04.02.2008 19:14:00 CET

TOUAX : TURNOVER 2007

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TOUAX continues to improve its performance with consolidated 2007 revenues up +10% to €278.2 million (+17% on a like-for-like basis and at constant dollars).

Revenues by type                      
(Unaudited consolidated figures, in € thousands)  Q1 2007  Q2 2007  Q3 2007  Q4 2007  TOTAL  Q1 2006  Q2 2006  Q3 2006  Q4 2006  TOTAL  
Leasing revenues  38 144  40 680  44 999  46 468  170 291  35 483  36 606  40 014  38 458  150 561  
Sales of equipment and sundry items  6 026  46 069  18 906  36 873  107 874  2 436  48 324  20 547  31 263  102 570  
Consolidated revenues  44 170  86 749  63 905  83 341  278 165  37 919  84 930  60 561  69 721  253 131  
           
Revenues by business segment            
(Unaudited consolidated figures, in € thousands)  Q1 2007  Q2 2007  Q3 2007  Q4 2007  TOTAL  Q1 2006  Q2 2006  Q3 2006  Q4 2006  TOTAL  
Leasing revenues  17 375  18 177  19 945  19 103  74 600  14 201  13 430  16 528  16 990  61 149  
Sales of equipment and sundry items  12  32 745  13 925  12 332  59 014  739  22 345  17 527  18 510  59 121  
Shipping containers  17 387  50 922  33 870  31 435  133 614  14 940  35 775  34 055  35 500  120 270  
Leasing revenues  11 055  12 046  14 749  14 814  52 664  9 341  9 932  11 719  11 702  42 694  
Sales of equipment and sundry items  1 593  3 891  2 912  4 332  12 728  1 315  2 149  3 256  3 566  10 286  
Modular buildings  12 648  15 937  17 661  19 146  65 392  10 656  12 081  14 975  15 268  52 980  
Leasing revenues  5 269  5 341  4 518  5 658  20 786  8 621  9 140  7 530  5 412  30 703  
Sales of equipment and sundry items  46    61  107      0  
River barges  5 315  5 341  4 518  5 658  20 893  8 621  9 140  7 530  5 412  30 703  
Leasing revenues  4 445  5 115  5 787  6 894  22 241  3 320  4 104  4 237  4 354  16 015  
Sales of equipment and sundry items  4 375  9 434  2 069  20 147  36 025  382  23 830  -236  9 187  33 163  
Railcars, sundry items and intersegment eliminations  8 820  14 549  7 856  7 856  58 266  3 702  27 934  4 001  13 541  49 178  
Consolidated revenues  44 170  86 749  63 905  64 095  278 165  37 919  84 930  60 561  69 721  253 131  

Consolidated revenues in 2007 amounted to €278.2, up 10% on 2006 (17% on a like-for-like basis and at constant dollars). Leasing revenues rose 13% and sales revenues 5%.

The Shipping Containers division is benefiting from growth in inter-Asian trade and the opening up of new markets such as India. Growth in trade should continue in 2008 (+9%). By expanding its leasing assets, the division was able to positively meet demand and accordingly saw steady growth in revenues of +22% in 2007 compared to +13.6% in 2006. Sales revenues were flat.

The diversification of the Modular Buildings division into modular-building construction has enabled the Group to become market leader in Eastern Europe. The resulting increase in supply meets the structural needs of this part of Europe. Revenues have grown accordingly: +23.3%.

Following the disposal of a non-core charter services company towards the end of 2006 in order to focus its activities on high-potential rivers, the River Barges division saw a 32.5% fall off in revenues without any negative impact on 2007 results. The tightening of European regulations, the rise in the Eastern-European economies and the surge in the export of agricultural products and iron-ore in Latin America should enable the Group to gain market share and grow the division.

The deregulation of rail freight and trade liberalisation in Europe make rail transport a key mode of long-distance transport. The Community of European Railway and Infrastructure Companies (CER) confirms that European rail traffic should rise by +50% by 2015. The Railcars division is also benefiting from the need to renew the existing rolling stock (30 years old on average). This economic background makes it possible for the Railcars division to reaffirm its positioning in the leasing market by growing its leasing revenues by 38.5%.

PRESS RELEASE Paris, 4 February 2008 - 6pm

The Touax Group reaffirms the very positive outlook for 2008 as well as improved results.

The Group will announce more specific targets for 2008 when it publishes its 2007 results on 25 March 2008. 2007 results are expected to be up over 40% on 2006.

The TOUAX Group provides operational leasing of shipping containers, modular buildings, river barges and freight railcars for a global customer base, both for its own account and on behalf of investors.

TOUAX is listed in Paris on NYSE EURONEXT - Euronext Paris Compartment B (ISIN code FR0000033003).

Contacts:

TOUAX Fabrice & Raphaël WALEWSKI Managers touax@touax.com www.touax.com Tel: +33 (0)1 46 96 18 00

ACTUS FINANCE Samuel BEAUPAIN sbeaupain@actus.fr www.actus.fr Tel: +33 (0)1 53 67 36 49