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Notice of Adjustment to the Conversion Ratio for the 2014 Convertible Bonds (OCEANE)

PARIS July 6, 2011


7 June 2011 30 June 2011 16 June 2009


If the number of bonds tendered for conversion does not result in a whole number of shares, the bond holder may request the delivery of either:

  1. The whole number of shares immediately below such number, in which case, the holder will receive its fractional share as a cash payment of a sum equal to the product of the fractional share and the share price (the closing price on the trading day preceding the day on which the request to exercise the conversion right is received) ; or
  2. The whole number of shares immediately above such number, provided that the bond holder pays Publicis a sum equal to the value of the requested additional fractional share, valued as provided in the paragraph above.

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Leo Burnett

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Peggy Nahmany

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