to download the 2012 registration document. - Groupe M6

SHARE CAPITAL3.4. Cash dividend policyCash dividends paid over the last 5 financial years were as follows:2011 2010 2009 2008 2007Ordinary dividend €1.00 €1.00 €0.85 €0.85 €1.00Extraordinary dividend - € - € €1.50 - € - €Net dividend per share €1.00€1.00€2.35€0.85€1.00Tax credit - - - - -Gross dividend €1.00 €1.00 €2.35 €0.85 €1.00Yield (based on closing share price) 8.7% 5.5% 13,1% 6.1% 5.6%Pay-out Ratio - Group share ofcontinuing operations) 84.4% 82.1% 217.9% 79.2% 77.0%With regard to its financial and cash flow generation position and net profit, M6 Group proposed to theAnnual General Meeting of 3 May 2012 the payment of an ordinary dividend of €1.00 per share for the2011 financial year, corresponding to a pay-out ratio of 84.4% of the Group’s share of consolidated netprofit and a yield of 8.7% (calculated based on the 2011 closing price).In respect of the 2012 financial year, a proposal will be submitted for approval to the Ordinary GeneralMeeting of 13 May 2013 for the payment of an ordinary cash dividend of €0.85 per share, correspondingto a pay-out ratio of 76.3% of the Group’s share of consolidated net profit, and of an extraordinary cashdividend of €1.00 per share, making a total cash dividend of €1.85 per share. Including the extraordinarycash dividend, the yield is 15.7% calculated based on the 2012 closing price (7.2% excludingextraordinary cash dividend).The Amending Law n° 2011-894 of 28 July 2011 on the financing of social security, published in theJournal Officiel on 29 July 2011, requires certain employers to pay a bonus to their employees whendividends paid to shareholders or partners increase.This obligation covers commercial companies with a workforce of 50 or more and whose dividends haveincreased compared to the average of the previous two financial years.The M6 Group is therefore concerned by this mechanism in 2012 as the average of dividends paid overthe last two years was €1.00 for a total proposed dividend of €1.85 for the 2012 financial year. Theamount of this bonus will be negotiated with trade unions after the Shareholders’ General Meeting hasdelivered its opinion on the dividend to be paid for the 2012 financial year.3.5. Main shareholders at 31 December 2012At 31 D e ce mbe r 2012 At 31 D ec embe r 2011 At 31 D ec ember 2010%%Number of% sha reNumbe r ofNumber of% sha reNumbe r ofNumbe r of% sharevotingvotingshare sc apita lvoting rightsshare sc apita lvoting rightssha resca pitalrightsrightsNumber ofvoting rights%votingrightsRTL Group 61,007,471 48.46% 42,578,509 34.00% 61,487,471 48.65% 42,578,509 34.00% 62,447,471 48.42% 42,920,487 34.00%GroupeCompagnieNationale à9,154,477 7.27% 9,154,477 7.31% 9,154,477 7.24% 9,154,477 7.31% 9,154,477 7.10% 9,154,477 7.25%Portefe uilleTre asury share s 653,054 0.52% - 0.00% 147,237 0.12% - 0.00% 460,004 0.36% - 0.00%FCPE M6 Personnel 160,900 0.13% 160,900 0.13% 142,700 0.11% 142,700 0.11% 136,130 0.11% 136,130 0.11%Fre efloa t 54,908,062 43.62% 54,908,062 43.85% 55,452,079 43.88% 55,452,079 44.28% 56,759,857 44.01% 56,759,857 44.96%in Fra nc e 23,499,370 18.67% 23,499,370 18.76% 25,575,880 20.24% 25,575,880 20.42% 23,515,009 18.23% 23,515,009 18.63%in other countrie s 31,408,692 24.95% 31,408,692 25.08% 29,876,199 23.64% 29,876,199 23.86% 33,244,848 25.78% 33,244,848 26.34%Total 125,883,964 100.0% 106,801,948 85.28% 126,383,964 100.0% 107,327,765 85.70% 128,957,939 100.0% 108,970,951 86.32%M6 GROUP - 2012 REGISTRATION DOCUMENT - 101