZJ()$^K9JA%9X0V<NG'E4ISCQ_":O'DI!#DCIF(0/4X0'O#XU.((BA";ZKQ(
MH``?I!<X+'WXR.S/R"-'ZN3HH:#%GR(W>AA<@>+(PD$Y6+"PZ7*"`@4)!/WX
MT*.`MD$N)JQ04.0/#II5;Y[$X2+E'Z,L7`B2.I/@GYDU!7WCE&`ER#\K_XCB
M2)G@2`^Q<*4B'<?TWY\Z(3X*6D$SJ:`\*(`H_$/DXZR&D%'MN*&A<@M?.W9X
M>/7GX<5*+M9V:O%@1X$'!2#\2(%DQX,$OW)U2_#@1I`'2#:E".)Z!>X'#R`,
MB?U'`0TA-W(/*D$#R8T':FVHL%'@3PG@MY\2B^'ZD8<@2%Z[H)'KQ@>$1#S$
MB.$!Q1\5'@KP\+#B>GCH?T0+(FT;-P0>,0AR@P+7F1`$#43\88,)KH60BP8%
MT$#);4(\@`)SX6G#`PT%W*#0!QX@9U!D)(;B6F8[3.!+93'0`$-G%4'D"0SZ
M51)$$((4@>!J1_QQSEHT_J"""9LD8(,I*6Q41_\)C:S&C&CW^/B`6=:)Y61^
MK^3AP1\]/,!,0)5,!D$=$.P`A"`V?*""$%_9T!DY%A[F@1$JX">#"DSZF,*3
M(_X!WB8Z*N""!SG`X$$=/;CY!PM(*%A="66R"4$*,`QJDQ$>E%"5+R6TD`)!
MYMBSSV,EEBI.C#(*P@,UGD74R04T=+,./A2M-J)H*81@`JI#5*1?"P`NAFL,
M!12+5XY`Q"`L..YH<.9[VL$X2`HW%%L`3#:$,$2C"*5@F(*1*(H0L,K^V.<.
MM/[1ZQ\Q!!&#>W5:NY%T@R"$Y0OQ68O%!!IX^$,(KIKSAV(;F6IPF*BZY.H?
M0K"*ZF>5P$?E'V(A@>K_`Q_8.BTX1:2`0S2#F.">:`FXF)^Y@GA@2B<E][BL
MPG^@$""TI]9+CB";F`"-30A%^4<+]$U'C`8EO_CR($BPB:9[^'K,)7Z#T#NT
M6A^LD()??Y3L@CF>,B/P60_T>/#!DU6F@1$K:K!#"J:T^@D$0>QFR`TT4.P!
M$`K$X*7&:@FA@`PFG.6!!@J<QJ<@H>4`,$$/!-$###W0`,20(X8&`XU&,QM1
MR4)D$^U#`&N@PK4=YV'SHA[T<$QU0K^9^.+Y]3DHX2VV9,/,S,6@`H`*HFIO
MKNP^8,@#XTW0`Z7LWJ!"W#^@P,,11XY]<"&'Y*#((68],H@BH1"A@0D%J.`5
M_PQ"(,%#4EBLHE8,NVY"\1`F:."7^ES&4'@W*Q0@1"-Y%\!"'95@00Q8$`1R
MK()[-SG$RAS1IQ`4X%U+*0V'BN`*07S`73T`X`M80(A7],!^!>@&_08C!!/P
M("M_"`&5)E!"#8B%!2.JX'OV40(4)`T?//!?""5R""P8X7LJ<)_TADA$M?2I
MB-:@04I*8`,.(O&)4(QB.FHD15J,XP4?H,$1J\C%+GH1&UC[(BI:P`)#;%&,
M:$RC&M?(QC:Z\8UPC*,<42&#.MKQCGC,HQ[WR,<^^O&/@`RD(`=)R$(:\I"(
M3*0B!3F,.3KRD9",I"0G2<E*6O*2F,RD)C?)R4YZ\O^3<00@*$?)22Z(@@(,
M`($20#"&`+#B`&IP)2EG>4DE!.`.%1"#()2`@"DP0`]_6.4J`Q"`"UA@"G^@
M0@8&4(<XR/(/=S"E`-H@"`J0X0`!L*42E*"'`YR`#*Z<0@:$2,MR>E&526``
M&00!`CU(X0`C^`,(5*E*)73@`%:8@@0&(``EX`&9?ZC`'?@`APXP0!`8"(``
M4KE*52(@"0?@P`FN4(8+F/.B7:3G*MGY!PET5)X:5<(6_I`!.G@4!'7@0P0$
M404V`"`)JA2$"!9`4WJ"0!!A^$,'B)D$-F#TIU&DPA2$2@5!%'6D(Z4"4:<P
M!01T``P72.H8.K#./PR@#6W_&(!0!8$`*[1A#4]5JB`RT`$=_`$#&#@!4-?*
MUK:Z]:UPC:M<YTK7NMKUKGC-JU[WRM>^^O6O@`VL8`=+V,(:]K"(O<4;YN"`
M`23VL22RP@("@`;(6I8A$M!E#3Z1A6UZ]K.@#:UH1TO:TIKVM*A-K6I7R]K6
MNO:UL(WM-K,0CLS^8;.>@$,-),#;WOJ6MS,(KG"'2]SB"M<+OTVN<I=KW.8Z
MUP'+C>YR'>#<ZA)7NMC]K1>LR]T99/>[$O"!>,=+WO*:=[QF^*X2PF$%);PA
M"9^8YRB8X(?ZVO>^^,UO?9>`#OWZ][\&"(<!_DM@_*)C"05.,!/0X80^./C!
M$(ZP_X0=W(2##6`$<SA`?&\J"OHFF,#\#<>'"QS@:PQXQ/\],(K]N^!P-'C"
M,)YPA:LHWPZO6+\AOL:-]5MB:YQXQ_=5,9#MV^)KO#C&2*8P%VL<"@\/V0\Y
MML:3[=OC:OSXR4)^<I&M<>0DQWC&4F0R*)P\Y"A78\KUK?(MKCSD+`]YR]7H
MLI=EO&0.-QG-9KX%FOV@9ENP&<AN!C*<;R'G.4<8S%$4\R?(#.0\VV+/?:[%
MGW<<Z!T/VA:%-O2#$0U%17N"T3MV="T@+>`]5_K&EZY%IC7=!TX_T=.=`/6-
M14T+4IO8U.%`\)1338M5:]K52(0U)V2]8EK#PM8^QO4U=/^M90:SFLXTMO.8
M\=Q?-$>:%I.^\:E7S&M8^-K0P"ZBL"M!;!0;FQ7(MK*RK<'L-SO[V8>N\WRI
M+6)KEQK-VT9QMUGQ[3F'FXCC'D2Y1WSN5*1[S>NN1KL%_6YX;UK>-IYRP5%Q
M<#\G_!8+MW3#'=YJB-]9XM6>\K5AD>T5YWO$^TY%O[W\[R$&7!`#__#$3U%Q
M25_<%AE']<8=WG+IO?P/,4_PS$=1<VS?O!8YY_;.X=WSL?T\Z`4>NBB*3O*C
MTR+I^E[ZLYM^L*?36\?VOC6^<XWFE*-BY4GFNL&\#O)ZB_S>4S[YA\U^"K0C
M6>VF8ON3I1X*JK.BY"B6NX*USFK_O)=*[V4.^9-'_G>KPP+K*"?\KST^[;:#
M_>UBCSO9=RUY<%-^T5^7<MB3/?9EE[WS_O[\IT-_YM&KN_3L/KV+.?[P:,_;
M\J+'/.DU;WK.SY[V';=]Q/>N^"$S/A6`'['@"TSW4=C]RZJ/->OU['J$PU[A
MLC<R\(,?9FF#'O>MU_WK>1][WVL?^(8O$>(;77P@'Q\5R?_P\@G<?%$\'\;I
M)]'Z0]W^';__%/&78//W7_47"O<';=UW>\3G=HL'=UBV><WV>[27?Y&Q?[/6
M?S?V?Z,0@`4V@"R&>BP7?<,V?8]6?19W?1B7?5RV?128"L#T!\3T!P=05%.@
M2YQ@@<6&_X$KIH&BP($$YH'Z58"@<(`2UH*G8`%O\!<.8$M24`5;``%6T`DX
M:&XZB&(\&`H^F&(0Z&X2R'%&*`IB\`2"(`!)H`1ML%Y7H%,:5@E32'!5.&)7
M"`I9Z%]`F%]"^`E$&&\-@0`"\`=1T`%)0`5JL%X>E0%5<(/>MWK@1WWB9WWD
MAWWFMX+H!QEF"%(2``)G^`=IF$J(J(")QX#&YX!MMH4,UX4\!QEZ`%_LI`0$
M\`0-$(5Q$`6=.'R?>'D-F'D/V'L1>'X3"!D0(`*#$`"T=0`-@%``,(L?MX"V
M&(JX.(JZR(6\Z(61P0!KV`E=``92F(C2MX@EV(@G^(@I&(EQQO^"))*$GN!8
MV>B)[`>*[B>*@$:*&F>*3">"Y$:"HV:"-H>".*>"XSB)PI>,M9A[M[A[N5A^
MNRB)O?B/E:>,`LF,!.F,!@F-""F-"OE]#!E^`SE^!0F)!]F/"9F`M+B.R]B.
MS?B.SUB*T7B*%:F(%\F(&>F(&QF.'4EHY+B2V]B2W?B2WQB3^RB.-.F/(`F0
M(MF0)/F0)AF1*#F1*AF4"QF0&.F0&@F1'"F1'DF13&F13NF24`F34BF35/F3
M'YEHVCB"W'B/WIB/X-B3,XEI-7F5+)F5.;F5.]F5:OF5;`F48JF._,>._N>.
ME`:/.B>/6T>/`F>/M8:/1J>/2,>/8&G_E7D9DGLYDGU9DG]YDO&8DO-HDV2)
MDV:IDVC)DXOIDW<9EITVEO58EH=YEHF9EJ&YEJK6EH\IE)%)E)-IE)6)E)>I
ME)GIEC<)EYTIEY])EZUIEZ^)EZ6IEQ?(EQGHE]H&F$HGF(5'F#!GF,>&F%6G
MF%?'F*/IF,<I"G:P!.`9GN(YGN0)GG$("GZ'?(['"I`W=R"8=M+91>D)?^N9
M"NTY>-`Y>9HI1O,)@/6)"O?)?.]Y=_'Y"6Q@45E`6P2P3=@$&?VY@?]Y"@%*
M?P,*??LI"M14!QP`3'*0!%<`!R!``0WQH*+0`N5YHBA:A_AUAYZ0AQ#VA?SP
M<Y[``!;P!W#`_P>5X`!BH`?%R!`DVD832H`5BG\%V@D)=5L2T`8`Q``=(`CQ
MY*/6.4=!^H'YZ7D7"@H2T`5_X`!_T$]_P`&T]5%0JIJ.-*5!.*0(&)NLL`6.
MY0!E\`78U(>"\`4C&J5R9*9VB*9%6*2<P`?K%``@<%`'L(8'0`=U2J92JIVU
M<`8;T*B.^JB0&JF->@:1$0`,0`!JH`9CD`4"X`8(0``'A8RP0$V?4`5:.J:>
M^4AXNJ*>U(<B\`9*$`9T0`<4P*4"8(.#(*.><*"?\$S\\*-LM*KWQ:)O%`!J
M$%!)$`89(`+KQ:5P4%1L:)I?!*QK)*Q$UDE*@`%_$`%R``<8P*Q;^O\'G!BM
M;T2M:F2M]46L;I2M?Y`&`S``$M``%G`"7,H%WJ>K4F2N:82N?J"N;00`;O`'
M!"`%#J`'%^"AP*0#"R"J:Z2OHZ`'"ZH$R"2,?_""D,&O_MI&'4!.G%!9#*M&
M#AL*4?`&%0`"<R"+,75-D8&QD2$'>E`#-4`"!_4$!FM6!\,&Z^4)!T``Z>A&
M(?L)434(29"$,76P*ZNHU\`'&2`(62`!$!`%-?H'#9"S8H2O4?2SGH``'#8%
M<AI3FGBTHAD.<R!*$<`'=5`#5F!*L)1&5@M%6-L)&_4'23`&JR@(7'JQ2&L-
M)"`(8O`%%#``8:`$$O`&7>!1:-2V3V0`BKO_N(S;N(Z[N"VA#GIP4VQ`IW7[
MM7@;MM>`6WQ@5ET`!740!@,``(9;M=)J5T'+!M5(L5W@L0W!L@VQ!43K4W]`
M!E"`!W^@M6Q[NG;5`-7("7"`CJ^;M]40`++X"3I@CJ8K6,K+"<([O)I[#64`
MM#R[NX_$!@$``'A0HPT%`@1`NYL$NVZ%N%P4!6+``60%!U-`!QWP!6+0I)S4
M`H\[O_/K%>/+NVC$J5]Z!R``!X)@!=-K!6%Z699$OE)$!3=E`5=0`^N%!5^P
M"7<`K01<208<17AP4Q)P`ED`C'2`H^**NQ-,P?@K1GJ`C6U`ANLD!2+Z!Q9@
ML:/D6`>``'\!L3!X_U<5'$51:%7FB*NN.TH!8`$9,`(ZT%YXD`1(>+QT=<-0
M=`>_6PD'X,&D)``'``*F1`*;H`10\`<B0"IQI<0AC`IB>``U(`5IR,(X&JAU
MY<5?/`I2,`@64`$RB`:;``(@/%=JO,:AP`%C!040D`4.``>T"@(+F\0CC,>V
M@`$:-@5:"@">=0%AP,5P=<>&O*LKY0D!4%6$/,F1\;R5X*MV7,B:O,:2',J%
M-<JD/%BF?,J!E<JJ_%>LW,I]]<JPO%>R/,MY5<NV;,.@G,N(A<N\[$D``$RV
M]`=3P`&&&E!H\`8$X,D@]<N`906Z%%,2FP8$H`5H4`8!*Z?DZLQ]I;_R1/^U
MJM1>7ZL#5,M.N\S-;-4`'.:U=9`&%#`'Z]7&_`N\YXS.0`6BEVL%6K"M![59
MXVK/@#4%V/C-?\`%-9`$>!``4H`&-6H!40O0@*7'H$`!LF0%*PS1?Z4%36S)
M4(S1'OW1(!W2(CW2)%W2U0`!%<`!:##(R50)<O`$,AP`2="D;X`&;2"B\U3.
MM,`&>S`"6Z!A>I`&'6!1?_`&`H`&CK4`85",>A`&?SI/1&T+4X`!0BRB6J`&
M_LM53P!5M1L&&M8`82#,(`#'U<`%:+#4^2#!"\`!-4H!&"``(MH!R9Q,@JQ7
M6X"[7>`&=R`(I?L'9?`&;1P&`1`!9!`&!%`!LHC_!@!PT;0``2,`3`H-`&70
M!7#0HU,P`$J`!FL@!2<`!6MP!2<`44I`!0#`L:R@T$G(`'/0QXZ]A@M``7+0
M`*EX`AD&!1,E3P&P!M40`;>*!6T@!X*`!Z6K!'6@!@@0!16P`!A`!A%``&G0
MI0!PJM4``'10`>"K!%$-`24%0&R`A']P`A8@2U.0U6E$NH-P`9;;UX*@Q\!X
M`@+0WA[E`#UJ"UP`OW^P`#;+`,<L"*'-KES@K07-![&ZS[>`R$(KPU,P!VHU
M"/I-Q1T%!Z:$`6\``G(`OK4P!U&]60L@W)R``8*K5C4@`&H%C&%@`9`,"PM`
M`C!+`F1-`L?(3DE0`V&0_P4U\`6;50-00`)9<`$U<(AJ=`!];;CJG0'8F,4:
M:N0>-0!5,-"U8`%V%K=(70F2I038F-E5#@<4S0$`50M/L.!GM5YW(`$730$C
M,``Q)0%HL%Y@,`4GH`4.X.6T,`<Y^@97``(UL.44X`98(`$`1`(<`$`!"P""
M6`T70`*DB@<D8%$D`+X6!0(.L`!I^*%[>P4;3@+3NT9S`%#LR]>5,`!IH$LC
M4`?V-`(`,`5B^`=L(-&U```CH%87@`8R'`'S+:[8>``!NP=ZX%%P,,A\\-"T
ML``CA>H.4-I_T`9;#@8'90'^^P4,@(T20-120+>V@`:F5+%?@+-*<`7**\5_
M\/\$4P``:M`!2L#J@E`'>WL+`T`"@ZP$).!8+LX)7]#!'B4!<["W$D`%-7`%
M)%#M:30`3R`!(W"KG(XS9"P!91`'<R`%`\``O#4%?*`&5Q"JMK``(P#P-5H&
M)(#F@A``&9_!`@`%.;4'4)!9'0#Q<$X+(%#Q:@!,&*`&3CM6&8\&8B`!4``'
M8A`&4`#<<S`":6#:J<"I<_`%80"^I4L&&;\%^B0%93``4B`!##`&4.``ODX+
M6&#H@A`!)$`)BUX)#2`%$`#IFJ@#DTX%)*`$5E#/0T0`89`&TAX*`;#@HRL(
M!S#`MP`!#<`!6W#RG0`!!T#4??\'%U"#U]`%'9`&%E!X!Q=P`#X/^&N8^(+0
M!6.P^*S`3VD@\:```.9X`NCXKM>0`23@``Y``CWZ[AM/`E<@`1S_!"1``37`
M`23P!M!5`_S.1F\@^0<#`<V+1&+PXE"4!=)=1`'0`1D/`EJ*W<'8R`<`!W3[
4P\C$!F3`TB:]5FP0`;-?1($``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>u50149u5014920.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014920.gif
M1TE&.#EA(P&D`.8``*NVT]'J]<[.SIFGRC@X."57;;.SLT)!0?7V^]/3T_[^
M_M_?W\3$Q*NKJVQL;*.CHX&`@&5ZKXV-C9N;F_KZ^G-S<_7V]4ICH'M[>U1K
MIE-24DQ+2XV=Q&-C8^KL]+K#V]K:VI.2DEQ<7$Y>(LS3Y>[N[K*\U[V]O>'A
MX?'Q\>KIZN;FYLC/XPD("-WA[EQRJNWP][BXN"<F)GJ,NOGZ_'*%M865O]G>
MZ^/F\=;;ZM'8YVR`LZ2QSW6(MW>*N.;I\H:%AJ"LS<_5YN#C[W^0O'7!XJ/6
M[)BZ0+'+;U]?7U=75T=&1D].3O?X]V]N;N3DY'Y]?6=F9F:QTFIV>_'S^.CG
MZ(2$@X2VS**[QC(R,IB7ESX]/82#A$E(2*>GIXF)B8B'AX*"@KK@\/3T],78
MD_S\_*"@H*^OKWEY>.OKZ_;W^^SL['%P<-?7U^/CX_O[^[N[NQL:&K_'WK>V
MMF%@8'9U=<C(R&AI:IZ>GMO;V]S<W(!_?RPK*\"_OTBMV?___R'Y!```````
M+``````C`:0```?_@'^"?SP7AA<<?X<[<H(\/HJ'ASR#@@H\&88O08(7")65
M%SJ@H#P#E2P7I*NLI)ZML+&L.52RMK>XN;J[O+VM/#LZPCB*)CHF%R2$D,(Z
M.QS"'I54$1$D5!Y"-IV?JZ*PIJBJOJ"OY+A$+.?K[.WN[X_EHXH`RY4^E*0#
M+[6NW:[S6(4;E,J=N7<($RI<R%!@#P00:133`>`%#'N#\*W:4<_;IQPU+NPP
MT<G'BP@?_I#8<8%(K8&"4LW(X(/8AP$`,@21$R&##8D#@M3(<.J/!Q\96/[[
M@X!#AA<FJ/@0*>3/!PXV?*[,4,^%CZ\\)%8D*FA`#JM??0RXRN'%C'X-_^/*
M;5AH4B1#,VY@%*31E3I!'WCPD.;I1X8/'EB\2'F!!XX/&5S(87$C0CV8?U*Q
MP,%AQZ7%)(0$(7$#ZA\?,V!XR'!#P8X!.&X<_#/`AXLA.4A\N#&@!J$7.&!$
M(`)#2`88.D0)Z7$*0([D+DZS(/&"A(D(5'B\N(&@!J>YX,.WBQ=J7I`,9<CS
MS0<J`LFR4T=Y,K%-D`E(W_[T>.\BPBG,!?V!PP4N``,*"Q%0TE<P.5R@`#>5
M9!"0(#`,L`-&?8F2G""K/:C`!]_XP((),QCEB8&T02+>BBSJHEXG\U!Q00XO
M]@4*!Q&\49XB")B0"&#XS>.#"3=P5,-_1<4TCO\'!*H'D@D]*)A/,+(-,EM^
M?RA`!`<?7$A>AL*,@\`%-,A1@QPALE!&#SW]=V&*+<8IYR_!"*/7!<;HD)4:
M-;)7B0<OU,`"#,5]X\F`5?V0H"(L*,!"!D/8H""2XJB!@(5[^9!2#5(*$HP"
M[DDTFPTVP%#&$%"JY*6*8"9'`PT<$/%'!L2D^4<-)EQ$R)NUS>GKKW49<N$A
M-.G5)RL>.&5(!L3Q^(<))Q$E4007/)42M$1$\`*-2?Z10R9)1:?>/C94@\."
MH^`0DB%+P=!#M38,X181&9CP93X:5IM!!!>5FU4-4K%`0PT1<$#");RJ^.O"
M#*]#PPU#2$0*#;14\D/_#A+_X0(5:@S!RALWN/#@*B[00,4/O>`@\A\P_*#`
MRJTDYT%T@H"L@`=PV4"$$-!VU/#/0`<M]"`;RO+"7U@-K?323(M7="PZO)!)
M#=(T;?756&>M]=9<=^WUUV"'+?;89)=M]MEHIZWVG($)YO;;<,<M]]QTUVWW
MW7CGK??>?/?M]]^`!RYXWFL7;OCAB">N^.*,-^[XXY!'+OGDE%=N.3M]E!"+
M%W]``$$,9^12A@@-7&XZPP*4(``*30A2P@)Z-+'`'WUT#D$?#/Q10AM_+(!"
M%7^LD,8@%B3PQQQ)4""(&YH+T/L"*P"_0`I_4)#'Z=@C=/L!7MPA2!\;U`&%
M_Q-V'&!['P><X(067T"`@1)_$,#Y'R@H@4<'>"C1^AE?.+&`^9ZKP`2^(($[
MG*`#(0!!]A:XCNUU[GNWZX,$`;@]"%#/";>#P!_,`(;O&>`/3NB#!COW`#/\
M[WQ_J,`?U@`!$#A!!0R,82\<.$(12G""YSN`'CK@A#-DL`EH<((@4D`')X!!
MA()(@`:<H`<GM.]V?VB`$SJ@!PG0P7@RS*(6M\C%+GKQBV`,HQC'2,8RFO&,
M:$RC&M?(QC:Z\8UPC*,<YTC'.O9"!7U0GAWWN(H2$"`,&N"C("MA@`G\0034
M&Z0@C]@Y.ZQB`9Z+I"0G2<E*6O*2F,RD)C?)R4YZ\O^3H`RE*$=)RDKRH@$/
M^$,'UK"*/LA`DU,H@"QG2<M:VG*64RAE)&_)RUX60)>[]*4P9\D%8,9RF,*\
MPQZ`.8)F.O.9T(SF,SG)BQ4<P`#F:V4V81$`/WCSF^`,ISB_&8!V%&&<Z$RG
M.]+)SG`6H1W=;*<\C=`.)!SAGOC,IS[WB<^&)$`+*V`%^F0!`R,8]*`(3:A"
M#ZJK=9Q3GNU<)T39^4YVQ'.BZ*0G.^S)SXYV5$X#Q=I#,3I.B9)4G!5=QT5/
M"DZ-KH,,2(BI3&=*TYK*%*3;M-I(6?I-D_+4FRD]QTI_ZM+'A?1J._VI3W\:
M5'(,E:=%==Q1=?I3<"Z5ITW_]<5361K5QDV5%P]P@Q.6`($R2*`A2>7I55F:
MU5YL]:1=9=Q7==&$.OSA"7_@PQ\FX,B%I)6E:SUI6WGQ5I+&]1T-H(`&EB"`
M%<0@:'/-Q03@,(@L_$$`=&#(7T\:6)(.=A>%Q>AAVY$`"92A"6T0P1\<P,J?
M11874/S#`[3PAQ3D%"&;)6EG,?I9781VHJ-EQQV<5X(H<,X`>`#::V\!13W`
MK[:W?4=N,;K;B?8V%[^%:'#7<0#JI:`"4*!=(%T;W5S,P0`*N,,!#F`&!J!!
MLU7M:3OB"U1XTM</VSU'=Q]D@4#V8;P-6^XMA%B)+^@!OO2M+D2OBXOLSK,A
MPQ6`_P@T0%GD*K>\N;##]2PQ![3>5\'R9/`M'-S._)*CM*!@[86S-MV)@KB=
M(K8%B=EI8G(D=A".A2R&A]9BB+JC"$`.LI"'3.0@UU@6,T[GD=4FX*#U6)YG
M2W)&)==DH#TYH@LI0^D64#M5T@$%;LC=0J0\SB6GK<H_NS([&;('X"'Q#4VP
M`_R<,(8QW]?,:$-SP]2L3H4H8`D0%(0%('#<5"J$S.+$\]GTS#`^HW,A(%`A
M[4:8@BBD$HF'OC/:GE"&/F!Q`;F;'2D8O3!'EU0A"9`T$OGKWQ$F!-'A5#33
M%M``+4A@"7T`P1;"P(85T!84I/Z5J<6YD#\'6@!;R(+S8O]@!CO35]9+BP+O
M_G`"":#A!'^0P2%U5(E@^VK8X61(%%K'BEX[.[[05MIS_X`!`72A=N:+@I@'
MT8<LW/#>^,ZWOO?-[W[[NP]2N.^_![YO`X10WV=P`,$7?F\LW/<*#(^XQ`?N
M/%EL01!V4&$=L*W7.G29WCL6&KBM:C98M_1L@50!'[1P!CE/P`%_H$-?0<[B
M#Y=<TV:K0P*XW`=',@`/=18!MVDN4IN7S>3?3/?05&!H4B0@=,`.N9.-3C:D
M>U/I0T,!*P(Z:JE;F>ICLSI^J>SU-(-=;&+'>MB\/:>1R_?H.(<<V^7D=F]&
M.>Y&+?N>SQZVM).]Y@F^^;/_7O3_P,-]\)&;>YSJ[H>[(U[N>F\TW\'F]\1'
MOM23_UKE(0_X^#H>W81':N:]MOF\=[ZJGZ^JVL&F^!8Q/O5$#3U5#5]UO$OU
M\L(>?==*?_O3*U7PH+>\[]4*?-6CK>)ZF-T9N&`!.^BQV[C_MNZYQGNQM2&5
M"C@`[I1@`/UU,.K#!VSQ8V\V);@!A!OH@\+S^@<EU!GZX>?L^*%Z-B;L501*
M^,*[_W#Q]7?;WA,7@`)X0P%'7P-X@`C(;PY'7Q"7@`[X;Q47"Q=G!WU`!UJP
M!X^E;1X'?H7G>?/'52A7!H)P.[I6`5;0?A'X/='7=M.W-=47-D#05PN@.:`F
M"!W0=?&G_UL?"%=GTP0A(%!8!'\=B'H[:%BRUS2O5X2B=81,DX2'%WR<-X2_
M]X3&)WQ22'Q42'Y1*'JT%W:VYU4K2'<MJ#4ON#BMQR).6'N/9WI7*'Y92']6
MR(4>^(8@&(>S-X=J"(5L*(=$2(<\:(=(.(994X:*<X8KDH9>N(:]UX;R=W1%
M]HB0*`9,N#2(J$@!%H:+)XB6*!Z&*!Z5N(F_THGA\8F@B!`=]@>FA8I)H`<G
M`$,<R(=36(H*T0>E<P?-9@`8D`<;H``8@(.,J(.RJ!!,D`)MH`&L%`6U8UG&
M^(IWV(?!B!#V!P%+D`05H`&U<W$5\''?`X`/V(WZ5H#QY8WB./^.Y%B.%&<+
M@`8!9V`!!R`!#5`&&JB-M(.)KJ>)SX@+3$`!;K`%2S`!*K`%7=!L2K!A1`>+
M6'B/[F`&V#8&"O0'%G!@J^6+!NF&"-D."F!(JW`&HB:$$]F(%=DBH@@>I(@V
M)9!(E>`[IQ.2<S&29F,!O;A$4&<`2S`&X74Y*BD7+%DV7M!A#J!'";`%YE,'
M6F<Y-QD7.4DV%3`[$K`!>%`"2O``6T`!9O`%-DF/:&B/7M,%[_<&<=``!Y`%
M+5`%<^!JE%.4'M:%:L,&;K``!F`&XS50#W""1&F5AXB578,'<)`&8,`%[[<`
MS88!$%DY9LD0`5"8AGF8B)F8AXDX8]#_BZM@`>]5E5_#`%IG`+EC`$SP7J4#
M.2KP?)6@`N0VEUY3!N&5`,/X!QM``<@H`4'XD0LSF'-A!QVD`0^`5]J7!%]@
M!P3FFJ])EW(2`A\4!Q"0!7K@!L.I![;%FPP#FW(!G']@66A0.PP02,FIG*'H
MFW%2;7_P!?PX!A:P!74F`#=HG;["G'%!FJW`FN19GM@9)Y3)"INYGC@EGVID
MGO0Y-G-``14@`@HD`:O8BA)YG]A#BT"@!6VP!+BHB[P8H`)J.AJ0`E[@``_0
M`720C.T'/!S9H*9C?WU```[@`-;(?RDDCP+`!N9XHBB:HBJZHBJ:@JV0CA^T
M!.X(CW^P@1J:_T7Y:`<$L`%L\(\!V7X$>:,,]`"/Q0J[*:0,=)&LH)%(VJ1.
M^J10&J52.J6'$P-=0``:,&UFX**H*`,P!P($T`4K0`%,0``*Q`8'\&N\8`9?
MV0$ET%\R\$$G20!9X$AA(`.A$P(R8$AHZCV]\`0=0`!;$#H@D`59,&V#T``R
MH`%O0`%)4*=_<*=\>@!LX`LQ\)7F-PA^.@AM0``$<&`3(`,_&*IAL$'K%9J[
M8`!;T`(:T%=F\(.#0`<MT`%EH`)=(`..%`5Q@)%*H%I`TP9=8`&]0P#*$UN5
M8#PBT`9,H`<Q``9@\`!Z8']'N@MXX`0B:`?@N0!-<'&5@`)OD`=*8/\''9!]
M;J`!V?<$]$@!!&`\9<`$%=<`9$D_?Q"=#Q`"8Y`%;C"N!X"NY.!N(O@_RN,%
M<0`*;4`!,:`$_*H!*'``"M`!=@`!\<D+)]`"0&``(M`"!P8!1XH'>=`"?0`%
M2\`%6W`"?!`#+5`"?=`"&]DPQ@H!R66LH!`%*@`_32`"(M`Z\*,$&,!UNW``
M/.L`LZ,`ZU8)3^``$_!8:(`&&A2=!X`!K9D+?1`%@Y`&2=`[(4H*>\``(E`[
M!'"T\XH^3ML+R#@("I<'>U!>?6"B[P4!2?L',3`!$*`!$:L+2S">\&A7&@L*
M98"Q33NQ9_L&'IL%<>``J+HP$(!M@@`%S0;_LX,@KG\02#5[LX\K"(7:"P>`
MH7\0!;/S!5`'"AH``EZ+!G6PM+6C`MK&"WVPJ2N0625P!\D%"E70!8?$M:%;
MNF'8`8C[!W<P!S)``"WP?960!"O0!VM;!^_UMG\P.EQZ"W5;,WRPMM-:`2IT
M`%``!RT``0=``2W0`"UP!@?0=`RS`$K`2GE``*W#N+7%!'6F`<,+!$!P!BN@
M`1:@`&EPNKO0/<+*`.9C!PXP,I6@!<G%`&R@`%V0!TE`P'I@`12@5[S0!(SU
M!V.@!`*@//"JMTHP.W@`=)\ZP%V@!PKP!H#&"P+@?G^0!TM`;M$%P/0CNTD`
M`EV@`&S``-3C`/.F]`L&T`(24($MP#MY.P@,T`(&$&E=P`598``EVP(@T`)V
ML`'@RS`QP`1;L*R"L*6D,`$:D`0/P`!=L`$K4`),L`0,(``:<$V^8`8;L`5T
M4`5OT`%*D`0S]P<J,(U)D`)WL`$_6`=,(`$IH`0'`*O51`<'L`6E(\8;<'Z$
MQ`1)``8E(`)=0%EU_`5[O`5^O`M/',4\6ZF5L`)RG`)?H`%V]04;<`<*4`%,
M0`>>J0M:(`,M$`>NZL<*D`3K%0)5L`5Q<`(*H`%Q<%88$`<;H#E!HP!SP`9A
BX+]Q0@$3X`23'"<)@`9NZBL*\`!.1,PM8LQ\\*F_$@@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>u50149u5014921.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u50149u5014921.gif
M1TE&.#EA(@&V`.8``,O<GT)!0?7U^F-XKJRWU-34U).3D[G"V_W^_KJZNL/#
MPXN+B[6UM8&`@#@X.%-JI4ICH(N;PZ2CI*RLK,C/XGQ[>YN;F_KZ^NWM[71T
M=%134UU=7.GL]&IJ:O7V]61D9/GZ_<W-S<O2Y-[>WN;FYGJ,NDQ+2^GIZ=WA
M[=7:Z>'AX?+Q\K&[URDH*`L*"LC(R(24OUQQJMK:VIRIS'&%M>+F\&V!L]+8
MY^SO]A0L-^7H\B@P$=C=ZW>*N)*@QJ"LS<#(WL_5YI6CR'6(MYFFR>#D[W^0
MO#$Q,:2QSYBZ0*/6[-'J]77!XK'+;T].3NCGYU=65AL:&OO[_%%14$9&17Y^
M?HF(B/3S]'=V=M'7YXZ.CN3CXST]/8"`?_?X^=?7UV]O;Z"@H*BGJ)Z>GE]>
M7^3DY,O+R_#R^"$@(-O;V^SL[$!`0#(V(\_/S]'1T86%A6%@8?S\_9&0D:ZN
MKI>6EM_IP^_O[TE(2$A'1WEY>=#0SUE86+&QL<"_OTBMV?___R'Y!```````
M+``````B`;8```?_@'^"@X2%AH>(B8J+C(-%`HV1DI.4E98"19::FYR2/1"@
M$$`WH3$4@CU(2*&LD(.L$:Z3*`><-CJ=LT"YFC8WN100-D"9O,;'DST_`LQQ
MI`)G0@\(?ZD@S"(0S`+4K\LH,3^50!&;.C2;<9*N0#/(B>J%OKDE2'\S08*R
MG/OO_H.I")$2%$Q=0$$##T&P5ZV'(`XU"M4X,T@`#RF&SJ0`40B%K#,HNK5+
MY(7'/A0X!*$@()'CGS,\NHE@:"CD0Q024R)`X660%!X4?<84=$"$(5]%.!#B
M@).0CI2#F`ZRD8703$0H(@I"D`*J(!VX_G"`X3-%SW_(>D2XP=8+J1M`_P8P
M//@GH2$(:X$\("`E0HP81B!!$#(DAE$1#P8,\(+$QA\0T@;$8%$7;^$4?X#$
M4"S(2%4;H&B<^L-B\P,A@DI(9L'C`2@6I%A`H!&'P.8!.BBXAL`"B4,*/83@
ME>)C,PUF$$K0V*LZ1DH>BF/40C*@A`T;4@Z$^C55,01QQ#<'_C-XR`.CX0<$
M_B2J!P7=KPF=,1^C7!#)#V!`FO'7AXX!H,"`0W28H64,>Z`40<IU#Y20$EUV
M%5(*`0@@,00U1E`&P2\$#/''#T;\@0,(C9$V`$4\0!`$*3C-0%8)Y>`"`G9_
MV&!/%@_PD`4$.)TQ``M20("+4DBX4YE1.J3@W/\?!)33@Y&^_:%;2#@<,`!'
M$1`@``2GL'#B'S#8,T`M'$!`XI5_3%;-:(0,(^(#05A)300:_G*`AW=B2-D\
M[E5#TR`1&$%-#3A`8!0(1OCPQP.UX%+B'T'$$(<42AG("UV5#0)#B!!"@,A"
MA!@Q0`\]5$<>)#<X5D0,0Q#IF!&[".(#$L_\42(X1E"418@USJ6*HH(`$2(1
MC`I2)$*>"D+``Z3:@,Z3QOZ&3F<QD%K=EK\`)\@,]LQ&*@191.GGFD=QYP,!
M1E1;:@FGUO7JJ.O6^$N?F`K"Y2`$###(#0]DMI`ZCWI!PP`%6IH+IG8AT6^G
MG_X9@9&OH.K88WYQ4"+_G9K2JHVM$Y\!PY4SQ&JC($,0@`19@K!0CI3AV&JD
M70=,"Q"4OSDD2`0HZ[.AE#9S2UXQT:)B3Y_R<`?#`3A+*/$?#Q=-;KV+QOK'
M`3$,$JE*-I3SZ!\($&"HP0='\!X%.I#RGL+N,*S0G]D<`)>&2Q^0`@<QW%"B
M;A1PP,(#96]<(@$\U`!!$314FK4.>]?`P0,L<*";"&<T'J5O.O!@%PX/_'!#
M$"S!4((.*$2IK2"MP48!"]CRO*T]/M"PX@]GB!O0DS6$)8@-+*"P=^6,OMUN
MJG^TYC80>\Y["@P1Z`#TAP-D@<)&,<Q0]@`L_5`#U:3%4$0**5!PAA%_@FT)
M_Q&DDGH`"N7W0(`Z1-2BDLV&].#^(%X^,$15/?2$@J('V/!`!%XX`+!8`!H:
M8`9]/1&@K09P&BG(S`8Q>(`-C/*'%/@/=W\00`D28Q0.^(\(Z"-$$$!C@UH4
MP7\L.``1*KC"0<3E`32X@1=Z@),4M#"%+X'!`^J3G1:V[P\BD,S\_B`$`(DF
M6`RD`?[T!RPKV:\J/L`)$3!SPKT00@I"B.`*=;#!`?R`(S#X2RT0]3\>T&`V
ME1*?&M=HB_"Q\8UPC*,<YXB,D='QCGC,HQ[WR,<^^O&/@`RD(`=)R$(:\I"(
M3*0B%\G(1CKRD9`L9&]40<E*6O*2F,RD)C?)R4YZ\O^3H`RE*$=)RE*:\I2H
M]&0D5\G*5KKRE;",I2QG2<M:VO*6N,RE+G=9B#Z,H`^50(`%>$E,1PY3$5Z8
M0`/ZT(`0?&$2$Z!#,:>I2##\H0,-&($@PF``+6C!`'\(PS(;T(8VO``,6OB#
M%1:0@#1T@`&"4`$6L.`%/&!!$`K`@AC*&88VA.$-"I!`!AC@!3"`DYH(C6,`
M_E"%/EA!$`V(0P#B@(<_-&"<?>@#%?X@ACY4X0]W8$`#U""(#5Q`!198IB`<
M,($I9'29';C`%[KPAP^,X`,R2*A.V;C0<4+T#POM*4;[L`<9-,`-#0"J#.;0
M`4'DH0US$"DP_S"%-IBA#V+_Z``S_X`!,*B`#"=00$5W2E:#A>$/OIPJ,,]Z
MUHS^<@0C>`(=%(#6<([``MK\@Q?",`$$^%(0)#!`'RXPAC'\4A`%,,`([""!
MJ9;UL9"-K&0G2]G*6O:RF,VL9C?+V<YZ]K.@#:UH1TO:TIKVM*A-K6I7RUI*
MV.$#&BC`-9TPA];:EA(2H(,:UO"'%ZAAH;<-+B/F`(<)N&`K3A"N<A4A`3"0
M01`&D,-RIVL(!)"A#7](PP>Z0=WNTD$"@N@`%,CP`ERVP9I_R(,3@"D&)QRS
MN\+MPT)#T($5'.$)`5C!'9X`W_@NU`+PQ,(8[MF`,?0WN/+]@QP2\(<*R*$"
M%I6N_R'Z<(2,6OC"&,ZPAC?,X0Y[^,,@#K&(1TSB$IOXQ"A.<1^P&XD$)R"=
M#BA`<CL@VPD#]\"D/2_7H+`'Z;YA#TT]1()Q#-\A$YFZ1C[R<I.LY$;XX<E0
MCK*4IPQE)>B4R4U>!)6WS&4K)Q3+64X$E\<L92\C%,QA/@29U^P',U,3S6DN
M!)O)[.9IPCG.@YCSF.M<S#OC^0]Z[O*5;_QG-0>:RGPFII_Q?&A$#[K08FYT
MF1\-:4-+NLJ4KK2<+XWI+Q-:TX+@=*?/_&E0B_K)B>;EHN-\ZC9G&M2A/G6J
M=[GJ-+=ZUKJL=9AO_6I8\]K3L";$KTD=[#S+FI9@"$!3+?_0`@G;N-BQ%C6N
M(PG<,MP!`1I0@9!+K>EAQW(#4+AJ'BSZ7D+H.LO>CN436M"'<3>@W(.@L(KG
M3>]ZV_O>'VXU$_#-[PNS>!)>0,`%T%`&/&!;V\^&=KI=Z0$NH*&V=&@V(L[=
MY(4KFMN5MKBJ,0YIC=.:XX7V>*Y!_F>1YY+B2C8Y+E%^9)7?DN5$=KDM88YC
MF=>2Y@>V.2UQWE^=SY+G\/6Y+('>7:''DNC4-3HLD3Y=I;^2Z<MUNBNAKERI
MMY+JPK4Z*[$>7*VODNNW]7HDP6Y;L4.2[*TU^R/1SEJU.Y+MJW6[("W@A(,F
MO-AR!V09`H#M+6P;VH`^]LS=#6__0<!=M7G_8[LM:G=SNR``D(^\Y"'/A1Q8
M_O*8S[SF+\^%R7O^\Y]WP.9'3WK0F][TI$^]YD_/^M:[_O6PASP;=D#[VMO^
M]KBG/1M<GU=+J,`$UNV]N4G^AR6T>@F\4$*KC<&$4S/!E4U(@O2G3_WJ6U_Z
M``#;`DQPS[\OPOBG1GXNE']JYCL?^M=/?_JS3\=%@U_4XN\$^45M?E$_OY71
M5[_^I\_^.;K_^,FW?+S0?/:'?ONW?_TG1_\7?@%8?@-X?OAW@`AX1PL(?PU(
M?P]8@!$H@>J7@'%4@9P6?YPP?YQ6?YQV?ZR4?QQX?1X(1R!X:2*X"21X:29X
M:2BX2BJX_X+5UX)O](*2%H.:,(.25H.2=H.1E(,ZR'\42'SO%X(76((9>((&
MF(34QX-LY(.-!H26((2-1H2-9H20A(14:(5KA(6'IH65P(6'YH6'!H:/)(9)
M2(9J9(:!AH:4H(:!QH:!YH:.5`<`\(>`&(B".(A_6`=+R`A-"(-/2(-1:(--
M1H=Z9H>3@(=ZIH=ZQH?=!8ES)HF20(ES9HESAHE(QH0`.'X"F`L$*(5*=GC&
MX(EL!HIL)HK3Q8J+.(2-6(2U=`%F\`5R(%M?8`!N\`=TU4<L9P<R(`-:$`)_
MX`%CP&!F8""NN&:PN&:R&$E:P(L4=@56D`!<<`5C4%Y\Q')=@/\`7]`'+4`"
M>:`%&\``$O!,_W`&2Q"/\CB/]%B/\CB-9%:-C^0%4#`(%:`'@E`!;7`!&T",
MQ&<(,A!D7L`%3Z`!"*`"8+`%<,!&Y=4`"[`"@F`&3W`!RO@/J>B(LZ0`078!
M5*`.%^"0?]"/X7B0A2`&$R`(=``%"'`'@D"3*BD^?2`!<1`"56!-;N``)-4%
M_.4/'XF+/]=]<`".70!/?\`%!ED)5L"40!4"4Q`':9`!3;E&P"<(%D!3:X!P
M?2!-1`F!LF0&!2D&#M``#,`'+:"6?Z`!3TD)##!,<F``>.`%"P`&>*``<0"7
M:G0$@B`#`=`'*X`&`0`'4J`&'S!="+#_`0@0`ADE`Y#9!S)P`EAI,&ZP`AF5
M!G_@!G3P!"N04[W$DH2@F-G5!QB0D3GU`@^E1@X0;U-0!N,6`'IP!30YBPQV
M"%I`4I:"`>.&!A/@!B2P!@RP4&`0#_%&FH0@`2>`"&&0FFK4`G\0`EV@`7W%
M!0L0`#(U;M2%<(;@G0:B!0R&!@`Y`>#U`1@@`;F9G)H`GH3@G@:3`640!WW0
MD1B`FG^@GH#'"0%`4@+5`58`3`W@6T$6;Q76;PB:80GP`1NVH`GZH!`:H0GZ
M;XT0`!XP""[`!\.T`5?@`;?)GJ2%<!=@!W^@`B10HL(U!6GP!5H`!AF`7UI@
M`G_P!6\PFJ0U_P%TA0#KU0=ZV0=7`&&WQ0!B(`5]H`#4<`*#]0<+X(X@&EH$
M*0A=8`))NE58<**VA0`-<`&'<`$T9:.B]0(3R0!O@`5\(`AC4%MA4*:W90<8
M:0@K<!;#-UI]<$\=$`!H4%$G,`6"P`"MF66T2$L*L)@0U0=>X`!O8&`2H*9^
MJIR3=0%[$&\C$`(7E505`)]$]J>T1`<U9@AQ@%YAAJFT5`:(<`)PNJC[*:>,
M>JJ1!:JJ^G2IVJIEQ:JPNG6O.JN]9JN8):NXNG:UNJMVUJN^>G'!FEFZ.JR*
M5*S&BDC(FJR&M*S,2DC.^JSB0U<C<%9_D``-H&W,I`(7`(YQ*JVT-/\"#Y5@
M(T`%"N``([`&??":6'"AWPJNL@0&_)5@$U!;8$`']GH"<U!;[PJOL`1<"1:@
M#.52#.5;$VEN!RJA"KNP#-NP#AMB%(H(`+M0<YF28B!-4'`%MFD().JOL00%
MZI!@'N``&4`&#5>R?Z`'Z>2QMR0!+TD(7E!C%U!C;\"9+'M+"\!=B&`'SG:S
M/ONS0!NT0CNT<U0`[-0-(T"A*S!7@A`"8:"E*F``T,D'_.I'"@`&3J`%W1`&
MO:<`4%`%6IH'9'"B80`%Y25.UKH)?/`!>W!67&JV@R`&&G!6'O`![9I>9*!-
M%^58EB!,&O`!N=D!<+"I"J`!7:H%>?L'#`#_!<#$3$G%"1)`!F10M0BPLODY
M!6+P!R3P`4":`1]PHA<EFISP`2YP!"[0`LW9`(3F!!W@`F)@!E'@`.CI`DX@
MG640!</81PE@`LT9!LD%5(Z5`![0`+FU`"&P!U^P`?9U36K0IIJ@!1W@!5*`
M!0U@!PI0!M(I"`E`DEN0`69@`59`!PN0!H_*!6K@KIJ`3G]P!>L5!ROP`C>9
M`'$`!V+`!Q6P!2:P`FN@ORO0`#+`FYK0`!D@!5[0`2N;;(/`!W%P!UNP!V:P
M`'1`!Q9@!H_Z`6J@I9S``"X@6U[0`HNINE<$5`V0!V#0!QD*F"X0`A]P!!W;
M1QT@JH+P`=HVF"TI_P$<^I8`]@<9,`)08`7-N0E.@,%_(*-<D[V#T`$J@`;K
M&P`W#)=H8`&E2@GX-0@DL%$>T`5B.0A=(`9D`$P.,`9)E0',!`:;:@F_^P<7
M(*-R4)R%X%5P>05DT,1_<`10W`D-X)0!*9T@7)IH<`(?L$PND)U_X`(64+HN
M8+-\I+R#D`'/1,.#X`$FH`95^0=.(`?`5`5ZH`8,0,2:H*>#0,038&"#<`+)
M=5P2-<G)%;4?I0EI<&-7L%`KT`&-YP$!(`4$RP5RD%0-M0(_Z;R5X,F"8`(*
M@`9@$`6BJP(%F5Q]B<I_4`9:T*>:8%P`:0<>;%&?!@</1<(FS`<H_`8N</\%
M1]"S>B2^\70$U.#(@E`%\)0'J&D"+_8':]`3%\!;F_`!:OH"C]K`5S2V5(4!
M(0`%%=`'<6`"ZM"0G'`'-28';T`-'@#,UU1><M!7+:!C3E``ZM`!P:@)#BP(
M<V!3&<7"@F#+)VH"]UD!%1`"&$#$!MT)&O!X:-`"_+7'@B`&+B"[?1`%:Z`!
M)^`"4!`%)!`%+8W(?"0'1\`%&@##Z$P'+H`&5'`"#C"8.AH`"V`&7!#.G.`%
M&7`$1_`!7D#-48`&3(D%2UT%9N``Z.K4#L``"8`'1Y"[EG`"&N``1[``TRG7
MZZG43'T"7$"<?[`'`3!N4'`'?JD)7K#"1Y`!<'I/8U`PUNOJ`">`UGU@`+7+
MI)SP!53@`A5@8$E+")/YC&TP!E`KM7]P`HH52!?P!FN@J'*DF,)\1P4`!5!@
5J6ST!!N@`1F-1V;0`$-)M,(5"``[
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
