28.05.2007 18:00:00 CET

TOUAX streamlines its organization to support and drive its growth

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PRESS RELEASE

Paris, 28 May, 2007 - 6pm YOUR OPERATIONAL LEASING SOLUTION

TOUAX streamlines its organization to support and drive its growth.

The TOUAX Group offers its shipping container, modular building, river barge and railcars operational leasing services to a global client base on its own behalf and for investors.

Its four divisions are driven by sustained structural growth:

- The Shipping Containers division benefits from continued growth in global trade,

- The Modular Buildings division satisfies the need for flexibility in the building industry,

- The River Barges division offers an environmentally-friendly means of shipping goods,

- The Railcars division is driven by the deregulation of European rail transport.

Against this background, Touax plans to streamline its organization by spinning off its operational activities into subsidiaries with the goal of carrying on the transferred activities via dedicated subsidiaries. This new organization will make it possible to optimize the operation and financing of each division and thereby better support their growth.

The planned transaction represents an internal reorganization of the TOUAX Group in France and will have no impact on its consolidated financial statements.

As a result, on 28 May, 2007 TOUAX SCA together with its wholly-owned subsidiaries Touax Container Services SAS, Touax Solutions Modulaires SAS, Touax River Barges SAS and Touax Corporate SAS, put together four planned asset contributions under the terms of which TOUAX SCA would transfer its full independent divisions covering its French business activities respectively in shipping containers, modular buildings, river barges and support services. The breakdown of these plans is set out in the appendixes.

The Railcars leasing business had already been spun off in 2002 with the establishment of the Touax Rail Ltd. subsidiary.

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