Groupama in Sale of 15.35% Stake in SCOR

January 23, 2007

Cleary Gottlieb advised Groupama in its sale of 15.35% of the shares of SCOR. Groupama sold the shares to UBS Limited and HSBC Bank in two block trades. The transaction was announced and closed on January 23, 2007.

Groupama is one of Europe’s largest casualty and mutual property insurers. In addition, Groupama offers savings products and banking services. SCOR is a leading French re-insurance company with worldwide operations, whose shares are admitted to trading on Eurolist market of Euronext Paris and on the NYSE (ADSs).