Viel & Cie

Earnings Release • May 13, 2011

Press release

Consolidated revenue in Q1 2011: €243.5m (+8.2% at current rates)

VIEL & Cie reported consolidated revenue from its operating subsidiaries for the first quarter of 2011 of €243.5m, compared with €225.0m for the equivalent period in 2010, an increase of 8.2% at current exchange rates, or 4.4% at constant exchange rates.

Consolidated revenue by business segment was as follows:

€m	2011	2010
Interdealer broking	235.1	218.3
Online trading	8.4	6.7
Consolidated revenue	243.5	225.0

The level of activity was higher in our online trading segment, with revenue up by 25.2% on the same period last year; in our interdealer broking arm, activity was higher, with revenue up 7.7% at current exchange rates or 3.8% at constant exchange rates.

In terms of geographic spread, the United Kingdom and the Americas are still the Group's major areas of activity, contributing 34.8% and 28.5% of consolidated revenue respectively, against 36.6% and 28.0% in 2010. Asia accounted for 23.3% of consolidated revenue, compared with 22.6% in 2010, while Continental Europe accounted for 13.3% against 12.9% a year ago.

The Group's financial situation has not changed significantly since the publication of its 2010 financial statements.

VIEL & Cie comprises three core businesses in the financial sector: Compagnie Financière Tradition, an interdealer broker with a presence in 27 countries, Bourse Direct, a major player in the online trading sector in France, and a 40% equity accounted stake in SwissLife Banque, present in the private banking sector in France.

VIEL & Cie shares (codes: FR0000050049, VIL) are listed in Compartment B of NYSE Euronext Paris. For more information on our Group, please visit our website at www.viel.com.

Paris, 13 May 2011

Contacts:

VIEL & Cie Virginie de Vichet Director of Communications T : + 331 56 43 70 20

Image 7 Priscille Reneaume T : + 331 53 70 74 93