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2003
85
FINANCIAL
REPORT
Report by the Statutory Auditors
3.3
Special Report on Regulated Agreements relative
to the Fiscal Year ending March 31, 2003
Dear Sir or Madam,
In our capacity as the Statutory Auditors of your company, we herewith present our report on regulated agreements.
Pursuant to article 34 of the decree of March 23, 1967, we have been advised of the agreements referred to in article L225-40
of the New French Commercial Code that were concluded during the course of the fiscal year.
It is not up to us to look for other agreements that may exist, but on the basis of information given to us, to inform you of
the essential features and details of those agreements that we have been made aware of,without having to pass judgment on
their usefulness and validity.
According to the provisions of article 92 of the decree of March 23, 1967, it is your responsibility to assess the advisability of
concluding these agreements in view of their approval.
We have carried out our task in accordance with the standards of the profession; these standards require due diligence in order
to ascertain whether the information provided us is consistent with the basic documents from which it was derived.
1-1Transfer of shares in Ludopia Interactive SA
Associates concerned: Mr. Yves, Michel, Gérard, Claude and
Christian Guillemot
Nature and purpose:Transfer of 387,250 shares held in Ludopia
Interactive SA to Guillemot Brothers SA (formerly Ubi
Participations SA) for the amount of 1,257,023.71 by way of a
dation in payment of Gameloft securities (Euroclear:7960).
This agreement was authorized at the Board meeting held
on April 26, 2002.
1-2Transfer of shares in Students Life SA
Associates concerned: Mr. Yves, Michel, Gérard, Claude and
Christian Guillemot
Nature and purpose:Transfer of 55,283 shares held in Students
Life SA to Guillemot Brothers SA (formerly Ubi Participations
SA) for the amount of 762,220.54 by way of a dation
in payment of Gameloft securities (Euroclear:7960).
This agreement was authorized at the Board meeting held
on May 2, 2002.
1-3 Purchase of one share in Ubi Marketing
Research SARL
Associate concerned: Mr. Yves Guillemot
Nature and purpose: acquisition of the share held by Mr. Yves
Guillemot in Ubi Marketing Research SARL for the amount
of 15.25 for the purpose of holding all of the ownership
rights in this company with a view to dissolution without
liquidation.
This agreement was authorized at the Board meeting held
on May 7, 2002.
1-4 Loan by the subsidiary Redstorm
Entertainment Inc
Associate concerned: Mr. Yves Guillemot
Nature and purpose: Conclusion of a loan with the subsidiary
Redstorm Entertainment Inc authorizing the latter to lend
Ubisoft:
the sum of US$649,786.49 in return for an annual payment
based on a USD Libor rate plus a margin of 1.3% per annum;
the amount of the interest due over the fiscal year
is US$14,008;
the sum of GB£2,507,347.56 in return for an annual payment
based on the GBP LIBOR rate plus a margin of 1.3% per
annum; the amount of the interest due over the fiscal year
is GB£82,772.
This agreement was authorized at the Board meeting held
on June 17, 2002.
1-5 Advance in current account to Gameloft SA
Associates concerned: Mr. Yves, Michel, Gérard, Claude and
Christian Guillemot
Nature and purpose: Authorization given to the company
for an advance in current account to Gameloft SA in the
amount of 6,500,000 at an interest rate of 4.5% per annum.
The amount of the interest due over the fiscal year
is 24,842.47 euros.
This agreement was authorized at the Board meeting held
on July 17, 2002.
1 - Previously authorized agreements concluded during the fiscal year