CNP Assurances to Carry out Four-for-one Stock Split

News provided by

CNP Assurances

Jul 02, 2010, 12:24 ET

PARIS, July 2, 2010 /PRNewswire-FirstCall/ -- At CNP Assurances's Annual General Meeting, which was held on 25 May 2010, shareholders approved the tenth resolution authorising a four-for-one stock split.

The split will make the CNP Assurances share, whose price has risen by 132% since the initial public offering in October 1998, more affordable to individual investors and other new shareholders, while also enhancing its liquidity.

The transaction will be carried out at the close of trading on Monday, 5 July 2010 with effect from the morning of Tuesday, 6 July 2010. From that date, the number of shares held by shareholders will be multiplied by four, and the share price will be divided by four accordingly. As a result, portfolio values will not be affected.

This transaction will be carried out at no cost to CNP Assurances shareholders, without any formalities or loss of rights. As of Tuesday morning, 6 July, the Company's capital will be comprised of 594,151,292 ordinary shares with a par value of EUR1 each.

This financial press release is available for consultation, in French and English on the CNP Assurances web site, http://www.cnp.fr.

Disclaimer:

Some of the statements contained in this press release may be forward-looking statements referring to projections, future events, trends or objectives which, by their very nature, involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in such statements by reason of factors such as changes in general economic conditions and conditions in the financial markets, legal or regulatory decisions or changes, changes in the frequency and amount of insured claims, particularly as a result of changes in mortality and morbidity rates, changes in surrender rates, interest rates, foreign exchange rates, the competitive environment, the policies of foreign central banks or governments, legal proceedings, the effects of acquisitions and the integration of newly-acquired businesses, and general factors affecting competition.

Further information regarding factors which may cause results to differ materially from those projected in forward-looking statements is included in CNP Assurances' filings with the Autorite des Marches Financiers. CNP Assurances does not undertake to update any forward-looking statements presented herein to take into account any new information, future event or other factors.

    Investor and Analyst Relations
    Jim Root
    Phone: +33-(0)1-42-18-71-89

    Jean-Yves Icole
    Phone: +33-(0)1-42-18-94-93
    E-mail: [email protected]

    Press Relations
    Tamara Bernard
    Phone: +33-(0)1-42-18-86-19
    E-mail: [email protected]

SOURCE CNP Assurances

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