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This document is a free translation of the French Company Report which, in accordance with Article 212-13 of the Autorité des
Marchés Financiers General Regulation (the French Securities and Exchange Commission) was recorded on September 20, 2006
It may only be used in conjunction with a financial transaction if it is supplemented by a transaction note issued by
the Autorité des Marchés Financiers.
In pursuance of the article 28 from Regulations CE 809/2004, the following informations are included with reference
in that French Company Report:
- the consolidated financial statements, the corporate financial statements and the declaration by the statutory auditors as of
March 31, 2004 presented on the French Company Report at pages 46 to 94 and recorded on September 28,2004 with the
reference D.04-1264;
- the consolidated financial statements, the corporate financial statements and the declaration by the statutory auditors as of
March 31, 2005 presented on the French Company Report at pages 47 to 100 and recorded on September 14,2005 with the
reference D.05-1153;
This statement may contain financial data evaluated, information on future projects and transactions and on future economic
results/performance. Such valuations are provided for estimation purposes only. They are subject to market risks and uncertain-
ties and may vary significantly with the actual results that shall be published. The financial data evaluated have been presented
to the Board of Directors and have not been audited by the Auditors.
Copies of this Company Report are available from Ubisoft’s commercial offices:
28, rue Armand Carrel, 93108 MONTREUIL-SOUS-BOIS Cedex – France
A joint stock company with capital €5,593,900.40
Divided into 18,044,840 stocks
Registered office: 107, avenue Henri Fréville, BP 10704 - 35207 RENNES cedex 2 - FRANCE
Phone : 33 (0)1 48 18 50 00
Rennes companies Register no. 335 186 094 – APE code: 722 A.
conception and design : avant•garde
LOST © Touchstone Television. All rights reserved. LOST is a trademark of
Touchstone Television. NARUTO © 2002 MASASHI KISHIMOTO This product
is manufactured, distributed and sold in North, South and Central American
territories under license from VIZ Media, LLC. All Rights Reserved. NARUTO
© 2002 MASASHI KISHIMOTO This product is manufactured, distributed and
sold in the rest of the world except Asia under license from TV TOKYO
CORPORATION & SHUEISHA INC. All Rights Reserved. © 2006 Ubisoft
Entertainment. All Rights Reserved. Assassin’s Creed, Ubisoft and the Ubisoft
logo are trademarks of Ubisoft Entertainment in the U.S. and/or other countries.
© 2006 Ubisoft Entertainment. All Rights Reserved. Blazing Angels, Ubisoft
and the Ubisoft logo are trademarks of Ubisoft Entertainment in the US and/or
other countries. © 2006 Gearbox Software, L.L.C. All rights reserved.
Published and distributed by Ubisoft Entertainment under license from Gearbox
Software, L.L.C. Brothers in Arms Hell’s Highway is a trademark of Gearbox
Software and is used under license. Gearbox Software and the Gearbox logo are
registered trademarks of Gearbox Software, LLC. © 2006 Ubisoft
Entertainment. All Rights Reserved. Far Cry, Far Cry Instincts, Ubisoft and the
Ubisoft logo are trademarks of Ubisoft Entertainment in the US and/or other
countries. Based on Crytek’s original Far Cry directed by Cevat Yerli. Powered
by Crytek’s technology “CryEngine”. © 2006 Crytek. All Rights Reserved.
Published by Ubisoft Entertainment. Far Cry, Ubisoft, and the Ubisoft logo are
trademarks of Ubisoft Entertainment in the U.S. and/or other countries.
© 2002 Ubisoft Entertainment. All Rights Reserved. Heroes, Heroes of Might
and Magic, Ubisoft and the Ubisoft logo are trademarks of Ubisoft
Entertainment in the U.S. and/or other countries. © 2005 Q Entertainment
and Bandai. Program © 2005 Q Entertainment and Bandai. Published and
distributed by Ubisoft Entertainment under license from Bandai Games Inc.
Ubisoft and the Ubisoft logo are trademarks of Ubisoft Entertainment in the
U.S. and/or other countries. LUMINES is a trademark of Bandai. All Rights
Reserved. © 2003 Ubisoft Entertainment. All Rights Reserved. Beyond Good &
Evil, Ubisoft and the Ubisoft logo are trademarks of Ubisoft Entertainment in
the US and/or other countries. © 2006 Ubisoft Entertainment. All Rights
Reserved. Ubisoft, ubi.com, and the Ubisoft logo are trademarks of Ubisoft
Entertainment in the U.S. and/or other countries. D'ni™, Cyan®, and Myst®
are trademarks of Cyan, Inc. and Cyan Worlds, Inc. under license to Ubisoft
Entertainment. Developed by Cyan Worlds, Inc. Open Season: TM & © 2006
Sony Pictures Animation Inc. All rights reserved. Game Software excluding
Sony Elements: © 2006 Ubisoft Entertainment. All rights reserved. Ubisoft and
the Ubisoft logo are trademarks of Ubisoft Entertainment in the U.S. and/or
other countries. © 2005 Ubisoft Entertainment. All Rights Reserved. Ubisoft
and the Ubisoft logo are trademarks of Ubisoft Entertainment in the U.S.
and/or other countries. Universal Studios’ King Kong movie © Universal
Studios. Licensed by Universal Studios Licensing LLLP. All Rights Reserved. A
Note to Parents: Please consult www.filmratings.com for information regarding
movie ratings in making viewing choices for children. © 2003-2005 Ubisoft
Entertainment. All Rights Reserved. Based on Prince of Persia®created by
Jordan Mechner. Ubisoft and the Ubisoft logo are trademarks of Ubisoft
Entertainment in the U.S. and/or other countries. Prince of Persia, Prince of
Persia The Sand of Time, Prince of Persia Warrior Within and Prince of Persia
The Two Thrones are trademarks of Jordan Mechner in the US and/or other
countries used under license by Ubisoft Entertainment. © 1995-2006 Ubisoft
Entertainment. All Rights Reserved. Rayman, Rayman 2 The Great Escape,
Rayman 3 Hoodlum Havoc, Rayman Raving Rabbids, the character of Rayman,
Ubisoft and the Ubisoft logo are trademarks of Ubisoft Entertainment in the
U.S. and/or other countries. © 2006 Ubisoft Entertainment. All Rights
Reserved. Red Steel, Ubisoft and the Ubisoft logo are trademarks of Ubisoft
Entertainment in the U.S. and/or other countries. © 2005 Hip Interactive
Europe. All Rights Reserved. Co-Published and distributed by UBISOFT
Entertainment under license from Hip Interactive Europe. Rugby Challenge
2006 is a trademark of Hip Interactive Europe and is used under license. Ubisoft
and the Ubisoft logo are trademarks of Ubisoft Entertainment in the US and/or
other countries. LucasArts and the LucasArts logo are trademarks of Lucasfilm
Ltd. © 2006 Lucasfilm Entertainment Company Ltd. or Lucasfilm Ltd. & TM as
indicated. All rights reserved. Ubisoft, Ubi.com, and the Ubisoft logo are
trademarks of Ubisoft Entertainment in the U.S. and/or other countries.
Developed and published by Ubisoft Entertainement. © 2006 Mirage Studios,
Inc. Teenage Mutant Ninja Turtles™ is a trademark of Mirage Studios, Inc. All
rights reserved. © 2006 Ubisoft Entertainment. All Rights Reserved. Ubisoft
and the Ubisoft logo are trademarks of Ubisoft Entertainment in the U.S.
and/or other countries. © 2005 Ubisoft Entertainment. All Rights Reserved.
Splinter Cell, Splinter Cell Double Agent, Sam Fisher, the Soldier Icon, Ubisoft,
Ubi.com and the Ubisoft logo are trademarks of Ubisoft Entertainment in the
U.S. and/or other countries. © 2005 Ubisoft Entertainment. All Rights
Reserved. Splinter Cell, Splinter Cell Chaos Theory, Sam Fisher, Ubisoft, and
the Ubisoft logo are trademarks of Ubisoft Entertainment in the U.S. and/or
other countries. © 2005 Ubisoft Entertainment. All Rights Reserved. Ghost
Recon, Ghost Recon Advanced Warfighter, the Soldier Icon, Ubisoft, Ubi.com
and the Ubisoft logo are trademarks of Ubisoft Entertainment in the US and/or
other countries. PC version developed by Grin. “PLAYSTATION”,
“PlayStation” and the “PS Family” logo are registered trademarks of Sony
Computer Entertainment Inc. Online play requires internet connection,
Network Adaptor (for PlayStation 2) and Memory Card (8MB)(for PlayStation 2)
(each sold separately). The Online icon is a trademark of Sony Computer
Entertainment America Inc. PSP is a trademark of Sony Computer
Entertainment Inc. Xbox, Xbox 360, and Xbox Live are either registered trade-
marks or trademarks of Microsoft Corporation in the United States and/or
other countries. GAME BOY ADVANCE, NINTENDO GAMECUBE, THE NIN-
TENDO GAMECUBE LOGO AND NINTENDO DS ARE TRADEMARKS OF
NINTENDO. The Wii and the Wii logo are trademarks of Nintendo.