Corporate Profile

Antalis is the leading European distributor of papers and packaging products, ranking #4 worldwide, with sales of 3.4 billion Euros in 2008. Our 7,100 employees serve more than 230,000 print and business customers worldwide, in 53 countries.

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Our Business Scope

Antalis operates in four business areas

Print: providing coated, uncoated, specialty & creative papers, envelopes and graphic supplies for printers and graphic designers, publishers, communications agencies

Office: distributing copier paper, envelopes and office consumables to resellers, companies and to corporation and public sector administrations

Packaging: offering packaging consumables, machines, systems, solutions and additional services for the protection of goods to all industries, printers and offices

Visual Communication: supplying specialists with paper, board, plastics used to create quality signage and display

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Our Presence in the World

Antalis operates in Europe from South to North and Eastern countries and in Asia Pacific, South Africa and South America

Through a commercial alliance with xpedx, Antalis can serve its international customers in North America

Quick facts Present in 53 countries

across 5 continents 2,6 million tonnes of

paper sold every year 7,100 professionals

worldwide out of which more than 2,500 sales representatives

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Our Strategy

To propose value added product ranges and innovative services for our Business-to-Business customers, based on optimised sales channels and supply chain organisations

To enter resolutely into the e-world to increase our efficiency and better meet our customers needs

To provide our customers with a large range of environmentally friendly and recycled papers, in line with our commitment to sustainable growth.

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2008 Sales Breakdown

By segments By geographic areas

65%

3 %VisCom

65 %Print

23 %Office

5 %Packaging

3 %Promotional

Products*

20%

20 %UK

46 %Western Europe(exl. France & UK)

15 %Eastern Europe

7 %Rest of the

world

12 %France

1 %Others

* Disposal of Promotional Products activity in March 2009

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Leading the European Market Quick facts

Present in 27 European countries and #1 in 16 countries

30,000 deliveries per day throughout Europe

Critical mass in Europe

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Market shares

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Merchanting Market

Consolidation

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Our Financial Status On solid ground

Antalis is a fully owned subsidiary of Sequana, a French company listed on the Paris stock exchange.

Antalis is a profitable paper distributor

Quick facts (2008 figures) Turnover: 3.4 billion € Current Operating Income: 92

million € ROS: 2.7% ROCE: 12.5%

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2009 Interim Results

Key Figures Turnover: 1.4 billion € Recurring Operating Income: 39 million €, down 24% vs H1 08 Operating margin very resilient at 2.8%, down 0.3 points vs H1 08 ROCE: 10.8%

Fist Half 2009 Highlights A particularly tough market environment in H1 2009

• Sharp decline in volumes, down 17%• Downturn worse in Europe and Asia; South America is the

only region to report growth Positive impact of the synergies from the integration of Map

activities Tight cost management to counter the decline in volumes

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Our Management

Customer FocusFrom printers, publishers and advertising agencies to major corporations and public administrations, our customers are at the

heart of our strategy.Anticipating our customers needs and

developing comprehensive product ranges and services are constant drivers for our

people.

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Providing Full Services

Professional and experienced staff to guide our customers to find the most appropriate solution

A wide range of services Sampling E-commerce solutions Converting for paper and visual communication products Showrooms

Strong logistics to respond quickly and fully to customers needs in all our markets Complete national coverage in all countries Coverage same day delivery or D+1 for all main cities worldwide Availability of our ranges

Solutions activity either for our customers or for third parties Rack jobbing, storage and deliveries management Paper management

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Our Products

Well-known local and international brands Antalis offers the widest and most consistent range of products

wherever our customers are present in Print, Office, Packaging and Visual Communication.

A vast choice The largest number of references of paper and envelopes An extended range of visual communication products A full range of packaging solutions

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Our Print and Office Businesses

Largest European distributor for specialty papers Covering the needs of the graphic arts and design

industries An extensive range including creative, coated,

offset and carbonless paper, boards, labels and envelopes

Key customer benefits• Professional advice and personalised services• Innovative solutions adapted to new developments in

printing technologies European leader for paper and office

consumables Covering the needs of resellers as well as of

companies and administrations Key customer benefits

• Full product range throughout Europe• Local expertise with backing of international group• Supply chain optimisation for improved efficiency

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Our Envelopes Business

European manufacturer and distributor of stock and bespoke envelopes serving the needs of printers, office customers and administration

Quick facts Factories located in Belgium, Spain and

Portugal Total annual production capacity of 2 billion

envelopes Over 1,600 stock references

Key customer benefits Assorted range of paper and matching

envelopes for mailing machines and business stationery, standard and customised formats

Unique source for all paper and envelopes Distribution of leading brands Next day delivery

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Our Visual Communication Business

The widest range of paper, board, plastics to apply on commercial signs, advertising panels, point-of-sale materials, LFP, etc.

Key customer benefits Dedicated European sales force Widest range of services available in

the market Converting centres for non-standard

formats in small quantities Distribution of leading brands

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Our Packaging Business

A large offer of Packaging solutions Industrial Packaging: solutions to ensure that

industrial goods remain in perfect condition throughout the entire production, transportation and storage chain

Packaging for Print and Office customers

Quick facts 35,000 customers in Europe Over 1,500 references Team composed of more than 250 sales people

Key customer benefits Full range of products, consumables, equipment

and systems throughout Europe Customised services and solutions Single sales contact thanks to international

business scope Expert advice for supply chain optimisation

Responsible BusinessAntalis is committed to contributing to sustainable development through our

businesses, operations and people. Our sustainable development charter guides

our actions for responsibility in economic, social and environmental issues

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Responsible Choices

Sustainable development

Products: in keeping with strict standards for sustainable development and environmental impact reduction

• A full range of environmental friendly products: recycled, FSC and PEFC

• Chain of custody ensured throughout the product lifecycle

Certification: FSC and PEFC implemented or under way in all the countries

Partners: with demonstrated environmental and social achievements and goals

Communities: local economic development supported through our activities

Charities: local programmes and national charities sponsored

Employee FocusWith 7,100 employees across 53

countries, employee welfare is a constant and primary consideration, spanning health and safety in the workplace

through training and career development

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Assuring Staff Personal

Development Antalis ensures A safe and healthy working environment Work practices based on respect, empowerment and trust Training programmes for career development Diversity in management personnel

Antalis’ values

APPENDIX

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International Sales

AIKA: Antalis International Key Accounts Large international companies are more and more

willing to centralise their paper purchase at European and Worldwide level.

Antalis has a dedicated International Key Accounts team responsible for supplying solution to companies with offices all over Europe, offering consistency of a wide range of paper and packaging products and services. Serving the needs of international

companies Requests for information and proposals Participation in tenders European negotiations Introducing the local Antalis contacts Supporting local teams in the implementation of the

contract and provision of management information at European level

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xpedx Commercial Alliance

Objectives of the allianceAntalis has signed a commercial alliance in the US and Mexico with xpedx in order to better answer the needs of very large international companies

Accompany some of our international customers in their worldwide development, in a region where we are not present

In the same way, offer xpedx customers a wide range of products and services in regions where they are not present (Europe, Asia, South America)

The alliance encompasses the following product families• Paper (Print and Office)• Packaging

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xpedx Commercial Alliance

Who is xpedx xpedx: largest distributor in North America

• Over 7,640 employees of which 1,540 salespeople• 10 million sq. feet of warehousing• 1,300 trucks• 108 divisions and 157 retail stores

Third largest division of International Paper• World leader in forest products• Presence in 50 countries

Leading national distributor• Graphic imaging equipment and supplies• Printing paper and publishing sales• Packaging equipment and supplies

Global leadership in environmental issues• First North American paper merchant to have both SFI and FSC chain-of-

custody certifications• One of the largest providers of post-consumer waste content and recycled

printing papers in North America