First quarter revenues hold steady at ?5.8 million

At June 30, 2003 SoluCom Group registered consolidated earnings totaling €5.8 million, which is on a par with the same period last year.

Sales were adversely affected by the unusually large number of employees and clients who went on vacation in May.

Among the highlights of the quarter were the initiation of two major projects: the restructuring of Arcelor's worldwide telecommunications network and a study on Groupama's future telecommunications network.

“As we anticipated,” stated Pascale Imbert, CEO of SoluCom, “the market remained somewhat weak during the quarter: our clients were making only limited investments. We scored a number of major successes, however, notably in the sphere of telecommunications, where we have undertaken new projects for Arcelor and Groupama, as well as new studies for the Spanish telecommunications regulatory commission CMT, as well as for Credit Agricole Indosuez, Credit Lyonnais, Elyo, PSA Peugeot Citroën, Sanofi-Synthelabo and Pierre Fabre.”

About the SoluCom Group

The SoluCom Group, which was formed through the merger of SoluCom, Idesys and Arcome, is active in infrastructure consulting and engineering in the telecoms and networks, security and applications infrastructures segments. The Group has positioned itself in very high value-added services.

The Solucom Group's client roster includes some very prestigious names, all of which are very large accounts including: Air France, Arcelor, Auchan, BNP-Paribas, Cegetel, CNAM-TS, Crédit Agricole, EDF, E.Leclerc, France Télécom, Groupama, La Poste, L'Oréal, LVMH, Ministères des Affaires Etrangères et de la Justice, PPR, Renault, SNCF, Société Générale, Suez, Total, Veolia Environnement.

SoluCom trades on the NextEconomy segment of Euronext Paris.
Euroclear Code 7486 – FTSE: 972, IT services – ISIN: FR0004036036 – LCO

Next press release: November 12, 2003. Subject: first half of fiscal 2003/2004.

For complete financial information, please visit www.solucom.fr