Assystem — Earnings Release 2009

May 14, 2009

First-Quarter Revenue Holds Firm At $£158.3$ Million (Down $3\%$ )

Paris - 14 May 2009) - Assystem S.A. (ISIN: FR00000741418 - ASY), a leader in Engineering and Innovation Consulting services, today announced its consolidated revenue for the first quarter of 2009, which ended 31 March.

In $\epsilon$ millions	Q1 2008	Q1 2009	$\frac{0}{0}$ change	$%$ change at constant exchange rates*
Consolidated revenue	165.6	158.3 Unaudited	$-4.4\%$	$-3.0\%$
Revenue at constant scope of consolidation	165.8	156.4	$-5.7\%$	$-4.2\%$
$-$ Of which France - Of which International	118.9 46.9	113.4 43.0	$-4.6\%$ $-8.3\%$	$-4.6\%$ $-3.2\%$

*Based on average first-quarter 2008 exchange rates applied to first-quarter 2009 revenue.

During the first three months of 2009, most of the 45% drop in revenue in the Automotive BU was offset by gains in the Energy/Nuclear BU (up 12.9% like-for-like) and the Facilities Management BU (up 8.7%).

These two BUs now contribute 37% of the consolidated revenue stream, versus 7% for the Automotive BU.

• E Business was off slightly in the other business units, with like-for-like declines of 4.7% in Aerospace and 4.9% in Technologies. Performance varied by country and customer, however.
• $\blacksquare$ The solid cash position reported at 31 December 2008 was maintained throughout the first quarter.
• If This environment led the Group to undertake a number of measures to limit the short-term business impact of the crisis, to take advantage of the favourable outlook in the nuclear power industry and to retain its core competencies for the future:
• Major programmes were deployed to train Automotive BU employees in nuclear power and aerospace $\bullet$ skills and tools. A total of 5,400 days of training had been completed as of 30 April, when 200 employees were transferred to the other BUs.
• Short-time working was introduced in France and Italy, concerning 300 employees as of 30 April.
• Hiring has slowed, with the number of consolidated employees declining by 0.8% year-on-year (at constant scope of consolidation), to 9,069 people at 31 March and by 206 people compared with 31 December 2008.
• Organisational structures have been aligned with business activity, particularly in France for the Technologies, Automotive and Industries/Naval BUs, which operate in markets with the Group's presence is more fragmented.

Together, these measures are designed to drive the sustained improvement in the Group's underlying performance.

Outlook

• Decrease in the Automotive BU should be contained in the course of the second quarter.
• The Aerospace BU will remain under pressure over the next few quarters, reflecting the worsening conditions in a few market segments, such as business jets and airline fleet retrofits.
• Business in the Energy sector is expected to continue to expand over the short and medium terms, $\bullet$ led by the capital programmes already undertaken by nuclear power customers. These include programmes to upgrade France's nuclear power stations, EPR projects now underway, ITER and upstream fuel cycle projects.
• $\Box$ Changes in the share capital

In accordance with the authorisation granted by shareholders in the $15^th$ resolution approved at the Extraordinary General Meeting on 30 April 2009, the Management Board decided on 12 May 2009 to reduce the Company's share capital by $6560,152$ by cancelling 560,152 treasury shares, representing 2.72% of issued capital. Including the capital reduction carried out on 24 November 2008, the share capital has been reduced by a total of 9.5%, and now amounts to $\epsilon$ 20,041,375, divided into 20,041,375 ordinary shares, each with a par value of $\epsilon$ 1.00.

• Upcoming press releases:
• 6 August 2009, close of trading: first half revenue and earnings/conference call with analysts

Assystem is a leading European provider of engineering and innovation consulting services, strategically focused on the application of technologies in innovative products, production processes and infrastructure. It has more than 9000 employees and derives one third of its revenue from operations in 13 countries outside France.

Assystem S.A. - EuronextParis - ISIN: FR0000074148 Analyst and Investor Relations: Jean-François Lours +33 (0)1 55 65 03 10 http://www.assystem.com/

Media Relations: Cyril Levy-Pey, RLPV Conseil Phone: +33 (0)1 42 70 31 29 - Mobile: +33 (0)6 08 46 41 41 - E-mail: