Developing Gras Savoye's activities in Algeria

Jean Marc de Bournonville, Deputy General Manager in charge of Gras Savoye's foreign subsidiaries and participations, met on April 14, 2008 Abdelmadjid Messaoudi, Permanent Secretary of the Conseil National des Assurances (CNA) in the presence of M. Philippe Fallet, Manager of the Gras Savoye Algérie services and other CNA officials. During the meeting, the Manager of the French brokerage cabinet has voiced his interest in furthering the group's activities in Algeria.