Ingenico in €80 Million Bond Offering

May 2, 2005

Cleary Gottlieb represented Calyon and HSBC-CCF as managers in Ingenico’s €80 million convertible bond offering. The bonds are listed on the Eurolist Market of Euronext Paris S.A., and were initially offered in an April 27 Reg S private placement to institutional investors in France and elsewhere in Europe.  Thereafter, the bonds were offered to the public exclusively in France.

Ingenico is the worldwide leader in secure transaction and payment solutions.  The proceeds of the offering will be used primarily for the general financing needs of Ingenico, particularly the financing of targeted acquisitions as part of its internal and external growth strategy.  The issuance will also allow Ingenico to strengthen its shareholder equity, if necessary, in the event the bonds are converted into new shares.