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CP Assurance France Plaisance _UK_2

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					Communiqué
                                                                                  Lyons, 3rd may 2005




               APRIL GROUP acquires France Plaisance Assurance, a
                                    specialist in yacht insurance

  April Group has acquired 75% of the capital of France Plaisance Assurance, an insurance broker
  specialising in the design and management of all-risk insurance policies for yachts, leader on this
  market.

  Created at La Roche-Sur-Yon (France) by Pierre Séguineau in 1976, with 18 employees it made
  sales (commission income) of €2m in 2004 and managed 14 500 policies.

  The company markets its services along the whole French coast as well as in Italy, Spain, Britain
  and Belgium with the assistance of 750 consultants (authorised dealers in yachts and motor
  launches, brokers and insurance agents), and via an on-line pricing site on the Internet.

  This acquisition marks a new stage in April Group’s strategy of developing in niches of the non-life
  insurance market. It will complement the group’s know-how in a specific segment and enrich its
  range of products in the leisure market. Yachting represents a potential of 950,000 units in France
  alone, and has been a steadily growing market for nearly six years now (by around 10% a year) for
  both new and second-hand yachts and motor launches.




  APRIL GROUP (SBF 120), a leader in insurance services architecture, employs 1,500 staff and
  generated turnover of €339m in 2004 for net profit of €34.2m.




  Contact
  Jean-Marc ATLAN – Kaélia
  Advisor to the Chairman
  +33 (0)4 72 00 35 80
  +33 (0)6 07 37 20 44

				
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