Oeneo — Earnings Release 2009

Oct 15, 2009

Third Quarter 2009: Strong growth for Closures Division Productivity optimisation in Barrels Division continues in a downbeat business Diam product environment

€m	2008	2009	Change
Third-quarter activity
Sales Closures	12.7	12.9	+1.4%
Sales Barrels	33.7	27.2	-19.4%
Total Sales	46.4	40.1	-13.7%
9 month activity
Sales Closures	41.7	41.9	+0.4%
Sales Barrels	68.7	55.9	-18.5%
Total Sales	110.4	97.8	-11.4%

The third quarter continued the trend observed slight activity increase in the Closures Division, family, and a fall-off in sales in the Barrels adversely affected by the cyclical fall-off in investment extremely cautious in response to the bleak outlook environment, the group's strategic positioning clearly appropriate. since the beginning of the year, showing a due to the success of the Diam closures Division. This business unit continues to be on the part of principals, who are on their own markets. In this unusual on these two complementary markets is

In the months ahead the Oeneo group will pursue simultaneously optimizing productivity in order profitability. In this way, the group intends economic performance as soon as market conditions its marketing and innovation efforts while to preserve a high level of current operating to benefit from substantial leverage on its improve, especially in the Barrels sector.

Closures: Over 273 million Diam closures sold over nine months

In the third quarter, the Closures Division posted drive growth, accounting for 59.5% of sales after nine period in 2008. a 1.4% increase in sales. Diam sales continue to months, compared with 43.4% over the same

Diam sales exceeded 273 million units (+ 45%) during business environment. In addition to customer loyalty, potential new principals, heralding excellent growth had launched construction of a new Diam manufacturing to over one billion Diam closures annually from 2011 the first nine months despite the downbeat the group continues to see strong interest in prospects. In view of this, the group announced it facility that will double its production capacity 2011.

This Division should therefore continue to develop in margins. the coming months, a steady improvement in its

Barrels: Wait-and-see attitude of principals in United States and Spain

The third-quarter trend is a continuation of that recorded different results from one region to another, levels in North America and Spain, both of which have environment. This trend should persist during the promising growth, contributing to €1.4 million sales products business (Boisé + Pronektar) now accounts in previous quarters. The Division has, however, with good resilience in France but falling activity been adversely affected by the difficult economic last quarter of 2009. Boisé continues to show during the third-quarter. The oak alternative for 10% of the Division's sales.

The Barrels Division is taking advantage of this period via R&D investments, structural reinforcement of facilities making business. These decisions, which should generate term, will also lead to increased efficiencies as the market to extensively optimize productivity, especially and an increase in output from its stave additional margins in the short to medium trend improves.

Contacts Oeneo: Grégoire Chové, +33 (0) 1 44 13 44 39 Actus Finance: Guillaume Le Floch, +33 (0) 1 72 74 82 25

Information: www.actus-finance.com