The AGM of December 9th approved the consolidated financial statements of Groupe Limagrain closed on June 30th 2005.

Sales under the Group's responsibility (with 100% of sales for companies that the Group co-manages) came to 1 190 M€ (1 096 M€ in 2003/04) while consolidated sales came to 1 074 M€, an increase of 7.5%. With constant exchange rates, they would have increased by 12%.

EBITA increased by 18%, showing a significant improvement of the Group's economic performances. Net profits came to 29.9 M€ as opposed to 0.2 M€ in 2003/04, a fiscal year penalized by a provision of 21 M€ linked to litigation. Restated for this exceptional item, net profits increased by 41%.

With regard to scope, the acquisition of Advanta Europe in February 2005 has strengthened the Field Seeds Business Group. Nevertheless, the fiscal year only partially integrates its impact on business (100 M€ extra sales pro forma).

Research expenditure consolidated into the accounts represented 88.3 M€. By integrating all Advanta's expenditure, the Group benefits from investments of 102 M€, which is 13% of "professional" sales.

In terms of business, the Group strengthened its position as European leader and N°4 in the world. In particular, Limagrain is European leader of straw cereal seeds, with 18% of the market for soft wheat in the Europe of 25. The arrival of Advanta means that the Group's position as N°2 for corn seeds in Europe has been strengthened. In North America, AgReliant, a 50/50 partnership with KWS, increased business by 40% , becoming N°4 on the market for corn seeds. Vilmorin Clause & Cie strengthened its position as world N°2 for professional vegetable
seeds, with the integration of Kyowa, while significantly improving its results. Finally, Jacquet, thanks to dynamic innovation and marketing, pursued its development (+ 4.4%) and improved its results.

With its subsidiaries, Limagrain is present in 35 countries, and has 6 000 employees of 45 different nationalities.

The Group intends to pursue simultaneous development of its three pillars (field seeds - vegetable seeds and garden products – cereal ingredients and bakery products). A closer look at the sales Sales are split into 70% for professional markets and 30% for consumer markets. They are divided up as follows: