A N N U A L R E P O R T - Bouygues

Agreements to buy and sell Bouygues Telecom shares held by the BNP Paribas group
In view of Bouygues’ possible purchase of all Bouygues Telecom shares held by the BNP Paribas group
(6.5% of Bouygues Telecom’s capital) for a basic price of €475 million, Bouygues signed the following
agreements to buy and sell with BNP Paribas on 21 June 2005:
• Bouygues granted BNP Paribas an option to buy, valid until 31 July 2007.
• BNP Paribas granted Bouygues an option to sell, exercisable between 1 and 30 September 2007.
The basic price of €475 million bears interest at a rate of 2.07% from the day on which the undertakings
were signed until the purchase takes place. Dividends paid before the transfer of ownership, plus
interest at a rate of 2.07%, will be deducted from the basic price.
Person concerned: Georges Chodron de Courcel
Sponsorship agreement between Bouygues and ARSEP
The sponsorship agreement between Bouygues and ARSEP for the purpose of raising funds for the
EDMUS project to computerise data on multiple sclerosis sufferers was renewed for a three-year period
(2005-2007).
Bouygues paid €40,000 excluding VAT in respect of this agreement in 2005.
Person concerned: Michel Derbesse
Supplementary pension plan for executive management
Bouygues has signed a supplementary pension plan agreement for the members of the Group’s
Executive Committee, including the corporate officers and salaried directors of Bouygues SA. This
supplementary plan represents 0.92% of the reference salary for each year of membership of the plan.
It has been outsourced to an insurance company. The contribution paid in 2005 to the fund set up by
the insurance company was €3,662,301 excluding VAT.
Persons concerned: Martin Bouygues, Olivier Poupart-Lafarge and Olivier Bouygues.
Sub-licensing agreement concerning Magnitude accounting and financial software between
Bouygues and certain subsidiaries
Bouygues has signed a sub-licensing agreement for the use of its Magnitude consolidation software (for
which Bouygues has a non-exclusive usage licence) with three of its subsidiaries.
Bouygues invoiced the following one-off amounts in respect of this agreement in 2005:
Subsidiaries Amount excl. VAT Persons concerned
Colas €237,000
Olivier Bouygues, Alain Dupont, Patrick Le Lay
and Olivier Poupart-Lafarge
Bouygues Immobilier €80,000 Olivier Poupart-Lafarge
Bouygues Construction €191,000
Olivier Bouygues, Yves Gabriel
and Olivier Poupart-Lafarge
Retirement agreement for Michel Derbesse
Michel Derbesse’s term of office as Deputy CEO ended on 1 March 2005 and his employment contract,
which was suspended during his term as a corporate officer, automatically resumed on that date. In 1995,
the Board of Directors decided that the duration of Mr Derbesse’s corporate officership would be taken
into account in determining his length of service and rights with respect to his employment contract.
Mr Derbesse’s retirement took place under this framework.
Bouygues paid Mr Derbesse a 12-month termination benefit, calculated in accordance with the collective
agreement in the building industry, equal to €2,300,000, in addition to the amount relating to the threemonth
notice period provided for by the collective agreement.
Person concerned: Michel Derbesse
■ Agreements approved in previous years which continued to be effective in 2005
In accordance with the decree of 23 March 1967, we were informed that the following agreements,
approved in previous years, continued to be effective in 2005:
Reciprocal advances between Bouygues and its subsidiaries leading to the invoicing of interest:
Advances by Bouygues to its subsidiaries led to the invoicing of €7,381,824 of interest at rates lower than
the tax-deductible minimum (4.58%) for advances in euros.
Guarantees
Guarantees given by Bouygues to Crédit Lyonnais
Calyon, subrogated to Crédit Lyonnais in its rights, in a letter dated 2 August 2005 issued notification
that it was terminating guarantees given by Bouygues in 1992 relating to the repayment by Romanian
limited-liability company CCIB of the following loans:
• an aggregate amount of €1,219,592 in respect of the long-term credit agreement;
• €370,451 plus interest, expenses and fees in respect of the long-term supplementary loan.
Continuation of guarantees given by Bouygues to TF1 International
In the context of the disposal of Ciby Droits Audiovisuels, Bouygues gave a counter-guarantee for commitments
assumed by Fiducine with regard to TF1 International.
Continuation of guarantees given by Bouygues to Bouygues Bâtiment International
In January 1998, Bouygues concluded a concession agreement relating to an equestrian club project
in Jeddah (Saudi Arabia). Following the spin-offs in June 1999, one result of which was to substitute
Bouygues Bâtiment (since renamed Bouygues Bâtiment International) for Bouygues, the two companies
concluded an agreement in order to amend the clauses relating to joint and several liability.
Trademark licence agreements
With Bouygues Construction, Bouygues Travaux Publics, Bouygues Immobilier
Bouygues concluded trademark licence agreements in 2000 with Bouygues Construction, Bouygues
Bâtiment, Bouygues Travaux Publics and Bouygues Immobilier, in particular so as to give them:
• the right to use respectively the Bouygues Construction, Bouygues Bâtiment, Bouygues Travaux
Publics and Bouygues Immobilier trademarks, company names and trade names;
ANNUAL GENERAL REPORT
229