Le Yacht S.A.

Rodriquez Group’s subsidiaries SNP Boat Service S.A. and Le Yacht S.A. Merge

The shareholders of SNP Boat Service S.A. and Le Yacht S.A., RODRIGUEZ GROUP’s subsidiaries who directly and indirectly owned up to 99.51 % and 99.34 % of their respective share capital, approved on December 31st, 2010 the merger agreement between the two companies.