Six-monthly return relating to liquidity contract

Pursuant to the liquidity agreement¹ entered into by GROUPE EUROTUNNEL SA and EXANE BNP PARIBAS, as at 30 June 2008, the following stood to the credit of the liquidity account:

• 85,230 GROUPE EUROTUNNEL shares

• €2,284,692

For reference, as at the date of the last return, 31 December 2007, the following stood to the credit of the liquidity account:

• 40,944 GROUPE EUROTUNNEL shares

• €477,635.05

The funds allocated to the liquidity account, corresponding to an amount of € 1,000,000 as at 31 December 2007, have been increased by successive amendments to the contract, by €1,000,000 on 18 January 2008 and €1,000,000 on 25 June 2008.

1. Liquidity agreement being in compliance with the Code of Conduct issued by the French Association of Investment Firms and approved by the AMF in a decision dated 22^nd March 2005, published in the official gazette (BALO) on 1^st April 2005.