Viel & Cie

Earnings Release • Aug 5, 2010

Press release

Consolidated Revenue in H1 2010: €470.9m

VIEL & Cie reported first-half consolidated revenue from its operating subsidiaries of €470.9m compared with €506.7m in the year-ago period, a decline of 7.1% at current exchange rates or 9.3% at constant rates.

Consolidated revenue in the second quarter was €245.9m, a slight decline of 0.7% compared with last year. At constant exchange rates, consolidated quarterly revenue of operating subsidiaries declined 6.5%.

Quarterly consolidated revenue by business segment at current exchange rates was as follows:

€m	2010			2009
	Q1	Q2	Total	Q1	Q2	Total
Interdealer broking	218.3	238.7	457.0	253.1	240.8	493.9
Online trading	6.7	7.2	13.9	6.0	6.8	12.8
Consolidated revenue	225.0	245.9	470.9	259.1	247.6	506.7

The level of activity was higher in our online segment, with revenue up 8.6% on the same period last year. In our interdealer broking arm, the activity level was down 7.5% on the year-ago period, but showed a rise of 7.0% at constant exchange rates compared with the second half of 2009.

The Group's financial situation has not changed significantly since the publication of its 2009 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, and are included in the SBF 250. For more information about our Group, visit our site at www.viel.com.

Paris, 5 August 2010

Contacts:

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

Image 7 Priscille Reneaume Tel: + 331 53 70 74 61