Eiffage S.A.

Earnings Release • Jan 21, 2016

Vélizy, 21st January 2016

Press release

APRR turnover and traffic for the year 2015 and the 4th quarter 2015

12 months to 31 December 2015

Consolidated revenue

in millions of euro	At 31/12/2014	At 31/12/2015	% change
Toll revenues	2,081.5	2,145.6	+ 3.1 %
Revenue from retail facilities, telecommunications and other	67.7	68.2	+ 0.7 %
Revenue excluding Construction	2,149.2	2,213.8	+ 3.0 %
Construction revenue (IFRIC 12)*	261.1	165.3	nm

Excluding Construction, APRR's consolidated revenue totalled € 2,213.8 million for the 12 months to 31st December 2015, an increase of 3.0% from €2,149.2 million for the 12 months to 31st December 2014.

Traffic

in millions of kilometres	Total network
travelled	At 31/12/2014	At 31/12/2015	% change
Light vehicles (LV)	18,423	18,906	+ 2.6 %
Heavy goods vehicles (HGV)	3,237	3,330	+ 2.9 %
Total	21,660	22,236	+ 2.7 %

Overall traffic measured by the number of kilometres travelled increased by 2.7% for the 12 months to 31st December 2015 compared to the corresponding period in 2014.

Light vehicle traffic was up 2.6% and heavy goods vehicle traffic was up 2.9 % in 2015 compared to the corresponding period in 2014.

4 th quarter 2015

Consolidated revenue

in millions of euro	Q4 2014	Q4 2015	% change
Toll revenues	486.4	503.8	+ 3.6 %
Revenue from retail facilities,	18.1	17.3	- 4.6 %
telecommunications and other
Revenue excluding Construction	504.5	521.1	+ 3.3 %
Construction revenue (IFRIC 12)*	71.8	58.9	nm

Excluding Construction, APRR's consolidated revenue totalled € 521.1 million in the fourth quarter of 2015, an increase of 3.3% from €504.5 million in the fourth quarter of 2014.

Traffic

in millions of kilometres	Total network
travelled	Q4 2014	Q4 2015	% change
Light vehicles (LV)	4,125	4,236	+ 2.7 %
Heavy goods vehicles (HGV)	810	844	+ 4.1 %
Total	4,935	5,080	+ 2.9 %

Overall traffic measured by the number of kilometres travelled increased by 2.9 % during the fourth quarter of 2015 compared to the same period last year.

Light vehicle traffic for the fourth quarter of 2015 was up 2.7% and heavy goods vehicle traffic increased by 4.1% during the quarter compared to the corresponding period in 2014.

Financing

On 28th October and 10th November 2015, APRR issued two new bonds amounting to €1.0 billion, at historically low rates: €500 million of bonds for eight years, maturing in January 2024 at an annual coupon of 1.5%, and €500 million of floating rate notes for four years, maturing in January 2020, with a margin of 0.7% to euribor 3 months.

APRR also raised in December 2015 a new tranche of floating rate debt over euribor 6 months from the EIB for €105 million for seven years (maturing in December 2022) with a margin of 0.44%.

APRR and Eiffarie have exercised a one year extension option of their respective banking facilities, extending the final maturities to February 2021.

(*) Reminder: the application of IFRIC 12 from 1 January 2009 requires the recognition of revenue generated by construction activities, which corresponds to infrastructure construction services performed by the concession operator for the account of the concession grantor, this work being entrusted to third parties and recognised using the percentage of completion method.

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Investor relations Xavier Ombrédanne Tel: + 33(0) 1 71 59 10 56 E-mail : xavier.ombredanne@eiffage.com Press contact Sophie Mairé Tel. : + 33 (0)1 71 59 10 63 E mail : sophie.maire@eiffage.com