REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

20. FINANCIAL INFORMATION CONCERNING THE COMPANY’S ASSETS AND LIABILITIES,
FINANCIAL POSITION AND PROFITS AND LOSSES
20.2 PARENT COMPANY FINANCIAL STATEMENTS FOR 2007
STATUTORY AUDITORS’ SPECIAL REPORT ON REGULATED AGREEMENTS AND
COMMITMENTS WITH THIRD PARTIES
Year ended December 31, 2007
This is a free translation into English of the Statutory Auditors’ special report on regulated agreements and
commitments with third parties issued in French and is provided solely for the convenience of English
speaking readers. This report should be read in conjunction with, and construed in accordance with, French
law and professional auditing standards applicable in France.
Iliad S.A.
8, rue de la Ville l’Évêque
75008 Paris
To the shareholders,
In our capacity as Statutory Auditors of Iliad SA, we hereby report to shareholders on regulated agreements and
commitments with third parties.
Agreements and commitments entered into during the year
In application of Article L.225-40 of the French Commercial Code (Code de commerce), we have been informed
of the agreements and commitments approved in advance by the Board of Directors.
Our responsibility does not include identifying any undisclosed agreements or commitments. We are required to
report to shareholders, based on the information provided, about the main terms and conditions of agreements
and commitments that have been disclosed to us, without commenting on their relevance or substance. Under the
provisions of Article R.225-31 of the French Commercial Code, it is the responsibility of shareholders to
determine whether the agreements and commitments are appropriate and should be approved.
We conducted our work in accordance with the professional standards applicable in France. Those standards
require that we carry out the necessary procedures to verify the consistency of the information disclosed to us
with the source documents from which it was taken.
1 – With Free
Director concerned: Cyril Poidatz
On March 12, 2007, the Board of Directors authorized the Company to guarantee commitments made by Free to
Cisco Systems concerning an equipment lease, for a period of 36 months and representing an aggregate amount
of €601,444.
2 – With Freebox
Directors concerned: Xavier Niel, Michaël Boukobza and Olivier Rosenfeld
On April 5, 2007, the Board of Directors authorized the Company to renew the USD 6 million guarantee relating
to financial commitments given by its subsidiary Freebox to Seagate Technologie Inc and certain of its
subsidiaries.
On May 2, 2007 the Board of Directors authorized the Company to increase this guarantee to USD 7 million to
include financial commitments made by its subsidiary Dedibox.
On June 14, 2007, the Board of Directors authorized the Company to give a USD 30 million guarantee for a
period of one year relating to financial commitments given by its subsidiary Freebox to Assus.
184 - Iliad – Registration Document 2007