-----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,
 MN+NTfTVhcfVS46/sixMmDxDXHXHlf47UMP2tvxoShJjSBE5my2vdx6LeA94HnLu
 itzGQjaDQ88AVvDqp2LVYQ==

<SEC-DOCUMENT>0001156973-07-001130.txt : 20070717
<SEC-HEADER>0001156973-07-001130.hdr.sgml : 20070717
<ACCEPTANCE-DATETIME>20070717084927
ACCESSION NUMBER:		0001156973-07-001130
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		22
CONFORMED PERIOD OF REPORT:	20070716
FILED AS OF DATE:		20070717
DATE AS OF CHANGE:		20070717

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:		07982930

	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>u53165e6vk.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; margin-bottom: 6pt"><B>2007
&#151; 7</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<BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</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 May&nbsp;22, 2007 through July&nbsp;16, 2007</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></DIV>

<DIV align="center" style="font-size: 10pt">(Translation of registrant&#146;s name into English)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>The Netherlands</B></DIV>

<DIV align="center" style="font-size: 10pt">(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></DIV>

<DIV align="center" style="font-size: 10pt">(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" style="font-size: 10pt">Form&nbsp;20-F <FONT face="Wingdings">&#254;</FONT> Form 40-F <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)(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" style="font-size: 10pt">Yes <FONT face="Wingdings">&#111;</FONT> No <FONT face="Wingdings">&#254;</FONT></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">E.P. Coutinho<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"><!-- Folio -->&nbsp;<!-- /Folio -->
</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 June&nbsp;30, 2007 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">-</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips CEO reconfirms strategic direction to market at annual EPG conference in Florida&#148;, dated May&nbsp;22, 2007;</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">-</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips updates market on Medical Systems business in meeting with financial analysts&#148;, dated May&nbsp;31, 2007;</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">-</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips completes acquisition of TIR Systems&#148;, dated June&nbsp;08, 2007;</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">-</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips to acquire Color Kinetics to strengthen leading position in Led lighting systems, components and technologies&#148;,
dated June&nbsp;19, 2007;</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">-</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips notifies financial authorities of increase in shares held&#148;, dated June&nbsp;28, 2007;</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">-</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips sells Ommic to Financi&#232;re Victoire of France&#148;, dated June&nbsp;29, 2007;</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">-</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Philips notified of filing of MedQuist audited financial statements for the period 2003 to 2005&#148;, dated July&nbsp;06, 2007.</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 16<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of July&nbsp;2007.
</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: 18pt"><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: 18pt"><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"><!-- Folio -->&nbsp;<!-- /Folio -->
</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"><IMG src="u53165u5316501.gif" alt="(ROYAL PHILIPS ELECTRONICS LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="u53165u5316520.gif" alt="(QUARTERLY REPORT LOGO)">
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><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, 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, 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, and industry consolidation. 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.
Readers 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 which we believe 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: 11pt; margin-top: 12pt">Philips reports 34% growth in
EBITA Net income increases to EUR 1,569&nbsp;million
</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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>EBITA amounted to EUR 389&nbsp;million, or 6.4% of sales, compared with EUR
290&nbsp;million, or 4.5% of sales, 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>Including a EUR 1,220&nbsp;million gain on the sale of TSMC shares, net
income increased to EUR 1,569&nbsp;million from EUR 301&nbsp;million 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>Sales totaled EUR 6,100&nbsp;million, in line with Q2 2006 on a comparable
basis; 7% growth at the high-margin 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>Reallocation of capital continued with the sale of a further stake in
TSMC, additional share repurchases and the announcement or completion
of several acquisitions, including Color Kinetics.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Gerard
Kleisterlee,<BR>
President and CEO of Royal Philips Electronics:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;It is good to see that Philips continued to increase its profitability in a quartet that,
from a revenue perspective, turned out to be as challenging as we had anticipated. I am pleased
with our year-over-year EBITA improvement of more than 30% to EUR 389&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">It is encouraging to see that the increase in profitability we achieved was driven over a broad
front &#151; lower central costs and improved results at our high margin businesses, based on their
strong market positions and the overall strength of our business models.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sales at Medical Systems were impacted in the USA by the effect of the Deficit Reduction Act,
but everywhere else showed robust growth with order intake also picking up to a very good level
for the quarter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are increasingly benefiting from our leadership position in the shift to energy-efficient
lighting solutions, both in the professional and consumer
</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="48%"></TD>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top" nowrap>All amounts in millions of euros unless otherwise stated; data included are unaudited.<br>
Financial reporting is in accordance with US GAAP, unless otherwise stated.
</TD>
    <TD>&nbsp;</TD>

<TD align="right" valign="top"><IMG src="u53165u5316500.gif" alt="(PHILIPS LOGO)"></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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">domain, and will further add to our strength in LED lighting, a fast-growing new segment in the
lighting market, not least through our recently-announced intention to acquire Color Kinetics.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sales in our consumer businesses were negatively impacted by the phase-out of existing product
lines ahead of the effect, in the coming months, of the introduction of new, exciting products
across a wide range of market segments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All in all, our first-half-year performance has provided us with a solid basis for another good
year and gives us confidence with respect to the achievement of our targets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our reallocation of capital is also in full swing with a continuous deal flow in our second
trading line for share buy-backs and a good acquisition pipeline to further strengthen our market
position in high-margin businesses.&#148;
</DIV>


<P align="left" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</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"><B>Philips Group</B>
</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: 6pt"><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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">6,380</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,100</B></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">290</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>389</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">4.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.4</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">247</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>302</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">3.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.0</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>&nbsp;</TD>
    <TD align="right">127</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,336</B></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">(56</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(119</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Results equity-accounted investees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(89</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>56</B></TD>
    <TD>&nbsp;</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">(1</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 style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" nowrap align="left" style="border-top: 1px solid #000000">&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">228</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,573</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">73</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" nowrap align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">301</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,569</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Per common
share (in euros) &#150; basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.43</B></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>Income from continuing operations increased by
EUR 1,345&nbsp;million compared to Q2 2006, mainly driven by a EUR 1,220&nbsp;million gain on the sale
of a 4.7% stake in TSMC partly offset by EUR 84&nbsp;million lower dividend income from TSMC due to
the reduction in Philips&#146; shareholding.</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>Income tax included a EUR 29&nbsp;million charge related to a prior-years
settlement with tax authorities.</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 equity-accounted investees increased by EUR 145
million compared to Q2 2006, primarily due to higher income from
LG.Philips LCD.</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 2006 income from discontinued operations was mainly attributable
to the operational result of the Semiconductors division, a majority
stake in which was sold in Q3 2006.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sales by sector </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="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="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">% change</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">nominal</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">comparable</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">1,630</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,651</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</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">532</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>638</B></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">14</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">2,484</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,148</B></TD>
    <TD>&nbsp;</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">(11</TD>
    <TD nowrap>)</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">1,296</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,464</B></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">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" 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>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">l&#038;EB</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">402</TD>
    <TD>&nbsp;</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">(62</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</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">GMS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>48</B></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">61</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">6,380</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,100</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</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>Sales declined 4% on a nominal basis but, excluding the negative
impact of currency and portfolio changes, were on par with Q2 2006.
Good comparable growth at the three high-margin divisions was offset
by CE, where the impact of the transition to a new product range &#150;
and strong sales ahead of last year&#146;s FIFA World Cup &#150; caused sales
to decline.</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 reported solid comparable sales growth at Ultrasound
&#038; Monitoring and Customer Services, tempered by flat sales at
Imaging Systems.</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 posted double-digit year-on-year comparable growth, driven
mainly 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>Comparable sales at Lighting increased 6% compared to Q2 2006,
mainly due to strong growth at Luminaires and Lamps.</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>I&#038;EB&#146;s nominal sales declined due to the ongoing divestment of
non-core businesses. On a comparable basis, several
innovation-related activities within the sector reported higher
sales than in Q2 2006; in addition, CHS reported 15% growth.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Sales by region </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="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="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">% change</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">nominal</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">comparable</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="15" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">2,763</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,810</B></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>
</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">1,854</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,723</B></TD>
    <TD>&nbsp;</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">(2</TD>
    <TD nowrap>)</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">523</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>456</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(13</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(12</TD>
    <TD nowrap>)</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">1,240</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,111</B></TD>
    <TD>&nbsp;</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">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" 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>
</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" 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">6,380</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,100</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</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>The increase in comparable sales in Europe/Africa was driven
primarily by Lighting, DAP and Medical Systems. In North
America, higher sales at DAP and Medical Systems were more
than offset by a decline at CE. The lower sales in Latin
America were mostly due to ongoing weakness in the CRT &#151; TV market in Brazil. Asian comparable sales growth centered
on DAP and Lighting.</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</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"><B>EBITA</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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">210</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>218</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">60</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>84</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">21</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22</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>161</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Innovation &#038; Emerging Businesses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(22</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(35</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Group Management &#038; Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(128</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(61</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" nowrap align="left" style="border-top: 1px solid #000000">&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">Philips Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">290</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>389</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>6.4</B></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</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>EBITA increased by more than one-third &#151; EUR
99&nbsp;million &#150; compared to
Q2 2006, taking profitability from 4.5% last year to 6.4%. Higher
EBITA was reported by all four operating divisions. Excluding the
impact of a EUR 35&nbsp;million non-cash impairment charge on
MedQuist-related goodwill, EBIT increased by EUR 90&nbsp;million compared
to 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>Medical Systems&#146; EBITA improved mainly at Patient Monitoring,
Cardiac Care, Customer Services and X-Ray, with lower earnings at
Computed Tomography.</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 businesses within DAP contributed to the sales-driven increase
in EBITA compared to 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>CE&#146;s EBITA was in line with Q2 2006. Entertainment Solutions and
Home Networks reported higher earnings in the quarter. Tight supply
chain management limited the EBITA impact of a decline in sales at
Connected Displays compared to Q2 2006, a quarter which saw
considerable sell-in ahead of the FIFA World Cup.</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 EBITA improvement at Lighting was mainly due to Lamps and
Luminaires and included EUR 11&nbsp;million in acquisition-related
charges for Partners in Lighting International.</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>EBITA at Innovation &#038; Emerging Businesses included additional
investments in the Healthcare and Lifestyle Incubators as well as
lower IP 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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Compared to Q2 2006, lower Corporate cost levels (including last
year&#146;s implementation costs related to Sarbanes-Oxley compliance)
and lower pension expense were the primary drivers of the improved
EBITA at Group Management &#038; Services.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>EBIT</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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">180</TD>
    <TD>&nbsp;</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">DAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>80</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">20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>21</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">143</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>150</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Innovation &#038; Emerging Businesses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(26</TD>
    <TD nowrap>)</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">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Group Management &#038; Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(128</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(61</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 style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&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">247</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>302</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">3.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.0</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</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"><B>Financial income and expenses </B><BR>
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="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">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">(67</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(24</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">TSMC</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">- sale of securities</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>1,220</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">- dividend</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">223</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>139</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&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">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(29</TD>
    <TD nowrap>)</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">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">127</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,336</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&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 expense declined significantly compared to
Q2 2006, as a result of moving, over the last 12&nbsp;months, from a net debt to a net cash position.</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 sale of a further stake in TSMC, together with recognition of
TSMC&#146;s annual cash and stock dividend, resulted in a gain of EUR
1,359&nbsp;million. Last year, a total of EUR 223&nbsp;million related to the
TSMC cash dividend was recognized in the second quarter.</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>An increase in the fair value of TPV options resulted in a gain of
EUR 8&nbsp;million, compared to a EUR 32&nbsp;million loss in
Q2 2006.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Results relating to equity-accounted investees <BR>
in millions of euros</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">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">LG.Philips LCD</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(85</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>68</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other</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>(12</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" nowrap align="left" style="border-top: 1px solid #000000">&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">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(89</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>56</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&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 equity-accounted investees</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 equity-accounted investees improved
significantly compared to Q2 2006, driven mainly by stronger
results from LG.Philips LCD.</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</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"><B>Cash balance</B><br>
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="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">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">3,389</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,906</B></TD>
    <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">(29</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" 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">(193</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(241</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">(129</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(233</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">67</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,936</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&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">(103</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(475</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dividend paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(523</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(639</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net cash discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>34</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&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">Ending balance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,538</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,261</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&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>During the second quarter, proceeds of EUR 1,841&nbsp;million from the sale of shares in TSMC
were partially offset by the dividend payment to shareholders of EUR 639&nbsp;million and EUR 423
million used for capital reduction. The acquisition of Health Watch, DLO and TIR further
reduced the cash balance by EUR 226&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 cash outflow in Q2 2006 was mainly a result of the annual dividend payment of EUR 523
million and the acquisition of Witt Biomedical for EUR 110&nbsp;million.</TD>
</TR>

</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316502.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>Cash flows from operating activities were on par with
Q2 2006, as higher working capital requirements were offset by higher net income.</TD>
</TR>

</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316503.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 (PPE*)</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>Investments in gross capital expenditure for property, plant
and equipment were somewhat above the level of Q2 2006.
Higher expenditure at Medical Systems &#150; partly related to the
one-time reclassification of product training equipment &#151; was
largely offset by lower investments in Lighting, DAP and
Innovation &#038; Emerging Businesses.</TD>
</TR>

</TABLE>
</DIV>

<P align="left" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</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"><IMG src="u53165u5316504.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>Inventories as a percentage of sales increased compared to Q2 2006 due to the acquisition of Partners in Lighting
International, (temporary)&nbsp;customer-service-driven inventory
at Medical Systems and higher inventory at DAP (due to
upcoming product introductions in Shaving and Oral
Healthcare). Inventories at Consumer Electronics were below
the level of Q2 2006.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316505.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>During the quarter, the net cash position increased by
EUR 0.5&nbsp;billion, mainly due to a EUR 0.4&nbsp;billion increase in
liquid assets driven by the EUR 1.8&nbsp;billion sale of TSMC shares, partly offset by the dividend payment of
EUR 0.6&nbsp;billion and additional share repurchases of EUR 0.4&nbsp;billion.</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>Compared to Q2 2006, group equity increased by over
EUR 2.1&nbsp;billion due to higher retained earnings, including the
impact of the gain on the sale of a majority stake in the
Semiconductors division in Q3 2006, offset by the impact of
the share repurchase programs.</TD>
</TR>

</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316506.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 Q2 2007 was 125,834,
compared to 121,348, excluding discontinued operations, at
the end of Q2 2006. The increase is mainly due to
acquisitions completed during the last 12&nbsp;months &#150; notably
Intermagnetics, Avent and Partners in Lighting International &#150;
partly offset by divestments, mainly Optical Storage and the
Enabling Technologies Group within Corporate Investments.
</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</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"><B>Medical Systems</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key data </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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">1,630</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,651</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"><I>% </I>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>1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>% </I>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>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">EBITA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">210</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>218</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">12.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13.2</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">EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">180</TD>
    <TD>&nbsp;</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:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9.1</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">3,387</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,272</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">31,261</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>33,033</B></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 line with the strategy to bolster its healthcare presence in
emerging markets, Philips announced it will buy Brazil&#146;s leading
general X-ray manufacturer, VMI-Sistemas Medicos.</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 June, Philips and Germany&#146;s University Medical Center
Hamburg-Eppendorf began a clinical evaluation of a
computer-aided-diagnosis software package that automatically
interprets MRI/PET brain scans and can potentially help doctors
treat diseases like Alzheimer&#146;s faster.</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 May, Philips signed a multi-modality contract with Samsung
Medical Center (SMC)&nbsp;in Korea comprising several Magnetic Resonance
Imaging devices, Cardio Vascular solutions and Ultrasound systems
for the Samsung Cancer Center project. Samsung is a strategic
partner of Philips for MR-guided HIFU research.</TD>
</TR>

</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316507.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>In Q2, equipment order intake picked up after a sluggish first
quarter, growing 12% compared to Q2 2006 on a currency-comparable
basis. Growth was driven by all businesses except Computed
Tomography and Cardiovascular X-Ray, which continued to suffer from
a softening of the US market, including the impact of the Deficit
Reduction 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>Comparable sales grew 4% compared to Q2 2006, thanks to strong
growth at Patient Monitoring, Cardiac Care, Customer Services and
General X-Ray, partially offset by declines at Computed Tomography
and MedQuist.</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>EBITA profitability improved from 12.9% in Q2 2006 to 13.2%, mainly
due to higher results at Patient Monitoring, Cardiac Care, Customer
Services and X-Ray, offset by lower Computed Tomography earnings.</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 a EUR 35&nbsp;million non-cash impairment of
MedQuist-related goodwill.</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 employee numbers is mainly
attributable to the acquisition of Intermagnetics in
Q4 2006.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316508.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 effect of purchase-accounting and integration-related,
charges for Intermagnetics are expected to be approximately
EUR 15&nbsp;million per quarter for the remainder of 2007 (of
which EUR 5&nbsp;million will impact EBITA).</TD>
</TR>

</TABLE>
</DIV>

<P align="left" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</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"><B>Domestic Appliances and Personal Care</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key data</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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">532</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>638</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">15</TD>
    <TD>&nbsp;</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>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14</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">60</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>84</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">11.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13.2</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">58</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>80</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">10.9</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">436</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,297</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">8,560</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10,059</B></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 celebrated the production of its 500&nbsp;millionth electric
shaver. Also this quarter, Philips offered the market a sneak
preview of arcitec &#151; the new iconic electric shaver that will be
launched in September.</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 entered the global water purification market when it
launched its Intelligent UV Water Purifier in India, intending to
become a top player in this segment in the country by 2010.</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 its latest brand campaign showcasing simple,
consumer-centric solutions for health and well-being. The Philips
whole-fruit Juicer and Philips Sonicare toothbrush are key elements
of the campaign.</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 Bodygroom continues to be recognized for its innovative
online campaign as it received several awards, including two EFFIE
awards and a coveted PRSA (Public Relations Society of America)
silver award.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316509.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 grew 14% on a comparable basis compared to Q2 2006, led by
double-digit growth at Shaving &#038; Beauty and Domestic Appliances,
where Kitchen Appliances in particular showed strong growth driven
by its innovative product range and the healthy living initiative.
Geographically, sales growth was especially strong in 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>EBITA increased from EUR 60&nbsp;million in Q2 2006 to EUR 84&nbsp;million,
primarily due to the higher sales level.</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 number of employees
compared to Q2 2006 was almost entirely attributable to the
integration of Avent in September&nbsp;2006.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316510.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>DAP plans to launch new, innovative products (mainly at
Shaving and Oral Healthcare) in the second half of 2007,
supported, in line with its business model, by significant
investments in advertising and promotion. The focus on
emerging markets will continue.</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</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"><B>Consumer Electronics</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key data</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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">2,484</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,148</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"><I>% </I>nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(14</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>% </I>comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>    <TD>&nbsp;</TD>
    <TD colspan="0" align="right"><B>(11</B></TD>

    <TD><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">EBITA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22</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">0.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.0</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">EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>21</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">0.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.0</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">5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>254</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">14,677</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14,499</B></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>Recently-acquired Digital Lifestyle Outfitters has launched a number
of accessories for the now-available Apple iPhone.</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 received two prestigious awards from Dixons Store Group
International: &#147;Best Supplier of the Year for Consumer Electronics&#148;
and &#147;Overall Best Supplier of the Year&#148;. Additionally, Philips was
named &#147;Supplier of the Year&#148; by Euronics.</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>Adding to earlier efforts to further increase the sustainability of
its product range, Philips introduced a new consumer logo for its
environmentally friendly and safe consumer range &#150; the &#147;Philips
Green Logo&#148;. These products outperform the competition in energy
efficiency, as well as offering other environmental benefits.</TD>
</TR>

</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316511.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>Consumer Electronics&#146; sales amounted to EUR 2,148&nbsp;million, a
comparable decline of 11% compared to Q2 2006, a quarter in which
sales were buoyed, particularly at Connected Displays, by the high
sell-in ahead of soccer&#146;s FIFA World Cup.</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>Despite the lower sales, EBITA increased slightly, both in value and
as a percentage of sales. Margin pressure at Connected Displays &#150;
caused in part by the impact of the transition to a new product
range &#150; was more than offset by higher EBITA at Entertainment
Solutions and Home Networks.</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 to EUR 254&nbsp;million, compared to EUR
5&nbsp;million in Q2 2006, mainly driven by the DLO acquisition in
Peripherals &#038; Accessories and a higher receivables position at the
end of the quarter.</TD>
</TR>

</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316512.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>Driven by new product introductions, sales in the second half
of 2007 are set to exceed the weaker, post-World Cup sales in
Q3 and Q4 of last year, underpinning the full-year EBITA
target of 3%.</TD>
</TR>

</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</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"><B>Lighting</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key data</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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">1,296</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,464</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">16</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"><I>% </I>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>6</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">149</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>161</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">11.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>11.0</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">EBIT</DIV></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>150</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">11.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10.2</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">2,652</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,578</B></TD>
    <TD>&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="bottom">&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">46,652</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>53,500</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>Business highlights</B>
</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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips reached an agreement to acquire Color Kinetics, based in
Boston, USA, a leader in innovative light-emitting diode (LED)
lighting systems. Philips also completed its acquisition of Vancouver,
Canada-based TIR Systems Ltd, a leading company in LED technology for
modules that generate high-quality white light. These acquisitions
will give Philips a leading position in the entire LED lighting value
chain and strengthen its IP portfolio.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips has introduced a range of new high-quality energy-efficient
lighting solutions, such as the MASTER TL-D Eco fluorescent lamps for
offices and buildings and the halogen MasterClassic for commercial
areas like hotels and restaurants, which last three times longer and
use just 50% of the energy consumed by an incandescent lamp.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Bosphorus Bridge in Turkey, which connects Asia and Europe and
features state-of-the-art dynamic, multi-colored LED illumination from
Philips, has been officially opened. The bridge&#146;s lighting
installation provides a 50% energy saving compared to the previous
installation.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316513.gif" alt="(BAR CHART)">

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>Financial performance</B>
</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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sales amounted to EUR 1,464&nbsp;million, a 6% comparable increase compared
to Q2 2006, driven by the continuing strong growth of energy-efficient
lighting solutions, particularly in Europe and Asia.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Recently-acquired Partners in Lighting International &#150; the European
leader in home luminaires &#150; reported sales of EUR 102&nbsp;million and
incurred purchase-accounting-related charges of EUR 14&nbsp;million, EUR 11
million of which impacted EBITA.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Despite the EUR 11&nbsp;million PLI-related charges and restructuring
charges of EUR 7&nbsp;million, EBITA increased by EUR 12&nbsp;million, mainly at
Lamps and Luminaires, supported by the ongoing growth in
&#147;Green-Switch&#148; lighting solutions.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316514.gif" alt="(BAR CHART)">

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>Looking ahead</B>
</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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Restructuring, acquisition-related and other incidental charges are
expected to amount to EUR 10&nbsp;million in Q3 2007.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Lighting expects to complete the acquisition of Color Kinetics in Q3
2007, further enhancing its LED portfolio and IP position in
solid-state lighting solutions.</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</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"><B>Innovation &#038; Emerging Businesses</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key data</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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">402</TD>
    <TD>&nbsp;</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">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">(15</TD>
    <TD nowrap>)</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:30px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>26</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 Technologies / Incubators</DIV></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"><B>(32</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBITA CHS, Corporate Investments
and others</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD>)</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"><!-- 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 nowrap align="left">&nbsp;</TD>
    <TD align="right">(22</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(35</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">EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(26</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(39</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">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">832</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>931</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">13,139</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,783</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>Business highlights</B>
</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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Organon and Philips joined forces in the development of new drugs and
therapies for mental disorders and cancer. With the help of biomarkers
and Philips&#146; advanced medical imaging technology, it will, for
example, be possible to study the effects of psychiatric drugs in the
brain at the molecular level.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips climbed from 67<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> position to 38<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> in
the 2007 edition of an annual ranking of the world&#146;s most innovative
companies compiled by Business Week and The Boston Consulting Group.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips received several important design awards during the quarter.
The Philips Bagless Vacuum Cleaner Range was given the highly-regarded
&#145;red dot&#146; award by the German Design Zentrum Nordrhein Westfalen,
while Philips Design was nominated for the first Design Management
Europe Award. This award will be given to European organizations that
have successfully integrated design into their business.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316515.gif" alt="(BAR CHART)">

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>Financial performance</B>
</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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Corporate Technologies&#146; EBITA declined compared to Q2 2006 due to
higher investments in the Healthcare and Lifestyle Incubators and
lower license revenues.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sales at Consumer Healthcare Solutions grew 15% on a comparable basis,
driven by Lifeline. The EBITA of CHS was in line with Q2 2006 as
ongoing investments in business expansion offset operational margin in
the quarter.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The EBITA of Corporate Investments declined slightly compared to Q2
2006 due to various incidental charges at businesses within its
portfolio.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316516.gif" alt="(BAR CHART)">

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>Looking ahead</B>
</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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The divestment of Power Solutions is expected to be completed by the
end of Q3 2007.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The EBITA run-rate for the first half of the year is expected to
continue in Q3 and Q4.</TD>
</TR>

</TABLE>
</DIV>

<P align="left" style="font-size: 10pt"><!-- Folio -->12<!-- /Folio -->
</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"><B>Group Management &#038; Services</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Key data</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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">36</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>48</B></TD>
    <TD>&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="bottom">&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">9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>33</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">(7</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>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>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBITA Corporate &#038; Regional Costs</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>(38</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBITA Brand Campaign</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(22</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(29</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EBITA Service Units, Pensions and Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(32</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6</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">EBITA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(128</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(61</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</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(128</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(61</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&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">994</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>574</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">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,059</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,960</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>Business highlights</B>
</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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips ranked 8<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> in research by the British newspaper The
Independent together with EIRIS (Ethical Investment Research Services)
listing the greenest companies in the world.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips continued taking initiatives to increase environmental awareness with the launch of a
consumer campaign called asimpleswitch.com and partnering with the Alliance for Climate
Protection and the global Live Earth concerts on July&nbsp;7, 2007. Live Earth aimed to inspire
more than two billion people to take simple steps, such as switching to energy-efficient
lighting, to lead a more energy-efficient life.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips launched its latest brand campaign showcasing a range of simplicity solutions to
empower consumers, their families and care providers to manage a healthy lifestyle.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips continued its drive to use e-bidding as a selection process for suppliers, which
leads to greater cost efficiency in supply across businesses. E-bidding covered 11% of spend
in the first half of 2007, compared with 3% in the same period last year.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316517.gif" alt="(BAR CHART)">

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>Financial
performance &#150; Group Services</B>
</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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Corporate &#038; Regional Costs showed a considerable decline compared to Q2 2006. This is
attributable to ongoing cost savings, the incidental nature of last year&#146;s FIFA World
Cup-related expenses and implementation costs related to compliance with the Sarbanes-Oxley
Act.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Compared to Q2 2006, the higher investment in the global brand campaign is wholly due to a
slightly different seasonal spending pattern.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pension costs were lower than in Q2 2006 in a number of countries, notably the Netherlands.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316518.gif" alt="(BAR CHART)">

</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>Looking ahead</B>
</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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Investments in the global brand campaign are expected to be approximately EUR 30&nbsp;million in
Q3.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Restructuring charges of EUR 15&nbsp;million related to the simplification of the regional and
country management structures are expected in the second half of 2007.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pension costs for Group Management &#038; Services are
expected to be approximately EUR 25&nbsp;million for the full year 2007.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="u53165u5316519.gif" alt="(BAR CHART)">

</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</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"><B>Highlights in the 1</B><SUP style="font-size: 85%; vertical-align: text-top"><B>st</B></SUP><B> six months</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>The 1</B><SUP style="font-size: 85%; vertical-align: text-top"><B>st</B></SUP><B> six months of 2007</B>
</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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Income from continuing operations up from EUR 367&nbsp;million to EUR 2,420&nbsp;million due to
higher earnings and the sale of a further 8.3% stake in TSMC</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>EBITA 30% higher than in the corresponding period of 2006</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Comparable sales were 1<I>%</I> higher than in the 1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> half of 2006; high-margin
businesses grew 7% on a comparable basis</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Results relating to equity-accounted investees increased by EUR 114&nbsp;million, driven by
improved results from LG.Philips LCD</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cash flows from operating activities improved by EUR 802&nbsp;million compared to
January-June&nbsp;2006</TD>
</TR>

</TABLE>
</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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7" style="border-bottom: 1px solid #000000">January-June</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<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">12,535</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12,091</B></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">569</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>742</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">4.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.1</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">EBIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">493</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>594</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">3.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.9</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">Financial income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">104</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,019</B></TD>
    <TD>&nbsp;</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">(116</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(202</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Results equity-accounted investees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(106</TD>
    <TD nowrap>)</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">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8</TD>
    <TD nowrap>)</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">Income from continuing 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"><B>2,420</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">94</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>24</B></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">461</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,444</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 (in euros) &#151; basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.39</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.22</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>Management summary</B>
</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>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Income from continuing operations increased by
EUR 2,053&nbsp;million compared to the first six months of 2006 due to higher earnings, the sale of a
further 8.3% stake in TSMC and an upturn in income from LG.Philips LCD.</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 for the
first half-year totaled EUR 12,091&nbsp;million, 1% higher than in the corresponding period of 2006 on a
comparable basis. Sales at the high-margin divisions continued to show solid comparable growth &#151; 7%
above January-June&nbsp;2006 &#151; largely offset by lower sales at CE caused by the impact of last year&#146;s
World Cup. At Innovation &#038; Emerging Businesses, comparable sales increased (primarily in
technology-related businesses); however, nominal sales declined by over 50% due to the disposal of
businesses within the Corporate Investments portfolio.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>EBITA in the first six months was 30% above the same period of 2006, driven by higher
earnings at all operating divisions and lower costs within Group Management &#038; Services.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Excluding the impact of a EUR 35&nbsp;million impairment
charge to MedQuist-related goodwill, EBIT in the first six months grew 28% year-on-year.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net income in the first half of 2007 grew by
EUR 1,983&nbsp;million compared to last year. This increase is attributable to higher earnings and
EUR 1,869&nbsp;million of higher income related to TSMC &#151; EUR 1,953&nbsp;million from the sale of
additional Philips shareholding in TSMC somewhat offset by EUR 84&nbsp;million lower dividend
income.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Excluding the impact of last year&#146;s additional funding for the UK
pension fund (EUR 582&nbsp;million), cash flows from operating activities
increased by EUR 220&nbsp;million compared to the first half of 2006,
driven by higher earnings and lower working capital requirements.</TD>
</TR>

</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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net operating capital increased by EUR 2.6&nbsp;billion compared to Q2
2006, wholly attributable to acquisitions made during the past year.
The debt: equity ratio was (12) : 112 at the end of the first half of
the year.</TD>
</TR>

</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</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"><B>Outlook</B>
</DIV>


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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our performance in the second quarter of 2007 confirms that we are on track to achieve our targets
&#151; EBITA of at least 7.5% in 2007 and 5-6% average annual sales growth. We expect to see an upturn
in sales growth in the second half of the year, boosted by a strong order pipeline at Medical
Systems, the ongoing impact of &#147;Green-Switch&#148; at Lighting and a number of exciting new product
launches in our consumer businesses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We will continue our value-creating management of capital, focusing on further acquisitions
consistent with our strategic direction and on returning cash to shareholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We are confident that 2007 will be a year of continued top and bottom-line growth for Philips.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Amsterdam, July&nbsp;16, 2007
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Board of Management</I>
</DIV>



<P align="right" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
</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"><B>Consolidated statements of income</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">all amounts 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 nowrap align="right" colspan="6" 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="6" style="border-bottom: 1px solid #000000">January to June</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</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"><B>Sales</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,380</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,100</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,535</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12,091</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">(4,386</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4,000</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8,666</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(7,997</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" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Gross margin</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,994</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,100</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,869</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,094</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>
</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">(1,111</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,186</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,178</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2,301</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">(269</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(201</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(491</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(430</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">(397</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(404</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(812</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(810</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Impairment of goodwill</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>(35</B></TD>
    <TD nowrap><B>)</B></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>(35</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other business income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>28</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>76</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" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Income from operations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">247</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>302</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">493</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>594</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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financial income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">127</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,336</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">104</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,019</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" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">374</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,638</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">597</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,613</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>
</TR>
<TR valign="bottom">
    <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">(56</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(119</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(116</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(202</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" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income after taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">318</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,519</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">481</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,411</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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Results relating to equity-accounted investees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(89</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>56</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(106</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8</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>
</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">(1</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>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8</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>
    <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">228</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,573</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">367</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,420</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>
</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">73</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4</B></TD>
    <TD nowrap><B>)</B></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>24</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>Net income</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">301</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,569</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">461</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,444</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>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <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>
    <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"><B>&#149;</B> basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,189,557</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,099,261</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,191,966</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,099,684</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>&#149;</B> diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,196,222</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,110,900</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,199,710</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,111,066</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>
</TR>
<TR valign="bottom">
    <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>
    <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"><B>&#149;</B> basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.43</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.39</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.22</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>&#149;</B> diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.41</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.38</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.20</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>
</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>
    <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">Gross margin as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>34.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>33.9</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <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">(17.4</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(19.4</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(17.4</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(19.0</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <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">(4.2</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(3.3</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3.9</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(3.6</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <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">(6.2</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6.6</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6.5</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6.7</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>
    <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">EBIT or Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">247</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>302</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">493</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>594</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">3.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.0</B></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"><B>4.9</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>
</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">290</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>389</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">569</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>742</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">4.5</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>&nbsp;</TD>
    <TD align="right">4.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6.1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</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"><B>Consolidated balance sheets</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">all amounts 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="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">June 30,</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>June 30,</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</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">2,538</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,023</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,261</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">4,327</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,773</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,503</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current assets of discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,372</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>&#151;</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">3,208</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,880</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,366</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">1,227</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,286</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,358</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">12,672</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,962</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15,488</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 equity-accounted investees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,233</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,978</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,896</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">6,743</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,056</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,007</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">303</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">214</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>162</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-current assets of discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,290</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">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,797</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,453</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,479</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">3,059</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,099</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,227</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">1,420</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,915</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,248</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">2,796</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,820</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,071</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 assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,313</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,497</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36,578</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">3,010</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,450</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,868</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current liabilities of discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">941</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>&#151;</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">3,027</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,336</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,214</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">930</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">876</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>619</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">632</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">605</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>529</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">1,360</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">863</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,474</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">9,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,130</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9,704</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">3,188</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,333</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">1,836</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,449</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,603</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-current liabilities of discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">353</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>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">920</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">784</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>696</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</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,197</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,369</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14,336</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:30px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">144</TD>
    <TD>&nbsp;</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>135</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,972</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,997</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22,107</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 and equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,313</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,497</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36,578</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">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">1,188,109</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,106,893</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,087,178</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"><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" style="background: #cceeff">
    <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">16.81</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20.78</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20.33</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">Inventories as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.7</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>
    <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 (cash): 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">(10):110</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>(12):112</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 operating capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,306</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,724</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10,906</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">Employees at end of period
of which discontinued operations 36,996 end of June&nbsp;2006</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">158,344</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121,732</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>125,834</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->17<!-- /Folio -->
</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"><B>Consolidated statements of cash flows *</B>
</DIV>

<DIV align="left" style="font-size: 10pt; 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="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">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="6" style="border-bottom: 1px solid #000000">January to June</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</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>Cash flows from operating activities:</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>
    <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">301</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,569</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">461</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,444</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">(Income) loss discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(73</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(94</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(24</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjustments to reconcile income to net cash provided by (used for)
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>
    <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">Depreciation and amortization</DIV></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>209</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">378</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>417</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Impairment of goodwill, equity-accounted investees and available-for-
sale securities</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>35</B></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"><B>74</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">(27</TD>
    <TD nowrap>)</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">(97</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,991</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">(Income) loss from equity-accounted investees (net of dividends received)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">84</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(60</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>26</B></TD>
    <TD>&nbsp;</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">1</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 align="right">8</TD>
    <TD>&nbsp;</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">
    <TD><DIV style="margin-left:15px; text-indent:-15px">(Increase) decrease in working capital/other current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">(26</TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(622</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">(648</TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,223</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/other
liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(95</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>272</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(728</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(15</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">(48</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(253</B></TD>
    <TD nowrap><B>)</B></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>(174</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 sales of trading securities</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>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>182</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other items</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(345</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>34</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(327</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>55</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" style="background: #cceeff">
    <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">(29</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>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,032</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(230</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>
    <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"><I>Cash flows from investing activities:</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>
    <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">Purchase of intangible assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(27</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(53</B></TD>
    <TD nowrap><B>)</B></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>(72</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <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">(166</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(188</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(366</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(340</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 disposals of property, plant and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>24</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>34</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash from (to)&nbsp;derivatives</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>24</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <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>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,888</B></TD>
    <TD>&nbsp;</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>3,029</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <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">(129</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(233</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(687</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(720</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" style="background: #cceeff">
    <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">(255</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,462</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,001</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,940</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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Cash flows from financing activities:</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>
    <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">Increase (decrease)&nbsp;in debt</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>(113</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">225</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(111</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <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">(34</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(358</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(407</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(664</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dividend paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(523</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(639</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(523</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(639</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"><B>Net cash provided by (used for) financing activities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(587</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,110</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">(705</TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,414</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>
    <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>Net cash provided by (used for) continuing operations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(871</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>325</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,738</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>296</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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Cash flows from discontinued operations</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>
    <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 cash provided by (used for) operating activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">201</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>&nbsp;</TD>
    <TD align="right">350</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(87</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) investing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(142</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>47</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(266</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>47</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net cash provided by (used for) financing activities</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>
    <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>
    <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 cash provided by (used for) discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>34</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">84</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 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" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net cash provided by (used for) continuing and discontinued
operations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(812</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>359</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,654</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>256</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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Effect of change in exchange rates on cash positions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(39</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(101</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(18</B></TD>
    <TD nowrap><B>)</B></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">3,389</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,906</B></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>6,023</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">Cash and cash equivalents at end of period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,538</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,261</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,538</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,261</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="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>For a number of reasons, principally the effects of translation differences,
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>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Ratio</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>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <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">(284</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,435</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,033</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,710</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><!-- Folio -->18<!-- /Folio -->
</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<!-- LANDSCAPE -->
</DIV>

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

<DIV align="left" style="font-size: 10pt; 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="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&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="38" style="border-bottom: 1px solid #000000">January to June 2007</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 nowrap align="center" colspan="18" style="border-bottom: 1px solid #000000">accumulated other comprehensive income (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">&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 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">unrealized gain</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 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">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">(loss) on</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">fair 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">treasury</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">available-for-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">pensions</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">cash 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">shares at</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">sale securities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">(FAS 158)</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">cost</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, 2006</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">228</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">22,085</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,874</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,281</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(808</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,607</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(923</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,997</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">2,444</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&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">2,444</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 nowrap align="left">&nbsp;</TD>
    <TD align="right">(124</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</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">13</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>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(59</TD>
    <TD nowrap>)</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">11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,960</TD>
    <TD nowrap>)</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">(8</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,957</TD>
    <TD nowrap>)</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">(1,957</TD>
    <TD nowrap>)</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>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total comprehensive income (loss),
net of tax</B></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>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,444</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(113</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,935</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,016</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">428</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dividend paid</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">(659</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 nowrap align="left">&nbsp;</TD>
    <TD align="right">(659</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 nowrap align="left">&nbsp;</TD>
    <TD align="right">(841</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(841</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">(50</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(85</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 align="right">267</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">132</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">50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&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">50</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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Balance as of June&nbsp;30, 2007</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>228</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>23,785</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,987</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,346</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(781</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(409</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,497</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,107</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>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



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


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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sales and income from operations
</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">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000"><B>2007</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: 0px solid #000000">sales</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 nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">sales</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>&nbsp;</TD>
    <TD>&nbsp;</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 % 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" style="border-bottom: 0px solid #000000">amount</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">as % of</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 nowrap align="right" colspan="2">sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&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">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">1,630</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">180</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,651</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>9.1</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">532</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>638</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>80</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">2,484</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">0.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,148</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>&nbsp;</TD>
    <TD align="right"><B>1.0</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">1,296</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">11.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,464</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>150</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10.2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Innovation &#038;
Emerging Businesses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">402</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(26</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6.5</TD>
    <TD nowrap>)</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>(39</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(25.8</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Group Management &#038;
Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(128</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"><B>48</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(61</B></TD>
    <TD nowrap><B>)</B></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>
    <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" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,380</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">247</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"><B>6,100</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>302</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.0</B></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="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-June</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000"><B>2007</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: 0px solid #000000">sales</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 nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000">sales</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>&nbsp;</TD>
    <TD>&nbsp;</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>&nbsp;</TD>
    <TD>&nbsp;</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 <I>% </I>of</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 nowrap align="right" colspan="2">sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&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">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">3,099</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">259</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,106</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>207</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">1,028</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,246</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>184</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14.8</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">4,907</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,356</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>55</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.3</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">2,641</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">324</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,938</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>327</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>11.1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Innovation &#038; Emerging Businesses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">797</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(45</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">(5.6</TD>
    <TD>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>348</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(73</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(21.0</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Group Management &#038; Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(210</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"><B>97</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(106</B></TD>
    <TD nowrap><B>)</B></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>
    <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" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,535</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">493</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"><B>12,091</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>594</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.9</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><!-- Folio -->20<!-- /Folio -->
</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"><B>Sectors and main countries</B>
</DIV>


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

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sales and total assets
</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 June</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">June 30,</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</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">3,099</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,106</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,419</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,323</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">1,028</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,246</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">922</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,860</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">4,907</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,356</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,450</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,417</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">2,641</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,938</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,772</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,792</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Innovation &#038; Emerging Businesses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">797</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>348</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,661</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,374</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Group Management &#038; Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>97</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,427</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19,812</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,535</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12,091</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,651</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36,578</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">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">3,662</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>&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" style="background: #cceeff">
    <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">36,313</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>36,578</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Sales and long-lived assets
</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 June</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">June 30,</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</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">United States</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,383</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,259</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,579</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,080</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Germany</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">928</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>849</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">273</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>293</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">879</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>813</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">170</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>174</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">729</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>766</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">123</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>97</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">576</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>556</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>792</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Netherlands</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">518</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>505</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,132</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,195</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">5,522</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,343</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">980</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,915</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">12,535</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12,091</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,275</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9,546</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="3%"></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"><!-- Folio -->21<!-- /Folio -->
</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"><B>Pension costs</B>
</DIV>


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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Net periodic pension costs of defined-benefit plans
</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">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January-June 2007</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>
    <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">37</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</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">52</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">130</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">259</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">202</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">(205</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(96</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(409</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(194</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net actuarial (gain)&nbsp;loss</DIV></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">19</TD>
    <TD>&nbsp;</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">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Prior service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(11</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(22</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <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>
    <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">Curtailment loss (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>
    <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>
    <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>
    <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; font-weight: bold">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net periodic cost (income)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(50</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(100</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">109</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 second quarter of 2007 amounted to EUR 28&nbsp;million, of
which EUR 5&nbsp;million related to defined-benefit (DB)&nbsp;plans
(the Netherlands income of EUR 50
million, other countries cost of EUR 55&nbsp;million) and EUR 23&nbsp;million related to
defined-contribution (DC)&nbsp;plans (the Netherlands cost of EUR 2&nbsp;million, other countries cost of
EUR 21&nbsp;million).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Net periodic costs of postretirement benefits other than pensions
</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">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January-June 2007</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>
    <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>
    <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">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>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">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">1</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">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net actuarial 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>
    <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 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" style="background: #cceeff; font-weight: bold">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net periodic cost (income)</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">9</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">18</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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"><B>Consolidated statements of income in accordance with IFRS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">all amounts 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 nowrap align="right" colspan="6" 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="6" style="border-bottom: 1px solid #000000">January to June</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</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">6,380</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,100</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,535</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12,091</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">(4,402</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4,004</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8,704</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(8,012</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" 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">1,978</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,096</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,831</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,079</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>
</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">(1,115</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,189</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,188</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2,306</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">(308</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(256</B></TD>
    <TD nowrap><B>)</B></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>(545</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">(385</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(405</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(785</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(807</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Impairment of goodwill</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>(47</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>(47</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other business income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>23</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>40</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" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">188</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>222</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">372</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>414</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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financial income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">127</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,513</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,194</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" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">315</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,735</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">477</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,608</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>
</TR>
<TR valign="bottom">
    <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">(16</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(104</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(77</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(164</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" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income after taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">299</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,631</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">400</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,444</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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Results relating to equity-accounted investees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(87</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>35</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(110</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(10</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>
    <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">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</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>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(8</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>
    <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">211</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,663</B></TD>
    <TD>&nbsp;</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>2,434</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>
</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">81</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></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"><B>29</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>Net income</b></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">292</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,664</B></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"><B>2,463</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>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <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>
    <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; basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,189,557</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,099,261</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,191,966</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,099,684</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#149; diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,196,263</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,111,257</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,197,857</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,111,890</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>
</TR>
<TR valign="bottom">
    <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>
    <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; basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.51</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.37</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.24</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#149; diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.50</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.37</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.22</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>
</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>
    <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">Gross margin as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>34.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>33.7</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Selling expenses as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">(17.5</TD>
    <TD>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(19.5</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(17.5</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(19.1</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <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">(4.8</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4.2</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4.5</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4.5</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <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">(6.0</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6.6</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6.3</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6.7</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>
    <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">EBIT or Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">188</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>222</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">372</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>414</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">2.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3.4</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>
    <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">229</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>238</B></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"><B>477</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">3.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3.9</B></TD>
    <TD>&nbsp;</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>3.9</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">&nbsp;23
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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"><B>Consolidated balance sheets in accordance with IFRS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">all amounts 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="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">June 30,</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>June 30,</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</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">2,538</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,023</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,261</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">4,327</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,773</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,503</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current assets of discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,372</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>&#151;</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">3,208</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,880</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,366</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">556</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">777</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>699</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">12,001</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,453</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14,829</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 equity-accounted investees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,134</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,873</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,776</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">6,743</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,056</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,007</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">303</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">206</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>155</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-current assets of discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,484</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>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">448</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">390</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>498</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deferred tax asset</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,999</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,475</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,440</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">3,069</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,243</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">2,161</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,660</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,958</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">2,448</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,746</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">35,790</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,730</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>34,652</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">3,010</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,450</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,868</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current liabilities of discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">941</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>&#151;</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">2,996</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,319</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,184</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">732</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">755</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>608</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">632</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">605</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>529</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">1,372</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">871</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,479</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 current liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,683</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9,668</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">3,190</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,334</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">1,609</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,800</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,838</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-current liabilities discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">532</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">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Deferred tax liabilities</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">283</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>223</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">595</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>596</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</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,870</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,685</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13,659</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:30px; text-indent:-15px">Minority interests *</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">362</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">135</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>140</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,558</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,910</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20,853</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 and equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,790</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,730</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>34,652</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">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">1,188,109</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,106,893</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,087,178</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"><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" style="background: #cceeff">
    <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">16.46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.79</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19.18</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">Inventories as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.7</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>
    <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 (cash) : 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">(11):111</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>(13):113</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 36,996 end of June&nbsp;2006</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">158,344</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121,732</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>125,834</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="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>of which discontinued operations EUR 199&nbsp;million end of June&nbsp;2006</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;24
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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"><B>Reconciliation from US GAAP to IFRS</B>
</DIV>


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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Reconciliation of net income from US GAAP to IFRS
</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">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="6" style="border-bottom: 1px solid #000000">January to June</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</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">301</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,569</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">461</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,444</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>
</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>
    <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">55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29</B></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>75</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">(39</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(17</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(87</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" 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">(57</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>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(111</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(142</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 nowrap align="left">&nbsp;</TD>
    <TD align="right">(9</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>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(25</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 valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Provisions</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>6</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>8</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Realized gain on TSMC securities*</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>181</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>181</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity-accounted investees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(21</B></TD>
    <TD nowrap><B>)</B></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>(18</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>&nbsp;</TD>
    <TD align="right">41</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>38</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">8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5</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">(11</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(20</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(23</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(52</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" 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">292</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,664</B></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"><B>2,463</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="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>related cumulative translation differences have been released upon sale</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Reconciliation of stockholders&#146; equity from US GAAP to IFRS
</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">June 30,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>June 30,</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</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">19,972</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22,107</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">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">515</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>515</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">(2,140</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,872</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">(303</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(310</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 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>(29</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">255</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:15px; text-indent:-15px">Assets from discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">817</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">Investments in equity-accounted investees</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>(120</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Provisions</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>60</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <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">80</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>45</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred income tax effects</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">523</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>238</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other differences in equity</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>24</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>Stockholders&#146; equity in accordance with IFRS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,558</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20,853</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">&nbsp;25
</div>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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"><B>Reconciliation of non-US GAAP performance measures</B>
</DIV>


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

</DIV>

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

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Sales growth composition (in %)
</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 June</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">2007 versus 2006</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>3.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(5.4</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.0</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.2</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>15.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(3.0</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>21.2</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 nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(8.4</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2.1</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(0.7</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(11.2</B></TD>
    <TD nowrap><B>)</B></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>7.1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(3.6</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7.7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>11.2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Innovation &#038; Emerging Businesses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>33.0</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4.1</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(85.2</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(56.3</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Group Management &#038; Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>77.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(3.2</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(19.5</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>54.7</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">Philips Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(3.3</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1.6</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(3.5</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">EBITA to Income from operations (or EBIT)
</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="23%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&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>&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="6" style="border-bottom: 0px solid #000000">Innovation &#038;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Group</TD>
    <TD>&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 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">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">Emerging</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Management</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">Businesses</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">&#038; Services</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 June&nbsp;2007</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>
</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>742</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>319</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>56</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>347</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(65</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(106</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amortization of intangibles
(excl. software)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(103</B></TD>
    <TD nowrap><B>)</B></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>(7</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(20</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(8</B></TD>
    <TD nowrap><B>)</B></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>
    <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">Write-off of acquired in-process R&#038;D</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(10</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(10</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>&#151;</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>&#151;</B></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">Impairment of goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(35</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(35</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>&#151;</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>&#151;</B></TD>
    <TD>&nbsp;</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">Income from operations (or EBIT)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>594</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>207</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>184</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>55</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>327</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(73</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(106</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>January to June&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>
</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">569</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">312</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">115</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">339</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(41</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(210</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amortization of intangibles
(excl. software)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(72</TD>
    <TD nowrap>)</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">(3</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 nowrap align="left">&nbsp;</TD>
    <TD align="right">(15</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4</TD>
    <TD nowrap>)</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>
    <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">Write-off of acquired in-process R&#038;D</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">(4</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>&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>&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">Impairment of goodwill</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>
    <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>&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>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations (or EBIT)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">493</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">259</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">324</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(45</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(210</TD>
    <TD nowrap>)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Composition of net debt and group equity
</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">June 30,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>June 30,</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</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">3,188</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,333</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">1,360</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,474</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">4,548</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,807</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">(2,538</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6,261</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 (cash) (total debt less cash and cash equivalents)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,010</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2,454</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>&nbsp;</TD>
    <TD align="right">144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>135</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">19,972</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22,107</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">20,116</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22,242</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">22,126</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19,788</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 (cash)&nbsp;divided by net debt (cash)&nbsp;and group
equity (in %)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(12</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Group equity divided by net debt (cash)&nbsp;and group equity
(in %)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>112</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;26
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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"><B>Reconciliation of non-US GAAP performance measures (continued)</B>
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Net operating capital to total assets
</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="23%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&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 colspan="2" nowrap align="right" ></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" nowrap align="right" style="border-bottom: 1px solid #000000"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Innovation &#038;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Group</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" nowrap align="right" >Philips</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" nowrap align="right">Medical</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000"></TD>


    <TD>&nbsp;</TD>
    <TD colspan="2" align="right">Consumer</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Emerging</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Management</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="right" style="border-bottom: 1px solid #000000" colspan="2">Group</TD>

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

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right" 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">Businesses</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">&#038; Services</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>June&nbsp;30, 2007</b>

</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B></B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B></B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B></B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B></B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B></B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B></B></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">
Net operating capital
(NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10,906</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,272</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,297</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>254</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,578</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>931</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>574</B></TD>
    <TD>&nbsp;</TD>
</TR>







<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Exclude 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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151;
payables/liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,307</B></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"><B>491</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,864</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,019</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>284</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,924</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; 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>42</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>18</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>57</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>37</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(10</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(144</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; provisions<SUP style="font-size: 85%; vertical-align: text-top">1)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,591</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>232</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>54</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>242</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>42</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,870</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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; investments in equity-accounted
investees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,896</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>52</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 align="right"><B>7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>127</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,710</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; other non-current
financial assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,007</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>&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>&#151;</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>5,007</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; deferred tax assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,610</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>&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>&#151;</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>1,610</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; liquid assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,261</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>&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>&#151;</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>6,261</B></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>36,578</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,323</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,860</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,417</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,792</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,374</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19,812</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="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1)</sup></TD>
    <TD>&nbsp;</TD>
    <TD>provisions on balance sheet EUR 3,222&nbsp;million excluding
deferred tax liabilities of EUR 631 million</TD>
</TR>

</TABLE>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&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>June&nbsp;30, 2006</b>

</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"></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">8,306</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,387</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">436</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,652</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">832</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">994</TD>
    <TD>&nbsp;</TD>
</TR>




<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Exclude 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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; payables/liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,589</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,724</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">404</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,071</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">925</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">584</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,881</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; 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">25</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">80</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(43</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(124</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; provisions<SUP style="font-size: 85%; vertical-align: text-top">2)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,302</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">244</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">286</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">138</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">1,471</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>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; investments in
equity-accounted
investees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,233</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</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">8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">180</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,984</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; other non-current
financial assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,743</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">&#151;</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">&#151;</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">6,743</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; deferred tax assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,940</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">&#151;</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">&#151;</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">1,940</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#151; liquid assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,538</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">&#151;</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">&#151;</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">2,538</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>
</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">32,651</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,419</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">922</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,450</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,772</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,661</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,427</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">3,662</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <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>
</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">36,313</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <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: 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="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">

<TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">2)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>provisions on balance sheet EUR 2,766&nbsp;million excluding deferred tax liabilities of EUR 464&nbsp;million</TD>
</TR>

</TABLE>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Composition of cash flows before financing activities
</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">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="6" style="border-bottom: 1px solid #000000">January to June</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">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</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 provided by (used for)
operating activities</DIV></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"><B>(27</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,032</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(230</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash flows provided by (used for)
investing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(255</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,462</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,001</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,940</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" 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">(284</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,435</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,033</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,710</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">&nbsp;27
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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"><B>Philips quarterly statistics</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">all amounts in millions of euros unless otherwise stated<BR>
% increase always in relation to the corresponding period of previous year

</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 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 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 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">2006</TD>
    <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 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 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"><B>2007</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">6,155</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,380</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,313</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,128</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,991</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,100</TD>
    <TD>&nbsp;</TD>
    <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">12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</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 nowrap align="left">&nbsp;</TD>
    <TD align="right">(3</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4</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>
</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">EBITA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">279</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">290</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">742</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">389</TD>
    <TD>&nbsp;</TD>
    <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">4.5</TD>
    <TD>&nbsp;</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">1.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.1</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">6.4</TD>
    <TD>&nbsp;</TD>
    <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">246</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">247</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">665</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">292</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">302</TD>
    <TD>&nbsp;</TD>
    <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">4.0</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">0.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.0</TD>
    <TD>&nbsp;</TD>
    <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">160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">301</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,242</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">680</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">875</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,569</TD>
    <TD>&nbsp;</TD>
    <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">per common share in euros</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.59</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.60</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.80</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.43</TD>
    <TD>&nbsp;</TD>
    <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 style="font-size: 8pt" valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">January-</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">January-</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">January-</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">January-</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">January-</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">January-</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">January-</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right">January-</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right" style="border-bottom: 1px solid #000000">March</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right" style="border-bottom: 1px solid #000000">June</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right" style="border-bottom: 1px solid #000000">September</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right" style="border-bottom: 1px solid #000000">December</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right" style="border-bottom: 1px solid #000000">March</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right" style="border-bottom: 1px solid #000000">June</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right" style="border-bottom: 1px solid #000000">September</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="right" style="border-bottom: 1px solid #000000">December</TD>
</TR>
<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">6,155</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,535</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,848</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,976</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,991</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,091</TD>
    <TD>&nbsp;</TD>
    <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">12</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4</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>
</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">EBITA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">279</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">569</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">640</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,382</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">742</TD>
    <TD>&nbsp;</TD>
    <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">4.5</TD>
    <TD>&nbsp;</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">3.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.1</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">6.1</TD>
    <TD>&nbsp;</TD>
    <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">246</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">493</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">518</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,183</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">292</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">594</TD>
    <TD>&nbsp;</TD>
    <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">4.0</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">2.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.9</TD>
    <TD>&nbsp;</TD>
    <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">160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">461</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,703</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,383</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">875</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,444</TD>
    <TD>&nbsp;</TD>
    <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">0.13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.39</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.96</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.58</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.80</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.22</TD>
    <TD>&nbsp;</TD>
    <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 from continuing
operations as a % of
stockholders&#146; equity (ROE)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.6</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">4.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24.0</TD>
    <TD>&nbsp;</TD>
    <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 style="font-size: 8pt" valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="14" align="right" style="border-bottom: 1px solid #000000">period ended 2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="14" align="right" style="border-bottom: 1px solid #000000"><B>period ended 2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff; font-size:10pt">

<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">11.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.7</TD>
    <TD>&nbsp;</TD>
    <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">
    <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">6:94</TD>
    <TD>&nbsp;</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">(16):116</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">(10):110</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">(10):110</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">(12):112</TD>
    <TD>&nbsp;</TD>
    <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">158</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">122</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">124</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>&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">37</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</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">&#151;</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>&#151;</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>
</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"><!-- Folio -->28&nbsp;<!-- /Folio -->
</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 CEO reconfirms strategic direction to market at annual EPG conference in Florida
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Tuesday, May&nbsp;22, 2007
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Longboat
Key, Florida, USA &#150; Today, Gerard Kleisterlee, President and Chief Executive Officer of
Royal Philips Electronics (NYSE: PHG, AEX: PHI), will be giving a presentation at the Electrical
Products Group 2007 Annual Spring Conference organized by Morgan Stanley in Longboat Key, Florida,
USA, in which he will update the market on Philips&#146; continuing transformation into a healthcare,
lifestyle and technology company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In his presentation, Mr.&nbsp;Kleisterlee will discuss how Philips has evolved into a simpler, more
focused company with a portfolio of operations focused on value creation and sustainable growth.
Mr.&nbsp;Kleisterlee will also discuss recent acquisitions, and will elaborate on the company&#146;s growth
strategy going forward, including the ongoing reallocation of capital.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the conference, Mr.&nbsp;Kleisterlee will also re-confirm that Philips is on track to meeting its
EBITA-target, which is to exceed 7.5% of sales in 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The presentation starts at 8:15 AM local time, or 14:15 PM Amsterdam time (CET), and will be
available via audio webcast. Please click <u>here</u> to listen to this webcast.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For more information, please contact:<BR>
Arent Jan Hesselink<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77415<BR>
email <u>arentjan.hesselink@philips.com</u>

</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in
healthcare, lifestyle and technology, delivering products, services and solutions through the brand
promise of &#147;sense and simplicity&#148;. Headquartered in the Netherlands, Philips employs approximately
124,300 employees in more than 60 countries worldwide. With sales of EUR 27.0&nbsp;billion in 2006, the
company is a market leader in medical diagnostic imaging and patient monitoring systems, energy
efficient lighting solutions, personal care and home appliances, as well as consumer electronics.
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
</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"><!-- Folio -->&nbsp;<!-- /Folio -->
</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 updates market on Medical Systems business in meeting with financial analysts
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Thursday, May&nbsp;31, 2007
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amsterdam, the Netherlands &#150; Today, at a meeting with investors and financial analysts, Royal
Philips Electronics (NYSE: PHG, AEX: PHI) will update the market on its Medical Systems division -
the foundation of Philips&#146; professional healthcare business. At the meeting, Philips will explain
that its approach to healthcare &#150; focused on making healthcare simpler, both for medical
professionals and patients &#150; is setting the company apart from the competition, and is positioning
the Medical Systems division for long-term, profitable growth.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On track with 2007 financial targets &#150; further EBITA improvement seen for 2008/2009
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During the meeting, Mr.&nbsp;Steve Rusckowski, CEO of Philips Medical Systems, along with the Philips
Medical Systems management team, will detail Philips&#146; ongoing measures to fine-tune its
professional healthcare business as an engine for long-term value creation at Philips. Management
will reconfirm the division is on track to achieving annual organic sales growth of 6% and an EBITA
margin of 14-15% in 2007. Furthermore, the Medical Systems management team will discuss how
measures to improve the operational performance of the business can be expected to lead to a
further improvement of approximately one additional percentage point in the EBITA margin of the
Medical Systems division by the 2008/2009 timeframe.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To achieve these improvements, Philips will continue building on its pipeline of innovative
products &#150; such as the first PET/CT system to use &#145;time-of-flight&#146; technology that captures sharper
images faster, increasing the number of patients that can be examined. Philips will also take steps
to further enhance the operational excellence of its Medical Systems business and build on the
market share gains achieved over the past three years by focusing on high-value developed and
high-growth emerging markets. Philips expects these measures will help the company continue gaining
market share over the next three years. Following the successful acquisition of Intermagnetics
General Corporation, Witt Biomedical Inc. and Stentor Inc., Philips is continuing to explore
opportunities for forming alliances and making further acquisitions that support its contribution
to the care cycle, enhance the company&#146;s product offering and create long-term value.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Philips&#146;
focus on &#145;care cycle&#146; is making healthcare simpler for patients and caregivers &#147;Both patients and caregivers struggle with a complex, fragmented healthcare system. We believe the
best way to reduce this complexity is by addressing the needs of the healthcare industry from the
perspective of patients and their health problems,&#148; explained Mr.&nbsp;Rusckowski, who was appointed CEO
of Philips Medical Systems in November&nbsp;2006, and brings over twenty years experience in the
professional healthcare sector. &#147;That means delivering solutions in the fields of cardiology,
oncology and women&#146;s health that address what we call the &#145;care cycle&#146; &#150; the cycle of prevention,
screening, diagnosis, treatment and management of medical conditions with technologies and services
both inside and outside the hospital,&#148; Mr.&nbsp;Rusckowski added.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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">Presentations will begin at 10:00 AM (CET), and can also be followed via audio webcast.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For more 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
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in
healthcare, lifestyle and technology, delivering products, services and solutions through the brand
promise of &#147;sense and simplicity&#148;. Headquartered in the Netherlands, Philips employs approximately
124,300 employees in more than 60 countries worldwide. With sales of EUR 27.0&nbsp;billion in 2006, the
company is a market leader in medical diagnostic imaging and patient monitoring systems, energy
efficient lighting solutions, personal care and home appliances, as well as consumer electronics.
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
</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"><!-- Folio -->&nbsp;<!-- /Folio -->
</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 completes acquisition of TIR Systems
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Friday, June&nbsp;08, 2007
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amsterdam, The Netherlands and Vancouver, Canada &#150; Royal Philips Electronics (NYSE:PHG, AEX:PHI)
announced today that it has completed its acquisition of Vancouver, Canada-based TIR Systems Ltd, a
leading company in Solid State Lighting (SSL)&nbsp;technology for products that generate high quality
white light.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the terms of the agreement, which was announced on March&nbsp;13, 2007, Philips acquired TIR
Systems for a total consideration of approximately C$ 75&nbsp;million, or approximately EUR 53&nbsp;million,
which was paid in cash upon completion. As a result of the transaction, TIR Systems will be
financially consolidated with immediate effect within the Solid State Lighting business unit of
Philips&#146; Lighting division.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The transaction was completed by Philips&#146; wholly-owned, indirect subsidiary, Philips Electronics
Ltd., 281 Hillmount Road, Markham, Ontario, which acquired all of the outstanding common shares of
TIR Systems at a price of C$1.60 per share in cash pursuant to a court-approved plan of
arrangement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For more information, please contact:<BR>
Arent Jan Hesselink<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77415<BR>
email <u>arentjan.hesselink@philips.com</u>

</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in
healthcare, lifestyle and technology, delivering products, services and solutions through the brand
promise of &#147;sense and simplicity&#148;. Headquartered in the Netherlands, Philips employs approximately
124,300 employees in more than 60 countries worldwide. With sales of EUR 27.0&nbsp;billion in 2006, the
company is a market leader in medical diagnostic imaging and patient monitoring systems, energy
efficient lighting solutions, personal care and home appliances, as well as consumer electronics.
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
</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"><!-- Folio -->&nbsp;<!-- /Folio -->
</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 to acquire Color Kinetics to strengthen leading position in Led lighting systems,
components and technologies
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Tuesday, June&nbsp;19, 2007
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Combination
strengthens Philips&#146; LED portfolio, technology base and
intellectual property position Color Kinetics&#146; application know-how in combination with Philips&#146; global market presence will accelerate Philips Lighting&#146;s growth in Solid State Lighting
Builds on Philips&#146; Lumileds and TIR Systems acquisitions in the
sector  Purchase price corresponds to a Color Kinetics enterprise value of approximately EUR 516&nbsp;million

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amsterdam, The Netherlands and Boston, Massachusetts, <B>USA </B>- Royal Philips Electronics (NYSE:PHG,
AEX:PHI) today announced it has reached an agreement with Color Kinetics Incorporated (NASDAQ:
CLRK) under which Philips will acquire all of the outstanding shares of Color Kinetics for USD 34
per share, or a total consideration of approximately EUR 592&nbsp;million to be paid in cash upon
completion. The implied enterprise value of Color Kinetics in this offer is EUR 516&nbsp;million, taking
into account approximately EUR 76&nbsp;million of cash on balance sheet as of March&nbsp;31, 2007. This
transaction is subject to the terms and conditions of the merger agreement and to the approval of
Color Kinetics&#146; shareholders, as well as to customary regulatory clearance, and is expected to
close in the second half of 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Color Kinetics, based in Boston, Massachusetts, USA, is a leader in designing and marketing
innovative lighting systems based on Light Emitting Diode (LED)&nbsp;technology. The company has a broad
technological portfolio covering important patents relating to intelligence and control technology
for LED lighting. Color Kinetics also has in excess of 15,000 professional installations worldwide
and an array of large, industrial customers in professional channels.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This merger builds on the acquisition of Lumileds in 2005, through which Philips ensured a leading
position in high-power LED dyes, and on the recent acquisition of TIR Systems, which provided
Philips with a strong line of fully-integrated Solid State Lighting (SSL)-modules used to deliver
integrated lighting products to fixture manufacturers. With Color Kinetics, Philips will become a
leader in SSL luminaires, establishing a strong presence in all aspects of the SSL value chain.
This will further enhance Philips&#146; position to lead the future global shift to more
energy-efficient lighting solutions, using LED sources.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;This acquisition uniquely positions Philips as a major player in the fast-growing SSL business
with technology, expertise and intellectual property in all parts of the value chain of integrated
LED-based lighting solutions,&#148; Theo van Deursen, Chief Executive of Philips&#146; Lighting division,
said. &#147;The technological platform obtained through this acquisition will serve as a springboard for
Philips to further create sustainable value through making innovative LED lighting solutions widely
available. We admire Color Kinetics&#146; expertise, which they built up in only 10&nbsp;years of existence,
and we will foster the company&#146;s creative and entrepreneurial flair in the future while boosting
growth by integrating it into the global lighting leader.&#148;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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">&#147;We have long said that LEDs are the future of illumination - not a passing novelty - and we&#146;ve
supported that view with unwavering focus on the research and development of new technologies,
sales channels, partnerships and industry initiatives to make it a reality. Today we announce our
biggest and most significant step towards putting our core technology and IP at the heart of every
future application of intelligent LED lighting,&#148; said Bill Sims, President and CEO, Color Kinetics.
&#147;We believe that joining Philips, the global lighting leader, is in the best interest of our
shareholders, customers, partners, and employees, and that our combined resources will produce the
best possible entity to drive the LED lighting revolution forward.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Color Kinetics had 2006 sales of approximately USD 65&nbsp;million. The company&#146;s sales have grown at a
compound annual growth rate of 31% in the period 2001-2006. Operating margins are expected to
increase as the company benefits from economies of scale. In addition to its product sales, Color
Kinetics has a fast-growing licensing income stream that adds significantly to its value.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The market for SSL is at an inflection point for growth as the performance of LEDs measured in
lumens per watt is rapidly becoming competitive with traditional light sources. While the market
for SSL has up until now been driven by the application of color LEDs, technology in white light
has improved significantly, which Philips expects will cause market growth to increase
substantially going forward. Independent market sources project that the SSL addressable market
will reach USD 20&nbsp;billion to USD 30&nbsp;billion in 2025 and is growing currently by approximately 30%
per year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Through this merger Philips and Color Kinetics expect to further accelerate growth in this area of
the lighting market. Philips and Color Kinetics will drive to stimulate the speed of adoption of
LED technologies and applications in the industry. By enabling Color Kinetics&#146; innovative systems
to be distributed and sold globally, the benefits of LED will be brought to a far larger market
more quickly.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Color Kinetics offers intelligent LED lighting systems for indoor and outdoor applications in a
multitude of sizes and shapes, from wall washing lighting fixtures to cove accents to submersible
lighting solutions, complete with controller and power supply options. See two of their product
examples below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">iColor<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP> Accent Powercore is ideally suited for creating seamless columns of color and
color-changing effects. Its precise level of control allows the fixtures to run video, graphics and
intricately designed effects in a host of architectural and entertainment settings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Color Kinetics eW&#153; Flex SLX is a versatile strand of 50 white LED nodes that apply Chromasic<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP>-based
intelligence for individual control. The durable, flexible form factor allows for dynamic points of
white light to be installed across nearly any interior or exterior surface - walls, ceilings,
floors, and three-dimensional sculptures and set pieces.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Color Kinetics eW&#153; Flex SLX is a versatile strand of 50 white LED nodes that apply Chromasic<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP>-based
intelligence for individual control. The durable, flexible form factor allows for dynamic points of
white light to be installed across nearly any
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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">interior or exterior surface - walls, ceilings, floors, and three-dimensional sculptures and set
pieces.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Color Kinetics&#146; customers, OEM and Licensing partners break boundaries in their forward-looking use
of light to transform spaces, build brands, and incite imagination. The three showcase examples
below speak for themselves.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Costa Concordia joined the fleet of Italy&#146;s Costa Cruise line in 2006, offering all the comforts of
a floating palace with meticulous detail to its stylish design. It is the largest and longest ship
among the fleet, and its visually striking interior features multiple applications of Color
Kinetics LED lighting technology.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Philadelphia&#146;s historic Boathouse Row received a high-tech lighting makeover. Made possible by
Color Kinetics&#146; intelligent solid-state lighting technology, the new lighting system replaced a
30-year-old incandescent system that required frequent and costly maintenance. By installing the
LED-based system, the Fairmount Park Commission expects to save approximately US$57,000 in annual
operating costs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In December&nbsp;2006 Color Kinetics added another global landmark to its growing list of prominent
installations: the London Eye, which is visible from more than a mile away. It was previously lit
by fluorescent tubes that proved costly to maintain, and required the manual installation of gels
to produce colored light for special events. Color Kinetics was approached to replace this system
with an LED-based alternative.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Japan&#146;s prestigious Takarazuka University of Art and Design facilitates traditional art and design
education while encouraging new opportunities made possible by on-going technological innovation.
To best symbolize its focus on the marriage of traditional art and modern innovation, the
approximately 200-foot high building makes use of the latest advancements in intelligent LED
illumination from Color Kinetics Japan to distinguish its presence against the Osaka city skyline.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For more information, please contact:<BR>
Arent Jan Hesselink<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77415<BR>
email <u>arentjan.hesselink@philips.com</u>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Andre Manning<BR>
Philips North America Corporate Communications<BR>
Tel &#043;1 646 508 4545<BR>
email <u>andre.manning@philips.com</u>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Felicia Spagnoli<BR>
Color Kinetics Corporate Communications<BR>
Tel &#043;1 617 701 2292<BR>
email <u>fspagnoli@colorkinetics.com</u>

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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">Justine Alonzo<BR>
Color Kinetics Investor Relations<BR>
Tel &#043;1 617 701 2272<BR>
email <u>jalonzo@colorkinetics.com</u>

</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in
healthcare, lifestyle and technology, delivering products, services and solutions through the brand
promise of &#147;sense and simplicity&#148;. Headquartered in the Netherlands, Philips employs approximately
124,300 employees in more than 60 countries worldwide. With sales of EUR 27.0&nbsp;billion in 2006, the
company is a market leader in medical diagnostic imaging and patient monitoring systems, energy
efficient lighting solutions, personal care and home appliances, as well as consumer electronics.
News from Philips is located at <U>www.philips.com/newscenter</U>.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Celebrating its 10th anniversary this year, Color Kinetics Incorporated (NASDAQ: CLRK) transforms
environments through new, dynamic uses of light. Its award-winning lighting systems and
technologies apply the benefits of LEDs as a highly efficient, long lasting, environmentally
friendly, and inherently digital source of illumination &#151; reinventing light itself as a highly
controllable medium. Color Kinetics also enables widespread adoption of LED lighting through OEM
and licensing partnerships in diverse markets. The company is headquartered in Boston, MA with
offices in the UK and China. More information is available at <U>www.ColorKinetics.com</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Forward-looking statements
</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. This release also contains
certain forward-looking statements with respect to Color Kinetics and the proposed transaction, the
expected timetable for completing the transaction, Color Kinetics&#146; financial and operating results,
benefits and synergies of the transaction, future opportunities for the combined company and other
statements about Color Kinetics management&#146;s future expectations, beliefs, goals, plans or
prospects. Any statements that are not statements of historical fact (including statements
containing the words &#147;believes,&#148; &#147;plans&#148;, anticipates,&#148; &#147;expects,&#148; estimates&#148; and similar
expressions) should also be considered to be forward-looking statements. There are a number of
important factors that could cause actual results or events to differ materially from those
indicated by such forward-looking statements, including: the Color Kinetics shareholders could fail
to approve the transaction; regulatory approvals might not be obtained; and the other factors
described in Color Kinetics&#146; Annual Report on Form 10-K for the year ended December&nbsp;31, 2006 and
its most recent quarterly report filed with the SEC. Color Kinetics disclaims any intention or
obligation to update any forward-looking statements as a result of developments occurring after the
date of this press release.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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">IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Color Kinetics intends to mail to its stockholders and file with the Securities and Exchange
Commission (the &#147;SEC&#148;) a Proxy Statement in connection with the proposed transaction, and to file
other relevant materials with the SEC. The Proxy Statement and other materials filed with the SEC
will contain important information about Color Kinetics, Philips, the Merger and related matters.
Investors and security holders are urged to read the Proxy Statement carefully when it is
available. Investors and security holders will be able to obtain free copies of the Proxy Statement
and other documents filed with the SEC by Color Kinetics and Philips through the web site
maintained by the SEC at <U>www.sec.gov</U>. In addition, investors and security holders will be able to
obtain free copies of the Proxy Statement from Color Kinetics by contacting Justine Alonzo,
Investor Relations Manager, Color Kinetics Incorporated at 617-701-2272 or on Color Kinetics&#146; web
site at <U>www.colorkinetics.com</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Color Kinetics and its directors and executive officers also may be deemed to be participants in
the solicitation of proxies from the stockholders of Color Kinetics in connection with the
transaction described herein. Information regarding the special interests of these directors and
executive officers in the transaction described herein will be included in the Proxy Statement
described above. Additional information regarding these directors and executive officers is also
included in Color Kinetics&#146; proxy statement for its 2007 Annual Meeting of Stockholders, which was
filed with the SEC on or about April&nbsp;27, 2007. This document is available free of charge at the
SEC&#146;s web site at <U>www.sec.gov</U> and from Color Kinetics by contacting Justine Alonzo, Investor
Relations Manager, Color Kinetics Incorporated at 617-701-2272 or on Color Kinetics&#146; web site at
<U>www.colorkinetics.com</U>.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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 notifies financial authorities of increase in shares held
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Thursday, June&nbsp;28, 2007
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amsterdam, The Netherlands<B>- </B>Royal Philips Electronics (NYSE: PHG, AEX: PHI) today notified the
Netherlands Authority for the Financial Markets (Autoriteit Financi&#235;le Markten or &#145;AFM&#146;) that the
company&#146;s holding in Philips shares has exceeded 5&nbsp;percent of Philips&#146; total issued shares. Philips
informed the AFM in accordance with Dutch law, which states that shareholders are to inform the AFM
whenever their shareholding in a Dutch listed company exceeds the 5&nbsp;percent threshold.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of the close of business on June&nbsp;27, 2007, Philips held approximately 57.3&nbsp;million Philips
shares, or approximately 5.02&nbsp;percent of the company&#146;s issued shares. On January&nbsp;9, 2007, Philips
announced the start of a EUR 1.63&nbsp;billion share repurchase program for capital reduction purposes
to complete the return of a total of EUR 4&nbsp;billion to its shareholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For more information, please contact:<BR>
Arent Jan Hesselink<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77415<BR>
email <u>arentjan.hesselink@philips.com</u>

</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in
healthcare, lifestyle and technology, delivering products, services and solutions through the brand
promise of &#147;sense and simplicity&#148;. Headquartered in the Netherlands, Philips employs approximately
124,300 employees in more than 60 countries worldwide. With sales of EUR 27.0&nbsp;billion in 2006, the
company is a market leader in medical diagnostic imaging and patient monitoring systems, energy
efficient lighting solutions, personal care and home appliances, as well as consumer electronics.
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
</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"><!-- Folio -->&nbsp;<!-- /Folio -->
</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 sells Ommic to Financi&#232;re Victoire of France
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Friday, June&nbsp;29, 2007
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amsterdam, the Netherlands <B>- </B>Royal Philips Electronics (NYSE: PHG, AEX: PHI) today announced it has
sold its controlling stake in Ommic S.A.S. to Financi&#232;re Victoire SAS of France for an undisclosed
amount. Ommic develops and manufactures semiconductor wafers based on gallium arsenide technology
for specific applications such as wireless telecoms infrastructure, optical networks and automotive
mobile TV.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The sale of Ommic represents another step Philips is taking to focus on its Healthcare, Lifestyle
and Technology activities supported by the strength of the company&#146;s brand. Ommic, which employs
approximately 75 people, is part of Philips&#146; Corporate Investments portfolio and will remain based
in Paris and subject to French law and governance. The sale closed today.
</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
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in
healthcare, lifestyle and technology, delivering products, services and solutions through the brand
promise of &#147;sense and simplicity&#148;. Headquartered in the Netherlands, Philips employs approximately
124,300 employees in more than 60 countries worldwide. With sales of EUR 27.0&nbsp;billion in 2006, the
company is a market leader in medical diagnostic imaging and patient monitoring systems, energy
efficient lighting solutions, personal care and home appliances, as well as consumer electronics.
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
</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"><!-- Folio -->&nbsp;<!-- /Folio -->
</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 notified of filing of MedQuist audited financial statements for the period 2003 to 2005
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Friday, July&nbsp;06, 2007
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Amsterdam, The Netherlands<B>- </B>Royal Philips Electronics (NYSE:PHG, AEX:PHI) was informed yesterday
that MedQuist Inc. (Pink Sheets: MEDQ.PK) announced the filing with the United States Securities
and Exchange Commission (SEC)&nbsp;of its Form 10-K Annual Report for the year ended December&nbsp;31, 2005.
The filing contains annual and quarterly financial information of MedQuist for the years ended
December&nbsp;31, 2005, 2004 and 2003. The financial information contained in MedQuist&#146;s Form 10-K
filing has no material impact on the financial information contained in Philips&#146; Annual Reports for
the years 2005, 2004 and 2003.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In its announcement, MedQuist has also indicated that it is now immediately shifting its attention
to completing the work on its remaining outstanding SEC filings, which MedQuist anticipates filing
during the third quarter of 2007. The MedQuist announcement can be found on the MedQuist internet
site at <U>http://www.medquist.com</U>. The filing can be found on the SEC&#146;s website at
<U>http://www.sec.gov</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In commenting on MedQuist&#146;s announcement of the filing with the SEC, Pierre-Jean Sivignon, Chief
Financial Officer of Royal Philips Electronics, said: &#147;We&#146;re very pleased to see that MedQuist has
taken this major step forward in its filings with the SEC. In light of this progress, Philips is
reviewing all of its future options for its approximate 70% stake in MedQuist, as Philips views
this stake as a non-core holding.&#148; To this end, Philips is making an amendment to its Schedule&nbsp;13D
filing with the SEC, in which Philips indicates it may consider possible transactions or other
changes in its ownership stake in MedQuist.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In accordance with US GAAP accounting standards, Philips annually tests goodwill for impairment in
the second quarter. As a result of the test of its MedQuist-related goodwill, Philips will
recognize a non-cash impairment charge of approximately EUR 35&nbsp;million in the second quarter of
2007. This charge will have no impact on the 2007 EBITA for Philips Medical Systems or for Royal
Philips Electronics.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For more 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">Andre Manning<BR>
Philips North America Corporate Communications<BR>
Tel &#043;1 646 508 4545<BR>
email <u>andre.manning@philips.com</u>

</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in
healthcare, lifestyle and technology, delivering products, services and
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</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">solutions through the brand promise of &#147;sense and simplicity&#148;. Headquartered in the Netherlands,
Philips employs approximately 124,300 employees in more than 60 countries worldwide. With sales of
EUR 27.0&nbsp;billion in 2006, the company is a market leader in medical diagnostic imaging and patient
monitoring systems, energy efficient lighting solutions, personal care and home appliances, as well
as consumer electronics. 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
</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"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>u53165u5316501.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316501.gif
M1TE&.#EA:`*C`.8``&MK2O3D#^SW^>J9;_50#+'-VN[NZMB4:*MM2-CHV8RT
MS<S0NIFVD)I5+?#KV-%Q3%=1-6&&;.VG>*BYET5UI;W;N=.P!]S>V,>]M"53
MEM*NC]GKZ[G9YS)FJ)679<^&5X6(5?7T4?[[XV>5MZC(FKFZK^W;S%:&L>[1
ML^ZKA6^ND,O=ZE<O&S-FF(NRK>`R`?BYEMOO]:O*I_>LAYHC!W:DQX_,K\OG
M[2H?%.SW[,W-QNRVA_>UBMG9RKF-;MNE>"I9HIK$UYO(F\G:RFV6C\K9V>:+
M5^CN]+7-JOGTN+N-!^RYE9*/@[_*M[;7L%>7?O?*F:^=C'RCNKB`4_?YBOKN
MZ*:F>9BB<>R^I<V8?<?DP#14<=C'G\[N]#U(+O"<?*3'O)*@J-K-P5ZEA^:L
MD<G,VU(X/G[!G[SG[M[W[:;8OJ<\2-:_/<.\PO?N]_BME.?>X;'6F+F@HO__
M]O;___?W]?7_]O?W_][W]__W___W]+WGO>RB7];.UHMZ=O___R'Y!```````
M+`````!H`J,```?_@'^"@X2%AH>(B8J+C(V*>7F#='2(=I..C92"=9.=F)^@
MH:*CI*6FIZBIJJNLK:ZOL(ESL7]SMK2ED8*:B)>'NH9YMX*SNW20?YUS=,6X
MSL_0T=+3U-76U]C$M=F#MK/(='4"DW?DY7><OH7HY>K)G9WH=.AU\I-VP-SZ
M^_S]_O\`IQD82+"@P8,($RI<R+"APX,;$@P94J0BQ2(3)S89HD-''X\8=10I
M,+&`CC(==0PIT*1E2XTL2;JL,,1`P)LX<^K<R=.:`3>MO`%D)BD!F#,V;)Q9
M>D:%BC%.QT!5T92IBC!$LHYYPO5)A`A<OWY]LK5KV:Y#>JI=R[:MVYUU_^+6
MN5`GJ+=\^IK]$5!!J=*E3JE:E4HXL.'"7<UV!0NUK%.R3]*^G4RYLN7+J.JX
M&4B7E2T15:KH0;9O&)T-8)*J]@LXJ@H7@5V<@:TB*V2I7'&/A9P;=^\BF(,+
M'TY\<AT#%WKTJ;MJCH@D*%"8T-.O69T$JI=F%_SW#`,7W\.[&#\^JM?<3Q,_
M+>N;*_#B\./+GU^-C@$X/3HR3\7,@0DH&F!113*ES4+'$7VMEA13X]D@VU*P
M/4@;`X'-%MA63ZUGUEF\O4??AR"&*&(HQUW0$0;[H=(?"E!D(6`>O&1SBQVH
M@:'&@C@R-1L#0H`A@PP3@#&!$`Q\IP*%@ITA1/]3*JA7%A&U*=;#B%16::6(
M)>J``8JKT"&"`U!P(<:`!/9CQQ#99:==CV#05$0"$47T9@(Z+"!DD8(EF=X3
M3A&Q56/G$>'AE806:JAQR&G)Y2F:U"&&!BAHX(!>_-`AP(T*)F6C&D,DD(8!
M.0SD@*@#A9I#&@EHH88:0LAVI%,4_DD6AV%->>BMN.8:4)9;IDB*)G#X8$8#
M7%`WU`:8KJ:&%IZ>ZH!_8G"!@0;4:B`F"@EDB^H&W!;1!`-A(&E8DX'Q]D0?
MNJ:K[KK3\+IH*9K,404*?@!`)D`":*':C6HD<,01#O3P*+4_%/P#&08;7*V8
M)EQ@P+\)%"$D;8;Q^13_$5P1(1F[''?L\2GN^CH*)7J8L,0/8A@8XSZ7)J6&
MC0D8T,.T6=1LL`0IY)R"!#_P_,,`/]2<!;5B]`#'!@_W`$:L4Q'VA%8:?RSU
MU%0K$C*CM<RKP1(B+.,.-[/DP*\-32#-A0\^9''P%SGC/,,,.NLL`<]`!VVS
MM3T\FRT8%%\(55.#5BWXX!Q??<H<>C@`0Q;%EOD/:DE5D$`=9V=!!ADIL!UW
MSDOLX'G;<P,]P`&C'W#`T%SD/:I1+DCEU!FNJQ`XX;37;JCAIN@Q;]`F+$.I
M/C`:M6H.57`1A00[I,!#SF_#_<;E2RQ!QA(I8![Z`-B/7OKI0R_@\`9%"%%;
M_^QC1&W[^>A7B3LI\IJPP^E5,#-,/P((;[;:RO/PN><[S/`&W/Q+7N8D\(4O
M2"![IMO>Z:*@`3&8X&AH6D^?9I>^"EIP..L;1<E0P(>TZ4%^\]M''88`!D]A
MP'([T%\`/P>W&?!`A<F;FPP-^(7L;<\''SA`VN30`SA)K$E2(8*M+DC$(EHF
M@Y^8Q!S\LX0/^$`,>.F'I6CB``U8KG/1BYX`X_:V_KU-;@7LF>A(9[H#Y/",
M3FS@!1)0`1=@+#)&C*,<V8)$3##C2RB0P!1\``>\?.T:=TC#$-*P`!]D<0DP
M@,$27@BWN+UP<VW[P@_"J$`S?N"2EYS"!Z;@`0Q<X/\"/XR`#N9(RE+>I(Z.
MH(,>H-/$*<@A$G[<1QX$>0$-D$&1BES"&UZXO.8IKW^09)L,?X9`TV%2DYF<
MPA00$`4QK%$-+D"7*:=)S6R@TA%5^(\>$0#%**[L&O9)0`D"E,@E8`$&/%CD
M_U+0O.7IK)%QFYL!?_8S8VX2D\=$@#ZCL("(7:":``UH-*[)B%5"X7T(\,&`
MHEBI'#@@"HA,I"+3^88=O(&=;W/G._W'3KG14X&9?(`R-_F`#SQ`GPB80@F&
M``>!NO2EKB"H(N0%!1[PX0/<-!9.'.4BB691?[OL:$:9]\@4O.&B1]W9#RQY
M23-.X:0(*.D],ZE/$$3AGS#_S:I622'31"1N"7PXP![O=9,YU(%:$DWD&V!0
M449BU(7`Y"4/R+!6MJ;@!U359P/TNM>HBG2DFURF#X:XU<(:UFJ)ZI4HY(4"
M2TX!!3PQ0!3(P`.?EG.7//@B7%.00HJF%09D$&M*\?F`TO+UKYH<J3*G0-C#
MNO:U73W$$I?PURQP8B<.&%H*HR=1_;WP?QE]9#IY\`9=ZC(+4VC`7C_P@Q1F
M#GLFA6I4E8G:D[;VM=C=:FP-43()7-('O?LF0'*K`<_Q=JT4961P=[O(R^$5
M`0U8@W(/<+#E$;"&I?N`$0);6I**]+K9#;!+>=4&D1$C#YI)D2VJ`(6P'D`#
M0LG)_Q(9B+D=\#9ZO,1L9M%95-$V@`4?;L`4"L8S>=:0C/;49'4?`&`!NYB:
M!-X/,)8H!CDP00X.V$_)&JS#E&TC)W1X*,*4ETL.\]*%F3VR!`X`W_B"6,2F
MX\,/^(`]_%82G]05J1A>S.6`QK@0\BHD`B#``@CXH02<2!P*8,"'/3H@$K_[
M1Y#E8$LR[."SB<RL__3L3C,V6;DIM2<F28>])1_`P?CT+VN[S.AIXF[!&I@"
M`%A`:4I#``-F9=$,C("`+(B`H4.I`K4N5UDLG-/(+6SDV[S+5TWZ6;F`5FY)
M"3WE0S/UDJ6=0N\:S6LY7DV)(HBT<BM=:0!(!PHP,,))L?^@4YV8=5K0\ZE<
M5;TYDRJSC,FE`0MH\&'Y;AO$32WC?O>+R9*VN-?HMMVO:V$"'RPSQ!^NM`^@
M`(49Y+H'H`Z('@8V/5PNLK/PC*<ERWB`>+/`#`GU`ZQ!C(!PF\X($,=U2;><
M[HJG#W<BX()8E?!G8D\!V7PXJ4+7,@<3C'IZ6M199B%YUTH^P.``P(`)3""&
M'\!WM`1_.+E-^@&*6_SGM,-=%0_`\;Z2N=(2J"FGB:73.(^W6M&[',N9Y]$$
MFK$!W&X`#B"`8Y/K<PIE7*JX]2MQ%@/][(/#71(TP&18(\#CE97`21O0`UXX
M_1^44UO0W'UMH,V-G;S4F<$&\`'_0,,7`CZ(`MI\0-^>D3AT$-]Y:7V.]LI[
MS%U`83=RE;!P2C?@`4;@`P^4+>(Z+$,;.LF#'C3@AS_#>KFF8YL+X3E,IZ+T
MZS[X0<[LO#/0A37BT7T`Y2U/?'41V`WUH`,4E/!N8M-`V00@P`"6#F%"W%V*
M=8A"`\ALAC68P?.PST+U5MXV@QD3I7M4V^4P!TD)_%[9T9W"\(M/_UOQJ@E5
MB`L==M!D%N"@T@\0?=%76B+64FP1#MKW>GT558'%>)052753,$R5!1)087:V
M17(#>?M56I-7?QZ(*[Q2`EB08Y3S=I2&`SC`;48@@-&W5QJP']?W#Y*5-CJ4
M!3@46.&6_WMP<T#88SJZ=T#T!4F>XUL9M8/31VZY-G\?N(0CPBL:\`$28`(9
M]V$H^'\/H`0L^`(O(&*3XA8&0"W4(X$XQ8!.M$D#T#8*I'L[P#-*]7<Y$U=N
MM3/8@X0=R(1V2"6\D@4-0`!&``42\&$T$(@L*(`OP&U<(`+BE1.1X"@:((8(
MD'4)E04#AS,$M#T%4ST9*$-NV#R-Q(-'R'/G=H>B2!QY.(`01P`!&("#&'V%
MB``B@(ANL41<('942&GI5S.D(T,]&';M5T`&A#-"M8.>N($3-XK&.!^\$@6J
M*(`T$'TKF(5:2`,^H`>GYQ9Z$"DX56EF``!BX!\F\WA`J#T^"/^,.U-``U!`
M;DAUNGB$\!>*Q_B.B&(BT[**+X"*@ZB%6M@`<F`+B;@32Q1I)KA]ES9S*'`R
MCZ<]"-DS,U1EZ*@Y<?,&UQ-QQ0B/%(D9R;B,!%"/])B1@?@!#O!C;U$'*+!,
ME(8`````&F`"6%`M:PAYTX=``W!`5M:0$L")_C,#$0EQYE:1/%D9O/(%&$F/
MT1B(-*`!I$$:_2A%W5`%>NAY";5'/Z!+R:.0OX<]5*:)]^6+7\")E<56%\6#
MD:=L[MB39'E*B=(&/Q"4T(B/A5B4S080<19"?Y`'8N`##3`LRC5BAP0#ZPAQ
M,8DSGU..OO@V1_59[`26!T!N8UF6C-G_#TZXBI"9D6V)`6_I#W))#+]#.3YP
M<SY`!EC0.1)5CG.80(`IC#5)0/Y35U!P:IE5B0]W28O9F+)I38F5EL\8F6P9
MB%P0@V`C6W%615"I1=(C43A90T:0F#GD=^LXF(6);'F&DSSX?A\0F[-9G=3@
MA$&9FT39EC1PB,$A`EB`0IUC81%%/9Y(>,E9.E6&D%L97&YUGHEYG-1IG?3Y
M#%G2!%GP`/A(E/RIA:P8B`=`5I4Q6YV#<A'E3B8V?>FYBP,`-^II0/%TGL<)
M<0<PG_5YH;"0C/RYH?ZIG0A@`OI`"1$6"B):!5C0;T5&/<SS12=F0[MX5!>5
MF+FHB2YZG#)J_Z$8FJ.K@)T<68@:R8J2V98-H(34(*)R&2]U0!UWASA<0)ZX
M]$@:MH,UA(X$9$9?D%E'A9-EM)`V=)S35Z$Z&J;2\)B0J9'[290-@`'<<`EZ
M(`+4V`US66,W!@=+NF\6-E'%M4L757Y=6FX'H#GJE0+;XZ+3]WY@*J:(B@N\
MDI:1&:0TP)TLH*9KND3282S>D'UF@`-FX`<?B0B((P:\99B]=U=+]7+QM5</
M\*<#1'7E9T:$-H>CPP?RF:BTFJ&))0=J&:3:J6V0M:;SP@4H,"#>L$08,&G_
MMX]>)09X9E=?H#;8)FM?`*,719/IN#/&9`390V78>JBUVJVJX(2WB?^;W,EM
M1#H-:B8="S4+);,$!P`!*.@'IH<()0,#IF9J=K4SR%5='\`V294Y.X.5)29/
M@]J#7UJNWGJPG\"C6:BKCSJ4#2!-V#`'!E"06%"IQ9`')H`P;X<#\)H(&(M(
M]II4/%-PVY:762![G/BO!$1/OWA`]91``_![!V"P"%NSBY`EXQ2NK,B6]<B?
M#0"BT.!T(J`%5E!:?-@[<Z!Z*+"&&]NQLK6NYW1.]G5`A0=K'_"7_LI1.:.0
MZ%@P".FJKSHZ64"SA:!$O/D6EZD7E)*4C!!"<<F;2\JVR9"T?Q2BW[`(2<F/
MM7"W%0>NN+FSCQJ('PIF9SL*3C<'<>`!>XC_BDM0#->X`P-@@A!`I[YI,J<&
M`VA(>+/6>`&K,U(7D3P'5;*6G/AE.C@JER/JJ?[X.VH+IWD[K*@[/_P8(W"[
MI+>5"&9[N_[@"TE)&H8@/W:PM\>0/KP0+\[@A'RPL$#*LQW9J=8'"T([`2``
M=D:0`BA0#"+Y`W;I?Q!P`6_K`*'ZE0+;>'*#M>:5/-/'@2\G7]I&`VN0J@S9
M@V,I#-<'N[*PNH9PF9(@"[#K#7;GMG*;O[?@-<;P![JK%Y2@1`8<P$5Z";W+
M4)Y0%WI;N!VC"9[`P*;@+CN0J_6HG:BX:\_@=#E@!2"0DB8@&L5@`-)KDMSK
MO;Y9!:"Y:@NIAN5U_U?DJ#.:^P!KL,,[G)>H2FA_"H19,):I6[;P4+=[ZVRL
MR[J,X`F2<,1('`K7IPX(C)G5&!`)#,7P8`PQ4KS[2T08G!F)A0%0D)T[R[-;
MB`*5V2[>,CF1<`ESL`$D#``0X`5;EP"J"YXQI++G"*'-M44S8)P<R,/ONTF>
M&2`^`'KK:4"E$XK#:J1Z`0GYH+\':!I?S+^+4,7!4`K#(,F+@!?Y=@W].\KV
MR[_`$,I40\&LX"YE+*YL20#:QFQKC+?[&\5E6PMZ0(W+<`3<PASSX`8"$`,)
M<`4G"0$G609W(`M+2P:4*)-5=C`Y4T"!K&PZO,,/L)4#4+'68D7Y><WGF/^5
MH_,#U`D)7I.V_3L9("0.OCQ3E]K%<%P,MD"-IYP'=S`.<PD*JA<.=^"[]#P/
MA8!@`E`'GMR;5FP'=T#*16S$`GW*Z4//G(`,J)P*[N(`*_C*'2R91`EB&D"-
MNNL(E,P(52`&&,`%IG<@,;`!1W`'=W`$%U`&9;`"EW*2$0`&;=`']BQ;#L`%
M[.>RNWB)!43-.EQ:QTD&)A`IT:$!::-/H%=#65FZH1@C>7`$!<`!5%W558T&
M79`#6FUZPG#)/"$_`D#51T"W`MP->G`'*V#5:LT!6)T&.6!ZHP$CM8#6!7`#
M`DTB*U``,%T(4LT!`I`/??W7I=$-9L4!4[W6B"W_UKRP`7I]UZAG.X6MU[M@
MGXG5!E4@=V>\JVBJ4!_T";"KRQ]=""8W---A*;Q<!/_R+QMP`RB=`!$``$^P
M`"]]!#=M""(0*3]83/B3P^_[O@]`!M&!!3.'!<"JAW[ES3&IE=@CSHH`U670
M`A30`2W0`=1=W11``2.@`#`]#LT0QG8;QQ30`@50TH0`9\U@"T<@!=/=`NQ=
MW=1]W=GMUP(]"[,@`"/0`BX@V$2!R9O@`BUP`CE`"'10`-"]`;5`%!P0WBO`
M#\-0W^$]W>X=X>\MW44@`'NK`/]]!.^0Q+5C"P)P`OB=S,%[O)5=!3R`D6@,
MJ2R```Y`'1AL"W.!`7*@_P,Y%MK$4$5+D)*S4`>K700K<`$;$,S<PLM/```@
M0!$K@-(&E@PFJC:2!%VFHS8FU=N=1BTF\"PS-]K=[-O+G=R^&,Z.#,]TP`$2
MW@'1W0%`D.9`T`(*$`/<K<K90+MYL`$MD`'CW6S#&T+B,`)H?N;7?>9IG@$9
M0`$*8-?":]\9(`7ZO:2=7`=2,.@:KD1V4`"#W@4#/.;L?0/>'0L-/@='0`%K
M7N;6;>;A[=?;H``9<`)X,-DV[C%S8`<"0`&);@>O3MGRV`9N``45?8\9V>O1
M.*1=P\!U8`)R``"9BH+;&`4ZL.0$PEB=,REFM0$KD-9)+@!XP,LG3<PJH`5)
M/O_DXF5Z,%Q/HS-H.-7#(X;ES^(`**`V3Z6^V"HZ38U?S(T)')`!+1`$`A#0
M"78$9>`"X0T$&3`"FCZL.Z'`M5`'-X#FXWW%QS"B,!(#(S#H-R``6IT#^9X#
M":``]PWP)\`!IN?A)Y#H?]W5S?T-"/;H%)`&W5`'!;#FED[?<\`!0-`!&Q#1
M04O8:0#J(Q`#<M'S<8%\;A#T]"L(J'X"1Z`+)-_A<Q#K0"`%^SR\BEK9;N``
M$I#9'8J/`O@``Q#L7BQ;<&"L51CV`-`#;_L92RL@]'T@%0'D^<[+1Q`#*A`!
M),`MJWT#DQ.[=5`%)U0SHR-5V<8"4Y`Z5^Z-Z]YPZEO_6GULCHO<R)DP"S+?
M`07P370`Z\^=`4!0`SF`."'DQ&5+\"#9ZL3`N\\K6Z/_!QN@\&S;#(A.`4>P
M,LQ0!SE0!+(.!"<0`_1KWY?_UP=]WIN?#/0`!A1`!`&>]BW?`EVPX710!"=`
M`0FPWP7<"+[K&7_PZ4`P`A8>"D5__?1-N*#?"+*+.',I#AL@P91\I-X?@^_\
M")D\!SDP`A0`!B6=S,__V.P<VL=GXLO8P5@_B*`'"`YS='^%AH>&>AA^+#B.
M#5,/#8UF<@9SB'.#.0Y89%AUAW5'&Q<;`@)X:7!'*A$5I"L<144YFIF:<U5<
M65D#`P<?'P@--#@T&B8F#B:\_PT(#]%&7]-?UM:_$E^_VP<'/8CAA728'$`=
M!83B?W8K+4!`00)S=^N'=.JY@^3V_8.&Y&YA^H,/7Z%_!PW%Z("NGC]#`D8`
MH9!FG28Z*T[`4U!'DP"-4@00W(<O5[B"<P0<$5`/TZ`"0%IT&5>HCH`<'=71
M1%0P7)X\X@8>%-I/G``*&4:(+"I.`9`31_X0-32()*&I3'$1#(C/9@$*14H2
M%3KPUB&R4\W:,XAUG#J#X?31N2D@ITZ=5$V>E"H5(5]1!B[HP-"FCAX>1@@H
M7LRX\8,/*/SVTU,"@B,<D+S]0.#(3)0JH>X5:=)##`8,;GC>48GJR!$W1\(0
M*=*G3/\9#K..8-4WQX&&+`>T!7M`;,V:!EGD9/%!#)HT(]6N7>,V8!NP;UGY
MF4.'-U,=,/!&;/C3LE\=G4"9=C]+-J#+K77.N]0I]$@'(.F*"HTX,:K%/P(4
M\`Y4A7P$1$AY<-534738$9I+<\`D4SAWV-$7@PL:DEY<5.7145;AY$`!$$J!
MB(A3)RR%54%=R;<;B&:5A,\=&R!U@UUYI:767WVUQ6`_<'V(BUEWG/>70''I
ML]<]^1!51V"#86`8%(DUQI@TPR"`P&?K9:('''Y<QL(S/_P@P12-X`"!&*%!
M5((+1932QRDGU;&::[`1$481<C#!!!@KW.`?3SKI8<)O/Z3_D,)U1GS0P!HT
ML,""<]%4^H!T$FA3W2_567=`%N"H5\XY^5FDAP#O4,!!7O;\I-X]#_7E7H^\
M74250O<5T.9_!4I$45%Y;*!1!S<08J`4=238HSUH2074?!+.A$@>:9EHXD^N
M6EL@4B5J^P>*4?DX;5MZ!57K4'UQD$$+-]HZU([E\B@.MO0"A==Z&6:;I%G4
MBGN(@_2NH^\</PGUTY."85!"'2*@4*65CTV!``@```!!Q25L:(^A`#@R9@,-
M'#"%#U-<IJ:4`%W@P@HQN';#!C$LA<B=,=010P1P1H$``%=P\')W^U!EJ`8:
MS,`##%\<L$TT:T!C1#0$/!#UI5^\_Z'H%Q*8:5VGOW@C1G:C<E=4'2>L6X`F
M&J\S8QUV=(EN5NYNY5:&]!EB'WYNW]IK?_KE(,4Y17@$DBWGL8B/'7H-)!:2
MFD0[Y()"&8Y2O&O1$5_;>=LC(HDR6XNBBFLQM:,X&;I%\'8;D`/TZ'KS1&A\
M[LUAX86MEV0ZB\Q>=!?IAC_.CU2E_X'P8"6(,(<)?"PFR2226FPR#LW#D54=
M45C&@C<(9('`R&E"#X`8`]W1A`NGH!)#%UW$X-`AJ^$1\P8X%Q&%Q1$$4<8*
MZS,[=`H[P`!#"F7Z0*6^8*DU2.,:*?C"#[;Q`TYQS1O8$=4?ME,J>]Q!(OA!
M&ZS8@[9LD?^+<G'10WL(1JL8O>T/"VF(?B#BJXKX)!%U<$H&4S*X.71$A+G`
M82'*,PX(\>4E,9$6>WIRB_0,!(=*TI?:$E*(M#'E*$GIG(G`)2\.EN4/0%&B
M3W)1,)-<!$+JZD`7XG:(@!D$6[RK50[)N)6+&)&$)117+N#"I"+VBS<:BB.1
M##&\TW3$!#^(!C%8<#$0&+)B%`.`%[S@B"@(J555$`,($)"E'RP!"@<0$P0\
M$XJYA`$,>$"%`&)P@Y?M:H<JJ=D-<%:&$H```D100!N*<$IS5:$'&B##$F"P
M`PVD(`N6"N8#C-`I:Z0@:]O8&C:,X(U0,2AL%4R2@5I0@"8&Y8[_NNL0J^+S
M2-*)\(RW6)Q)C,3$/]PMFD%A(=_6T9(C.*4#91`<$!20`SVXQW(=(9BK@D:2
M6S4NB#R!78?HT1(([:-MS@(2[EJ7E<UU2UN?*Z>K[B`Y=6!K-WK(Z#>YR;9\
MH(0.V[F1Y3QTEY'J`2@4M4DHL*G&.5HN=RFQ*$&*I+I_P!$1#L)+/I5$TQ+"
MA5[<;!!>--''PAS/!Y*"@"&O<`4/-!4`(/"`!PSY2B_XX1+^R(,(N3"%*4#B
M`UG8`5(?(0<-]$`/Y%E!&`K@&O.AP6<"Z,XHVKI*!:R@#&&(`!%*4((B.)%#
M-D1!+OW7RP8*$SH.-*8"DYG87WP@&,X$_Q(T\V;#A4QD!9B@5B8L)X`-K*``
MH"W`"D(9'X+TY0CIDZ(X]%"'#6S@""*,SR@_&P30WN`F=2N$976UPKW]BG=8
M/()$B$6.8QEF%#<H0!""X+,CQ"><5\D#*8YP%>`Y[EDIZ<(&UD<M4M3,)C?@
M@'(+`->Z_+5%,1`O:$<;5VM!\:&>>TJXRC@(\(K7?BPS[TG',@<<VN2SXX6K
M38X0@P+'(`@9Z``'"JS=F"4K#YVM67U;.]X-/%<N-HD!@&U+6B=JP@XO$X"'
M!-`%]9+W%,G2BZNZ("A^[*.#<REQ:'T6L[KD0K8;N*]H0^F>HG:D!!4#@)^<
M*M6I0O60ABQD#_]8]RX1-,P#4_C`=;0G)BY4`:US*<*>\)`#`H>7`VAP[LQ&
MZ5PT1*``-RA#$,!0@#(4(37^.HL(N)#+)>P`@&3(@C"4!AW$'H`;6)O.UKK6
M*!]$=BV374L,P^.?%0G@!@J@``7NPQ`*C"`(=+H*'=I@Z6(]1%@G*($]'ZV`
M$[RC`RUH`05JP($VU2=7F>,1?R@PJ-?9@0,CHL!2CE47#HQ@TJENP0FD4`OC
M82(@>BAUB2#DN)',(2,G&$\3Z1`$2W,@"+\.=JJ'S8%YG(0.=\A!$(B@;0J<
M`-/6<JAJLQ+1(VDB!QR0PJ3O,Y%+URP@[\+$*`LP@F"O2]*7AO8)!C[_HJ>8
M^P267H%A[O`5*=0,%070R+K.3=TY"F`%I9XT$/X]`C!LP(=#.<+`RV`3;%-`
MVR=0@(7C58<1I/P.5;&A/NNP`BF8.B:IMO3*\BF"U@8!X<&V=`&V2U0H$<8-
M";A"5*]@!1!$P0I,;6I4J1KDBDV@"EK4A).3P`4N6`$"D."#R"PC)@QDE"!'
M:$,8NIV#-,3@K6@(,T79ETH!<(`(;+5-C1_LK[%T@@PIX,$.RE2F+"3M%\0$
MM'22.>A@".,#AU9;HM=A]USKBF`&R\,=CE#M=[2@`_/>N+!U51*:WX<C11$`
M@L$RBE+'Q-PN'U$&3J"#.SP+5RJ,%8!:."^"_[2V!AO9-4AB$'%X?)XA&<@`
M!<`PCV/G0@I;^!6T`"H\&Q:@`QE804$@+(4$WQS5#+E/!B:B<MKY?@-A&!'H
M);WQ#IQ`>B!Z[[J90D4GI2'2IPZ_\4>P`I&T9RXU]P[G`'JHEGP4T'D,\7GP
M$'XYIROVI`"SEP!T$`,*D'_M)P46A@^<5W`#R!"B=P*7ISB:L`$;5P`4Z'FJ
MYH$M,`*ME@E0A"PRMP\V@W\+&'K)QWS]-0<;\#<))FDGEV`C<`/UT$<E<`$E
MT%1.904>8`505V13)56)9#%"=@%H(0)2D014$`!LH`1*,`D@TX6.``%^<#%P
MH#BQX0=%$$KGLP)HT/]@I]0:SE4`1-!_*]!_9V$MB/-W_*,H/Z`!/V!XOC!H
MUZ`-T^%`CO<!4Q!YI%,.[U!!XW0$7_$.'+$C=,!:,5`#V+>""@!F;Q5I!A@$
M%-4@==!]%!`#99$6&9$!'%$''+`%LU<`7>`:1W`#09`J"L<CNQ5K^^$KM280
M*;$!-9`J-X!E!E(#U39[S'4#GR4%+:!\!=!\*/$W%(`'/Q0AU!<0'(!JVL='
M,A1]-4!>=5@`^#=^(Q`#Y(!6!)$#"K`%*PB++,9OS8@!)I(#[P!?6M$D!-%N
M:+-YP;@N4E``:"`+I39^)X`&R7(0'5$':%`VT?>/G!@$\G9FN($;&'<.S#7_
MD=UV$0@6;>H8?4$@D,V8`4$0'S'`C,EW;CZSC$CAC")F*W,0`^\0!.N8%,EX
M;64S>UV0+/EP%`>2$SF$!_VX@LF(!N)(!%N`@S8$?!GPCS?PCOW6`AE)A`:P
M`!.@=%+%=$Q%9%-%,1!P,54G!V@Q""(`!0%0EFQ@`6B)EFRPEI`Q9V<%$#W@
M!Q'0?Z.T`2'65H@@2BL!!DQ@89Y5:]K2-KWA"60P>"E`!H27*`MD#0T4:-+1
M-=[P`3Z`B`C0!V`#4N>@`.ES/G897IX8$PK0?$1A.3F`02?``3E0#[97".Z$
M%.A0%X:Q`DBA`#UG?A?A%*IB?13PC)8C<Q`6!)E9_QZ8D$*\I7NS5F.H8!,"
MD`:TN)+4A#B#8"!`1T^A\&$Y\!7*9XYE00>DZ'_617W`DXW$@@C`UP$J=QZN
M8@>C=(P=4(Y",@=H,"(U@`</)CP7-P(Z,(_<@IRB)$HYD`.BA&_?\A1N0`]H
MXTX;=YJVP$?J"`\4L`'I@4\W4#8M4`,YF2"$L!IIT'\GA443=`[2-A;4%H%!
ML`46:AAS@6O19A,2H7S==I"^=W^>]XSN<C>FIBHVAJ%'T(\(0@?I40<C(@7K
M0U0R!((YH%GX@`HK8&%2400Q$02IR4=V]X\):71MX`!-T'1+QU10)W5!1G5=
M>3%,X`"L,@=)<)9EF:9J&O\"(4`%23`'QD,5==`&%9.&!+8!1=!_>$EWK`$&
M+O`:&U`&@&DM8N$`7/`#A7F8`)0HVK"8BU>(UQ$,7:4E^2E!VZ%MF#I^[0B;
MB'`>JI>@0EB?M[`:`N*B#R8`$$@!F*4C:8!]]&0\=BEB?;%31U"/WCF<L-9;
MNQ<3(T`$(_"K+C=P]/84J)E/`")Q+:``]P87<Z$`J#:29"&-MVJ-$W(0(,40
M-X`(?W,"M[4^!1%NN-:,]#00=0"<M(9%0!%;HV``)G($N39P\!JO\CH">(!O
MGP,A>5"JW,H2Z"H5K-5]JE@D(Q$1ZZ*LY]$FG"4?:`44J),D(SH"`H*![44>
MG87_/XM&(K<E19:#!Z6JJC!'"'1@']AWF@(`G9IG.5T@$>R"4CLDGZX6(<TX
M`FA0%_=0)#DE/-UW`F/T#ZY2!SA!#D5U`4H(`$O(I4Z%A$5&=15S,7XP`1Z*
M17J0!"&@EFJ:IFS*IE00IT/A`%%@!EO`!&W0!"40!DP0!@:@$M1E"'>PMJSA
M`B70,D>PI+&F'YI0!8)%!H`G`0F40(^Z>)`IJ1)##-\#-A.4@*HV;Y\W?AU0
M`T*H0_EV`TAQFNBZ3Q8G("2"!ZZ2BC603W!A0T[1`AN046O4.ZNA$2,`H[K%
M$,7)+"PD?NLR?IIZ#I86!&FP4U)!-@Q!3UB4$^A:!Q-*_R(+.@ZDF`,_1`?-
M%I[8>A:X*6W?9!`GQ8JI8I!)^C<C8'LD12LF,@>;DWSPT+W>FWP&6+M]<:]2
M(0+"E6`<H#LNY;L:D9M`6ZHU<`2:-3J$($(>VK#`@R[F:FX;@#@Y0@[N\!2K
M.B0EAWTC`%L%85F[F6*9-1+&>Q]!@$7J`*0',J1IT+X&:;],9D,CD!2V$%,%
M<U'"8W0ET`1,<)5.J)5)"Z9!Y@>.A$4BP'5KF995:[4!@+56*!!BX`=FH"81
MX`=!Q@07,&`ZL;9W(@"?U#*>E3K>$A1VFTN`IRAZR[=]VPW>T%6!"S((H(@G
M,0CB:5=U6(<<H``8=(`"H`=:V_\C=B!#\J!!;:0/I8EJK>:CY9I@J\JLP@($
M-7"DRB)"&V*]'F*ZWIFZ>*.K!-L!4I#(BJP`"E!;MR50#V(@XK&P:N$1P/>@
MQT8.TEJ-Q^O%R0L0E_QQFL4>-N$"J!::!;+)V))23*8VFT,!C!S+LCS+S*<3
M]4<MN)8!\<M:59$>>0`:%9@!+E`5`@!\+:!]>)0D]PNB/*&1QE<$];`A+Q9#
M"3:2]DO`!)N;MW`WX]HO/IH@_?6[-2!BZG`'+LM'V3A/'[Q3^N2A[Y:SVBF#
MA+`A1'B$*QQ5*0R%2EMU3!`*#7.6:8F6-5RU;6H\^*8#EF$&7@D!6^`')=`#
M1#P.1HS_MG@'MTN:/TTL-,V`MX#W!0E$B'X;F8@8N,TQ,5R<1ZIC#OA1.$15
M<J[I@&$IG3<0-P+Z82L0?`&1!D&:`S7%6I][(ZXRS^C(11!FNL0K%,192YG`
M0LIW!`["40)E#\<2O(EC0\`)NL=&$-)XU-]9K<@[GAZZQA-ABO!B$C9*O*Q5
MBT#PI_-`+70$(PZ%!TC$&QP5#N2K"4Z1`1Q0N\I9%_YYG0,2$#62%"ZR+%K!
ML,S\%[8#G/,D&?=PP;.G&^BHS'\`$ZJ(;_:1`9<'$,ZG!VX@$2=`O'P4I.N#
MJG:LOJSS86"P+O*@52!$A%6)M$4FV_J\SU9'"%H`T`$MT`-M_[5O:A)BL`4X
M8`8``,05X\)-$!_4M39%@@KP,W2Q0$L9'11ZX``HP-&*PK=78PT0)`PD#3(`
M\`R)>)GF0$VQ4U\"``:ILG*GJ(.NBB,683F1&U=H7`?7IV`^.0>_ZP(3:U,)
MPDTJ89>"C!>Y:,@=?*Y>I!]S43928`M7L2/?D6K2%A";S&S@Z<E@C5*AS!0M
MEVHQT!<;T,%;(+,VIB1P;:NYPQ[Y*%^9-0<8!*PP'N,NERK-9PZ:+:#FUR/S
M_*$=$**<_0?`>0*895J;%<"36!7],-@CX+_FA'WI<(IN`2`U$-GL<\Z%D`8=
MG"(N:>)R"D45>@,XX<9\1,)5><_Y//]U5!6%%2,'H7"F:LD&(8"FO6VU5$`4
M?=`QQ%TQ"HTQ\6$`(+L:>KD"1_DR=5@&L^,M78()AN()V7U,?'L=WIW%X?T,
MXGT!_O!%()5J8,`5Z&+?,1&_OU.^-ZW9P'/->304!R[9FH`'(S("]>1[[[1R
M;S,'>$"+-G=RJ0:\!*ZZ2GV'OA4N_30W"1$0O%9]\6*\J2:!X,R=$\'50.35
M&)ZM'DH'N&F.;\T3S-@":#"K"^EY($B?8BXZ/&F/,(773^%M":(1Y[#N[-Z]
M]'8?M&9],;$"2L1?9<3C/GXK&REMPVX[ZM("02""XD*P*6(WJ/;DZ((YPC/E
M)^!"-4':AC#_V)MK1S\.$#_!`1+7G@5`G]@TP@E3`DUH2%N)S_H\\H?$S^PJ
M`@Y`!5R0!%7@YA8PYV59T-4%)L-=W`!@!GF^,$_226@K2D.P!0IP`Q=0A](]
MW=]V!U_B"6:2*9H2F9.J)2`#WN+M`Y:^0EY,*JC;(WJ0!MT'\-[F'F4`#^EK
M0]=,+AW<`K;P+)[.'2D1`T%JK+-Z!&7PE(=[`B-P'TJ!%^>DBTP=[V;!Y1?R
MS<4^*_\B(.SBHR/1G9Q\X=<*UDT4RODP)'/@`C&Q[;-*@06G?%+0?W]E$?3(
M.0HU1.""-F3S%*$56F60^JQ/>G/PN5V@12J>1_@[1/O.$YCS$F;S_Q;`<LEM
M<DY%Q!<@*^54KK96_@==$/<#H3'7KE6^6P,<2`%2T"X7T4<3H*7XC$@D;_+[
M[)7@0%0&#?-EB99\P`;C;[4BH!-NT`;&G?-[[@=2H@=5,`ZLD0H"4`9GYEIA
M/+=P`PA_@G1U?WHF2S^*/P,'!Q]34PB3#94-`)8(4SX7@IZ?H'-T'$`=!72?
M<ZJB=1L40"<KJ'6J=&5`&1RJ`G.>HG2HGR,9+4>%>7IS=2=`([P"01D49;2U
MP!M2'4`44D$K,4<QS",YP8(QV@5WH.R]@@+#%&ETO7EY?^:>P(+V\$!2`O"M
M\D6H`)`6-^CD`49'BK0<?WJ),MBB"T$.'?\ZW/A$1\&V#;Y2#731H04'8*KT
MU#%P0\$);=L4N&%'4]`<`:^<U=PIR.,)7KV6-:M3AU`=.\"(*BTZ1P0^`1X1
MVJ-'4]6G>Z0Z@(P8S&H06!M0]1);ZT\!8J>LAEJEZDZ-;6[<'4F'[,^]4`+>
MGC@B2E"=5U+6";H!N!`_<_E2U<FQ0@H%;2U.%("(;^4%'1A*>``!PH,'`!`@
M`/!,FK-IS@!2@X8P(:([.GJ2L+%`.P";#S]V6)@=($"($$G<]7*SH8T?`&:2
MI]:AZBX=`4>.0#]21L&-#1MNK)#%L[MW/0XT_,A"WH</20@LJ5>/`'<G[URS
MG@KEZPB8@U)B_*'_E>=.$5P%-,4+2@-U-<<(V_#BFC)@M-`"&G-L<$(&-11%
MCS)UI#%""\UPD$-1E1'1C(+!;)!.8A'5!(\T1\`'2AX",`.00.ZD0M%&GM3A
M$`64<4611?I@I!$H;U&PE5HVK7*'"PZBP1!;=0BP00$O9="!`@*(I0^*<^3`
MH4XUL<6.3UFJ4L<P/ZWS"RI)":>''I5Y!`2.YM2XH"=8E;(5/C32$<T)>])$
MQUE`@%$-50M*9!2"%-`"S%Q`!'@/DI[DE<$):?ARQRL5>M(%8`$=YLM`:RES
M0Q`GM"`-EA%9AMD$5W@&`@1>>"&:!['&>AIJJHD&`1/5"$?%;!;TMAL9_U!,
MP48(O?E&A7!\PL$$!&;8"H`??8#RW!%X2'=$`26LD)UVW+EH;BJ':*`N%QI0
MHAX$E<#;@"8_:'"!G3R-4HHZW<5X4!!UW)-'*QPJ4(=*CHIIF#*O_'3G'`8,
M,T(:T4P#BAY0M=!!#0(D4X\R(I(SEB`F1KI./A*QXP\%+9[[CHP!&493`1S>
M4.,=.Y9CTZ#;`.F)D"MPY!$%^KF&XGX(MJ#?/C;9%"4'KT3*U,XJ4I`!F%6)
M^0F9=UBUHW2NT4BI504!V%4>8P_4WQ\<6+F!/49[=6G+8=[@H`(YL"(<6V/%
MD!.;<T!:@%UA@^+6I6DX]]<_@OTA#BRAIC@JI?^3[Q=#`5934``MKF(P@6<`
MU.H%`+..5MJN(/0:&A,&D"H"%+359AL?.RBQ[&_.0HN*`4PDEQP$V&H+'1YX
M0*=`&-=EMT(1,KOLXAQO1B^"`U/,&R\-#<A;R10'Y/8>?/J:<K1-:$,MS0IZ
MV!/E2R-LH`?3'*%R3\D<"V1T$"4I8'4-='-5!(<<L\>DTB>4$^B,<.B(%)M2
M(;E/K*Q_YO+7C+I6E1MQ9$>9VME9*.`SNP@)1W;)@Q1:8"37"`!$>/K#IBZ5
M@[L0;DW[$<`*K/83F>'+%W7X4N0$Q1!0*.!2`6G.?7+1-;ZMPD!6J<,*M"&%
M@*7$A8,P!U+8YC9[#*3_%E\!%$\B-(XCH$TA7<''/N;``54I($F">^$-Z5"#
MN6T),.98V=LF=<.[4"Y%S[F!-G32N2B$#@>C0TVM.D/(7:EF-:+I0>%D$[M&
M*L%VOZ$"LT)`!1'@2UK4,H-H`-"'&M'A#@*(@2@%((`P$$&4&UA!&:CA/._`
M,%'@F0(FU,,"[,$+`3[(C;U<R:8RBF\G5IS##YM!#X9$)0AV"=;DE)$T#MAE
MC*J(P3`@`Q(#^0DM`5G(':@2HZN5XS4EXQ?*&E@I1D'011*,V4YH-B=/YHP@
M/P(%T%QC#Y\`22%H&T@A;M$"@^%+2X8000ZB8HRF&=2!5L-:.TBU-2"&;043
M_SI!#*P10N<DBBAX>`G1R@(WAIH)%6W3R"_&PJ8_G?,3&/NA*0ZV%@$B8Q@F
M@5-$#)`.-;+C<)A2'!PK%8T,;.X>2($;_+26I"<BR&&=FT!H2,<96GD!!Z;;
M#.H.N=0F7,@05*#-(Y5@`:YR]7:_B:0E06$`/_P..0#0`4=(&8,-Q``/,6#"
M*=NZ@@)LKI7=N:%-X(`!'Z3'$MC#7@.F@)L=&/9[.^G+*#0VGYTP90,(ZH"A
MK#+#2ZV@*6O24I0*T(&KX6$0.5*&+_\1*HFHXH<4*((=\&B7FX1,`&A+43@7
M&)(;/K"5Z;1?.RSH"3M@$)[2\-D<\O#!L$&E`T:"HO^![N`*6-P`A4:+R#TX
M]Q6E.:I.H<CAB(S(4)'\X8=[H2=4B&&PQ++"&/U0@#;P-H?5BA%^E5$(VTIA
M,[7LXYI:W,DG[0866H1"?0+@[-7X(I8TTO%%E@JO)S;U#W/D@3#;T`^E&-+#
MF@`#&5)(T,`,<!G/;68SH'GJ4R%0&JF:AJJI*4$U_B`"-GCUD5V-<;'"*E9\
M\:Y:J3$#`,KPFBB%TJW@B,`(PI'*`NB@>7@UUP68((<HN&L]A,V-87>`V*RA
MP@[R0?*+B@FUCU1CO"T8P43=@8QD/&>&![DK**J1`V8@Q+\CG4/%BG`'.KZI
M#H\C0D!`J8IPGHR!=NK%BEC_AML)S0A1VF)G`B2GHX<`EP(V^T16<#0'4!;I
M;5=<12O:>"6B#((HI()>E(J4M_?IM5(Z-*\:K4(F>MH!HFDN4TJ@%`,%R$1]
MKI!&$#ZTBH$)3!#;_%DI.'"P9-!1SI<*%#OHH2,@_&,#T+/3P`1@/LT5\QX&
M+AR><,J7'.V4'P/%10UB0`<1>`QZ_>GA<RPT:Q4NXU*%2*J)G5HK0)JN,R;F
MU2&MD#=5H,#%6^5JC`4^8THF8:R?N+$FEWKD>X"2K=B)P0W\$`;B;:`(8&!>
MDO.:PK("``/M^JLE'H";%$QY!TNH\D*O7$8%HE-.Y$@&GA%DV1-&!&$!MEH&
M@I`E_RC2*`:J<H9]+R1@@\%-*9#-P(B^Q;P(:0-@?*JMRAB509>M"$NBT.L<
M;E0+6OQ6@\$5#G&=O:>BO*4#08@!J#7-F&$`H09XL`J,PA"$+BAE%G7`7`9<
MT#4XC:]5J4ZL"O/):H<VYR8"[J?:#X8,C%)I"\X(F`IIMJH8]%M]40*'8/J#
M!J7OV@U*.6%[_Z1L;;57FK@X`1H^M(]I!\%J+>`Y5^R10'4<^"K<=N'BI"#?
M5HE#Z2-8P8>J,;#,QUL*!8B!Z%7R',[V,V8<?M5G4A,:>N,`!%;XL"&IO\DK
M&(`6+0[X5F,'XV(MJY((SU'O<*!),_CAR'6X@X])F<HC7/\```H@<A'*4*Z-
MPR</&/`K8J`!Z%$)"$!R?&!R4+`$2X!R*K<6O<0AC94U^H!Z+;`YM0!9N/`/
M!;`!T3$E%+`%Y)4&6B8(`A4-+8`^9B9&T<0H^1=_`M`%KT<,L(`&-;`%_A1.
MH"5UH'43YG1JB=5-`+$0E`,,9X$0PM%H\@!<2-@T61$T@H`4-:`-6T`!"L`!
MT9$#4[(ASB9F*_8'W<0-'=@M+:$J1G)5^M`..`$+''`!*^"&</B&VT$N83$(
MX-4B5B$*T)`1R.4"-]`M1[`!J((+S\<*,!($'`(+W@`.H50`CF$H=V$'0"<-
M'2AQ!3`"98`4I)<OM7`#"%(*(\#_`>`0B"ZA*OU$@F7A.`!B4SM8!VVD8'ZQ
M/W66(W2`!L-`#%(@BL03`QS@$D2P`5$2@BV0B][2$ITU`C>P6IU3`JFS&B'F
M!9IT`3T0*[)R8J&S5)W1`_3@`%WU2)4P?@07`+01`NGW"740@+ZC8SU`%/)W
M!P\7B/9'`240B*E4!!<P$_X7)C5R`<<1!>QR'H1%<@?`!Q)@6#RP`P>Y`W"0
M5S72<H.C:A=2!V5T/C=G/*JB=,A5$AFPD13`<U3A<Q%1!#FQ("BC1+!'`2,P
M`JE"0D'PB4$'C'2P`1((.#SH0/'0(G^G(A."-T2X1DW@;)=E;$H8.1,1=N1#
M"D``$C4R_X4E<9%\R"&==25CIFE'@#_.5@I\Z&R2<55D415'H'-\&)9960JX
M`!!L<H=-DQ(2&36E\!@.XFP=$(HR0P^'R`RX\)07F0%88AAT,%"F2$*XL`4\
M9P>;*'AZ(`(B<`0*D(A8F1'.=BD%(`"SF"0Q@`O.='N#T!\.H6"%L$*\YT+*
M8`>>B`M6HC&/H0V7<@.DI%X;F1&/L8&Q8!A)I6^K`8U1,#VP4HV\LDFJH6(B
M@`+=^(T!UTC%8@&5A"_N<'^^XP5^<`%+X8[L:']M``%;0'%A$`9ML`(EZ']+
MH0QP(`=^X`?^B`4:\`@?P`?H69`GQP,\0`8FP)`_0P&:DR_0-/\PCF&%"=,E
M*S`";GF5)*0`P&A)`A1G]#`T`?(DGC0P^_D*D$$!8;`"`@`&G66%QE`4KF!M
MNI4B-W0$-4`!!I23*M*A!F-J:X0Y@((VZN,"'MIM\>&A-V!'9"2?F&:'VU``
MI0@3;9F+_"%&R'`3C4$!#@(3W*"=1W0A=_0'>,"?\KFD3-JD0.H"A2`*^C,"
MK;,W&"*(I]F4VS`"!7`$5!$,GT04&W"C5[D-)R`%"8"8KH$QKY>()"0%-B,"
MB$BEG"A`49(`CH&C&7$"`'I"4Z$0JI``\LD!LWA'=:!>0^9";G`"5CB9"[)9
M(Q"6=XF2/-<4.5`$>8J5;PJ,R;`?T9?_&=-7FT_E!_W6`]F7;ZJQFQY@`"TF
MCEW5`,/)5:Y:+)4T*I_@!KWC.U%P`4>0`\9P0O&G0G*`'&:P!;12K!.PG4DV
M!PZ0`%J@!<ZJ!20P`9W!!=:Z`S\PD(8E`=R*D-[JGN<2@\KG/#'H@8*A::'$
M`79E5Q`*(J;U&JM`&'HY(``%"G8@`#=0`$%0`*(H&'E7`*H9-G<0`UVP0]Y!
M!P2K=JV$L%V`!R`:@W;'$4?0!>0&"N*J()72!5W0."HT-,"8`S>@KG8EBEE"
M3JW%"C&`!NO*`<`(/=IVI/@@2C([LS0[LY'S'!3+%:E`%5%25RM;L""J#):X
MK_QZ`VJ'AL-U_Q-=L++*]V5O!:++AF<B6[1ID$U540<W4+#>$0X56X%=<$Z>
M%(-36P#?(`"K=43IRK2E%12?2JV@\8PX``%-X`YU\#FHNDFSLE0)(!OB.*NR
M$SO-$@"UFB3F&`5FP`(ZU@8>Z*M'X`:@%V_#BF/(82MAH*QX50=:4`%.4`%Q
MP+EQ$`<38`5<@`$H@`+B\0.T4Y`2D`*LFP(%J4CY&+N?P+$,)!*'>A`;T1>R
MN[N\V[OFXA-%DR,@Z2+#Z[N["[4\4;S&VQV]M[S<:2[*NHS.2"N`Q`3*X`FF
MJINI4WVB`P$80`5^&[CBVRR4%&@Y4@?KYWY%8``>:`"-"ZQ%81S4>?\M6Z!)
MP,*[39&YGONY_,L%$X`!"V"ZN=$]4^:ZK%N0#^B\^*L*7TDA!JO`$!S!SG,'
M'BO!%GS!&)S!&NPB2;5)$(`#]M8#=I(#&*"]S\A](,`LQE(LXJO"@?LL->))
MZ.L[`%`$[>N^;@"L]F`<`+`%`!`&DWN_LJL*!J`%3M"YGTL"20RZ)8`!`YA+
MJ)L;#`@#)P>[&^Q_JF`'0W-9&7K%7JS`P/O%8CS&9%S&W9%4U`=(<:MB@9:]
MA81(I/.V;+#"X^L;XSNXH6`'=5`"H>-^0Y``V&$`.-R.?U`&QP$:)6!69B`'
MR/L\=N``3K``<>`$1QP'2IS$_RL&6!`)!*G_"(8%`TN0D`ELQC7Q17[S#WES
M4*2\RBY#P1_!RK`<R[+<NTGE!]0+2%'0.MF5F[+RMH>4&EPPQX#;&RY\QY8$
M+961`Q<0!M02`6V@`_9X`1O@ONR8!TMFK%N``4P`PL"B;GBU"CF0`)1<`?M+
M`DB@Q-.Z`"8@!I'0/1*@".IYD"DWR\`D?U]!`41*S_K,$V&\S_[\SP"-QB#,
M?@!P+S<T!]DK56^[5$NE`>#K2.-8S'9\G,BL#`8`!SS,!"70!#IP`1Y-S=`I
M+=17`G(`PGX0?Q928>:2=>&\`$BPN9I+`C)MR98\`>IL`EEP'JBKNB8W9:,\
MRP-SRF:):$`(T&7L_\HE9-1*O=2DW$<B9BLEH&V?D`-V:XT`$+>VPAI)0'[5
M!P%*4,>4=,PIPQ66T08E4`)MT`07D`#N:P"@YXYWX`9RD!PX8-9F$+>/"]>T
MZTI$O``3\-?FG,33&MAQP`4+X`!58`)18!X$O`,IX,GV4M2Q?(A6<EDH0;A,
M#<O]G-F<W=D7W#DE+6)"K'4+D'U6#4B;%`4.$`++X@%+!1I*@#OD&QQ2#6S1
M<01PL`'2[+[2@=+NV!\Z<-<X@`$8<-<08`#RIQ3NV,@L[=<3P`#0/0$R+=/1
M;<X+<`$&D`,B4`4.@`+6RBX[0`:+8,7_;`\012%<`:8PZ]D;C-2EQ][P'?_?
MW/FIA@N-```'DDW5)D9]M9+:59`$#E`'"U!]J=$`%N#"OT';55%\=1`=T)$#
M\!M_OYT'907"3?Q49K"..>S;S-TE0S"MT%W=T_W<5L``)+``"9`#*OXA=Z`2
MW2T&7("M&D#>LUPC]421.XB&\OW%F[WC/O[C'-RVU>*]\#$'3:";_+U)3-!O
M<X`"U]@KM^,L3N$=R4T4C\N.$FX/;A`%(!P%)3#01^;@2U'D?Q#.2/#<(2[B
MU!W=,J`%[*OB`I`#V4T4>L#=Z_S3L4P'<'`"6]!$%`CD&!P4"E"%LA!;@'[H
MB.ZI'18%MA(%EOL).F#:S0@!(&`MH_$A$>$`E;[_5$IP?6SPZ2'@`,^S%,\9
MK!6%`=Q<`G>=X4=`S<K]/`FP`#)`XFDNW=(-XM&]`&G@`!NPXBI.%$F1!U5@
M`$J=1RMP4HD>Z#&[`@%KLLG^[)[=1[]R+RYR`:=JC=;R*Y)'!P9P!2P`+Z3#
M`G$K&EP@V>9(ZM#I0FA3!VU@TB4PJAZ]VU<./@8P!&<>XB4>W8!-`K6.!`G`
MZVG@Z\.W%`NISRAB%-!^Q>Z@Q]"5\`[?V;7,'.8N"`9@M_O=O1,P7/B@!W.]
M!FO@!PAPU[4"`._I/%GN<_+'.^[>PW+PS!T-!]_G:7FES$V`Z_FN[S+]UR$^
M`3*0`#Z?W<`JR#%/%,1N__`&HLH/K\$3G_1,+\O+.+=+OQ](<#J?\<&VP@0(
M)]?L9P8??[@LX`4@4/2R6WPZ<-4X8)UH_<SVZ-9*X4JQW@0Z#]TWSP"`/>MH
M3O?0"L@&$.$K(?3O7>-\T_2!'FU1+_B&+\:=@P'^=2X+0!H*;?6B$=7TH`<:
M8`:7X`<8X`=;[P<R);M$'P9/M05>7@*K%,VMGM>"\EY%O`!.`.)S3_=UC^M"
M,`$5X/.`#(Q1I!0&L&A,7?B'__O`C^B)_^@T,8VG,RN!=!QP,/D8L`:3D`4F
M,->(>]*\NV$]T,1M4/HKD-NMWMLRST-UD`!#0,YG3NMI#OO[_MQ"P`!M_M'3
MS/\42;$8!1_\]%__]A_+P^\\#G"JCP\($`"#$"4Y<U59:XM9<'(`9GYR>G^5
MEI>8F9I_>75U;@:A&T>DI`)UIW5WFW]T.0D+315(,A,,MPQ6N!.\$R2^MD)"
M#%H7%P8;#@9U='1SK74&K-/4U=;7V-G:V]S=WJS-X=_CY.7FY^CIZMK1%SH8
M;77;#A,>]AX@(!#[@A!,!GK<^%BT)HL)/X+\E)"GCDXG3ZARF(+H:94F.@:&
M-%G@Q`F27[=TX=KEZQ<)!L*$%+L`9\.&!,N:58JVKJ;-FSAS7M3)LZ?/GT"O
MM7L7;UN='E;LY=/G9=`@$`[F)(BP)<(3,!=8X#!C1D[_33HS*7HZ=>J.14TY
M-#9IXE'&R9$B;]GJ90NEL"%IC"5(L,%`FF7/\C@(:F[.,\*($RM>S+BQXTU#
M,6!@F&U.#BM7\.4#T-0IB!YUX/@9)*D-CM-FVH"UV:D9Q#O,Q&6:4T=+$R05
M.GZLRZ!NW)%R[9(8X@`.G`LPD86"*.VQ\^?0HTN?3AU;Y,G;#"/)O)GSTWPE
M],"!9,9?E-,X_#372?M..)F8#->!14(&DONU>/,>V8N$_Y3#*1,*2Z'DD(,!
M!CJP6G4,-NC@@Q!&F,UUE&%C6`]*;2;(4B!<$9H9.+#`@A],H,>$*C_!-YLS
M:2'A"WX@U4677',!0T)*,F@!_T=QH1A7X(&A2"CDD$06:610%'(SAP/<:0@`
MA__``<%I+`!PWFE1Y)&'8\V\LH"+)-SWBWZ]]39C;T),(,2-0B`AH`,)5&$<
M<@@::,!A1^:IYYY\]GE)DMG5@5EF'@"P(0A/?F8``.@!X,%I7D3AAB>,892`
M%K/0XI9;O``'W%QRK9F2%@?.EX`R#ES0`X%!^NGJJ[#&^AR@VAC6A`?<&;H9
MHB!$X<"5.#R)GJ2J4(I8-!7(PI%'FG;J:9F]C9FF,/Z1`%,.=30!`#&O&&,,
M'`8L*.NXY)9KKCFTUMK#%;EN^.13$Y2`WC[HJ4<18J[TH`6F%>3&+*?[D<F+
MJ/_Y)_\#3)XP`($7$!"Q@#+&Z'#!N117;/'%F*2K30+WX'/H=R!,X,5I])ZF
M'K;&IAA-`D/LRZ]NM-`R)G^\^*=FM3?6YP3"!A#!F1=-15`"3*MB;/312/>I
ML85,+F5HHHB^Z\&4P5*-`Q-N"(!RA389]L<<KJ3!;[_]=L3L?3+O%ZU_:/X7
M1WU#]%7'$%0!L`70##.00!IP).WWWX`WN+2%5G#XL5.#C!PBH\$NX-<R*=_T
M#&V7+D"V$_Z:C79;`#]["\'^(<'7I"4D;E4$"WLA=`*!M^[ZZXD-?LT<)=SS
M='?]<!:B/X-$P1+"D7=M&<O+FJTY$F>?S>DM5SR+,PD[&P#_B@H`1`#`$PR<
MH0)530T!^_?@AZ^.[->LRZX^$""ZSW<0B`B!%0X,X2T<1TQZ5DWR$5^V\6>C
M[3_:,G"+YVI6K2$DX`CS05155"",6VP/`$/8DO@F2,$*5H-\U9B#`08UM:;P
M"E>%:M_BAJ`#'?3!1P@,7CHH]R59D&U_Q_O?Y@+X%D\1<#C2JT,%J@>`*Z2$
M6D)0@?<L2,0B6A"#&6S"%9*B*PZI3W%`"T,3=%`$`J7P?N@P3`XN,(L77DXW
M_<-/``.H*9!\RA=K.ACD)B"(")SAAP":F!'G2,?7(9$:<U@79KS#*]RAQPP`
M*`$5CY%#+)Z#15HH7K]DL18PRE!3_V.,I!EI%CJ$.<!G/?SA?]8DQSIZ\I-&
MNR,U'&`%S("`81PRU#Z@"(`R7*`O:4BAN-`1C40BSXO):J3_^A?)7@KPC+YH
M`L)Z8+T(,!!`!+O`+$')S&;"2I33$`$&DJ(9S1@*:$^:P*I*<814H&B%=+`#
MG,I6@3UH80^76PORULDLXTFREVHKB0&7,8%!'!-`]>&D,_?)3S]!DQ5S6`"N
MFH0^;.;##SV0B``6"A$5G8,V8M,"YOJ%SOW=QY'\\]<[X4F7%R&G"@:X0O7L
M0BVW"$,&G>RG2E<JH>M`3BPP+19L8(HAS&AFE8*PIA6V-M-EFD.<+!L;#(V'
M/,U-='^2]/^%#)Q@'P'VIP((NX#UCLFF^@10GRS-JE:KX])0>/6K7^7F$4+A
MAK+6@4F$4I\@H/:4)L#&+.[QZ3@,8P`M#(%LY_37YOAG-B\R=8QC4FK,:*C4
M>=:A=!%(B9K2:%*4;O6QD'U,9(:FG`V`RR65S:QE#5"*4!3.:9Z)FE-.%%-T
MT*$..>C!Y?:5N:).E*\OU`T-S3@!^^@LDDB@4QU$>@4V+9:&;B%!#R)+W.(B
MR0#NP$`)D),`YNZEN=YR[EZ.8QSC;*`$H&7KPM8*``Q\U:Q<^T8=Q$;."F`*
MMKCLZQ<U5PLS&6RI;=D(<EX!`B*0!"7OQ:IQ]\O?FDRVBM$-,'+_!'R!%118
M+P)UFFA3QP\K5=='*O1&#B1:U/4:#Y>9.ZJ_7.:$D]AHC.9%0A-Z<*TA@&"`
M-Y*!?OO+XA:+%[GO*,&J`$SC`4.WQ@+NP02<>$V\I<X,3&!)=9=QCOGL[XL8
MCJV&E6S>?3FA%VNRJGD78,!KR:!Y_/G<P-8T7!=[^<O6@;%R>U"$,AL#P!?`
M,9K[4,4^>$N@'?,8/W!:@B%#[AP9R4V2]\QGIC;9O!6P6<U`O"^^A,)9`Q2&
M-L',Z$9KXK]D/O.9RVSF-$L:S1=P,U)`<`\-,5@0X")K'?!$#CLD`*]"Y?.>
M,17`/YL78(R=`!*TL!<$):"V-7S6,"8P_T1'^YK1DY6?I0D\;$P3>,>@9?!H
MEV'(<J2E7ZQ5=9+')M'Z`!IS6MC-FI0:0%I?*P%I\QQ*>M/E7YO;Q?^-;G/7
MK1=B1_<X&^A#"4IY!29XP`\@\(,5)H"!8TBP$J0>!T8`[6IIXQ7:37:1#*YM
M7J::A`'^\7.MT^+P7'NNU^?.^'XGVVYW=QRZS+5NJ#=@C!Z8G$Y;LPD=@HHI
MEZ7:X`@_28XPA3Q6/]P7'EG`7D"Q``K_TH&>*K?&AQY9CKODZ$A/.M*5HPRQ
MDJ*L*?2$8<!VD]K<M<DN@SDN,<6+6=/<":P.;K0Z8EA8G%=FP,&R"AC0`[D2
M_>W\O(['/7Z<;_\]V`#@"C58]\[WOOM][^Y8B^460/BU&/[PB$_\1DK`BQ)L
MI`DR<#SD&4\7QR]@57#H`95CT03*XR(,#`#]+5(*]]+W<[*22;WJ5\_ZUKO^
M];"/?>Q+0/O:V_[VN,^][G>_>^76WO>XQT`)61)>TQL?E.WH00EES_SF.__Y
MSB^![Z=/>]7_OOK6!S[LF]!\Z6-@BL>0A]N/3WXCNN$XRB^A^M?/_O:[__WP
MC[_\YT__^MO__O`W!I'+SW_D#VCN`!B``CB`!%B`!GB`=+=__;>`=.0)H/!W
M$!B!$CB!%%B!%GB!&#@IH\:`'&A$8!-3(!B"(CB")%B")GB"*)B"*-@;@2S8
:@B[X@C`8@S(X@S18@S9X@SB8@SJX"8$``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>u53165u5316520.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316520.gif
M1TE&.#EAM``T`,0``$5#1._O[R8D):*AH>#?WQ84%34S-)*1DG-R<F1B8]#0
MT+&PL5134X."@_#O[]'0T.#@X(."@L'`P`<%!O___P``````````````````
M`````````````````````````"'Y!```````+`````"T`#0```7_("6."``4
M4ZJN;.N^<"S/=&W?N&Q*XQA$!<9!(@GTCL@D,@#(.9_0J)0&((P4#,-"R>T>
MF=.P>$Q^&40$P=G+[D;*\+@\-Z"8VGBE8,[O^U,&`P)6>84C?XB)9(&&C12*
MD)%/A(YYDI>8,I6&F9V>*9N%GZ.7H98V`@M&(A)-F0`4$J0YIG@V"$H#K[&S
M.+5M-0EH!PP`"(0'8@E[-["RO0:NFK]>-(,4`<PJ"B+:4+#2-<Z]@V\SU-4S
MN!0&+09&`Q&\$_*R`ZNZ*?(#/`3"(PLF&""D@)F(!%8&...1CX&(=BKD+3A`
M@4`3>=CR\1@A09L`;M@2`!*!P$B"52*F_Z%30@/CBSH2ZNF+!:M'/HQ*)*SI
ML0=)O7][MBA@@5/$@#H]`F[TP4`@DF0UN:A<B:0EA:$N*,:<5P]`@*84"<RD
M<&!(S1(#8PDH8.7-B`-'G140<>!?TQ48XTF@2.$-`R,%&!HS$I#P6HP):BJ(
M$(^;PG`NJ+*<X=(%CZW/ZA4P8"`"H9EB58APA88(X0DBS$T8Q[=?"WFAZ;$R
M;8>'.5P!UDCC%J&F--LT)">A\4^UBN(R9<OB>TCYBM&@KA(AD@QZBG$">H@D
M.D]V@.E$#`"/7A-%"MLU5XR?*CPEC2UV5KS#YEQYS0@.']4GG\)(,A4H6+?:
M/$AAQ=TS$ZQCWO\$*(Q'D0)S47#7!$;TYMYY?0771DQ+(4&`9Y/-D)T("DRT
M5!,C+L--*REAE$QRT460P%8!Q'/`#ZC%=]T\:VQW((#<_!`!#Q-<)@!?R5`4
M0`G]")">"G44M`!$+W3Q`Y77P4>7-EI454,J2+0"Y1$=H83&?K*)$,`$2*'1
ME(#C3+!%&B[`*!`E%"AUQ`$H%*!E1>T\>1U*D+'`A44PM-G"1T?@`,`]))C0
M)P+Q)""C0!'@E^D>`%RZ`@*90F1I!`@PLZD*`EP:H7$K=.IC"@*`BA^&,<VZ
M`@.9E@IKIBQT2NJ"D2D!D0!M(J`"7ZM9X<HZS3D*DIK>7`*4%.OUD<O_CE^D
M$&%4%*#`K7Y.B!=`-IY$:"RU&?ZA1PI_DC!6#TU\VPL4"DY1+1^3Y3?<@#T$
M@(*^%\Z+@Y.%A@M`M'-,5M01@1YA#G,I`2OPQ%*8-QFS7G*[YIV-$H`EQ2`/
M_,QD\R'1$$\8-DI2R"S;@&R./J6`\0C,+'7NPBD=H0!X//?L\\]`!RWTT$07
M;731S[JGA+\R/[N`*_H.\"]+[55M]=5><K&`>068((T!($E@7C0F8`PSUFBG
M34UT.7V<`D+0NL#MV6K7;;<H="?ASZU66,&$UX";???@A*>#1T$M6*)WIE[$
M@Z<7F3YN"`%M]D!Y$D38E.GFC`_.-ALUNE)`_^758/[YOAVFDSH%NGCEAC81
MK()H"LQU!.ME+TB.]ND;#M!NZ6'RWFB1IZ0N-8-)>[D"4J_*B0VP!7SG`L!U
M"R]9WO.H7GQ2@.C>0X(5>4L?^)RRSFY`;+*^^5W)JVT]5=B/+-T5&Z7`S[,$
M%(&Z#^*S\:RQ9Y!%`59T'I'\0R0C&D%3=G*W]ZTD?M%A6P17DX*^V6]_J9G`
MD7#F!J?$2TWG&4L^>O",U;D/>]<S78XDN$(VR2Q#T<-@MU@`L2ZTPR$?=,]_
M-B(_Z"30<Q3"&@1;V!SW2.!<B..@?C:R,1;\+GCIRZ%^=L@*MFU,B6ECD`GA
MIT*E>?$\H3'(9'@(&O\4_(,+Y/J'%$.8/O/![`W7*-P$&#`SX0213!,LXA(I
MX"/J?8]X\]B(%)6PG57(8CXE%`E&X`C"-!%N303PT]4`2<(\?I%X3?3>'MVS
MCCT@0`$&\",%D.@#VO%Q0/D@0&B0\A]-HJTC?8EC>X@!Q8=@"B)&[,8$SBC#
M_W#F/.8PGL1@T92NL>MY&MQ###=61[MU*B0"V.(OQ%)#^1U/@Q/D04`"TX64
MD81K%$%?A\36`EC,;@*U8T8T2=2.]M5-:BA1I)E6(K78`81M']I'7D"T!U'V
M(')AZE`3DL>YS;7I<@$-4^$R1#K$D>UH1<O'HR2PG:+]9T@0]5DR$)#1CGHU
M]*,*T>`6";"`@IKTI"A-Z>:NHU+.L;2E,(VI3&=*TYJF]`"NK%L#&@"!-CA@
*IP]8J%`W$0(`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>u53165u5316500.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316500.gif
M1TE&.#EAX``N`.8``/GZ^AQ\LM3>Z.;L\DF+O;7)W)O&VR&!MC6%N6.;Q$&.
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MY+_5X\'0XLC5XAU[LQQ[LQQ[LAM[LAQ]LQMZL1M\LAQ\L_[^_B'Y!```````
M+`````#@`"X```?_@'^"@X2#1@("1H6+C(V.CY"1DI.4E9:-/PTB#9>2;P,7
M-S<=I*04-R(B&P"%*D01$:^RL;$T*RLTLDP3'"**D0`-$\/$Q1-!CPQ#QL4=
MG(U:L-*SKTV-`LO,PUP,E"6ST[0GC6]U*M*TU+8@#K)87A19`YU_P3<^-`IP
M*?MP_2DKV`V9-\B%ASP(^WA0N&<APCP>`BST(.4#""I,=FR`I.$!@H\@0R+@
M\<@"")$A9>!PI.)A'HD-^^3I8Z#1@ADH04YY0>F`PX<,(U8@=V-+`(02)2J4
M^!"F!PE;H,QH,>3!CTH-+/A0`"'F3XA)%R885_!@PHDQ'T:<N#2/!`)>_Y+`
M<*1A0<.C3=>B>=0A!4(],H,2.,/2I=/`-1D54(!T(M,/''I&-.SA[E!&;Y8@
MP!MVJ=F7E1WVT2,!08(A`B0!8.!%@83#7]<JE=.M(!\]8OCT(;-[#V\^8O3H
MUOU;.'`),Z(07%37=Y_;8H+S)K/745\]PH7W)C.8)6[M9/:8>:XG\:(7/?C<
M)D[^@X6>ZW,3=WYY4>8MSZ7OWD\F^OPTY-VFQQU;F'`"*XV$X`8#2$@!GGC[
M`0?>?E/4)H@+>/CA1X9W;+A'AQEN*&*'(&KH1P8(3(#!&\S95:*('%;7"`4I
M:)@AAQ]VUX@*)N)8HGF%+!8BB2)"UM.+&M[QH?\?]17RQ@T(F#@BC%(J66*(
M'";0`(*+A#!``A+8Z(>2'(HXY1U]5$B("V'D%D8?8\"Y1YQA`/?FFW2*4489
M?(2AQQA[W(!!"(7P4,"<>K#!AQIEB!'G&#(R0L$'ZK7Y9A%SZLB("HOV^>><
M?;0))"'H[2E&&*"VZ5Y/;;*A)QN?QMDD(4\ZR$:CCX8*)Z.P`EI$J*=6V@>F
M6A*Z"`!=0-"FIX#F6N>I<,JI9D$=3MG&DD..J6VU&F8PYAX01#$7(<V]6.8=
MD2Y"HY@^:KH(CV):*>*H@RQF(I$=&CG)`4A^V^&L@V06Y;W;:GLOME+Z*(,`
M+`8)A<$XMN&'Q-D2.>W_A6;D5H:NJ,;)IQCCC4>G<:?J@2H9()`U"`]VC6$<
M'V68#&>ZA73P072-BKQ'&.ZVHA[,L?:1,;V"H*>>R:!FO.J^?C9Z=,=]`"S(
M?23CR?'/2,>9\<<ZAR&!#N,2(H,$0FL<])MF`">RKA?_X8*W)\:=P1[>PCUW
MW7'+?2+=>TRPT2`:9$%WWMV>2#,A%,`A9=UT]TP(O'(/[BW1?]A;^-U^Z"O)
M`7!?/KC4?SP9I=V1DXYYYZ7[,45J@[AA!P28IX[WWIBW[4+&,',,:@I33/&%
M!&O[J5[)4,/A!"$\7+#SRS'C>?@@D^*LIYP\$[;CSS$WVT>CE!M]F]5*O\>T
M_QY.?P\JZ&Y0D4?5T;Z)``%3$+`%U(TV.CV@?F8PQ"_U>'%`R&;#GZX@\(7X
MI8!.:;*0VVYT(P]YP`]/8(`$1Y`#&3@$+TC)0T/\(($GA*TY#\0#'HY"0@\\
M3Q`T"@"5*H,'QPU"!0ST0VCFU8C%9'`I&=)<)`[PDA[V<(/H<T"&,JB4ET1!
M@@Q(P@YJL(4,C!!+,MS#$)%@H2#(8`\OB6%E,D"`"3BA`DC$01.BH`,DF.`9
M%P("=H#PG#X`80^Z.<(@`#"`!X`!`@O!CG;XL`<V`L$'%FJ.;O0(&#^>\`_7
MT8,:V1@>/KA0$"K0(QOYZ,?RU%`!DG2C&_6PM,VQD?^0S^ECU!KA!@<,<HV:
M9.,:`J:!$^R`!A!0)"H;^9P/'$\0&I""*-6HR%""(`JK6,0/!B!!#*R)EY,,
M)6_D2*L-M``"H\'.<)P#!!`4`'!VT0TO`4.<0R9RD;UQI/4VE<GP\$:-E%N,
M'MFCQD[N<#UZ5.8H&5'*4TY(-ZM<1!S&ALQP/D<"6M"`('CPFTWV,CQ*N$HE
M,+2A!N)A@\PL1`-6(`'#:#"$"!@"-C<H0A*"YI#K6J$4'_D'&#8TBB'T0SH9
MTT,<9BXR^^HA9R[*)%(*T0]$O&`^%W$#*$"1A3@-`!C^QH/)!$"+>\"!0!>*
MN[5I+Z*%R$$*?N8G[9%!`C'_6)GR7(8]F4'J$9-23\[D-`:2<DH]9@C:T!KA
M/:^6S9V0.$#3Y!.T(`K/3NWKPTX+L0$J>`"M9#69'GS`.AYHK6Q\2"N@D"``
M`!A+$F^['.W\`%5"B&`%>CN='U@`.,'-[G(P<(-H1TM:+BC.1(SCXCC?A=K)
M3NZ2K<6<#N.*NM36E)X.F-WI]K#70C`A3++S0P(>@$O;1DX",FA`$-SPV$?<
M3F.Z>FHC!D"#X?D):OWA[$!;QCRODL`$*#"!>,$[7CE(0'I=,VM7M;=61K05
M:N%C%?GH"C6[L@^!O25$#J2@-NH)E@9UP.4=`@!`H&D/N1/`P0!^P"5&N*!:
M9;I6_X<J.X@?$*&U\LJ0=O]0+C.="P(@#K&((2`!N#702F;MD;]HJ!@%5$Q;
MLWT$O\R4I"4%D5L%ZU!^!Y&#+<1K2=X:KB""((<E0?A;$LO``:0`AP10`(T.
M7I;5I,L(.ZQ@3\Q*E1@V;"A$*8I1CFK?J=0@6%^%JE+0PE195^LS-60Y3]WK
M@:F@IBKQ;:Y5KZJK3?UTJS#CUQ$3@("PU&PR,0!8$`#@@ER!]>;V`8</$DA!
M%QBV"(92Z:$3;@0'7%PE;&%UH^::4@/CEF%V^2O%/_[1)5^<0YANKE_R"F*(
MXK6A`.SX#T%0@8E7["W""B($&X@L%,FD+2SM00)2<`$*-O_@AC5!ASWF[`.%
M_\`#'_#WT=MY3D8W6ISHZ&$ZNQ%.</Y#GNS,ASML?MQWYC.>V\3Y:.RY#5QE
M'!_U9#N(P]$/N&_]`!`(Z-SD80%!0@``$TBAW.R.T+CYLP4:.$&A;ON,0H(B
M;49P``H9^`MH[N*!&5Q@HY/)BU(BH@>9AD8F?PE,:,Q*F;30Y))_<<Q!8NP(
MGV!PXT*Q:<@[$Y$="\#:)3_+7=QB`&0,@@%CV_G)8].9##A<H08!"EH6`E4W
M&,$)('B-QITBD1:@40/*"_GZ>!Z`DI<P+2F?R<K3_<*6BV:E,?=,'FC>")^@
M7.@YQZW21VYK0H0@"`QH`7Z"KO;_H1-@#H5PPPX4D`'.+/WNLIF(!*A`APO]
MFS_.$1<,!M"`)`R!`+XA&<`E,`22X%)YW=9WN"4$\'\_"-W>67BTW<W6]-P&
MW/*V\P[)(&Y[1QO?^?DV?_H@E\UO0`!.0(*@L_/ZYUQ!9;\.PA!`$$N`%V="
MTR%-#11A:8<NJ05*4$(9/_"A/H1:7G(@+J@]7.LK)6G%4&P7VR&IXE*O=$CF
M+Y*K=^C^%<N:70$`(@$P`>%'`28@`Q#0?S["0180-H5P`53@`K!#;*-V+OF'
M!R#`$VSB)KJ"*;_R+'<R+,"B!F[6)AZ8`3JP'-1F%T6@!VZF!J[R*YBB00&P
M!WM0@QJD_T%I@&:7L@=%H%XEJ`<>""QQ1H*GXH/`,F\UAV=&.(3VY69B((,=
MF!MD-H2M@E<>J`<$H$"+``-U@`)?8(.7<F9I-BP[(P9J(`$M$`(/1FL29B;X
M4FR%HR09(`/0QV&"<WYCD@,=0`%^2`%]V`%<T`$-8FHH-G\E57\(<W_O1R1T
MQP@S-FO^9U,X%H>5B###]B'A8GJ0$`0"T`4@((%.U(@%DR$.$&RXLS%X`BI<
M(S3M4S5((P%QP(D#M57=A2<#@`&ZN(N\F`,((%8@0SWJ)59J)0;O9CY:(P9*
M6'=S]33GLV?W=37.F(RMB#]CT5R.0'##M`/*ES;!2"?+HQX@\/\`D959DM,M
MYU@W>#,W!;!4Y.)9)Y(!\D@[('5:Z]@XB*AK\FA;K]5B\VA;C[@(G!./__@Y
M-J6.KD4W^^A:><,X2-``V"@)(1`"/[``8'(WZ9@!4'`#SY4[=\**_14\L`@!
M,:`!$<DRB-)5SL,7-Z,GW[@SPVA@26.,M?<TT1)?XU,^63-/BU!*=P4M"%0G
MTU@V]C,>89``5=!@EO`&&L``/A`\H6(<<$`!W0<C4L1^3]0'3X0';K$".Z""
MY&(7%7A41P52-7)I(Y6/*O90#71_6?E$+]43(Y1%>>`A&?)_'?669"E"=DDE
M&P(!SZ>4G1`$6G`C1Z651X4'4-`!+M#_3]-T3J@4;Z.!(C[P<'2A/-H43]T$
M5BFP1@<%1V953M1D22VV3OO13KH75[H1'-@A3\!GF@4E(-PTFFH$`2`P`:Q#
M#X2P`6#`2&UT2G#`F([I1G!D4'Z42A!``$B@`PQ@=(T`=G!4=O%D2)Q)2'[4
M1Z$9F;M$FHN@3JA42<L(B9^DF:(41./92\>Y3<1Y3B@R`UY0`'^3($9P!@RP
M`<ZY"#P@`#F@`,>I3=&D`"]@:759EP]5EQ`@!0BZ!0@`!5"P`D30`C<@`/?Y
MG'9!H'[@467)F2KT1$>5EBQQH3B%4U>9(7#74G"Y!34P`BHZ`DVPHBI:!83`
M0Q[U0W=I4T,D_U-X(!,!<*`(*@51`0<*L`)6,`'R$`EO(`(S@`03<`1)@`-(
MA$1*1`(IL)='H:,(L0("T)&J&"J@,@,D<`578`)=T(>^()B.@))W!30K:1TI
M(#T;@S\QF3VL2)/N97MNE8KW`Y)\\`0QVHS(R).)YP`_:35OD@!?>@7?U8<%
M(`(0%PEN(`00$#)24$"]4ZD((`'5R#'"<0=$,`#E>(_>,FV7$#B#(R5R4X^+
M0SNH%EPK%5NEZCFSPZ>#,)"NZBU!I%N1<VN6X`8/`#NERH\-R3>SLP5>X#:I
MJ#MQ(JJ6T&5<18QK.B,M.59PFH_K-9/'>*<:\Y):HQZR*@AR-5]#:?]?UI57
MNEH);K``D8I8<AJ"W@B5?G('-+`2;6@M2Z*LE4"J>H@NG)DPIZ:6J<9BW:D`
M!$,DBO@BW?H'D=AI_T*)55(PY4H)CYJ`$(-D$P.'.>8'4G`,;B-ET4)ENKE=
M7K8HN#(S+,F#9`6$C28JM3=G6L8'KK**=+(H!RM78N`J9=`KSXA;?#:R?_:Q
M@A"Q=^(F01.S0$D]8C!4%W)D'?*&]DH)'39L8V*6AI@C_CHBB[AJI(AC"Q@B
M,PMK-L:P`ZLM#SL)$4NP$5.Q+T8B@-1L;@,<N=$'`!(>`-*TDP"=`.*VMP$@
M:6"6XZ8=:;`':6!6T?&V?WNWW%D(;:6W^9'_&WX+N(L[LVG0>WGKN$&D!L\!
M'(H+(&,K"6Z0!1#P&_X!M\X!NH0+MQ+@`TI5%E)'<70K"=`I=J`A$6:9=H*1
MCVXG$X=+"#8$&G*W/B5'<0\QL[#+=4&T=XZQN8Y:!WB4%(WA%7>W<1\0`PQ`
MBU%W%JSKL[AD%V*G!V'A37ZQ/BK7$"PG=6F1N_7"4GH@<W_QNR<7O#&:1^2;
M=SWI`,:[%,@+"1$K&\W+%FHA`5#@`_O#MH/0`A%@!09<`A&`P`I\OX\0!"*@
MP`8<P0D<`>[("%G0`A%\P!/L!7=("%J0P0J<P`9L#8R``TP@P2&<P580PB40
MP5"%!06LPA-<`AW\2+,L$,,&/,,);`/8&SH"@`4KH`!0@`!;T*-&C*`(H``.
J@`5#L"4]_,10',52/,54+$P"4`!+T`7A]5U<;`(D@`(Y\`)0Q@B!```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>u53165u5316502.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316502.gif
M1TE&.#EA(@'/`-4``(."@L'`P$5#1`<%!BY#F^7P]^#?W^_O[Z*AH61B8Y*1
MDM#0T'-R<MCH\U134VES>C4S-+&PL28D)184%1HD4):AS<K0YL;0U\C8XV]V
M?&AJ=N3G\KG)T_+W^Z>QN'9Z?NOS^<OA[____P``````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!```````+``````B`<\```;_
M0)%P2"P:C\BD<LEL.I_0J'1*K5JOV*QVR^UZO^"P>$PNF\_HM'K-;KO?\+A\
M3J]W#X&`P;G8)PT!"P%>>7:&AX@&#`*,$`F#2P(`20<0C@-="!,"B$D(?F$*
MH$01D$2BG6D'$@Z@`0A,DDD`G`&87!*FJ2('0Q*P7J`3P$4."4*]0L.[9P+'
M4K)(LK9=M\P&$F,&$T\!#LQJ!@.Z0P$2`Q,1(@L0`Q+J`L:6R4(``P,"U.L"
M]_G;ZB(F*!`"@8$Y=Z/NC:.E`.$!!Q/<#;3E0,`$!A4G3"J"H-V$!'OXH6/0
MZP`_C4(&=!P``$!$"0;8*;0U2``$`1(@"$%P[MY&_Q$&/&Y<D.!>@@41[XE8
MF$V$)I,``B3%-$Y$A',0%JQKEPL<%II'6@9@D`U`KE(B;"Y8-7!(T*/4W@:(
MX$#"PV,-=4HUP&CN*)H'7!ID(*)N*08#!`U0UY`Q-U("7T'XYFPNR@2/(DP8
M-`!"!`4!$B`(($!4PSP'JMH\L.!70(,%73UR*22!YP"FQW$.-&!/@DF2B$(H
M5#6RV<!GR7F5LJ`JD@,-K>+S$RW:D&F8S+H=AP"3A*)\\0YH9>26=B&V0$F(
M>DN?ONO/G&**EH#3@-]F)ZDL8N"WB/>J;21+50!\8T1T2Q'SGS55?1=!;VE-
M0LL0NK'4TC@/"C#*<E0P(O\-`PB:M$QU/PF!G0@34EB3`P,<4-]B0O`U@59$
MF,<)>M9$Z%Y[.498SGP;33@`:'GLX=Q_`B#@'X`U"3B)`A)81.,0F"%XY((J
M`M79,[*DN%0>NJ'&BT4*<LC<!`X`M$!+#A!&S5HBU.?CG-=-0HU4D"@P02_=
M$=;<C1'TXF&-]=S(BP2$K5,ACHP28=8>#W$BRRK'.$`>:U\.D0Z*=K9X@#A-
MFCC)(GH4H8!>M\33BP%X>)H:).<`TR4$!]0ZS@$HK1-3+W*:6<55^%@TC&T`
M%*7`J1811F(1)SJU"4YMX4KC.[7=-&01-A*!%".L8.GM>\@D$"4$7>%D4U9`
M33#_[D!'LD*+`('F!($]H?I(%@`(T.-LL0,0=M5-N>!J"5@B*"!`,K)L,S"!
MP<Z(;*Z^5A&`6$,@``L`>R`0U4Z0C,;1(`;\%#+&1!"CH,;*;?2*$10#M5'(
M,998#K[PT5PRR2B.$A7,]5R<<<>6,6"6`_I.[!0H+:/H<SD50Q+RTB[_A'+$
M5!]BG1C675GUUEQO<74H$(Q6G[Y=EVVV%!Z7H4!%#$QY]MMPQRTW&'PQ8O?=
M>.>M]]Y\]^WWWX`'+OC@A!=N^.&()Z[XWB4&UM+CD$<N^>245V[YY9AGKOGF
MG'?N^>>@AR[ZZ)0#-/?IJ*>N^NJLM^[ZZ[#'+GL:!FQH_\0"N#-0.Q0;S^Z[
M5[LK(0AIP3MAZ._(IP*`03?F`Z).49$VL0(1@*@``L>6&N?$V.QQ6/03OP)`
M!$<IX';RZ)/14EHFHDB:^](#H%<^*!(UR,I1W?B(`N!O=,Q<HDF?`-4'G/;E
M#W[Y*-;R-A85``SD(2TQB1#XAR_,&"U.RUM3H@;(P0YZ\(,@#*$(1TC"$IKP
MA"A,H0I7R,(6NO"%,(RA#&=(PQK:\(8XS*$.=\C#'OKPAT`T@@&H%\0B&N$H
M1S&B$ME7B"46L19EVHE"IDC%*EKQBEC,HA:WR,4N>O&+8`RC&,=(QC)>*PM$
M2UL1\@.Z![CQC7",HQSG2$<XDO_N<Q^HHQ[W6,<,W-%S%`BD(`=)R$(:\I"#
MU$#HSE<%GAS/48^$0@@F2<E*6O*2F,QD)==0`$UZ\I.:;,`:"$#*4IKRE*A,
MI2I-:0'E1?()H(RE+$/`R5G:,I.B5,,J=\G+7;:R$UZ2PBV':<E:$I.8N4Q#
M+Y?)3`+\$A'!C,(QCVG,:=HRF6AHIC97^<Q#1%.2UKQE-<,92VR>89OH/&4W
M#?%-6))SEN-\IR?-:89TVM.9KJR"/&49SWUBDIYEN&<ZUVF'=CK!GZ#L)T(K
M"5`R"!2=!*V#09NP4$\JM*(A:.@8'KK-B-)AHDS`:"8O6E&-BH&CVO3H'$"Z
M!)%BDJ3_"S5I&"I`TYK:]*8XS:E.;;J!?%*A`$`-JE"'2M2B&E6H,$6H3'/(
M4MEUTJ4,56)38_=4J$YRJ3B<*NRJ:E6LNH$UI!+!(I(415]I]75<A:I7VZ"3
M"`1E"!`P@!JI=E8JK"4:",A'H#J15I>N=0T2Y(5.!#LFKM5U"OCR1B!THBR^
M6I62?U7#^PJ6)S\\IFJ'C0(#`,*`3TC@5/5#1%]%&MDTO*]Z,1JL")J"V5=Z
M#1(:<MDW5G:(T6*TM&G027T$L(`(`,,`!FHMU@;A`%/`ZS]M,81M2YJ*!)!M
M"*C86F:A8!#-"(`P&JN'<N:PW)CNPG:\V*Z9IOL$GAW!M7+H_ZY2I8I>+3`2
M/>#E[F.ORMX.JM>?N(TA>5-WWWWF%X;[15U_Y?G?%P;X=`-^9X%=>."Y)9B<
M"VYA@^7VX'!&F(43CEN%K7GA%688;AN>9H=5^.&WA?B8(TYAB<]V8F36EX,M
M'F:*4;ABL\7XEC,^88W+=N-KOGB`/9YECF77BRGU00A'MMV.NQ9D60X9=FVY
M$0/&-N6#X6P(2^9:D\OIP@48Z$;?*$68\[#!0MEWOAEU(?_:Q\2\_@<694;1
M</)`YSK;^<YXSK.>]\SG/OO9SQ=`,P;^3.A"&_K0B+[S<V<A("&,><SL<]2<
M$TWI2ENZT(&>[Z`OS>E.>UI,3EASI/\3@)'^E!I%:VSO[+8,RB>[SLM('L*1
M=?6?.&=Y:ZS^I*M=ER\F7-G,,$;SKEVW:/ZP3-5.%?:/!9CK>2X[?<T.Y;/1
M%VU<3CMYU?[GM9&7[4L..X2WKEJW+?EM$(:;:N..JA'/';%T0W;;OW,W?=>-
M;*HJF]YGGF^Y/\AN7\D[S?@.MK[A[;M_[]N#_3:3P0F^ZGL7,>$<6GC`@>SP
M($)\.1)_>+VW6G$@7MPK&;?XQM':\1]^'!PA]_C(79=RDZ^\=2WWX<F9$?,>
MSGP7->?AS5.1\QWNW+$#GSBS2R[SE[.NYSK\N6B);G.CKP[I3'6ZZJ`^PEI%
M@&1#5$?6_W/_['P_]N"H(PRIO]'95I1]B.10>FV9;L+0:(J)[\O#`FPM=?ZR
MO83K<\HQH`C%.*UQ/7\,O.!%YP$T<V#PB$_\YN(;EDD0Q=$'&$T:B9MJKW?5
MA=FU%,;61C3.UXKN'>S`44=/^J."P(5\:<)G*N_$+C,>RV13>^ME)_O9PZ[V
MMG<=[G//NMWS7G6^7TZMM(<'](#L]ZQ/H<5LPBICY*M8$5@3\K%<]]_A9@_X
MRFY\C@&`8K<^^.`HKJ,G-@D'X&X9340^^)E!O[D7;%0Q^I_,<K_^712W$M$/
MB@+:=BP[F>[W]9<*%D-^L,`S>?=KO!>``L@$_3%]P)9"M;($K_=]_]7G@'A7
M@18X0@J8@8:%@1QH;A[X@0@7@B+(01M8@F9%@BB8/B>X@LO1@BX(#C`8@[LP
M@S0(3"IX@[-C@SK(3CG8@[?W@T"H>T(XA+U7A$8(?$B8A*C#@TP(!T[XA&X0
MA5+(!E18A8T$'4)3,!BAA42#@%>(A5(`7'!5&)'G#6=X=<DGAJJS9JT!"[5@
M,,B%:I#$AKVW$:L`=[50$_PQ&I_VAX`8B((XB(0HB-YW(!+B9D)C=@6R!W%F
MAZWS>/RS!UNW=>X'B;$S?V'Q7IBX.H<8(YT8BJ(XBJ18BJ@3/EBF"Q>4,_4`
M"A/H!JBX$SKC-"]C)RU15D8H-*]`=EY"%/\@4AC$4UP:@@V<^`8'`"*X\66F
MH#%9P1<(H#M)8A"TH(ER8##Q,`AYQ5M#L`C'<(RRD%=$,U;DT3IN-T&?X#[(
M8"(+P`D@PHZ*=0A*`EUP:`J]@"]K!B+P5QC%^`8/LED043<0LPD.\UF+\1$"
MH3$?\3IYAR1L5C&@P0D%`I$0L1H%]1/O0S]$D!7KHWGZZ"*(<!]PU7UTPBKC
M<%U+@1AI01BI\7^K0X9"8!!*0P1OE7JBP0F_`9$L&0=TL8TUH0N^Y123(!I!
M63"OV`8L42=:\G\-`15+411I@1>LQ6N_06K_L1[`8!)"$S*8$1B886JQ90?/
M6"R)@I'KH!'Y$@^`9^D`^1*5=L``Z0`=B[$*`2,$FM$V9-$=#<$3&+,?L:,(
M[Q`3<H<,=-8+`9`,A1E>G^@&_>$9>P`G,1*8Q1=>L88()M$9_2)6,T$0_2`3
M!U,4,_(4O[./7(,I<L,7]R!>IO@ZZ9>:K-F:KOF:L!F;LCF;M%F;MGF;N)F;
'NODZ00``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>u53165u5316503.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316503.gif
M1TE&.#EA(@'+`,0``,'`P`<%!D5#1-CH\^_O[]#0T.#?WZ*AH7-R<I*1DF1B
M8[&PL34S-)JJM,K0YB8D)5134Q84%20S=='0T.'N]G1R<Z.OM\C8XYF=KIRA
MM^#@X)*2DH."@BY#F\OA[____R'Y!```````+``````B`<L```7_X">.Y,%Q
M!JFN;.N^,&EP<6VO!W#O+FV>N@_@=!+-B"@11V<X\)[0J'3%B2A.`D%ARB5!
M@BY`H"L5T+YD6,(IB&0CB`\GP!`P&`5Q/5M```X&:T5IA(4\!Q$+)``IAE!H
M0BUBCC=F'Y!;E`41!!]92@$$<SH$<&)@0B<F!J6-E*^O!@^9*P6LC",``)U&
MN")Y+0:^>:ZZN[F="0RZ'\*-D[7'!+Y"M[J\O;S30JC3!9;'"`H`!=L?V]L%
MM.0DP"OB(I]"`4/T\0*GB^((!YT*"K`".DHPIH49`0$B"(D0H&&"#PL:!F#3
M4"$)`A`D`B#H4(3$`'$^T)LCD6.`A]!(_Y",H`/"@TX9IWU\*$?C/#<!`'XP
M&8#&2(GX"DXZY;!40P'Q*JK8Y,33,@`/%,Y)`$#!23%4F2F8L=.)&&P"PTZ9
MHQ*(IP#E%%D1@0C`)P(I)GZ@)2+!K+E-MB!`*E*'&"?V./`]H!=I2A%0DST0
M<><`VGEU`Z2XN^"!L,<1YT:`<(Z!3QV6($,6PWD7AS@8?3JA^\'Q"(1'4Y!L
MJ$C,QQ$<:!&P)[9W%(+8LO3TI%,.`VR>H3)0]`&!%;">0HX@<$`>;\]]Y?`]
MM^#383EN[!0TP"``<VB[AX1'J$OH&`Z+XWWV1$/T4,DCZ&1Y@-2Y`NADW:/"
M*(OP)H,*)_FF(/\/LDCG$0VA&8<<#08H\`!-"]P!E@`.?G.``GQ=-Y]@OPB0
M`(BBX?:`,4&0-YQHZ<&W@#$R(?8>`Z_-%QHT]Y$`DC&99'B<2@5YLATHJ.0#
MPXL+-AF#'IF(`6%](D107P(*)=#)7A"=8^!.$61B0&`AZA"1(H'A2!X-)'['
ME`C,N9$/-'-T`@><>;BG62.6V",`0)?I-<9A6*9`P$.*I$<"0:\=65.27[9@
MGI.4P@#51UK0U\X#$BDRFR*<!O#210A(Q($";C"PUD?UV3-F0ZK:8<5W.TFT
M6!:=.#;C1\R99!F/!1'$GY79O3I&5`]PFN(YH0X7ZJBY\"8/;E_:9E/_+?A5
MJFT+>1SSBRLB3./M7+Z(&PPSU9@ST;C>3I,".[N8HX(WYU!#CAAY@&5NO>&"
M(2XNWCI3;SFDH/)+N>BJ`$%(ZJ@@C+XLCJN2H]M6;'&D`=%JL0L'X&C(`\QM
M++*V&,.B\<@K"`!N%]VA[+*3$@LD[\LL$%!<%Q5"1_/.//?L\\^%'('$T$07
M;?312">M]-),-^WTTU!'+?745%?=M!%69ZWUUEQW[?778(?-05-`EVWVV6BG
MK?;:;+?M]MMPQRWWW#RS\@(!W7*`]PX%>$SWWX#;8+<+>.NB-VLP4!GXXHRK
MH(L""W`F1P*4*_"-X9XL<,`!RBR``.6-'+#`_Q(">+4*A!MIO@!5_#3N>MJ8
M\[6$X6[%+D`GG^0V#F.IU#?V`ESAHX/'''B^\NO([QR[$L:0'OL!"/"#5/$<
MT&2"Y?45<(7V>S%S?0$G(I[\^.27;_[YZ*>O_OKLM^_^^_#'+__\]-=O__WX
MYZ___OSW[___``R@``=(P`(:\(`(3*`"%\C`!CKP@1",H`0G2,$*_F]T%#I5
MKOQ@00O>CA\%*!Y`+-)!"5;'$SJX`H1T-A<6EE"`4$'A!U3H"1;^*6(XS*$.
M=\C#'OKPAT`,HA"'2,0B&O&(2.RA"QU'``;,8`U4V4I\4J:X%PY0,`^ID.02
MH#*#5-&*%8P0&#WXQ?\Q2E",9IP@&M,8P36R\8%N?&,#XRC'!=*QC@F\(QX/
MJ,<]%K"/?AP@(`,9P$$2\G^&/&3_$JG(_3&RD?E[)"3O)\E)UJ^2EIP?)C,9
MOTUR\GV>_&3[0BG*]9&RE.D[)2K/I\I5EJ^5KAP?+&.)O%G2TG6VI"5?`!"]
M:?QCB6;+92P+,KT3_N%MPG1E04X5)F:*#VW)7&5!(*"Y`T!`=&1C6S11.<T"
M+$`!$,@#Q=*VS5+RI0`+4P<$+(?,,MX2>:5"BO:<*`<%T(2*[SS?%IP(N1E`
M[P-35$$Y\[FSE^"#/A`ZGJ8(6K[1R9`(GC"(&<1&T8I:]*(8%9M":\&7!%3_
M+P'H-``)!>I.ABX.@[O@'&+TYL6`]&$$">A5R$SZLV2ZI2[_V4E.:0HTFR(E
M/:R@QT9YZC*?"F$<7T#J&#O`U*8Z]:E0C:I4G^J`EQEU"#-TZ%;`.-6N>M6K
M52UJ2<GPTN9<P:QCE>!7U\I6IH8590/%8UOGVM6WCBRN=:2K7J%J5Y'A%7`%
M:$H6``$!R?5LKXAUJU73>C^L?F`9!EB`YV9*L\0BMJ\;^^O?'+N93&S.9Y;=
M*V8MIEFZ.5:GC!FJR$*KU]%6#),#B*UL9TO;VMKVMK.E`,^PV@F;R8&RE67M
M7%V[+4QZX+C(3:YRE\O<YB9W`+NE`51F49EI[4RX_\-=K!2<R]WN<A>Z"L1N
M6XFK+>-Z][SH!6\"Q<M6\E;*O.B-KW/5BT#VKM6]E(*O?/?[W`7:]ZOX=9)^
M^<M?^BJ(`KA-L((33*G_@E6[42"PA#U@8-\,8,($;K"#IQK@)@T8P^>M<&\N
M#&+Y:GC#4>WP@CY<XN]2BL0M/N^)44Q5"$,AQNE],8YE["0:I]C&3]BQ=T4L
M%A@+N;DS]K%BQ;K=(\]7QTY&<H^5[%05*XC%4:8PE+.LW"0KV<J^P7*4B1P6
M(W/YN%[V,9A[(V8GDUD@9CYSFFF\9K&T^<AO#DB<N3QG%-<Y+'<6<IYAL><L
M]WG#?Q9(H'<\Z%<4.LJ'=O]PH@.R:!PWFA*/=G*D_SMI6%0ZQI=V1*:/O&G[
M=OH5GVYQJ`TQ:B&7FKVGID2J2[SJ0K1ZQZ\6;ZP=,6L0UYH0M\9QKK&[:T/T
M&L._3D.P8SQLX1:;8UN804ZA9[`<-?G,R$TV&9;=XF:S]MDM6$)S%A!"SWU@
MI"0X]H2UW05NE]C;H04W"\1]T(EZ0J'JEC"[N>!N$,/;LO*F`FA26(3;L>"&
M1L1V<B^0Q"->0.'(;;@1J>S4#!P1F"K10?4X5Q59M#3"$->RD_J-X7\G-N`J
M($PSP%F7+AZ<L2X(N<B;1/()F_RR0.:!S/<]A9I+^.:BS?D.=KYEA0.]M4*_
M`='_1R[SH],5Y5S(-X%Y+@6?9WC*%.\`U*<@]0(7'=M.SRZ300YQJD?!ZOP-
M^WB3;H.ET[SI6*?XULL`\Q:X?4%HWZ_:V\OV&MQ=07DW<=RI//<H='V_9H="
MX..[]_OV/09_MS#<FY3U)<.U[BR(_(@GOZ#*:_WQ,-!\D3FO(,\7'@J'EV_B
MG[!X]#8>P*!_@>C+3'K?F#[V,0_YZGG0>AY3OO*G?T+JX[O['?3>NZ]_\-AO
MK/NORWGP7\:]W9O/])`GOZ[2SSSUWVY]Z*LY^RN8/9QKWYO;+S_(V\<[^<5B
M_LM?6^'%O\'QNWM]#H-?!>+7\_K#TOZ[8C[\Z0=X^R<0__WG5_^'?P$H>=WW
M>UD7?#PP?#E6?1!7?U+E@#L`@2'F?'SF?71V?R20?X0V@`%1@)EU@!^8@)NW
M@)T'?!XX`B#H:"(("R1(6B;H@B@X>BI8>BQX?CIW@[27@[:W@^Y'=O"G@8;&
M@7[6@B+P@I@6@Z\P@Z]5@TOH@^,'A.4GA`MR*O=$4N^';?%G`_/'713X8TWR
M3P&5;E+X`4PH:DY("5`H$`6';^-@1`U0AW9XAWB8AWJXAW=H`1)71!;`AX(X
MB(+XAT0D`8B8B(JXB(S8B(ZXB!AP1*J5.!#2`AGQ$9B8B9JXB9S8B9[XB:`8
MBJ(XBJ18BJ9XBJB8BIIH6$]@`/]?<(9$Y3Y#@'&Q6(NV>(NXF(NZN(N!]#`C
M8`M,U"\C8``IT"TQPXM`0P"ETA!Q0!)D8Q62L1L!<#L<T1W7@CP*4`=;40H1
MX`IS$`??\!+AV`DWM3,0H(V\4"27\")V`!K+0!*L.#+.D0*.41T=LQU?T!-8
MLAL=@P"%E0<,`(N,LP:_8!D$\$V_^%@50HRGPI`&X'(O`SF($2*+<`DS`#P*
ML#D5(@(2:572@2*7X"A60B)U(!DD,B;`Q3CJF`3_1`(&)2#$80:T2"GJV$7J
M*`(00``'=04I%`\S*6`ZH9.<L0")H!+=2"+\,1+]@6ZN`RTSQ`I;-0(.Q1<@
M"2(Q%8__(L,)(T!/-TDY,H0`XA8'FK,S59`#5K$+_`$&!1``7X`(]<@`Y_@?
M3((\GI,,G($`,_60=;$ZE,.7U_0--.-16T(3ZNB*OS`VX<0/G"&0(S,;--`L
M1@"9Y0$0E3$+?6,^WS`<HC`($`$$U/$0GWD.E/.3,(,0(:,X'B5NG-,)JT,`
MU/$S'%%M^.,YV40W'Y*2<K,WR+B;O-F;OOF;+_,'(;.98],"(/4.9$`86V@V
M@<4%#J(&L%";KP,!]X271B`)!L`:X_0$LQ,)(D.,3^).SY0R-R";,0">B4,^
MQ7-/1U(=^,`?G#$V_+$72+$=Y'$<+Q%.;I"3380'@A$F`!"0_T,@4EI0G]J!
M#W<`4-MA,P+`&1#0!HWR%';!11P2DL<Q77*```]P!POS6"IQ!X;CGB%I&760
M"8.E'%KRH-N1(0"Q%_$I!U@%GY[@$FT`D#C"`0'9-PS0%&ZQ'`#%``!Q&MFY
MG(N#"D<"%ROB`T/`6WJY'1QR!4WT$$B!0>)0!$NP&$M0B1'5'S@I#E!Q3\69
M`UH:4<IX3&&)53,``:?"2YT@;FHZ4^+VCD@J!Q&E.$V0I7)0G-MA)282I'2*
MIS0P.M/##0LS#K.SI".P53=:IZ[HE./32\*P.?@0!P@00K-(.6-J3YKC%G&`
M(Y3#.9+%)@$J"EAU.TWDH?7Q.>060O]-80+-$4(1Y9-]X#T/D9@0D0#\0&Z^
MLP`'N1APH02\B@^_,ZC3@Y[A!*@>%:N/M3HGQ"9E2@,`L0:#J@NJ:JF&PZLB
MX`>G6HG0FH9N(PKB(#I:Z!D^H`[1`Y:\-(S1\TW4090GX)KKZ@2$T0>6XQ5^
MX%&<T11]@``SP$&B601.(!T<4JD-LYFU>AIXHP#\VA0&P`^?A4Y*D$Z!-3KU
MVAQSD9'9>B+'U`\G(!V\Q*]@"1#TVIP/4`1QL!KFNK#J8`NM,Q>GH0,!VQHU
M]#ZG97C%E9XQ8!'F(&YA44;>^@(`@)7J,P'2R0,5L"U'^P)%JP(3L`$X,`%B
..4;1+VP4'H`$#R1,"`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>u53165u5316504.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316504.gif
M1TE&.#EA(@'0`-4``,'`P$5#1`<%!MCH\^7P]V)RM(."@LK0YN_O[^#?WS@\
M0&1B8]#0T'-R<J*AH;&PL9*1DB8D)5134Q84%?+W^Q`4*S4S-,C8X\;0USX_
M0IRAMSL]05)BI.'N]HF5QAT@,?7Y_-?;[#<W/OC[_>OS^2Y#F\OA[____P``
M````````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!```````+``````B`=````;_
MP)-P2"P:C\BD<LEL.I_0J'1*K5JOV*QVR^UZO^"P>$PNF\_HM'K-;KO?\+A\
M3J_;[_B\_MMHN!EJ"`T!!D((`0A-``$!3PQ^>Y%EC&T``HEH"XT6"2<-#DT(
M`A*%3HN2J&*46PBE3H!IA)X`$(V*EU"GJ;M=E`X`#@8/)PRN$``G"1`&R"<&
M#,N`"`L1!J`G``8&G=@."=;?AL'#0N.80LK60^9$"`\&$.?E%@81"1;-1M#,
M0@L"KNC@`2KV3(BN=,V^0>#&JR$32@$F!!.00!0H!A&P38#P(,`P`18>2,C8
ML1JH!A$`/(C@QT``"=0L)6,)8($?"1(`-,CG[%<`_P@G%N0\1J1FMHQ%$`"8
M=LW(R@>++`3]1X3!A`?O@F(5`.@4@(T='S`0@+6IP[-'($(*@*S!@A/T@N([
M>H*L$`%"7!J<@.FK,[[)9#H0`$#EA!,2\!E)-*W0@I"+R^$]LBA!X2()"*/C
M*K/JA`:,$V5&=NIQX7IC#<A#RWH(Q%)LDPF`P/5$@`B,*&FNF]>6WB%X?V,+
M/B&W+0G_Y"&`@+L4<M5%'E@(,-E(@`01+&PL6KUNX>Y[(P!*H$GSJ=O&-=IK
MS5[(:_?-_$GHA_3$QV:3?UOB!N&P<,$4"2$-,1$`-00ISA32"78&"L&<4N`)
M(<$Q\R5@RV;76,)`9T,@D/^(`1-8A8QYC5`SQ`.,U=,>>^_9ULQ@L"0P`2D-
M'+;;9`Y,8,!;CVFCHS,7RH1`<RK:!&*#B#70T0(,2-#`D43TI]-N0S"`R#T.
M"%4$<T].-UP1BQ@@08@2#;;-*3+2.`$`I(RT8FM]>')-`["<@.0T`2R02`"P
M7.B`+"?\>5TYD!!SH4N#DN=14H345)$F9O7#Y*)$,&D0(:O9QP@Y5CJ59R>+
MO*/:(X9HHF>@>6;ZYJJLMNKJJ[#&*NNLM-9JZZVXYJKKKKSVZNNOP`:[JR@"
M%&OLL<@FJ^RRS#;K[+/01BOMM-16:^VUV&:K[;%2">OMM^"&*^ZXY)9K[KGH
MIJO_[KKLMNONN_#&*^^\]-9K[[WXYJOOOOSVZ^^_``<L\,`$%VSPP0@GK/#"
M##?L\,,01RSQQ&?X%D"A%.?K6YT9:SP/0$0\<$QA))=L\LDHIZSRRBRW[/++
M,,<L\\PTUVSSS2ESC,2%A^Q\8<?M-D+06VG]#/2Z&49*Q"I'Z\MTT_@^#;6]
M4D]-;]56RXMUUO!NS;6[7G]MAF\V!52CJGB$+389/_\,`<:1J+VV*D.0MS0O
M<L\-QH42U%D3WD;K/;80*/'IQWJ[Y"UX%]*0C,!`#2F^>+B25^&*6>\P-#G@
M9%07Y`(UH;VY'I53X?D08:8T.N=CG'YB`_,U'$(!M-=N__OMN.>N^^T>Q%'Z
M%*X/(<R*NFA3%=QY'%#"\LPW[_SST$?O?`&^!^[%A7Z0BM6;Q;N"@`2:ZZ&\
M].273S[U</PN;O?KY*DS'N.;+__\Z+^A?KCLNX=B?>+/[[_Y]7/#_<#%OL)`
MP$G(NT/\_L?`Z56/7@G($&F0X0"EP:^!&&Q>`-LP0!(,X(,@#*$(1TC"$HJP
M`_Y:8`89N$$V#)``)HBA#&=(PQK:\(8T'$`*5YC!%J[AA3@,HA"%J$,V@(`"
M2$RB$I?(Q"8Z<8DC8(,*>4B_!U(!AD/,HA9-4,0U#&"+8`PB`:1(Q0;Z4`U`
M#*,:<]B&+Z[QC288XQJF6,;RG?\Q%M9S`A;AJ,8NJL&-?`RC'-5`QSI*[XYH
M2&,@P>C'-`!RD5H<9!H*:4CH(;)B>6S"'B&9Q4:BX9&<%*(DT4#)2CHP?9ED
MPB9#&41/G@&4K+SA*,]02E,R[Y)C2^425AE+&[K2#+#L)0UG:89:VK($N)R$
M+I7`2V'.\)=E"*8S8TC,,AC3ELEDVS*3T,QI<K&-WK1A-<EP35-F<PR*#*<,
MH4D&:4YSG&,H9R7/285K?.-][MDF$KHY37:.P9W.A*<8Y&E(>D[A."+Q617X
MZ4Q_B@&@PA1H&`A:1X-*H1&G@(YU]'D$A@K3H6&`:"\E"@:*EM&B4<!H(PIB
MG;G0#`/_ZJ3A!7!VLPO$=(88H&G--'#,\G'@9O@L0B/N$12%7O&FZP0G4N-(
MQIX>$IT&F8U1I^#17H(4#"*-)4F_8%(JHO1Z'#5"56-YU2]DE95;]4)7>?C5
M7H2U"&-E95F]<-90IK4+:UUA6[F0SIC.M0MUY>1=N9#7'EJ1JDO])AL""\G!
M;J&P&-SK%OJJSK]R@;&+=*P6(&O&PTHAKJ&T[!8P&TC-9H&S+/1L%$#+2=%J
M@;1\-"T64/L_R6J!LN%T;19@"T?97H&V_K-M%G#K3=UB@;=O]*T5@%M%5"XT
ML<:]`G+7J-PJ,%=^PL4"<?NI5*16EPK7!:!JH<!:2$;7"M-5_^-WIQ!>.X[W
M">5=Y'FKD%Y!-M6IEGRO'J';W9NN5PKM/9]^-<G?Q2;VOU$(\%.=>]2ESI<*
M]04C@J&@X.AE]PK;;6A_8SKA)U0XOPQ&K(,WK,X..^'#S[NP%3+\41*'T\1-
M0/$I[?=6(L0WD`^>0H2W"&,FR%B#`U9E@;UXX/OB=\8"K/$0;LS''$MAQY$T
M\I%O&>1=#OF/19[CE%-<969>V9%9)N26D<Q!)0N!R7!T<A2@G,4>+^''5`[Q
M9[_\R3!/<LQ`EO-JZ?Q*.Y,2SW&F\7-';."ENED)<%Z>BJO`8JNZV)N'3D*B
MD=EE;O(9F'ZF):`57>E]7CJ:F2[FIO\IK6?R?KJ=H;;FJ!=-A4:3]='OE/*6
M67U0,Y\`S6]4,Q38/,1((V'2M+ZHK7&]1ET_@=>BE/64@YW289_ZGZDFYZH[
MW=%G/S3:\9QV&5R20-LXF]!$-K2RC\SL(K"T:(-&JK&=@&PQCAN_Y2:"`R)`
MM(VF^Z;K;D*[<>CK(P#[##U+BTMG!M.ESE2G-+/I4G.*<)GQ=-,_M5E0]:&-
M>@OUV^J&=4#?[=1XUVWBKI:KQB/*\9YZO`DA#^W(1UKR8Y[\(1C']\JUVG)L
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M>_OU_OXQQW^J<_9]F!9^FC9^3/=ST;=_G-=_LY9_FJ>`T\>`R^:`_[8G?9!V
M?\%%@=QE@;$F@>1V!DL!@'LF@*!&@*)F@&)@$Q:W-+6W@1!X@1X(;V70*=TV
M?SA6?\F%@<TU!AG%$ZY1',81A$(8A!F@`$9XA$B8A$JXA$R8A!LPA%`8A5(X
MA1O0A%9XA5>8`5.XA5P(A2)0`6`8AF(XAF18AF8XAA_0A5$8/DA`@TA@&0T7
MAW(XAW18AW9XAS/S!-RV.NL2@GSXAX`8B((XB(08+X4!"TK!$Y;!#1N"#DN1
MB)=1B&]"'B`A$4$Q`79!("!A'Q.P$0A@`0+`%HPP`?PC*ZU`"*#R$QV2)^5P
M*AV!"19D!Q82`$V!,;4P#!:"#.2!#+E!#O]V,":)8`D/`!H+4`K0<`)K<C$@
M`@"<H!F9,7&MDA/$8`&/@Q@)L1R_`#H+D`#$B!BQ2`>A$RAK415#TBGSL8U\
M<@+?(SKVXPIQ<0A(LA^R,!N-0!6)82O9@#ISPA,/$`R.83P+X``AP89U$!ON
MT0F!8P%_X@P6TA.!LH)T\!*&(%7]H3D1,!\78PFG(``.(`I((BND(@3]J(X8
M(PBM\(^.81,KL0<2X(N<8!M@P@PKU9#J((UX\``38`$CH2</(`"X(0W^8`%/
MTHG;2(H3H`P1P([12!J<<`@.4"<V41@2D"6[N`!OLY)Z$#K+$3L_8R4`X)7G
MV!$,8#=9Z0\"T`!EZ:`-"Z(-UK`<VV`?_-"(M](*H=@)B`()M>`+KH@(0;&-
MD7`/9SD$&",!C.`-L;&+]@&-<V`A'WDN@@`:L_(`"^"+DEB9EGF9F)F9FKF9
9G-F9GOF9H!F:HCF:I%F:IGF:J-DO00``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>u53165u5316505.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316505.gif
M1TE&.#EA(`&_`-4``(."@BY#F^#?W^7P]^_O[]#0T`<%!J*AH61B8W-R<K&P
ML9*1DE134S@\0#4S-&)RM/+W^QHD4"8D)184%1`4*Y:AS=CH\\;0UZ.YVOC[
M_;"XV3X_0L/(S/7Y_$Y3:4%!0]/8VRXR.XF5QAT@,45#1,'`P,OA[____P``
M````````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!```````+``````@`;\```;_
MP)-P2"P:C\BD<LEL.I_0J'1*K5JOV*QVR^UZO^"P>$PNF\_H-/+`,)(*U,3A
M6"!]Y>J\?H\&&!)%!B54)`!')09?A7Q0$PJ,D)%&`!(2<T.":W!)BT:(1@>;
M59V22@L")P*/I:QY`"0+!JLGF2>OEPH&#F]%=20.AB<*)`@$)XC#E[&[HB<'
MQ*@G)`H(TT/#O\%#`M4D;PD$A<8%U9?2<'5"WB3F1'4(T2>^O+SGYP03$NP,
MEVRM_V!>.3.P*9,#!@`<@/.#`$"\$PG^`)A@:`&P!`X$($(X8:&!AO%*2`#`
M0((0`Q(4Q$+%H.-$;<<D($C0461#!P062$A`B82Q_TR?:`%(Z*"(`HHT4278
MZ6=0K4R"#N@#4()2JI$`LW(1"-$!'$$"9)4X,.'K(")A@RT:64+D`D3&%DPX
M>78;JJ"RZ(9=H`XF5P<'2DP81"#L*@$3^`)-1$L(HF8SV\(*>Q9J9:>#.@E(
M2=:8UL]7N$J;0!G1.EZUA@259DC7NL",&].JN^T7XZ=M8Y.Z&EA"@1)V',=F
M/?O8;4RT?[U>;9EN<5)R%8*>7D4T`00.P-8B\)-V*H)]3V`50B#H4>=$%$@H
M?_MRV$V[3S`H!`?XMEJ(Y^3-=5(XY#;D%8`;+8\0T!PI^$CP$'4,-B':59F0
M,-(K@TB`4#L),/`6,,),T/\0`F\9,%1'0E@(@#DZ566`?I?)IV$)'!*A4`G&
MV#>$3D/M8HP^"F1W4HY%$8%(0PGP5=(!!V2BSS/-84=2B3`U**42!P""5CT)
M>'-)"?-Y]XJ60K!!0@("<..--ER24)>9SP!2#Y:OI3?!+[X58.40SXQYC3<+
M!/>1GJ#,!X\0+4F0B0!:TK-)-8`\-N6CD%:1%T3!33$<%*DU@5VDG';:Q$C<
M,8"`I%1DNH1@"WJJJJHP&F```ZD^46D4IIIRYZJXYJKKKKSVZNNOP`8K[&=Y
MGF;LL<@FJ^RRS#;K[+/01BOMM-16:^VUV"(;JT9M=>OMM^"&*^ZXY)9K[KGH
MIJO_[KKLMNONN_#&V^VP]-9K[[WXYJOOOOSVZV^P!#1S3#!P#%78$P3P\V\6
M'5C@\,,=3"G"`Q17#,5#`F-!@`(!GU5"`H,\8O`@):#RFP#E>98R->31B`K*
M&A5&&(T+'P&!"3CG#,$7<WC6Q0,!!"VT$CX+`5.E15M!U0(G'H-`"4S;8@@`
M"ARPX<<+'!#-`@H4&5Q@/-GR\5A<6WU*S4;<G#/..X?ID`)M55V>,U4=X%D)
M'`O`=,EE0HT`W`)D7`700@=]#=3"*""`PJET[0S'#I10P`*#8D%56X94)?7F
M`%@ID$,,G-7H4(0.-;7F5-O"C7=HJ[UVVU51-769!QBR_XCF8A>"Z.55M85H
MY5D07O@0IR_PEC:S&R_0TZQ3P;LAFZDY]>G0V$$U.T+T"7(PP/W]B^9FXHT]
MVD2XKO,0:MH"40$"U"Y>YI<T"D\A8_5>\@&C;B'\T$:+S9<`#NF?0T:%*+&5
MC'R^,A_;A*```'!M$'I;0'D<.!2[.88J!:`$`$]!(P#8*5:#*YSA'',,9P!@
M8WR11],:6(#:=5!P"%15!@9`PQIF@(%#F<4DE#"K;0!H"QJH@!"'&,,BYJ%,
M1DRB$I?(Q"8Z\8E0C*(4ITC%*EKQBEC,8E8DUS(M>E$,&BG2"1#PC"^:D6<)
MR.`8S\A&+2`J,+,[`M7D1<<ZVO_QCGC,HQ[S",,FE``!:LR?&YK7QD(*:3YS
M(`$#?EB$]!GRD8?8Q-R0X$A(6C(*E;RD)IF0R4UZ\@B=_*0HU4'(46XRE*;T
M)"I3J<E5LK(,!Y1',V(9+%?^BP2""$=J;!2I^9C$(F4A%`GF(BQ;^JL`X0C<
M=533PRD9PR$UNL0S0:@K8_J+&T(0P)UX&:F$#8$!HB!`D&I9RB440)*T05FN
MBB$$G##34PYTC"!MT8Y?6?,(50+G&^]$%5QUKH,8G`,W']6C$Q4`&$@Z0$'+
MB:M[&B&:4>,G0QO$-`]6="RIJ.>4?B,Y;K$O<+XKYD23`$C2_;"?KURB0XW`
M,O<)$J7_*85`#6=*TYK:U(;5'*D1#FHP12*I8#J5Q`#61M2B&K6H`!GJ49?*
MU+:!YIQ=I&10?Z54IEJ5J$F]JE;/]]1J&*E'4O575;=JU:R2]:I.U4J-2KI&
M4$[55V,]ZU'-*M>EIO4S14*=X&!A+A#<]*^`'<`>XW6!NC)UL/`JK&&/R@'$
M@JN/2]!F*FP7UB7$=;$YHRMFUZ;9S2X0-`1@RA@9<"LB6/.RF^VL9U6[V;L"
MI#QM.<$DW<H$U&*6M;?]AVT7Z]I.G=:S6-4M<#DKW.%^MJ$3W:UA<;M8YAJV
MMYSZK7%-X-RZ5E>NT(V4=(U[W;-VEZS9A=1VA_O=K997J^%]_]1X@7O>J[;7
MJNF=TGI76USNUG>X\972?%-[7_;VU[/Y;=!^<]L*Y5KWOZW-:6VG2UT$$Y@5
M!L:N@BW+X/<RU<)VG;`2(NQ=!S?7P\_5<!(X3%8,SQ7$=0TP@P;\X0)7&,42
MSA6+EPOC#KMXNBJFSHP/?&/[]AB_(D8"B<U;XQ(7>:LYYD-P$L#DRF[XQ3_V
M;Y0!O.)4N,G)(X8RA+5<BB&CM\IZ!>5;RJ58XSK6764>[IG;E6;@-G;-;8'L
M$NP02"P+F<M"Q7,DO(S6*LO'(G8^`I_+>F2MFMBH2=[#)0#(B>3J&1*#OG"A
M^RQC1T_WT$B=-'R#+.A',R+22\4T4?\3_9D=RU74Q)UR@BN]X$MK6M*JQBRI
MM6)J&V_9U;'F+:>-`.H3YYK&OT[QKHO0:Z.B.K.OSC"K*8QK3P!JLE$"0[$S
M'>P8([?5/IX$EZ)!IJ:-8=K!K?999YV56ALY"63JS\?(`.Y4W]JXY`:(N8F,
MA#]BXABE_4*[D2UN\`Z;"/O&F1(`F0IMVDFC7@AX@_N-Y'\/0>%)Z-.8D'2=
M%'[;TWQ0>+S_,6]#)]O7[P;RLI_<["YC?`\:=[@0`HX!$;K\Y3`/P`.V`/&/
M(UKE)V!YS'<.\YEKH>8,_[*4F)QO4F(;N"WGN=*%YO,L`#WDP-UX&AC=3*,S
M>[A)7[K2FX[_A:>;',=2"K,;=L&L#33@[&A/N]K7OO804.#M<(^[W.<^]Q%D
M:QUF9[O>]X[VN_O]-'GGN^#5_H&_/^NMO3#$/$W;$-,Y_O&0C[SD)T_YREO^
M\IC//.0]$('.>_[SH`^]Z#5/^M([GO.B3[WJ/8]Y:CH!%N-L).*36`&M:QT@
MM;>]TLTPVT%Z,?>ZWSGN@\_S2*R4B<`G_LN'KWR8&W_V1M1`Q:9/_>I;WV+_
M2'[SAP>)XZ>4#]*_OOC'__SO?]+[4MS8,+9I,!U""A7&(\)0-%)JZ#\1$(]@
MYPEP<CPY?\9.)P(R0_`T.>%^K(!^4(1-ZN`9B5`5#<0IZ28,YB`3_X51=)*`
M@$]D(UQR;_7#2/+U32%!1FTE;_;71#8"('`0.H!D;]J5/=J`"@_H@0=8@DTT
M*@U$%7.@-X^0-1`8$V=R(OI0&(LW@X\$-TIP0IRR;DF`)+1&@TU$34C4*9"%
M<*6`@>97159XA5.4A5H815S8A?W"'?+017OEA&"X+Q:T9$RF``;XA6>8+U:C
M#BJT1OGFAF]X+Z$CAZ@#0`O"5W#VAX`8B((XB(^%26=!9XJW.>E!B(S8B([X
MB._B?T60A]*@#M6@/G=X18@SAK(E.IF(11;$4@;XB:18BJ9XBJB8BJK(('KC
M0"]C,->0.@3@BL*0.J9#A?12#;`B#-:03?_$(`0(L(O!.`01"!"Z&`U,Z(O!
M,(PGT"?MXPT6J`>(H2;#!!RNH@TH01"4L$@"@DL9Y`>X*"P,4"!J$A@,X!EP
M,X[U\S>!,2J=TX2RE3ZDPT!<PH;M^#'BI!&,(PG58`P),XZSJ`V*(PCLD`O\
ML1\&X'K`PDU6LHO$Z$*4,@@.T",T\P^\M&[S^)#I`PRV8PP9<8#\9`<&T@Y)
M@BBY$0NTP!>PL"_<-"J3,XFS.`A9(I$`\#15!PD7Z8Y14@P;23H^T4*M0!:/
M<!2CP@"Q=Q2#@``@(@&(T)1)DC1X2(XE<XY$0'`.^#=<`R+%L!XD&(^#D)'R
M`0<J00U_)`!%X1/__X``!H!+;>`'KG(6V2$BN9`8XJ0+UW&3]7(=\\$758)2
M!7`A8T1P"5`,!,!DX<@'A3D?JY",\M`0<S"8<0%(R_0/&X-+@,%1%=DM=[$)
M&O$R"DDOU^$5OA(.]:`KO[&*J)F:JKF:K-F:KOF:L!F;LCF;M%F;MGF;N)F;
MNKF;O-F;OOF;P!F<P#D?AE><QGF<R)F<RGDL,I@5M2*<68"7K?"<2+`@GPD&
M!P,%V6E)TLD*U"E'11!M9O"`4$">W,D@N?0;XP!40U`>5G)`(!,P'I1-/M,6
MA1$XLB1;GLE%[4DS)X,RW%&!DF,,T2`S*1.3!T-_C]2=I2`(L4-!'O0T_[ZX
M;A,)"*$S`?BS";&D(>=(1@LPCG,T/55A)6;)0A#J+1@A.63TGNP`,AG!/!0$
M5H;$H)+@H)A3"&F$)N[(&CLJ/7)4)9B8/[*CB-S3>`X1.]["%8L4#>`#:)GS
M"J@@GE]$HY%@HU6107"3`$9HDA;Z@'_C&W_C&,AX-L&@I53SE[5#->_83E!3
M.TR3IICS-[]A<:@#(]HT%AY$-;''1E0*";G$'28S,_VIH>AP%OB9"IX1.AX4
M#U!5<`#$GRUC,E%S3H!Z#*$5#P=3'LB4,B]CABJ%GIYZ!#P!/$@@I:HAI8O3
MA7W*"-\)G:,`JJ[:!:O*!ZV*%K31J`&C*N/@&?_X^1#;B4YJQ8E0I4Y#@$Q"
M8*P*.@6SN@>U2AYCPCVB\@@#]2BJ(`V$H91=$Q+:H(;1R`<*``=V@"B1HS>F
M=8B#8)2F.F>PR@2:0QJ/NH'3.B7@9*UC1"-V``YWL:US.(21D#\B>0QMJ4ST
M2J_&0$Q2L*QZT*S`^#U3*1WQ*B7$E#[I8Q)D0C+ZNH=!J1;$(U!R@`J.Y$@;
MJ*SKV@3Q-X`D@[#>:70$:`>5@CN56&>M,(_!00Z.42D?>ZW7"4HCNP1]X@QS
M@!`UZRD12QB*Q!<>)%#Z*@V7F+%R*!]&.*+@:JX00150V00HJP8*BZ@%QXFR
M)8F?07#&F@IP`$"9RJA!4?4/5@('L/65`ANVQMHM5<M).[LOU2JJ.0L0WWH$
EY!H&5YL&61NKKS>W@&L%?8L&$T!VRYFXBKNXC)NX)M$%00``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>u53165u5316506.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316506.gif
M1TE&.#EA(@''`-4``(."@@<%!D5#1.#?W^_O[Z*AH7-R<N7P]V1B8]#0T%13
M4Y*1DK&PL34S--CH\R8D)184%9:AS?+W^\K0YF)RM*>QN,;0U_C[_?7Y_+G)
MT\C8XVURB+"XV>3G\D-2E"Y#F\'`P,OA[____P``````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!```````+``````B`<<```;_
M0)%P2"P:C\BD<LEL.I_0J'1*K5JOV*QVR^UZO^"P>$PNF\_HM'K-;KO?YH""
M0`0%I@!`-P$)@+9V9P0(!``!AP$``HB,((:(`D8,"W"57H<&=7=2>5T"`B!T
M6H%F!GH`#2"J`PFJ"WZJA:FJ"4</?Y:Y6`&+E$*D49U<?EW`8P00M8I'QLM*
M``BZTE5^K[Z!"9$BV=L""P(*(HKAXN`"!4,%X`-"`@D*`NQ$`_#1(@8!#>A$
MZ@JX`@S@J?K$+MLG/2*`&0#WAX`[(:82,ARR$(&\<?*&0!/BK$@S;4,&?/(E
M8M.TDT^(&6*0\`ZI0'86,'B@CP$$=``>,+#)D@'`_P(0V.6;A.L7A`6.@B8(
ML""CB)D,@`H%A0""`1`*'K14!:^E"`(/KA;0>4_K`#]0"S1@MQ"$@08BQH)8
ML&](`X2/#B'TJI%1)`7^$-02<1>E82;$'#9HY7(3S$W"!)S"&^X!`%4/T`5@
M:02!/1'>2A85$G:@YC\O&PLYRSBN5B%C19QUI!4P5STW0<P<`.(!22*).,X"
MD;'9\%IO1POX?+AY$6+M;JKV2BKRY%^1\GTZ)_J(9(UZH`_1_NDTW\?C5=WI
M2`K!@V2@'VS/Q&M[K=X01(W'"U(3D8Y][?6)<P0"5]0`#1S2$AT,3&>=.'HX
M%(T!<WQ5BWC_/4!'`IEU1__$0G00<"%JCCD8`&^--=355Q!H@TJ(+`F0B6R\
MT5$8$1#PQXQ)Y7CT%70R%B@DAAS>@8R,"?+U8$X"-`#?`!`TT*1Y1B`HY0,5
M8BA;E%-VEUI+GP377HL-/#"8"+ZM1E.3F33XR6(*-%`59T,$V:,1S;2X'9KP
MK"7$34(6"(!3LB$T```%'%KH+[@4T"BB1>1Q$:'\7*81I1#B,NBBB]I1P%Z*
MK@9I.@\XE<>!DOZR:1'<)%37/'LEE,>L'('Z6J"XYLJ$,4T`JH4^72`PHZ[$
M%CL$KTL`I1\6`7%!0`/+&BMMH*$Z@<!O6100K14+G#GMM^"&*^ZXY)9K[KGH
MINO_7"NJM.ONN_#&*^^\]-9K[[WXYJOOOOSVZ^^_``?\[A$$+##KP0@GK/#"
M##?L\,,01RSQQ!17;/'%&&>L\<*8JNOQQR"'+/+())=L\LDHIZSRRBRW[/++
M,,<L\\PTUVSSS3CGK//.//?L\\]`!RWTT$07;?312">M]-),-^WTTU!'+;71
M(@I!0"B_Z'>UU;AL/372(&B#Y#T`5"B"`A2>;8`!!*`=Z]=#A]T.806$<]4V
M>B#P*6$&$P:WT7*#UJ1/XJ#CB#@(Z+&<XIC*)/#CD$<N^>245\[OMDH$#FT!
M:=^=0-Y[-]`W7$<P9?GIJ*>N^NJ58YY$X`J,E<"U\<2X_P!<WL1S#CE&:/FW
MS55_A75"=%#B]?&C/9?\[T&[CMCRS'_M>_133T]]U-9?_W3VVC?-??=+?P]^
MTN*/?W3YYA>-?OI#K\]^T.Z__W/\\O=,?_T[WX]_SOKO?W/_1=#&0M"ACJ(L
M9P@$V$<"_5<N``('(L1)`%P4P`YV1.4K"HC0=Q@X+@>.1PB`28!(ZB:*`1@@
M`00PP*<&P8"W<7!:'A2"21A@D1P90!Y8F<MR<N>9%XHKAB61C6P0(#>])416
MJDJB#\$%Q$BX10&U6(`IG@4"!)@M`?O`XA*9"#TO='&+;$C`L`;`$I$4Q2<6
M%`"#U(@$(()12($+&P$&`9I:I/_P628$BUN>U<8OOK%<@9-,*R(!`)8<#@`1
MD9'B,.?&/SHG<)8Y!R$-=XK$@<:2\2@=4EC'R4YZ\I.K<QXSQ%:X</CC*]$H
M530@0$,10*"/COR8&&$CK*LI@!+16(`"6*++/RQ`,+"4P@4D0,QB&O.8R$RF
M,B6`@5B>P5M0N-\!0D#-:EKSFMC,IC9#X`!G-D>:VPRG.+/936\:!ISC3*<X
MRVG.DZ!3G?#$)CO;*8UWQO.>W*2G._V8A&GB$Y_SU*<E[/E/=094H'`@:$''
M>5"$ND&A"PUG0QW*!HA&5)L3I:@:+'I1>6JT$ASMJ#4S^M$SA%2DU"1I2<MP
M4I2J=*7_8VBI2%\*TS#(M*,TK>D7;GK1G.JT"SR-J$]_NH6@+G2H1,V"40N*
MU*1>8:G_;*I3J<%/)/@3I=N4ZE2G`%6`;I4(P1/"8(8G/*Z9-9A1N"I6R?G5
M8X$$2B(P&"$@LK9[3'%MV$K/%-2ZUFMJ5:"!*\2)HD'$18%"#YE!+%JAP->^
M5O.O^@S<"?U`2$H<,H.@P>Q#>E?5(S36L?ELJT0*M1*[_>%S(M";'D2WVC9N
M<E\6`"TV-0#*VMKVMK&`0N!DF-IOD!$TMP.N[NJVV"=\UK&0I6=8CT@\<93U
MN5XK76>-<-R^)K>FHE1"5^]Y7=%J=[I%J.Y:N^O=XCI!O%@E_V]Y.;M7V?IU
MO3L%+Q'0ZU+X7D*^0Z#O3.T+5/P*0;\XY>\P_"L"`/<4:8DJ%&=2A3>6?.I,
MKPK7=N.IWI:!@FQB6Y5.+*(;>R#K6Q.&9X59=F&.U,(R0PA*)DU8*!Y)F,`&
M%NH;9GDVW@U@'R+1`U;",0`$9'(:)18)=O[AF3_T,"PG(E>(#?H&N16@A>AP
M"%ZPTK:=%$"*#CE)B0W`$@;MXPXTI`,AU)-=72TYG2.6PFY;.(C#4:3'!O!,
M0`R0UTI<V">(6DBI$/4-4+1H6"[F8GO=^]@F@P1:.2G3$-XA5L%\8[=P)+"T
MSLQ00W.$3HX@`#N`&9=(_!(L'0,?I?_7.>-,]%@86'Q'%2%UPZ^L+<+L&[5$
M#S.`4'-0UED5&@<BP.M>^_K7P`ZVL"/0`6/A&J-"H\`'ELWL9CO[V=".]@<F
M8&P8$[K005.VM+?-[6=3NUC'9BL:8KS0`Z1!V]U.][:_3:QP>W3<UZ:FN=&`
M;G7;V]GL-K.UXYWF)9"[H/,^0[WO3?!\AR&0F^GTL-Y"B;>P)#GF;<*_HYJ&
MB>,SX&88.,'M;7`P!`Z%I0I'85D,BDQDQN019X+%N5OQ>(<`XV70^,;3W?$O
M[!9!<H/4(3&)24RY^[WPCC?,R2#SF7.[YEX$R0USCIK)**X3_0%.XBI6`9=G
M8&,4JWJ\*X#_]8EYP.@$W\#%;(TG;?0MM1(4X=GXL/9D4/!6RAOTM?NMA)7'
M<^AC*#K8HXWT+MQ8"`8;U*&0(RMV9%I6KOOY2%LN]'/OG>.5('L2%(_M,]@=
MGG@7@]X?C^]JRYW0=.^GRS,?ALUSGME])Q#E4\KX:Y,>#*8__;0]+X7+,SGH
MKG>\[-=-^[2Z//16';WN=\_WWC/V]ZTG].N_$/O3I]XYJP^MY85/;^)+^_G?
MW/?<D^_>Y7NA^9S'_F&B#WS/4E_@UB\^N+4/>N[+UOM=`/_CQ7].]KNW_-0]
M?\;3#VWZHX3\[@=:\,<%\K=W_K=/GW=_`>A8`[@%!0AV!S@-`(A[_\HW?/R'
M>L9G7,A'@=UG@1<X>^N7@+*%?^&E?S'W@<T6@?5D?R.X@'W5@%KP@$:G@KHP
M@=/7>-6'@LM&@[E@@V9@>^D$@UD@@S/'@P/%@J!%@O-E@D2G@SN8@>>U@3>8
M>SFH@T8(4DB(7"ZX5D*(!42X<5>84%EH75N(55UX!5]8<&7P=[`Q*2%A*'`X
M>6,X7F6(4F=H!6EX;V'H!)*E%B84-O*```P`%X(8#X+(.W%7>U+X@TR8=TX(
M@F,02+)"2$T'(4^G."GG;XM8!D`X3G=8!7D(>60@B5A164A4-HJC6=`D0XS0
MBJ[XBK`8B[(XB[18B[9XB[B8B[JXB[S8B_^VB(B[H@US@"@B]P<DYQ9HPCEH
M@@2\@5O.^(S06%N25P=F!Q@%HP"$D#=HDUH9-`C7(F#@0B?@.([D6([F>([H
M*&#-*`JML"P@,!A7@T/&V"YE-C)B="KW`!"+9B>(Q`Z(%")LHPL,8`JK<D)#
M\`WH<"AXP38+$1IP,!9.$@\@T`=*%P"LE%H04"H%<`@MA`C3*#+:X!`U0CI'
M=$-/E@U<Q@UTI@LT)F2@412X]"P%@R@,T"IS]09G@1!30F<F`1#+<1:$H0B<
M(XQ1IS+"D!#1@"!%8!$7)A]_D!F6\9%E4&+B\`=4"4($X!(^]I2R09)N\"*_
ML`D;603PL`S@``'_M/$GL)8RRB@$K51(\Q`-%R8E?W`71,1&E2"(%&&5HS$)
M0>06<UF5E0`4N/`*VR`Z1+``01$;#9`<R^!C]3@R4'28"3$L[5`0=!$["_!+
MGP9W.&D13T$.5.F2@J$W"4`7A)4+93()`1`-"I`(N'`6W]$B`5`W#_``A%";
M,2-8F00/F^430;(1B`-X/V8)]!```7D/9^)CYS`(OK`1;%@)@W`(4*0.Y0$1
M>Q(V&J1&#A&9)9-"JP(N5;26NC((&Y2.Z)F>ZKF>[-F>[OF>\!F?\DDR]+"6
MPU(`9Y(`JQ@7]R`%Y'D$EDD%^ND$"R$/3S8$/E9K"0H;XI@$K[(0IU1C__]Q
M85AA6?H8%PVJ,W#I'4/``,4!/0"P0$XP&!F:!$4)!?<QC7-$1W($&VPC.FP3
M#2W*!'NA0J@4%5!VD(.86O0P.W4THSGS#:ED#X)8`-HB'V53E8K``#K4-64)
M&FIA9*`0$&JD"*7R":@E'W+I7'$BI2`AI(*C1@:!.*)S#@M0&N^8%:V0%4;:
M`'12,-KB!SAT#C?A#1HBIP?Y'<Q9#KS3'Z330F"E%4Y$.(B2"E*Y,B"`#DQJ
M*4B))5=!2!#B8:HP9<ZU'.&0J',C9>V"%Z!1J5690:"`#MIP."T4"0Z!-D0T
M(U<#J:I@#U<QJ663$0300B"0"IPV`'V#JXYBJ_6#<1=:H3A5Y%QS,P2O@9>`
M%R,)0:C),9DXPV+=PJAD@PJ=>@K?(#R3"GB4`*Q8@5HB(2*)LZFUAHFKE4+T
M,!>HI0WT$%?JX*UT5I-3%@ELHPIL\X>36I,SPAO9($%55@OZN@T:HJ^[!$*'
M5$>0"A%1II<;^@LS0D10)!B25&4Z$WAQ<2;$\7>90$"G64CZJ46NQFJ?,AE/
M]H_XN;%Z@PX7:XG1"B'#(K$RPC9B9)+8.HP`L+'0L+%8]"F^T&.3*44AJA4R
M`7B%.46PL1$F&U='F4)/>FHU:@J\84D5&A=KXYWT=*('!P8(D`KI^9_SN;5<
&JS)!```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>u53165u5316507.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316507.gif
M1TE&.#EA(0&S`-4``+^_OS\_/_'V^=_?W]7F[^_O[^/N],_/SY^?GV]O;X^/
MCT]/3S$W.E]?7Z^OKU&)O@```"\O+Q\?'P\/#P48*HNPU,'&R</.U$%YKCP]
M/L76WS@[/?3X^_O\_34Y.]_L\Y&7FOCZ_!0B+^KR]ZC$WG]_?Q=BJ<?>ZO__
M_P``````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!```````+``````A`;,```;_
M0)1P2"P:C\BD<LEL.I_0J'1*K5JOV*QVR^UZO^`P=@`X(`\#L7K-;KO?T`5D
MKC@&2O"\?L_O-P\09@,.=GA^AXB)BEP`$&E)=XN2DY2517*$0@IS"T*1*)L3
M=2@E=):GJ*E>FQ&:!041""B1"A$%`[$HC@69JKZ_P$T`$ITH!PH2>)$!=R4!
MG0T2O<'4U;X%0XV@`0/+RLTELB@)HM;FYY0`W"@+`=JSRG@($VD#"@@`*.KH
M_/U]`PLF0)!PH,"""`DB1#@0J4"".1+P19@P09R_BQC9'`#PJ`"`6V;09.,H
MQ*.9C"A3JES)LJ7+ES!CRIQ)LZ;-FSASGBO!LZ?/_Y]`@PH=2K2HT:-(DRI=
MRK2ITZ=0H_[$9D2JU:M8LVK=RK6K5IU@PXH=2[:LV;-HTZ;+EX0,GA(`V#8!
M^$BM734;-SX:<*!O00!O-^H;4$!PWR%D4#AH("1QFH*&!<F]2]D)8`DH&)-"
M$(XQ3U*`2PQ(@*!TB85"CHU&$`!%`04#.,\"T&!`"0<*'"287+EW$L"M#<&-
M^_;M97WN`!]H8";<;#SJ."H#G#F-Z`0G?6LW<@!!`A3B$/B551I\=\XEQI=(
M4(]GF?!P.2_HKH]G;/;;\^O?S[^___\`!BC@@`06:."!"":HX((,-NC@@Q!&
M*.&$%%9HX8489AB6;74!)O^.:$+@HR&`"R2@&2G.1>``-`@L4->(_16#(AG!
MZ:(/;S#FA\")L;D3G#8`6$3$`@UX9>212":I9%0O5E%`;24)L0``K3`F00$B
M&O%)CG8EL,!UNGV968F@++``545LR25E"J`)A9IK&@AGG`3.2:>`=MX)8)YZ
M^L=GG_S]":A^@NK$RA`'>&D='B;*"&BA.1&RFQ`-8)G>F3;B-RBD.D$YBSX-
M!-!`'6:V,B@\=HTV1&N`0:#80[P(J2>G-\'B0%[RK;@C:SM.,ZLA:(6&3YNY
MN>9<`<Z=2JM..)Y:B+,!+@NM6M).JY)';GXDA+;&-+DJL&5Q0,"XY)9K[KGC
M*EC_XHE3NJ@BBRX^>Y8`)]1K[[WXYENO@MAHQM`X"K3VW02*-5MM3/3JJ["^
M"ZZX;7#M;.8J`*.D"<Z2&$<%PL(<WYOQQU)Y.\63>U6)0)4H7)EEFN"2E7#'
M'"OHY76VE?@DF0J8Z>:W:+T,L\(.PC;%P3#Y_'.^O_9\],))S[LTT!?=4@15
M<=4C,BI$OV3TT_M>1-T0)10S00"R?!8,K=F5A$T9B.YLSM9<8_0U<D-$\(C9
MP-#:&F(!_%5"':39W0_<3\L-+)',D1)!'7C_HC<1?0_A'3O@-7O%`'5YE,]&
M'&GN-A6$+VWXJBBHJIAG+:OR^+9C=W*R+*Q6O`7>5`H<_X`TPT2>1>A'CPY*
M":$J<(\$C*>>RNITE[`V-*!Y0;NG*2-W]12\_XR1U*`,MNU>TUNR^J4-S!=^
M/CECV@7>HV$&:NDE3)"V%=7#?&U&U2+0/1B-;S8.$11K$7_'7$@,$=!@&]$4
M\'YER1H</H,`!T2@`:V@#:4:0`__<0UI6YA;Z2`0EP9\A&+<JHP"WX`YQ3@`
M6XTI20BQ\+^891!8B1J.!!+@$81\+BTC9$D+F?;"(1");)[(A(JV4($B&O&(
M2$QB!4C@..,1X0/HBB*ZT+%#J&E!@Z#!1@.QD0!?6<$$8`RC&,=(1A,\H(E+
M(,`%[T7%-;)Q"_193HB.D0`:*O^@CC><0AGW6,8S^D)0:G3C";`0`@$8\I"(
M3*0B!="!*U2185[PB!OX2,DP^I$-V)%<`+[#D'P,8%1(`*0@!WD%`XQ2`(X<
M)2G/4<E*7G(-[@`;VVS1&A<E3DM.'$(@W8@%4PH2E?!3)3]:2<E7JB&60G"&
M`_8AFHEY$55*V.4:>WG*5(YRF,3<HS'%@,R'.>!'$Y.5)SP8EW*:$P`:&.4Y
MU\G.=5Y@E!9HISS7:0%5SO.>^,RG/O&9S3UB`)]YC`(R'^$BS'3";@HP6"Z%
M(,T+4O.7UA0D-OLYQFV&(9,+"!,A6B0+VGQ'7DEH:-Q*6<U@7O,*(Y"B2LG%
M`2Q0E(S_%E7#"8>V4!2(M'`DA:A))9I3-P+SBR\58TPI(4J>6L&7/HTH+WNZ
MQI]6(:A"16,T3WK4DE;AD1BLJDZ!"E4S2C6D5*T"4INJU&DR]8).I4)7P3C4
M211UJ5I-ZD[A*E:K/G6M;97$6\T:5[+.E:]UW>I=NYK71>S5H6?E6EJE@%5\
M/52N7(5J815QV)'V%:UE1>QE%>M2O'X5"3<576*?MM@H-/:-FR5M9PG[V2.$
MMG>C75IIH7!:>SW6KY$-ZF0345F<IE:VF;5L8"$[6,FVU@BOM5YLCS;;)]2V
M:[]E[FJ-^\>:)E=^R_U9<YWPW%4.%[?%U>UQBW!=`&879MMM_T)W;XO9*ZS5
MJ]5-8UBI,-;V7E68Y^U8>IOPWMTBHK>BC:YV@^O;[]HWO"_U[R$`#%L!HY?`
M`38P9]WKV39T4QUU.%D=`&"F4%IWOE.H[X3O"V(IB%BU%&:MA=D""W8XD'*V
M2"A(05OB*)P8N'_5K(11G-L$NP&9S`P5:,(Y8]?6&`HWEFZ.A4M?NZJUPFP`
M<G`2$)P!.-,.Y)1G.@6Y3WF^4Y#Q[#(][2EF=\*SS.M\[S_O&=`W;0X%"^D;
M06JYF/=YXL-&W3&.29SG)@OVR2IF@_TR(YV0I*=TQ2HR<H_\A"0/>,D%]C-Q
M`4W=-]C9"0Q6KH/U"^$&ZUG)/::H@O_]D&GL;IIC^UW">O.+ZNF*-[Y3[7.(
MG<Q8_)YZ8:E>0G_'2X3RNO#6"LMU$E8-;'T).PF[AC5896UB6IO6UI]^=*C[
M.>H^E-J\Q<[7L8]`[&@_.,65/AZ>Z2II\%(/VN4^,*5?K;IQ`S;=(P8=NF?]
M9SU"6=SR9;:-G4W;>3>[WE)(=KOS36YZ3[K6C':"H[\][6Q6FP_7_K6W.0WI
M",.;QP@6-:]UF?`F+)SB?"[XOP\>\'MCS=TZOOB>Y=UQ)GR\U>!F-[YC+?)]
M`[S?+5_"RW'M:A\KF\;Z1C*_G>MOFY,\"@*?^;)K+O2;$SWG2MAYL'NN<3V0
MX23<$HFBR0O_]21(W=B=UO3$8=YP8CX\"\[X3@/J"`HO?2[B/,PVOK9MA&ZK
M'-09I_8>X&(,@:&`8,O<>J^[CH2O:SOLIAX[SV/N\SRH8TK!0<#$9,<SFK_;
MX.9&>-`;/?0G)#T/&?4[X`V6Y79NV8UH/N>7W1CFU`.@GNIT?5Q6O\;6NU[-
M`/4"Q7*6,MZO/5ZX)/CE1Y[Y9Q/^"(:?.]7U;G6Y9/UJ<+>BXJ=><4_?7=IY
M=_C&&7I\(R3_7G0O@MTQKVY[!UKI0&<ZYYW.W:(W_>A0^/PIH@])N8,?\=B>
M/M@97_6!6S[EY!=OY]9]1?!]]A)^12!_WH-R3!:`&#>`FZ=PG><$_PI8"?27
M5?IW>-4G=M?'<-EG=MMG4P1(!`98+P@X!.-'?.57<N=W<L('@"HH@)JG?A+(
M?A1H<O/'@)'F@"L'@33H<1/(7SBX@"_8@#'X@#,X?$97?$@WA!:H@Q;'@WCG
M@TKX?DP8?TY(5%!H?5*(?50(@TNX@DW8@CE8A#MXA#V8A&!HA6*(A61(A/]G
MA&$H@\87@4!H@T+XAD]HAE&(AE.HAG+(AG0XAN'F@G%XAG.(A'7X@RX7A$Q0
M@5K(AUSHAUX(B(@HB(I(B#)W"&OW4<%WB'V8B&FXB%6X?O#G>5F8![;Q*8+'
M<7;8B'BH:NYGBE>(BGJH!]1Q:%HB`<S0B_^^R`P>P`#".(S$6(S&R`"_F(S*
MF(P;<(S.>(P9L(S2F(P9\(S62(S3F(V]V(S7:(W1J(W92`'B.([D6([F2`$B
MH(V4%P8'@`<G4@0.`#+R.(_T6(]&\4Q@$`"U8"W^83G\^(\`&9`".9`$69`&
MF1:)P@QUP!"Z`QZB@@W.4`??="94]@P(=`K+P1-F0&79P1IX8!LT5$#8L(HC
MDP`\00CM2$.IH3/U01ZDD4P7>00`8)(@(@29Y)!U()*D@!_M6`7K$0Y:9!%/
M$CG>X9(.P!K/$`6X<`</$8\2,`$RP@P0D%`00$$%0`P10655>0X'8"H%,`'8
M<B+Y8`OLP1EVA`?_$>"/2W`E4I()R?(1#G!"K9!1<SD.-94$75D28`D*$\`6
M8_DDKQ$.M](:ZS`%#9`)=X0BB((Y-#273Q(]BB%.2]`^0[`):;`/*10!/$&8
MC0`8C`$(:ID*M",+GU0$5[(W0D8;'AF3_+,WGH`<:=-`019Y$'`;4\!WR=1`
MWS095S(QH9(/$A`JRC,%KC($J%,$,\E,L@$BYO,$IS$$#N`J5PDNG>D,LR!Y
MQY$`ZF,.B1DBLG"3V_(=>T-E^F"2N>&:3Y"7)=$:`-$+!1``'C%ED>=!S?D$
M]S`$":``11(1V8`'$T-E8ZF/#B,%>RDEB@DY&Q$<\4@*'O&.EE$1QL"+[>-0
MH*63#.!1$>Y3FW<P`-*`#K!@!@!`,,(S0,4@/*.2&R>:4.CY!"_YE7IQF,;Y
M"'%V`'.V'!PZ,A*0!@ZPG<CT+Z"P&`K0CBVR`/BPHDZ@&]B@CP>J"6PQ9W!V
M``3C*%"P"1#Q&G/`0:X1`',`GP+1&J&`+*;BH9N`*0I@'T(0CW"!);+P&H@I
M-%.PHP1A#,DBIY]A&X9F!O%X:4W@$!"@DB'R"&CZ$8F&`*,@/&WV&UJ:"7$Q
M!,CR&>UH:#IJ!0\A"F00%U3!.2>!)JP)#(G2)GKP&IJ2!XF"`(<*!MX1FF`P
,"*5ZD*S:JC01!``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>u53165u5316508.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316508.gif
M1TE&.#EA(0&L`.8``#\_/W]_?_EE$````-_?W]7F[^_O[\_/SU]?7_'V^9^?
MGV]O;^/N]$]/3Z^OKX^/CU&)OB\O+Q\?'_RRAP\/#^"A??J+2_W8P_[U\,77
MZ?EN'M._L_[KX?WBTON>:?S%I?J56ONH>(NPU/EX+>R#1OJ!//R[ELK6W/)T
M*^:28<W.SMRIBN.9;_5L'?W.M#-BE=:XI=QD(]FPF.][.(AC7'EC9NF*5-[%
MMZ.NM"5BG[QR1^ID&;)D/[7&SY&7FN+K]-#'P<YD+$]B@L76WT%YKO>)2C%I
MGOCZ_/O\_?6MA$%BC'YL8</.U'YB4L'&R>C5RM/A[O3X^]C>X6MC;][/QN>E
M?\!D-O/2OQ=BJ;^_O\?>ZO___P``````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````"'Y!```````
M+``````A`:P```?_@%N"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@
MH9=9I*0$6Z59!H-9!`:II:>"!`>BMK>XN;JZ`[V]`5N^`Q19@@,!6<*^P((-
M%+O0T=+3U(/'A=<&#1'&S-V%610#"M7EYN?HD=>$ZPO/P=[PA0@`#0WI^/GZ
MY0,(I:O]LBB@P&S=-W8/#`QPL*^APX>>E!43)J%@/(-;`D1850^BQX\@'6&4
MMV4@.8P8*4@``$#"`%DA8\K\.-(@2Y('MS@X%J!G!`0S@PK55Y/9@FLHO:TD
MM!/FT*=0H2D#1G%!3I+)G!J08#6JUZ]@PXH=2[:LV;-HTZJ-!*NMV[=P_^/*
MG4NWKMV[>//JW<NWK]^ZM0P98$FXL.'#B!,K7LRXL>/'D"-+GDRYLN7+F`T#
M7<NYL^?/H$.+'DVZM.G3J%-#3,"@M6L1L&/_R'3`@%-'@56?^S"A=^\+0QEH
M&4X<B_'C&18IR'U(@0(`60(`@-2`H>YS%@1HUS[AD3\##PP1Z%J(7"CAQ(<?
M1[Z(``$%#HJ5S.+`.8$LT`.0HW\_RP,"#EBGDP,$2"!?@*C,%Z`!"SK`W'6<
M9+>=`-TU<D`6"YA7"`"K&!*/)^BEMYYQR2E"R@*#"<+A`@1$$%U^`-1G``(!
MC/=``X$Y>``"$9Q"0$\'``-```0B`)X#"-P&H?\F$FY787W1$;C%`0J$)XA_
M\DWI0'@&;O$`@0K4"(QS5#YX28C%C5AB(J0(J6)&6\#XX@/A-0`,D2T*\D!M
M#4PW97@&!#`8,EM(H%,KY"VY29/<S6+GC;(\1T@`-+[YHB`.-`!@?I0ND$4$
M`F:"IGIJMG=?28+L5])]"K!J0)BG9G$`G8*`]Y^&8;[Z@`*M3*E?H*$JF@FC
M%#9#J0((A+=CDH($<,`"F_7$HI_(/O`3K#1&ER@FK+G66FRR"1L:;[Y-`-P6
MM!QP7X?J=NACAZB<$M@K!AR@KH_%]"KNOOSVZ^^_``<L\,`$%VSPP0@GK/#"
M##?L\,.=O(JNLQ.;";'_OQ>B(JB7#`7KW716`4#`/7Y>''`$P+!8T7,"39(A
M=-/U%+/))R^`C)`$U+.M(P[\9&#,]&24)2$-//#7T4@GK?323#<-EP,2.!5`
MG_[@[&65E.`W\A8(*,#-9H8,27-IR0S=;(U6&1HD`&%.@A\J$H07CI5A?SCV
M9V5[>"<Q</:IY"=BWRU:WOH$KJ@#`5AU`$OV]@2OHH3G8[BP-48WJ8:0#V`V
M.I,O^<!TB_=8$@`6ZQ8Y/IU#N'B'#9!S0'7[GIY.ZJ83D*0J#<@Z(^9+RLZY
MW;HASE"4OGH,H>_GT"[X6LB;H_SR:35?SO/0GR5]-=23%D4"W'?O_??=]Z[Y
M_S[9CU9`>NBG3YSXFR</_&GGJR__<.R3_[YI\<^O?OV%WU]:_OI#'_\DYS_2
M`#"`ZSO>^/JWI`,B4`L#1%T!S?=``2JP?<Z;H&@<B,`(SDZ#H>%@`#WXNP96
M,#TD=)\)3TB_"]Y"5JSHD"H04;X-LK"%USG=*V3Q"D&H:TJ2N`^1MN`I3>7N
M'H>H80AO"$$7#N(^_N":`]@VM99-8E>O(^+GB$A#$()&A/HC(0(<!`P7(:`!
M*)J$URX4LSYEA'<J\H?3YDA'6`R!B77,(QT?L,!!+"`"%Q)2+724M20!I6O3
M`=N&O/@9,,Z/A`'X#S`,93L[P5$Y]#C%`Q"`HJGM3/]%C/2,(^47004L0%-<
MLU/?HG@+)7Z1B2G,X`I9&,OIA;(SH]R?$PDXRQ/6$GNWY$PNT_=+:KBRD;#<
MI01[6<%B3N.8HDQF#ONX3`@-TX+3Q*`MF?E`9TH#FKB4INFH^4%N=E`LTI$%
MM8YY/6,&<RW71&%89H4D8PB"`@;PU"/:^<QWJB6>"11+BH*A(FM!@I_?]&=:
M`(K#L!C-GEN@0)@NB0B$1N.8BS.2(+IB2N,]A:%-#(L#R#.`>Q)@D_LD9PD?
M$1_8Q6D+^30`-T+A'A_68EVA`*E`;5:CEZ*"DW^KJ$I5&(D%6&<ZEML8*'I"
MQ%->Z%,Y%:=J+`H-<#:@0TC_O=/C.L%4Z/A'15O=A$Z564Y(("`WTYG1`6:Z
M5&!D`0$48,@?HWI#;UZ4D?@!0%>Z\CEM9H*I,&6KR$`QUJADX+"(3:QB$0L%
M1E!U%^"<!E-;5`Q.(O$3A87*B#;+60@X=JBR_$A-T36+&1)6JD/AK&J/X]E%
M/'82!9+`*O`C-P#0;9&,&-4#$^"5S#YEM:MMK8FH>8`!7-5++LK9/13I"`4P
MR+E`J0XW+HO;1>@6@;R-BF]3"]S.?G9HQ3!J/B-*)$Z6CA'.>1NE8M:^\ETW
M@-F%RG:%TEWONE:E8[2<R.CD448,YA4Q6T#,_@8`.<:%"4QT@A[S>,<;+CB/
M]=TL_Q'FPD>SV>X50EK%`C8<5$4PBVLY6^OBNIA;)L;WHZBE;X37(UPVD7,C
MS3C`,_XSQE#^:+(4^U'IW&OB33"Q`&)-<5!6S.+O$B)(^M'8;'5R6U'P^(8G
MOL2/@UQ7KQ"9M49FH'5[K(DI:V*^0[XR%EHL5+^ZL\10]O$-@?QE(<]$S&/.
M,B^WG.8NKWD35-A`!?;,YSUOX`2ZC`J<R7R(U^;BR2R,LB6\7(D.?,`#$XKT
MA%(@`Q7(4]!B)K0A#(T+1)]0T95@="0Z`&E)FUK2*0!T2#6;:3E74Q'OU1^H
M*2'J1K@@!!HX]0Q(P((^LX`$IDX!$+XR:%>7%=9<SD2M$_^!`1>`P-0E\,`'
M;J#J]&U`!BQHP81:8`(,8/K*F@8':+=)YT2KF85L5@0&)I#K2(]@`MX61"Y/
M4`$43$@#+F`UN(V]4F376=EW3L0%2CVA$IB``X:(YPKLO1T0Q#O,^[ZOF?N)
M9G/;&=V(N``(VMWP#SR\$`!500HF9($.J#CBPYUX0BO^Z7.?,-V#Z`"Q!."!
M<R4"I!_@N`!L'I-B2]Q^+*_@K"<A:A.,0-+=;H1.,1"""7G@S:W^N9;];7&`
M8YP#(3AZP3W^B,*RN^$(#XG/4P[T<K?\XB>\P<PM\`%)9-8%6A?`",+^$=6^
M0`@YL"_9IYZ(6,]OZ)(X(;VU'>G_DE/"MQC0.<\?\2Q,<>A-H-BL$(*@'1[H
MW<4JOVO0A[,!4Z.`!"0H0@AZ\X$+F/[CC]#?"3:P@A3,0-+OIOLDYMOT[3R=
M+4A%T4Q+&GGCO(`&,9B0%2Y?YK)3/3TK.+7R!5`""U@`!.4RO?0O(/LM:$$%
M&\@^ZROPZ]>;&@0'QP28)S"A"NTS9ADF:.1S4(/@3R@&4R!^H<<-S,UKX02$
M7[[^]\__2*.@`E)`9;24<1SG<.>7$>G'>Y]``SL0:4&@!,'%;T1U?/.#?=D'
M`TG0&\YG`3K7?QY(`I0&!,,!<Y<`9H+``26P'26`>FR"5&>U>YZ`=3H7`S7P
M`MT5;H3`_VFM-$%^)S]1U@'25RX;Z'QQIWR@1P(VX&<;D#XD:`DF*`@=D(+:
M40(FQPB-YR4X`GF;\`%%N`,T8(/UA8.L0']G9G9"YW(5U(25\(2#P"B+-PT7
M0"R61V1B>"5D2!M=@1_#$R,D9H:[A88/I(:'YV:%\&Q.4@T<0"P>`(9T:&S.
MH2>#I4I-Y@AO,R-;D#O305V$X&EGB'9I*("^Y`@?X'0L>`ND5G@F-W:85PA,
M%5,K8UN9!PY(%6`#ED0\F&R8L&QK2(B&D'/;87B#<`3@,XS?@P2/@`$FX&XV
MIXK%-RENE6%H-(F4.(L9(6`906!#TA/:N(T]@0-,Y`/<&([B./^.`<!$/4".
MZ#B./<!$Z1B.2\!Q&M`$VNB--P2.[1@`.A!I&J`#W`AG1M"."$!.3*5?JQ!)
MS#6-,)4DF)A%MFA_\`6(""2(L\>+AX`!AJ@=(>!M/:@^@+<%,GAO25<(S#A_
M9M.*9V4H`4)%DG"%;[4?K=.'%/B'GAB(H-A,DL!T)-<!&YD^0[=N14AS;R@(
M([EIY/2(6%@,Y,!AG7:+_Y:+`9<);*@(%Z!S58"+@[!NDN8!I3@(0RENL0A9
M3%EU3HEQ;59EE&"1$X("*R"6S7:1VJ$!(5!]A]"5.7B'*^>'V`61`221;D>1
MC/!UVY$",-")'&`"4K@=&N`!5<@(=#G_AE^I"YPHDU;W<C7939B0B/X'`]4F
M/U=@=-\GEXK0F';XF(<6EF<WF9]8E@.8"4\`;/[':[Y&`@P'>UP7":*)"G:I
M>7CYD#,9D95Y3J)R`C!@`QY8<"$0E(YPFSIH"Y&9E[VYE[\Y0IH0(AN0`OFW
M?!9PG)B@G+E95:;9B:A)DZH9BJ*2/MC79WRV`AN@`AT)"=Q)FDOID+*FE_K#
MEY$0E8^PD^C3GH_PGL;7=U:Y:$\I?G[I"/J9'OR9G%&W=W,6D\X9GKXYGC99
MGDUY"?[)=XAPH,21H(V@BX-HEIB@H</!H8RYH*N(H8<@HEI`HHO@H1,)HF<2
MH)5PH0T*H!4J_Z!D"94%V@@JRJ*A::+-6*,9*J.T-J`EN*/R^7>;0*.O9J-B
M*65&ZH1(NIOSJ0E,>FQ.>IIC29D2:ID4^J26<*7]EJ7@N:6IJ:,P:@D]NJ1`
M2I+_.:0W&FI1NHMI6@EK:J5M2I3PN8-)ZH/T.3_V"0GX::!$.@EB.H%D*IEF
M*IYHNIHA6JB2<*BAY:"\":'0V:7`^:AQ2@F2>@LZ!I.)^J"+&J&-2IZ:"J8S
MFJ=>61X)P3$E$5:80#*@"J>H6J0Y2J!U2@EWF@E,>E+((A!)0E&6H%ZSFJ*0
M&@DNVI>Y.@F[NIVJ6I=#0RB"4F`EPPGJU3X-H`S:NJW<VJW>^JW@&O^NXCJN
MY%JNYGJNZ)JNW\H<A+(9\*%4FY`G!UD]J@$?MO,G!J)0%44!TDBOJ0$`@)01
M^20!Y^6O!GNP")NP"KNP#-NP#AL*KY`E^F)3M2*Q\`*K%F):,#0(].)#LE`;
M'$L)]^$43J$OM#`+N8&Q_D4*3^04&7,E%7LEI*"R_I(%N:.'-,)6.V);E]@S
M7*,U!$`!!9L(K6.S@A(=&H(RRP4IR2(ZJB0)B2,0@R5C@_``&J$N-((,--(Q
MLA5$U:&'"#@(.\LE/EL=Z#<`-$L(#R`.QD4+O4`>V<HW$3``(#,`42,,8A$U
M/L0B0E,K/Q4D7'.)1(0A\)ED@N"NY+$*0/'_#"VE()KH"#E3M0FA$2&K']]1
M#ZI0(\<E"7J++E8!6#!UN(![5F7D0_UJ",65$%#C*0+V#EN`,A41`!*@``.P
MMCWC*5D@`?/Z%`KX4@/E1T9S)R,V-1108&D;-EG2$RQ#"%M34F^%5)_3$D.[
M:=Z`'Q'@-4Y!.M`14=M;$2MQNHG0N^A7"`L0O!EAM7%2"Q_&"`'@NM*Q489"
M""@3-/U04N\;#M,K$P&K$U:1(3EH%3_R4H?TOD,$"5C3#%="7:)C*+P"%,C@
M)Y^D"%L!O*0@.LU"#LB0,_YP8RESO(6POQ@2MD]T#P$L,I,T);O;'`H8-',S
M*89BC0-P%%PS';H[TQ:VTQ,X\BF&NQ4VDTI6<2-)LF&H%`F),S7+<499<DK(
M<"-7Q<2O8@_]E0A(TBE8);8KHPW5,3*D\SH]'`DS8C.D(\(PQ17`<$96<48I
M$XM!6QWN("@10`%\.R5TJQ\4$)!0`P#\2@#=&1.OPJ_V0@KS4@HP9;&#[,&%
MAKFHP!RQ,"4?*T,=UAX+(`%2`D2E!4,GBRZ!<2J3T,=[@BXP$;'R(1\]1%H'
M!0"]X")3Q#B'2QA$)#;/821OA18@*PVC)0WY"PJSC`N?,A(/V\N^_,N8$`@`
!.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>u53165u5316509.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316509.gif
M1TE&.#EA(0&R`-4``']_?S\_/P```/'V^>_O[U]?7^/N]&]O;Y^?G\_/S]7F
M[]_?WX^/CU&)OD]/3Z^OKXNPU`\/#Q\?'R\O+Y&7FL/.U,76W\'&R4MPE+7&
MSZ.NM$%YKGRFSJC$WOO\_>KR]VN0M#%IGK^_OQ=BJ<?>ZO___P``````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!```````+``````A`;(```;_
MP))P2"P:C\BD<LEL.I_0J'1*K5JOV*QVR^UZO^"P>$PNF\_H=!(1*!".B(-Z
M3J_;[T>"Y"!"3(X``7B#A(6&6"(";R6+18&'D)&2D@D"#HT+`0$/0H\EF0$+
M0@L%H9.GJ*E=E1$,0IH``B(ECP\1```1LQ$%``6JP,'"3@D!`JX)KP"T@@4.
M(B(.#B41E\/7V-DE!P*,"`ZWS"4!$IH!<B(3LMKL[8;00HDE$YP!RX_.1[;)
M[OW^:2(B'``P85H$!"(D%%CP**`#``=^V3L0@=^_BQC!B-#TJP2#<P`<+(@3
MKU2!61\#S,K(LJ7+ES!CRIQ)LZ;-FSASZMS)LR<D_VA`@PH=2K2HT:-(DRI=
MRK2ITZ=0HTJ=2G4H$G-8LVK=RK6KUZ]@PXH=2[:LV;-HTZI=R]6GV[=PX\J=
M2[>NW;MV$C0ZDNQ``H10'KC"2W@,`E%KQHG`!27`WL*0N6R$R$\"&P0,EJD,
M1````@0G)S`0P>\!:&H(2GP&`!07``8%XB08';GVDHU`7]&BI7FQ/4Z,`R0X
MD'I>"=^O3+=F+0(X`>*VHQ_!#6_<[N"^1?1"T-N7D%X',@EA,)!4+]8$SC.4
M([V]^_?PX\N?3[^^_?OX\^O?S[^___\`!BC@@`06:."!"":HX((,-NC@@Q!&
M&`8!%AV'V`+\4"CA>QL-,?_0']P=\,`"#[&W870="O$&`"0R\IH(SYTH78HJ
M1F!="0_-,LT1FU3EXX]`!BGDD$1*52$4-&XSRR\,(40*$NO(2%>*#CPP`7,.
M"$=```X49T244MIE8A1@AEE?F6;.AV::\:W)YGMNOME>G')&1V>=M=V))V1Z
M[DE8GW[>!6B@=0U*Z%R&OB6"*`O`>!PTC\F8J$\0_>+`!')H(@!B9D[:4S>>
MO;%C,6]ZRI-V$8BB72<KI6DJ3T^6<-(G';'YJDX$Z+(->@<,9FNKD"$&%`$+
M1"KEK8?RA&RR.BW+;#LB''``L;ZLZ!>4P-+U@0'<=NOMM^`:,,!_53[P`&N"
M+;;_ZA'.QJ0`"?#&*^^\]))@P'\'7/J1$`/-,B81[<+T;KT$TWOO?\6(MZN_
M4(Y6Y,,0%V5!P13'6T'$&&=,FA9LT&+::"+66D3`+PU<<<$'^[>,BQV!9FP)
M)+MD\LGUI@QAS"W-3/.\-C^(,TLZ[QQOSP[^G%'00MN[H=$8(2TTT0TR?9'3
M.T/-H-3_4$VSU0MB[8_6)W.MH-?]@%VQV`F2[8[9%*.-H-KML(WRTMG.)3?!
M;A\(-SMWU\Q2`LN<BTX!;@RSMS9]&\S2)D,`L.5Q7@)S>#:)\_S%A2M_9D8@
M*\/F$3B<2EZW7)7+FW<4#SB621QQ,$9&``P\,$TQ!'0I_YCAHY\":0+08-@[
M&*4/W87"C+W&@.=DQ%;,H@LYP+O(JDR.13G#!1#!`P=8S\D7P<-[^A,`E#/0
M,@XP$,$$D8M!.`$?N;)EX<)(?T4`7DHPQ!_`)ZTX%XR))D<O,-I19":E"00`
M+G#GV)P$DK&8>*2/"]U3&A<2X("(;*E+Q>B%;0A(!'1MXV5>6%6M\)<__9F.
M;F22`"=.\QT0;H%P$AA)RZ#7A0A^3SZ+P)"*C@2PW"G!<Q14%0TU(@IBJ2AT
M7K!A/SK0@"8Z\8E0C&(#.'`&!OPA=5J20/FP!06]X$(OLQ*)S$QX0G=`8`1H
M3*,:U\C&$33`#.N:1F=&$R-V^?_P"$VB$``X<2[/Y(R,PC-C&P?9QC>601I^
M$82L6".KAFGLD42:&"!)<#&J7&"2\+I`54!`R$ZF<0-)X>$45"(K.;ZHCE^Z
MHUN4>(4!8)($X[K"&3W924.2@0$5C%T`)@"C:JPLE:CPP`"&2<QB&O.8P\P"
M*ZW@2DS&T@JSI.4@;4F&!/!#AXP0I1#D!X5F3E*9F+PA$KP)R&=6(9K29",U
M(<'-)Y"3C."<I#B/\$X3FI,*Z$RG&M=YB'8ZH9[ZBR<@YVD$@";MGE/(IS[1
MR$]#^+,)!A6:0,E(T")$=&<(E8)"%]K00NCIE1F-PD5I-E$35I0((SU92*&P
M47UVE!#_'W4F%E):L9+J[Z1#H"G%5OJ$EJ;SI8.(Z21Y^L]7VC1I.!6"3@M&
MU";X5)I`Q8-0RSE3HV)AF558*L&:RH2GTC*J=Y@J&;FZ!*W6ZZA/JZI,9;E0
M=9Y"K/94ZS>O&DZY4I6M;=WG6U4)4KO"DZ[R]&M<\9I7ANYU"7UMI56O@%4J
MF)5>9%6"5ST)5CO`57^13<)CYX76J@D6LUB8;"T/JX3$,G.Q5FCL%#8KK\PB
M0;2$K&P=+GO0SR:MLUNSK=!<>P383I.T23!M5E%;!=5*@;7QXJT1?%M(X")!
MN(XE+A6,*U+H)K2P:90M'6B[6]WN#+=A\R[-E%L$YKIU$MS%_ZAX3P;>LZVW
M8N0E@GG7J-TYI'>\[Z58>]N67Z:&%KN&12]?UWI:3.YW;HHE\#D![$;G'L&Z
MQY7N%*C;30A'8;YZ+0,;W.<=U<`/F*55<'0-#-B!]G>K_P5P?:WP!C>@:S2L
M&2+,!CS4$Y^UQ!2U,613C-T56V%5BNS7-K@8XAHG>*Z,K>N1[PI-!ONX"@BP
MGR(!V$AVG<<U6,;%*RF0Y2Y[N<L4>.67Q_SE#&!2`V1.LVO"C$DNJSG-&&!P
M"-3\P"F(@D5\`-RY*$CDX(IXM1*6`H7=:6&6.GES!9##`O+UAHAH\[XJU3%G
M<6Q22;>6QX5]\AD@#5]+Q^O`>/,TO/_B.P0,9]?!1B@TH4F<Y,`N>:R8SJNF
MS<#IG8J:!*#VVZL'VV05H[H(JBXJJU.KY`(;N=<]_C41@@W10$=AT,(^]H)]
M+6#$_CG"PRYNL8=[[0L?NMI%9C*WD4QL5QM;W/C\MB1J[=]=!Y32-[TUJ85@
MZ@"OF\;H!G2VI[OM$4L[W=2^M[7_K6]R:]O<X\ZW1M4="7:CV-VWA3=2Y1WK
MMLZZ#`ZOU[Q+@%QXY7I_YX8U83.M["$PFPD=Q[7$TPKQ[HY<UB47PLG+ZFPH
M0+O9W39TP!N.;Y&'W(0?MUS+U?MRB\>\!#-70LJ#7L:?@[;H'#UZTC5;\R?<
M'.53?RW#V=G_<UXG_*^M-O'0\0MUETH]YZLV.+\1[F^%>WOG7!^XVRN\[PGW
MN^!S[^G6^]GUISL]XF'/\=@C7?:?WF$D2<CXC@=?TY5[EO&V+CQ4[4`BB/3Y
MN6B/-B"9'LB_NQS9)*\#'?\U!,7/:^-+=WQN(=]NT,.\#HP4X,@$0/O:V_[V
MN,^][G?/^][[_O?`#[[PAT_\XAO_^+VO"!@^$RLC9.;-T(^^]*=/_>I;__K8
MS[[VJ\\`%[*82W5^EOC'3_[RF__\Z$^_(5SWB5\ZL'&(T1QW<(%$];,#`1'0
MQ/6H(8`(+`(!M/<+!3`!U_,`$B`!@5![VA0)P_%%JF$/0Y`Z["$;_[10`,G`
M$-ZG!-A#?QXA(HU#/YTP+0Q1.+-A!>3Q&HM@&BJ2/0SD1ZSC(O7W!`W(2$,6
M@0DT@M0R+6P`@53`"]]A(\01)9A1`!61*A-0`):!?[SC`/8##*3""!)``+,P
M`2DH*P2`/3B"A=/`2U4P'*.@2"70A"7`";\@(L5@AH[C?U7``,6!A7JP,KSS
M'`3P!Y=@*;MB!8JT)6\`AF/X06@8'MS!+]LC!96P$HDP"P\@`!4R@/*0@-#0
M#0F@?,#`?GT@!%%(!([!&(2S#+%A#PNX!*3$*K+R+]-`2N4P"VU@#QD()41P
M$@_A?HO6(:Y!"PFQ1U1`B9IA!&Y`2IKP'?\M5`7',!Z*L`"80@3FTRB*(`T"
M\!G=@(3"0!X1F!K10@31P!O;,!"[$CLRQ@0%,(A\,(8DY!&N0$H30$JET`?N
M!P67*`0/81)$X#RR&(A[Y(JK:`0D(03G<B-#`&1+$F1C&'Y.0(2XD'^R(@#?
M^`D1@(#%8#WD(0'E&(;IB`JUPT`VPF?O*`04E)'"43ZC(7M04#NB@$NJ08Q#
MX(6J\1H%D!G'XSR90071("J#P7ZQ(P030"HU*1P+(892X#S'T81\B"-OH)+'
M`QNN8"-78("60!KF4!S9HPD)D`G;0SA"@`#U6`@$`(!BU$<KH97'X3ACZ)7'
M$X-.L&@"`)8L,@1*SS<+F.$-'$:576@,@U@=[$-_#)$,@),,>U8%5VD)\4<$
K?425:WF5J7&5'-,&-[%HW5<'V@&09?``LT('B^:5]C>9E%F9ECD&00``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>u53165u5316510.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316510.gif
M1TE&.#EA(0&Q`.8``+^_OQ=BJ7]_?S\_/_EE$````-7F[_'V^=_?W^_O[U]?
M7Y^?G\_/SX^/CV]O;T]/3^/N]*^OKV-O=2\O+_W8P\77Z1\?'_J+2XNPU/RR
MA_[KX?EX+0\/#PLQ5/EN'E&)OON>:?WBTO[U\/S%I?J!//J56OW.M/R[ENR#
M1ONH>-._L\'&R>"A?<76W\/.U'A[?&IS=VN0M/3X^Y6GN;M?*?)T*]/A[N.9
M;]_L\^W(L^E>#^KR]Z.NM)&7FF)K=+ZLH:C$WG%W>O#U^=["LO/EW;V8@_CZ
M_.:28458:L?>ZO___P``````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````"'Y!```````
M+``````A`;$```?_@$J"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@
MH:*CI*6FIZBIJJNLK:ZOGP.RL@M*LP,""8(.#@NWL[6"``.ZL,;'R,F&!;@"
M`@!*S`(.'`Z"L@#.`M+/@PH%P<KBX^2E!0*%YX("'-<#A.J$#`43$\7E^/GZ
ME/&#\0\3W,%#1TB!/7#[$BI<N,S"+`;1'$ZP$$&@/X*#+#10HN`=PX\@RW$3
M@"!:LXFZ9`TD1`T```<%2H:<2?-5/T'Q$DQ`I_(B(0L%@@954+.HT5,WHQ%D
M8(&G1YP8`<0<)%7FT:M8-XV$QLT"AY(]H7I[*JA:UK-H*?VJ=8OD+FN#_P8$
M0S``(J$(#ZRFW<NWK]^_@`,+'DRXL.'#B!,K7LRXL>/'D"-C_46YLN7+F#-K
MWLRYL^?/H$.+'DVZ=&?)J%.K7HW/R('7L"O(GBV$->$0%'+GUC`30I+?P`,(
M'U[!D-U$`!@L6(!`+Z/EME]=($"=>@9'"00PAU8HPD9#X3[Y!OY[.''CBUPZ
M:PX)8W16TZL3N-Z(0;;OA<@2<N]I/'GSPA57B#,`*&"7`G@)T,``V:"C703/
M3!"!`PTP)T@#$S+`H!(+O/2,>@`T@*&(#CCWWB7Q54=?AP\\T$!)RL&E!`,8
M#K(`A`A8`(T"+RY@($DB(O!`19OX%QR``N[G(/]W/&7#H#-*"!"0DU$RX`!W
MUJ@GB`(A?IA-E!75U<N)FZ1HG2`(^#(A-`GX.`@"TQ`TI0`>O10BE]I$`*>,
MF1A9'I*&0-E-E+8XV6"4"PA@X#L"0/B=,P\0RJ&B/CZYY8.*DJF)F?,)DNA.
M/,ZH@`(RE>@`49,2Y9&B#4R@0*(<"6!EI$62]Z=Y26JZ%Z?TZ>KKK\`&*^RP
MQ!9K[+'()JOLLLPVZ^RST$8K[;345FOMM=AFJ^VVW';K[;>H)-`11'"BDPV?
MX!KFRT8:UO72`@G@YXAR"UB3EZRD.G!<NH5U:$$"(0*0P``(*)#+)`5'HP0`
MOBQ,)+^'38"`5`XD0-?_JY0\`%$!"S<,P,/[,>C2R"27;/+)**>L\LHLM^SR
MRS#'+//,--/L`*WR8/1`,`V,*HEW@CSP$@-<ZGL(G1!CA30A0NHB\)!1]LPE
M)`.K)*2Y#_`WR-))&\7UA;0LN%$"%?E,RM==TX3V,6NG#5+;L,#M]D)RNU+W
MW/O<S8K>>./#MRI_*V:E(`E4W&Y>JP6.BN*(#;,+1N*RQK@IDQOF.`!-R=2H
MY/JQW;EDCBLZ3`(ZV5;YV9]'YKB/"5C`(7>)I_[*Z82E*0B.2H"L&NVB\-[W
M[++;'?SO?@^_M_'$C^,[*,LG#SCRSZ,F@P'45V_]]=7O@%KSC'!\H36^I,X]
M_UH'V&K^^1!LK]\VUFCX`-D[%3Z)]TTK\7Z'1T-?6/GG]_];^I)!&T0DIH`V
MT:E@J)*$]RP0JG<P+'^HX9__T*>^0_S+@04D$#]PPB&/P6X_3=&&"$=(PA*:
M\(0H3*$*5\A"9_1@@OWC00MG2,,:VO"&81E$!-BR,(+<['T*%(2.KD0A@D%0
M,A*$(7D`&!D!TFH!"ZK%D$;U04<0)#NU0$"-CAB9)"KQ?Q6\"X'B59$$0`0Z
MJ(O@%VW%1,B,CQ-OS(H7O]C&Q\11$W>\RAR56$?'Y!$3?S3*'F$(`=T8\I"(
MU(U?`FD)1M:$""J(9"2/@()*5K(&\LFD)C?)2>I<X/\"(*!`"*[B2$J4DAP9
M2"4(/GD!$G3RE;",I2P)L`%0]NIM^EM<+D%"`1.D\I,>F*4P.>D!5AKSF,8<
M)BTOD`$3,.24DH`F*D+@RPTHDY,UL&0E;\"";GI3!<#I8R0HD,H27,":L`2!
M"7BC#VFV9Y?E&,$JA\G,5!IRE((8Y`3%>0D-4.`$('@E"5+`3G*X\Q$'[00%
M4L`I39*@GB:@0$$7H4__\7,3&O#E!8*IR1*,8*+(2&@C1(H)$P2TDR0H008H
M8(F*]N^BGZ!`"3B:R0R`-&[P+`5)*:&!#-`TDQL``3XSX5(*JH("#:4E2SVG
MO)RJ0@,C2*I**2`"3Q35?##_'84(3##33'H@!4L57E/S$8(,H%,^)%BI**[*
M1EB4U97R^>I-=3E6<H2@!)KTP`BJ2@JV+A$9(8"K?#8PU%3L5!&'300%!%N=
M4*+"K^%41D\=&M93G-)[`+%&`VYVCY`I(ZI`S4!A30%9,(I#`R=@+"U/P%>=
M=JX;`)A`738K*WD]@GX<R2W^`N74F')J`[=,16F3D-57G."LU-G`""CW6FB$
M2!<(4@"Z;CL(!D3*@;9=1V\Y,0+D*O45PRTN+)#J58*.8FW=@!,'(,(P$SG"
M>QR!1J0B4,5U3*!F^"59$6B0R0N,(+\`=LD*UD@>%P3XP"O+P4FKHP,:_`#!
M)NM(_Z!@-R8$_-"]B_!>O00F7<3QMA4B6'!R*PM>`D<V%F@RR,""DMU':*"A
MYO4$>J'1J`E`1&,MVI<CN#,R73``PR3UZ6"=F8SP@L(C#H@``^34V4F$V*%S
M;63G$*`+@%59%^Q)(RI$T-W!LE8<1D9QH6RA!`MKHJ?>O<"7,Y%81+CSKC6-
M,BS"[`F/;(@H)>*$!D"0YH\"<KNA@*8(\"J?$K36$1?;6I,Y0>=.>*0!"FJ`
MAD`Q@I]:1\XC!33S--V($_ST`B1V1%[P9["UFMBTG@A&F]A57TZ8H*$EJ$2;
MN0B*Q7JY$CSB$>8$%HI&7^+423#`)TSZTU!;D=,R1O8A-/]`Z,9B>J066++!
MIKL)7UL"V,(&A092P-'1(E39<`0W(41,@`L<NA(1"$@W<&958(O7$=@&Q:@"
M0H$AM&,2L_YP)[I<'1(0&1,)`&+`$=1K=V\BWB@F57;@&XE\#PC<(3"3!X*[
M$&M7`N&>>(`%7'<EAK^SKI@8="9)<&Z&6)P2&.^$/28DBP+H^-@@KT0(R'T!
M;U/"`,`^@"9./HF4<V)G0N,@OL6-Q^V*X+AQW>LF<'YJG1/5X)KP^2:6'`ZM
MP5P<M#N!5RF."::;V.F8X+DDI*X,AWMV$A3P<LDSX74"@_T28H\$V9-A]JTY
M->W4$6HHVK[&M[<4ZIF8>TB)GA[_F?S8S;T=@4U'P?<O^KT2<8>$X)E:""H+
MXO`+<YHE*$(4'GGXX?EHO!(?3XG(/V+RD0#"!U;/^M:[GO4V8,2,.=2S""`H
MR2^'Q'KS,M]6U]T0HH<AZ2=A>GB?.MN9P`"`EL_\7"%^PO;+G8).16U(.&`"
M[\/NT>X+X>X#H`7`7L&!!WQJ`Q\8V"U`<`R8S_[AS(!E$AX0-!Q(JQ=A^+T+
M4T#O:3V.X$]P^))0?(V`>I"@?.W'?L['?U$B7])79AU1%[*F?UK4(HL6)83'
M"?[G/P`8"0+("`3X"`9X@,N7@/JV'\Z58X4C))\W"0!@>$"64PA`+K(B"AG8
M/QL("1VX_P@?Z`@A*(*X(GM35@R'1SIE=G_A)@D,P`&Z$!`0"`HU>#XW^`@Y
MJ`@[V`@]Z(,!`H0QUP@#LQV,HCL8F',[!WB84(6,<(582(*@AW6[A#D"L#.,
M$AZ=\(3F$X6.,(6)8(:+@(8^J(9G5W9M^`X.("7QM7=B^'2G]FX#>'R;P(<B
MZ(=VMX6-T``,!#`<T&)+=XAA1X:_QHB:X(@'"(G:)8G*0(>V8H>-@(>(H(>*
M`(KM)XH62(K)8(KD@8J,H(J'P(J)X(H(J(5LR`C3@SW":#TXD(E--X:)>'">
MF'Q8""B+\'NQ2%&ZB`BT"!RV*(W)&'7+B`F\V'R^"(BW.(V'4/^-OW&-BH"+
MAB".AM"-(_B-=&<\PX5\7:>)<,>)U[:-E\".SHA8%W@)>A./QOAUR&ABBNB!
M^&@)^OB#S]B/4A:.!UD)Y)@$YI@(Z%@(ZE@("7D>"RF+A`"0FA"1$XD(%4D(
M%TD(&9F%&_F+V&AB\G@)(#F0!%:0.OB0E'"2`0"+"5416@2&H[B2!-:2EO"2
MB$B0RLB2C=B,"LF/E;<>2V8QK48)$<`Q^F)$)4B1)3D(0KF)V1AX-#D)-HF3
M^C$,)$$J4*()</(.#N1[\'B5@I"5];B59=B5DO"5[K@P%J!9KL*3D]`Z#F`!
M=-$QV\<RY&=BZ7=@X'=JXA=@@TE@YA?_8.BG?DCI?O"G'P`C(4H0+PWPE)$`
M,+$5<&VBE@YIE!])CW\'EYTHFLP8F3=9E[HP)G$2$)OP#@O@$,_GDVL$E!!)
MFI!GCQ<GEY%`ERGI#?4`,/2%?8:UEKX)"6Y9FD2IC:C)C:JYFL'YCJ'YDP'I
M=C"Y1C))A<D)@M$)EAPY"![)=KI9>KR)<MW)@]]9EY1WCFRI!,NYFZ9YC\^9
MC^LYG8-7G;=YG7V7G714E-;YB?>IE"KIGNG9"/%IGO/9F_6)D`.:"-#XC^^9
MH,1WGCUWH&?XH+4)CK;Y1;AY<^59H0N*G@U:"<!)H!QJH"4*HL<XE#$)H/LI
MH*H)G@5JE1BZ_P@4&H`6.G8WVHH:JH#&(*$]F@@YRH$[*G=#B@@G"J$,*6O(
MN:*34*0X>*22EZ2'L*0;2IT=JD0?&J4AJJ,C>J%0.I<_6I7YN:4PU*62(*52
M2*6G9Z7K6*9KF*(V.J:1P*9WZ*;&9Z<%**=_J*4J&J#DV:):V9Q<R:?>.:/L
M:0KU`IMF>@CC.8^$^I:&&I>(JIZ*BI]$0S"GLD.:60GW`YIH.D%J>J=?:J1A
MRJ.7:H5^&HD%,3'38'N8>`D.)(?K$$(H]`(2L*N\VJN^RJLP<$,E!`._6JR^
M^@+".D*Z:JS,&@3).D+,RJS!^JS:@`0=<*W8FJW:BJT^H$(Y1&8<L?]D;E%G
M"]-J#2`4Z)JNZKJN[-JN[OJN\!JO\CJO]%JO]GJO^)JOZ,INX(H.5F*<G3"(
M*^@\65$O`Q`!X@)ICKH).TFP>]$FM<``I).9#ENQ%GNQ&)NQ&KNQSE(N$(&9
M8H1E,P@G=C$Q>PEIP9`-Q[%D;()&WE%E>LD(CF(5`*-#!T.R93:#"Y-[C%`N
ML.,>$%)ET$%&4:)!D9`-/%(2$](`]]`S'SL-$+%9]`4,1F%=](4@!GL<TK41
M5\)[`$`K<B$)"1LBD6(?Q+`.`N`ZB3(D5V,-IS()/O(Q5)DUWD`A2M"U0O*U
M"].$D$`T]&6W"E.W1+&V.^0C$"(E1G@($<#_`5EC`?8P`$`1#ARP<=G!`:XB
M%0/``;XP`0A1%)\'FR%2"#K"*$B##E`C"9ME(VRRL+8P:45+8X.#A$^1'6#"
M'Z-;M(RB!$HX":>K!+#I<;K;KQSS)=$7"0,`%PE0`'KBNQ@Q,04P#"'"`8J2
MO-#0`/=6%&0!@1)#"#<2.A+V#.=`*@T7%1OQ-7_I$0:S(P,@75:G"(Z3$:UB
M-IXRM5'RO722*<8+.Q#H<5`$KM^0?X48"3OA#^SRO"SA.@P2E5#RO#K1OA^A
M()<7*?U;79$B)!RQ``%!%!RS0T?K$0-C>529@AP!J\M1,`Q2.E3C815B'ZD;
MP646*:^2P5]2,>-[Q'F_*P^H0BI.8D`!Q[M&%)42.P#L%I7S-PT:01$NMP"[
M>Q12`KD`XQ`R\A"SB0Y*C`Z4:`^2@#D#8)F9M34.L0`,@!*^JR.M,P&SF@@Z
ML<4)1+RV(`O*T10<(KVV8`'\Z@BMLL7%P'!;7!=A_"],00R;D\5`$11H2<AH
MP@%!H2")G+S,8`O5-Q,J:*LZU105.`IA;""J$'`#<,:?0#8%P`'NXA(E.S(P
?,LIHDK@A87FK8$:M\*FCH,JID":<S+&T7,N-$0@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>u53165u5316511.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316511.gif
M1TE&.#EA(0&U`-4``(."@@<%!D5#1-CH\^7P]^_O[_+W^V1B8^#?WZ*AH=#0
MT'-R<I*1DF)RM%134[&PL9:AS34S-"8D)184%<;0U\C8XU)BI.#@X.OS^</(
MS'1R<W>!K?O]_HF5QN'N]K"XV45$1/7Y_,'`P"Y#F\OA[____P``````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!```````+``````A`;4```;_
MP)*P=-&`'(FA,J%1.I_0J'1*K5JOV*QVR^UZOV!E0;(0)010`#K,;KO?\+A\
M[A4%"E,U?<_O^_^`7PH!#GA"!0<"`$)Z)0B)"H=J28&5EI>8F5"#`0Q"`HH2
M!R5Z"!,'`)TE#HH'(IJPL;*S8`H.`0LE#XQH>FHB(@`3JQ&[M,?(R<HE!\,E
M"6J]:`(2H*`EMA,`ALO=WM]P(@A"=B4+#J32S&M.(A.4X/'R\U;N"2("$24!
MNPL""'H*$`*F[\`];?02*E18($&```(B.12P(`"T-0\$!)#@Z8&$``>X+1Q)
MLJ3)DRA3JES)LJ7+ES!CRIQ)LZ;-FSASZMS)LV<8_P!`@PH=2K2HT:-(DRI=
MRK2ITZ=0HTJ=2K6JT@?`LFK=RK6KUZ]@PXH=2[:LV;-HTZI=R[;MV`L^X\J=
M2[>NW;MX\^KU!HS*(J`(7F%Y,&JOX3\*1"0>5Z)`X,`E/`$M\$I!),N1Q`U)
MS"R2H\J.L(EP_(HRX\.HL02+@(\<@P0+`)PA]?=!@@0911Q0L%N(@M=GDA1@
M\(!!KQ*L$Q!?P*!,ZN?U]*SI"R!8K[\+\%Q;M"`7*3Q`R460?;S7KG\&H:N7
M8KW$]%?5??T]$[&7@GR^04$;XJ\[-??8@++`&>BL9^"!"":HX((,-NC@@Q!&
M*.&$%%9HX8489JCAAAQVZ/_AAR"&*.*())9HXHDHIJCBBBRVZ.)*&0T!P`&>
MP*:/C2\>R-L:L)4@P2H-B2!!D#FN9]`:X?V#1C`!E!`,%`@PX-:45%9IY958
M9EGE:5,8%X$S20((3)-]/5%.D7FU9ID#IC!#F"UO0G$FFG<AD(0KP>`1Y2Y[
M1C$GG7AYML6?@#9(:*$+'HIH@HHN>F"CCJX'::3034II:I9>>EBFFN[%J5T%
M`+``8[84(D1QY@@`SXJ?UH7'`]X]\(!L3OX3V0,%LMAJ70"M.BMR#'A60*ZL
M-KD>`K$I$0$>K"T0"0.+M+CK7./HQI\Q:-RFFT@J3BO7(P>,@P0JBR1P0$C=
M52?_K;$(/L`MH-YV2E>\\LI%KTX8#*#OOOSVZZ^^&'3+[F$$D&#PP0@GK+#!
M!`C\7,$+1[QPPRG>FQ/$$F?,<(2T#@'0$/<($;*<`QN&L<824^Q@8`!XXL@!
M,0[(ID%LDOPPRAJK_&"/D2VB#SI8#8.5S:F=C+/".C=XAF!)WN?D`606UDX`
M6E9MM5@4'"TQ!5=W[7567%(A0H'0(K>*+NZ@331J1FM]<-(+SBC`*\X*<$`N
M_@A00-[O.EGR7FV[30+<B7H&``*4;49JV$-8C%/@;A/N8-_U_*T7Y%I++J+C
M-V%^M.8A[JJ9&'H*YEM+GN,,.HBM.@"`/DI(8(8#A`EA_QSJ@B/M\!7@"1:J
M*PSL]J.Y[*B4.LJK?[CKL#*>>X\HHRH">QS#1J2$`N72:HTQ;!R?\^Y7,.`R
M;8HD"=0!/\JA0&#>"9'(&*L(5G,;WF><O(>M(N"`8J0P0E`"SF@-'9`U!`$8
MIS4`X%/[NI>[A-VO0ZU*#/^\@[C/#*$`@I*#]9Z&/@2>AW%?J%_*P*<%ROE!
M?*>K50$B8(OU28U^#438`Z^`/=.%RABS*D!#MJ$7SE6B`-900/H4D(LS[")8
M<!!AQ&9HA=@X8Q6O$X<K#!*N%]HE4R$P@!:WR,4N>E&+'*`#]_R@Q(G%88.,
M@!9\@E>[-%G."0.(X<$,D)(RZO_N#0A(7P$!\@H:26!&<X@`+I3`CCP^PP'[
M4T:FXBA'$M`1)79TX!L0P:4%[.(VS`A/!$`8!@4PKX"'8$"3YM9&9"RRD8YD
MP[]6N4H/,+"13*P"`\:CF.K\,0%`1,)]%F!%/!(+20]HDI=,=XQ3-O*18$#E
M`%XIQUABH2&9&!`A&P.*`-PG`0B87C'?J`1&RA&97U`F,V/H3'#L!QN?4$*3
MD"`";=+"F-]D@SC#$$D9M@1:\7G%JJ(E/D["`IXQ!*<7Y@F&>KXM)AFD!T`;
M*-`N$#2$J"SG$[Y(T8K>9:&Y:R@7'NH%@VXL#*@DP46Y.01O!E2>C5PF/2.*
MTD:RX0/_#8BI3&=*TYK&M`/;K())&=K2&*JTH"P%*2K9`($1&/6H2$VJ4HW:
M@#;@@S6'2%=DSC$<JJY-"CO-:$\;^%.(PG*K#23J4L<ZUJ:R831M[-&/"O$\
M(IF)I$+(JN`TN@6.=L&C@P-K[L1*UKX>U:QM.&>2$+"D5#@I6E,32P50F8$I
MH;("4\I:([GFEI!.:0-^S:P%Q.)/)R!"1HN8AI/*4::IZ125=-6"7;F`5XDZ
M(:1\S2Q9`1L&!TCI&;:836QF!H#YF98*<G5;:K.PVBVT5J^"BZULETK;+P`D
M/+O)DR.(,]TQ*@&C<T6NUKK:T:`F<ZAA*.IRRRJ'SDX!N\+5_^[1N'M7[X83
MO&`0[WB5VMQ_PK4$P=7:<+%07"T<5Z@N#>]\F9M3X*)6O3AC+VO=.U#X?D&^
M`_YK@:>0WZ/M]PK]S<)_OQO@^$8XJ?75!'KUBV"4*=BX#':H@[T`X0^'.!,C
MMG")-79B_Z9XHRON0HLC_&),Q!AG%[9"AK&PX?=V^,$?1FJ/+_%CE`6Y"D.^
M0I$;?&06)UG"[[QOA8$\XXS56,,WKFN.N;#C`2_9$DW6V).I$&4K3%G%5=;Q
ME9DZ8:P>&,`^'6<#7:L$V`IXSF>N1)HSMN8IM+D*;\9QG,D\YQ$$.A"#EEBA
MI7!H*B1:S(O>0IGG^VA`1#IBDXY"I?^G<&G5CEG3C>[T'SZ]L%!#8=12*#5Q
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M8@0(?@9H95`W"\FW?FY#>U``;!%W;R5'<;+P@0S(?IV'?<JG-1&H;Q.H<)*6
M?2+X!"0X<B:8=R@8"RJH?PW8@GL&@?$G>@F8>0L(A"P8?"X(@FX3@R<W@Q5H
M;Q=H8QEH?QLH9QV8@G`73R^88`ZH.D3(?\8GA4E8@$'(A$/XA3@#A7MGAE[H
MA.L5AL@SA@=8AD<H;E-8@E4(9E<8@%G(:%OH@UUX4FQ(8W3X/8>H,6X(>95P
M>6_U;G&X@B&8B/9CAQR(@("P&[82B>DWB4I8B4+H;)BHA9KX!V3B=GXCB88H
MAV`XBDM7BH)XBGY`)HAU70^1B[JXB[S8B_^^^(O`&(S".(S$6(S&>(S(F(S*
MN(S(*`%HAP5#,C*>91746(W6>(W8F(W:>(VK$@8,@$@F5"_B.([D6([F>([H
MF([J6(ZSHBZ'-4:S@D,\A#TU$A3/*`MJ$!*U,C[I@`>(L`B_<PC=J`6$)0#&
MX`^F0U@N<Q^5,3>^H8I8<!]HM#=I5QJ`%)`B$XY50!^DLBK&,0Z/X`F(X`G6
M,)!5D`J@,`%HD(OCDXO#,0%?@AP?<08/\43?`%5C\!L]9P:_P@#((CYFX`FT
MXP6$@0??V!BKP!C542"%@`9-&2`:V24\!$CNP0[[\R-2HARO@2I'Z072M`J>
M\"0R$B-L,B#APAS_!'&/FS$!L4(UGC`>0^`N5$,1`F$'[9%'"]0-O'%!A1$N
M8C`*QN(/[M-;$&D%0RD$H^)S3E`&3Y)`?Z$`$_``:OD$$\`-FS0@Q8,<A.4^
M#ND*K!&54>`TAS`*8GE!/T(F%>$DN0!$@\(N*[0(]K`$=Z`(^P`UP3`,#&"3
M?'&+/Y)-3I!`^\"9GV`WS-$%#LD(22`J2J`_AT4*^P$4?^277#`P=A,!Z+.<
MZ+`&H/`*BJ`(Q)(%/7<VI2DRBQ`U44,*A2D%D.DRHO0*$6`JOA$!N>``X6)-
M_)`([M%+W5"9B(E+KG`]VDD9,X(``#$W\,,%S9$?2.D`@@(S+\,,C\`,PZWQ
ME5O@H-B0/CVW0N,0+@`!,\_E,Y.I!/,3/,VY&042C0"`H@>Z!161""!A#B`!
M#[<@&Z(4`,,@2)W@#@GE#=F4#Z.0HA1Q"-40$4(T)`KP)90A`<7@!;.4#Z\P
M`7\T!`Q0#7B#$`N`$`[PGJ`9!0<0`=1@"#VW`%Z:`$=:F66J0S[J!2L$"J8R
MGOD0$0E0#=C@I0UADE>@/S8Z"M9`07N*#3P4*I&``#L*#N[@+)E0/?QH"?IC
/6YH@1!9J"="0EY<0!``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>u53165u5316512.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316512.gif
M1TE&.#EA(0&T`.8``(."@D5#1/]!``<%!N#?WRY#F^_O[]#0T**AH?+W^[&P
ML61B8YJJM)*1DE134R8D)7-R<O^@?S4S-/]P/__/O__S[Q84%>7P]_],#_]8
M'_]D+]CH\__GWV)RM"0S=8."@_^KC__;S__#K_)I._^(7_^4;_]\3_^WG_A5
M'99"3='-T<[7X-ZEE?M+#LK0YN&;AMBYL_5?+.M]6=3#PN61=^#@X**AHOC[
M_;>ZO>YS2N'N]NB':*.OMZ)E4969G>O0R;!96N6<A[U!,$M6B,%Y8<'!P=NO
MI/+3R_+KZ^Z*:F]:BOO]_OCCW</(S/N>?OMB+O#O[\$]$=?;[+!!.H-V<N7`
MM\$R`>!T4,'`P,OA[____P``````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````"'Y!```````
M+``````A`;0```?_@!^"@C9:-H,V4%I:-1^-@Y`UBUI%A9.7F)F:FYR=GI^@
MH:*CI*6FIZBIF0,/`:X06@$6K@,.!EI8`UBN`0\#O`>3`0,*JL;'R,G*R\S-
MH`,`F*Z+!,2XNI,``YD&`[7.X.'BX^3EGM#2`8NY"-=8V=N8"P$(\>;W^/GZ
M^YB_`/\$8CWX]P#"K5SO%FG#U`V!@0`+^$F<2+'B*5;`8LWJY2`80GB8$%BX
MU6"DQ9,H4U)$=VG:(@GJ/BJTM\B;S0'M5.K<R;,92V'J9KH#.4F!+BQ((5CH
MR;2ITU$_%[G$,FNHT$D.@BYJ^+2K5Z\W?\6ZV=&JEH7K+"3$^N"KV[<Z_Y'*
M#79`[EH#6&Y16TM@[22\<`,+'DRXL.'#B!,K7LRXL>/'D"-+GDRYLN7+B^UJ
MWLRYL^?/H$.+'DVZM.G3J%.K7LWZ=`U>L&/+GDV[MNW;N'/KWLV[M^_?P(,+
M'[[[`^;CR),K7P[J0I;GT`M(G]Z!N?5-$P1HUSZAJW/HSZ=3OT[^4O;M`KJ'
MPN*`@`*]EQ3`RH0@V+'OX,5+KYX)2\!.""`5`%*C`-!`>4R=MYUZH#B```0Y
M83)?)@#XE0I^T>G''R8'$-#7?P=TB$4P"@A8%RX$&%#70?_A%9`$__EG0$!T
MO1.B%GTAB(^"W*V#!0`$U+>(`@@4@Z,"!Q;U(_\!`YZE``$`(``E%@TH<$`#
M%HZ"87@::B(@`1'%`B86;56XRX\-0`G!`DQ&^1^0MCSPSI,+(!"-.FQ6J0``
M$MBG8SD\IK>5`@$PF1"4T0P)`)NX1(-4HHL2<.6/BV*!0`")FK)E%OH5L.$E
MCYXEE:CJF#D@GU+=>=9\L`BH4(E[QB(J`+<`&8"??XH3J'I1#HC%?/1,V`"6
M$1FP`'L&)(HDGPC8J8`$2"$0IBDW)&#MM2YDJZT47OXHJJRJFOKC+G7>N<M\
M#4`D*XY9'>!`5J(2\"X6"\"8*SDA4*"OOB%L=:)_U-R(XT%_Y87C7C-ZF")>
M*N)Z[\,01RSQQ!17;/'_Q1AGK/'&''?L\<<@ARSRR"27;/+)**>L\LHLM^SR
MRS#'+//,--=L\\TXYZSSSBK;>0L!5>(8-,_D`6S`L(L$[1`G!C0M@18+'!!U
M1U$3?5V%6C3PX(_R'1`A)[O(BM0V!%K-'-;KV+J``Y\0``$L,2WD;28$0-O:
MW7CGK??>?/==F@-)7H*V%NTM4B2M3-_2EBT!/F!`@%[29'9BF%*8D)V+7!D`
MDIP<`-.!"$CP=.A/1SXY8Y5C@O4!F$8#YP)&)I/+Z8NE+M'LM%.>*3^XYWZ8
M[;Q+[OM@P._3^_"$%:_/\<@+IGP^S#</U_/X1"^]6]3?8_WU7F5OSO;</^5]
M_SG@A]_4^.24KZ/1[#O\,/KCJ%\>H84>`$![]A<N,?SBR$]>0%%22$XL-3'^
MA<-_Y7'`.R!0*"T@X`'_B9@!P8'`Z[AM$A`RW-?>MSOC">]>!GB`E11`*"P0
MZ5@%[.#R/I@K^T7)?NVP7^`DJ$+HL=!\YZMA]6Z(PYY,T!D5[.%)?MB,(`JQ
M(D3TQ)YNL:>`4&H31L3,!:9(Q2I:L8HWX"`FH'2@HQ5C:9_XU:6T`*%280F*
M/+0.>-;(1O`D0(N7:$^``*"`J,4N%&U91)DDL,%)1/$R;0RD&^$XB3HM``"L
M@]<H$)`DS+G'<9'SFR0G^1E!6K()E,RD)B7002@]P/\^54(<*-R5N3#=@E']
M22-S+"G(-]Y+>9[+'+-FR#0'`,0!AR1`*]AFNH>Q,I"NS%7Q#&"!@"0K%INC
MH"J7\\LV!O-/25S&'RW33#8^4T?15,8T*U/--5X30=F4W3*5T\U!OE*'VAMG
M<LH)G6^6)YS(V"9EV/D<=Y('GL>0YV3HF05[7@>?QM"G9/CI3^L`5!4"C0Q!
M"1D\B"WTG!1)*&0>*DQT?D^=R*$H-"U*/HP>1Z/8Y&CZ/(J9-JH`!BB%P0JL
MR5`/.A0\,T`!>K33`A:LM)XM7>%+LZ""&,STIR_`*40G(M''/(<&+4`/"D8P
M@J2B)P9&*"AS#IJ*HCIF!3G_0,\(7J""Y\R`!3)`3PN<D%,;/HP#,J5I4$V:
M5NU$H`(5C2A)*T,!K7;5DC1`SP3@&E*YYDH$&-@.#6[*RAF@1P,;]:N.`+N=
MM59S!D]84%^7D:@G`NV.H)IK9"H06.W0@)Y(T,!V0`!.%3Y."UYT('P^$8]%
M12-J#4PE@BJ0@>U$@*`4Z*P`3O!.%0;@0+T*$E04TB<MD"U+UT`0"6RKA87F
M5CL8H,`].]B`^6`!)EH)13S<LPVRU3`7_PBO>,=+WO*:][SH3:]ZUZO>*VPG
M"E0``#]]\(\>;"<#[,VO?O?+W_X2I(.8@IWA[#=<U$)-EX]#KE4+<X+.[G41
M%`6!_V0-"F#41L1^?*1E)^+A"K:1#HW7X<!V,,"!26A4M-HI`84QH8`'2.`]
M=THF$#7+&!0+0`27`*F-I;L<JJ)BP8)9KG9(@`F0AJ"V`LA`B97CXU,`&2YU
M[5&1Z?G-$VS'!'Q%3I--\62WT!:Z/,XQE35A@M$R6:3QHS%B2F#F3(!T$1SH
MK)*3L^52=-DK(M9.!C;QYD6(8#N(U3*:^Z=FPR!9`$MV\Y@W(60!1$#0BCT.
MF[5#6CXO>A,V[A=FZDR*.SLE!(#N1)\GP=CT9+DRG!Z%IYMRGNB*^M*;D'"*
M-SWH`Q9:,+(6@(I?S4ZI:N'0.+9,JD6Q:IZ$0+>GUL2H+_^1YR1?9MCKN35<
MRJR=,'-BV9?(M0F$76ME7B;*@OH$MB^Q8U1W>\:703*)03'N23PWR<E^#+1!
M46R5-'K7XH:U)R+09LG,.XS2]@JHI<QN?7>B`M06@+7E?>XB!KPKK0YVP7L]
MBH&;VM\-9T:]3V+E68NBW9CHN*XQ'FG(5,#&\>9U.7V="1LGVC'_]L3&*])H
MB8<"Y)BHP'TC$_-.S'PBX-XV*7".B5P_FN'@"&]?_@'BR*!XW4,W>"@4M'#%
M%&]<J%7::D/QCZ6XMNF/X;=;34%T3!Q;.QI(^>\ZJ07'!;>/ZV$;G]RWCH?S
M1.=H/T79B[X=?-?.M$^[KDM,P2C_[J+1OXA//.(5U`/_SC?Q5M@.$11/^<J?
M=R`4*IT#"6SG^9PR@IE]C-%1L?><=Q;J5N_@+1J(84:6(H.$6QO8%W-D/:M]
MXBM71:X??(D330+T72G>V]AV3%QB5IMV5TG"-:UWJ9.BT4>?1'7#I,NW]!QL
MR4=)KHF<BM)GH@(*LOE+B&O]C$LS^Q9I]IY5X?U,6!P#$C]`00C'NO*7_#!?
M%H"KV>_\4H![SEOA=@``0=AC?L@'%S>"%V6S"&+G:,?0?IK0@&EW%F,T*@5X
M?T]Q77+".A*01UJP?<@`@9I@8QE0`9@S"7"70QCH%$[$2PV0*._&>\8@@F1V
M7R^G#TS"_S;RPDND<'VS-PI[8A]2D@\!=&!:$&?0Q7PSV'^G4`&-I@%*F`\E
M`@$DM"<IV`D^V$NEL`!K(A7(%0Y2DS9:`'[;(7[\1W'+@'"`9H;XT"R*4@I9
M*%NHP$M-<@_T\`Y]0H8>EPPTR`D\4FG[8"^$`WR@$(>8L$T*0(=?Z`Q]02`'
MH(<"('3*T(=^B!X94'7D0(4*H6&%:(#B-(?_48?[8&,RR(=,:`P-R!TW*`X*
ML!$M-GBB8(BA9PKO@C6BB`^E=G',0(F+L`37\HM'X%.'!0),8"U.(8M^I%ER
M02-;1PX5,&EH=WMGF'O(D`"!M`)(-5,H(`,OL(HJ@8QU!Q<B</]HD1@.O*@%
MUFA),M!6,T4"(*`OH9`O^Q(!]%B/]EB/)R"-G@".R=44.K`!`+D!54".`A`$
M`1F0.C")IS@*Z<A*+,"./W58$S"1$5F1%CERI\"/\D0!)3"1'DD"]>B-I[`!
M/+4#$"D#=[5&&Z"0:'@,#?E+*L`"(W"1-%F3$<E]IJ"1RW0#5W0!/Z!;%YD!
M$TF/)Z`O^NAN)Y`$,SE3(\`"@K22IMB2QO"2U;0"%!`!)#`!-F:3Z>&1)A`!
M0)`"8CF68BD$4Z`$'9"6:IF6G;B"F4"5SP$#7%F1&C"17WF/]-B1@;(=,6!3
ME@25(;B0H@"7S70)%:`O(H"7];@O\(C_"1W0*9#9*6U)5,M$F%GP`DPU`CL@
M`YFYE',YERV0`T[Y2X#Y@((9"I;)2LKPF)'9F@4PF;=3F?RT"/ER`A,)E)\9
M`R,P`^54FDLHE:J0FI:TFJ[9FK#94)\@G(+$"8=)`8EIC]D!DHM)`15`DNSD
MF]/832R'FK.9#*Q9G)+Y"?_V(Q-RB+))3\I@G;W)DM3HDMV)#-\)GN)QG#BR
M*"KR-F?1C*-0*!!`=_ZCG(&4GO2$G=UWFJ``H&U$G/*I'_19(<MR*26B"F0#
M=P@1&CC``!B:H1JZH1JJ-SS`H2"ZH3R@-R%:HAB*`WESH28:HGHS!![PHC`:
MHS(:HZ+!2=*P_P@+8"R+8@P3J@G5$!9`&J1".J1$6J1&>J1(FJ1*NJ1,VJ1.
M^J1+6F%0LP@0D"Z$N)^_0G<XHDE<VJ5>^J5@:C""0R0'0D)RXHGT4IY'E!AN
M8PNGM2A:NJ9R.J=T6J=V>J=XFJ=P82S>\$F$PPIZ\1"_T#3#$`T-`*C#X`UQ
MRA0AY`K10``64$Q;,0S%P#J.PX$'D5U`B%W!D"Y:$4+8<"D>%@`N."VDT`"<
M&H#)"$D!`"UD]&))8ZJCX``PD:,U<0D0,`"P@*FQ`"W:,`!+,0H/4$SR,A*S
M@`VX<*P_\F(X80&HBDAD(JM>81)G42$&4$<!$T('!B6PPR2QL*B=4_\Z(?0F
M>N$A#R$O9X$L%8(`/$@*88A:!'BHDQ`,$/(@;6>O;<&NI^``1A(VQA4?6@`C
M.?HC^*I!HW``R-H-!H.L!Z,+`0`+T+`-8U0-QY>!V95']OI[3Q,4KO`.#S`/
M0%(*@T-`Z;)%QQ(38V0I'\N)XKD6ED)'D@,[3`<1=Z)+"\"RY]`2`2$\CA,4
MAU2SA*.?G3,`]J&P64.M5-JS$+L08P0!'N@6L:2JQ@)Z$/`./MLDGT,HI:`U
M*!A#`;!:'1$V)A03S\(U6Q@[=G)(`Q!!!F`+,PL!=V(`OKJ(G("T]B(YL1(4
M<!NW]%(*K>`AN=H7%J!`R8A(3EL/(C&`$%#&#5=XC,7P$/1Z1R=8)<-2N6M3
M'YH*"G5#(TOA'ZCD0$G2GWU2M7U2*(,C"O+"N9-`$_;B+O(G-9`J)J?+=8A3
MI;?Z>T%!+`W@NFTAK9HK`=Y@`='@"]Y`#391*+[`-KE:3"5!&``0J1[!"]20
M%;>2+,6RHU#SN:/`IU^;-;^%NZ[0(<D$)L6P"^8G+X,J#$7Q"@[4O822J>;7
M8CBAOH7D"@YQ2(;SM4>#"@=@`8J:'$?CI_H@-;8ZP`M0P/D0.HT+AN#*#X$`
"`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>u53165u5316513.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316513.gif
M1TE&.#EA(0&S`-4``$5#1`<%!O+W^X."@N7P]]CH\^#?W]#0T._O[Z*AH9JJ
MM'-R<I*1DI:AS5134V1B8S4S-+&PL28D)184%6)RM"0S=?#O[\/(S)69G;>Z
MO;*QL<;0UX."@Z*AHM'0T,C8X_7Y_+G)TZ>QN.#@X*VUNJ.OM_O]_L'!P7)Z
MFW>!K5ABCK2YO+"XV?C[_9.2DL'`P"Y#F\OA[____P``````````````````
M`````````````````````````````````"'Y!```````+``````A`;,```;_
M0)E0B'!,`)/'<`D8+)_0J'1*K5JOV*QVR^UZO^#PD@$AOJ)-L7K-;KO?\#AX
M,#$L$:_#,"W,+U]G<H*#A(6&AU0'$!(,0@80`1-.,FE%D0M""P$!2HB>GZ"A
MHE&/`0YXF`D!0FD`#C(&$@DR`7:SH[BYNKMBJIA"#*N43@$0```2`)0!M[S.
MS]"\=IG*#@_!K,0,@'XRJF71X>+C@PR-,@X.9#(OPFD.`'8($>RP`8'D^?K[
M6PE'2!'\#7@0`%,:`Q.205"B4,(T?A`C2C3S`H&0`V<.V-$X!.,T//@FBAQ)
MLJ3)DRA3JES)LJ7+ES!CRIQ)LZ;-FSAS9C'`K:?/_Y]`@PH=2K2HT:-(DRI=
MRK2ITZ=0C\J(<*RJU:M8LVK=RK6KUZ]@PXH=2[:LV;-HTWK5R;:MV[=PX\J=
M&^8``HM;[-+=F\M`,RD)#```]-?*"P</^2K^9,#``3TR$#SF"0O!X!=V*//4
M\[BCG@6W\$B6H8<G`M.B%ZL6,V``@@5G7D2(L"#"BP$O+@^8C>`!IC(`(`]X
M/`"TD%<#E"G#%('!Z\%X5TOGTEH&;G:`<-_.G7T;.B?*(G1"W/NZ#`F`E)5Q
M<F#6<`:%I\NODF!6`LZ/[[<_L""_@=8OS())<7VTYA=D"0R0``,#O')+:_7M
M-M^$%%9HX8489JCAAAQVZ/_AAR"&*.*())9HXHDHIJCBBBRVZ.*+,,8HXXPT
MUFCCC3CFJ...//;HHQ@<```..P\X@%&11SX0TH_S>2##`]-`^9^4`T4@&),7
M*L.*$`]H><P9$DA1$9:*T;:'$,FA.1@E4@2P351PQBGGG'36:6>=D$7A02>8
M)?A`A'\FL,`#DT!Q#YE[10#A"\XM&)FC"#C:YI*(SF5`=%L<6BF(FF[J8:>>
M<@AJJ!J.2BJ&IIYJ8:JJ4LAJJ_.]"NMTLLZZ6JVV+H9KKGSMRBM=OOXJ5[#"
MPD5LL6X=FV-]3S#`WS&W1)#G7,K*]4M'F"P`0+;;"E)=1Q/D\8)#I*$GB)9#
M_`?_##[].5-M7.A&!H\,L'W631S?DM;E&0B$R9]Y<0@SA+;L`(#7`>&Z2^E\
MZ/:6&R42T(,,/7)\6\0`LGBCAS5\!+S$<`;?LQ$\"XOR+ESH8@S!!'V`\\*0
M<.3+2D6=H%GR&@*_<,0$9'!W#,\*8Z@E9-SQ!$%C+PO"K*3],;K$?8((\U!P
M$!1!\9IK,'O1,1H-=%IQF"YQ\EN_A$D:;(-:F78ACHVBY0.08<+``@O@U>X:
M^=Z621[%W1>OV#?/1W%<TQ*2=S&6<;DFS(`C.Y/,]";P]N)MOGGGY9AGKOGF
MG/=4^!/575I1;;LM.`!\-3\QMBCQS@T>`+7,#65++0A@__OMN.>N^^TH+6T.
MW:<M<(H!PH<]Q+%Z.8(/9D,8W\;?,H#SR'F1%JH2`3%DK_WVW'>O_1H4A"_^
M^.27+SX+:S3FQ;%84[)0],(?=RT<\0KV"[.KO)"Z&`)X[___!%`#]OY'P.VM
M`08(3*`"%\C`!#8@%^S#AT58MHKW6(]^3T!`&7HCA/Q=,`S]*Z`(`RB&`8J0
M@`=LH`I5^$!<1/`/#C("`B9`M\2X04L)0(""E'$Z+C4H<%P(X0D!*,`AHE`-
M*TSB`ELXBA<287;ZHL54YN>&!QV`07:PDB,8,+@U"-&(W2-A&$P(1NZE4(E*
M9*+)@`B%->60;A5Y!#T@D``'Q/\'#"#8W0IVQT<0J.&+9=2>&,%`QD!F[XQH
M7*$:0X$\B]R'&Q9Y"//:4`!#;J\`?[3D]@;YA4(:$I&);.`B0?$N&Q*BDIJ,
M`2;YE\KL<=(+G@PD*$.Y1`BR<1>HU.0J0=C*&+RR"[$LXRQIZ4!;5L$$?$SF
M[DR@AEQ:<I=@`*0A?\F%8()QF,2$P2@_42MI!E(`S6PE-+_@S3)2<PO6-"(V
MB;E-3W2SE^`4@S,-.4XOE!.,Y]1".H>X3EJV$Q'O;&4\PS#/0-:S"_<T8CZS
ML,\3]C.4_SQ$0%,Y4#`4M(P'#6(O%XJ%AHKPH8F,J"$FJLF*?N&B8,SH%A(Z
M1(Y>P:/_!00I&D5:")):TJ1>0*D15:H%EI[0I5:`Z1'%D$U1&I,*/A4A3KN@
MTR'R-`M)+2!0JR#4_\DTC4>=0E0)N%0N-/6$3\7"5HE8PEY>-8DT)81-#=G5
M+7Q5A&&]PEC]-U4J5-5_9U5D5J4P5^^U50MO+6!<K=#7,!:QE7EEX5ZC4%CN
M_34+@27@8*O0V$T>-I6)-:H+@5A9[3T6"Y']WV21NM'+:C*S#$SK(-;ZS7"F
M<K1:+6U9$8O$HM82#(!H'J1V>XXHL+:,G[U":/T'6[[*=HQFK:UMBSF'0L%G
M0<\U!Q?W=SS.PM.UNLQD*^LZA;MZ#[6W_4*^M)0FZZP)>AVT_ZY`L?M,[::2
MNU+P;O?`JT#53F&\BF/%FLQF*,L%Y0*]O`"</M#*#\`)P*W<`)PVT,LX+5>!
M*2C*YSY6*"I9V$KHI85Z*<I>>KI7D_"-@GS-J-P'VU<*U5'0`9#@&!:ON`Z3
MHNQUY2G.#ULRQ%`8L0%+O-P34X$R7?@M&(-KA>%ZK[B,/2XADTO4!R/0QW`0
MLA&)7`4C=P_)4.BL*TUK2?HRMXD;+FF'#6KC:7+YDSRV+93?(.4A4ID*5N8>
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M`L(Z"K+.'JU[/7!@%OP+!Y\XSL)\TU_OE-DM)7=,]ZU9,'N;P^!NK[AOK/*A
MYEK7(E=#Q;EJ<J>B_*<UMRK+4YOP?R]\W0UO]\-5'7$3%QWF]9;YO6F>;S0W
MO<=M:,<]#O#_@*-Q'3$QGC?4`2[UI.-[Z>^^NIJS_@"+7/A*OB4Y6WL.UI^/
M,.AX'7IXU;#BHWEIOV'W]]B/'G!R=KR:'_="R-^P0S6=(<.<:(WD)]\:#/02
M`Y3/O.8U'X)6AF#SH-^\Y5LI@M";?O(BZ.7I5S^`@ZO@]'>40@2*P"CI,H@!
MU$WOR\4<<P_/W,Q5Q[/:]9QU"46J$<>?PL[_=W$H9%R5=I<JWK^K]_H^G?=1
M]_W4@8]V?0]?T=<O>>_)_'M"3W^^U?_R&G<O_NR3?_OF#SZEOV_I?AO7Z#EE
MN.$=OF2(WUSBX3=WXP=IY2=I\O=I]!=J]I=D^,=4^F=/AX=.B=<%_XNW@)C6
M@%[U@`@5@?HT@5Q0@2XG=MA'=MIG=E37?5;W?TYG@:.&@6ZE@1K%?[?F?P:'
M<P'86@,(;`4H;`=(;`G(:BQ8:RX(6#"X4AS(4!ZX!2"X?B+8?B3X?B;(??W'
M="J(=4'(<4,(64784T?844FH!4O(2'*'@^Y'@/!G@"@H?%6X=E>(;`J7?TBW
M?THWA6FWAL37AM/VA@X8AQ`H@P1'@R!G@WB8;H17=G)X=G3H?78(?H.HAQG(
MAQOHAQX'B(HGB"$H>"-8B"5XB">8B"E8@P#8B%D(6EL(55WX4E^8!6%(2F,(
M7'0'5]%'0(6V!(=V2.FW:Z(X>'!8>'TXA_\S2(6@N(*"H#]*$GCWIXM[R(N1
MZ(M_"(R!&(J"\``89HP,B(R/J(PQR(R3Z(R5"(UR`'B^Y5]`D0$*4([F>([H
MF([FF`%P4@+J^([O6`)P0H[P6(_G2`)P0@+VN(\*$"<5\(\`&9`".9``B0)&
MX3Q9<%Y2,`&;T)`.^9`0&9$2.9$469$6>9$8F9$:N9$<V9$>^9$@&0`3E@6"
M0BB.LQK)=Y(JN9(LV9(N^9(P&9->@!%_$#9C`@LWR1$8`0BFY`P>80:8TAF1
M@0\<001B``@'$Q*I,91FT#QBL!E/D"<T>1'34)2P(`88$1W)TP>2A!<5`1(W
MN066T9"S0!`B.03_$A``8=(OIH`.FR`8#7E+H3`H+Q`_R?`*P+`(>O`GK[``
M9&`1'=,%_9(`A]$(`8&73X(,D4%'=?,GF*`S"(D%$>```5(UP#`TBV"8#$"9
MS;$F\0,&#H`;H3DS0]`E$J`'=/0*$'`8N2$DD4D%BV`1P7``E"D):!D,`W&:
M/!,`DVDD+Y-ANI``-0,?%H&8%J$_"1(]Z#`5M]%;7A`/1("80P*85^0$$,`@
MT6,`8/<%L3`$3D,;6H(7KQ`FBA(F_S&98?`G0V`DE(`/=G`Z!^`$_;$<9Y"<
M038X$C`)^;D$"),<KU-!6C(!L:<+>?,*!K`__5$=\:`,MT%#=?,%`F,=_QKA
M`/.C0=8!'B:Y+1``.5KP,&B9&^LP!.8@1?HC#$7B&R-Y!>W30^US'!CA!*W!
M0[,`G4$6&D`3`;6P!`X`'&UG#+60)EWRFK@@G"+:")3)G\J0G&7P"K:Q"@'Q
M!31:!!;1+Q]S!MAYG=99'9;9!=W9!Z3S`/QE&19!GA@#"VG"05Z@GL?Q>"&A
M**0AGRM&+YA!15K@`!%S&+5P`,F`#SB:H`7!FP6Q$#,TH+N@#K=1!H(R29:1
M6P#``,K@&XB1FBEJ!7)T&/)91T-`%9@1"YLI&'4TF1'`,E\P-[(!8P4S!'14
M$8+B``&A+;0Q-\[)!794EWC9/OWB!XPPGIT*`7&3:@4.$)?+L`F.T)#J41#6
MD1"D8:KCT'<\P0W3T*S\0I33,$E@D``2L``;$1([*0^!@`?*\Y0+4`<?`1E@
M:1%%693W\@6M>95;N9-$XY7F*@:O\98SH0$ND`LCT`$:D`LGP`$6@`L6H`$=
)`+`C(`I!```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>u53165u5316514.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316514.gif
M1TE&.#EA(0&P`.8```<%!O]!`(."@O+W^T5#1,K0YN#?W^7P]^_O[V1B8]CH
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M>?'S^%5"??B<?2Y#F\'`P,OA[____P``````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````"'Y!```````
M+``````A`;````?_@%R"7`"%A02$A@!:@@(`B8J%@UP5$I.7F)F:FYR=GI^@
MH:*CI*6FIZB<`(B3``)<"`R/7(Z3!*R3#H4+J;V^O\#!PL/$GZN7KH(+``ZT
MLX*WF`00T\76U]C9VMN=`!%:X`:$"5H/$A"-SUS1N<Q:%8S<\O/T]?;(BJ^*
M$KS.MKB"&%A:E^">P8,($YHZUNH5EP<`&O@;Q$Z0@TJW)*A3R+&CQWL,!R6#
MAJX618`-)`A8*4!"P8\P8\HD%E+0R'<,)D(#*"'GH`45$,P<2K1H*``5;A'(
M"4#"K4K-3.X<]"Z>(`,CC6K=:I3E2EY>^W'1XE"9V`5BJ9;ERK:MV[=P_^/*
MG4NWKMV[>//JW<LW+[B_@`,+'DRXL.'#B!,K7LRXL>/'D"-+GIP82:3+F#-K
MWLRYL^?/H$.+'DVZM.G3J$^CZ\NZM>O7L-G.&$";MI0"N'-;B<W[UX3?P"=H
M/;"E>/$269(K+W#)JB9&`L@Z]X0@0=K>;@-HWQX@U`("!AJ(N]3`YZ6UJ8@;
MWX)<>7+FDZ9C@BY=%%GL<KEO#]7@`8,'F:`WB("GJ&=<>^[!1Q$#6JRF10(/
M)"!``Z]$MQ(7_ZW4X`(,7B7``VBQTA^%M&C!H(D/".!``\W@UY%^V@D"#@$+
ML*A,`_T@X(!Y&#9H``&,U.A``BQ6N$"*`)IBX/]Q[KUW"0$5RE@A65-J"."%
M'UY("X!`.@1DBB6^4@XML1#HXCTP=@=+`Q$8P$`_*9958P.,F!CF56_6*-V)
M$8Y'RI+L-9F%@M!$.5:5B%;'$BT+"."@A'0Z)"%:`G0)BX0"&%#IF1RE:1$$
M$33J$P,"O*3%D1_"`D&I"#A$%@,$X"@``JN>FD"+?ZX7:).$<NJK)I[^*NRP
MQ!9K[+'()JOLLLPVZ^RST$8K[;345FOMM=AFJ^VVW';K[;?@ABONN.26:^ZY
MZ*:K[KKLMNONN_#&*^^\]-;;K@'QX!N/`W[:2ZP#+>K+A0'-Z,A)!!&4%`$B
M-4(@G[]GLBE!5`MS$0'_`Q0*M8E0%="2@#@=@PFQL$(]Z#%)$"3)28-C"43(
M6"]=8@`YE-5L\\TXYZSSSHQ%F`D#S9C8,;YT:JQ)=7XR&#*!6BS"\]-01RWU
MU#DWL!$7#@#T,1?E);":)J1J@4`$+7'!X3>9-#UR7VI/0BLX7*PZ=`,4#O0<
M.`C@JS&_SUV]MEUM#Z(O(_A:)*/1OP3^-UZ*V]/XXG4]3H_DD,M%N3R75_Y6
MYMMPKCE;GF<3^N=:C7Z-Z:03A7HQJZ<N4^O#P.[Z1[('4_OL'-V>N-\0NQK=
M52IOI;LOPY_[R(]:1)`W`<&7SCOFS]O[2-8.2##S=<XC5+RYCR"@%`))*0]Z
M__2=DT_O(UH@HD4#ZF.ONOFCP`H@E0.OA#A5\,O;/0,)@,<_>..[A`,@`(&2
M"2`G#``:W#;1GPBL0U,+@("F)#*?_,4K'@@0&RRTT*_L3>(!*>+%QX!&(_Y1
MQQ+HDT7+TF9!W,5$<F!JGZ-BQ@FZO<Q$*62A5W;(PQ[Z\(=`#*(0ATC$(AKQ
MB$A,HA*7*,0$^$U\[1L+^YIW"9]9+#P":!.)*NA"N#SN/X*0()UHP0`#.'`3
M"<S4@W+B)@;<3T8M[*)'&C>D"ZWQ(0"3D#"V)\?)Q9$8?.PC]+3W1T$2\I!_
M.X`B%\G(1C)R!N]#Y-IT1<E*;F$`Q5C`>!"0)`Z2(O^0I@#EMRQ)RN)@DAA`
M$H0$DO2[48CRDX5,5RE)><IAI!)'`WI8)U[IREBB:Y:6K*4P4ND*YI4(EI(<
M&3`K*<Q@$'-@.6FE?7P)C-8YP&@&*%D'M[5,2C83&+<DX)5TN3)J[HX4J51E
M\A@@P5%V<SW?I)TYB??'=";@&X^8D#O?:<I('J1UJ;P5D!:@$2H*0Y/U2XO[
M4+D3<7P'(,/@IW'B.<=Y]@*@8EL)/P:6@#<.DW`FB@>LMM&]2Y6(G+Z0:#^'
MPLMIHM,J0!J;03\ZB/Z8;:3:F`4"<%DI"A9#I9<$A@XT0-2B&O6H1M6!)UH:
MBM8A5!GB0"DXX[&`-CT@5F?_S,8LW.00`P3%&D"E:"D*(*BR"JI7+!R&3QYZ
M*9\VQZ+<2*<4';"^K&*CI%R0``*$(KZ?JE2LI""K60<[J*5>;4?*B$8#.KJB
M3K!B0HP8H5OQMY5;WG,\Z2/IP"I0`7Y!0`*3%498@2%8PI85K5QLSF/'""%'
M>>*Q9+LACRBKE6MN$%<&V\MH?U%:T_+*L/.!K402N#7'`J]-Z*,A_A(CA`PX
M][G0C2YTA4"UZEI7,$`-P<U0X-NRH@`Q5@LN\/2*-0I)E15"89!>&Y563PQ@
MM]B";R]ZVUTG[?)JF84%%[96*BW831.LD,`YL+8PCX;NO7_5EGQ30=_ZHO:M
MXK68_TNX!HX!VPY^")8H8*&U8%0TN+L/C@]<47'@#E/+Q*;XL&]#3%N#E#C!
MV4+Q6.O[V_LF<Q,9YN>&M]*$VOCXQT"&)#!D'%@:)PBX_\0PD4?!!`4X^<E0
MCO*3DQ`,!:CT`,%8LBA4;%H6P_'&FLCQ.W<<"D`M4P%5OG*68>P++A/6RV,9
M\2E>K&%@F!F8:`:&E26*Y2$;1P48(,$&6G"!0AOZT#WP@`4L8(()B.`4;AXL
MG)D*"CKKV,XJS?,O]LS//O]"!3=P09I&3>H`,'H"'PA%I,TZ:3F'4LEL[L6=
M9ZEI7W#ZG9X^10<F0(%2^_K7`:"`!83#B56?%LDNAG6=?_\QZU+6NA>W[F:N
M26&!7I?Z`ANX`0:VS>UMRP`+BP:V=C@@;&)/PMAG1?8]+*TK#,0@F)B6Z+-3
M$>UE3OL3'P"!!T;-`A>0P-W+%.8')@`#"WB``APH-;E3``+AH+O&Y01S)L1L
MG!8$@`78_K<*)AIO?LX;%?4&YKTY\0$+C"!-P@;XI3<A@@D8_`6^I@`13K`"
M&ABYU1+'!,6+0VIL+V$"'?!%LTGY\5.$?)8CSP0(K*V?%Z0@U5S0\B1<CO!?
MG^`$3EA!E]7M.&7KR@;B?@$%?J.D3*>9SYWH@`<2KA\.6"#HDY!Z)G9-@9,#
M.PJLYGH]V+T>#,A@`Q<0=P#(C8/_88-BZ)8LNBF.7LJD<V'I:?+`HS,A=T[L
M&@14*/41KG!L&PL#5WS#VC:_[-YN`B'0@^Z!N$=`@10T>O*70'PE%5\*QI/R
MWA-(@=VY0P$3P%T3E?<$66FP@JOSP`C;X4$0.A_Q2^16]`,K&*X`+(BN&<`_
MMVIO)W8.S`'\Q@(IH`#,?TUN83=:.+*G).U)87M+>CK?.(`1!SP`@]]O(OB=
M:'`05E!\FS-_$X^37^510!``(6/$"0%F-F7#7JFU?2;F<@?'=N*6<=OV;K1V
M=IW6`3"P;S`R`A8@"OA7;$:V''J77P6Q``U2*F9B"S8Q%A"`/E\C8I_`?;-$
M9BU'`4PG_W@!4&@NL&U`L![K-PKM1TD8\`.C1@%0!X*QQF`C:%_-%Q^LH#X?
MTUBOU8)D@3Y,XS2'$0+9Y1@[0'#5IH/Z@7%3\`1#,`0U4P/+%&HL<(0@L`.0
MT84VPUU-^%V'$5ZJ!0UCP0B+51'4MU^.0A8-D#+:QPDT6$IDEG:_400;X`*%
M)H;;47["MFCG1W:<$&V`]G=*<`%M>(06D(2F$(*;\'!'YGE0&!".8@#A@2-V
ME0G]$!X`LE,SQ7<!UW%;X&T;,&B%!G:0R'LX^(O`2`$Y<&@7P(NE]@.&EU)+
MZ&%-6%BF*#BO:%,/L%?2=$ZEMXP%\DZYN`$Y4'>]^(W:`04ML/\!6^!XI2"*
MFD"*)/B,73>#Z)@)Z:<KM39P$[!T.`B.,%)HVZ8KYD@*[X@)ZNB$`.AJI4"+
MW6>+W12$@]!RP;%H#KEH5;`!_\9M&]=X:[9L;=:,.)=D[HB-92=O&(AK%[ER
M&=F$&YEL'8F1LF9V>J9F?J:23&B2>N='*4F2*PF2+8EV+VF3,3F")[EN7C=F
M"'EF(2EM(RF4O*61,SD/!EF#0XEG16EO1]E-B?@)`>F,3PB4-8F40L>2F^:2
MO_"/EW"5/]F.UPB3J!"/0!B5(C>5M9B4,LF.>Q>45/F4%YB3G>:6!PF7/KF4
M@W26/)F67FEK8*F,:`EI2BF7-`F87'G_DQ['EDBGET[)ES?GE]S0E(AHE\X&
MF1:YDXW9DY6IF$Q)EV_9E3CYE3H9EAXY8W&9E<(@,-!7B#@FEI.@EL:AD*$P
MA)34CZ-`FX-`EGI'5\U`,+`P>IV@@K2P6`:%F;2DF43'F;<GF9E)F316EH`H
M0@*P`!U%"OU%"0^1A5M9E\PVF-!6F+W@FX(`G')))$*1``G0(9_D,LG%0HG!
MA2JE73;C`RI5`SBCAA+E`S@CAS5#AR-HAX:!AY,0006!+PSB49^0G4LCFV&&
MGEQ@F\6!FZ"@F_PHG<U)G0ZVE!W#*.Q$"F1C"6?S,,P);^-YFH29FH89F(C9
MF@-)'EE4$`]`_S=510IZ8Q'&F:+,Y)R)!YWNQZ$J6I)]*9<`<Q6'8PT^ZDU`
M.GM"6DF\J82'F6*)Z9IS&9ZEZ9COA*&?H*'K,:6A0*'JB:6+Z8"KF2LL6IXN
M>IYI.@IE.J,<R9CB:9J/B9<BZ9EU.E]7*J<H2:=;FA[D26_FF0IDVJ=]DW.7
M<(@=:J==&J6[2:0_ZJ$@9IGEHZ5[Z:@)":D;JJ>!RHPRFJASBJ956@H6N@5>
MZ@E@:AQB"@J'&JH2>J:&2*&GFJJ=L*K%T:J?\*I':J:CB:F3J:E$B:=&Z:F9
MRJ>PVH!:":C'*JAK2JAM:JAONF6(&JN_RJS!RJ6;2JQ2::S9"IK5:?^IVM"D
MNE*5GE"KG!JFDNJDE+IBXBHZI-FL@OFL(%>HJ,"KH>FK?TFJ,/J1=XJ:>>FM
MTVFD^>JGUR"+HLJOGSFO_]JB`:N:I5IDR0IAS3$K#R$1Q'D**F(=UKJHM#JH
M]1JM]SJMJE:MR@I-!F`)UK$IJ("%'3L)C%JDVCJL`)NG$-NOK-FK!DL+KX`(
MH.)&J3"?%90:1%NT1GNT2)NT2DL:Y]&SXL!5Q@D*ZV4F='5=5GNU6)NUDW$)
M'))7L#`A5X4*$0(!TV=(=U$=>G0DV&>V;-NV;ONV<!NWFA,.@I!!TY=!FZ1!
M8R$.5:NW<EL7"*`1A2`13@0`?J(1UH,5`%#_0(X``-]A"&6K%0\E#MZS%NP3
M#Z72"-M))J8PN5@#)9-PN6TUNK"P4-11*19;?;CBGD*1-8233@A@NITP,S1"
M$6X3*XDE%-^A(TH1N9T0`>35-!M2`64!#\2;15BQ#!P"'LGS7UOQ)F&$(PUB
M%1]R@D="MM<+B*8`O7'3`.DE%M6[7VZBG6XB$9U5"@9`M@,3`<.Y"#(2)Q:S
M#EEC,<UPOI^T-0^P&NI`#@[C`)E"MAVE5Q5&"@"@,K%%"==1`8V""+>03XB`
M%3,U%/-;MR_!O76+#JFT,(R@7GX;"A-L4D-RM^B00BF40%*E">4Q"/XQ)'+U
M$.2`"`<$P_X!GZ-`_X@!`2!7\R:_DT;K(!0B(PJ.6[<5(!$-4`']`BJ:@@@N
M8;B;XC)MD5]A!`W]TK6IY!21I8(K"(``@0X1-'U=FUQ@7"H1O`E:,A:W(!!I
M\1^952HPO`QB_%(#(A%7(T&_XYY.&S<.R@F?=;V&BQ-6`1$J`A0"T%DN$0$?
MDQ5LT4Y<4Q!@)#CM!"$_\B$S\SN*+`J*O%A"H4]7T4Y3.[7'HUR?\,$0T`]R
MY1_KNU\Y2@Z?3`I=.S``M!&$B!:HG!.68$6DD`""*S818`AU:P@^&UL/L#`$
M`U%<,3:W4$#OL!04L3#-`+SB(&!B4PFA]0G&/`T[!;Q&0P`+LP`.4#'=3$P`
M&50!:/-)"P-:%(%!28$(#$"\9M,38R'.)YP);*+-\:`.YJ#,$0`/%J//Q54*
@M%((OOL:U0,A]C#08WP-Y@`T]=`J$>"]]Q"U!Q$(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>u53165u5316515.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316515.gif
M1TE&.#EA(0&R`-4``"Y#F\'`P$5#1(."@@<%!N7P]_+W^^#?W]CH\Z*AH9JJ
MM._O[]#0T&1B8W-R<E134S4S-)*1DK&PL28D)184%9:AS6)RM"0S=<K0YL;0
MU\/(S,C8XW1R<ZVUNK>ZO8."@^#@X.3G\M?;[')ZF_C[_>'N]G>!K5)BI$M6
MB-'0T,'`P9*2DNOS^:.OM\OA[____P``````````````````````````````
M`````````````````````````````````"'Y!```````+``````A`;(```;_
MP-<K,($(*`FA4D@(+)_0J'1*K5JOV*QVR^UZO^#P\N$0'AC1IGC-;KO?\+@<
M+!`\%P$TTRG,+P-\<X*#A(6&AU,)!`]Z!Q`$%`-[+PL/D)(+#@0$#8B>GZ"A
MHE(2%`010V6*DP(/+P<4$@$$!R])H[BYNKMA"P($$DH1!),$1D<#O@2WO,W.
MS[RU0A"2#PW#Q1&``=**$-#@X>*$#F@'$Q$1W[.3#P*U"PP'3@=JX_?X^5P-
M%`)%!PDB-2!01@VL"0(@1&"`$,($:?HB2IS89X`D(0DD#:BU44E&:0<L4AQ)
MLJ3)DRA3JES)LJ7+ES!CRIQ)LZ;-FSASZO1RH([/_Y]`@PH=2K2HT:-(DRI=
MRK2ITZ=0HTH]ZFJGU:M8LVK=RK6KUZ]@PXJ=R6`!Q"P'%HQ=>\@.E00,!`08
MX!9+7+5L\PI*$""CQXT#N/6<FV3NJX^&S6Q,X#;DO`/S$O!U;(N9WLM5!`R0
M(&O:"P@''`"22[?O@@8!.-,-]DJ2@PB=7FRF!H@NGFH2&&'>347S-B%V[`0.
M0%J`Y!>B:P<H]X*!Q@@7&R20$)BZ'09E1$N(S;O[$@=P&>C);DM\N01E&A@7
MSR"!>FD.!"R\%>"!JU;HA400X."`?>\`!BC@@`06:."!"":HX((,-NC@@Q!&
M*.&$%%9HX8489JCAAAQVZ/_AAR"&*.(N9@W!31]XC8A@`Y(@E`0UW*E8X'Z2
M-%!+7,C):&`"T&F$#G&R6:;$`"Q:9.212":IY)),-NGDDU!&*>645%9IY958
M8ID%=`+$MAV.9411AXZ\&9D;*@I5!<689&(&B&R!="1F75S`PX<?;7;%)A</
M)$/-`/M1H$>>6NVI101]:H.<6@&@0FBA=&)!7`,.!/:"C2_H]FA6AF*149>*
MEL&`FIM>U6D6%BU``8L+3/!FJ:9&BI:=K_P&JU6GW@I@KKIVQVNON_TJA`$N
M%&OLL<@F:VP!P,HD[`O$*BNMM,PV"].ST4ZK[;)Q9!1;/TFX(Z2U<V"[[;DN
M5!O_AP!J03#>H.0.8BZZVJK[1@/?O'!$$@X@$2\A\])+[1P0X-6J$`?_*TC`
M`B=K;QL-2,"N!.A%0/%KABPP@`.LP<)$G@PW?.S#;&1D#J!FI9.B(9UH3,P+
M+Y,9LLC%DKS2.>'6\W&;,]-L\TJG2?P+&C'KV+/(/Z/4GGM*O%RTC$<WG+06
M)!A@]=589ZWUU7%HG,R00EPDLZQ/9$LSMV(4<#:R"K<1M<!39Z'VVL:VS<;;
M],:-Q=QTNV#W&GBCJ_<5?-/-1@D()*[XXHPWGC@+(`9^[N!6%+XV&PCTG6[D
M9"]A]MJ45V'YV9AK'GJ$DF][^A2CTUQZWZL_F'J]:[0N__+K=,?NX.S3Z@Z%
M[0WC#CKG57Q^MN]/`"^P\,<33X7Q/M>NN=]K9`X[@_M5E9`3\8G]!.\#IST]
M\]$W")@$!]CX38Q+@*\L\DLH3R_Y2#>XG[Y.H"9<(.U#L,W__]/`]#(`P`(:
MT(`9F-X!%[C`#6B.@`R,H`0G2,$*6O""`-3"J`:#'"#)Z7O^8Z``'XA!!"JP
MA`5T8-\@B,(6NO"%,'S5%;B!&N<DP!7NZIS['"8]S=%/:MB33]@:H):X\*]]
MG5,"].HG/A]6SW3.F\(2@=C$OOT0;E&4PA2Q6$7#/?%Z']HALN"G!/FAZXIY
MRV(4MIC&+E[NB[E3(Q38*+@>6O\1CL,+8Q*'-3TR"L&,YT)C'?58O#[:T8MB
ML%X<"?D\0[J1='AL'B.EZ,@P`');@IR<',M623!<4EN95-TF/=?)+WQR6J&D
MW22U6$HOG%):J>S=*)78RBZ\4EFQ#)^'Q#BR0[XQD5"40P*D8:FY#&!<7.$E
MVBPYODB6;UU.$$!N&#`7S8A%F37S)22!"49HOF`"#+B&$#0%%FQN[I&N<R83
MO4D<"CC!%V,QIQ]?<,MDY?)]Y>+#`O+5`'A]19[:3"<W%^E-6)AC`FL!*#IO
MITXJQJ$L0AB4/_^Y1VC5D@OU9%M#N;C+BM)1DPL-WD;;V-%"!I.93AQH'DO:
MR)-ZLIG_*I5D&#Z*R:TH%*5WC.DSP4!34-K4HQ?=0D:/=4\>BJ&GJ/RI2;OY
MTI2&09$KY2E,X2"7(6S""9:"QDV;FM.GNO0+2(6E'*HJPZP^8ZNFG"H8H"I3
MJ3KU#56-"VC@!`ZTNE*M7V#K3L&*5[<%X@%),*LS[&K+OG9!K^MT:U?AZH0$
M5`*K1^0%83%J6"X@UJ&*120<F,.86\"E$"*!&0%<LS$I3%:HE=W"93F:V5^R
M)+28<L2E3`O4K][UK7FU;1?"BDN7A'9?'HRLOFK+U+3BU@NK)6EKMQF&$&#@
MN="-KG2G^UP1O"&T+\B-!TT;P@6.<(4Q3*#F8A@`%=*-A2[\_R[=R&L"`+CW
MO?"-KWS=>X():D$D&^G39QA#VZ42E*N:7:MNN<!;>ZZA`O--<((M\(8WV;"(
M`Y@H<(C[7^,N-K?%]4*!-2H&!"OXP^]E,"Y.JX6AUFVD@YQI:K7@81!_6,2C
M(+'<5IR%Y*9XN0(-0XM=O.!<R'AO-,:"C4&JXN-V8<<\EB^,1?%CP@7Y"D,6
MY5&?;`4D)QF^2PY%DRM'Y2I$695%OK`7K'QE]V89%%L679>I\&593MG(7"!S
MF<_\B313P<3%*NH8U[!AHAZXS/.ELR?LS+HU3Z'-NL0Q0SL,:"7[F,)1M7"`
M,5QA#1M:"G*^LJ`106@IX)EZ.DTL7__AO(5,)WG3;8%T6R7M6@%G>+>7CH*I
M>8QJ0W0Z"I_6<R_?+.8C-SJ^M2[$K7\7:R@@&I^\GO28?XWE1_LWTK?MM64'
MO(4^GYC1S#:SLUOZ:LJ26@O'-FJ8E>WK;`,@V`!3]5ZC3>YI=[O:Q7["K%V,
M;GFI6]3L;C6EH0WK;V=AWB"N]\+NC5E6,]?5E>ZWM$MM[G-OFY+4+G&\EQ#N
M/2=;W\LVM\#+17#6&CS'".<W@2>N!("_^.&LC/B,_2UDE6/!VGG^L\91OL:@
M2ISE4';Y%6`.:ATW?.-C[;AR/[YHK[Y;"SQG@\D5#/1U"?W&1!=IJ`MN:9Q7
M^><TGZ/-5[[_<'#KW`I)EWFVFT[5IQ,9P!@_[->???`O++W'(S:[E'':;M6N
MG=MU9S'6X\[V=1?6ZEZ^.\2[_N^]QUCN8$9[VY$K^)03'@MO#W36.=EX7)-<
M"!7?];C3'F?#,QGQ;J8[Y^U^]"R$'=MCGSPI*T]LP+.9]91__!4B[VA"9`29
MP^T[OO\N>RMD?IF*EKK/9SZ(@Y$*B;JG.N_S7F/8K[[W5:`]L`GAP;,H87L,
M](`"ML_][GO_^]SO0`P[`/[RFY^\+3"_^KLO?AAJ?_WP)^\(+D#_^MO__OBG
M/PKL"X;J1V$@FQ"``CB`!%B`!GB`")B`"KB`#-B`#OB`$!B!$CB!_Q08)EZP
M3Z/R-WIQ0[BG@1[X@2`8@B(X@B18@B8((0RQ"063@OG2'*8@"1(`"4GP"W80
M@"WH##VQ,650"A0`$J80#-CQ#N'T#ME5458P`'TB';9`%TH0@P^!'*65$56A
MA'3`(@_@@]='$,T1'[7@#L'@""O#!<2A@V$3"+``#%"H"D@X"YM@?6A!`5=X
M#JXR`0-@#P'0`);P393B*DTP`7P1`!1@@<W0*GAQ3&5!'69@%IW`+G-A(W/!
M``4#!A(0)KX@#>P24<@Q3.N3`.O3*(+8!54U!*[@,DK@!%?(B,>4'H\%!OM4
MB(%EAHHH6]+1B:_`/EHP"WA1#^A3#_ID"_\4`#.`0`!=HB^2$`%/^`Q`<GT8
M81G+`3-"H![/J!Y?XP6A.`3\$BD1XT'0:!%TZ"A>4#3O$!A/\P`+\#)%<BD#
M0(<2)BG>TPF"E0K:*!Q)P!=?@(MFH`;]LC(0T`E-,`O#:$T3\(F\`(E*`$\)
MHP1S]3),*!MVD#Y?$#$><0L3D"+PY$%,:!'"P1I=0`$I`@&,,31*`![.*!OX
M)1(3Z07A5)#N>$2@89'[<Y!=4`]Q.`$(I0C#I`0/@`3GT``-P(=UR!<$L(ZZ
M\`#!H"IH@"E*@!KZL1WI`!N(P@"(>(%S!8C9U8I*<)+?%!>0Z`B,X1_"A041
MX`!J\0#>&#/8L92BUZ"59$E$O_@%TD0)@D)72<D'X"0`6^DNT!$&$6`*QA`/
M?'D1BK`)FR&#^B*,EV*+SI``-(D&SA%:7K,1"Q`!2;``QZ$Q$1"&6Q`:BZ`6
MU!$(C9D$SG$RC+D984`<:`@V^F$1`1"9MT`=:O$18:"8X-0'$/&8S1%AK8$&
I&AD&,6B8,;$`'\`!((`+*<`!*X"9GN`>NPD*P"F<N+``*H"<GQ`$`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>u53165u5316516.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316516.gif
M1TE&.#EA(0&N`-4``(."@BY#FP<%!D5#1&1B8^_O[_+W^^#?WZ*AH=#0T+&P
ML7-R<N7P]Y*1DC4S-%134R8D)9:AS6)RM!84%=CH\YJJM/C[_>#@X(."@W1R
M<_O]_I*2DK>ZO='0T/7Y_,'`P<OA[\'`P/___P``````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!```````+``````A`:X```;_
M0)%@.`2(!D2(0B0""(3$:(@I@A"HV*QVR^UZO^"P>$PNF\_HM'HK((3>AZ/C
M_9@PG:)WB"#0%Y@A`A-Q:X6&AXB)BHN,8`)&6`,#@`((34]4>%F25HV>GZ"A
MHJ-?CYN3(@1VEUB:5`=]#1"DM+6VM[AL4D=)2ZR9F%0$LP65N<?(R<IH;7YR
M;TY&KK],L`\``!"KR]S=WLBFD:@B"[/3TP@3DI)]W^[O\(WA5)),!0_FP=0%
M$)!,#^/B"1Q(,(R``=@`3!G0#P`2:?I<*1!`B$D"`;X*:MQ8<)TD2PO6$4C`
M!$%`DYD6:"'@CZ/+ES!CRIQ)LZ;-FSASZMS)LZ?/_Y]`@PKUE+"HT:-(DRI=
MRK2ITZ=0HTJ=2K6JU:M8H7[(RK6KUZ]@PXH=2S:AI:%HTZI=R[:MV[?=#DSQ
M(@T`@K-B%%R!RS=>@1`'$I`442!!B+\%+&%38$FPB,!3'%>;LN"LW`)Q#F`^
M+!=0Q;Z@00$@<`#5G@,00F!KHG!`"`4*L!U@2=HB@`,+6#)9<&"UPBL-&AQX
M$$)XZ..??`,R,LEWZP%_?+]&=?N(0B:N$TA3G6>)-)7(PRM2GH<Y:]8A!@PG
M+@T!P&H$7%\781*`@@%S(,5'4!J\^/\`!BC@@`06:."!"":HX((,-NC@@Q!&
M*.&$%%9HX8489JCAAAQVZ/_AAR"&*.*())9HHDM_'4;87"=VN,=M!SB`@'\M
M:KC'%`U05B.'O4&@W11[:=&``GH4:>212":IY)),-NGDDU!&*>645%9I)95_
M%`)`<#JRT=*.#3J030(%3*";EV!"B)@]+&HQ3YH<O@FGAG+.B6&==EJ(9YX4
M[LFGA'[^"6&@@CI(:*$,'HJH@HHNBF"CCAH(::0$3DJI@)9>"F"FFHK'::?(
M?0IJ:**.VE>IIL*%:E\%5!?IJGR-=BFL;\4(&*6TNC5:"`[@^F6"")`&W:N_
M)IA;`[ZFNF"NRJ;%;+-#/0MM4-+ZI($!V&:K[;;;YEEM3P:`(.ZXY)9;;HDF
M9>G_9K'_A6ONN^:2J-UP7'S+D[OPY@L"B=?1B$4S5P8L\,!2<E#!P0@GK+#"
M!#?L\,-%JJLED/5&8?'%&&>L\<8<=^SQQR"'+/+())=L\LFYWI5*O>QFP8"^
M^3*@",SY&J`3!32_*W,B$@3@\\]`!PUT!+<X,$&;_[:,Q<LYE[LS(DV;:W-.
M.$<][M.']"STUD$3[8VB3%L-`M:&B#WNU#A5+3;9A6C-]=M>=P.VV6//3#?:
M-ZEM-=MKN/WVUG%S,[?9?*M!-PAXVZ1WU(6GX???77\S^-IVFYUX38LWW3@:
MCT/^<^#+3+YWY6)?3E/F.6]^1N>>!P"Z,J(S3KK5IL^$_SK-JIO!NN>O)Q.[
MYK-'7;M,M\.<>QF[0]X[.$I3$?;HB1P^?$S%ZWL\&<G_O?PQOZ<>?-/3PU1]
MS(ID#[?DS3/QO.S1WWTSW=>/83[7V^?2/>[?YQS^2^/#&[\8\P,<^L*P/N"U
MSW+O(USY6B>T^N'B?L;+'\WVYY+^Z6R!#!S:`,%00.\=L'0)I!S/,JC!KZ5/
M!!;@E@JY90$)PHR"'+&@N?X7A@`V<(,$D5X(H8<(&T;.A!K1(=7@AT$2N@Z'
M`Q%BVH@X0B,>$8AE"$$")M`'?E0Q2(Q08MZ8V$,G/E%N)\3";#0S1LU<00&#
MR:+[AJC`)AK1@;>P%`(@$0+PX/^&,`%QH;Y@N!$/K/"/V&JA&TD(1UM8:C5'
M&,P#!K.-16A10CXL(1C+X!M?(`!93)A%(QX9H4A^#HEAV$.KL*$=V6C'$YS,
MB68&\`!`7*,`&6&$)WU6R%ID"I-;`(#$]%@SGQ1`/2)@3"IPDX#:!"A3F-D"
M+#^1RIL(LS<DF40($%`<41R@-YB<(P(D$P][.7*-/+E."(ASA/*L#!33C(-]
M4F&7)@S$F[R$%Q]?HI`X["$5!<B1"%H)BF&)0)\/(,`?&H"7=\`S$8`$I`9\
M0J000,`!?^!5*[D#"DSPBB3:D286W7%0#/VR"\;\Q!,BBH`_\",/_(1'1S&D
M(BTD1A3_LPB6>A00$F3%QA8%2)%)(X.F:='"#5T(8R*FR:L!D$E,]DDC%5;J
M4RK$$@O5K(5*3O-/'6DR:4UE2P):V:,?K<R?2W4#Q,9*UK*:]:QHA=(NQY`>
M*E1&GRIQ318`EM:ZVO6N>,UKDM8JAJVF`@$.2`!J&A#7=<$$DPF0YB0:H-2L
M@G1%6?H+$WHU5Z%V@YJ$<8!B_^%8,"2@H%C@CV%=,HOAM+6MY$!:9UW*A<8R
M@:F)>$*PAI$'ZN!RM86`+2*"<5KJ@!:W:=#M(?R9`)44]Q^N!>X9A&N(`_S6
MK<HU!',-D=P\\#6Z99@N=KMIV>U2J[O>_8EVPPM*\K9EO.85_QQXTZL3]++7
M=^M][TW<*U_[Q;>^-*$O?@UYW_W&1+_^)06``RR*`1.XHOT]\$8,K&!Y)+C!
M!&$PA!4AX0GO]L$65BF&,\S1#7,8BA]V!TE$FT]?Q&:9HPVQ-QKP![F.9`&,
M)<TB?UOA#U-6KD]0S76,0%FLJK@;J,5Q'EA",6!B80(+T*N2E\SD)E_INEP(
M\A0@D!B[6.(*1LT"F7X<%U3(=:L.B(,#E"""'G,9'AOE0@'2?&9O2/8+)6VS
MG.=,YSK;V24-D$1M[F/D)@Q@+PXQ0GI:&9*/#&3-"P#``A10&@=DQ"&]VH,;
M9D.`)9@V#7K!Q@(*`X`'$*(T9*[C(O]%39(&L'D,IE8T)&+D5/S$80&P3D6L
MR7';,LPFT2-Y+1;RK)Y[$*"D#X"Q2<9\A@5,8$@."/-!)N"/96^S'Q2QP@,>
M,$=B#V31%NFU7JA`$M)4NC3?G@2UTU``B.[F+*^I!F:P_)?1M#L!YD8#:M>,
MHZN2*39U/,)L5J87*(-!KBC5M5/)<9<KSZ@*)7DN&)A=#0@,R3I4X(^8"'"%
M/O0A'9,]]==:$8<Y;N((4Y8K!&"QSC-0E`E7",$$E,H=3,0'Y?'1)1H0.63[
MY)&:OO&X0JQ0:S+H`YCZ0+EJ@*0;8*8TNQE!"&&,$?$^*-WB;\CQR@E"96'\
M0:!8H"G(CR#_5_F0XS-C*.8KP(.`6)H;$PZYPR36C`;".A4@`Y@`7LI]'H5(
M0PC!]-<8)J"NLV?ACCM>S22T?@;-,J$!`D"6F<3(<,`&(A"$[94#]/Z.Q+[Z
M"HO$@MCIDQN%X+HTO$K#`Y!U@$$0J=+"&,PE!W"7/`?KDO&]AR44T..`\.8?
M")@%ZR>1FD2C00&>/L)9@OZ`/Y0F6#%"R='+D`!M.,`4#R#"7)Y_$"O.@@\8
MN<A3XU%,,^4T(4[%1DDO61),XEL-)EDYIW$YRMODTQ+O)\R6_/V%?#Y4L"7A
M-OA5$P?MD*0W"B<&>_`(A-`2.C9[,G=B*(8&SD5%1A4Q@/`&_W<K*7DP&*HU
F$`J0`0$H"@6``1EP`<=P`1F``2"8"\&R?:30`1BP`?0G"D$``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>u53165u5316517.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316517.gif
M1TE&.#EA(0&]`-4```<%!H."@D5#1.7P]^#?W^_O[]#0T-CH\V1B8Z*AH;&P
ML<K0YB8D)7-R<E134Y*1DO+W^S4S-!84%9:AS45$1'1R<\;0U]'0T(."@Y*2
MDLC8X^3G\OC[_9RAM^OS^</(S.'N]N#@X,'`P"Y#F\OA[____P``````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!```````+``````A`;T```;_
MP)+P0BE2*J6*,2-,()7&(E*8P0BO6&S&4<1<LN"P>$P6%Y2(;Y;8+93?<&)8
M@9`JX/B\?L_OAT4``8())0("`0T`#R4!`B4)@@(,@U<,$@1D!0X2")&.?J!E
M"1(!$0A@@((,#GB"?H!@#1(.@INAM[BYN;!8AT*-C)^_PD(B#`RG8Q$,F%?-
MNID!<,#`6;R\;R(BKP!9LG?.>`;;T.7F?-A"O@7(P5C55Q$-#Q)7#XM7!0#@
M8`8(`@::-!`A0$0"0P6O^!,`+L'`@@3^$2H@0(*`B8W(83$`P(`$?%AXT7-F
MR$T)`P@-.!2RL.$\`:<*-$+@)ET)>6((-))60N;%_P*`(@`D8$CCN:-(2P`"
MP-21`*8`&`Q[1XP``!'Z>")(5JQ;F`?[%!AB)"&!`D$1M#%H4$)!6`$1R)H-
MD""!L001TQ(@P,!N7S`2%"DE=`60H:M-&!AD9O5!26!N%8B-&R"06VT#&SBR
MB1@,`5(B$%QZH/B!"(ZF-3D@F+3U.4#:3A="H&V4`7CNKC@(U$AJ&([/L$@`
M9U5GW*DE^/(E7+Q4ON23<I..Q/5D!`?7`05/59&<@T,!^K)F#>QO<@`Z/QUR
M4R"14J]7RH;96LDL`Y"=&Z1US1^:35]"1!`)5?D`(-1A1@G'4Q:=E7`5//!<
MU>"#PAC00"G25!.>('1A\?\/=+-8TXTF#+AA"(=8R4.+.Q.*4,UZ''9CDP,.
MF-3+@KXH8(H;G;5W7W]`AO(?3^P\@!L\HWCHR%Y9@!6`2;>5T$Y;W4#X"0*L
MP"6$6[D5(HTOP!"0`'K%]'**`0SL(Z(0GTF#P'$$!`13,\!H265NX&TF(WS%
MS-(,`6Q5QMY5!K@1'6(%!&15@D$VF@U43!4"J00^$2@$`(0)H0]*Q`A!#Z0Q
M2<!`!&I"&)6HVQ0@*JF+P-,``Q4I9EB54+%B3ZUC\O/>%9>Q`]4BQR`0$#"J
MCBK8BP$H8!&K-BF5)E2^5?04*Y4]M8TLDU2TC(V.=IM);-J<%%M`R9'+)KE`
M];/_5W`;A1N21G%>D5&"VI@4KZ8B$)!N<EBQF:]G_RIEU+[%D%MO";08U-&]
M`MM+K@&8&!`05@1G0<#!"@7,KXWNNNOMQR#K@EO(<'1&'\DHIZSR+2.O_)6`
MLK#K\LPTUVSSS3CGK//.//?,'Z1`!RWTT$07;?312">M]-),-^WTTU!'+773
MJX%K]=589ZWUUEQW[?778(<M]MADEVWVV6B+'8+/;+?M]MMPQRWWW'37;??=
M>.>MMQYBBD)4;7PC(//>A!>N:0(2FSL.4`4H\+<(=UR<G.02.[--`O@PKF\!
MB4+,N%+F&BXZVX9$=(7@S`A"D#8!W*93`"Z&1BX!#Q!`_TLR;L*NC0`$T%$"
M`G0P.OKP.(^UX)>,P%Z0BP%@XHHV8OURA^Y"R*K[>(3`?A#QW.MLO+R%)+^Z
MBQ$5)(TVWYU^4<<PZ5C0)YK5;F?W]-=O__WXYZ___OSW[___``R@``=(P`(:
M\(`(3*`"%\C`!CKP@1",H`0G2,$*6O""&,R@!C?(P0YZ\(,@#*$(1TC"$IIP
M9P[1U0E-:#K?K/"$KGA2&("2MAK:\(8XS*$.=\A#;81.#S'DEKRF1L0B&O&(
M2$RB$I<(*2'B(2(&.`X86@:&`9#@BEC,HA:W>,4#Z,**7`QC&+\HQC)JD8QF
M3",$<K&`$;CQC7",HQS?N(#6//_``2J45Z?"`,8TBM&+N>BC'\<8R$&6$8V&
MY.(:<='&.3K2D77\&!6S(,A$8A&0N*BD):^(R$UBL9.>),$B;]'(1YJ2CB";
M)!8T:4E,WH*5E@2E)V6YR5&&HI2G-&4DO:7**\#2D*X,Q2\-2<M8%C*46+0E
M*'"92TBF<H]51&87BYE(:A+SF-)4IA^8V4PY[K);O13",/T83%",TX_6'&0Z
M_:C-/G"SFW#\IJ/"68)SFK&<?K"G&=>91GZ:L9U\>"<\W2C/1M%3GW_TYR&Q
MB4R%BA&@>Q#H0`L:I(-*DP3X[`-"Q>A00F;RHJ)DXT"=*4EH4O*B&>7#1CWZ
M2I!V5)'_(AVI-Y_YAI5N,:5[L.D67[I3AH82HGJ0*#PI"B2+2A.G>M#I&7TZ
M2Z;6,J8RC2=-RZ#42_)TJ1^]Z%6S"-0\"+6;1.V/49&)U#Q4]9-.-696LPG5
MJ!)TJF0X*T:WBM:U-C2MB>PJ'K[:S+#R9ZRA+"L>Y$H"NG(2KX;4*QSXFDN_
MN@:PGA0L'`AKV,(B=I"*?0-C3^G8UD!VDY*MJ4LOBT[2JK&M;NUL4C[;RLJZ
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MLB=UG`4>;Y>^W25KC35Z8R[G.,E#73(?FRSE36Y9I>\%,UC%'$T.EUFM;_:P
MD]FIYKZR^:1NKO!=Y]Q/*%^1REBP,BHUK-X\&SB\?K8LGV,K8NWZ6`RF"8#@
M2O"`!C@`4%,$LCC)K&<C+WJAGWYHG?\;"PW:%8,0-;++0+(PXS*B>,P'[K1U
MX^SB1J=6QML0@03DI)0,L5K3]>3TH?=,ZR>'.HR`OH*@,YR+A+2%$)O91J=*
MT34+7%0#-K3V1;,-4FY?]`,U[`"&W=B!KOUP#`510&@(\1),L,52&]9RHL^<
MTS3;>K;04,EM\$&[.]3EUUD.++V3VF4T?_G>Y"W'N^<CQ%8G=-X0/S9,$0YC
M<PR.20!_L+PESN)BEQ87$!B`R$=.\I*;?.0<&#5G[VQ?0^,8T1PG,MV6/8)'
MX\+A87QUFV'N\3[;C>8V9QFPB3MPLQ8\%YR#!"8@42CAJ3RXA&:RR[W,<UF;
M.2FG@-QF?$?_DZ,`G>5!GKK!JSYL3[^&)T1A$UM4XO5QUQSLFQ9[O6-=]ED+
M>!M1?+<IA%`=:'P]ZK#>>,_W&7'S:J0>0K`5GZ"Q@0DX_O&0C[SD'[\!N`=;
M[@2G^\N);0Z[(*P3LY&&3`"(<R[J',]DW[S9+7XF<BSN$4['7^EO6O3!'AT7
M#W!B3_K.O]EK\?0M3SW5.?]"WV<1^&$7_MB)GS>)06(1H:&)`LX=,N-;M?!6
MA_/>&E``3$1`$V+"RX)29OUI8K_N5R><3K;$BGDP(""\K_[0A:UZNZ-?^WES
MA5+J08M_=TAEY3=7YU=_Z;<WSU,(:9=VL+,R`8A\<:=\<P>!=(-I_P@P#R?A
M`,)2`@M'?O.'>4:G><.W>GK#?3DQ?BC3@+4W6;<W@=3W"(-C>40W@"%H?RN$
M@KG``1"0@SJX@SS8@SJ8@B!D@W:C8B^D1P$767A#A$78)84F>'2CA$4HA$?Q
M)S6A+R\H@R8DA>8`$A)`$`K@`%&"%%!8?!WHA/G&%NV1%N_G`(@3?UA80EH(
M#4:",`\0`0J@&>]W$V*X@B(4AR+3/*HP)GSG('L(@EE8A@)W%'.H#B+0`/^P
M",!&@/A7@XB(A%.X<(6B%)C0B(4H@2/DA[K@.#-D@N4PAI1XA*#5&H/3?4EA
MBA?$'@JQ.9F&BJUU-ZY805E'*1I8AYHPB_\:EXA#R(</I!*VTPRLH&[_9X2_
M:(G!:(@31!MUZ`J;(0T;R`AIP37:ADS8UD/<J#79B$S=&([BB#4M"`;F\R6]
MJ&[A`V]-"(QU<XO/J`T1D"26]GV,D''QYHY/*(P.9&J2PQ+.HT*@"#?P.$&Y
M-T/5R(129X9R4Y`3I'N<XXOYR(SOR(\?-)!OXY!]6(FI:(L6Z4$8Z38:&4(A
MV38C&80<68O-Z(D;28NWE80?V4$EN83W,Y,T63\V>9/=DY,Z23P\V9.C\Y-O
M8R\LH2A`B8_M2)$&B`D.P!:=T#H-4(Y+*)1M<XRVPH:ND)`Z24\><`!>^95@
M&99BZ94@8#A1@H'_45D*^T&"1ZF0#>0BZ_@/VR`5SG:4]&1`42)I#F`D37D*
MI+B5D6A`GR`;)T$N6GF3=PD&!5`7<.$;8@$Y]#-]8M``5SB5@<EJY/)O"X$P
MNF<XG5F9EMD'+G25V[.`;4EZEXD%7K$29X$`4J%_I^D_B9D%]="+A>$(R1*;
M_S.;'J(ONM(WEZ:;LIF:SI!'F@(2PKD_O(D%+RB5R4D_R_F<"A2=THE`U%F=
M!G2=V$E`VKF=`M2=WHF:X4E`>P$);M!OB2*1XPE`")``@N,(4<D[-8*4Z]D_
MD/,`@M,-T88Y]%F?^U,0B_DAT_@[K#8)''*@")J@"KJ@#-J@#OJ@$!JA_Q(Z
MH11:H19ZH1B:H1R2*660$.#'F9YG*_E@G/XI>]N`")Y"(]WWER7J/^LWF<[9
MHOISD(K)HC)ZHSB:HSJZHXX"%(AS.*'3.[.#%UOB;QP"FCP*-VAB$0"0)4R1
M*5"Q%\=0(J+!"4_!%$C:+>5#&(YA(Q3!$P=QGL[6.[=0`/_`$YJA$6::#&(1
M,;S#)B2:!SXA0YYB+EOA!BBQ#7_#$K&7!S-A$O^F1V(:.0@`B880H^CV"6[A
M$`4@%*>S*,!P%1\Q$AHH12L3&INH&,DB#':Q&O[`#AIX$Q)3(J%``!$0,;5I
MFX]P%M>B*IR)>!&`J&-@.XH2J^=!#I#C"G$!$/^.$*MHTIEYL!_L,"P+8A!G
M$:JQ2IG"HA:A@"E7`"!KP9Q7D3X`@`!7`0L>T:<?@T=7T`!W`*I8T`"0\"71
M0Q<7(:N0EBD*0`B0D`5G$4/'^B2'@*Y?L7!WN!!&$3RXJ1F,D``,((J@X`_Y
MX)<F2!'C$3T&T19NB`?1>A+1\2KFH@EQP:^8@BF"^"8U4Y<!L`C\V0NO4PBE
MZ9J-D*5B8)I*<0J6E@67%D/MVCR!L!J@`)L$<0CF(03>2AX?(FF3<*J@`)>5
MD#RLIFZ;L3UP>9AYD`BJ(!6&L2")<`BS8CO'P`J"03,KT1.4PAI8`+-W6`*4
M<@JTX`AF$;#'P0X1*:*MC+`(F$:E4D*(6^L'*/&LX%"7<]BH"*,C"`,,WAH*
MNEBW0%L8K&"FOQ,:!6`:;1L*.A(5CH,0PJ"XE"8`^$`?,@&L)",6<`$Q!T(N
MRB(`3KEKSB(-I-%U/8L0=W`,(*$`L(*;P_$(J6NZP1FPW_&OSTH.GS$6HP!]
MT5$*H.L'M@,7^`";?'&HNL86(G`=&ABG>^"O+I0W@]N>DML?=T2C($,'S4,R
*(M"4)#LZ00``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>u53165u5316518.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316518.gif
M1TE&.#EA(0&U`-4``$5#1"Y#FX."@O+W^^#?WP<%!J*AH>_O[V1B8]#0T+&P
ML5134VES>G-R<I*1DC4S--CH\Y:AS28D)184%6)RM!HD4(."@^7P]^#@X**A
MHO#O[WQ^@,/(S/O]_DY3:5)BI'9Z?I.2DC0[7?7Y_'>!K='0T,K0YF]V?.'N
M]K"XV>OS^<'`P,OA[____P``````````````````````````````````````
M`````````````````````````````````"'Y!```````+``````A`;4```;_
MP)90F+$8+1C,,:,1(I7'(V88:@ZOQ&,)R^URD5Q-T<+TFL_HM'K-;KO?\+A\
M")``[HE5X3Y9"`LK"7</>WA"!@4&9W4`A"MS+8!8"1*%E8^00P<.!)F>GZ"A
MHFT``E=Z0@H%?Y@MJ%@/$P^+IBT(`)"20PD%"P>[":`'")VCQL?(R6NEIZLM
MB*Q#K[L%#KH$BE?,+7<M!*8"CROA0M_CV=X"B*TM`A)=W[7?WXH&Y/$"Q?%#
M!I@"_P16]".GK*#!@VX8X=%S1X*#:$*F"4$PZY80!Q.P,'H@X9>>?PL4+!#P
MP)0>!`T*!#,@X9\N(0`:=$$@H$%'/2,GQ$0P(4^!_W\/9*)L,.%7J0-]['R;
M@%(EPJ=0HW(K!?!C30`*(K622*!`@W$%?AT(IHTJ`E]Z'ATHU@"7GE\($+1P
M"!&F3"Z=#@!ZVZ+!K!8/'+SBM;:%WD>E5N!2@(NDD,!2(TLVMBVBLV>K7DH4
M4*!SYUI<*K>4J,"O6V<"<.EZV>XOEF\+]J+&Q2W<94`$',1&G&^"`@%R4\,$
M/;FX<3B575U6I57:Y0-!AZCZ%1ITR6D.9@E_)=QWW1:\_`";T$FV$.&U!X?U
M+HD9Q6SHDQ^?3]^,0@#]"@%@VMSR$`?O7"&!`1AI9$<C!01T&4LD2:``=[@`
MZ!([X!5PH",MI?35;,.=Q/^37!(TA0LS$BP`'VWRU:>BBO;\$PX^`F353C'I
M2">C-`8D\-`5+0K@0##?:.)C`@(D$*0KV8P#$!<'M)AC"[_IJ,"1`AVR@AX.
M$!2E`_6,,Q)/`673SXIDEFGF4Q*9H0MD9[;IYINBI.D%``BLH`I9<.:IYYYI
M'$"A&2WBR>>@A!9JZ*&()JKHHHPVZNBCD$8JZ:245FII&K?<H>FFG';JZ:>@
MABKJJ*26:NJIJ*:JZJJLMNJJJ)?&*NNLM-9JZZVXYJKKKKSVZNNOP`:K3(YW
MM:$`.L(F>Y`!-,(SCF+,MN&:LM0.^U4^$YUCBCW0)O"@.@2N\-5_QQ(@02=7
M&I#_8P()J*N`MX+%6.V\;6R'26/<M!-.*5D^L\"5P#GPB[?MY-O."C1=^6P+
M?I06$KT0IV$O3`4WMJ\Z_S90YS@*U.E-G3+15B>!62X,@)(K3!OQRE<0$,P!
MU`$)GC<$C%6SGVO![#*>`0TL3<V!Y!P1NH*R;/312">M]-),-^WTTU!'+?74
M5%=M]=589ZWUUEQW[?778"?K9]AD(V"`>&1W;0]@:7O]#S?-_O?JW'37;??=
M>.>M]XYRK*TR'52Y*+B+#!1N^.&()V[X!H,W[KCC("@NN>0G/&[YXQM,KCGB
MEW<^^.:@,\"XYYY[4,'IJ*>N^NJGBT!ZW,@)@+9&Q'G!_\+MN.>N^^ZX#^#)
M!;P''SP$G@P@_/&Z?X+\\BSXGDD$`40O_?345Q\]!0>-/6?M73"/O/.0`._]
M\,6/+_PG`Z2O_OKLMZ]^!YY`;_W\UF-O7(I<F!\\^'.(KW_NQ,N$\?Z7O$7)
MCWX(O-YQ\(<%`NJ.?W+PGP,#"(D!.O!VC#I@`NEGO^(P\`H7[-WO0L@""L[!
M@A?,X`83V,')?'`()&S>"$-H0CF@T($%05<G8!<*#:ZP>BV4S`N%$$,(QD&"
M!*QA'&Y(0&5,*2=]*5H/?\C!!7(O?R0T(AR0^#\EPH&)_U,&+GZ!K6*-PH=4
ME%X0(S/$%A1QAA?TXAO`J+]D*/]&"$@10@.H<\8TUL^*:7AC)KBH/SFZ@8[F
MLR-MU`&3/WT"C7Y<HU3:*,CPD="0;4#D^))!`+>41!%7?*0?@0A(-%2R?Y<L
M'PF5X8<\!.)(QH!D&B49%4IF$8X35&4(E9&'*S2`AZ(<Y?1H"15;AE"+;R"D
M^3#)!DUZ3X7"5&,ISW!*.:@``MC,IC:WR4ULHD"7*31@-*5YOU""\):*<B;S
MH#E.8C[%F!=$YJ#4N3QV1M.="(&G`^7))WHBSY["Q.=!]$E`?LYA2I$P#$6\
MA:Q0^/-X`!VE0`U"T/\9-`[C^,,5@G.,AYY/G.,,P$0+4E']710.'DNH-TP$
M)7.>,(;_$8WD-,U0S4^<3*.&Z9@K9@<*CP8OIK.<J>W0*8J;)C0@@G"%7$;A
M4]X!E8HC%:-+B4C44,@K7\,`P"^X9(RF[NZI/XQJ,DIJOI/"P9Q3M2%,0=K.
M8R1@$SNR![.DV$;WV?6N\#-&S;K`KHZN55&RA*I>C]6`!02#)J#DXW`@YM4"
M`C:D(J5,,1!F"X&U@*O:2&NO&IL[L*Y0K&RX#`*"D8"VN,*,W-B8PE;+VM:Z
M]K6PC:UL9TO;VKZ6`S&TK6YWR]O8D@"R'Z#M&YRATR&\XXZ99>Q?$Q78L!KC
M'0DHB3K:\I#?T.X-!%``8QZ0W3I@XT:/XBSN/+M!T*Z!(%TH_])UW3#:3J@#
M78I`;:/$BT&VWO,8#1U";JKSAHP(X5_9*EBDZ,L"\K)0J&IP!@&62H"_O`U2
M!&:4"2)`X0I;^,(8IG`*$)R&C!S`06]]P(-F-.#EMJV-7%B`R_Z1(Q?U15(1
M;AL=-(L%.WE!`7P+KXG3AF(F>0&8BXJQC&NCW%5*ZEB5R(H!&C$/,O5X5T*&
MU"]K-B(D67=%3]95E!UUI`5?=@$/,,`!Y,MA86VY41D%#(VX:S`593E79V94
M1@4SA)'HT<DTAO*.&[5'%]5L1Z7%<Y%W*2E.>('.6,ZSEO?<*&`ZLLS!BG/8
MWHPK28.-TK>R]-<P;2M->XW3M?)TU_]`32M1<XW4LS+UUE`M*U5KC=6Q<C72
MLM(6F3#&3W^"]:5D;32"?248>\P(MI)++UZS[`&_6,"_WJ95`JUW7L9>F3-T
M)%VX458;JNVMMK?-[6ZO%K<D]+:XQTWNV0[7,(:1@+CFLM-G5RO:$9N%`6*1
M%00XJ*7NIA:\(38F+PQ[QH,.9]7`VS*"$[G8C+ZTHN&<\$TOO-(-__3#,QWQ
M44^\TQ4_]<5#G?%5;[S4'7_UQU,=\JSIVE+[GMK)*Y5RJ:V<4BV/VLLG%7.H
MS1S&)<?:S4MLY"'O',(YO]K/==QS&0_=435_VM'G&W2K+9U127?:TX/<]*I-
M/9U5I]K5$Q7_]:9M'5%=#U:3ELP1AL5DO_E65MB!I=YG/*(!9+DJP!%>=*GY
MEVU]"9$K:O?U0ZW]5\XP0+'RB%PZ9+O<B$_\ML$=0L4[_O&\[:]AQ*,NC9TV
M[<GZNZ^(<0`9Y<:RF)T[M+-.K^R:@7M]-Y3F?07,O6+>S*1W^<A;'7N9SS[6
MM;?Y[7>=>Z7O'N6]E_KO61Y\KP\?YL5G6NH+M?JC+9]0S3?:\^>9_*5-OY_5
M5]KU]S2";GK_^T->;/@]/G[R)\U/2WY$)_.1W_%O'U%%FH6*.](`=3W:Z,>?
M%0%^&1A?+"`[*T``/.5^^2<K`#$!-=%)&O,(`5)^XG<T_W!'#6`-_RO5`G?G
M@.]G*$'B%WN4`'U@)+3A@`>'-&1F)2+X@$=C)%W0)%DC%F2A/6/C>L1V@M6"
M#:XP1F;C!SDH8#-(@\JB8C=X6:809D/8#@V5@3[8)OYU1\Q&$]:&6G0">5(X
MA518A5;H>&O@#'?4+T3(-H5W$8)QA6(XAF18AE>X!DLX1J7@!VNX=TG(,J-E
M&"^("=HC=V]8>@:'%SEVA_2B6#_FAWP8B((XB(18B+^B&)T!`)U`"(J8"I5@
M:Q-0#=RP!Y'@&7#R&]AR`(PD'=B2&UGAB=(!B&T0#S+R#WST#3+B;.#1=H$P
M!TVB#GR$4&`H!$1"6FT7$)"@)/K`#K^Q0_\.D!6;D!5*TGYG8`=7\@"S4`J2
MV`X+@`"KH&P",`$L@0B_D1(%.`H&L#$A80\/@"<HH8/9B##AV`X(((IKD`!F
M(RX"@'Z@T0#;X8ZF@!5^T$E2Q`9C)AAGDQ<3@`F"QU+RR`TB\1C$N`;AN`(/
MDV8345BV$([J@`#?DF4&L(^IL`J_L(PUPQRC40`641*888[UT4GZM50^@@49
ML0I@L7<@.0=F,P1+12184"0W=3+@,!=`I@;9R`_K>`?L8)`9%0XSN8ERT(@?
MXX8DF5`GF6:&52_G,I$3L91XU`T9N9&F<!9O\H6TT8U7$)`F&1L[U0@<&0=&
MI2^4@"P',"*/L(__X,`3`#"`;/!@-^B0(N9+`T&.X(`(C7!_:1""^8*0J>`'
M6[F5WE""9Z`3!-!)LZ`*[!"-1A$3B2"-@*`*-4D?!P"$SR`3=HB.0M`1]J"9
MJ;$"PR`'#R:`U+%4>E1O4Z*(<E$GN/!+&(4V"!"&<7D(IN!EQ)":"54:<@!@
ME4F4Y;!4G,F9</,&"1`;%C(EGD$;UM`9/U(';_<`?N``@KDBPPD2[(*`Z`"-
MN:%LV:EBBN&$<:")-&$BP_DPJ?!)`O@P9[%'S<B6;"!XP+%'C50.03&5"R`4
M]4F.Y`D'Z$B=O,DP([&=V746;Z67;L`2?8!KK>@-"B,6-.*1;A*13R(9%)V4
44I+1%K(8&2L@C?5H$(59'T$``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>u53165u5316519.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u53165u5316519.gif
M1TE&.#EA(0'``-4``$5#1(."@@<%!N#?W]#0T._O[_+W^W-R<K&PL:*AH513
M4V1B8R8D)9*1DC@\0#4S-!84%=CH\Y:AS1HD4'9Z?N7P]_7Y_$%!0W1R<["X
MV8."@\/(S.#@X#0[77E\?_O]_OC[_7Q^@#X_0D5$1#L]0<'`P<OA[\'`P/__
M_P``````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!```````+``````A`<````;_
M0)3P)"@*`"B`42$,()7&(E*X8`JO6%0#(F"<LN"P>(PB9@5?LAI++$("Z[A\
M#G:"3PJN8#$(`^!T@8*#:D0GAP1)"R<(#`LH=@2'"P^(5UQI80,""2<!@'1_
M=&98:&$)#$(%<H8G#0)]=)NQA(%V;!`*G0@/#XFJ0J*UP\1SI%?"=K=-4U<-
M#P!6842K*+1S`]6L`F>96`6)!(]QQZ:!WL5KRT(,"MH##U8':<+I]O=#:)8`
MBP@"#9":!<S"H$$"`=46C+L$@-:``UWZ.(%XP`N[!'8*0#0U8($`!=>."3$5
MK0A`(@,8%`DP0`F?:=Q0$!!`X&%$2`]4ND/A$<`7_U,%`A1)L(J?R@/67%X[
M^"^8@I5""*AD('#3KRL'46SD%DU)@B%*`JP2T(C!57QH[T1Y8L3LP"OK9B9R
M)*0!P&]AA2B`TP@2P@&>D"1X$!2)`B0%OB@`&$!:F9A72")YEIC;K0`/9)Z]
MTD8*BKUE4@6`4&``!`34`*,P=3@I$P`,*@?-3.`LT0(TDR#Q!\[4.I'Y1M(#
M(%MJ'P``!61&H"VM\^!8A&U"L&Z=2@"P(:AY]54Y=IK+9C'X:L?<8^P/M'.&
M+#P)('V6ITAUG*75+^]*"-SZ4X#!@UCP78&`=L*@,9\8KWQ18&#,8&%5%EFM
M1L][GD"`73L2/J<A&^RYA__,)P*%)\`!GXSV%1BT'("$``$<<D)A6*@(RT!D
MK=?)(5C,Y%!N"YH1W@$0;`9=9"T>`J.'!30PGH0H"3&@AQD^%&2,BY!$X64"
MH=!.<_RT!R4:`7AAB7D;/M<*COP<,B!&(393$19AHH```FS,P\LCT1S2@'Y5
MC=A@GK45D*<G62CP`&H(M/;E(99EEL"<6HJ50$@=#KKG?@$0P-P"*[X836D*
MO$8AI`R`(B%N=/8(@419GI`+HH;>AP!@JMZ8'#IEHM59$4D8D<M;#:*`VV:G
MA>K@4T<@(\4`ZV@9BQTMF63-`P+\6B@7UBYJ1DK*H:+<``2\P2$84#2$*0'4
M,D#_)T?4?G0<A=[^A\53V2TJIQY9EI%'M2\U46T""\HY%1QDYFKPP0C;$\")
M"3?L\,,01XQ68A)7;/'%&&>L\<8<=^SQQR"'+/+())=L\LDHIZSRRBRW[+(]
MV,4L\\PTUVSSS3CGK//.//?L\\]`!RWTT$07O;,&+B:M]-),-^WTTU!'+?74
M5%=M]=589ZWUUEQ3S<'+8(<M]MADEVWVV6BGC59-S<E!0-MJQSVV:F1\]4<"
M#)/3K]Q\SRU)+.#6]L6[)_11FTR%)T;+X0><*(DU,EGS-F`%)`9WWYAK',`!
M@C8Q9P+SP/&')XQXDMD#"\?2P"&@?U7`I`V(KE5B8I'X_W;FN'/\21)-N-BB
MZ+^S-!!QH%-!N+Z%RP['">0EF7?NT$N,MU9")%`;`=9_U3CVS+:(5.B`>,*2
M]4VTB!$3)W[220!T1N_^^_#'+__\]-=O__WXYZ___OSW[___``R@``=(P`(:
M\(`(3*`"%\C`!CKP@1",H`0G2,$*6O""&,R@!C?(P0YZ\(,@Y%N+A'"`0VGE
M`7<)801'6#PO("5?*F3@"'?'#S@([PXWZIH.=\C#'OKPAT#\(1UF*#H20>)R
MF`FB$I?(Q"8Z\8E,&^(7Q&$:GH1+#,V*H0`+-P2QE.&&=8"A%B68Q3&248QF
M?&`9TZA&-+)1AFY\HP+7*,<%TO^QC@F\(QX/J,<]?NP:'NNC'SFF`*2$3)#]
M(X`AX9>HD2%R?P7@E/P4L(`#"&ECC]3?`AH0Q[Y-82&!["3_E)0>^06@"BD,
MI0)/($J^G>"2F&PE_Q0YR&#5THZRO&7_,JE+^)W25'#*92_==X(78E&8PWQ.
M!B3`S&8Z\YG09&8&<K4[,,*I5"7*IC:WR<UN>O.;X`RG.,?Y30]0X)SH3*<Z
MUWG.$)#SG?",YS<[,(%ZVO.>^,QG/3L@3EC*H9I8M%#.2."`@AKTH`A-:$%%
M8#0`7$"A$(UH0R?:T(=&]*('O0!%-VJS]M5"`5<,0Q\C8(*2FO2D*$UI22N0
M#@.H]*7_,!6;2V%*TY,:P)76#.8:2%K3FK*T&#/M*4W%9H$(&/6H2$VJ4H]J
M@?B-5*@T_2DQ@@I5E29S0T^MJDJE.@RJ:O6D5]505K]Z4J[6PJMD-4':5@$.
M54Q1?V--JPG,2@BTDA5MC"@#$@:@``0T))7UBVM:Z3H(NWX5;2#1JQ;@D)D#
M`')^?;2``29+V<I:]K*3!4%+Y0K6LZF'E9`0';,\&EAD0LRP6D5;3$`;.Q1D
M9G?WXV7$4%M5M'T6,7]@P@AC:]J'T1:J:%M`(MHJK#1P#G^R%0)@V&<-YI(6
M'[\5*MH&\%P!51>RIFT`N/"@$3NLSCG1[>E:Q>!/IYHV%<):_TBFJ)>6\-8T
MK,^1+6BU@M[.S:Z]G#4I?)TCWV:LMW'!P!50\UO2_:9%MBW12A7DA#KM@9?`
M:C4P/I*;&<`8#A',>C"!)3QAT](-#([5<'XY?(_D^A;")%98;QWFWJ&F6+ET
M`JU&C'B`&N<U"R9F,8I?;$7%MK"8O-N)3D?6XICR&+V@I>$";,@L=.2X845^
M*8]7`Y;0NL>&5H93):"XM0U`F,M@#G.8X[#:O2K@!*G0A6B>^^2$1=FJ/$[L
M`$[DB55XH@^)';+(WIS2*=^8#$$)(\GXC-(I"VL-EVPSP@C=64,/0M$'8[1^
M'?WH%4-YQY2VA:7=C.E,SP'2!I-T@?\]/<1-+[K3I%:'J2.-ZE23`=2Y$G6$
M7:WJ0;>:UB)==:AOC6L<ZSK6O.XU7'Y=)ED+^]7$WI"QCWU,6V^8V;EV]HBA
M+6@B!_O8L"[VM86=;65O.ZRO_!0*0/<%T*%&2-W6T+)?;"=(S.D1JWI$*D!I
MRY"M.\69J1YUBFA#C3@YV>K^=C(A0Q@:&E$L`0!L$L5\-2\3F.$0C[@0UQ"3
M192!#PSH"+H@\;QT/^?>)"8,`?8"AP98O`%][;&>[2WP83XJ#O0&%LN?S>/R
MU@5N'A<Q9ZE=[3VWW-4YQR_->5YOD(&<YT%'R]&IG73H_CS53;_'TJ$==7M,
MG=E5W^S0B9[_]0%O'>D`__C32=WUJ8[=TV7OZMDSG?:SKIW2;:_KVQT=]T%\
M`+-XSSO15[YWN=6][\5`#0`(HX5*%!X!>^HYX$LVCR$\"BFK0DJ:%;_XD2$9
M)$IF<N/Y7OF0Q>0A^T["P8.B\"U+_/2H3[WJE49FF0S`("?`N,9?V_&P=_XY
MQ/&K%3C9!TY^0;B^5AD"1FX*(R0"`8X%+(]?OH9%#CME09%$`?(]_:20T.8&
M?NP=<&[[,NT6'M63_`*^DN'._WT8/B'A%R(I'.;2I^_GKT7ZD1]^(:QJ83RY
M??P)P0B^8H<`B9<4<)``RK=W^T<(,1<&0E9Y!S@(V:`&Q&5^W7=[_QG3@!0H
M5A-X@19C@1IX8!G8@1'#@2!88A\X@@XC@B98#"B8@L.P@BQ(""[X@H(0@R/8
M/M1Q0G120@V`&I0G@Q)C<7RU,)('9(;1@SX(,:G`5^(C.DL&"0_Q;T=X,=R0
M``KQ!_QV1`D'(?.P>ES8A5[H1*W7152D'<*E'?@7A1Q#'%'Q%7ZU"GZ%9]B'
MA@[#/''@?'*8,=I7'Y=SAWS8AWY(=`2`';$`,-=P2L_R$H&8*C'C,8!Q%8=S
M!1]6$\IU%7M(!W\3%2^2(U>1"9D(#,.0&.A`B9T(+FYU!94X!Y>H7-?PB*X7
M%7W@(GDH!SFQ.1`P#Q!`+;^`9@Q`AE31$/][``&L!``6TC$(L&2;4P!^)2])
M84+%!%*Q!U+CEH!T8'*;4W*PI5>&5TE(H8W"<F;#T!$D`GQRT@R<P@3/^#:%
M!!"!>(IK0(U&E&78^`4-<`!\@'Q\@!T0\#QTD`#`6!>GP1SF`"[^@`+YZ`\#
M*0JFH8\6TQ_.,"E?I%S!D'^>\`C,,G+$T$CJ9SQ#<'$99B[Y=P#710>^H%Q,
M$(C-H"`=T5P8H261)&!S@)%:\077^`6QIR7C%B<KF7^UL`ZF<!!G\2;P(11)
MP`22Q#&$<@7H]5U7H!^\\QE3T`Y4P8ZO!@IX$"E9$#N$DG`V!!'(,0SL`0`)
M<&990B#LH&06$I+_<3"3N@5,K<4->."6Z%.`<W`0[0,D;U.+#M(4;^`/*($Z
MJR&7%9-@RD61^8:411$L3O`BZ#4(5(@5AI1GUF".-I25H`5@A)!Q2(D1"["8
M[M:4)7)EKA6+:M"8]7>-D3D27^26<!`;Q$`OU`(0UV%(IF$A&,$ON*$2S((0
M'D,BC)!Q!:`+F<";K^,$"``Z"X!\!V!RM1!)J\-)6D&%VK`8"O(,28!R\.!7
M<2@&Q2AX[3-?>E4XQCDK*-17?<69@<"<KC`%IBF=/-$8XG-FB%<,R/@4X]$]
M9VB?Y:9=,C%"C_,Q``.,X/"9PE(BV6`0PD*`PF(74@EHI%03L7,5]KF?/X:S
M7J1##+''(H##,!C1(J]S%]3AANNUG`WZBID0H:]')TD28Z))!TFB"VFC`2/P
2-16#`>_G,"60<C-:HYD3!``[
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
