Compagnie de Saint-Gobain

Capital/Financing Update • May 31, 2012

FINAL TERMS

31 May 2012

Compagnie de Saint-Gobain

ISSUE OF EUR 15,000,000 4.00% Notes due 4 June 2032 (the "Notes")

under the EUR 12,000,000,000 Medium Term Note Programme

The Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that any offer of Notes in any Member State of the EEA which has implemented the Prospectus Directive (the "Prospectus Directive") (each, a "Relevant Member State") will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a prospectus for offers of the Notes. Accordingly any person making or intending to make an offer in that Relevant Member State of the Notes may only do so in circumstances in which no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer. Neither the Issuer nor any Dealer has authorised, nor do they authorise, the making of any offer of Notes in any other circumstances.

For the purposes of this provision, the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression "2010 PD Amending Directive" means Directive 2010/73/EU.

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the prospectus dated 20 July 2011, the Prospectus Supplement No. 1 dated 10 August 2011 and the Prospectus Supplement No. 2 dated 2 March 2012 (together, the "Prospectus") which constitute a prospectus for the purposes of the Prospectus Directive. This document constitutes the final terms of the Notes (the "Final Terms") described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Prospectus.

THE NOTES CONSTITUTE OBLIGATIONS WITHIN THE MEANING OF ARTICLE L.213-5 OF THE FRENCH CODE MONETAIRE ET FINANCIER.

1.	Issuer	Compagnie de Saint-Gobain
2.	Series Number: $\left( i\right)$ (ii) Tranche Number:	16
3.	Specified Currency or Currencies:	EUR
4.	Aggregate Nominal Amount of Notes admitted to trading Series: $\left( i\right)$ (i) Tranche:	EUR 15,000,000 EUR 15,000,000
5.	Issue Price:	99.729 per cent. of the Aggregate Nominal Amount.

6.	(i)	Specified Denominations:	EUR 100,000 and higher integral multiples of EUR 1,000 in excess thereof
	(ii)	Calculation Amount:	EUR 1,000
7.	(i)	Issue Date:	4 June 2012
	(ii)	Interest Commencement Date:	4 June 2012
8.	Maturity Date:		4 June 2032
9.	Interest Basis:		4.00 per cent. Fixed Rate.
10.	Redemption/Payment Basis:		Redemption at par
11.	Change of Interest Basis or Redemption/Payment Basis:		Not Applicable
12.	Put Options:		Not Applicable. For the avoidance of doubt only, Change of Control Put Event applicable (see Condition 9 (Change of Control)).
		Call Options:	Not Applicable
13.	(i)	Status of the Notes:	Senior Unsecured
	(ii) Relevant corporate authorisation(s) required for issuance of Notes:		Board Authorisation and Decision to Issue by duly authorised officer
	(iii)	Date(s) of relevant corporate authorizations for issuance of Notes:	16 February 2012 (Board Authorisation); 15 May 2012 (Decision to Issue)
14.		Method of distribution:	Non-Syndicated
		PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.	(i)	Fixed Rate Note Provisions: Rate(s) of Interest:	Applicable 4.00 per cent. per annum payable annually in arrear
	(ii)	Interest Payment Date(s):	4 June in each year in each case adjusted in accordance with the Following Business Day Convention
	(iii) (iv) (v) (vi) (vii)	Fixed Coupon Amount(s): Broken Amount(s): Day Count Fraction: Determination Date(s): Other terms relating to the method of calculating interest for Fixed Rate	EUR 40 per Calculation Amount Not Applicable Act/Act, ICMA, Unadjusted 4 June in each year
16.		Notes:	Not Applicable
17.	Floating Rate Note Provisions:		Not Applicable
18.	Zero Coupon Note Provisions:		Not Applicable
	Index-Linked Interest Note/other variable- linked interest Note Provisions:		Not Applicable
19.	Dual Currency Interest Note Provisions:		Not Applicable
		PROVISIONS RELATING TO REDEMPTION
20. 21.		Call Option: Put Option:	Not Applicable
			Not Applicable. For the avoidance of doubt

$\bar{z}$ $\frac{1}{4}$

$\hat{\mathcal{L}}$

LONDON:486084.5 DRAFT 05/30/12 3:04PM

• 1. Final Redemption Amount of each Note:
• $23₁$ Early Redemption Amount of each Note payable on redemption for taxation reasons or on event of default and/or the method of calculating the same (if required or if different from that set out in the Condition):

GENERAL PROVISIONS APPLICABLE TO THE NOTES

1. Form of Notes:

Bearer Notes

Temporary Bearer Global Note exchangeable for a Permanent Bearer Global Note which is exchangeable for Definitive Notes only upon an Exchange Event

• 1. Financial Centre(s) or other special provisions relating to Payment Days:
• 1. Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):
• 1. Details relating to Partly Paid Notes: amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences of failure to pay. including any right of the Issuer to forfeit the Notes and interest due on late payment:
• 1. Details relating to Instalment Notes
• 1. Redenomination, renominalisation and reconventioning provisions:
• 1. Applicable tax regime:
• 1. Other final terms:

DISTRIBUTION

• 1. (i) If syndicated, names of Managers: (ii) Stabilising Manager (if any):
• 1. If non-syndicated, name of Dealer:
• 1. Additional selling restrictions:

$No$

TARGET2

• Not Applicable Not Applicable Not Applicable Condition 10 (Taxation) applies Not Applicable Not Applicable Not Applicable
• BNP Paribas Not Applicable

LISTING AND ADMISSION TO TRADING APPLICATION

These Final Terms comprise the final terms required to list and have admitted to trading the issue of Notes described herein pursuant to the EUR 12,000,000,000 Medium Term Note Programme of Compagnie de Saint-Gobain.

EUR 1,000 per Calculation Amount

EUR 1,000 per Calculation Amount

only, Change of Control Put Event applicable (see Condition 9 (Change of Control)).

RESPONSIBILITY

The Issuer accepts responsibility for the information contained in these Final Terms. The Issuer confirms that such information has been accurately reproduced and that, so far as it is aware, no facts have been omitted which would render the reproduced information inaccurate or misleading.

Signed on behalf of the Issuer:

By: HOLDERITH Name: Frangois Xavier

Duly authorised officer

PART B - OTHER INFORMATION

$1.$ LISTING

(i) Listing: (ii) Admission to trading:

London

Application has been made for the Notes to be admitted to trading on the London Stock Exchange's Main Market with effect from 6 June 2012.

(iii) Estimate of total expenses related to admission to trading:

$\ddot{\phantom{1}}$

$2.$ RATINGS Ratings:

GBP300

The Notes to be issued have been rated: S & P: BBB (stable outlook) Moody's: Baa2 (positive outlook)

Moody's Deutschland GmbH is established in the European Union and has been registered under the CRA Regulation.

Standard & Poor's Credit Market Services Europe Limited is established in the European Union and has been registered under the CRA Regulation.

3. NOTIFICATION

Not Applicable

• $\boldsymbol{4}$ . INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer.
• REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL 5. EXPENSES Not Applicable
• 1. YIELD (Fixed Rate Notes only) Indication of yield:

$4.02$ per cent. The yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future vield.

• $7.$ PERFORMANCE OF INDEX/FORMULA/OTHER VARIABLE AND OTHER INFORMATION CONCERNING THE UNDERLYING Not Applicable
• 1. PERFORMANCE OF RATES OF EXCHANGE Not Applicable
• OPERATIONAL INFORMATION 9. (i) ISIN Code:

XS0785340448

(ii) Common Code:

(iii) Any clearing system(s) other than
Euroclear Bank S.A./N.V. and Clearstream Banking, societe anonyme and the relevant identification number(s):

(iv) Delivery:
(iv) Delivery:
(v) Names and addresses of additional Paying $(vi)$ Agent(s) (if any):

078534044

Not Applicable Delivery against payment

$\bar{z}$

Not Applicable