to download the 2012 registration document. - Groupe M6

SHARE CAPITAL- maximum purchase price: €18 per share. The maximum amount of the transaction is thus set at€113,295,564;- maximum purchase price: 5% of the share capital, it being specified that this cap should beconsidered in light of the buyback dates to take account of the potential share capital increase orreduction transactions that may occur over the term of the programme. The number of shares usedto calculate this cap corresponds to the number of shares purchased, after deducting the numberof shares sold back over the term of the programme as part of the liquidity contract;- maximum period: 18 months from the date of the General Meeting.These shares may be purchased to fulfil the following objectives:- to stimulate the Métropole Télévision share secondary market or the share liquidity through aninvestment services provider, within the framework of a liquidity contract complying with the AMAFIEthics Charter approved by the AMF;- to retain the purchased shares for future exchange or payment, within the framework of potentialacquisitions;- to ensure the allocation of shares and/or free share plans (or comparable plans) through stock optionplans for the benefit of Group employees and/or management as well as any allocation of shareswithin the framework of a company or Group savings plan (or comparable plan), within the frameworkof profit sharing and/or any other form of share allocation to Group employees and/or management;- to allocate shares upon the exercise of rights attached to marketable securities in accordance withapplicable regulations;- to potentially cancel acquired shares, in accordance with the authorisation granted by the AnnualGeneral Meeting of 13 May 2013 in its 6 th resolution.These transactions may notably be carried out in a period of a public offering pursuant to Article 232-15of the General Regulations of AMF if the offer is fully settled in cash and if the buyback transactions arecarried out in execution of the programme in progress and are not likely to cause the offering to fail.The Company reserves the right to use option mechanisms or derivative instruments in accordance withapplicable regulations.3.7. Treasury sharesAt 31 December 2012, M6 held a total 653,054 of its own shares, amounting to 0.52% of the sharecapital, which was classified on the consolidated balance sheet of Métropole Télévision as a reduction ofequity at their acquisition cost of €8.84 million. The number of treasury shares includes the 128,548shares actually held by the liquidity contract at 31 December 2012.The table below summarises the allocation of treasury shares held at 31 December 2011 and 31December 2012 according to each objective.106 - M6 GROUP - 2012 REGISTRATION DOCUMENT