2,812,500 OBSAs (bonds with equity warrants attached) were issued on the occasion of the Bcom3 acquisition in September 2002, with 10 warrants attached to each bond. In September 2004, Publicis Groupe bought back the bond component of the OBSAs, and warrants were detached. Each warrant entitles to the subscription of one Publicis Groupe share of EUR 0.40 nominal value, at a price of EUR30.5, from 24 September 2013 on.

For further information, please refer to Form F4 filed with the SEC (click here to access the form).

In January 2006, Publicis made a public offer to repurchase all 27,709,748 outstanding equity warrants, which were all issued in connection with the Bcom3 acquisition in 2002. This offer was very successful, since nearly 80% (79.78), or 22.1 million warrants, were tendered and cancelled. The price per warrant was 9 euros. Note no.06-010 dated January 13, 2006 (available in French only)