30.03.2006 17:45:00 CET

TOUAX : Net attributable income exceeds forecasts: + 28.5% in 2005 / Dividend per share (*): E0.70, up 16.7%

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Paris, 30 March 2006, 5.45pm

(1) The EBITDA (earnings before interest, taxes, depreciation and amortization) calculated by the Group corresponds to the operating income as defined by the CNC plus amortization and depreciation charges and transfers to provisions in respect of fixed assets.

(2) The operating income after distribution to investors corresponds to the operating income as defined by the CNC.

(*) Subject to approval by the General Meeting of 28 June 2006.

The Touax Group is pursuing its growth in the operational leasing of shipping containers, modular buildings, river barges and freight railcars, supported by a trend towards outsourcing among its customers. Consolidated revenues amounted to €222 million as of 31 December 2005, representing a rise of 23%, and net attributable income increased to €4.1 million, a rise of 28.5%. The Group, which is firmly focused on international operations (90% of its revenues are generated outside France), is benefiting from the performance of the global economy (+3% in 2005) and from the constant growth in the volume of international trade (+7% in 2005 - source UN).

The shipping container leasing business recorded a rise in revenues (+10.5%) resulting from a 10.2% increase in the size of the fleet, which comprises 288,904 TEU (twenty-foot equivalent container units). It continues to benefit from the increase in global trade, in spite of a slowdown in demand which was observed in China from April 2005 but reversed in February 2006. The utilization rates stand at 95.2%, identical to 2004.

The modular buildings business has confirmed its recovery with an accumulated rise of 22% over the year, generated by a strong rise in equipment sales (+46%) and an increase in leasing revenues (+17%). Growth was buoyant in the USA (Florida, Georgia), Poland and Spain. TOUAX continues to develop its business with industrial companies and local authorities.

The river barges business improved its profitability. River barges benefited from sustained activity on the Mississippi and the Danube.

The liberalization of rail freight in Europe is has created a positive environment for the railcar leasing business to continue its growth with new investments. The Group had 3,091 railcars under management at the end of 2005, a rise of over 25% compared to 2004.

The global economy provides favorable prospects for the Touax businesses in 2006. The recent capital increase (November 2005) has enabled the Group to increase its owned assets, finance growth and acquire 100% of the railcar leasing business (Touax Rail Ltd). These investments will have a significant positive impact, with net income expected to rise by more than 30% in 2006.

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In order to take advantage of the Dutreuil Law, Messrs Alexandre, Fabrice and Raphaël Walewski have announced the signing of a shareholder agreement dated 16 March 2006. Under the terms of this agreement, the signatories have undertaken to hold for an initial period of two years 1,203,258 shares representing 30.97% of the capital and 45.26% of the voting rights of the company. The undertaking will thereafter be extended automatically for successive periods of one month.

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TOUAX is listed on the Paris stock exchange (Eurolist Compartment C - ISIN code FR0000033003) and is part of the Next Prime quality segment of EURONEXT.

Contacts:

TOUAX

Fabrice WALEWSKI / Raphaël WALEWSKI

General Managers

touax@touax.com

Tel: 01 46 96 18 00

ACTUS FINANCE

Sébastien BERRET

sberret@actus.fr

Tel: 01 53 67 36 52