Jun 08th, 2009

TRC group's parent company announces first half turnover of €507 million (AU$858 million)

Viel & Cie, the majority shareholder of Tradition and the ultimate owner of the TRC Group, today announced its half year turnover.

VIEL & Cie announced first-half consolidated turnover from its operating subsidiaries of €506.7 million. This result was broadly stable at current exchange rates, compared with €506.6 million in the same period last year.

At constant exchange rates, this consolidated turnover was down 2.2%.

In the second quarter, consolidated turnover from operating activities at subsidiaries was €247.6 million, down 1.1% compared with last year. At constant exchange rates, consolidated quarterly turnover declined 3.7%.

VIEL & Cie’s core businesses continued their growth path in the first half of 2009.

VIEL & Cie comprises three core businesses in the financial sector: Compagnie Financière Tradition, an interdealer broker with a presence in 27 countries, Bourse Direct, a major player in the online trading sector in France, and a 40% equity accounted stake in SwissLife Banque, present in the private banking sector in France.

VIEL & Cie shares (codes: FR0000050049, VIL) are listed in Compartment B of NYSE Euronext Paris, and are included in the SBF 250. For more information about our Group, visit our site at www.viel.com

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