Disclosure of Shareholdings

SGS SA and the Disclosure office of SWX Swiss Exchange have been notified by IFIL Investissements S.A., 22-24 boulevard Royal, L-2449 Luxembourg, that its shareholding will raise above the percentage threshold of 10% pursuant to, and upon completion of, a Public Tender Offer (“Offre Publique de Rachat d'Actions” - OPRA) by Sequana Capital SA, 19 rue de Montaigne, F75008 Paris.

The participation of IFIL  will be between a minimum of 979'716 shares of SGS SA, (12,52 % of the voting rights) and a maximum of 1'453'480 shares of SGS SA (18,58 % of the voting rights) depending on the  rate of response by Sequana Capital SA’s other shareholders to the OPRA.

Giovanni Agnelli e C. Sapaz, Corso Matteotti 26, I – 10121 Torino, hold 100 % of the voting rights in Società per Azioni Istituto Finanziario Industriale – IFI SpA, Corso Matteotti 26, I – 10121 Torino,  which in turn holds 65,01 % of the voting rights of IFIL Investments SpA, Corso Matteotti 26, I – 10121 Torino, which holds directly 79,82 % and indirectly 100 % of IFIL Investissements S.A., 22-24 boulevard Royal, L-2449 Luxembourg.

Sequana Capital SA will satisfy the OPRA by exchange of SGS SA‘s shares for its own shares (“Offre d'Echange”) or  alternatively by payment in cash (“Offre d'Achat”). In response to the OPRA,  IFIL Investissements SA  shall  contribute all of its shares in Sequana Capital SA for exchange.  The OPRA will start on 7 November and extend until 28 November 2006 included.

The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognized as the global benchmark in quality and integrity.
With more than 46'000 employees, SGS operates a network of over 1’000 offices and laboratories around the world.